MARKETS ON TUESDAY: Sensex, Nifty end marginally higher; realty stocks gain

The domestic indices ended higher on Tuesday, led by gains in FMCG and realty indices.

3:43 PM

Nifty Realty Index ends 1.19% higher. Top gainers: 

COMPANY	LATEST	PREV CLOSE	GAIN( )	GAIN(%)
GODREJ PROPERT.	764.20	725.60	38.60	5.32
PHOENIX MILLS	585.80	573.50	12.30	2.14
INDBULL.REALEST.	194.75	191.75	3.00	1.56
DLF	216.90	214.50	2.40	1.12

3:39 PM

Sectoral Trend

3:37 PM

BSE Sensex: gainers and losers of the day

3:33 PM

Market at close

 

The S&P BSE Sensex ended at 34,395, up 90 points while the broader Nifty50 index settled at 10,549, up 20 points.

3:32 PM

Nifty Highlights MRF hits new high touches Rs 80,000

Stock Quote:
 

3:15 PM

Hotel stocks rally; Taj GVK, Royal Orchid, EIH zoom over 15%

Shares of hotel companies have rallied by up to 20% in otherwise range-bound market with 8 out of 15 top gainers from the hotel sector. Taj GVK Hotels, Oriental Hotels, Royal Orchid Hotels, EIH, EIH Associated Hotels, Advani Hotels & Resorts (India), Kamat Hotels (India) and Viceroy Hotels were up between 12% and 20% on the BSE. READ MORE

3:00 PM

Steel Strips Wheels hits record high on repeat export order

 

Shares of Steel Strips Wheels (SSWL) was up 4% to Rs 1,269 per share, also its record high on the BSE in intra-day trade, after the company bagged repeat order of 41,000 caravan wheels from Europe.

 

“The company bagged yet another big exports order for supply of steel wheels for EU Caravan market. Order comprises of approx. 41,000 steel wheels to be shipped from the company’s Chennai plant from next month onwards,” SSWL said in a regulatory filing. READ MORE

2:45 PM

FMCG stocks in focus: HUL, Britannia, Nestle India hit new highs

 

Shares of fast moving consumer goods (FMCG) companies such as Hindustan Unilever (HUL), Britannia Industries, Nestle India and Jubilant FoodWorks have hit their respective new highs on the BSE on expectation of good profit growth.

 

Thus far in the month of April, all these four stocks have outperformed the market by gaining in the range of 8% to 9% on the BSE. On comparison, the S&P BSE Sensex and S&P BSE FMCG index were up 4% and 5%, respectively. READ MORE

2:30 PM

Favourable monsoon forecast may have limited impact on markets: here's why

 

The S&P BSE Sensex has given average returns of 29.75 per cent during below-normal rainfall years – those in which rainfall is at least 10 per cent short of the long-period average (LPA), according to the India Meteorological Department.

 

The Sensex was up 13.08 per cent in 2004, when rainfall fell 13 per cent of the LPA. It rebounded 81.03 per cent in 2009 after the global financial crises, when rainfall fell short by 22 per cent. It again rose 29.89 per cent in 2014, when rains fell short by 12 per cent. The only exception was 2015, when the index fell 5.03 per cent, even as rainfall fell 14 per cent short. READ MORE

Monsoon. (Photo: Shutterstock)

2:17 PM

Banking sector preview Q4FY18: HDFC and IndusInd banks remain top picks

 

Banking stocks had a roller coaster ride over the last few months. Cases of fraud have changed the way banking sector was looked at. While the fraud related cases are restricted to a few banks as of now, the fear that more issues could come up has made investors looking at the true book value of banks in a more prudent way. The biggest question is, what is the true book value of banks adjusting for all the stressed assets?

 

While the sector was already struggling with the above issues the rising bond created further trouble. However, the regulators’ last move of allowing banks to amortize MTM losses on bonds over four quarters brings in some relief. The move could leave banks with relatively higher income which could be used for providing bad assets that might come up during the quarter. While this comes as a near-term relief the bond yields in India is unlikely to soften further in the coming months. READ MORE

2:01 PM

Market Check

S&P BSE Sensex	34,337.76		0.09%
Nifty 50	10,531.45		0.03%
S&P BSE 200	4,631.68		0.09%
Nifty 500	9,316.10		0.05%
S&P BSE Mid-Cap	16,746.79		0.07%
S&P BSE Small-Cap	18,126.06		0.24%

1:47 PM

Volume Toppers

COMPANY	PRICE( )	CHG( )	CHG(%)	VOLUME
IDEA CELLULAR	71.80	0.55	0.77	43518548
REL. COMM.	21.15	0.05	0.24	4594105
ADITYA BIR. FAS.	150.50	2.10	1.42	2223034
JP ASSOCIATES	19.45	-0.25	-1.27	2106090
POWER GRID CORPN	204.95	5.90	2.96	1979171

1:31 PM

Will Reliance Industries' quarterly profit scale past Rs 100 billion?

