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CNBC-TV18 Market Highlights: Sensex ends flat, Nifty holds 12,250; metal, auto stocks gain, banks fall

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Indian shares ended flat on Monday as gains in index heavyweights like HDFC Bank, ITC, and Bharti Airtel were capped by losses in banking and IT stocks. The BSE Sensex ended 17 points lower at 41,558, while Nifty50 settled 10 points higher at 12,256.

CNBC-TV18 Market Highlights: Sensex ends flat, Nifty holds 12,250; metal, auto stocks gain, banks fall
  • 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

    - Sensex And Nifty Close Flat But Off Lows, Banks Underperform


    - Nifty Recovers 42 Points From Lows To End Monday Session At 12,255


    - Sensex Up 105 Points From Lows But Fails To Turn Positive


    - Midcap Index Outperforms Frontliners; Market Breadth Favours Advances


    - ICICI Bank and Axis Bank Drag Nifty Bank While HDFC Bank Supports


    - Nifty Bank Fails To Hold Record High Of 32,613 Seen In Opening Session


    - PSU Banks Underperform As RBI Sees NPAs Rising In FY21, Nifty PSU Bank Slips 1.2 percent


    - Car, 2-wheeler Stocks Gain On Hope Of Sales Revival, Tata Motors Up Over 4 percent


    - Prince Pipes Recovers 9 percent From Lows After Listing At 10 percent Discount To The Issue Price


    - Metal Names Amongst Top Gainers; Nifty Metal Up Over 1 percent

  • Closing Bell: Sensex ends flat, Nifty holds 12,250; broader markets outperform##Closing Bell: Sensex ends flat, Nifty holds 12,250; broader markets outperform

    Indian shares ended flat on Monday as gains in index heavyweights like HDFC Bank, ITC, and Bharti Airtel were capped by losses in banking and IT stocks. The BSE Sensex ended 17 points lower at 41,558, while Nifty50 settled 10 points higher at 12,256. Broader markets outperformed benchmarks with Nifty Midcap and Nifty Smallcap up 0.4 percent and 0.6 percent, respectively.

    Among stocks, Tata Motors, Eicher Motors, UPL, Nestle, and Vedanta were top gainers on the Nifty50 index, while Yes Bank, ICICI Bank, SBI, TCS and IOC led the losses. Sectoral indices were mixed during the day. While major selling was seen in financials and IT, auto and metal indices rose during the day.

  • This is the best performing stock in Nifty as well as Sensex in 2019. Find out

    CNBC-TV18 Market Highlights: Sensex ends flat, Nifty holds 12,250; metal, auto stocks gain, banks fall
  • Stars of 2019: NIIT Technologies outperforms Nifty IT hands down — Here is why##Stars of 2019: NIIT Technologies outperforms Nifty IT hands down — Here is why


    The end of the year is the perfect time to talk about stocks that outperformed all through the year. One such scrip is NIIT Technologies, a mid-sized IT services company. One of the top-performing IT stocks, it has given a return of nearly 40 percent this year, versus the Nifty IT which has gained only 10 percent odd. READ MORE

  • Roundup 2019: These were the best and worst performing sectors of the year

    Only 3 sectors managed to outperform benchmarks during the year, while, six sectors generated negative returns in the year. Get latest Market online at cnbctv18.com
    CNBC-TV18 Market Highlights: Sensex ends flat, Nifty holds 12,250; metal, auto stocks gain, banks fall
  • Outlook 2020: Global brokerages recommend top sectors and stocks to watch out for next year##Outlook 2020: Global brokerages recommend top sectors and stocks to watch out for next year

    The year 2019 was a volatile year for the markets with the benchmark indices scaling fresh lifetime highs even as the economic growth hit multi-year lows and inflation rose. Trade war concerns, demand slowdown, rupee volatility, rate cuts by the Reserve Bank of India guided the indices in 2019.

    On a year-to-date basis, the Sensex rose 15 percent while the Nifty50 was up nearly 13 percent. However, broader markets continue to underperform the indices with the S&P BSE Mid-cap index down 3 percent and S&P BSE Small-Cap index falling 8 percent for the year.

    Going ahead, government measures announced recently like corporate tax cuts help the indices. Other macroeconomic factors like growth and inflation will also steer the markets. Globally, US-China trade war crude oil prices and the dollar will be other key monitorable in 2020.

    Click here to know more

  • Here's a quick catchup post of what happened in the markets so far##Here's a quick catchup post of what happened in the markets so far

    1. Indian shares erased all morning gains and turned volatile in the late afternoon session. PSU banks remained under pressure due to the losses in Punjab & Sind Bank, Indian Overseas Bank and Bank of India. 

