- SENSEXNIFTY 50
Markets| Index | Price | Chng | %Chng |
|---|
| S&P BSE TECk | 7,637.77 | -101.66 | -1.31 |
| NIFTY BANK | 26,757.65 | -415.00 | -1.53 |
| NIFTY IT | 15,522.45 | -179.85 | -1.15 |
| NIFTY PSE | 3,061.15 | -37.85 | -1.22 |
| NIFTY AUTO | 6,920.60 | -91.50 | -1.30 |
National Aluminium Company Ltd on Wednesday announced a record 115 percent dividend payout amounting to Rs 1072.73 crore for 2018-19. This is the highest dividend payout since the inception of the Company in 1981 which works out to Rs 5.75 per share of Rs 5 each, the company said in a statement. Dividend including the applicable dividend distribution tax works out to a payout of 74.65 percent of the PAT against 98.81 percent of the previous financial year. Till 2018-19 fiscal, Rs 32,886 crore was paid towards taxes, duties, royalties and dividend. Out of this, Rs 25,917 crore was paid to the Central Government and Rs 6,969 crore to the state government, it said. READ MORE
Manish Gunwani, chief investment officer of equity investments at Reliance Nippon Life AMC, is not surprised that Nifty is not outperforming the midcaps anymore and expects that to continue broadly, he said in an interview with CNBC-TV18.
“Fundamentally, our belief since last 2-3 months has been that the midcap underperformance to our mind from a fundamental sense is over. So from a 2-3 year perspective we do not expect the midcap index to trail Nifty at these kind of valuations,” he said, adding that looking at midcap stocks from bottom-up basis, even the stocks that are not cyclical and have got steady earnings the price to book is quite attractive versus a lot of largecap companies. READ MORE
The big story this morning is the 25 basis points (bps) rate cut by the US Federal Reserve. Mixo Das, who looks after Asia equity and quant strategy at JPMorgan, shared his views on the same.
“I think the Fed rate cut was well priced in, the 25 bps and people were looking for guidance from what the Fed is going to do the next and the Jerome Powell wasn’t very clear on what the Fed is looking at going forward and his comments for the US economy is quite strong was taken by the markets as being a little bit more hawkish,” Das said on the sidelines of JP Morgan Investor Conference. READ MORE
India's largest online market place IndiaMART InterMESH has already begun to reign over the market. Among 11 IPOs in 2019, IndiaMART reported highest gains of about 34.05 percent so far this year. The stock price rose about 45 percent in September.
IndiaMART InterMESH made stock market debut on July 4 at the issue price of Rs 973 and rose 78 percent in two and a half month to Rs 1,736 per share today on the NSE. Moreover, IndiaMART shares hit all-time highs in the last nine sessions straight, rising nearly 20 percent. READ MORE
The Telecom Regulatory Authority of India has released a consultation paper to review the deadline to bring down the interconnect usage charge to zero. The move will be positive for Bharti Airtel as well as Vodafone Idea but negative for Reliance Jio. Currently, an operator is required to pay 6 paise per minute as mobile call termination charges, called interconnect usage charges (IUC), which is proposed to be made nil from January 1, 2020. READ MORE
Healthcare, both traditional and digital, seems to be emerging as one of the new growth frontiers, with the industry expected to hit the valuation mark of over $250 billion by next year. Within healthcare, the health tech space currently consists of over 5000 startups, having raised more than $500 million since 2014. A small example of the rising interest in healthcare is reflected in three deals announced on Wednesday. Two of the three deals were in the health-tech space and one and for a traditional brick and mortar hospital, but a super specialty. READ MORE
IIFL Wealth Management, the demerged entity of IIFL Holding, made its debut on Indian bourses on Thursday. The stock listed at Rs 1,200 per share on BSE and 1,210 per share on NSE. Post listing, IIFL Wealth shares hit an upper circuit of 5 percent to trade at Rs 1,270 on NSE, while the benchmark Nifty50 was down 0.7 percent or 73 points at 10,768. Analysts expected IIFL Wealth to list around Rs 950 to Rs 1,100. The key risk is the profit growth for FY20 while FY21 could be under pressure for wealth management business. READ MORE
The share price of Vodafone Idea jumped over 16 percent on Thursday after the Telecom Regulatory Authority of India released a consultation paper seeking to review the deadline to bring down the interconnect usage charge to zero. At 09:55 am, Vodafone Idea's share price was trading higher by 10.31 percent to Rs 5.35 per share on the NSE. Intraday, the shares surged 16.49 percent intraday to Rs 5.65. Trai's proposal will be positive for Bharti Airtel as well as Vodafone Idea but negative for Reliance Jio. READ MORE
Investment group CLSA, in its latest report, has said that despite all the negatives, the Nifty will build 10 percent returns over the next 12 months. The firm said that various data points including Nielsen data on consumption and auto dealer survey suggested that the economic slowdown has worsened during the September quarter.
