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		markets</div></div>

markets

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				The equity benchmark indices ended a volatile session in the negative territory on Monday as investors awaited cues from March-quarter results starting this week. Besides, sell-off in oil sector and profit-booking in recent gainers also led to the decline in the market.&nbsp;</div>
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				The S&P BSE Sensex shed 162 points or 0.42 per cent to close the day at 38,701 with Bajaj Finance being biggest loser and Infosys the top gainer. Out of 30 components of the index, 21 scrips ended in the red and rest nine in the green.&nbsp;</div>
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				In the broader market, the S&P BSE MidCap fell 111 points or 0.72 per cent to end at 15,398 while the S&P BSE SmallCap index ended at 14,987, down 59 points or 0.39 per cent.&nbsp;</div>
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				Volatility index India VIX jumped over 9&nbsp; per cent to end at 20.10, indicating a sharp jump in volatility in the market.</div>
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				The broader Nifty50 index of the National Stock Exchange (NSE) closed below the 11,650 level to settle at 11,604.50, down 61 points or 0.53 per cent.&nbsp;</div>
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				<strong>SECTOR WATCH</strong></div>
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				All the sectoral indices on NSE barring IT ended in the red. Realty stocks bled the most, followed by PSU bank and media counters. The Nifty Realty index slipped 2 per cent to end at 270.&nbsp;&nbsp;</div>
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				On the other hand, the Nifty IT index ended at 16,028, up 105 points or 0.66 per cent.</div>
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				<strong>BUZZING STOCKS&nbsp;</strong></div>
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				NIIT shares surged 20 per cent to Rs 114.50 on the BSE in the intra-day trade after a funds affiliated with Baring Private Equity Asia (BPEA) said that it will buy the company&#39;s and promoter entities&#39; 30 per cent stake in NIIT Technologies for about Rs 2,627 crore. The stock ended at Rs 114, up 19 per cent.&nbsp;</div>
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				Shares of Lakshmi Vilas Bank (LVB) were locked in the upper circuit for the third straight trading days after rising 5 per cent to Rs 97.35 on the BSE on Monday after the private sector lender announced merger with non-banking finance company Indiabulls Housing Finance (IHF).</div>
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				Gujarat Gas shares rallied 9 per cent to Rs 168 in intra-day trade on the BSE on Monday, surging 15 per cent in the past three trading days, after the company announced that it has received a grant of authorization for city gas distribution networks. Shares, eventually, ended at Rs 157, 2.05 per cent.&nbsp;</div>
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				On the other hand, shares of oil and gas companies fell in the trade. OMCs such as HPCL, BPCL, and IOC slipped up to 4 per cent on BSE.&nbsp;<br />
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	<strong>GLOBAL CUES</strong></div>
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	Asian shares briefly brushed seven-month peaks on Monday as investors cheered a rebound in US payrolls and hints of more stimulus in China, but caution soon surfaced ahead of what is likely to be a tough US earnings season.<br />
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		MSCI&rsquo;s broadest index of Asia-Pacific shares outside Japan went flat having reached its highest since August. Japan&rsquo;s Nikkei was off 0.1 per cent after reaching its high of the year so far. E-Mini futures for the S&P 500 eased 0.2 per cent and futures pointed to a soft start for the major European bourses.</div>
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	<strong><em>(With inputs from Reuters)</em></strong></div>

MARKET WRAP: Sensex loses 162 pts, Nifty ends at 11,605; India VIX jumps 9%

Business Standard

MARKET WRAP: Sensex loses 162 pts, Nifty ends at 11,605; India VIX jumps 9% | News on Markets - Business Standard

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NEWS ALERT | BJP releases its manifesto 'Sankalp Patra' for LS Elections 2019

HPCL, BPCL and Indian Oil Corp drop up to 3% as crude oil prices rise

Shares of oil marketing companies (OMCs) such as Hindustan Petroleum (HPCL), Bharat Petroleum (BPCL) and Indian Oil (IOC) dropped up to 3 per cent in the morning trade on Monday as the international crude oil prices rose to their highest level since November 2018, owing to OPEC&rsquo;s ongoing supply cuts, US sanctions against Iran and Venezuela, and strong US jobs data. <a href="https://www.business-standard.com/article/markets/hpcl-bpcl-and-indian-oil-corp-drop-up-to-3-as-crude-oil-prices-rise-119040800236_1.html?1554701061" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="ONGC to takeover HPCL" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2017-07/20/full/1500493951-596.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="HPCL" width="620" /></div>
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Gujarat Gas gains 15% in three days on approval for new geographical areas

Gujarat Gas shares rallied 9 per cent to Rs 168 in intra-day trade on the BSE on Monday, surging 15 per cent in the past three trading days, after the company announced that it has received a grant of authorization for city gas distribution networks <a href="https://www.business-standard.com/article/markets/gujarat-gas-gains-15-in-three-days-on-approval-for-new-geographical-areas-119040800235_1.html?1554702589" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="India to get investment of around Rs 1.1 trillion in city gas distribution" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2018-11/19/full/1542644157-7571.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="city gas" width="620" /></div>
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NEWS ALERT |  BJP to release its manifesto for LS Elections 2019 shortly

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Financials to drive earnings growth in Q4: JM Financial

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	In 4QFY19, we expect a profit growth of c.15% YoY for our consideration set (JM coverage universe ex-PSU/corporate banks - Axis, ICICI, and TATA motors) with revenue growth of c.8% YoY. Profitability is expected to improve with overall EBITDA margin expansion of c.60bps YoY driven by utilities and real estate companies. Including the corporate banks would lift the PAT growth to c.22% YoY for our coverage universe. For the Nifty50, 4QFY19E EPS is likely to grow by c.17% aided by strong growth in financials, and healthcare even as telecom and consumer discretionary (autos) remain a drag. At the end of this quarter, full year FY19 Nifty EPS is estimated to grow at 6.3%YoY.</div>

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NEWS ALERT | Bank of Maharashtra cuts lending rate by 5 bps across tenors

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MARKET WRAP: Sensex loses 162 pts, Nifty ends at 11,605; India VIX jumps 9%

All that happened in markets today

NEWS ALERT | BJP unveils its manifesto 'Sankalp Patra' for LS Elections 2019

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Market check

Past five years will be remembered for the development that has taken place: Amit Shah

NEWS ALERT | BJP releases its manifesto 'Sankalp Patra' for LS Elections 2019

HPCL, BPCL and Indian Oil Corp drop up to 3% as crude oil prices rise

NEWS ALERT | TVS Motor launchs four new products in Bangladesh

NEWS ALERT | PM Modi arrives for BJP's manifesto release

Gujarat Gas gains 15% in three days on approval for new geographical areas

NEWS ALERT | BJP to release its manifesto for LS Elections 2019 shortly

CG Power rises 3%

Financials to drive earnings growth in Q4: JM Financial

Balrampur Chini Mills tumbles 8%

NEWS ALERT | Bank of Maharashtra cuts lending rate by 5 bps across tenors

DLF Limited down 6%