Indian indices could remain volatile today as investors are expected to roll over their positions ahead of the expiry of June series Futures and Options contract due on Thursday
Technical calls by Mr. Vinay Rajani, Senior Technical & Derivatives Analyst, HDFC securities.
Top companies in the space have risen sharply over the last year
Lower realisations, rising imports and higher competition in flat products may weigh on earnings growth of Tata Steel, JSW Steel, etc estimate brokerages
HSBC has announced key changes to its country allocations in Asia
The benchmark indices ended the past two sessions in the red on concerns over deficient rains and India-US trade tensions
The selling shareholder in the OFS was BNP Paribas Cardif, a joint venture partner in SBI Life
Impact of competitive intensity expected to be higher at a time when overall consumption demand is moderating
All the Nifty sectoral indices ended the session in the green, with Nifty Metal and Nifty PSU Bank gaining 1.7 and 1 per cent, respectively
At 01:10 pm, around 13.3 million shares, representing 2.9 per cent of the total equity, changed hands on the NSE, the exchange data shows
All that happened in the markets today
The government has imposed countervailing duty on new pneumatic radial tyres, which are imported from China, for five years
Over the past one year (till March 2019 quarter), a number of prominent companies such as Axis Bank, YES Bank, MphasiS, HDFC Life Insurance have seen their promoters trim their stake in the companies.
Thus far in the calendar year 2019, the stock has rallied 31 per cent, against an 8.5 per cent gain in the S&P BSE Sensex.
The stock has been under pressure in the past month, falling 26 per cent on a disappointing set of financial numbers for March quarter. In comparison, the S&P BSE Sensex was down 0.8
Shares rallied after the board approved raising up to Rs 1,550 crore through a mix of issue of shares to its promoter Tata Sons on a preferential basis, and other options to fund its expansion.
There has been an earnings recession for the past 4-5 years in the market causing a downward bias for the future, Khattar says.
ACC, Ambuja Cement, and UltraTech Cement are showing likelyhood of a further upside. If indices do trend upward, then these stocks can even show a rise of 10 per cent each
BNP Paribas Cardif, the foreign partner of SBI Life Insurance, will sell up to 25 million shares, representing 2.5 per cent stake in the insurance company, for at least Rs 1,625 crore through OFS.
Here's a list of some of the companies whose shares are likely to trade actively on Tuesday -