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Some brisk buying in industry heavyweights such as Infosys, HDFC, ICICI Bank, Hindustan Unilever (HUL), and Bharti Airtel helped benchmark indices settle with decent gains on Friday. Additionally, positive global cues, too, boosted investor sentiment.

The S&P BSE Sensex added 247 points or 0.65 per cent to end at 38,127.08 levels, with Infosys (up 4 per cent) being the top gainer and YES Bank (down over 3 per cent) the biggest loser. During the session, the index hit a high and low of 38,345.41 and 37,737.85, respectively.

In the broader market, the S&P BSE MidCap index ended at 13,780.99 levels, up 33 points or 0.24 per cent and the S&P BSE SmallCap gained 49 points or 0.38 per cent to close at 12,772.07.

On the NSE, the headline index Nifty50 ended at 11,301.25 levels, up 67 points or 0.59 per cent.

Sectorally, barring media and private bank, all the indices on the NSE ended in the green. The Nifty Metal index ended at 2,335.20 levels, up 2.27 per cent.

GLOBAL MARKETS

Asian shares jumped on Friday after US President Donald Trump said he would meet with China’s top trade negotiator, stirring hopes for an agreement, while sterling resumed its climb amid optimism over a possible Brexit deal. European shares were mostly expected to continue the rally. Pan-region Euro Stoxx 50 futures rose 0.26 per cent to 3,494 and German DAX futures gained 0.29 per cent to 12,209. FTSE futures were down 0.43 per cent at 7,142.5 early in the day.

MSCI’s broadest index of Asia-Pacific shares outside Japan advanced 1.3 per cent on Friday afternoon in Asia. S&P e-mini futures added 0.45 per cent. Japan's Nikkei stock index gained 1.1 per cent. Chinese blue-chips were up nearly 1 per cent after a slow start.

In commodities, oil prices jumped by 2 per cent after Iranian news agencies said a state-owned oil tanker was struck by two missiles in the Red Sea near Saudi Arabia, raising the prospect of supply disruptions from a crucial producing region.

(With inputs from Reuters)

CATCH ALL THE LIVE UPDATES Auto Refresh 03:36 PM Sectoral trends at NSE at close

03:35 PM Top gainers and losers on S&P BSE Sensex at close

03:35 PM Closing Bell The benchmark S&P BSE Sensex ended the day at 38,127 level, up 247 points or 0.65 per cent. Infosys and Vedanta added 4 per cent each to settle as the as top gainers at the 30-share index, while YES Bank settled as the top loser, down 3 per cent. On NSE, the Nifty50 index closed at 11,301 level, up 67 points or 0.59 per cent. Infosys, Cipla, and Vedanta, which gained between 4-5%, were the top gainers at the 50-share index. On the downside, YES Bank, Indian Oil Corporation and GAIL settled as top losers, down in the range of 2-3%. 03:25 PM Cipla rebounds 13% from 52-week low on heavy volumes Shares of Cipla gained 5 per cent to Rs 442, thus bouncing back 13 per cent from its early morning low on the BSE on Friday as, according to analysts, the USFDA's inspection of Goa facility found no repeat or data integrity (DI) observations, so there is no chance of import alerts at the plant. READ MORE

03:09 PM Iran oil tanker hit by suspected missile strikes near Saudi port Suspected missile strikes hit an Iranian oil tanker near the Saudi coast on Friday, its owner said, the first Iranian vessel targeted since a spate of attacks in the Gulf Washington blamed on Tehran. Oil prices surged more than two per cent on the news, which raised new supply concerns with tensions still high after last month's attacks on two Saudi crude facilities. READ MORE 03:01 PM NEWS ALERT | IRCTC to list its shares on Monday, Oct 14: Reports 02:57 PM NEWS ALERT | Malvinder, Shivinder Singh sent to 4 days police custody by Chief Metropolitan Magistrate: CNBC TV18 02:54 PM Oil posts biggest gain in a month after reports of Iranian tanker attack: Reuters Oil prices jumped more than 2% on Friday after Iranian media said a state-owned oil tanker had been struck by missiles in the Red Sea near Saudi Arabia, raising the prospect of supply disruptions weeks after attacks on Saudi oil plants. International benchmark Brent crude futures LCOc1 were up$1.39, or around 2.4%, at $60.49 a barrel by 02:00 pm, the report added. Interim Budget 2019: FM has cheap crude oil to thank for his fiscal record

