MARKETS ON MONDAY: Sensex ends 286 pts higher, Nifty reclaims 10,200

All that happened in the markets today

Benchmark indices rose on Monday, the first trading day of the new financial year, tracking gains in global equity markets, while auto stocks such as Tata Motors led gains after posting strong sales numbers for March.

Asian stocks began the new quarter with mild gains after Wall Street surged on Thursday, ending a tumultuous first quarter on a high note. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.13 per cent.

The Nifty auto index gained as much as 2.27 per cent. Tata Motors rose 4.2 per cent, after posting a 35 per cent jump in March domestic vehicle sales. India’s largest automaker Maruti Suzuki India climbed 1.7 per cent after reporting a 14.9 per cent rise in March vehicle sales.

Meanwhile, ICICI Bank plunged 6 per cent to a five-month low after media reported its lending practices were the subject of a police investigation and after the central bank fined the lender for not sticking to certain rules around the sale of government securities.

The domestic investors will now look forward to the Reserve Bank of India's first bi-monthly policy decision of FY19 to be held later this week.

(with inputs from Reuters)

3:45 PM

Nifty Auto settles 2.19% higher. Top gainers:

COMPANY	LATEST	PREV CLOSE	GAIN()	GAIN(%)	VOLUME
TVS MOTOR CO.	660.45	619.30	41.15	6.64	1719021
MOTHERSON SUMI	323.40	310.95	12.45	4.00	2583146
TATA MOTORS	339.15	326.85	12.30	3.76	9868202
TATA MOTORS-DVR	189.45	183.30	6.15	3.36	1229344
BHARAT FORGE	721.00	699.65	21.35	3.05	1574410

3:41 PM

Nifty Pharma ends 3.14% higher. Top gainers:

COMPANY	LATEST	PREV CLOSE	GAIN()	GAIN(%)	VOLUME
AUROBINDO PHARMA	594.70	557.85	36.85	6.61	3094427
CIPLA	578.00	545.45	32.55	5.97	2823862
LUPIN	779.00	735.85	43.15	5.86	2123664
GLENMARK PHARMA.	553.00	526.30	26.70	5.07	501278
SUN PHARMA.INDS.	507.50	495.10	12.40	2.50	2922699

3:37 PM

Nifty sectoral performers of the day

3:34 PM

BSE Sensex: Top gainers and losers of the day

3:32 PM

Market at close

 

The S&P BSE Sensex ended at 33,255, up 287 points while the broader Nifty50 index settled at 10,212, up 98 points.

3:25 PM

Auto shares on top gear post March sales

Shares of automobiles including auto ancillaries companies were in focus with Nifty Auto index gaining nearly two percentage points after auto majors reported good set of sales numbers for the month ended March 2018. READ MORE

3:14 PM

HDFC Life enters top-30 market cap league

 

HDFC Standard Life Insurance (HDFC Life) entered the elite club of 30 stocks with highest market capitalization (market-cap) on the BSE, as its share price jumped nearly 7% on Monday in intra-day trade, extending its 7.4% gain in past five trading sessions.

 

HDFC Life hit an intra-day high of Rs 484 on the BSE, trading close to its highest level since listing on November 17, 2017, up 66% against issue price of Rs 290 per share. It touched record high of Rs 493.75 on January 1, 2018 in intra-day deal. READ MORE

3:01 PM

Stocks at 52-week high

COMPANY	PRICE()	52 WK HIGH	CHG()	CHG(%)
AVENUE SUPER.	1378.00	1393.00	51.00	3.84
BHARAT FINANCIAL	1105.20	1114.75	7.65	0.70
BRITANNIA INDS.	5102.20	5114.75	130.75	2.63
DILIP BUILDCON	1094.95	1122.00	93.80	9.37
FIRSTSOUR.SOLU.	54.50	55.65	1.50	2.83

2:45 PM

Volume Toppers

COMPANY	PRICE()	CHG()	CHG(%)	VOLUME
FEDERAL BANK	90.25	0.90	1.01	10499424
JP ASSOCIATES	19.70	0.75	3.96	5538643
KWALITY	54.35	-6.00	-9.94	4122166
SOUTH IND.BANK	23.35	0.55	2.41	3412362
IDBI BANK	70.75	-1.50	-2.08	3345180

2:32 PM

Mahindra tractor sales up 46.23 % pc in March at 28,277 units

Home-grown auto major Mahindra and Mahindra today reported 46.23 per cent jump in total tractor sales at 28,277 units in March. The company had sold 19,337 units in March 2017, Mahindra and Mahindra said in a statement. READ MORE

2:15 PM

Escorts shares rise 7% on strong tractor sales in March

Shares of Escorts have moved higher by 7% to Rs 874 per share on the BSE in intra-day trade after the company reported a strong 65% year on year (yoy) growth in tractor sales of 11,790 units in March 2018. It had sold 7,079 tractors in March 2017. READ MORE

2:00 PM

Market Check

 

S&P BSE Sensex	33,185.84		0.66%
Nifty 50	10,189.85		0.75%
S&P BSE 200	4,468.56		0.81%
Nifty 500	8,998.30		0.97%
S&P BSE Mid-Cap	16,117.79		0.97%
S&P BSE Small-Cap	17,327.31		1.96%

1:45 PM

New Nifty50 constituents trade mixed: Bajaj Finserv up 1.5%, Titan flat

 

New Nifty50 constituents, Bajaj Finserv, Grasim Industries and Titan Company were trading mixed on Monday after inclusion in the benchmark index Nifty50. While Bajaj Finserv and Grasim Industries gained as much as 1.8% and 3.7% respectively, Titan Company rose only 0.5% in intra-day trade.

 

On the other hand, Ambuja Cements (up 1.4%) Aurobindo Pharma (up 4.8%) and Bosch (up 2.4%) also rose, despite exclusion from the index. READ MORE

1:30 PM

Dividend yield stocks: How to navigate if the market turns bearish?

When the markets are down and stocks are cheap, it is an opportunity to look for high dividend yield stocks. As long as you hold the stock concerned and as long as the company continues to pay dividends at the same rate, your dividend yield is fixed for life, even if the market price of the stock changes subsequently. READ MORE

1:16 PM

BSE to auction investment limits for govt bonds worth Rs 110 bn

Leading stock exchange BSE will auction investment limits for foreign investors to purchase government bonds worth over Rs 110 billion on Tuesday. The auction for investment limits for such securities has been receiving a good response from foreign portfolio investors (FPIs) in recent past.

The auction will be conducted on BSE's ebidxchange platform from 3:30 pm to 5:30 pm, after the close of market hours, the bourse said in a notice today. READ MORE