The Most Active Stocks Were YES Bank, Reliance Industries, Axis Bank, TCS and Jet Airways

From the pharma space, the top gainers were Cadila Healthcare which jumped 2 percent followed by Sun Pharma, Glenmark Pharma, Lupin, Aurobindo Pharma and Dr Reddy's Labs.

The top gainers from NSE included ONGC, IOC, Coal India, Sun Pharma and Reliance Industries while the top losers included Indiabulls Housing Finance, Hero MotoCorp, Bajaj Auto, Zee Entertainment and Titan Company.

The most active stocks were YES Bank, Reliance Industries, Axis Bank, TCS and Jet Airways.

UPL, AstraZeneca Pharma, Bil Energy Systems and Refex Industries have hit new 52-week high in this morning session.

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Benchmark Indices Are Trading Higher In The Pre-Opening Session

Benchmark indices are trading higher in the pre-opening session.

The Sensex is up 123.29 points or 0.34% at 36028.72, and the Nifty up 14.30 points or 0.13% at 10821.00.

Jet Airways fell 10 percent in the pre-opening session, while IGL, Tata Comm, DCB Bank, IndusInd Bank, Grasim , Page Industries and Zee Ent are some of the gainers.

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Asian Stocks Slipped On Thursday After Cautious Comments From US Trade

Asian stocks slipped on Thursday after cautious comments from US Trade Representative Robert Lighthizer dented some of the recent optimism towards Sino-US trade relations, while the dollar held gains, supported by higher bond yields.

The S&P 500 closed down slightly on Wednesday but well above its session low after testimonies to US Congress from trade and central bank officials as well as President Donald Trump's former lawyer brought few major surprises.

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Tech Mahindra Market Capitalisation, Is Set To Buy Back From Shareholders

Tech Mahindra, the country's fifth largest IT company by market capitalisation, is set to buy back from shareholders up to 2.05 crore shares worth Rs 1,956 crore at a price of Rs 950 apiece. 

Its peers TCS, Infosys and HCL Technologies also completed their buybacks earlier.

Generally, the cash-rich company buy back shares to support price as well as to distribute cash among shareholders. 

It is also seen that when the stock price falls sharply despite strong fundamentals, the company uses share buyback to increase trust among shareholders.

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Reserve Bank Of India Has Decided To Take Dhanlaxmi Bank Limited

Reserve Bank of India has decided to take Dhanlaxmi Bank Limited out of the Prompt Corrective Action Framework, subject to certain conditions and continuous monitoring, as the Bank is found to be not breaching any of the Risk Thresholds of the PCA Framework.

The stock has surged 10% intraday and has hit the upper circuit.

India's largest retail brokerage Zerodha had faced connectivity issues in the morning on February 27, 2019 that resulted into piling up of major trading order backlog.

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The Sensex Is Up 216.17 Points At 36189.88, While Nifty Is Up 52.20 Points

The Sensex is up 216.17 points at 36189.88, while Nifty is up 52.20 points at 10887.50. About 510 shares have advanced, 98 shares declined, and 21 shares are unchanged.

Yes Bank, Adani Ports, UltraTech, HPCL, ICICI Bank, RIL, JSW Steel are among major gainers, while Wipro, HCL Tech, TCS, Tech Mahindra are trading lower.

Among the sectors, except IT, all other indices are trading in green. Midcap and smallcap also trading with 0.5 percent gain.

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Adani Ports And SEZ's Acquisition Of Agri Logistics

Adani Ports and SEZ, the cash cow of the Adani Group, is not presenting a pretty picture financially. It handed out close to Rs 6,240 crore of loans to the subsidiaries and group companies in fiscal 2018. Last fiscal, the company recorded an impairment of close to Rs 300 crore related to such loans.

Investors have also expressed their apprehensions about promoters pledging of shares, which last stood close to 45.51 percent.

All this assumes importance in light of the recent acquisition of a group company Adani Agri Logistics for a consideration of nearly Rs 1,000 crore. Concerns over the acquisition took a toll on its shares yesterday, which closed with a loss of over 8 percent.

