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Sensex Today: Sensex closes at all-time high of 40,653, Nifty at 12,016, Sun Pharma, IndusInd Bank, Bharti Infratel top gainers

BusinessToday.In, | 07 November 2019

Sensex Today: Benchmark indices closed on record high levels on Thursday, backed by strong global equities after China said it agreed with the US to roll back tariffs. After hitting another fresh high of 40,688 level, BSE Sensex today closed 183 points higher at 40,653, while NSE Nifty ended the day's trade 50 points higher at 12,016 mark. NSE Nifty made an intraday high of 12,021, mere 81 points away from the 52-week high of 12,103.05. Sectorally, except auto and PSU bank, all the other sectors closed in the bullish territory, with metal and realty indices rising the most. Index heavyweights that posted their quarterly results at market hours included Sun Pharma, Adani Transmission, BASF India, HPCL, IPCA Labs and VIP Industries, while other listed companies like DLF, Thomas Cook,Whirlpool of India, Aditya Birla Capital, United Breweries, Indraprastha Gas, GSK Consumer Healthcare and Power Grid Corporation will announce their September earnings later in the day.

 

 

 

Check Latest Updates

KEY UPDATES

  • Sensex Today: Sectorally, except auto and PSU bank, all the other sectors closed in the bullish territory, with metal and realty indices rising the most
  • 08:55 IST

    Global equities trade at record high levels






    World stocks rallied to near record highs on Friday as investors cheered signs of progress in U.S.-China trade talks. European shares rose for a fifth straight session on Thursday to hit fresh four year highs. In the European market, Germany’s DAX Index increased 0.8% to 13,289.46, hitting the highest in more than 21 months with its fifth consecutive advance.

    Asian market like Nikkei Index gained 0.4% while Taiwan and China Index declined marginally.

    MSCI’s gauge of stocks across the globe rose slightly to stand at 543.70, just a hair off the record high of 550.63 reached in January 2018. The MSCI Emerging Market Index climbed 0.5% to 1,074.08, the highest in about six months after BOE kept unchanged interest rate at 0.75%.


     

  • 08:55 IST:




    World stocks rallied to near record highs on Friday as investors cheered signs of progress in U.S.-China trade talks. European shares rose for a fifth straight session on Thursday to hit fresh four year highs. In the European market, Germany’s DAX Index increased 0.8% to 13,289.46, hitting the highest in more than 21 months with its fifth consecutive advance.

    Asian market like Nikkei Index gained 0.4% while Taiwan and China Index declined marginally.

    MSCI’s gauge of stocks across the globe rose slightly to stand at 543.70, just a hair off the record high of 550.63 reached in January 2018. The MSCI Emerging Market Index climbed 0.5% to 1,074.08, the highest in about six months after BOE kept unchanged interest rate at 0.75%.


     

  • 16:04 IST

    Expert Opinion


    Commenting on the announcement by the government over real estate revival, VK Vijaykumar, Chief Investment Strategist at Geojit Financial Service said,"The proposed AIF is better than the earlier one since this also includes projects referred to NCLT. This will be beneficial not only to the stressed real estate sector but also to the home finance and NBFCs which have lent to developers. The announcement also sends the signal that more economic reforms are in the offing."

     

  • 16:04 IST:
    Commenting on the announcement by the government over real estate revival, VK Vijaykumar, Chief Investment Strategist at Geojit Financial Service said,"The proposed AIF is better than the earlier one since this also includes projects referred to NCLT. This will be beneficial not only to the stressed real estate sector but also to the home finance and NBFCs which have lent to developers. The announcement also sends the signal that more economic reforms are in the offing."

     

  • 16:00 IST

    Market Viewpoint

    "Reforms & earnings are the market drivers, the measures to support realty sector augers well for the sector to outperform. The proposed measure will help to start the recovery of stalled projects and can see a ripple effect in NBFCs, banks & cement sector. On global front, China agreed with US for phased removal of tariffs that has brightened hope for a trade deal and bring some cheer for markets across the globe," said Vinod Nair, head of research from Geojit Financial Services

     

  • 16:00 IST: "Reforms & earnings are the market drivers, the measures to support realty sector augers well for the sector to outperform. The proposed measure will help to start the recovery of stalled projects and can see a ripple effect in NBFCs, banks & cement sector. On global front, China agreed with US for phased removal of tariffs that has brightened hope for a trade deal and bring some cheer for markets across the globe," said Vinod Nair, head of research from Geojit Financial Services

     

  • 15:56 IST

    Top gainers and losers

    Top gainers by the closing hours included Sun Pharma, IndusInd Bank, Bharti Infratel, Hindalco Industries and JSW Steel, while UPL Ltd, YES Bank, GAIL, BPAL and Cipla were among the top losers today.

     

  • 15:56 IST: Top gainers by the closing hours included Sun Pharma, IndusInd Bank, Bharti Infratel, Hindalco Industries and JSW Steel, while UPL Ltd, YES Bank, GAIL, BPAL and Cipla were among the top losers today.

     

  • 15:47 IST

    Closing Bell

    Sensex Today: Benchmark indices closed on record high levels on Thursday, backed by strong global equities after China said it agreed with the U.S. to roll back tariffs. After hitting another fresh high of 40,688 level, BSE Sensex today closed 183 points higher at 40,653, while NSE Nifty ended the day's trade 50 points higher at 12,016 mark. NSE Nifty made an intraday high of 12,021, mere 81 points away from the 52-week high of 12,103.05. Sectorally, except auto and PSU bank, all the other sectors closed in the bullish territory, with meatl and realty indices rising the most.

  • 15:47 IST: Sensex Today: Benchmark indices closed on record high levels on Thursday, backed by strong global equities after China said it agreed with the U.S. to roll back tariffs. After hitting another fresh high of 40,688 level, BSE Sensex today closed 183 points higher at 40,653, while NSE Nifty ended the day's trade 50 points higher at 12,016 mark. NSE Nifty made an intraday high of 12,021, mere 81 points away from the 52-week high of 12,103.05. Sectorally, except auto and PSU bank, all the other sectors closed in the bullish territory, with meatl and realty indices rising the most.

  • 15:35 IST

    Sensex hits fresh all-time high

    Sensex Today Live: Benchmark indices rose to record high levels by the closing hour on Thursday, backed by strong global equities after after China said it agreed with the U.S. to roll back tariffs. Sensex rose to a fresh high of 40,688 by the closing bell, while Nifty quoted 12,021 as intraday high, trading mere 81 points away from the 52-week high of 12,103.05.

