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

- Market Ends In Red For Second Day; Nifty Falls Around 30 Points In Last Hour

- Sensex 200 Points Lower After 3 Sessions Retreating From Intra-day High Of 41,703

- Reliance Industries and HDFC Bank Contribute 80 percent To Nifty’s Fall

- HDFC Bank Snaps 2-day Gaining Streak, Biggest Contributor To Nifty Bank’s Loss

- BPCL Ends At Lowest In 8 Sessions As Sources Say Divestment May Be Pushed Beyond March 31

- Among Sectoral Indices Nifty Metal and Pharma End with Minor Gains, Nifty Energy Top Loser

- United Breweries Surges After Sources Say Heineken May Raise Stake In Company

- Market Breadth Tilts In Favour Of Declines After Being Flat; Advance-Decline Ratio At 4:5

Dec 24, 2019 3:41 PM

Closing Bell: Sensex, Nifty end lower dragged by index heavyweights RIL, HDFC Bank##Closing Bell: Sensex, Nifty end lower dragged by index heavyweights RIL, HDFC Bank

Indian shares ended near day's low on Tuesday dragged by index heavyweights like Reliance Industries, HDFC Bank, TCS, and HDFC. Major selling was seen in IT, auto and financial indices during the day. Meanwhile, Asian shares also edged lower as the holiday lull offset optimism that a US-China trade deal will boost exports and corporate earnings.

The BSE Sensex ended 181 points lower at 41,461 and the Nifty50 settled 48 points lower at 12,214. Nifty Midcap and Nifty Smallcap indices also fell around 0.2 percent each. Yes Bank, Cipla, IndusInd Bank, JSW Steel, and ONGC were the top gainers on the Nifty50 index, while BPCL, HCL Tech, Reliance Industries, Eicher Motors, and UPL led the losses.

Among sectors, major selling was seen in IT, auto, and energy indices. Nifty Energy shed 0.8 percent for the day, while Nifty IT and Nifty Media were down 0.5 percent each. Nifty Auto also lost 0.4 percent for the day and Nifty Bank was down 0.15 percent. Meanwhile, among gainers, Nifty Metal advanced 0.5 percent and Nifty Pharma added 0.12 percent.

Dec 24, 2019 3:33 PM

Roundup 2019: The best year global financial markets have ever had?

Dec 24, 2019 3:17 PM

Inflation may force RBI to stop on rate cuts: IMF##Inflation may force RBI to stop on rate cuts: IMF

IMF has cautioned that if inflationary pressure continues, there will be limited room for RBI to cut interest rates to support growth. "On monetary policy, given the sharper-than-expected slowdown and negative output gap (growth below potential), there is room to cut the policy rate further, especially if the economic slowdown continues. However, should inflationary pressures increase (stemming from the recent increase in food inflation and one-off prospective price increases in the auto and telecom sectors or resulting from fiscal pressures), the RBI will have limited room for further cuts", the Fund said in its 2019 India Article IV Staff Report. READ MORE

Dec 24, 2019 3:03 PM

PwC report says fiscal policy could be trigger for markets, economy in 2020##PwC report says the fiscal policy could be a trigger for markets, economy in 2020

The year 2019 was full of challenges domestically as well as internationally. The year saw a series of concerns including an overall slowdown, liquidity crunch, global headwinds, auto/real estate stress, non-banking financial company (NBFC) crackdown and high valuation tremors. PricewaterhouseCoopers (PwC) in its research report noted that despite the challenges faced by India this year, fiscal policies aimed at reviving the capital cycle and economy would be an additional trigger in 2020.

In fact, the PwC report highlighted that 2019 was the second-best year for deal activity in India, surpassing years prior to 2018. Private equity (PE) investments recorded deals worth $36 billion as of November 30, 2019, an 11 percent decline in terms of value compared to last year, which saw investments worth $40 billion. This slowdown could be attributed to fewer billion-dollar bets and a global slowdown, which was the driving force behind the cautious approach of investors. READ MORE

Dec 24, 2019 2:50 PM

Dec 24, 2019 2:34 PM

NIIT Technologies announces buyback of 19.56 lakh shares at Rs 1,725 apiece##NIIT Technologies announces buyback of 19.56 lakh shares at Rs 1,725 apiece

Mid-seized IT services firm NIIT Technologies’ board has approved a Rs 337.46 crore share buyback offer of up to 19.56 lakh shares at Rs 1,725 apiece. In a regulatory filing on Monday, the company said the proposed buyback represents 20.23 percent of the paid-up equity share capital and free reserves of the company. The buyback is proposed to be made through a proportionate basis under the tender offer route, it added. Hulst B.V., promoter of the company has signified its intention to participate in the buyback. READ MORE

Dec 24, 2019 2:14 PM

IndiaMART doubled investor wealth in just 6 months since listing. Did you subscribe?##IndiaMART doubled investor wealth in just 6 months since listing. Did you subscribe?