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The Sensex Is Down 241.49 Points At 35971.89, While Nifty Is Down 81.60

The Sensex is down 241.49 points at 35971.89, while Nifty is down 81.60 points at 10798.50.

  

About 171 shares have advanced, 780 shares declined, and 41 shares are unchanged.

Top gainers are Bharti Infratel, Asian Paints and HCL Tech, while losers include Yes Bank, SBI, Indiabulls Housing, JSW Steel, Hero Moto, ONGC, ICICI Bank, Hindalco, Vedanta, Bajaj Fiance and Rain Industries, Jet Airways and Spicejet.

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Motilal Oswal Financial Services Shares Fell 5 Percent And IIFL Holdings Plunged 9 Percent

Motilal Oswal Financial Services shares fell 5 percent and IIFL Holdings plunged 9 percent in morning on Monday after market regulator SEBI declared their commodity broking subsidiaries as 'not fit and proper'. It is a part of action by the regulator in the NSEL case.

IIFL Holdings was quoting at Rs 354, down 3.11 percent and Motilal Oswal Financial Services was down 3.9 percent at Rs 588.45 on the BSE.

SEBI is investigating as many as 300 brokers on charges of colluding with NSEL to defraud investors. In the NSEL case, the exchange was found to have not maintained sufficient underlying stock on trades it allowed.

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The Sensex Is Up 145.01 Points At 36016.49, While Nifty Is Up 24.60 Points At 10816.30

The Sensex is up 145.01 points at 36016.49, while Nifty is up 24.60 points at 10816.30.

Real estate stocks are trading higher post GST Council slashed tax rate on under-construction residential properties

Indiabulls Housing, HUL, Oberoi Realty, DLF, Godrej Properties are trading higher in the pre-opening session, while Jet Airways, Motilal Oswal and Sobha are trading lower.

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Trends On SGX Nifty Indicate A Flat To Positive Opening

Trends on SGX Nifty indicate a flat to positive opening for the broader index in India, a gain of 16 points or 0.15 percent. 

Nifty futures were trading around 10,823-level on the Singaporean Exchange.

Asian shares scaled a 5-month peak on Monday after US President Donald Trump confirmed he would delay a planned increase on Chinese imports as talks between the two sides were making “substantial progress”.

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Shares Of Bharat Electronics Rose As Much As 2 Percent In Early Trade

Shares of Bharat Electronics rose as much as 2 percent in early trade after signing an MoU with Nagpur-based JSR Dynamics.

"The MoU aims at leveraging the individual design and manufacturing capabilities of BEL and JSR to develop weapons and light weight cruise missiles," BEL said in a statement.

BEL also signed an agreement with Hughes India to work on satellite communication solutions for helicopters under the Ministry of Defence.

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Benchmark Indices Opened Flat With Negative Bias On Friday

Benchmark indices opened flat with negative bias on Friday with Nifty holding above 10,750 level.

The Sensex is down 36.45 points at 35861.90, while Nifty was down 15.10 points at 10774.80. About 400 shares have advanced, 347 shares declined, and 38 shares are unchanged.

Bajaj Auto, Maruti Suzuki, ICICI Bank, HUL, BPCL, HPCL, IOC, HDFC Bank are the top gainers in the morning, while losers is Kotak Mahindra Bank.

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Shares In Asia Were Flat In Early Trade On Friday Following A Fall On Wall Street

Shares in Asia were flat in early trade on Friday following a fall on Wall Street, with a deteriorating global economic outlook outweighing more signs of progress in trade talks between China and the United States.

Trends on SGX Nifty indicate a flat opening for the broader index in India, a fall of 19.50 points or 0.18 percent. Nifty futures were trading around 10,794-level on the Singaporean Exchange.

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The Nifty PSU Bank Index Rose Over 1 Percent Led By Gains

The Nifty PSU Bank index rose over 1 percent led by gains in Central Bank of India, PNB, Bank of India, Union Bank of India, Syndicate Bank, Vijaya Bank as well as SBI after the government announced final recapitalisation tranche amount of Rs 48,239 crore for as many as 12 public sector banks.

