MARKET WRAP: Sensex zooms 237 pts, Nifty holds 12,100; metals gain

All that happened in the markets today

3:51 PM

BSE500 stocks that hit 52-week low today

COMPANY	PRICE(rs)	52 WK LOW	CHG(%)
BASF INDIA	903.00	885.05	-8.99
D B CORP	129.80	128.75	0.08
ENGINEERS INDIA	90.10	89.80	-1.96
GAYATRI PROJECTS	36.05	36.05	-4.88
GHCL	176.10	175.80	-0.25

3:50 PM

Most active stocks by volume

COMPANY	PRICE(rs)	CHG(%)	VOLUME
VODAFONE IDEA	4.82	-4.55	36825421
RELIANCE POWER	1.89	5.00	7986300
YES BANK	36.85	-1.99	5866992
SUZLON ENERGY	2.72	9.68	5861891
INDIABULLS HOUS.	341.85	5.85	3395885

3:49 PM

BSE500 stocks that hit 52-week high today

COMPANY	PRICE(rs)	52 WK HIGH	CHG(%)
ADANI ENTERP.	244.60	248.50	0.00
ADITYA BIR. FAS.	272.95	275.50	5.39
AJANTA PHARMA	1354.95	1424.00	-2.76
ALEMBIC PHARMA	650.00	666.00	1.18
AU SMALL FINANCE	1154.00	1177.95	2.55

3:39 PM

Nifty snapshot at close

3:38 PM

Sensex heatmap at close

3:37 PM

Closing Bell

>> Broad-based buying across sectors lifted the benchmark S&P BSE Sensex to 41,216.14 level, up 236.52 points or 0.58 per cent. NTPC, Maruti Suzuki, Power Grid, and IndusInd Bank, up in the range of 1.6 and 3 per cent, settled the day as the top gainers on the 30-share index. On the flipside, Nestle India, Bharti Airtel, M&M, and TCS were the top laggards.

 

>> On the NSE, the broader 50-share index managed to hold the 12,100-mark and closed at 12,107.90 level, up 76.40 points or 0.64 per cent. 

3:30 PM

Ruchi Soya locked in 10% upper circuit; stock zooms over 105% in 12 days

Shares of Ruchi Soya Industries gained 10 per cent at Rs 34.55 on Tuesday to make it 12 straight sessions when the stock has hit the upper circuit.

Since January 27, 2020 -- when it was re-listed on the stock exchanges after consolidation of equity shares of the company -- the edible oils company's stock price has appreciated by 105 per cent from the level of Rs 16.89 on the BSE. READ MORE

3:23 PM

IRCTC near day's low, down over 5%

3:23 PM

Chalet Hotels zooms 5%

3:05 PM

NEWS ALERT | SEBI approval for SBI cards likely to come today: CNBC TV18

3:00 PM

MARKET UPDATE:: Nifty off day's high, near 12,100 now

2:59 PM

Earnings Alert | Syndicate Bank Q3

>> Net profit at Rs 434.8 crore

>> Gross NPA at 11.33% 

>> Provisions at Rs 1,045 crore

2:55 PM

Delhi Assembly Election Result update

2:51 PM

Index Contributors at this hour

2:42 PM

Budget proposals on DDT, personal tax not to impact MF industry: Templeton

The proposed changes in Dividend Distribution Tax (DDT) and the new income tax system announced in the budget will not have any adverse impact on the mutual fund industry that showed resilience and maintained robust growth amid economic headwinds, a senior mutual fund official said. After the Union Budget was presented on February 1, there had been some apprehensions on the growth of MF sector in the coming days. READ MORE

2:31 PM

Global Markets check

European shares rose to a record high early Tuesday as a slowdown in the rate of new infections in the coronavirus outbreak provided some relief, although markets still worried over the wider global economic impact. The pan-European STOXX 600 index rose as much as 0.7 per cent to a record high of 427.46.

Asian share markets followed Wall Street higher on Tuesday. Investors seemed to be hoping for the best and MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.9 per cent, with Shanghai blue chips ahead by 0.8 per cent.

 

Japan's Nikkei was closed for a holiday, although Nikkei futures traded 0.8 per cent firmer. Futures for the EUROSTOXX 50 rose 0.7 per cent and the FTSE 0.5 per cent.

In commodities, oil prices rose around 1 per cent on Tuesday in sympathy with a rally in equity markets but investors remained jittery over the Wuhan virus that has now killed over 1,000 in China.

