MARKET WRAP: Sensex slips 106 pts, Nifty ends at 12,175; financials decline

All that happened in markets today

3:40 PM

SECTOR WATCH | Gainers and losers on the NSE

3:40 PM

MARKET AT CLOSE | Top gainers and losers on the S&P BSE Sensex

3:37 PM

CLOSING BELL

The S&P BSE Sensex slipped 106 points or 0.26 per cent to settle at 41,460 levels while the NSE's Nifty50 ended at 12,175-mark, down 27 points or 0.22 per cent. 

3:25 PM

BROKERAGE RADAR | Anand Rathi Shares on HealthCare Global Enterprises

We retain our Buy recommendation and target price of Rs 175 based on 7x FY22e EV/EBITDA. Further, capex tapering since HCG enters a consolidation phase would result in debt reduction from FY21.

Risks: Price cap by government on oncology treatment, delay in ramping up new centres.

3:11 PM

RESULTS CORNER:: Godrej Industries Q3 consolidated net profit up 29.2% at Rs 156.7 cr

-- Revenue up 11.5 per cent at Rs 2,696.3 cr

-- Ebitda at Rs 158.6 cr

-- Ebitda margin at 5.9%

3:08 PM

SECTOR WATCH:: Nifty IT index off day's lows

3:00 PM

BUZZING STOCK:: IRCON International up 4%

2:57 PM

IndusInd Bank at day's low, slips 4%

2:49 PM

Market check | Sensex pares losses partially

2:43 PM

NEWS ALERT | United Farmers Investment to acquire entire stake held by India Agri Business Fund and Real Trust : BSE filing

>> The Existing Shareholders currently holds 29.91% of the voting equity shareholding in DFL

>> The existing Shareholders will be exiting DFL pursuant to the share purchase agreement executed amongst the Sellers, DFL and the Investor (“SPA”).

>> The Company’s shareholding in DFL will not undergo any change pursuant to the transaction

Alert: United Farmers Investment is a subsidiary of Saudi Agricultural & Livestock Investment Company

2:38 PM

BROKERAGE RADAR :: Motilal Oswal Financial Services on Neuland Labs

With its Q3 FY20 revenue growing 19% to `2bn, Neuland posted a strong recovery in its financial performance. The CMS division continues to be the leading growth driver; besides, the contribution from prime molecules was quite significant (51% of sales, 46% a year ago). On the better product mix and cost-optimisation measures, the EBITDA margin expanded 451bps y/y to 13.8%. The better operating performance helped PAT grow 137% y/y to `111m. We roll over to FY22e and expect momentum in CMS and specialty molecules to help Neuland post revenue/EBITDA/PAT CAGRs of 14%/34%/58% over FY19-22. We maintain our Buy recommendation and target of `644, based on 13x FY22e EPS.

2:24 PM

Pharma stocks trade higher; Dr Reddy's, Divis Labs top gainers

2:16 PM

Rupee check

2:12 PM

RESULTS CORNER:: Gillette India Q3 net profit up 31.6% at Rs 71.1 cr

-- Revenue down 3.4% at Rs 459.3 cr

 

-- Ebitda up 2% at Rs 99.6 cr

 

2:03 PM

Trump's US delegation to have 15 CEOs; business talks likely on February 25

A trade deal is not the only part of US President Donald Trump’s visit that is shrouded in mystery. With just about 10 days to go before Air Force One lands at Ahmedabad airport for a Howdy Modi-like show that had wowed Houston and then flies Trump and his team to New Delhi for a round of hard talk, even the list of business delegation accompanying Trump has been kept under wraps. READ MORE

1:53 PM

NEWS ALERT | Govt considering import restrictions on televisions: sources to CNBC TV18

>> MeitY, Commerce Min mull putting TV under "restricted" list

>> Commerce Min believes TV imports are "non-essential" 

