Representative image
Benchmark indices Sensex and Nifty hit new closing highs on Monday, lifted by gains in heavyweights such as the HDFC twins and Reliance Industries, as fall in crude oil prices and hope of rate cut by the RBI's Monetary Policy Committee (MPC) to arrest growth slowdown lifted investor sentiment.
The fourth-quarter growth numbers have forced many analysts to weigh in on a definite rate cut at Thursday’s monetary policy review, a Business Standard report said. READ THE FULL REPORT HERE
The indices also hit their respective fresh all-time highs in intra-day trading, with Sensex touching the 40,308.90 level and Nifty at 12,103.05.
The benchmark S&P BSE Sensex closed 553 points higher at 40,268 levels, with Hero MotoCorp, Bajaj Auto, IndusInd Bank, Asian Paints, and Hindustan Unilever leading the list of gainers. Out of the 30 BSE constituents, only ITC, NTPC, and ICICI Bank ended the day in the red. The market breadth, however, was in declines, as out of the 2,769 companies traded on the BSE, 1,193 advanced, 1,416 declined, and 160 remained unchaged.
The broader Nifty50 index ended the day 166 points, or 1.39 per cent, higher at 12,089 levels.
Among sectoral indices, only Nifty Media ended Monday's session with losses, with Nifty Auto, Nfity Fin Service, Nifty FMCG, Nifty IT, and Nifty Metal, all gaining over 1 per cent.
In the broader market, the S&P BSE MidCap index rose 136 points, or 0.9 per cent, to end the day around 15,232 levels, while the S&P BSE SmallCap index gained 71 points, or 0.48 per cent, to settle at 14,938 levels.
BUZZING STOCKS
Shares of Hero MotoCorp (HMCL) rose 6.01 per cent to Rs 2842.5 on the BSE on Monday after the company reported a 13.5 per cent rise in sales to 652,028 units in May over the previous month. The company had sold 574,366 units in April 2019, it said in a BSE filing. READ MORE
Shares of aviation companies were in focus after they rallied up to nearly 8 per cent on the BSE during the early morning trade on Monday. Heavy volumes of shares were being traded at the bourses after Indian Oil Corporation slashed Aviation Turbine Fuel (ATF) price, which makes up 40 per cent of an airline's cost structure, for the first time in the past five months. READ MORE
Shares of Apollo Hospitals Enterprises surged 9.71 per cent to Rs 1,360 on the BSE on Monday, after the company reported a more-than-doubled consolidated net profit at Rs 84.4 crore in March quarter (Q4FY19). The Chennai-based hospital chain had posted a profit of Rs 23.8 crore in the year-ago quarter. READ MORE
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04:00 PM
Stocks that hit 52-week high on S&P BSE Sensex
COMPANY PRICE(RS) 52 WK HIGH CHG(RS) CHG(%)
ASTRAL POLY 1330.00 1349.00 8.40 0.64
ATUL 3996.20 4090.00 -50.85 -1.26
BAJAJ FINSERV 8335.00 8350.00 155.15 1.90
BLUE STAR 798.00 812.00 -8.30 -1.03
CENTURY TEXTILES 1065.95 1066.55 42.55 4.16
» More on 52 Week High
03:59 PM
Top gainers on BSE500
COMPANY PRICE(RS) CHG(RS) CHG(%) VOLUME
INFO EDG.(INDIA) 2283.00 243.50 11.94 48462
APOLLO HOSPITALS 1356.20 116.60 9.41 265387
PAGE INDUSTRIES 20950.00 1262.40 6.41 5776
CAPLIN POINT LAB 430.35 25.70 6.35 12402
INDIABULLS VENT. 313.00 18.05 6.12 213451
» More on Top Gainers
03:58 PM
Heatmap: S&P BSE Sensex
03:58 PM
Nifty sectoral indices at close
03:57 PM
Market at close
03:37 PM
Market at close
The S&P BSE Sensex ended at 40,268, up 553 points while the broader Nifty50 index settled at 12,089, up 166 points.
