Share Market Live: Sensex up 95 points\, Nifty above 11\,600\, ONGC\, BPCL\, Reliance Nippon top gainers

Share Market Live: Sensex up 95 points, Nifty above 11,600, ONGC, BPCL, Reliance Nippon top gainers

Share Market Live: Overall 22 stocks out of 30 stocks are trading in the green on Sensex and 30 out of 50 stocks are advancing on NIFTY 50. More stocks have advanced and the overall market cap of the entire market has increased.

Share Market Live: Nifty is trading up by 24.75 points and Sensex is up by 87.64 points

Share Market Updates

The key benchmark indices are trading higher after a flat opening on Wednesday. Nifty is trading up by 24.75 points and Sensex is up by 95 points.

Overall 22 stocks out of 30 stocks are trading in the green on Sensex and 30 out of 50 stocks are advancing on NIFTY 50. More stocks have advanced and the overall market cap of the entire market has increased.

Here's a look at live updates for the Indian share market today

Reliance Nippon life promoter creates pledge on 8.66% stake on April 15

11:30 am

Promoter Reliance capital has pledged 8.66% shares (5.29 crore shares) of Reliance Nippon life on April 15 Lender - JM Financial Credit Solutions Limited. Prior to announcing the March quarter results, the company is among the top gainers on BSE today.

The stock has been gaining for the last 2 days and has risen 10.37% in the period. The share opened with a gain of 2.69% and surged over 11% to day's high of Rs. 208.75. The stock currently trades at Rs 202, 8% up.

Market Update

11:20 am

On the sectoral front, BSE Oil & Gas index was at 14810.58 up by 169.84 points or by 1.16%. Oil And Natural Gas Corporation Ltd. (Rs. 167.30,+2.04%), Bharat Petroleum Corporation Ltd. (Rs. 342.70,+1.89%), Hindustan Petroleum Corporation Ltd. (Rs. 258.55,+1.83%), Indian Oil Corporation Ltd. (Rs. 151.85,+1.47%), Reliance Industries Ltd. (Rs. 1375.80,+0.92%).

On the other hand, BSE Auto index was at 19371.25 down by -211.03 points or by -1.08%. Tata Motors Ltd. (Rs. 219.45,-5.16%), Motherson Sumi Systems Ltd. (Rs. 146.95,-2.20%), Apollo Tyres Ltd. (Rs. 208.85,-1.30%), Hero MotoCorp Ltd. (Rs. 2602.90,-1.30%), MRF Ltd. (Rs. 56047.25,-1.09%).

Market Update:

11:10 am

BSE Sensex was at 38586.72 up by 21.84 points or by 0.06 % and NSE Nifty was at 11589.2 up by 13.25 points or by 0.11 %.

The BSE Sensex touched intraday high of 38701.52 and intraday low of 38571.

The NSE Nifty touched intraday high of 11620.85 and intraday low of 11580.6.

Top gainers

11:00 am

The top gainers of the BSE Sensex pack are Oil And Natural Gas Corporation Ltd. (Rs. 168.00,+2.47%), Asian Paints Ltd. (Rs. 1452.55,+1.48%), HCL Technologies Ltd. (Rs. 1118.75,+1.43%), YES Bank Ltd. (Rs. 235.30,+1.05%), IndusInd Bank Ltd. (Rs. 1670.95,+0.99%), among others.

The top gainers of the NSE Nifty pack were Oil And Natural Gas Corporation Ltd. (Rs. 167.75,+2.44%), HCL Technologies Ltd. (Rs. 1125.35,+2.12%), Bharat Petroleum Corporation Ltd. (Rs. 342.45,+1.81%), Indian Oil Corporation Ltd. (Rs. 151.95,+1.71%), IndusInd Bank Ltd. (Rs. 1675.85,+1.48%), among others.

IndiaBulls Real Estate top gainer on BSE after announcing results

10:35 am

Indiabulls Real Estate's share price has surged 12% and is presently trading at Rs 119, almost 13% up.