The 12 banks are Allahabad Bank, Corporation Bank, Bank of India, Bank of Maharashtra, Punjab National Bank, Union Bank, Andhra Bank, Syndicate Bank, Central Bank, United Bank, UCO Bank and IOB.

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The Sensex Is Up 7.59 Points At 35763.85, While Nifty Is Down 5.30 Points

The Sensex is up 7.59 points at 35763.85, while Nifty is down 5.30 points at 10730.20. About 428 shares have advanced, 333 shares declined, and 42 shares are unchanged.

Tech Mahindra, Allahabad Bank, ICICI Bank, SBI, Indiabulls Housing, are among major gainers, while losers are Reliance Power, BPCL, HPCL, IOC, Bharti Airtel, Vodafone Ida, TCS and Yes Bank.

Indian indices are trading firm in the pre-opening session with Nifty above 10,750.

The Sensex is up 109.50 points or 0.31% at 35865.76, and the Nifty up 16.50 points or 0.15% at 10752.

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Wall Street Ends Higher : US Stocks Ended Higher On Wednesday

US stocks ended higher on Wednesday after minutes from the Federal Reserve's last meeting reaffirmed for investors that the US central bank would be "patient" with respect to further interest rate hikes.

Asian shares held near 4-1/2-month highs on Thursday after US Federal Reserve minutes affirmed it would be "patient" on interest rate rises and risk assets got a lift from hopes of further progress in US-China trade talks.

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The Promoters Of Debt-Ridden Jaypee Infratech Have Made A Last Minute Offer

The promoters of debt-ridden Jaypee Infratech have made a last minute offer to withdraw the company from insolvency proceedings, sources aware of the development told CNBC-TV18.

As per this offer, JAL is offering an upfront payment of Rs 1,500 crore to the financial creditors of Jaypee Infratech, another Rs 4,858 crore from transfer of 100 percent shareholding of JIL's Land Bank SPV to financial creditors towards settlement of dues via a debt-asset swap and Rs 2,000 crore as optionally convertible debentures at a coupon rate of 0.01 percent per annum.

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Benchmark Indices Are Trading Higher In The Pre-Opening Session

Benchmark indices are trading higher in the pre-opening session with Nifty above 10,650 level.

The Sensex is up 119.25 points or 0.34% at 35471.86, and the Nifty up 71.30 points or 0.67% at 10675.70.

Essel Prepock gained 8 percent in the pre-opening trade as company further received Rs 40 crore towards repayment of outstanding dues of Inter corporate deposit.

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Asian Stocks Gained A Tad On Wednesday After US-China Trade

Asian stocks gained a tad on Wednesday after US-China trade talks resumed while investors awaited minutes from the US Federal Reserve for clues on policymakers' thinking on interest rates and its balance sheet reduction policy.

Trends on SGX Nifty indicate a gap-up opening for the broader index in India, a gain of 51 points or 0.48 percent. Nifty futures were trading around 10,664.50-level on the Singaporean Exchange.

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Shares of NLC India added 2.3 percent in the early trade on Tuesday after company joined hands with NHPC on power trading.




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Infosys has settled with Sebi a case of alleged disclosure lapses regarding severance payment made to its former chief financial officer Rajiv Bansal. The company paid Rs 34.35 lakh to settle the case with the markets regulator. Stock is down by about 2%.




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Asian share markets firmed on Monday as investors dared to hope for both progress at Sino-US trade talks in Washington this week and more policy stimulus from major central banks.







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Glenmark Pharmaceuticals Inc., USA has been granted final approval by the USFDA for Clobetasol Propionate Foam




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JK Tyre & Industries: Board approved issue of equity shares of Rs 2 each of the company to the promoter group on preferential basis, upto an amount aggregating to Rs 200 crore.

Consolidated profit jumps to Rs 26.7 crore versus Rs 11 crore; revenue rises to Rs 2,731 crore versus Rs 2,123 crore YoY.

