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Share market highlights: Sensex ends 22 points higher, Nifty below 11,600; Bharti Airtel, Bajaj Auto jump

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Updated:Apr 11, 2019 4:03:58 pm

Stock market highlights: The stock markets ended flat on Thursday morning, ahead of earnings season and even as polling begins. The Sensex ended 22 points higher at 38,607, while the Nifty closed below the 11,600-mark.

sensex, nify, stock market, bse, nseShare market highlights: The Sensex ended 22 points higher at 38,607, while the Nifty closed below the 11,600-mark.

Stock market highlights: The stock markets ended flat on Thursday morning, ahead of earnings season and even as polling begins. The Sensex ended 22 points higher at 38,607, while the Nifty closed below the 11,600-mark. Bharti Airtel shares ended 2.2% higher at Rs 347.50, while Bajaj Auto shares closed 2% higher at Rs 2,896.90. Infosys, Vedanta shares closed up to 4% lower in the Sensex.

Asian stocks held near eight-month highs on Thursday and the dollar slipped again on expectations global interest rates will stay lower for longer after a dovish turn by the European Central Bank and milder than expected U.S. inflation. The British pound was little changed after European leaders agreed to extend the deadline for UK to leave the union to the end of October, averting a potential crash out of the bloc on Friday with no divorce deal, Reuters reported. We bring to you LIVE updates.

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16:03 (IST)11 Apr 2019
BSE live: Sensex ends 22 points higher, Nifty below 11,600; Bharti Airtel, VEDL top gainers

The stock markets ended flat on Thursday morning, ahead of earnings season and even as polling begins. The Sensex ended 22 points higher at 38,607, while the Nifty closed below the 11,600-mark. Bharti Airtel shares ended 2.2% higher at Rs 347.50, while Bajaj Auto shares closed 2% higher at Rs 2,896.90. Infosys, Vedanta shares closed up to 4% lower in the Sensex. A look at LIVE Sensex heatmap.

10:24 (IST)11 Apr 2019
PSU IPO woes continue after Rail Vikas Nigam makes tepid debut; lists at Rs 19 on BSE

Shares of state-run Rail Vikas Nigam Ltd made a tepid debut on the exchanges on Thursday morning, even as the shares listed at Rs 19, flat as compared to its IPO price of Rs 19. Poor run continues for PSU IPOs as the recently listed MSTC shares are trading below the issue price. MSTC shares are trading at Rs 112, 6% below the issue price of Rs 120. Notably, several PSU new issues have left investors with poor returns in the recent times. PSU issues including IRCON International, Garden Reach, Coal India, NALCO, HUDCO, RCFL, National Fertilizers are all trading below their issue prices.

Also read: PSU IPO woes continue after Rail Vikas Nigam makes tepid debut; lists at Rs 19 on BSE

09:42 (IST)11 Apr 2019
Essel exposure: Kotak FMP investors may not receive full amount on maturity

Investors in Kotak FMP Series 127, a fixed maturity plan (FMPs), which have invested in debt instruments of Essel Group companies, may not receive the full amount on maturity of the scheme. This is because Essel Group is understood to have delayed repayments. Kotak Mutual Fund is understood to conveyed to its investors that the fund might not be able to pay entire redemption amount for the Kotak FMP Series 127, which matured on April 8.

Also read: Essel exposure: Kotak FMP investors may not receive full amount on maturity

09:27 (IST)11 Apr 2019
BSE live: Sensex turns positive, Nifty below 11,600; Tata Motors, HUL top gainers

After opening marginally lower, the Sensex turned positive in the morning on Thursday even as the first phase of polling begins. The Sensex is up about 30 points to 38,615, while the Nifty is trading near the 11,600-mark. Tata Motors, HUL shares are trading 1.5% higher, to emerge among the biggest Sensex gainers. Kotak Mahindra, Infosys shares are trading about 1% lower each. A look at LIVE Sensex heatmap.

08:59 (IST)11 Apr 2019
European Union offers Britain six-month delay to Brexit date

European leaders offered Britain a six-month delay to its Brexit departure Thursday, apparently saving the continent from a chaotic no-deal departure at the end of week. If May accepts the extension and London remains in the EU after May 22, British voters will have to take part in European parliamentary elections. France’s President Emmanuel Macron was the strongest voice opposing a long extension, but most leaders backed it and the French had to settle for a promise that the delay will be reviewed at an EU summit on June 21.

