Almost across-the-board buying and US-China trade talks optimism lifted benchmark indices nearly 1.50 per cent higher on Monday. The session witnessed some solid buying in blue-chips such as HDFC, Bharti Airtel, Axis Bank, Reliance Industries (RIL), and IndusInd Bank. On the global front, news reports that China and the United States were ‘very close’ to a phase one trade deal, boosted investor sentiment further.
At close, the S&P BSE Sensex stood at 40,889, up 530 points or 1.31 per cent. During the day, the index hit an all-time high of 40,931.71 levels. Bharti Airtel (up 7 per cent) emerged as the top gainer on the index while ONGC (down over 2 per cent) was the biggest loser.
Market breadth was in favour of buyers as out of 2,707 companies traded on the BSE, 1,418 advanced and 1,083 declined while 206 scrips remained unchanged.
NSE's Nifty50 index ended at 12,079, up 165 points or 1.38 per cent.
Broader market, too, participated in Monday's rally. The Nifty Midcap 100 index ended over a per cent higher at 17,055 levels while the Nifty Smallcap 100 pack gained 0.70 per cent to close at 5,741 levels.
Sectorally, all but media stocks ended in the green. Metal stocks rallied the most on renewed hopes of positive developments in US-China trade talks. The Nifty Metal index climbed over 3 per cent to 2,599 levels. Auto and Pharma stocks were next on the list. On the downside, Nifty Media index slipped over 1.50 per cent to 1,946 levels.
BUZZING STOCKS
Shares of State Bank of India (SBI) hit an over three-month high of Rs 336, up over 2 per cent on the BSE. In the past nine trading days, SBI has outperformed the market by gaining 9 per cent after the Supreme Court judgement on Essar Steel resolution came in favor of financial creditors on November 15, 2019. READ MORE
Shares of Ashoka Buildcon zoomed 11.5 per cent to Rs 104.05 apiece during the day on the BSEc after the company's subsidiary bagged a project worth Rs 1,000 crore in the state of Telangana. Shares ened at Rs 96.45, up nearly 3.50 per cent. READ MORE
Shares of Adani Green Energy (AGEL) hit a new high of Rs 115, up 7 per cent on the BSE on the back of heavy volumes. The stock had rallied 10 per cent on Friday. READ MORE
GLOBAL MARKETS
World shares staged a cautious rally on Monday as investors held out for some progress in US-China trade talks, while the dollar dipped after its latest rally on the back of strong US economic data. The MSCI All-Country World Index, which tracks shares across 47 countries, was up 0.2 per cent. In Asia, MSCI’s broadest index of
Asia-Pacific shares outside Japan bounced 0.7 per cent, after losing 0.4 per cent last week. Japan’s Nikkei firmed 0.7 per cent, while Australian stocks rose 0.5 per cent and Shanghai blue chips 0.3 per cent.
European shares rose for the second straight session following reports that Washington and Beijing were nearing a trade agreement. The pan-European index was up 0.7 per cent till the time of writing of this report, led by trade-sensitive miners. E-Mini futures for the S&P 500 added 0.2 per cent.
In commodities, oil prices gained on US-China trade talks optimism.
(With inputs from Reuters)
CATCH ALL THE LIVE UPDATES
Auto Refresh
03:44 PM
Nifty snapshot
Across-the-board buying lifts sentiment
03:36 PM
Bharti Airtel, Tata Steel, Maruti among top gainers
03:36 PM
Sensex ends over 500 points higher
03:35 PM
CLOSING BELL
The S&P BSE Sensex advanced 530 points or over 1 per cent to settle at 40,889 while NSE's Nifty50 index ended at 12,079, up 165 points or 1.38 per cent.
03:16 PM
MARKET CHECK | Sensex hits 40,900
03:00 PM
Index Contributors at this hour
02:48 PM
BROKERAGE RADAR | MOFSL on Trent
CMP: Rs 504
TP: Rs 605 (+20%)
Reco: Buy
While Trent is richly valued, we believe that Zudio’s high growth and profitability potential can help sustain these valuations. Maintain Buy with TP of Rs 605/share.
