Trends On SGX Nifty Indicate A Positive Opening For The Broader Index In India

Trends on SGX Nifty indicate a positive opening for the broader index in India, with a 31.5 points gain or 0.25 percent. The Nifty futures were trading around 12,389-level on the Singaporean Exchange.

Oil prices edged lower on Tuesday as receding Middle East tensions took some heat out of the market, with both Tehran and Washington desisting from any further escalation after this month’s clashes. 

Brent crude was down 8 cents, or 0.1%, at $64.12 per barrel by 0124 GMT. US West Texas Intermediate crude futures were down 4 cents, or 0.1%, at $58.04 a barrel.

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Larsen & Toubro Share Price Declined 2.7 Percent Intraday On January

Larsen & Toubro share price declined 2.7 percent intraday on January 8 after research house Credit Suisse has maintained neutral rating with a target at Rs 1,460 per share. Credit Suisse cut FY20/21/22 earnings by 2-4 percent.

Maruti Suzuki December 2019 production up by 7.88%: The company's total production for December 2019 was up 7.88 percent at 1,15,949 units against 1,07,478 units.

CARE Ratings has assigned CARE AA- / stable rating to the long term bank facilities of Birlasoft. The stock was quoting at Rs 70.25, down Rs 0.80, or 1.13 percent. The share touched its 52-week high Rs 221.60 and 52-week low Rs 57.40 on 16 January, 2019 and 23 August, 2019, respectively.

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Wipro Up 2% After Completing Strategic Engagement With ICICI Bank

Shares of Wipro added 2.5 percent intraday on October 3 after the company completed a 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.

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Shares Of Reliance Industries Jumped Over 3 Percent On September 24

Reliance Industries gains 3%: Shares of Reliance Industries jumped over 3 percent on September 24 after foreign brokerage house Morgan Stanley maintained overweight rating with a target at Rs 1,469 per share.

DHFL gains 3% ahead of meeting: Shares of Dewan Housing Finance Corporation (DHFL) added more than 3 percent in early trade on September 24 a day ahead of the company meeting where the draft resolution plan shall be discussed.

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Tech Mahindra Gains 5% On Multi Year Deal With AT&T

Shares of Tech Mahindra gained 5 percent as company expanded its strategic collaboration with AT&T to accelerate AT&T’s IT network application, shared systems modernization and movement to the cloud.

Share price of Power Finance Corporation and REC rose nearly 5 percent on September 6 after broking house CLSA has upgraded the stocks from sell to buy.

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Trends On SGX Nifty Indicate A Negative Opening For The Broader Indices In India

Trends on SGX Nifty indicate a negative opening for the broader indices in India, a fall of 33 points or 0.33 percent. Nifty futures were trading around 11,015-level on the Singaporean Exchange.

US stocks climbed on Wednesday, recovering from early declines on gains in energy and financial shares, but investors remained leery about the potential for another flare-up in the US-China trade war, reported Reuters.

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Wall Street Slipped On Tuesday, Weighed Down By Financial Stocks

Wall Street slipped on Tuesday, weighed down by financial stocks as a deepening of the Treasury yield curve inversion raised US recession worries and uncertainty over any progress in trade negotiations between the United States and China took a toll.

Asian shares eked out meager gains on Wednesday, as higher Wall Street futures provided some relief for investors after an overnight US selloff. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.03 percent, Japan's Nikkei rose 0.04 percent and Australia's shares rose 0.07 percent.

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The Sensex Is Up 206.35 Points At 37,556.68, While The Nifty Is Up 61.80 Points

The Sensex is up 206.35 points at 37,556.68, while the Nifty is up 61.80 points at 11,109.60. About 552 shares have advanced, 197 shares declined, and 49 shares are unchanged.

Interglobe Aviation, Sun Pharma, Titan, Indiabulls Housing, UPL, JSW Steel, Dr Reddy's Lab, Cipla, Bajaj Finserv, Axis Bank, Tech Mahindra, Hero Moto, Bharti Airtel, are some of the major gainers on the indices in the early trade, while losers are Unichem Lab, Power Grid, Zee entertainment, Asian Paints and M&M.

All the sectoral indices are trading in the green led by the pharma, IT, bank, auto, FMCG, infra and metal.

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Axis Bank May See 2-Fold Increase In Q1 Profit, Double Digit Growth In Loan Book

Axis Bank India's fourth-largest private sector lender by market capitalisation, is expected to report healthy numbers for June quarter on July 30. The earnings result will be closely watched by the Dalal Street especially after its closest peer ICICI Bank reported better-than-expected earnings on all fronts.

Most brokerages expect more than two-fold increase in its Q1FY20 profit on lower provisioning and stable operational income YoY. They also expect double-digit growth in NII and the loan book, compared to year-ago, with stable asset quality.

"Traction in advances is seen improving 15 percent YoY led by a focus on high yielding retail and MSME loans.

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Maruti Suzuki India Limited, The Leader In Passenger Vehicle Segment

Maruti Suzuki India Limited, the leader in passenger vehicle segment, continues to post weak set of earnings on expected lines. It posted a significant decline in top line and operating profitability due to weaker volume growth.

Weaker demand outlook has led to significant decline in the stock price, making the valuations reasonable. We advise investors to accumulate this strong business during this soft patch.