02:52 PM Unlisted cos executing more NHAI projects than their listed counterparts While some of these unlisted companies are expected to look for a public listing in the future, some others may prove to be a cause for concern for NHAI. In FY2019, unlisted companies implemented 63 per cent of NHAI’s hybrid annuity model (HAM) projects, according to a report by Equirus Capital. This share is higher at 88 per cent for NHAI’s engineering, procurement and construction (EPC) projects, the report stated. READ MORE 02:38 PM NEWS ALERT | Aurobindo Pharma's promoter creates pledge on 8 lakh shares from October 7-9: BSE filing 02:37 PM Market check

02:36 PM MARKET CHECK | Top 5 losers on the BSE at present

02:19 PM IRB Infra extends losses to fourth day, slips 13% to hit over 6-year low In the past two months, IRB Infra has underperformed the market by falling 42 per cent after the company informed the stock exchange that Mhaiskar Infrastructure - wholly-owned subsidiary of the company, had successfully completed concession period of Mumbai Pune project on August 10, 2019. READ MORE

markets

02:09 PM If China, US continue their tit-for-tat policy, everybody will lose Things are getting worse. That’s a conclusion one might have reasonably reached after reading this week’s US-China headlines. First, there was Hong Kong, a matter Beijing has warned Washington to stay clear of. Protesters last weekend battled police, vandalized shops and paralyzed swaths of the Asia financial center. Then President Donald Trump tied outcomes in Hong Kong to trade. READ MORE 01:58 PM Reliance Securities on Cyient Cyient’s (CYL) stock price rose 2.7% in yesterday’s trade, while the BSE Sensex declined 0.8%. Cyient’s 1QFY20 USD revenue declined 5.2% QoQ in USD terms, with core services revenue down 6.2% QoQ, while DLM revenue rose 2.7% QoQ. From vertical perspective (core services), AERO (-2.8% QoQ in USD terms), Transportation (-1.7%), ENU (-11.8%) and Portfolio (-9.7%) were the key verticals that pressurised revenue. Management expects revenue to recover in 2QFY20E along with margin expansion; growth has come back across verticals barring pockets like Semiconductor. Valuation at 11.3x/9.7x FY20E/FY21E EPS seems to be fairly reasonable. We have a BUY rating on Cyient, with a Target Price of Rs 610. 01:41 PM September passenger vehicle sales dive 24% as slowdown persists: SIAM India's passenger vehicle sales slumped 23.7 per cent in September, the eleventh straight month of declines, prompting an industry body to flag more job cuts if sales failed to pick up soon. Passenger vehicle sales dropped to 223,317 units in September, the Society of Indian Automobile Manufacturers (SIAM) data showed, while passenger car sales dived 33.4 per cent to 131,281 units. READ MORE 01:38 PM MARKET UPDATE | Top gainers on the BSE at present

01:26 PM Emkay Global Research on Speciality Chemicals sector We believe Q2FY20 will be one of the sluggish quarters for chemical companies with lower realization and muted demand. However, things have started improving by the end of Q2FY20 and we believe H2FY20 would be better. New facilities from most companies coming up in H2FY20 will be looked as positive amid improving sentiments. We continue to remain positive on SRF, Navin Fluorine International (NFIL) and CFIN due to their strong outlook on the specialty chemical segment, while GHCL and APCO look good with cheap valuations. In our sector EAP, we remain overweight on SRF and NFIL. 01:11 PM September passenger vehicle sales dive 24% as slowdown persists: SIAM India's passenger vehicle sales slumped 23.7 per cent in September, the eleventh straight month of declines, prompting an industry body to flag more job cuts if sales failed to pick up soon. Passenger vehicle sales dropped to 223,317 units in September, the Society of Indian Automobile Manufacturers (SIAM) data showed, while passenger car sales dived 33.4 per cent to 131,281 units. READ MORE

