MARKETS: Sensex zooms 917 pts, Nifty nears 12K; Titan rises 7%, ITC up 4%

All that happened in markets today

3:54 PM

SECTOR WATCH | Top gainers and losers on the NSE

3:54 PM

Top gainers and losers on the S&P BSE Sensex

3:36 PM

CLOSING BELL

The S&P BSE Sensex zoomed 917 points or 2.30 per cent to settle at 40,789 levels while the NSE's Nifty50 index ended at 11,980, up 272 points or 2.32 per cent. 

3:26 PM

MARKET CHECK | Adani Ports up over 0.5% post Q3 nos

3:23 PM

Titan Co jumps 9% post Q3 result; net profit rises 13% YoY to Rs 470 crore

Titan Company on Tuesday climbed 9 per cent to Rs 1,288 on the BSE after the company posted a 12.9 per cent year-on-year (YoY) rise in its standalone net profit at Rs 470 crore for the quarter ended December 31, 2019 (Q3FY20). Tata Group Company had registered a profit of Rs 416.crore in the year-ago quarter. Sequentially, the numbers grew 46 per cent. READ MORE  

 

3:15 PM

MARKET CHECK | Affle India, IRCTC and IndiaMART InterMESH from the S&P BSE IPO index hit all-time high

2:58 PM

Market check | Sensex advances 900 pts

2:54 PM

BROKERAGE RADAR | ICICI Securities on Amara Raja Batteries

For ARBL, we expect sales, EBITDA, PAT to grow at a CAGR of 7.3%, 9.5%, 8.8%, respectively, over FY20E-22E. We believe ancillary players with access to healthy replacement demand would continue to outperform and the same should stand ARBL in good stead. We value the company at 16x FY22E EPS of Rs 47.4/share, with a target price of Rs 760 and maintain HOLD.

2:48 PM

Contribution to S&P BSE Sensex's gain today

2:46 PM

Heatmap: S&P BSE Sensex

2:44 PM

Global Markets check

Asian stocks bounced on Tuesday with Chinese markets reversing some of their previous plunge amid official efforts to calm virus fears, although investor sentiment remained fragile with oil near 13-month lows.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 1.5 per cent, led by gains in South Korea and Australia. Japan’s Nikkei edged 0.6 per cent higher.

 

China’s markets steadied in choppy trade after anxiety over the spreading coronavirus erased some $400 billion in market value from Shanghai’s benchmark index on Monday as markets resumed from the Lunar New Year holiday. The Shanghai Composite gained 1.2 per cent, while the blue-chip CSI300 rebounded 2.5 per cent, one day after a nearly 8 per cent slide on Monday. Hong Kong’s Hang Seng advanced 1 per cent.

European markets were expected to follow suit, with major stock futures trading up around 0.4-0.5 per cent.

2:37 PM

NEWS ALERT | Ministry of Corporate Affairs orders inspections of allegations of corporate governance lapses in ZEEL: CNBC TV18

2:27 PM

Punjab National Bank logs loss of Rs 492 cr in Q3, asset quality improves

State lender Punjab National Bank Tuesday reported a standlone net loss of Rs 492 crore in the December quarter of FY20 (Q3FY20) on account of higher provisions during the recently concluded quarter. However, the bank's asset quality improved on, both, yearly and sequential basis. The bank's gross non-performing assets (GNPA) came in at Rs 76,809.20 crore for Q3FY20, down from Rs 77,733.33 crore reported in the same quarter last year. READ MORE

2:21 PM

Bajaj Auto skids 3% in strong market as January sales decline

Shares of Bajaj Auto slipped 3 per cent to Rs 3,176, on the BSE on Tuesday as investors booked profits after the company reported 22 per cent decline in domestic two-wheelers sales for January. The stock has fallen 4 per cent from intra-day high level of Rs 3,313. At 01:45 pm, Bajaj Auto was the top loser among the S&P BSE Sensex stocks. In comparison, the benchmark index was up 2.1 per cent at 40,709 points. READ MORE

2:10 PM

Titan Co gains around 3% post Q3 results

2:01 PM

Piramal Enterprises gains post Q3 results

1:58 PM

MARKET UPDATE:: Nifty past 11,950 levels, nears 12k

1:50 PM

RESULTS CORNER:: PNB reports net loss of Rs 492.3 crore in Q3FY20

-- Net NPA at 7.18% vs 7.65% (QoQ)

-- Gross NPA at 16.3% vs 16.76% (QoQ)
 

-- Gross NPA at Rs 76,809 cr vs 79,458.1 cr (QoQ)

-- Net NPA at Rs 30,519 cr

-- Net Interest Income (NII) at Rs 4,355 cr

-- Provisions at Rs 4,146 cr 

1:46 PM

Rupee check

1:38 PM

RESULTS UPDATE:: Adani Green consolidated net loss for Q3FY20 at Rs 124 cr vs loss of Rs 118 cr (YoY)

-- Consolidated revenue up 10.8 per cent at Rs 504 cr

-- One-time loss at Rs 74.1 cr

1:31 PM

Cement shares in focus; Shree Cement hits record high, UltraTech up 3%

Shares of cement companies were trading higher for the second straight day on Tuesday on expectation of revival in demand going forward. While there were no specific announcements in the Budget pertaining to the cement industry, demand for the commodity will pick up due to announcements related to infrastructure, housing and rural development. READ MORE

1:21 PM

Nifty Commodity Index trades 2.5% higher

1:09 PM

Five reasons for the 800-point rally in the S&P BSE Sensex on Tuesday

The benchmark S&P BSE Sensex gained over 800 points at 40,670 levels in intra-day trade and the broader Nifty50 index was up 230 points at 11,940 level. All the Nifty sectoral indices are trading in the green. Nifty Bank, Nifty Financial Service, Nifty Metal, and Nifty Private Bank indexes all gained over 2 per cent each. READ MORE

12:59 PM

Market check | Indices off day's high

12:51 PM

NEWS ALERT | Max Financial-Hero Corp deal likely to have hit a roadblock: sources to CNBC TV18

>> Hero Corp was in talks with Analjit Singh to buy stake

>> Hero MotoCorp unable to find partner to buy Analjit Singh's stake

>> Exclusivity timeline between Hero Corp and Max Fin ends on Feb 8

>> Singh looking to partially sell his stake to deleverage his pledged position

>> Analjit Singh could restart talks with Axis Bank for a possible deal

12:50 PM

BUZZING STOCK | HUL declines over 1%

12:40 PM

Earnings Alert | Piramal Enterprises Q3 results

>> Cons net profit at Rs 725 cr

>> Cons Revenue at Rs 3,806 cr

12:37 PM

India VIX slips 7%

12:35 PM

MARKET CHECK

12:30 PM

Granules India divests entire stake in JV Biocause Pharmaceutical

Granules India Ltd on Tuesday said it has divested its entire stake in Granules-Biocause Pharmaceutical Co Limited, a joint venture company located in China.

 

Last year, Granules India had intimated about the divestment of the entire stake of the JV company for a total consideration of RMB 109 million (around Rs 110.8 crore). READ MORE