02:48 PM
Indiabulls Housing Finance zooms 7%
02:41 PM
BUZZING STOCK:: Unichem Labs surges 12%
02:35 PM
NEWS ALERT | Govt of Singapore buys stake in ZEEL: CNBC TV18
-- GIC on account of Government of Singapore & Monetary Authority of Singapore buy additional 2.96% equity in Zee Ent on November 21
02:32 PM
Stocks that hit 52-week high on S&P BSE Sensex
COMPANY PRICE(RS) 52 WK HIGH CHG(RS) CHG(%)
AAVAS FINANCIERS 1726.90 1750.00 2.50 0.14
ADANI ENTERP. 214.75 215.55 11.15 5.48
ADANI GREEN 113.10 117.00 6.50 6.10
DLF 219.70 226.40 3.15 1.45
ORIENT ELECTRIC 197.00 205.00 9.15 4.87
» More on 52 Week High
02:22 PM
Heatmap: S&P BSE Sensex
02:07 PM
Sensex extends gains, zooms over 500 pts now
02:04 PM
Most active stocks by volume
COMPANY PRICE(RS) CHG(RS) CHG(%) VOLUME
VODAFONE IDEA 6.80 0.24 3.66 52490235
YES BANK 62.75 -2.05 -3.16 8717412
RELIANCE POWER 3.67 0.17 4.86 4250114
ERIS LIFESCIENCE 431.25 17.00 4.10 3869431
SUZLON ENERGY 2.36 0.00 0.00 2980103
» More on Most Active Volume
01:55 PM
SBI hits over three-month high, surges 37% from October lows
Shares of State Bank of India (SBI) hit an over three-month high of Rs 335, up 2 per cent on the BSE on Monday. The stock of the state-owned bank was trading at its highest level since July 30, 2019. In the past nine trading days, SBI has outperformed the market by gaining 9 per cent after the Supreme Court judgement on Essar Steel resolution came in favor of financial creditors on November 15, 2019. READ MORE
SBI plans to mop up Rs 5,000-crore debt capital via tier-II bonds
01:46 PM
NEWS ALERT | Have 21 days to reply to SEBI: Karvy Group chairman on CNBC TV18
01:40 PM
Sensex hits fresh high
01:37 PM
Market check
01:26 PM
Nifty sectoral indices at this hour
01:13 PM
CSB IPO: Issue subscribed 2.26 times so far on Day 2
01:07 PM
BUZZING STOCK:: Bharti Infratel climbs over 5%
12:55 PM
Sensex can scale higher of it breaches 40,800; bank stocks likely to shine
S&P BSE SENSEX: The index may consolidate in the range of 40,000 and 40,800 and then gain further gorund. The daily chart shows buying around 40,200. If this level holds, then a further upside looks certain. Although, MACD trades with a negative crossover, the charts do not indicate any major weakness as of now. READ MORE
bull market, sensex, nifty, share
12:45 PM
NEWS ALERT | Fin Min to Parliament on PMC Bank case
-- Bank had disclosed exposure of Rs 439.6 crore out of Rs 6,226 crore to HDIL
-- Exposure to HDIL was misreported to RBI
-- Forensic auditors appointed to look into the case
12:38 PM
Analysts see more headroom for quality real estate stocks
Real estate sector has been a surprise performer in calendar year 2019 (CY19) at a time when the most players in the segment had been, over the years, saddled with unsold inventory and liquidity issues. The Nifty Realty index has been an outperformer, rallying 19 per cent thus far in CY19, as compared to 10 per cent rise in the Nifty50. READ MORE
construction, realty sector, flats, NCLT, IBC, Housing
12:33 PM
India's economic growth to weaken in second half of FY19, says DBS Bank
India's economic growth is expected to slow further in the second half of the year, Singapore's DBS Bank said on Monday.
"Real GDP is likely to print 4.3 per cent YoY in 3Q vs 2Q's 5 per cent, nearing the trough for this cycle," DBS said in its daily economic report.