  • 15:35 IST: Sensex Today Live: Benchmark indices rose to record high levels by the closing hour on Thursday, backed by strong global equities after after China said it agreed with the U.S. to roll back tariffs. Sensex rose to a fresh high of 40,688 by the closing bell, while Nifty quoted 12,021 as intraday high, trading mere 81 points away from the 52-week high of 12,103.05.

  • 15:25 IST

    Thomas Cook Q2 result: Key expectations

    Thomas Cook India Ltd (TCIL) is slated to announce its September quarter earnings for current financial year (Q2FY20) on Thursday, November 7 amid challenging external environment. Given the anticipated headwinds in the larger economy and travel sector, the company expects its travel and forex segments to hold steady during the current fiscal and report modest growth in combined EBIT (earnings before interest and taxes), according to analysts at IIFL.

    Thomas Cook result preview: What to expect in September quarter earnings?



     

  • 15:25 IST: Thomas Cook India Ltd (TCIL) is slated to announce its September quarter earnings for current financial year (Q2FY20) on Thursday, November 7 amid challenging external environment. Given the anticipated headwinds in the larger economy and travel sector, the company expects its travel and forex segments to hold steady during the current fiscal and report modest growth in combined EBIT (earnings before interest and taxes), according to analysts at IIFL.

    Thomas Cook result preview: What to expect in September quarter earnings?



     

  • 15:24 IST

    Global Market Update

    US Futures gained 137 points or 0.5%, coupled with European stocks rising closer to an all-time high after China said it agreed with the U.S. to roll back tariffs. Dax Index gained 0.3% followed by FTSE and CAC Index gained half percent each.

     

  • 15:24 IST: US Futures gained 137 points or 0.5%, coupled with European stocks rising closer to an all-time high after China said it agreed with the U.S. to roll back tariffs. Dax Index gained 0.3% followed by FTSE and CAC Index gained half percent each.

     

  • 15:24 IST

    IPCA Labs Q2 result

    IPCA Labs on Thursday reported 63.3% year-on-year rise in its Q2 net profit recorded at Rs 194 crore. Company's EBITDA was up 54.5% year-on-year at Rs 266 crore while the EBITDA margin stood at 20.7%. Company's income rose 26.9% year-on-year at Rs 1,284 crore.

     

  • 15:24 IST: IPCA Labs on Thursday reported 63.3% year-on-year rise in its Q2 net profit recorded at Rs 194 crore. Company's EBITDA was up 54.5% year-on-year at Rs 266 crore while the EBITDA margin stood at 20.7%. Company's income rose 26.9% year-on-year at Rs 1,284 crore.

     

  • 15:23 IST

    Sun Pharma Q2 result today: Key expectations



    Sun Pharmaceutical Industries will announce its July-September (Q2) earnings for FY20 on Thursday. The pharmaceutical company is likely to see nearly 15-17% rise in its revenues. The margins are expected to be around 21% as against 22% in the same quarter last year.

    Sun Pharma may also report a profit of around Rs 1,100 crore which is likely to be supported by a low base, reported CNBCTV18.

    Whereas, according to brokerage house Emkay's earnings estimates, the pharmaceuticals giant is expected to report a net profit of Rs 1,114.8 crore up 12% year-on-year and down 20% quarter-on-quarter (QoQ).

    Sun Pharma share price rises over 1% ahead of Q2 earnings

  • 15:23 IST:

    Sun Pharmaceutical Industries will announce its July-September (Q2) earnings for FY20 on Thursday. The pharmaceutical company is likely to see nearly 15-17% rise in its revenues. The margins are expected to be around 21% as against 22% in the same quarter last year.

    Sun Pharma may also report a profit of around Rs 1,100 crore which is likely to be supported by a low base, reported CNBCTV18.

    Whereas, according to brokerage house Emkay's earnings estimates, the pharmaceuticals giant is expected to report a net profit of Rs 1,114.8 crore up 12% year-on-year and down 20% quarter-on-quarter (QoQ).

    Sun Pharma share price rises over 1% ahead of Q2 earnings

  • 15:20 IST

    Tata Steel share falls 3.8% post Q2 earnings

    Tata Steel share fell 3.8% to Rs 389 on BSE after the firm reported a 5.97 per cent year-on-year (YoY) growth in its consolidated net profit at Rs 3,302.31 crore for the second quarter ended September 30, 2019, driven by one-time deferred tax gain of Rs 4,365.33 crore.

  • 15:20 IST: Tata Steel share fell 3.8% to Rs 389 on BSE after the firm reported a 5.97 per cent year-on-year (YoY) growth in its consolidated net profit at Rs 3,302.31 crore for the second quarter ended September 30, 2019, driven by one-time deferred tax gain of Rs 4,365.33 crore.

  • 15:16 IST

    HDFC Bank cuts lending rate by 10 bps

    HDFC Bank cut its marginal-cost based lending rate (MCLR) for various tenors by up to 10 basis points today. Stock trades 0.62% higher at  Rs 1,264 on BSE.

  • 15:16 IST: HDFC Bank cut its marginal-cost based lending rate (MCLR) for various tenors by up to 10 basis points today. Stock trades 0.62% higher at  Rs 1,264 on BSE.

  • 15:12 IST

    PNB Housing Finance raises Rs 2,500 crore from LIC, stock hits 52-week high

    PNB Housing Finance share price hit a fresh 52-week high  today after the firm said LIC has invested Rs 2,500 crore in the company by subscribing to its secured redeemable non-convertible debentures (NCDs). This issuance is through private placement basis with a door-to-door tenure of 10 years, and the proceeds will be utilised by the company for its normal course of business operations. The stock price rose 7.54% to Rs 599 against previuso close of  Rs 557 on BSE.  The stock opened with a gain of 5.59% at Rs 588.15 today.

  • 15:12 IST: PNB Housing Finance share price hit a fresh 52-week high  today after the firm said LIC has invested Rs 2,500 crore in the company by subscribing to its secured redeemable non-convertible debentures (NCDs). This issuance is through private placement basis with a door-to-door tenure of 10 years, and the proceeds will be utilised by the company for its normal course of business operations. The stock price rose 7.54% to Rs 599 against previuso close of  Rs 557 on BSE.  The stock opened with a gain of 5.59% at Rs 588.15 today.

