Thank you readers and here are the main highlights from the stock markets today##Thank you readers and here are the main highlights from the stock markets today

Thank you readers and before we end our live coverage of the stock markets today, here are the main highlights today.

-Sensex and Nifty end lower after a range-bound trade

-Sensex slips 205 points to 41,323 and Nifty 55 points to 12,169

-Midcap Index fails to hold recovery, ends with a cut of 21 points

-HDFC Bank contributes nearly 70% to the Nifty Bank’s fall of 133 points

-Telecom stocks move higher as companies are not needed to pay AGR dues by Jan 23.

-Kotak Maharashtra Bank recovers over 2% from lows to close at day’s high

-Axis Bank amongst top losers ahead of results tomorrow

Bharti Infratel top nifty gainer, posts biggest single-day gain in 2 months

-Most cement stocks gain as Macquarie expects cos to raise prices

-Market breadth remains in favour of declines; advance-decline ratio at 2:3

Jan 21, 2020 3:56 PM

Sensex heatmap at close: Tata Steel, M&M, Maruti among top losers##Sensex heatmap at close: Tata Steel, M&M, Maruti among top losers

Jan 21, 2020 3:47 PM

Closing Bell: Sensex dips 205 points, Nifty at 12169 as bank, metal stocks drag##Closing Bell: Sensex dips 205 points, Nifty at 12169 as bank, metal stocks drag

The benchmark 30-share S&P BSE Sensex ended 205 points lower, or 0.49 percent, at 41,323. The broader 50-share NSE Nifty50 also slipped 54 points, or 0.45 percent, to settle Tuesday's trade at 12169.Trade sentiment turned negative on geopolitical developments amid continuing slowdown concerns as the International Monetary Fund reduced India's gross domestic product (GDP) growth forecast for the current fiscal to 4.8 percent.The mood was further dampened on weak third quarter earnings by select heavyweights as well as as mounting concerns about a new strain of coronavirus in China that sent a ripple of risk aversion through markets. READ MORE

Jan 21, 2020 3:34 PM

Quick Heal shares gain on reports of tax demand set aside##Quick Heal shares gain on reports of tax demand set aside

Shares of Quick Heal Technologies snapped a three-session losing streak to rise after a report said the Customs, Excise and Service Tax Appellate Tribunal has set aside a service tax demand of Rs 56 crore on the company. The company has been embroiled in a legal battle with tax authorities for demand of up to Rs 161 crore over the past five-six years, Nitin Kulkarni, chief financial officer said in an interaction with CNBC-TV18.

Jan 21, 2020 3:21 PM

Newgen Software up 20% on six-fold rise in Oct-Dec PAT##Newgen Software up 20% on six-fold rise in Oct-Dec PAT

Newgen Software Technologies surged nearly 20 percent to a one-month high of Rs 243.70 after the company's consolidated net profit rose nearly six-fold on quarter to Rs 239.6 million for the quarter ended December. The consolidated revenue grew 20.10 percent on quarter to Rs 1.8 billion, which helped the company's operating margin expand to 19.35 percent from merely 5.93 percent a quarter ago. The surge in margin was also helped by the company's total expenditure growing merely 2.1 percent on quarter. So far today, 438,696 shares of the company have changed hands on NSE, against the three-month average daily volume of 95,629 shares. At 3.01pm, shares of Newgen Software were up 15.7 percent at Rs 236.55.

Jan 21, 2020 3:12 PM

Sanjay Kumar to make IndiGo comeback as chief strategy and revenue officer##Sanjay Kumar to make IndiGo comeback as chief strategy and revenue officer

Sanjay Kumar will return to IndiGo, taking up the role of chief strategy and revenue officer, after a brief stint with low-cost competitor AirAsia India. Kumar, a veteran of Indian aviation, was previously chief commercial officer at IndiGo, India's largest airline. He was named chief operating officer at AirAsia India in November 2018, but resigned a year later. READ MORE

Jan 21, 2020 2:42 PM

Jan 21, 2020 2:33 PM

Earnings Corner: ICICI Prudential Life Insurance's Q3 net profit remains flat##Earnings Corner: ICICI Prudential Life Insurance's Q3 net profit remains flat

ICICI Prudential Life Insurance in its September-December quarter reported net premium income increase of 8.7 percent year-on-year (YoY) at Rs 8,131 crore against Rs 7,483 crore in the corresponding quarter last year.

