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CNBC-TV18 Market Highlights: Sensex ends 247 points lower, Nifty holds 11,850 as IT, banks drag; Yes Bank tanks 10%

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Indian shares ended lower on Tuesday, amid broad based selloff, dragged by IT, metal, and banking stocks. The Sensex ended 247 points lower at 40,240, while the Nifty50 index ended 81 points lower at 11,857.

CNBC-TV18 Market Highlights: Sensex ends 247 points lower, Nifty holds 11,850 as IT, banks drag; Yes Bank tanks 10%
  • Thank you readers! Here are the main highlights from today’s trading session##Thank you readers! Here are the main highlights from today’s trading session


    - Market At A 1-month Low; Sensex Slips 248 Points, Nifty Down 81 Points


    - Midcap Index Falls For Fourth Consecutive Session, Closes 215 Points Lower


    - Market Breadth Firmly In Favour Of Declines; Advance-Decline ratio at 1:3


    - 10 Of 12 Nifty Bank Stocks End In The Red, Index Down 156 Points


    - 35 Of 50 Nifty Stocks Fall, Yes Bank, GAIL, Zee Entertainment Top Losers


    - Yes Bank Slips 10 percent On Reports Of Bank Rejecting Braich’s Proposal


    - Price Hike Announcement Fails To Boost Hero Moto, Stock Down 2 percent


    - Eicher, Cipla, Bajaj Finance Gain In A Weak Trading Session


    - Sadbhav Infra Hits Upper Circuit After 1.4 percent Equity Changed Hands


    - Indiabulls Housing Moves 4 percent Higher To Snap 5-day Losing Streak


    - Coffee Day At Lower Circuit After IDBI Bank Invokes Pledge On 4.2 percent Equity

  • Closing Bell: Sensex ends 247 points lower, Nifty at 11,857 as IT, banks drag##Closing Bell: Sensex ends 247 points lower, Nifty at 11,857 as IT, banks drag

    Indian shares ended lower on Tuesday, amid broad based selloff, dragged by IT, metal, and banking stocks. Losses in index heavyweights like TCS, ITC, Axis Bank, and Reliance Industries also added to the fall. The Sensex ended 247 points lower at 40,240, while the Nifty50 index ended 81 points lower at 11,857.  Broader markets also underperformed the benchmarks with Nifty Midcap and Nifty smallcap down 1.3 percent and 1.1 percent, respectively.

    Among stocks, Bajaj Finance, HUL, Cipla, Eicher Motors, and Bharti Airtel were the top gainers on the Nifty50, while Yes Bank, Zee, GAIL, JSW Steel, and BPCL led the losses. All sectoral indices ended the day in red. Nifty Media fell the most, down nearly 2 percent, followed by Nifty PSU Bank which fell 1.6 percent. Nifty IT and Nifty Metal also lost 1.4 percent each. Nifty FMCG also declined 1 percent, while Nifty Auto and Nifty Realty fell around 0.8 percent. Nifty Bank lost 0.5 percent for the day.

  • 2019 Roundup: Auto sector takes a hit, only 1 stock gave positive returns in 2019
    CNBC-TV18 Market Highlights: Sensex ends 247 points lower, Nifty holds 11,850 as IT, banks drag; Yes Bank tanks 10%
  • Amid volatility in equities, gold could remain preferred asset for investors in 2020##Amid volatility in equities, gold could remain preferred asset for investors in 2020


    Amid increased uncertainties in the equity markets due to the US-China trade war and volatile crude prices, investors may continue to prefer safe-haven gold, which has advanced 20 percent so far in 2019. Market analysts expect gold prices to stay on the upward trajectory for some time. The prices of gold moved up 20 percent since January 2019 to the date. Gold rates hit a life-time high of Rs 39,885 level this year due to several global factors, including US Fed rate cut, geopolitical tensions and the US-China trade war, said Anuj Gupta, deputy vice-president, research (commodities and currencies), Angel Broking. READ MORE

  • This is the only FMCG stock to deliver 1,700% returns in the last 10 years##This is the only FMCG stock to deliver 1,700% returns in the last 10 years

    FMCG sector is also known as defensive space for a reason as it is believed to give consistent returns over years with the idea that consumption would never stop. And one such stock that lives up to this is Britannia Industries.

