Call-n-Trade : +91 22-6133 9800
(Press 1 & 1)
Customer Service : +91 22-6138 9389
GET QUOTES
All Services
Equity
Derivatives
News
  Pre Session
  Mid Session
  End Session
  Hot Pursuit
  Foreign Markets
  Other Markets
  Corporate Results
  Market Beat
  Economy News
  Analyst Poll
  Stock Alert
  Coprporate News
  Future Markets
  Quick Review
  Mutual Fund News
  IPO News
  Other Markets
  Home    Markets    Equity    News    End Session    Detailed News
Back
Sensex reclaims 38,000
(15-Mar-2019  , 16:45 Hours IST)

Local stocks ended with modest gains after volatile session of trade. Positive global stocks boosted sentiment. The Sensex settled above the psychological 38,000 level after moving above and below that level in intraday trade.

The barometer index, the S&P BSE Sensex, gained 269.43 points or 0.71% to settle at 38,024.32. The index hit high of 38,254.77 and low of 37,760.23 in intraday trade.

The Nifty 50 index rose 83.60 points or 0.74% to settle at 11,426.85. The index hit high of 11,487 and low of 11,370.80 in intraday trade.

Domestic stocks nudged higher in early trade on positive Asian stocks. Key benchmark indices extended early gains and hit intraday high in morning trade. Stocks hovered in positive zone in mid-morning trade. Indices extended gains in afternoon trade. Strong buying demand in index pivotals pushed the key benchmark indices higher in mid-afternoon trade. Volatility zoomed in late trade as the key indices trimmed gains soon after hitting fresh intraday high in late trade.

The S&P BSE Mid-Cap index rose 0.55%. The S&P BSE Small-Cap index fell 0.34%.

The market breadth, indicating the overall health of the market, was negative. On the BSE, 1205 shares rose and 1478 shares fell. A total of 177 shares were unchanged.

Among the sectoral indices on BSE, the S&P BSE Power index (up 1.94%), the S&P BSE IT index (up 1.75%) and the S&P BSE Bankex (up 1.59%), outperformed the Sensex. The S&P BSE FMCG index (down 1.79%), the S&P BSE Telecom index (down 1.55%) and the S&P BSE Energy index (down 0.42%), underperformed the Sensex.

Bank stocks gained. Among private bank stocks, HDFC Bank (up 1.27%), Kotak Mahindra Bank (up 4.31%), RBL Bank (up 1.59%), ICICI Bank (up 2.01%) and IndusInd Bank (up 1.07%) gained. Yes Bank (down 1.92%) and Axis Bank (down 0.64%) declined.

Among PSU bank stocks, State Bank of India (SBI) (up 2.25%), Punjab National Bank (up 1.84%), Bank of Baroda (up 1.16%), Canara Bank (up 0.97%), Bank of India (up 0.65%) and Union Bank of India (up 0.24%) rose.

IDBI Bank shed 0.46%. IDBI Bank has been categorized as a 'private sector bank' for regulatory purposes by Reserve Bank of India (RBI) with effect from 21 January 2019 consequent upon Life Insurance Corporation of India acquiring 51% of the total paid-up equity share capital of the bank. RBI made the announcement after market hours yesterday, 14 March 2019.

Tech Mahindra rose 1.43%. Tech Mahindra's arm acquired 100% stake in Japan's K-Vision for $1.5 million. The target is engaged in providing network services for mobile communication carriers in Japan. The announcement was made after market hours yesterday, 14 March 2019.

Reliance Industries (RIL) fell 1.39%. Brookfield has filed the preliminary placement memorandum, in terms of which India Infrastructure Trust, an InvIT set up by Brookfield as sponsor and 90% investor, will invest Rs 13,000 crore to acquire the East West Pipeline (Pipeline). As a part of the transaction, the InvIT will acquire 100% equity interest in Pipeline Infrastructure Private Limited (PIPL) which currently owns and operates the Pipeline.

