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

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

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

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.

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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

Dec 30, 2019 3:45 PM

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.

Dec 30, 2019 3:33 PM

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
Dec 30, 2019 3:21 PM

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

Dec 30, 2019 3:08 PM

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
Dec 30, 2019 2:55 PM

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

Dec 30, 2019 2:40 PM

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. 

Dec 30, 2019 2:19 PM

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.

Dec 30, 2019 2:06 PM
Dec 30, 2019 1:31 PM

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

Dec 30, 2019 1:29 PM

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.

Dec 30, 2019 1:19 PM

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. 

Dec 30, 2019 12:50 PM
Dec 30, 2019 12:43 PM

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

Dec 30, 2019 12:14 PM

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

Dec 30, 2019 11:51 AM

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