MARKET WRAP: Sensex jumps 530 pts, ends at fresh closing peak; metals shine

All that happened in markets today.

1:46 PM

NEWS ALERT | Have 21 days to reply to SEBI: Karvy Group chairman on CNBC TV18

1:40 PM

Sensex hits fresh high

1:37 PM

Market check

1:26 PM

Nifty sectoral indices at this hour

1:13 PM

CSB IPO: Issue subscribed 2.26 times so far on Day 2

1:07 PM

BUZZING STOCK:: Bharti Infratel climbs over 5%

12:55 PM

Sensex can scale higher of it breaches 40,800; bank stocks likely to shine

S&P BSE SENSEX: The index may consolidate in the range of 40,000 and 40,800 and then gain further gorund. The daily chart shows buying around 40,200. If this level holds, then a further upside looks certain. Although, MACD trades with a negative crossover, the charts do not indicate any major weakness as of now. READ MORE

12:45 PM

NEWS ALERT | Fin Min to Parliament on PMC Bank case

-- Bank had disclosed exposure of Rs 439.6 crore out of Rs 6,226 crore to HDIL

-- Exposure to HDIL was misreported to RBI 

-- Forensic auditors appointed to look into the case

12:38 PM

Analysts see more headroom for quality real estate stocks

Real estate sector has been a surprise performer in calendar year 2019 (CY19) at a time when the most players in the segment had been, over the years, saddled with unsold inventory and liquidity issues. The Nifty Realty index has been an outperformer, rallying 19 per cent thus far in CY19, as compared to 10 per cent rise in the Nifty50. READ MORE

12:33 PM

India's economic growth to weaken in second half of FY19, says DBS Bank

India's economic growth is expected to slow further in the second half of the year, Singapore's DBS Bank said on Monday.

 

"Real GDP is likely to print 4.3 per cent YoY in 3Q vs 2Q's 5 per cent, nearing the trough for this cycle," DBS said in its daily economic report.

 

Weakness in the crucial consumption sector is likely to be extended into the quarter along with tepid private sector activity. READ REPORT HERE

12:22 PM

Auto stocks gain

COMPANY NAME	LATEST	HIGH	LOW	CHG (rs)	CHG(%)
TATA MOTORS-DVR	74.75	75.30	73.10	0.30	0.40
TATA MOTORS	163.30	164.05	160.00	1.00	0.62
ASHOK LEYLAND	82.05	82.55	81.40	0.75	0.92
M & M	548.30	552.75	547.00	2.40	0.44
TVS MOTOR CO.	449.85	452.00	442.55	7.25	1.64
MARUTI SUZUKI	7206.50	7213.55	7043.90	148.90	2.11
ESCORTS	657.75	658.65	648.20	9.75	1.50
HERO MOTOCORP	2469.35	2471.00	2430.00	29.20	1.20
HIND.MOTORS	5.80	5.95	5.61	0.15	2.65
BAJAJ AUTO	3157.00	3160.25	3119.25	4.20	0.13

12:15 PM

Oil check

Oil prices rose on Monday as positive noises from Washington over the weekend rekindled hopes in global markets that the United States and China could soon sign an interim deal to end their bitter trade war.

West Texas Intermediate (WTI) crude rose 18 cents, or 0.31 per cent to $57.95 a barrel, having ended last week little changed after tracking ups and downs in the trade talks process. Brent crude futures were at $63.66, up 27 cents or 0.43 per cent, the benchmark having also finished little changed last week.

12:05 PM

Rupee trading near day's high

11:59 AM

DoT sets up committee to examine the impact of telecom tariff hikes

The Department of Telecommunications (DoT) has set up an internal committee to examine the impact of the increase in tariff hikes that Vodafone Idea, Bharti Airtel, and Reliance Jio have announced and will come into effect on December 1.

 

It is learnt that even though the subject is under forbearance (meaning market forces to operate), the government may intervene if the rise is ‘exorbitant’. The committee was set up after the companies announced their decision to raise tariffs. READ MORE

11:46 AM

Maruti Suzuki up 1%