Get App
Download App Scanner
Scan to Download
Advertisement
LIVE UPDATES

Sensex Resumes Rally After One-Day Blip

Read Time: 1 min
Share
Sensex Resumes Rally After One-Day Blip
Traders work on the trading floor of the Motilal Oswal Financial Services office in Mumbai. (Photographer: Vivek Prakash/Bloomberg)
7 years ago
Catch all the live updates of share prices, index moves, corporate announcements and more from Indian equity markets. 
Feb 25, 2019 15:38 (IST)
Link Copied
Share

Feb 25, 2019 15:23 (IST)
Link Copied
Share

WABCO India

  • Stock rose as much as 5.6 percent to Rs 6,240.05
  • Trading volume was almost six times its 20-day average.

Motherson Sumi

  • Stock rose as much as 12.1 percent to Rs 160.90.
  • Trading volume was more than six times its 20-day average.

DCM Shriram

  • Stock rose as much as 9 percent to Rs 398.60.
  • Trading volume was more than five time its 20-day average.

Sundaram-Clayton

  • Stock rose as much as 16.9 percent to Rs 2,882.25.
  • Trading volume was more than triple its 20-day average.

Feb 25, 2019 14:40 (IST)
Link Copied
Share

Feb 25, 2019 14:14 (IST)
Link Copied
Share

Feb 25, 2019 13:54 (IST)
Link Copied
Share

Feb 25, 2019 13:40 (IST)
Link Copied
Share

Feb 25, 2019 12:36 (IST)
Link Copied
Share

China Stocks’ Trillion-Dollar Rally Pushes Another Index Toward Bull Market

Feb 25, 2019 12:14 (IST)
Link Copied
Share

Bengaluru-based Bharat Electronics Ltd. received export orders valued about $33 million from Israel-based Elbit Systems ElectroOptics Elop, according to its stock exchange filing.

Shares of the company fluctuated between gains and losses to trade 0.5 percent lower at Rs 78.10.

Feb 25, 2019 12:09 (IST)
Link Copied
Share

Feb 25, 2019 11:25 (IST)
Link Copied
Share

CLSA

  • Maintained ‘Buy’ with a price target of Rs 475.
  • Acquires Adani’s agriculture logistics from group at premium valuation.
  • Funding is not a problem as its post-acquisition leverage will be 0.72 times.
  • Will group merge more assets into Adani Ports—a key client concern.

JPMorgan

  • Maintained ‘Overweight’ with a price target of Rs 430.
  • Expensively priced inter-group deal on FY20 basis, synergies kick-off starting FY21.
  • Management does not see any other Adani group asset that overlaps with port/logistics business aside.
  • Expect a negative stock reaction to this instance of inter-group M&A.

Citi

  • Downgraded to ‘Neutral’ from ‘Buy’; cut price target to Rs 385 from Rs 500.
  • Downgrade as acquisition appears expensive and raises questions on capital allocation.
  • Acquisition might lead to resurgence of investor concern around related party transaction.
  • Underlying operations are of high quality and stock valuations are reasonable.

Feb 25, 2019 11:11 (IST)
Link Copied
Share

Nifty’s 10,800 option contract was among the most active Nifty option contracts on National Stock Exchange.

Premium on the contract fell 20.78 percent to Rs 51.10. Over 6.19 lakh shares were added to the open interest which stood at over 28.99 lakh shares.

Feb 25, 2019 10:58 (IST)
Link Copied
Share

About 10.4 lakh shares of ITC changed hands in a single block, Bloomberg data showed. Buyers and sellers were not known immediately.

Feb 25, 2019 10:45 (IST)
Link Copied
Share

Feb 25, 2019 10:03 (IST)
Link Copied
Share

Jet Airways’ Shareholders Approve Debt Recast Plan

Feb 25, 2019 09:57 (IST)
Link Copied
Share

Feb 25, 2019 09:43 (IST)
Link Copied
Share

Feb 25, 2019 09:29 (IST)
Link Copied
Share

Feb 25, 2019 09:21 (IST)
Link Copied
Share

Feb 25, 2019 09:03 (IST)
Link Copied
Share

Feb 25, 2019 08:41 (IST)
Link Copied
Share

BQEdge | This ICICI Group Stock Is Poised For A Comeback

Feb 25, 2019 08:38 (IST)
Link Copied
Share

Feb 25, 2019 08:05 (IST)
Link Copied
Share

F&O Cues
  • Nifty February futures closed trading at 10809, premium of 17 points.
  • Max OI for February series at 11,000 Call, OI at 41.1 lakh shares.
  • Max OI for February series at 10,700 Put, OI at 35.8 lakh shares.

Stocks In F&O Ban

  • In Ban: Adani Enterprises, Adani Power, Allahabad Bank, IDBI, Jet Airways, Reliance Power, PC Jeweller
  • Out of Ban: Kaveri Seed, Reliance Capital, Reliance Infra.

Put-Call Ratio

  • Nifty PCR at 1.37 versus 1.38.
  • Bank Nifty PCR at 1.08 versus 1.26.
Feb 25, 2019 08:05 (IST)
Link Copied
Share

UBS On SBI

  • Upgraded to ‘Buy’ from ‘Neutral’; hiked price target to Rs 360 from Rs 330.
  • Lower credit costs and operating leverage to boost RoE to 13 percent.
  • Best positioned with strong retail liability franchise.
  • Expect 370 basis points decline in the cost to income ratio in the next financial year.