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Board approved composite scheme of amalgamation amongst Harita Limited and Harita Venu Private Limited and Harita Cheema Private Limited and Harita Financial Services Limited and Harita Seating Systems Limited and Minda Industries Limited and their respective shareholders.







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L&T wins order: The construction arm of L&T has won orders across its power transmission & distribution (PT&D) business and water & effluent treatment business.







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Wall Street ends higher: Wall Street closed higher on Wednesday as investor optimism was stoked over hopes the United States and China could iron out a trade deal, and benign inflation data suggested the Federal Reserve would hold interest rates steady in the near term.







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Wall Street rallied on Tuesday as investors were heartened by a tentative congressional spending deal to avoid another government shutdown and by positive developments in the U.S.-China trade negotiations.




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Share price of CG Power declined nearly 7 percent in the early trade on Wednesday after company posted net loss for the quarter ended December 2018.


The company's Q3FY19 net loss was of Rs 150.2 crore including one-time loss at Rs 116.6 crore.For more information ✆ +91- 6232578593 or visit www.moneymarketmanthan.com

SpiceJet, IndiGo & Jet Airways Fall 1-4% As Crude Prices Surge

Shares of aviation companies are falling in trade on the back of higher crude oil prices. 

SpiceJet, IndiGo and Jet Airways fell between 1 and 4 percent.

Oil prices rose on Tuesday amid OPEC-led supply cuts and U.S. sanctions against Iran and Venezuela, although analysts expect surging U.S. production and concerns over economic growth to keep markets in check.

U.S. West Texas Intermediate crude oil futures were at $52.78 per barrel at 0329 GMT, up 37 cents, or 0.7 percent, from their last close.

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Shares Of Tata Motors, Which Underperformed Benchmark Indices In 2018

Shares of Tata Motors, which underperformed benchmark indices in 2018, witnessed a fresh round of selling recently after December quarter results.

It led to an erosion of more than Rs 8,600 crore in terms of market capitalisation.

Tata Motors hit a 10-year low in intraday trade a day after it reported a net loss of Rs 26,961 crore for the quarter ended December 2018 impacted by an exceptional item of asset impairment of Rs 27,838 crore.

Over 200 mutual fund schemes are invested in Tata Motors, which is part of Nifty and Sensex. Any drastic slide in market price could also impact those which have considerable exposure in the automaker.

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Equity Benchmarks Have Begun Marginally Lower

Equity benchmarks have begun marginally lower, with the Nifty trading just below 10,900.

The Sensex is down 47.42 points or 0.13% at 36347.61, and the Nifty down 13.70 points or 0.13% at 10875.10. 

The market breadth was narrow as 179 shares advanced, against a decline of 137 shares, while 43 shares were unchanged.

Majority of sectoral indices are trading in the near the flat line, but pain is visible among automobiles, IT and metals. The Midcap index is trading flat.

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Indiabulls Housing Finance Are Down Around 5 Percent In Trade On Monday

Shares of Indiabulls Housing Finance are down around 5 percent in trade on Monday morning. Take a look at its intraday chart.

Pre-opening rates indicate a flat start for equity benchmarks on Monday morning.

The Sensex is up 39.31 points or 0.11% at 36585.79, and the Nifty up 7.10 points or 0.06% at 10950.70.

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Dr Reddy’s Laboratories fell 4 Percent On Monday Morning

Shares of Dr Reddy’s Laboratories fell 4 percent on Monday morning as investors reacted to observations being issued to the company by US FDA.

The stock touched an intraday high of Rs 2,704.70 and an intraday low of Rs 2,659.95.

The company on Friday told the exchanges that its Formulations Manufacturing Plant - 3 at Bachupally, Hyderabad had been inspected by the US FDA. 

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The Sensex Is Down 53.26 Points Or 0.15% At 36493.22

The Sensex is down 53.26 points or 0.15% at 36493.22, while the Nifty is down 36.90 points or 0.34% at 10906.70. 

