MARKET WRAP: Sensex ends 216 pts up, Nifty tops 11,340; HDFC Bank adds 2.6%

All that happened in the markets today

2:06 PM

Expansion, several new launches to drive growth for Tata Chemicals

Though the Tata Chemicals stock has corrected by a fourth since September last year and 10 per cent after a disappointing Q3, analysts see some respite from here on. The stock had gained almost three times in five years till September 2018, and the corrections are a good opportunity to take an exposure to the stock, say analysts. READ MORE

2:01 PM

Heatmap: S&P BSE Sensex

1:56 PM

NEWS ALERT | Nifty Bank hits 28,900

1:50 PM

Overall market valuation is in a comfortable zone: Rajeev Thakkar of PPFAS

Consumption-sector is very robust in terms of underlying growth and attractiveness of the business. However, its valuations have gone haywire. If prices become stagnant or even fall and earnings catch up, that would make the sector attractive, said Rajeev Thakkar, Chief Investment officer (CIO) at PPFAS Mutual Fund, in an exclusive interaction with Puneet Wadhwa and Swati Verma.  READ MORE

1:40 PM

VST Tillers hits 3-year low; tanks 48% thus far in FY19

Shares of VST Tillers Tractors continue to be under pressure, hitting three-year low of Rs 1,357, down 3.5 per cent, on the BSE in intra-day trade in an otherwise firm market, amid a fall in sales volumes. The stock was quoting at its lowest level since March 1, 2016 on the BSE. READ MORE

1:35 PM

Nifty broader indices

1:33 PM

NEWS ALERT | Rahul Bajaj resigns as Bajaj FinServ chairman, will be replaced by Nanoo Pamnani

1:30 PM

Just In | Jubilant FoodWorks has launched its own brand ‘Hong’s Kitchen’ with first restaurant in Gurugram

1:19 PM

Stocks that hit 52-week high on BSE500

COMPANY	PRICE(rs)	52 WK HIGH	CHG(rs)	CHG(%)
ASTRAL POLY	1239.35	1291.20	-1.90	-0.15
AXIS BANK	739.90	750.90	-2.35	-0.32
GUJ FLUOROCHEM	1058.00	1063.75	3.70	0.35
HDFC BANK	2226.40	2227.40	55.80	2.57
INDIAN HOTELS	154.25	156.45	3.30	2.19

1:06 PM

HDFC Bank hits all-time high of Rs 2,223 on back of heavy volumes

Shares of HDFC Bank hit an all-time high of Rs 2,223, up 2.4 per cent, to surpass its previous high of Rs 2,220 recorded on July 18, 2018 on the National Stock Exchange (NSE) in intra-day trade, on back of heavy volumes. READ MORE

12:59 PM

Nifty Metal Index is trading more than 2% lower

12:50 PM

Sectoral trends on NSE

12:41 PM

Bajaj Consumer hits 52-week low after promoter stake sale

Shares of Bajaj Consumer Care (formerly Bajaj Corp) hit a 52-week low of Rs 308, down 3 per cent on the BSE in intra-day trade on Wednesday, after the promoter Bajaj Resources sold nearly 7 per cent of its holding via open market on Tuesday. The stock had tanked 9 per cent to Rs 317 yesterday. READ MORE

12:31 PM

Most active stocks by volume (BSE500)

COMPANY	PRICE(rs)	CHG(rs)	CHG(%)	VOLUME
SUZLON ENERGY	6.98	-0.19	-2.65	3889029
SOUTH IND.BANK	15.14	-0.16	-1.05	3241590
REL. COMM.	4.90	-0.22	-4.30	2995667
SPICEJET	76.50	-2.30	-2.92	2630252
RELIANCE POWER	11.73	-0.19	-1.59	2280592

12:19 PM

NEWS ALERT | SpiceJet issues statment on Boeing 737 MAX

Consequent to the regulatory directive on the Boeing 737 Max, SpiceJet has already initiated grounding of its Max fleet. In order to cause least inconvenience to its passengers and also bring these aircraft to its maintenance base we expect to complete this exercise on or before 4 pm today. SpiceJet has presently announced cancellation of 14 flights for today and will be operating additional flights from tomorrow. Of the 76 planes in our fleet, 64 aircraft are in operations and we are confident of minimizing the inconvenience to our passengers and attain normalcy in our operations.

 

While a majority of passengers affected as a result of these cancellations have been accommodated by SpiceJet on alternate flights, rest have been offered a full-refund.

 

Safety and security of our passengers, crew and operations are of utmost importance to us and we are closely working with the regulator and manufacturer to resolve the matter.

 

--- Tushar Srivastava, Head of Communications, SpiceJet via Twitter