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Indian stocks halted their two-week losing streak.
The S&P BSE Sensex rose 0.35 percent this week to close at 41,599.72 and the NSE Nifty 50 rose 0.24 percent during the period to end at 12,256.50. The broader markets represented by the NSE Nifty 500 Index rose 0.34 percent.
On Friday, the 30-stock index rose 0.36 percent and the 50-share gauge rose 0.33 percent.
The market breadth was tilted in favour of buyers. About 983 stocks advanced and 807 shares declined on National Stock Exchange.
Ten out of 11 sectoral gauges compiled by NSE ended higher, led by the NSE Nifty Realty Index’s 1.8 percent gain. On the flipside, the NSE Nifty Private Bank Index was the only sectoral loser, down 0.18 percent.
KNR Constructions
Sun TV Network
Sterlite Tech
CDSL
Shares of Tata Motors fluctuated between gains and losses to trade little changed at 191.55.
The company sold 52,814 Jaguar Land Rover units last month, a gain of 1.3 percent from December 2018, according to its statement on the exchanges.
Indian stocks erased all the gains clocked in the morning trade.
The S&P BSE Sensex and the NSE Nifty 50 traded little changed at 41,448.81 and 12,215 respectively. The broader markets represented by the NSE Nifty 500 Index fell 0.08 percent.
Shares of Edelweiss Financial Services fell as much as 10 percent, the most since Oct. 3, 2019, to Rs 105.45.
That came after the Enforcement Directorate summoned the company’s Chairman and CEO Rashesh Shah, in connection with a Rs 2,000-crore forex scam, Business Today reported without mentioning the source of information.
MRPL
Elgi Equipments
Triveni Turbine
Shares of Yes Bank fell as much as 7.4 percent, the most since Dec. 11, 2019, to Rs 43.
The Mumbai-based lender's Independent Director and Audit Committee Chairman Uttam Prakash Agarwal resigned today with immediate effect. (Click here to read more)
Besides, about 11.8 lakh shares of the company changed hands in a large trade at around 12:55 p.m., Bloomberg data showed. Buyers and sellers were not known immediately.
Key sales highlights (December, YoY)
Source: SIAM
Shares of Suzlon Energy extended declines for the third consecutive trading session. The stock fell as much as 8.8 percent to Rs 2.60.
The stock declined 52 percent in the past 12 months, compared to a 15 percent rally in the Sensex.
Indian stocks pared some of its gains to trade off day’s high.
The S&P BSE Sensex rose 0.43 percent to 41,629 and the NSE Nifty 50 rose 0.36 percent to 12,260. The broader markets represented by the NSE Nifty 500 Index rose 0.4 percent.
Shares of Chennai Petroleum Corporation extended gains for the second consecutive trading session. The stock rose as much as 11.8 percent, the most since July 12, 2017, to Rs 127.
Trading volume was more than nine times its 20-day average, Bloomberg data showed. The stock traded at 38 times its estimated earnings per share for the coming year.
Shares of Rain Industries extended gains for the second consecutive trading session.
The stock rose as much as 17.4 percent, the most since Sept. 9. 2019, to Rs 125, the highest since May 28, 2019.
Trading volume was almost 18 times its 20-day average, Bloomberg data showed. Of the shares traded, 48 percent were at the ask price and 39 percent were at the bid.
About 11.8 lakh shares of Yes Bank changed hands in a large trade, Bloomberg data showed. Buyers and sellers were not known immediately.
India’s NSE Nifty 50 Index extended opening gains to hit an all-time high.
The 50-stock index rose as much as 0.66 percent to 12,296.25. The benchmark index—S&P BSE Sensex rose as much as 0.66 percent to 41,726.33. The broader markets represented by the NSE Nifty 500 Index rose 0.68 percent.
Shares of Jindal Stainless Hisar extended gains for the fourth consecutive trading session. The stock rose as much as 5.5 percent to Rs 882.20, the highest since May 31, 2019.
The scrip advanced 12 times in 13 trading sessions. Trading volume was eight times its 20-day average, Bloomberg data showed. The Relative Strength Index was above 70, indicating that the stock may be overbought.
Shares of Sterlite Technologies extended gains for the second consecutive trading session. The stock rose as much as 4.5 percent to Rs 129.90.
The company’s arm acquired 12.8 percent stake in Israel’s ASOCS. The target company belongs to the industry of virtualized radio access network.
The stock declined 0.5 percent in the past five days and advanced 11 percent in the past 30 days, Bloomberg data showed.
Nifty’s 12,300 call 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. 16, rose 33.40 percent to Rs 64.50. Over 6.78 lakh shares were added to the open interest which stood at over 16.15 lakh shares.
Shares of GMR Infra rose as much as 2.1 percent to Rs 24.60.
The company’s unit arm has formed a joint venture with Hong Kong’s ESR Cayman to develop a 66-acre logistics and industrial park at the Hyderabad airport city. In the joint venture, GMR Group will have 30 percent equity interest while the balance 70 percent will be held by ESR Cayman.
The Relative Strength Index was above 70, indicating that the stock may be overbought, according to Bloomberg data.
Shares of Housing Development Finance Corporation fluctuated between ains and losses to trade 0.1 percent lower at 2,454.
The mortgage lender has completed the acquisition of majority stake in Apollo Munich Health Insurance for Rs 1,495.81 crore. HDFC bought 50.80 percent stake of Apollo Hospitals Group in Apollo Munich for Rs 1,485.14 crore and 0.36 percent shareholding of employees for Rs 10.67 crore, PTI reported quoting company’s exchange filing.
The stock traded at 31 times its estimated earnings per share for the coming year, according to Bloomberg data.
Shares of GTPL Hathway extended gains for the fourth consecutive trading session. The stock rose as much as 10.8 percent, the most since Oct. 14, 2019, to Rs 90 after the company announced its December quarter results.
Key earnings highlights (Q3, YoY)
Shares of Infosys rose as much as 1.8 percent to Rs 740.90. The stock was the best performer on Sensex and Nifty.
Key Earnings Highlights (Q3, QoQ)
Indian stocks edge higher, extending gains for the second consecutive trading session.
The S&P BSE Sensex rose 0.4 percent to 41,622.61 and the NSE Nifty 50 rose 0.38 percent to 12,262.70. The broader markets represented by the NSE Nifty 500 Index rose 0.37 percent.
The market breadth was tilted in favour of buyers. About 1,037 stocks advanced and 447 shares declined on National Stock Exchange.
All the 11 sectoral gauges compiled by NSE traded higher, led by the NSE Nifty Realty Index’s 0.8 percent gain.
Computer Age Management seeks SEBI approval for IPO. Issue will have offer for sale of up to 1.22 crore shares.
The Indian rupee fluctuated between gains and losses against the U.S. dollar in the opening trade. The home currency traded little changed at 71.24 against the greenback.
Infosys (Q3 Estimates, QoQ)
GTPL Hathway (Q3, YoY)
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