Stock market: The Sensex rose as much as 174.25 points to 36,898.99 at the day's strongest level

Domestic stock markets erased all of the day's gains in the second half of the session, dragged lower by selling in financial stocks. The S&P BSE Sensex - which climbed 174.25 points to an intraday high of 36,898.99 in morning deals - slumped as much as 357.11 points from that level, before settling at 36,644.42. The broader NSE Nifty benchmark ended nearly unchanged at 10,847.90, as gains in auto, metal, pharmaceuticals and energy shares were offset by losses in banking and financial services stocks. HDFC, ICICI Bank and TCS were the top drags on the Sensex.

Weakness in financial stocks came a day after the Reserve Bank of India (RBI) made it mandatory for commercial banks to link certain loans to the external benchmark rates from October 1, in a bid to allow faster transmission of reduction in key rates to consumers. Banks will have to link all new floating rate personal or retail loans and floating rate loans to micro, small and medium enterprises (MSMEs) to external benchmarks, the central bank said.

Here are the highlights of the market movement on Thursday, September 5:

Sep 05, 2019 15:53 (IST) Markets At Close

National Stock Exchange Sectoral Indices: Nifty Bank: -0.75%

Nifty Financial Services: -1.12%

Nifty Private Bank: -0.75%

Nifty Metal: +2.61%

Nifty Pharma: +1.31% Top Nifty Gainers: Tata Motors: +8.08%

Coal India: +7.30%

ONGC: +5.29%

Bharat Petroleum: +4.52%

Yes Bank: +3.95% Top Nifty Laggards: HDFC: -2.81%

Indiabulls Housing Finance: -2.25%

ICICI Bank: -2.24%

TCS: -1.31%

Kotak Bank: -1.22%



Sep 05, 2019 15:44 (IST) Sensex Ends 80 Points Lower, Nifty Flat At 10,848

The stock markets gave up all of the day's gains in the second half of the session, with the benchmark indexes ending on a mixed note. The S&P BSE Sensex ended 80.32 points - or 0.22 per cent - lower at 36,644.42, and the broader NSE Nifty benchmark closed at a gain of 3.25 points - or 0.03 per cent - at 10,847.90.

HDFC, ICICI Bank and TCS were the top drags on the Sensex. HDFC, ICICI Bank and TCS were the top drags on the Sensex. The stock markets gave up all of the day's gains in the second half of the session, with the benchmark indexes ending on a mixed note. The S&P BSE Sensex ended 80.32 points - or 0.22 per cent - lower at 36,644.42, and the broader NSE Nifty benchmark closed at a gain of 3.25 points - or 0.03 per cent - at 10,847.90.

Sep 05, 2019 15:13 (IST) Nifty Metal Index Surges 2.5%

Metal shares were witnessing good buying interest in afternoon trading. The gauge of metal shares on the NSE rose 2.5 per cent. US and China have agreed to have next round of trade talks in early October is a good sign for global trade and is boosting prices of meta shares.

Top gainers in metal space:

Hindustan Copper up 7.47%

Coal India up 6.92%

NALCO up 3.70%

MOIL up 2.99%

Welspun Corp up 2.63%



Sep 05, 2019 14:37 (IST) Market Update: Sensex, Nifty Subdued Amid Weekly F&O Expiry

The Sensex and Nifty indices were trading on a subdued note in a narrow range amid weekly expiry of derivative contracts. The Sensex was down 44 points while Nifty was up 7 points at 10,851.

Weakness in banking and financial services was offsetting gains in auto, media, metal and pharma shares.

Seven of 11 sector gauges compiled by National Stock Exchange were trading lower led by the Nifty Realty index's 1.84 per cent decline. On the flipside, Nifty Metal index was top sectoral gainer, up 1.76 per cent.

Sep 05, 2019 13:25 (IST) Bharti Airtel, Vodafone Idea Down Over 6% Since August 12

Bharti Airtel shares have declined 6.81 per cent and Vodafone Idea has dropped 6.34 per cent since the day Reliance Industries chairman Mukesh Ambani announced launch date of JioFiber at its AGM on August 12. Meanwhile, Reliance Industries shares have advanced 3.4 per cent since that day.

Sep 05, 2019 13:04 (IST) Oil Marketing Companies Gain On Lower Crude Prices

Shares oil marketing companies rose after Brent Crude fell 0.3 per cent to $60.52 per barrel.

Indian Oil up 4.26% at Rs 125.40

Bharat Petroleum up 5.02% at Rs 381.80

Hindustan Petroleum Corporation up 3.77% at Rs 266.90



Sep 05, 2019 12:16 (IST) Aditya Birla Capital Gains On Fund Raising Plan

Aditya Birla Capital rose as much as 2.2 per cent to Rs 92.40 after the company's board approved raising Rs 2,100 crore via preferential issue of equity shares.

The company will issue 7.7 crore equity shares of face value of Rs 10 each at a price of Rs 100 for an aggregate consideration of Rs 770 crore on a preferential basis to Grasim Industries, according to an exchange filing posted by Aditya Birla Capital.

