MARKET WRAP: Benchmarks cautious on first day of CY20; Sensex up 52 pts

All that happened in the markets today

3:40 PM

Sectoral trends at NSE at close

3:40 PM

Sensex heatmap at close

3:39 PM

Closing Bell

The S&P BSE Sensex ended 52.28 points, or 0.13 per cent, higher at 41,306.02 level, while the broader Nifty50, on the NSE, ended at 12,189.70-mark, up 21.25 points or 0.17 per cent.

3:28 PM

Dec Auto Sales | Atul Auto :: Total sales down 5.4% YoY at 4,100 units

3:15 PM

NEWS ALERT | NMDC: Dec Iron Ore production at 3.13 mt Vs 3.10 mt (YoY)

3:05 PM

Sugar stocks in a sweet spot; Dwarikesh, Shree Renuka surge over 12%

Shares of sugar companies continued to advance and rallied up to 17 per cent on the BSE on Wednesday on expectations of earnings improvement as lower cane crushing, and, subsequent decline in sugar production. READ MORE

2:53 PM

Slowdown set to worsen in 2020, but Budget may help turn the tide: CEO poll

A survey of 50 CEOs, conducted by Business Standard across the nation in December, shows that 52 per cent of the business leaders expect the slowdown to worsen in 2020, while 42 per cent believe the worst is now behind. READ MORE

2:41 PM

NEWS ALERT | YES Bk capital infusion :: SPGP Holdings may have extended term sheet date to Jan end: sources to CNBC TV18

Alert: SPGP Holdings is backed by Erwin Braich

2:21 PM

MARKET CHECK | Top 5 gainers on the BSE at this hour

2:15 PM

Maruti Suzuki records 2.4% y-o-y rise in car sales during December 2019

With total sales of 133,296 passenger vehicles, the country's leading carmaker Maruti Suzuki India has recorded 2.4 per cent year-on-year rise in car sales in the domestic market during December, as higher demand for compact models such as New WagonR offset a slump in small cars. READ MORE   

2:07 PM

Dec Auto Sales | Escorts :: Total sales down 10.5% YoY

1:58 PM

APL Apollo Tubes gains 3%, hits 52-week high on strong Q3 sales volume

Shares of APL Apollo Tubes hit a 52-week high of Rs 1,939, up 3 per cent, on the BSE on Wednesday after the company reported a strong 53 per cent year on year (YoY) jump in sales volume in October – December quarter (Q3FY20). READ MORE   

1:50 PM

Quality mid-caps can outperform next year: Mirae Asset's Swarup Mohanty

We expect gradual recovery in the demand environment next year, driven by low interest rates, government spending, and rural recovery, said SWARUP MOHANTY, chief executive officer, Mirae Asset Global Investments (India). He tells Ashley Coutinho valuation of mid-cap discount to large-caps may narrow in 2020 as risk aversion goes down. READ MORE   

1:41 PM

Sector Watch | S&P BSE PSU index trades 0.3% higher

1:28 PM

NEWS ALERT | China Central Bank cuts Reserve Requirement Ratio by 50 bps

>> Says, cut aimed at supporting economy and growth

1:22 PM

Risk aversion, small-cap slump hit SME IPOs as collections drop 73%

Collections from public share sales of small and medium enterprises (SMEs) in 2019 have dropped 73 per cent over the previous year to Rs 617 crore, given that risk aversion among investors and the fall in mid- and small-cap stocks have hit investor sentiment. The number of listings reduced by a third in 2019, over the previous calendar year (CY). READ MORE

1:12 PM

Dec Auto Sales | SML Isuzu :: Total sales down 32.8% YoY at 549 units

1:10 PM

NEWS ALERT | ICICI Bank cuts lending rate by 5 bps across tenures effective today

1:08 PM

Dec Auto Sales | Mahindra & Mahindra :: Passenger Vehicles segment grows 4% YoY

>> Commercial Vehicle sales at 16,018 units, down 5% YoY

>> 3 Wheelers at  5,372 units, up 14% YoY

>> Total domestic sales at 37,081 units, up 1%

>> Total exports at 2,149 units, down 30%

>> Total sales down 1% 

1:00 PM

NEWS ALERT| Pradeep Banerjee, Executive Director, Supply Chain at HUL to step down from the Board: BSE filing

>> Says, Pradeep Banerjee, Whole-time Director, designated as an Executive Director, Supply Chain would be stepping down from the Board, as his contract of service came to an end on 31st December, 2019.

12:54 PM

Market share gain makes Coromandel a preferred pick among fertiliser stocks

The stock of Coromandel International has been hitting its yearly highs. It is the preferred pick in the fertiliser space. An increase in rabi sowing and volume growth in fertilisers has led to a bullish view on the company. READ MORE  

12:52 PM

Dishman Carbogen falls 10% amid report I-T dept found unaccounted money

On December 26, the stock of the pharmaceutical company hit an all-time low of Rs 71, falling 41 per cent in five trading days, after the company said I-T Department conducted day-long 'search and survey operation' at the properties of the pharma major on December 19. READ MORE   

12:37 PM

Escorts trades weak, slips 3% ahead of December sales numbers

In November 2019, the agri-machinery segment of Escorts had registered 4.5 per cent decline in sales of tractors at 7,642 units. It had sold 8,005 units in November 2018. Domestic tractor sales in November 2019, dropped to 7,379 units against 7,641 units a year-ago, the company said in a regulatory filing. READ MORE  

12:28 PM

Will the Rs 102 trillion infra plan boost L&T and other companies?

Analysts, in unison, gave a thumbs up to the latest measure by the government to boost the sagging economy; however, they cautioned that in order to bring about meaningful and sustainable recovery, a lot needs to be done as regards existing issues. Yesterday's announcement could be sentimental positive for the stocks. READ MORE

12:19 PM

NEWS ALERT

12:13 PM

NEWS ALERT | Special Court allows SBI to liquidate Vijay Mallya's assets: CNBC TV18

12:11 PM

Stocks that hit 52-week high on BSE

COMPANY	PRICE(rs)	52 WK HIGH	CHG(rs)	CHG(%)
ADANI GREEN	173.60	174.80	7.10	4.26
ASTER DM HEALTH.	166.40	170.70	5.80	3.61
AVANTI FEEDS	606.85	608.80	22.35	3.82
COROMANDEL INTER	531.60	534.75	-0.70	-0.13
GUJARAT GAS	247.65	249.85	10.05	4.23

11:47 AM

Drugmakers from Pfizer to GSK to hike US prices up to 10% on over 200 drugs

Drugmakers including Pfizer Inc , GlaxoSmithKline PLC and Sanofi SA are planning to hike U.S. list prices on more than 200 drugs in the United States on Wednesday, according to drugmakers and data analyzed by healthcare research firm 3 Axis Advisors.

 

Nearly all of the price increases will be below 10%, and around half of them are in the range of 4 to 6%, said 3 Axis co-founder Eric Pachman. The median price increase is around 5%, he said. READ MORE

11:39 AM

Adani Green hits life-time high on commissioning of wind power project

In the past four months, the stock of the Adani Group Company zoomed 300 per cent from a level of Rs 44 on the BSE. In comparison, the S&P BSE Sensex rallied 13 per cent during the same period. READ MORE

11:31 AM

CSB Bank hits lowest level since listing; tanks 30% from December high

CSB Bank had made a strong debut at the bourses, soaring 54 per cent over its issue price of Rs 195 at Rs 300. The stock has erased almost all its listing gain, and is now trading 8 per cent higher against the issue price. READ MORE