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Sensex Today: Sensex ends 68 points higher, Nifty at 11,946; PSU Bank, Realty stocks on rise

BusinessToday.In | 04 July 2019

Sensex Today: Benchmark indices Sensex and Nifty ended today's trade marginally higher, one day ahead of the Union Budget. While Sensex rose 68 points to 39,908, Nifty gained 30 points to 11,946.

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KEY UPDATES

  • 16:46 IST

    Closing Bell

    Sensex Today: Benchmark indices Sensex and Nifty ended today's trade marginally higher, one day ahead of the Union Budget. While Sensex rose 68 points to 39,908, Nifty gained 30 points to 11,946.

    • 16:46 IST: Sensex Today: Benchmark indices Sensex and Nifty ended today's trade marginally higher, one day ahead of the Union Budget. While Sensex rose 68 points to 39,908, Nifty gained 30 points to 11,946.

  • 15:15 IST

    Market rises in last hour

    After a range-bound in the afternoon session, equity market gained further in the last hour of trade on Thursday. Sectorally , PSU Bank and realty indices are trading on bullish ground since the beginning of the market session, over 1% gain, on hopes of revival from the policy outcome of Economic Survey and Union Budget.


    • 15:15 IST:
    After a range-bound in the afternoon session, equity market gained further in the last hour of trade on Thursday. Sectorally , PSU Bank and realty indices are trading on bullish ground since the beginning of the market session, over 1% gain, on hopes of revival from the policy outcome of Economic Survey and Union Budget.


  • 14:13 IST

    Economic Survey on inflation

    The country's inflation rate has moved to a more stable and low level in the last five fiscals, and controlling price surge remains a key policy focus area of the government, the Economic Survey for 2018-19. (PTI)

    • 14:13 IST: The country's inflation rate has moved to a more stable and low level in the last five fiscals, and controlling price surge remains a key policy focus area of the government, the Economic Survey for 2018-19. (PTI)

  • 14:08 IST

    EPU index and India Vix relativity

     Economic Policy Uncertainty index is very strongly correlated to volatility in exchange rate, stock market & inflation and various other macroeconomic variables. There is a correlation of around 0.7 between volatility in exchange rate and EPU index. The EPU index closely tracks both the deterioration of the future expectation index and India VIX index which monitors the volatility in stock market.

    • 14:08 IST:  Economic Policy Uncertainty index is very strongly correlated to volatility in exchange rate, stock market & inflation and various other macroeconomic variables. There is a correlation of around 0.7 between volatility in exchange rate and EPU index. The EPU index closely tracks both the deterioration of the future expectation index and India VIX index which monitors the volatility in stock market.

  • 14:01 IST

    Economic Survey on Resolution Process

    The CIRP yielded a resolution of 94 cases which has resulted in the settlement of claims of FCs of Rs 1,73,359 crore. These cases include 6 out of 12 large accounts - insolvency resolution in respect of which was initiated by banks, as per directions of the RBI in 2017.

    • 14:01 IST: The CIRP yielded a resolution of 94 cases which has resulted in the settlement of claims of FCs of Rs 1,73,359 crore. These cases include 6 out of 12 large accounts - insolvency resolution in respect of which was initiated by banks, as per directions of the RBI in 2017.

  • 13:59 IST

    Economic Survey shows growth of IBC cases over the years

    The IBC was enacted on May 28, 2016. The Government moved quickly to operationalize the IBC.

    The IBC cases registered represents that 42% of cases filed are from the manufacturing sector covering industries like steel, fast moving consumer goods (FMCG), chemical products, electrical machinery, basic metals, etc.; 20 per cent in real estate; 10 per cent in engineering, procurement,and construction (EPC) sector and 10 per cent in trading companies. Other sectors under stress are textiles, power & utilities, FMCG, and hospitality. 

    The growing number of cases by the FCs indicate that the IBC has already struck a chord with the banks and financial institutions, who view the IBC as a preferred mode to resolve distressed assets and maximize returns.

    As on March 31, 2019, 2,456 IPs were registered with the IBBI from different parts of the country. The highest concentration of IPs is in New Delhi (22 per cent) and Mumbai (16 per cent). 

