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Indian equity benchmarks ended mixed after a topsy-turvy session as gains in HDFC Bank Ltd. were offset by losses in ICICI Bank Ltd.
The S&P BSE Sensex fell 0.04 percent to close at 41,558 while the NSE Nifty 50 rose 0.08 percent to 12,255.85. The broader markets represented by the NSE Nifty 500 Index rose 0.16 percent.
The market breadth was tilted in favour of buyers. About 1,075 stocks advanced and 747 shares declined on National Stock Exchange.
Six out of 11 sectoral gauges compiled by NSE ended higher, led by the NSE Nifty Auto Index’s 1.5 percent gain. On the flipside, the NSE Nifty PSU Bank Index was the top sectoral loser, down 1.2 percent.
ICICI Securities
Federal-Mogul Goetze
GE Power India
Vaibhav Global
Balaji Amines
Essel Propack
Mindtree
Rites
Buyers and sellers were not known immediately.
Source: Bloomberg
Shares of Essel Propack extended gains for the second consecutive trading session. The stock rose as much as 7.7 percent to hit an all-time high at Rs 185.70.
The stock returned 70 percent in the past 12 months. The Relative Strength Index was above 70, indicating that the stock may be overbought, according to Bloomberg data.
Shares of SpiceJet rose 6.3 percent to Rs 110.25. The stock had risen as much as 14.8 percent earlier.
Trading volume was 10 times its 20-day average, according to Bloomberg data. Of the shares traded, 44 percent were at the ask price and 46 percent were at the bid.
The stock had declined 25 percent in the past 12 months compared to a 15 percent gain in the Sensex.
Shares of Balaji Amines rose as much as 15.1 percent, the most since Nov. 7, 2019, to Rs 416.70, the highest since May 29, 2019.
Brokerage and research firm HDFC securities recommended investors to buy at Rs 362 and has a target of Rs. 398.50-445.50 in the next 12 months.
Trading volume was 40 times its 20-day average, Bloomberg data showed. The stock advanced 19 percent in the past five days and 12 percent in the past 30 days.
European and U.S. equity futures saw muted moves on Monday following a mixed session in Asia
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Source: Bloomberg
Shares of JSW Steel fluctuated between gains and losses to traded little changed at 268.85.
The company's Netherlands-based subsidiary will offload 39 percent stake in joint venture firm Geo Steel LLC for $23.08 million.
The stock traded 16 times its estimated earnings per share for the coming year, according to Bloomberg data.
Indian equity benchmarks erased opening gains.
The S&P BSE Sensex fell 0.15 percent to 41,511 and the NSE Nifty 50 fell 0.12 percent to 12,231.65. The broader markets represented by the NSE Nifty 500 Index fell 0.07 percent.
Shares of Nava Bharat Ventures halted their two-day losing streak. The stock rose as much as 13.5 percent to Rs 75.70.
Trading volume was almost four times its 20-day average, Bloomberg data showed. The scrip traded at 3.2 times its estimated earnings per share for the coming year.
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 Jan. 2, rose 13.92 percent to Rs 37.65. Over 9.62 lakh shares were added to the open interest which stood at over 26.10 lakh shares.
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Shares of Suzlon Energy extended declines for the second consecutive trading session. The stock fell as much as 7.7 percent, the most since Nov. 15, to hit a new all-time low at Rs 1.80.
Trading volume was more than four times its 20-day average, Bloomberg data showed. The Relative Strength Index was below 30, indicating that the stock may be oversold.
Shares of Vodafone Idea halted their five-day losing streak. The stock rose as much as 9.5 percent, the most since Dec. 4, to Rs 6.35.
Of the shares traded, 53 percent were at the ask price and 46 percent were at the bid, according to Bloomberg data. The scrip declined 11 percent in the past five days and 15 percent in the past 30 days.
Shares of Adani Ports and Special Economic Zone rose as much as 2 percent to Rs 371. The stock was the best performer on the Nifty Index.
The Adani Group acquired majority stake in Snowman Logistics for Rs 296 crore to foray into cold chain logistics.
“Adani Logistics, a wholly owned subsidiary of Adani Ports and Special Economic Zone, signed definitive agreements to acquire 40.25 percent stake in Snowman Logistics from Gateway Distriparks,” the company said in a statement.
Besides, Adani Logistics will make a mandatory open offer at Rs 44 apiece under SEBI’s takeover norms for a maximum 26 percent of the public shareholding in the Snowman, according to a separate exchange filing. The acquisition, subject to customary condition precedents, is expected to close by March 31, 2020.
Indian equity benchmarks opened higher, extended gains for the second consecutive trading session.
The S&P BSE Sensex rose 0.19 percent to 41,663 and the NSE Nifty 50 rose 0.2 percent to 12,272. The broader markets represented by the NSE Nifty 500 Index rose 0.25 percent.
The market breadth was tilted in favour of buyers. About 869 stocks advanced and 482 shares declined on National Stock Exchange.
Ten out of 11 sectoral gauges compiled by NSE traded higher, led by the NSE Nifty Pharma Index’s 0.51 percent advance. On the flipside, the NSE Nifty PSU Bank Index was the top sectoral loser, down 0.08 percent.
The Indian rupee opened marginally lower against the U.S. dollar. The home currency depreciated as much as 0.04 percent to 71.38 against the greenback.
Indian equity benchmarks are set to open lower.
The S&P BSE Sensex rose 0.12 percent to 41,626.05 during the pre-market trade and the NSE Nifty 50 rose 0.44 percent to 12,300.15.
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