03:17 PM
Info Edge zooms 13%
02:58 PM
Page Industries gains over 6%
02:58 PM
NEWS ALERT | Gold prices hit two-month high on recession concerns: Reuters
- Spot gold was up 0.7% at $1,314.11 per ounce at 1:15 pm, after touching its highest since March 27 at $1,314.33.
- US gold futures rose 0.6% to $1,319.40 an ounce.
- Gold prices rose on Monday to their highest in more than two months as heightened Sino-U.S. trade tensions and Washington’s threat of tariffs on Mexico stoked worries of a global recession.
02:56 PM
Triveni Engineering & Industries is trading over 9% higher
02:54 PM
NEWS ALERT | Triveni Engg board approves share buyback for up to 1 cr shares: CNBC TV18
- Price of each share at Rs 100
02:45 PM
NEWS ALERT | Look to start India-specific index for Broadband: Ravi Shankar Prasad
- Will start trial within 100 days.
- Also plan to start 1 lakh digital villages
(As reported by CNBC TV18)
02:44 PM
Adani Gas, Gujarat Gas, IGL ride strong Q4 earnings to hit record highs
Shares of gas distribution companies – Adani Gas, Gujarat Gas Company and Indraprastha Gas (IGL) – hit their respective record highs on the BSE on Monday, after reporting strong earnings in March quarter (Q4FY19). Adani Gas rallied 9 per cent intra-day to quote Rs 180 apiece during the afternoon session, extending its previous week’s gaining streak of 21 per cent. The Gautam Adani-led city gas distribution (CGD) company logged a 91 per cent year-on-year (Y-o-Y) growth in consolidated net profit at Rs 75.75 crore in Q4FY19 from Rs 39.65 crore in previous year quarter. READ MORE
India to get investment of around Rs 1.1 trillion in city gas distribution
02:42 PM
Over 6,800 cases of bank fraud involving Rs 71,500 crore in 2018-19: RBI
As many as 6,801 cases of fraud were reported by scheduled commercial banks and select financial institutions involving an amount of Rs 71,542.93 crore in the last fiscal (increase of over 73 per cent in the fraud amount), the Reserve Bank of India (RBI) said in reply to an RTI query filed by this PTI journalist.
In the last 11 fiscal years, a total of 53,334 cases of fraud were reported by banks involving a massive amount of Rs 2.05 lakh crore, the central bank's data said. READ MORE
02:36 PM
Market breadth in favour of advance
02:35 PM
Market check | Sensex surges 500 pts
02:27 PM
Reliance Industries rises 1.6%
02:25 PM
NEWS ALERT | RBI approves appointment of Rakesh Makhija as non-executive chairman of Axis Bank, reports CNBC TV18
02:25 PM
Crude extends losses; WTI drops over 1%
Image credit: oilprice.com
02:08 PM
NEWS ALERT | Sensex, Nifty hit fresh all-time highs of 40,140.27 and 12,050, respectively
02:00 PM
HDFC Securities on Lemon Tree Hotels
CMP: Rs 74
Target Price: Rs 72
Rating: Neutral
Healthy room growth, geographic diversion and improving mix of keys in demand dense higher ARR markets to drive strong growth. Led by the above factors, EBITDA is set to triple over FY19-23E from Rs 1.7bn to ~Rs 5bn. That said LTHL’s rich valuation at 30/24 x FY20/21E EV/EBITDA leaves limited margin of safety. Valuation would look more expensive on proportionate ownership basis in subsidiaries (~75%).
01:57 PM
Anand Rathi on Ahluwalia Contracts (India)
Factoring in the delays in timelines for the Charbagh railway re-development and the Kolkata-seater-extension projects, we lower our estimates. We also factor in the real-estate-inventory liquidation at below book value. Consequently, our FY20e earnings are down ~12% (and ~3% for FY21). At the CMP, the stock trades at PER (excl. the Kota asset) at 15.7x FY20e and 12.8x FY21e. Risk: Any slower-than-expected project execution.