  • 15:06 IST

    Somany Ceramics share price rises 9% on strong Q2 earnings

    Somany Ceramics share price rose 9 percent intraday after the firm reported a 41.7 percent YoY rise in its Q2 profit to Rs 6.5 crore compared to Rs 4.6 crore. Revenue rose 7.9 percent to Rs 422.2 crore compared to Rs 391.4 crore in the corresponding quarter of previous fiscal. The profit included a one-time loss at Rs 26.8 crore.

  • 15:06 IST: Somany Ceramics share price rose 9 percent intraday after the firm reported a 41.7 percent YoY rise in its Q2 profit to Rs 6.5 crore compared to Rs 4.6 crore. Revenue rose 7.9 percent to Rs 422.2 crore compared to Rs 391.4 crore in the corresponding quarter of previous fiscal. The profit included a one-time loss at Rs 26.8 crore.

  • 14:11 IST

    Metal stocks rise amid trade deal optimism

    Metals stocks traded higher after China-US agrees to lift tariffs in phases as the trade deal progresses and agreed to roll back some tariffs on each other.

    While shares of Vedanta rose 4% post the announcement, followed by 2.38% rise in Hindalco  shares and 1.05% rise registsred in JSW Steel. This was followed by Tata Steel that traded up nearly 5% from day's low and later rose 0.43% intraday.

     

  • 14:11 IST: Metals stocks traded higher after China-US agrees to lift tariffs in phases as the trade deal progresses and agreed to roll back some tariffs on each other.

    While shares of Vedanta rose 4% post the announcement, followed by 2.38% rise in Hindalco  shares and 1.05% rise registsred in JSW Steel. This was followed by Tata Steel that traded up nearly 5% from day's low and later rose 0.43% intraday.

     

  • 14:01 IST

    Market Update

    Benchmark indices Sensex and Nifty have gained 0.29% each by the afternoon session on Thursday as strength in financial and realty stocks supported the markets while weakness in auto and banking shares limited the gains. Sentiments of market investors further strengthened after reports suggested that China-US have agreed to roll back some tariffs on each other imposed during their monthslong trade war. The two countries reportedly plan to lift tariffs in phases as the trade deal progresses.

     

  • 14:01 IST: Benchmark indices Sensex and Nifty have gained 0.29% each by the afternoon session on Thursday as strength in financial and realty stocks supported the markets while weakness in auto and banking shares limited the gains. Sentiments of market investors further strengthened after reports suggested that China-US have agreed to roll back some tariffs on each other imposed during their monthslong trade war. The two countries reportedly plan to lift tariffs in phases as the trade deal progresses.

     

  • 13:48 IST

    Thomas Cook rises 4% ahead of results

    Thomas Cook (India)  share price gained in afternoon trade today ahead of the travel services firm's Q2 earnings announcement today. Thomas Cook  (India)  share price rose 4.34% to Rs 131 compared to the previous close of Rs 125.55 on BSE. The small cap stock has gained after two consecutive days of fall.

    However, the stock has lost 44.83% since the beginning of this year and 41.83% in last one year.

    Thomas Cook share price rises over 4% ahead of Q2 earnings

     

  • 13:48 IST:

    Thomas Cook (India)  share price gained in afternoon trade today ahead of the travel services firm's Q2 earnings announcement today. Thomas Cook  (India)  share price rose 4.34% to Rs 131 compared to the previous close of Rs 125.55 on BSE. The small cap stock has gained after two consecutive days of fall.

    However, the stock has lost 44.83% since the beginning of this year and 41.83% in last one year.

    Thomas Cook share price rises over 4% ahead of Q2 earnings

     

  • 13:39 IST

    Sun Pharma share price rises over 1% ahead of Q2 earnings

    Sun Pharma share price was trading higher ahead of the firm's Q2 earnings to be announced today.  The pharma stock gained 1.06% to Rs 432.10 compared to the previous close of Rs 427.55 on BSE. Sun Pharma stock has risen after two days of fall. Two lakh shares of the firm were traded amounting to turnover of Rs 8.68 crore on BSE.

    The stock hit its 52-week high of Rs 603.75 on November 9, 2018 and 52-week low of Rs 350.40 on May 13, 2019 on BSE.

    Sun Pharma share price rises over 1% ahead of Q2 earnings

     

  • 13:39 IST:

    Sun Pharma share price was trading higher ahead of the firm's Q2 earnings to be announced today.  The pharma stock gained 1.06% to Rs 432.10 compared to the previous close of Rs 427.55 on BSE. Sun Pharma stock has risen after two days of fall. Two lakh shares of the firm were traded amounting to turnover of Rs 8.68 crore on BSE.

    The stock hit its 52-week high of Rs 603.75 on November 9, 2018 and 52-week low of Rs 350.40 on May 13, 2019 on BSE.

    Sun Pharma share price rises over 1% ahead of Q2 earnings

     

  • 13:16 IST

    Expert take on realty stocks


    "With nearly Rs 2 lakh cr projects stuck in NCR and Rs 97,000 cr projects in MMR, Government's initiative of an AIF Category II fund with substantially large initial corpus of Rs 25,000 crores has the potential to act as a force multiplier to impart the necessary push to revive economic activity in the nerve centers of Indian economy,"  Ajay Bodke, CEO Prabhudas Lilladher - PMS said.


    He also added," The likes of Piramal Enterprises, L&T Finance, JM Finance, Edelweiss (even the likes of India Bulls Finance and DHFL), banks saddled with large Real estate exposure like Yes Bank, Indusind Bank etc and quality names like HDFC Ltd should lead the charge."

    "Real estate developers like DLF, Godrej, Oberoi, Sobha, Purvankara, Kolte-Patil, Brigade etc as well as EPC companies deriving substantial revenues from real estate like NBCC, Ahluwalia and of course L&T would remain in focus," he stated further.

  • 13:16 IST:
    "With nearly Rs 2 lakh cr projects stuck in NCR and Rs 97,000 cr projects in MMR, Government's initiative of an AIF Category II fund with substantially large initial corpus of Rs 25,000 crores has the potential to act as a force multiplier to impart the necessary push to revive economic activity in the nerve centers of Indian economy,"  Ajay Bodke, CEO Prabhudas Lilladher - PMS said.


    He also added," The likes of Piramal Enterprises, L&T Finance, JM Finance, Edelweiss (even the likes of India Bulls Finance and DHFL), banks saddled with large Real estate exposure like Yes Bank, Indusind Bank etc and quality names like HDFC Ltd should lead the charge."

