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 Slips For Second Day, Sensex and Nifty Close Below 50-DMA

- Sensex Ends 202 Points Lower At 41,258, Nifty Slips 61 Points To 12,113

- Financials Continue To Drag Market, Nifty Bank Falls 395 Points

- Midcap Index Ends With A Cut Of 146 Points At 17,979

- Market Breadth Remains In Favour Of Declines; Adv-Decline Ratio At 1:2

- SC’s AGR Order Drags Vodafone While Bharti Airtel Surges To Record High

- Reliance Too Moves Higher After The AGR Order, Stock Up 1 Percent

- Lenders To Telcos Slip On The AGR Order; SBI, IndusInd Bank Top Losers

- In PSUs, GAIL and OIL Slip After Companies Withdraw Petitions Against DoT Notice

- SpiceJet Jumps 4 percent After Reporting An Improvement On A YoY Basis

- Avenue Super’s Non-retail OFS Fully Subscribed, Stock Down 5 percent

Feb 14, 2020 3:46 PM

Closing Bell: Sensex, Nifty end lower as banks, FMCG stocks drag##Closing Bell: Sensex, Nifty end lower as banks, FMCG stocks drag

Indian markets ended lower on Friday, following Asian peers, on hopes that the worst of the coronavirus epidemic is coming to an end. Back home, losses in bank, FMCG and auto stocks also weighed on investor sentiment. The BSE Sensex ended 202 points lower at 41,258, while the Nifty50 index settled 61 points lower at 12,113. The broader markets were also in the red with the Nifty Midcap index and Nifty Smallcap index down 0.8 percent and 0.2 percent, respectively.

Among stocks, Bharti Airtel, Yes Bank, UPL, BPCL, and HCL Tech were the top gainers on the Nifty50 index, while GAIL, IndusInd Bank, Bharti Infratel, PowerGrid, and Eicher Motors led the losses. All sectoral indices were in the red for the day. Nifty PSU Bank fell the most, down 2 percent, whereas Nifty Metal shed 1.4 percent and Nifty Realty declined 1.1 percent. Nifty Auto, Nifty FMCG, and Nifty Bank also lost around 1.2 percent each.

Feb 14, 2020 3:35 PM

Planning to invest in gas firms? Five reasons that will trigger sharp rallies in these stocks this year

Feb 14, 2020 3:22 PM

S&P Global Ratings says India's fiscal deficit situation precarious##S&P Global Ratings says India's fiscal deficit situation precarious

S&P Global Ratings has reaffirmed India’s rating at ‘BBB-’, showing that the country has adequate capacity to meet its financial commitments. The outlook on the long-term rating is stable, it said. Andrew Wood of S&P Global Ratings said India’s fiscal position indeed remains precarious. “Looking at the fiscal, of course, there have been some challenges, especially over the past 9 months, and probably looking forward to the next fiscal year as well," he noted.

“We do see elevated fiscal deficit persisting as well as net general government indebtedness. We are expecting limited consolidation over the next two years too,” he added. Wood further said that looking from a sovereign ratings perspective, it is a bit more structural in nature. "We have been incorporating the weakness with India’s fiscal settings into the ‘BBB-’ ratings for a long time. So, this is a bit of a road bump." READ MORE

Feb 14, 2020 3:09 PM

This smallcap stock from Rakesh Jhunjhunwala's portfolio rallied over 150% in a year##This smallcap stock from Rakesh Jhunjhunwala's portfolio rallied over 150% in a year

Rakesh ​Jhunjhunwala's portfolio is always keenly watched by the market. One of his picks, Ion Exchange, has rallied over 150 percent in the last year from around Rs 370 in February 2019 to approximately Rs 935 on Friday. Jhunjhunwala's investment in this stock rose from Rs 30.24 crore in February 2019 to Rs 74.72 crore today, making over Rs 40 crore for the ace investor in a year.

