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This article is more than 2 year old.

Closing Bell: Sensex, Nifty end 2018 on a flat note, midcaps outperform, HDFC, Axis Bank, Maruti drag, Infosys supports

Mini

Indian shares have ended the last day of 2018 on a mixed note on Monday, after starting higher for the fourth straight session on New Year's eve. The Sensex settled at 36,068, down by more than 8 points, or 0.02 percent, while the Nifty closed at 10,862, mildly up by 2.65 points, or 0.02 percent. The Nifty MidCap was up by 0.46 percent, outperforming its frontline peers. Bank Nifty also ended marginally higher by 0.13 percent. Axis Bank, HDFC and Maruti Suzuki dragged indexes, while Infosys, Kotak Mahindra Bank and JSW Steel provided support. Metal stocks also ended with gains with JSW Steel, Tata Steel and Vedanta surging. Here are the main highlights from the stock markets today:

Closing Bell: Sensex, Nifty end 2018 on a flat note, midcaps outperform, HDFC, Axis Bank, Maruti drag, Infosys supports
  • Sensex, Nifty close the year 2018 with minor gains##Sensex, Nifty close the year 2018 with minor gains

  • Sensex heatmap at 2018: Tata Steel, Vedanta among gainers, Hero Moto top loser##Sensex heatmap at 2018: Tata Steel, Vedanta among gainers, Hero Moto top loser

    Closing Bell: Sensex, Nifty end 2018 on a flat note, midcaps outperform, HDFC, Axis Bank, Maruti drag, Infosys supports
  • Closing Bell: Sensex, Nifty end 2018 on flat note, midcaps outperform##Closing Bell: Sensex, Nifty end 2018 on flat note, midcaps outperform

    The Sensex settled at 36,068, down by more than 8 points, or 0.02 percent, while the Nifty closed at 10,862, mildly up by 2.65 points, or 0.02 percent. The Nifty MidCap was up by 0.46 percent, outperforming its frontline peers. Bank Nifty also ended marginally higher by 0.13 percent. Axis Bank, HDFC and Maruti Suzuki dragged indexes, while Infosys, Kotak Mahindra Bank and JSW Steel provided support. Metal stocks also ended with gains with JSW Steel, Tata Steel and Vedanta surging.

    For the year, the Sensex and Nifty saw eked out minor gains of 3 percent and 6 percent, respectively. The Nifty MidCap lost 15 percent this year, posting its worst performance since 2011. Among sectoral indices, Nifty Realty was the worst performer in 2018 with the index losing 33 percent. 

  • Nifty Auto index down 23% in 2018, among worst hit##Nifty Auto index down 23% in 2018, among worst hit

    The Nifty Auto index is poised to end 2018 as one of the worst performers among sectoral indices on the NSE, with a near 23% fall during the year. The auto sector has been under stress on multiple fronts throughout the year. Sales were hit by rising fuel and insurance prices that raised the cost of ownership for consumers. Distress in farm income and a liquidity crunch also weighed on these shares. Shares of Tata Motors, Motherson Sumi System, Bharat Forge, TVS Motors, Eicher Motors, Maruti Suzuki India fell 23-62% for the year. Mahindra & Mahindra shares were the only gainers, up 18%.

  • Hindustan Construction Company shares surge 20% in trade today##Hindustan Construction Company shares surge 20% in trade today

    Hindustan Construction Co. ltd's shares soared nearly 20 percent to hit an upper circuit of Rs 13.24 in trade on Monday. The smallcap shares of the Mumbai-based construction company have outperformed the sector by nearly 19 percent, rising the most since August 20. The HCC shares have gained after 2 days of consecutive fall likely on reports of the company raising Rs 497.6 crore through a rights issue. HCC shares traded at Rs 13.21, up by more than 19.5 percent at 3 pm. For the year, the stock has lost over 64 percent in its value.

  • BHEL Bags Rs 3,500 crore order for setting up 660 MW thermal unit##BHEL Bags Rs 3,500 crore order for setting up 660 MW thermal unit

    State-run BHEL said it has bagged an order worth Rs 3,500 crore for setting up a 660 MW supercritical thermal power plant in West Bengal. The order by West Bengal Power Development Corporation (WBPDCL) entails setting up a 660 MW Sagardighi Thermal Power Project at Manigram village in Murshidabad district of West Bengal, BHEL said in a statement.

