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Thursday, December 05, 2019

Markets, Rupee, Gold, Petrol, Diesel Price Highlights: Sensex ends 186 points higher, Nifty settles at 11,940

Share Market, Gold, Petrol, Diesel Price/Rate Highlights: Everything that happened in the markets on Tuesday.

By: Express Web Desk | New Delhi | Updated: November 19, 2019 4:06:32 pm
markets, stock markets, share trading Sensex and Nifty settled nearly 0.5 per cent higher on Tuesday. (Representational image)

Share Market, Rupee, Gold, Petrol, Diesel Price/Rate Highlights: The benchmark indices on the BSE and National Stock Exchange (NSE) settled nearly 0.5 per cent higher on Tuesday led by gains in the shares of market heavyweight Reliance Industries (RIL), Bharti Airtel and HDFC Bank.

The S&P BSE Sensex settled at 40,469.70, up 185.51 points or 0.46 per cent. The broader Nifty 50 index gained 55.60 points or 0.47 per cent to end the day at 11,940.10.

Among sectoral indices, the Nifty PSU Bank index was the top gainer of the day, climbing 3.88 per cent led by sharp gains in the share prices of Oriental Bank of Commerce, Syndicate Bank and Central Bank of India.

Among stocks, Bharti Airtel rose 7.36 per cent to settle at Rs 439.25 apiece on the BSE on Tuesday. Earlier in the day, the stock had surged 8.87 per cent to hit a 52-week high of Rs 445.45. Fellow telecom major Vodafone Idea too settled 34.68 per cent higher at Rs 6.02 apiece.

Apart from the telcos, shares of the oil-to-telecom giant RIL settled 3.52 per cent higher at Rs 1509.80 on Tuesday. It became the first-ever Indian company to cross the Rs 9.5 lakh crore market capitalisation as the stock touched a fresh record high of 1,514.95 in intraday trade. The market cap of RIL stood at Rs 9,57,086.22 crore at the end of Tuesday’s trade, data on the BSE showed.

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Highlights

    15:38 (IST)19 Nov 2019
    Markets at close on Tuesday

    The S&P BSE Sensex settled at 40,469.70, up 185.51 points or 0.46 per cent. The broader Nifty 50 index gained 55.60 points or 0.47 per cent to end the day at 11,940.10.

    15:23 (IST)19 Nov 2019
    Reliance Capital Pension’s registration under NPS cancelled: PFRDA

    The registration of Reliance Capital Pension Fund under the government’s National Pension Scheme (NPS) has been cancelled following a request by the company, sector regulator PFRDA said in a notice.

    With this, the pension fund is no longer available for subscription under NPS, said the Pension Fund Regulatory and Development Authority of India (PFRDA). Click here to read

    14:10 (IST)19 Nov 2019
    Passenger vehicle retail sales jump 11 per cent in October on festive demand

    Automobile dealers’ body FADA on Tuesday said retail sales of passenger vehicles in October increased 11 per cent to 2,48,036 units against the same period last year, driven by festive demand during the month.

    According to the Federation of Automobile Dealers Associations (FADA), passenger vehicles (PV) sales stood at 2,23,498 units in October 2018. Click here to read

    13:43 (IST)19 Nov 2019
    Bihar has untapped export potential of $900 million: Exim Bank study

    A study by the Export-Import Bank of India has said that there is an untapped export potential of nearly USD 900 million from Bihar and if it is realised, the shipment from the state could exceed USD 2 billion in the short term.

    The report also said that the merchandise exports from the eastern state in 2017-18 were valued at USD 1.35 billion which was a “remarkable improvement” over the USD 0.4 billion of exports recorded during 2012-13. Click here to read

    13:19 (IST)19 Nov 2019
    Dilip Buildcon bags Rs 2,123 crore order from Coal India arm

    Dilip Buildcon on Tuesday said it has bagged an order worth Rs 2,122.74 crore from Northern Coalfields Ltd, a subsidiary of Coal India, for removal of overburden at a mining project in Madhya Pradesh.

    In mining, overburden is the overlying material (such as rock, soil) that generally has no commercial value. Click here to read

    12:51 (IST)19 Nov 2019
    ArcelorMittal aims to complete Essar Steel acquisition by 2019-end

    Global steel giant ArcelorMittal said expects to complete the acquisition of the debt-ridden company by the end of this year.

    ArcelorMittal India Private Limited’s (AMIPL) resolution plan for Essar Steel India Limited (‘ESIL’) has been unconditionally approved by the Supreme Court of India and the approval of AMIPL’s resolution plan is the final procedural step in ESIL’s corporate insolvency process, the company said in a statement. Click here to read

    12:31 (IST)19 Nov 2019
    Gold and silver prices on Tuesday

    Bullion prices gained in the benchmark markets on Tuesday with prices of gold rising by up to Rs 309 and silver surging by Rs 780.

