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Sensex, Nifty Post This Year’s Longest Winning Streak

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Sensex, Nifty Post This Year’s Longest Winning Streak
A traffic signal stands illuminated next to the Bombay Stock Exchange (BSE) building in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)
8 years ago
The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index's performance in India rose 0.36 percent to 10,505 as of 6:30 a.m.
Apr 13, 2018 15:49 (IST)
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Apr 13, 2018 07:07 (IST)
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Apr 13, 2018 15:26 (IST)
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Apr 13, 2018 15:12 (IST)
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Shares of Tata Steel slipped 0.8 percent to Rs 593.65 after it announced output and sales numbers.

  • Tata Steel India sales at 3.01 million tonnes
  • Tata Steel Europe output at 2.62 million tonnes, sales at 2.48 million tones
  • Tata Steel Europe output marginally lower on unplanned outages

Apr 13, 2018 14:44 (IST)
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  • Genus Power: The Jaipur-based electronic meter and power control equipment maker rose as much as 3.8 percent to Rs 56.75 after Kotak Securities reiterated its ‘buy’ rating on the stock for target price of Rs 79.
  • Premier Explosives: The Secunderabad-based explosives maker rose as 7 percent to Rs 379.25 after it announced a tie up with Nexter to jointly manufacture BMCS (bi-modular propellant) charges.
  • Ashok Leyland: The Chennai-based commercial vehicle maker rose as much as 3.76 percent, the most in a month, to Rs 150.55. Ashok Leyland has won an order to supply High Mobility 10x10 vehicles to carry Smerch Rockets worth Rs 100 crore from the Defence Ministry, the company said in an exchange filing.
  • Rupa & Co: The Kolkata-based innerwear maker rose as much as 14.6 percent, the most in nearly seven months, to Rs 456.70. Trading volume was 46.6 times its 20-day average.
Apr 13, 2018 14:32 (IST)
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Shares of oil retailers resumed decline after Brent Crude traded above $70 mark in international markets.

  • Bharat Petroleum declines 2.6 percent
  • Hindustan Petroleum falls 0.95 percent
  • Indian Oil declines 1.3 percent

Apr 13, 2018 14:08 (IST)
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Shares of the country's largest private sector lender fell 0.3 percent to Rs 1,923.

The bank is planning to raise Rs 50,000 crore tier 2 capital by issuing perpetual debt instruments over next twelve months by via of private placement.

Apr 13, 2018 13:32 (IST)
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Click here for more stock market data

Apr 13, 2018 13:21 (IST)
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  • Rupa & Company: The Kolkata-based innerwear maker rose as much as 14.6 percent, the most in nearly seven months, to Rs 456.70. Trading volume was 46.6 times its 20-day average.
  • Security & Intelligence Service: The Delhi-based private security services provider rose as much as 1.75 percent to Rs 1,128.75. Trading volume was six times its 20-day average.
  • Symphony: The Ahmedabad-based air cooler maker rose as much as 1.7 percent to Rs 1,868. Trading volume was 7.1 times its 20-day average.
  • Ramco Systems: The Chennai-based IT company rose as much as 5.2 percent to Rs 487. Trading volume was 6.7 times its 20-day average.
Apr 13, 2018 12:49 (IST)
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Apr 13, 2018 12:21 (IST)
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Shares of the Anil Ambani-led company rose as much as 2.2 percent to Rs 462.50 after it informed exchanges that it has won a contract for Mumbai Metro Line 4.

Reliance Infrastructure won contracts for three out of five packages of Mumbai Metro Line 4 and the contracts are valued at Rs 1,584 crore.

Apr 13, 2018 12:16 (IST)
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Apr 13, 2018 11:53 (IST)
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Apr 13, 2018 14:11 (IST)
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Apr 13, 2018 11:47 (IST)
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  • Madras Fertilzers up 7 percent
  • FACT up 6 percent
  • Chambal Fertilisers 5.3 percent
  • Shakti Pumps up 6 percent
  • Escorts up 3.7 percent
Apr 13, 2018 11:35 (IST)
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Click here to see the complete options chain

Apr 13, 2018 11:32 (IST)
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  • Talwalkars Better Value Fitness locked in lower circuit at Rs 97.70 for twelfth day in a row.
  • JBF Industries locked in upper circuit at Rs 115.80 for seventh day in a row.
Apr 13, 2018 11:22 (IST)
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Shares of the Andhra Pradesh-based processed food maker rose as much as 4.86 percent to Rs 718.95 after EQ India Fund bought 1.50 lakh shares or 0.6 percent equity at Rs 650 each.

Apr 13, 2018 11:00 (IST)
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Shares of the Mukesh Ambani-led company rose as much as 1 percent to Rs 937.85 after it acquired close to 73 percent stake in education technology provider Indiavidual Learning Private Ltd (Embibe).

