Share market Highlights: Sensex ends 157.34 points up, Nifty below 10,800; RIL, Infosys emerge top gainers

By: |
Updated:Dec 27, 2018 4:46:19 pm

Share market Highlights: After a sharp rally in the morning, Sensex and Nifty pared gains ahead of F&O expiry. Sensex ended 157.34 points higher to 35,807.24, while the Nifty closed  below the 10,800-mark.

Share Market Live, Stock Market Live, Nifty Live, NSE live, BSE live, Live Market Update, Market Today, Indian Share Market Live, Indian Stock Market LiveShare Market Highlights: Sensex ended 157.34 points higher to 35,807.24, while the Nifty closed  below the 10,800-mark.

Share market Highlights: After a sharp rally in the morning, Sensex and Nifty pared gains ahead of F&O expiry. Sensex ended 157.34 points higher to 35,807.24, while the Nifty closed  below the 10,800-mark. RIL and Infosys shares emerged as the top gainers in the Sensex. Intraday, RIL share price zoomed by more than 2.6% to Rs 1,127, while Infosys shares rallied nearly 3% to Rs 663.25.

The gains on Dalal Street were led by IT, metal, auto and financial stocks. Top gainers included TCS, Reliance, Infosys, HDFC Bank, ITC, ICICI Bank, IndusInd Bank, Axis Bank, HUL and SBI. On the other hand, Bharti Airtel, PowerGrid, NTPC, Asian Paints and Hero MotoCorp were the top losers, falling up to 1 per cent.

Asian shares on Thursday latched on to a dramatic surge on Wall Street as markets, battered by a recent drum roll of deepening political and economic gloom, cheered upbeat U.S. data and the Trump administration’s effort to shore up investor confidence. In a buying frenzy that was as spectacular as the recent rout, U.S. stocks soared with the Dow Jones Industrial Average rocketing more than 1,000 points for the first time on Wednesday, Reuters reported. We bring to you LIVE updates.

Live Blog

Share Market Highlights: Sensex, Nifty, Indian Rupee vs US Dollar, Latest Stock Market News, NSE, BSE

15:42 (IST)27 Dec 2018
BSE Live: Sensex ends 157.34 points up, Nifty below 10,800; RIL, Infosys emerge top gainers

After a sharp rally in the morning, Sensex and Nifty pared gains ahead of F&O expiry. Sensex ended 157.34 points higher to 35,807.24, while the Nifty closed  below the 10,800-mark. RIL and Infosys shares emerged as the top gainers in the Sensex. Intraday, RIL share price zoomed by more than 2.6% to Rs 1,127, while Infosys shares rallied nearly 3% to Rs 663.25. A look at Sensex heat map.

15:17 (IST)27 Dec 2018
Animal spirits rise as India moves past demonetisation shock; four key charts on Indian economy

India is showing signs of overcoming tight money conditions, with lending and business activity picking up in Asia’s third-largest economy. An overall activity indicator measuring “animal spirits” moved two notches up in November from a month ago. The gauge, compiled by Bloomberg News, reflects strength in new orders boosting business activity, but more importantly a rebound in a liquidity indicator. 

Read full story here: Animal spirits rise as India moves past demonetisation shock; four key charts on Indian economy

15:06 (IST)27 Dec 2018
161 IPOs garner $5.52 billion till November in 2018: Report

Indian stock exchanges ranked second globally in terms of number of initial public offerings (IPOs), raising USD 5.52 billion from 161 offerings till November this year, according to a report. At the BSE and the National Stock Exchange, there were only two IPOs in fourth quarter of this calendar year, compared with nine and three in fourth quarter of 2017 and third quarter of 2018, respectively, said EY India IPO Trends: Q4 2018 report. A similar trend was witnessed in the small and medium enterprise (SME) market. There were eight IPOs in fourth quarter of 2018, compared with 31 and 42 in fourth quarter of 2017 and third quarter of 2018, respectively, showing a drop of 74 per cent and 81 per cent, respectively, it said. (PTI reported)

14:41 (IST)27 Dec 2018
India eyes $100-billion FDI in next two years; Plans industrial clusters for some countries, says Suresh Prabhu

India will aim to receive USD 100 billion in foreign direct investments in the next two years and special industrial clusters are being created for countries like Japan, South Korea, China and Russia where their companies can invest and operate, Union Minister Suresh Prabhu said. The commerce and industry minister said his ministry has also identified sectors and countries which holds huge potential for investments in India. “I have given a target. USD 100 billion of FDI should come from different sectors into India. It will not happen in one year. We have identified companies, sectors and countries and now we are going for road shows to attract investors,” Prabhu told PTI in an interview. He said India would remain a top destination for foreign investors in 2019 and the ministry would look at all sectoral issues that may come come in the way to attracting overseas investments.

