Nifty BSE Sensex: Gains in financial, auto and energy stocks supported the upmove in the markets

Domestic stock markets registered sharp gains on Friday, tracking strength in Asian peers where equities rose on easing concerns on the US-China trade front. The S&P BSE Sensex rose as much as 368.56 points to touch the 37,012.98 mark at the strongest level of the day, before settling at a gain of 337.35 points - or 0.92 per cent - at 36,981.77. The broader NSE Nifty benchmark added 109.15 points during the session to register an intraday high of 10,957.05 before settling at 10,946.20, up 98.30 points - or 0.91 per cent - from the previous close. Strong buying interest across financial, auto, metal and energy shares pushed the markets higher, however weakness in consumer goods stocks kept the upside in check.

Top gainers on the 50-scrip index were Maruti Suzuki, Tech Mahindra, Tata Steel, NTPC and Axis Bank, which ended with gains of between 3.23 per cent and 3.87 per cent. Reliance Industries, Axis Bank, Kotak Bank and Maruti Suzuki contributed the most to the upmove in Sensex.

The Sensex finished the holiday-shortened week 688.37 points - or 1.84 per cent - lower, while the Nifty declined 175.35 points - or 1.59 per cent.

Here are the highlights of the movement in domestic financial markets (Sensex, Nifty and rupee) today:

Sep 06, 2019 18:00 (IST) Sensex Registers Weekly Loss Of 688 Points, Nifty Sheds 175 Points

On a weekly basis, the S&P BSE Sensex index shed 688.37 points - or 1.84 per cent - in four sessions, and the broader NSE Nifty benchmark fell 175.35 points - or 1.59 per cent. Foreign portfolio investors net sold equities worth Rs 4,263.79 crore during this period, data from NSDL showed. The financial markets remained closed on Monday for Ganesh Chaturthi On a weekly basis, the S&P BSE Sensex index shed 688.37 points - or 1.84 per cent - in four sessions, and the broader NSE Nifty benchmark fell 175.35 points - or 1.59 per cent. Foreign portfolio investors net sold equities worth Rs 4,263.79 crore during this period, data from NSDL showed.

Sep 06, 2019 17:56 (IST) Maruti Suzuki, Tech Mahindra Gain Nearly 4% Each

Top Nifty Gainers

Maruti Suzuki: +3.87

Tech Mahindra: +3.85%

Tata Steel: +3.43%

NTPC: +3.28%

Axis Bank: +3.23%

Top Nifty Laggards

Indiabulls Housing Finance: -4.57%

Yes Bank: -1.94%

Sun Pharma: -1.57%

Wipro: -1.51%

HCL Tech: -1.34% Sectoral movement

Nifty Bank: +1.22%

Nifty Auto: +2.61%

Nifty Metal: +1.91%

Nifty Energy: +1.76%

Nifty FMGC: -0.21%



Sep 06, 2019 16:10 (IST) Markets Extend Gains As Buying Picks Up In Banking, Energy Shares

The S&P BSE Sensex ended 337.35 points - or 0.92 per cent - higher at 36,981.77, and the settled at 10,946.20, up 98.30 points - 0.91 per cent - from the previous close. Top percentage gainers on the 50-scrip index were Maruti Suzuki, Tech Mahindra, Tata Steel, NTPC and Axis Bank, closing between 3.23 per cent and 3.87 per cent higher. Reliance Industries, Axis Bank, Kotak Bank and Maruti Suzuki contributed the most to the upmove in Sensex.

Sep 06, 2019 15:21 (IST) Sensex Surges Over 350 Points, Reclaims 37,000 Mark

The Sensex surged over 350 points and reclaimed its important psychological level of 37,000 led by gains in banking, auto, metal, and financial services shares.

The Nifty 50 index briefly surpassed 10,950.

Sep 06, 2019 14:49 (IST) Market Update: Sensex, Nifty Trade Firmly Higher; Maruti Suzuki, Bajaj Auto Top Gainers

The Sensex and Nifty were trading on a strong note led by gains in Reliance Industries, Kotak Mahindra Bank, Axis Bank, HDFC Bank, Maruti Suzuki and ICICI Bank.

