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CNBC-TV18 Market HIGHLIGHTS: Sensex, Nifty start New Year 2020 on subdued note as banks drag indices

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Market Highlights: Indian markets ended the first day of New Year 2020 with modes gains as bank and metal stocks weighed on indices. Benchmark indices pared morning gains to turn flat on Wednesday afternoon. Here are the main highlights from the stock markets today:

CNBC-TV18 Market HIGHLIGHTS: Sensex, Nifty start New Year 2020 on subdued note as banks drag indices
  • Thank you readers! Here's a quick-round up of today's market action##Thank you readers! Here's a quick-round up of today's market action


    Thankyou readers and before we end our rolling coverage of all the market action, here's a quick round up of major highlights from today's trading session. 

    -Market starts 2020 on a subdued note, Nifty closes below 12,200.

    -Sensex ends with a minor gain of 52 points, Midcap Index up 41 points.

    -Banks underperform with the leading index Nifty Bank slipping 59 points.

    -Market breadth in favour of advances; advance-decline ratio 4:3.

    -ICICI, Kotak Mahindra Bank and Reliance Industries drag market while HDFC twins support.

    -HDFC Bank lifts Nifty Bank by 41 points while Kotak Mahindra Bank drags by 37 points.

    -Rating upgrade fails to lift Titan, stock closes below 200-DMA of 1,173.

    -Maruti closes lower while M&M gains 1 percent after in-line December auto sales.

    -Escorts slips 4 percent after reporting a 10.5 percent decline in tractor sales.

    -PSU Banks see a gain in last hour of trade, PNB 2 percent off lows.

    -Road construction stocks rise on government’s Rs 100 lakh crore infra spend plan.

    -Adani Ports top nifty gainer on reports of Krishnapatnam Port acquisition.

  • Sensex heatmap at close: PowerGrid, NTPC top gainers, Titan, IndusInd Bank top losers##Sensex heatmap at close: PowerGrid, NTPC top gainers, Titan, IndusInd Bank top losers

    CNBC-TV18 Market HIGHLIGHTS: Sensex, Nifty start New Year 2020 on subdued note as banks drag indices
  • Closing Bell: Sensex, Nifty settle New Year's first trade with modest gains##Closing Bell: Sensex, Nifty settle New Year's first trade with modest gains


    Indian shares settled the first day of New Year 2020 with modest gains. The Sensex ended 52 points higher at 41,306, while the Nifty settled 14 points up at 12,182. The Nifty MidCap 100 index rose 0.24 percent, while Bank Nifty dipped 0.18 percent. READ MORE

  • Avanti Feeds up 5% as growth seen strong##Avanti Feeds up 5% as growth seen strong

    Shares of Avanti Feeds rose for the sixth trading session and surged 5 percent to hit an over one-year high of Rs 612.50 on heavy buying. Shares of Avanti Feeds surged 4.4 percent at Rs 609.70, with over 2.1 million shares traded on the National Stock Exchange, versus a daily average of 252,618 shares.

  • Outlook 2020: Here's how global brokerages expect Indian markets to perform this year

    The benchmark indices Sensex and Nifty ended 2019 on a strong note, with the two gaining 14 percent and 12 percent, respectively, even as the growth is at a multi-year low.
    CNBC-TV18 Market HIGHLIGHTS: Sensex, Nifty start New Year 2020 on subdued note as banks drag indices
  • Gold, silver price rally halts on profit booking: What you should do as an investor##Gold, silver price rally halts on profit booking: What you should do as an investor


    Gold prices rose more than 18 percent in 2019. Gold prices have jumped over 116 percent in the last 10 years, rising from Rs 18,000 per 10 grams in 2010 to Rs 39,000 to date. Gold prices rose recently to a three-month high as the dollar weakened. On the other hand, silver prices rose 15.21 percent year-to-date. READ MORE

  • Escorts reports sales lower than estimates, total sales come in at 4,114 units##Escorts reports sales lower than estimates, total sales come in at 4,114 units

  • Titan's long term credit rating upgraded to 'stable'##Titan's long term credit rating upgraded to 'stable'


    Titan Company on Wednesday said that Crisil Ratings has upgraded the ratings on its long term facilities to 'stable' from 'positive'. The long term bank loan facilities of the company received 'CRISIL AAA/Stable' rating. The previous rating was at 'Crisil AA+/Positive'.

    The luxury goods company has a total bank loan facilities of Rs 2,850 crore and commercial paper of Rs 500 crore.

