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Shares of Adani Ports and Special Economic Zone rose as much as 2.4 percent to Rs 376 after announcing December quarter results.
Key Earnings Highlights (Q3, YoY)
Affle India
Chalet Hotels
Hero MotoCorp
Hindalco
Shares of IRCTC rose as much as 10.6 percent to hit an all-time high at Rs 1.383.90.
“Competition Commission of India has absolved Indian Railways and its arm IRCTC Ltd. of allegations of unfair market practices,” according to a PTI report.
“The order came after the regulator in November 2018, ordered a detailed probe into the allegations of abuse of dominant market position against Ministry of Railways and IRCTC for charging higher price than actual base fare on the sale of e-tickets,” the report said.
Thyrocare Technologies
Indian Energy Exchange
Manappuram Finance
Bajaj Holdings & Investments
Shares of Titan rose as much as 6.9 percent to Rs 1,268 after the company announced December quarter results.
Key Earnings Highlights (Q3, YoY)
Shares of Bajaj Electricals fell as much as 1.4 percent to Rs 370.15 after announcing December quarter results.
Key Earnings Highlights (Q3, YoY)
Shares of Punjab National Bank rose 1.9 percent to Rs 58.40 after the company announced December quarter results.
Key Earnings Highlights (Q3, YoY)
Budget 2020: Higher Tax To Hurt ITC’s Cigarette Sales
The rebound witnessed in markets is ‘purely’ cyclical as markets bottomed out last week on account of lacklustre budget and coronavirus scare. That’s according to Chakri Lokapriya, Managing Director, TCG Asset Management.
“The rebound over last two days reflects the view that India is at a cyclical economic bottom and markets being forward looking they are beginning to stabilize,” Lokapriya told BloombergQuint.
Shares of Piramal Enterprises rose as much as 6.8 percent, the most since Jan. 17, 2020, to Rs 1,429 after the company announced its quarterly results for the three months ended December.
Key Earnings Highlights (Q3, YoY)
About 14.1 lakh shares of Lemon Tree Hotels changed hands in a large trade, Bloomberg data showed. Buyers and sellers were not known immediately.
Asian equities rose with U.S. futures and China’s stocks stabilized after Monday’s slide as investors gauge efforts to contain the coronavirus and awaited potential responses from policymakers.
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Source: Bloomberg
Indian equities advanced for the second consecutive trading session and traded at day’s high.
The S&P BSE Sensex rose as much as 2.08 percent to 40,702.22 and the NSE Nifty 50 rose as much as 2.09 percent to 11,953. The broader markets represented by the NSE Nifty 500 Index rose as much as 1.9 percent.
Corrects earlier headline that misstated Nifty was above 12,950
Shares of Sun Pharmaceutical Industries rose as much s 4.6 percent to Rs 185.40 after the company’s U.S. subsidiary Taro Pharma announced December quarter results.
Key Earnings Highlights (Taro Pharma) (Q3, YoY)
Shares of Bajaj Auto extended declines to trade at day’s low. The stock fell as much as 3.2 percent to Rs 3,180.
That came after the two-wheeler maker sold a total of 3,94,473 units last month, a fall of 3 percent from January 2019, according to its stock exchange filing.
Key Highlights (YoY):
Indian equities advanced for the second consecutive trading session and traded at day’s high.
The S&P BSE Sensex rose as much as 1.92 percent to 40,638.71 and the NSE Nifty 50 rose as much as 1.91 percent to 11,931.30. The broader markets represented by the NSE Nifty 500 Index rose as much as 1.74 percent.
About 10 lakh shares of Yes Bank changed hands in a large trade, Bloomberg data showed. Buyers and sellers were not known immediately.
Shares of Aegis Logistics resumed gains after a one-day blip. The stock rose as much as 14 percent, the most since February 2017, to Rs 234.50, the highest level since May 2019.
Trading volume was more than six times its 20-day average, Bloomberg data showed. The scrip returned 11 percent in the past five days and advanced 20 percent in the past 30 days.