The company will also issue 2.3 crore shares at Rs 100 for total consideration of Rs 230 crore on preferential basis to Surya Kiran Investments Pte. Limited, IGH Holdings Private Limited and Pilani Investment and Industries Corporation Limited, members of promoter group of the company.

At 12:16 pm, Aditya Birla Capital traded 1.44 per cent higher at Rs 91.70.



Sep 05, 2019 11:51 (IST) Sensex, Nifty Erase Gains; Banking Shares Weigh

The S&P BSE Sensex and NSE Nifty 50 indexes erased intraday gains after banking shares came under selling pressure. The Sensex fell 47 points to 36,679 and the Nifty 50 index was up 2 points at 10,847.

Top Nifty losers

HDFC down 2.57%

ICICI Bank down 1.77%

HCL Technologies down 1.21%

Hindustan Unilever down 1.17%

Tech Mahindra down 1.01%

Top Nifty gainers

Tata Motors up 4.89%

ONGC up 4.41%

Coal India up 4.28%

Bharat Petroleum up 3.97%

NTPC up 3.10%





Sep 05, 2019 11:28 (IST) ONGC Surges 9% On Heavy Volumes

Shares of the state-run oil exploration company, ONGC, surged as much as 9 per cent to Rs 129.80 on the BSE on the back of heavy trading volumes.

As many as 13 lakh shares changed hands on the BSE compared with an average of 5.24 lakh shares traded daily in the past two weeks.

Sep 05, 2019 11:18 (IST) Market Update: Sensex, Nifty Turn Flat; HDFC, ICICI Bank Among Laggards

The S&P BSE Sensex and NSE Nifty 50 indices came off intraday highs owing to weakness in ICICI Bank, HDFC, Kotak Mahindra Bank and Hindustan Unilever. The Sensex was up 73 points at 36,798 and Nifty was at 10,887, up 42 points.

Mid- and small-cap shares were outperforming their larger peers as Nifty Midcap 100 index rose 0.4 per cent and the Nifty Smallcap 100 index advanced 0.8 per cent.

The overall market breadth was positive as 1,181 shares were advancing while 463 were declining on the NSE.

Sep 05, 2019 10:36 (IST) Reliance Industries Rises Ahead Of JioFiber Launch

Reliance Jio Infocomm is set to launch its optical fiber-based fixed-line broadband service, JioFiber, on a commercial basis from today - the third anniversary of the launch of Reliance Industries' telecom arm. At Reliance Industries' 42nd annual general meeting last month, chairman and managing director Mukesh Ambani said the company had received more than 15 million Jio Fiber registrations from nearly 1,600 towns. ( Read his full speech here Reliance Industries shares rose as much as 1.02 per cent on Thursday. At 10:32 am, RIL shares traded 0.42 per cent higher at Rs 1,206.60 apiece on the BSE, in line with a 0.42 per cent gain in the benchmark Sensex index.

Sep 05, 2019 10:22 (IST) PNB Market Share To Improve Its Funding After Merger: Moody’s

The upwards revision in its outlook by the credit ratings agency comes days after the government announced the merger of PNB with Oriental Bank of Commerce and United Bank to create the country's second largest public sector bank with a business of Rs. 17.95 lakh crore. In a statement on Wednesday, Moody's said it expects Punjab National Bank's asset quality and profitability to remain broadly unchanged following the merger. However, PNB's enlarged market share will benefit its deposit franchise and help improve its funding.

Sep 05, 2019 10:16 (IST) PNB Shares Rise After Moody's Changes Outlook To "Positive"

Punjab National Bank shares rose more than 3 per cent on Thursday, after credit ratings major Moody's affirmed its ratings on the lender while changing its outlook to "positive" from "stable". At 10:13 am, PNB shares traded 2.75 per cent higher at Rs 61.55 apiece on the BSE, outperforming the benchmark Sensex index which was up 0.35 per cent. Punjab National Bank shares rose more than 3 per cent on Thursday, after credit ratings major Moody's affirmed its ratings on the lender while changing its outlook to "positive" from "stable". At 10:13 am, PNB shares traded 2.75 per cent higher at Rs 61.55 apiece on the BSE, outperforming the benchmark Sensex index which was up 0.35 per cent.

Sep 05, 2019 10:10 (IST) Advance-Decline Ratio Sharply Positive

At 10:06 am, the Sensex traded at a gain of 100.92 points to trade firmly above 36,800 and the Nifty was just above the 10,900 mark. Market breadth favoured gains, with 1,031 stocks on the BSE trading higher and 444 moving lower. On the National Stock Exchange, 1,127 stocks advanced while 449 declined. At 10:06 am, the Sensex traded at a gain of 100.92 points to trade firmly above 36,800 and the Nifty was just above the 10,900 mark. Market breadth favoured gains, with 1,031 stocks on the BSE trading higher and 444 moving lower.On the National Stock Exchange, 1,127 stocks advanced while 449 declined.

