Home Business Market Live: Sensex maintains 350-pts gain, Nifty around 10800; metals, auto and banks gain big

Market Live: Sensex maintains 350-pts gain, Nifty around 10800; metals, auto and banks gain big

25 min read



Jun 07, 03:34 PM (IST)


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Closing: The benchmark indices ended on positive note but off day's high on the back of selling pressure seen in the last hour of trading. 

The Sensex up 284.20 points at 35463.08, and the Nifty up 83.70 points at 10768.40.

All the sectoral indices ended in positive territory with a gain of 0.5-1.5 percent gain.

Tata Steel, Tata Motors, ICICI Bank, Axis Bank, Wipro, Indiabulls housing and Asian Paints are the top gained in the indices.

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Closing: The benchmark indices ended on positive note but off day's high on the back of selling pressure seen in the last hour of trading. 

The Sensex up 284.20 points at 35463.08, and the Nifty up 83.70 points at 10768.40.

All the sectoral indices ended in positive territory with a gain of 0.5-1.5 percent gain.

Tata Steel, Tata Motors, ICICI Bank, Axis Bank, Wipro, Indiabulls housing and Asian Paints are the top gained in the indices.



Jun 07, 03:23 PM (IST)


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Tata Motors JLR May Sales: Tata Motors JLR May retail sales jumped 6.1 percent to 48,281 units. Meanwhile, JLR May Europe sales was down 8.7 percent and China sales down 8.1 percent.

Jaguar May retail sales was up 6.6 percent at 14,507 units and Land rover May retail sales was up 6 percent at 33,774 units.

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Tata Motors JLR May Sales: Tata Motors JLR May retail sales jumped 6.1 percent to 48,281 units. Meanwhile, JLR May Europe sales was down 8.7 percent and China sales down 8.1 percent.

Jaguar May retail sales was up 6.6 percent at 14,507 units and Land rover May retail sales was up 6 percent at 33,774 units.



Jun 07, 03:02 PM (IST)


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Shares of Lemon Tree Hotels gained 2 percent as company signed license agreement for 104 room property at Gwalior.

The company has signed a license agreement for a 104 room property at Gwalior, Madhya Pradesh under the company's brand Lemon Tree Hotel.

The hotel is expected to be operational by June, 2020.

Carnation Hotel, the hotel management arm of the company will be operating and marketing this hotel.

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Shares of Lemon Tree Hotels gained 2 percent as company signed license agreement for 104 room property at Gwalior.

The company has signed a license agreement for a 104 room property at Gwalior, Madhya Pradesh under the company's brand Lemon Tree Hotel.

The hotel is expected to be operational by June, 2020.

Carnation Hotel, the hotel management arm of the company will be operating and marketing this hotel.



Jun 07, 02:48 PM (IST)


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Fund raising: Share price of KDDL has locked at 5 percent upper circuit as company is going to consider fund raising plan on June 11.

A meeting of the board of directors of the company is scheduled to be held on June 11 to consider the proposal of raising funds by way of issue of equity shares through preferential issue/qualified institutional placement (QIP)/combination thereof.

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Fund raising: Share price of KDDL has locked at 5 percent upper circuit as company is going to consider fund raising plan on June 11.

A meeting of the board of directors of the company is scheduled to be held on June 11 to consider the proposal of raising funds by way of issue of equity shares through preferential issue/qualified institutional placement (QIP)/combination thereof.



Jun 07, 02:36 PM (IST)


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Buzzing: Shares of Goldstone Infratech locked at 5 percent upper circuit as company has launched its new electric feeder bus eBuzz k6.

The company announced the launch as well as export of its full electric feeder bus eBuzz KG, the 1st bus in this category to be manufactured in India.

With a distinction of being the 1st electric feeder bus in the country, the 18 seater Goldstone-BYD eBuzz KG zero emission electric vehicle has been aesthetically designed to offer utmost comfort to the passengers, company said in release.

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Buzzing: Shares of Goldstone Infratech locked at 5 percent upper circuit as company has launched its new electric feeder bus eBuzz k6.

The company announced the launch as well as export of its full electric feeder bus eBuzz KG, the 1st bus in this category to be manufactured in India.

With a distinction of being the 1st electric feeder bus in the country, the 18 seater Goldstone-BYD eBuzz KG zero emission electric vehicle has been aesthetically designed to offer utmost comfort to the passengers, company said in release.



