The benchmark indices have erased their opening gains and are now trading marginally lower weighed by select financial stocks.
Among the sectoral indices, the Nifty Bank index is trading over 0.3 per cent lower dragged by IndusInd Bank, ICICI Bank and HDFC Bank. The Nifty Auto index, too, is down around 0.5 per cent weighed by TVS Motor Company, Mahindra & Mahindra and Maruti Suzuki.
In the broader markets, the S&P BSE MidCap index was trading 25 points or 0.16 per cent lower at 15413 levels. However, the S&P BSE SmallCap index was up 12 points or 0.08 per cent at 14,719 levels.
Rupee
The rupee opened 15 paise higher at 69.62 against the US dollar. The domestic unit Monday signed off the last trading session of 2018 with 18 paise gains at 69.77 but clocked a 9.23 per cent fall during the year after witnessing its one of the tumultuous years in the recent past.
Global Markets
Most Asian markets are shut on account of New Year.
The Wall Street advanced in low-volume trading on Monday as investors gathered to ring in 2019, marking the end of the worst year for US stocks since 2008, the height of the financial crisis.
The Dow Jones Industrial Average rose 265.06 points, or 1.15 per cent, to 23,327.46, the S&P 500 gained 21.11 points, or 0.85 per cent, to 2,506.85 and the Nasdaq Composite added 50.76 points, or 0.77 per cent, to 6,635.28.
(with Reuters input)
CATCH ALL THE LIVE UPDATES
11:29 AM
Varun Beverages up 15% in five days; stock nears record high
Shares of Varun Beverages (VBL) were trading higher for the fifth straight day on Tuesday. The stock was up 5 per cent at Rs 828 in an otherwise subdued market. The company is a key player in beverage industry and one of the largest franchisee of PepsiCo in the world (outside USA). In the last five trading days, the stock has outperformed the market by gaining 15 per cent, as compared to a one per cent rise in the S&P BSE Sensex. At the time of writing this report, it was 2.5% away from its all-time level of Rs 849 touched on September 21, 2018 on the BSE in intra-day trade. Read more
11:07 AM
Lessons from 2018: Don't be greedy, continue your SIPs to build a corpus
Investment consultant Arun Kejriwal has a complaint with stock market investors: “Most do not realise that there is an unlimited number of opportunities in the stock market. But the money they have is limited. And they have to maximise their returns with that limited amount.”
According to him, there was a strong buzz that the government might bite the bullet on capital gains tax in January itself. Most investors, especially in the mid-and small-cap space, were sitting on significant profits at that time. But they refused to sell, or lower their exposure. Click here to read more
10:57 AM
Top losers on BSE500
COMPANY PRICE() CHG() CHG(%) VOLUME
DHANUKA AGRITECH 452.90 -14.20 -3.04 533
FUTURE LIFESTYLE 413.50 -11.30 -2.66 1541
BLISS GVS PHARMA 162.40 -3.65 -2.20 92299
SHEELA FOAM 1453.05 -31.90 -2.15 21
GE T&D INDIA 288.00 -6.00 -2.04 1042
» More on Top Losers
10:45 AM
JMC Projects rallies 19% in two days on order win worth Rs 596 crore
JMC Projects (India) rallied 11% to Rs 96.80 on Tuesday, thus surging 19% in the last two sessions after the construction and engineering company said it has secured new orders worth Rs 596 crore. Out of Rs 596 crore, Rs 434 crore has been assigned for residential and commercial projects in South India. The second order amounting to Rs 162 crore is for civil works for a steel plant in Orissa. Most of these new orders are repeat orders from the company’s existing clients. The company said it was confident of meeting its revenue and margin guidance for financial year 2018-19. Read more
10:27 AM
NEWS ALERT | Maruti Suzuki India Limited sold a total of 128,338 units in December 2018
10:23 AM
NEWS ALERT | Karnataka Bank hikes MCLR across tenures by 10-15 bps from today
10:22 AM
Atul Auto surges 11% following December sales figures
Shares of Atul Auto surged 11 per cent to Rs 322 apiece on the BSE in early morning trade after the company posted a strong 50 per cent growth in sales numbers for December 2018. The three- wheeler manufacturer sold 4,332 units in December against 2,890 units in the same month last year. The company’s total vehicle sales during December quarter grew 39 per cent at 13,808 units, as compared to 9,922 units sold in the previous year quarter. Read more
