Share Market Updates

11: 30 am:

JSPL Completes Delivery Of Its First-ever Rail Order To Railways: Record 4-month Ahead Of Schedule

Jindal Steel and Power Ltd (JSPL) Tuesday said it has completed delivery of the first ever rail order to supply rails to Indian Railways. In July 2018, JSPL bagged 20 per cent of the Rs 2,500 crore global tender by the Indian Railways to supply long rails.

"It is indeed a historic moment and a matter of great pride for JSPL" said Naushad Akhter Ansari, Joint MD of JSPL "We are proud to have contributed to government's Make-In-India initiatives and complete such a challenging project far ahead of schedule. "

Stock has gained after 2 days of consecutive fall and currently trades at Rs 177, 0.37 % up.

11:15 am:

Gainers and Losers

The top gainers of the BSE Sensex pack were Oil And Natural Gas Corporation, YES Bank, Hero MotoCorp, Sun Pharmaceutical Industries, Reliance Industries, among others. Whereas Tata Steel, Infibeam Avenues, Reliance Communications, HEG Ltd and BEML are among the top losers for the day.

The top gainers of the NSE Nifty pack were Zee Entertainment Enterprises, Sun Pharmaceutical Industries, Oil And Natural Gas Corporation, YES Bank, Indiabulls Housing Finance, among others. While Gil, Adani Ports, Tata Steel, BPCL and NTPC are among the top losers for today's trading session.

10:55 am:

Market Update

BSE Sensex was at 38709.28 up by 64.1 points or by 0.17 % and NSE Nifty was at 11619.15 up by 24.7 points or by 0.21 %.

The BSE Midcap was at 15151.12 up by 3.28 points or by 0.02 %, while the BSE SMLCAP was at 14809.75 up by 5.48 points or by 0.04 %.

The BSE Sensex touched intraday high of 38832.61 and intraday low of 38612.23. On the other hand, the NSE Nifty touched intraday high of 11645.95 and intraday low of 11582.95.

10:40 am:

RBI's second round of dollar-rupee swap auction

The Reserve Bank of India (RBI) is set to inject long-term liquidity worth USD 5 billion into the banking system through dollar-rupee buy-sell swap for a tenure of three years, the second such auction within a month. The regulator will conduct a dollar-rupee swap auction of $5 billion for the tenor of three years on April 23. According to the dealers, the RBI's dollar-rupee swap auction would help absorb dollar inflows that could make the rupee stronger.

Read full report here: Why rupee is once again under pressure

10:15 am:

Market erase gains

The market has fallen 0.08% while volumes have fallen by 6.70%. Nifty is trading down by 4.80 points and Sensex is up by 36.91 points.

10:00 am:

Jet Airways shares up

Buying returns in Jet Airways after yesterday's sharp uptick in last hour of trade. On Monday the stock closed at Rs 154.60 against the day's low of Rs 132.20.

Jet's stock has gained after 3 days of consecutive fall. The stock opened with a gain of 2.72%  and touched an intraday high of Rs 168 (8.67%).

9:45 am:

Essel Propack jumps 2.5%

Shares of Essel Propack gains after promoters announce selling majority stake to Blackstone Group. Global buyout major Blackstone Monday announced acquisition of a majority 51 percent stake in the troubled Essel group arm Essel Propack for over USD 460 million or about Rs 3,200 crore.

The stock has been gaining for the last 7 days and has risen 14.40% in the period. It has gained every month in the last 6 months and has generated 14.40% returns in the period.

There has been a spurt in volume traded by more than 3.39 times, as per BSE notification.

Read full report here: Blackstone to acquire 51% stake in Essel Propack for Rs 3,200 cr

9:20 am:

Opening Bell

The Indian equity market opened on a positive note on Tuesday. The S&P BSE Sensex opens 0.15 percent or up 50 points at 38,705.5 level and the NSE Nifty 50 rose as much as 0.08 percent to 11,600.65.

9:10 am:

Indian Rupee

The Indian rupee opened marginally higher at 69.62 per dollar on Tuesday against the previous close 69.67. The rupee had declined by 32 paise to a two-week low of 69.67 against the US dollar Monday.

9:05 am:

Pre-Open Session

Sensex gains 100 points, Nifty50 above 11,600.

9:00 am:

Companies to report March Quarter results today

Tata Global Beverages (TGBL), ACC, ICICI Securities, Indiabulls Real Estate, Coromandel International, Indiabulls Integrated Services, Sasken Technologies, Nucleus Software Exports and Shiva Cement.

8:50 am:

3rd phase of the Lok Sabha election 2019 is being held today

trading is likely to be cautious as the third phase of voting in the 2019 Lok Sabha elections begins today.

States going to poll in the Lok Sabha election Phase 3 are Uttar Pradesh, Tripura, Kerala, Maharashtra, Karnataka, Chhattisgarh, Odisha, Gujarat, West Bengal, Bihar, Assam, Goa, Jammu & Kashmir and Union Territories Daman and Diu and Dadra and Nagar Haveli.

8:45 am:

NSE excludes 34 scrips from F&O trade

NSE said it will exclude 34 securities from the F&O trading as these were found to be ineligible based on its selection criteria from June 28. Stocks such as Allahabad Bank, Syndicate Bank, Jet Airways, CG Power and Industrial Solutions, Suzlon Energy, IDFC Ltd and Wockhardt among others will be excluded.

8:30 am:

Oil jumps on end of Iran waivers

Oil prices surged to a 6-month high above $74/bbl, in early trading on Tuesday after Washington abruptly moved to end all Iran sanctions waivers by May, pressuring importers to stop buying from Tehran. US on Monday demanded buyers of Iranian oil, including India and China to stop purchases by May 1 or face sanctions.

India, the second biggest buyer of Iranian oil, has lined up alternate sources to make up for the likely shortfall in supplies after the US decided not to give waiver from its sanctions for buying oil from the Persian Gulf nation, as per the sources.

8:25 am:

Market on Monday

Indian benchmark indices closed lower for the second straight session on Monday, weighed down by sharp selling across oil and gas and realty stocks. The market sentiments were dented by mixed corporate earnings and rising crude oil prices. The BSE Sensex closed at 39,645, down by 495 points, and the NSE Nifty ended at 11,594, down by 158 points.

Read full report here: Share Market Update: Sensex slips 495 points, Nifty closes below 11,600; OMC, IT stocks drag

8:15 am:

Global Markets

Asian markets have opened on a soft note. Hong Kong, China and Nikkei Index declined 0.3% each. US Dow Futures declined 37 pts or 0.2%. US Dow Jones also fell by 48 pts or 0.2% yesterday with thin volumes. European markets were closed yesterday on account of Easter Monday Holiday.

SGX Nifty on the Singapore Exchanges was trading flat (up 4 pts), indicating a sideways start for the Nifty50.

8:00 am:

Foreign institutional investors (FIIs)

Foreign institutional investors (FIIs) remained net buyers in the capital markets, putting in Rs 73.08 crore on Monday, provisional exchange data showed.

(Edited by Rupa Burman Roy)