The net profit grew 1.9 percent YoY at Rs 302.5 crore as compared to Rs 297 crore last year.

The solvency ratio stood at 207.2 percent against 224.3 percent YoY.

Jan 21, 2020 2:18 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 market continued to trade in the red after International Monetary Fund slashed India's FY20 GDP growth to 4.8 percent. Also, weak Q3 earnings by heavyweights have impacted the market negatively.

2. At 2 pm, the Sensex traded 148.95 points or 0.36 percent lower at 41,380.05 while the Nifty50 index traded at 12,182.45, down by 42.10 points or 0.34 percent.

3. Nifty Midcap100 index fell 0.07 percent while in comparison Nifty Smallcap100 index was up 0.29 percent.

4. Bharti Infratel, Zee Entertainment, Coal India, BPCL and HDFC remained the Nifty50 top gainers while Asian Paints, Power Grid, M&M, Tata Steel and Indian Oil Corporation were the top losers.

5. Nifty Realty index was the worst-performing index, down 1.27 percent while Nifty Media was trading 2.09 percent higher.

Jan 21, 2020 2:00 PM

Jefferies' 10 midcap stock ideas to maximize your portfolio gains this year##Jefferies' 10 midcap stock ideas to maximize your portfolio gains this year

Despite the broader correction in the midcaps last year, most analysts are bullish on this space in 2020. Demand slowdown and tight liquidity are the key concerns but Jefferies believes that the quality stocks will largely be resilient. It expects 3 main factors to influence midcaps in 2020 are multiple government initiatives, traction to organized segment, premium product launches, raw material trends, and balance sheet strength.

Click here to read the top midcap picks from Jefferies this year

Jan 21, 2020 1:56 PM

Jan 21, 2020 1:17 PM

KEI Industries surges over 6%##KEI Industries surges over 6%

KEI Industries stock price surged over 6 percent intraday after the company reported strong set of Q3 earnings this year.

At 1 PM, the shares were trading 3.52 percent higher to Rs 535.55 per share on the NSE while on an intraday basis, the stock price surged 6.57 percent at Rs 550.90.

The company's consolidated net profit during the quarter grew by 50.4 percent year-on-year to Rs 72.5 crore, driven by revenue and lower tax cost.

The company's net sales increased by 20.8 percent to Rs 1,314 crore against Rs 1,088 crore in the corresponding quarter of the previous fiscal. EBITDA (earnings before interest, tax, depreciation, and amortization) margin improved to 10.97 percent from 10.92 percent in the previous year's quarter.

Jan 21, 2020 1:03 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 market continued to trade in the red after International Monetary Fund slashed India's FY20 GDP growth to 4.8 percent. Also, weak Q3 earnings by heavyweights have impacted the market negatively.

2. At 12:47 pm, the Sensex traded 146.51 points or 0.35 percent lower at 41,382.40 while the Nifty50 index traded at 12,182.90, down by 41.65 points or 0.34 percent.

3. Nifty Midcap100 index fell 0.03 percent while in comparison Nifty Smallcap100 index was up 0.21 percent.

4. Bharti Infratel, Zee Entertainment, BPCL, Coal India and HDFC remained the Nifty50 top gainers while Asian Paints, Tata Steel, M&M, JSW Steel and Power Grid were the top losers.

5. Nifty Realty index was the worst-performing index, down 1.20 percent while Nifty Media was trading 1.89 percent higher.

Jan 21, 2020 12:49 PM

Jan 21, 2020 12:47 PM

Spencer Retail's shares climbed over 17 percent##Spencer Retail's shares climbed over 17 percent

The share price of Spencer Retail climbed over 17 percent intraday on Tuesday after veteran investor and D-Mart promoter Radhakishan Damani invested in the company.

The latest shareholding pattern of the company said ace investor Radhakishan Damani bought 16,61,324 equity shares (representing 2.09 percent of total paid-up equity) during the quarter ended December 2019.

Intraday, the shares jumped 17.85 percent at Rs 88.10 per share on the NSE.

Jan 21, 2020 12:46 PM

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