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Aster DM Healthcare
Sunteck Realty
Finolex Industries
BGR Energy Systems
Stocks rose across Europe and Asia and U.S. equity futures climbed on Thursday, extending a relief rally after America and Iran appeared to step back from a deeper military conflict. The yen and gold declined and oil steadied after a plunge.
Shares of Infosys rose 1.4 percent to Rs 728.25. The stock had risen as much as 1.9 percent earlier.
About 3.5 lakh shares of the company changed hands in a large trade, Bloomberg data showed. Buyers and sellers were not known immediately.
Besides, the software developer is set to announce its December quarter results tomorrow.
Shares of Jindal Saw rose as much as 12.4 percent to Rs 94.50, the highest since March 15, 2019.
Trading volume was more than five times its 20-day average, Bloomberg data showed. The stock extended gains for the third consecutive trading session.
The Relative Strength Index was above 70, indicating that the stock may be overbought, according to Bloomberg data.
Shares of Jindal Saw rose as much as 12.4 percent to Rs 94.50, the highest since March 15, 2019.
Trading volume was more than five times its 20-day average, Bloomberg data showed. The stock extended gains for the third consecutive trading session.
The Relative Strength Index was above 70, indicating that the stock may be overbought, according to Bloomberg data.
About 67 lakh shares of Avenue Supermarts changed hands in a large trade, Bloomberg data showed. Buyers and sellers were not known immediately.
Security & Intelligence Services
Gujarat State Fertilizers & Chemicals
Godrej Agrovet
Linde India
Shares of Aster DM Healthcare rose as much as 7.2 percent, the most in over two months, to Rs 171.20.
The company plans to buy back up to 120 crore shares or about 1.13 percent equity at Rs 210 apiece, according to its statement.
Trading volume was more than two times its 20-day average, Bloomberg data showed. The scrip traded at 26 times its estimated earnings per share for the coming year, according to Bloomberg data.
Shares of Yes Bank extended gains for the second consecutive trading session and rose as much as 5.3 percent to Rs 48.50.
The Mumbai-based lender plans to consider fundraising proposals in its board meeting on Jan. 10, according to its statement to the exchanges on Jan. 8.
The stock declined 74 percent in the past 12 months compared to a 14 percent gain in the Sensex.
Indian stocks extended gains to trade at day’s high.
The S&P BSE Sensex rose as much as 1.6 percent or 646 points to 41,463.93 and the NSE Nifty 50 rose as much as 1.6 percent to 12,217.90. The broader markets represented by the NSE Nifty 500 Index rose as much as 1.55 percent.
Nifty’s 12,200 call option contract was among the most active Nifty option contracts on National Stock Exchange.
Premium on the contract, which is set to expire on Jan. 9, rose 478.57 percent to Rs 20.25. Over 11.25 lakh shares were added to the open interest which stood at over 40.80 lakh shares.
Shares of Max Financial Services extended declines for the second consecutive trading session.
The stock fell as much as 16.1 percent, the most since July 2016, to Rs 468.75, the lowest since Nov. 14, 2019.
Trading volume was more than 18 times its 20-day average, Bloomberg data showed. Of the shares traded, 43 percent were at the ask price and 39 percent were at the bid.
The Indian rupee extended morning gains against the U.S. dollar. The home currency appreciated as much as 0.46 percent to 71.37 against the greenback.
The local legal tender strengthened for the third consecutive trading session.
Indian equity benchmarks opened higher reflecting their Asian peers as U.S.-Iran appeared to be stepping back from deeper military conflict. Oil marketers were among the top gainers on account of the geo-political development.
The S&P BSE Sensex rose 1.30 percent to 41,344.75 and the NSE Nifty 50 rose 1.31 percent to 12,153.15. The broader markets represented by the NSE Nifty 500 Index rose 1.29 percent.
The market breadth was tilted in favour of buyers. About 1,382 stocks advanced and 292 shares declined on National Stock Exchange.
Ten out of the 11 sectoral gauges compiled by NSE traded higher, led by the NSE Nifty PSU Bank Index’s 2.2 percent gain. On the flipside, Nifty IT Index was the only sectoral loser, down 0.13 percent.
Shares of the budget carrier jumped close to 10.4 percent, the most in nearly two weeks, to Rs 109.60 apiece.
The trading volume was nearly thrice the 20-day average, Bloomberg data showed. Eleven out of 15 analysts tracked by Bloomberg had a ‘Buy’ rating on the stock while three had recommended ‘Hold’. One analyst had a ‘Sell’ rating.
Shares of the country’s largest software exporter declined 1.5 percent intraday to Rs 2,222.10 apiece.
This comes as the company is likely to postpone its third quarter results scheduled to take place today, according to a Business Standard report citing unnamed sources. The delay is on account of NCLAT order earlier this month ruled that Cyrus Mistry’s dismissal as chairman of Tata Sons Ltd. as illegal. Supreme Court to hear Tata Sons plea challenging the plea on Jan. 10.
The stock advanced 19 percent in the past 12 months compared to a 13 percent gain in the Sensex.
Shares of the country’s largest carmaker rose 1.6 percent intraday to Rs 7149 apiece.
Maruti Suzuki India Ltd. on Wednesday reported a 7.88 percent increase in production in December at 1.16 lakh units, the second successive month of hike after reducing it for nine months in a row due to demand slump.
The stock traded at 33 times its estimated earnings per share for the coming year, Bloomberg data showed.
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Shares of the telecom operator rose as much as 3.5 percent to one-month high of Rs 474.95 apiece.
Bharti Airtel, in an exchange filing, said it launched qualified institutional placement to raise Rs 14,400 crore at an indicative floor price of Rs 435 – discount of 5.2 percent to last closing. Fundraise via equity share at indicative floor price would lead to an equity dilution of 6.1 percent on the expanded equity base.
The company will also be raising $1 billion via issue of foreign currency convertible bonds with a green-shoe option to raise another $250 million, the filing said, adding that the proceeds of the issue will be used by the company for payments of adjusted gross revenue dues, pare debt and for general corporate purposes.
The stock has gained 52 percent in the past 12 months compared with a 13 percent gain in the Nifty Index.
Indian equity benchmarks opened higher reflecting their Asian peers.
The S&P BSE Sensex rose 1.08 percent to 41,266.50 and the NSE Nifty 50 rose 1.14 percent to 12,163.30. The broader markets represented by the NSE Nifty 500 Index rose 1.16 percent.
The market breadth was tilted in favour of buyers. About 1,233 stocks advanced and 282 shares declined on National Stock Exchange.
All the 11 sectoral gauges compiled by NSE traded higher, led by the NSE Nifty PSU Bank Index’s 2.5 percent gain.
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