Also read: India eyes $100-billion FDI in next two years; Plans industrial clusters for some countries, says Suresh Prabhu

14:30 (IST)27 Dec 2018
Angel investors note: Getting accredited for funding startups – SEBI working on this mechanism

The Department of Industrial Policy & Promotion has clarified that markets regulator SEBI is working on a mechanism for investors to get accredited for investing in startups, days after NITI Aayog CEO Amitabh Kant’s tweet caught some angel investors unaware about any such existing facility. “SEBI is working on the Accredited Investors Mechanism and once SEBI puts out the notification the accredited investor scheme/ regulation will come into effect,” a DIPP spokesperson told FE Online in response to a query about Amitabh Kant’s tweet.

Read full story here: Angel investors note: Getting accredited for funding startups – SEBI working on this mechanism

12:57 (IST)27 Dec 2018
BSE Live: Sensex holds gains, up 250 points, Nifty above 10,800; IT, financials rally

After opening sharply higher, Sensex and Nifty are holding on to morning gains on the back of a global stock market rally. Sensex is up 260 points to 35,909.04, while the Nifty is trading above the 10,800-mark. RIL share price zoomed by more than 2.6% to Rs 1,127, while Infosys stock price is up more than 2% to Rs 660.40. The gains on Dalal Street were led by IT, metal, auto and financial stocks. A look at Sensex live heat map.

12:45 (IST)27 Dec 2018
Non-adherence to timelines under IBC a major concern, says govt official

Insolvency law is a game-changer but non-adherence to timelines and inordinate delay in admission of cases are major concerns, Corporate Affairs Secretary Injeti Srinivas said. Describing the implementation of the Insolvency and Bankruptcy Code (IBC) as a "mixed story", he said the law has already impacted the behaviour of borrowers and lenders. The code, which became fully operational in December 2016, provides for a market-determined and time-bound insolvency resolution process. Noting that the law has certainly proven to be a game-changer, Srinivas cited pre-admission settlements and turning non-performing assets (NPAs) into performing assets. (PTI reported)

12:10 (IST)27 Dec 2018
Gold price update: Gold rises on safe-haven demand, equity rebound caps gains

Gold rose on Thursday as global growth worries and volatility in stock markets boosted demand for the safe-haven metal, but gains were capped by a sharp rebound in equities. Spot gold was up 0.2 percent at $1,268.87 per ounce as of 0600 GMT, after hitting its highest since June 19 at $1,279.06 in the previous session. U.S. gold futures fell 0.1 percent to $1,271.8 per ounce. "Gold prices are primarily getting support on the back of safe-haven buying due to concerns about the health of the global economy and heightened volatility in risk assets," said Sugandha Sachdeva, vice president of metals, energy and currency research at Religare Broking Ltd. (Reuters reported)

11:51 (IST)27 Dec 2018
Investing tips for 2019: Five key things to keep in mind while investing in SIPs

Over the last few years, popularity of SIP as a regular monthly investment option has grown exponentially. From a largely unknown instrument, it has now become a household name – as popular as probably RDs (Recurring deposits) a decade ago. If data from Banks is put in public domain, it may not be surprising that SIP growth rates could be even higher – and why not – after all they are tax efficient, well-diversified and offer higher potential returns (although with higher volatility).

Read full story here: Investing tips for 2019: Five key things to keep in mind while investing in SIPs

11:03 (IST)27 Dec 2018
Aavas Financiers shares gain after Edelweiss initiates coverage with a buy call

Shares of Aavaas Financiers rallied in the morning trade on Thursday after brokerage firm Edelweiss initiated coverage on on the stock with a ‘buy’ call.  Aavaas Financiers share price jumped by more than 4.4% to hit the day's high at Rs 836. Edelweiss has a target share price of Rs 1,014 on the shares.  Edelweiss' target price implies am upside of more than 21% from the current market prices. Edelweiss believes that the company has solid business credentials, stringent credit assessment and risk management capabilities. Further, the firm also expects strong capital base to build a scalable growth franchise. The company also has all requisite ingredients to sustainably command premium valuation.

10:24 (IST)27 Dec 2018
NSE Live: IT behemoths Infosys, TCS shares rally; among top 5 Nifty gainers

Shares of IT behemoths Tata Consultancy Services and Infosys gained in trade on Thursday morning to emerge among the top 5 Nifty gainers. TCS share price gained by more than 2.3% to hit the day's high at Rs 1,933.85, while Infosys share price surged by more than 2.4% to Rs 660 on NSE. Other major Nifty gainers include Hindalco, Tech Mahindra and RIL. A look at top 5 Nifty gainers and losers.

10:08 (IST)27 Dec 2018
Rupee slips 19 paise against US dollar in early trade

The rupee weakened by 19 paise to 70.25 against the US dollar in early trade Thursday due to fresh buying of the American currency by importers and banks. A higher opening of domestic equity market, however, capped the loss, brokers said. At the Interbank Foreign Exchange, the rupee opened sharp lower at 70.27 a dollar against the previous close of 70.06. The domestic unit moved in a tight range of 70.31 to 70.22 in the morning trade. On Wednesday, the rupee trimmed its early gains to settle 8 paise higher at 70.06 against the US currency. Brent crude, the international benchmark, was down 1.18 per cent at USD  54.64 per barrel. (PTI reported)

09:55 (IST)27 Dec 2018
RIL share price gains 2.2% to emerge as biggest Sensex gainer

Shares of billionaire Mukesh Ambani-led Reliance Industries surged in trade on Thursday morning, to emerge as the biggest gainer in the Sensex. RIL share price zoomed by more than 2.2% to hit Rs 1,122.90.  RIL is contributing the maximum to Sensex gains currently. Among other major bluechip gainers were TCS, Infosys and ITC. A look at top index contributors.