10:12 AM
Model Portfolio for 2019 by IIFL
09:58 AM
Market check
Index Current Pt. Change % Change
S&P BSE SENSEX 35,951.18 -117.15 -0.32
S&P BSE SENSEX 50 11,331.96 -35.47 -0.31
S&P BSE SENSEX Next 50 32,968.48 -26.73 -0.08
S&P BSE 100 11,129.89 -31.13 -0.28
S&P BSE Bharat 22 Index 3,487.71 -8.93 -0.26
09:58 AM
Motilal Oswal Financial Services on NBFCs
We remain bullish on the vehicle financiers (VF) sector due to multiple tailwinds. With growth returning and migration to 90 days past due (dpd) over, we expect a strong earnings recovery for vehicle financiers, especially Shriram Transport Finance Co (SHTF) and MMFS (Mahindra and Mahindra Financial Services). In addition, asset quality trends have been stable. The impact of the liquidity crisis should fade over the next few months and it would be business as usual. In addition, these players have a large pool of securitizable assets that could be used to generate liquidity via PSL sell-downs. Our top pick in this space is SHTF.
09:52 AM
From ICICI Bank to Bajaj Finance, 10 stocks to beat the market in 2019
Indian equities were not a happy hunting ground for domestic investors in 2018 with most sectoral indices ending in the red while the benchmark indices delivered single-digit returns. Higher oil prices, a depreciating rupee, rising interest rates and a liquidity crisis for finance companies were some of the reasons.
For 2019, there are uncertainties related to outcome of general elections, the direction of fund flows and global growth worries. READ MORE
09:37 AM
All sectoral indices on NSE are trading in red barring Pharma and Realty
09:27 AM
UCO Bank surges over 11% in early trade
09:26 AM
BLOCK DEAL| 27.8 lakh shares (0.5% equity) of IndusInd Bank trade in 2 blocks on NSE at Rs 1,595.60/sh
09:21 AM
BLOCK DEAL | 58.56 lakh shares of Axis Bank trade in a block deal on NSE at Rs 622.75 per share; stock trades flat
09:20 AM
Sectoral trend on NSE
09:19 AM
Opening gainers and losers on BSE Sensex
09:17 AM
Market at open
At 9:15 AM, the S&P BSE Sensex was trading at 36,093, up 25 points, while the broader Nifty50 was ruling at 10,873, up 10 points.
09:11 AM
NEWS ALERT| 1.3 cr shares of Bharti Airtel traded in a block on BSE at Rs 319/sh in pre-opening session
09:05 AM
Lupin, JMC Projects and Fortis Healthcare among top stocks to track
The drug maker Lupin said it has received approval from the US health regulator for Clobazam Oral Suspension, used to treat seizures associated with Lennox-Gastaut Syndrome. The drug is indicated for treatment of seizures associated with Lennox-Gastaut Syndrome (LGS) in patients of two years of age or older. Read more
09:02 AM
Market at pre-open
Index Current Pt. Change % Change
S&P BSE SENSEX 36,161.90 +93.57 +0.26
S&P BSE SENSEX 50 11,393.37 +25.94 +0.23
S&P BSE SENSEX Next 50 33,041.97 +46.76 +0.14
S&P BSE 100 11,185.11 +24.09 +0.22
S&P BSE Bharat 22 Index 3,504.91 +8.27 +0.24
09:01 AM
Rupee opening
Rupee opens at 69.62/$ vs its previous close of 69.77 per dollar
08:59 AM
Top trading ideas by Prabhudas Lilladher
BUY BIOCON
CMP: Rs 629
TARGET: Rs 680
STOP LOSS:Rs 595
The stock has been consolidating around the range of Rs 600 and Rs 630 levels for quite some time and now it has given a breakout with decent volume. The relative strength index (RSI) indicator also has signaled a Buy by reversing its trend in the positive direction. We recommend a positional buy in this stock keeping a stop loss of Rs 595 for an upside target of Rs 680. Click here for more trading ideas
08:57 AM
Top trading calls by Anand Rathi
CONCOR: BUY
TARGET: Rs 724
STOP LOSS: Rs 670
The stock has formed a symmetrical triangular pattern and it has seen good long built up. The momentum indicator has also provided a buy crossover; hence one can buy for the target of 724 with a stop loss of 670. Click here to read more
08:46 AM
India's core sector growth drops to a 16-month low of 3.5% in November
Growth in the eight core sectors of the economy fell to a 16-month low of 3.5 per cent in November, after it had hit a three-month high of 4.8 per cent in October.
