MARKET WRAP: Indices hit new highs, Nifty tops 12,350; IndusInd Bk slips 4%

All that happened in the markets today

3:39 PM

NSE snapshot at close

3:38 PM

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

3:38 PM

Closing Bell

>> At close, the Sensex was at 41,952.63 level, up 92.94 points or 0.22 per cent, lifted by gains in HDFC, ITC, Axis Bank and TCS.

>> On the NSE, the Nifty50 settled 30.35 points, or 0.25 per cent, higher at 12,359.90-mark.

3:28 PM

NEWS ALERT | IndusInd Bank likely to have declared DHFL as 'fraud' in Q3: sources to CNBC TV18

3:24 PM

NEWS ALERT | SpiceJet to launch four new domestic flights

• Connects Ahmedabad with Aurangabad for the first time on its network
   
• Enhances frequency on Mumbai-Mangalore sector

3:13 PM

Inflation expert Michael Patra to be new deputy governor of RB

Patra, as executive director of the central bank was heading the Monetary Policy department, his core area of expertise and something with which he was closely associated since March 2006. With his appointment, the RBI now has four deputy governors. READ MORE

Michael Patra

2:53 PM

Market check | Sensex gains 100 pts

2:46 PM

MARKET UPDATE:: Nifty hits 12,350

2:42 PM

Most active stocks by volume

COMPANY	PRICE(rs)	CHG(rs)	CHG(%)	VOLUME
YES BANK	38.25	-3.85	-9.14	15674520
VODAFONE IDEA	6.11	-0.06	-0.97	10442507
RELIANCE POWER	2.48	-0.08	-3.13	5613819
SUZLON ENERGY	2.39	-0.09	-3.63	4269567
BHARTI AIRTEL	470.00	1.15	0.25	2687625

2:32 PM

BSE500 stocks that hit 52-week high today

COMPANY	PRICE(rs)	52 WK HIGH	CHG(rs)	CHG(%)
ALKEM LAB	2325.30	2351.60	-13.10	-0.56
AVANTI FEEDS	645.00	648.20	30.75	5.01
BALKRISHNA INDS	1068.00	1070.00	30.60	2.95
BALRAMPUR CHINI	191.50	194.50	0.30	0.16
BIRLA CORPN.	725.55	736.05	23.75	3.38

2:27 PM

STOCK UPDATE:: IndusInd Bank pares all gains

2:20 PM

IndusInd Bank reports 32% YoY rise in Q3 net profit; asset quality stable

The bank reported a standalone net profit of Rs 1,300 crore, up 32 per cent year-on-year from Rs 985.03 crore logged in the same quarter of the previous fiscal (Q3FY19). Sequentially, the profit dipped 6 per cent from Rs 1,383.37 crore reported in Q2FY20. Besides, the bank's net interest income came in at Rs 3,074.02 crore. READ MORE

2:10 PM

Broader markets continue their good run, outperform benchmarks

1:59 PM

Asian Markets check

Asian shares rose on Tuesday, amid signs of goodwill between China and the United States, as the world’s two biggest economies prepared to sign a truce in their trade war.

Japan’s Nikkei added 0.7 per cent to hit its highest in a month. Australian shares rose by the same margin to close at a record.

Hong Kong’s Hang Seng and Shanghai blue chips also hit multi-month peaks.

1:43 PM

IndusInd Bank's Q3 net profit up 32% at Rs 1,300 cr vs 985 cr (YoY)

-- Gross NPA at 2.18% vs 2.19% (QoQ)
 

-- Net NPA at 1.05% vs 1.12% (QoQ)

-- Net NPA at Rs 2,173 crore vs Rs 2203 (QoQ)
 

-- NII at Rs 3, 074 cr 

-- Provisions at Rs 1,043.4 cr vs Rs 737.7 cr (QoQ)
 

-- Gross NPA at Rs 4,578 cr vs 4,370.2 cr (QoQ)

1:34 PM

CSB Bank hits new lifetime low of Rs 194.65, falls below issue price

Shares of recently-listed CSB Bank continued to remain under pressure and dipped 1.7 per cent to Rs 194.65 on the BSE on Tuesday. The stock has thus fallen below its issue price of Rs 195. The Kerala-based bank was trading at its lowest level since its listing on December 4, 2019. CSB Bank had made a strong debut at the bourses at Rs 300, a 54 per cent premium to its issue price. The stock has since erased all its listing gains, and tanked 38 per cent from its life-time high of Rs 314, touched on the second day of its listing. READ MORE

1:30 PM

Bandhan Bank dips 3% as Q3 NNPA rises 46% QoQ, profit stands at Rs 731 cr

Shares of Bandhan Bank slipped 2.8 per cent to Rs 499 on the BSE on Tuesday after the bank put up a weak December quarter (Q3FY20) show on sequential basis. The lender's net profit declined 25 per cent to Rs 731 crore from Rs 971.79 crore logged in the September quarter of the current fiscal (Q2FY20), along with a deteriorating asset quality. READ MORE

 

1:28 PM

NEWS ALERT | RBI ED Janak Raj may get seat in the MPC: CNBC TV18

1:10 PM

YES Bank extends fall, down 8% now

1:04 PM

Larsen & Toubro slides 1%

12:49 PM

Bandhan Bank Q3 results | Net profit at Rs 731 cr vs Rs 331 cr (YoY)

-- Gross NPA at Rs 1,182 cr vs Rs 1,064.2 cr (QoQ)
 

-- Gross NPA at 1.93% vs 1.76% (QoQ)

-- Net NPA at 0.81% vs 0.56% (QoQ)

-- Net interest income (NII) at Rs 1,540.3 cr 

-- Provisions at Rs 295 cr

- Net NPA at Rs 491.4 cr

 

12:44 PM

Nifty sectoral indices at this hour

12:37 PM

Rupee check

12:33 PM

Recovery in economic growth may be marred by drastic expenditure cuts

However, drastic expenditure cuts by the Centre and state governments may drag down the expansion to even below five per cent, which has been pegged by the advance estimates for 2019-20. If the Centre cuts expenditure by Rs 2 trillion, coupled with outlay compression by states, the growth rate would be severely hit, warn economists. READ MORE

12:28 PM

Wholesale inflation rises to 2.59% in December on higher food prices

Wholesale prices-based inflation rose to 2.59 per cent in December, as against 0.58 per cent in November due to increase in prices of food articles, according to data released by the Ministry of Commerce and Industry on Tuesday. The annual rate of inflation, based on monthly wholesale price index (WPI), stood at 3.46 per cent in December 2018. READ MORE

12:20 PM

Index Contributors at this hour

12:12 PM

NEWS ALERT | October WPI inflation revised to 0% from 0.16%

For December --

>> Manufactured products inflation at -0.25% vs -0.84% (MoM)

>> Onion inflation at 455.83% vs 172.30% (MoM)

>> Eggs, meat, fish inflation at 6.21% vs 8.15% (MoM)

>> Vegetables inflation at 69.69% vs 45.32% (MoM)

12:02 PM

NEWS ALERT | December WPI inflation at 2.59% vs 0.58% (MoM)

-- December Wholesale Fuel and Power inflation at -1.46% vs -7.32% (MoM)

-- Food inflation at 11.05% vs 9.02% (MoM)

11:58 AM

NEWS ALERT | ICRA places Adani Ports' rating on watch with negative implications: CNBC TV18

11:56 AM

STOCK ALERT :: Rakesh Jhunjhunwala buys additional 16.2 lakh shares in Dec quarter

Click here for latest shareholding pattern