Company's net profit stood at Rs 2 billion for the quarter ended December 2018, compared to a profit of Rs 854 million a year ago. Net Sales declined 39.5% to Rs 12.7 billion during the period as against Rs 21.0 billion in October-December 2017. Revenue of the company grew 155.4% to Rs 59 billion during FY18.

Scrips annoucing Q4 Results today

10:25 am

Ultratech Cement, Tata Elxsi, Sygene International, Shriram City Union Finance,Muthoot Capital Services, Meera Industries, M&M Financial, Bharti Infratel, India Grid Trust, ICICI Prudential Life Insurance, Indiabulls Housing Finance, Hexaware Technologies, Benares Hotel Ltd, Agro Tech Foods Ltd., Automotive Stmpings & Assemblies ltd.

Market Update

10:03 am

BSE Sensex was at 38637.91 up by 73.03 points or by 0.19 % and NSE Nifty was at 11601.1 up by 25.15 points or by 0.22 %. The BSE Sensex touched intraday high of 38701.52 and intraday low of 38605.17. The NSE Nifty touched intraday high of 11620.85 and intraday low of 11589.3.

The BSE MIDCAP was at 15139.94 down by 13.16 points or by 0.09 %. Meanwhile, the BSE SMLCAP was at 14815.58 up by 30.3 points or by 0.2 %.

Coromandel International rises 6 % - Q4 Total Income up by 9%, PAT up by 22%

9:45 am

Shares of Coromandel International rose 6 % on account of strong March 2019 Quarterly numbers.

The company's consolidated total income grew by 9% during the quarter ended 31 March 2019. Profit before depreciation, interest, taxes and exceptional item (EBITDA)for the quarter ended 31 March 2019 has increased by 40% to Rs. 259 crores vs. Rs.185 crores in the quarter last year. Total Income for the quarter is Rs. 2,647 crores in compared to the quarter last year of Rs.2,428 crores.

As per the BSE website, there has been a spurt in volume by more than 2.23 times in the stock. The stock has gained after 4 days of consecutive fall. After opening with a gain of 2.97%, the stock touched an intraday high of Rs 452.55 (6.15%)

Opening Bell

9:20 am

The key benchmark indices opened flat on Wednesday with positive bias owing to mixed global cues.

Sensex is up 131.49 points at 38696.37, while Nifty is up 36.20 points at 11612.20.

On the sectoral front, bank, auto, energy, infra and IT are trading higher.

Indian Rupee

9:10 am

Rupee opened lower at 69.81 against US Dollar. It had closed at 69.62 against the US dollar on Tuesday.

Pre-Open Session

9:05 am

Sensex is up 92.17 points or 0.24% at 38657.05, Nifty50 is above 11,600

India VIX

9:00 am

National Stock Exchange's (NSE's) India VIX index, has soared 54% in the year so far. On Tuesday, the index surged to 25, the highest in 3 years.

India VIX is a volatility index based on the NIFTY Index Option prices, which tracks investors' perceptions of volatility for at least a month ahead.    

Market on Tuesday

8:45 am

BSE Sensex closed at 38564.88, down by 80.3 points or by 0.21 % and NSE Nifty failed to hold 11,600 to close at 11578.8 down by 15.65 points or by 0.13 %. Overall 22 stocks out of 30 stocks closed in the red on Sensex and 30 out of 50 stocks closed in the red on Nifty 50.

Global Markets

8:30 am

Markets are expected to open positive on account of global cues. Japanese shares are lower today as the Nikkei 225 is down 0.54%. The stock markets in Hong Kong and Shanghai are closed at this time.

Equity markets in Asia rose on Wednesday morning, tracking the US markets. Nikkei, Hong Kong and South Korea Index gained half a percent each.

The S&P 500 index and the Nasdaq rallied to record high on Tuesday, on back of better-than-expected earnings reports.

Oil Prices

8:15 am

Oil prices were down on Wednesday after markets were promised of "adequate global supply" despite the US announcing no "reissue of waivers" against Iran sanctions.

Rising oil price and appreciating USDINR is a major concern for volatile energy markets and risks upsetting major importers such as India and China.

(Edited by Rupa Burman Roy)