Economists blamed an unfavourable base effect, along with a sudden slowdown in the growth of cement production and electricity output for bringing down the overall growth rate of the core sectors. Contributing 40 per cent to the total industrial production, output of the core sectors has increasingly focused on cement production, led by rising construction activity across the country.
08:35 AM
Rupee check
The Indian rupee on Monday signed off the last trading session of 2018 with 18 paise gains at 69.77 per dollar but clocked a 9.23 per cent fall during the year after witnessing its one of the tumultuous years in the recent past.
08:27 AM
SGX Nifty
The Nifty futures on the Singapore Exchange (SGX) were trading largely flat at 10,922.50 levels in early trade.
08:20 AM
Wall Street check
The Wall Street advanced in low-volume trading on Monday as investors gathered to ring in 2019, marking the end of the worst year for US stocks since 2008, the height of the financial crisis.
The Dow Jones Industrial Average rose 265.06 points, or 1.15 per cent, to 23,327.46, the S&P 500 gained 21.11 points, or 0.85 per cent, to 2,506.85 and the Nasdaq Composite added 50.76 points, or 0.77 per cent, to 6,635.28.
08:15 AM
Good morning
Welcome to Business Standard's live blog. We wish our readers a very Happy New Year 2019
Among the sectoral indices, the Nifty Bank index is trading over 0.3 per cent lower dragged by IndusInd Bank, ICICI Bank and HDFC Bank. The Nifty Auto index, too, is down around 0.5 per cent weighed by TVS Motor Company, Mahindra & Mahindra and Maruti Suzuki.
In the broader markets, the S&P BSE MidCap index was trading 25 points or 0.16 per cent lower at 15413 levels. However, the S&P BSE SmallCap index was up 12 points or 0.08 per cent at 14,719 levels.
Rupee
The rupee opened 15 paise higher at 69.62 against the US dollar. The domestic unit Monday signed off the last trading session of 2018 with 18 paise gains at 69.77 but clocked a 9.23 per cent fall during the year after witnessing its one of the tumultuous years in the recent past.
Global Markets
Most Asian markets are shut on account of New Year.
The Wall Street advanced in low-volume trading on Monday as investors gathered to ring in 2019, marking the end of the worst year for US stocks since 2008, the height of the financial crisis.
The Dow Jones Industrial Average rose 265.06 points, or 1.15 per cent, to 23,327.46, the S&P 500 gained 21.11 points, or 0.85 per cent, to 2,506.85 and the Nasdaq Composite added 50.76 points, or 0.77 per cent, to 6,635.28.
(with Reuters input)
CATCH ALL THE LIVE UPDATES
11:29 AM
Varun Beverages up 15% in five days; stock nears record high
Shares of Varun Beverages (VBL) were trading higher for the fifth straight day on Tuesday. The stock was up 5 per cent at Rs 828 in an otherwise subdued market. The company is a key player in beverage industry and one of the largest franchisee of PepsiCo in the world (outside USA). In the last five trading days, the stock has outperformed the market by gaining 15 per cent, as compared to a one per cent rise in the S&P BSE Sensex. At the time of writing this report, it was 2.5% away from its all-time level of Rs 849 touched on September 21, 2018 on the BSE in intra-day trade. Read more
11:07 AM
Lessons from 2018: Don't be greedy, continue your SIPs to build a corpus
Investment consultant Arun Kejriwal has a complaint with stock market investors: “Most do not realise that there is an unlimited number of opportunities in the stock market. But the money they have is limited. And they have to maximise their returns with that limited amount.”
