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Sensex Closes At Record High; Nifty Ends Near 12,000

Sensex Closes At Record High; Nifty Ends Near 12,000
A trader is reflected in a monitor on the trading floor. (Photographer: Michael Nagle/Bloomberg)
6 years ago
Markets Today | Catch all the live updates on share prices, index moves, corporate announcements and more from Sensex and Nifty today on BloombergQuint. 

Indian equity benchmark—S&P BSE Sensex—ended at record high.

The 31-share index rose 0.45 percent higher to end at an all-time high at 40,651.64. It had risen as much as 0.86 percent to hit 40,816.38 intraday.

The NSE Nifty 50 rose 0.49 percent to close near 12,000. The broader markets represented by the NSE Nifty 500 Index rose 0.44 percent.

The market breadth, however, was tilted in favour of sellers. About 922 stocks declined and 890 shares declined on National Stock Exchange.

Eight out of 11 sectoral gauges compiled by NSE ended higher, led by the NSE Nifty Pharma Index’s 3.3 percent gain. On the flipside, the NSE Nifty Realty Index was the worst sectoral performer, down 1.5 percent.

BEML

  • Stock rose as much as 8 percent to Rs 1,011.35.
  • Government gives in principle approval for strategic disinvestment.

Shree Cement

  • Stock rose as much as 3.4 percent to Rs 20,680.
  • Launches QIP, floor price set at Rs 19806.46 per share. Board to consider the issue price on Nov. 22

Ingersoll Rand

  • Stock rose as much as 17.5 percent to Rs 729.85.
  • About 2.34 crore shares of the company changed hands in a large trade, Bloomberg data showed. Buyers and sellers were not known immediately.

Dish TV

  • Stock rose as much as 20 percent to Rs 18.
  • Fresh longs seen with high open interest of 22.3 percent.

Shares of Piramal Enterprises rose as much as 3.5 percent to Rs 1,822.30. The stock, however, retreated to trade 1.1 percent higher.

  • Piramal Enterprises has offered to repay a Rs 1,500 crore of debt to Standard Chartered Plc. early after getting a waiver on a covenant.
  • The flagship company of the group—which runs non-bank financiers and a drug maker—hasn’t furnished additional security, as mandated, for the 9.5 percent notes maturing in January.
  • Piramal has offered to repay the debt using money raised from a preference issue to Canadian pension fund Caisse de Depot et Placement du Quebec, and from other sources.

Source: Bloomberg quoting people with knowledge of the matter.

Stocks in Europe and Asia fell along with American equity-index futures after the U.S. Senate passed legislation supporting Hong Kong protesters, drawing a rebuke from China and potentially complicating trade talks.

  • The Stoxx Europe 600 Index dropped 0.6 percent.
  • Futures on the S&P 500 Index decreased 0.3 percent.
  • The U.K.‘s FTSE 100 Index sank 0.6 percent.
  • The MSCI World Index of developed countries fell 0.2 percent.
  • The MSCI Emerging Market Index declined 0.4 percent.

Get your daily fix of global markets here.
Source: Bloomberg

Nifty’s 12,000 call option contract was among the most active Nifty option contracts on National Stock Exchange.

Premium on the contract, which is set to expire on Nov. 21, rose 79.72 percent to Rs 51.85. Over 3.9 lakh shares were added to the open interest which stood at over 26.76 lakh shares.

Indian equity benchmark—S&P BSE Sensex—hit a fresh all-time high.

The 31-share index rose as much as 0.7 percent to hit a new record high at 40,754.49. The NSE Nifty 50 rose 0.6 percent to trade above 12,000-mark. The broader markets represented by the NSE Nifty 500 Index rose 0.5 percent.

Shares of Ingersoll Rand India rose as much as 5.3 percent to Rs 654.

About 2.34 crore shares of the company changed hands in a large trade, Bloomberg data showed. Buyers and sellers were not known immediately.

Trading volume was more than 19 times its 20-day average, Bloomberg data showed. Of the shares traded, 51 percent were at the ask price and 25 percent were at the bid.

Shares of Siemens India fell as much as 2.8 percent to Rs 1,535.55 after the company announced its fourth quarter results.

Key Earnings Highlights (Q4FY19, YoY)

  • Revenue rose 4.8 percent to Rs 4,128.8 crore. (Estimate Rs 4,230.8 crore).
  • Net profit rose 18.3 percent to Rs 333.9 crore. (Estimate Rs 369.8 crore).
  • Ebitda fell 3.1 percent to Rs 405.6 crore. (Estimate Rs 457.4 crore).
  • Margins stood at 9.8 percent versus 10.6 percent. (Estimate 10.8 percent).
  • Dividend of Rs 7 per share.

Shares of Yes Bank fell for the fourth consecutive trading session. The stock fell as much as 3.4 percent to Rs 62.

The Mumbai-based lender said that the Reserve Bank of India found under-reporting of bad loans at the bank in the previous financial year.

The regulator had previously detected a divergence in the assessment of bad loans in 2015-16 and 2016-17 but none in 2017-18. The country’s central bank assessed the level of gross non-performing assets at Rs 11,159 crore during in previous financial year, according to its stock exchange filing. The bank had disclosed gross NPAs of Rs 7,882 crore, implying a divergence of Rs 3,277 crore or 41 percent. The divergence in reporting of net NPAs for the year stood at Rs 2,299 crore or 51 percent of the net NPA amount reported by the bank, the notification added. (Click here to read the full story)

Indian equity benchmarks opened higher, extending gains for the second consecutive trading session.

