MARKET WRAP: Indices end flat, Nifty holds 12,250; auto, metal stocks shine
All that happened in markets today.
 "Brokers trade at their computer terminals at a stock brokerage firm in Mumbai. Photo: Reuters")
Equity markets ended the penultimate trading session of the calendar year 2019 on a flat note amid mixed global cues and lack of market participants in the holiday season.
The S&P BSE Sensex on Monday lost 17 points or 0.04 per cent to settle at 41,558 amid selling in financial and IT bellwethers. ICICI Bank (down around 1 per cent) emerged as the top loser on the index while Nestle (up around 1.5 per cent) was the biggest gainer. ICICI Bank, TCS, Axis Bank, and Infosys contributed the most to the index's slide while HDFC Bank, RIL, Bharti Airtel, and Maruti gave the much-needed support.
Out of 30 constituents, 18 advanced and 12 declined. During the day, the index hit a high and low of 41,715 and 41,453, respectively.
Market breadth remained in favour of advances as out of 2,767 companies traded on the BSE, 1,449 advanced and 1,124 declined while 194 securities remained unchanged.
NSE's Nifty closed at 12,261, up 15 points or 0.12 per cent.
Volatility index India VIX surged around 3.5 per cent to 10.89 levels.
In the broader market, Nifty Midcap 100 index gained 0.37 per cent to 17,070 levels while Nifty SmallCap 100 index rallied 0.6 per cent to end at 5,792-mark.
SECTOR WATCH
Auto stocks advanced the most in trade with Nifty Auto index rising 1.5 per cent to 8,329.50. All the 15 constituents in the index ended in the green. Metal counters were next on the list as Nifty Metal index gained 1.20 per cent. On the downside, PSU bank stocks slumped the most. The Nifty PSU Bank index fell over 1 per cent to 2,538 levels.
BUZZING STOCKS
Shares of Tata Motors climbed over 4 per cent to Rs 183.60 on the BSE, gaining more than 50 per cent in October-December quarter. The stock of Tata Group automobiles company is set to post its sharpest quarterly gain in the past one decade. READ MORE
Shares of cinema theatre operators were in focus with PVR (Rs 1,925) and Inox Leisure (Rs 399) hitting their respective all-time highs on expectation of strong earnings growth in October-December quarter (Q3FY20). READ MORE
BUZZING STOCKS
Shares of Tata Motors climbed over 4 per cent to Rs 183.60 on the BSE, gaining more than 50 per cent in October-December quarter. The stock of Tata Group automobiles company is set to post its sharpest quarterly gain in the past one decade. READ MORE
Shares of cinema theatre operators were in focus with PVR (Rs 1,925) and Inox Leisure (Rs 399) hitting their respective all-time highs on expectation of strong earnings growth in October-December quarter (Q3FY20). READ MORE
GLOBAL MARKETS
A broad gauge of Asian share markets rose to an 18-month high on Monday as Chinese equities gained, while oil touched three-month highs on a combination of US crude inventory drawdowns, trade optimism and unrest in the Middle East.
Japan's Nikkei stock index finished its last trading day of the year down 0.76 per cent. The index gained 18.2 per cent in 2019 after dropping 12.8 per cent last year. In early European trade, the pan-region Euro Stoxx 50 futures were down 0.16 per cent at 3,764,
Japan's Nikkei stock index finished its last trading day of the year down 0.76 per cent. The index gained 18.2 per cent in 2019 after dropping 12.8 per cent last year. In early European trade, the pan-region Euro Stoxx 50 futures were down 0.16 per cent at 3,764,
German DAX futures were down 0.22 per cent at 13,291.5 and FTSE futures were down 0.11 per cent at 7,578.5.
(With inputs from Reuters)
4:11 PM![]()
MARKET COMMENT | Vinod Nair, Head of Research, Geojit Financial Services
Market was range-bound, premium valuation and lack of fresh triggers influenced investors to take cautious approach on heavyweights. But reasonable valuation of mid & small caps attracted inflows leading to outperformance in the broad market. We expect this polarized valuation not to sustain, there could be shift of money from the overvalued large caps to midcaps in 2020.