Also read: European Union offers Britain six-month delay to Brexit date

08:50 (IST)11 Apr 2019
Essel exposure: Kotak FMP investors may not receive full amount on maturity

Investors in Kotak FMP Series 127, a fixed maturity plan (FMPs), which have invested in debt instruments of Essel Group companies, may not receive the full amount on maturity of the scheme. This is because Essel Group is understood to have delayed repayments. Kotak Mutual Fund is understood to conveyed to its investors that the fund might not be able to pay entire redemption amount for the Kotak FMP Series 127, which matured on April 8.

Also read: Essel exposure: Kotak FMP investors may not receive full amount on maturity

08:45 (IST)11 Apr 2019
Oil prices dip on surging US crude stockpiles

Oil prices fell on Thursday after U.S. crude stockpiles surged to their highest levels in almost 17 months amid record production. International benchmark Brent futures were at $71.57 per barrel at 0056 GMT, down 16 cents, or 0.2 percent, from their last close. U.S. West Texas Intermediate (WTI) crude oil futures were at $64.36 per barrel, down 25 cents, or 0.4 percent, from their previous settlement. U.S. crude inventories rose 7 million barrels to 456.6 million barrels in the last week, their highest since November 2017, the Energy Information Administration said on Wednesday.

Also read: Oil prices dip on surging US crude stockpiles

08:45 (IST)11 Apr 2019
Recession fears misplaced: Global economy may not feel great, but that doesn’t mean it’s terrible

What’s all the fuss about? Maybe the world economy isn’t in such terrible shape, after all. New projections from the International Monetary Fund, published Tuesday, show that expansion still has some legs. Growth will be a not-too-shabby 3.3% this year. That’s down from a previous forecast of 3.5%. So, yes, it’s a cut. But not a dramatic one. These numbers are a ways from one IMF definition of recession, 2.5%, and miles from the contraction recorded in 2009. Superlatives about the lowest growth since the Great Recession are misleading.

Also read: Recession fears misplaced: Global economy may not feel great, but that doesn’t mean it’s terrible

08:44 (IST)11 Apr 2019
SEBI gets more teeth against insider trading

Insider trading is trading on the basis of unpublished price sensitive information (UPSI) that is not generally available to everyone. Insider trading is prohibited since it allows certain individuals with access to UPSI to profit from information asymmetry. In recent times, SEBI has stepped up the regulation of insider trading. In 2015, SEBI had put in place a new framework for prohibition of insider trading based on the report of an expert committee.

Also read: SEBI gets more teeth against insider trading

08:44 (IST)11 Apr 2019
SEBI gets more teeth against insider trading

Insider trading is trading on the basis of unpublished price sensitive information (UPSI) that is not generally available to everyone. Insider trading is prohibited since it allows certain individuals with access to UPSI to profit from information asymmetry. In recent times, SEBI has stepped up the regulation of insider trading. In 2015, SEBI had put in place a new framework for prohibition of insider trading based on the report of an expert committee.

Also read: SEBI gets more teeth against insider trading

08:42 (IST)11 Apr 2019
Gold trades near 2-week high on dovish central banks

Gold on Thursday hovered near a two-week peak touched in the previous session, as the dollar struggled after the U.S. Federal Reserve and the European Central Bank signalled steady interest rates amid a slowing global economy. Spot gold was flat at $1,307.91 per ounce as of 0110 GMT, after touching its highest since March 28 at $1,310.50 in the previous session.

Also read: Gold trades near 2-week high on dovish central banks

08:41 (IST)11 Apr 2019
Global Markets: Asian shares pause near 8-month high, dollar weakens

Asian stocks held near eight-month highs on Thursday and the dollar slipped again on expectations global interest rates will stay lower for longer after a dovish turn by the European Central Bank and milder than expected U.S. inflation. The British pound was little changed after European leaders agreed to extend the deadline for UK to leave the union to the end of October, averting a potential crash out of the bloc on Friday with no divorce deal. But investors’ risk appetite was generally capped by U.S. threats earlier this week to slap tariffs on goods from the European Union.

Also read: Global Markets: Asian shares pause near 8-month high, dollar weakens

Share market on Wednesday: After opening marginally lower on Wednesday, the Sensex and Nifty extended losses in the afternoon trade. The Sensex closed 354 points down at 38,585.35, while the Nifty is closed below the 11,600-mark. Bharti Airtel, Asian Paints shares emerged as the top losers in the index shedding up to 4%. Tata Motors, HUL closed up to 5% higher, to emerge among the top Sensex gainers.
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