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Wed, 21 Aug 2019

Northeast Today

Sensex crosses 39,000 mark for first time; Nifty above 11,700; Tata Motors, Vedanta, Tata Steel top gainers

Sensex crosses 39,000 mark for first time; Nifty above 11,700; Tata Motors, Vedanta, Tata Steel top gainers
April 01
12:09 2019

NET Bureau

The Sensex crossed 39,000 level for the first time ever in early trade and Nifty was trading just short of its record high of 11,760 hit in August last year. Markets are buoyant today ahead of RBI’s monetary policy on April 4 where analysts expect the central bank to cut key rates to spur growth. Asian markets in the green on the back of US stocks logging biggest gain in nearly a decade on Friday led the domestic indices higher. While the Sensex rallied 339 points to 39,012 in early trade, the Nifty climbed 85 points to 11,673.The Nifty is trading close to its record high of 11,760 hit in August last year. The Sensex hit 38,989, a record high, in August last year.

On 29th March, Sensex and Nifty closed in the green powered by gains in metal and auto stocks. While the Sensex closed 127 points higher at 38,672, the Nifty gained 53 points to 11,623 level.

Here’s a look at live updates for the Indian share market today.

11:50 am: Embassy Office Parks- the country’s first real estate investment trust– REIT shares rose as much as 4.83 per cent to Rs. 314.50 against its issue price of Rs. 300.

11:45 am: Nifty is trading up by 76 points and Sensex is up by 301.90 points

11:30 am: L&T gains 2.8 % to intraday high of Rs 1,423.15 after getting new strategic gas export pipeline contract that has been awarded through international competitive bidding on a Lump Sum Turn Key (LSTK) basis.

11:15 am: Cipla falls 2.5% to intraday low of Rs 515.90, as USFDA issued 8 GMP observations and 10 observations pertaining to the PAI for a novel technology product slated for approval beyond 2024 while inspecting Kurkumbh plant.

11:00 am: Sensex at record high, crosses 39,000 today,Nifty tops 11,700 fir the first time since September 3, 2018.  Nifty traded 0.54% away from its 52 week High of 11760.20.

10:55 am: Shares of Bank of Baroda (BoB) jumped over 3 per cent in early trade on Monday, as the bank amalgamated with State-run Vijaya Bank and Dena Bank in a government-forced merger, making it the first-ever three-way merger in India’s banking sector.

10:41 am: Metal stocks led the rally with the index rising 350 points to 11,697.

10:39 am: Auto and banking stocks led the rally in benchmark indices.

10: 22 am: Sensex crosses 39,000 level for first time ever, Nifty trading at 11,673, a rise of 85 points from previous close.

9:50 am: Tata Motors share price rose over 5.5% to 184 in trade today after its UK subsidiary Jaguar Land Rover Automotive expressed disappointment over S&P’s decision to downgrade the company to ‘B+’ with credit watch negative.

The firm said it expects improved financial results in the fourth quarter period to March 31, 2019, compared to the first nine months of the financial year, with significant positive cashflow in the fourth quarter.

Jaguar Land Rover is continuing to execute its product plans and Project Charge turnaround strategy to deliver 2.5 billion pound sterling of cashflow improvements by March 2020, it added.

9: 32 am: Meanwhile, the mid cap and small cap indices were trading 109  points and 133 points higher in early trade.

9: 30 am: Market breadth was positive with 1054 stocks trading higher compared to 321 falling on the BSE.

9: 27 am: Metals and consumer durables stocks led the gains with their BSE indices rising 258 points and  235 points, respectively.

9: 25 am: Among 19 BSE sectoral indices, oil and gas index was the only loser falling 50 points to 15,220.

9: 22 am: On a net basis, foreign portfolio investors (FPIs) sold shares worth a net of Rs 86 crore on Friday, and domestic institutional investors (DIIs) were net buyers to the tune of Rs 1724 crore, provisional data available with BSE showed.

9: 20 am: Vedanta (3.21%), Tata Motors (2.25%), Tata Steel (2.20%) were the top Sensex gainers.

9:15 am: Top Sensex losers were ONGC (1%), Coal India (0.97%) and HDFC (0.45%).

9:00 am: Forex, bond markets closed today for annual account closing of banks. Trading will resume on Tuesday.

The rupee closed at 69.15 per dollar on Friday and the 10-year benchmark bond yield ended at 7.49 percent.

8:55 am: Stocks finished broadly higher on Friday as Wall Street closed out the first quarter with the market’s biggest gain in nearly a decade. The S&P 500 index gained 18.96 points, or 0.7 percent, to 2,834.40. The index also notched a gain for the week.

The Dow Jones Industrial Average rose 211.22 points, or 0.8 percent, to 25,928.68. The Nasdaq composite added 60.16 points, or 0.8 percent, to 7,729.32. The Russell 2000 index of smaller company stocks picked up 4.63 points, or 0.3 percent, to 1,539.74.

Source: Business Today

 

 

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