    • 13:59 IST: The IBC was enacted on May 28, 2016. The Government moved quickly to operationalize the IBC.

    The IBC cases registered represents that 42% of cases filed are from the manufacturing sector covering industries like steel, fast moving consumer goods (FMCG), chemical products, electrical machinery, basic metals, etc.; 20 per cent in real estate; 10 per cent in engineering, procurement,and construction (EPC) sector and 10 per cent in trading companies. Other sectors under stress are textiles, power & utilities, FMCG, and hospitality. 

    The growing number of cases by the FCs indicate that the IBC has already struck a chord with the banks and financial institutions, who view the IBC as a preferred mode to resolve distressed assets and maximize returns.

    As on March 31, 2019, 2,456 IPs were registered with the IBBI from different parts of the country. The highest concentration of IPs is in New Delhi (22 per cent) and Mumbai (16 per cent). 

  • 13:47 IST

    Economic Survey on Investment rate

    Investment rate seen higher in FY20 on higher credit growth. Growth in current fiscal is driven by investment, consumption and investment is the "key driver" of simultaneous growth in demand, jobs, exports & productivity. The image above depicts that after falling for close to a decade since 2008, investment activity has turned the corner since Q1 of 2017-18. As per the chart, since Q1 of 2017-18, there has been an improvement in the investment rate, even with the marginally lower GPD growth rate over the years.

    • 13:47 IST: Investment rate seen higher in FY20 on higher credit growth. Growth in current fiscal is driven by investment, consumption and investment is the "key driver" of simultaneous growth in demand, jobs, exports & productivity. The image above depicts that after falling for close to a decade since 2008, investment activity has turned the corner since Q1 of 2017-18. As per the chart, since Q1 of 2017-18, there has been an improvement in the investment rate, even with the marginally lower GPD growth rate over the years.

  • 13:44 IST

    Economic Survey on Benchmark indices

    S&P BSE Sensex, the benchmark index of Bombay Stock Exchange (BSE), closed at 38,673 on March 31, 2019, witnessing an increase of 17.3 per cent from its closing value of 32,969 as on March 31, 2018

    In addition, Nifty 50, the benchmark index of National Stock Exchange (NSE) closed at 11,624 on March 31, 2019, witnessing a gain of 14.9 per cent from its closing value of 10,114 as on March 31, 2018.

    • 13:44 IST: S&P BSE Sensex, the benchmark index of Bombay Stock Exchange (BSE), closed at 38,673 on March 31, 2019, witnessing an increase of 17.3 per cent from its closing value of 32,969 as on March 31, 2018

    In addition, Nifty 50, the benchmark index of National Stock Exchange (NSE) closed at 11,624 on March 31, 2019, witnessing a gain of 14.9 per cent from its closing value of 10,114 as on March 31, 2018.

  • 13:16 IST

    Economic Survey on Banking

    In banking, the survey stated that the performance of the banking system has improved as NPA ratios declined and credit growth accelerated.However, financial flows to the economy remained constrained because of decline in the amount of equity finance raised from capital markets and stress in the NBFC sector. Capital mobilized through public equity issuance declined by 81 per cent in 2018-19. Credit growth rate y-o-y of the NBFCs have declined from 30 per cent in March 2018 to 9 per cent in March 2019

    • 13:16 IST: In banking, the survey stated that the performance of the banking system has improved as NPA ratios declined and credit growth accelerated.However, financial flows to the economy remained constrained because of decline in the amount of equity finance raised from capital markets and stress in the NBFC sector. Capital mobilized through public equity issuance declined by 81 per cent in 2018-19. Credit growth rate y-o-y of the NBFCs have declined from 30 per cent in March 2018 to 9 per cent in March 2019

  • 13:09 IST

    FPI outflow vs inflow

    As per the Economic Survey, there was a net outflow of Rs 5,499 crore by FPIs in 2018-19 compared to an inflow of Rs 22,466 crore in 2017-18. Total cumulative investment by FPIs decreased to Rs 2,48,154 crore as on March 31 2019 as against Rs 2,53,653 crore as on March 31 2018.

