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Indian equity benchmarks halted a three-day losing streak and erased most of weekly losses with just today’s rally.
The S&P BSE Sensex rose 1 percent to close at 41,575.14 and the NSE Nifty 50 rose 0.98 percent to end at 12,245.80. The broader markets represented by the NSE Nifty 500 Index rose 0.93 percent.
The market breadth was tilted in favour of buyers. About 1,116 stocks advanced and 678 shares declined on National Stock Exchange.
All the 11 sectoral gauges compiled by NSE ended higher, led by the NSE Nifty PSU Bank Index’s 2.9 percent advance.
ICICI Securities
HG Infra Engineering
PVR
Indian Overseas Bank
Federal-Mogul Goetze India
Bank of Maharashtra
Stocks climbed worldwide and propelled global benchmarks to fresh records on Friday as robust gains in tech shares make 2019 a year to remember for risk assets.
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Source: Bloomberg
Shares of Sical Logistics hit their lower circuit of 5 percent at Rs 16.25.
The company said that they would default on payment of non-convertible debentures interest worth Rs 5.5 crore falling due on Dec. 27, due to a cash flow mismatch.
Of the shares traded, 12 percent were at the ask price and 85 percent were at the bid, Bloomberg data showed.
Shares of HG Infra Engineering rose as much as 10.9 percent, the most since Nov. 15, 2019, to Rs 269.80.
The company was declared L-1 Bidder for HAM Project in Haryana for worth Rs 372.1 crore.
The stock returned 12 percent in the past five days and 5.5 percent in the past 30 days, according to Bloomberg data.
Shares of Reliance Capital hit their lower circuit of 5 percent at Rs 14.80. The stock halted its four-day gaining streak.
The stock declined 94 percent in the past 12 months compared to a 16 percent gain in the Sensex.
Shares of KPIT Technologies halted their two-day losing streak and rose as much s 5.8 percent to Rs 94.
The analyst consensus price target tracked by Bloomberg is 31.6 percent higher than the current market price. The scrip traded at 16 times its estimated earnings per share for the coming year, according to Bloomberg data.
Shares of Minda Corporation extended gains for the second consecutive trading session. The stock rose as much as 7.9 percent to Rs 104.15.
The scrip advanced 15 percent in two days. Trading volume was 12 times its 20-day average, according to Bloomberg data.
The stock returned 12 percent in the past five days and 13 percent in the past 30 days.
Shares Kaveri Seed Company rose as much as 13.6 percent, the most since May 2016, to Rs 543.
Trading volume was more than 20 times its 20-day average, according to Bloomberg data. Of the shares traded, 41 percent were at the ask price and 40 percent were at the bid.
The scrip traded at 15 times its estimated earnings per share for the coming year, Bloomberg data showed. The stock declined 8 percent n the past 12 months compared to a 16 percent gain in the Sensex.
Indian equity benchmarks extended opening gains.
The S&P BSE Sensex rose 0.6 percent to 41,414 and the NSE Nifty 50 rose 0.64 percent to 12,202. The broader markets represented by the NSE Nifty 500 Index rose 0.62 percent.
Shares of ICICI Securities rose as much as 14.3 percent to Rs 415.80, the heist since May 2018.
Trading volume was more than 20 times its 20-day average, according to Bloomberg data. The Relative Strength Index was above 70, indicating that the stock may be overbought.
The stock advanced 55 percent in the past 12 months compared to a 16 percent gain in the Sensex.
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 Jan. 2, rose 52.88 percent to Rs 54.35. Over 4.07 lakh shares were added to the open interest which stood at over 19.17 lakh shares.
Shares of SpiceJet extended gains for the third consecutive trading session. The stock rose as much as 6.6 percent to Rs 102.60.
The scrip advanced 9 percent in three trading sessions. Trading volume was more than two times its 20-day average, Bloomberg data showed. Of the shares traded today, 51 percent were at the ask price and 32 percent were at the bid.
Shares of CARE Ratings rose as much as 3.5 percent to Rs 527. while shares of ICRA swung from a fall of as much as 3.6 percent to traded little changed at Rs 2,801.05.
The market regulator imposed a Rs 25 lakh-penalty for their failure to exercise skill, care and due diligence in rating the non-convertible debentures of Infrastructure Leasing & Financial Services Ltd. and its non-bank lending unit.
Shares of Allahabad Bank rose as much as 10.9 percent, the most in over four months, to Rs 19.70.
The lender received fresh capital of Rs 2,153 crore from the government.
Trading volume was more than 20 times its 20day average, Bloomberg data showed. The Relative Strength Index was below 30, indicating that the stock may be oversold.
Indian equity benchmarks opened higher after declining for three consecutive trading sessions.
The S&P BSE Sensex rose 0.36 percent to 41,312.61 and the NSE Nifty 50 rose 0.39 percent to 12,174. The broader markets represented by the NSE Nifty 500 Index rose 0.37 percent.
The market breadth was tilted in favour of buyers. About 918 stocks advanced and 453 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 1.4 percent advance.
India’s Bonds Rally as RBI Surprises With Pace of Purchases
Indian equity benchmarks are set to open higher.
The S&P BSE Sensex rose 0.2 percent to 41,272 during the pre-market trade and the NSE Nifty 50 rose 0.43 percent to 12,179.75.
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