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Sensex, Nifty Halt Four-Day Record Closing Streak

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Sensex, Nifty Halt Four-Day Record Closing Streak
Employees walk past electronic ticker boards that indicate the latest stock figures inside the atrium at the National Stock Exchange (NSE) in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)
8 years ago
Indian equity benchmarks slipped marginally, halting a four-day record closing streak as crude oil continues to gain above two-year high, ahead of the third quarter earnings season. The S&P BSE Sensex Index was a little changed at 34,433.07, while the NSE Nifty 50 Index was also a little changed at 10,632.20. 
Jan 10, 2018 15:44 (IST)
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Jan 10, 2018 15:19 (IST)
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Infinite Computer Solutions

  • Stock rose as much as 15.7 percent to Rs 385.90.
  • Trading volume was 25.2 times its 20-day average.

Astec Lifesciences

  • Stock rose as much as 13.5 percent to Rs 624.90.
  • Trading volume was 26.2 times its 20-day average.

Tinplate Co of India

  • Stock rose as much as 18.9 percent to Rs 319.45.
  • Trading volume was 19.9 times its 20-day average.

Tata Metaliks

  • Stock rose as much as 14.2 percent to Rs 975.50.
  • Trading volume was 17 times its 20-day average.

Tata Sponge Iron

  • Stock rose as much as 15.3 percent to Rs 1,234.
  • Trading volume was 12.2 times its 20-day average.

Jan 10, 2018 11:41 (IST)
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Persistent Systems

  • Stock Rating: Initiate ‘Outperform’
  • Price Target: Set at Rs 960, implying a potential upside of 28.8 percent from current market price.

HDFC Securities on Zee Entertainment Enterprises

  • Stock Rating: Downgraded to 'Neutral from 'Buy'.
  • Price Target: Raised to Rs 518 from Rs 575, implying a potential upside of 6.3 percent from current market price.

Axis Capital on Zee Entertainment Enterprises

  • Stock Rating: Upgraded to 'Buy' from 'Hold'.
  • Price Target: Raised to Rs 670 from Rs 560, implying a potential upside of 15.4 percent from current market price.

Narnolia Securities on South Indian Bank

  • Stock Rating: Downgraded to ‘Accumulate’ from ‘Buy’.
  • Price Target: Raised to Rs 37 From Rs 36, implying a potential upside of 14 percent from current market price.

IIFL On Asian Paints

  • Stock Rating: Upgraded to ‘Buy’ from ‘Add’.
  • Price Target: Raised to Rs 1,300 from Rs 1,200, implying a potentail upside of 10.6 percent from current market price.

IIFL On Coal India

  • Stock Rating: Upgraded to ‘Buy’ from ‘Add’.
  • Price Target: Raised To Rs 357 from Rs 300, implying a potential upside of 15.8 percent form current market price.

Haitong International On IndusInd Bank

  • Stock Rating: Initiated ‘Buy’.
  • Price Target: Rs 2,000, implying a potential upside of 16.7 percent from current market price.

(Source: Bloomberg)

Jan 10, 2018 14:06 (IST)
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Jan 10, 2018 14:02 (IST)
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Jan 10, 2018 13:44 (IST)
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  • Approved 100 percent FDI in construction sector via automatic route
  • Allowed foreign airlines to invest up to 49 percent in Air India. Effective control of Air India to stay with Indian Nationals.
  • Approved amending definition of medical devices in FDI.
  • Allowed FIIs/FPIs to invest in power exchanges via primary market
  • Foreign investors allowed to specify choice of auditor in Indian joint ventures.
Jan 10, 2018 13:33 (IST)
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Jan 10, 2018 13:13 (IST)
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  • 100 percent FDI in single brand retail will definitely benefit economy, retail sector and consumer.
  • Great opportunity for foreign investors to expand in Indian market.
  • Will bring more resources, skilled manpower as well as technology in the sector.
  • Foreign retailers or brand will have easier as well as faster access to Indian markets.
  • Move will take away business from less competent players in the market.
Jan 10, 2018 13:13 (IST)
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Jan 10, 2018 12:48 (IST)
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Jan 10, 2018 12:06 (IST)
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  • RBI seeks Supreme Court nod to move NCLT against Jaiprakash Associates.
  • Court will consider RBI’s request at a later stage.
  • Supreme Court asks Jaiprakash Associates to submit an affidavit giving details of its housing projects and construction updates.
  • Court directs JP Associates to set up of a portal where home buyers can submit their claims.
  • Next date of hearing: Feb. 5.
Jan 10, 2018 11:19 (IST)
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Jan 10, 2018 11:01 (IST)
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Jan 10, 2018 10:45 (IST)
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Shares of the automaker parred early losses and rose as much as 0.3 percent to Rs 439 after it's global wholesale including Jaguar Land Rover rose 23 percent last month on a yearly basis.

