Live: Sensex ends 732 pts above, Nifty roars over 237 pts; TCS sole worst performer

Sensex Live: After a spectacular 760 pt dive on Thursday, Sensex opened in the green. On Friday, the last day of trading in the week, Sensex jumped over 400 points while Nifty vaulted over 10,350 points. Notably, Sensex had shed as much as 1030 points in early trade yesterday before clawing back some of the losses. S&P BSE Sensex was down by over 759.74 points or 2.19 per cent to close at 34,001.15. Nifty closed down by 225.45 points or 2.16 per cent at 10,234.65 points. Importantly, there was a silver lining of sorts. HPCL shares gained over 16.21 per cent while IOC was up by 5.77 per cent and BPCL gained 4.84 per cent. The crisis hit NBFCs suffered terribly after getting some relief on Wednesday. Bajaj Finserv and Indiabulls Housing shares closed by 6.20 per cent and 9.12 per cent respectively. One good news came from IT major TCS, which posted a 22.6 per cent jump in consolidated net profit at Rs 7,901 crore in September quarter even as revenues grew 20.7 per cent at Rs 36,854 crore in the quarter. TCS earning per share for the quarter was at Rs 20.66.

Sensex, Nifty Latest Updates   

15:45 pm: It was a good trading session on Dalal Street today, as the Sensex finished at 34,733.58 above 732 points or 2.15%, while Nifty 50 up by 237.85 points or 2.32% ending at Rs 10,472.50.

Among the gainers list were companies like Maruti Suzuki, M&M, Kotak Mahindra Bank, Coal India, Bajaj Auto and IndusInd Bank. 

Interestingly, it was only TCS share price which turned out to be sole worst performer. TCS share price ended at Rs 1918.40 per piece down 3.10% despite reporting good Q2FY19 result. 

15:26 pm: Today Sensex risen over 800 points, however, was currently trading at 34,682.97 per piece high by 681.82 points or 2.01% at around 1453 hrs.

Here are the top 20 shares which made the exchange green today.

Maruti trading at 7290.20 per piece high by Rs 412.10 or 5.99%, Mahindra & Mahindra trading at 769.95 per piece high by Rs 39.75 or 5.44% followed by Coal India at Rs 279.70 high by Rs 13.10 or 4.91%,  Kotak bank at 1168.50 per piece high by Rs 53.40 or 4.79%, Bajaj auto at 2633.50 per piece high by Rs 109.35 or 4.33%,ITC at 274.50 per piece high by Rs 9.30 or 3.51% and Indusland bank at 1652.30  per piece high by Rs 60 or 3.77%. 

Others were - Yes bank at Rs 248.25 high by Rs 8.25 or 3.44%, Asian paints at 1257.60 per piece high by Rs 41.55 or 3.42%, Reliance at 1124.55 high by Rs 35.35 or 3.25%, Tata steel at 572.15 high by Rs 15.90 or 2.86%, Hindustan Unilever at 1570 per piece high by Rs 41.40 or 2.71%, HDFC development at 1728 per piece high by Rs 42.20 or 2.50%, Vedanta at 214.25 high by Rs 6 or 2.88% and ICICI bank at 320 per piece high by Rs 8.40 or 2.63%.

Finally even companies like Adani ports at 323 per piece high by Rs 8.70 or 2.77%, ONGC at 157.10 high by Rs 4.40 or 2.88%, HDFC bank at 1975.85 per piece high by Rs 40 or 2.07%, Bharti airtel at 291.20 per piece high by Rs 4.95 or 1.73% and Power grid at 188.65 per piece high by Rs 2.60 or 1.40% were also in gainers list. 

13:48 pm: Sensex continues its positive trend, as currently it trades at 34,742.58 per piece higher by 741.43 points or 2.17%, Whereas Nifty is trading at Rs 10,462.30 per piece high by 227.65 points or 2.22% at around 1315 hrs.

Brent oil is trading at $ 81.14 per barral high by 0.92 points or 1.15%, as per investing.com

Top gainers on BSE Sensex are Maruti trading at 7267.75 per piece high by Rs 390.90 or 5.68%, Mahindra & Mahindra trading at 771.85 per piece high by Rs 41.80 or 5.72% followed by Bajaj auto at 2645.80 per piece high by Rs 121.654 or 4.68%,  ITC at 276 per piece high by Rs 10.80 or 4.07%, Kotak bank at 1161.40 per piece high by Rs 46.30 or 4.13%

Where as the top looser on exchange is TCS trading at Rs 1938.30 per piece low by Rs 41.45 or 2.09% at around 1335hrs

When it comes to Rupee today was no different, Indian rupee was trading at 73.69 against the American unit at around 1337 hrs.

Whereas gold turns green as 24 karat yellow metal was trading at Rs 32000 for 10gram high by Rs300 from previous close Rs 32700. 

