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		markets</div></div>

markets

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					After hitting a record high of 39,115.57 in the intra-day trade, the S&P BSE Sensex trimmed gains in the fag-end of the session to end at 38,837, up 164 points or 0.42 per cent. While stocks such as Reliance Industries (RIL), Infosys and TCS lifted the index higher, profit-booking in financial stocks including HDFC, Axis Bank, IndusInd Bank and HDFC Bank capped its gains.</div>
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					The broader Nifty50 index, too, slipped from the day&#39;s high of 11,738.10 to settle at 11,656, up 32 points or 0.27 per cent. Out of 50 constituents, 28 ended in the green while 22 declined.&nbsp;</div>
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					Volatility index India VIX rose 4.55 per cent to end at 17.96.&nbsp;</div>
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					In the broader market, the S&P BSE MidCap index climbed 59 points or 0.38 per cent to close at 15,539 whereas the S&P BSE SmallCap index gained 110 points or 0.73 per cent to end at 15,137.</div>
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					Sectorally, realty stocks bled the most followed by recent outperformer Nifty Bank. Media stocks, too, slipped in the trade. The Nifty Bank index fell 176 points or 0.58 per cent to end at 30,251.</div>
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					<strong>BUZZING STOCKS</strong></div>
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					Shares of Reliance Industries (RIL), which hit a new high of Rs 1,406.50 in intra-day trade on Monday, is set to become the first Indian listed company to cross the Rs 9,00,000 crore or Rs 9 trillion market capitalisation on the BSE. The stock, eventually, closed at Rs 1,392, up 2 per cent on BSE.</div>
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					Tata Motors ended over 7 per cent higher at Rs 187 after the company&rsquo;s wholly-owned subsidiary Jaguar Land Rover (JLR) said it expects better financial results for the quarter ended March 2019 (Q4FY19).</div>
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Embassy Office Parks REIT rose as much as 5.9 per cent to Rs 317.70 apiece in the early morning trade on BSE after making a debut at Rs 300, the same as the issue price. The stock ended at Rs 314.10 apiece, up 4.70 per cent.&nbsp;&nbsp;<br />
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	<strong>GLOBAL CUES</strong></div>
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	Asian stocks powered higher on Monday as positive Chinese factory gauges and signs of progress in Sino-US trade talks boosted sentiment. MSCI&rsquo;s broadest index of Asia-Pacific shares outside Japan added 1 per cent and the Shanghai Composite Index rallied 2.4 per cent. Australian stocks climbed 0.6 percent, South Korea&rsquo;s KOSPI gained 1.3 percent and Japan&rsquo;s Nikkei advanced 1.4 per cent.</div>
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	<em><strong>(With inputs from Reuters)</strong></em></div>

MARKET WRAP: Sensex falls 278 points from day's high; Nifty ends at 11,656

Business Standard

MARKET WRAP: Sensex falls 278 points from day's high; Nifty ends at 11,656 | News on Markets - Business Standard

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NEWS ALERT | Intellect Design wins a large multi-million Destiny Deal in North America

MOFSL initiates coverage on Godrej Agrovet with a 'BUY' rating

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	We expect consolidated revenue/ EBITDA CAGR (FY18-21) of 12 per cent/16 per cent to Rs 73b/Rs 7b. We expect Godrej Agrovet to generate strong Cash flow from operating activities (CFO) of Rs 12b over FY19-21 and RoCE should increase to 18.3 per cent by FY21 from 14.7 per cent in FY18.</div>

Intra-day futures recommendation by ICICI Direct

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Cement stocks rally in trade, India Cements up 6%

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Market outlook and top sectors to watch out for in FY20

Going forward, equities are likely to maintain their upward trajectory and touch new highs; however, intermittent volatility due to general elections, occasional profit booking, global developments such as Brexit, central banks&rsquo; policy decisions and oil prices cannot be ruled out. <a href="https://www.business-standard.com/article/markets/market-outlook-and-top-sectors-analysts-are-bullish-on-for-fy20-119040100073_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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At 09:17 am, the S&amp;P BSE Sensex was trading 188 points or 0.49 per cent higher at 38,861, while NSE&#39;s Nifty50 index was ruling above 11,650 levels at 11,685, up 61 points or 0.52 per cent.&nbsp;

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NEWS ALERT | Money market shut today on account of annual bank closing

Nifty has bounced back strongly from the base made near 10,585 gaining almost 8 per cent and currently at 11,630 levels, it is in an overbought zone from where the chances of a small correction or consolidation cannot be ruled out. <a href="https://www.business-standard.com/article/markets/top-trading-ideas-by-prabhudas-lilladher-buy-hindustan-unilever-irb-infra-119040100079_1.html?1554088308" target="_blank"><strong>READ MORE</strong></a>

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	<strong>BUY IRB INFRA</strong></div>
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	<strong>CMP: Rs 144.85</strong></div>
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	<strong>TARGET: Rs 165</strong></div>
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	<strong>STOP LOSS: Rs 136</strong></div>
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	The stock has made a higher bottom formation pattern on the daily chart taking support at the significant 50-DMA which lies at Rs 138 levels and has indicated an upward movement to maintain a positive bias. <a href="https://www.business-standard.com/article/markets/top-trading-ideas-by-prabhudas-lilladher-buy-hindustan-unilever-irb-infra-119040100079_1.html?1554088308" target="_blank"><strong>READ MORE</strong></a></div>

At 8:40 AM (IST), Nifty futures on Singapore Exchange (SGX) were trading at 11,730, up 54.5 points, indicating a positive start for the domestic market

MARKET WRAP: Sensex falls 278 points from day's high; Nifty ends at 11,656

All that happened in markets today

Stock gains 5%

NEWS ALERT | Intellect Design wins a large multi-million Destiny Deal in North America

MOFSL initiates coverage on Godrej Agrovet with a 'BUY' rating

Intra-day futures recommendation by ICICI Direct

Cement stocks rally in trade, India Cements up 6%

Market outlook and top sectors to watch out for in FY20

Momentum picks by ICICI Direct

Gainers and losers on NSE

Top gainers and losers on S&P BSE Sensex

MARKET AT OPEN

Market at pre-open

NEWS ALERT | Money market shut today on account of annual bank closing

Nifty outlook by Prabhudas Lilladher

Top trading ideas by Prabhudas Lilladher

SGX Nifty