09:24 (IST)27 Dec 2018
BSE Live: Sensex rallies 392 points, Nifty above 10,800; VEDL, Sun Pharma zoom 1.5%

The domestic stock markets-- Sensex and Nifty-- opened higher tracking positive global cues, after Asian markets rallied following the major gains seen on the Wall Street yesterday. Sensex zoomed 392 points in the opening trade to 36,041.24, while the Nifty 50 was trading above the 10.800-level. Sun Pharma, VEDL shares gained more than 1.5% each. A look at live heatmap.

09:13 (IST)27 Dec 2018
HDFC group overtakes Tatas to become India’s number 1 conglomerate in market value

HDFC group, with just five firms under its fold, has outpaced Tata group to become the country’s largest conglomerate in terms of market capitalisation, a sign of financial firms’ rising clout in the eyes of investors. HDFC Bank, in fact, is only the third company in Indian corporate history to cross the Rs 5-lakh crore market capitalisation threshold. At Wednesday’s close, the market capitalisation of HDFC group stood at Rs 10.40 lakh crore, which is Rs 1,185 crore more than that of Tata Group, according to Bloomberg data.

Also read: HDFC group overtakes Tatas to become India’s number 1 conglomerate in market value

09:12 (IST)27 Dec 2018
Asian shares ride Wall Street surge, oil rally

Asian shares on Thursday latched on to a dramatic surge on Wall Street as markets, battered by a recent drum roll of deepening political and economic gloom, cheered upbeat U.S. data and the Trump administration’s effort to shore up investor confidence. In a buying frenzy that was as spectacular as the recent rout, U.S. stocks soared with the Dow Jones Industrial Average rocketing more than 1,000 points for the first time on Wednesday. That helped push MSCI’s broadest index of Asia-Pacific shares outside Japan up about 0.9 percent and away from eight-week lows.

Also read: Asian shares ride Wall Street surge, oil rally

09:10 (IST)27 Dec 2018
US dollar holds firm on Wall Street surge, upbeat economic data

The dollar held on to most of its overnight gains on Thursday as investors cheered signs of easing U.S.-Sino trade tensions and stronger-than-expected U.S. economic data, sending Wall Street stocks surging and Treasury yields up. In a dramatic turn to lift off bear-market territory, the Dow Jones Industrial Average rocketed more than 1,000 points for the first time on Wednesday, while U.S. 10-year yields rallied around 8 basis points to end at 2.8 percent. That gave the dollar some respite from weeks of pressure brought on by a sell-off in U.S. bonds on heightened concerns about slowing U.S. growth, Sino-U.S. trade tensions and – more recently – a partial U.S. government shutdown.

Also read: US dollar holds firm on Wall Street surge, upbeat economic data

09:09 (IST)27 Dec 2018
Dow Jones notches record point surge in dramatic rebound

The Dow Jones Industrial Average surged more than 1,000 points for the first time on Wednesday, leading a broad Wall Street rebound after a report that holiday sales were the strongest in years helped mollify concerns about the health of the economy. Following Wall Street’s worst-ever Christmas Eve drop in the previous session, the advance was also fueled by investors’ reversing bets against a wide range of stocks. By the close, the Dow, S&P 500 and Nasdaq had notched their largest daily percentage gains in nearly a decade.

Read full story here: Dow Jones notches record point surge in dramatic rebound

09:07 (IST)27 Dec 2018
Brent crude oil prices fall after jump the day before; glut, economy worries weigh

Oil fell on Thursday after soaring 8 percent in the previous session, as worries over a glut in crude supply and concerns over a faltering global economy pressured prices even as a stock market surge offered support. Brent crude oil futures were down 8 cents, or 0.15 percent, at $54.39 a barrel by 0237 GMT. They rose 8 percent to $54.47 a barrel the day before. U.S. West Texas Intermediate (WTI) crude futures fell 0.19 percent to $46.13 per barrel. They jumped 8.7 percent to $46.22 per barrel in the previous session. Both crude benchmarks are down roughly 40 percent from highs touched in October.

Read full story here: Brent crude oil prices fall after jump the day before; glut, economy worries weigh

Share market on Wednesday: The domestic stock markets made a smart recovery on Wednesday afternoon, recovering more than 639 points from the day’s lows. The 30-share Sensex closed 179.79 points higher to 35,649.94, while the Nifty closed above the 10,700-mark. The recovery in the indices was led by bluechips Bharti Airtel and HDFC twins. Bharti Airtel closed 4.2% higher at Rs 322 on BSE, while HDFC Bank and HDFC shares gained by more than 2% each. Earlier, the Sensex had plunged 459 points to intra-day low of 35,010.82, while the Nifty was trading below 10,550 level. Yes Bank share price plunged by nearly 4% to Rs 174.25.
FinancialExpress_1x1_Imp_Desktop