    • 13:09 IST: As per the Economic Survey, there was a net outflow of Rs 5,499 crore by FPIs in 2018-19 compared to an inflow of Rs 22,466 crore in 2017-18. Total cumulative investment by FPIs decreased to Rs 2,48,154 crore as on March 31 2019 as against Rs 2,53,653 crore as on March 31 2018.

  • 12:54 IST

    GM Brewries to post June earnings

    GM Breweries, as per company announcement, will be submitting financial earnings result for the quarter ending June 30. The stock is trading down at Rs 505.25, at a loss of 4.75 or 0.93% currently, with a spurt in volumes traded.

    • Load More

    12:54 IST: GM Breweries, as per company announcement, will be submitting financial earnings result for the quarter ending June 30. The stock is trading down at Rs 505.25, at a loss of 4.75 or 0.93% currently, with a spurt in volumes traded.

  • 12:50 IST

    Sectoral Update

    After the release of Economic Survey, PSU Bank fell from earlier gains and currently advances as the major leading sector  at 1.65% gain, followed by 1.41% gain in Realty sector. FMCG has turned flat, while Metal is the most declining sector for the day, at a loss of 0.55%, followed by 0.12% loss in Pharma. Nifty CPSE and PSE are also trading down.

    • 12:50 IST: After the release of Economic Survey, PSU Bank fell from earlier gains and currently advances as the major leading sector  at 1.65% gain, followed by 1.41% gain in Realty sector. FMCG has turned flat, while Metal is the most declining sector for the day, at a loss of 0.55%, followed by 0.12% loss in Pharma. Nifty CPSE and PSE are also trading down.

  • 12:46 IST

    INDIA Vix falls further

    INDIA Vix on the release day of Economic Survey stands at 13.4975, at a fall of 0.20 % or 1.44% against yesterday's close of 14, indicating lower volumes and weak volatility in the market.

    • 12:46 IST: INDIA Vix on the release day of Economic Survey stands at 13.4975, at a fall of 0.20 % or 1.44% against yesterday's close of 14, indicating lower volumes and weak volatility in the market.

  • 12:41 IST

    Theme of EcoSurvey2019 is to enable

    "The theme of EcoSurvey2019 is to enable "shifting gears" to accelerate and sustain a real GDP growth rate of 8% and thereby achieve the vision of Economy5trillion," tweeted CEA KV Subramanian.

    The cover design of #EcoSurvey2019 of Inter-linked Gears captures the idea of investment, savings, exports, growth and jobs being complementary and forming a “Virtuous Cycle” with investment as the key driver. 3/3@FinMinIndia@PIB_India@nsitharamanoffchttps://t.co/0FZjMIr8Ty

    — K V Subramanian (@SubramanianKri) July 4, 2019

    • 12:41 IST: "The theme of EcoSurvey2019 is to enable "shifting gears" to accelerate and sustain a real GDP growth rate of 8% and thereby achieve the vision of Economy5trillion," tweeted CEA KV Subramanian.

    The cover design of #EcoSurvey2019 of Inter-linked Gears captures the idea of investment, savings, exports, growth and jobs being complementary and forming a “Virtuous Cycle” with investment as the key driver. 3/3@FinMinIndia@PIB_India@nsitharamanoffchttps://t.co/0FZjMIr8Ty

    — K V Subramanian (@SubramanianKri) July 4, 2019

  • 12:27 IST

    Kolte Patil signs 3 new projects in Pune



    Shares of Kolte-Patil Developers rose 4 percent on Thursday as it announced to the exchanges that the firm plnas to develop over 1250 units over 3 projects in Pune with saleable potential of  over 1.2 m sqaure feet.

    The firm expects to earn fees of Rs 60-65 cr over 30-36 months from development management.

    • 12:27 IST:

    Shares of Kolte-Patil Developers rose 4 percent on Thursday as it announced to the exchanges that the firm plnas to develop over 1250 units over 3 projects in Pune with saleable potential of  over 1.2 m sqaure feet.

