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

- Indian Market Bounces Back After US-Iran Tensions Appear To Ease

- Sensex and Nifty Gain 1.5 percent Each To Post Biggest Single Day Gains In 3 Months

- Midcap Index Gains For Third Consecutive Day, Up 245 Points Today

- All Nifty Bank Constituents Close Higher, Index Up 719 Points

- Infosys Snaps 3-day Losing Streak Ahead Of Earnings Tomorrow

- TCS Snaps 2-day Gaining Streak

- Avenue Super Surges 3 percent After 1.1 percent Equity Exchanged On BSE

- Bharti Airtel In The Green and Vodafone Idea 5 percent Lower After AGR verdict

- JSW Steel Surges 6 percent On Mining Amendment Act

- Adani Group Stocks Advance After Promoter Releases Pledged Shares

- Except IT All Sectoral Indices Close In The Green, Realty Top Gainer

- Volatility Index Closes With A Cut Of Over 10 percent

- Market Breadth Favours Advances; Advance-Decline Ratio At 3:1

Jan 9, 2020 3:45 PM

Closing Bell: Sensex surges 635 points, Nifty above 12,200 as banks, metals rally##Closing Bell: Sensex surges 635 points, Nifty above 12,200 as banks, metals rally

The Indian market surged around 1.5 percent on Thursday as crude prices steadied after US-Iran tensions eased and improved risk appetite. US President Donald Trump on Wednesday suggested Iran was 'standing down' after it fired missiles at US forces in Iraq overnight, as both sides looked to defuse the crisis.

The Sensex settled 635 points higher at 41,452, while the Nifty50 index ended the day 190 points higher at 12,216. Broader markets also rallied with Nifty Midcap and Nifty Smallcap up 1.3 percent and 2 percent, respectively. Among stocks, Bharti Infratel, JSW Steel, Tata Motors, ICICI Bank, and InduSInd Bank were the top gainers on the Nifty50 index, while TCS, HCL Tech, Coal India, Britannia, and GAIL led the losses.

All sectoral indices, except Nifty IT, were trading in the green. Nifty Auto and Nifty Realty surged 2.7 percent each for the day. Meanwhile, Nifty PSU Bank was also over 2.4 percent higher and Nifty Bank added 2.3 percent. Nifty Metal rose 1.4 percent. Nifty Energy also advanced 1.5 percent for the day. Meanwhile, IT stocks were under pressure as rupee rose after crude oil prices fell 5 percent overnight. MindTree, TCS, and HCL Tech fell 0.5-3 percent. Infosys was trading 1.3 percent higher ahead of its Q3 results tomorrow.

Jan 9, 2020 3:35 PM

BofAML says IndusInd Bank share price may hit Rs 2,000 in 2020 - Here's why

Jan 9, 2020 3:22 PM

Interview: Rahul Gupta of Emkay Global on rupee trends, RBI monetary policy and bond yields##Interview: Rahul Gupta of Emkay Global on rupee trends, RBI monetary policy and bond yields

Amid the global geopolitical tensions, the Indian currency witnessed a steep fall in recent days. However, the rupee may not breach 74 per dollar levels, said Rahul Gupta, Head of Research-Currency, Emkay Global Financial Services. In an interview with CNBC-TV18, Gupta also said the Reserve Bank of India (RBI) may continue to maintain a 5.15 percent repo rate with an accommodative stance in its February monetary policy meet. Click here to read the intreview

Jan 9, 2020 3:10 PM

SBI Cards IPO: Sound fundamentals but macros remain a challenge, say brokerages

Jan 9, 2020 3:01 PM

Macquarie says banks don't want to lend anymore despite good liquidity##Macquarie says banks don't want to lend anymore despite good liquidity

Will 2020 really be the year for the Indian banks? Last year saw banks reporting all the rot in their balance sheets’ due to the broad-based precarious economic situation. The share prices’ however remained unaffected for few of the well-shaped private banks in 2019. 2020 is expected to see disappointing signs of credit growth and asset quality as banks don’t want to lend despite good liquidity, says Macquarie in its recent research report on the Indian banking sector.

