Sensex heatmap at close: Reliance Industries surges 2%, Hero Moto dips 1.85%##Sensex heatmap at close: Reliance Industries surges 2%, Hero Moto dips 1.85%

Dec 27, 2018 3:46 PM

Closing Bell: Sensex, Nifty slip from highs, but end with gains, RIL, ITC support indexes##Closing Bell: Sensex, Nifty slip from highs, but end with gains, RIL, ITC support indexes

The BSE Sensex slipped 234 points from highs to end with a gain of 157 points at 35,807 and the NSE Nifty50 falling 54 points from highs, but holding on to 50-day moving average of 10,770 with close coming in at 10,780. While Reliance, Infosys and ITC kept benchmark indices in the green, financial stocks of HDFC Bank, Kotak Mahindra Bank and SBI kept gains in the check, leading Nifty Bank 108 points lower to 26,852. The Nifty Midcap Index, led by RBL Bank and Federal bank, ended the session 58 points higher at 17,631. Amongst Nifty stocks, oil marketing companies made a sharp recovery from lows as crude failed to hold overnight gains.

Dec 27, 2018 3:44 PM

Selan Exploration surges on share buyback, dividend##Selan Exploration surges on share buyback, dividend

Shares of Selan Exploration Technology hit their one-month high of Rs 200.70 after the company said it will buy back shares at 72% premium from their previous closing price. This translates into a 60% premium to the stock price at the time the company made the disclosure. The announcement of an interim dividend of Rs 5 per share also aided gains in the stock. The company said it will buy back shares at a maximum price of Rs 300 apiece for up to Rs 250 million. So far today, 2.93 million shares of the company have exchanged hands on NSE, more than 20-times the daily average trading volume of 105,312 shares.

Dec 27, 2018 3:11 PM

Heritage Foods up as government extends ban on Chinese dairy products##Heritage Foods up as government extends ban on Chinese dairy products

Shares of Heritage Foods extended their gains for the fourth session and hit a one-month high of Rs 565 as the government has extended the ban on Chinese dairy products till April 23. Heritage Foods is among the largest private sector dairy enterprises in South India and the ban on Chinese melamine-contaminated milk products is likely to boost sales for the company. It is likely to gain more as it is showing signs of strength on technical charts, an analyst said. Analysts believe that the upside in the stock will, however, be limited to Rs 650, while any dip will find support at Rs 505. Shares of the company were up 3.7% at Rs 552.05.

Dec 27, 2018 2:42 PM

Market pares some gains ahead of expiry##Market pares some gains ahead of expiry

Dec 27, 2018 2:36 PM

Market update: Sensex surges 266 points, Nifty holds 10,800##Market update: Sensex surges 266 points, Nifty holds 10,800

The Nifty traded 76 points higher, or 0.71 percent, at 10,805, while the Sensex was up by 259 points, or 0.73 percent, to trade at 35,909. Midcaps underperformed with the Nifty MidCap up by 0.60 percent, while the BSE MidCap was higher by 0.56 percent. Shares of Infosys, Gail, Reliance Industries, ZEEL, Bharti Infratel, Tata Consultancy Services, IndusInd Bank and Adani Ports gained by up to 2.75 percent. Bharti Airtel, Hero MotoCorp, Dr Reddy's Labs, Bajaj Auto, BPCL, Kotak Mahindra and Power Grid Corp. dipped by up to 1.43 percent.

Dec 27, 2018 2:13 PM

Suven Life rises on product patents in Brazil, Eurasia##Suven Life rises on product patents in Brazil, Eurasia

Shares of Suven Life Sciences gained 3% today after the company said that it has received one product patent each in Brazil and Eurasia for its new chemical entities for the treatment of disorders associated with neurodegenerative diseases, such as Alzheimer's, Parkinson's, and schizophrenia. The patent in Brazil is valid till 2023, while the one in Eurasia is valid till 2034.

