Scan to Download
Shares of the state-run oil exploration company rose as much as 4.95 percent, the most since Oct. 11, to Rs 150.40.
ONGC informed stock exchanges that its board will meet on Dec. 20 to consider share buyback plan.
Shares of Anil Dhirubhai Ambani Group companies were trading higher after the Supreme Court rejected pleas to to probe India’s Rafale fighter jet deal with France, blunting the opposition’s attack on Prime Minister Narendra Modi and Anil Ambani in the multi-billion-dollar purchase.
This comes as a relief for Anil Ambani whose Reliance Naval and Engineering Ltd. was picked as an offset partner by Dassault Aviation in the Rs 58,000-crore purchase of 36 fighter jets in a fly-away condition.
Indian equity benchmarks fluctuated between gains and losses as gains in Bharti Airtel, Indian Oil and Infosys were offset by losses in HCL Tech, HDFC and Maruti Suzuki.
The S&P BSE Sensex was little changed at 35,958 and the NSE Nifty 50 Index was also little changed at 10,798.
Thirteen of 19 sector gauges compiled by BSE were trading higher led by the S&P BSE Telecom Index's 3 percent gain. On the flipside, S&P BSE Healthcare Index was top loser, down 0.6 percent.
Overall market breadth was neutral as 1,128 shares were advancing while 1,201 were declining on the BSE.
Colgate’s Ayurvedic Bet To Protect Turf Starts To Pay Off
Nifty’s 10,800 put option contract was among the most active option contracts on National Stock Exchange.
Premium on the contract rose 11.43 percent to Rs 115. Over 5.4 lakh shares were added to the open interest which stood at over 33.61 lakh shares.
Buyers and sellers were not known immediately.
Source: Bloomberg
Shares of Indian Oil rose as much as 3.5 percent to Rs 142.20.
The company’s board announced share buyback and dividend. The Company will buyback 3 percent of the total equity worth Rs 4,435 crore at Rs 149 per share, a premium of 9 percent to last price and dividend of a Rs 6.75 per share aggregating to Rs 7886 crore. Record date for the buyback is set on Dec. 25.
Trading volume was more than quadruple its 20-day average, Bloomberg data showed. The stock traded at 7.5 times estimated forward earnings per share compared to 8.9 times its two-year historical average.
Former RBI Governor Raghuram Rajan speaks at an event in Delhi. (2/2)
— BloombergQuint (@BloombergQuint) December 14, 2018
Read: https://t.co/n9aMBSEWdH pic.twitter.com/cmA5YzUEmV
India's Central Bank Board Meets With New Worries About Autonomy
Here is how foreign and local funds played the market on Thursday.
— BloombergQuint (@BloombergQuint) December 14, 2018
Read: https://t.co/KnIocO1Z16 pic.twitter.com/plWLxXPwKA
Citi on Yes Bank
Citi on United Breweries
Kotak on Container Corp
Kotak on JSW Steel
Deutsche Bank Research
JPMorgan
Ashapura Intimates Fashion
Max Financial Services
Rafale Deal: Supreme Court To Pronounce Verdict On Dec. 14
London Metal Exchange
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