Sep 05, 2019 09:55 (IST) ONGC, NTPC, Coal India Shares Top Gainers

Top Nifty Gainers

ONGC: +5.17% NTPC: +4.69% Coal India: +4.09% Indian Oil: +4.07% Bharat Petroleum: +3.31%

Top Nifty Losers

HDFC: -2.00% ICICI Bank: -1.62% SBI: -1.05% HUL: -0.95% Bharti Airtel: -0.77% NSE Sectoral Indices

Nifty Metal: +2.46% Nifty Auto: +0.64% Nifty Pharma: +0.50% Nifty Bank: -0.39% Nifty PSU Bank: -0.64% Nifty Financial Services: -0.63%

Sep 05, 2019 09:47 (IST) Oil & Natural Gas Corp, NTPC, Indian Oil Lead Gains

Top gainers on the Nifty were ONGC, NTPC, Indian Oil, Coal India, Bharat Petroleum and Vedanta, trading between 2.63 per cent and 5.50 per cent higher. Infosys, Larsen & Toubro, HDFC Bank and NTPC contributed the most to the upmove in Sensex.

Sep 05, 2019 09:45 (IST) Markets Give Up Some Of Early Gains

The markets however gave up most of the gains in the first few minutes of trade, as selling emerged in financial stocks. At 9:41 am, the Sensex traded 74.71 points - or 0.20 per cent - higher at 36,799.45, while the Nifty was up 28.70 points - or 0.26 per cent - at 10,873.35. The markets however gave up most of the gains in the first few minutes of trade, as selling emerged in financial stocks. At 9:41 am, the Sensex traded 74.71 points - or 0.20 per cent - higher at 36,799.45, while the Nifty was up 28.70 points - or 0.26 per cent - at 10,873.35.

Sep 05, 2019 09:41 (IST) Rupee Moves Above 72 Mark Against Dollar

The rupee appreciated against the US dollar to move above the 72 mark. After opening at 71.85 against the greenback, the rupee gained as much as 28 paise from the previous close to 71.84 against the US currency. It was last seen trading 0.26 per cent higher at 71.93 against the dollar. ( On Wednesday, the rupee had settled at 72.12 against the dollar. The rupee appreciated against the US dollar to move above the 72 mark. After opening at 71.85 against the greenback, the rupee gained as much as 28 paise from the previous close to 71.84 against the US currency. It was last seen trading 0.26 per cent higher at 71.93 against the dollar. ( Catch Latest Updates On Rupee Here On Wednesday, the rupee had settled at 72.12 against the dollar.

Sep 05, 2019 09:26 (IST) Sensex Rises Over 150 Points, Nifty Hits 10,900

At 9:22 am, the Sensex traded 152.49 points - or 0.42 per cent - higher at 36,877.23, while the Nifty was up 62.20 points - or 0.57 per cent - at 10,906.85. Ten out of the 11 sectoral indices on the National Stock Exchange traded higher, with the Nifty Auto, Metal and Pharma indices up 1.07 per cent, 3.22 per cent and 0.89 per cent respectively.

At 9:22 am, the Sensex traded 152.49 points - or 0.42 per cent - higher at 36,877.23, while the Nifty was up 62.20 points - or 0.57 per cent - at 10,906.85. Ten out of the 11 sectoral indices on the National Stock Exchange traded higher, with the Nifty Auto, Metal and Pharma indices up 1.07 per cent, 3.22 per cent and 0.89 per cent respectively.

Sep 05, 2019 09:13 (IST) Link Certain Loans To External Benchmarks: RBI To Banks

On Wednesday, the Reserve Bank of India mandated commercial lenders to The RBI said banks were not satisfactorily transferring the cuts in policy rates. Banks would now have to link all new floating rate personal or retail loans and floating rate loans to micro, small and medium enterprises (MSMEs) to an external benchmark, the central bank said. On Wednesday, the Reserve Bank of India mandated commercial lenders to link certain loans to the external benchmark-based interest rates from October 1, in a bid to allow faster transmission of its rate cuts to consumers.

Sep 05, 2019 09:11 (IST) Sensex, Nifty In Pre-Open Market

In the pre-open session, the S&P BSE Sensex index gained as much as 195.94 points - 0.53 per cent - to 36,920.68. At 9:05 am, the broader NSE Nifty benchmark was up 85.20 points (0.79 per cent) at 10,929.85 in the pre-open market.

Top gainers on the index were Adani Ports, Wipro, Kotak Bank, Tata Steel and Vedanta, up between 1.68 per cent and 4.28 per cent. Top laggards were ICICI Bank, GAIL, UPL, ITC and Maruti Suzuki, down between 0.44 per cent and 2.00 per cent. Indicative values in the pre-open market are replaced with final values in the order matching phase.

Sep 05, 2019 08:44 (IST) Before Markets Open, Here's A Look At Global Cues

Equities in other Asian markets extended gains and US stock futures jumped on rising hopes the United States and China can de-escalate their trade war before it inflicts further damage on the global economy. US stock futures reversed early losses and rose 1 per cent. China's confirmation of trade talks added to upbeat geopolitical news overnight. A parliamentary vote in Britain put the brakes on the nation's no-deal exit from the European Union, Hong Kong withdrew a contentious extradition bill that sparked recent protests and political turmoil in Italy appeared to be easing.