MARKET WRAP: Sensex gains 490 pts to end above 39k ahead of F&O expiry

All that happened in the markets today

A last hour surge led by gains in financials and IT stocks helped the benchmark indices snap their 3-day losing streak and close Wednesday's session at day's high.

The BSE Sensex ended the day at 39,055, up 490 points, or 1.27 per cent, with the highest gains in HCL Tech, ONGC, IndusInd Bank, YES Bank and Bharti Airtel. Out of 30 components, 23 scrips ended in the green and rest seven in the red. Broader index Nifty50 surged 150 points to close at 11,726. About 1,232 shares advanced while 1,237 shares declined, and 157 shares remained unchanged.

Market breadth was in favour of advances with advance-decline ratio at 1:1

In the broader market, the S&P BSE Midcap index ended with a gain of 65 points, or 0.43 per cent, at 15,218 while the S&P BSE Smallcap index ended at 14,847, up 61 points or 0.42 per cent.

Among sectoral indices, only the Nifty Auto index ended in red, with the Nifty PSU Bank index being the biggest gainer, up 1.5 per cent.

BUZZING STOCKS

ACC shares ended the day at Rs 1,600.70, a decline of 3.67 per cent on the National Stock Exchange (NSE) after the company reported a lower-than-expected operating performance in the quarter ended March, 2019 or Q1CY19. READ MORE

Shares of Oil and Natural Gas Corporation (ONGC) hit a 6-month high of Rs 170, up 4 per cent, in intra-day trade on Wednesday, and ended the day at Rs 168.35, a gain of 2.81 per cent, on the expectations of strong earnings in the January-March quarter (Q4FY19). READ MORE

Indiabulls Real Estate surged 10 per cent to close the day at Rs 115.70 on the NSE on the back of heavy volumes after the company said it has decided to divest Century, the parent company that houses Hanover Square property, London. The company has decided to focus only on Mumbai & National Capital Region (NCR) markets. READ MORE

GLOBAL MARKETS

Equity markets in Asia faltered on Wednesday amid losses in South Korea and uncertainty over China’s plans for further stimulus as the economy shows signs of regaining its footing.

MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.3 per cent lower, erasing early gains in the wake of record closing highs on Wall Street overnight. Japan’s Nikkei stock index ended down 0.3 per cent.

(with Reuters input)

3:48 PM

Top gainers on BSE500

COMPANY	PRICE(rs)	CHG(rs)	CHG(%)	VOLUME
BANK OF MAHA	18.02	1.77	10.89	1580092
RELIANCE NIP.LIF	207.70	20.30	10.83	368606
INDBULL.REALEST.	115.65	10.10	9.57	4258322
RELIANCE CAPITAL	155.90	12.10	8.41	2720464
CG POWER & INDU.	37.50	2.65	7.60	1198761

» More on Top Gainers

3:47 PM

Heatmap: S&P BSE Sensex

3:45 PM

Nifty sectoral indices at close

3:44 PM

Market at close

3:41 PM

Market at close | NSE Nifty gains 150 points to close at 11,726

3:41 PM

Market at close | BSE Sensex closes 490 points higher at 39,054

3:21 PM

Stocks that hit 52-week low on S&P BSE Sensex

COMPANY	PRICE(rs)	52 WK LOW	CHG(rs)	CHG(%)
ASAHI INDIA GLAS	239.50	235.00	-4.65	-1.90
EVEREADY INDS.	155.55	155.00	-10.70	-6.44
HEG	1794.00	1767.80	-53.05	-2.87
REL. COMM.	1.90	1.90	-0.09	-4.52
RELIANCE POWER	7.68	7.31	0.02	0.26

» More on 52 Week Low

3:20 PM

Top gainers on BSE500

COMPANY	PRICE(rs)	CHG(rs)	CHG(%)	VOLUME
BANK OF MAHA	18.20	1.95	12.00	1482686
RELIANCE NIP.LIF	205.75	18.35	9.79	328542
INDBULL.REALEST.	115.10	9.55	9.05	3979185
CG POWER & INDU.	37.60	2.75	7.89	1067312
RELIANCE CAPITAL	153.90	10.10	7.02	2435041