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Indian equity benchmarks registered their best weekly gains since first week of November.
The S&P BSE Sensex advanced 1.4 percent this week to end at 41,009 and the NSE Nifty 50 rose 1.35 percent this week to close at 12,086.70.
Today, the 31-stock index closed 1.05 percent or 428 points higher and the 50-share gauge ended 0.96 percent or 114.90 points higher. The broader markets represented by the NSE Nifty 500 Index advanced 0.95 percent.
The market breadth was tilted in favour of buyers. About 1,172 stocks advanced and 609 shares declined on National Stock Exchange.
Ten out of 11 sectoral gauges compiled by NSE ended higher, led by the NSE Nifty PSU Bank Index’s 4.03 percent rally. On the flipside, the NSE Nifty Pharma Index was the only sectoral loser, down 0.04 percent.
Shares of BGR Energy Systems hit their upper circuit of 20 percent at Rs 35.70.
The company received a contract from Tamil Nadu Generation and Distribution Corporation Ltd. for worth Rs 4,472.75 crore) for the execution of 660 megawatt Supercritical ‘Ennore Thermal Power Station Expansion Project’ under EPC basis, according to its statement on the exchanges. “The overall contract completion period is 36 months from the date of Letter of Intent,” the company added.
Of the shares traded on NSE, 57 percent were at the ask price and 17 percent were at the bid, according to Bloomberg data.
Navin Fluorine
Union Bank of India
Mastek
Premier Explosives
The market breadth remained in favour of buyers. About 1,151 stocks advanced and 606 shares declined on National Stock Exchange.
Federal-Mogul Goetze
DCB Bank
ICRA
Atul
Indian equity benchmarks extended gains to trade at day’s high.
The S&P BSE Sensex rose 1.02 percent or over 400 points to hover around 41,000 and the NSE Nifty 50 rose 0.92 percent to 12,083. The broader markets represented by the NSE Nifty 500 Index rose 0.89 percent.
India’s finance budget for the fiscal year 2020-21 will be presented on Feb. 1, Bloomberg reported quoting Parliamentary Affairs Minister Joshi.
Stocks surged around the world and bonds dropped as news of the partial trade deal between the U.S. and China reverberated across global markets.
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Source: Bloomberg
Shares of Housing Development Finance Corporation rose as much as 2.1 percent to hit an all-time high at Rs 2,365.95.
Among the 41 analysts tracked by Bloomberg, 36 have a ‘Buy’ call on the stock while have a ‘Hold’ call and the remaining two analysts have a ‘Sell’ call. The analysts consensus 12-month price target tracked by Bloomberg was at Rs 2,520.91, implying a potential upside of 7 percent from the current market price.
The stock traded at 30 times its estimated earnings per share for the coming year, Bloomberg data showed.
Shares of the IT services provider rose as much as 9.6 percent to Rs 393 each.
The Ahmedabad-based firm sold its stake in Majesco (USA) for $15.94 million, according to an exchange filing. This will help the firm’s U.K. unit to drive its growth strategy, the filing said.
The trading volume was more than five times the 20-day average for this of the day, Bloomberg data showed.
Bajaj Finance has decided not to participate in RBL Bank's fund raising plans through preference shares, citing difficulty in receiving Reserve Bank of India's approval. That's accoding to the Mumbai-based bank's exchange filing.
Of the planned Rs 825 crore fund raise, Bajaj Finance Ltd. was set to invest nearly Rs 150 crore at Rs 340 per share.
Indian equity benchmarks extended opening gains and traded higher.
The S&P BSE Sensex rose 0.98 percent or 400 points to 40,980 and the NSE Nifty 50 rose 0.86 percent to 12,0.74. The broader markets represented by the NSE Nifty 500 Index rose 0.83 percent.
Indian equity benchmarks extended opening gains and traded higher.
The S&P BSE Sensex rose 0.8 percent to 40,911 and the NSE Nifty 50 rose 0.67 percent to 12,052. The broader markets represented by the NSE Nifty 500 Index rose 0.67 percent.