"FY20 GDP growth is likely to be around 6 percent," CLSA said. Nominal GDP growth — a measure of GDP without inflation adjustment — is likely to be in single digits, the lowest seen in the last 17 years, as per CLSA. READ MORE
IIFL Wealth to list on exchanges today
The US Federal Reserve cut interest rates again on Wednesday to help sustain a record-long economic expansion but signalled a higher bar to further reductions in borrowing costs, eliciting a fast and sharp rebuke from President Donald Trump. Describing the US economic outlook as "favourable," Fed Chair Jerome Powell said the rate cut was designed "to provide insurance against ongoing risks" including weak global growth and resurgent trade tensions. READ MORE
Consumer goods companies are expressing many concerns on the proposed list of single-use plastic items that the government plans to ban. One big concern surrounds packaging costs of bulk packs, jumbo packs, bundled packs and other value for money formats that are available in the market. The initial list proposed by the Central Pollution Control Board (CPCB) include items like thin carry bags, non-woven carry bags, small wrapping, straws, plastic cups, bowls and plates, plastic sticks for earbuds, balloons and flags, cigarette butts, small plastic bottles, thermocol and thin roadside banners. These are just an initial list of 12 items out of the 64 single-use plastic items identified by the government. READ MORE
| Company | Price | Chng | %Chng |
|---|---|---|---|
| Yes Bank | 54.10 | -10.00 | -15.60 |
| Maruti Suzuki | 5,971.75 | -123.30 | -2.02 |
| Indiabulls Hsg | 394.75 | -24.50 | -5.84 |
| ICICI Bank | 386.60 | -12.75 | -3.19 |
| HDFC | 1,974.60 | -13.70 | -0.69 |
| Company | Price | Chng | %Chng |
|---|---|---|---|
| Maruti Suzuki | 5,938.30 | -155.25 | -2.55 |
| Yes Bank | 54.15 | -9.95 | -15.52 |
| Tata Power | 65.05 | +1.00 | +1.56 |
| Indiabulls Hsg | 395.15 | -24.00 | -5.73 |
| ICICI Bank | 386.55 | -12.60 | -3.16 |
| Company | Price | Chng | %Chng |
|---|---|---|---|
| Tata Motors | 124.20 | +2.45 | +2.01 |
| UPL | 562.05 | +5.00 | +0.90 |
| HDFC Bank | 1,101.05 | +7.17 | +0.66 |
| Bharti Airtel | 337.60 | +2.00 | +0.60 |
| Coal India | 193.45 | +1.10 | +0.57 |
| Company | Price | Chng | %Chng |
|---|---|---|---|
| Tata Motors | 124.25 | +2.40 | +1.97 |
| HDFC Bank | 1,100.40 | +6.95 | +0.64 |
| Bharti Airtel | 337.70 | +1.95 | +0.58 |
| Coal India | 193.60 | +1.10 | +0.57 |
| Asian Paints | 1,554.35 | +6.25 | +0.40 |
| Company | Price | Chng | %Chng |
|---|---|---|---|
| Yes Bank | 54.10 | -10.00 | -15.60 |
| Zee Entertain | 308.85 | -26.55 | -7.92 |
| Tata Steel | 344.65 | -13.60 | -3.80 |
| IndusInd Bank | 1,282.25 | -48.15 | -3.62 |
| ICICI Bank | 386.60 | -12.75 | -3.19 |
| Company | Price | Chng | %Chng |
|---|---|---|---|
| Yes Bank | 54.15 | -9.95 | -15.52 |
| Tata Steel | 344.95 | -13.10 | -3.66 |
| IndusInd Bank | 1,281.95 | -47.70 | -3.59 |
| ICICI Bank | 386.55 | -12.60 | -3.16 |
| Maruti Suzuki | 5,938.30 | -155.25 | -2.55 |
| Price | Chng | %Chng | |
|---|---|---|---|
| USD/INR | 71.32 | +0.09 | +0.12 |
| EUR/INR | 78.92 | +0.47 | +0.60 |
| GBP/INR | 88.94 | +0.26 | +0.29 |
| JPY/INR | 0.66 | +0.00 | +0.59 |
| Price | Chng | %Chng | |
|---|---|---|---|
| MCX GOLD 04OCT2019 | 37766.00 | -83.00 | -0.22 |
| MCX SILVER 05DEC2019 | 46676.00 | +84.00 | +0.18 |
| MCX CRUDEOIL 19SEP2019 | 4230.00 | +92.00 | +2.22 |
| MCX NATURALGAS 25SEP2019 | 187.50 | +1.00 | +0.54 |
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