    According to the statement, BHEL's scope of work in the project includes design, engineering, manufacture, supply, testing and commissioning of the main plant turnkey package, comprising supercritical boiler and turbine generator along with its auxiliaries, coal handling plant and ash handling plant.

  • National polls, trade war and crude oil: A cautious new year ahead for Dalal Street##National polls, trade war and crude oil: A cautious new year ahead for Dalal Street


    Stock market is expecting a volatile year ahead with a host of domestic and international factors expected to drive its movement and these include national elections, a pre-poll union budget, trade war issues and crude oil prices.

    Experts believe the overall movement for the benchmark Sensex may also end up in 2019 at around 5 per cent, the same as 2018.

    Read full report here

  • CONCOR gains for 4th session, hits 6-month high##CONCOR gains for 4th session, hits 6-month high 


    Shares of Container Corp of India traded higher for the fourth straight session, hitting a six-month high of Rs 696.90, as the company's volumes and realisations are expected to remain strong. CONCOR shares have gained 7.2% in four sessions, and are flat for 2018. At 1.29 pm, CONCOR shares traded at Rs Rs 669, marginally up by 0.38 percent. 

  • Capital goods will be the sector of 2019, says Raamdeo Agrawal of Motilal Oswal##Capital goods will be the sector of 2019, says Raamdeo Agrawal of Motilal Oswal

    Raamdeo Agrawal, co-founder of Motilal Oswal Financial Services, spoke to CNBC-TV18 about his expectations from next year and co-relation between oil prices and market performance.

    "There are lot of positive feelings as we enter 2019 but one can expect some corrections as well in 2019 because usually a correction cycle lasts for 2-3 years," Agrawal said on Monday. "One should look from a five year perspective and if we can do another 11-12 percent in next five years compounded."


    Read full report here

  • SAIL shares gain as company to set up 3 mtpa steel plant in Odisha, Sensex, Nifty turn negative##SAIL shares gain as company to set up 3 mtpa steel plant in Odisha, Sensex, Nifty turn negative


    Shares of Steel Authority of India gained today after the company said it will set up a 3 mtpa steel plant in Odisha on the land the state had earmarked for South Korean steelmaker Posco, according to a Financial Express report. Shares of SAIL traded at Rs Rs 56.20, up by 2.46 percent. In 2018 so far, the stock has shed 39%. Meanwhile, benchmark indexes turned negative with the Sensex slipped over 27 points, or 0.08 percent, to trade at 36,049. The Nifty was down by nearly 6 points, or 0.04 percent, to 10,855.

  • RBI says average base rate to be charged by NBFC-MFIs to borrowers raised to 9.15% for Q4##RBI says average base rate to be charged by NBFC-MFIs to borrowers raised to 9.15% for Q4

  • PhillipCapital sees 68% upside in NCC shares##PhillipCapital sees 68% upside in NCC shares

    NCC shares rallied 3.4 percent in morning after global investment firm PhillipCapital has maintained buy call on the stock with a target price of Rs 145, implying nearly 68 percent potential upside.

  • Goodbye 2018, you were the reality check that market needed##Goodbye 2018, you were the reality check that market needed


    As we move into the last trading day of 2018, it’s time to look back at the year that was and take lessons for the next year. History is always important for looking into the future of stock market, as oxymoronic it may sound. 


    Read CNBCTV18's Anuj Singhal's full report here

  • Cipla falls as company recalls drug used in HIV treatment##Cipla falls as company recalls drug used in HIV treatment

    Shares of Cipla fell nearly 1% today as the company has voluntarily recalled 4,800 bottles of nevirapine extended-release tablets in the US due to dissolution-specification issues. The tablet, in 400-mg strength, is used to treat those infected by the human immunodeficiency virus, and is manufactured at the company's facility in Goa. Shares of the company were down 0.79% at Rs 522 at 11.10 am.  