According to him, there was a strong buzz that the government might bite the bullet on capital gains tax in January itself. Most investors, especially in the mid-and small-cap space, were sitting on significant profits at that time. But they refused to sell, or lower their exposure. Click here to read more
10:57 AM
Top losers on BSE500
COMPANY PRICE() CHG() CHG(%) VOLUME
DHANUKA AGRITECH 452.90 -14.20 -3.04 533
FUTURE LIFESTYLE 413.50 -11.30 -2.66 1541
BLISS GVS PHARMA 162.40 -3.65 -2.20 92299
SHEELA FOAM 1453.05 -31.90 -2.15 21
GE T&D INDIA 288.00 -6.00 -2.04 1042
» More on Top Losers
10:45 AM
JMC Projects rallies 19% in two days on order win worth Rs 596 crore
JMC Projects (India) rallied 11% to Rs 96.80 on Tuesday, thus surging 19% in the last two sessions after the construction and engineering company said it has secured new orders worth Rs 596 crore. Out of Rs 596 crore, Rs 434 crore has been assigned for residential and commercial projects in South India. The second order amounting to Rs 162 crore is for civil works for a steel plant in Orissa. Most of these new orders are repeat orders from the company’s existing clients. The company said it was confident of meeting its revenue and margin guidance for financial year 2018-19. Read more
10:27 AM
NEWS ALERT | Maruti Suzuki India Limited sold a total of 128,338 units in December 2018
10:23 AM
NEWS ALERT | Karnataka Bank hikes MCLR across tenures by 10-15 bps from today
10:22 AM
Atul Auto surges 11% following December sales figures
Shares of Atul Auto surged 11 per cent to Rs 322 apiece on the BSE in early morning trade after the company posted a strong 50 per cent growth in sales numbers for December 2018. The three- wheeler manufacturer sold 4,332 units in December against 2,890 units in the same month last year. The company’s total vehicle sales during December quarter grew 39 per cent at 13,808 units, as compared to 9,922 units sold in the previous year quarter. Read more
10:12 AM
Model Portfolio for 2019 by IIFL
09:58 AM
Market check
Index Current Pt. Change % Change
S&P BSE SENSEX 35,951.18 -117.15 -0.32
S&P BSE SENSEX 50 11,331.96 -35.47 -0.31
S&P BSE SENSEX Next 50 32,968.48 -26.73 -0.08
S&P BSE 100 11,129.89 -31.13 -0.28
S&P BSE Bharat 22 Index 3,487.71 -8.93 -0.26
09:58 AM
Motilal Oswal Financial Services on NBFCs
We remain bullish on the vehicle financiers (VF) sector due to multiple tailwinds. With growth returning and migration to 90 days past due (dpd) over, we expect a strong earnings recovery for vehicle financiers, especially Shriram Transport Finance Co (SHTF) and MMFS (Mahindra and Mahindra Financial Services). In addition, asset quality trends have been stable. The impact of the liquidity crisis should fade over the next few months and it would be business as usual. In addition, these players have a large pool of securitizable assets that could be used to generate liquidity via PSL sell-downs. Our top pick in this space is SHTF.
09:52 AM
From ICICI Bank to Bajaj Finance, 10 stocks to beat the market in 2019
Indian equities were not a happy hunting ground for domestic investors in 2018 with most sectoral indices ending in the red while the benchmark indices delivered single-digit returns. Higher oil prices, a depreciating rupee, rising interest rates and a liquidity crisis for finance companies were some of the reasons.
