Wall Street ends higher on rate cut: Wall Street gained ground and US Treasury yields fell on Wednesday after the Federal Reserve signaled a pause in the current easing cycle following the expected announcement of a rate cut.
Thursday 31 October 2019
Asian Shares Rose On Thursday And US Stock Futures Edged Higher
Wall Street ends higher on rate cut: Wall Street gained ground and US Treasury yields fell on Wednesday after the Federal Reserve signaled a pause in the current easing cycle following the expected announcement of a rate cut.
The Sensex Is Up 168.95 Points Or 0.42% At 40220.82, And The Nifty Up 47.40 Points
Quess Corp, JK Tyre, HDFC Bank, United Bank of India, SBI, Kotak Mahindra Bank, Infosys, ICICI Bank, Sun Pharma, M&M, JSW Steel and Hindalco, are among major gainers on the indices, while losers are Tata Motors, Yes Bank and Eicher Motors.
All the sectoral indices are trading in the green led by PSU bank, IT, metal, energy and FMCG.
Wednesday 30 October 2019
Shares Of Bharat Heavy Electricals Added 14 Percent In The Early Trade
CLSA has upgraded the stock to buy from sell and also increased target price to Rs 67 from Rs 54 per share earlier.
Shares Petronet LNG rose nearly 6 percent in the early trade on October 30 after the company had reported robust numbers in the quarter ended in September.
The company's Q2FY20 standalone net profit rose 96 percent at Rs 1,103.1 crore against Rs 560.3 crore in the quarter ended in June.
Shares Of HDFC Life Insurance Company Rallied 4.5 Percent
The stock has been was one of the biggest gainers in the last one year, showing more than 70 percent return against 16 percent rally in the Nifty.
The private life insurer posted a 7.6 percent year-on-year increase in its September quarter net profit at Rs 308.7 crore, while its premium grew by 10 percent YoY to Rs 7,453.7 crore during the period.
Friday 25 October 2019
DHFL Shares Locked In 5% Lower Price Band
The stock remained in the red even as it clarified in a BSE filing that it has taken cognizance of the key observations from the draft report prepared by KPMG.
"The company reiterates that it has taken cognizance of the key observations from the draft report prepared by KPMG, appointed by Union Bank of India, the lead banker of the consortium, on behalf of all the members of the consortium," DHFL said in a regulatory filing.
Shares Of State Bank Of India Gained 3.4 Percent Intraday On October 25
The stock lost more than 20 percent in last three months. It was quoting at Rs 269.90, up Rs 7.20, or 2.74 percent on the BSE at 1222 hours IST.
Profit is expected to be at around Rs 1,875.9 crore in September quarter, rising 98.5 percent compared to year-ago but may decline 20 percent sequentially due to deferred tax assets adjustment, according to a poll analysts conducted by CNBC-TV18.
Thursday 24 October 2019
Maruti Suzuki Q2 Preview: Profit, EBITDA May Decline 60% YoY On Lower Volumes
The stock has recovered 27 percent in the last couple of months on hopes of a demand improvement after the government announced several measures. Year-to-date, the stock is down just 0.3 percent.
Revenue from operations during Q2 FY20 may decline 23-27 percent on the back of 30 percent fall in volumes YoY.
DHFL Shares Locked At 5% Lower Circuit
DHFL is expected to disclose the essence of the banker's note to the exchanges, sources told CNBC-TV18. KPMG's forensic report on DHFL is still in the draft stage. When presented to bankers, the report was still unsigned.
Wednesday 23 October 2019
Shares Of ICICI Securities Touched A 52-Week High Of Rs 316
Shares of ICICI Securities touched a 52-week high of Rs 316, adding more than 11 percent intraday on October 23 after the company reported better-than-expected earnings in Q2 FY20.
Net profit stood at Rs 135.1 crore, up 19 percent quarter-on-quarter. Revenue fell 8.8 percent YoY but was up eight percent QoQ to Rs 417 crore. The company has declared an interim dividend of Rs 4.25 per share.
Shares of Bajaj Finance gained about 2 percent intraday on October 23 as global brokerage houses retained their bullish stance on the stock after strong Q2 earnings.
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Benchmark Indices Were Trading In The Green With The Sensex Up 200 Pts
Sensex was up 201.95 points or 0.52% at 39,165.79, while the Nifty was up 55.10 points or 0.48% at 11,643.50. About 1,075 shares had advanced, 885 shares had declined, and 113 shares remained unchanged.
All but two sectors were trading in the green on Nifty, with Nifty PSU Bank emerging as the top gainer, up 2.24 percent. Media stocks were the biggest loser on Nifty, down 1.21 percent.
Tuesday 22 October 2019
Yes Bank Shares Jump 10% Amid Buzz Of Taking Over Sumer Group’s Land
The stock was in the green amid reports that it is likely to ake over Rs 6,000 crore of land held by Sumer Group in Radius joint venture over non-payment of Rs 479 crore loan.
