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Indian equities halted a two-day losing streak, led by the gains in Reliance Industries Ltd. and HDFC Ltd.
The S&P BSE Sensex rose 0.58 percent to close at 41,216.14 and the NSE Nifty 50 rose 0.63 percent to end at 12,107.90. The broader markets represented by the NSE Nifty 500 Index rose 0.42 percent.
The market breadth, however, was tilted in favour of sellers. About 962 stocks declined and 801 shares advanced on National Stock Exchange.
Nine out of 11 sectoral gauges compiled by the NSE ended higher, led by the NSE Nifty Media Index’s 1.63 percent gain. On the flipside, the NSE Nifty FMCG Index was the top sectoral loser, down 0.37 percent.
Chalet Hotels
Key Earnings Highlights (Q3, YoY):
Inox Leisure
Here are the key earnings highlights (Q3, YoY):
Sun TV Network
Wockhardt
Orient Refractories
Nalco
Whirlpool of India
BASF (Q3, YoY)
Siemens (Q1, YoY)
About 16.4 lakh shares of Tata Motors changed hands in a large trade, Bloomberg data showed. Buyers and sellers were not known immediately.
Shares of Parag Milk Foods extended declines for the third consecutive trading session. The stock fell as much as 16.9 percent to hit an all-time low at Rs 100.
Trading volume was more than nine times its 20-day average, Bloomberg data showed. The Relative Strength Index was below 30, indicating that the stock may be oversold.
U.S. and European stock futures climbed with Asian equities as investors pushed a gauge of global stocks close to reclaiming a record high ahead of commentary from Federal Reserve Chairman Jerome Powell.
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Source: Bloomberg
Mahindra & Mahindra Ltd. forecast 5-7 percent growth in tractor sales in the fourth quarter of the current financial year.
Key highlights from M&M management:
Indian equities gained, halting their two-day losing streak.
The S&P BSE Sensex rose 0.76 percent to 41,293 and the NSE Nifty 50 rose 0.86 percent to 12,134.70. The broader markets represented by the NSE Nifty 500 Index rose 0.61 percent.
Source: NCLT Proceedings
Avenue Supermarts Ltd. has raised Rs 4,098 crore from four investors. Shares of the company fell as much as 3.7 percent to Rs 2,392.
Here are the allotment details:
Shares of Bajaj Finance extended gains for the second consecutive trading session. The stock rose as much as 1.2 percent to hit an all-time high at Rs 4,780.
The Relative Strength Index was above 76, indicating that the stock may be overbought, Bloomberg data showed. The scrip returned 5.5 percent in the past five days and advanced 15 percent in the past 30 days.
Shares of Inox Leisure extended gains for the fourth consecutive trading session. The stock rose as much as 9.5 percent to hit an all-time high at Rs 486. The company had announced its December quarter results on Friday.
Here are the key earnings highlights (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 Feb. 13, rose 245.5 percent to Rs 32.65. About 44,700 shares were removed from the open interest which stood at over 23.67 lakh shares.
About 10 lakh shares of Dish TV India changed hands in a large trade, Bloomberg data showed. Buyers and sellers were not known immediately.
Indian equity advanced in today’s trade, halting their two-day losing streak.
The S&P BSE Sensex rose as much as 439 points or 1.07 percent to 41,418.64 and the NSE Nifty 50 rose as much as 1.09 percent to 12,162.05. The broader markets represented by the NSE Nifty 500 Index rose as much as 0.9 percent.
The market breadth was tilted in favour of buyers. About 1,083 stocks advanced and 476 shares declined on National Stock Exchange.
All the 11 sectoral gauges compiled by NSE traded higher, led by the NSE Nifty Metal Index’s 2 percent gain.
Chalet Hotels (Q3, YoY)
Phoenix Mills (Q3, YoY)
Indiabulls Real Estate (Q3, YoY)
NALCO (Q3, YoY)
Petronet LNG (Q3, QoQ)
Bajaj Consumer Care (Q3, YoY)
Shares of General Insurance Corporation of India fell for the second consecutive trading session. The stock fell as much as 8 percent, the most since Aug. 22, 2019, to Rs 245.
Trading volume was almost 10 times its 20-day average, Bloomberg data showed. Of the shares traded, 40 percent were at the ask price and 39 percent were at the bid.
Shares of Lakshmi Vilas Bank extended gains for the fourth consecutive trading session. The stock hit an upper circuit of 10 percent at Rs 19.80.
“The top executives of the lender submitted a list of potential investors to the Reserve Bank of India on Wednesday. The list included Singapore-based DBS Bank and Capri Global,” Business Standard reported on Feb. 7 quoting sources.
The bank, however, clarified that it is not aware of any such interest shown by companies, according to a stock exchange filing.
Trading volume was more than 30 times its 20-day average, Bloomberg data showed. The Relative Strength Index was above 70, indicating that the stock may be overbought.
Shares of Gujarat Pipavav Port rose as much as 2.5 percent to Rs 88.85.
About 21.7 lakh shares of the company changed hands in a large trade, Bloomberg data showed. Buyers and sellers were not known immediately.
The stock returned 6.2 percent in the past 12 months compared to a 12 percent gain in the Sensex.
Indian equities opened higher, halting their two-day losing streak.
The S&P BSE Sensex rose 0.77 percent to 41,290 and the NSE Nifty 50 rose 0.78 percent to 12,126.55. The broader markets represented by the NSE Nifty 500 Index rose 0.76 percent.
The market breadth was tilted in favour of buyers. About 976 stocks advanced and 406 shares declined on National Stock Exchange.
All the 11 sectoral gauges compiled by NSE traded higher, led by the NSE Nifty Metal Index’s 1.2 percent gain.
Indian stocks are set to open higher.
The S&P BSE Sensex rose 0.19 percent to 41,050 during the pre-market trade and the NSE Nifty 50 rose 0.73 percent to 12,118.95.
Chalet Hotels (Q3, YoY)
Phoenix Mills (Q3, YoY)
Indiabulls Real Estate (Q3, YoY)
NALCO (Q3, YoY)
Petronet LNG (Q3, QoQ)
Bajaj Consumer Care (Q3, YoY)
Delhi’s assembly election is likely to come to a decisive end today as counting begins at 8 a.m.
All prominent exit polls conducted after voting showed Arvind Kejriwal’s Aam Aadmi Party returning to power with a healthy majority. In the capital’s 70-member assembly, a party or alliance needs to secure 36 seats to form a government. In the 2015 elections, AAP had won 67 seats, the Bharatiya Janata Party 3 and the Congress drew a blank.
Catch all the live updates on Delhi election results here.
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