    Crisil also reaffirmed the rating on the company's short term bank facility and commercial paper programme at 'CRISIL A1+'.

    The upgrade reflects Crisil's belief that business profile of the company will continue to improve over the medium term on account of dominant market position in jewellery retail segment, aided by healthy store additions and strong financial profile, the rating agency said.

    In addition, the watch segment is expected to witness healthy growth while sustaining the improvement in profitability.

    "Titan being the market leader in jewellery segment through its 'Tanishq' branded stores, is expected to continue its better than industry growth. Titan has outpaced revenue growth of other large jewellery retail players rated by CRISIL. Between fiscals 2016 and 2019, revenues grew at a compounded annual growth rate (CAGR) of 21 per cent," Crisil said.

  • Should you invest in auto stocks in 2020? Helios Capital’s Samir Arora answers##Should you invest in auto stocks in 2020? Helios Capital’s Samir Arora answers

    Samir Arora, founder and fund manager of Helios Capital, has advised against investing in the automobile sector this year saying "auto is not a 2020 theme". Auto sales data for December will be released today and the expectation is that the numbers will be weak this time as well. Sales in the commercial vehicle space will likely be extremely weak but in the passenger vehicle and two-wheeler space, some positives are expected.

    The November auto sales data indicated minor green shoots but largely, the numbers remained weak. Maruti Suzuki, the country’s largest automaker, reported a nearly 2 percent drop in sales in November, while Mahindra and Mahindra (M&M) reported a 9 percent fall in its total sales. The numbers were even more startling for Tata Motors as it reported a 25.32 percent decline in total sales to 41,124 units. READ MORE

  • Sensex, Nifty trade higher on infra push, positive global cues
    Gains in IT, pharma, FMCG and infra stocks lent support while selling in metals, auto and media counters applied pressure.Get latest Market online at cnbctv18.com
    CNBC-TV18 Market HIGHLIGHTS: Sensex, Nifty start New Year 2020 on subdued note as banks drag indices
  • Here's a quick catchup of live market action:##Here's a quick catchup of live market action:


    - The benchmark indices began the new year with a positive note but later pared gains as banking and metal indices dragged.


    - The Sensex was trading 48 points higher at 41,303 at 1.10 pm, while the Nifty50 fell below 12,200 levels, trading at 12181, still up 12 points.


    - Adani Ports, Bharti Infratel, L&T, PowerGrid, and Wipro were the top gainers of Nifty50 index, while Eicher Motors, JSW Steel, Tata Steel, IndusInd Bnak, and Hindalco led the losses.


    - Among sectors, major selling was seen in metal and banking indices. Nifty Metal fell 0.6 percent, while Nifty PSU Bank and Nifty Auto were down 0.2 percent each. Meanhwile, Nifty IT and Nifty FMCG rose 0.5 percent and 0.2 percent, respectively.

  • Maruti Suzuki falls as December total sales below estimate##Maruti Suzuki falls as December total sales below estimate

    Shares of Maruti Suzuki India extended losses as the company's total sales in December, at 133,296 units, were below Emkay Global Financial Services and Nomura Financial Advisory and Securities India's estimates of over 135,000 and 135,900 units, respectively. The total vehicle sales were though up 4 percent on year. Domestic sales rose 3.5 percent on year to 125,735 units, while exports increased 10 percent to 7,561 units. Utility vehicle sales, the category which is relatively profitable and higher growing than others, rose nearly 18 percent on year to 23,808 units. Cars in the segment include Vitara Brezza, S-Cross, Ertiga, XL6 and Gypsy. Shares of the company were down 0.7 percent at Rs 7,321. 

  • Bitcoin rises 9,000,000% in a decade, outperforms all indices, asset class

    Bitcoin, the digital currency, which faced government scrutiny in various countries in the past, has beaten all the best performing indices on bourses across the world.
    CNBC-TV18 Market HIGHLIGHTS: Sensex, Nifty start New Year 2020 on subdued note as banks drag indices
  • CARE jumps 13% as SEBI concludes adjudication process##CARE jumps 13% as SEBI concludes adjudication process


    Shares of CARE Ratings surged 14 percent to hit a three-month high of Rs 727 as the company on Tuesday said the Sebi has concluded its adjudication proceedings. So far today, 5.59 million shares of the company have changed hands on the NSE, significantly higher than its six-month daily trading average volume of 133,047 shares. Shares of the company were up 11.7 percent at Rs 713.75.

