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 Fails To Hold Gains, Closes Lower For The Third Straight Day

- Sensex Slips 366 Points, Nifty 108 Points From Highs

- Nifty Bank Falls 287 Points From Highs With ICICI Bank Being Top Loser

- Midcap Index Ends With A Cut Of 59 Points; Market Breath Favours Declines

- Metal Remain Under Pressure As Global Cues Continue To Be Weak

- Except IT And Pharma, All Sectoral Indices Close In The Red

- Reliance Industries And ICICI Bank Drag While HDFC Twins Lend Support To Nifty

- Maruti Suzuki Ends At A 1-month Low After Reporting Lower-than-expected Earnings

- Bharti Airtel Down 6 Percent In 2 Sessions; Sources Say DGFT Blacklisted The Company

- United Spirits Posts Biggest Single-day Gains In 27 Months After Q2 Earnings

Jan 28, 2020 3:44 PM

Closing Bell: Sensex ends below 41,000, Nifty fails to hold 12,100; Bharti Airtel, Tata Steel top losers ##Closing Bell: Sensex ends below 41,000, Nifty fails to hold 12,100; Bharti Airtel, Tata Steel top losers

Indian shares ended lower on Tuesday, following the global sell-off as investors remained cautious on ongoing coronavirus fears. Index heavyweights like Reliance Industries, ICICI Bank, Bharti Airtel, and ITC contributed the most to the losses. Meanwhile, investors also remained on edge ahead of the Union Budget due later this week.

The Sensex ended 188 points lower at 40,967, while the Nifty50 index settled 63 points lower at 12,056. Broader markets were also in the red for the day with Nifty Midcap and Nifty Smallcap index down 0.2 percent and 0.13 percent, respectively.

BPCL, HDFC, Bajaj Finance, Sun Pharma, and Bajaj Finserv were the top gainers on the Nifty50 index, while Vedanta, Bharti Airtel, Tata Steel, Tata Motors, and JSW Steel led the losses. Among sectors, major selling was seen in metal, auto, and banking indices. Nifty Metal lost 2.4 percent, while Nifty Auto and Nifty PSU Bank were down 1.2 and 0.6 percent, respectively. Nifty Bank also lost 0.23 percent and Nifty FMCG fell 0.3 percent. However, Nifty IT and Nifty Realty were positive for the day.

Jan 28, 2020 3:34 PM

Jan 28, 2020 3:20 PM

Moody’s alert investors on risk arising due to rising sea levels##Moody’s alert investors on risk arising due to rising sea levels

A number of studies, including by the United Nations' Intergovernmental Panel on Climate Change (IPCC), find that sea levels are positively correlated with surface temperatures, which themselves are linked to global emissions of greenhouse gases.

We have been talking about how climate change impacts not only the individuals but can scuttle the operations or slow sales of the companies. Moody’s has now cautioned investors on the impact of rising sea levels on a number of sovereigns. The report says that Asia, Middle East and North Africa (MENA) and small islands are the most exposed to rising sea levels. And in absolute terms, the largest populations exposed are in Bangladesh, China, Indonesia and India. READ MORE

Jan 28, 2020 3:08 PM

Jan 28, 2020 2:56 PM

HDFC stock rises 3% as brokerages raise target price of post Q3 results##HDFC stock rises 3% as brokerages raise target price of post Q3 results

Brokerages gave a thumbs up to housing finance giant, HDFC after its quarterly profit beat analysts’ estimates, surging almost 300 percent. The rise in profit was boosted by a one-time fair value gain of Rs 9,020 crore resulting from the merger of its arm, Gruh Finance, with Bandhan Bank. The company posted a near four-time jump in profit at Rs 8,372.49 crore for the quarter ended December 31. Its profit stood at Rs 2,113.80 crore in the same quarter last year. Post the results and on bullish calls by brokerages, the firm rose 3 percent in intra-day deals on Tuesday to Rs 2,470.85 per share on the BSE. READ MORE

Jan 28, 2020 2:45 PM

Promoter group companies invoke pledge shares in RCap, sell 4.35% stake##Promoter group companies invoke pledge shares in RCap, sell 4.35% stake

Shareholding of the promoter group Reliance Inceptum Pvt Ltd and Reliance Infrastructure Consulting & Engineers has come down by over 4 per cent in Reliance Capital following invocation of pledge shares on January 24. Prior to the invocation of the pledge shares the promoter group owned 6,88,12,534 shares amounting to 27.23 per cent shares, the company said in the regulatory filing.