RIL's current investment in preference shares valued at Rs 4,000 crore will continue and will be converted into equity at the end of 20 years. Further at the end of 20 years, RIL has the right to acquire equity shares of PIPL held by the InvIT at an equity value of Rs 50 crore. The announcement was made after market hours yesterday, 14 March 2019.

Glenmark Pharmaceuticals rose 1.46%. Glenmark Pharmaceuticals Inc., USA (Glenmark) has been granted final approval by the United States Food & Drug Administration (USFDA) for clindamycin and benzoyl peroxide gel, 1% / 5%, a generic version of BenzaClin Gel, 1% / 5%, of Valeant Bermuda. According to IQVIA sales data for the 12 month period ending January 2019, the BenzaClin Gel, 1% / 5% market achieved annual sales of approximately $99.4 million. The announcement was made during trading hours today, 15 March 2019.

CMI surged 6.02%. CMI said that it received vendor approval for power cables from four government entities in Q3 December 2018. With the increased list of vendor approval the manufacturing capacity of Baddi plant in Himachal Pradesh is going to improve considerably in the year 2019, CMI added. The announcement was made after market hours yesterday, 14 March 2019.

Overseas, European equities were trading higher as all eyes remain on the trade talks. U.K. shares climbed after Prime Minister Theresa May won some time for a final push on her rejected Brexit deal. The U.K. Parliament voted to request an extension of the March 29 Brexit deadline to June 30 if lawmakers can agree to a withdrawal deal by March 20. Thursday's vote comes after Prime Minister Theresa May failed to secure support for her revised Brexit plan and lawmakers on Wednesday ruled out a no-deal exit.

Asian markets were trading higher Friday as China took a step to appease U.S. trade negotiators. The Bank of Japan kept its monetary policy steady on Friday in a widely expected move, where the short-term interest rate will remain at minus 0.1%.

US stocks closed mostly lower Thursday as investors digested headlines suggesting progress toward a US-China trade deal has stalled against the backdrop of weaker-than-expected Chinese economic data.

A meeting between President Donald Trump and Chinese President Xi Jinping will be delayed until at least April, as per reports, indicating that a bilateral trade deal will not be finalized this month.

Powered by Capital Market - Live News

How We Help?
Delivery Based Trading
Intra Day Trading
BITSIT®
Futures and Options
Applying IPO Online
Applying MF Online
NRI Services
Mutual Fund Distribution
Back office
Digital Contracts
Research
Do’s and Don’ts
Equity
Daily Market Tracker
Market Analysis
Company Info
News Analysis
Corporate Announcement
Global Indices
 
Derivatives
Derivative
Futures
Options
IPOs
Forthcoming Issues
Open Issues
Closed Issues
New Issue Monitor
New Listing
Basis of Allotment
Draft Prospectus
Best Performers
Know IPO's / FAQ's
Mutual Funds
MF Schemes
MF Trends
MF Buzz
MF Tools
Knowledge Center
Other Links
About Us
Contact Us
Sitemap
FAQs
Disclaimer
Trading Holidays
Investor Grievance
Rules & Regulations
Privacy Policy
Password Policy
Terms of Use
Rights & Obligations (Vernacular Language)
Criteria for Fit and Proper person
Other Links
RBI |  SEBI |  BSE |  NSE
CDSL |  NSDL
BANK OF BARODA
BOBIBANKING
BOB CAPITAL MARKETS LTD
BOB CARDS
BARODA PIONEER MUTUAL FUND
INDIAFIRST LIFE INSURANCE
RGESS
© 2014 BOB CAPITAL MARKETS LTD. All rights reserved
SEBI Single Registration Certificate - INZ000159332
Designed, Developed and Content provided by CMOTS Infotech (ISO 9001:2015 certified)
Site best viewed in IE 7.0+, Netscape 8.1 and Mozila Firefox 1.5+ at 1024 x 768 pixels resolution.
Compliance Officer: Shri. Pushkar Vartak / Phone : 022 – 6138 9321 / email : compliance@bobcaps.in