Thursday 14 March 2019

Market Live: Nifty around 11,370, Sensex gains 100 pts; Yes Bank top gainer


Yes Bank gains: Yes Bank shares rallied nearly 4 percent in the morning trade on March 14 after global investment firm Deutsche Bank revised its price target for the stock upwards to Rs 300 from Rs 280 earlier.

Essel Propack redeems commercial papers: The company today redeemed commercial papers amounting to Rs 50 crore and further will be redeeming commercial papers amounting to Rs 35 crore on March 14, 2019.

Infosys to open new digital innovation center: The company will be opening a new Digital Innovation Center in Bucharest, Romania. The center will focus on developing offerings for clients based on cutting-edge digital technologies including Cloud, Big Data, Artificial Intelligence and Machine Learning.

Crude Update: Brent crude oil prices on Thursday hit their highest so far this year, pushed up by ongoing supply cuts led by OPEC and by US sanctions against Venezuela and Iran.

Market opens: It is a firm start for the Indian indices on Thursday morning with Nifty around 11,370 level.

The Sensex is up 131.80 points at 37883.97, while Nifty is up 32.80 points or 0.29% at 11374.50. About 566 shares have advanced, 268 shares declined, and 56 shares are unchanged. 

DHFL gained 5 percent, followed by Lemon Tree, Lupin, Zee Ent, Indianbulls Housing, HCL Tech, Axis Bank, Yes Bank, Infosys are among the major gainers on the indices, while losers include Power Grid, BPCL, Tata Motors, Adani Ports and HPCL.

Among the sectors, FMCG, infra and energy are trading marginally lower, while IT, metal, pharma, and auto witnessing buying interest.

Rupee Opens: The Indian rupee opened lower by 14 paise at 69.67 per dollar on Thursday versus previous close 69.53.

Market at pre-open: Benchmark indices are mixed in the pre-opening session.

At 09:02 hrs IST, the Sensex is up 128.22 points or 0.34% at 37880.39, and the Nifty down 118.00 points or 1.04% at 11223.70.

DHFL, Yes Bank are trading higher in the pre-opening session.

Wall Street ends higher: US stocks rose on Wednesday, led by gains in healthcare shares, and Boeing edged upward even as the United States joined other nations in grounding the company's 737 MAX jets.

Asian markets trade firm: Asian shares paused on Thursday as investors awaited data from China for clues about the health of the world's second largest economy while the pound shot up to near nine-month highs as the risk of a no-deal Brexit receded following a late-night vote.

SGX Nifty: Trends on SGX Nifty indicate a flat opening for the broader indices in India, a gain of 7 points or 0.06 percent. Nifty futures were trading around 11,390.50-level on the Singaporean Exchange.

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Source: Moneycontrol

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