The S&P BSE Sensex rose 0.29 percent to 40,290 and the NSE Nifty 50 rose 0.31 percent to 11,977. The broader markets represented by the NSE Nifty 500 Index rose 0.33 percent.

The market breadth was tilted in favour of buyers. About 838 stocks advanced and 540 shares declined on National Stock Exchange.

Seven out of 11 sectoral gauges compiled by NSE traded higher, led by the NSE Nifty PSU Bank Index’s 0.5 percent gain. On the flipside, the NSE Nifty FMCG Index was the top sectoral loser, down 0.4 percent.

  • Granules India to meet Farley Capital on Nov. 20.
  • Escorts to meet Yes Securities, Alquity Investment Management and other investors from Nov. 21- Dec. 4.
  • Brigade Enterprises to meet Somerset Capital on Nov. 21.
  • PI Industries to meet Valequest Research, Neuberger Berman International and Emerging Markets Fund from Nov. 21- Dec. 10.

  • Prime Focus to move into ASM Framework.
  • Ausom Enterprise, Shree Digvijay Cement, Tanla Solutions to move into short term ASM Framework.
  • Arrow Textiles, Indo Count Industries, Waterbase to move out of short term ASM Framework.
  • Corporation Bank, HCL Infosystems, Pokarna price band revised to 10 percent.
  • NGL Fine Chem price band revised to 5 percent.

Indian equity benchmarks are set to open higher.

The S&P BSE Sensex rose 0.5 percent to 40,625.60 during the pre-market trade and the NSE Nifty 50 rose 0.58 percent to 12,009.

  • Reliance Industries: Reliance Jio announced tariff hikes a day after peers Bharti Airtel and Vodafone Idea said they would charge subscribers more from next month.
  • Yes Bank informed the exchanges that the Reserve Bank of India found under-reporting of bad loans at the bank in 2018-19. The regulator had previously detected a divergence in the assessment of bad loans in FY16 and FY17 but none in FY18. In FY19, according to the private lender’s exchange notification, the RBI assessed the level of gross non performing assets at Rs 11,159 crore. The bank had disclosed gross NPAs of Rs 7,882 crore, implying a divergence of Rs 3,277 crore or 41 percent. The divergence in reporting of net NPAs for the year stood at Rs 2,299 crore or 51 percent of the net NPA amount reported by the bank, the notification said.
  • Infosys clarified on media reports on fresh whistleblower complaints stating that same allegations were made in the undated whistleblower complaint which was disclosed to the exchanges on Oct. 22.
  • Shree Cement has launched its QIP issue with Floor Price set at Rs 19806.46 per share. Floor Price is a discount of 1 percent to the closing price on Nov. 19. Board to consider the issue price on Nov. 22 for the afore-mentioned QIP issue.
  • Reliance Capital Reliance Capital said its shareholding in Reliance General Insurance Company Ltd., has been transferred to IDBI Trustee Services upon invocation of pledge by the latter.
  • Central Bank of India Divergence in Provisioning of Rs 788 crore. Divergence in Gross Non-Performing Assets of Rs 2,565 crore in 2018-19. Net loss reported as of March 31, 2019 was Rs 5,641 crore. Adjustment to net-loss as of March 31 stands at Rs 6,430 crore.
  • NBCC will provide project consultancy for the development of National Museum of Natural History at New Delhi for Rs 500 crore.
  • Ultratech Cement will consider raising funds up to Rs 250 crore on Nov. 22.
  • IRCTC signed a concession agreement with Karnataka State Tourism Development Corporation for taking over the operations, marketing and day to day maintenance of Golden Chariot Train.
  • Axiscades Engineering Technologies promoter Jupiter Capital increased the stake from 49.52 percent to 51.3 percent.
  • Wipro partnered with MuleSoft to provide digital solutions.
  • United Bank of India allotted 164 crore shares aggregating to Rs 1,666 crore to the Government of India.
  • Allahabad Bank: Ministry of Finance gave in-principle approval to the proposed amalgamation of Allahabad Bank into Indian Bank.
  • Bank of Baroda: The Reserve Bank of India imposed penalty of Rs 2.5 crore for non-compliance with the directions issued by the RBI in various accounts of Srijan Mahila Vikas Sahyog Samiti at Bhagalpur Branch.
  • South Indian Bank revised MCLR across various tenors with effect from Nov. 20. One-month MCLR at 8.45 percent and one-year MCLR at 9.1 percent.
  • Birla Corporation acquired 26 percent stake in AMPSolar Clean Power for Rs 7.6 crore.
  • McNally Bharat Engineering said that two investors have submitted Binding Term Sheets to the lenders for the Debt Resolution of the Company subject to the approval of the lenders.
  • September TRAI Data

    • Reliance Jio added 6.98 million mobile users.
    • Bharti Airtel lost 2.38 million mobile users.
    • Vodafone Idea lost 2.58 million mobile users.

The Best And Worst Margin Performance In Second Quarter

  • The Nasdaq Composite climbed to a fresh record on the back of gains in megacap tech companies even as the Dow Jones Industrial Average sank following disappointing reports from retailers.
  • Oil held near its lowest in more than two weeks after a report showed American crude stockpiles rose strongly in the past week, and as U.S.-China trade talks stall.
  • Get your daily fix of global markets here.

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