Vehicles Pass by National Stock Exchange building in Mumbai, India. (Source: BloombergQuint
6 years ago
Dec 31, 2019
Markets Today | Catch all the live updates on share prices, index moves, corporate announcements and more from Sensex and Nifty today on BloombergQuint.
On Tuesday, the 30-share index fell 0.7 percent and the 50-stock gauge fell 0.65 percent. The 500-stock index 0.53 percent.
Nine out of 11 sectoral gauges compiled by NSE ended lower, led by the NSE Nifty Media Index’s 1.5 percent fall. On the flipside, the NSE Nifty Realty Index was the top sectoral gainer, up 0.7 percent.
Shares of Jubilant FoodWorks extended gains for the fourth consecutive trading session. The stock rose 2.3 percent to hit an all-time high at Rs 1,665.50.
Shares extended gains for the sixth consecutive trading session. The stock rose as much as 19.6 percent, the most since December 2012, to Rs 648.
Trading volume was 70 times its 20-day average, Bloomberg data showed.
Power Finance Corporation
Stock rose as much as 4 percent to Rs 118.80.
Fresh longs seen with high open interest of 11 percent.
Trading volume was four times its 20-day average.
Chalet Hotels
Stock rose as much as 12.9 percent to Rs 402.
The company signed five new agreements with Marriott International for 1,500 plus keys in Luxury and Upper-Circle Hotel Tiers. The company will build hotels and extend contracts across brands such as W, Westin & Marriott Executive Apartment in Hyderabad and Mumbai.
Kalpataru Power Transmission
Stock rose as much as 2.4 percent to Rs 409.85.
The company bagged orders worth Rs 979 crore, the manufacturer of transmission line towers said in a stock exchange filing.
Indian equity benchmarks traded lower, led by the fall in Reliance Industries Ltd. and HDFC Bank Ltd.
The S&P BSE Sensex fell 0.27 percent to 41,447 and the NSE Nifty 50 fell 0.25 percent to 12,225. The broader markets represented by the NSE Nifty 500 Index fell 0.13 percent.
Shares of CARE Ratings extended gains for the sixth consecutive trading session. The stock rose as much as 19.6 percent, the most since December 2012, to Rs 648.
Trading volume was 70 times its 20-day average, Bloomberg data showed. The Relative Strength Index was above 70, indicating that the stock may be overbought.
Nifty’s 12,200 put 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 95.74 percent to Rs 34.45. Over 2.05 lakh shares were added to the open interest which stood at over 28.78 lakh shares.
Shares of Jet Airways resumed gains after a one-day blip. The stock hit an upper circuit of 5 percent at Rs 29.05.
The Hinduja Group is preparing a bid to buy grounded carrier, Bloomberg reported quoting people familiar with the matter.
“The U.K.-based group, run by brothers Gopichand Hinduja and Ashok Hinduja, plans to submit an expression of interest by the Jan. 15 deadline, signaling its intent to make a formal offer,” the report added quoting the people who requested anonymity as the deliberations are private.
Shares of Kalpataru Power Transmission rose as much as 2.4 percent to Rs 409.85.
The company bagged orders worth Rs 979 crore, the manufacturer of transmission line towers said in a stock exchange filing.
Of the shares traded, 46 percent were at the ask price and 45 percent were at the bid, according to Bloomberg data. The stock advanced 4.7 percent in the past 12 months compared to a 15 percent gain in the Sensex.
Shares of Chalet Hotels extended gains for the fourth consecutive trading session and rose as much as 12.3 percent to hit an all-time high at Rs 402.
The company signed five new agreements with Marriott International for 1,500 plus keys in Luxury and Upper-Circle Hotel Tiers. The company will build hotels and extend contracts across brands such as W, Westin & Marriott Executive Apartment in Hyderabad and Mumbai.
The stock traded at 59 times its estimated earnings per share for the coming year, according to Bloomberg data.
Indian equity benchmarks opened lower, led by the declines in HDFC twins.
The S&P BSE Sensex fell 0.15 percent to 41,490 and the NSE Nifty 50 fell 0.18 percent to 12,234. The broader markets represented by the NSE Nifty 500 Index fell 0.13 percent.
The market breadth, however, was tilted in favour of buyers. About 759 stocks advanced and 591 shares declined on National Stock Exchange.
Eight out of 11 sectoral gauges compiled by NSE traded lower, led by the NSE Nifty Metal Index’s 0.4 percent gain. On the flipside, the NSE Nifty FMCG Index was the top sectoral loser, down 0.14 percent.