Markets end at five-week high; Sensex up 276 pts, Nifty settles at 10,093

All that happened in Tuesday's trade

4:18 PM

Vinod Nair, Head of Research, Geojit Financial Services 

 

Market has come out of the consolidation phase on account of continued uptrend in global market. Buying in metal and auto stocks with signS of improvement in demand added impetus to the market and closed near their fresh highs. Additionally, domestic macro data IIP & CPI inflation to be released today are expected to improve to 1.7% from -0.1% June and 3.2% vs 2.4% July, respectively.

4:17 PM

Mutual funds' flow into equities at two-year high

 

Till September 7 2017, MFs have pumped in a net Rs 73,428 crore in equities, surpassing their previous high recorded two years ago. During the entire calendar year 2015 (CY15), they had made a net investment of Rs 72,199 crore in equities. In CY15, MFs reported net inflow of Rs 48,170 crore. READ FULL REPORT

3:51 PM

Mahanagar Gas zooms 128% since listing

Since July 1, 2016, the stock appreciated by 128% from Rs 520, against 18% rise in the Nifty 50 index. It zoomed 181% against its initial public offer (IPO) price of Rs 421 per share. READ FULL REPORT 

3:47 PM

Sensex heatmap at close 

Source: BSE

3:39 PM

Broader markets hit fresh highs

Broader markets outperformed to hit their fresh closing highs. The BSE Midcap and the BSE Smallcap indices added 1% each. 

3:37 PM

Markets at close

 

The Nifty50 index witnessed its second-best closing. The index settled at 10,093, up 87 points, while the Sensex closed at 32,158, up 276 points. 

3:27 PM

Equirus on DCB Bank

 

Given that 86% of DCB’s mortgage borrowers are self-employed, it could see some increase in mortgage NPLs in 2QFY18 due to the GST impact. However, we believe eventually, loss given defaults would be contained. Moreover, DCB has floating provisions of ~Rs 440 million. We have an ADD rating with an ERoE-based TP of Rs 210 corresponding to a 2.5x Sep’18 ABV of Rs 86.

3:24 PM

Top five gainers on Nifty as index nears 10,100

Source: NSE

3:19 PM

Why you should bank on gold in these uncertain times

 

Gold has rallied 3.48 per cent over the past one month and is now trading above the Rs 30,000-mark in the Indian market. In the international market too, it has breached the $1,300 per ounce mark — a level it had been unable to cross for about 10 months. READ FULL REPORT

3:15 PM

European markets

 

European bourses continued their relief rally, trading higher on Tuesday after stock markets in Asia and in the United States hit record highs as worries about Hurricane Irma and North Korea’s nuclear standoff eased.

 

All major trading centers and most sectors traded in positive territory as the The pan-European STOXX 600 index jumped to a one-month peak, although some investors questioned how sustainable current markets levels are. France's CAC 40 was up 0.4%, while Britain's FTSE 100 bucked the trend to lose 0.1%.

3:12 PM

Buzzing stock

 

NBCC (India) rose over 3% to Rs 214 on BSE after the company said it was awarded two contracts in the capacity of project management consultant.

3:08 PM

Markets extend gains

 

At 3:07 am, the Sensex was trading at 32,167, up 285 points, while the broader Nifty50 was ruling at 10,096, up 90 points.

3:00 PM

Volatility index

India VIX eased nearly 6% to 11.

Source: NSE

2:49 PM

Divi's Laboratories leads gainers in 'A' group

 

Divi's Laboratories jumped over 9% to Rs 786. The stock topped the gainers in the BSE's 'A' group. On the BSE, 5.71 lakh shares were traded on the counter so far as against the average daily volumes of 99,000 shares in the past two weeks.

2:36 PM

Reliance Securities on YES Bank

 

We expect YES Bank will sustain continued improvement in operating metrics led by dwindling headwinds on asset quality front and improving balance sheet growth, especially from retail segment. Hence, we maintain our BUY recommendation on the stock with a target price of Rs 2,051, based on 3.1x FY19E (earlier 1.9x) adjusted book value.