In Q1 FY20, MSIL posted a significant volume decline of 17.9 percent on a year-on-year basis, primarily due to weak demand, especially from rural areas. The subdued sentiment is on the back of multiple challenges such as increase in total cost of ownership due to mandatory long-term insurance, implementation of safety regulations and non-availability of retail finance.

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Expectations Of Policy Easing By Major Central Banks Such As The Federal Reserve

Expectations of policy easing by major central banks such as the Federal Reserve propped up global stocks on Tuesday, while the pound sagged as Britain braced for a new prime minister who could pave the way for a no-deal exit from the European Union.

Trends on SGX Nifty indicate a positive opening for the broader indices in India, a gain of 16.50 points or 0.15 percent. Nifty futures were trading around 11,355-level on the Singaporean Exchange.

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Lupin’s Nagpur Facility Wins ENR Global Best Project Award

Lupin has won the Engineering NewsRecord’s Global Best Project Award of Merit in the Manufacturing category. The award was given to Lupin’s Oral Solid Dosage and Injectable Pharmaceutical Manufacturing Facility at Nagpur, India.

Shares of Dabur India gained nearly 2 percent intraday as global brokerages remained bullish on the stock, citing strong earnings growth though management commentary was cautious about demand outlook ahead.

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Benchmark Indices Opened Lower With The Sensex Falling 81.89 Points

Benchmark indices opened lower with the Sensex falling 81.89 points to 39,133.75 and the Nifty50 slipping 21 points to 11,666.50 due to weak Asian cues.

The International Monetary Fund on July 17 said that the US dollar was overvalued by 6 percent to 12 percent, based on near-term economic fundamentals, while the euro, Japan's yen and China's yuan were seen as broadly in line with fundamentals.

The IMF has been at odds with US President Donald Trump over his use of tariffs to resolve trade imbalances, but its assessment that the dollar is overvalued is likely to give Trump more fodder for his frequent complaints that dollar strength is hampering US exports.

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Glenmark Pharmaceuticals Shares Rallied 3.6 Percent Intraday

Glenmark Pharmaceuticals shares rallied 3.6 percent intraday after company received approval from US health regulator for anti-anginal drug.

The US Food and Drug Administration granted its approval for Ranolazine extended-release tablets, which will be available in 500 mg and 1,000 mg strengths.

Ranolazine is a generic version of Ranexa extended-release tablets of Gilead Sciences, Inc. The drug improves blood flow to help the heart work more efficiently.

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The Construction Arm Of L&T Has Secured Orders From Prestigious Clients

The construction arm of L&T has secured orders from prestigious clients across various Indian states for its varied businesses.

Shares of Globus Spirits rose 4.6 percent in the early trade on Monday after upward revision of selling rates of country liquor in Rajasthan.

Oil prices rose on Monday after Saudi Arabia said producer club OPEC and Russia were likely to keep withholding supplies, and in relief that the United States and Mexico averted a trade war that would have damaged the global economy.

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Manpasand Beverages Under Pressure For Fourth Day In A Row

Shares of Manpasand Beverages plummeted 10 percent intraday, hitting another 52-week low, after the officials of the company arrested for GST fraud were reportedly denied bail.

According to CNBC-TV18 sources, the company's Managing Director Abhishek Singh, his brother Harshvardhan Singh and the Chief Financial Officer Paresh Thakkar, who were arrested following a raid by the CGST Commissionerate Vadodara-II sleuths on May 23, have been denied bail.

On May 23, the CGST Commissionerate conducted multi-locational searches across various premises of Manpasand Beverages.

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Share Markets In Asia Got Off To A Steady Atart On Monday

Share markets in Asia got off to a steady start on Monday as investors tried to catch their breath following another week of escalating trade tensions between the United States and China.

Wall Street ended lower on Friday as continuing trade tensions pulled industrial and tech shares down, and the Dow capped a fourth straight week of losses in its longest weekly losing streak in three years.

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Wall Street Ends Higher: US Stocks Rebounded From Early Losses On Friday

Wall Street ends higher: US stocks rebounded from early losses on Friday to snap a four-day losing streak after US President Donald Trump and Treasury Secretary Steven Mnuchin said trade talks between the United States and China were “constructive.”

Trends on SGX Nifty indicate a negative start for the broader index in India, a fall of 33 points or 0.29 percent. Nifty futures were trading around 11,250.50-level on the Singaporean Exchange.

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Asian Paints Q4 Misses Estimates; Global Brokerages Slash Target Price

Most brokerage firms maintained their rating on Asian Paints post its March quarter results but slashed target prices as margins took a hit.

Asian Paints reported fourth-quarter earnings on May 9 that missed analysts estimates on weak operating income.

Consolidated profit was lower by 1.7 percent year-on-year at Rs 487 crore in the quarter ended March 2019. CNBC-TV18 poll estimated profit of Rs 570 crore and revenue of Rs 5,200 crore. EBITDA was expected at Rs 958 crore and margin at 18.4 percent for the quarter.

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Bharti Airtel Falls Ahead Of Result As Analysts Expect Muted Show

Telecom major Bharti Airtel is due to report its Q4 earnings on April 6.


According to a report by Kotak Institutional Equities, Bharti Airtel is expected to post a modest 1 percent sequential uptick in revenues at Rs 10,300 crore.


Reported ARPU will likely see a sharp 14 percent QoQ uptick to Rs120/sub/month, on account of the clean-up done in December 2018.

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