01:49 PM
NEWS ALERT | 5 lakh WiFi spots will be established on fast track basis: Ravi Shankar Prasad
01:47 PM
NEWS ALERT | Want to hold telecom spectrum auction by December end: Ravi Shankar Prasad, telecom minister
01:43 PM
With enough cash in hand, SpiceJet may evaluate 'several offers' for stake
“SpiceJet has enough cash,” Ajay Singh said in an interview, while attending an industry conference in Seoul. “We have to see if this serves SpiceJet’s long-term interests, and when we come to that determination, we’ll do something. These are typical in a situation when an airline is doing well and the market is as promising as India.” READ MORE
01:38 PM
Hero MotoCorp gains over 5%
01:35 PM
Modi's victory in Lok Sabha polls makes rupee double-edged sword for RBI
The rupee could be set to gain as Prime Minister Narendra Modi’s sweeping election victory boosts foreign inflows. That may present a dilemma for India’s central bank, analysts said.
The rupee is emerging Asia’s top performer in the past three months, thanks to the gush of foreign cash. With inflows poised to accelerate after the election result, the Reserve Bank of India may have to rein in the currency or risk making the nation’s exports less competitive as rival currencies weaken. READ MORE
01:29 PM
TTML zooms 71% in one week on Q4 profit, fundraising plan of Rs 35K crore
Shares of Tata Teleservices (Maharashtra) (TTML) were locked in the upper circuit for second straight session on Monday, having jumped 10 per cent intra-day to hit Rs 4.57 apiece. It has surged 71 per cent in the past one week on the BSE after the company reported net profit of Rs 580 crore in March quarter (Q4FY19) against a net loss of Rs 680 crore last year.
The company also reported an exceptional gain of Rs 510 crores on partial reversal of impairment, recorded during the previous year. READ MORE
01:26 PM
Bank of Baroda falls over 2.5%
01:22 PM
NEWS ALERT | Govt needs to aggressively push for economy revival: CII to CNBC TV18
Benchmark indices Sensex and Nifty hit new closing highs on Monday, lifted by gains in heavyweights such as the HDFC twins and Reliance Industries, as fall in crude oil prices and hope of rate cut by the RBI's Monetary Policy Committee (MPC) to arrest growth slowdown lifted investor sentiment.
The fourth-quarter growth numbers have forced many analysts to weigh in on a definite rate cut at Thursday’s monetary policy review, a Business Standard report said. READ THE FULL REPORT HERE
The indices also hit their respective fresh all-time highs in intra-day trading, with Sensex touching the 40,308.90 level and Nifty at 12,103.05.
The benchmark S&P BSE Sensex closed 553 points higher at 40,268 levels, with Hero MotoCorp, Bajaj Auto, IndusInd Bank, Asian Paints, and Hindustan Unilever leading the list of gainers. Out of the 30 BSE constituents, only ITC, NTPC, and ICICI Bank ended the day in the red. The market breadth, however, was in declines, as out of the 2,769 companies traded on the BSE, 1,193 advanced, 1,416 declined, and 160 remained unchaged.
The broader Nifty50 index ended the day 166 points, or 1.39 per cent, higher at 12,089 levels.
Among sectoral indices, only Nifty Media ended Monday's session with losses, with Nifty Auto, Nfity Fin Service, Nifty FMCG, Nifty IT, and Nifty Metal, all gaining over 1 per cent.
In the broader market, the S&P BSE MidCap index rose 136 points, or 0.9 per cent, to end the day around 15,232 levels, while the S&P BSE SmallCap index gained 71 points, or 0.48 per cent, to settle at 14,938 levels.
