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Indian stocks resume gains after a one day blip, led by the gains Reliance Industries Ltd. and Kotak Mahindra Bank Ltd.
The S&P BSE Sensex rose 0.14 percent to end at 41.932.56 and the NSE Nifty 50 rose 0.09 percent to close at 12,355.50. The broader markets represented by the NSE Nifty 500 Index rose 0.23 percent.
The 30-share index crossed a new milestone in the opening trade—surpassing 42,000 for the first time. The 50-stock gauge had hit an all-time high at 12,389.05.
The market breadth was tilted in favour of buyers. About 1,058 stocks advanced and 729 shares declined on National Stock Exchange.
Ten out of 11 sectoral gauges compiled by NSE ended higher, led by the NSE Nifty Media Index’s 1.44 percent gain. On the flipside, the NSE Nifty Metal Index was the only sectoral loser, down 1.25 percent.
Den Networks
Alphageo
Max Financial Services
MSTC
Wockhardt
Cochin Shipyard
Shoppers Stop
Emami
BASF India
Shares of IRCTC extended gains for the sixth consecutive trading session. The stock rose as much as 2 percent to cross Rs 1,000 apiece-mark.
The Relative Strength Index was above 70, indicating that the stock may be overbought.
American equity futures edged higher and European shares fluctuated in the wake of the signing of the U.S.-China trade deal, expectations for which had driven global stocks to record highs.
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Source: Bloomberg
Indian stocks fluctuated between gains and losses.
The S&P BSE Sensex rose 0.14 percent to 41,932 and the NSE Nifty 50 rose 0.1 percent to 12,356. The broader markets represented by the NSE Nifty 500 index rose 0.24 percent.
Shares of DLF extended gains for the eighth consecutive trading session and are set for their longest gaining streak in over six months.
The stock rose as much s 0.8 percent to Rs 257.85, the highest since Jan. 24, 2018.
The Relative Strength Index was above 70, indicating that the stock may be overbought, according to Bloomberg data. The scrip returned 8 percent in the past five days and 12 percent in the past 30 days.
Sterlite Tech (Q3, QoQ)
Den Networks (Q3, YoY)
Plastiblends (Q3, YoY)
Reliance Industrial Infrastructure (Q3, YoY)
Tinplate Company of India (Q3, YoY)
Nifty’s 12,400 put option contract was among the most active Nifty option contracts on National Stock Exchange.
Premium on the contract, which is set to expire today, fell 81.48 percent to Rs 2.25. About 29.69 lakh shares were added to the open interest which stood at over 50.17 lakh shares.
Indian stocks erase gains after crossing new milestones in the opening trade.
The S&P BSE Sensex and the NSE Nifty traded little changed at 41,858 and 12,329 respectively. The broader markets represented by the NSE Nifty 500 Index, too, traded little changed.
Shares of GMR Infrastructure rose as much as 3.8 percent to Rs 24.85.
The company has planned to divest 49 percent in airports business compared to 44.4 percent planned earlier, according to its statement on the exchanges, adding that it will raise transaction with Tata Group and GIC.
Besides, about 10 lakhs shares of the company changed hands in a large trade, Bloomberg data showed. Buyers and sellers were not known immediately.
Shares of Oil & Natural Gas Corporation swung from a gain of as much as 0.4 percent to fall as much as 0.3 percent.
About 10 lakh shares of the company changed hands in a large trade, Bloomberg data showed. Buyers and sellers were not known immediately.
Shares of Adani Green Energy hit their lower circuit of 5 percent for the fifth consecutive trading session. Prior to Jan. 10, the stock had risen for nine consecutive trading sessions.
The stock declined 23 percent in the past five days and advanced 34 percent in the past 30 days, according to Bloomberg data.
Shares of Asian Paints extended gains for the eight consecutive trading session and are set for their longest gaining streak since April 2017.
The stock rose as much as 0.3 percent to hit an all-time high at Rs 1,848.
The company said that it is examining Competition Commission of India’s order and will take appropriate legal recourse. The company added that it will extend full cooperation to CCI. The CCI had directed investigation against the paintmaker on a complaint made by JSW Paints.
The shares traded at 60 times its estimated earnings per share for the coming year according to Bloomberg data.
Shares of VA Tech Wabag extended gains for the second consecutive trading session. The stock rose as much as 11.3 percent, the most since Jan. 3, to Rs 237.75.
Of the shares traded, 41 percent were at the ask price and 39 percent were at the bid, according to Bloomberg data. The stock traded at 13 times its estimated earnings per share for the coming year, according to Bloomberg data.
Indian stocks opened marginally higher, resuming gains after a one-day blip.
The S&P BSE Sensex rose 0.3 percent to cross 42,000 and the NSE Nifty 50 rose 0.25 percent to 12,373. The broader markets represented by the NSE Nifty 500 Index rose 0.28 percent.
The market breadth was tilted in favour of buyers. About 1,033 stocks advanced and 449 shares declined on National Stock Exchange.
Ten out of 11 sectoral gauges compiled by NSE traded higher, led by the NSE Nifty Realty Index’s 0.75 percent gain. On the flipside, the NSE Nifty Media Index was the only sectoral loser, down 0.21 percent.
All the transactions are subject to regulatory approvals and are expected to be completed by the fourth quarter of fiscal year 2020.
Indian stocks are set to open higher.
The S&P BSE Sensex rose 0.08 percent to 41,905.83 during the pre-market trade and the NSE Nifty 50 rose 0.05 percent to 12,348.55.
Sterlite Tech (Q3, QoQ)
Den Networks (Q3, YoY)
Plastiblends (Q3, YoY)
Reliance Industrial Infrastructure (Q3, YoY)
Tinplate Company of India (Q3, YoY)
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