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Indian equities ended a topsy-turvy session lower, resuming declines after a one-day breather.
The S&P BSE Sensex fell 0.37 percent to end at 41,170.12 and the NSE Nifty 50 fell 0.37 percent to close at 12,080. The broader markets represented by the NSE Nifty 500 Index fell 0.12 percent.
The market breadth was tilted in favour of buyers. About 937 stocks advanced and 864 shares declined on National Stock Exchange.
Six out of 11 sectoral gauges compiled by NSE ended higher, led by the NSE Nifty PSU Bank Index’s 1 percent gain. On the flipside, the NSE Nifty IT Index was the top sectoral loser, down 0.73 percent.
Jyothy Labs
IndiaMART InterMESH
Eris Lifesciences
Tata Communications
Mishra Dhatu Nigam
Indiabulls Housing Finance
Thomas Cook India
Muthoot Finance
Brigade Enterprises
Bloomberg Reports Citing People Familiar With The Matter
Stocks came under pressure in Asia, and U.S. and European equity futures fluctuated after Japan reported two deaths from the coronavirus and cases in South Korea jumped, spurring concerns about the spread of the disease outside China.
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Source: Bloomberg
Shares of Escorts fell as much as 6.3 percent, the most since Dec. 3, 2019, to Rs 852.40.
Of the shares traded, 35 percent were at the ask price and 44 percent were at the bid, according to Bloomberg data. The scrip traded at 18 times its estimated earnings per share for the coming year.
SBI Cards and Payment Services Ltd. plans to open the books to all investors for its Indian initial public offering on March 2, Bloomberg reported quoting the terms of the deal it obtained.
Source: Terms of the deal obtained by Bloomberg
Buyers and sellers were not known immediately.
Source: Bloomberg
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 Feb. 20, rose 10.69 percent to Rs 36.75. About 10.69 lakh shares were added to the open interest which stood at over 26.19 lakh shares.
Indian equities fluctuated between gains and losses in the early trade.
The S&P BSE Sensex and the NSE Nifty 50 traded little changed at 41,313 and 12,125 respectively. The broader markets represented by the NSE Nifty 500 Index rose 0.14 percent.
Shares of Bandhan Bank swung from a gain of as much as 1.5 percent to fall as much as 1.2 percent to Rs 410.10.
About 16.7 lakh shares of the company changed hands in a large trade, Bloomberg data showed. Buyers and sellers were not known immediately.
The scrip traded at 19 times its estimated earnings per share for the coming year, according to Bloomberg data.
Shares of Dewan Housing Finance Corporation hit their upper circuit of 5 percent at Rs 11.25 after announcing third quarter results.
Key Earnings Highlights (Q3)
Source: Bloomberg
Shares of Thomas Cook India rose as much as 15.5 percent, the most since Dec. 5, 2019, to Rs 47.65.
The company plans to consider repurchasing of shares on Feb. 26.
Trading volume was more than 40 times its 20-day average, Bloomberg data showed. Of the shares traded, 25 percent were at the ask price and 72 percent were at the bid.
Shares of GAIL India halted their two-day gaining streak. The stock fell as much as 1.1 percent to Rs 118.50.
The company clarified that it had received provisional assessment orders towards AGR dues worth Rs 1.83 lakh crore. The company said that telecom dues matter under examination and the amount assessed in the telecom dues order is legally not tenable. The company has filed an application with Supreme Court on Jan. 23 for seeking clarification of judgment passed.
The scrip declined 25 percent in the past 12 months compared to a 17 percent gain in the Sensex.
Shares of IRCTC extended gains for the third consecutive trading session. The stock rose as much as 5.6 percent to hit an all-time high at Rs 1,935.15.
The Relative Strength Index was at 83, indicating that the stock may be overbought, Bloomberg data showed. The scrip advanced 16 percent in the past five days and advanced 84 percent in the past 30 days.
Indian equities opened lower, resuming declines after a one-day breather.
The S&P BSE Sensex fell 0.1 percent to 41,291 and the NSE Nifty 50 fell 01 percent to 12,113. The broader markets represented by the NSE Nifty 500 Index fell 0.05 percent,
Nine out of 11 sectoral gauges compiled by NSE traded lower, led by the NSE Nifty Metal Index’s 0.6 percent fall. On the flipside, the NSE Nifty Pharma Index was the top sectoral gainer, up 0.8 percent.
Indian equities are set to open higher.
The S&P BSE Sensex rose 0.4 percent to 41,507 during the pre-market trade and the NSE Nifty 50 rose 0.2 percent to 12,145.
Religare Enterprises
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