Dec 27, 2018 1:20 PM

Bliss GVS Pharma: 57.9 lakh shares (5.6% equity) trade in three blocks on BSE at Rs 140 per share##Bliss GVS Pharma: 57.9 lakh shares (5.6% equity) trade in three blocks on BSE at Rs 140 per share

Dec 27, 2018 1:01 PM

Container Corporation jumps 4%, PhillipCap maintains 'buy' call##Container Corporation jumps 4%, PhillipCap maintains 'buy' call

Container Corporation of India shares rallied 4 percent intraday after global brokerage house PhillipCapital has maintained buy call on the stock and sees a whopping 38 percent potential upside to Rs 900 levels. The research house retained its buy call after the Indian railways offered hefty discount in haulage of empty containers and flat wagon movement.

"25 percent discount in rail haulage charge is positive for cost reduction & volume growth of the company, and with revised rates, haulage cost for empty container would decline from around 10 to Rs 7.50 per km," PhillipCapital said.

Dec 27, 2018 12:51 PM

Shakti Pumps surges over 9% after falling for 3 consecutive days##Shakti Pumps surges over 9% after falling for 3 consecutive days

Shares of Shakti Pumps India Ltd surged more than 9 percent on Thursday to hit an intra-day high of Rs 423 for a share. The gains came after three days of consecutive fall.

Read full report here

Dec 27, 2018 11:56 AM

PSU oil refiners slump on surge in global crude prices##PSU oil refiners slump on surge in global crude prices

Shares of state-owned oil refining companies fell today as global crude oil prices rose nearly 8% on Wednesday, denting optimism for their oil marketing margins. Global crude oil prices had surged as fear over economic slowdown in the US receded on the back of strong economic data. At 11.40 am, shares of Indian Oil Corp, Hindustan Petroleum Corp, and Bharat Petroleum Corp were down 1.0-2.2%.

Dec 27, 2018 11:49 AM

Next tranche of bank recap bonds of Rs 28,000 crore likely to be issued by Friday##Next tranche of bank recap bonds of Rs 28,000 crore likely to be issued by Friday

The next tranche of bank recapitalisation bonds worth Rs 28,000 crore is likely to be issued latest by Friday, sources told CNBC-TV18. Around seven or eights banks are likely to be issued the recap bonds worth Rs 28,000 crore, the sources said. On December 19, the government sought Parliament nod for Rs 41,000 crore additional recap bonds for them. The supplementary recap bond for Rs 41,000 crore is yet to get parliament nod.

Read full report here

Dec 27, 2018 11:46 AM

L&T Construction wins orders valued Rs 2,357 crore, Sensex, Nifty maintain gains##L&T Construction wins orders valued Rs 2,357 crore, Sensex, Nifty maintain gains

The construction arm of L&T has won orders worth Rs 2,357 crore on Thursday. Water and effluent treatment and transportation infrastructure business has secured orders worth Rs 1,281 crore while water and effluent treatment business has bagged orders worth Rs 1,076 crore. Shares of Larsen & Toubro traded 0.41 percent up at Rs 1,428.55 at 10.48 am. Meanwhile, benchmark indexes traded with gains with the Nifty higher by 87 points, or 0.81 percent, to trade at 10,816. The Sensex gained over 326 points, or 0.92 percent, at 35,976.

Dec 27, 2018 10:49 AM

Titagarh Wagons up as promoter to sell stake in arm##Titagarh Wagons up as promoter to sell stake in arm

Shares of Titagarh Wagons gained 4% today because promoter plans an offer-for sale of 1.54 million shares or 5.64% stake in the company's subsidiary Cimmco. The floor price has been set at Rs 38 per share. The offer will open for non retail investors on Thursday and for retail investors on Friday.

At 9.55 am, shares of the company were 1.9% up at Rs 82.50. So far in 2018, the stock has lost as much as 50%.

Dec 27, 2018 10:11 AM

Sun Pharma shares rise over 2 percent##Sun Pharma shares rise over 2 percent

Shares of Sun Pharmaceutical Industries rose over 2 percent intraday on December 27 after its unit DUSA Pharmaceuticals got injunctive relief in a US patent infringement case. The stock gained as much as 2.4 percent, quoting at Rs 424 on the BSE. A US district court prohibited Biofrontera and other defendants from using DUSA's confidential and proprietary trade secret information.

Dec 27, 2018 9:43 AM

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