Scan to Download
BloombergQuint Poll: What Analysts Expect Nifty To Do In 2019
Shares of the Chandigarh-based steel wheel rim maker held on to gains and rose 1 percent to Rs 941.
The company secured an order worth Rs 46 crore from Volkswagen Mexico for supply of 3.5 lakh steel wheels which will be supplied from its Chennai plant, Steel Strips Wheels said in an exchange notification.
Modi Is Planning a Cash Handout for Indian Farmers Before the Election
Indian equity benchmarks came off intraday high levels as Reliance Industries, HDFC, Kotak Mahindra Bank and Power Grid came under selling pressure.
The S&P BSE Sensex was little changed at 36,088 and the NSE Nifty 50 Index rose 0.1 percent or 7 points to 10,867.
Fifteen of 19 sector gauges compiled by BSE were trading higher led by the S&P BSE Metal Index's 1.35 percent. On the flipside, S&P BSE Energy Index was top loser, down 0.49 percent.
The overall market breadth was positive as 1,379 shares were advancing while 812 were declining on the BSE.
Shares of the state-run dredging services provider gained for the fourth straight session and rose as much as 18.63 percent to Rs 441 on heavy volumes.
Trading volume was more than 40 times its 20-day average, according to data compiled by Bloomberg.
Over 5.17 lakh shares changed hands on the BSE compared with an average of 44,000 shares traded daily in the past twoo weeks, as per information on the BSE's website.
Shares of Kudremukh Iron Ore Company Limited (KIOCL) rallied as much as 13 percent to Rs 166.95 after Union Cabinet decided to sell stake in the company via Follow-on Public Offer (FPO).
The stock was top gainer among on the NSE Nifty 500 Index and saw heavy trading volumes.
Trading volume was more than 20 times its 20-day average, according to data compiled Bloomberg.
Over 6,500 shares changed hands on the BSE compared with an average of 1,100 shares traded daily in the past two weeks, according to information on the BSE's website.
Nifty's 11,000 call option contract was among the most active option contracts on the National Stock Exchange.
Premium on the contract rose 5 percent to Rs 144.65. Over 2.22 lakh shares were added to the open interest which stood at over 26.78 lakh shares.
Dhanuka Agritech Ltd. should be able to deliver single digit growth for the current financial year, its Managing Director MK Dhanuka said.
Key highlights from the conversation:
Here are the key highlights from the conversation:
Shares of the construction company extended gains for the fourth day and is set for its longest winning streak since Nov. 02. The stock rose as much as 0.74 percent to Rs 1,450.
The company won orders worth Rs 2,084 crore, according to its stock exchange filing.
The stock traded at 20.5 times its estimated forward earnings per share compared to 22.3 times for the two-year historical average, Bloomberg data showed.
Shares of the world’s largest coconut oil maker declined over 1 percent to Rs 374.
The government increased the Minimum Support Price for copra, that accounts for 40-50 percent of material costs, by Rs 2,000 per quintal for 2019, according to Bloomberg report. The MSP of Copra has been increased from Rs 7,511 per quintal to Rs 9,521.
The stock traded at 44.3 times its estimated forward earnings per share compared to 41.3 times for the two-year historical average, Bloomberg data showed.
Shares of the Mukesh Ambani-led company rose as much as 0.7 percent to Rs 1,133.85.
The company entered into a binding agreement with Kanoda Energy Systems Pvt. Ltd. to acquire 88 percent equity for Rs 75 crore, according to its stock exchange notification. The company expects to complete the acquisition by March 2020.
The stock has returned 23.6 percent this year, compared to a 7.7 percent advance in the Sensex.
UBS Strategist Alexey Ostapchuk said, “According to our model, Thailand replaced China as the most-crowded EM. Korea, Taiwan, South Africa, Mexico, Qatar and Hungary also turned more crowded. In contrast, investor positioning eased in Brazil, Malaysia, Turkey, Colombia, and the Czech Republic.”
Here's quick look at the corporate insider trades reported last Friday.
— BloombergQuint (@BloombergQuint) December 31, 2018
Read: https://t.co/LfNpUOnNBE pic.twitter.com/C3tSHHtJaj
UBS on JSW Energy
PhillipCapital on NCC
Emkay on SBI
HDFC Securities on Consumer
London Metal Exchange
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