  • Godrej Agrovet at 1-month high as promoters raise stake##Godrej Agrovet at 1-month high as promoters raise stake


     


    Shares of Godrej Agrovet hit a one-month high of Rs 527 as promoter Godrej Industries acquired over 40,000 shares through the open market between December 24 and December 26. Shares traded at Rs 524.70, up 1.50 percent on NSE at 12.22 pm.

  • A snapshot of Indian stock market performance in 2019
    CNBC-TV18 Market HIGHLIGHTS: Sensex, Nifty start New Year 2020 on subdued note as banks drag indices
  • Aster DM Healthcare shares touch 52-week high on agreement with Abu Dhabi-based firm##Aster DM Healthcare shares touch 52-week high on agreement with Abu Dhabi-based firm

    Shares of Aster DM Healthcare rallied over 5 percent to touch a 52-week high of Rs 170.70 on Wednesday after the company entered into a share purchase agreement to acquire a 100 percent stake in Abu Dhabi-based Wahat Al Aman Home Healthcare LLC. The cost of acquisition is estimated to be AED 105 million, however, the actual amount is subject to change on the basis of the financial performance of the target entity, the company said. Incorporated on February 24, 2019, Wahat Al Aman Home Healthcare is operating home healthcare business in Abu Dhabi & Al Ain. READ MORE

  • Key market themes for 2020: Here is the outlook by Sushil Kedia of Kedianomics
    CNBC-TV18 Market HIGHLIGHTS: Sensex, Nifty start New Year 2020 on subdued note as banks drag indices
  • Here's a quick catchup of live market action:##Here's a quick catchup of live market action:


    - The benchmark indices began the new year with a positive note but later pared some losses dragged by banking and metal indices.


    - The Sensex was trading 70 points higher, while the Nifty50 fell below 12,200 levels


    - Adani Ports, Bharti Infratel, L&T, PowerGrid, and Wipro were the top gainers of Nifty50 index, while Eicher Motors, JSW Steel, Tata Steel, IndusInd Bnak, and Hindalco led the losses.


    - Among sectors, major selling was seen in metal and banking indices. Nifty Metal fell 0.6 percent, while Nifty PSU Bank and Nifty Auto were down 0.2 percent each. Meanhwile, Nifty IT and Nifty FMCG rose 0.5 percent and 0.2 percent, respectively.

  • RBI tells cooperative banks to seek approval before CEO appointment, says report##RBI tells cooperative banks to seek approval before CEO appointment, says report

    In a bid to increase its supervisory control over urban cooperative banks (UCBs), the Reserve Bank of India has mandated that UCBs with deposits in excess of Rs 100 crore will need its prior approval before appointing their CEOs, the Times of India reported. In its attempt to better regulate the UCBs, the RBI had previously capped a limit for single borrower and enhanced sector lending requirements. The latest move will now influence the hiring of the top executive at these firms. READ MORE

  • Adani Green Energy shares hit all-time high; shares rise over 300% in the last one-year##Adani Green Energy shares hit all-time high; shares rise over 300% in the last one-year

    Adani Green Energy ltd shares hit an all-time high on Wednesday, locked in 5 percent upper circuit price of Rs 174.80 per share. The shares jumped as the company said it has commissioned a 75-megawatt (MW) wind power project in Gujarat. Adani Green Energy shares have risen over 13 percent for the last three days, while the one-year return on the stock has been more than 320 percent. The renewable power generation company from the Adani Group has been the top gainer among the S&P BSE 500 index stocks in 2019. READ MORE

  • Infra stocks rise after government's Rs 105 lakh crore push for the sector##Infra stocks rise after government's Rs 105 lakh crore push for the sector

    Shares of infrastructure companies such as Larsen & Toubro, Dilip Buildcon, Capacite Infraprojects, Ashoka Buildcon among others gained in the early morning trade on Wednesday after the government announced measures related to Rs 105 lakh crore National Infra Pipeline. Nifty Infra index and Nifty Realty index surged half a percent each. Shares of L&T gained 0.92 percent to Rs 1,310.20, Dilip Buildcon surged 0.63 percent to Rs 405.20, ACC Ltd gained 0.46 percent to Rs 1,452.35 while JK Lakshmi Cements rallied 1.09 percent to Rs 283 on the National Stock Exchange. READ MORE

  • Outlook 2020: Top stock recommendations from 10 brokerages for new year##Outlook 2020: Top stock recommendations from 10 brokerages for new year

    SMC Global: For 2020, the brokerage advises investors to keep on booking profits and remain invested in the market. Its yop picks include ICICI Bank, Bajaj Auto, Bank of Baroda, Gujarat Gas, KEC International, Inox Leisure, JB Chemicals & Pharma.

