Nifty ends 1.2% higher, Sensex up 352 points; auto, realty indices gain

All that happened in the markets today

3:50 PM

Market rundown by Vinod Nair, Head of Research, Geojit Financial Services

 

"Market smartly recouped from the yesterdays losses which was triggered by RBIs hawkish policy and weakness in global market. However, RBI reiterating an economic growth of 6.7% for FY18 uplifted the sentiment. Upcoming state election in Gujarat and rupee movement against dollar ahead of US tax reform will be keenly watched for further momentum in the market."

3:49 PM

Nifty Auto gained nearly 2%

Source: NSE

3:43 PM

Stock in News

Airtel up 6% after the company joined hands with Intex to launch a range of affordable 4G smartphones starting at Rs 1,649

3:42 PM

Realty index rebounds after falling 4 sessions

Source: NSE

3:40 PM

Sectoral Trend: All indicesended the day in green

Source: NSE

3:38 PM

Top Sensex gainers and losers

Source: BSE

3:36 PM

Broader Markets

Broader markets outperformed the benchmark indices a bit with BSE Midcap and BSE Smallcap up 1.4% and 1.3% respectively

3:34 PM

Markets at close

Benchmark indices ended higher with Sensex ending over 350 points higher while Nifty ending firmly above 10,150-mark, bouncing back after two days of losses on Thursday, led by banking, telecom, metal and auto stocks.

The S&P BSE Sensex ended at 32,949, up 352 points while the broader Nifty50 settled at 10,166, up 122 points

3:20 PM

DLF, Gail, Maruti Suzuki hit 52-week high

 

DLF, Den Networks, Cyient and ISGEC Heavy Engineering are among 10 stocks from the S&P BSE 500 index hit their respective 52-week highs on the BSE in intra-day trade after nearly one percentage point gain in the benchmark Sensex. 

 

Of these 10 stocks,Gail (India), Maruti Suzuki India, TVS Motor Company, Aegis Logistics, Biocon and KEC International have touched their respective record highs on Thursday. READ MORE

3:10 PM

Promoters offload shares to pare debt

 

Promoters of five companies - Bharti Infratel, Escorts, McLeod Russell India, Relaxo Footwear and Action Construction Company - have sold equity shares worth nearly Rs 4,000 crore through open market transactions in the past three weeks to cut debt in their respective company's books. 

 

According to disclosures made by the companies to the stock exchanges, institutional investors led by foreign portfolio investors (FPIs) have bought these shares. Experts attribute this to buoyant markets that have provided an opportunity to promoters to raise funds via stake sale. Read More

3:00 PM

Land Rover, Range Rover drive JLR sales up 10% to 52,332 units in Nov

 

Tata Motors-owned Jaguar Land Rover (JLR) today reported 10 per cent increase in retail sales at 52,332 units in November as compared with the same month last year.

 

The company said sales during the month were primarily driven by the introduction of the new Land Rover Discovery and the Range Rover Velar. Read More

2:48 PM

Sebi proposes to allow MFs and portfolio managers in commodity derivatives

 

Market regulator Securities and Exchange Board of India (Sebi) has proposed to permit Mutual Funds (MFs) and portfolio managers (PMs) to participate in the exchange-traded  commodity derivatives market. Sebi on Thursday issued a consultation paper seeking public views on this proposal, besides how they should be allowed and what regulatory framerwork should be put in place for this.

 

This is the second move by Sebi to allow institutional participants in commodity derivatives. Earlier, the regulator had allowed category-3 alternative investment funds or hedge funds. 

 

The latest proposal of allowing MFs and PMs will be the second in the direction of broad-basing the commodity derivatives segment to improve liquidity and include institutional players.  READ MORE

2:29 PM

Avenue Supermarts, Tech Mahindra gain after block deals

 

Shares of Avenue Supermarts, which owns and operates D-Mart retail chain, and IT consulting & software company Tech Mahindra have moved higher by upto 6% on the bourses after the huge block deals executed on these counters.