The foreign brokerage firm further explained that the deposit growth is at 10 percent, above than credit growth of 7 percent. A closer look at the flow of resources to the commercial sector clearly reveals that bank credit has been the biggest reason behind a precipitous fall – a 60 percent YoY decline to Rs 4 trillion for H1FY20. Adding to that, banks are telling that utilisation of working capital limits has gone down, which has also affected the credit growth. READ MORE

Jan 9, 2020 2:46 PM

Keen on real estate? These stocks should be on your radar, say experts##Keen on real estate? These stocks should be on your radar, say experts

Despite a marginal recovery in the premium real estate segment in Gurugram and in pockets of Mumbai, the overall sentiment still remained muted in 2019. According to realty consultant Knight Frank's half-yearly report published this week, sales in the sector grew 1 percent despite economic slowdown. NIFTY Realty index delivered a 21 percent returns over the last three months, largely driven by DLF, which has given 58 percent return in this period. READ MORE

Jan 9, 2020 2:30 PM

NEWS ALERT: Bharti Airtel launches QIP ##NEWS ALERT: Bharti Airtel launches QIP

Bharti Airtel share price added 3 percent on January 9 after the company launched its Qualified Institutional Placement (QIP) worth $2 billion. The special committee of directors has fixed a floor price of Rs 452.09 per share.

Jan 9, 2020 2:11 PM

Standard Chartered's top 10 stock ideas for January

Jan 9, 2020 1:55 PM

Here's a quick catch up of live market action##Here's a quick catch up of live market action

- The Indian market rose on Thursday as crude prices steadied after US-Iran tensions eased and improved risk appetite. The Sensex was trading around 600 points higher, while the Nifty50 index reclaimed 12,200 levels in afternoon deals.

- Broader markets also rallied in trade with Nifty Midcap index up 1.5 percent and Nifty Smallcap index adding 2 percent. ICICI Bank, IndusInd Bank, SBI, M&M, and Axis Bank were the top gainers on Sensex, while only 4 stocks - ONGC, NTPC, HCL Tech, and TCS were in the red.

- All sectoral indices, except Nifty IT, were trading in the green. Nifty PSU Bank surged 2.8 percent and Nifty Bank advanced 2.4 percent. Meanwhile, Nifty Auto was also over 2 percent higher and Nifty Metal rose 1.3 percent.

- Meanwhile, IT stocks were under pressure as rupee rose after crude oil prices fell 5 percent overnight. MindTree, TCS, HCL Tech and Wipro fell 0.5-2.5 percent. Infosys was trading 1.3 percent higher ahead of its Q3 results tomorrow.

Jan 9, 2020 1:38 PM

Aster DM Healthcare to consider buyback##Aster DM Healthcare to consider buyback

Aster DM Healthcare share price rose 6 percent on January 9 as the company is going to consider buyback of shares at a board meeting scheduled to be held on January 9, 2020.

Jan 9, 2020 1:22 PM

Coffee Day defaults on interest payment##Coffee Day defaults on interest payment

The company has defaulted on payments of interest/ repayment of principal amount on loans from banks / financial institutions and unlisted debt securities for the quarter ended December 31, 2019 for the total debt of Rs 489.5 crore

Jan 9, 2020 1:05 PM

Jan 9, 2020 12:48 PM

Here's why Indiabulls Housing rallied 5% in intra-day trade##Here's why Indiabulls Housing rallied 5% in intra-day trade

Shares of Indiabulls Housing Finance rallied more than 5 percent intraday on January 9 as the company offered pre-mature redemption of its non-convertible debentures (NCDs) maturing in January 2020. The Company will also evaluate further pre-mature redemption of its NCDs from time to time.

Jan 9, 2020 12:33 PM

ICRA believes crude oil can hit $70 per barrel again##ICRA believes crude oil can hit $70 per barrel again

The credit rating agency expects volatile crude to continue for the next couple of months with a possibility of $70 a barrel to be on radar again. It added that Indian oil company margins are better due to diesel cracks due to IMO2020 and inventory gains and crude oil prices below $75 a barrel would not impact margins much. It also expects Indian oil demand growth at 2 percent for 2019-2020, and to improve to over 3 percent by 2020/2021.

Jan 9, 2020 12:17 PM

Load more