Scan to Download
Indian equity benchmarks ended higher for the second straight trading session on Monday.
The S&P BSE Sensex Index closed 0.43 percent higher at 35,850.16 and the NSE Nifty 50 Index ended at 10,776.60, up 0.46 percent.
Eight out of 11 sectoral gauges compiled by NSE advanced, led by the NSE Nifty Realty Index's 1.19 percent gain. On the flipside, the NSE Nifty Pharma Index was the top sectoral loser, down 0.58 percent.
Shares of state-owned NHPC Ltd. were trading unchanged after the company announced complete shutdown of its Chamera-III Power Station from Jan. 6 to Jan.14. The shutdown will cause tentative loss of 9.48 million units in generation and 2.74% in Plant Availability Factor (PAF), NHPC said in a notification to the exchanges.
The central bank has not taken a decision on the interim dividend payment yet, RBI Governor Shaktikanta Das said.
While a lot of discussions taken place between the RBI and the government, no specific communication has taken place regarding this, he added.
Reuters, in a report today, said that the RBI is likely to transfer an interim dividend of Rs 30,000-40,000 crore to the government by March, citing sources.
IL&FS groups unit— IL&FS Transportation Networks Ltd. defaulted on dividend payment of Rs 7.12 crore citing insufficient funds, according to its stock exchange filing.
Buyers and sellers were not known immediately.
Source: Bloomberg
Shares of Indiabulls Real Estate rose as much as 6.5 percent, the most since Dec. 19, to Rs 92.80.
Trading volume was double, its 20-day average, Bloomberg data showed. The stock has declined 58 percent in the past 12 months compared to a 5.3 percent advance in the Sensex.
About 13.4 lakh shares of Bharat Electronics changed hands in a block deal, according to Bloomberg data. Buyers and sellers were not known immediately.
Key highlights from BloombergQuint's conversation with Johan Jooste, chief investment officer at Bank of Singapore:
Nifty's 11,000 call option contract was among the most active option contracts on the National Stock Exchange.
Premium on the contract surged 27.48 percent to Rs 99.50. Over 1.32 lakh shares were removed from the open interest which stood at over 37.57 lakh shares.
Portfolio managers failed to recover from the rout in mid-cap stocks and the liquidity crisis for non-bank lenders in 2018 even as the nation’s two benchmark indices managed to end higher. (Read the full story here)
Buyers and sellers were not known immediately.
Source: Bloomberg
Shares of the private lender fell as much as 4.5 percent, the most in over two months, to Rs 505.05.
Bandhan Bank and Gruh Finance, a housing-finance company controlled by HDFC, is said to merge through a share-swap deal, according to a Times of India report. The deal is valued at around $12 billion, the report said.
The trading volume was four times the 30-day average for this time of the day, according to Bloomberg data.
Morgan Stanley
JMFinancial
Citi
PhillipCapital
Macquarie
Here's quick look at the corporate insider trades reported last Friday.
— BloombergQuint (@BloombergQuint) January 7, 2019
Read: https://t.co/B7XhIqNjGv pic.twitter.com/OxLIlHWcn7
Get the heads-up on BQEdge
Citi on India Infrastructure
Citi on Container Corp
Citi on Voltas
UBS on PVR
Axis Capital on Tube Investments
CLSA on Auto
Morgan Stanley
JMFinancial
Citi
PhillipCapital
Macquarie
Good Morning!
The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, rose over 1 percent to 10,890 as of 7:55 a.m.
Stocks across Asia kicked off the week with strong gains after soothing Federal Reserve comments and an easing of monetary policy in China triggered a renewed appetite for risk assets.
Shares in Japan led the charge, with advances also in Hong Kong, South Korea and Australia. U.S. futures climbed, signaling Friday’s rally in U.S. stocks could continue.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