As of 2:47 pm, the Sensex traded 316 points higher at 36,960 and the NSE Nifty 50 index was up 84 points at 10,931.

Seventeen of 19 sector gauges compiled by BSE were trading higher led by the S&P BSE Auto index's 2.3 per cent gain. On the other hand, S&P BSE Realty index was top loser down 0.6 per cent.



Sep 06, 2019 14:12 (IST) Market Breadth Favours Buyers, Auto Index Top Sectoral Gainer

The overall market breadth was positive and favoured the buyers as 1,431 shares were advancing while 888 were declining on the BSE.

Seven of 11 sector gauges compiled by National Stock Exchange were trading higher led by Nifty Auto index's 2 per cent gain.

Sep 06, 2019 14:02 (IST) Sun Pharma Shares Fall After SEBI Orders Forensic Audit Of Accounts

The Mumbai-based drugmaker Sun Pharma's shares fell 4 per cent on Friday, a day after the company said it has been ordered to undertake a "forensic" audit of its accounts.

The firm said in a statement to financial markets late Thursday that the Securities and Exchange Board of India (SEBI) has told it to review its financial statements for the years ending March 31, 2016, March 31, 2017 and March 31, 2018. The said forensic audit is presently ongoing. The note gave no reason for the audit.

However, news agency Bloomberg news had earlier reported that the development follows a whistleblower complaints on alleged corporate governance lapses that sent its share price tumbling last year.

Sep 06, 2019 13:27 (IST) Prabhat Dairy Hits 20% Upper Circuit On Delisting Proposal

Prabhat Dairy shares surged as much as 20 per cent on Friday, after the dairy products maker said its promoters had expressed their intention to delist the stock from bourses. Ahmednagar, Maharashtra-based Prabhat Dairy plans to acquire a 49.90 per cent stake held by public shareholders, and consequently delist the equity shares from the stock exchanges. The shares surged by their daily maximum limit of 20 per cent to an intraday high of Rs 78.15 on the BSE.



Sep 06, 2019 12:05 (IST) Tech Mahindra Shares Spike After Deal Win From US-Based AT&T

Tech Mahindra shares jumped as much as 5.56 per cent on the BSE amid high volumes, a day after the IT major said had signed a multi-year deal with US-based AT&T. Tech Mahindra said it will expand its strategic collaboration to accelerate AT&T's IT network application, shared systems modernization and movement to the cloud as part of the agreement as part of the agreement. Tech Mahindra shares jumped as much as 5.56 per cent on the BSE amid high volumes, a day after the IT major said had signed a multi-year deal with US-based AT&T. Tech Mahindra said it will expand its strategic collaboration to accelerate AT&T's IT network application, shared systems modernization and movement to the cloud as part of the agreement as part of the agreement.

Sep 06, 2019 11:31 (IST) Sensex Tops 36,800 Mark

At 11:27 am, the Sensex traded 176.66 points - or 0.48 per cent - higher at 36,821.08 while the Nifty was at 10,896.40, up 48.50 points - or 0.45 per cent - from the previous close. Top gainers on the 50-scrip index at the time were Tech Mahindra, Axis Bank, UltraTech Cement, Kotak Mahindra Bank, NTPC and Power Grid, trading between 1.3 per cent and 3.81 per cent higher.

Sep 06, 2019 11:09 (IST) Axis Bank Leads Gains In Banking Stocks

The Nifty Bank - comprising shares of eight major lenders in the country - rose as much as 1.06 per cent during the session. Besides Axis Bank, which rose as much as 2.79 per cent, prominent gainers on the sectoral index included SBI, Kotak Bank, IndusInd Bank and RBL Bank. At 11:05 am, Axis Bank, Kotak Bank and SBI shares were up 2.72 per cent, 1.57 per cent and 1.83 per cent respectively. At 11:05 am, Axis Bank, Kotak Bank and SBI shares were up 2.72 per cent, 1.57 per cent and 1.83 per cent respectively.