The market breadth is narrow as 211 shares advanced, against a decline of 169 shares, while 62 shares were unchanged.

Selling is visible across sectors, with maximum pain seen in automobiles and pharmaceuticals, among others. The Nifty Midcap index is down around 0.20 percent.

Bharti Airtel, Yes Bank, Tata Steel and Titan are the top gainers, while M&M, Power Grid, Dr Reddy’s and Tata Motors lost the most.

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Weekly Tactical Pick: Shriram Transport Finance

Amid the crisis engulfing the non-banking financial company space in the aftermath of the Infrastructure Leasing & Financial Services default, the Shriram Transport Finance Corporation stock has underperformed.

In fact, in the quarter gone by, it reported subdued numbers. Shriram Transport Finance: Soft Q3 but outlook confident; valuations reasonable.

The growth in assets under management decelerated to 14 percent year-on-year from above 20 percent seen in the previous two quarters.

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Tata Motors Revises Margin Guidance Downwards To 3-6% From 4-7%

Uncertainty over China and with the possibility of a hard Brexit looming large, Tata Motors on February 7 said it is revising its pre-tax margin guidance to 3-6 percent in FY20 from 4-7 percent announced six months back.

The Mumbai-headquartered company reported a consolidated loss of Rs 26,961 crore for Q3 FY19, the biggest in its history. 

While non-cash asset impairment of Rs 27,838 crore was taken during the quarter under review, a severe slowdown in China impacted margin.

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Equity Benchmarks Are Trading Lower In Pre-Opening Trade

Equity benchmarks are trading lower in pre-opening trade, amid weak global cues.

The Sensex is down 73.43 points or 0.20% at 36897.66, and the Nifty down 39.10 points or 0.35% at 11030.30.

The rupee on Thursday appreciated by 11 paise to close at 71.45 against the US dollar after the Reserve Bank of India cut the repo rate and changed its policy stance to 'neutral'.

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RBI Policy: MPC Cuts Repo Rate By 25 Basis Points To 6.25%

The monetary policy committee cut repo rates by 25 basis points to 6.25 percent in its sixth bi-monthly monetary policy. Consequently, the reverse repo has come down to 6 percent.

Also, the stance of the central bank has been changed from 'calibrated tightening' to 'neutral'.

"On the basis of an assessment of the current and evolving macroeconomic situation at its meeting today, the Monetary Policy Committee decided to reduce the policy repo rate under the liquidity adjustment facility by 25 basis points from 6.5 per cent to 6.25 per cent with immediate effect," said the policy statement.

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Asian Share Markets Were In A Muted Mood On Thursday

Asian share markets were in a muted mood on Thursday and looked set for a sleepy session with China still on holiday and no major economic data on the diary.

US stocks edged lower on Wednesday as videogame makers gave disappointing revenue forecasts and investors awaited developments on US-China trade relations.

Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 31 points or 0.28 percent. Nifty futures were trading around 11,074-level on the Singaporean Exchange.

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Shares Of Bharti AIrtel Are Down Over 4 Percent As Investors Turned

Shares of Bharti AIrtel are down over 4 percent as investors turned cautious of a ratings downgrade.

Moody’s Investor Service has downgraded the company to junk rating, BloombergQuint reported, based on concerns that cash flow could continue to be under pressure.

Shares of IRB Infrastructure Developers slipped 8 percent despite company posted 5.5 percent jump in its third quarter net profit at Rs 218.9 crore against Rs 207.3 crore in a year ago period. 

Citi has maintained sell call on the stock and cut target to Rs 139 from Rs 185 per share.

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Nifty Is Up 13.40 Points At 10925.70

Benchmark indices are trading flat with Nifty holding above 10,900 level.

The Sensex is up 27.16 points at 36609.90, while Nifty is up 13.40 points at 10925.70. About 336 shares have advanced, 455 shares declined, and 43 shares are unchanged.

JSW STeel, Bharti Airtel, Tata Steel, are trading lower, while gainers include Dr Reddy's, Hero Moto, Eicher, UPL, Bajaj Finance, Bajaj Auto, Tech Mahinrda and Yes Bank.

