MARKET WRAP: Sensex ends 139 pts higher in volatile trade; ONGC gains 5.7%

All that happened in the markets today

12:04 PM

MARKET UPDATE:: Sensex hovers near record high

11:52 AM

Rising inflation, crude oil are a new worry for financial markets: Analysts

Over the past one month (since November 13), Brent crude prices have surged nearly 18 per cent to $50.34 a barrel now. According Barclays' estimates, a $10/barrel-increase in the price of crude oil, which implies Rs 5.8/litre increase at the pump, would add around 34 basis point (bp) to headline inflation over three to six months, assuming no change to petroleum taxes. READ MORE

11:43 AM

Market Update: BSE advance-decline ratio at 3:1

The market mood was quite jovial in the late morning session on Friday. The advance-decline ratio on BSE stood at nearly 3:1 with 1,858 stocks in the green and 732 in the red. As mnay as 213 stocks hit 52-week highs on BSE and 323 scrips hit upper circuit limit. Meanwhile, BSE barometer Sensex was hovering at all-time highs amid vaccine optimism and mixed global cues. 

11:33 AM

NMDC gains 5% on higher iron ore prices; stock surges 24% in a month

Shares of NMDC climbed 5 per cent to Rs 113.50 on the BSE on Friday on reports that the benchmark iron ore prices have crossed the $150/tonne mark. Iron ore prices are at their highest level since 2013 and are currently at $157/tonne. According to a Bloomberg report, futures in Singapore have surged almost 70 per cent this year, hitting their highest since trading started in 2013, as China’s stimulus-led rebound fuels steel output and consumption. READ MORE

11:23 AM

Rebound in advertising, viewership help Zee Entertainment stock recovery

The Zee Entertainment Enterprises stock has gained 14 per cent over the last two weeks on expectations of a gradual uptick in advertising growth, increase in viewership share and hopes of a recovery of dues from group companies such as Dish TV. Despite the recent recovery, the stock has been a key underperformer over the last six months, compared with the benchmark indices and the S&P BSE100 index.READ MORE

11:11 AM

Top gainers on BSE at this hour

COMPANY	PRICE(rs)	CHG(%)
TVS SRICHAKRA	1952.50	9.86
DISH TV INDIA	13.33	9.71
O N G C	100.25	9.44
VAKRANGEE	47.50	9.07
MMTC	22.95	8.51

10:55 AM

L&T trades higher for seventh straight day; stock hits over 9-month high

Shares of Larsen & Toubro (L&T) were trading higher for the seventh straight session on Friday, up 2 per cent at Rs 1,217 on the BSE, amid expectation that awarding momentum may pick up going forward. Stock of the construction & engineering major was trading at its highest level since February 26, 2020. In the past one month, L&T has outperformed the market by gaining 15 per cent as against a 6-per cent rise in the S&P BSE Sensex. READ MORE

10:40 AM

Life insurers play tax-free interest arbitrage game to rev up business

November’s life insurance premium flow data came as a shocker after four consecutive months of promising growth. But here’s the interesting thing.

 

While the overall private life insurers’ premium inflows contracted by 7 per cent year-on-year, those of HDFC Life rose by 20.4 per cent and ICICI Prudential Life (I-Pru Life) and SBI Life witnessed 30.8 per cent and 5.7 per cent year-on-year decline in November. READ MORE

10:25 AM

Logistics shares extend rally; Snowman Logistics gains 96% in 5 weeks

Snowman Logistics, Navkar Corporation, Allcargo Logistics, Transport Corporation of India and Mahindra Logistics were up in the range of 7 per cent to 14 per cent on the BSE. In comparison, the S&P BSE Sensex was up 0.58 per cent at 46,228 points, at 09:38 am. READ MORE

10:18 AM

BSE Realty only sectoral index in the red, down 0.50%

In the sectoral space on BSE, Realty was the only index trading in the red amid fall in Godrej Properties, DLF and Prestige. Meanwhile, gains in Phoenix and Oberoi Realty helped limit losses.

10:07 AM

Rupee Opening

Rupee opens unchanged per US dollar vs Thursday's close of 73.66/$

10:02 AM

Most active stocks by volume

COMPANY	PRICE(rs)	CHG(%)
SUZLON ENERGY	3.94	4.79
VODAFONE IDEA	9.86	0.10
S A I L	57.25	2.69
O N G C	97.45	6.39
BANK OF BARODA	67.60	1.88

9:57 AM

IRCTC shares fall over 1% as OFS opens for retail investors

Shares of IRCTC were trading over 1 per cent lower in the morning session on Friday as the OFS opened for retail investors. The scrip was down 1.27 per cent at Rs 1,434.85 on BSE at around 9.50 am. The offer-for-sale for IRCTC witnessed a good response from non-retail investors yesterday as the issue was subscribed nearly two times on day one. Retail investors will get chance to bid for the OFS today, which is the last day for the issue.

9:48 AM

SECTOR WATCH:: Nifty PSU Bank index up 2%

9:42 AM

Top Sensex contributors: HDFC, ICICI Bank, Reliance