BUZZING STOCKS
Shares of Hero MotoCorp (HMCL) rose 6.01 per cent to Rs 2842.5 on the BSE on Monday after the company reported a 13.5 per cent rise in sales to 652,028 units in May over the previous month. The company had sold 574,366 units in April 2019, it said in a BSE filing. READ MORE
Shares of aviation companies were in focus after they rallied up to nearly 8 per cent on the BSE during the early morning trade on Monday. Heavy volumes of shares were being traded at the bourses after Indian Oil Corporation slashed Aviation Turbine Fuel (ATF) price, which makes up 40 per cent of an airline's cost structure, for the first time in the past five months. READ MORE
Shares of Apollo Hospitals Enterprises surged 9.71 per cent to Rs 1,360 on the BSE on Monday, after the company reported a more-than-doubled consolidated net profit at Rs 84.4 crore in March quarter (Q4FY19). The Chennai-based hospital chain had posted a profit of Rs 23.8 crore in the year-ago quarter. READ MORE
CATCH ALL THE LIVE UPDATES
Auto Refresh
04:00 PM
Stocks that hit 52-week high on S&P BSE Sensex
COMPANY PRICE(RS) 52 WK HIGH CHG(RS) CHG(%)
ASTRAL POLY 1330.00 1349.00 8.40 0.64
ATUL 3996.20 4090.00 -50.85 -1.26
BAJAJ FINSERV 8335.00 8350.00 155.15 1.90
BLUE STAR 798.00 812.00 -8.30 -1.03
CENTURY TEXTILES 1065.95 1066.55 42.55 4.16
» More on 52 Week High
03:59 PM
Top gainers on BSE500
COMPANY PRICE(RS) CHG(RS) CHG(%) VOLUME
INFO EDG.(INDIA) 2283.00 243.50 11.94 48462
APOLLO HOSPITALS 1356.20 116.60 9.41 265387
PAGE INDUSTRIES 20950.00 1262.40 6.41 5776
CAPLIN POINT LAB 430.35 25.70 6.35 12402
INDIABULLS VENT. 313.00 18.05 6.12 213451
» More on Top Gainers
03:58 PM
Heatmap: S&P BSE Sensex
03:58 PM
Nifty sectoral indices at close
03:57 PM
Market at close
03:37 PM
Market at close
The S&P BSE Sensex ended at 40,268, up 553 points while the broader Nifty50 index settled at 12,089, up 166 points.
03:17 PM
Info Edge zooms 13%
02:58 PM
Page Industries gains over 6%
02:58 PM
NEWS ALERT | Gold prices hit two-month high on recession concerns: Reuters
- Spot gold was up 0.7% at $1,314.11 per ounce at 1:15 pm, after touching its highest since March 27 at $1,314.33.
- US gold futures rose 0.6% to $1,319.40 an ounce.
- Gold prices rose on Monday to their highest in more than two months as heightened Sino-U.S. trade tensions and Washington’s threat of tariffs on Mexico stoked worries of a global recession.
02:56 PM
Triveni Engineering & Industries is trading over 9% higher
02:54 PM
NEWS ALERT | Triveni Engg board approves share buyback for up to 1 cr shares: CNBC TV18
- Price of each share at Rs 100
02:45 PM
NEWS ALERT | Look to start India-specific index for Broadband: Ravi Shankar Prasad
- Will start trial within 100 days.
- Also plan to start 1 lakh digital villages
(As reported by CNBC TV18)
02:44 PM
Adani Gas, Gujarat Gas, IGL ride strong Q4 earnings to hit record highs
Shares of gas distribution companies – Adani Gas, Gujarat Gas Company and Indraprastha Gas (IGL) – hit their respective record highs on the BSE on Monday, after reporting strong earnings in March quarter (Q4FY19). Adani Gas rallied 9 per cent intra-day to quote Rs 180 apiece during the afternoon session, extending its previous week’s gaining streak of 21 per cent. The Gautam Adani-led city gas distribution (CGD) company logged a 91 per cent year-on-year (Y-o-Y) growth in consolidated net profit at Rs 75.75 crore in Q4FY19 from Rs 39.65 crore in previous year quarter. READ MORE
India to get investment of around Rs 1.1 trillion in city gas distribution
02:42 PM
Over 6,800 cases of bank fraud involving Rs 71,500 crore in 2018-19: RBI
As many as 6,801 cases of fraud were reported by scheduled commercial banks and select financial institutions involving an amount of Rs 71,542.93 crore in the last fiscal (increase of over 73 per cent in the fraud amount), the Reserve Bank of India (RBI) said in reply to an RTI query filed by this PTI journalist.
