Nifty ends above 10,250, up 1.4% for the week; Sensex ends 301 pts higher

All that happened in the market today

3:42 PM

Nifty Chart of the day

Source: NSE

3:41 PM

Nifty Bank up 1%

Source: NSE

3:39 PM

Sectoral Trend

Source: NSE

3:38 PM

Top Sensex gainers and losers

Source: BSE

3:36 PM

Broader Markets

Broader markets were in line with the frontline indices with BSE Midcap up 0.9% and BSE smallcap up 1% 

3:34 PM

Markets at Close

The S&P BSE Sensex ended at 33,250, up 301 points while the broader Nifty50 index settled at 10,265, up 98 points

3:20 PM

Govt to seek court approval to take control of Unitech; stock surges 20%

 

Unitech was locked in upper circuit of 20% at Rs 7.29 on the BSE with no sellers seen on the counter after media report suggested that the government to seek court approval to take control of the realty major.

 

The Exchange has sought clarification from Unitech with respect to news article appearing on www.business-standard.com on December 08, 2017 about the said report. The reply is awaited. READ MORE

3:12 PM

TCS tops MOSL's wealth creation list; Coal India, Bhel wealth destroyers

 

Tata Consultancy Services (TCS) has emerged as the biggest wealth creator during 2012–2017, finds the latest Motilal Oswal Wealth Creation Study by Raamdeo Agrawal, co-founder and joint managing director of the group.

 

"TCS has emerged as the biggest wealth creator for the period 2012-17, retaining the top spot it held in the previous four study periods (2011-16, 2010-15, 2009-14 and 2008-13). Reliance Industries (RIL) has muscled its way to the third position after not featuring in the wealth creators list in the previous study," the findings suggest.

 

The study defines wealth created as the difference in market capitalisation over a period of past five years, after adjusting for equity dilution. READ MORE

3:01 PM

Market Check at 3 pm

Index	Current	Pt. Change	% Change
S&P BSE SENSEX	33,273.57	+324.36	+0.98
S&P BSE SENSEX 50	10,714.38	+103.91	+0.98
S&P BSE SENSEX Next 50	35,763.20	+400.24	+1.13
S&P BSE 100	10,753.28	+106.98	+1.00
S&P BSE Bharat 22 Index	3,707.62	+33.04	+0.90

2:48 PM

Balkrishna Industries, Vakrangee rally up to 39% post bonus announcement

 

Shares of Balkrishna Industries and Vakrangee hit their respective new high on Friday, up 39% after their respective boards declared bonus issue to their existing shareholders. Both these stocks have outperformed the market by wide margins post bonus announcements. READ MORE

2:38 PM

Buzzing Stock

 

Shares of Steel Authority of India Ltd jumped as much as 3.9 percent after Reuters reported, citing sources, that the state-run firm was set to approve a long-proposed $1 billion JV with ArcelorMittal SA next week.

2:23 PM

Maruti Suzuki hits new high; surpasses SBI, HDFC in market-cap ranking

 

Maruti Suzuki India hit a new high of Rs 9,120 on the BSE in intra-day delas on Friday, surpassing the state-owned banking giant State Bank of India (SBI) in market capitalisation (market-cap) ranking.

 

On Thursday, Maruti Suzuki India had surpassed the India's largest mortgage lender and non-banking finance company Housing Development Finance Corporation (HDFC).

 

Maruti Suzuki India with market-cap of Rs 273,958 crore came in at number sixth position in overall ranking ahead of SBI which had market-cap of Rs 272,902 crore at 10:49 am; the BSE data showed. HDFC had market-cap of Rs 267,242 crore.

 

Maruti Suzuki India was at number 11th position in overall market-cap ranking at beginning of the current calendar year 2017 (CY17). It surpassed Infosys, Oil and Natural Gas Corporation (ONGC) and Coal India thus far in CY17. READ MORE

2:07 PM

Govt extends deadline to link Aadhaar with PAN by 3 months to March 31

 

The government on Friday extended the deadline for mandatory linking of PAN with Aadhaar by three months to March 31, 2018.

 

This is the third extension given by the government to individuals to link the Permanent Account Number (PAN) with the biometric ID.

 

The Centre had already informed the Supreme Court that it is willing to extend till March 31 the deadline fixed for mandatory linking of Aadhaar to avail various services and welfare schemes.

 

"It has come to notice that some of the taxpayers have not yet completed the linking of PAN with Aadhaar. READ MORE

1:46 PM

Interview of the day

 

Bulk of wealth is created in co's growth advantage period: Raamdeo Agrawal

 

On the eve of the launch of its 22nd Annual Wealth Creation study, Raamdeo Agrawal, co-founder and joint managing director, Motilal Oswal Financial Services talks on the learnings from the latest initiative. He also shared his views on the market outlook and why investors shouldn’t worry over the outcome of Gujarat state elections. READ FULL INTERVIEW HERE

1:30 PM

Market Check

Index	Current	Pt. Change	% Change
S&P BSE SENSEX	33,193.42	+244.21	+0.74
S&P BSE SENSEX 50	10,695.05	+84.58	+0.80
S&P BSE SENSEX Next 50	35,742.76	+379.80	+1.07
S&P BSE 100	10,736.01	+89.71	+0.84
S&P BSE Bharat 22 Index	3,694.42	+19.84	+0.54