Sensex ends flat, Nifty holds 10,600 ahead of Q3 earnings season

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3:39 PM

Nifty IT rose over 2% ahead of Q3 earnings season

Source: NSE

3:38 PM

Sectoral Trend

Source: NSE

3:36 PM

Top Sensex gainers and losers

Source: BSE

3:34 PM

Broader Markets

Broader markets underperformed the benchmark indices with BSE Midcap index down 0.6% while BSE Smllcap ended 0.1% lower

3:32 PM

Markets at Close

Benchmark indices settled flat on Wednesday as investors remained cautious ahead of key corporate earnings later this week and the federal budget next month.

The S&P BSE Sensex ended at 34,433 down 10 points while the broader Nifty50 index settled at 10,432, down 4 points

3:26 PM

Tata Group shares rally; Tinplate, Tata Sponge, Tata Metaliks up over 10%

 

Shares of Tata Group companies were trading higher by up to 18% on back of heavy volumes in otherwise range-bound market on Wednesday.

 

Tinplate Company of India, Tata Sponge Iron, Tata Metaliks and Tayo Rolls were up in the range of 10% to 18%, while Nelco, Tata Investment Corporation, Oriental Hotels, Tata Elxsi, Tata Consultancy Services (TCS), TRF and Trent up between 2% and 6%.

 

Five stocks – Oriental Hotels, Tata Investment Corporation, Tata Metaliks, Tata Sponge Iron and Tinplate Company of India– have hit their respective all-time highs on BSE in intra-day trade today. READ MORE

3:15 PM

EPF to ELSS: Five key investments you can make under Section 80C

 

With the end of the financial year fast approaching, the employed need to furnish their Section 80C investments, which has a combined limit of Rs 150,000, to employers.

 

If you haven’t still made any investments, here are five key ones

 

3:05 PM

TCS nears three-year high ahead of December quarter results

 

Tata Consultancy Services (TCS) was up 3% at Rs 2,785 on BSE in noon deals, trading nears to its three-years high, ahead of October-December quarter (Q3FY18) earnings on Thursday, January 11, 2018. The company’s board will also consider a third interim dividend.

 

The stock trading at its highest level since March 4, 2015. It is less than 2% away from its all-time high of Rs 2,834 touched on October 7, 2014 on BSE in intra-day trade.

 

Analysts at Kotak Securities expect constant currency (c/c) revenue growth of 1.4% and negligible cross currency impact in Q3FY18. Growth would be impacted by usual seasonal furloughs and soft BFS in North America. READ MORE

2:51 PM

Retail shares gain on Cabinet nod for 100% FDI in single brand retail

 

Shares of retail companies have rallied by up to 8% after the Cabinet cleared 100% foreign direct investment (FDI) through automatic route in single brand retail trading.
 

Monte Carlo Fashions, Future Consumer, Indian Terrain Fashions, Zodiac Clothing Company, V-Mart Retail and Future Market Networks were up in the range of 4% to 9% on BSE. READ MORE

2:35 PM

FDI norms relaxed, foreign airlines can invest up to 49% in Air India

 

The government on Wednesday relaxed FDI norms in various sectors such as single brand retail and allowed foreign airlines to invest up to 49 per cent in Air India. The decision was taken during the Cabinet meeting chaired by Prime Minister Narendra Modi here.

 

The Cabinet allowed overseas investors to invest 100 per cent FDI (foreign direct investment) in single brand retail trading and construction development without any government approval, an official statement said. "Foreign airlines allowed to invest up to 49 per cent under approval route in Air India," the statement said.