RIL will invest $180 million into the company over next three years.

Embibe is an emerging education technology provider incorporated in India in August, 2012.

Reliance said Embibe is an early stage company has on-boarded 60 education institutions to its platform.

Apr 13, 2018 10:46 (IST)
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Shares of the Chennai-based commercial vehicle maker rose as much as 3.2 percent, the most in a month, to Rs 149.70.

Ashok Leyland has won an order to supply High Mobility 10x10 vehicles to carry Smerch Rockets worth Rs 100 crore from the Defence Ministry, the company said in an exchange filing.

Apr 13, 2018 10:24 (IST)
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Shares of the jewellery and watch retailer rose as much as 1.6 percent to Rs 991.95 after the company in an exchange filing said that it aims for 10 percent market share in jewellery business.

Titan in a notification said:

  • Titan aims 10 percent market share in jewelry business
  • Titan aims uniform consumer price revenue of Rs 50,000 crore by FY23
  • Titan now aims jewelry operations revenue growth 2.5 times of FY17 by FY23
  • Titan says this revenue growth aim extended by one more year
  • Titan aims to grow jewelry business 2.5 times its FY17 revenue by FY22

Apr 13, 2018 10:01 (IST)
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Apr 13, 2018 10:53 (IST)
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Apr 13, 2018 09:48 (IST)
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Apr 13, 2018 09:42 (IST)
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Apr 13, 2018 09:19 (IST)
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Apr 13, 2018 10:49 (IST)
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Apr 13, 2018 08:27 (IST)
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Sovereign Indian bonds are poised for the worst week since Feb. 2017 as a surge in oil prices stoked concerns about inflation and the nation’s finances. Later in the day, RBI will auction Rs 12,000 crore of bonds.

Retail inflation rose 4.28 percent in March versus 4.4 percent in February, a government report showed Thursday after markets closed. That’s faster than 4.10 percent forecast in a Bloomberg Survey. According to DBS above expectation inflation is likely be marginally negative for Indian bonds.

The rupee is seen weakening in line with other Asian currencies amid concerns U.S. will strike Syria. Implied opening from forwards suggests onshore spot will start trading around 65.3163 on Friday.

Apr 13, 2018 08:10 (IST)
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Apr 13, 2018 07:32 (IST)
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Credit Suisse on Adani Ports

  • Maintained ‘Outperform’ with price target of Rs 480.
  • Rising coal imports an opportunity; can cover for Mundra power plant loss.
  • Strong container trend on sector growth and capacity adds.
  • Start of PSA International terminal may not affect because of different hinterland.
  • Valuations reasonable with strong cash flows and higher dividend payments.

Deutsche Bank on Oil and Gas

  • Petroleum product consumption growth accelerated in 2018.
  • Expect growth to sustain with improving industrial activity.
  • Auto fuel margins being sustained even in a high oil price environment.
  • OMCs offer attractive risk-reward.

IDFC Securities on UPL

  • Maintained ‘Outperform’ with a price target of Rs 982.
  • UPL well-placed to leverage the global generic opportunity.
  • Expect volume growth momentum to sustain.
  • Focus on profitable growth to continue.
  • Expect revenue, operating income and net profit to compound at 10 percent, 11 percent and 16 percent over the fiscal 2017-2020.
  • UPL look attractive given its global scale and strong earnings visibility.

Goldman Sachs on Tata Motors

  • Maintained ‘Neutral’; cut price target to Rs 366 from Rs 393.
  • Turnaround in India business is positive.
  • Meaningful stock rally hinges on positive surprises at JLR.

Ventura on Eris Lifesciences

  • Initiated ‘Buy’ with a price target of Rs 1,060.
  • Eris Lifesciences has a strong competitive position.
  • New launches and acquisitions to boost revenue and earnings in the current and the next financial year.
  • Eris has the highest EBITDA margins among peers.
  • Margins to improve with more focus on chronic segment.
  • Shifting manufacturing to Guwahati to give cost advantage.
  • Expect revenue, operating income and net profit to compound at 22 percent, 34 percent and 31 percent respectively over the financial year 2018-2020.
  • Expect return ratios to be over 40 percent.

IIFL on Varun Beverages

  • Maintained ‘Buy’; raised price target to Rs 750 from Rs 710.
  • New products and geographies to boost growth in coming years.
  • Expect revenue and earnings per share to compound at 16 percent and 31 percent respectively over 2017-19.
  • 2018 to witness better growth as demand seems to have recovered.
  • Expect return on invested capital to improve by 320 basis points in next two years.

