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State Bank of India has chosen underwriters including Bank of America, CLSA and HSBC to arrange an institutional share placement, people with knowledge of the matter said.
Source: Bloomberg
Shares of the Chennai-based sewage treatment plant maker rose as much as 16 percent, the most since November 2015, to Rs 324 on heavy volumes.
Trading volume was more than five times its 20-day average, according to data compiled by Bloomberg.
As many as 4.30 lakh shares changed hands on the BSE compared with an average of 41,000 shares traded daily in the past two weeks, according to information on BSE's website.
Shares of the Kolkata-based private sector lender rose 1.6 percent to Rs 462.70 after its net profit rose 10.4 percent in December quarter.
Key earnings highlights:
Indian equity benchmarks continue to trade on a weak note dragged by ICICI Bank, Axis Bank, HDFC twins and IndusInd Bank.
The S&P BSE Sensex declined 0.25 percent or 93 points to 36,120 and the NSE Nifty 50 Index fell 0.33 percent or 36 points to 10,818.
Seven of 11 sector gauges compiled by National Stock Exchange were trading lower led by Nifty Private Bank Index's 0.9 percent decline. On the flipside, Nifty Auto Index was top gainer, up 0.5 percent.
Mid- and small-cap shares were outperforming their larger peers as Nifty Midcap 100 Index rose 0.34 percent and the Nifty Smallcap 100 Index advanced 0.2 percent.
The overall market breadth was neutral as 1,160 shares were advancing while 1,119 were declining on the BSE.
Shares of the Goa-based calcine and refines maker erased gains and dropped as much as 3.77 percent to Rs 521.10 after it reported loss in December quarter against profit during the same period year ago.
Key earnings highlights:
Buyers and sellers were not immediately known
Source: Bloomberg
Nifty's 10,800 put option contract was among the most active option contracts on the National Stock Exchange.
Premium on the contract surged 4 percent to Rs 123.10. Over 2.86 lakh shares were added to the open interest which stood at over 26.28 lakh shares.
Share of the country's largest carmaker fell as much as 0.59 percent to Rs 7,448 after it raised some vehicle prices by up to Rs 10,000.
The price increase varies across models, and is due to factors including increase in commodity prices and foreign exchange rates, the biggest Indian carmaker says in a statement.
Shares of the Delhi-based financial assistance provider to housing and urban infrastructure development projects rose as much as 5.63 percent to Rs 45.
HUDCO loan sanctions rose 2.4 times at Rs 12,116 crore, as of Dec. 31, versus Rs 5,107 crore on a year to date basis, while loan releases rose 66 percent at Rs 18,850 crore versus Rs 7,743 crore.
Shares of the Ludhiana-based pharma company rose as much as 4.71 percent to Rs 206.80 after Oregon Public Employees Retirement System acquired 3.03 lakh shares or 0.54 percent equity at Rs 196.88 each.
Shares of Gurugram-based communication services provider rose as much as 7.8 percent to Rs 114.40 apiece.
AGC Networks’ Singapore arm completed the acquisition of the U.S. based digital solutions provider Black Box Corporation, according to its filing to the bourses. The company said the combined entity will add $600 million to the company’s revenue and strengthen its presence across more than 25 countries.
Trading volume was more than 550 times the 20-day average for this time of the day, according to Bloomberg data.
Buyers and sellers were not immediately known
Source: Bloomberg
Telecom stocks have gone through significant pain and will watch out for this space, Amit Khurana, head of equities and research at Dolat Capital told BloombergQuint in an interview.
Key highlights of the conversation:
Shares of the Mumbai-based casino chain operator fell as much as 3.63 percent to Rs 252 after it reported December quarter earnings.
Key earnings highlights:
Shares of the Chennai-based commercial vehicle maker rose as much as 2.70 percent to Rs 97 after it secured order for supply of 2,580 buses from Institute of Road Transport, Chennai, Uttar Pradesh State Roadways Transport Corporation and Chandigarh Transport Undertaking, Ashok Leyland said in an exchange filing.
In a separate filing Ashok Leyland informed exchanges that it has acquired 12.5 percent additional stake in Ashley Aviation for Rs 25.5 lakh, to increase its holding to 88.75 percent.
The rupee is set to open weaker as appetite for riskier assets take a pause, although with crude prices pulling back, any weakness will be rather limited.
Implied opening from the forwards suggests that the rupee may start trading at 70.59 per dollar, having lost ground on Wednesday to end at 70.4650.
Global stocks have been rallying amid optimism tensions are thawing between the U.S. and China on trade, though the most recent meetings have ended with few details.
In the bond market, traders said securities are likely to trade in a range with most awaiting the details of the RBI's Rs 10,000 crore debt purchase via open market operations.
The yield on the 10-year bond, rose 2 basis points on Wednesday to end at 7.47 percent, with worries about India's fiscal deficit weighing on sentiment. Global funds sold Rs 230 crore on government bonds on Monday, data showed.
Source: Bloomberg
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Alert: Nalanda India Fund is run by former Managing Director of Warburg Pincus India Pulak Prasad.
(As reported on January 9)
Other Earnings To Watch
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