MARKET: Indices end flat, Sun Pharma dips 7%, GSK Consumer, HUL in focus

In sectoral indices, the Nifty Metal index ended 2 per cent higher led by a rise in Jindal Steel & Power and Vedanta

3:41 PM

Top sectoral gainers and losers

3:40 PM

S&P BSE Sensex: Top gainers and losers

3:34 PM

Market at close
 

The S&P BSE Sensex gained 47 points or 0.13 per cent to settle at 36,241 while NSE's NIfty50 index ended at 10,884, up just 7 points.

3:25 PM

HUL hits record high, GSK Consumer gains 7% after board approves merger

Shares of Hindustan Unilever (HUL) and GlaxoSmithKline Consumer Healthcare (GSKCH) have moved higher by up to 7% on the BSE, after their respective boards approved their merger, subject to obtaining requisite approvals from statutory authorities and shareholders. HUL hit a new high of Rs 1,833, up 4.5% on the BSE, surpassing its previous high of Rs 1,808 touched on August 20, 2018, on the BSE in intra-day trade. READ MORE

3:06 PM

NEWS ALERT YES Bank appoints TS Vijayan as independent director for 5 years

3:00 PM

S&P BSE Sensex top gainers and losers

2:47 PM

Limited impact of Qatar's withdrawal from OPEC, say analysts

 

Crude oil futures are likely to witness some gains in the near term following Qatar's withdrawal from the Organization of the Petroleum Exporting Countries (OPEC) in January 2019. However, analysts say the impact on prices will remain muted as the country is a small producer in the cartel. Qatar's Energy Minister Saad al-Kaabi told a news conference on Monday that the country would withdraw from OPEC on January 1, 2019. Read more 

2:30 PM

PSU banks in focus; Bank of India, PNB, Bank of Baroda up over 2%

 

Shares of public sector (PSU) banks have moved higher by 4% on the National Stock Exchange (NSE) after Moody's Investors Service said the outlook for the banking system in India (Baa2 stable) over the next 12-18 months are stable due to strength of economy and weak but steady asset quality. Oriental Bank of Commerce, Bank of India, Union Bank of India, Bank of India, Punjab National Bank (PNB), Bank of Baroda and Canara Bank were trading 2% to 5% higher on the NSE. Read more

2:09 PM

News Impact: GlaxoSmithKline Consumer Healthcare gains over 3%

2:06 PM

NEWS ALERT HUL board approves alloting 4.39 shares for 1 share of GSK Consumer

2:05 PM

NEWS ALERT Unilever to buy Horlicks and other products

2:04 PM

NEWS ALERT HUL board approves scheme of amalgamation with GSK Consumer Healthcare

2:01 PM

Market Check

Index	Current	Pt. Change	% Change
S&P BSE SENSEX	36,250.93	+56.63	+0.16
S&P BSE SENSEX 50	11,393.00	+28.93	+0.25
S&P BSE SENSEX Next 50	32,439.92	+206.29	+0.64
S&P BSE 100	11,153.83	+34.66	+0.31
S&P BSE Bharat 22 Index	3,440.38	+36.40	+1.07

1:48 PM

Here're today's top gainers on BSE500

COMPANY	LATEST	PREV CLOSE	GAIN( )	GAIN(%)	VOLUME
REL. COMM.	16.35	14.27	2.08	14.58	21897713
POWER FIN.CORPN.	98.00	86.35	11.65	13.49	2478313
INFIBEAM AVENUES	48.80	44.55	4.25	9.54	2183580
SUZLON ENERGY	5.64	5.15	0.49	9.51	3740878
REC LTD	109.00	100.05	8.95	8.95	1266028

1:37 PM

Devangshu Datta Focus on companies facing the consumer

 

The Motilal Oswal Annual Wealth Creation Study always offers interesting insights. The study provides lists of the top ten wealth creators in the last five years, the most consistent wealth creators, the fastest wealth creators, biggest wealth destroyers etc. There are several takeaways for the long-term investor. One is that the most consistent wealth creators since 2008 are all consumer-facing companies. Read more

 

1:20 PM

Top losers in BSE500

COMPANY	PRICE( )	CHG( )	CHG(%)	VOLUME
BLISS GVS PHARMA	145.95	-4.70	-3.12	26213
GENERAL INSURANC	277.30	-8.80	-3.08	14059
DISH TV	37.45	-1.05	-2.73	232285
MMTC	28.00	-0.75	-2.61	143121
HSIL	202.90	-4.70	-2.26	8551

1:05 PM

Shankara Building hits 20-month low; tanks 43% in 1 month on weak Q2 nos

 

Shares of Shankara Building Products locked in lower circuit of 10% at Rs 626, its lowest level since April 6, 2017, on BSE, over the concerns of margin pressure for the next couple of quarters. In past one month, the stock of the home improvement products maker tanked 43% after the company posted 47% year on year (y-o-y) decline in its net profit at Rs 91 million in September quarter (Q2FY19), due to higher operational cost. Read more

 

12:52 PM

Overhangs of 2018 may impact private banks in 2019 as well, say experts

 

Much of the current year’s headlines have belonged to private banks. Whether it was the regulator’s frequent interventions or multiple senior-level exits, the sector has seen significant changes one after another. Yet, after delivering stellar gains and outperforming the broader index by a significant margin in the past three years, the NSE Private Banks index has had a relatively softer year. Read more