    The firm expects to earn fees of Rs 60-65 cr over 30-36 months from development management.

  • 12:22 IST

    Economics Survey findings and predictions

    The survey said that the moderation of growth momentum was on account of Agriculture & Allied, Trade, hotel ,transport, storage, communication and service related to broadcasting and Public administration and defense sectors.

    The survey further added that higher economic growth in the ongoing fiscal year is predicted owing to stable macroeconomic conditions. The survey said that NBFC has stressed the FY19 slowdown.

    The survey said that the outlook of the Indian Economy looks bright for the year 2019-20 on back of pick up private investment and robust consumption growth.

    It added that the nation has maintained its macroeconomic stability by containing inflation within 4% and by managing a current account deficit to GDP ratio.

    Non-Performing Assets as a percentage of Gross Advances have reduced to 10.1 % at the end of December 2018 from 11.5 % at the end of March 2018.

    • 12:22 IST: The survey said that the moderation of growth momentum was on account of Agriculture & Allied, Trade, hotel ,transport, storage, communication and service related to broadcasting and Public administration and defense sectors.

    The survey further added that higher economic growth in the ongoing fiscal year is predicted owing to stable macroeconomic conditions. The survey said that NBFC has stressed the FY19 slowdown.

    The survey said that the outlook of the Indian Economy looks bright for the year 2019-20 on back of pick up private investment and robust consumption growth.

    It added that the nation has maintained its macroeconomic stability by containing inflation within 4% and by managing a current account deficit to GDP ratio.

    Non-Performing Assets as a percentage of Gross Advances have reduced to 10.1 % at the end of December 2018 from 11.5 % at the end of March 2018.

  • 11:45 IST

    Economic Survey Highlights

    Economic Survey Document has been tabled in the Parliament. Economic Survey
    has predicted the GDP growth at 7% for the FY20 from an estimated 6.8% in the previous year. While the General fiscal deficit was seen at 5.8 percent in FY19. A figure of 3.55% fiscal deficit was targeted by the Modi government in the last budget 2017-18.

    • 11:45 IST:
    Economic Survey Document has been tabled in the Parliament. Economic Survey
    has predicted the GDP growth at 7% for the FY20 from an estimated 6.8% in the previous year. While the General fiscal deficit was seen at 5.8 percent in FY19. A figure of 3.55% fiscal deficit was targeted by the Modi government in the last budget 2017-18.

  • 10:27 IST

    Sectors Update

    On the sectoral front, PSU bank led the with 1.80 % gains, followed by 1.20 % advance in Realty sector, while selling seen in the IT, Metal and Auto indices.

    • 10:27 IST:
    On the sectoral front, PSU bank led the with 1.80 % gains, followed by 1.20 % advance in Realty sector, while selling seen in the IT, Metal and Auto indices.

  • 10:25 IST

    Cox & Kings top loser on BSE

    Share price of Cox & Kings currently trade at Rs 29.80, with a fall 4.94% with the opening bell and locked in lower circuit as the firm defaulted on payment of interest on NCD due on June 30. It has touched a new 52-week and all time low of Rs 29.80. There are only sellers and no bids standing for the share today

    • 10:25 IST: Share price of Cox & Kings currently trade at Rs 29.80, with a fall 4.94% with the opening bell and locked in lower circuit as the firm defaulted on payment of interest on NCD due on June 30. It has touched a new 52-week and all time low of Rs 29.80. There are only sellers and no bids standing for the share today

  • 10:18 IST

    India's monsoon rain below average for fifth straight week




    India’s monsoon rains in the week ending on Wednesday were below average for the fifth time in a row, although the deficit was the lowest since the start of the season, after it revived in central and western regions.

    Monsoon rains are crucial for farm output and economic growth, as about 55% of India’s arable land is rain-fed, and agriculture forms about 15% of a $2.5-trillion economy that is the third biggest in Asia.




    • 10:18 IST:


    India’s monsoon rains in the week ending on Wednesday were below average for the fifth time in a row, although the deficit was the lowest since the start of the season, after it revived in central and western regions.

