Sensex, Nifty Updates: Benchmark Sensex and Nifty rose sharply on Tuesday, backed by the global rally, as markets banked on hopes of the experimental vaccine for the deadly coronavirus disease. Sensex rose 480 points higher to 30,507 and Nifty climbed 122 points higher to 8,962. Globally indices turned green as investors turned optimistic over prospects of more government stimulus and ease in lockdowns restriction across many economies. Early results for an experimental vaccine also kept sentiments buoyed, sparkling speculation that economies could snap back quickly. On Monday, Sensex closed 1,068 points lower at 30,028 and Nifty fell 313 points to 8,823.
Here's a look at the updates of the market action on BSE and NSE today
12.28 PM: KEC International share price gains 3.8%
KEC International share price climbed 3.8% intraday to Rs 202.40 on BSE after the company announced that it has secured new orders of Rs 1,203 crore across its various businesses.
12.13 PM: Q4 Earnings Today
Apollo Tyres, Tata Power, Sanofi, Larsen & Toubro Infotech, Bajaj Finance, Embassy Office Parks REIT, JMC Projects, NESCO, MPS, G N A Axles among others will be reporting results today.
12.00 PM: Rupee rises higher today
Rupee rises 20 paise to 75.71 against US dollar amid positive opening in domestic equity market and weakening of US dollar.
11.28 PM: Vedanta share desisting
Vedanta Ltd on Monday said its board has approved the proposed de-listing of mining baron Anil Agarwal's flagship Indian unit from the BSE and the National Stock Exchange. "The meeting of the board of directors of the company (board) was held today (Monday)...de-listing proposal was considered... Approval was granted to the de-listing proposal, after having discussed and considered various factors," Vedanta Ltd said in a filing to the BSE.
Vedanta board approves proposed de-listing from BSE, NSE
11.15 AM: Biocon share price gains 1.5%
Biocon shares gained 1.5% to the intraday high of Rs 336.40 on BSE after the company announced that its subsidiary Biologics has received an EU GMP certification for biosimilars manufacturing units in Bengaluru.
10.55 AM: Laurus Labs gets approval, stock up 2.8%
Laurus Labs touched an intraday high of Rs 437.65, rising 2.8% on BSE after the company said it received US FDA nod for generic of Symfi Lo tablet.
10.33 AM: Torrent Power share price gains almost 7%
Torrent Power share price touched an intraday high of Rs 317, rising 6.9% on BSE after the company reported March quarterly results.
The company reported loss of Rs 274.92 crore during the quarter ended March 31, 2020, as against profit of Rs 419.39 crore, recorded in a year-ago period. Total income fell 3% (YoY) to Rs 3020.84 crore in the January-March quarter of the current fiscal as compared to Rs 3115.48 crore in the same period last financial year.
10. 17 AM: Market rises further
Benchmark Sensex and Nifty rose sharply on Tuesday, backed by the global rally, as markets banked on hopes of the experimental vaccine for the deadly coronavirus disease. Sensex rose 650 points higher to 30,668 and Nifty climbed 122 points higher to 9,008. Early results for an experimental vaccine kept sentiments buoyed, sparkling speculation that economies could snap back quickly.
10.05 AM: Bharti Airtel share price top gainer on BSE, NSE
Bharti Airtel share pricewas trading as the top gainer on BSE and NSE today, rising 8% to Rs 584.80 its 52-week high, despite reporting loss in the latest quarter.Bharti Airtel reported net loss (before exceptional items) for Q4 at Rs 471 crore. Net loss after exceptional items for the quarter stands at Rs 5,237 crore as against the last quarter loss of Rs 1,035 crore in December quarter. Telecom major's revenue rose 8.1% quarterly to Rs 23,723 crore as compared to Rs 21,970.
Why Bharti Airtel share price hit 52-week high despite Rs 5,237-crore loss in Q4
9. 45 AM: Oil prices rise
Oil prices remained over 2-month high after jumping 8% in previous session, Brent Crude traded at $34.90 per barrel, up 0.26%. Oil (WTI June contract) was trading back above $30 for the first time in almost 2 months.
9. 33 AM: Global cues
Asian stocks rose Tuesday, spurred by a surge on Wall Street, after early results for an experimental vaccine sparked speculation economies could snap back quickly.
US stocks rallied on hopes for vaccine and economic recovery. US stocks rallied after biotech major Moderna reported "positive data" from early-stage human trials of its COVID19 vaccine. US Futures (Dow Jones) traded at 24,452, down 55 pts or 0.22%.
9.22 AM: Opening bell
Benchmark Sensex and Nifty opened on a positive note on Tuesday, backed by the global rally, as markets banked on hopes of the experimental vaccine for the deadly coronavirus disease. Sensex rose 440 points higher in the opening session to 30,473 and Nifty rose 122 points higher at 8,945.
9.10 AM: Stocks to watch today on May 19
Torrent Power, Tata Consumer, Apollo Tyres, Tata Power, L&T Infotech, Bajaj Finance among others are the top stocks to watch out for in Tuesday's trading session
9.05 AM: Coronavirus toll
Worldwide, there are 4,893,260 confirmed cases, including 1,907,990 recoveries and 320,173 deaths from the coronavirus COVID-19 outbreak as of today.
Meanwhile, India's total COVID-19 tally now stands at 100,328 including 56,316 active cases, 39,233 recoveries, 1 migrated and 3,156 deaths.
Lockdown 4.0 Live Updates: India's total coronavirus cases near 1 lakh; deaths past 3,000
9.00 AM: Pre open session
Benchmark Sensex and Nifty pre-opened on a positive note on Tuesday, backed by the global rally. Sensex rose 400 points higher in the pre-open session to 30,436 and Nifty rose 138 points higher at 8,961.
8.40 AM: FII DII action today
On a net basis, FIIs sold Rs 2,513 crore and DIIs also offloaded Rs 152 crore worth in equities yesterday.
8. 30 AM: Rupee yesterday
Rupee, the local unit ended lower at 75.91 per dollar in the commodity market on Monday, as against the earlier close of 75.56 per US dollar.
8. 20 AM: Earnings today
Companies set to announce their earnings are Apollo Tyres, Tata Power, Sanofi, Larsen & Toubro Infotech, Bajaj Finance, Embassy Office Parks REIT.
8. 10 AM: Market Expectations
Benchmark Sensex and Nifty are likely to open on a positive note on Tuesday, backed by strong global cues. SGX Nifty traded 185 points higher at 8,970 level, indicating a positive start in domestic grounds today.
8.00 AM: Closing bell
On Monday Benchmark indices Sensex and Nifty closed sharply lower as investors fretted over the news of the extension of the nationwide lockdown till May 31. The government's Rs 20.97-lakh crore fiscal stimulus package also failed to revive confidence in domestic investors.After a week of consolidation, Sensex closed 1,068 points lower at 30,028 and Nifty fell 313 points to 8,823.
Sensex slips 1,068 points, Nifty at 8,823 as economic stimulus fails to cheer Dalal street