    "Real estate developers like DLF, Godrej, Oberoi, Sobha, Purvankara, Kolte-Patil, Brigade etc as well as EPC companies deriving substantial revenues from real estate like NBCC, Ahluwalia and of course L&T would remain in focus," he stated further.

  • 12:58 IST

    VIP Industries stock price turns bearish post Q2 result

    VIP Industries posted 0.3% rise in its consolidated net profit to Rs 32.9 crore in September quarter versus Rs 32.8 crore recorded in the corresponding period last year. Company's revenue hiked 2.6% to Rs 412.3 crore year-on-year and its EBITDA gained nearly 30% on a yearly basis. Share price of VIP Industries rose nealry 2% to the intraday high of Rs 463.95 ahead of results. Although, following the realease of Q2 results, VIP Industries stock price has turned bearish and currently trades 0.32% lower at Rs 453.50 on the BSE.

     

  • 12:58 IST: VIP Industries posted 0.3% rise in its consolidated net profit to Rs 32.9 crore in September quarter versus Rs 32.8 crore recorded in the corresponding period last year. Company's revenue hiked 2.6% to Rs 412.3 crore year-on-year and its EBITDA gained nearly 30% on a yearly basis. Share price of VIP Industries rose nealry 2% to the intraday high of Rs 463.95 ahead of results. Although, following the realease of Q2 results, VIP Industries stock price has turned bearish and currently trades 0.32% lower at Rs 453.50 on the BSE.

     

  • 12:53 IST

    Oil prices decline

    Oil slipped, with West Texas Intermediate crude for December delivery settling down fractionally at $56.35 a barrel, after settling 1.2% higher on Tuesday on the New York Mercantile Exchange. Supply rose sharply, a government agency said Wednesday.

  • 12:53 IST: Oil slipped, with West Texas Intermediate crude for December delivery settling down fractionally at $56.35 a barrel, after settling 1.2% higher on Tuesday on the New York Mercantile Exchange. Supply rose sharply, a government agency said Wednesday.

  • 12:32 IST

    Tata Steel declines nearly 4% after result

    Tata Steel fell 3.57% to Rs 389.9 on the BSE after the steel maker reported 5.97% year-on-year (YoY) growth in its consolidated net profit at Rs 3,302.31 crore for the second quarter ended September 30, 2019, driven by one-time deferred tax gain of Rs 4,365.33 crore.


    Consolidated profit of India business stood at Rs 3,400 crore, while revenue stood at Rs 20,204 crore. Consolidated revenue fell 15.44% to Rs 34,579.18 crore in July-September quarter, while the steel maker's EBITDA (Earnings before Interest, Tax, Depreciation and Amortization) tumbled 56.60% to Rs 3,819.60 crore in July-September.

    Tata Steel Q2 profit rises 6% to Rs 3,302 crore on tax gain, revenue down 15%

  • 12:32 IST: Tata Steel fell 3.57% to Rs 389.9 on the BSE after the steel maker reported 5.97% year-on-year (YoY) growth in its consolidated net profit at Rs 3,302.31 crore for the second quarter ended September 30, 2019, driven by one-time deferred tax gain of Rs 4,365.33 crore.


    Consolidated profit of India business stood at Rs 3,400 crore, while revenue stood at Rs 20,204 crore. Consolidated revenue fell 15.44% to Rs 34,579.18 crore in July-September quarter, while the steel maker's EBITDA (Earnings before Interest, Tax, Depreciation and Amortization) tumbled 56.60% to Rs 3,819.60 crore in July-September.

    Tata Steel Q2 profit rises 6% to Rs 3,302 crore on tax gain, revenue down 15%

  • 12:23 IST

    Market Update

    Sensex Today Live: Currently Sensex trades 60 points higher to 40,530 and Nifty is trading 12 points higher at 11,978. Earlier today, Sensex made a fresh all time high of 40,676, while Nifty's intraday high of 12,021.40, mere 81.65 points away from the all time high of 12,103.05. Although broader indices capped early gains after media reports suggested that US-China trade deal signing could be delayed to December.

  • 12:23 IST: Sensex Today Live: Currently Sensex trades 60 points higher to 40,530 and Nifty is trading 12 points higher at 11,978. Earlier today, Sensex made a fresh all time high of 40,676, while Nifty's intraday high of 12,021.40, mere 81.65 points away from the all time high of 12,103.05. Although broader indices capped early gains after media reports suggested that US-China trade deal signing could be delayed to December.

  • 12:20 IST

    Titan Company share rises after 4 days of loss


    After falling 10% on Wednesday post the September quarter earnings, share price of Titan Company rose 1.5% to the intraday high of Rs 1178.90, against the previous closing of Rs 1156 on the BSE. 

  • 12:20 IST:
    After falling 10% on Wednesday post the September quarter earnings, share price of Titan Company rose 1.5% to the intraday high of Rs 1178.90, against the previous closing of Rs 1156 on the BSE. 

  • 12:13 IST

    IndiGo shares rise nearly 2% on codeshare agreement with Qatar Airways

    IndiGo stock price rose 1.88% to the intraday high of Rs 1496.20 on the BSE, after the airline announced today that have signed a one-way codeshare agreement with  Qatar Airways to strengthen connectivity between India and Qatar, where Qatar Airways will place its code on IndiGo flights between Doha and Delhi, Mumbai and Hyderabad.

    This is the second codeshare agreement after  Turkish Airlines, as part of its growth strategy for international markets for IndiGo, which has about 40% share of the domestic Indian market. Qatar Airways will place its code “QR” on IndiGo operated flights between the mentioned destinations.

    InterGlobe Aviation signs code share agreement with Qatar Airways, share rises nearly 2%

  • 12:13 IST: IndiGo stock price rose 1.88% to the intraday high of Rs 1496.20 on the BSE, after the airline announced today that have signed a one-way codeshare agreement with  Qatar Airways to strengthen connectivity between India and Qatar, where Qatar Airways will place its code on IndiGo flights between Doha and Delhi, Mumbai and Hyderabad.

    This is the second codeshare agreement after  Turkish Airlines, as part of its growth strategy for international markets for IndiGo, which has about 40% share of the domestic Indian market. Qatar Airways will place its code “QR” on IndiGo operated flights between the mentioned destinations.