After the invocation of the pledge, the shareholding of the promoter group got reduced to 5,78,12,534 shares adding up to 22.88 per cent stake. The promoter group invoked 1.10 crore shares, out of which 75 lakh amounting to 2.96 per cent stake and 35 lakh shares or 1.39 per cent of Reliance Capital Ltd held by Reliance Inceptum Private Limited and Reliance Infrastructure Consulting & Engineers Private Limited respectively has been invoked, the filing added.

For the quarter ended December 31, 2019, Reliance Inceptum Private Limited held 6,33,03,079 shares worth 25.16 per cent stake in Reliance Capital, while Reliance Infrastructure Consulting & Engineers Private Limited held 1,85,66,991 equity shares amounting to 7.38 per cent stake in Reliance Capital.

Jan 28, 2020 2:32 PM

Jan 28, 2020 2:20 PM

Here's a quick round-up of what has so far happened in the markets today##Here's a quick round-up of what has so far happened in the markets today

-Domestic benchmark indices turned negative with the Nifty NSE50 giving up the 12,100 level. The Sensex was down over 55 points to trade beow 41,100. The Nifty slipped over 29 points.

-Broader markets were mixed but the Nifty MidCap index traded flat, down marginally. The banking gauge, Bank Nifty trade marginally up.

-Among sectors, Nifty Financial Services, Nifty Bank and Nifty Realty traded in green while Nifty Metal and Nifty Media were under pressure.

-Shares of Wockhardt rose nearly 3 percent after reports emerged that Cipla and Asian fund PAG are in a race to buy a large stake in the company's domestic formulations business for Rs 2,100-2,800 crore.

-Aptech share price fell 8 percent intraday on Tuesday following reports that billionaire investor Rakesh Jhunjhunwala was being probed by the market regulator Securities and Exchange Board of India (SEBI) for insider trading in the education firm.

Jan 28, 2020 2:08 PM

This multi-bagger smallcap tyre stock could rise 23% this year, predicts Motilal Oswal##This multi-bagger smallcap tyre stock could rise 23% this year, predicts Motilal Oswal

With returns of over 650 percent in the last 10 years, CEAT has been a true multi-bagger and an investor favourite. But, CEAT share price has corrected almost 13 percent in the last one year, under-performing the Sensex by over 28 percent. Sensex gave returns of over 15 percent during the period. The multi-bagger small-cap tyre stock, however, looks set for a fresh round of rally with brokerage firm Motilal Oswal raising its target price on CEAT by over 23 percent to Rs 1,250 per share on hopes of faster revenue growth in FY21-22. READ MORE

Jan 28, 2020 1:55 PM

Jan 28, 2020 1:41 PM

Budget 2020: Nifty was unable to hold gains post-budget in 4 out of 5 previous years

Jan 28, 2020 1:26 PM

DHFL share price locked at lower circuit after ED arrests company's promoter##DHFL share price locked at lower circuit after ED arrests company's promoter

Dewan Housing Finance Corporation (DHFL) share price locked at 5 percent lower circuit on January 28 after Enforcement Directorate (ED) arrested the promoter of the company. The Enforcement Directorate (ED), on January 27, arrested Kapil Wadhawan, the promoter of Dewan Housing Finance (DHFL) in connection with the Iqbal Mirchi case, making it the fifth arrest in the connection with the late aide of Dawood Ibrahim and drug trafficker.

Jan 28, 2020 1:13 PM

Aptech share price falls 8% on SEBI probe against Rakesh Jhunjhunwala##Aptech share price falls 8% on SEBI probe against Rakesh Jhunjhunwala

Aptech share price fell 8 percent intraday on Tuesday following reports that billionaire investor Rakesh Jhunjhunwala was being probed by the market regulator Securities and Exchange Board of India (SEBI) for insider trading in the education firm. SEBI is also examining the role of other Aptech board members, including Ramesh Damani and Madhu Jayakumar, reports stated. Jhunjhunwala, who is the Aptech chairman, holds 24.24 percent stake in the company. The stake is valued at around Rs 160 crore. It is the only company in his portfolio in which he has management control.

Jan 28, 2020 12:57 PM

Jan 28, 2020 12:42 PM

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