    2. At 2:15 PM, the Sensex was trading 86.25 points lower at 41,488.89 while the Nifty50 was at 12,227, down 19 points.

    3. Broader indices held some gains with the Nifty Midcap100 index and Nifty Smallcap 100 index trading higher by 0.31 percent and 0.50 percent respectively. 

    4. Tata Motors, Bharti Airtel, Zee Entertainment, Sun Pharma and JSW Steel were the Nifty50 top gainers while Infosys, ICICI Bank, Axis Bank, SBI and Hindustan Unilever as the top losers. 

  • Dishman Carbogen rises surges 5%##Dishman Carbogen rises surges 5%

    Dishman Carbogen's shares rose over 5 percent intraday after Anand Rathi recommended 'buy' on the stock. 

    According to the brokerage, Dishman remains fully committed to scaling up its business and primary growth drivers like the commercialization of molecules in late phase 3 (18 molecules) and global dominance in Vitamin D are likely to help Dishman report revenue and PAT CAGR of 11 percent and 15 percent, respectively over FY19-21. 

    "We revise target price to Rs 227 (earlier Rs 362) based on 10 times PER (in-line with the historical average) on FY21E EPS of Rs 23. Risks: Currency fluctuations, regulatory hurdles, deferred orders," added the report.

  • Value or growth stocks: Which is a better option for you? Find out here##Value or growth stocks: Which is a better option for you? Find out here

    Picking up stocks in markets can be defined as more of an art than a science. The markets never move in a straight line and thus investors have to deploy different strategies for generating returns on their investments.

    Value investing and growth investing are the best-known approaches that fundamental investing entails. Each type has a loyal set of followers with their own logic, belief system and analysis to back their claims. In this article, let’s see what these approaches are and their suitability. READ MORE

  • SpiceJet's shares rally up to 15 percent##SpiceJet's shares rally up to 15 percent

    The share price of SpiceJet rallied up to 15 percent intraday on the back of the huge supporting volume.

    The stock began its rally on December 24 when it hit a double-bottom. According to the technical charts, SpiceJet hit its double-bottom level of Rs 92.85. Another reason behind the stock rally is that it's now trying to cross the 200-DMA (day moving average) levels. 

    The exact same rally was last witnessed on April 12 this year when the stock jumped 45 percent in 4 trading sessions. 

    At 1:17 pm, the stock was trading 6.85 percent higher to Rs 110.80 per share on the BSE while on an intraday basis, the share price rallied 14.42 percent at Rs 119.20.

  • Here's a quick catchup post of what happened in the markets so far##Here's a quick catchup post of what happened in the markets so far

    1. Indian shares erased all morning gains and traded lower in the late morning session. PSU banks witnessed the majority losses with Punjab & Sind Bank as the top loser of the Nifty PSU Bank index. 

    2. At 12:45 PM, the Sensex was trading 118.49 points lower at 41,456.65 while the Nifty50 was at 12,216, down 30points.

    3. Broader indices held some gains with Nifty Midcap100 index and Nifty Smallcap 100 index trading higher by 0.10 percent and 0.32 percent respectively. 

    4. Tata Motors, Sun Pharma, Eicher Motors, Bharti Airtel and Zee Entertainment were the Nifty50 top gainers while Hindalco, BPCL, YES Bank, SBI and ICICI Bank as the top losers. 

  • IndiGo now has 250 planes. What does that mean for its operations?##IndiGo now has 250 planes. What does that mean for its operations?

    IndiGo, India’s largest carrier by domestic market share and fleet, has reached another milestone, after inducting its 250th aircraft. It is a first in Indian aviation.

    IndiGo also became the first airline in the country to operate 1,500 daily departures. While it is a proud moment for IndiGo, it also is a badge of honour for aviation in India. According to data released by Indian regulator Directorate General of Civil Aviation (DGCA), India had a fleet of 243 aircraft at the end of fiscal year 2005-06, a few months before IndiGo started operations in August 2006. The total fleet in India stands at 650 aircraft as of now. Click here to know more

  • Max Life Insurance’s Mihir Vora expects consolidation in realty, NBFC sectors##Max Life Insurance’s Mihir Vora expects consolidation in realty, NBFC sectors

    The Reserve Bank of India's commitment to bring down interest rates and make sure the rate transmission happens will impact the mid- and small-cap stocks, said Mihir Vora, director and chief investment officer, Max Life Insurance, in an interview to CNBCTV18.

