Thank you readers! Here are the main highlights from the stock markets today##Thank you readers! Here are the main highlights from the stock markets today

Thank you readers and a very Happy Weekend! Before we sign out from our rolling coverage of the stock markets today, here are the major highlights from Friday’s trading session:

-Sensex and Nifty close flat after a rangebound trade.

-Sensex slips 119 points from record high to ends 13 points higher.

-Nifty closes flat with a negative bias; HDFC twins top losers.

-Midcap index at a fresh 7-mth high, gains for 9th straight day.

-Midcap index closes above 18,000 for the 1st time since June 2019.

-Banks continue to underperform with Nifty Bank slipping 263 points.

-Financials drag Nifty by 40 points while Oil and Gas supports with 33 points.

-Bharti Airtel ends as top Nifty gainer after AGR order, Vodafone Idea slips 26 percent.

-Bharti Infratel falls 11 percent, GNFC 4 percent after AGR verdict.

-Market breadth neutral with advance-decline ratio at 1:1.

-Sensex and Nifty Gain 1 percent each for the week, Nifty Bank slips 1.6 percent.

-Nifty Midcap index gains 4 percent for the week, biggest weekly gains in 3 months.

Jan 17, 2020 3:47 PM

Sensex heatmap at close: Bharti Airtel, Reliance Industries top gainers, IndusInd Bank, SBI top losers##Sensex heatmap at close: Bharti Airtel, Reliance Industries top gainers, IndusInd Bank, SBI top losers

Jan 17, 2020 3:40 PM

Closing Bell: Sensex, Nifty settle flat dragged by banks; Reliance Industries, Airtel fight for the bulls##Closing Bell: Sensex, Nifty settle flat dragged by banks; Reliance Industries, Airtel fight for the bulls

Domestic benchmark indices, the Sensex and Nifty50, ended Friday's trade flat as investors avoided riskier bets ahead of third quarter earnings of IT bellwether Tata Consultancy Services (TCS) and index heavyweight oil-to-telecom-retail conglomerate Reliance Industries after market hours.The benchmark 30-share S&P BSE Sensex ended nearly 13 points higher at 41,945, while the broader 50-share NSE Nifty50 settled 3 points down at 12,352.

Jan 17, 2020 3:35 PM

These stocks hit their 52-week highs or lows on January 17

Indian equity benchmark indices turned volatile on Friday amidst Q3 earnings and upcoming Budget 2020. At 2:30 pm, the Sensex was trading 35.03 points or 0.08 percent higher at 41,963.97 while the Nifty50 index was trading at 12,352.05, down 3.45 points or 0.03 percent.

Jan 17, 2020 3:23 PM

Apollo Micro Systems jumps 8% on Rs 18.1 crore order##Apollo Micro Systems jumps 8% on Rs 18.1 crore order

Shares of Apollo Micro Systems jumped 8 percent on Friday, extending gains to the third session, to hit a two-month high of Rs 82.75, as the company received a supply order worth Rs 18.1 crore from Bharat Dynamics.

Jan 17, 2020 3:16 PM

Dishman Carbogen hits 5% lower circuit on profit booking##Dishman Carbogen hits 5% lower circuit on profit booking

Shares of Dishman Carbogen Amcis hit their 5% lower circuit of Rs 84.25 after rising as much as 4 percent earlier in the day as investors booked profits. Shares of the company rose over 10 percent in two days due to investors' optimism after the company, on Thursday, announced a share buyback. The company is set to buy back up to 4.8 million shares at up to Rs 150 apiece, a 69.20 percent premium to Thursday's closing price of Rs 88.65. The company will spend up to Rs 720 million to buy back 2.97 percent of the equity through the open market. The buyback by the company comes at a time when there are concerns over its corporate governance standards and the accuracy of its financial accounts.

Jan 17, 2020 3:10 PM

Crompton Greaves surges 5% on improved outlook; CLSA raises price target##Crompton Greaves surges 5% on improved outlook; CLSA raises price target

Crompton Greaves Consumer Electricals Ltd surged as much as 5 percent on Friday as CLSA maintained an outperform rating on the stock at a target price of Rs 290, hoping for sustainable growth moving forward. READ MORE

Jan 17, 2020 2:56 PM

Switching gears: How RBI's dollar-buying programme affects Indian rupee

The dollar buying programme by the Reserve Bank of India has become a talk of the town of late. But was it the same case in the preceding years?

