MARKET WRAP: Indices end flat, Nifty holds 12,250; auto, metal stocks shine

All that happened in markets today.

4:11 PM

MARKET COMMENT | Vinod Nair, Head of Research, Geojit Financial Services

Market was range-bound, premium valuation and lack of fresh triggers influenced investors to take cautious approach on heavyweights. But reasonable valuation of mid & small caps attracted inflows leading to outperformance in the broad market. We expect this polarized valuation not to sustain, there could be shift of money from the overvalued large caps to midcaps in 2020.

3:42 PM

Most active stocks by volume

COMPANY	PRICE(rs)	CHG(rs)	CHG(%)	VOLUME
VODAFONE IDEA	6.16	0.33	5.66	30391776
SUZLON ENERGY	1.86	-0.12	-6.06	7361672
YES BANK	47.35	-0.65	-1.35	6879229
SPICEJET	110.25	6.55	6.32	2585598
RELIANCE POWER	3.48	0.05	1.46	2381120

3:41 PM

BSE500 stocks that hit 52-week high today

COMPANY	PRICE(rs)	52 WK HIGH	CHG(rs)	CHG(%)
AMBER ENTERP.	1136.00	1138.00	42.60	3.90
APL APOLLO	1844.00	1844.00	62.40	3.50
BAJAJ FIN.	4245.50	4280.00	-7.20	-0.17
BALRAMPUR CHINI	183.30	187.00	-1.25	-0.68
COROMANDEL INTER	525.70	530.80	2.00	0.38

3:40 PM

Nifty sectoral indices at close

3:40 PM

Top gainers and losers on S&P BSE Sensex at close

3:38 PM

Closing Bell

> The benchmark S&P BSE Sensex dipped 17.14 points or 0.04 per cent to 41,558

 

>> On the NSE, the broader Nifty50 settled with 14.80 points, or 0.12 per cent, gain at 12,260.60

3:36 PM

Closing Bell

3:28 PM

Jindal Steel & Power hits over 6 month high; stock up 23% in two weeks

Shares of Jindal Steel & Power (JSPL) gained 4 per cent on the BSE on Monday to hit an over six-month high of Rs 168 on expectation of improved earnings going forward. The stock of the OP Jindal Group company was trading at its highest level since June 14, 2019. In the past two weeks, JSPL's stock rallied 23 per cent after the company commissioned its fourth coke oven battery at Angul plant making it self-sufficient in coke requirement. In comparison, the S&P BSE Sensex was up 1.5 per cent during the same period. READ MORE

3:09 PM

MARKET UPDATE:: Sensex pares losses, turns flat

2:59 PM

Heatmap: S&P BSE Sensex

2:50 PM

BSE500 stocks that hit 52-week high today

COMPANY	PRICE(rs)	52 WK HIGH	CHG(rs)	CHG(%)
AMBER ENTERP.	1132.20	1137.70	38.80	3.55
APL APOLLO	1821.00	1836.00	39.40	2.21
BAJAJ FIN.	4255.70	4280.00	3.00	0.07
BALRAMPUR CHINI	182.95	187.00	-1.60	-0.87
COROMANDEL INTER	523.55	530.80	-0.15	-0.03

2:48 PM

BUZZING STOCK:: SpiceJet zooms 6%

2:45 PM

Chemical stocks rally; IG Petro, Bodal Chemicals hit 20% upper circuit

COMPANY	LATEST	PREV CLOSE	GAIN( )	GAIN(%)	VOLUME
I G PETROCHEMS	162.45	135.40	27.05	19.98	41028
BODAL CHEMICALS	69.05	57.55	11.50	19.98	260770
BALAJI AMINES	404.00	360.20	43.80	12.16	37269
THIRUMALAI CHEM.	73.70	65.85	7.85	11.92	304882
BHAGERIA INDUST.	111.20	101.70	9.50	9.34	24718

  

2:36 PM

BROKERAGE RADAR | Anand Rathi Research on Dishman Carbogen

Dishman remains fully committed to scaling up its business and primary growth drivers like commercialization of molecules in late phase 3 (18 molecules) and global dominance in Vitamin D are likely to help Dishman report revenue and PAT CAGR of 11% and 15% respectively over FY19-21. We revise target price to Rs 227 (earlier Rs 362) based on 10x PER (in-line with historical average) on FY21e EPS of Rs 23.

Risks: Currency fluctuations, regulatory hurdles, deferred orders.

2:29 PM

MARKET UPDATE:: Infosys down 1% after block deals; top loser among Sensex stocks

2:26 PM

Asian Markets check

A broad gauge of Asian share markets rose to an 18-month high on Monday as Chinese equities gained, while oil touched three-month highs on a combination of US crude inventory drawdowns, trade optimism and unrest in the Middle East.

