Indices end nearly 1% higher, Nifty at 10,583; realty, auto stocks surge

All that happened in the market today.

3:50 PM

Market rundown by Nikhil Kamath, Co-Founder and Head of Trading, Zerodha

"Markets opened the day higher for the session on the back of positive global cues and an upbeat global outlook.The American indices closed higher by over a percent on Friday, and we seemed to follow them to open higher in trade on Monday.

 

IT and Pharma took a break from having rallied over the past few sessions and were weak in trade today, Auto and banks outperformed and held up for the session."

3:43 PM

Second highest sectoral gainer: Nifty Auto

3:41 PM

Top sectoral gainer: Nifty Realty

3:37 PM

Sectoral Trend

3:37 PM

Sensex top losers and gainers

3:33 PM

Market at close

 

The S&P BSE Sensex ended at 34,446, up 304 points while the broader Nifty50 index settled at 10,583, up 92 points.

3:21 PM

Realty shares in focus; Nifty Realty index up nearly 4%

Shares of real estate companies were in focus with the Nifty Realty index surging nearly four per cent on the National Stock Exchange (NSE), on back of strong rally in Oberoi Realty and Prestige Estates. READ MORE

3:20 PM

Statsguru: India Inc's revenue growth perks up in Q3FY18

The net sales of more than 3,000 companies analysed by Business Standard grew by 10.1% in the third quarter of 2017-18, up from 7.2% in the previous quarter. Excluding those of oil companies, banks, and other financial firms, net sales rose by 9.1% in Q3FY18, up from 6.3% in the previous quarter. CLICK HERE FOR FULL STORY

3:16 PM

Tata Elxsi moves higher on pact with Zee's digital platform

 

Tata Elxsi was up 2.6% to Rs 1,046 on BSE after the company partnered with digital entertainment platform of Zee Entertainment Enterprises for front-end applications. ZEE5, the newly launched digital entertainment destination by Zee Entertainment Enterprises (ZEEL) has partnered with Tata Elxsi for its front-end applications.

3:13 PM

UPL rises after subsidiary approves fund raising

 

UPL gained 2.22% to Rs 715.65 on BSE after the company said that its wholly-owned subsidiary, UPL Corporation approved the proposal to launch an offering of US dollar denominated senior unsecured notes. The announcement was made during market hours today. The notes are proposed to be listed on the Singapore Stock Exchange. 

2:59 PM

Sectoral Trend

2:56 PM

Bad news for Gitanjali, PNB, OBC: Few scam-related stocks regain lost glory

Nearly a dozen companies that have been named in various scams, frauds or price rigging at the bourses in over two decades have lost over 90 per cent of their market value from their all-time high levels, data show. READ MORE

2:41 PM

News Watch KG block production may be delayed due to GST-like policy changes: ONGC

Oil producer ONGC has said it may miss the June 2019 target for starting production from its Krishna Godavari basin block due to new policies like GST and local purchase preference rules, including the one that mandates state-owned firms to source domestic iron and steel for an infrastructure project. READ MORE

2:29 PM

MUST READ Address ownership issue: Functioning of PSBs seeks urgent corrective action

The crisis in public sector banks is the result of many factors. The finance minister has rightly stressed the role of auditors, regulators, bank managements themselves, and, of course, businessmen. What is missing in this list is the government itself, which is the primary shareholder in these banks, as well as the authority that appoints and dismisses bank managements. CLICK HERE FOR FULL STORY

2:27 PM

Market Check

 

S&P BSE Sensex	34,420.81		0.82%
Nifty 50	10,582.50		0.87%
S&P BSE 200	4,623.92		0.84%
Nifty 500	9,331.85		0.87%
S&P BSE Mid-Cap	16,678.81		0.71%
S&P BSE Small-Cap	18,158.10		0.90%