 

Tech Mahindra was up 5% at Rs 497, bouncing back 6% from early morning low on the National Stock Exchange (NSE). Till 01:51 PM; around 6.35 million equity shares representing 0.65% stake in the company changed hands on the NSE, the exchange data shows. Read More

2:12 PM

Sectoral Trend

Source: NSE

1:54 PM

HEDGING STRATEGIES AHEAD OF THE GUJARAT ELECTION OUTCOME

 

Depending on the election result outcome Nifty may swing wildly on either side. More over Nifty has moved up by 23% in the current year 2017 till now, so it’s always advisable to hedge your portfolio ahead of the big event like Gujarat election outcome. However one should keep in mind, hedging always comes with cost. If you hedge your portfolio, and market rises, you will lose only to the extent of premium paid while value of your portfolio will rise along with the markets.

 

Strategy 1) Buy Nifty December 10000 Put @115

 

Strategy 2) Buy Nifty December 10000 Put @115 and Simultaneously sell 9700 Put at Rs 40.

(BEAR PUT SPREAD STRATEGY)

(HDFC Securities Report)

1:40 PM

Top Sensex gainers and losers

Source: BSE

1:22 PM

Market Watch

Index	Current	Pt. Change	% Change
S&P BSE SENSEX	32,799.35	+202.17	+0.62
S&P BSE SENSEX 50	10,563.46	+77.58	+0.74
S&P BSE SENSEX Next 50	35,092.41	+374.80	+1.08
S&P BSE 100	10,593.55	+83.60	+0.80
S&P BSE Bharat 22 Index	3,658.19	+41.80	+1.16

1:08 PM

Claris Lifesciences extends fall after board approves delisting proposal

 

Claris Lifesciences was down 3% to Rs 352, falling 6% from its early morning high of Rs 374 on the BSE on Thursday, after the board of directors of the company approved the delisting proposal received from the promoter Athanas Enterprise Pvt Ltd. The stock ended 1% lower at Rs 362 on Wednesday.

 

"The promoter/promoter group of the company has made a voluntarily delisting offer representing 49.87% of the paid-up share capital of the company held by public shareholders," Claris Lifesciences said in a BSE filing. Read More

12:50 PM

Ready to extend deadline for Aadhaar linking till March 31: Govt to SC

 

The Centre today informed the Supreme Court that it was willing to extend till March 31 next year the deadline fixed for mandatory linking of Aadhaar for availing various services and welfare schemes.

 

The Supreme Court now will be setting up a five-judge Constitution Bench next week to hear several pleas seeking an interim stay on the Centre's decision of mandatory linking of Aadhaar. Read More

12:35 PM

Shalby IPO subscribed fully; issue closes today

 

The initial public offer of Shalby Ltd, the Ahmedabad-based multi-specialty hospital chain, was oversubscribed 1.08 times in morning session on the last day of the bidding today.

 

The IPO, which aims to raise Rs 504 crore, received bids for 1,57,11,900 shares against the total issue size of 1,45,21,686 shares - a subscription of 1.08 per cent - data available with NSE till 11.30 am showed. Read More

12:21 PM

Oil edges up after drop in U.S. crude inventories, but soaring output weighs

 

Oil prices inched up on Thursday on a decrease in U.S. crude inventories, but rising gasoline stocks and crude production weighed on the market.

 

U.S. West Texas Intermediate (WTI) crude futures were at $56.09 a barrel at 0101 GMT, up 13 cents, or 0.23 percent from their last settlement.

 

Brent crude futures , the international benchmark for oil prices, were at $61.32 a barrel, up 10 cents, or 0.16 percent. Read More

12:05 PM

Rice shares in focus; LT Foods, Kohinoor Foods, Chaman Lal Setia up over 6%

 

Shares of rice producers rallied by upto 20% on the BSE on back of heavy volumes. LT Foods, Kohinoor Foods and Chaman Lal Setia Exports have rallied more than 6% on the on the Bombay Stock Exchange (BSE), as compared to 0.64% rise in the S&P BSE Sensex at 10:45 AM.

 

Chaman Lal Setia Exports was locked in upper circuit of 20% at Rs 143, also its 52-week high on the BSE. The trading volumes on the counter more than tripled with 357,000 shares changed hands so far against an average 103,000 shares were traded in past two weeks on the BSE. In past two trading sessions, the stock rallied 30% from Rs 110 on Tuesday, November 5, 2017. Read More

11:51 AM

Top 10 equity schemes give 27.5% returns this calendar yr, HDFC Equity tops

 

India’s top 10 largest equity schemes, which collectively manage an asset size of nearly Rs 1.7 lakh crore, have made an average return of 27.5% so far this calendar year. During the same time, key stock index Nifty50 returned about 23.6%. HDFC Equity continues to be the largest pure-equity scheme.