    The opening price for gold of 999 purity was Rs 38,408 per 10 grams, up Rs 309 from Monday's closing price of Rs 38099, while that of 995 purity gold was Rs 38,254, up Rs 308 from Rs 37,946 on Monday, according to the data published by India Bullion and Jewellers Association (IBJA).

    Price of silver rose Rs 780 in the early trade on Monday. The precious metal of 999 purity was at Rs 44,940 a kg, up Rs 780 from Rs 44,160 on Monday, the IBJA data showed.

    12:03 (IST)19 Nov 2019
    Markets at noon

    Here is how the key BSE indices are performing at noon:

    11:57 (IST)19 Nov 2019
    Domestic air traffic grows by 3 per cent

    In spite of the suspension of full-service carrier Jet Airways in March earlier this year, domestic air traffic has grown by 3.11 per cent in the past year (September 2018 to October 2019), according to data released by the Directorate General of Civil Aviation (DGCA) in a circular on Monday.

    The data states that 11.46 crore passengers travelled within India from January-October 2018, with that number increasing to 11.82 crore passengers during the January-October 2019 period. Click here to read the report

    11:25 (IST)19 Nov 2019
    Bharti Airtel touches fresh 52-week high, Vodafone Idea climbs over 25 per cent

    Bharti Airtel shares surged to a 52-week high on Tuesday, rising 6.32 per cent to Rs 435.00 so far in the morning trade on the BSE. Vodafone Idea, on the other hand, rallied 25.28 per cent to Rs 5.60 on the BSE so far in the intraday trade.

    Buoyed by the sharp rally in the two telecom giants, the S&P BSE Telecom too has risen over 6 per cent. The index was at 1,060.12, up 62.51 points or 6.27 per cent.

    Both Vodafone Idea and Bharti Airtel have announced that they are going to increase tariff prices from December 1, 2019. The announcement from both the telcos came post market hours on Monday. Click here to read the report

    11:04 (IST)19 Nov 2019
    RBI to revamp norms to govern housing finance companies, urban co-operative banks

    The Reserve Bank of India (RBI) is reworking the regulations for housing finance companies (HFCs) and urban co-operative banks (UCBs) to improve governance, internal control mechanisms and put in place checks and balances in the system.

    “As HFCs now fall under the regulatory purview of the Reserve Bank, we are undertaking a review of extant regulations and are in the process of harmonising these regulations for HFCs with applicable regulations for NBFCs,” RBI Governor Shaktikanta Das has said. Click here to read

    10:19 (IST)19 Nov 2019
    Vodafone Idea, Airtel to hike tariffs from Dec 1; first for sector in over five years

    Vodafone Idea (VIL) and Bharti Airtel Monday announced they will increase tariff prices from December 1 — the first such hike in tariffs in India’s cut-throat telecom market since 2012.

    While the quantum of the hike in the mobile service rates was not announced, the move potentially sets the stage for a progressive upward revision of tariffs, which could have a positive impact on the bottomlines of India’s telecom players.

    Analysts said this tariff hike within the industry, after almost seven years, may turn out to be a big positive. Click here to read

    10:07 (IST)19 Nov 2019
    Petrol and Diesel prices on Tuesday

    Delhi:

    Petrol- 74.20 per litre
    Diesel- 65.84 per litre

    Kolkata:

    Petrol- 76.89 per litre
    Diesel- 68.25 per litre

    Mumbai:

    Petrol- 79.86 per litre
    Diesel- 69.06 per litre

    Chennai:

    Petrol- 77.13 per litre
    Diesel- 69.59 per litre

    Bengaluru:

    Petrol- 76.74 per litre
    Diesel- 68.08 per litre

    Source: IOCL

    09:55 (IST)19 Nov 2019
    Rupee check

    The rupee was moving on a weak note against the US dollar in the first hour of trade, having drifted to 72 against the greenback in early trade Tuesday. The domestic unit had settled at 71.84 against the dollar on Monday.

    09:49 (IST)19 Nov 2019
    Market opening on Tuesday

    At 9:19 am, the S&P BSE Sensex was at 40,384.68, up 100.49 points or 0.25 per cent while the broader Nifty 50 was at 11,909.15, up 24.65 points or 0.21 per cent.

    On Monday, the S&P BSE Sensex settled at 40,284.19, down 72.50 points or 0.18 per cent. The broader Nifty 50 index slipped 10.95 points or 0.09 per cent to end the day at 11,884.50.

    Both the indices had opened over 0.2 per cent higher earlier in the morning on Monday, but soon erased their respective gains and traded in the negative territory for the most part of the day.

    The broader market indices, however, outperformed their benchmark peers on Monday, with the S&P BSE MidCap rising 64.54 points or 0.44 per cent to settle at 14,837.53. The S&P BSE SmallCap ended the day at 13,362.61, up 36.21 points or 0.27 per cent.