Benchmark indices were highly volatile in the early morning trade on Friday.
The benchmark S&P BSE Sensex was ruling flat with neagtive bias at 38,950 levels while NSE's Nifty50 index was trading around 11,550 levels.
Infosys (1.5 per cent), NTPC (1.2 per cent), and ITC (1 per cent) were the top gainers at the 30-share Sensex, while YES Bank (3 per cent), Tata Motors (2.3 per cent), and Vedanta (2.11 per cent) were the top laggards.
Sectorally, only IT and FMCG indices were trading in the green. Nifty Bank index dipped 300 points in the morning trade to trade 0.93 per cent lower. Weakness was also seen in Nifty Realty index (down 1 per cent), Nifty Private bank index (down 0.94 per cent), and Nifty Metal index (down 0.84 per cent).
In the broader market, the S&P BSE Mid-cap index was trading flat, down 0.03 per cent. The S&P BSE Small-cap index, on the contrary, was up 0.17 per cent.
GLOBAL CUES
U.S. stocks slipped on Thursday as the release of a whistleblower report against Trump kept uncertainty high. The Dow Jones Industrial Average fell 0.3 per cent, the S&P 500 lost 0.24 per cent, and the Nasdaq Composite dropped 0.58 per cent. Asian shares also dipped in Friday's morning trade. MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.09 per cent, while Japan's Nikkei slid 0.54 per cent.
Oil prices steadied off two-week lows. Brent crude futures fell 0.53 per cent to $62.41 a barrel.
(With inputs from Reuters)
CATCH ALL THE LIVE UPDATES
Auto Refresh
10:04 AM
Market check
09:59 AM
YES Bank hits fresh 6-year low on nearly 2% stake sale by promoter
Shares of YES Bank hit a fresh six-year low of Rs 48.50, down 5 per cent on the BSE in the intra-day deals on Friday after YES Capital, one of the promoter entities of the private lender, sold nearly 2 per cent stake in the bank.
“YES Capital (India) Private Ltd (“YCPL”), part of the promoter group of YES Bank, has today sold 1.8 per cent shareholding in the Bank,” YES Bank said in a press release on Thursday after market hours. READ MORE
09:46 AM
Rupee opens 8 paise lower against US dollar amid drop in oil prices
The rupee on Friday opened 8 paise lower at 70.96 against the US dollar amid weak Asian equities and drop in crude oil prices. The domestic unit on Thursday strengthened by 16 paise to close at 70.88 as investor sentiment got a lift after US President Donald Trump said a trade deal with China could happen sooner than expected. READ MORE
09:43 AM
Reliance Capital falls 2.7%
-- Brickwork downgraded rating on Reliance Capital’s secured NCDs program, market linked debentures and subordinated debt to ‘D’ due to delay in interest payment for NCDs.
09:41 AM
Quess Corp gains over 2%
-- It has allotted equity shares by way of private placement on a preferential issue basis to Amazon.com NV Investment Holdings LLC.
09:40 AM
Phoenix Mills dips over 2.5%
-- Promoters of the company are planning to sell 38 lakh shares, or 2.5 per cent stake, as per reports.
09:39 AM
ICICI Lombard GIC adds 1%
- FAL Corporation, a wholly-owned subsidiary of Canadian investor Prem Watsa’s Fairfax Financial Holdings, has sold 4.99 per cent equity stake in ICICI Lombard general insurance for Rs 2,562 crore in a block deal.
09:26 AM
YES Bank continues to bleed, slips around 4% after Rana Kapoor sells another 1.8%
09:24 AM
BUZZING STOCK | Tata Motors down nearly 3%
09:23 AM
BUZZING STOCK | Lakshmi Viilas Bank hits lower circuit
09:22 AM
Sector Watch | Top gainers and losers on the NSE
09:21 AM
FIRST TRADE | Losers and gainers on the S&P BSE Sensex
09:19 AM
OPENING BELL
At 09:17 am, the S&P BSE Sensex was trading 149 points or 0.38 per cent lower at 38,841.06, while NSE's Nifty50 index was quoting 48 points or 0.42 per cent lower at 11,523.15 levels.