    Nirmal Bang: The brokerage is bullish on Ashok Leyland and Eicher Motors from the auto sectors. In the banking and financial space, it likes City Union Bank, ICICI Bank, Manappuram Finance, and SBI Life. From the FMCG sector, the brokerage's top picks are Marico and HUL, and Natco Pharma, Sun Pharma from the pharma index.

    Click here for more

  • CRISIL upgrades long-term rating of Titan to AAA from AA+, outlook revised to stable from positive##CRISIL upgrades long-term rating of Titan to AAA from AA+, outlook revised to stable from positive

    CNBC-TV18 Market HIGHLIGHTS: Sensex, Nifty start New Year 2020 on subdued note as banks drag indices
  • Opening Bell: Indices begin 2020 on a positive note; Sensex up 120 points, Nifty holds 12,200##Opening Bell: Indices begin 2020 on a positive note; Sensex up 120 points, Nifty holds 12,200

    Indian markets rang in the new year on a positive note after US President Donald Trump said that Phase 1 of the trade deal with China would be signed on January 15. Meanwhile, the government’s announcement of the Rs 102 lakh crore infrastructure pipeline for the next five years may boost sentiment also boosted the domestic indices. At 9:18 am, the Sensex rose 143 points to 41,397, while Nifty was trading 44 points higher at 12,213. 

    Broader markets were also in-line with the benchmarks, with Nifty Midcap and Nifty Smallcap up 0.3 percent each. Bharti Airtel, L&T, Hero MotoCorp, IndusInd Bank, and IOC were the top gainers on Nifty50, while NTPC, Eicher Motors, Bajaj Auto, ONGC, and GAIL led the losses. All sectoral indices were trading in green at opening. Major buying was seen in bankig sectors with Nifty PSU Bank and Nifty Bank up 0.6 percent and 0.4 percent, respectively. Nifty Realty also rose 0.6 percent and Nifty Pharma and Nifty Metal added 0.3 percent each. Meanwhile, Nifty IT, Nifty FMCG, and Nifty Auto rose 0.2 percent in morning deals.

  • Top stock recommendations by Ashwani Gujral for Wednesday##Top stock recommendations by Ashwani Gujral for Wednesday

    - Sell IndusInd Bank with a stop loss of Rs 1,525, target at Rs 1,480

    - Sell HDFC with a stop loss of Rs 2,425, target at Rs 2,385

    - Sell RIL with a stop loss of Rs 1,521, target at Rs 1,495

    - Buy Jubilant FoodWorks with a stop loss of Rs 1,650, target at Rs 1,710

    - Buy Apollo Hospitals with a stop loss of Rs 1,420, target at Rs 1,480


    Click here for buy-sell calls by Sudarshan Sukhani, Mitessh Thakkar

  • Rupee continues to trade flat against the US Dollar##Rupee continues to trade flat against the US Dollar

    CNBC-TV18 Market HIGHLIGHTS: Sensex, Nifty start New Year 2020 on subdued note as banks drag indices
  • Shapoorji Pallonji repays Rs 1,000 crore loans of Sterling Wilson Solar Power##Shapoorji Pallonji repays Rs 1,000 crore loans of Sterling Wilson Solar Power

    Promoters of Sterling & Wilson Solar Power Ltd., the Shapoorji Pallonji group, have repaid outstanding loans to the tune of Rs 1,000 crore till December 31. "Out of the balance due, consisting of principal and interest (outstanding loan) the Promoters have enabled repayment of Rs 1,000 crore from the date of listing of the Company's shares till December 31, 2019," the company said in an exchange filing on Tuesday. The outstanding loan of Rs 2,563 crore due from Sterling and Wilson Pvt. Ltd. and Sterling and Wilson International FZE as on the date of listing of the company's shares on the stock exchanges stands reduced to Rs 1,644 crore, it added. READ MORE

  • Jet fuel price hiked by Rs 1,637/kL (2.6%) to Rs 64,324/kL in Delhi##Jet fuel price hiked by Rs 1,637/kL (2.6%) to Rs 64,324/kL in Delhi

Market Highlights: Indian markets ended the first day of New Year 2020 with modes gains as bank and metal stocks weighed on indices. Benchmark indices pared morning gains to turn flat on Wednesday afternoon. Here are the main highlights from the stock markets today: