Markets end positive for 7th straight session, up over 1% for the week

All that happened in the markets today

4:01 PM

Market rundown by Vinod Nair, Head of Research, Geojit Financial Services 

 

"Market traded in a positive bias on account of renewed buying in IT stocks and expectation of sovereign rating upgrade. Domestic fundamentals are better while a positive upgrade in rating will provide more conviction to investors on the government’s reforms agenda."

3:39 PM

Nifty PSU Banks fall

Source: NSE

3:38 PM

Sectoral Trend

Source: NSE

3:36 PM

Top Sensex gainers and losers

Source: BSE

3:34 PM

Broader Markets

In broader markets, the BSE Midcap and BSE Smallcap indices ended 0.6% and 0.5% higher

3:32 PM

Markets at close

The S&P BSE index ended the day at 33,679, up 91 points while the broader Nifty50 index settled at 10,389, up 40 points

3:17 PM

BSE to auction investment limits for Rs 4,000-cr govt bonds

 

Leading stock exchange BSE on Friday said it will auction investment limits on Monday, enabling foreign investors to purchase government bonds nearly worth Rs 4,000 crore.

 

The auction will be conducted on BSE's 'ebidexchange' platform from 1530 hrs to 1730 hrs, after the close of market hours, the exchange said in a circular.

 

The debt auction quota gives overseas investors the right to invest in the debt up to the limit purchased.

3:05 PM

Theresa May steps up lobbying efforts to broaden Brexit talks with EU

 

British Prime Minister Theresa May is stepping up her lobbying efforts to broaden Brexit negotiations with the European Union to future relations and trade, as the talks bog down on preliminary issues.

 

May said today that she will hold meetings in Brussels, including with EU Council President Donald Tusk, about progress in the talks, which must be completed well before Britain leaves the bloc in March 2019.

 

She sidestepped questions about how much Britain would pay to settle its EU financial accounts, saying talks will look "ahead to the future deep and special partnership that I want with the European Union."

2:54 PM

HDFC Life to raise exposure to capital goods stocks on govt infra push

 

HDFC Standard Life Insurance Co is looking to invest more in the capital goods sectors and a range of companies that are expected to benefit from a major government push to build more homes and roads.

 

Funds are likely to be put into cement makers, suppliers of building materials such as tiles and paints, and financiers of the road and housing projects, Prasun Gajri, chief investment officer at HDFC Life told Reuters.

 

"I think the entire capital goods sector could start looking better than what it has been in the past," said Gajri, who oversees management of more than $15 billion of investments in debt and equity. "We could look to increase exposure in some of these areas as we go along." READ MORE

2:43 PM

Uber's $10-bn stock sale deal with SoftBank shrouded in data breach scandal

 

A newspaper advertisement for an Uber Technologies Inc stock sale was juxtaposed on Wednesday with a report that the ride-service provider had covered up a data hack - something of a metaphor for Uber, a company with boundless investor interest, but whose penchant for rule-breaking has led to a series of scandals.

 

The stock sale advertised in the New York Times will enable Uber investors to sell their shares to Japanese investor SoftBank, a critical deal for the company whose problems included building software to spy on competitors and to evade regulators and being investigated in Asia for paying bribes. READ MORE

2:30 PM

Market Check

Index	Current	Pt. Change	% Change
S&P BSE SENSEX	33,701.43	+113.35	+0.34
S&P BSE SENSEX 50	10,834.67	+46.26	+0.43
S&P BSE SENSEX Next 50	35,793.89	+131.89	+0.37
S&P BSE 100	10,855.65	+45.30	+0.42
S&P BSE Bharat 22 Index	3,752.03	+9.53	+0.25

2:19 PM

Action Construction zooms over 100% in one month; stock hits new high

 

Action Construction Equipment hit a new high of Rs 156, up 10% on the BSE, extending its 60% surge of the past two weeks after the company reported nearly three-fold jump in its net profit at Rs 11 crore in September 2017 quarter (Q2FY18). The company engaged in transport related services business had posted profit of Rs 4 crore in the same quarter of the last fiscal year.

 

Revenue from operations during the quarter under review increased by 31% at Rs 251 crore against Rs 190 crore in the corresponding quarter of previous fiscal. READ MORE

2:06 PM

RIL sells stake in US Marcellus shale assets to BKV Chelsea for $126 mn

 

Reliance Industries (RIL) on Friday announced that a subsidiary of its Reliance Holding USA has closed the sale of its upstream Marcellus shale assets in America to BKV Chelsea for $126 million.

 

The Mukesh Ambani-led RIL said that Reliance Marcellus II has sold its interest in the shale gas assets in northeastern and central Pennsylvania state in the US to BKV Chelsea, an oil and gas affiliate of American investment firm Kalnin Ventures. 
 

The sale transaction of the assets, currently operated by Carrizo Oil and Gas, closed on November 21, an RIL statement said.  READ MORE

 

1:51 PM

Bajaj Finserv offers lowest interest rate of 8.30% on home loans

 

Bajaj Finserv, through its lending arm, Bajaj Finance Ltd., announced the lowest ever interest rates on home loans and home loan balance transfer in its limited period offer.

 

Home buyers can now avail a loan at 8.30 per cent for a loan value above Rs 30 lakh. Currently, it is one of the lowest interest rates offered by any financial institution in the country.

 

Bajaj Finserv is also offering the highest top-up value of Rs 50 lakh for applicants opting for balance transfer at a minimal interest rate. The top-up amount can be used for different purpose like new home decor and improvement, wedding or holiday expenses, or second home investment through a very simple process. This unique proposition of home loan balance transfer with a top-up from Bajaj Finserv could ensure lower interest rates and savings on EMI's. READ MORE

1:35 PM

Top Sensex gaienrs and Losers

Source: BSE