Market Opens :
Indian indices opened higher on Tuesday with Nifty above 11,700 level.
At 09:17 hrs IST, the Sensex is up 173.03 points or 0.44% at 39078.87, and the Nifty up 51.50 points or 0.44% at 11741.90. About 546 shares have advanced, 156 shares declined, and 30 shares are unchanged.
Dr Reddy's Lab, Vedanta, Cola India, ICICI Bank, IOC, Asian Paints, Wipro, Hero Moto, JSW Steel , Bharti Airtel, SBI are the major gainers on the indices in the morning trade, while on the other hand Infosys, Tata Motors, HUL and Tata Steel are trading lower.
All the sectoral indices are trading in green led by metal, pharma, energy, auto, infra, bank and IT.
Nifty50 touched a record high in today's trading as it crossed its earlier high of 11761.
At 09:58 hrs IST, the Sensex is up 285.22 points or 0.73% at 39191.06, and the Nifty up 78.30 points or 0.67% at 11768.70.
Rupee Opens :
The Indian rupee opened lower by 7 paise at 69.49 per dollar on Tuesday versus 69.42 yesterday.
New Listing :
Shares of Polycab India settled at Rs 633 on the Bombay Stock Exchange against issue price of Rs 538.
Global Markets :
Wall Street ends lower :
Wall Street lost ground on Monday, dragged down by financials as underwhelming bank earnings curbed investor enthusiasm.
SGX Nifty :
Trends on SGX Nifty indicate a flat opening for the broader indices in India, a gain of 17 points or 0.14 percent. Nifty futures were trading around 11,754-level on the Singaporean Exchange.
Asian markets trade mixed :
Asian stocks hovered below a nine-month peak on Tuesday after disappointing bank earnings dented Wall Street, though recent signs the global economy is likely to avoid a sharper downturn helped limit the losses.
Domestic Markets :
March quarter snapshot :
Banking & IT sectors among 5 FII favourites
The S&P BSE IT index rose 8%, while Nifty Bank rose 12% hitting record high, S&P BSE oil & gas index gained 11% and Nifty Pharma gained 5% in the March quarter.
Foreign investors poured in more than Rs 46,000 crore in the March quarter into Indian equities with maximum investments in five sectors, including financials, IT and automobile.
Total financial services sector witnessed the highest inflows as on March 31. According to NSDL data, Total financial services includes banks and other financial services (financial institutions, holding companies, HFCs, NBFCs, AMC, and EFT).
Apart from financials, foreign investors preferred to pour money into technology stocks, oil & gas, autos and pharma names.
Lok Sabha election tracker LIVE:
Adityanath, Mayawati, Azam Khan, Maneka Gandhi face campaign ban for controversial remarks
Congress President Rahul Gandhi will be in Kerala today to address four rallies:
> Kollam
> Pathanamthitta
> Kottayam
> Alappuzha
LS polls in Vellore likely to be cancelled: Sources
The Lok Sabha polls in Vellore constituency in Tamil Nadu is likely to be cancelled over excess use of money power, sources aware of the development said on April 15.
The Election Commission is learnt to have prepared a recommendation in this regard to be sent to the president.
Stocks in news:
Results on April 16: Wipro, Mastek, 5paisa Capital, Den Networks, Asutosh Enterprises, Northern Projects
Wires and cables manufacturer Polycab India will make a debut on bourses on April 16 after an overwhelming response to its public issue last week. The final issue price is fixed at the higher end of the price band of Rs 533-538 per share.
Tata Metaliks Ltd, a pig iron manufacturer and supplier, said Monday its net profit rose by 17.74 percent to Rs 64.35 crore during the quarter ended March 31, 2019.
Jet Airways' survival remained under serious threat after its lenders Monday deferred a much-anticipated decision to provide emergency funds to the carrier following a marathon meeting, even as its pilots' union appealed to the lenders and the prime minister to save the airline.
Lenders are unlikely to extend any interim funding for company as of now and will weigh seriousness of bids received before firming up plans on funding.
Hathway Cable Q4: Standalone net loss at Rs 55 crore versus profit at Rs 12.6 crore; revenue down 9.1 percent to Rs 132.4 crore versus Rs 145.7 crore YoY.
TCS: Zions Bancorporation unifies lending operations with TCS BaNCS.
Prestige Estates: Company buys balance 51 percent share in Babji Realtors Private Limited through subsidiary company for Rs 364 crore.
JM Financial's subsidiary has filed the Shelf Prospectus and Tranche I prospectus, with the Registrar of Companies and SEBI pertains to the public issue of Secured NCDs aggregating up to Rs 2000cr
's subsidiary has filed the Shelf Prospectus and Tranche I prospectus, with the Registrar of Companies and SEBI pertains to the public issue of Secured NCDs aggregating up to Rs 2000cr
Syndicate Bank: Bank cuts MCLR rate by 5 bps across all tenures.
Canara Bank appointed R.A. Sankara Narayanan as MD & CEO of bank
Lakshmi Vilas Bank: Board to meet on April 22 to decide price of shares issuance. Bank is proposing to make preferential allotment to Indiabulls Housing Finance to extent of 4.99 percent and is expected that the relevant date could be by the end of April 2019.
Deepak Fertilizers: Company commences commercial production of nitric acid plant at Dahej, Gujarat. Facility to cost approximately Rs 550 crore.
Dr Reddy's Lab received Establishment Inspection Report (BIR) from USFDA, for its formulations manufacturing plant - 3 at Bachupally, Hyderabad
Cipla: Company''s wholly owned subsidiary in USA i.e. Cipla Technologies LLC has signed the definitive agreement with Pulmatrix Inc for the development and commercialisation of Pulmazole, – an inhaled iSPERSE formulation of the antifungal drug itraconazole for the treatment of allergic bronchopulmonary aspergillosis (ABPA) in patients with asthma.
Dynamatic Technologies launched TEJAS MA|N FUSELAGE ASSEMBLY for Hindustan Aeronautics
Suven Life Sciences: Board approved the enhancement of investment limits in subsidiary in USA Suven Neurosciences, Inc. from $25 million upto $50 million to undertake clinical trials on the molecules in the pipeline.
Cyient: Company rolled out a portfolio of services and solutions that help communication service providers (CSPs) expedite 5G network rollouts globally.
Majesco unveils Majesco P&C core suite version 11
Analyst or Board Meet/Briefings
Indian Energy Exchange: Company will announce its March quarter earnings on April 26.
Ramco System: Investor meet is scheduled on April 16, 2019 at Mumbai arranged by Emkay Global Financial Services Ltd. with HDFC MF, Goldman Sach AMC, Reliance AMC, IDFC MF, UTI MF, Lucky Sec, ICICI Pru MF, MK Ventures, Edelweiss, Suyash, BNP MF, Ashmore.
Nestle India: Board will consider declaration of interim dividend for the year 2019, if any, on April 25.
Deepak Fertilisers: Board meeting is scheduled on April 22 to consider issue of foreign currency convertible bonds by the company & issue of compulsory convertible debentures by company's wholly owned subsidiary Smartchem Technologies Ltd.
M&M: Company's officials will meet Theleme Partners on April 16 and Elo Mutual Pension Insurance Company on April 17.
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