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Shares of retail chain operator gained for third day and rose as much as 6.33 percent to Rs 1,669.50.
Trading volume was 80 percent above its 20-day average, according to data compiled by Bloomberg.
Shares of the Mumbai-based real estate developer rose as much as 12.56 percent to Rs 12.10 after it announced plan to acquire 86 percent of the equity shares of Rockfirst Real Estate.
Shares of the Mumbai-based brokerage firm logged in its longest winning streak in over 20 months after it gained for eighth day in a row.
The stock in last eight sessions has surged 14 percent to Rs 82.55 and in today's trade it rose as much as 2.64 percent.
Buyers and sellers were not immediately known
Source: Bloomberg
Investors should be thrilled when markets drop as it provides “decades of stock buying” opportunities, the portfolio manager said, adding that market direction should not be a factor while investing.
Key highlights of the conversation:
Indian equity benchmarks held on to gains led by HDFC twins, ICICI Bank and Reliance Industries.
The Sensex rose 0.94 percent or 334 points to 36,142 and Nifty 50 Index climbed 0.91 percent or 98 points to 10,878.
All the 19 sector gauges compiled by BSE were trading higher with healthcare, finance, industrials, banking, capital goods, consumer durables and oil & gas indices rising over 1 percent.
The overall market breadth was positive as 1,560 shares were advancing while 774 were advancing on the BSE.
Government introduces minimum support price for 17 new items including minor forest produce, according to information posted on website of Press Information Bureau.
Indian markets are co-related with U.S. markets and trouble in the U.S. markets does not seem to be going away soon and from that sense India will be volatile for some time, Ravi Sundar Muthukrishnan, head of institutional equity research at Elara Capital told BloombergQuint in an interview. Irrespective of what fundamentals are and what companies do political scenario will take the centre stage, he added.
Key highlights of the conversation:
Shares of the Chennai-based hospitality chain operator rose as much as 5 percent, the most in over a month, to Rs 204.
The company is scheduled to meet HDFC Securities and Franklin Templeton in Mumbai today, Mahindra Holidays and Resorts said in an exchange filing.
Nifty's 11,000 call option contract was among the most active option contracts on the National Stock Exchange.
Premium on the contract rose 31 percent to Rs 136.05. Over 92,325 shares were added to the open interest which stood at 24.13 lakh shares.
Shares of the Delhi-based hospitality chain operator rose as much as 13.66 percent, the most in over a month, to Rs 77.80.
Lemon Tree Hotels entered into a joint venture with private equity firm-Warburg Pincus affiliate ‘Magnolia Grove Investment’ with a primary focus on co-living, the company said in an exchange filing.
This joint venture marks the entry of the company into a new business segment for rental housing accommodation for students and working professionals. The Joint Venture partners will initially invest Rs 1,500 crore in equity over a period, with an option to invest another Rs 1,500 crore. Warburg Pincus will hold 68 percent stake while Lemon Tree Hotels will hold 30 percent stake and the balance stake will be held by Patanjali Keswani, the filing added.
Government Set To Fund Six State-Run Banks Under PCA Framework
Here's quick look at the corporate insider trades reported on Thursday.
— BloombergQuint (@BloombergQuint) December 28, 2018
Read: https://t.co/ouc9i9hVdr pic.twitter.com/9y2Bo7fHjz
Nomura on Banks
HSBC on Tata Motors
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Emkay on Two-Wheelers
Stewart & Mackertich
Emkay
London Metal Exchange:
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