>> FY19 saw $1 billion TV imports from Vietnam and China

Alert: Imports under restricted list need licence from DGFT

1:37 PM

SpiceJet hits 52-week low ahead of Q3 result due tomorrow

1:25 PM

Index Contributors at this hour

1:19 PM

India's IT giants see product-led growth strategy as next big opportunity

In a fireside chat organised by Nasscom as part of its flagship annual IT event, TCS Chief Executive Officer (CEO) and Managing Director (MD) Rajesh Gopinathan, Infosys CEO and MD Salil Parekh, and Wipro Chairman Rishad Premji agreed that while times for the predominantly export-driven IT industry continued to remain challenging, domestic players operating in the space were going to put a major focus on product-led growth strategy. READ MORE

12:59 PM

Telecom dept may send AGR demand letters to Airtel, Voda-Idea next week

The Department of Telecommunications (DoT) plans to send out letters to Bharti Airtel and Vodafone Idea, seeking payment of dues, if the industry’s modification plea on the adjusted gross revenue (AGR) issue is not taken up by the Supreme Court this week. The expectation is that at least the first tranche of the total estimated dues of Rs 1.47 trillion should be paid immediately, based on a self-assessment method. READ MORE 

COMPANY NAME	LATEST	HIGH	LOW	CHG (rs)	CHG(%)	VALUE (rs CR)
VODAFONE IDEA	4.52	4.54	4.41	0.01	0.22	2.50
TATA TELE. MAH.	3.76	3.98	3.33	0.07	1.90	0.37
REL. COMM.	0.70	0.71	0.70	-0.02	-2.78	0.03
BHARTI AIRTEL	533.00	545.00	532.85	-6.55	-1.21	3.03
M T N L	10.32	10.61	10.25	-0.20	-1.90	0.04

12:48 PM

Should you invest your savings in banking and PSU funds?

Banking and PSU funds have given a return of 10.92 per cent over the past year. They invest mostly in bank certificates of deposit and bonds of public sector companies. These funds are much in demand currently because investors have been worried about credit risk for the past year or so. READ MORE

12:41 PM

SECTOR WATCH:: Public sector banks trade higher in a weak market

COMPANY NAME	LATEST	HIGH	CHG(%)
ST BK OF INDIA	329.30	330.85	2.91
UNION BANK (I)	48.45	49.40	-0.72
BANK OF INDIA	63.25	63.85	-0.32
PUNJAB NATL.BANK	55.65	56.20	0.27
BANK OF BARODA	88.65	91.20	0.51

12:25 PM

MARKET CHECK:: Sensex falls 200 pts

12:22 PM

How to invest in an insurance plan and avoid mis-selling

I want to invest my savings in an insurance plan but am afraid of mis-selling. How can I identify and avoid this? To ensure that customers’ interests are well protected, the regulator has laid out stringent guidelines and processes regarding how insurance products are sold. Here are some quick checks you can run. READ MORE

12:10 PM

Budget impact: Shares with DVRs underperform after DDT removal

Shares with differential voting rights (DVRs) have underperformed the broader market since the Union Budget 2020-2021 was presented on February 1. The median loss for such securities after the Budget is 4.5 per cent, compared to a 2.1 per cent gain in the benchmark S&P BSE Sensex. The companies with DVRs include Tata Motors, Future Enterprises, Jain Irrigation Systems and Stampede Capital. The DVRs have also underperformed the ordinary shares of the companies, which are down 3.6 per cent on a median basis. READ MORE

12:09 PM

Market check

12:01 PM

Natco Pharma declines 5%

11:53 AM

Nifty slips below 12,150

11:42 AM

HUL to Relaxo Footwears: Analysts upbeat on consumption-related stocks

Caught midst a lack-of-demand-driven slowdown, consumption stocks have had a bumpy ride thus far in calendar year 2020 (CY2020). In the run-up to the Union Budget for 2020-21, stocks such as Avenue Supermarts, Bharti Airtel, Crompton Greaves Consumer Electricals, Relaxo Footwears, Dabur, and Hindustan Unilever (HUL) rallied between 7 and 20 per cent on hopes of a stimulus package to spur demand. READ MORE

11:34 AM

NEWS ALERT | Avenue Supermart's announcement for OFS likely today: CNBC TV18

-- Avenue Supermarts' OFS to open for HNIs and institutional investors on February 14

-- OFS to open for retail on Monday, February 17