    InterGlobe Aviation signs code share agreement with Qatar Airways, share rises nearly 2%

  • 11:39 IST

    Reliance Industries (RIL) share price rises 1.18%

    Reliance Industries share price rose in early trade today after global brokerage UBS reiterated its buy advice and raised target price for the stock of Mukesh Ambani-led firm. Reliance Industries (RIL) share price rose 1.18% to Rs 1,449 compared to the previous close of Rs 1,432. The stock opened 0.4% higher at  Rs 1,438 on BSE. RIL share price has risen after two consecutive days of fall.

    Reliance Industries share price rises after two days of fall; UBS reiterates buy call, raises price target

  • 11:39 IST:

    Reliance Industries share price rose in early trade today after global brokerage UBS reiterated its buy advice and raised target price for the stock of Mukesh Ambani-led firm. Reliance Industries (RIL) share price rose 1.18% to Rs 1,449 compared to the previous close of Rs 1,432. The stock opened 0.4% higher at  Rs 1,438 on BSE. RIL share price has risen after two consecutive days of fall.

    Reliance Industries share price rises after two days of fall; UBS reiterates buy call, raises price target

  • 11:38 IST

    Delay in US-China trade deal

    Reuters reported on Wednesday a meeting between U.S. President Donald Trump and Chinese President Xi Jinping to sign an interim trade deal could be delayed until December as discussions continue over terms and venue.

    The official, who spoke on condition of anonymity, said it was still possible the “phase one” agreement aimed at ending a damaging trade war would not be reached, but a deal was more likely than not.

    Among various suggestions was to sign a deal after a scheduled NATO meeting in early December.

  • 11:38 IST:

    Reuters reported on Wednesday a meeting between U.S. President Donald Trump and Chinese President Xi Jinping to sign an interim trade deal could be delayed until December as discussions continue over terms and venue.

    The official, who spoke on condition of anonymity, said it was still possible the “phase one” agreement aimed at ending a damaging trade war would not be reached, but a deal was more likely than not.

    Among various suggestions was to sign a deal after a scheduled NATO meeting in early December.

  • 11:36 IST

    Rupee weakens 14 paise to 71.11 per dollar

    The rupee opened on a weak note and declined by 14 paise to 71.11 against the US dollar in opening trade on Thursday after reports that the US-China trade deal signing could be delayed to December weighed on investor community.

    Forex traders said, the decline in the domestic unit was largely in tandem with other Asian currencies after reports of delay in US-China trade deal.

    However, sustained foreign fund inflows, positive opening in domestic equities and easing crude oil prices supported the local unit.

    The rupee opened weak at 71.10 at the interbank forex market and then fell further to 71.11, down 14 paise over its last close.

    The rupee had settled at 70.97 against the US dollar on Wednesday.

    Rupee vs Dollar: Rupee weakens 14 paise to 71.11 per dollar amid reports of delay in US-China trade deal
     

  • 11:36 IST: The rupee opened on a weak note and declined by 14 paise to 71.11 against the US dollar in opening trade on Thursday after reports that the US-China trade deal signing could be delayed to December weighed on investor community.

    Forex traders said, the decline in the domestic unit was largely in tandem with other Asian currencies after reports of delay in US-China trade deal.

    However, sustained foreign fund inflows, positive opening in domestic equities and easing crude oil prices supported the local unit.

    The rupee opened weak at 71.10 at the interbank forex market and then fell further to 71.11, down 14 paise over its last close.

    The rupee had settled at 70.97 against the US dollar on Wednesday.

    Rupee vs Dollar: Rupee weakens 14 paise to 71.11 per dollar amid reports of delay in US-China trade deal
     

  • 11:33 IST

    Global Market Update

    US markets retracted after seeing record highs in recent days, as investors weighed on a report that an interim China-U.S. trade deal could be delayed until December.

    Key U.S. indices closed mixed Wednesday, after seeing record highs in recent days, as markets weighed a report that an interim China-U.S. trade deal could be delayed until December. The Dow closed unchanged, the S&P 500 edged up 0.07% and the Nasdaq Composite slipped 0.29%.

    Elsewhere in Asia, MSCI’s broadest index of Asia-Pacific shares outside Japan  dipped a slight 0.2%, just off a six-month high hit earlier in the week.

    Discussions are continuing between the world’s twolargest trading partners about terms and a venue for a meeting and it is unlikely to be wrapped up soon

  • 11:33 IST: US markets retracted after seeing record highs in recent days, as investors weighed on a report that an interim China-U.S. trade deal could be delayed until December.

    Key U.S. indices closed mixed Wednesday, after seeing record highs in recent days, as markets weighed a report that an interim China-U.S. trade deal could be delayed until December. The Dow closed unchanged, the S&P 500 edged up 0.07% and the Nasdaq Composite slipped 0.29%.

    Elsewhere in Asia, MSCI’s broadest index of Asia-Pacific shares outside Japan  dipped a slight 0.2%, just off a six-month high hit earlier in the week.

    Discussions are continuing between the world’s twolargest trading partners about terms and a venue for a meeting and it is unlikely to be wrapped up soon

  • 11:09 IST

    Lupin posts net loss of Rs 127 crore, shares decline over 4%





    Lupin shares fell 4.35% to the intraday low of Rs 738.6 on the BSE, after the drug major on Wednesday reported a consolidated net loss of Rs 127.1 crore in the second quarter-ended September 30, 2019, impacted by a one-time loss of Rs 546.5 crore.

    "The Mumbai-based firm had posted a net profit of Rs 266 crore in the same period last fiscal and Rs 303 crore in Q1FY20," Lupin said in a filing to the Bombay Stock Exchange.

    Consolidated revenue from operations of the pharma major increased 10.3% year-on-year (YoY) to Rs 4,359.7 crore in Q2FY20 as against Rs 3,951 crore in Q2FY19. EBITDA (Earnings before, Interest, Tax, Depreciation and Amortisation) rose 10.8% YoY to Rs 864.3 crore as against Rs 780.3 crore in September quarter of the last financial year.

    Following Q2 earnings, shares of Lupin closed 2.29% higher at Rs 772.15 apiece on the Bombay Stock Exchange.

    Lupin posts net loss of Rs 127 crore in September quarter; hit by one-time loss of Rs 546 crore

  • 11:09 IST:



    Lupin shares fell 4.35% to the intraday low of Rs 738.6 on the BSE, after the drug major on Wednesday reported a consolidated net loss of Rs 127.1 crore in the second quarter-ended September 30, 2019, impacted by a one-time loss of Rs 546.5 crore.

    "The Mumbai-based firm had posted a net profit of Rs 266 crore in the same period last fiscal and Rs 303 crore in Q1FY20," Lupin said in a filing to the Bombay Stock Exchange.

