Indian Indices Opened On Flat To Negative Note On January 14

Indian indices opened on flat to negative note on January 14 with Nifty around 12,300 level.

The Sensex is down 84.19 points or 0.20% at 41775.50, and the Nifty down 19.30 points or 0.16% at 12310.20. About 545 shares have advanced, 274 shares declined, and 34 shares are unchanged.

BPCL, TCS, Wipro, Britannia Industries, Gail and Cipla are among major gainers on the Indices, while losers are Yes Bank, Tata Motors, ONGC, SBI and ICICI Bank.

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The Sensex Is Up 159.56 Points Or 0.38% At 41,611.91, And The Nifty Up 45.50 Points

It is a positive start for the Indian indices on January 10 with Nifty above 12,250.

The Sensex is up 159.56 points or 0.38% at 41,611.91, and the Nifty up 45.50 points or 0.37% at 12,261.40.

Infosys, Bharti Infratel, Kotak Mahindra Bank, TCS, HDFC Bank and HCL Tech are among major gainers on the Indices, while losers are ICICI bank, Nestle and Asian Paints.

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Bharti Airtel Share Price Added 3 Percent On January 9

Bharti Airtel share price added 3 percent on January 9 after the company launched its Qualified Institutional Placement worth $2 billion. The special committee of directors has fixed a floor price of Rs 452.09 per share.

Shares of Indiabulls Housing Finance rallied more than 5 percent intraday on January 9 as company offered pre-mature redemption of its non-convertible debentures.

Strides Pharma share price gained over 2 percent as research house maintained outperform rating with a target of Rs 525 per share. It expect EPS to improve manifold over FY19-22 and company is one of the preferred picks in the midcap space.

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It Is A Strong Start For The Indian Indices On January 9 With Nifty

It is a strong start for the Indian indices on January 9 with Nifty above 12,150 level supported by positive global cues.

The Sensex is up 452.41 points or 1.11% at 41,270.15, and the Nifty up 136.40 points or 1.13% at 12,161.80. About 662 shares have advanced, 85 shares declined, and 24 shares are unchanged.

Asian Paints, JSW Steel, HPCL, IOC, BPCL, SBI, Tata Steel, Hindalco are among major gainers on the Indices, while losers are TCS, Tech Mahindra and Wipro.

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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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Market Benchmarks Are In The Red, Tracking Weak Global Cues

Market benchmarks are in the red, tracking weak global cues. Most Asian markets felt the heat of rising tensions between the US and Iran after Iran fired rockets at an Iraqi airbase that hosts US military forces, stoking fears of further sharp escalations in a developing conflict.

The BSE Sensex was 97 points, or 0.24 percent, down at 40,772. Nifty50 was 42 points, or 0.35 percent, down at 12,011 at that time. 

The Indian rupee is trading lower by 17 paise at 72 per dollar versus previous close 71.83.

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Shares Of RBL Bank Climbed By Over A Percent On BSE On January 1

Shares of RBL Bank climbed by over a percent on BSE on January 1, a day after it said it had raised Rs 675.80 crore through preferential allotment of shares. 

RBL Bank on December 31 said it has raised Rs 675.80 crore through preferential allotment of shares, completing total fundraising of Rs 2,701 crore. A total of 1.98 crore shares were allotted preferentially at a price of Rs 340.70 per share on December 30.

Share price of Adani Green jumped 5 percent in the early morning trade on January 1 after the firm commissioned 75 MW wind power project. Adani Renewable Energy, a stepdown subsidiary of Adani Green Energy has commissioned its 75 MW Wind Power Project having Power Purchase Agreement with Maharashtra State Electricity Distribution Company at Rs 2.85/kWh for a period of 25 years.

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

SGX Nifty: Trends on SGX Nifty indicate a positive opening for the broader indices in India, a gain of 30 points or 0.25 percent. Nifty futures were trading around 12,223.50-level on the Singaporean Exchange.

Wall Street ends higher: The Nasdaq crossed the 9,000-point mark for the first time on Thursday as all three major Wall Street indexes posted record closing highs, boosted by optimism over US-China trade relations and gains in shares of Amazon.com after a report signalled robust online holiday sales.

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The Sensex Is Up 5.82 Points Or 0.01% At 41467.08, And The Nifty Up 3.20 Points

It is a flat start for the Indian indices on December 26 with Nifty holding above 12,200.

The Sensex is up 5.82 points or 0.01% at 41467.08, and the Nifty up 3.20 points or 0.03% at 12217.70. About 397 shares have advanced, 183 shares declined, and 48 shares are unchanged.

M&M, Nestle, UPL, Eicher Motors and Titan are among major gainers on the Indices, while losers are Bharti Infratel, RIL, Wipro, Infosys, Yes Bank and Axis Bank.

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L&T Technology Wins Multi-Million-Dollar EPCM Project In Europe

L&T Technology wins multi-million-dollar EPCM project in Europe: The company won a multi-million dollar project from one of the world’s top plastics, chemicals and refining manufacturers, to deliver the entire spectrum of engineering, procurement and construction management services for the expansion of an existing site in Europe.

PSP Projects share price rose 3 percent in the early trade on December 23 after company emerged as lowest bidder for EPC design and build construction of proposed GIDC Tech-Hub at GIFT City, Gandhinagar, Gujarat with bid value of Rs 307.53 crore.

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Lupin Receives Approval For Betamethasone Dipropionate Ointment USP

Lupin receives approval for Betamethasone Dipropionate Ointment USP: The company has received approval for its Betamethasone Dipropionate Ointment USP, 0.05%, from the United States Food and Drug Administration, to market a generic equivalent of Diprolene Ointment, 0.05%, of Merck Sharp and Dohme Corp. The product will be manufactured at Lupin’s Pithampur facility, India.