 

Textiles to telecom conglomerate, Reliance Industries (RIL) is expected to post its best-ever quarterly consolidated net profit, with the figure expected to be close to Rs 100 billion mark.

 

The strong quarterly expectations are on the back of its petrochemicals segment performance. In addition, retail and telecom are likely to help the company’s March 2018 quarter (Q4) performance. “The petrochemicals segment is expected to do better due to healthy deltas and strong volume growth,” said analysts at Motilal Oswal Securities, which estimates RIL to clock a net profit of Rs 95.40 billion in Q4. READ MORE

1:15 PM

ATMs run out of notes: Here's the reason behind the massive cash crunch

States, including Gujarat, Uttar Pradesh, Madhya Pradesh, Bihar, Andhra Pradesh, Manipur and Telangana, have reported shortage of cash at ATMs. A stock-taking analysis submitted by the Reserve Bank of India (RBI) found that the rate of cash withdrawal was much higher than the rate of cash deposits in Andhra Pradesh, Bihar, Karnataka, Maharashtra, Rajasthan, Uttar Pradesh, Madhya Pradesh, and Telangana, among other states. Complaints of cash crunch have been reported from semi-urban and rural regions of the states READ MORE

1:00 PM

After 37% jump in FY18, analysts turn cautious on real estate sector

After rallying nearly 37 per cent in the last financial year (FY18) as compared to around 10 per cent rise in the benchmark Nifty50, the Nifty Realty index has performed in line with the broader markets thus far in FY19.

 

The huge outperformance in FY18, analysts say, was on account of implementation of the Real Estate (Regulation and Development) Act (RERA) and government’s focus on affordable housing amid strengthening economy and steady interest rates. The sharp run-up has now turned analysts cautious on this space CLICK HERE FOR MORE

12:47 PM

SPECIAL REPORT Where to invest ahead of 2019 general elections? Morgan Stanley answers

With the markets yet to price in the outcome of the general elections scheduled for May 2019, investors would be better off adding defensive and cyclical counters with a focus on large-cap stocks, suggests Ridham Desai, head of India research and India equity strategist at Morgan Stanley in a co-authored report with Sheela Rathi.

 

“It is unlikely that the market is as optimistic as it has been in the past going into the 2019 elections. Post-election performance is purely a function of what's been priced in ahead,” they say READ MORE

morgan stanley

12:31 PM

Vehicle-finance firms in fast lane; share prices up 7-17% in past one month

 

The share prices of vehicle-finance companies are up 7-17 per cent in the past one month.

 

One reason being that the companies are expected to post a strong set of numbers for the January-March 2018 quarter (Q4), mainly because of hefty vehicle sales. Notably, the trend is likely to continue till FY19, and this should reflect favourably on the share price returns, despite their outperformance in the past one year. READ MORE

12:15 PM

Divi's stock: Pricing pressure for drug makers can lead to more outsourcing

Divi’s Laboratories is among the few pharma companies that have outperformed in the last one year with its share price ticking up 75 per cent. Regulatory concerns regarding the contract research and manufacturing services (or CRAMS) major, which get most of its revenue from exports, have hurt the Street’s sentiment. READ MORE

12:01 PM

Markets at Noon

 

S&P BSE Sensex	34,324.47		0.06%
Nifty 50	10,522.00		-0.06%
S&P BSE 200	4,631.25		0.08%
Nifty 500	9,311.15		-0.00%
S&P BSE Mid-Cap	16,766.42		0.19%
S&P BSE Small-Cap	18,119.17		0.20%

11:45 AM

Diagnostic chain Metropolis mulls $230 million IPO

 

Metropolis Healthcare, an operator of medical diagnostic centers backed by Carlyle Group LP, is considering an initial public offering (IPO) to raise about Rs 15 billion ($230 million) as it seeks acquisitions.

