Closing Bell | The Indian benchmark equity indices, Sensex and Nifty ended higher on Friday led by gains in PSU banks and auto stocks. The Sensex ended 117.65 points or 0.25 percent higher at 47,868.98, while Nifty settled at an all-time high level of 14,018.50, up 36.75 points or 0.26 percent. Broader markets outperformed the benchmarks with Nifty Smallcap100 and Nifty Midcap100 ending more than 1 percent higher each. Among sectors, Nifty PSU Bank rallied the most over 3 percent followed by Nifty Auto, Nifty IT, Nifty Pharma and Nifty Realty. Private banks remained under pressure.

Jan 1, 2021 3:36 PM

Infosys | The IT major will announce results for the third quarter ended December 31, 2020 on January 13, 2021 around 3:45 p.m. Indian Standard Time (IST).

Jan 1, 2021 3:23 PM

Larsen & Toubro | The Metallurgical and Material Handling (MMH) business of L&T Construction has secured EPC orders of Coal Processing plants in the domestic market and a prestigious Engineering & Procurement Project for a Metallurgical plant overseas. The business has also secured new orders from its various customers for products and an add on order from its existing customer, L&T said.

Jan 1, 2021 3:20 PM

Macquarie sees multiple short & long-term challenges for Bandhan Bank

The Assam Assembly on December 30 passed the Micro Finance Institutions (Regulation of Money Lending) Bill 2020 which aims to protect economically weak groups from dubious microfinance institutions (MFIs) and money lenders.

The bill is "to create an effective mechanism to regulate the microfinance institutions or money lending agencies or organisations".

The development is a cause of worry for Bandhan Bank as its business is concentrated in the region.

There is a cap on total borrower leverage to be about Rs 30,000-50,000 for tea plantation workers which form around 20 percent of the households in Assam. There is a cap of Rs 1,25,000 for other borrowers as well, said Macquarie.

"Not more than two lenders can lend to the same customer. Loan repayments will be done only at Gram Panchayat offices or any other public offices or public places as designated by Deputy Commissioner," it said.

According to Macquarie, this will have a medium to potentially long-term impact on the growth of Bandhan Bank in the state. Watch here.

Jan 1, 2021 3:17 PM

Jan 1, 2021 3:09 PM

Atul Auto December Sales | Total sales plunged 57.8 percent to 1,728 units from 4,100 units, YoY.

Jan 1, 2021 2:53 PM

SML Isuzu December Auto Sales | Total sales declined 7 percent at 509 units versus 549 units, YoY.

Jan 1, 2021 2:45 PM

Sebi's new peak margin norms may dry up volume this year: Experts

With effect from December 1, 2020, market regulator Securities & Exchange Board of India (Sebi) mandated collection of upfront margin from clients equal to the higher of peak margin or EOD (End of the…

Jan 1, 2021 2:32 PM

Ashok Leyland December Auto Sales | Total sales was rose 14 percent to 12,762 units as against 11,168 units, YoY. Domestic sales grew 14 percent to 11,857 units from 10,378 units, YoY. M&HCV sales declined 2 percent to 6,884 units while LCV sales jumped 42 percent YoY to 5,878 units.

Jan 1, 2021 2:23 PM

Market Watch: Hemen Kapadia of KRChoksey Securities

Firstly, a buy call on Sun Pharmaceutical at Rs 595 stop loss Rs 585 and target of Rs 615. We remain in a short, medium and possibly a longer term uptrend, the stock is headed for Rs 900 or so in next couple of years.

Secondly, a buy call on Colgate-Palmolive, one can buy at Rs 1,580 stop loss Rs 1,560 target Rs 1,620, above 55 day moving average, indicators supporting the move, consolidating for the last 4 trading sessions.

Lastly a buy call on Reliance Industries, this is a fifth day where Reliance has been doing nothing but consolidating. I feel it is setting the stage for a jump from here. So buy Reliance Industries at Rs 1,990 stop loss Rs 1,975 target Rs 2,020.

Jan 1, 2021 2:11 PM

Raamdeo Agrawal: 'Buy Right, Sit Tight' is way to invest in the market; not investing is the biggest risk

'Buy Right, Sit Tight' is the way to invest in the market, said Raamdeo Agrawal, Chairman of Motilal Oswal Financial Services on Friday.

“I always believe that nobody can time the market, so 'Buy Right, Sit Tight' – that’s the way to go in the equity market, not only in India but all over the world,” Agarwal told CNBC-TV18.

Agrawal said that earnings growth will come back this year. He added that not participating in the market is the biggest risk right now. Banks will not face COVID and telecom related stress this year, he said.

“We have seen the worst of economic and health disaster and yet we have done 15 percent. So 2021, hopefully, will not repeat the 2020 and we should have at least as good a year as 2020 on the whole.” Watch here.

Jan 1, 2021 1:58 PM

Crash or next boom in housing market: Rising demand for luxury homes and expectations from 2021

The year 2020 had many highs and lows, especially with the pandemic and nationwide-lockdowns for the Indian real estate sector. Get latest Real Estate online at cnbctv18.com

Jan 1, 2021 1:49 PM

SEC meeting underway | Subject Expert Committee (SEC) in the Central Drugs Standard Control Organisation (CDSCO) met underway today to consider the Emergency Use Authorisation (EUA) request of Pfizer, Serum Institute of India (SII) and Bharat Biotech Pvt. Ltd. Additional data and information is being presented by Serum Institute India. Pfizer and Bharat Biotech Pvt. Ltd. applications to be reviewed by SEC. The analysis of the additional data and information is going on, sources said.

Jan 1, 2021 1:37 PM

GST Collections at all-time high | GST Revenue collection for December 2020 recorded all time high since implementation of GST at Rs 1,15,174 crore gross GST revenue collected in December. Revenues for December 2020 are 12 percent higher than the GST revenues in the same month last year.

Jan 1, 2021 1:23 PM

Jan 1, 2021 1:08 PM

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