Jun 07, 02:27 PM (IST)



Jun 07, 01:55 PM (IST)


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Strong momentum has continued on the market in the past hour, with the Sensex holding on to 350-pt lead, while the Nifty hovers around 10,800. It has been a good day of trade for the midcaps, with the index surging over one percent. Banks, energy, IT and metals have gained the most among sectoral indices. Tata Steel, Axis Bank, and Vedanta are the top gainers, while Coal India and Lupin lost the most.

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Strong momentum has continued on the market in the past hour, with the Sensex holding on to 350-pt lead, while the Nifty hovers around 10,800. It has been a good day of trade for the midcaps, with the index surging over one percent. Banks, energy, IT and metals have gained the most among sectoral indices. Tata Steel, Axis Bank, and Vedanta are the top gainers, while Coal India and Lupin lost the most.



Jun 07, 01:13 PM (IST)



Jun 07, 12:41 PM (IST)


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Market Check: The market has gathered a lot of steam now, with the Sensex rising over 350 points, while the Nifty has hit 10,800 after several sessions. Strength is visible in the midcaps space, with the Nifty Midcap index gaining over 1 percent. Banks are trading at the high points; the Bank Nifty is up over 1.3 percent. Metals too have witnessed a surge, up almost 2 percent on the index. Axis Bank, Tata Steel, and Vedanta are the top gainers, while Coal India, Power Grid and UPL have lost the most.

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Market Check: The market has gathered a lot of steam now, with the Sensex rising over 350 points, while the Nifty has hit 10,800 after several sessions. Strength is visible in the midcaps space, with the Nifty Midcap index gaining over 1 percent. Banks are trading at the high points; the Bank Nifty is up over 1.3 percent. Metals too have witnessed a surge, up almost 2 percent on the index. Axis Bank, Tata Steel, and Vedanta are the top gainers, while Coal India, Power Grid and UPL have lost the most.



Jun 07, 12:35 PM (IST)



Jun 07, 12:06 PM (IST)



Jun 07, 11:21 AM (IST)


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Rupee Update: The rupee depreciated by 17 paise to 67.09 against the US dollar in early trade today after RBI's rate hike amid fresh demand for the American unit from importers and banks.

Yesterday, the RBI hiked the policy rate for the first time in over four years – by 0.25 per cent – to curb inflationary pressures from high oil prices.

Weakness in the US dollar against other currencies, including the euro, limited the rupee's fall, analysts said

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Rupee Update: The rupee depreciated by 17 paise to 67.09 against the US dollar in early trade today after RBI's rate hike amid fresh demand for the American unit from importers and banks.

Yesterday, the RBI hiked the policy rate for the first time in over four years – by 0.25 per cent – to curb inflationary pressures from high oil prices.

Weakness in the US dollar against other currencies, including the euro, limited the rupee's fall, analysts said



Jun 07, 11:10 AM (IST)


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Buzzing: HT Media has approved the proposal to invest an amount up to Rs 400 crore in one or more tranches, in its wholly-owned subsidiary company namely, HT Music and Entertainment Company to fund expansion/ growth opportunities in its FM Radio business vertical.

At 11:08 hrs HT Media was quoting at Rs 79.35, up Rs 1.50, or 1.93 percent.

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Buzzing: HT Media has approved the proposal to invest an amount up to Rs 400 crore in one or more tranches, in its wholly-owned subsidiary company namely, HT Music and Entertainment Company to fund expansion/ growth opportunities in its FM Radio business vertical.

At 11:08 hrs HT Media was quoting at Rs 79.35, up Rs 1.50, or 1.93 percent.



Jun 07, 10:57 AM (IST)


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PVR opens 5-screen multiplex: PVR has launched 5 screens multiplex at Vellore, Tamil Nadu Located at Velocity, Silk Mill, Gandhinagar. This multiplex is equipped with classic Dolby 7.1 surround sound system and next generation 3D screens.

With this launch, the company now operates the largest multiplex network with 630 screens at 135 properties in 52 cities.

At 10:56 hrs PVR was quoting at Rs 1,336.00, up Rs 26.70, or 2.04 percent.

