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Buyers and sellers were not immediately known
Source: Bloomberg
Shares of the Mumbai-based operator of petroleum pipelines operator fell as much as 1.2 percent to Rs 332.75 after its profit declined in December quarter.
Key earnings highlights:
Shares of the Mumbai-based educational services provider rose as much as 11.93 percent, the most in over three weeks, to Rs 204.
Trading volume was over six times its 20-day average, according to data compiled by Bloomberg.
As many as 3.09 lakh shares changed hands on the BSE compared with an average of 51,000 shares traded daily in the past two weeks, according to information on BSE's website.
Shares of Karnataka Bank Ltd. were trading higher after the company reported a 60.6 percent rise in net profit at Rs 140.4 crore. Net interest income for the bank rose 8.1 percent at Rs 487.9 crore.
Other Key Highlights:
Shares of the Mumbai-based auto maker extended decline and fell as much as 3.23 percent to Rs 179.75 after its wholesales declined in December.
Shares of the Hyderabad-based software developer rose as much as 20 percent, the most in over five months, to Rs 45.75 after it on order for standardization of telemedicine facility in various districts of Andhra Pradesh, Raminfo said in an exchange filing.
The project turnover is estimated to be around Rs. 400 crores in phase I for the first five years, the exchange filing added.
Shares of the Mukesh Ambani-led company declined as much as 1.40 percent to Rs 1,092 after it shut down one of its crude distillation units and coker unit at the Jamnagar refinery for maintenance and inspection for four weeks starting Jan. 16.
The company also stated that other crude distillation and secondary processing units are expected to operate normally.
Buyers and sellers were not immediately known
Source: Bloomberg
Expert committee on the economic capital framework may recommend that the RBI transfer its surplus capital to the government in tranches, according to a person familiar with the discussions.
Indian equity benchmarks extended declined paced by losses in TCS, Tata Motors, Larsen & Toubro and IndusInd Bank.
The Sensex fell 0.34 percent or 123 points to 35,982 and the Nifty 50 Index declined 0.33 percent or 36 points to 10,786.
Fifteen of 19 sector gauges compiled by BSE were trading lower led by the S&P BSE Realty Index's 1.35 percent decline. On the flipside, S&P BSE FMCG Index was top gainer, up 0.4 percent.
Mid- and small-cap shares were also witnessing selling pressure as the S&P BSE MidCap Index fell 0.33 percent and the S&P BSE SmallCap Index declined 0.20 percent.
Shares of the Anil Ambani-led telecom company declined as much as 1.81 percent to Rs 13.60 after the Supreme Court deferred its plea for spectrum sale clearance.
The court will hear its plea on spectrum sale after three weeks.
Shares of the Pune-based waste water treatment solution provider rose as much as 8.99 percent to Rs 150.30 after it expanded its bio-energy basket by adding compressed bio-gas technology in its portfolio.
The company said it is on track with execution of three bio-refinery projects based on proprietary 2G technology.
Nifty's 11,000 call option contract was among the most active option contracts on the National Stock Exchange.
Premium on the contract declined 8.3 percent to Rs 73. Over 6.17 lakh shares were added to the open interest which stood at over 47 lakh shares.
Shares of the country's second largest software services company declined as much as 0.49 percent to Rs 676.45 ahead of its December quarter earnings.
Here is what to expect from Infosys in December quarter (Bloomberg consensus estimates, consolidated, QoQ):
Shares of the Kolkata-based private sector lender fell as much as 2.75 percent to Rs 458.60 after Macquarie downgraded the stock to 'Underperform' from 'Neutral' and cut its target price to Rs 400 from Rs 560.
Macquarie in a note said:
Shares of the battery maker rose as much as 17.2 percent, the most in nearly three years, to Rs 214.
The company’s biggest shareholder Williamson Magor has mandated Kotak Mahindra Bank for the potential sale of a 45 percent, Times of India reported quoting people directly aware of the matter.
Trading volume was 200 times its 20-day average, Bloomberg data showed. The Relative Strength Index was 73, indicating that the stock may be overbought.
Ashok Leyland’s outgoing Managing Director and CEO Vinod Dasari spoke to BloombergQuint. Here are the key highlights from the conversation:
Key highlights from the conversation:
Shares of Himachal Futuristic Communications Ltd. rose as much as 5.8 percent to Rs 24.50.
The company won optical fibre cable orders worth Rs 500 crore for BharatNet Phase II project from Larsen and Toubro and ITI-led consortium, according to its media statement on the exchanges.
Trading volume was more than eight times its 20-day average, Bloomberg data showed. The Relative Strength Index was at 71, indicating that the stock may be overbought.
Shares of the Jaguar Land Rover owner rose as much as 1.1 percent to Rs 187.75.
Jaguar Land Rover plans to slash 4,500 jobs worldwide, as the U.K.’s biggest automobile maker responds to the sales slowdown caused by Brexit, flagging demand for diesel-powered vehicles and a downturn in China. (Read the full story here)
The stock has declined 56.9 percent over the last 12 months compared to a 6.1 percent advance in the Sensex, Bloomberg data showed.
CLSA
Macquarie
Morgan Stanley
Here's quick look at the corporate insider trades reported on Thursday.
— BloombergQuint (@BloombergQuint) January 11, 2019
Read: https://t.co/Jb1Gs7IrXb pic.twitter.com/SlpdyvFVUy
CLSA
Macquarie
Morgan Stanley
Macquarie on Bandhan Bank
UBS on IGL
UBS on GAIL
Morgan Stanley on Marico
Axis Securities on City Union Bank
Q3 Results: TCS Wins $5 Billion Deals For Third Straight Quarter, Margin Contracts
BQEdge | Yes Bank Stock’s Search For A Bottom And Will Infosys Share TCS’ Pain?
Good Morning!
The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, rose 0.2 percent to 10,883 as of 8:10 a.m.
Asian equities posted modest gains Friday and were on course for the strongest week since early November, bolstered by continued signs of flexibility from the Federal Reserve and optimism over U.S.-China trade negotiations.
Shares in Tokyo led the region, with trading in Hong Kong, South Korea and Australia mostly flat.
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