    Monsoon rains are crucial for farm output and economic growth, as about 55% of India’s arable land is rain-fed, and agriculture forms about 15% of a $2.5-trillion economy that is the third biggest in Asia.




  • 10:15 IST

    Rupee rises

    Indian Rupee opens higher at 68.82 against the dollar. Later, it rose to 68.87, up by 0.12% against the last close. Rupee yesterday closed at 68.91 per dollar.

    • 10:15 IST: Indian Rupee opens higher at 68.82 against the dollar. Later, it rose to 68.87, up by 0.12% against the last close. Rupee yesterday closed at 68.91 per dollar.

  • 10:10 IST

    Gold steadies as stocks surge



    Gold steadied on Wednesday, paring earlier gains as a rally in equities reduced the attraction of the non-yielding metal, while global growth concerns and prospects for dovish monetary policy kept bullion supported. (Reuters)

    • 10:10 IST:

    Gold steadied on Wednesday, paring earlier gains as a rally in equities reduced the attraction of the non-yielding metal, while global growth concerns and prospects for dovish monetary policy kept bullion supported. (Reuters)

  • 10:08 IST

    Oil prices edge down

    Oil prices edged higher on Wednesday ahead of a U.S. holiday, after falling steeply a day earlier as worries about a slowing global economy outweighed a decision by OPEC and allies to extend crude output cuts.




    • 10:08 IST:
    Oil prices edged higher on Wednesday ahead of a U.S. holiday, after falling steeply a day earlier as worries about a slowing global economy outweighed a decision by OPEC and allies to extend crude output cuts.




  • 09:47 IST

    IndiaMART InterMESH rises 20%



    IndiaMART InterMESH Ltd  listing in the stock exchanges today on July 04, 2019, under the n the list of 'B' Group Securities, with a face value of Rs 10.

    After the IPO that raised Rs 476 crore, IndiaMART's stock price that was fixed at the final issue price of Rs 973 per share as the higher end of the price band.

    The stock is currently trading at Rs 1175, at a gain of over 20% against the listed price of Rs 973.

    The stock has generated an Market Capital of Rs 3,395.43 cr on BSE till now.

    • 09:47 IST:

    IndiaMART InterMESH Ltd  listing in the stock exchanges today on July 04, 2019, under the n the list of 'B' Group Securities, with a face value of Rs 10.

    After the IPO that raised Rs 476 crore, IndiaMART's stock price that was fixed at the final issue price of Rs 973 per share as the higher end of the price band.

    The stock is currently trading at Rs 1175, at a gain of over 20% against the listed price of Rs 973.

    The stock has generated an Market Capital of Rs 3,395.43 cr on BSE till now.

  • 09:21 IST

    Opening Session

     
    Markets opened marginally higher today with Sensex strating at 39,917.65 against yesterday close of 39,839.25 while Nifty50 opened at 11,928.80 aganst th elast close of 11,916.

    • 09:21 IST:  
    Markets opened marginally higher today with Sensex strating at 39,917.65 against yesterday close of 39,839.25 while Nifty50 opened at 11,928.80 aganst th elast close of 11,916.

  • 09:16 IST

    IndiaMART InterMESH debut today

    IndiaMART InterMESH is set to make its debut on bourses on July 4.The company raised Rs 476 crore through the IPO and fixed final issue price at Rs 973 per share as the higher end of the price band.

    • 09:16 IST: IndiaMART InterMESH is set to make its debut on bourses on July 4.The company raised Rs 476 crore through the IPO and fixed final issue price at Rs 973 per share as the higher end of the price band.

  • 09:13 IST

    Pre-Open Session

    Market pre-opened positively, with Sensex rising 88 points up at 39,927.72 against the previous close of 39,839.25 and Nifty50 started pre-open session at 11,928.80 level at a gain of 12 points above the 11,916, the last close.

    • 09:13 IST: Market pre-opened positively, with Sensex rising 88 points up at 39,927.72 against the previous close of 39,839.25 and Nifty50 started pre-open session at 11,928.80 level at a gain of 12 points above the 11,916, the last close.