Jhunjhunwala first invested in the stock in the December 2007 quarter buying 2.53 percent stake or 3,19,000 shares of the firm, which he later increased to 6.54 percent over the years. At the end of December 2019 quarter, he held 8 lakh shares or 6.54 percent stake in the firm.

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Feb 14, 2020 2:57 PM

Feb 14, 2020 2:43 PM

YES Bank's stock price rallies 8% intraday##YES Bank's stock price rallies 8% intraday

Shares of the company remained on an upward trajectory after Yes Bank sold 68,80,149 equity shares having a nominal value of Rs 5 each, constituting 9.47 percent of the paid-up share capital of the company in various tranches. This week, the Bank also announced that the management is "deeply engaged" in fundraising exercise.

Feb 14, 2020 2:31 PM

Feb 14, 2020 2:15 PM

Glenmark Pharma Q3 earnings: Here’s what you can expect##Glenmark Pharma Q3 earnings: Here’s what you can expect

Glenmark Pharma is expected to report its Q3 earnings on Friday. The company is expected to report single-digit revenue growth at around 4.7 percent. Margins could be under pressure and 15.5 percent is what the street is expecting with a profit of around Rs 177 crore. Single-digit revenue growth is expected on account of sluggish US sales.

In the last quarter, there was an increase of around $16 million on quarter-on-quarter (QoQ) basis in US sales. But in this quarter, the expectation is that there could be a decline of around $10 million on QoQ basis owing to price competition. In terms of the India portfolio, the business is expected to be steady and see a growth of 12 percent.

Feb 14, 2020 2:02 PM

Despite a 38% rise in Q3 net profit, brokerages remain bearish on this stock; here's why##Despite a 38% rise in Q3 net profit, brokerages remain bearish on this stock; here's why

Despite reporting an over 38 percent rise in net profit for the December-quarter, brokerages have maintained a bearish outlook for Nestle India. While Prabhudas Lilladher has a 'reduce' rating on the stock and cut its target price to Rs 11,886 per share from Rs 12,093 earlier; Kotak Institutional Equities has also maintained a 'sell' call on the stock.

The company reported a net profit of Rs 473.02 crore for the quarter ended December, helped by volume growth versus a net profit of Rs 341.76 crore in the corresponding quarter a year ago. Net sales also rose 8.75 percent to Rs 3,130.74 crore during the quarter under review as against Rs 2,878.83 crore in the corresponding quarter last year. READ MORE

Feb 14, 2020 1:46 PM

Here are the top Sensex gainers and losers at this hour##Here are the top Sensex gainers and losers at this hour

Feb 14, 2020 1:30 PM

Coronavirus outbreak: D-street feels the heat, but these 8 stocks may get advantage

Feb 14, 2020 1:14 PM

GVK Power Q3 results##GVK Power Q3 results

The company reported a consolidated net loss of Rs 120.1 crore for the December quarter of the financial year 2020 against a loss of Rs 122.6 crore in the corresponding quarter of the previous financial year. Consolidated revenue from operations came at Rs 1,129 crore for Q3FY20 against Rs 1,029 crore in Q3FY19. This was a 9.72 percent YoY rise.

Feb 14, 2020 12:59 PM

Feb 14, 2020 12:45 PM

Portfolio management services industry to benefit from new SEBI rules, says Marcellus’ Saurabh Mukherjea##Portfolio management services industry to benefit from new SEBI rules, says Marcellus’ Saurabh Mukherjea

The portfolio management services (PMS) industry will benefit from new SEBI rules, said Saurabh Mukherjea of Marcellus Investment Managers. Talking not CNBC-TV18, Mukherjea said that the PMS has become a useful vehicle for high net worth individuals. He further said that the mutual funds industry has prospered with transparency and the PMS industry too will benefit from it. “Direct code too will have a significant impact on how the industry functions,” Mukherjea added. READ MORE

Feb 14, 2020 12:36 PM

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