Shares of Honeywell Automation India rose as much a 14.9 percent, the most since December 2017, to hit an all-time high at Rs 31,890 after the company announced December quarter results.
Key Earnings Highlights (Q3, YoY)
Indian equities advanced for the second consecutive trading session and traded at day’s high.
The S&P BSE Sensex rose as much as 1.64 percent to 40,524.70 and the NSE Nifty 50 rose as much as 1.6 percent to 11,895.70. The broader markets represented by the NSE Nifty 500 Index rose as much as 1.45 percent.
About 35 lakh shares of ICICI Bank changed hands in two large trades, Bloomberg data showed. Buyers and sellers were not known immediately.
Shares of the private lender rose as much as 2.8 percent to Rs 529.90
Nifty’s 11,800 call option contract was among the most active Nifty option contracts on National Stock Exchange.
Premium on the contract, which is set to expire today, rose 213.90 percent to Rs 86.95. About 1.56 lakh shares were removed from the open interest which stood at over 21.96 lakh shares.
Indian equities advanced for the second consecutive trading session, led by the gains in Reliance Industries Ltd. and HDFC Bank Ltd.
The S&P BSE Sensex rose as much as 1.16 percent to 40,336.22 and the NSE Nifty 50 rose as much as 1.13 percent to 11,840.35. The broader markets represented by the NSE Nifty 500 Index rose as much as 1.1 percent.
Deepak Nitrite (Q3, YoY)
GlaxoSmithKline Pharmaceuticals (Q3, YoY)
Shriram Transport Finance (Q3, YoY)
Affle (India) (Q3, YoY)
AstraZeneca Pharma (Q3, YoY)
SRF (Q3, YoY)
Ujjivan Financial Services (Q3, YoY)
Shares of Bajaj Auto fell as much as 1.2 percent to Rs 3,245.
That came after the two-wheeler maker sold a total of 3,94,473 units last month, a fall of 3 percent from January 2019, according to its stock exchange filing.
Key Highlights (YoY):
Shares of Tata Consultancy Services rose as much as 1.6 percent to Rs 2,136.70.
The country’s largest software developer has expanded partnership with Walgreens Boots Alliance for digital solutions. The 10-year deal is valued at $1.5 billion. Walgreens Boots Alliance owns pharma manufacturing, wholesale and distribution companies.
The stock traded at 24 times its estimated earnings per share for the coming year, according to Bloomberg data.
Shares of Manappuram Finance fell as much as 5.4 percent, the most in over four months, to Rs 174.10.
About 3.77 crore shares or 4.5 percent equity of the company changed hands in five large trades, Bloomberg data showed.
While buyers and sellers were not known immediately, Baring India Private Equity Fund II had planned to offer 4.2 crore shares (5 percent) of the company in an accelerated book-building with a floor price of Rs 172 per share, which is at a discount of 6.57 percent to the last closing prices.
Baring Fund has 8.76 percent stake in the company as per latest exchange filings, according to Bloomberg report.
Indian indices opened higher, extending gains for the second consecutive trading session.
The S&P BSE Sensex rose nearly 1 percent to 40,251 and the NSE Nifty 50 rose 0.87 percent to 11,810. The broader markets represented by the NSE Nifty 500 Index rose 0.79 percent.
The market breadth was tilted in favour of buyers. About 1,081 stocks advanced and 350 shares declined on National Stock Exchange.
Ten out of 11 sectoral gauges compiled by NSE traded higher led by the NSE Nifty IT Index’s 0.95 percent gain. On the flipside, the NSE Nifty Realty Index was the top sectoral loser, down 0.1 percent.
Indian stocks are set to open higher.
The S&P BSE Sensex rose 0.98 percent to 40,262 during the pre-market trade and the NSE Nifty 50 rose 0.95 percent to 11,815.
Deepak Nitrite (Q3, YoY)
GlaxoSmithKline Pharmaceuticals (Q3, YoY)
Shriram Transport Finance (Q3, YoY)
Affle (India) (Q3, YoY)
AstraZeneca Pharma (Q3, YoY)
SRF (Q3, YoY)
Ujjivan Financial Services (Q3, YoY)
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