An Economic Times report said Yes Bank is to take control of real estate developer Sumer Group’s 50 percent share in two land parcels, totalling 6.4 acres, held by its joint venture company in Mumbai’s Santacruz locality.
An Economic Times report said Yes Bank is to take control of real estate developer Sumer Group’s 50 percent share in two land parcels, totalling 6.4 acres, held by its joint venture company in Mumbai’s Santacruz locality.
Shares Of Axis Bank Climbed Nearly 2 Percent On BSE On October 22
The stock traded with gains even as the private sector lender is expected to report a sharp decline in the profit for the quarter ended September 2019, dented by deferred tax assets.
However, the brokerage said pre-provision operating profit and loan growth may remain strong with stable asset quality. Brokerages feel the bank’s profit may grow more than 100 percent, backed by PPoP, other income and net interest income growth.
Friday 18 October 2019
Cipla Shares Gain After Acquisition Of Anti-Infective Drug Elores
The drug maker announced the acquisition of a novel and patented anti-infective product for the Indian market to further strengthen its presence in the branded Indian critical care space and as a part of its agenda to contribute to the fight against Anti-Microbial Resistance.
Shares Of Larsen & Toubro Added More Than 2 Percent Intraday On October
The company has agreed to purchase the entire stake held by Old Lane Mauritius III Ltd in L&T Infrastructure Development Projects, a subsidiary company, on October 17, 2019, as per company release on BSE.
The company is going to acquire 81,90,000 shares aggregating to 2.551 percent of the shareholding from Old Lane Mauritius III Ltd at total cost of Rs 47.997 crore.
The acquisition is not a related party transaction and is done on an arm’s length basis, company said.
Wednesday 16 October 2019
BPCL Rallied By About 5 Percent In The ,Morning Trade On October 16
BPCL strategic sale could take place at Rs 510-Rs 1,100 a share, according to a report in The Economic Times.
Shares of Inox Wind rose more than 6 percent intraday on October 16 after the company signed an additional deal with Adani Green Energy.
The company in its press release said it has closed a deal for sale of a 50 MW wind power project at Dayapar, Kutch in the state of Gujarat in which Adani will be the strategic investor.
The Sensex Is Up 108.39 Points At 38614.48, While Nifty Is Up 34.70 Points
IOC, Grasim industries, Zee Entertainment, BPCL, Tata Motors, Dr Reddy’s Laboratories, UltraTech Cement, Tata Steel , Bharti Airtel are among major gainers on the indices, while losers are Infosys, ITC and IndusInd Bank.
All the sectoral indices are trading higher led by the infra, auto, bank, metal, pharma and IT.
Tuesday 15 October 2019
Shares Of Bandhan Bank Rallied Nearly 9 Percent Intraday On October 15
Shares of Bandhan Bank rallied nearly 9 percent intraday on October 15 ahead of addition in the MSCI index tomorrow. Gruh Finance also gained 6 percent intraday.
Bandhan Bank will be included in the MSCI Global Standard Index, under largecap segment, with effect from October 16, 2019.
Bandhan Bank will be included in the MSCI Global Standard Index, under largecap segment, with effect from October 16, 2019.
CARE has reaffirmed “CARE AAA” on Havells’ long-term bank facilities and “CARE A1+” on the short-term bank facilities, the company said in a regulatory filing.
Yes Bank Gains Over 3% After Selling Stake In Fortis Healthcare
"Yes Bank recovered Rs 645 crore of Religare exposure through sale of a 6.77 percent block of Fortis Healthcare shares," the private sector lender said in its BSE filing.
JSW Energy rallied 7 percent intraday on October 15, a day after the committee of creditors approved the company's resolution plan for Ind-Barath Utkal.
The company submitted a resolution plan for Ind-Barath Energy Limited under the corporate insolvency resolution process of the Insolvency and Bankruptcy Code.
Monday 14 October 2019
The Sensex Is Up 128.54 Points At 38255.62, While Nifty Is Up 41.40 Points
Future Enterprises, DLF, Adani Gas, JSW Steel, Tata Steel, SBI, Vedanta, Yes Bank, ICICI Bank, Axis Bank, IndusInd Bank and HDFC are among major gainers on the Indices, while losers are Infosys, UPL, Bank of Baroda, Avenue Supermarts and Bajaj Consumer Care.
Asian Share Markets Pushed Higher On Monday As Signs Of Progress
Trends on SGX Nifty indicate a negative opening for the broader index in India. Nifty futures were trading around 11,295-level on the Singaporean Exchange, down 25 points or 0.22 percent, around 0820 hours IST.
Friday 11 October 2019
State Bank Of India Is Bringing Back Processing Fees On Home Loans
In an internal circular, SBI informed that the full waiver of the consolidated processing fee, which was to last through the festive period till December, has been withdrawn.
