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Stocks declined in Europe and U.S. index futures dipped on Tuesday as the global rally in equities eased, with the sugar rush of a partial trade deal between the two largest economies fading and investors on the hunt for fresh catalysts.
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Source: Bloomberg
Shares of Hindustan Unilever fell as much as 1.3 percent to Rs 1,950.
Unilever’s Chief Executive Officer Alan Jope is falling short of his predecessor’s growth targets as the maker of Ben & Jerry’s ice cream and Dove soap succumbs to sluggish consumer demand, according to Bloomberg report.
“Sales gains will be slightly below guidance for 2019, and underlying growth will be in the lower half of the company’s multiyear range of 3-5 percent in 2020,” Bloomberg reported quoting the company.
Shares of Avenue Supermarts resumed gains after a one-day blip. The stock rose as much as 5.3 percent to Rs 1,865.
The stock returned 5.8 percent in the past five days and fell 1.8 percent in the past 30 days, according to Bloomberg data. The scrip traded at 85 times its estimated earnings per share for the coming year.
Shares of Kolte-Patil Developers rose as much as 19.3 percent, the most since June 29, 2019, to Rs 266.70.
The company sold of 500 units of Pune project with booking value of Rs 205 crore, according to its statement on the exchanges.
Trading volume was more than 20 times its 20-day average, Bloomberg data showed.
Indian equity benchmarks resumed gains after a one-day blip and are set to close at record highs.
The S&P BSE Sensex rose as much as 0.94 percent to hit an all-time high at 41,324.25 and the NSE Nifty 50 rose as much as 0.89 percent to hit record high at 12,160.70. The broader markets represented by the NSE Nifty 500 Index rose as much as 0.75 percent.
The NSE Nifty Bank Index, too, hit an all-time high at 32,213.35 after gaining as much as 0.75 percent.
NIIT Technologies
Federal-Mogul Goetze
Linde India
Shares of Maruti Suzuki rose as much as 1.9 percent to Rs 7,276.50 after BofA Securities upgraded the stock rating and hiked price target.
Here’s what the research firm had to say:
Indian equity benchmarks extended opening gains to trade at day’s high.
The S&P BSE Sensex rose as much as 370 points or 0.9 percent to hit an all-time high at 41,308.61. The NSE Nifty 50 rose as much as 0.86 percent to 12,157.50, about one-point away from its record high of 12,158.80. The broader markets represented by the NSE Nifty 500 Index rose as much as 0.73 percent.
The NSE Nifty Bank Index, too, hit an all-time high at 32,213.35 after gaining as much as 0.75 percent.
Shares of the IT services provider rose as much as 7.1 percent, the most since August, to Rs 1,577.50.
The Noida-based firm's board will consider proposal for share-buyback on Dec. 23, according to its exchange filing.
The trading volume was 14 times its 20-day average for this time of the day, Bloomberg data showed.
Shares of Hindustan Construction Company rose as much as 9.9 percent to Rs 11,70, while shares of Larsen & Toubro rose as much as 1.4 percent to 1,320.80.
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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. 19, rose 95.30 percent to Rs 70.70. Over 2.99 lakh shares were removed from the open interest which stood at over 20.04 lakh shares.
Indian equity benchmark—S&P BSE Sensex—crosses new milestone.
The 31-share index rose as much as 0.66 percent to hit an all-time high at 41,207.96 and the 50-stock gauge rose as much as 0.6 percent to 12,126.20. The broader markets represented by the NSE Nifty 500 Index rose 0.5 percent.
The NSE Nifty Bank Index, too, hit an all-time high at 32,197.60 after gaining as much as 0.7 percent.
The market breadth was tilted in favour of buyers. About 1,049 stocks advanced and 547 shares declined on National Stock Exchange.
Shares of Bosch rose as much as 2.9 percent to Rs 15,436.
About 3,66,900 shares of the company hanged hands in a block deal during pre-market, Bloomberg data showed. Buyers and sellers were not known immediately.
The stock rose 1.3 percent in the past five days and returned 0.8 percent in the last 30 days, according to Bloomberg data.
Shares of Reliance Industries rose as much as 0.8 percent to Rs 1,579.
The Mukesh Ambani-led conglomerate and BP Plc. signed a partnership agreement to jointly grow the Indian firm's network of petrol pumps to 5,500 from current 1,400, according to its statement. The venture is expected to be formed during the first half of 2020, subject to regulatory and other customary approvals.
Besides, RIL acquired 90.5 percent stake in Bengaluru-based education technology startup, Funtoot, for a cash consideration of Rs 71.64 crore.
The stock traded at 16.5 times its estimated forward earnings per share compared to a 15 times for the two-year historical average, Bloomberg data showed.
Indian equity benchmarks opened higher, resuming declines after a one-day blip.
The S&P BSE Sensex rose 0.25 percent to 41,041 and the NSE Nifty 50 rose 0.22 percent to 12,080. The broader markets represented by the NSE Nifty 500 Index rose 0.17 percent.
The market breadth was tilted in favour of buyers. About 871 stocks advanced and 532 shares declined on National Stock Exchange.
All the 11 sectoral gauges compiled by NSE traded higher, led by the NSE Nifty Metal Index’s 0.75 percent gain.
Indian equity benchmarks are set to open higher.
The S&P BSE Sensex rose 0.27 percent to 41,040 and the NSE Nifty 50 rose 0.16 percent to 12,073.
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