    Known for its best-selling biscuits and cakes, the stock has received the most trust from its investors. In the last 10 years, the stock has delivered 1,753 percent returns to LTP. Click here to read more

  • November insurance data looks strong despite tepid data, SBICAP Securities on CNBC-TV18##November insurance data looks strong despite tepid data, SBICAP Securities on CNBC-TV18

    SBICAP on CNBC-TV18:
    1. Insurance data for November looks strong after 2-3 months of tepid data
    2. New product regulations & low base aided strong growth in November
    3. Sustainable growth would be in the range of 15-20 percent
    4. IRDA has given an extension on new product regulations, which fuelled growth
    5. Growth in individual premium seems difficult to maintain for the full year
    6. The insurance industry is consolidating

  • Private equity players eye stake in Bharti Airtel; SingTel may invest up to $1 billion##Private equity players eye stake in Bharti Airtel; SingTel may invest up to $1 billion


    While Bharti Airtel is looking at multiple modes to raise funds, sources told CNBC-TV18 that financial investors and PE players have also expressed interest in investing in the company. Bharti Airtel is in the process of undergoing one of its largest fundraising drives to date. To that effect, the board last week cleared fundraising of up to $3 billion via debt-equity. The names that are interested include marquee investors like Warburg Pincus and Carlyle, according to the sources.

    “Warburg Pincus has had a long association with Airtel and is confident of the long-term story. While talks are at a very exploratory stage right now, Warburg is keen on the deal. Other PE players have also sounded of Airtel’s investment bankers on their interest in the deal,” said a source aware of the talks. READ MORE

  • Multibagger rally: This stock surged 1600% in 10 years. Do you own it?##Multibagger rally: This stock surged 1600% in 10 years. Do you own it?


    Aegis Logistics has been a top performer for patient investors. The stock has surged over 1,600 percent in the last 10 years, making it a good bet for long-term investment. The scrip, which traded around Rs 11 in December 2009, has rallied to Rs 189 currently, giving returns of as much as 1,618 percent. To put it in perspective, an investment of Rs 1 lakh in 2009 would have turned to Rs 17.2 lakh in 2019. With a current market capitalisation of nearly Rs 6,500 crore, the stock hit its 52-week high of Rs 241 on May 29, 2019, and a 52-week low of Rs 160 on October 9, 2019. However, the stock has declined 10 percent in 1 year and 7 percent in 2019 owing to the ongoing slowdown. READ MORE

  • Ujjivan Small Finance Bank IPO: Here's how to check your allotment status

    CNBC-TV18 Market Highlights: Sensex ends 247 points lower, Nifty holds 11,850 as IT, banks drag; Yes Bank tanks 10%
  • Auto slowdown: Incentive-based scrappage policy will revive demand, says SIAM##Auto slowdown: Incentive-based scrappage policy will revive demand, says SIAM

    The Society of Indian Automobile Manufacturers (SIAM) released its sales data for November, recording a 12 percent month-on-month decline in sales. Rajesh Menon, the director general of SIAM, shared his views on the auto sector in the country in an interview with CNBC-TV18.


    “Last time we saw such a severe slowdown was in 2013-2014, that was a period we saw such a severe slowdown for such a long duration. As mentioned earlier, we are seeing the challenges continuing. We are seeing bit of marginal decline, a negative growth in the passenger vehicle segment. The negative growth trend continues and the challenges of course are still there.” READ MORE

  • Dilip Buildcon bags Rs 825 crore Delhi Metro project##Dilip Buildcon bags Rs 825 crore Delhi Metro project

    Infrastructure developer Dilip Buildcon on Tuesday announced that it emerged as the lowest bidder for Delhi Metro project. The company through its JV has been declared L-1 (lowest) bidder for the project including part design and construction of the elevated viaduct, elevated ramp, siding lines, viaduct for connection to Mukundpur depot and four elevated stations, Phase-IV of Delhi MRTS, it said. The company bid Rs 825.62 crore for the project and the completion period is 30 months. READ MORE

  • Sharp recovery in SBI, stock up 2% from lows##Sharp recovery in SBI, stock up 2% from lows

  • Expect improvement in profitability for some private sector banks, says Moody's Investors Service##Expect improvement in profitability for some private sector banks, says Moody's Investors Service

    Ratings agency Moody's has a negative outlook for Asia Pacific banks for 2020. They believe the operating environment is worsening because the US-China trade dispute is weighing on gross domestic product (GDP) growth. Alka Anbarasu, Vice chairman and senior credit officer-financial institutions group at Moody's Investors Service and Mrutyunjay Mahapatra, MD and CEO of Syndicate Bank shared their views and outlook for the space in an interview with CNBC-TV18.