Motilal Oswal on Phoenix Mills

  • Maintained ‘Buy’ with a price target of Rs 708.
  • On-track execution; five new malls to drive rental growth.
  • Operational retail portfolio to double in four years.
  • Believe that Phoenix is a unique play in India’s retail growth story.

Morgan Stanley on Indian Metals

  • Steel companies’ earnings will accelerate led by domestic demand and price hikes.
  • Non-ferrous downgrades reflects earnings risk from commodity prices.
  • Coal India positives: firm e-auction prices, costs controls and net cash position.
  • Jindal Steel and Power: Upgraded to ‘Overweight’ from ‘Equal-weight’; hiked price target to Rs 188 from Rs 174.
  • JSW Steel: Upgraded to ‘Equal-weight’ from ‘Underweight’; hiked price target to Rs 296 from Rs 278.
  • SAIL: Upgraded to ‘Equal-weight’ from ‘Underweight’; hiked price target to Rs 54 from Rs 53.
  • Hindalco: Downgraded to ‘Equal-weight’ from ‘Overweight’; cut price target to Rs 211 from Rs 290.
  • Vedanta: Maintained ‘Equal-weight’; cut price target to Rs 176 from Rs 235.
  • Coal India: Maintained ‘Overweight’; cut price target to Rs 268 from Rs 296.

On Adani Ports

CLSA

  • Maintained ‘Buy’ with a price target of Rs 475.
  • Acquires Adani’s agriculture logistics from group at premium valuation.
  • Funding is not a problem as its post-acquisition leverage will be 0.72 times.
  • Will group merge more assets into Adani Ports—a key client concern.

JPMorgan

  • Maintained ‘Overweight’ with a price target of Rs 430.
  • Expensively priced inter-group deal on FY20 basis, synergies kick-off starting FY21.
  • Management does not see any other Adani group asset that overlaps with port/logistics business aside.
  • Expect a negative stock reaction to this instance of inter-group M&A.

Citi

  • Downgraded to ‘Neutral’ from ‘Buy’; cut price target to Rs 385 from Rs 500.
  • Downgrade as acquisition appears expensive and raises questions on capital allocation.
  • Acquisition might lead to resurgence of investor concern around related party transaction.
  • Underlying operations are of high quality and stock valuations are reasonable.

Feb 25, 2019 08:05 (IST)
Link Copied
Share

  • Reliance Home Finance price band revised to 5 percent.
Feb 25, 2019 08:05 (IST)
Link Copied
Share

  • Kotak Mahindra Bank: ING Mauritius Investments sold 5.84 crore shares or 3.06 percent equity at Rs 1228.51 each.

    • IndInfravit Trust (No shareholding details given)

    • Omer Infra Asia Holdings acquired 8.28 crore shares at Rs 104.5 each.
    • ICICI Prudential Mutual Fund sold 1 crore shares at Rs 104.5 each.
    • L & T Transportation Infrastructure sold 26 lakh shares at Rs 104.5 each.
    • Larsen & Toubro sold 6.62 crore shares at Rs 104.5 each.
    • Yes Bank sold 26 lakh shares at Rs 104.5 each.

    Stride Pharma

    • Promoter Abusha Investment & Management Services sold 5 lakh shares or 0.56 percent equity at Rs 423 each.
    • Lifecell International acquired 5 lakh shares or 0.56 percent equity at Rs 423 each.

    Suprajit Engineering

    • Stewart Investors Asia Pacific Fund acquired 16.51 lakh shares or 1.18 percent equity at Rs 198.9 each.
    • Small Cap World Fund sold 30.63 lakh shares or 2.19 percent equity at Rs 198.9 each.
Feb 25, 2019 08:05 (IST)
Link Copied
Share

Media Reports
  • Three Mideast funds eye Reliance Capital’s $1 billion stake in asset management company. (Times of India)

Feb 25, 2019 08:05 (IST)
Link Copied
Share

  • Fed Chairman Jerome Powell delivers the semi-annual Humphrey-Hawkins hearing on monetary policy and discusses the state of the economy as well as testifying to the Senate Banking Committee.
  • U.K. Prime Minister Theresa May updates the House of Commons on Brexit talks as the March 29 deadline nears for Britain to leave the EU. Lawmakers will vote on Feb. 27.
  • President Donald Trump and North Korea leader Kim Jong Un are expected to meet for a second summit beginning on Tuesday.
  • Thursday brings fourth quarter U.S. GDP.
Feb 25, 2019 08:05 (IST)
Link Copied
Share

London Metal Exchange
  • Nickel resumed rally after a one-day blip, ended 1.1 percent higher.
  • Copper resumed rally after a one-day blip, ended 1.5 percent higher.
  • Aluminium ended higher for the third day, up 0.42 percent.
  • Lead ended higher for the third day, up 0.44 percent.
  • Tin ended higher for the fourth day, up 0.33 percent.
  • Zinc ended 1.53 percent higher.

Feb 25, 2019 08:05 (IST)
Link Copied
Share

Trump Extends China Tariff Deadline After ‘Substantial’ Progress

Feb 25, 2019 08:05 (IST)
Link Copied
Share

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email
Newsletter Preview

Videos

Watch
LIVE

News for You

Stock Market News Today Highlights: Nifty, Sensex Extend Gains For Second Day; Infosys Halts Nine-Day Losing Streak On Anthropic Deal

Stock Market News Today Highlights: Nifty, Sensex Extend Gains For Second Day; Infosys Halts Nine-Day Losing Streak On Anthropic Deal

Live TV
Apps
Social
Hello Reader
Sign In / Register
Set as Trusted Source
on Google Search