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PVR opens 5-screen multiplex: PVR has launched 5 screens multiplex at Vellore, Tamil Nadu Located at Velocity, Silk Mill, Gandhinagar. This multiplex is equipped with classic Dolby 7.1 surround sound system and next generation 3D screens.

With this launch, the company now operates the largest multiplex network with 630 screens at 135 properties in 52 cities.

At 10:56 hrs PVR was quoting at Rs 1,336.00, up Rs 26.70, or 2.04 percent.



Jun 07, 10:47 AM (IST)


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Market Update: The benchmark indices trading strong with Nifty gaining nearly 100 points and Sensex above 35,500. The realty index outperform the sectoral indices with over 2 percent gain.

The Sensex is up 324.51 points or 0.92% at 35503.39, and the Nifty up 94.30 points at 10779.00.

About 1710 shares have advanced, 463 shares declined, and 98 shares are unchanged.

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Market Update: The benchmark indices trading strong with Nifty gaining nearly 100 points and Sensex above 35,500. The realty index outperform the sectoral indices with over 2 percent gain.

The Sensex is up 324.51 points or 0.92% at 35503.39, and the Nifty up 94.30 points at 10779.00.

About 1710 shares have advanced, 463 shares declined, and 98 shares are unchanged.



Jun 07, 10:28 AM (IST)



Jun 07, 10:12 AM (IST)



Jun 07, 10:05 AM (IST)


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Market Check: The market is currently trading strong, with the Sensex gaining over 200 points, while the Nifty has managed to surpass 10,750-mark. The market breadth is currently in favour of advances. Axis Bank, Tata Steel and Vedanta are the top gainers, while Airtel, Power Grid, Tech Mahindra and Titan have lost the most.  

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Market Check: The market is currently trading strong, with the Sensex gaining over 200 points, while the Nifty has managed to surpass 10,750-mark. The market breadth is currently in favour of advances. Axis Bank, Tata Steel and Vedanta are the top gainers, while Airtel, Power Grid, Tech Mahindra and Titan have lost the most.  



Jun 07, 10:00 AM (IST)


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Shares of Kwality touched 52-week low of Rs 31.65, locked at 5 percent lower circuit despite company meeting to consider buyback proposal.

There were pending sell orders of 1,046,218 shares, with no buyers available.

The meeting of board of directors of the company will be held on June 20, 2018 to consider and approve the proposal for buyback of securities and/or bonus issue of securities.The Board also consider the recommendation of interim dividend.

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Shares of Kwality touched 52-week low of Rs 31.65, locked at 5 percent lower circuit despite company meeting to consider buyback proposal.

There were pending sell orders of 1,046,218 shares, with no buyers available.

The meeting of board of directors of the company will be held on June 20, 2018 to consider and approve the proposal for buyback of securities and/or bonus issue of securities.The Board also consider the recommendation of interim dividend.



Jun 07, 09:33 AM (IST)


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Shares of Videocon were locked in 5 percent lower circuit on Thursday as investors reacted to the news of insolvency proceedings being initiated on the firm.

The stock touched an intraday high of Rs 9.00 and an intraday low of Rs 8.62.

The National Company Law Tribunal (NCLT) has admitted the case of Videocon Industries for insolvency proceedings, according to a CNBC-TV 18 report.

As the leader of a consortium of over 20 banks, the State Bank of India (SBI) has moved the National Company Law Tribunal's Mumbai bench to initiate bankruptcy proceedings under the Insolvency and Bankruptcy Code, a banker confirmed.

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Shares of Videocon were locked in 5 percent lower circuit on Thursday as investors reacted to the news of insolvency proceedings being initiated on the firm.

The stock touched an intraday high of Rs 9.00 and an intraday low of Rs 8.62.

The National Company Law Tribunal (NCLT) has admitted the case of Videocon Industries for insolvency proceedings, according to a CNBC-TV 18 report.

As the leader of a consortium of over 20 banks, the State Bank of India (SBI) has moved the National Company Law Tribunal's Mumbai bench to initiate bankruptcy proceedings under the Insolvency and Bankruptcy Code, a banker confirmed.



Jun 07, 09:19 AM (IST)


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Market Opens: It has been a good start to the market, with the Sensex rising over 150 points in the opening tick, while the Nifty opened above 10,700-mark. 

The Sensex is up 155.26 points or 0.44% at 35334.14, while the Nifty is up 46.20 points or 0.43% at 10730.90. The market breadth is positive as 256 shares have advanced, against a decline of 72 shares, while 38 shares are unchanged.