    Anbarasu said broadly the outlook is for Asia-Pacific banks and this outlook is driven by some of the topics including US-China trade tensions, high leverage in many countries as well as low interest rate environment that is impacting banks’ profitability. "Specifically, when it comes to Indian banks, we do think that there is a read-over of some of these risks even for Indian banks. To a large extent, the outlook that we have on the Asian-Pacific banks has a read-through impact even for the Indian banks,” said Anbarasu. READ MORE

  • Sanjay Dutt of Quantum Securities believes PSUs will be the next big theme over couple of years##Sanjay Dutt of Quantum Securities believes PSUs will be the next big theme over couple of years


    Sanjay Dutt, director at Quantum Securities is of the view that there is phenomenal opportunity in the market and that investors need to look at that rather than be obsessed by these 5-10 stocks, which take the index up or down. Sharing further details on where this opportunity lies, he said, “ For the entire B group and the smallcap (excluding the A group), the marketcap at this point of time is Rs 9.2 lakh crore and the marketcap of Reliance Industries Ltd (RIL) alone is Rs 9.9 lakh crore. So it clearly shows that we have a problem somewhere. Markets are totally disconnected from realities." READ MORE

  • Vinod Nair of Geojit Financial on 2020 market outlook, telecom sector, Yes Bank Fundraising plan and top stock picks

    CNBC-TV18 Market Highlights: Sensex ends 247 points lower, Nifty holds 11,850 as IT, banks drag; Yes Bank tanks 10%
  • UTI AMC IPO: Bank of Baroda to sell up to 1.04 crore shares##UTI AMC IPO: Bank of Baroda to sell up to 1.04 crore shares

    Bank of Baroda on Monday said it will take part in the proposed IPO of UTI Asset Management Co Ltd by way of offer for sale of up to 1.04 crore shares. "The Investment Committee of our Bank in its meeting held today has approved the participation of Bank of Baroda in the proposed initial public offering of equity shares of UTI Asset Management Company Ltd," the bank said in a regulatory filing. The bank said it will offer up to 1,04,59,949 equity shares in the UTI AMC IPO. Last week, the country's largest lender State Bank of India (SBI) had approved diluting up to 8.25 per cent stake in UTI AMC. READ MORE

  • Rakesh Jhunjhunwala likely to withdraw from $25 million Yes Bank investment plan, says report##Rakesh Jhunjhunwala likely to withdraw from $25 million Yes Bank investment plan, says report

    Billionaire investor Rakesh Jhunjhunwala might shelve plan to invest $25 million in Yes Bank, the Hindu BusinessLine reported. He had planned to invest the sum in the private sector lender through his wife Rekha's family office. Jhunjhunwala is expected to release a formal letter regarding the investment on December 10, the report stated. "The logic behind not subscribing to Yes Bank's preferential allotment by Jhunjhunwala is that it is higher than the prevailing market price. There is also a lock-in period," a person aware of the development told the newspaper, adding that the market veteran can instead buy shares at a lower price in the open market without a lock-in period. READ MORE

  • Passenger car sales in November decline 11% YoY##Passenger car sales in November decline 11% YoY

    SIAM data for November auto sales:


    1. Passenger car sales at 1.6 lakh units, down 10.8 percent YoY
    2. Two-wheeler sales at 14.1 lakh units, down 14.3 percent YoY
    3. Commercial vehicle sales at 61,907 units, down 15 percent YoY
    4. Total vehicle exports at  4.1 lakh units, up 17.6 percent YoY
    5. Passenger vehicle sales at 2.6 lakh units, down 0.8 percent YoY
    6. M&HCV sales at 17,039 units, down 32.8 percent YoY
    7. Motorcycle sales at 8.9 lakh units,  down 14.9 percent YoY

  • P2P crypto trading: Back to the basics, for the next wave of adoption

    CNBC-TV18 Market Highlights: Sensex ends 247 points lower, Nifty holds 11,850 as IT, banks drag; Yes Bank tanks 10%
  • Life insurers' shares gain after positive Morgan Stanley and Nomura reports##Life insurers' shares gain after positive Morgan Stanley and Nomura reports

    Life insurance stocks were trading higher on Tuesday morning after reports from brokerage houses Morgan Stanley and Nomura noted that most large private players saw an acceleration in premium growth on an year-on-year (YoY) basis. Share prices of SBI Life Insurance, HDFC Life Insurance, and ICICI Prudential Life Insurance rose 1.87 percent, 1.59 percent, and 1.37 percent respectively. On an intraday basis, the stock prices of all the three companies surged 2.44 percent each. READ MORE

  • Here's a quick catchup of live market action:##Here's a quick catchup of live market action:


    - The Indian shares were trading flat amid lack of major cues with the Nifty below 11,950 levels and Sensex down around 70 points.


    - IT sector was the top dragger as rupee rose to one month higher in early trades. JustDIal, MindTree, TCS, and Tech Mahindra were down between 1-3 percent.