In the last 11 fiscal years, a total of 53,334 cases of fraud were reported by banks involving a massive amount of Rs 2.05 lakh crore, the central bank's data said. READ MORE
02:36 PM
Market breadth in favour of advance
02:35 PM
Market check | Sensex surges 500 pts
02:27 PM
Reliance Industries rises 1.6%
02:25 PM
NEWS ALERT | RBI approves appointment of Rakesh Makhija as non-executive chairman of Axis Bank, reports CNBC TV18
02:25 PM
Crude extends losses; WTI drops over 1%
Image credit: oilprice.com
02:08 PM
NEWS ALERT | Sensex, Nifty hit fresh all-time highs of 40,140.27 and 12,050, respectively
02:00 PM
HDFC Securities on Lemon Tree Hotels
CMP: Rs 74
Target Price: Rs 72
Rating: Neutral
Healthy room growth, geographic diversion and improving mix of keys in demand dense higher ARR markets to drive strong growth. Led by the above factors, EBITDA is set to triple over FY19-23E from Rs 1.7bn to ~Rs 5bn. That said LTHL’s rich valuation at 30/24 x FY20/21E EV/EBITDA leaves limited margin of safety. Valuation would look more expensive on proportionate ownership basis in subsidiaries (~75%).
01:57 PM
Anand Rathi on Ahluwalia Contracts (India)
Factoring in the delays in timelines for the Charbagh railway re-development and the Kolkata-seater-extension projects, we lower our estimates. We also factor in the real-estate-inventory liquidation at below book value. Consequently, our FY20e earnings are down ~12% (and ~3% for FY21). At the CMP, the stock trades at PER (excl. the Kota asset) at 15.7x FY20e and 12.8x FY21e. Risk: Any slower-than-expected project execution.
01:49 PM
NEWS ALERT | 5 lakh WiFi spots will be established on fast track basis: Ravi Shankar Prasad
01:47 PM
NEWS ALERT | Want to hold telecom spectrum auction by December end: Ravi Shankar Prasad, telecom minister
01:43 PM
With enough cash in hand, SpiceJet may evaluate 'several offers' for stake
“SpiceJet has enough cash,” Ajay Singh said in an interview, while attending an industry conference in Seoul. “We have to see if this serves SpiceJet’s long-term interests, and when we come to that determination, we’ll do something. These are typical in a situation when an airline is doing well and the market is as promising as India.” READ MORE
01:38 PM
Hero MotoCorp gains over 5%
01:35 PM
Modi's victory in Lok Sabha polls makes rupee double-edged sword for RBI
The rupee could be set to gain as Prime Minister Narendra Modi’s sweeping election victory boosts foreign inflows. That may present a dilemma for India’s central bank, analysts said.
The rupee is emerging Asia’s top performer in the past three months, thanks to the gush of foreign cash. With inflows poised to accelerate after the election result, the Reserve Bank of India may have to rein in the currency or risk making the nation’s exports less competitive as rival currencies weaken. READ MORE
01:29 PM
TTML zooms 71% in one week on Q4 profit, fundraising plan of Rs 35K crore
Shares of Tata Teleservices (Maharashtra) (TTML) were locked in the upper circuit for second straight session on Monday, having jumped 10 per cent intra-day to hit Rs 4.57 apiece. It has surged 71 per cent in the past one week on the BSE after the company reported net profit of Rs 580 crore in March quarter (Q4FY19) against a net loss of Rs 680 crore last year.
The company also reported an exceptional gain of Rs 510 crores on partial reversal of impairment, recorded during the previous year. READ MORE
01:26 PM
Bank of Baroda falls over 2.5%
01:22 PM
NEWS ALERT | Govt needs to aggressively push for economy revival: CII to CNBC TV18
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