April 22, 2019
Domestic benchmark indices are trading on a negative note, pressured by losses in Reliance Industries and private banks. A total of 25 are trading in the red out of 30 stocks on Sensex and 42 declined out of the 50 stocks on Nifty. The market breadth, indicating the overall strength of the market, is negative. Overall1456 stocks have declined against 673 advancing stocks and Mcap of the entire market has fallen by 0.73%. On the sectoral front, except IT, all of the other sectoral indices are trading in the red.
Tata Global Beverage, L&T Technology Services, Power Grid Corporation are among the top gainers, while Jet airways, HPCL, Reliance Capital and BPCL are among top laggards.
Share Market Updates: NSE Nifty is trading down by 97 points at 11,665 and BSE Sensex is down by 272 points at 38,868 level.
Here’s a look at live updates for the Indian share market today:
1:10 pm : The price of gold moved higher from an almost four-month low hit in the previous session. Higher crude oil prices also lent support to the move higher in today’s trading session.
1:00 pm: “The government is planning to announce a rule to make ISI helmets mandatory and has introduced new BIS standards for two wheeler helmets, which were to be implemented from January 15 this year. It received an extension first up to April 15 and then till July 15. Currently there are 219 companies in India, out of which only nine have taken the required certification so far,” said Rajeev Kapur, president of the Two Wheeler Helmet Manufacturers Association and MD of Steelbird Helmets.
12:45 pm: ICICI Prudential (2.34%) Tata Global Beverage (1.75%) Sun TV Network (1.72%) are among the gainers while Reliance Capital (8.67%) Dewan Hsg Fin. Corp. (8.40%) HPCL (5.59%) are among the top losers.
12: 35 pm: NSE Nifty is trading down by 97 points at 11,665 and BSE Sensex is down by 272 points at 38,868 level.
12:20 pm: BSE Oil & Gas (2.61%),BSE Energy (2.14%),BSE Realty (1.92%) are the major falling indices for the day.
12:10 pm: DCB Bank shares hit a 52-week high of Rs 211, up 4% on the BSE. DCB Bank’s profit after tax rose 50 per cent to Rs 96 crore in Q4FY19 against Rs 64 crore in the corresponding January-March quarter of 2017-18. Its total income rose 15 per cent to Rs 400 crore during the quarter. The net interest income increased 14% to Rs 301 crore, while non-interest income rose 17 per cent to Rs 99 crore.
11:45 am: Tata Coffee reported 62% jump in Q4 net profit, to Rs 10.49 crore against Rs 6.46 crore in the same quarter last year. The revenue has increased 4.5% to Rs 460.52 crore versus Rs 440.43 crore, YoY.The board of directors have also recommended a dividend of Rs 1.50 per equity share at the face value of Re 1 each. The stock has touched an intraday high of Rs 95.40 (3.53%).
11:30 am: Brickwork Ratings revised rating for Reliance Capital to A+ from AA, for long-term debt program, market-linked debentures and subordinated debt of the company, which is due to extension of timeline for progress of planned disinvestments in various companies. Care Ratings have also downgraded the compnay to A from A+. The stock is among the top losers on BSE. The stock has fallen after 5 days of consecutive gain and touched an intraday low of Rs 128(5.8%).
11:10 am:Spicejet announced that it has signed MoU for codeshare partnership Emirates today, after which the stock price dropped 5.3% to day’s low. The stock has fallen after 5 days of consecutive gain.
10:40 am: While all Mcap categories have fallen, Mid caps has dragged the market with Nifty Midcap100 change of 1.21%. Overall 1456 stocks have declined against 673 advancing stocks and Mcap of the entire market has fallen by 0.73%.
10:20 am: Jet Airways stock opened at a loss of 3.90% and fell over 19% to touch a new 52 week low of Rs 132 on BSE and plunged close to 23.2 % to Rs 126.65 apiece on NSE. Nasim Zaidi has submitted the resignation as non-executive non independent director and the Independent director, Rajshree Pathy has also resigned.
10:10 am: Market has fallen 0.88% while volumes have increased by 45.20%. Tata Global Beverage, L&T Technology Services, Power Grid Corporation are among the top gainers, while Jet airways, HPCL, Reliance Capital and BPCL are among top laggards.