All sectoral indices are trading in the green, with maximum gains coming in from banks, metals as well as automobiles. Midcaps, too, have seen a strong start; Nifty Midcap index is up over half a percent this morning. 

ICICI Bank, IndusInd Bank, and Hindalco gained the most on both indices, while Wipro, Coal India, and Bharti Airtel have lost the most.  

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Market Opens: It has been a good start to the market, with the Sensex rising over 150 points in the opening tick, while the Nifty opened above 10,700-mark. 

The Sensex is up 155.26 points or 0.44% at 35334.14, while the Nifty is up 46.20 points or 0.43% at 10730.90. The market breadth is positive as 256 shares have advanced, against a decline of 72 shares, while 38 shares are unchanged.

All sectoral indices are trading in the green, with maximum gains coming in from banks, metals as well as automobiles. Midcaps, too, have seen a strong start; Nifty Midcap index is up over half a percent this morning. 

ICICI Bank, IndusInd Bank, and Hindalco gained the most on both indices, while Wipro, Coal India, and Bharti Airtel have lost the most.  



Jun 07, 09:10 AM (IST)


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Pre-Opening: The benchmark indices trade higher in the pre-opening on the back positive global cues. The Sensex is up 99.50 points at 35278.38, and the Nifty up 37.90 points at 10722.60.

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Pre-Opening: The benchmark indices trade higher in the pre-opening on the back positive global cues. The Sensex is up 99.50 points at 35278.38, and the Nifty up 37.90 points at 10722.60.



Jun 07, 09:04 AM (IST)


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Rupee Update: The Indian rupee opened flat at 66.93 per dollar on Thursday against previous close 66.92.

Near-month dollar-rupee June contract on the NSE was at 67.08 in the previous session. June contract open interest declined 2.11% in the previous day.

We expect the USD-INR to find supports at lower levels. Utilise downsides in the pair to initiate long positions, said ICICIdirect.

Buy USD-INR in the range of 66.95-67.01, it added.

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Rupee Update: The Indian rupee opened flat at 66.93 per dollar on Thursday against previous close 66.92.

Near-month dollar-rupee June contract on the NSE was at 67.08 in the previous session. June contract open interest declined 2.11% in the previous day.

We expect the USD-INR to find supports at lower levels. Utilise downsides in the pair to initiate long positions, said ICICIdirect.

Buy USD-INR in the range of 66.95-67.01, it added.



Jun 07, 08:59 AM (IST)


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Stocks in news: 

Ex-SplitLumax Auto Technologies – From Rs 10 to Rs 2

Syndicate Bank plans to raise Rs 5K cr via securities

Aditya Birla Fashion: The Board of Directors of the company approved the allotment of 5,843 fully paid-up Equity Shares of Rs 10/- each.

Quess Corp approved sale of 74% equity shareholding held in Inticore VJP Advance Systems

Kirloskar to hike power genset prices by 5-8%

Capital First's debenture committee approved issue of NCD worth Rs 50 crore on private placement basis

Essel Propack – Record date for bonus issue is June 21

Lemon Tree signed License agreement for 104 room property at Gwalior

NCLT Admits Videocon Industries Case For Insolvency Proceedings

Tech Mahindra: Company appoints Harshvendra Soin as Chief People Officer

ICICI Bank clarified that the bank is yet to receive copy of NCLT order

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Stocks in news: 

Ex-SplitLumax Auto Technologies – From Rs 10 to Rs 2

Syndicate Bank plans to raise Rs 5K cr via securities

Aditya Birla Fashion: The Board of Directors of the company approved the allotment of 5,843 fully paid-up Equity Shares of Rs 10/- each.

Quess Corp approved sale of 74% equity shareholding held in Inticore VJP Advance Systems

Kirloskar to hike power genset prices by 5-8%

Capital First's debenture committee approved issue of NCD worth Rs 50 crore on private placement basis

Essel Propack – Record date for bonus issue is June 21

Lemon Tree signed License agreement for 104 room property at Gwalior

NCLT Admits Videocon Industries Case For Insolvency Proceedings

Tech Mahindra: Company appoints Harshvendra Soin as Chief People Officer

ICICI Bank clarified that the bank is yet to receive copy of NCLT order

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