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Buyers and sellers were not immediately known
Source: Bloomberg
Shares of the Mumbai-based private sector lender fell as much as 1.15 percent to Rs 181 after its profit rose 51 percent in December quarter.
Key earnings highlights:
Shares of the Mumbai-based restaurants operator were locked in a 20 percent upper circuit at Rs 98.40 after its profit surged manifold in December quarter.
Key earnings highlights:
India’s largest lender State Bank of India (SBI) has put on sale its total loans to Essar Steel Ltd. worth Rs 15,431 crore, as per information on its auction website.
The minimum reserve price for the loans has been set at Rs 9,587 crore and the bank has disclosed that as per the ArcelorMittal resolution plan, approved by Essar Steel’s committee of creditors, the minimum recovery amount on these loans is Rs 11,313 crore.
Shares of the Delhi-based media company erased gains and fell as much as 4.10 percent to Rs 45.60 after its profit declined sharply in December quarter.
Key earnings highlights:
Shares of the Kolkata-based carbon black maker rose as much as 5.24 percent to Rs 213.95 after its profit nearly doubled in December quarter.
Key earnings highlights:
Buyers and sellers were not immediately known
Source: Bloomberg
BloombergQuint spoke to Citi Research Team on how the third quarter earnings season will pan out for corporate India. Below are the key highlights of the conversation:
Indian equity benchmarks were trading flat as gains in ICICI Bank, Reliance Industries and Infosys were offset by losses in ITC, HDFC and Kotak Mahindra Bank.
The Sensex rose 0.14 percent or 52 points to 36,370 and the Nifty 50 Index advanced 0.14 percent or 15 points to 10,902.
Fifteen of 19 sector gauges compiled by BSE were trading higher led by the S&P BSE Utilities Index's 1 percent gain. On the flipside, S&P BSE Fast Moving Consumer Goods Index was top loser, down 0.65 percent.
Small-cap shares were outperforming their larger peers as the S&P BSE SmallCap Index rose 0.4 percent.
Shares of the Kolkata-based railway coach and components maker rose as much as 2.54 percent to Rs 60.50 after it won two orders worth Rs 262 crore.
Texmaco Rail & Engineering won order worth Rs 110 crore for for design, manufacture, supply, installation, testing and commissioning of Automatic Fare Collection System from Mumbai Metro Rail Corporation, the company said in an exchange filing.
Further, the company has received letter of intent (LOI) for 12 rakes of BLC type wagons valuing Rs 152 crore, the filing added.
Reliance Industries Ltd. is planning to issue as much as Rs 2,500 crore of bonds with in three weeks, according to people familiar with the matter.
Source: Bloomberg
Shares of the Mumbai-based airline operator fell as much as 7.47 percent, the most in over a month, to Rs 271.75 after Etihad Airways PJSC seeks exemption from markets regulator Sebi on norms related to open offer and preferential pricing for investing more in cash-strapped Jet Airways India Ltd., CNBC-TV18 reports, citing people it didn’t identify.
Shares of the Pune-based IT services company fell as much as 6.42 percent to Rs 198.25 after its profit declined in December quarter.
Key earnings highlights (QoQ Consolidated):
Shares of the Gujarat-based tiles maker rose as much as 8.62 percent to Rs 162.
GMO Emerging Dom Opportunities Fund sold 3.21 lakh shares or 1.07 percent equity at Rs 130.09 each.
Shares of Zee Entertainment rose as much as 4.2 percent, the most in 20 percent to Rs 475.90
The Company's quarterly profit during October-December period rose the most in over a year (More details here)
Key earnings highlights (Q3, YoY)
Here's what analysts had to say about Zee Entertainment after the company announced its results:
CLSA
Macquarie
The Indian rupee fluctuated between gains and losses after depreciating in the last three sessions against the the U.S. dollar. The home currency appreciated 0.13 percent to 70.93 after depreciating to 71.10 at the open against the greenback.
An overnight surge in crude oil prices is likely to weigh on the bond markets today as investors fear inflationary pressures may resurface.
Yield on the most traded 2028 bond climbed four basis points in the last session while that on the new 10-year rose three basis points. For today, the 2028 bond yields should stay in a range of 7.45-7.50 percent.
Here's quick look at the corporate insider trades reported on Tuesday.
— BloombergQuint (@BloombergQuint) January 16, 2019
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Macquarie on Life Insurance
UBS on Bharat Forge
JPMorgan on GAIL
Morgan Stanley on MCX
CLSA
Macquarie
Also Read: All You Need To Know Going Into The Third Quarter Earnings Season
Zee Entertainment (YoY)
Also Read: Q3 Earnings: Zee Entertainment’s Profit Beats Estimates
MCX (YoY)
Speciality Restaurants (YoY)
Den Networks (YoY)
Jay Bharat Maruti (YoY)
KPIT Technologies (QoQ)
India’s shrimp exports to U.S. rise in terms of volume and value in October 2018.
— BloombergQuint (@BloombergQuint) January 16, 2019
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