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Indian equity benchmarks ended with marginal losses, halting their four-day record closing streak.
The S&P BSE Sensex fell 0.09 percent to end at 41,642.66 and the NSE Nifty 50 fell 0.07 percent to close at 12,262.75. The broader markets represented by the NSE Nifty 500 Index fell 0.08 percent.
The market breadth was tilted in favour of sellers. About 969 stocks declined and 839 shares advanced on National Stock Exchange.
Six out of 11 sectoral gauges compiled by NSE ended higher, led by the NSE Nifty Media Index’s 0.86 percent gain. On the flipside, the NSE Nifty PSU Bank Index was the top sectoral loser, down 1.34 percent.
LUX Industries
Nesco
Bharat Rasayan
BASF India
IndiaMART InterMESH
Reliance Infra
Muthoot Finance
Shares of Crisil extended gains for the third consecutive trading session. The stock rose as much as 6.8 percent, the most since Aug. 14, 2019, to Rs 1,924.
The company plans to buy Greenwich Associates for $40 million. The acquisition is expected to be completed by January- March quarter, according to its stock exchange notification on Dec. 20.
Trading volume was almost five times its 20-day average, Bloomberg data showed. The Relative Strength Index was above 70, indicating that the stock may be overbought.
Shares of Heritage Foods halted their four-day losing streak. The stock rose as much as 6.7 percent to Rs 349.
Of the shares traded, 37 percent were at the ask price and 55 percent were at the bid, according to Bloomberg data.
The stock declined 36 percent in the past 12 months compared to an 16 percent advance in the Sensex. The scrip traded 19 times its estimated earnings per share for the coming year, Bloomberg data showed.
Indian equity benchmarks declined after fluctuating between gains and losses in the morning trade.
The S&P BSE Sensex fell 0.3 percent to 41,566 and the NSE Nifty 50 fell 0.2 percent to 12,243. The broader markets represented by the NSE Nifty 500 Index fell 0.19 percent.
Shares in Asia drifted near record highs today, with volumes subdued as investors count down to the holiday break.
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Source: Bloomberg
Shares of Dishman Carbogen Amcis fell as much as 6.7 percent to hit an all-time low at Rs 99.25. The stock extended declines for the fifth consecutive trading session.
The Income Tax department visited company’s head offices and manufacturing sites conducting a search enquiry on Dec. 19 and the search enquiry is continuing. The company said that no impact is there on company’s routine operations.
Trading volume was more than three times its 20-day average, Bloomberg data showed. The Relative Strength Index was below 30, indicating that the scrip may be overbought.
Shares of L&T Technology Services rose as much as 2.1 percent to Rs 1,499.80.
The company bagged a multi-million-dollar engineering, procurement and construction management project in Europe, it said in a statement on the exchanges.
The stock declined 10 percent in the past 12 months compared to a 16 percent rally in the Sensex. The scrip traded at 19 times its estimated earnings per share for the coming year, according to Bloomberg data.
RoC Mumbai has filed a petition under Sec. 420 (2) of the Companies Act, 2013 seeking its impleadment in the ongoing case and an amendment in the order passed by the Appellate Tribunal. The NCLAT had made observations on the conduct of RoC in its Dec. 18 order.
RoC seeks an amendment to:
Source: RoC Petition to NCLAT
Indian equity benchmarks fluctuated between gains and losses to trade little changed.
The S&P BSE Sensex and the NSE Nifty 50 traded little changed at 41,645 and 12,272 as of 11:35 a.m. The border markets represented by the NSE Nifty 500 Index, too, traded little changed.
Shares of Hindustan Copper rose as much as 5.9 percent to Rs 39.90.
Trading volume was more than two times its 20-day average, Bloomberg data showed. The stock declined 23 percent in the past 12 months compared to a 17 percent rally in the Sensex.
Nifty’s 12,300 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 Dec. 26, fell 30.62 percent to Rs 34.90. Over 9.85 lakh shares were added to the open interest which stood at over 34.53 lakh shares.
Shares of IndiaMART InterMESH rose as much as 5.2 percent to Rs 2,088.90.
That comes after Jefferies initiated ‘Buy’ rating with a price target at Rs 2,500, implying a potential upside of 21.5 percent form the current market price.
Here’s what the research firm had to say:
State-Owned Iron Ore Miner NMDC Diversifies Into Coal
Shares of Lux Industries fell as much as 7.2 percent, the most since Jan. 10, 2019, to Rs 1,301.05.
Trading volume was more than four times its 20-day average, Bloomberg data showed. Of the shares traded, 12 percent were at the ask price and 80 percent were at the bid.
The stock declined 1.4 percent in the past five days and returned 2.7 percent in the past 30 days, according to Bloomberg data.
India Trying to Stop Reliance From Selling Assets, Times Says
Indian equity benchmarks opened lower, led by the declines in Reliance Industries Ltd. and State Bank of India.
The S&P BSE Sensex fell 0.19 percent to 41,600 and the NSE Nifty 50 fell 0.15 percent to 12,253. The broader markets represented by the NSE Nifty 500 Index traded little changed.
The market breadth, however, was tilted in favour of buyers. About 680 stocks advanced and 664 shares declined on National Stock Exchange.
Six out of 11 sectoral gauges compiled by NSE traded higher, led by the NSE Nifty Metal Index’s 0.52 percent gain. On the flipside, the NSE Nifty PSU bank Index was the top sectoral loser, down 0.5 percent.
Indian equity benchmarks are set for a muted start.
The S&P BSE Sensex and the NSE Nifty 50 traded little changed at 41,681 and 12,271.80 respecitively during the pre-market trade.
Manpasand Beverages Q1FY20 Standalone (year-on-year)
Reliance Industries Tears Into Government Affidavit, Says No Final Arbitration Award Due
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