Silver trading at Rs 41500 per kg high by Rs 350 from previous close Rs 41150.

12:38 pm: Share bazaar today all you need to know about profitable trading.

12:18 Pm: TCS became the top looser on the exchange today, trading at Rs 1924 per piece low by Rs 55.75 or 2.82%. However, the company has dropped by over 3%, after touching intra day low of Rs 1904.80 per piece.

TCS posted second quarter ended result for FY19 (Q2FY19) under which the company's consolidated net profit stood at Rs 7,901 crore rising by 22.60% from Rs 6,460 crore in the corresponding period of previous year. While posting a good Q2FY19 result, TCS also highlighted its employee base, which was highest in 3 years this time. 

What can be the reason for TCS to perform low on the exchange?

Talking about TCS's performance, Emkay said, "TCS' commentary regarding demand environment has not turned incrementally better over its Q1FY19 commentary, and thus this lead to a disappointment for players that are trading expensive from a valuation to growth perspective in the company.

11:43 am: Seeking to calm the nerves of stock market investors, a top finance ministry official on Thursday said that the government has a strategy in place to tackle weakening rupee and widening current account deficit (CAD).

The BSE Sensex lost over 750 points while the rupee touched a record low of 74.45 to a dollar. The government sources attributed Thursday’s plunge to external factors. The Indian market is still relatively stable as compared to other equity markets, they said.

Read more:https://www.zeebiz.com/india/news-modi-govt-strategy-in-place-to-tackle-weakening-rupee-widening-cad-66934

10.40 am: In the Sensex pack today, prominent gainers were M&M, Yes Bank, Maruti Suzuki, Adani Ports, IndusInd Bank, Vedanta, Asian Paints, RIL, Tata Steel, ICICI Bank, ITC, Hero MotoCorp, Coal India, Axis Bank, Kotak Bank, HDFC Bank, Sun Pharma, HDFC and Bajaj Auto, rising up to 4.08 per cent, said PTI report, adding that shares of oil marketing companies such as HPCL, BPCL and IOC remained strong and rose further by up to 5.33 per cent on falling global crude oil prices. Stocks of Aviation companies including Spcejet, InterGlobe and Jet Airways were also in better shape, rising up to 5.02 per cent, supported by falling crude prices.

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10.30 am: Asian shares found a slightly firmer footing on Friday to set course for their first gains in two weeks, but the rout continued in Shanghai where shares hit lows last seen in 2014. Investor sentiment was frail though as Wall Street`s fear gauge rose to an eight-month high, pointing to more downside risk, said Reuters report citing market sources. The biggest market shakeout since February has been blamed on a series of factors, including worries about the impact of a Sino-US trade war, a spike in US bond yields this week and caution ahead of earnings seasons, the report said, adding that MSCI`s broadest index of Asia-Pacific shares outside Japan rose 1.3 percent, led by gains in South Korea and Taiwan.

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9.40 am: Rana Kapoor led Yes Bank shares prices jumped over 6 pct to as high as Rs 254 after doing extremely well on Thursday too. This is despite being weighed down by the fact that RBI has ordered its chief to step down. A hunt for the successor is going on.

9.20 am: TCS share price down 1.35% on opening day after IT major declared its Q2 result

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9: 14 am: The rupee today strengthened 38 paise to 73.74 against the US dollar in early trade in the forex market after global crude prices eased. Besides, dollar-selling by exporters and banks, the greenback's weakness against some currencies overseas, helped the recovery in the domestic currency, said a PTI report, adding that Forex dealers said a higher opening in the equity market also supported the rupee's sentiment. The domestic unit, after hitting a record low of 74.50 Thursday, recovered 9 paise to end at 74.12 against the dollar.

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9.00 am: Oil prices rose on Friday slightly reversing two days of declines in the previous sessions driven by sharp falls in equity markets and indications that supply concerns have been overblown, but were still on track for a weekly fall, said a Reuters report, adding that Brent crude futures rose 33 cents, or 0.4 percent, to $80.59 a barrel by 0256 GMT. The contract fell 3.4 percent on Thursday, dropping to as low as $79.80, its weakest since Sept. 24. It is heading for a 4.2 percent decline this week, the first weekly drop in five.

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8.50 am: Gold edged down on Friday but held near an over two-month high hit in the previous session, when prices surged over 2 percent as a rout in global stock markets boosted the metal`s safe-haven appeal, said Reuters. Spot gold was down 0.2 percent at $1,221.06 an ounce at 1255 GMT. On Thursday, it jumped about 2.5 percent after marking its highest since July 31 at $1,226.27. That was also the metal`s best one-day percentage gain since June 2016.
The US gold futures were down 0.3 percent at $1,224.50 an ounce, the report added.