But European shares were expected to open lower as investors take a breather from recent rallies. In early European trade, the pan-region Euro Stoxx 50 futures STXEc1 were down 0.16 per cent at 3,764, German DAX futures FDXc1 were down 0.22 per cent at 13,291.5 and FTSE futures FFIc1 were down 0.11 per cent at 7,578.5.

 

MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose to its highest since June 19, 2018, before trimming gains. It was last up 0.05 per cent. Australian shares finished 0.25 per cent lower as investors continued to consolidate recent gains.

 

Japan's Nikkei stock index finished its last trading day of the year down 0.76 per cent. The index gained 18.2 per cent in 2019 after dropping 12.8 per cent last year.

2:20 PM

Rupee check

1:58 PM

BUZZING STOCK:: Balaji Amines surges 13%

1:51 PM

Adani Green, Adani Transmission: Trading strategies for Adani Group stocks

Adani Group stocks remained in focus in the year 2019, with most of them outperforming the benchmark index Nifty. Adani Green alone surged over 261 per cent during the year. Among other stocks, Adani Transmission Limited gained 66.38 per cent, while Adani Gas was up 54.46 per cent, Adani Enterprises climbed 29.88 cent, and Adani Power 18.25 per cent. READ MORE

1:44 PM

Tata Motors surges 54% in December quarter; sees sharpest gain in 10 years

Shares of Tata Motors were up nearly 3 per cent to Rs 181 on the BSE on Monday, gaining more than 50 per cent in October-December quarter. The stock of Tata Group automobiles company is set to post its sharpest quarterly gain in the past one decade. Thus far in the fourth quarter of current calendar year 2019 (Q4CY19), shares of Tata Motors have rallied 54 per cent, as compared to 7.5 per cent rise in the S&P BSE Sensex. The stock hit a 52-week low of Rs 106 on September 4, 2019. READ MORE

1:35 PM

With mandatory pre-trade allocation, Sebi to plug IPO-arbitrage in MFs

The Securities and Exchange Board of India (Sebi) wants to plug the arbitrage play that mutual fund (MF) houses deploy during initial public offering (IPO) to benefit one scheme over another. To meet this end, the market watchdog wants to make pre-trade allocations mandatory for all institutional investors. “By not informing in advance, which scheme would get what allocation, there is a gap in the system that can be easily misused. Post-allocation, some fund managers can take their own call on which scheme should get the allotted shares, depending upon their view of the company,” said a senior executive of a fund house. READ MORE

1:16 PM

MARKET CHECK | Wockhardt at day's low

12:56 PM

MARKET CHECK | Top losers from BSE500 pack

SUZLON ENERGY	1.87	1.98	-0.11	-5.56	5621067
CORPORATION BANK	25.35	26.35	-1.00	-3.80	73644
I O B	11.60	11.99	-0.39	-3.25	67193
ARVIND FASHIONS.	369.00	381.00	-12.00	-3.15	2923
ICICI SEC	415.05	427.90	-12.85	-3.00	348567

  

12:48 PM

BROKERAGE RADAR | Emkay Global Financial Services on NMDC

We have factored in 2mt/3mt incremental production/sales in FY21/22E, considering the expansion of mining plan. This results in EBITDA increase by 8%/10% for FY21/22E. We maintain Buy on NMDC with a revised TP of Rs145 (Rs133 earlier) and increase our OW position in sector EAP. The key risk is a smooth transition of iron ore ownership after Mar’20, resulting in a sharp price reduction in domestic markets. 

12:42 PM

BUZZING STOCK | Monte Carlo advances 9%

12:29 PM

Contribution to S&P BSE Sensex's fall today

12:16 PM

EXPERT VIEW | Prince Pipes makes a tepid debut at the bourses

"On the expected line, Prince Pipes made a debut in the secondary market with a 10% discount to its issue price. It looks attractive by its valuation but there is a question mark on its corporate governance. There are concerns regarding related party transactions and pledging of promoter's shares. Investors are advised to avoid this stock and look for other quality stocks in the same space," said Santosh Meena, Senior Analyst at TradingBells. 

12:14 PM

Essel Propack jumps nearly 7%

12:07 PM

BUZZING STOCK | Infibeam Avenues surges around 7%

12:00 PM

Investment lessons of 2019: Focus on reducing risk, choose your bank wisely

When it comes to investing, skill is extremely important. However, experience is perhaps the greatest teacher. Experience makes us aware of the various risks that exist. This awareness changes one’s approach so that from merely focusing on higher returns, we also begin to focus on risk mitigation. Let us take a look at some of the key lessons that 2019 taught us. READ MORE