9:50 am: RIL dropped over 2 per cent following March quarter numbers. The company reported a 9.79% jump in Q4 profit, while its revenue rose 19.4% to Rs 1.54 trillion for the quarter ended 31 March from Rs 1.29 trillion in the year earlier.
RIL has an outstanding debt of Rs 2,87,505 crore and it grew by Rs 69,000 crore in financial year 2019 because of its investments in Reliance Jio.
9:40 am:Private sector lender, HDFC Bank has reported a 20.53 per cent growth in its net profit at Rs 21,078.14 during the financial year 2018-19 as compared to Rs 17,486.75 crore in 2017-18.
HDFC Bank has reported a 22.63 per cent rise in its net profit for the March quarter of the last fiscal on a year-on-year basis. The private lender posted a net profit of Rs 5,885.12 crore during the quarter under review, as opposed to the Rs 4799.28 crore in the corresponding quarter in the previous fiscal.
The stock is up 0.16% at Rs 2,293 and lies 1.69% away from 52 week high of Rs 2,332.35.
9:30 am: Overseas investors have pumped in a net sum of Rs 11,012 crore into the Indian capital markets in April so far amid easing liquidity conditions globally.
Foreign portfolio investors (FPI) were net buyers for the previous two months as well, infusing a net Rs 5,360 crore from the capital markets (both equity and debt) in January, Rs 11,182 crore in February and Rs 45,981 crore in March 2019.
Foreign portfolio investors (FPIs) bought Rs 1,038.46 crore worth of domestic stocks on Thursday, while DIIs were net sellers to the tune of Rs 337.59 crore, data available with NSE suggested.
9:20 am: The combined market capitalisation of six of the 10 most valued Indian firms , namely swelled by Rs 98,502.47 crore last week, with IT major Tata Consultancy Services (TCS) emerging as the biggest gainer.
In the ranking of top-10 firms, RIL was at the number one position, followed by TCS, HDFC Bank, Hindustan Unilever Limited (HUL), ITC, HDFC, Infosys, SBI, Kotak Mahindra Bank and ICICI Bank.
9:15 am:Domestic benchmark indices opened on a negative note, pressured by losses in Reliance Industries and private banks. S&P BSE Sensex declined as much as 0.52 percent to 38,934 and the NSE Nifty 50 fell as much as 0.61 percent to 11,681.40. NSE Nifty IT Index was the only sectoral gainer, up 0.52 percent.
9:05 am: The Indian rupee opened 0.58 per cent lower at 69.76 against the U.S. dollar.
9:00 am:SGX Nifty on the Singapore Exchange declined by 10 pts, indicating a flat-to-negative start for the Nifty50.
8:55 am:Brent Crude spiked to 5-month high of above $72/bbl following oil prices spiked on a report that US is likely to ask all importers of Iranian oil to end their purchases or face sanctions.
Although domestic cues are positive on strong FIIs buying interest and impressive quarterly results reported by HDFC Bank, RBL Bank, DCB Bank, markets are expected to open flat on account of global cues.
Asian markets opened flat backed up by Nikkei, South Korea, and China Index trading sideways. Hong Kong and UK markets remain shut today. US markets gained half a percent on account impressive quarterly results. Dow Jones (US) was up 0.42 %, whereas the Straits Times (Singapore) was down 0.03%.
Stock markets were closed Wednesday and Friday on account of ‘Mahavir Jayanti’ and ‘Good Friday ‘, respectively.
On Thursday, Indian benchmark indices, Sensex, Nifty, closed lower , snapping four-day gaining streak, on account of weak cues from Asian peers. The BSE Sensex closed at 39,140, down by 136 points, and the NSE Nifty ended at 11,752, down by 34.40 points.
RIL, Wipro, Tech Mahindra, ICICI Bank, SpiceJet, Interglobe Aviation, HDFC, HDFC Bank, were the major gainers in the indices, while Jet Airways, Infosys, TCS and Hindalco were among top laggards.
Tata Consultancy Services (TCS), Reliance Industries Limited (RIL), HDFC Bank, HUL, Kotak Mahindra Bank and ICICI Bank were the gainers, while ITC, HDFC, Infosys and SBI suffered losses in their market valuation for the week ended Thursday.