MARKET WRAP: Indices snap 3-day losing streak, Sensex up 411 pts; PSBs gain

All that happened in the markets today

3:41 PM

Contribution to S&P BSE Sensex's gain today

3:40 PM

Most active stocks by volume

COMPANY	PRICE(rs)	CHG(rs)	CHG(%)	VOLUME
VODAFONE IDEA	5.83	-0.22	-3.64	17265082
YES BANK	47.95	-0.75	-1.54	8842560
SUZLON ENERGY	1.97	-0.04	-1.99	7270745
INDIABULLS HOUS.	299.65	2.40	0.81	2560846
RELIANCE POWER	3.42	0.03	0.88	2490662

3:40 PM

BSE500 stocks that hit 52-week high today

COMPANY	PRICE(rs)	52 WK HIGH	CHG(rs)	CHG(%)
ADANI GREEN	151.40	164.00	-4.80	-3.07
AMBER ENTERP.	1090.40	1112.95	13.00	1.21
APL APOLLO	1780.00	1790.00	71.15	4.16
BALRAMPUR CHINI	185.15	185.15	10.00	5.71
COROMANDEL INTER	524.45	528.00	0.30	0.06

3:39 PM

Nifty sectoral indices at close

3:38 PM

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

3:37 PM

Closing Bell

>> The benchmark S&P BSE Sensex surged 411.38 points or 1 per cent to 41,575.14.

 

>> On the NSE, the broader Nifty50 settled with 119.25 points, or 0.98 per cent, gain at 12,245.80.

3:36 PM

Closing Bell

3:22 PM

Yield on LIC's investment portfolio slipped to 8-year low of 7.59% in FY19

Poor industrial growth and the downward pressure on bond yields and interest rates have begun to take a toll on the investment portfolio of Life Insurance Corporation of India, probably the country's single-largest investor in fixed income securities and the equity market. READ MORE

3:21 PM

NEWS ALERT | ITD Cementation bags order worth $80 mn in Myanmar

3:10 PM

BUZZING STOCK | MRF surges 3%

3:09 PM

Market check

3:04 PM

NEWS ALERT | LIC cuts stake in L&T by 2.01% to 14.25% since June 11: TV reports

2:45 PM

Buzzing | Equitas Holdings gains over 3.5%

2:38 PM

NEWS ALERT | Wockhardt promoter created pledge on 72 lakh shares (6.5% equity) on Dec 23: CNBC TV18

2:34 PM

BUZZING STOCK | Tech Mahindra gains over 1%

2:31 PM

Pharma stocks trade higher

COMPANY	LATEST(rs)	CHG(rs)	CHG(%)	VOLUME
DISHMAN CARBOGEN	82.15	2.85	3.59	486150
SUN PHARMA.INDS.	425.95	3.65	0.86	85025
BIOCON	291.00	1.45	0.50	50958
JUBILANT LIFE	520.30	0.35	0.07	50340
AUROBINDO PHARMA	463.55	3.85	0.84	48353

2:23 PM

Asian Markets check

Asian shares scaled an 18-month high on Friday while oil prices stayed buoyant in a holiday-shortened week, as investor optimism improved on hopes a US-China trade deal would soon be signed.

Traders returned from their Christmas and Boxing Day break to digest comments from Beijing that it was in close contact with Washington about an initial trade agreement, shortly after US President Donald Trump talked up a signing ceremony for the recently struck Phase 1 trade deal.

 

In early European trade, the pan-region Euro Stoxx 50 futures added 0.4 per cent, German DAX futures rose 0.6 per cent while FTSE futures were up 0.5 per cent.

 

MSCI’s broadest index of Asia-Pacific shares outside Japan jumped 0.7 per cent to 555.42, a level not seen since mid-2018. It is up more than 16 per cent so far this year. Japan’s Nikkei was off 0.4 per cent, but on track for a near 19 per cent rise this year, matching the annual increase of 2017. Australia’s benchmark index rose 0.4 per cent. Chinese shares gave up early gains with the blue-chip CSI300 down 0.1 per cent.

(via Reuters)

2:11 PM

NEWS ALERT | ICRA reaffirms long-term rating at AA & short-term at A1+ : Page Ind via BSE Filing

2:07 PM

NEWS ALERT | Reliance Infra receives Rs 94 cr out of arbitration award of Rs 350 cr from Goa Govt: BSE filing

>> Proceeds to be used for payment to lenders & reducing debt

1:59 PM

BROKERAGE RADAR :: Geojit Financial Services on PVR

Q2FY20 revenue grew by ~37% on a YoY basis owing to better box office and F&B collections. F&B spend per head grew by ~38% YoY while Ad income rose by 16% (YoY). We therefore forecast F&B to witness good momentum in FY21. However  ATP continued to witness marginal decrease of -3%(YoY) which was in line with our expectations. SPI cinema posted an average performance while ATP increased (Rs 162 vs Rs 152) due to strong traction from Hollywood movies. We revise upward our FY20E & FY21E EBITDA estimates by 6% & 10% resp. and increase the PAT estimates by 5% & 12% resp. and upgrade the rating to Buy with a revised TP of Rs 2,115 at 2.8x FY21E EV/Sales.

 

 

1:53 PM

Reliance Industries up over 1%

1:43 PM

Heatmap: S&P BSE Sensex

1:34 PM

MARKET UPDATE:: Nifty gains over 100 pts

1:24 PM

Sugar stocks rally for second straight day; Balrampur Chini hits 13-yr high

Balrampur Chini Mills surged 5 per cent to Rs 183 in the intra-day trade, to quote at its highest level since May 2006. The stock had hit an all-time high of Rs 205 on April 2006. In the past one month, it has outperformed the market by zooming 24 per cent, as compared to a per cent rise in the S&P BSE Sensex. READ MORE

1:16 PM

BUZZING STOCK | SpiceJet climbs nearly 7%

1:14 PM

BSE500 stocks that hit 52-week high today

COMPANY	PRICE(rs)	52 WK HIGH	CHG(rs)	CHG(%)
ADANI GREEN	156.00	164.00	-0.20	-0.13
AMBER ENTERP.	1101.00	1112.95	23.60	2.19
APL APOLLO	1740.90	1760.00	32.05	1.88
BALRAMPUR CHINI	182.90	183.30	7.75	4.42
COROMANDEL INTER	523.70	528.00	-0.45	-0.09

1:06 PM

Nifty sectoral indices at this hour

12:57 PM

BROKERAGE RADAR | Motilal Oswal Financial Services on ONGC

The stock is trading at 5.0x FY21E consolidated EPS of INR27.3. We value the company at 8x FY21 standalone EPS of INR19.9 (excluding other income) adding the value of investments; we reiterate Buy rating with TP of Rs 190. 

12:48 PM

Battered by slowdown, auto industry pins hopes on 2020 for turnaround

The industry's hopes are also in line with expectations that the economy would finally come out of the slump, drawing people back to the showrooms. Yet, the challenges of transition to stricter emission norm BS-VI from BS-IV and compliance to new safety norms thereby making vehicles costlier are lurking around the sector. READ MORE

12:39 PM

Scrapped listing plan weighs on Reliance Retail's unlisted shares

Trades in Reliance Retail’s unlisted shares are said to have been affected by the announcement of a scheme through which the company’s shares would be exchanged for a stake in the parent company, Reliance Industries Limited (RIL). READ MORE