For 2019, there are uncertainties related to outcome of general elections, the direction of fund flows and global growth worries. READ MORE
09:37 AM
All sectoral indices on NSE are trading in red barring Pharma and Realty
09:27 AM
UCO Bank surges over 11% in early trade
09:26 AM
BLOCK DEAL| 27.8 lakh shares (0.5% equity) of IndusInd Bank trade in 2 blocks on NSE at Rs 1,595.60/sh
09:21 AM
BLOCK DEAL | 58.56 lakh shares of Axis Bank trade in a block deal on NSE at Rs 622.75 per share; stock trades flat
09:20 AM
Sectoral trend on NSE
09:19 AM
Opening gainers and losers on BSE Sensex
09:17 AM
Market at open
At 9:15 AM, the S&P BSE Sensex was trading at 36,093, up 25 points, while the broader Nifty50 was ruling at 10,873, up 10 points.
09:11 AM
NEWS ALERT| 1.3 cr shares of Bharti Airtel traded in a block on BSE at Rs 319/sh in pre-opening session
09:05 AM
Lupin, JMC Projects and Fortis Healthcare among top stocks to track
The drug maker Lupin said it has received approval from the US health regulator for Clobazam Oral Suspension, used to treat seizures associated with Lennox-Gastaut Syndrome. The drug is indicated for treatment of seizures associated with Lennox-Gastaut Syndrome (LGS) in patients of two years of age or older. Read more
09:02 AM
Market at pre-open
Index Current Pt. Change % Change
S&P BSE SENSEX 36,161.90 +93.57 +0.26
S&P BSE SENSEX 50 11,393.37 +25.94 +0.23
S&P BSE SENSEX Next 50 33,041.97 +46.76 +0.14
S&P BSE 100 11,185.11 +24.09 +0.22
S&P BSE Bharat 22 Index 3,504.91 +8.27 +0.24
09:01 AM
Rupee opening
Rupee opens at 69.62/$ vs its previous close of 69.77 per dollar
08:59 AM
Top trading ideas by Prabhudas Lilladher
BUY BIOCON
CMP: Rs 629
TARGET: Rs 680
STOP LOSS:Rs 595
The stock has been consolidating around the range of Rs 600 and Rs 630 levels for quite some time and now it has given a breakout with decent volume. The relative strength index (RSI) indicator also has signaled a Buy by reversing its trend in the positive direction. We recommend a positional buy in this stock keeping a stop loss of Rs 595 for an upside target of Rs 680. Click here for more trading ideas
08:57 AM
Top trading calls by Anand Rathi
CONCOR: BUY
TARGET: Rs 724
STOP LOSS: Rs 670
The stock has formed a symmetrical triangular pattern and it has seen good long built up. The momentum indicator has also provided a buy crossover; hence one can buy for the target of 724 with a stop loss of 670. Click here to read more
08:46 AM
India's core sector growth drops to a 16-month low of 3.5% in November
Growth in the eight core sectors of the economy fell to a 16-month low of 3.5 per cent in November, after it had hit a three-month high of 4.8 per cent in October.
Economists blamed an unfavourable base effect, along with a sudden slowdown in the growth of cement production and electricity output for bringing down the overall growth rate of the core sectors. Contributing 40 per cent to the total industrial production, output of the core sectors has increasingly focused on cement production, led by rising construction activity across the country.
08:35 AM
Rupee check
The Indian rupee on Monday signed off the last trading session of 2018 with 18 paise gains at 69.77 per dollar but clocked a 9.23 per cent fall during the year after witnessing its one of the tumultuous years in the recent past.
08:27 AM
SGX Nifty
The Nifty futures on the Singapore Exchange (SGX) were trading largely flat at 10,922.50 levels in early trade.
08:20 AM
Wall Street check
The Wall Street advanced in low-volume trading on Monday as investors gathered to ring in 2019, marking the end of the worst year for US stocks since 2008, the height of the financial crisis.
The Dow Jones Industrial Average rose 265.06 points, or 1.15 per cent, to 23,327.46, the S&P 500 gained 21.11 points, or 0.85 per cent, to 2,506.85 and the Nasdaq Composite added 50.76 points, or 0.77 per cent, to 6,635.28.
08:15 AM
Good morning
Welcome to Business Standard's live blog. We wish our readers a very Happy New Year 2019
The great thing about this post is quality information. I always like to read amazingly useful and quality content. Your article is amazing, thank you for sharing this article.
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