Don’t miss the latest developments in business and finance.

MARKET WRAP: Sensex ends at record closing high, up 137 pts; HDFC gains 2%

All that happened in markets today.

SI Reporter New Dehi
Investors react as they watch the stock prices on a digital screen, at BSE building in Mumbai, Friday, Sept. 20, 2019. Sensex surges 1,921.15 pts to end at 38,014.62; Nifty zooms past 11,200 after Finance Minister Nirmala Sitharaman announced a slew

3 min read Last Updated : Nov 04 2019 | 4:08 PM IST

Key Events

3:52 PM

Most auto stocks end weak

3:51 PM

Nifty snapshot

3:50 PM

Contribution to Sensex today

3:49 PM

Sensex heat map :: Infosys, HDFC among top gainers

3:37 PM

CLOSING BELL

The S&P BSE Sensex ended 137 pts or 0.34 per cent higher at 40,302 while NSE's Nifty50 index ended at 11,945, up 54.55 points or 0.46 per cent. 

3:25 PM

NEWS ALERT | JSPL bids highest for Gare Palma IV/1 At Rs 230/t Vs reserve price of Rs 150/t

3:16 PM

Cadila Healthcare dips 8% as USFDA issues warning letter for Moraiya plant

Shares of Cadila Healthcare slipped 8 per cent to Rs 234 on the BSE in the intra-day trade on Monday after the company received a warning letter from the US health regulator for its Moraiya formulation facility. In a regulatory filing today, Cadila Healthcare said the Company has received a warning letter issued by the United States Food and Drug Administration (USFDA) relating to its Moraiya formulation facility. READ MORE 

2:45 PM

NEWS ALERT | ZEEL denies reports about transfer of promoter shares to escrow accounts

2:43 PM

HDFC logs 80% YoY jump in consolidated net profit for Sept quarter; stock up 2%

Housing finance corporation HDFC, on Monday, reported a standalone net profit of Rs 3,961 crore, up 60.5 per cent YoY, for the quarter ended September 2019 (Q2FY20) on the back of stake sale from Gruh Finance. The HFC had reported a profit of Rs 3,203 crore in Q1FY20 and Rs 2,467 crore in Q2FY19. 
On a consolidated basis, the HFC reported a profit of Rs 10,388 crore, up 80.38 per cent YoY from Rs 5,759.19 crore. READ MORE  


2:35 PM

NEWS ALERT | USFDA issues warning letter to Cadila Health's Moraiya unit

2:30 PM

EARNINGS ALERT | HDFC Q2 consolidated profit jumps 80% YoY to Rs 10,388.61 cr

- EPS grows to 60.24 from Rs 34.12 in the year-ago quarter;
- Tax expense at Rs 568.9 cr vs 1,022 cr YoY

2:27 PM

EARNINGS ALERT | SPARC Q2 net loss widens to Rs 63.2 cr YoY

- Revenue slips more than 72%

2:16 PM

Buzzing | CG Power locked in 5% upper circuit after block deals

2:11 PM

NEWS ALERT | Prakash Industries commences mining operations in Odisha: BSE filing

-- Mining operations in the Sirkagutu Iron and Manganese ore mine of the company at Keonjhar

2:09 PM

Burger King India to file for Rs 1,000-crore IPO this week: Details here

Burger King India, a major player in the domestic quick service restaurant (QSR) space, will file a document for an initial public offer (IPO) this week with the Securities and Exchange Board of India (Sebi), said people with direct knowledge of the development.
 
The issue will comprise a secondary share sale worth Rs 600 crore by private equity major Everstone Capital and fresh fundraising worth Rs 400 crore, which will be used to fuel the burger chain’s expansion plan. READ MORE

Extending their gaining streak into the seventh session in a row, the benchmark indices settled with nearly half a per cent gains on Monday. Encouraging September quarter results, along with optimism over US-China trade deal aided bulls to stay in the driver's seat.

The S&P BSE Sensex added 137 points or 0.34 per cent to end at a record closing high 40,301.96, with Infosys (up over 3 per cent) being the top gainer and Maruti Suzuki India (down 2.50 per cent) the worst performer. During the day, the index hit a fresh high of 40,483 levels. 

On the NSE, the broader Nifty50 index ended at 11,945, up 54.55 points or 0.46 per cent. 

Sectorally, media stocks tumbled the most on the NSE, followed by auto and FMCG counters. The Nifty Media index slipped over 3 per cent to 1,860.55 levels. On the contrary, metal stocks advanced the most. The Nifty Metal index rallied nearly 3 per cent to 2,634.60. 

In the broader market, the S&P BSE MidCap index ended flat at 14,892, up just 1.57 points or 0.01 per cent. The S&P BSE SmallCap index ended at 13,631, up 30 points or 0.22 per cent.

BUZZING STOCKS

Zee Entertainment Enterprises (ZEEL) ended nearly 5 per cent lower at Rs 294.80 apiece on the NSE after news reports said the company has denied reports about transfer of promoter shares to escrow accounts. Dish TV slipped around 11 per cent to Rs 14.45. 

Infosys ended over 3 per cent higher at Rs 709 after the company said on Monday it received no evidence to support the allegations in a whistleblower letter from last month. READ MORE  

HDFC ended over 2 per cent higher at Rs 2,181 after it reported a standalone net profit of Rs 3,961 crore, up 60.5 per cent YoY, for the quarter ended September 2019 (Q2FY20) on the back of stake sale from Gruh Finance. READ MORE

GLOBAL MARKETS

Asian shares surged on Monday, with a broad regional gauge hitting more than 14-week highs, as growing optimism over US-China trade talks and upbeat US job data boosted global investors’ appetite for riskier assets. MSCI’s broadest index of Asia-Pacific shares outside Japan jumped 1.08 per cent, touching its highest level since July 24.

Hong Kong's Hang Seng rose 1.36 per cent, and Seoul's Kospi added 1.43 per cent. In mainland China, blue chips were up 0.72 per cent, and Australian shares were 0.27 per cent higher. Markets in Japan were closed for a holiday. 

In Europe, too, shares touched their highest level in nearly two years. 

In commodities, oil prices eased as concerns over economic data offset trade deal optimism. Brent crude futures for January fell 16 cents to $61.53 a barrel, while December US crude futures was at $56.04 a barrel, down 16 cents. 

(With inputs from Reuters)

Topics :MarketsMARKET WRAP

First Published: Nov 04 2019 | 7:12 AM IST