28 Nov 2019, 9:05:23 AM IST
Top stocks in the news today
YES Bank, DHFL, Ashok Leyland, Indian Overseas Bank, Ujjivan Financial Service, HT Media among others are the top stocks to be in focus on Thursday's trading session.
Read more 28 Nov 2019, 9:08:01 AM IST
Pre-open session Thursday
BSE Sensex has risen 113 points in the pre-open session Thursday to trade at 41,134.60 compared to the last closing of 41,020.61. Simillarly NSE Nifty trades at 12,143, rising 42 points as against its previous close of 12,100.
28 Nov 2019, 9:17:00 AM IST
Global Market Update
Asian markets opened on a weak note, with Nikkei Index trading flat and SGX Nifty declining 30 points or 0.2%. Hong Kong Index declined half percent and US Future to shed 0.3% or 68 points.
On Wall Street, market closed on a record high and Dow gained 0.2% yesterday.
28 Nov 2019, 9:22:08 AM IST
Opening Session
Indices have opened positive on Thursday, with Sensex and Nifty rising 0.20% each, on back of strong buying in auto and PSU bank stocks. Sensex has risen 77 points to 41,161.54 and Nifty rose 31 points to 12,132.
28 Nov 2019, 9:24:05 AM IST
FII and DII reamin bullish
Net investment of equity and debt reported by foreign portfolio investors (FPIs) were positive with net buying logged at Rs 42.93 crore from Indian equities and domestic institutional investors (DIIs) turned positive too with net buying logged at Rs 439.51 crore on Wednesday.
28 Nov 2019, 9:29:44 AM IST
Market gives up gains
Indices Sensex and Nifty erased early gains to trade with a flat-to-positive bias on Thursday, on back of weak global equities. Sensex trades mere 20 points higher at 41,048 and Nifty at 12,112, rising 11 points.
28 Nov 2019, 10:04:22 AM IST
SBI Cards files for IPO
SBI Cards, the credit card subsidiary of State Bank of India, has filed draft red herring prospectus for its initial public offer (IPO) with market regulator SEBI. Where SBI holds 76% in SBI Cards and rest of the stake is held by Carlyle Group.
SBI Cards plans to offer up to 13 crore equity shares via offer for sale route, which will include up to 3.7 crore share sale by SBI and up to 9.3 crore shares on offer by Carlyle Group (CA Rover). Additionally, the company plans on issuing fresh equity shares worth Rs 500 crore.
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28 Nov 2019, 10:07:56 AM IST
YES Bank rises 3.5%
YES Bank share price was the top gainer in Thursday's early trade after the stock gained 3.5% to Rs 70.65 on the BSE. The stock of the private sector lender will be in focus a day ahead of its board meets to consider various options for raising funds. YES Bank share on Wednesday closed 7.65% higher at Rs 68.25 on Sensex and ended 8.31% higher at Rs 68.40 on Nifty. The stock was top gainer on both indices on Wednesday's trade.
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28 Nov 2019, 10:09:53 AM IST
Rupee opens flat
Rupee opened nearly flat on Thursday, at 71.32 per US dollar. The local currency had closed at 71.35 on Wednesday's trade.
28 Nov 2019, 10:16:51 AM IST
Gainers and Losers
Yes Bank, Bharti Infratel, UPL, ICICI Bank, SBI, JSW Steel were among major gainers on the Indices, while Zee Entertainment, Tata Motors, Hindustan Unilever, Vedanta and Britannia were trading as the worst performers in Thursday's early trade.
28 Nov 2019, 10:17:09 AM IST
Sector update
On the sectoral front, gains in PSU banking, realty and metal stocks were capped by losses in FMCG, media and auto indices.
28 Nov 2019, 10:22:13 AM IST
RIL crosses 10 lakh crore m-cap mark
Market valuation of index heavyweight Reliance Industries has crossed 10 lakh crore M-cap mark on Thursday making it the highest ever Market-capitalisation recorded by an Indian firm. Share price of Reliance Industries rose 0.7% to the day's high as well as the 52-week high of 1,581.25 on the BSE.
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28 Nov 2019, 10:27:33 AM IST
Tata Communication rises 8%
Tata Communications share price jumped 8% to Rs 455.8 on BSE today after the company announced that it has signed an agreement with Kacific Broadband Satellites Group for providing global internet andstate-of-the-art cyber security services for Kacific’s Ka-band satellite network.
The global digital infrastructure provider company has been chosen by Kacific Broadband Satellites Group(Kacific) to provide terrestrial connectivity services as it readies for the launch of its first satellite, Kacific 1. Tata Communications will provide global internet andstate-of-the-art cyber security services for Kacific’s Ka-band satellite network.
Kacific1 is a High Throughput Satellite (HTS) that will use 56 high-power Ka-band beams to deliver affordable, high-speed broadband to telecommunications companies, internet service providers and governmentsin South East Asia and the Pacific, the filing added.
"Kacific chose to enter into this arrangement with Tata Communications because of the sophistication and scale of the company’sglobal network and its unrivalled security expertise,” quoted Kacific CEO, Christian Patouraux.
Read more 28 Nov 2019, 10:50:26 AM IST
Cipla share price gains nearly 2%
The shrae price of Cipla rose 2% in Thursday's early trade on BSE to Rs 476.35 as the pharma major announced that its wholly owned subsidiary Cipla (EU) Limited, has signed an agreement with CitiHealth Imports Limited to acquire the remaining 40% stake in Cipla Pharma Lanka.
Earllier, Cipla (EU) Limited held 60% stake in Cipla Pharma Lanka (Private) Limited (Cipla Pharma Lanka), Sri Lanka. Post-acquisition, Cipla Pharma Lanka will become a wholly owned subsidiary of Cipla.
28 Nov 2019, 10:58:23 AM IST
Sensex, Nifty hits all-time highs today
The 30-share index Sensex again scored another all-time high in early trade of 41,163.79, and Nifty50 too touched an all-time high of 12,138.30, before erasing gains to trade marginally higher by the second hour of trade.
28 Nov 2019, 10:59:41 AM IST
Market Update
Market participants said sustained foreign fund inflow ahead of the expiry of November futures and options (F&O) contracts on Thursday is contributing to the market rally. However, weak cues from other Asian markets capped the gains
28 Nov 2019, 11:00:59 AM IST
Global Market Update
Globally, markets traded in the negative, with bourses in Shanghai, Hong Kong, Seoul and Tokyo falling marginally lower after China said it was ready to take "firm counter measures" against the United States after President Donald Trump signed a law supporting pro-democracy protesters in Hong Kong, putting a dampener on hopes of an early trade truce over tariffs.
28 Nov 2019, 11:13:09 AM IST
Rupee trades at 71.37 per dollar
The rupee opened at 71.33 at the interbank foreign exchange and gained further ground to touch a high of 71.32 on Thursday, registering a rise of just 3 paise over its previous close. Although later the local currency gave up gains and fell to 71.37 against the dollar.
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28 Nov 2019, 11:34:52 AM IST
Market Update
Share Market Today: After hitting record highs within few minutes of trade, equity indices traded marginally higher on Thursday, with Sensex and Nifty rising 0.20% each ahead of November derivatives expiry. Sensex has risen 40 points to 41,161.54 and Nifty rose 18 points to 12,118.
28 Nov 2019, 12:10:53 PM IST
BSE to offload 4% in CDSL via OFS
BSE said it will offload 4% in the Central Depository Services Limited (CDSL) via OFS. BSE said that it will sell 41,80,000 equity shares of CDSL. As of September 30, BSE the promoter of CSDL, holds 24% in the company.