IndiaMART InterMESH, an online marketplace for business products and services, which listed on bourses in July this year, has doubled investor wealth since then. In just six months, the stock has risen as much as 120 percent from its issue price of Rs 973 per share to Rs 2,143 currently.

The stock listed at Rs 1,180. Since listing, the stock has gained nearly 82 percent. It hit its 52-week high of Rs 2,310 on October 10, 2019, and a 52-week low of Rs 952 on August 28, 2019. The IPO of the company was carried out from June 24 to June 26 in a price band of Rs 970-973 per share. The initial public offering of IndiaMART received an overwhelming response from all investors with a subscription of 36.16 times. READ MORE

Dec 24, 2019 1:58 PM

These 2 pharma stocks are top picks for 2020 from Nirmal Bang's Vishal Manchanda

Dec 24, 2019 1:43 PM

Buzzing Stock: IFCI gains 10 percent##Buzzing Stock: IFCI gains 10 percent

IFCI realises an amount of Rs 805.6 crore from divestment of 2.4 percent stake in NSE. IFCI has realized an amount of approximately Rs 805.60 crore, representing about 82 percent of the total committed amount from the disinvestment of the company's entire stake in the National Stock Exchange of India.

Dec 24, 2019 1:24 PM

Goldilocks Premium sees serious money-making opportunities in midcap stocks##Goldilocks Premium sees serious money-making opportunities in midcap stocks

The polarization between the mid- and large-cap stocks is likely to narrow down and the mid- and small-cap stocks are expected to perform better in the coming months, said Gautam Shah, founder and chief strategist, Goldilocks Premium Research.

Shah believes that there is a serious money-making opportunity the mid- and small-cap stocks in the next six to 12 months. "Buying into the midcap index or the basket right now, you just cannot lose money. I think there are supernormal returns to be made whether you look at the midcap or smallcap space," he said.

“I firmly believe that the midcaps are putting up a very strong attempt to breakout beyond 17,200 level. If that gets confirmed, the largecaps might take a backseat and the midcaps and smallcaps will do well,” he added. READ MORE

Dec 24, 2019 1:06 PM

Market extends losses; benchmark indices down more than 0.2% with Sensex shedding nearly 100 points##Market extends losses; benchmark indices down more than 0.2% with Sensex shedding nearly 100 points

Dec 24, 2019 12:48 PM

This company's stock falls over 42% in six sessions after I-T Dept raid on its premises##This company's stock falls over 42% in six sessions after I-T Dept raid on its premises

Share of Dishman Carbogen Amcis, Active Pharmaceutical Ingredient (API) manufacturer, plunged over 42 percent in the last six sessions after Income Tax Department conducted a day-long 'search and survey operation' at the company's properties. On Tuesday, the stock hit lower circuit of 20 percent, touching 52-week low of Rs 72.10 apiece. It lost as much as 72 percent of its value from its 52-week high of Rs 258.15 on June 11, 2019. READ MORE

Dec 24, 2019 12:37 PM

IRCTC revises tariffs on standard meals across Indian Railways' network, share surges 4%##IRCTC revises tariffs on standard meals across Indian Railways' network, share surges 4%

Indian Railways Catering and Tourism Corporation (IRCTC) on Tuesday said that it has revised tariffs on standard meals at all its static units (refreshment rooms, Jan Ahaars) across the Indian Railways network. In a BSE regulatory filing, IRCTC said that the new standard meal tariff request has been examined by the Railway Board. A Ministry of Railways statement also stated that all the instructions regarding the menu of standard items, and tariff of Janta meals, and implementation of the same on mail/express trains will be applicable for static units. READ MORE

Dec 24, 2019 12:20 PM

Robust returns! This stock turned 10,000 to Rs 3.5 lakh in 10 years. Do you own it?

Dec 24, 2019 12:03 PM

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