  • 09:09 IST

    Market cautious ahead of Economic Survey and Budgetary Outcome


    The market has been quite tepid in the past few weeks with Sensex and Nifty trading sideways on back of lower volumes, suggestive that the stocks were being traded cautiously on concerns of economic slowdown that will be the key focus of the Union Budget & Economic Survey.

    Indian equities are expected to trade on a flat note today as investors' anticipation were high ahead of the Budget 2019 outcome tomorrow and the Economic Survey scheduled for today at 11: 00 am.

    Budget 2019 outcome, on which a lot of hopes and expectations are based, is likely to give market a further direction which currently goes through a correction phase.
     

    • 09:09 IST:
    The market has been quite tepid in the past few weeks with Sensex and Nifty trading sideways on back of lower volumes, suggestive that the stocks were being traded cautiously on concerns of economic slowdown that will be the key focus of the Union Budget & Economic Survey.

    Indian equities are expected to trade on a flat note today as investors' anticipation were high ahead of the Budget 2019 outcome tomorrow and the Economic Survey scheduled for today at 11: 00 am.

    Budget 2019 outcome, on which a lot of hopes and expectations are based, is likely to give market a further direction which currently goes through a correction phase.
     

  • 08:55 IST

    FII and DII

    On a net basis, foreign institutional investors sold equities worth Rs 390.18 crore, while domestic institutional investors purchased shares to the tune of Rs 287.57 crore, provisional data available with stock exchanges showed Wednesday.

    • 08:55 IST: On a net basis, foreign institutional investors sold equities worth Rs 390.18 crore, while domestic institutional investors purchased shares to the tune of Rs 287.57 crore, provisional data available with stock exchanges showed Wednesday.

  • 08:54 IST

    Wednesday's Close

    Benchmark indices Sensex and Nifty closed flat with positive bias in Wednesday's trade. By the closing session, Sensex rose 22 points to 39,839 and Nifty gained 6.45 points to 11,916.

    • 08:54 IST:
    Benchmark indices Sensex and Nifty closed flat with positive bias in Wednesday's trade. By the closing session, Sensex rose 22 points to 39,839 and Nifty gained 6.45 points to 11,916.

  • 08:53 IST

    Wall StreeT closes on record highs

    On Wall Street, all the top 3 indices, namely S&P 500, Dow, Nasdaq closed at record highs

    U.S. stocks rose on Wednesday, with each of the major indexes closing at a record high, as expectations grew that the Federal Reserve would take a more dovish turn as a raft of data provided more evidence of a slowing economy.






    • 08:53 IST:
    On Wall Street, all the top 3 indices, namely S&P 500, Dow, Nasdaq closed at record highs

    U.S. stocks rose on Wednesday, with each of the major indexes closing at a record high, as expectations grew that the Federal Reserve would take a more dovish turn as a raft of data provided more evidence of a slowing economy.






  • 08:52 IST

    Asian indices held on to gains after a strong Wall Street close



    Asian stocks advanced on Thursday, tracking sharp gains on Wall Street as recent data from multiple sectors pointed to slowing economic growth in the United States, bolstering the prospect of rate cuts by the Federal Reserve. (Rueters)

    Although SGX Nifty was down at 11,944, at a loss of 4 or 0.03%, indicating a flat start for the Indian equities.





    • 08:52 IST:

    Asian stocks advanced on Thursday, tracking sharp gains on Wall Street as recent data from multiple sectors pointed to slowing economic growth in the United States, bolstering the prospect of rate cuts by the Federal Reserve. (Rueters)

    Although SGX Nifty was down at 11,944, at a loss of 4 or 0.03%, indicating a flat start for the Indian equities.





  • 08:44 IST

    Market Expectations

    Key Benchmark indices are expected to open positive today, on account of strong global cues amid investors' anticipation on the Economic Survey, scheduled to be tabled at 1: 00 pm today.

    • 08:44 IST: Key Benchmark indices are expected to open positive today, on account of strong global cues amid investors' anticipation on the Economic Survey, scheduled to be tabled at 1: 00 pm today.

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