 

All these schemes have gained a considerable size over the years and the pace of growth has been remarkable in the past few years. Over Rs 2 lakh crore of fresh inflows have gone into equity schemes over the last three years. A substantial chunk of inflows is coming in the form of systematic investment plans. READ MORE

11:35 AM

IRB Infrastructure hits 11-month low; stock dips 7%

 

IRB Infrastructure Developers hit an 11-month low of Rs 195, down 7% on the BSE on the back of heavy volumes after the company said the Central Bureau of Investigation (CBI) on Wednesday filed a charge sheet against peoples including senior officials of IRB Infrastructure in the Sessions Court, Pune in the matter of an alleged illegal purchase of government land by its subsidiary, Aryan Infrastructure Investments Private Limited (AIIPL).

 

Based on documents received under the Right to Information (RTI) Act, Satish Shetty had filed a cheating and forgery case with Lonavala police in October 2009 against IRB chairman and managing director Virendra Mhaiskar and others, alleging illegal purchase of government land in Ozarde and Pimploli villages in Maval tehsil of Pune district, the PTI report suggested. READ MORE

11:20 AM

Bitcoin surges past $15,000 to trade at all-time high

 

Popular cryptocurrency Bitcoin on Thursday soared to a record high, surpassing $15,000, continuing its surge from below $1,000 at the beginning of this year. The surge was seen ahead of the launch of Bitcoin futures on Chicago-based CBOE coming Sunday.

 

The move opens the door to added regulation but also more mainstream adoption, as Bitcoin futures and other derivatives would make it easier to trade in the new asset class.

 

The cryptocurrency had hit a high of $15,340 per unit and a low of $12,662.86, as of 11 am IST, according to coingecko.com.  READ MORE

Bitcoin

11:06 AM

India Inc seeks income tax cap of 20% in pre-budget meet with Jaitley

 

Bringing down the maximum Income Tax slab to 20 per cent, convergence to three-four GST slabs and bringing all items under it were among the demands made to Union Finance Minister Arun Jaitley on Wednesday by industry and trade representatives.

 

During his pre-Budget consultations, Jaitley urged business leaders to invest in the infrastructure sector to build a stronger India.

 

He said private investment, along with public and foreign investment, is the key to boost growth and create more job opportunities in India. READ MORE

Finance Minister Arun Jaitley. Illustration: Ajay Mohanty

10:49 AM

Market Watch

Index	Current	Pt. Change	% Change
S&P BSE SENSEX	32,805.39	+208.21	+0.64
S&P BSE SENSEX 50	10,557.86	+71.98	+0.69
S&P BSE SENSEX Next 50	35,073.61	+356.00	+1.03
S&P BSE 100	10,587.79	+77.84	+0.74
S&P BSE Bharat 22 Index	3,655.38	+38.99	+1.08

10:36 AM

Capital-hungry banks seek MF backing for $3-bn QIPs

 

Public sector banks (PSBs) are seeking the backing of mutual funds (MFs) to ensure smooth sailing of their qualified institutional placements (QIPs). Over half a dozen sate-owned banks will soon tap the market for equity fundraising worth Rs 18,300 crore (nearly $3 billion). Approaching institutional investors ahead of a fundraising programme, ‘roadshow’ in market parlance, is a common practice. Read More

10:20 AM

Nifty Auto index gains nearly 1% post RBI policy

Source: NSE

9:58 AM

L&T gains on order win of Rs 1,600 crore from HPCL

 

Larsen & Toubro (L&T) was up 1.4% at Rs 1,207 on the BSE in early morning trade after the construction & engineering giant said that its arm L&T Hydrocarbon Engineering  (LTHE) has won order worth of over Rs1,600 crore from Hindustan Petroleum Corporation Limited (HPCL).

 

The project is part of HPCL Visakh Refinery Modernisation Project (VRMP) and involves engineering, procurement, construction and commissioning of 3.053 MMTP full conversion hydrocracker project.