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Wall Street Gained On Monday, with All Three Major Indexes

Wall Street gained on Monday, with all three major indexes closing near session highs as sustained optimism on the prospects for US-China trade relations propelled technology shares.

Trends on SGX Nifty indicate a flat start for the broader index in India, a gain of 18.50 points or 0.17 percent. Nifty futures were trading around 10,966.50-level on the Singaporean Exchange.

Recent US data and the Federal Reserve's dovish turn kept lifting Asian stocks early on Tuesday, while the dollar held the upper hand against its rivals.

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Shares Of DHFL Fell 13 Percent In The Morning Trade

Shares of DHFL fell 13 percent in the morning trade, even as the company decided to divest its stake in Aadhar Housing Finance to Blackstone.

The stock touched a 52-week low of Rs 97.00.

It touched an intraday high of Rs 111.15 and an intraday low of Rs 97.00.

Private equity major Blackstone agreed to buy nearly 80 percent of affordable homes-focused Aadhar Housing Finance from the financially stretched Wadhawan group for an undisclosed sum.

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State Bank Of India Fell Over 2 Percent On Monday Morning

Shares of State Bank of India fell over 2 percent on Monday morning even as the lender reported steady profit for December quarter. In fact, CLSA and Jefferies have hiked their targets on the stock.

The bank’s Q3FY19 net profit was up at Rs 3,955 crore against a loss of Rs 2,416.4 crore in same quarter last year.

Net interest income during the quarter grew by 21.4 percent year-on-year to Rs 22,691 crore with loan growth of 12.1 percent YoY and 4.6 percent QoQ.
Net NPA was at 3.95% versus 4.84%, while gross NPA was at 8.71% versus 9.95%, QoQ.

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Benchmark Indices Are Trading Mixed In The Pre-Opening Session

Benchmark indices are trading mixed in the pre-opening session with Nifty above 10,850 level.

The Sensex is up 41.39 points or 0.11% at 36510.82, and the Nifty down 30.00 points or 0.28% at 10863.70.

Vedanta gained 3 percent in pre-opening session, while Zee Entertainment, Hero Moto, DHFL, Reliance Infra, Reliance Capital are trading lower.

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Jet Airways’ Shares Soared Over 13 Percent Based On A Buzz

Jet Airways’ shares soared over 13 percent based on a buzz that the airline has accepted an offer from Etihad. 

Naresh Goyal, its promoter is set to step down, CNBC-TV18 reported, quoting agencies.

Shares of NCC added 2.7 percent after company received new orders worth Rs 4,089 crore.

The company has received nine new orders totalling to Rs 4089.7 crore in the month of January, 2019.

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Interim Budget 2019-20: 10 Figures To Watch Out For

Prime Minister Narendra Modi-led National Democratic Alliance government's sixth and final budget before the polls due in April-May is supposed to be an interim budget or a Vote on Account.

Finance Minister Piyush Goyal is expected to present on February 1 a populist Budget for 2019-20 as the Bharatiya Janata Party-led government makes a last-ditch attempt to woo voters ahead of the general elections.

The Budget will seek Parliament's nod for spending for four months till a new government is sworn-in and comes a day ahead of dismal job growth in 2017-18. Goyal is standing in for Arun Jaitley who is in the US for health reasons.

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The Sensex Is Up 83.63 Points Or 0.23% At 36340.32 And The Nifty Up 29.30 Points

The Sensex is up 83.63 points or 0.23% at 36340.32, and the Nifty up 29.30 points or 0.27% at 10860.30. About 458 shares have advanced, 275 shares declined, and 34 shares are unchanged.

Dabur, Bharti Airtel, UPL are trading higher, while Vedanta tumbled 14 percent.

Banking stocks including Bank of India, OBC, Bank of Maharashtra gained 4-14% after RBI lift the lending curbs.

Piyush Goyal, the interim finance minister, is going to present the interim budget for 2019-20 in parliament today.

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