Jan 17, 2020 2:46 PM

HCL Technologies Q3 results today: Here’s what to expect##HCL Technologies Q3 results today: Here’s what to expect

Noida-based information technology giant HCL Technology will declare its Q3 results today. The December quarter is expected to be relatively better for the company.

Here are the key expectations:

1. Dollar revenue growth of 2.5 percent is expected, while constant currency revenue growth on a quarter-on-quarter basis should be 1.8-1.9 percent.

2. Margins will be on the flatter side as a contribution of products business incremental will be offset by the wage hikes.

3. Profits should be up 5 percent, according to CNBC-TV18 poll.

Read more here

Jan 17, 2020 2:31 PM

Jan 17, 2020 2:10 PM

Shares of Piramal Enterprises rally 7%##Shares of Piramal Enterprises rally 7%

The share price of Piramal Enterprises rallied 7 percent intraday on Friday after the company sold its healthcare insights & analytics business for $950 million to Clarivate Analytics.

The company's BSE regulatory filing said, "The board of directors of the company had approved the divestment of stake in the healthcare insights and analytics business, held by the company directly and through its wholly-owned subsidiaries including PEL-DRG Dutch Holdco BV, to Clarivate Analytics Plc."

At 2:09 pm, the stock was trading 6.15 percent higher to Rs 1,642.

Jan 17, 2020 2:09 PM

GAIL, Power Grid likely to move pleas before SC for clarification, CNBC-TV18 sources on AGR##GAIL, Power Grid likely to move pleas before SC for clarification, CNBC-TV18 sources on AGR

Sources said:

1. GAIL, Power Grid likely to move pleas before SC for clarification

2. PSUs likely to prefer clarification pleas, over filing review petitions before SC

3. Modification pleas can be mentioned, heard by the bench in open court

4. Modification pleas likely to seek to make a distinction between telcos, PSUs

5. Modification pleas may seek distinction based on core competencies

6. Modification pleas likely to argue that PSUs not party to hearing in the case

7. Pleas likely to argue that communication networks of PSUs form a limited number of internal users

Jan 17, 2020 1:57 PM

Mutual funds witness 11.6% increase in asset inflows in 9 months of FY20, according to report##Mutual funds witness 11.6% increase in asset inflows in 9 months of FY20, according to report

Mutual funds in the country added Rs 2.75 lakh crore to their asset base in the nine months of FY20, which is an increase of 11.6 percent, according to a CARE Ratings report.

With this addition, mutual funds’ assets under management (AUMs) has reached Rs26.54 lakh crore in December 2019.

Overall exposure of MFs to NBFCs stood at Rs 1.65 lakh crore in the last month of 2019, a drop of about Rs 1 lakh crore since July 2018, when NBFC crisis began. MFs exposure to NBFCs declined to 11.3 percent in December 2019 from 19 percent in July 2018, according to the report.

Click here to read the full story.

Jan 17, 2020 1:52 PM

Jan 17, 2020 1:05 PM

Here's a quick catchup post of what happened in the market so far##Here's a quick catchup post of what happened in the market so far

1. Indian market turned volatile on Friday after banks slipped on the recent Supreme Court ruling on AGR dues.

2. At 12:46 pm, the Sensex was trading 34.16 points or 0.08 percent higher at 41,966.72 while the Nifty50 was at 12,353.60, down 2.10 points or 0.02 percent.

3. Broader indices were trading higher, with Nifty Midcap100 and Nifty Smallcap100 indexes up 0.61 percent and 0.35 percent respectively.

4. Bharti Airtel, Reliance Industries, Dr Reddy's Laboratories, Grasim and Hero MotoCorp were the Nifty50 top gainers while Bharti Infratel, YES Bank, GAIL, IndusInd Bank and BPCL remained the top losers.

Jan 17, 2020 12:49 PM

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