    Vora said some sectors such as chemicals, capital goods, media and healthcare are growing irrespective of whether the broader economy is doing well or not. "These segments are reflected in the mid and smallcap indices and there is always ample scope for stock picking there,” he added.

    The upcoming earnings season is unlikely to bring any surprises as there has been a lot of negative news and earnings are factored in, said Vora.

    "It will now boil down to what the budget is going to look; already a lot of speculations on the tax rates, GST rates etc., so events likely to more important than the earning season,” he added. Read here for more

  • PSP Projects gains nearly 6%##PSP Projects gains nearly 6%

    PSP Projects shares surged nearly 6 percent intraday after the company in its press release announced that it has emerged as the L-1 bidder for development and beautification of Kashi Vishwanath Dham at Varanasi, Uttar Pradesh with bid value of Rs. 339 crores (excluding taxes).

  • JMC Projects falls 3% on CFO resignation##JMC Projects falls 3% on CFO resignation

    The share price of JMC Projects (India) declined 3.6 percent on December 30 after the company's chief financial officer Manoj Tulsian has tendered his resignation to pursue an external professional opportunity, as per company press release.

  • Prince Pipes and Fittings makes poor market debut, lists 10% lower than issue price##Prince Pipes and Fittings makes poor market debut, lists 10% lower than issue price

    Polymer pipes and fittings manufacturer Prince Pipes and Fittings made a tepid debut on bourses on Monday listing at Rs 160 per share on BSE and NSE, down 10 percent from its issue price of Rs 178.

    The stock fell as much as 14.2 percent (with respect to issue price) to Rs 152.60 per share on BSE. At 10:02 am, the stock was trading 1394 percent lower at Rs 153.2 as compared to 0.2 percent or 80 points rise in BSE Sensex at 41,655.

    The Rs 500-crore IPO did not receive a strong subscription and was subscribed only 2.21 times from December 18 to December 20, which was far lower compared to recent IPOs. The company, which had a price range of Rs 177 to Rs 178 per share, comprised of a fresh issue of shares worth Rs 250 crore and an offer for sale of the same amount.

    The company's promoter group planned to dilute around 29 percent in the proposed IPO, which stands at 90.06 percent in the pre-issue period. Link Intime India Private Ltd is the registrar for the IPO, while JM Financial Limited and Edelweiss Financial Services Ltd are the book running lead managers to the issue.

    Here's what brokerages have to say about the IPO.

  • Snowman Logistics rallies 7% post majority acquisition by Adani Group##Snowman Logistics rallies 7% post majority acquisition by Adani Group

    The share price of Snowman Logistics rallied 7 percent intraday on Monday after Adani Group bought a majority stake in the company's cold chain logistics. 

    At 9:51 am, the shares were trading 2.58 percent higher at Rs 43.75 per share on the NSE while on an intraday basis, the stock price rallied 7.03 percent at Rs 45.65. 

    On Friday, Adani Group acquired a majority stake of 40.25 percent in Snowman Logistics Ltd for Rs 296 crore to foray into cold chain logistics. 

    Snowman is a market leader in cold chain logistics with over 30 percent of capacity amongst integrated organized cold chain service providers in India.

    The acquisition gives Adani Logistics platform to double its capacity in the next five years. The buyout is in line with the firm's strategy to move from the port gate to the customer gate. 

    "The purchase price of Rs 44 per share represents a 3.2 percent premium to the market price of December 27, 2019, and a 12 percent premium to 60-day average," it said.

    As part of the transaction, Adani Logistics will make a mandatory open offer as per the Substantial Acquisition of Shares and Takeover Guidelines, 2011 for a maximum of 26 percent of the public shareholding in the Snowman Logistics. The acquisition is subject to customary condition precedents and expected to close by March 31, 2020.

  • Dollar trims annual gains in low volatility year, more action seen in 2020##Dollar trims annual gains in low volatility year, more action seen in 2020


    The dollar was on the defensive on Monday in light year-end trading after suffering a setback the previous session, as hopes of a US-China trade deal lifted investors’ risk appetite, sapping safe-haven demand for the greenback. The dollar index was stable at 96.942 against six major currencies after sliding 0.6 percent on Friday for its biggest single day percentage drop since June.