  • Asian Granito slumps 13% on arrest of co's promoter##Asian Granito slumps 13% on arrest of co's promoter

    Shares of Asian Granito India slumped nearly 13% today as Promoter and Managing Director Mukeshbhai Patel was arrested by Directorate of Revenue Intelligence on Friday, the company said in a release. Patel had been granted bail on Saturday, the release said. The company, however, did not disclose any specific details on the reason for the arrest. At 10.30 am, shares of the company traded down 7% at 172.95 rupees. So far in 2018, the stock has lost 70%. (Cogencis)

  • Aavas Financiers up 2% on Rs 4 billion funding from NHB, Sensex, Nifty trade higher##Aavas Financiers up 2% on Rs 4 billion funding from NHB, Sensex, Nifty trade higher


    Shares of Aavas Financiers gained 2.2% today, after it received fresh refinancing assistance of Rs 4 billion from National Housing Bank to "strengthen liquidity position" of the company. National Housing Bank, a wholly owned subsidiary of the Reserve Bank of India, also approved the undrawn limit of Rs 1 billion from December 2017 for the housing finance company. Shares of the company traded 1.18% higher at Rs 826.35 at 10.24 am. Meanwhile, benchmark indexes were off highs. The Nifty traded over 41 points higher, or 0.38 percent, at 10,901. The Sensex was up 106 points, or 0.29 percent, to trade at 36,183.

  • HDIL up 7% as company to allot 20 million warrants to promoter##HDIL up 7% as company to allot 20 million warrants to promoter


    Shares of Housing Development & Infrastructure gained 7% today to hit their three-month high of Rs 26.90 after the company's board approved allotment of 20 million warrants at Rs 31.1 each to promoter Sarang Wadhawan. So far today, over 3.8 million shares of the company have changed hands on the NSE, higher than the three-month daily average of 3.3 million shares. Shares of the company traded 4.9% higher at Rs 26.30. So far in 2018, the stock has lost as much as 60%. 

  • HPCL, BPCL, NTPC leading among index losers in early trade##HPCL, BPCL, NTPC leading among index losers in early trade

  • Indiabulls Housing Finance, metal stocks among top index gainers in early trade##Indiabulls Housing Finance, metal stocks among top index gainers in early trade

  • Opening Bell: Sensex, Nifty open higher on New Year's eve, midcaps outperform##Opening Bell: Sensex, Nifty open higher on New Year's eve, midcaps outperform


    The Sensex gained over 166 points, or 0.46 percent, to 36,243 in early trade, while the Nifty was trading at 10,916, up by over 56 points, or 0.52 percent. Broader markets also jumped well over half a percent. Among gainers, Indiabulls Housing Finance, Hinalco, Tata Motors, Vedanta and Tata Steel rose by up to nearly 1.5 percent. HPCL, BPCL, NTPC, ONGC and Adani Ports dropped by up to 0.74 percent. 

  • Rupee opens stronger against the US dollar##Rupee opens stronger against the US dollar


    The Indian rupee opened stronger at 69.80 per US dollar on Monday, up 14 paise from its Friday's close of 69.94. 

  • Here are the top picks from Ashwani Gujral, Sudarshan Sukhani and Mitesh Thakkar##Here are the top picks from Ashwani Gujral, Sudarshan Sukhani and Mitesh Thakkar


    Ashwani Gujral of ashwanigujral.com

    Buy Glenmark Pharma with a stop loss of Rs 690, target of Rs 715

    Buy Piramal Enterprises with a stop loss of Rs 2300, target of Rs 2450

    Buy Cummins India with a stop loss of Rs 855, target of Rs 880

    Buy Colgate Palmolive with a stop loss of Rs 1300, target of Rs 1355

    Buy Canara Bank with a stop loss of Rs 273, target of Rs 287


    Sudarshan Sukhani of s2analytics.com

    Buy United Breweries with stop loss at Rs 1360 and target of Rs 1400

    Buy Hexaware Tech with stop loss at Rs 325 and target of Rs 336

    Buy Dr Reddy's Labs with stop loss at Rs 2580 and target of Rs 2680

    Buy Mahindra & Mahindra with stop loss at Rs 795 and target of Rs 820

    Sell Bharti Infratel with stop loss at Rs 266 and target of Rs 259


    Mitessh Thakkar of miteshthacker.com

    Buy Cummins India with a stop loss below Rs 839 for target of Rs 900

    Buy Glenmark Pharma with a stop loss of Rs 685 and target of Rs 720

    Buy M&M with a stop loss of Rs 792 and target of Rs 830

    Sell Pidilite Industries around Rs 1105 with stop loss of Rs 1125 and target of Rs 1070.

