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About 12.5 lakh shares of ICICI Bank changed hands in a large trade, Bloomberg data showed. Buyers and sellers were not known immediately.
ITI
Mindtree
Shree Cement
MCX
VST Industries
Welspun India
Alkem Laboratories
JK Lakshmi Cement
Shares of Mindtree extended gains for the seventh consecutive trading session, their longest stretch of gains since April 2017.
The stock advanced 7 percent in seven trading sessions. The Relative Strength Index was at 78, indicating that the stock may be overbought, according to Bloomberg data.
The stock returned 4.7 percent in the past 12 months compared to a 15 percent rally in the Sensex.
Shares of GM Breweries erased gains and fell as much as 5.1 percent to Rs 388.55 after the company announced its December quarter results.
Key Earnings Highlights (Q3, YoY)
Asian stocks rebounded and U.S. and European futures pointed higher as investors dialled back concerns about a further deterioration in the security situation in the Middle East.
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Source: Bloomberg
Shares of Ester Industries fluctuated between gains and losses to trade 0.3 percent lower at Rs 33.45.
The company’s board approved a capex of Rs 111 crore for its Speciality Polymer Business, according to its stock exchange filing.
Shares of Hindustan Construction Company rose as much as 6.4 percent to Rs 10.75.
The company’s joint venture with VCCL bagged a contract worth Rs 489 crore from Delhi Metro Rail Corporation Ltd. under Phase IV of the Delhi Metro project, according to its media statement
The work is expected to be completed in three years, HCC, which has 75 percent stake in the joint venture, said.
Shares of Biocon extended declines for the second consecutive trading session. The stock fell as much as 4.5 percent to Rs 275.20.
The company appointed MB Chinappa as the chief financial officer of Biocon Biologics India Ltd., a subsidiary of Biocon
Yesterday, the company announced that True North has acquired a stake in Biocon Biologics, valuing the company at $3 billion.
About 10 lakh shares of Bajaj Finance changed hands in a large trade, Bloomberg data showed. Buyers and sellers were not known immediately.
Nifty’s 12,100 put option contract was among the most active Nifty option contracts on National Stock Exchange.
Premium on the contract, which is set to expire on Jan. 9, fell 52.24 percent to Rs 58.15. Over 10.97 lakh shares were added to the open interest which stood at over 18.61 lakh shares.
Indian stocks traded off day’s high.
The S&P BSE Sensex rose 0.5 percent to 40,896 as of 11:15 a.m. and the NSE Nifty 50 rose 0.54 percent to 12,057. The broader markets represented by the NSE Nifty 500 Index rose 0.54 percent.
Shares of TV18 Broadcast rose as much as 4 percent to Rs 21.90.
About 10 lakh shares of the company changed hands in a large trade, Bloomberg data showed. Buyers and sellers were not known immediately.
The stock traded at 28 times its estimated earnings per share for the coming year, according to Bloomberg data.
Shares of NMDC erased opening gains and fell as much as 2.6 percent to Rs 126.10.
“The Karnataka government has taken the view that the new amended mining Law will not be applicable to NMDC, as its lease to mine at Donimalai has already been cancelled,” The Hindu Business Line reported quoting unnamed government sources. “The State government has sought the Centre’s opinion in this matter,” the report added.
BloombergQuint spoke to the company’s Chairman and Managing Director Baijendra Kumar. Here are the key highlights from the conversation:
Shares of PI Industries extended declines for the second consecutive trading session and fell as much as 3.2 percent to 1,374.
The company said that a factory accident happened in one section of a multi-product plant at Jambusar fine chemicals manufacturing site in Gujarat has resulted in two fatalities and nine persons being injured. The impact of the incident is being ascertained, damaged equipment is fully covered by insurance, according to the company’s media statement.
Trading volume was 10 times its 20-day average, Bloomberg data showed. Of the shares traded, 27 percent were at the ask price and 52 percent were at the bid.
Indian stocks extended opening gains to rebound from yesterday’s worst fall in four months.
The S&P BSE Sensex rose 1.23 percent to 41,170 ad the NSE Nifty 50 rose 1.2 [percent to 12,136. The broader markets represented by the NSE Nifty 500 Index rose 1.3 percent.
Shares of Jubilant FoodWorks resumed gains after a one-day blip. The stock rose as much as 1.4 percent to hit an all-time high at Rs 1,702.50.
The scrip traded at 58 times its estimated earnings per share for the coming year, Bloomberg data showed. The stock advanced 39 percent in the past 12 months compared to 14 percent rally in the Sensex.
Shares of HDFC Bank rose as much as 2.5 percent to Rs 1,271.45 after sharing December quarter updates.
The lender’s advances were up 20 percent year-on-year to Rs 9,34,000 crore . Deposits rose 25 percent year-on-year to Rs 10,67,500 crore. CASA Ratio was at 39.5 percent versus 40.7 percent.
During the December quarter, the bank purchased loans aggregating to Rs 4,258 crore through direct assignment route under home loan arrangement with HDFC.
Shares of Canara Bank rose as much as 3.3 percent to Rs 214.30.
The state-run lender announced the repo rate linked lending rate for retail and MSME loans at 8.05 percent with effect from Jan. 7. The base rate will be 9.1 percent and one-year MCLR was at 8.35 percent.
Trading volume was more than five times its 20-day average, Bloomberg data showed. The stock declined 3.9 percent in the past five days and rose 2.2 percent in the past 30 days.
Shares of ITI rose as much as 15.8 percent, the most since Oct. 30, 2019, to Rs 106, the highest since April 9, 2019.
That came after the company announced its December quarter results.
Key Earnings Highlights (Q3, YoY)
Indian stocks rebound, in line with Asian peers as investors dialled back concerns about a further deterioration in the security situation in the Middle East.
The S&P BSE Sensex rose 1.07 percent or 432 points to 41,112 and the NSE Nifty 50 rose 1.1 percent to 12,125.5. The broader markets represented by the NSE Nifty 500 Index rose 1.13 percent.
The market breadth was tilted in favour of buyers. About 1,155 stocks advanced and 317 shares declined on National Stock Exchange.
All the 11 sectoral gauges compiled by NSE traded higher, led by the NSE Nifty PSU Bank Index’s 2 percent advance.
Indian equity benchmarks are set to open higher.
The S&P BSE Sensex rose 0.62 percent to 40,930.40 during the pre-market trade and the NSE Nifty 50 rose 0.58 percent to 12,052.
ITI (Q3, YoY)
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