Weakness in the crucial consumption sector is likely to be extended into the quarter along with tepid private sector activity. READ REPORT HERE
12:22 PM
Auto stocks gain
COMPANY NAME LATEST HIGH LOW CHG
(RS) CHG(%)
TATA MOTORS-DVR 74.75 75.30 73.10 0.30 0.40
TATA MOTORS 163.30 164.05 160.00 1.00 0.62
ASHOK LEYLAND 82.05 82.55 81.40 0.75 0.92
M & M 548.30 552.75 547.00 2.40 0.44
TVS MOTOR CO. 449.85 452.00 442.55 7.25 1.64
MARUTI SUZUKI 7206.50 7213.55 7043.90 148.90 2.11
ESCORTS 657.75 658.65 648.20 9.75 1.50
HERO MOTOCORP 2469.35 2471.00 2430.00 29.20 1.20
HIND.MOTORS 5.80 5.95 5.61 0.15 2.65
BAJAJ AUTO 3157.00 3160.25 3119.25 4.20 0.13
12:15 PM
Oil check
Oil prices rose on Monday as positive noises from Washington over the weekend rekindled hopes in global markets that the United States and China could soon sign an interim deal to end their bitter trade war.
West Texas Intermediate (WTI) crude rose 18 cents, or 0.31 per cent to $57.95 a barrel, having ended last week little changed after tracking ups and downs in the trade talks process. Brent crude futures were at $63.66, up 27 cents or 0.43 per cent, the benchmark having also finished little changed last week.
Interim Budget 2019: FM has cheap crude oil to thank for his fiscal record
12:05 PM
Rupee trading near day's high
11:59 AM
DoT sets up committee to examine the impact of telecom tariff hikes
The Department of Telecommunications (DoT) has set up an internal committee to examine the impact of the increase in tariff hikes that Vodafone Idea, Bharti Airtel, and Reliance Jio have announced and will come into effect on December 1.
It is learnt that even though the subject is under forbearance (meaning market forces to operate), the government may intervene if the rise is ‘exorbitant’. The committee was set up after the companies announced their decision to raise tariffs. READ MORE
11:46 AM
Maruti Suzuki up 1%
At close, the S&P BSE Sensex stood at 40,889, up 530 points or 1.31 per cent. During the day, the index hit an all-time high of 40,931.71 levels. Bharti Airtel (up 7 per cent) emerged as the top gainer on the index while ONGC (down over 2 per cent) was the biggest loser.
Market breadth was in favour of buyers as out of 2,707 companies traded on the BSE, 1,418 advanced and 1,083 declined while 206 scrips remained unchanged.
NSE's Nifty50 index ended at 12,079, up 165 points or 1.38 per cent.
Broader market, too, participated in Monday's rally. The Nifty Midcap 100 index ended over a per cent higher at 17,055 levels while the Nifty Smallcap 100 pack gained 0.70 per cent to close at 5,741 levels.
Sectorally, all but media stocks ended in the green. Metal stocks rallied the most on renewed hopes of positive developments in US-China trade talks. The Nifty Metal index climbed over 3 per cent to 2,599 levels. Auto and Pharma stocks were next on the list. On the downside, Nifty Media index slipped over 1.50 per cent to 1,946 levels.
BUZZING STOCKS
Shares of State Bank of India (SBI) hit an over three-month high of Rs 336, up over 2 per cent on the BSE. In the past nine trading days, SBI has outperformed the market by gaining 9 per cent after the Supreme Court judgement on Essar Steel resolution came in favor of financial creditors on November 15, 2019. READ MORE
Shares of Ashoka Buildcon zoomed 11.5 per cent to Rs 104.05 apiece during the day on the BSEc after the company's subsidiary bagged a project worth Rs 1,000 crore in the state of Telangana. Shares ened at Rs 96.45, up nearly 3.50 per cent. READ MORE
Shares of Adani Green Energy (AGEL) hit a new high of Rs 115, up 7 per cent on the BSE on the back of heavy volumes. The stock had rallied 10 per cent on Friday. READ MORE
GLOBAL MARKETS
World shares staged a cautious rally on Monday as investors held out for some progress in US-China trade talks, while the dollar dipped after its latest rally on the back of strong US economic data. The MSCI All-Country World Index, which tracks shares across 47 countries, was up 0.2 per cent. In Asia, MSCI’s broadest index of
Asia-Pacific shares outside Japan bounced 0.7 per cent, after losing 0.4 per cent last week. Japan’s Nikkei firmed 0.7 per cent, while Australian stocks rose 0.5 per cent and Shanghai blue chips 0.3 per cent.
