Markets news today: Sensex, Nifty surges after a pause
Market news today: Sensex gained 396.22 points and Nifty surges 131 points after yesterday’s pause. After the positive indication from the Asian market, the benchmark indices opened in green today. In the end, Nifty closed at 11,571.20 Sensex at 38,989.74, Bank Nifty also gained 416.60 points and closed at 30002.60 for the day.
Market News Today- Nifty50 stocks
The Indian market today extended its early gain because of the news of the US-China trade deal. The Nifty midcap 100 index gained 131.65 points and Nifty small-cap 100 index also gained 35 points during the day. The sector-wise front, except IT almost all majors sectors like Auto, Bank, Infra, Energy ended in green today.
The top five Nifty50 gainers are Vedanta, M&M, Coal India, Zee Ent, and ONGC. The top five losers in Nifty50 for the day are Yes Bank, Infosys, HUL, HCL Tech and Wipro. In The nifty midcap space, the top gainers are Engineers Ind ( 7.37%) and Indiabulls Venture (5.97%) and the losers are DHFl (-9.01%) and R power (- 7.27%). In the Nifty smallcap space, the gainers are Rcom (7.14%) and BEML (6.86%) whereas the losers are Suzlon Energy (-5.08%) and IRB Infra (-4.45%)
Stock news today
Sterlite Technologies (STL) has entered into agreement with a European firm to acquire a 100% stake. The share price of Sterlite Technologies Ltd gained 3.43% and closed at Rs161.45 per share.
The Dilip Buildcon is the lowest bidder for a project based in MP, which is worth Rs 2123 crores. The share price of Dilip Buildcon has gained 1.90 % and closed at Rs 448.30 per share.
NHPC has signed a new MOU with the Government of Himachal for a project of Rs 4112 crores. The share price of NHPC has gained 0.88 % and closed at Rs 22.95per share.
The global research Credit Suisse has maintained its outperform rating for L&T. The share price of L&T has gained 2.74% and closed at Rs 1489.85 per share.
Credit Suisse has downgrades Jubilant Foodworks to underperform from neutral rating and cut the target price of Rs 1200 per share. The share price of Jubilant Foodworks fell 3.36 % and closed at Rs 1400.90 per share.
TCS has order from manchester based company Voyager Alliance Credit Union for Core Banking Solutions (CBS) for its digital platform. The share price of TCS has declined or closed almost flat at0.04% and closed at Rs 2087.60 per share.
The Infra company Sadbhav Infra gets an extension in Aurangabad Jalna Tollway, a wholly-owned subsidiary of Sadhbhav Infra from Govt. of Maharashtra. The share price of Sadbhav Infra fell 0.83 % and closed at Rs 136.95 per share.
Pharma stock in news
GSK Pharma suspended the distribution and supply of all dose of ranitidine hydrochloride products all over including India. The share price of GSK pharma has declined 1.16% and closed at Rs 1419.50 per share.
A pharma company Ipca Lab will issue 5 Lakh convertible warrants at Rs 955 each to promoters. The share price of Ipca Lab fell 2.75 % and closed at Rs 905.05 per share.
Other market news today
Today, PMC Bank has canceled their AGM. Earlier RBI has increased the withdrawal limit from Rs1000 to Rs 10,000 for their customers. The Banks MD Joy Thomas has been suspended – news source Moneycontrol.com. The Bank has given a huge loan to HDIL, which is under scanner now.
The Brent crude oil future price is trading almost flat no change from yesterday’s price. Today the Indian rupee is also trading almost flat to negative.
Conclusions:
Today the market ended in positive after yesterday fall. Tomorrow the Indian market will open as per global cues, traders should also follow market news to know the trend. To know the technical levels of Nifty and Bank Nifty you can follow our Investment ideas section.
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