Equity benchmarks are flat as gains in shares of State Bank of India, ICICI Bank and HDFC Bank were offset by losses in shares of HDFC, Kotak Mahindra Bank and ITC.

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Shares Of Dr Reddy’s Laboratories Climbed By Over A Percent In Morning Trade

Shares of Dr Reddy’s Laboratories climbed by over a percent in morning trade on December 18 after the foreign brokerage firm Credit Suisse maintained an outperform call on the stock. Credit Suisse has set the target price at Rs 3,055 per share of Dr Reddy’s Laboratories.

"Revlimid Litigation is delayed and the trial is now expected to begin in Q2FY21. Revlimid is a large opportunity as it could add more than $500 million net present value even in the worst case," said Credit Suisse.

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Lupin Completes Divestment In Kyowa

Lupin completes divestment in Kyowa: Lupin announced that its subsidiary, Nanomi B.V. has completed the divestiture of the entire stake in Kyowa Pharmaceutical Industry Co. Ltd to Unison Capital Partners IV, LPS and Unison Capital Partners. L.P, pursuant to the satisfactory completion of all customary closing conditions.

Cipla share price added nearly 2 percent on December 17 after company acquired brand name and trademark rights for Vysov & Vysov M of the anti-diabetic drug, Vildagliptin for the Indian market.

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Yes Bank Seeks SEBI Exemption For Its Rs 2,000cr QIP In Jan

Yes Bank is seeking exemption from the Securities and Exchange Board of India's six-month rule for its Rs 2,000 crore qualified institutional placement scheduled for January, reports The Economic Times.

As per SEBI guidelines, there should be a gap at least six months before a company can raise a second QIP. The bank had earlier raised Rs 1,930 crore via a QIP in August.

Share prices of airline companies including Interglobe Aviation, Jet Airways, and SpiceJet gained 1 to 4 percent in the morning trade on December 13, a day after data showed an increase in domestic passenger traffic in the previous month.

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The Heavy Civil Infrastructure Business Of L&T Construction Has Secured

The Heavy Civil Infrastructure business of L&T Construction has secured a prestigious order from Rail Vikas Nigam Limited for the construction of Rishikesh - Karanprayag Tunnel 2 package works comprising tunnels, bridges and formation works in the state of Uttarakhand.

Shares of KEC International gained 2.5 percent intraday on December 12 after Japanese brokerage firm Nomura has initiated coverage on the stock with a buy call and target price of Rs 388, implying 40 percent potential upside from current levels.

"Company's focus on growth with stable margins offers comfort and rising market share amid reduced competition is a key catalyst," the research house said.

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Benchmark Indices Are Holding On Their Morning Gains With Nifty Trading

Benchmark indices are holding on their morning gains with Nifty trading above 11,950 level.

The Sensex is up 147.37 points or 0.36% at 40559.94, and the Nifty up 46.30 points or 0.39% at 11956.50. About 1002 shares have advanced, 504 shares declined, and 98 shares are unchanged.

Ujjivan Small Finance Bank, the subsidiary of microfinance lender Ujjivan Financial Services, settled at Rs 58 on the Bomaby Stock Exchange on December 12 in the pre-opneing session.

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Reliance Capital Dips 5% On Interest Payment Delay

Reliance Capital share price touched 52-week low of Rs 10.90, falling nearly 5 percent on December 11 after delayed in payment on interest / principal obligations due on December 9, 2019.


PC Jeweller share price touched 52-week low of Rs 21.05, down 8.5 percent in the early trade on December 11 after CARE Ratings has downgraded the medium term instrument of the company.

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Wall Street Ended Solidly Higher On Friday As A Strong Jobs Report

Wall Street ended solidly higher on Friday as a strong jobs report and optimism about US-China trade negotiations ahead of an upcoming deadline helped stoke investor risk appetite. All three major US stock indexes gained ground, hovering within 1 percent of record highs set last week.

The Dow Jones Industrial Average rose 337.27 points, or 1.22 percent, to 28,015.06, the S&P 500 gained 28.48 points, or 0.91 percent, to 3,145.91 and the Nasdaq Composite added 85.83 points, or 1 percent, to 8,656.53.

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Reliance Industries Share Price Climbed Almost 2 Percent In Early Trade On December 5

Reliance Industries share price climbed almost 2 percent in early trade on December 5 after Goldman Sachs raised the target price of the stock to Rs 1,850.

The global financial firm reiterated a buy rating on the stock, raising the target price to Rs 1,850 from Rs 1,635.

Goldman Sachs also raised an earnings estimate of the company for FY21 and FY22 and said that the growth and free cash flow are accelerating. CLSA too has a buy recommendation on the stock and raised the target price to Rs 2,010 from Rs 1,710.

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The Sensex Is Down 112.23 Points Or 0.28% At 40563.22, And The Nifty Down 35.60 Points

The Sensex is down 112.23 points or 0.28% at 40563.22, and the Nifty down 35.60 points or 0.30% at 11958.60. About 249 shares have advanced, 391 shares declined, and 31 shares are unchanged.

Bharti Infratel, ICICI Bank, TCS, Wipro, Tata Motors, HUL and Eicher Motors are among major gainers on the Indices, while losers are HCL Tech, JSW Steel, Tata Steel, Vedanta and Hindalco.

Among sectors, except IT all other indices are trading in red led by the metal, auto and infra.

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