  • Power Grid seen up on loan pact with Germany-based company##Power Grid seen up on loan pact with Germany-based company

    Shares of Power Grid Corp. of India are seen higher today after the company, late on Friday, said that it has entered into a loan agreement with Germany-based KfW for 200 million euro (Rs 16.02 billion) to finance a transmission project for the integration of clean energy and system strengthening. On Friday, shares of the company closed 0.3% higher at Rs 197.05. 

  • Here's the list of stocks to watch today##Here's the list of stocks to watch today

  • All that you need to know about Mutual Funds last week##All that you need to know about Mutual Funds last week


    2018 has been the year of the retail investors. This year marks the first time that the individual investors have overtaken institutional investors to grab a majority stake in the mutual fund industry. The share of the individual investors has risen from 48.8% to 54% over the course of the year. This year also saw an inflow of Rs 3 trillion in Assets Under Management of the Mutual fund industry. The strong participation of retails investors despite market volatility coupled with the consistent increase in SIP flows boost the likelihood that this uptrend might continue in the new year.

    Read full report here

    ALSO READ: Top stocks to watch out for on December 31: RIL, IndiGo, Fortis Healthcare, HDFC Bank

  • 2019 is the year for investing through SIPs, says S Naren of ICICI Prudential##2019 is the year for investing through SIPs, says S Naren of ICICI Prudential


    The year 2018 started with the mid and small cap reigning only to lose ground to large caps as the year progressed. We believe the year 2019 too will be very interesting given that general elections are just around the corner. Currently, we believe, that markets are neither expensive nor cheap but fairly valued. We believe there is plenty of opportunity through stocks that are available at attractive valuations and hence focus is on individual stick picking for better returns.


    Read full report here

  • Here’s how brokerages rate SBI, Axis Bank and NCC##Here’s how brokerages rate SBI, Axis Bank and NCC

    Emkay on SBI:
    Banks offers a good near term trade on NPA recovery.
    Valuations reasonable at 1.2x FY20e ABV/1.1x FY21e ABV.
    Maintains ACCUMULATE rating, target at Rs 345 per share.

    Emkay on Axis Bank:
    New MD and CEO has a clear mandate to improve performance across biz verticals. 
    Amitabh Chaudhry may undertake major overhaul of the bank and subsidiaries.
    Risk of accelerated NPA recognition will remain an overhang. 
    Long-term outlook looks positive but may remain volatile in near term. 
    Maintains ACCUMULATE rating, target at Rs 675 per share.

    PhillipCap on NCC:
    Maintains BUY Call, target at Rs 145 per share.
    Current price an opportune time to buy the stock with immense growth potential.
    See company benefitting from its strong diversified orderbook and balance sheet.
    Strong order inflow and orderbook despite slowdown in road and metro segments.
    Subsidiary performance a significant positive.

  • Wall Street ekes out gains despite drag from tech stocks##Wall Street ekes out gains despite drag from tech stocks


    US stocks rose on Friday, with gains in defensive sectors including consumer staples and real estate helping extend a two-day rally, although weakness in technology companies capped gains.

    The final week of 2018 has seen wild swings in equities, starting off with Wall Street's worst-ever Christmas Eve drop, followed by Dow Jones Industrial Average's record 1,000-plus point surge on Wednesday and a stunning rally late on Thursday.

    Read full report here

  • Hang Seng is up nearly 1% and SGX Nifty indicates a positive for the Indian equities##Hang Seng is up nearly 1% and SGX Nifty indicates a positive for the Indian equities

  • US markets surged with Dow Jones Industrial Average advancing over a percent##US markets surged with Dow Jones Industrial Average advancing over a percent

    -US equities swung around wildly again but in the last hour, staged a sharp recovery. Close: SPX +0.86%, Dow +1.14%, Nasdaq +0.38%.

    -USD underperformed broadly, leaving (most) carry currencies ahead. 

    -US 10-year yields remained in the 2.75% area. 

    -WTI spent most of the day lower around $45. 

    -Price action across the board mostly appears to be a function of year-end positioning & poor liquidity more than anything else.