    - Cipla, Grasim, Sun Pharma, HUL, and ONGC were the top Nifty gainers, while, Zee, Yes Bank, Bharti Infratel, GAIL, and TCS led the losses.

    - Brader markets underperformed the benchmark indices with Nifty Midcap and Nifty Smallcap down 0.3 percent each.

  • Charts: Inflows into equity MFs fall to multi-year lows in November

    CNBC-TV18 Market Highlights: Sensex ends 247 points lower, Nifty holds 11,850 as IT, banks drag; Yes Bank tanks 10%
  • Morgan Stanley expects financial sector to remain weak in 2020. Here's why##Morgan Stanley expects financial sector to remain weak in 2020. Here's why


    The financial sector will remain fairly weak in 2020 due to slow loan growth, elevated no performing loans, and accelerated market share concentration among the big lenders, according to Morgan Stanley. The financial services company added that sectors like telecom and real estate could add some large corporate stress on the banks moving forward. However, Morgan Stanley said that the large banks are likely to continue to gain share. It has advised investors to stick to the large banks with low SME exposure like ICICI Bank and HDFC Bank because these two are expected to report strong earnings. READ MORE

  • RIL, HDFC Bank among 10 stocks that dominate Jefferies' long-only thematic equity portfolio##RIL, HDFC Bank among 10 stocks that dominate Jefferies' long-only thematic equity portfolio


    Global brokerage house Jefferies has double weight on India, but given the low weightage, Chris Wood, Global Head of Equity Strategy, said he should be triple overweight on the country. The research house disclosed its Asia (ex-Japan) long-only thematic equity portfolio in its December report; wherein, it has 46 percent weightage to only Indian companies under various themes. Out of which, it has 31 percent weightage to India's BFSI sector (banking, financial services and insurance) and of that, banking sector's (only private and not public) weightage stood at 15 percent. It has given 5 percent weightage each to HDFC Bank, ICICI Bank and Axis Bank, India's three largest private-sector lenders. READ MORE

  • Sectoral Trend at opening trade##Sectoral Trend at opening trade

    CNBC-TV18 Market Highlights: Sensex ends 247 points lower, Nifty holds 11,850 as IT, banks drag; Yes Bank tanks 10%
  • Opening Bell: Sensex opens flat, Nifty below 11,950; Yes Bank down 4%##Opening Bell: Sensex opens flat, Nifty below 11,950; Yes Bank down 4%

    The Indian market opened flat on Tuesday, following global markets, which traded lower as investors refrained from making major bets ahead of the next round of US tariffs on Chinese imports. Gains in auto, banking sectors were capped by losses in the IT space.  At 9:20 am, the BSE Sensex was trading 16 points lower at 40,470 and Nifty50 was trading 5 points lower at 11,940.  Tata Motors, Zee, Hero MotoCorp, Sun Pharma, and Maruti are the top gainers on the Nifty50 index, while, Yes Bank, Bharti Infratel, BPCL, JSW Steel, and Infosys led the losses.

  • Top stock recommendations by Sudarshan Sukhani for Tuesday##Top stock recommendations by Sudarshan Sukhani for Tuesday

    - Buy BPCL with a stop loss of Rs 494, target at Rs 509

    - Buy Mahanagar Gas with a stop loss of Rs 1,020, target at Rs 1,075

    - Buy JSPL with a stop loss of Rs 140, target at Rs 148

    - Sell JustDial with a stop loss of Rs 575, target at Rs 550


    Click here for buy-sell calls by Mitessh Thakkar and Prakash Gaba

  • Rupee gains past 71 against the dollar for the first time since November 7##Rupee gains past 71 against the dollar for the first time since November 7

    CNBC-TV18 Market Highlights: Sensex ends 247 points lower, Nifty holds 11,850 as IT, banks drag; Yes Bank tanks 10%
  • Oil prices slip as weak China exports highlight trade war impact##Oil prices slip as weak China exports highlight trade war impact

    Oil prices fell on Monday after data showed Chinese exports declined for a fourth straight month, sending jitters through a market already concerned about damage to global demand by the trade war between Washington and Beijing. Brent futures settled down 14 cents, or 0.22 percent, at $64.25 per barrel, after gaining about 3 percent last week on news that OPEC and its allies would deepen output cuts. West Texas Intermediate oil futures were down 17 cents, or 0.24 percent, at $59.02 a barrel, having risen about 7 percent last week on the prospects for lower production from OPEC+, which is made up of the Organization of the Petroleum Exporting Countries and associated producers including Russia. READ MORE

Indian shares ended lower on Tuesday, amid broad based selloff, dragged by IT, metal, and banking stocks. The Sensex ended 247 points lower at 40,240, while the Nifty50 index ended 81 points lower at 11,857.