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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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 HDFC Bank Gained 2.5 Percent Intraday Today Following Strong Loan

Shares of HDFC Bank gained 2.5 percent intraday today following strong loan and deposits growth in quarter ended December 2019.

The country's second largest private sector lender in its BSE filing on January 6 said it registered around 20 percent growth in advances during the quarter YoY.

Advances aggregated to approximately Rs 9.3 lakh crore as of December 2019, against Rs 7.81 lakh crore as of December 2018.

"The bank's deposits aggregated to approximately Rs 10.67 lakh crore as of December 2019, a growth of around 25 percent as compared to Rs 8.52 lakh crore in same quarter last year, it said.

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Sobha Share Price Added Over 2 Percent On January 6 After Company Reported

Sobha gains 2% on better Q3 sales volume: ​Sobha share price added over 2 percent on January 6 after company reported better sales volume numbers in the quarter ended December 2019.

Creditors to Dewan Housing Finance Corp have permitted the company to resume lending operations, starting with Rs 500 crore a month, Mint reports. 

A document from RBI-appointed administrator R Subramaniakumar showed DHFL is recovering Rs 1,700-1,800 crore every month from previous loans, the report said.

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Wall Street's Major Indexes Fell From Record Highs On Friday

Wall Street's major indexes fell from record highs on Friday after a US air strike in Iraq ratcheted up tensions in the Middle East and a bigger-than-expected contraction in the US manufacturing sector raised concerns of slowing economic growth.

The Dow Jones Industrial Average fell 233.92 points, or 0.81%, to 28,634.88. The S&P 500 lost 23 points, or 0.71%, to 3,234.85. The Nasdaq Composite dropped 71.42 points, or 0.79%, to 9,020.77.

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Share Price Of Apollo Hospitals Enterprises Jumped Over 3 Percent On Januuary 2

Share price of Apollo Hospitals Enterprises jumped over 3 percent on Januuary 2 after the company got approval for Apollo Munich deal from CCI, RBI & IRDA.

Share price of auto major Tata Motors gained a percent after global research firm Citi maintained a buy rating on the stock with target at Rs 200 per share.

The firm has a positive stance on the JLR recovery while domestic commercial vehicle and passenger vehicle volumes remain weak in December.

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Benchmark Indices Opened On Positive Note On January 2

Benchmark indices opened on positive note on January 2 with Nifty above 12,200.

The Sensex is up 101.18 points or 0.24% at 41407.20, and the Nifty up 26.70 points or 0.22% at 12209.20. About 474 shares have advanced, 122 shares declined, and 31 shares are unchanged.

Tata Steel, Hindalco, Vedanta, Bharti Infratel, IndusInd Bank, Yes Bank, Tata Motors are among major gainers on the Indices, while losers are Zee Entertainment, Sun TV, Titan and UPL.

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State Bank Of India Share Price Added Over 2 Percent Intraday

State Bank of India share price added over 2 percent intraday on December 27 after research house Citi maintained buy call and raised the target price. 

Citi has raised target to Rs 400 from Rs 375 per share on the back of higher target for SBI Life and higher multiple on core banking business.

Share price of Allahabad Bank zoomed over 8 percent in the early morning trade on December 27 after the government released fresh capital infusion fund of Rs 2,153 crore for the bank.

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Shares Of Bharti Airtel Declined A Percent On December 26

Shares of Bharti Airtel declined a percent on December 26 after African arm has set the issue price for the Airtel Malawi initial public offering.

Airtel Africa Plc, which has presence in 14 countries across Africa, on December 11, had said it would float its local business Airtel Malawi Plc subsidiary on the Malawi Stock Exchange.

Yes Bank share price fell more than 1 percent in the early trade on December 26 on rating downgrade by Brickwork Ratings.

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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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Asian Markets Idled Near 18-Month Highs On Monday

Asian markets trade firm: Asian markets idled near 18-month highs on Monday as volumes weakened ahead of the Christmas holiday break and investors squared off their positions, taking home hefty gains made earlier this month.

SGX Nifty: Trends on SGX Nifty indicate a flat opening for the broader indices in India, a gain of 7.50 points or 0.06 percent. Nifty futures were trading around 12,300-level on the Singaporean Exchange.

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Shares Of Titan Company Climbed Over 2 Percent On BSE

Titan Company shares climb 2%: Shares of Titan Company climbed over 2 percent on BSE ahead of analyst and institutional investor meeting on December 20.

Shares of Bharat Heavy Electricals fell 3 percent intraday on December 20 as Morgan Stanley retained bearish stance on the stock.

Lemon Tree Hotels share price rose 4 percent on December 20 after company opened its first international hotel in Dubai under the company’s brand ‘Lemon Tree Hotel’.

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The Sensex Is Down 38.79 Points Or 0.09% At 41519.78, And The Nifty Down 15.10 Points

The Sensex is down 38.79 points or 0.09% at 41519.78, and the Nifty down 15.10 points or 0.12% at 12206.60. About 336 shares have advanced, 309 shares declined, and 30 shares are unchanged.

M&M, Asian Paints, HDFC bank and Dr Reddy's Lab, TCS, are among major gainers on the Indices, while losers are Tata Steel, Tata Power, IndusInd Bank, ICICI Bank and Bharti Airtel.

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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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Shares Of Tata Steel Gained More Than 2 Percent Intraday On December 18

Shares of Tata Steel gained more than 2 percent intraday on December 18 after a media report suggested that the company may announce the restructuring of the domestic business to unlock value.

Tata Steel BSL also rallied more than 2 percent, Tata Metaliks climbed 4.4 percent and Tata Steel Long Products jumped 8 percent intraday.

Sources told CNBC-TV18 that Tata Steel may form 4 verticals which are long products, mining, Tata Steel and Tata Steel Utilities & Services.

The Tata Group company may look at restructuring listed companies Tata Metaliks and Tata Sponge which both may be named Tata Steel Long Products, sources said, adding that the company may look at restructuring Tinplate in future.

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Maruti Suzuki India Share Price Added 1.5 Percent In The Early Trade

Maruti Suzuki India share price added 1.5 percent in the early trade on December 17 after foreign research house Bank of America Merrill Lynch has upgraded the stock and also raise the target price.

The research house has upgraded its rating on Maruti Suzuki to buy from neutral and raised target to Rs 8,650 from Rs 7,450 per share.

Shares of Tech Mahindra opened with softer gains on December 17 even as most brokerages maintained their positive view on the stock a day after the analyst meet with Tech Mahindra's leadership.

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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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