UBS on Indian Hotels

  • Maintained ‘Buy’ with a price target of Rs 170
  • Expect operating income to compound at 17 percent through the financial years till March 2020.
  • Strong narrative from top management.
  • Management expect to improve margins to 25 percent and RoE by upwards of 10 percent in 3-4 years.
  • Like Indian Hotels due to its favourable locations and lower competition segments.
  • Future points towards a leaner, more efficient and technology-driven strategy.
  • Market not pricing in a prolonged upcycle scenario.

Kotak on Banks

  • Private banks’ gain continues; nationalised banks continue to lose market share.
  • Current accounts: private banks lead the industry for the first time in history.
  • Focus shifts to north and east India; central India continues to impress.
  • Nationalised banks drive productivity improvement in rural areas.
  • Nationalised banks’ performance in urban areas remain muted.

Deutsche Bank on Indian Telecom

  • Consolidation over: Prepare for inevitable revenue recovery.
  • Expect industry revenue to decline 9 percent in the current financial year.
  • Expect compounded growth rate of 6.8 percent in mobile revenue through the financial years till 2023.
  • Expect revenue market share: Idea-Vodafone (37 percent), Bharti (36 percent) and Jio (25 percent).
  • Stock prices have closely tracked trends in tariffs.
  • Bharti Airtel: Maintained ‘Buy’; cut price target to Rs 475 from Rs 595.
  • Beneficiary of India consolidation; Expect Africa turnaround.
  • Idea Cellular: Maintained ‘Buy’; cut price target to Rs 130 from Rs 105.
  • Market underestimating merged company’s market position.
  • Expect revenue and operating income to compound at 10 percent and 15 percent respectively over the financial years till March 2020.

Apr 13, 2018 07:06 (IST)
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Reliance Industrial Infrastructure

  • Q4 revenue down 1 percent at Rs 23.6 crore versus Rs 23.8 crore (YoY)
  • Net profit down 66 percent at Rs 2.5 crore versus Rs 7.3 crore (YoY)
  • EBITDA down 16 percent at Rs 3.6 crore versus Rs 4.3 crore (YoY)
  • Margin at 15.3 percent versus 18.1 percent (YoY)

Apr 13, 2018 06:58 (IST)
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  • Nifty April Futures closed trading at 10,465 with a premium of 6.4 points versus premium of 8 points.
  • April series-Nifty open interest (OI) up 5 percent, Bank Nifty OI up 5 percent.
  • India VIX ended at 14.5, down 1 percent.
  • Max OI for April series call shifts to 10,600 strike price call option from 10,500, OI at 39 lakh shares, up 1.5 percent.
  • Max OI for April series put shifts to 10,300 strike price put option from 10,000, OI at 55.4 lakh shares, OI up 27 percent.
Apr 13, 2018 06:52 (IST)
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Agro Tech Foods

  • EQ India Fund bought 1.50 lakh shares or 0.6 percent equity at Rs 650 each.

Kwality

  • Letko Brosseau Emerging Markets Equity Fund bought 36.50 lakh shares or 1.5 percent equity at Rs 59 each.
  • Sidhaant & Sons HUF sold 15 lakh shares or 0.6 percent equity at Rs 59.04 each.

MMP Industries

  • Old Bridge Capital Management bought 2.14 lakh shares at Rs 192.44 each.

Balrampur Chini Mills

  • State Street Emerging Markets Active Securities Lending QIB Common Trust Fund sold 15.13 lakh shares or 0.6 percent equity at Rs 74.2 each.

Dish TV

  • Promoter World Crest Advisors LLP bought 9.15 crore shares or 8.6 percent equity at Rs 73.1 each.
  • Catalyst Trusteeship Ltd sold 9.15 crore shares or 8.6 percent equity at Rs 73.1 each.

Trading Tweaks

  • Amrutanjan Health Care ex-date for 1:1 stock split.
  • Karda Constructions last trading day under T group.

Apr 13, 2018 07:02 (IST)
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  • Fortis Healthcare says received unsolicited binding offer from Hero Enterprises and Burman family to invest Rs 1,250 crore via preferential allotment
  • Thyssenkrupp says due diligence for Tata Steel joint venture almost complete. Expect decision on JV in first half (Bloomberg News)
  • Vedanta chairman commits to ramp up Zambia operations (Bloomberg News)
  • Boeing signs partnership with M&M, HAL for fighter jets
  • Dabur says dissolution of subsidiary to be completed by March 2019
  • Texmaco Rail opens subsidiary in South Africa to grow exports and EPC business in the African region
  • HCL Technologies, Sumeru Equity Partner to acquire Actian Corp in an all-cash deal worth $330 million
Apr 13, 2018 06:46 (IST)
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Apr 13, 2018 06:46 (IST)
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