    Consolidated revenue from operations of the pharma major increased 10.3% year-on-year (YoY) to Rs 4,359.7 crore in Q2FY20 as against Rs 3,951 crore in Q2FY19. EBITDA (Earnings before, Interest, Tax, Depreciation and Amortisation) rose 10.8% YoY to Rs 864.3 crore as against Rs 780.3 crore in September quarter of the last financial year.

    Following Q2 earnings, shares of Lupin closed 2.29% higher at Rs 772.15 apiece on the Bombay Stock Exchange.

    Lupin posts net loss of Rs 127 crore in September quarter; hit by one-time loss of Rs 546 crore

  • 10:56 IST

    Markets erase most of day's gains

    After hitting record high levels in the early trade, benchmark indices Sensex and Nifty capped early gains and rose 0.15% each. Currently Sensex trades 86 points higher to 40,556 and Nifty are trading 12 points 11,978. Sectorally, while gains in realty, FMCG, banking and media shares helped the bullish momentum, bearishness in metal, pharma, PSU banking and auto stocks dragged the broader indices further down.  Earlier today, Sensex made a fresh all time high of 40,676, while Nifty's intraday high of 12,021.40, mere 81.65 points away from the all time high of 12,103.05.

  • 10:56 IST: After hitting record high levels in the early trade, benchmark indices Sensex and Nifty capped early gains and rose 0.15% each. Currently Sensex trades 86 points higher to 40,556 and Nifty are trading 12 points 11,978. Sectorally, while gains in realty, FMCG, banking and media shares helped the bullish momentum, bearishness in metal, pharma, PSU banking and auto stocks dragged the broader indices further down.  Earlier today, Sensex made a fresh all time high of 40,676, while Nifty's intraday high of 12,021.40, mere 81.65 points away from the all time high of 12,103.05.

  • 10:46 IST

    Indiabulls Housing Finance shares rise as board approves fundraise

    Indiabulls Housing Finance shares opened with a gain of 4.9% today  and later rose nearly 17% to an intraday high of Rs 255.9 on the BSE today.

    Indiabulls Housing Finance reported Q2 consolidated net profit for the September quarter at a 32% decline to Rs 702.18 crore.

    Its total income during the July-September 2019 period also came down to Rs 3,420.45 crore, from Rs 4,255.27 crore in the year-ago period, it said in a regulatory filing.

    Its board of directors also declared an interim dividend of Rs 7 per equity share, it said.

    The board also approved has approved fundraising plan through issuance of non-convertible debentures and warrants, up to Rs 10,000 crore.

    On Wednesday, shares of Indiabulls Housing ended 2.79% down at Rs 219.25 on the BSE.

  • 10:46 IST: Indiabulls Housing Finance shares opened with a gain of 4.9% today  and later rose nearly 17% to an intraday high of Rs 255.9 on the BSE today.

    Indiabulls Housing Finance reported Q2 consolidated net profit for the September quarter at a 32% decline to Rs 702.18 crore.

    Its total income during the July-September 2019 period also came down to Rs 3,420.45 crore, from Rs 4,255.27 crore in the year-ago period, it said in a regulatory filing.

    Its board of directors also declared an interim dividend of Rs 7 per equity share, it said.

    The board also approved has approved fundraising plan through issuance of non-convertible debentures and warrants, up to Rs 10,000 crore.

    On Wednesday, shares of Indiabulls Housing ended 2.79% down at Rs 219.25 on the BSE.

  • 10:33 IST

    Sectors Update

    Sectorally, while gains in realty, FMCG, banking and media shares helped the bullish momentum, bearishness in metal, pharma, PSU banking and auto stocks dragged the broader indices further down.

     

  • 10:33 IST: Sectorally, while gains in realty, FMCG, banking and media shares helped the bullish momentum, bearishness in metal, pharma, PSU banking and auto stocks dragged the broader indices further down.

     

  • 10:29 IST

    Cipla stock rises 1.5% post Q2 result




    Share price of Cipla tarded 1.5% higher at Rs 487.20 on the BSE after the drug maker reported 25% year-on-year (yoy) jump in its consolidated net profit at Rs 471.35 crore for the second quarter ended September 30, 2019. However, the profit was down 1% compared to Rs 478 crore in June quarter of this financial year.

    Cipla's revenue from operations rose 10% to Rs 4,396 crore in Q2FY20 as against Rs 4,012 crore in Q2FY19. Consolidated revenue from India business grew 9%t yoy to Rs 1,810 crore, while international business delivered a growth of 8% yoy at Rs 2,454 crore.

    On Wednesday, following Q2 earnings release, shares of Cipla were trading 2.87 per cent higher at Rs 481 apiece on the Bombay Stock Exchange.

    Cipla Q2 profit surges 25% to Rs 471 crore, revenue rises 10%

  • 10:29 IST:


    Share price of Cipla tarded 1.5% higher at Rs 487.20 on the BSE after the drug maker reported 25% year-on-year (yoy) jump in its consolidated net profit at Rs 471.35 crore for the second quarter ended September 30, 2019. However, the profit was down 1% compared to Rs 478 crore in June quarter of this financial year.

    Cipla's revenue from operations rose 10% to Rs 4,396 crore in Q2FY20 as against Rs 4,012 crore in Q2FY19. Consolidated revenue from India business grew 9%t yoy to Rs 1,810 crore, while international business delivered a growth of 8% yoy at Rs 2,454 crore.

    On Wednesday, following Q2 earnings release, shares of Cipla were trading 2.87 per cent higher at Rs 481 apiece on the Bombay Stock Exchange.

    Cipla Q2 profit surges 25% to Rs 471 crore, revenue rises 10%

  • 10:13 IST

    Canara Bank rises 2% post Q2 result

    Shares of Canara Bank rose 2% in Thursday's early trade after the company posted 22% rise in net profit at Rs 365 crore in September quarter, helped by lower provisions, higher other income and improvement in asset quality.

    Canara Bank's net interest income (NII), or the core income a bank earns by giving loans, fell by 4.6%, whereas its operating profit rose 9.37% yoy to Rs 2,545 crore.

    Canara Bank's asset quality showed improvement during September quarter, as gross non-performing assets (NPAs) ratio reduced to 8.68%, versus 10.56% in the year-ago quarter.

    On Wednesday, Canara Bank shares closed trade at Rs 210.85 on the BSE, up 1.98% as compared to the previous close.