    With Friday’s loss, the index’s gains for the year have shrunk to under 1 percent, putting it on track for the smallest annual change in six years. Against the Japanese yen the dollar was treading water at 109.41, on track to end the year where it started in January. The big gainers in recent weeks have been the risk-sensitive and commodity-linked currencies of Australia and New Zealand. READ MORE

  • Now, let's move on to top brokerage calls for December 30##Now, let's move on to top brokerage calls for December 30


    CLSA on Adani Ports: The brokerage has a 'buy' call on the Adani Group stock with a target price at Rs 485 per share. The company acquired Snowman Logistics at the bottom of the cycle, CLSA said. It added that Snowman adds 16 percent to Adani Logistics revenues and 14 percent to EBITDA.

    Morgan Stanley on NTPC: The brokerage is 'overweight' on the stock with a target price of Rs 152 per share. State Electricity Board overdue stands at Rs 67,300 crore, up 3 percent MoM in October and up 47 percent since March.


    Click here for more

  • MarketBuzz Podcast With Nigel D'Souza: Sensex, Nifty likely to open lower; Adani Ports, DHFL, Reliance Capital in focus

    Indian shares are likely to open lower on Monday following weakness Asian peers.
    CNBC-TV18 Market Highlights: Sensex ends flat, Nifty holds 12,250; metal, auto stocks gain, banks fall
  • IRDAI restores Reliance Capital's 100% shares in Reliance General Insurance##IRDAI restores Reliance Capital's 100% shares in Reliance General Insurance

    Reliance Capital on Sunday said the Insurance Regulatory and Development Authority of India has cancelled pledge enforcement of Reliance General Insurance Company Ltd's (RGICL) shares by Credit Suisse and Nippon India MF.

    Irdai has directed IDBI Trusteeship Services not to give effect to any encumbrance or transfer or any change in the shareholding of RGICL, according to a BSE filing by Reliance Capital (RCAP).

    The statement added: "Pursuant to the Irdai direction, 100 percent shareholding in RGICL stands restored to RCAP.

    "IRDAI directed trustee not to give effect to any encumbrance / transfer or any change in the Shareholding of the RGICL.

    "In November 2019, the trustee had transferred RCAP’s 100 percent shareholding in RGIC by invoking pledge, which was being contested by the Company.

    "IRDAI ruling has protected the interest of all lenders and debenture holders of RCAP. This will now help RCAP to monetise its stake in RGIC and to reduce its debt."

    Reliance Capital, in its statement, added that the company will continueits efforts to monetize its shareholding in RGICL.

    "The company will continue its efforts to monetize its shareholding in RGICL as part of its overall plans for debt reduction."

  • Government waives off MDR for merchants using UPI, RuPay from January, launches common e-auction platform for banks
    The Narendra Modi government on Saturday announced various steps including strengthening of the digital payment system and a common e-auction platform for banks.Get latest Economy online at cnbctv18.com
    CNBC-TV18 Market Highlights: Sensex ends flat, Nifty holds 12,250; metal, auto stocks gain, banks fall
  • RBI's financial stability report flags government's falling revenue, puts a question mark on fiscal target##RBI's financial stability report flags government's falling revenue, puts a question mark on fiscal target

    The Reserve Bank of India (RBI) has flagged falling government revenue as a threat to the overall fiscal numbers -- with tax and non-tax revenues lagging way behind targets -- saying this along with weaker private consumption and investment could prove to be a challenge.

    The central bank, however, said amidst all these negatives the nation's financial system remains resilient with the asset quality of banks improving (NPAs remaining stable at 9.3 percent as of September as same as March 2019) thanks to the efforts of both banks and companies to clean up their balance sheets.

    The warning assumes importance from many angels as revenue mop-up has been falling and budgeted expenditure (fiscal deficit) has crossed 107 percent as of November, putting a big question mark on the government's ability to meet the 3.3 percent fiscal targets. READ MORE HERE 

  • Here are the top stocks to watch out for on December 30##Here are the top stocks to watch out for on December 30 

    Indian shares are likely to open lower on Monday following weakness Asian peers. At 7 AM, the SGX Nifty was trading 20 points or 0.16 percent lower at 12,321, indicating a negative start for the Sensex and Nifty50.

    Among the stocks in the news today, Adani Group agreed to acquire a majority stake in Snowman Logistics and Bharti Airtel hiked its mandatory minimum recharge for pre-paid customers. Here is the link for the top stocks to watch out for in today’s trade. 

Indian shares ended flat on Monday as gains in index heavyweights like HDFC Bank, ITC, and Bharti Airtel were capped by losses in banking and IT stocks. The BSE Sensex ended 17 points lower at 41,558, while Nifty50 settled 10 points higher at 12,256.