European shares rose for the second straight session following reports that Washington and Beijing were nearing a trade agreement. The pan-European index was up 0.7 per cent till the time of writing of this report, led by trade-sensitive miners. E-Mini futures for the S&P 500 added 0.2 per cent.
In commodities, oil prices gained on US-China trade talks optimism.
(With inputs from Reuters)
CATCH ALL THE LIVE UPDATES
Auto Refresh
03:44 PM
Nifty snapshot
Across-the-board buying lifts sentiment
03:36 PM
Bharti Airtel, Tata Steel, Maruti among top gainers
03:36 PM
Sensex ends over 500 points higher
03:35 PM
CLOSING BELL
The S&P BSE Sensex advanced 530 points or over 1 per cent to settle at 40,889 while NSE's Nifty50 index ended at 12,079, up 165 points or 1.38 per cent.
03:16 PM
MARKET CHECK | Sensex hits 40,900
03:00 PM
Index Contributors at this hour
02:48 PM
BROKERAGE RADAR | MOFSL on Trent
CMP: Rs 504
TP: Rs 605 (+20%)
Reco: Buy
While Trent is richly valued, we believe that Zudio’s high growth and profitability potential can help sustain these valuations. Maintain Buy with TP of Rs 605/share.
02:48 PM
Indiabulls Housing Finance zooms 7%
02:41 PM
BUZZING STOCK:: Unichem Labs surges 12%
02:35 PM
NEWS ALERT | Govt of Singapore buys stake in ZEEL: CNBC TV18
-- GIC on account of Government of Singapore & Monetary Authority of Singapore buy additional 2.96% equity in Zee Ent on November 21
02:32 PM
Stocks that hit 52-week high on S&P BSE Sensex
COMPANY PRICE(RS) 52 WK HIGH CHG(RS) CHG(%)
AAVAS FINANCIERS 1726.90 1750.00 2.50 0.14
ADANI ENTERP. 214.75 215.55 11.15 5.48
ADANI GREEN 113.10 117.00 6.50 6.10
DLF 219.70 226.40 3.15 1.45
ORIENT ELECTRIC 197.00 205.00 9.15 4.87
» More on 52 Week High
02:22 PM
Heatmap: S&P BSE Sensex
02:07 PM
Sensex extends gains, zooms over 500 pts now
02:04 PM
Most active stocks by volume
COMPANY PRICE(RS) CHG(RS) CHG(%) VOLUME
VODAFONE IDEA 6.80 0.24 3.66 52490235
YES BANK 62.75 -2.05 -3.16 8717412
RELIANCE POWER 3.67 0.17 4.86 4250114
ERIS LIFESCIENCE 431.25 17.00 4.10 3869431
SUZLON ENERGY 2.36 0.00 0.00 2980103
» More on Most Active Volume
01:55 PM
SBI hits over three-month high, surges 37% from October lows
Shares of State Bank of India (SBI) hit an over three-month high of Rs 335, up 2 per cent on the BSE on Monday. The stock of the state-owned bank was trading at its highest level since July 30, 2019. In the past nine trading days, SBI has outperformed the market by gaining 9 per cent after the Supreme Court judgement on Essar Steel resolution came in favor of financial creditors on November 15, 2019. READ MORE
SBI plans to mop up Rs 5,000-crore debt capital via tier-II bonds
01:46 PM
NEWS ALERT | Have 21 days to reply to SEBI: Karvy Group chairman on CNBC TV18
01:40 PM
Sensex hits fresh high
01:37 PM
Market check
01:26 PM
Nifty sectoral indices at this hour
01:13 PM
CSB IPO: Issue subscribed 2.26 times so far on Day 2
01:07 PM
BUZZING STOCK:: Bharti Infratel climbs over 5%
12:55 PM
Sensex can scale higher of it breaches 40,800; bank stocks likely to shine
S&P BSE SENSEX: The index may consolidate in the range of 40,000 and 40,800 and then gain further gorund. The daily chart shows buying around 40,200. If this level holds, then a further upside looks certain. Although, MACD trades with a negative crossover, the charts do not indicate any major weakness as of now. READ MORE
