MARKET WRAP: Sensex gains 127 pts, Nifty ends at 11,624 on last day of FY19

All that happened in markets today.

The benchmark indices ended on a positive note for the second straight day on Friday, the last trading day of the financial year (FY19) 2018-19 amid buying in metals, pharma, and auto stocks. 

The S&P BSE Sensex ended at 38,673, up 127 points or 0.33 per cent with Vedanta being the top gainer and IndusInd Bank the biggest loser.

The NSE's Nifty50 index closed above the crucial 11,600 level at 11,624, up 54 points or 0.47 per cent.

On a weekly basis, Sensex gained around 1.30 per cent while Nifty added 1.45 per cent.

During the financial year, Sensex climbed 17 per cent and Nifty50 index gained around 15 per cent. 

In the broader market, the S&P BSE Midcap index surged 151 points or 0.99 per cent to close at 15,480. The S&P BSE SmallCap rose 109 points or 0.73 per cent to end at 15,027.

BUZZING STOCKS

Shares of Ipca Laboratories, Varun Beverages, Merck, Adani Gas, Future Lifestyle, Gujarat Fluorochemicals and Muthoot Finance were among 14 stocks hitting their respective all-time highs on the BSE on Friday.

DLF shares hit an over six-month high of Rs 207 in the intra-day deal on the BSE after the real estate developer successfully raised Rs 3,173 crore through qualified institutional placement (QIP). The stock, eventually, closed at Rs 201.60, up nearly 4 per cent.

SECTOR WATCH

Metal stocks advanced the most, followed by pharma and auto counters. The Nifty Metal index ended over 2 per cent higher at 3,044. 

GLOBAL CUES

Global stocks rose on Friday on optimism over trade talks between the United States and China and were set to post their best quarterly performance since 2012, while global bond yields moved higher after a prolonged slide on growth worries.

Oil prices rose on Friday amid the ongoing OPEC-led supply cuts and US sanctions against Iran and Venezuela, putting crude markets on track for their biggest quarterly rise since 2009.

(With inputs from Reuters)

3:39 PM

Sectoral gainers and losers on NSE

3:39 PM

Top gainers and losers on S&P BSE Sensex

3:37 PM

MARKET AT CLOSE

The S&P BSE Sensex ended at 38,673, up 127 points or 0.33 per cent while the NSE's Nifty50 index ended at 11,624, up 54 points or 0.47 per cent.  

3:19 PM

Bajaj Finance, ICICI Bank, Ipca Labs, Varun Beverages hit record high

Among the individual stocks, Varun Beverages (VBL) surged 6 per cent to Rs 857, surpassing its previous high of Rs 849 touched on September 21, 2018, on the BSE in intra-day trade. READ MORE

3:06 PM

ICICI Direct on Wabco India

At this juncture, we maintain our estimates and expect sales & PAT to grow at a CAGR of 16.3% and 21.5%, respectively, in FY18-20E. We value Wabco at Rs 7,000 i.e. 33x P/E on FY20E EPS of Rs 212.3 per share and retain our HOLD rating on the stock. We draw comfort from debt free, cash surplus balance sheet at Wabco with healthy return ratios matrix (20 %+) and healthy cash flow generation.

2:52 PM

ALERT :: Embassy Office Parks REIT to list on Monday, April 01

2:48 PM

Kotak Securities on IT Services

Accenture (ACN) impressed with strong 9% c/c revenue growth, record bookings and further increase in FY2019 (August year-end) revenue growth guidance. Growth was skewed towards resources and communications verticals while financial services and heath & public services verticals underperformed. Read-through for other IT names—demand environment is reasonable even as there are rough edges visible in weak financial services growth.

2:34 PM

Heatmap: S&P BSE Sensex

2:23 PM

Sebi asks mutual funds to disclose details of promoter funding

In an e-mail sent to MFs, the regulator has asked MFs to disclose the details so that it can assess how large is the quantum of such exposures held by MFs to these structures, which have come under pressure due to sharp erosion in value of the promoter shares. READ MORE

2:10 PM

IDBI Bank rises 6%

2:03 PM

NEWS ALERT | Govt keeps small savings interest rate uncharged for Q1FY20: TV

2:00 PM

Market check

1:44 PM

Stocks that hit 52-week low on BSE500

COMPANY	PRICE(rs)	52 WK LOW	CHG(rs)	CHG(%)
CENTRUM CAPITAL	32.50	27.00	-0.10	-0.31
TVS SRICHAKRA	2229.25	2170.00	-0.90	-0.04

1:28 PM

Stocks that hit 52-week high on BSE500

COMPANY	PRICE(rs)	52 WK HIGH	CHG(rs)	CHG(%)
ASIAN PAINTS	1489.00	1507.95	-5.50	-0.37
BAJAJ FIN.	3008.00	3023.40	18.35	0.61
DCB BANK	204.95	208.50	0.00	0.00
FUTURE LIFESTYLE	487.15	499.90	1.65	0.34
GODFREY PHILLIPS	1162.90	1176.50	25.80	2.27

1:17 PM

Power Finance Corporation extends rally on acquisition of REC

Power Finance Corporation (PFC) shares hit a fresh 52-week high of Rs 124, up 6 per cent, on the BSE, after the company concluded the acquisition of Rural Electrification Corporation (REC) by paying Rs 14,500 crore to the Central government. PFC surpassed its previous high of Rs 123 recorded on March 19, 2019 in intra-day trade. READ MORE