 

12:37 PM

Tata Power, Adani Power gain as Guj to raise tariffs of coal-based plants

 

Shares of Tata Power Company and Adani Power rallied up to 7% on BSE in intra-day trade on Monday amid reports that the Gujarat government has decided to increase tariffs of three coal-based power plants. The Gujarat government has directed its power distribution company to raise tariffs of the three imported coal-based power plants owned by Tata Power, Adani Power and Essar Power by amending their power purchase agreements (PPAs) and approaching the power regulators for approval, the Economic Times said. Read more

12:17 PM

Qatar to exit Opec in Jan 2019 to expand its role internationally: Minister

Qatar is withdrawing from the Organization of the Petroleum Exporting Countries (OPEC) as of January 2019, Saad al-Kaabi, the country's energy minister said on Monday. READ MORE

News Impact: December Crude Oil futures contract on the MCX gains over 5%
(Source: MCX)

12:00 PM

Markets at Noon

Index	Current	Pt. Change	% Change
S&P BSE SENSEX	36,194.68	+0.38	0.00
S&P BSE SENSEX 50	11,371.25	+7.18	+0.06
S&P BSE SENSEX Next 50	32,379.71	+146.08	+0.45
S&P BSE 100	11,132.59	+13.42	+0.12
S&P BSE Bharat 22 Index	3,416.16	+12.18	+0.36

12:00 PM

NEWS ALERT Qatar to withdraw from OPEC from January, according to agencies

11:56 AM

ICICI Securities on Shankara Building Products 

 

We expect SBPL’s topline growth at 12 per cent CAGR to Rs 31.98 billion in FY18-20E. However, with the management commentary on significant decline in EBITDA margins expected ahead, we lower our EBITDA margin assumption resulting in further sharp earnings downgrades by 44.1 per cent. We now expect its earnings to de-grow by 21.3 per cent CAGR to Rs 457 million in FY18-20E. Hence, we maintain our HOLD recommendation on the stock with an SOTP based target price of Rs 650/share. We value its retail business at Rs 639/share (12x FY20E EV/EBIT). The channel and enterprise business has been valued at Rs 127.9 per share (at 5x FY20E EV/EBIT).

11:41 AM

Edelweiss Securities on Tata Steel

 

We are upbeat on Tata Steel's (TSL) initiative to focus on the domestic market by augmenting capacity to 30 mtpa by CY25 and enhance presence in value-added segments. We maintain ‘BUY/SO’ with SOTP-based target price (TP) of Rs 720, implying exit multiple of 6.5x FY20E EBITDA. At the current market price, the stock is trading at 5.1x FY20E EBITDA.

11:28 AM

WHAT'S MOVING THE INDEX? Top contributors to Sensex today

COMPANY	LATEST	CHG(RS)	CHG(%)	FREE FLOAT MKT CAP (RS CR)	CONTRIBUTION (POINTS)
RELIANCE INDS.	1161.25	4.25	0.37	399854.12	84.83
INFOSYS	669.60	2.30	0.34	253315.46	50.98
KOTAK MAH. BANK	1237.70	5.15	0.42	164521.93	40.09
ICICI BANK	356.00	0.95	0.27	228593.37	35.65
ITC	288.05	0.30	0.10	350515.99	21.42

11:18 AM

Apollo Hospitals hits 52-week high; stock up 5%

 

Shares of healthcare facilities firm, Apollo Hospitals Enterprise, hit their 52-week high of Rs 1,324, up 5% in intra-day trade so far, extending its past two days gain on the BSE on Monday. In November, Apollo Hospitals announced reorganisation of its pharmacy business by segregating the front-end of the business into a separate company and divestment of its 74.5% stake in the front-end business to investors on slump sale basis for Rs 5.3 billion. Read more

11:09 AM

Metal stocks up on Sino-US trade truce; Jindal Steel, Hindalco top gainers

 

Shares of metal companies rallied in the morning deals on Monday after US and Chinese leaders brokered a truce in their trade conflict, a relief for the global economic outlook and a major boost for the emerging markets. China and the United States agreed to halt additional tariffs in a deal that keeps their trade war from escalating as the two sides try again to bridge their differences with fresh talks aimed at reaching a deal within 90 days. Read more

10:58 AM

S&P BSE Sensex top gainers and losers

10:40 AM

Sector Watch: Nifty Pharma index slips up to 3% dragged by Sun Pharma

 

Nifty Pharma index emerged as the top sectoral loser on NSE in the morning deals on Monday, weighed down by the shares of Sun Pharmaceutical Industries, which slumped as much as 10 per cent. The index slipped up to 3 per cent in the early morning trade. At 10:20 am, the index was trading 1.61 per cent lower at 9,129, with six constituents in the red and four in the green. Read more

 

10:37 AM

Nikkei India Manufacturing Purchasing Managers’ Index

The Nikkei India Manufacturing Purchasing Managers’ Index (PMI) rose for the third consecutive month in November, up from 53.1 in October to 54.0. The latest figure signalled the strongest improvement in the health of the sector in almost one year.

Manufacturing operating conditions in India strengthened for the third successive month in November, as healthier inflows of new orders encouraged companies to lift production and input buying to greater extents than in October. Cost inflation moderated, but the revival in demand translated into improved pricing power among producers who raised their charges at a quicker rate. Elsewhere, job creation was sustained while sentiment picked up.

(Source: PMI press release)