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Indian indices registered their steepest fall in three weeks, led by the declines in HDFC Bank Ltd., HDFC Ltd. and Reliance Industries Ltd.
The S&P BSE Sensex fell 1.1 percent, the most since Jan. 6, 2019, to 41,155.12 and the NSE Nifty 50 fell 1.06 percent to 12,119. The broader markets represented by the NSE Nifty 500 Index fell 0.83 percent.
The market breadth was tilted in favour of sellers. About 1,067 stocks declined and 729 shares advanced on National Stock Exchange.
Ten out of 11 sectoral gauges compiled by NSE ended lower, led by the NSE Nifty Metal Index’s 3.1 percent fall. On the flipside, the NSE Nifty Pharma Index was the only sectoral gainer, up 1.5 percent.
Shares of Sun Pharma Advanced Research extended gains for the third consecutive trading sessions. The stock rose as much as 8.3 percent to Rs 201.25, the highest since March 19, 2019.
Trading volume was more than double its 20-day average, Bloomberg data showed. The Relative Strength Index was above 70, indicating that the stock may be overbought.
Wockhardt
La Opala RG
Prestige Estates Projects
Key Earnings highlights (Q3, YoY)
Cholamandalam Investment & Finance
About 17 lakh shares of ICICI Prudential Life Insurance changed hands in a large trade, Bloomberg data showed. Buyers and sellers were not known immediately.
Shares of the company rose for the sixth consecutive trading session. The stock rose as much as 2.6 percent to Rs 533.35.
Indian stocks extended declines to trade at day’s low.
The S&P BSE Sensex fell 1 percent to 41,193 and the NSE Nifty 50 fell 0.98 percent to 12,128.50. The broader markets represented by the NSE Nifty 500 fell 0.73 percent.
Thyrocare Technologies
APL Apollo Tubes
Atul
Shares of Dish TV India fell 1.4 percent to Rs 14.10. The stock had declined as much as 2.8 percent earlier.
About 90 lakh shares of the company changed hands in a large trade, Bloomberg data showed. Buyers and sellers were not known immediately.
Deepening fears about the economic and human impact of the deadly coronavirus sent stocks, crude oil and China’s yuan tumbling Monday, and spurred haven assets.
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Source: Bloomberg
Shares of the drugmaker surged 15 percent intraday to Rs 343.65 apiece. The company reported a net profit of Rs 9.6 crore for the December quarter compared with a loss of Rs 71.7 crore in the year-ago period.
The relative strength index on the stock was above 70, indicating it may be overbought.
Indian stocks extended morning declines to trade at day’s low.
The S&P BSE Sensex fell 0.66 percent to 41,341 and the NSE Nifty 50 fell 0.68 percent to 12,166.20. The broader markets represented by the NSE Nifty 500 Index fell 0.44 percent.
About 40 lakh shares of La Opala RG changed hands in a large trade, Bloomberg data showed. Buyers and sellers were not known immediately.
Shares of Dr. Reddy's Laboratories fluctuated between gains and losses to trade 1.9 percent higher at Rs 3,088.80 after announcing December quarterly results.
Key Earnings Highlights (Q3, YoY)
About 12.6 lakh shares of Yes Bank changed hands in a large trade, Bloomberg data showed. Buyers and sellers were not known immediately.
Shares of Zuari Agro Chemicals extended gains for the second consecutive trading session. The stock rose as much as 14 percent, the most since Jan. 8, 2020, to Rs 118.90.
The stock returned 23.4 percent so far this year and slumped 48.3 percent in the past 12 months.
Shares of CreditAccess Grameen extended gains for the fourth consecutive trading session. The stock rose as much as 3.3 percent to hit an all-time high at Rs 864.70.
Trading volume was more than two times its 20day average, Bloomberg data showed. The Relative Strength Index was above 70, indicating that the stock may be overbought.
Prestige Estates Projects (Q3, YoY)
Emkay Global Financial Services (Q3, YoY)
Wendt (Q3, YoY)
Nifty’s 12,200 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 Jan. 30, fell 45.49 percent to Rs 58.90. About 18.53 lakh shares were added to the open interest which stood at over 46.63 lakh shares.
Indian stocks traded lower, halting their two-day gaining streak.
The S&P BSE Sensex fell 0.46 percent to 41,413 and the NSE Nifty 50 fell 0.52 percent to 12,185.90. The broader markets represented by the NSE Nifty 500 Index fell 0.3 percent.
Shares of Varun Beverages extended gains for the fourteenth consecutive trading session, on track for its record gaining streak since its listing. The stock rose as much as 0.9 percent to hit a new all-time high at Rs 857.75.
The company plans to consider raising capital via QIP on Feb. 7.
The Relative Strength Index was at 87, indicating that the stock may be overbought, Bloomberg data showed. The scrip returned 20.4 percent so far this year and advanced 66.6 percent in the past 12 months.
Shares of Vodafone Idea fell as much as 4.1 percent to Rs 5.80.
India Ratings and Research on Friday downgraded the rating of Rs 3,500 crore non-convertible debentures of the company on account of liabilities related to adjusted gross revenue dues, according to a PTI report.
The stock declined 70 percent in the past 12 months compared to a 16 percent rally in the Sensex.
Shares of Biocon halted its two-day gaining streak. The stock fell as much as 2.8 percent to Rs 286.
The U.S. Food and Drug Administration conducted a pre-approval inspection and good-manufacturing practice inspection of the API manufacturing facility of the durgmaker between Jan. 20 and Jan. 24 and issued Form-483 with five observations, according to the company’s statement to the exchanges.
“Biocon will respond to the FDA with a Corrective and Preventive Action Plan (CAPA) and are confident of addressing these observations expeditiously,” the statement added.
Form 483 is used by the FDA to document and communicate concerns discovered during plant inspections.
Indian stocks opened lower, led by the declines in HDFC Bank Ltd. and Reliance Industries Ltd.
The S&P BSE Sensex fell 0.43 percent to 41,438 and the NSE Nifty 50 fell 0.46 pecent to 12,191. The broader markets represented by the NSE Nifty 500 Index fell 0.4 percent.
The market breadth was tilted in favour of sellers. About 859 stocks declined and 527 shares advanced on National Stock Exchange.
All the 11 sectoral gauges compiled by NSE traded lower, led by the NSE Nifty Metal Index’s 1.8 percent fall.
GHCL
Indian stocks are set to open higher.
The S&P BSE Sensex rose 0.12 percent to 41,661 during the pre-market trade and the NSE Nifty 50 rose 0.6 percent to 12,335.
Prestige Estates Projects (Q3, YoY)
Emkay Global Financial Services (Q3, YoY)
Wendt (Q3, YoY)
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