Scan to Download
People's Bank of China said:
Source: Bloomberg
Shares of the Maggi noodles maker fell as much as 4.92 percent, the most in over a month, to Rs 10,655.55 after the apex court revived Indian government’s case against Nestle India seeking damages of Rs 640 crore for alleged unfair trade practices, false labelling and misleading advertisements.
In its press release, Nestle stated that the Supreme Court has directed that reports received from Central Food Technological Research Institute will be the basis for proceedings before the redressal commission.
Shares of the Pune-based state-run lender rose as much as 3.31 percent to Rs 15.60 after its board cleared raising Rs 4,498 crore via preferential allotment to the government of India.
The fund raising is part of the capital infusion process initiated by the government for PSU banks.
Indian equity benchmarks were fluctuating as gains in banking shares were offset by losses in IT stocks.
The Sensex was little changed at 35,521 and the NSE Nifty 50 Index was flat at 10,673.
In intraday deals, the Nifty 50 Index swung eight times between gains and losses.
Eleven of 19 sector gauges compiled by BSE were trading higher led by S&P BSE Bankex Index's 0.7 percent gain. On the flipside, S&P BSE IT Index was top loser, down 1.6 percent.
Buyers and sellers were not immediately known
Source: Bloomberg
Banking shares were leading the rally on Dalal Street paced by gains in Federal Bank and Punjab National Bank.
The gauge of banking share — Nifty Bank Index rose 0.92 percent while Nifty PSU Bank Index advanced 2.24 percent.
Shares of the parent of luxury carmaker — Jaguar Land Rover rose as much as 3.55 percent to Rs 171.95 after Jaguar Land Rover December sales rose 23.6 percent to 14,079 units in U.S.
Buyers and sellers were not immediately known
Source: Bloomberg
Nifty's 11,000 strike price call option contract was among the most active option contracts on the NSE.
Premium on the contract declined 11 percent to Rs 61.50. Over 2.80 lakh shares were added to the open interest which stood at over 41.91 lakh shares.
Shares of the Mumbai-based airline operator declined as much as 4.5 percent to Rs 236.10 after it proposed to its banks that revenue from ticket sales be securitized against outstanding debt, the Economic Times reports, citing two people with knowledge of the matter.
Securitisation of ticket sales would mean part of the money from advance sales of tickets would go to an escrow account that can be accessed by banks against debt, according to one of the people.
Lenders are unlikely to agree to Jet’s proposal as the money “would be too little” to cover repayments, one person said.
Shares of the Mumbai-based liquor maker fell as much as 13 percent, the most in over two years, to Rs 628 after its net profit declined in December quarter.
Key earnings highlights:
Shares of the Chennai-based water and sewage treatment plant builder rose as much as 4.52 percent, the most since Dec. 11, to Rs 266 after Norges Bank acquired 3.31 lakh shares or 0.61 percent equity at Rs 259.53 each.
Norges Bank is the central bank of Norway and it also manages the Government Pension Fund of Norway.
Indian equity benchmarks erased gains led by declines in ICICI Bank, TCS, HCL Technologies and Infosys.
The Sensex fell 0.17 percent or 61 points to 35,453 and the NSE Nifty 50 Index dropped 0.22 percent or 23 points to 10,649.
How Indian ADRs fared overnight.
— BloombergQuint (@BloombergQuint) January 4, 2019
Read: https://t.co/GD1KYzQaeC pic.twitter.com/OaQykCN8sT
Find out here
CLSA's Mahesh Nandurkar (@mahnandurkar) sees double digit growth already priced in. pic.twitter.com/aekkCGuWbL
— BloombergQuint (@BloombergQuint) January 4, 2019
VA Tech Wabag
Norges Bank is the central bank of Norway and it also manages the Government Pension Fund of Norway.
GM Breweries (Q3, YoY)
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