bull market, sensex, nifty, share
12:45 PM
NEWS ALERT | Fin Min to Parliament on PMC Bank case
-- Bank had disclosed exposure of Rs 439.6 crore out of Rs 6,226 crore to HDIL
-- Exposure to HDIL was misreported to RBI
-- Forensic auditors appointed to look into the case
12:38 PM
Analysts see more headroom for quality real estate stocks
Real estate sector has been a surprise performer in calendar year 2019 (CY19) at a time when the most players in the segment had been, over the years, saddled with unsold inventory and liquidity issues. The Nifty Realty index has been an outperformer, rallying 19 per cent thus far in CY19, as compared to 10 per cent rise in the Nifty50. READ MORE
construction, realty sector, flats, NCLT, IBC, Housing
12:33 PM
India's economic growth to weaken in second half of FY19, says DBS Bank
India's economic growth is expected to slow further in the second half of the year, Singapore's DBS Bank said on Monday.
"Real GDP is likely to print 4.3 per cent YoY in 3Q vs 2Q's 5 per cent, nearing the trough for this cycle," DBS said in its daily economic report.
Weakness in the crucial consumption sector is likely to be extended into the quarter along with tepid private sector activity. READ REPORT HERE
12:22 PM
Auto stocks gain
COMPANY NAME LATEST HIGH LOW CHG
(RS) CHG(%)
TATA MOTORS-DVR 74.75 75.30 73.10 0.30 0.40
TATA MOTORS 163.30 164.05 160.00 1.00 0.62
ASHOK LEYLAND 82.05 82.55 81.40 0.75 0.92
M & M 548.30 552.75 547.00 2.40 0.44
TVS MOTOR CO. 449.85 452.00 442.55 7.25 1.64
MARUTI SUZUKI 7206.50 7213.55 7043.90 148.90 2.11
ESCORTS 657.75 658.65 648.20 9.75 1.50
HERO MOTOCORP 2469.35 2471.00 2430.00 29.20 1.20
HIND.MOTORS 5.80 5.95 5.61 0.15 2.65
BAJAJ AUTO 3157.00 3160.25 3119.25 4.20 0.13
12:15 PM
Oil check
Oil prices rose on Monday as positive noises from Washington over the weekend rekindled hopes in global markets that the United States and China could soon sign an interim deal to end their bitter trade war.
West Texas Intermediate (WTI) crude rose 18 cents, or 0.31 per cent to $57.95 a barrel, having ended last week little changed after tracking ups and downs in the trade talks process. Brent crude futures were at $63.66, up 27 cents or 0.43 per cent, the benchmark having also finished little changed last week.
Interim Budget 2019: FM has cheap crude oil to thank for his fiscal record
12:05 PM
Rupee trading near day's high
11:59 AM
DoT sets up committee to examine the impact of telecom tariff hikes
The Department of Telecommunications (DoT) has set up an internal committee to examine the impact of the increase in tariff hikes that Vodafone Idea, Bharti Airtel, and Reliance Jio have announced and will come into effect on December 1.
It is learnt that even though the subject is under forbearance (meaning market forces to operate), the government may intervene if the rise is ‘exorbitant’. The committee was set up after the companies announced their decision to raise tariffs. READ MORE
11:46 AM
Maruti Suzuki up 1%
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