Shares of Corporation Bank extended gains for the second straight trading session. The stock rose as much as 15.8 percent, the most since Nov. 19, to Rs 27.50.
The stock returned 6 percent in the past five trading sessions and advanced 60 percent in the past 30 days, according to Bloomberg data.
Shares of PC Jeweller extended gains for the second consecutive trading session. The stock rose as much as 7.6 percent to Rs 25.45.
The stock advanced 17 percent in two trading sessions. Prior to Thursday’s trade, the scrip declined for five consecutive trading session and had hit a record low of Rs 21.45 pm Dec. 11.
Nifty’s 12,100 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. 20, rose 66.72 percent to Rs 52.10. Over 5.51 lakh shares were added to the open interest which stood at over 12.63 lakh shares.
Indian equity benchmarks extended gains for the third consecutive trading session.
The S&P BSE Sensex rose 0.71 percent to 40,869 and the NSE Nifty 50 rose 0.6 percent to 12,043. The broader markets represented by the NSE Nifty 500 Index rose 0.67 percent.
Shares of Simplex Infrastructures fell as much as 3.8 percent to Rs 33.25.
CARE Ratings revised its ratings for banking facilities and NCDs aggregating to Rs 10,995 crore to ‘Default (CARE D)’.
The revision in the ratings of Simplex Infrastructures was due to the recent instance of delay by the company in repayment of non-convertible debenture after the put option was exercised by one of the investors as well as overdraws reported by few bankers.
“The liquidity profile of the company continues to be under stress on account of continued elongation in already high collection period and high working capital cycle,” the rating agency said in a statement.
Shares of Dr. Reddy’s Laboratories fell as much as 4.1 percent, the most since Sept. 23, 2019, to Rs 2,787.20.
Amneal Pharmaceuticals Inc. has pipped Dr. Reddy’s Laboratories to launch the first generic of a vaginal ring to prevent pregnancy in the U.S., one of the largest markets for most Indian drugmakers. (Read the full story here)
Trading volume was more than six times its 20-day average, according to Bloomberg data. The stock declined 3.1 percent in the past five days and returned 1.4 percent in the past 30 days, according to Bloomberg data.
Shares of Tata Motors extended gains for the third consecutive trading session. The stock rose as much as 4.6 percent to Rs 181.35.
Tata Sons increased their stake in the company to 39.52 percent from 35.3 percent. The total promoter stake in the company increased to 42.39 percent from 38.37 percent.
Tata Motors traded at 67 times its estimated earnings per share for the coming year, according to Bloomberg data. The scrip advanced 5.6 percent in the past 12 months compared to a 13 percent rally in the Sensex.
Shares of the state-run bank extended gains for the second consecutive trading session. The stock rose as much as 18.8 percent, the most in over three weeks, to Rs 18.
Trading volume was nearly three times its 20-day average, according to Bloomberg data. Of the shares traded, 56 percent were at the ask price and 38 percent were at the bid.
The stock was the best performer on NSE Nifty 500 Index.
Indian equity benchmarks opened higher, extending gains for the third consecutive trading session.
The S&P BSE Sensex rose 0.56 percent to 40,811 and the NSE Nifty 50 rose 0.53 percent to 12,034. The broader markets represented by the NSE Nifty 500 Index rose 0.5 percent.
The market breadth was tilted in favour of buyers. About 1,003 stocks advanced and 479 shares declined on National Stock Exchange.
Ten out of 11 sectoral gauges compiled by NSE traded higher, led by the NSE Nifty Metal Index’s 2.3 percent advance. On the flipside, the NSE Nifty Pharma Index was the only sectoral loser, down 0.63 percent.
Indian equity benchmarks are headed for a positive start.
The S&P BSE Sensex rose 0.41 percent to 40,720 during the pre-market trade and the NSE Nifty 50 rose 0.7 percent to 12,057.
Amneal Beats Dr. Reddy’s In Race For A Billion-Dollar Drug
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