Monday, 20 May 2019

Closing Bell: Sensex, Nifty End At Record Closing High As Exit Polls Suggest Modi's Victory

Sensex was up 1,421.90 points or 3.75% at 39352.67, while Nifty was up 421.10 points or 3.69% at 11828.30. About 2013 shares have advanced, 613 shares declined, and 155 shares are unchanged.
Indiabulls Housing, Adani Ports, SBI and Tata Motors were among major gainers on the Nifty, while losers were Dr. Reddy’s Labs, Tech Mahindra, and Infosys. All the sectoral indices ended in green led by PSU banks, infra, auto, energy, FMCG, metal, and pharma. 

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Rupee Opens At 2-Week High, Gains 73 Paise vs Dollar

The Indian rupee gained in the early trade on Monday. It opened higher by 73 paise at 69.49 per dollar on Monday versus previous close 70.22. Today, the USD-INR pair is expected to quote in the range of 69.20 and 69.90.

Opening Bell: Sensex, Nifty Open Higher

Sensex is up 558.40 points or 1.47% at 38489.17, and the Nifty up 281.60 points or 2.47% at 11688.80. Benchmark indices are trading higher in the pre-opening session with Nifty around 11,700.

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Friday, 17 May 2019

Closing Bell: Nifty Ends Above 11,400, Sensex Jumps 537 Points

Sensex was up 537.29 points at 37930.77, while Nifty was up 150.10 points at 11407.20. About 1381 shares have advanced, 1112 shares declined, and 140 shares are unchanged. Zee Entertainment, Bajaj Finance, and Maruti Suzuki were among major gainers on the Nifty, while losers include Yes Bank, Dr. Reddy’s Labs, and Infosys.

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PNB Housing Finance Falls 4% After PNB Calls Off Deal To Sell Stake

Shares of PNB Housing Finance fell more than 4 percent intraday on May 17 after its promoter company Punjab National Bank (PNB) terminated the share purchase agreement (SPA) entered into with Varde Holdings for the sale of the housing finance company. PNB had entered into an agreement for sale of 1,08,91,733 equity shares held in PNB Housing Finance to Varde Holdings at Rs 850 per share, aggregating to Rs 925.80 crore. 

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Thursday, 16 May 2019

Closing Bell: Nifty Ends Above 11,250, Sensex Gains 278 Points

Sensex was 278.60 points at 37,393.48, while Nifty was up 100.10 points at 11,257.10. About 1155 shares have advanced, 1296 shares declined, and 149 shares are unchanged.
Zee Entertainment, BPCL, IOC and Bajaj Finance were among major gainers on the Nifty, while losers were Yes Bank, IndusInd Bank, Coal India, and Cipla.

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IndiGo In No Hurry To Fill Jet Airways' Space In European Market

India's largest air carrier IndiGo may not be in a tearing hurry to expand its international footprint to Europe and fill the gap created by the suspension of Jet Airways' operations. Though the airline had received slots in London's Gatwick airport and despite reports that flights to the UK capital could begin from March, IndiGo has reviewed its plans.

"We don't want to hurry and go aggressive internationally. Look at Jet Airways, it paid the price," said by senior officials. So it is clear that the airline doesn't want to hurry.

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