Highlights from December sales:

  • December Jaguar wholesales 16,826 units.
  • December Land Rover wholesales 38,240 units.

Jan 10, 2018 10:33 (IST)
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  • Older hospitals are reporting positive operating income.
  • Repaid debt close to Rs 300 crore.
  • Looking at new segments like cardiac apart from the ortho segment.

    • The hospital chain operator reported its previous quarter earnings yesterday.

    Key highlights from earnings (YoY):

    • Revenue up 9 percent at Rs 97 crore.
    • Net profit down 24 percent at Rs 1.1 crore.
    • Ebitda down 6.5 percent at Rs 21.5 crore.
    • Margin at 22.2 percent from 25.8 percent.
Jan 10, 2018 10:06 (IST)
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  • 2017-18 harvest has just started coming in October.
  • Believe GVA figures for Agriculture for 2017-18 might be underestimated.
  • Prices are still fairly low and the area sown for Rabi doesn't look good except for pulses.
  • Lower construction has an impact on rural wages.
  • Construction and MSME sectors are equally important for rural as is agriculture.
  • Agri prices have been volatile since long time.
  • Demonetisation could have had an impact on prices.
  • Market and technology are two long-run areas to focus on.
  • The 2018 year performance will depend on monsoon.
  • Won't quarrel with what the CACP does concerning crop MSPs.
  • Govt should stay away from loan waivers.
  • Talk on agriculture in Budget is more than what gets implemented
  • Advise not to give loan waivers but be prepared for a bad monsoon: Advice on Budget.
Jan 10, 2018 10:06 (IST)
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  • Loan waivers bought in cash flows in some states.
  • Cash flows meant some improvement in demand for FMCG.
  • Tractor sales pick up from farmers' incomes in the previous year.
  • The government spends compensated for a slowdown.
  • Raising on import duties on certain crops has not had an impact on prices.
  • Need to see budgetary allocations to state.
  • Positive on ground feedback in areas where DBT has been implemented.
Jan 10, 2018 09:40 (IST)
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Jan 10, 2018 09:42 (IST)
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  • Welspun India: About 4.6 crore shares or 4.7 percent equity changed hands in three blocks.

    • Buyers and sellers were not immediately known.

    Source: Bloomberg

Jan 10, 2018 09:40 (IST)
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Jan 10, 2018 08:41 (IST)
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Jan 10, 2018 09:24 (IST)
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Jan 10, 2018 08:39 (IST)
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Jan 10, 2018 08:39 (IST)
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Jan 10, 2018 08:39 (IST)
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Jan 10, 2018 08:39 (IST)
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Put-Call Ratio
  • Nifty PCR at 1.67 from 1.63.
  • Nifty Bank PCR at 0.95 from 0.93.

Jan 10, 2018 08:39 (IST)
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Jan 10, 2018 08:39 (IST)
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  • Apollo Micro Systems IPO opens with an issue price of Rs 270-275 (Here's an all you need to know)
  • Amber Enterprises’ Rs 600 crore IPO opens for subscription on Jan. 17 and closes on Jan. 19. Price band between Rs 855 and Rs 859.
  • NMDC offer for sale for the non-retail category was subscribed 1.68 times at an indicative price of Rs 154.
  • Newgen Software to sell shares at Rs 240-245 each in IPO from Jan. 16.
Jan 10, 2018 08:39 (IST)
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Jan 10, 2018 08:39 (IST)
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Jan 10, 2018 08:39 (IST)
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  • Azure Power bags a solar project in Rajasthan (Business Line).
  • Essar to sell off office space in Mumbai for Rs 24 billion (Business Standard).
  • RInfra moves MERC for sale approval of Mumbai biz to Adani transmission (Business Standard).
  • IDFC Bank, Capital First explore merger; talks at initial stage (Economic Times).
  • Axis looks to foray into life insurance business; bank eyes IDBI Federal Life, also in talks with Tata AIA (Economic Times).
  • RCom’s spectrum band in 4G-ready 850 MHz band up for grabs (Economic Times).
  • BoB, Union Bank put over Rs 17k-cr bad loans on sale (Economic Times).
Jan 10, 2018 08:39 (IST)
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Jan 10, 2018 08:39 (IST)
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  • Maharashtra banks on a taller Mumbai to fund infrastructure, slum rehab.
  • Naspers plans $200 million backing for Swiggy.
  • Infosys Q3 earnings to get a boost on advance pricing pact with U.S.
  • Dimon says he regrets calling Bitcoin a ‘Fraud’.
  • Gold is beating everything since Fed raised rates..even Bitcoin.
  • 400 deaths a day are forcing India to take car safety seriously.
  • Prime Minister Modi to hard sell India as investment destination at Davos.
  • Aadhaar data breach: committed to freedom of Press, says Government.
Jan 10, 2018 08:39 (IST)
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Jan 10, 2018 08:39 (IST)
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