    Canara Bank posts 22% rise in net profit at Rs 365 crore in September quarter, asset quality improves

  • 10:13 IST: Shares of Canara Bank rose 2% in Thursday's early trade after the company posted 22% rise in net profit at Rs 365 crore in September quarter, helped by lower provisions, higher other income and improvement in asset quality.

    Canara Bank's net interest income (NII), or the core income a bank earns by giving loans, fell by 4.6%, whereas its operating profit rose 9.37% yoy to Rs 2,545 crore.

    Canara Bank's asset quality showed improvement during September quarter, as gross non-performing assets (NPAs) ratio reduced to 8.68%, versus 10.56% in the year-ago quarter.

    On Wednesday, Canara Bank shares closed trade at Rs 210.85 on the BSE, up 1.98% as compared to the previous close.

    Canara Bank posts 22% rise in net profit at Rs 365 crore in September quarter, asset quality improves

  • 10:08 IST

    FII remains bullish, DII stays bearish

    Net investment of equity and debt reported by foreign portfolio investors (FPIs) remained positive with net buying logged at Rs 1,011.49 crore from Indian equities while domestic institutional investors (DIIs) turned bearish with net selling logged at Rs 1,117.25 crore on Thursday.

     

  • 10:08 IST: Net investment of equity and debt reported by foreign portfolio investors (FPIs) remained positive with net buying logged at Rs 1,011.49 crore from Indian equities while domestic institutional investors (DIIs) turned bearish with net selling logged at Rs 1,117.25 crore on Thursday.

     

  • 10:07 IST

    Bajaj Electricals slip nearly 4% post Q2 results



    Shares of Bajaj Electricals fell 3.72% to the intraday low of Rs 340 on the BSE, after the company reported net loss of Rs 32.5 crore in September quarter. Company's revenue declined by 31% while its sales fell 31.51% to Rs 1,095.65 crore as against Rs 1,599.81 crore in the second quarter of the previous year.

    Segment wise, consumer products division earned a growth of 9% while its EPC (Engineering, Procurement & Construction) segment registered a de-growth of 58.80%.

    On Wednesday, shares of Bajaj Electricals closed 8.60 percent lower at Rs 349.10 apiece on the Bombay Stock Exchange.

    Bajaj Electricals posts net loss of Rs 32.5 crore in September quarter, revenue declines 31%

  • 10:07 IST:

    Shares of Bajaj Electricals fell 3.72% to the intraday low of Rs 340 on the BSE, after the company reported net loss of Rs 32.5 crore in September quarter. Company's revenue declined by 31% while its sales fell 31.51% to Rs 1,095.65 crore as against Rs 1,599.81 crore in the second quarter of the previous year.

    Segment wise, consumer products division earned a growth of 9% while its EPC (Engineering, Procurement & Construction) segment registered a de-growth of 58.80%.

    On Wednesday, shares of Bajaj Electricals closed 8.60 percent lower at Rs 349.10 apiece on the Bombay Stock Exchange.

    Bajaj Electricals posts net loss of Rs 32.5 crore in September quarter, revenue declines 31%

  • 10:02 IST

    Yes Bank: Moody's places bank's ratings under review for downgrade


    After 2 days of consecutive gain, YES Bank shares have fallen nearly 3% to Rs 66.70, its intraday low against the last close of Rs 68.75, after the global ratings agency Moody's placed private sector lender's ratings under review for downgrade on Wednesday.


    Citing weak financial performance in the September quarter, Moody's said,"We note that there are significant execution risks around the timing, price and regulatory approvals required. During the review period, we will focus on the bank's ability to raise new equity capital."

    A rating downgrade is possible if it were to fail to raise the capital or if the quantum of dud loans rose or because of a deterioration in the liquidity position, it said.

    "The bank's weakening financial position can be somewhat offset by the planned capital raising. Nevertheless, there are significant execution risks around the timing, price and regulatory approvals required," the agency noted and warned that any inability to raise the fund will negatively impact the credit profile and ratings.


     

  • 10:02 IST:
    After 2 days of consecutive gain, YES Bank shares have fallen nearly 3% to Rs 66.70, its intraday low against the last close of Rs 68.75, after the global ratings agency Moody's placed private sector lender's ratings under review for downgrade on Wednesday.


    Citing weak financial performance in the September quarter, Moody's said,"We note that there are significant execution risks around the timing, price and regulatory approvals required. During the review period, we will focus on the bank's ability to raise new equity capital."

    A rating downgrade is possible if it were to fail to raise the capital or if the quantum of dud loans rose or because of a deterioration in the liquidity position, it said.

    "The bank's weakening financial position can be somewhat offset by the planned capital raising. Nevertheless, there are significant execution risks around the timing, price and regulatory approvals required," the agency noted and warned that any inability to raise the fund will negatively impact the credit profile and ratings.


     

  • 09:57 IST

    Centre approves Rs 25,000 cr funding to finish stalled housing projects

    Realty shares on Thursday traded higher after Union Cabinet approved formation of a bailout fund worth Rs 25,000 crore to finish stalled housing projects in the country.

    Reacting to the news Indiabulls Real Estate traded nearly 5% higher, Sobha Limited rose 2.5%, followed by 1.5% rise in Oberoi Realty Limited and 1.25% advance in Prestige, DLF and Godrej Properties.



    Talking to media after the Cabinet meeting on Wednesday, Finance Minister Nirmala Sitharaman said that the government has approved forming a special window which is to be structured as an alternative investment fund. The government will infuse Rs 10,000 crore in the relief fund.

     

    "Government will give Rs 10,000 crore. We have already spoken with institutions like SBI, LIC and so on, who together will also put money which will touch Rs 25,000 crore. This will be kept open. Several sovereign funds have also expressed interest to come into it. Gradually, we will keep adding to the AIF corpus," the Finance Minister said.

    Centre approves Rs 25,000 crore bailout fund for stalled housing projects

  • 09:57 IST:

    Realty shares on Thursday traded higher after Union Cabinet approved formation of a bailout fund worth Rs 25,000 crore to finish stalled housing projects in the country.

    Reacting to the news Indiabulls Real Estate traded nearly 5% higher, Sobha Limited rose 2.5%, followed by 1.5% rise in Oberoi Realty Limited and 1.25% advance in Prestige, DLF and Godrej Properties.



    Talking to media after the Cabinet meeting on Wednesday, Finance Minister Nirmala Sitharaman said that the government has approved forming a special window which is to be structured as an alternative investment fund. The government will infuse Rs 10,000 crore in the relief fund.