 

The sale will likely include a partial stake held by the founders as well as new shares, Managing Director Ameera Shah, said in an interview. A time frame for the offering has not been set and the company hasn't appointed an adviser for the sale, she said. READ MORE

11:34 AM

Stocks at 52-week high

COMPANY	PRICE( )	52 WK HIGH	CHG( )	CHG(%)
AARTI INDS.	1282.60	1287.00	5.95	0.47
APOLLO TYRES	303.05	307.15	3.05	1.02
BAJAJ ELECTRICAL	658.50	665.85	39.30	6.35
BALKRISHNA INDS	1341.50	1351.20	19.75	1.49
BRITANNIA INDS.	5395.95	5407.00	84.05	1.58

11:15 AM

Kotak Mahindra Bank pips State Bank of India in market capitalisation

Private sector lender Kotak Mahindra Bank on Monday surpassed state-run State Bank of India (SBI) in terms of market capitalisation. At the start of the year, SBI’s market value was 44 per cent more than that of Kotak Mahindra Bank. Since then, shares of SBI have corrected 19 per cent, while that of Kotak Mahindra Bank have risen 16 per cent. READ MORE

11:01 AM

Vehicle-finance firms in fast lane; share prices up 7-17% in past one month

The share prices of vehicle-finance companies are up 7-17 per cent in the past one month. One reason being that the companies are expected to post a strong set of numbers for the January-March 2018 quarter (Q4), mainly because of hefty vehicle sales. Notably, the trend is likely to continue till FY19, and this should reflect favourably on the share price returns, despite their outperformance in the past one year. READ MORE

10:49 AM

M&M joins Rs 1-trillion market-cap club; stock hits new high

Mahindra & Mahindra (M&M) has joined the elite club Rs 1-trillion market capitalization (market-cap) on the BSE, as its share price hit an all-time high of Rs 819 in early morning trade on Tuesday. With the market-cap of Rs 1.01 trillion at 10:00 am; M&M stood at number 30th position in overall market-cap ranking, the BSE data shows. Currently, M&M stood just behind of Tata Motors, which has market-cap of Rs 1.08 trillion (include Tata Motors DVR). READ MORE

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10:31 AM

Investors bet high on SIPs: MFs garner Rs 672 bn in FY18, up 53% from FY17

 

Retail investors are preferring SIP option for investing in mutual funds, with the industry garnering around Rs 671.9 billion through this route in 2017-18, an increase of 53 per cent from the preceding fiscal.

 

In comparison, Rs 439.21 billion was collected through the investment plan in 2016-17, according to the latest update with Association of Mutual Funds in India (Amfi). READ MORE

10:18 AM

Bajaj Electricals shares surge 7% on order win of Rs 35.78 billion in UP

 

Shares of Bajaj Electricals have surged 7% to Rs 660 per share on the BSE in early morning trade after the company said it has bagged orders worth of Rs 35.78 billion for rural/urban electrification projects in the state of Uttar Pradesh from Madhyanchal Vidyut Vitaran Nigam Limited (MVVNL).

 

The projects shall be completed within 15 months from the date of issue of LoI, the company said in the filing. READ MORE

10:02 AM

Market Check

S&P BSE Sensex	34,362.31		0.17%
Nifty 50	10,542.10		0.13%
S&P BSE 200	4,639.65		0.26%
Nifty 500	9,331.40		0.22%
S&P BSE Mid-Cap	16,806.49		0.43%
S&P BSE Small-Cap	18,180.21		0.54%

9:56 AM

ICICI Prudential Mutual Fund is top public shareholder in ICICI Securities

 

ICICI Prudential Mutual Fund (MF) has emerged as the largest public shareholder in sister concern, ICICI Securities, which debuted earlier this month.

 

The country’s largest asset manager invested Rs 6 billion, nearly a fifth of the issue size, in the group company’s initial public offering (IPO), which had garnered 78 per cent subscription. Through the maiden offer, parent ICICI Bank was looking to divest a 24 per cent stake for Rs 40 billion. However, the private lender could divest only a 20.8 per cent stake due to lack of demand and raised Rs 35 billion. READ MORE

9:40 AM

Cheer for ONGC investors: Higher oil and gas prices should drive earnings

The Oil and Natural Gas Corporation (ONGC) stock has significantly lagged the benchmark S&P BSE Sensex over the past year, even as prices of crude oil, its mainstay, have rallied (see chart). There has been some catching up in the past week, led by improving prospects in the business. If the trend sustains, which seems likely, ONGC’s investors could see good returns. READ MORE

9:24 AM

Top Nifty Metal gainers

COMPANY	LATEST	PREV CLOSE	GAIN( )	GAIN(%)
VEDANTA	293.40	290.30	3.10	1.07
HIND.COPPER	72.75	72.05	0.70	0.97
JINDAL STAIN .HI	190.80	189.00	1.80	0.95
HINDALCO INDS.	241.50	239.45	2.05	0.86
WELSPUN CORP	152.70	151.50	1.20	0.79
MOIL	217.35	215.75	1.60	0.74