12:58 PM NEWS ALERT | Rakesh Jhunjhunwala sells 49 lakh shares (0.54% eq) of Titan in July-September quarter - Stake now is at 6.51% against 7.05% in June

(As per latest shareholding pattern reported by Co)

12:55 PM IndusInd Bank hits 33-month low on lower-than-expected Q2 loan growth IndusInd Bank’s advances grew a mere 21 per cent, slowest in over 20 quarters, against expectation 25-30 per cent, on account of conservatism and macro slowdown. The asset quality of the bank worsened sequentially as well as annually. In percentage terms, consolidated gross non-performing assets (GNPAs) was at 2.19 per cent, against 2.15 per cent in Q1FY20 and 1.09 per cent in Q2FY19. Net NPA however, improved sequentially at 1.12 per cent from 1.23 per cent in the previous quarter. READ MORE

12:32 PM Bandhan Bank soars 20% on reports of inclusion in MSCI Index Shares of Bandhan Bank zoomed 20 per cent to trade at Rs 608.3 per share on the BSE on Friday on reports that the private lender would be included in the MSCI Global Standard index with effect from October 16. In a tweet, analysts at Motilal Oswal Financial Services said that the inclusion was a result of merger with HDFC-owned Gruh Finance. READ MORE

12:29 PM NEWS ALERT | Indiabulls Real Estate approves share buyback worth Rs 500 cr: BSE Filing -- Board approves proposal of Rs. 500 Crores of buyback of upto 5 crore fully paid-up Equity Shares having face value Rs. 2/- each of the Company, representing approx. 11% of its total existing paid-up equity capital at Rs. 100/- per Equity Share

12:27 PM NEWS ALERT | PMO calls meeting with states' principal chief secy and chief secy to discuss GST revenue collection: sources to CNBC TV18 -- PMO to hold meeting today at 6 pm.

-- PMO calls meeting after Revenue Dept makes detailed presentation on GST revenue.

12:07 PM Anand Rathi Research on IndusInd Bank Higher accelerated provisioning of Rs 3.6 billion led to a sequential decline in IndusInd’s Q2 earnings. SMA disclosures and the stressed pool suggest no major risk in asset quality. With the weaker economic environment, however, we are building in lower loan growth. Given its low PCR (~50%) vs. larger corporate banks and given the lower growth expectations than earlier envisaged, we cut out P/ABV multiple to 2.7x (earlier 3.6x), with a lower TP of Rs 1,500 (earlier Rs 1,920). 11:55 AM MARKET CHECK | Around 157 securities hit 52-week low on the NSE (Source: NSE)

11:44 AM Promoters' holding in Coffee Day dips 28% to 25.35% as of Sept quarter Promoters' holding in Coffee Day Enterprises (CDEL) has dipped 28 per cent to 25.35 per cent as of September quarter. Experts say some lenders may have invoked shares pledged by the company's promoters in the second quarter, leading to such dilution of holdings. READ MORE

11:32 AM NEWS ALERT | Crude Steel Production : 3.84 Million Tons in 02 FY 2019-20: BSE Filing

11:29 AM NEWS ALERT | Malvinder Singh moves Delhi HC, seeks quashing of FIR by EOW: CNBC TV18 -- Says, EOW lacks jurisdiction to register an FIR, conduct probe

-- Malvinder Singh says complaints filed before MCA for the same alleged offences;

-- Adds, Under MCA, SFIO is already seized of the issue, is conducting investigations

Alert: Ranbaxy ex-promoters Malvinder, Shivinder Singh were arrested yesterday in Rs 740 cr fraud case

11:27 AM NEWS ALERT | An explosion on an Iranian oil tanker has set the vessel on fire near Saudi port city of Jeddah (As reported by CNBC TV18 quoting Agencies)

#Infosys