Sep 06, 2019 10:25 (IST) Advance-decline Ratio Favours Gains

Markets breadth was sharply positive, with an advance-decline ratio of about 1:2. On the Bombay Stock Exchange (BSE), 1,082 shares traded higher and 594 moved lower. On the National Stock Exchange (NSE), 1,015 stocks advanced while 553 declined. On the National Stock Exchange (NSE), 1,015 stocks advanced while 553 declined.



Sep 06, 2019 10:14 (IST) Sensex Up Over 100 Points, Nifty Near 10,900

The stock markets gave up nearly half of the gains in the first hour of trade. At 10:09 am, the Sensex traded 112.25 points - or 0.31 per cent - higher at 36,756.67 while the Nifty was up 30.15 points - or 0.28 per cent - at 10,878.05. The Nifty Bank and PSU Bank sectoral indices were up 0.58 per cent and 0.77 per cent at the time. The stock markets gave up nearly half of the gains in the first hour of trade. At 10:09 am, the Sensex traded 112.25 points - or 0.31 per cent - higher at 36,756.67 while the Nifty was up 30.15 points - or 0.28 per cent - at 10,878.05.

Sep 06, 2019 10:09 (IST) Rupee Edges Higher Against Dollar (INR Vs USD)

The rupee appreciated by as much as 17 paise to touch the 71.63 mark against the US dollar on Friday. The rupee turned positive after opening nearly unchanged at 71.87 against the greenback. It was last seen trading 11 paise - or 0.15 per cent - higher at 71.73 against the US currency. The rupee appreciated by as much as 17 paise to touch the 71.63 mark against the US dollar on Friday. The rupee turned positive after opening nearly unchanged at 71.87 against the greenback. It was last seen trading 11 paise - or 0.15 per cent - higher at 71.73 against the US currency.

Sep 06, 2019 09:49 (IST) Asian Markets Rise On Easing US-China Trade Concerns

Equities in other Asian markets rose tracking global peers, which welcomed news that the United States and China agreed on Thursday to hold high-level talks early in October. The development raised hopes for substantial progress in de-escalating the long, bitter trade conflict between the US and China.

Trade policy uncertainty driven by the Trump administration's escalating dispute with China means hundreds of billions of dollars in lost US output and as much as $850 billion lost globally through early next year, research published this week by the Federal Reserve suggests.



Sep 06, 2019 09:43 (IST) Sensex Jumps Over 200 Points, Nifty Hits 10,900 Mark

The S&P BSE Sensex index rose as much as 223.07 points to 36,867.49, and the broader NSE Nifty benchmark climbed to 10,906.80 at the strongest point in morning deals, up 58.9 points from the previous close. Buying across sectors barring pharmaceutical and realty shares supported the upmove, led by financial, information technology and energy shares.

Sep 06, 2019 09:18 (IST) Domestic Markets Open Higher

The S&P BSE Sensex index opened 141.17 points higher at 36,785.59 and the broader NSE Nifty benchmark started the day at 10,883.80, up 35.9 points from the previous close.

The S&P BSE Sensex index opened 141.17 points higher at 36,785.59 and the broader NSE Nifty benchmark started the day at 10,883.80, up 35.9 points from the previous close.

Sep 06, 2019 09:14 (IST) Sensex, Nifty Rise In Pre-Opening Session

The Sensex rose as much as 141.17 points to touch 36,785.59 in the pre-open market. At 9:10 am, the S&P BSE Sensex traded 141.17 pints - or 0.39 per cent - higher at 36,785.59, while the broader NSE Nifty was up 35.90 points - or 0.33 per cent - at 10,883.80. Indicative values in the pre-open session are replaced with final value in the order matching phase.





The Sensex rose as much as 141.17 points to touch 36,785.59 in the pre-open market. At 9:10 am, the S&P BSE Sensex traded 141.17 pints - or 0.39 per cent - higher at 36,785.59, while the broader NSE Nifty was up 35.90 points - or 0.33 per cent - at 10,883.80. Indicative values in the pre-open session are replaced with final value in the order matching phase.