MARKET WRAP: Sensex zooms 489 pts, Nifty over 11,800; Jet Airways soars 90%

All that happened in the markets today

1:33 PM

Piramal Enterprises is trading over 6% higher

1:21 PM

NEWS ALERT | Have not received any communication from US on capping H1-B work visa: Govt sources to CNBC TV18

Alert: Reports suggested that the US has told India it was considering caps on H-1B work visas for nations that force foreign companies to store data locally

1:14 PM

Oil check | Brent Crude climbs over $63/barrel

Source: Oilprice.com

1:13 PM

NEWS ALERT | Promoter of Adani Trans releases pledge on 31.1 lakh shares on June 13-17

1:04 PM

Market check | Sensex trading near day's high

1:03 PM

NEWS ALERT | Promoters of Adani Ports release pledge on 13.3 lakh shares on June 17-18

1:02 PM

NEWS ALERT | Promoters of Adani Enterprises release pledge on 19 lakh shares on June 14-17

12:57 PM

Bears return to prey on rupee as Lok Sabha election euphoria fades: Poll

 Investors shaved bearish bets on most Asian currencies over the past two weeks but went short on the rupee for the first time in over three months, a Reuters poll showed, as election euphoria faded against the backdrop of slowing growth in India. Investors had turned bullish on the rupee in March for the first time in nearly a year when billions of dollars worth of foreign funds poured into India ahead of general election in the world's biggest democracy. READ MORE

12:47 PM

Most active stocks by volume

COMPANY	PRICE(rs)	CHG(rs)	CHG(%)	VOLUME
JAIN IRRIGATION	23.75	4.05	20.56	12631173
JET AIRWAYS	42.80	9.70	29.31	7645295
YES BANK	108.30	5.05	4.89	7198070
RELIANCE POWER	4.75	0.57	13.64	5426407
RELIANCE CAPITAL	60.80	6.75	12.49	5424375

12:39 PM

NEWS ALERT | CRISIL downgrades long-term rating to 'A-' from 'A'; outlook negative Fm stable: CNBC TV18

12:38 PM

NEWS ALERT | IL&FS Engineering arm gets Road MInistry's nod to re-start projects in Bihar: CNBC TV18

12:25 PM

Sharekhan on JMC Projects

View: Positive
 

CMP: Rs. 124
 

Upside potential: 18-20%
 

JMC Projects (JMC) is expected to benefit from government spending on infrastructure. During FY2017 to FY2019, JMC’s strong order book growth (18% CAGR), improving execution capabilities and tight cost controls resulted in an 18%/55% CAGR in standalone revenue/net profit. JMC’s current backlog of Rs. 9,962 crore with expectation of strong order intake of Rs. 5,800 crore plus p.a. is likely to result in a 16% CAGR each in standalone net revenue and PAT over FY2019-FY2021E. JMC’s strong operating cash flow-generation capabilities, lower leverage and healthy return ratios provide quality balance sheet. Hence, we Initiate 'viewpoint coverage' on JMC with a Positive view and expect an 18-20% upside.

12:21 PM

Jain Irrigation is trading over 17%

12:13 PM

PSP Projects surges 3% on new order worth Rs 607 crore

Stocks of PSP projects surged 3.38 per cent intra-day on the National Stock Exchange (NSE) on Thursday after the company announced receipt of work order worth Rs 607 crore. The order is for institutional and residential projects, including a major project of Rs 601.40 crores for construction of flat type high rise buildings-cum-commercial units for economically weaker section (EWS). the projects are for Bhiwandi (Maharashtra) region. READ MORE

12:03 PM

MARKET CHECK