3:42 PM
» More on Most Active Volume![]()
Most active stocks by volume
| COMPANY | PRICE(rs) | CHG(rs) | CHG(%) | VOLUME |
|---|---|---|---|---|
| VODAFONE IDEA | 6.16 | 0.33 | 5.66 | 30391776 |
| SUZLON ENERGY | 1.86 | -0.12 | -6.06 | 7361672 |
| YES BANK | 47.35 | -0.65 | -1.35 | 6879229 |
| SPICEJET | 110.25 | 6.55 | 6.32 | 2585598 |
| RELIANCE POWER | 3.48 | 0.05 | 1.46 | 2381120 |
3:41 PM
» More on 52 Week High![]()
BSE500 stocks that hit 52-week high today
| COMPANY | PRICE(rs) | 52 WK HIGH | CHG(rs) | CHG(%) |
|---|---|---|---|---|
| AMBER ENTERP. | 1136.00 | 1138.00 | 42.60 | 3.90 |
| APL APOLLO | 1844.00 | 1844.00 | 62.40 | 3.50 |
| BAJAJ FIN. | 4245.50 | 4280.00 | -7.20 | -0.17 |
| BALRAMPUR CHINI | 183.30 | 187.00 | -1.25 | -0.68 |
| COROMANDEL INTER | 525.70 | 530.80 | 2.00 | 0.38 |
3:40 PM
Nifty sectoral indices at close
3:40 PM
Top gainers and losers on S&P BSE Sensex at close
3:38 PM
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Closing Bell
> The benchmark S&P BSE Sensex dipped 17.14 points or 0.04 per cent to 41,558
>> On the NSE, the broader Nifty50 settled with 14.80 points, or 0.12 per cent, gain at 12,260.60
3:36 PM
Closing Bell
3:28 PM
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Jindal Steel & Power hits over 6 month high; stock up 23% in two weeks
Shares of Jindal Steel & Power (JSPL) gained 4 per cent on the BSE on Monday to hit an over six-month high of Rs 168 on expectation of improved earnings going forward. The stock of the OP Jindal Group company was trading at its highest level since June 14, 2019. In the past two weeks, JSPL's stock rallied 23 per cent after the company commissioned its fourth coke oven battery at Angul plant making it self-sufficient in coke requirement. In comparison, the S&P BSE Sensex was up 1.5 per cent during the same period. READ MORE
3:09 PM
MARKET UPDATE:: Sensex pares losses, turns flat
2:59 PM
Heatmap: S&P BSE Sensex
2:50 PM
» More on 52 Week High![]()
BSE500 stocks that hit 52-week high today
| COMPANY | PRICE(rs) | 52 WK HIGH | CHG(rs) | CHG(%) |
|---|---|---|---|---|
| AMBER ENTERP. | 1132.20 | 1137.70 | 38.80 | 3.55 |
| APL APOLLO | 1821.00 | 1836.00 | 39.40 | 2.21 |
| BAJAJ FIN. | 4255.70 | 4280.00 | 3.00 | 0.07 |
| BALRAMPUR CHINI | 182.95 | 187.00 | -1.60 | -0.87 |
| COROMANDEL INTER | 523.55 | 530.80 | -0.15 | -0.03 |
2:48 PM
BUZZING STOCK:: SpiceJet zooms 6%
2:45 PM
(Click here to view full list)![]()
Chemical stocks rally; IG Petro, Bodal Chemicals hit 20% upper circuit
| COMPANY | LATEST | PREV CLOSE |
GAIN( ) | GAIN(%) | VOLUME |
| I G PETROCHEMS | 162.45 | 135.40 | 27.05 | 19.98 | 41028 |
| BODAL CHEMICALS | 69.05 | 57.55 | 11.50 | 19.98 | 260770 |
| BALAJI AMINES | 404.00 | 360.20 | 43.80 | 12.16 | 37269 |
| THIRUMALAI CHEM. | 73.70 | 65.85 | 7.85 | 11.92 | 304882 |
| BHAGERIA INDUST. | 111.20 | 101.70 | 9.50 | 9.34 | 24718 |
(Click here to view full list)
2:36 PM![]()
BROKERAGE RADAR | Anand Rathi Research on Dishman Carbogen
Dishman remains fully committed to scaling up its business and primary growth drivers like commercialization of molecules in late phase 3 (18 molecules) and global dominance in Vitamin D are likely to help Dishman report revenue and PAT CAGR of 11% and 15% respectively over FY19-21. We revise target price to Rs 227 (earlier Rs 362) based on 10x PER (in-line with historical average) on FY21e EPS of Rs 23.
Risks: Currency fluctuations, regulatory hurdles, deferred orders.
Risks: Currency fluctuations, regulatory hurdles, deferred orders.
2:29 PM
MARKET UPDATE:: Infosys down 1% after block deals; top loser among Sensex stocks
Topics : Markets MARKET WRAP
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First Published: Dec 30 2019 | 7:47 AM IST