     

    "Government will give Rs 10,000 crore. We have already spoken with institutions like SBI, LIC and so on, who together will also put money which will touch Rs 25,000 crore. This will be kept open. Several sovereign funds have also expressed interest to come into it. Gradually, we will keep adding to the AIF corpus," the Finance Minister said.

    Centre approves Rs 25,000 crore bailout fund for stalled housing projects

  • 09:52 IST

    Sectors Update

    While all the sectors traded in the green except auto, media and metal, realty stocks led the rally today, rising at 1.59%. Following this, FMCG, banking and financial indices gained 0.50% each.

  • 09:52 IST: While all the sectors traded in the green except auto, media and metal, realty stocks led the rally today, rising at 1.59%. Following this, FMCG, banking and financial indices gained 0.50% each.

  • 09:47 IST

    Market Viewpoint

    Benchmark indices are clocking new highs recently based on commitment from the FM Sitharaman to speed up reforms in the near future. Amid improved earnings by index heavyweights, hopes of further policy actions and a good festive season amid strong global indices have also led optimism in investors to stay in the market. Currently  Sensex trades 159 points higher to 40,658 and Nifty are trading 47 points 12,013.

  • 09:47 IST: Benchmark indices are clocking new highs recently based on commitment from the FM Sitharaman to speed up reforms in the near future. Amid improved earnings by index heavyweights, hopes of further policy actions and a good festive season amid strong global indices have also led optimism in investors to stay in the market. Currently  Sensex trades 159 points higher to 40,658 and Nifty are trading 47 points 12,013.

  • 09:37 IST

    Realty index gains the most

    NSE realty index gained the most and outperformed the other sectors today, rising 1.59% intraday in expectation of new measures.

    The rally in realty scrips today is on back of FM Sitharaman's announcement that the government is working with RBI to revive real estate sector. She flagged concerns over the problems faced by the real estate sector, saying that the ailing sector required a lot of attention. "A healthy real estate sector is the biggest creator of jobs," she added.

  • 09:37 IST: NSE realty index gained the most and outperformed the other sectors today, rising 1.59% intraday in expectation of new measures.

    The rally in realty scrips today is on back of FM Sitharaman's announcement that the government is working with RBI to revive real estate sector. She flagged concerns over the problems faced by the real estate sector, saying that the ailing sector required a lot of attention. "A healthy real estate sector is the biggest creator of jobs," she added.

  • 09:25 IST

    Opening Bell: Market starts at record high

    Against the previous closing of 40,469.78, Sensex started the day at 40,625.64 and made an intraday high, also a fresh all time high of 40,656.66. Nifty on Thursday started the day at 12,021.10 compared to last close of 11,961 mark and made high of 12,021.40 in the early trade. Nifty currently trades 81.65 points away from the all time high of 12,103.05

  • 09:25 IST: Against the previous closing of 40,469.78, Sensex started the day at 40,625.64 and made an intraday high, also a fresh all time high of 40,656.66. Nifty on Thursday started the day at 12,021.10 compared to last close of 11,961 mark and made high of 12,021.40 in the early trade. Nifty currently trades 81.65 points away from the all time high of 12,103.05

  • 09:18 IST

    Pre-open Session

    Benchmark indices rose 0.40% each by the pre-opening session and currently trade at record high levles on Thursday. Sensex has risen 140 points to 40,609, while Nifty is trading 38 points higher at 12,004 level.

    Yesterday, Sensex breached earlier record high level to hit a fresh all-time high of 40,606.91 mark and Nifty made an intraday high to 12,002.90 level, trading 0.80% or 100 points away from the 52-week high of 12,103.05.

  • 09:18 IST: Benchmark indices rose 0.40% each by the pre-opening session and currently trade at record high levles on Thursday. Sensex has risen 140 points to 40,609, while Nifty is trading 38 points higher at 12,004 level.

    Yesterday, Sensex breached earlier record high level to hit a fresh all-time high of 40,606.91 mark and Nifty made an intraday high to 12,002.90 level, trading 0.80% or 100 points away from the 52-week high of 12,103.05.

  • 09:15 IST

    Earnings Today

    Sun Pharma, LT Foods, BASF India, Powergrid, BPCL, DLF, HPCL,Thomas Cook, VIP Industries, Whirlpool of India, Aditya Birla Capital, Adani Transmission, Ajmera Realty, Andhra Bank, Gujarat Alkalies, Indowind Energy, Ipca Laboratories, Max India, Power Grid COrporation, United Breweries, UCO Bank, UPL, Wockhardt, IPCA Labs, Lloyds Steels Industries, Indraprastha Gas, Indostar Capital Finance, Glaxosmithkline Consumer Healthcare, Max India and HealthCare Global Enterprises among others are the top listed firms due to post their quarterly results today.

  • 09:15 IST: Sun Pharma, LT Foods, BASF India, Powergrid, BPCL, DLF, HPCL,Thomas Cook, VIP Industries, Whirlpool of India, Aditya Birla Capital, Adani Transmission, Ajmera Realty, Andhra Bank, Gujarat Alkalies, Indowind Energy, Ipca Laboratories, Max India, Power Grid COrporation, United Breweries, UCO Bank, UPL, Wockhardt, IPCA Labs, Lloyds Steels Industries, Indraprastha Gas, Indostar Capital Finance, Glaxosmithkline Consumer Healthcare, Max India and HealthCare Global Enterprises among others are the top listed firms due to post their quarterly results today.

  • 09:14 IST

    Closing on Wednesday

    On Wednesday, Sensex closed at 40,469.78 level, rising 221 points against the last close and Nifty ended the day's trade at 11,961, up 43 points. Where Sensex breached earlier record high level to hit a fresh all time high of 40,606.91 mark on Wednesday, Nifty made an intraday high to 12,002.90 level, trading 0.80% or 100 points away from the 52-week high of 12,103.05.

    Sensex hits all-time high, Nifty scales 12,000: Five factors that led to rally today

  • 09:14 IST: On Wednesday, Sensex closed at 40,469.78 level, rising 221 points against the last close and Nifty ended the day's trade at 11,961, up 43 points. Where Sensex breached earlier record high level to hit a fresh all time high of 40,606.91 mark on Wednesday, Nifty made an intraday high to 12,002.90 level, trading 0.80% or 100 points away from the 52-week high of 12,103.05.

    Sensex hits all-time high, Nifty scales 12,000: Five factors that led to rally today