MARKET WRAP: Sensex recovers 212 pts from day's low, Nifty ends at 11,643

All that happened in markets today

SI Reporter New Delhi
markets
markets

3 min read Last Updated : Apr 12 2019 | 3:55 PM IST

3:43 PM

Sectoral gainers and losers on NSE

3:42 PM

Top gainers and losers on S&P BSE Sensex

3:41 PM

MARKETS AT CLOSE

The S&P BSE Sensex added 160 points or 0.41 per cent higher at 38,767, while the NSE's Nifty50 index gained 47 points or 0.40 per cent to end at 11,643

3:19 PM

NEWS ALERT | CERC approves higher tariff for Adani Power's 2,000 MW Mundra unit

3:01 PM

ITC rises 3% to hit a six-month high on heavy volume

The trading volumes on the counter jumped more than five-times with a combined 20.68 million shares changing hands on the NSE and BSE, till the time of writing this report. READ MORE

2:39 PM

Top 5 gainers on BSE

PCJEWELLER 110.80 +15.05 +15.72
 
RAIN 122.80 +13.30 +12.15
 
SPICEJET 110.35 +9.10 +8.99
 
TV18BRDCST 38.30 +3.05 +8.65
 
INFIBEAM 47.75 +2.75 +6.11

2:28 PM

Uber unveils IPO with warning it may never make a profit

The S-1 filing underscores the rapid growth of Uber’s business in the last three years but also how a string of public scandals and increased competition from rivals have weighed on its plans to attract and retain riders. READ MORE

2:24 PM

Vedanta Resources raises $1 billion through bond issue to repay debt

The bonds, sold in two tranches, were issued through Vedanta's subsidiary Vedanta Resources Finance II plc and it attracted interest from global investors across Europe, North America and Asia, the company said. READ MORE

2:18 PM

ITC rises almost 3%

1:59 PM

Market check

1:58 PM

Stocks that can rally at least 10% in this election season

The Nifty500 index tpuched 9,765 levels in April 2019, up nearly 5 per cent from an approximate breakout level of 9200. The index had been consolidating between 8,800 - 9,200 levels since the last two months. If the index holds 9600 for the current month, then one can expect a rally towards all-time high of 10,049. The rally his witnessed several stocks of Nifty 500 moving out from the over-sold territory. READ MORE


1:48 PM

PC Jeweller zooms over 14%

1:42 PM

As many as 12 securities hit 52-week highs in trade

ASTRAZEN AstraZeneca Pharma India Limited 2,150.00 2,135.00 06-Mar-2019 2,117.80 2054.80 63.00 3.07
BAJAJFINSV Bajaj Finserv Limited 7,594.95 7,590.00 11-Apr-2019 7,550.00 7562.75 -12.75 -0.17
BALAXI Balaxi Ventures Limited 61.55 58.65 11-Apr-2019 61.55 58.65 2.90 4.94
BILENERGY Bil Energy Systems Limited 5.05 4.85 11-Apr-2019 5.05 4.85 0.20 4.12
BSLNIFTY Aditya Birla Sun Life Nifty ETF - Growth 126.79 125.00 05-Nov-2018 124.58 121.07 3.51 2.90

(Click here to view the full list)

1:37 PM

Maruti Suzuki climbs almost 2%

1:25 PM

Cement stocks gain

COMPANY NAME LATEST HIGH LOW CHG
(rs)
CHG(%) VALUE
(rs CR)
VOLUME
INDIA CEMENTS 111.05 111.10 108.15 1.60 1.46 3.51 316220
AMBUJA CEM. 230.65 230.65 226.80 4.00 1.76 1.28 55708
ACC 1675.00 1684.95 1663.00 1.25 0.07 7.97 47599
SH. DIGVIJAY CEM 22.30 23.75 22.30 -0.90 -3.88 0.05 22205
UDAIPUR CEMENT 14.42 14.73 14.21 0.07 0.49 0.03 20668
CENTURY TEXTILES 916.15 920.00 902.00 9.40 1.04 1.20 13085
SHIVA CEMENT 15.40 15.50 15.10 0.15 0.98 0.02 12885
ANDHRA CEMENTS 4.72 4.72 4.60 0.22 4.89 0.01 12787
ULTRATECH CEM. 4184.40 4196.50 4137.10 33.10 0.80 4.77 11403

Buying in select bluechip counters such as ITC, Maruti, ICICI Bank and Infosys helped benchmark indices to settle in the positive territory on Friday. 

The S&P BSE Sensex recovered 212 points from day's low to settle at 38,767, up 160 points or 0.41 per cent. FMCG major ITC emerged as the top gainer on the index with over 3 per cent gains while Tata Motors (down over 1 per cent) ened as the biggest loser.

The broader Nifty50 index of the National Stock Exchange (NSE) settled at 11,643.45, up 47 points or 0.40 per cent, with 27 constituents advancing and 23 declining. 

On a weekly basis, Sensex lost 0.24 per cent while Nifty settled with 0.19 per cent decline.

In the broader market, the S&P BSE MidCap index gained 44 points or 0.29 per cent to end at 15,426 while the S&P BSE SmallCap index added 56 points or 0.37 per cent to end at 15,022.

Sectorally, all the indices ended in the green with media stocks gaining the most, followed by FMCG and auto. The Nifty Media index gained over 1 per cent to end at 2,443 level.

BUZZING STOCKS

Shares of ITC hit over a six-month high in the intra-day trade, extending its previous day’s 1 per cent gain, on the back of heavy volumes on the BSE. The stock ended at Rs 305.60 apiece, up 3 per cent. 

Shares of SpiceJet surged 10 per cent to Rs 111 on Friday, gaining 18 per cent in the past two trading days after the company said it will induct 16 Boeing 737-800 NG aircraft on dry lease. The company has applied to the Directorate General of Civil Aviation (DGCA) for a no objection certificate (NOC) to import the aircraft. Shares, eventually closed at Rs 110, up nearly 9 per cent. 

Shares of Foods & Inns were locked in the upper circuit of 20 per cent at Rs 223, also its record high on the BSE on Friday after RK Damani’s Derive Investments on Thursday bought nearly 5 per cent stake in the company from open market. The stock surpassed its previous high of Rs 217 recorded on April 19, 2018 in intra-day trade. 

GLOBAL CUES

Asian shares were flat and US Treasury yields pulled back on Friday. MSCI’s broadest index of Asia-Pacific shares outside Japan was barely higher, up 0.03 per cent.

Higher Chinese iron ore prices helped Australian shares outpace regional markets, pushing Australia’s S&P/ASX 200 index up 0.7 per cent. Japan’s Nikkei stock index gained 0.1 per cent.

Oil prices were firm on Friday, supported by ongoing supply cuts led by producer club OPEC and by US sanctions on petroleum exporters Iran and Venezuela.

(With inputs from Reuters)

First Published: Apr 12 2019 | 7:55 AM IST