MARKET WRAP: Sensex gains 196 pts, Nifty tops 10,850; PSBs jump up to 12%
Here's a look at all that happened in Friday's session.
 "MARKETS LIVE: Mid, smallcaps outperform Sensex; Religare Enterprises up 16%")
Heavy buying in financials, autos, metals and pharma counters and positive global cues lifted the equity markets on Friday.
The S&P BSE Sensex added 196 points or 0.55 per cent to settle at 36,064, while the NSE's Nifty50 index closed at 10,863.50, up 71 points or 0.66 per cent.
On a weekly basis, the 30-share index Sensex rose 0.53 per cent while Nifty gained 0.66 per cent.
Among individual stocks, shares of SBI Life Insurance climbed 5.47 per cent to Rs 612.25 on the BSE after CA Emerald Investments ("Emerald") acquired 9 per cent stake in the company through open market on Friday. The stock made a sharp rebound after falling over 12 per cent in the early trade.
Shares of SML Isuzu were locked in upper circuit of 20 per cent at Rs 682 on the BSE after the company reported strong 33 per cent year-on-year (YoY) growth in total sales at 1,282 units in February.
On the contrary, Bharti Airtel ended over 3 per cent lower at Rs 307.75 apiece on BSE after the company said its board of directors approved a fund raising plan of up to Rs 32,000 crore through a mix of rights issue and bond.
Sectrally, all the indices ended in the green, with media stocks advancing the most, followed by PSU banks and metals. The Nifty PSU Bank index ended over 2.50 per cent higher at 2,832 levels with all the 12 constituents ending in the positive territory.
In the broader market, S&P BSE MidCap index gained 184 points or over 1 per cent to settle at 14,503 while S&P BSE SmallCap surged over 2 per cent to end at 13,982.
GLOBAL MARKETS
Asian shares edged up on Friday after index publisher MSCI announced it would raise the weight of Chinese mainland shares in its global benchmarks, while strong US economic data lifted the dollar. China’s blue-chip CSI300 index surged 2.2 percent to finish off its best week since November 2015. Japan’s Nikkei 225 ended 1 per cent higher.
(With inputs from Reuters)
3:39 PM
Sectoral trend on NSE
3:38 PM
Top gainers and losers on S&P BSE Sensex at close
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MARKET AT CLOSE
The S&P BSE Sensex added 196.37 points or 0.55 per cent to settle at 36,063.81 while the NSE's Nifty50 index closed at 10,863.50, up 71 points or 0.66 per cent.
3:18 PM
» More on Top Losers![]()
Top losers on BSE500
| COMPANY | PRICE(rs) | CHG(rs) | CHG(%) | VOLUME |
|---|---|---|---|---|
| BHARAT DYNAMICS | 288.70 | -15.40 | -5.06 | 29050 |
| SWAN ENERGY | 114.25 | -3.65 | -3.10 | 9116 |
| BHARTI AIRTEL | 308.10 | -9.85 | -3.10 | 1015535 |
| SHEELA FOAM | 1375.00 | -34.25 | -2.43 | 2 |
| SECURITY & INTEL | 799.95 | -18.35 | -2.24 | 649 |
3:11 PM![]()
NCC Ltd bags 5 orders worth Rs 4,088 crore from state govt agencies
Infrastructure major NCC Limited on Friday announced getting five new orders worth Rs 4,088 crore last month. Of these, six orders totalling to Rs 738 crore pertain to building division and three orders totalling to Rs. 3,350 crore pertain to water division. READ MORE
3:07 PM
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NEWS ALERT | ABB India December quarter profit grows 15.4% at Rs 198 crore
2:56 PM![]()
Public sector banks gain; Oriental Bank, Union Bank soar 10%
Shares of public sector banks (PSBs) rallied up to 10 per cent on the bourses in intra-day trade after Finance Minister Arun Jaitley on Thursday assured government funding support to state-owned banks. Oriental Bank of Commerce and Union Bank of India soared 10 per cent each at Rs 91.95 and Rs 78.35, respectively, in intra-day trade. State Bank of India (SBI), Syndicate Bank, Bank of India, Punjab National Bank, Bank of Baroda, Vijaya Bank, Dena Bank, Allahabad Bank, Canara Bank, IDBI Bank and Indian Bank were up in the range of 1 per cent to 6 per cent. READ MORE
2:48 PM
Sectoral trends on NSE
2:22 PM
Carlyle Group acquires 9% stake in SBI Life; stock rises over 3%
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NEWS ALERT: Sebi cuts brokers' fee to Rs 10 per Rs 1 crore transaction
2:09 PM![]()
NEWS ALERT: Sebi allows MFs, portfolio managers to trade in commodity derivatives.
2:08 PM![]()
NEWS ALERT: Sebi approves amendments to regulations on REITs, INvITs
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Motilal Oswal Financial Services on banks
The outlook for corporate banks is improving, given the moderation in slippages, the reduction in total stressed loans and the improving profitability. Revival in credit growth, along with improved pricing power, will help drive faster NII (net interest income) growth. Among corporate lenders, we prefer Axis Bank and ICICI Bank – we expect their earnings to accelerate significantly from FY20. Within our coverage universe, we maintain our preference for ICICI Bank, Axis Bank, HDFC Bank and Federal Bank.
1:55 PM![]()
SML Isuzu hits 20% upper circuit on strong February sales numbers
Shares of SML Isuzu were locked in upper circuit of 20 per cent at Rs 682 on the BSE after the company reported strong 33 per cent year-on-year (YoY) growth in total sales at 1,282 units in February. It had sold 965 units in the same month last year. In January, the commercial vehicle maker had reported a single digit 6.3 per cent YoY growth in total sales at 997 units. READ MORE
1:45 PM![]()
Ipca Labs stock nears record high, surges 6%; here's what brokerages say
The stock has gained 9 per cent in the current week as compared to a 0.50 per cent rise in the benchmark S&P BSE Sensex in the same period. READ MORE
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First Published: Mar 01 2019 | 7:59 AM IST
