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Tuesday, June 02, 2020

Market Highlights: Indices snap out of three-day losing streak, Sensex climbs 271 points as L&T, banks contribute

Share Market, Stock Market Highlights: All that happened in equity, commodity and money markets.

By: Express Web Desk | New Delhi | Updated: January 23, 2020 4:22:16 pm
Equity indices on BSE and NSE snapped out of a three-session losing streak on Thursday. (Image source: Getty/Thinkstock)

Share Market Highlights: The topline equity indices on the National Stock Exchange (NSE) and the BSE snapped out of a three-session losing streak after they ended over 0.6 per cent higher on Thursday.

The S&P BSE Sensex rose 271.02 points (0.66 per cent) to end at 41,386.40, while the broader Nifty 50 settled at 12,179.90 with gains of 73.00 points (0.60 per cent).

Among individual stocks, Larsen & Toubro shares ended 2.98 per cent higher at Rs 1,332.80 apiece on the BSE a day after the company reported a 15.2 per cent rise in its consolidated net profit at Rs 2,352 crore for the quarter to December 2019.

Among the sectoral indices on the NSE, the Nifty Bank index rose 313.25 points (1.02 per cent) led by gains in the shares of State Bank of India (SBI), Axis Bank, Kotak Mahindra Bank, ICICI Bank and HDFC Bank.

(with inputs from agencies)

Live Blog

Stocks, BSE Sensex, NSE Nifty, Crude oil prices, gold, silver prices, commodity market and money markets LIVE updates:

16:19 (IST)23 Jan 2020
Equity markets at close

The S&P BSE Sensex rose 271.02 points (0.66 per cent) to end at 41,386.40, while the broader Nifty 50 settled at 12,179.90 with gains of 73.00 points (0.60 per cent).

15:18 (IST)23 Jan 2020
Silver futures fall Rs 232 to Rs 46,001 per kg

Silver futures on Thursday plunged by Rs 232 to Rs 46,001 per kg as participants cut down their bets taking weak cues from overseas markets.

On the Multi Commodity Exchange, silver contracts for March delivery tumbled Rs 232, or 0.50 per cent, to Rs 46,001 per kg in a business turnover of 4,057 lots. Besides, the white metal to be delivered in May fell by Rs 120, or 0.29 per cent, to Rs 46,550 per kg in 32 lots.

In the international market, silver prices traded 0.55 per cent lower at USD 17.73 an ounce in New York.

(PTI)

15:16 (IST)23 Jan 2020
Gold futures gain on spot demand, global cues

Gold prices on Thursday gained by Rs 16 to Rs 39,929 per 10 gram in futures trade as speculators widened their bets in line with positive overseas trend.

On the Multi Commodity Exchange, gold contracts for February traded higher by Rs 16, or 0.04 per cent, to Rs 39,929 per 10 gram in a business turnover of 1,707 lots.
Fresh positions built up by participants taking positive cues from global markets mostly led to rise in gold prices, analysts said.

Globally, gold prices rose 0.02 per cent to USD 1,577 per ounce in New York.

(PTI)

12:04 (IST)23 Jan 2020
Axis Bank Q3 net up 4.5%, NPAs decline marginally

Axis Bank has reported a 4.5 per cent rise in net profit at Rs 1,757 crore for the third quarter ended December 2019 as against a net profit of Rs 1,680.85 crore in the same quarter last year. Click here to read

11:56 (IST)23 Jan 2020
Malaysia to buy more Indian sugar to resolve palm oil spat: report

Malaysia’s top sugar refiner said it will increase purchases of the commodity from India, which according to two sources is part of efforts to placate New Delhi amid an ongoing spat over palm oil imports. Click here to read

11:55 (IST)23 Jan 2020
FY21 growth rate to rise to 5.5%, but downside risks persist: India Ratings

India’s growth rate is expected to be marginally higher at 5.5 per cent in 2020-21 against the estimated 5 per cent in 2019-20, but downside risks persist, an India Ratings and Research (Ind-Ra) report released Wednesday said. Click here to read

10:16 (IST)23 Jan 2020
L&T consolidated net up 15.2%; order book jumps

Engineering and construction major Larsen & Toubro (L&T) on Wednesday posted a 15.2 per cent rise in its consolidated net profit at Rs 2,352 crore for the quarter ended December 2019 as against a consolidated net profit of Rs 2,041 crore in the year-ago period. Click here to read the report

09:46 (IST)23 Jan 2020
Rupee in early trade

Rupee slips 3 paise to 71.22 against US dollar in opening trade.

(PTI)

09:42 (IST)23 Jan 2020
Global oil market update

Oil prices fell to their lowest in seven weeks on Thursday on concerns that the spread of a newly identified respiratory virus from China may lower fuel demand at the same time a report showed oil inventories in the United States rose last week.

Brent crude futures were down $1.05, or 1.7 per cent, to $62.16 a barrel by 0125 GMT, and earlier dropped to the lowest since Dec. 4, after falling 2.1 per cent the previous session.

US West Texas Intermediate futures fell 95 cents, or 1.7 per cent, to $55.78 a barrel after earlier falling to the lowest since Dec. 3. The contract declined 2.7 per cent on Wednesday.

(Reuters)

09:40 (IST)23 Jan 2020
Global market update

Asian shares and US stocks fell on Thursday as investors remained anxious about the spread of a new flu-like virus in China just as millions prepared to travel for the Lunar New Year.

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.45 per cent. Blue chip Chinese shares slumped 0.91 per cent. Australian shares were down 0.57 per cent, while Japan's Nikkei stock index slid 0.6 per cent.

US stock futures fell 0.02 per cent on Thursday in Asia. The S&P 500 eked out a 0.03 per cent gain on Wednesday, but the overall tone on Wall Street was mixed as investors assessed the impact of the virus and braced for the corporate earnings season.

(Reuters)

09:28 (IST)23 Jan 2020
BSE Sensex: Gainers and losers in early trade

On the Sensex, the gains in the early trade were being led by Axis Bank, L&T, Infosys and Kotak Mahindra Bank. On the other hand, Power grid, Bajaj Auto, Ultratech Cement and HUL were among the top losers.

Source: BSE
09:25 (IST)23 Jan 2020
Equity markets at open

At 9:15, the S&P BSE Sensex was up 85.20 points (0.21 per cent) at 41,200.58, while the broader Nifty 50 was at 12,127.40, up 20.50 points (0.17 per cent).

On Wednesday, the S&P BSE Sensex ended at 41,115.38, down 208.43 points (0.50 per cent), while the Nifty 50 fell 62.95 points (0.52 per cent) at 12,106.90.

In the broader market, the S&P BSE MidCap index settled at 15,536.63 on Wednesday, down 50.04 points or 0.32 per cent, while the S&P BSE SmallCap index ended at 14,633.16, down 18.60 points or 0.13 per cent.