Brent crude rose 53 cents, nearly 1 per cent, to $53.80 a barrel, retreating from an intraday high of $54.16. US West Texas Intermediate was up 46 cents, about 1 per cent, at $50.18 a barrel.

2:26 PM

Delhi Assembly Election Result update

Source: Election Commission of India

2:18 PM

GAIL (India) up 7% post December quarter results; analysts maintain 'buy'

The company’s profit before tax (PBT) witnessed quarter on quarter (QoQ) growth of 22 per cent at Rs 1,872 crore in Q3FY20. Net profit, meanwhile, jumped 18 per cent to Rs 1,251 crore from Rs 1,064 crore reported in Q2FY20. The company said rise in profit is mainly due to better physical performance, better margins in the gas marketing and liquid hydrocarbons (LHC) segment. READ MORE

2:10 PM

Top losers on BSE at this hour

1:59 PM

Metals prices outlook revised downward as China battles coronavirus

Prices of agricultural produce, metals, energy and industrial raw materials have fallen 5 per cent to 20 per cent in the last two weeks, as China is the world’s biggest consumer and producer of several commodities. Base metals and oil prices have been particularly hit. The Bloomberg Base metals index has dropped 10 per and Brent by 17 per cent since the outbreak began late last year. READ MORE

1:46 PM

Gold Check

1:33 PM

JSW Steel up 5%

1:19 PM

RESULTS IMPACT:: Dredging Corporation of India climbs 4%

1:10 PM

BROKERAGE RADAR :: HDFC Securities on Oberoi Realty

Reco: Neutral | CMP: Rs 525 | TP: Rs 573

With a muted residential pre-sales backdrop, ORL is utilizing surplus cash flows to build robust lease asset portfolio. Whilst in initial stages of construction and leasing, the rental potential of the ORL portfolio is expected to increase from Rs 3.3bn to Rs 15-18bn over next 3yrs. This shall then become REIT able and unlock value for shareholders. Residential projects sales velocity has been muted except for Borivali project, which is seeing strong demand due to lack of large gated project in the micro market. Mulund is seeing strong over supply with stressed projects being taken over by credible real estate players like L&T/Prestige Estate. ORL is building out affordable luxury product in Thane which shall augur well for volumes recovery/pre-sales velocity. We maintain NEU. Key risks (1) Approvals delays; (2) Continuation of weak underlying demand and (3) Delays in pre-lease tie up of under construction lease portfolio.

1:01 PM

NEWS ALERT | Tata Global Beverages to be called Tata Consumer Products: BSE filing

>> Action follows Scheme of Arrangement for merger being effective from Feb 10

12:51 PM

BSE500 stocks that hit 52-week high today

COMPANY	PRICE(rs)	52 WK HIGH	CHG(%)
ADANI ENTERP.	246.00	247.50	0.57
ADITYA BIR. FAS.	273.05	275.50	5.42
AJANTA PHARMA	1382.20	1403.95	-0.81
ALEMBIC PHARMA	646.20	666.00	0.58
AU SMALL FINANCE	1141.50	1177.95	1.44

12:41 PM

GMM Pfaudler hits record high, rallies 52% in 14 days post Q3 results

Shares of GMM Pfaudler rallied 13 per cent to hit an all-time high of Rs 3,285 on the BSE on Tuesday on the back of heavy volumes. The stock surpassed its previous high of Rs 3,048, touched on February 5, 2020. GMM Pfaudler is a leading supplier of process equipment to the pharmaceutical and chemical industry segments. READ MORE

12:38 PM

Easier RBI asset quality norms puts banks at risk, mar transparency: Fitch

The Reserve Bank of India gave 12 more months for the one-time restructuring scheme for micro, small and medium-sized enterprises (MSMEs). Also it announced a relaxation in asset classification for certain real estate projects, marking a further dilution of the regulator's drive to enhance loan recognition, Fitch said. READ MORE

12:27 PM

NEWS ALERT | 7 macro economic indications show there are green shots in Indian economy: FM in Lok Sabha

-- Global sentiment is in favour of India: FM

-- National infra pipeline will attract more FDI into India: FM

-- PMI is steadily improving: FM

-- Have had high macroeconomic stability in India: FM

12:27 PM

NEWS ALERT | Marksans Phara receives EIR from US FDA for New York unit: BSE filing

>> Receives report wrt Company's manufacturing~ facility Time-Cap Laboratories Inc. located at Farmingdale, New York 

Alert: Inspection carried out between 5th and 18th December 2019.