Indian markets have opened on a positive note with Sensex up 300 points while the Nifty is trading above the 11,300 mark. About 779 shares have advanced, 340 shares declined, and 50 shares are unchanged.
Asian Shares And US Stock Futures Rose On Friday
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.5 percent, following on from gains on Wall Street. Australian shares climbed 0.8 percent, while Japan's Nikkei stock index gained 0.9 percent.
SGX Nifty is steady, indicating a positive opening for the broader index in India. Around 0835 hours IST, SGX Nifty was 37 points, or 0.32 percent, up at 11,298.
Thursday 10 October 2019
Asia Pacific Growth Is Expected To Slow To 5.8% In 2019
Asia Pacific growth is expected to slow to 5.8% in 2019, down from 6.3% in 2018, due to uncertainty around the ongoing U.S.-China trade tensions, a World Bank report said on Thursday.
Wall Street Rose On Wednesday On Hopes Of Progress In US-China
Trends on SGX Nifty indicate a negative opening for the broader index in India. Around 0810 hours IST, SGX Nifty was 54 points, or 0.48 percent, down at 11,284.
Global stocks tumbled and the safe-haven yen and Swiss franc gained in early Asian trade on Thursday, on signs Washington and Beijing were still wide apart on trade issues and were making no progress in deputy-level talks.
Wednesday 9 October 2019
Shares Of Titan Company Slipped More Than 6 Percent
Shares of Titan Company slipped more than 6 percent intraday on October 9 after the company showed muted growth in the second quarter that saw Citi downgrade the stock to neutral.
While downgrading the rating to neutral, with a target price at Rs 1,370, global brokerage Citi said medium-term upside appeared priced in.
While downgrading the rating to neutral, with a target price at Rs 1,370, global brokerage Citi said medium-term upside appeared priced in.
Shares of Raymond jumped nearly 9 percent intraday on October 9 after its associate company signed an agreement to sell its property in Thane.
The market Is Experiencing Mild Volatility
The Indian market traded flat in early deals as gains in shares of HDFC Bank, Hindustan Unilever and ICICI Bank were offset by losses in those of TCS, Reliance Industries and Infosys.
The rupee depreciated by 14 paise to close at 71.02 against the US dollar on October 7 as profit booking in domestic equities and unabated foreign fund outflows kept investors edgy, as per PTI.
Monday 7 October 2019
Yes Bank Is In Discussion With Three Technology Companies, Including Software Major
“The top management of Yes Bank held discussions with Microsoft as part of the bank’s ongoing strategy to sell a minority stake to a global tech company,” a source told the paper.
Shares of VST Tillers Tractors added 3 percent intraday on October 7 after the company reported better sales numbers in September 2019.
Shares of VST Tillers Tractors added 3 percent intraday on October 7 after the company reported better sales numbers in September 2019.
Asian Markets Were Trading Firm After Data Showed The US Unemployment
Trends on SGX Nifty indicate a positive opening for the broader index in India. Around 0755 hours IST, the Nifty futures were trading at 11,216-level, up 10 points or 0.09 percent, on the Singaporean Exchange.
US markets rallied on Friday after moderate job growth in September offered relief from a spate of dismal economic data this week that has rankled markets and fueled concerns the world’s largest economy may be sliding into a recession.
Thursday 3 October 2019
Zee Entertainment Jumps 9% After Lenders Extend Repayment Deadline
In an interview to CNBC-TV18, Punit Goenka, chief executive officer, on October 1 said, "Zee is working with the lenders with all options to explore and find a solution on the stake sale and the resolution stake sale that we had proposed of another 10 percent." Goenka said the amount due to the Indian lenders was around Rs 5,000 crore.
Wipro Up 2% After Completing Strategic Engagement With ICICI Bank
The company will absorb some employees of Vara lnfotech along with its existing contracts, facilities and assets through a business transfer agreement, as per a BSE release.
The meeting of the board of directors will be held over October 14-15 to consider and approve the condensed audited standalone and consolidated financial results of the company under lndAS for the quarter and half year ended September 30, 2019.
Tuesday 1 October 2019
Bajaj Auto September Auto Sales: Company's Total Sales Down 20% At 4.02 Lakh
JMC Projects secures new orders: Shares of JMC Projects gained more than 4 percent on October 1 as company secured orders worth Rs 560 crore.
Shares of PNB Housing Finance touched 52-week low of Rs 556.70, falling 4.6 percent on October 1 after resignation of chairman of the company.
The Sensex Is Up 237.73 Points At 38,905.06, While Nifty Is Up 70.30 Points
CONCOR, SCI, Berger Paints, BPCL, Yes Bank, IOC, IndusInd Bank, Hero MotoCorp, Tata Motors, HDFC Bank and Bajaj Finance are among major gainers on the Indices, while losers are DRL, Cipla, Reliance Capital, Ashok Leyland, Vodafone Idea and DHFL.
Among sectors, except IT and metal all indices are trading higher led by the bank, auto, infra, FMCG, pharma, and energy.
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