09:14 AM
NEWS ALERT | Strides Pharma has announced suspension of Ranitidine drug's sale in the US market: BSE filing
-- Sale suspended until further clarity by US FDA
Alert: Sale of Ranitidine was under scanner after US FDA raised issue of carcinogenic NDMA being present in the drug
09:08 AM
NEWS ALERT | FM to brief media at around 4:30 pm today: Govt official
Alert: FM to hold meeting with key ministries for CAPEX done so far, and requirement ahead
09:06 AM
Top gainers and losers on S&P BSE Sensex during Pre-open
09:06 AM
Market at Pre-open
09:05 AM
Market at Pre-open
09:01 AM
Rupee Opening Alert
Rupee opens weaker at 70.96 per US dollar vs Thursday's close of Rs 70.88
08:58 AM
New framework to bail out stressed financial companies likely today
Amid the crisis at Dewan Housing Finance (DHFL), financial sector regulators are planning a framework for resolving stressed financial conglomerates. The new framework, which will be discussed by the regulators at a meeting in Mumbai on Friday, will help adopt a uniform approach on bailing out such companies. READ MORE
08:52 AM
NEWS ALERT | Future Retail's promoter creates pledge on 1.3 cr shares from Sept 18-20: CNBC TV18
-- Future Ent's promoter releases a pledge on 28 lakh shares
08:49 AM
Stocks to watch: YES Bank, Phoenix Mills, ICICI Lombard, Coffee Day, NBFCs
Here's a look at the top stocks that may remain in focus today -
YES Bank: YES Capital, one of the promoter entities of YES Bank, on Thursday sold 1.8 per cent stake in the private lender. The share sale helped the promoter group entity, owned by Rana Kapoor’s family, raise around Rs 240 crore. READ MORE
ICICI Lombard: FAL Corporation, a wholly-owned subsidiary of Canadian investor Prem Watsa’s Fairfax Financial Holdings, has sold 4.99 per cent equity stake in ICICI Lombard general insurance for Rs 2,562 crore in a block deal. READ MORE HERE
Sensex,Nifty,investor,market,shares,stock,bull
08:46 AM
NEWS ALERT | Insolvency law panel's sub-committee submits recommendations on resoln mechanism for stressed fin cos: sources to CNBC TV18
-- Recommends regulators, RBI and Sebi, to have final say on whether or not resolution process has to be initiated
-- Only listed companies to be covered; deposit-taking, systemically imp companies to be out of the ambit
-- DHFL won't be covered under the IBC resolution process
-- Financial experts, not a resolution professional, to be appointed to run these stressed assets
-- Moratorium period begins as soon as the insolvency plea is filed
-- Quasi banks, merchant banks, credit rating agencies could be part of the resolution process
-- RBI not in favour of including large, systemically imp NBFCs
08:36 AM
ICICI Bank stock a good bet, but look out for retail NPAs, say analysts
ICICI Bank has benefited from the challenges facing peers in the sector. In the June quarter, when the private lender demonstrated its ability to correct its asset quality issues sharply, it regained investors’ trust significantly.
Brokerages including Morgan Stanley and Nomura have increased their allocation to the ICICI Bank stock in recent weeks, as competitors face issues such as possible slowdown in retail loans and elevated provisioning costs. READ MORE
08:30 AM
Kotak Mutual Fund pays pending balance amount to its FMP investors
Kotak Mutual Fund (MF) has paid the pending balance amount to its fixed maturity plan (FMP) investors, which it had to withhold at the time of maturity, having entered into a ‘standstill’ agreement with Essel group promoters to realise fair value of its investments in the group’s firms. In a note to investors, Kotak MF said: “In early September, a portion of investment was realised from the promoters’ stake sale to Invesco Oppenheimer Funds, which was paid to all unitholders. Further, the balance amount (principal + accrued interest) has been realised.” “The proceeds towards full redemption of your balance units have been transferred to your bank account,” the note added.
.
08:25 AM
PMC Bank chairman Waryam Singh's connection with HDIL runs deep
S Waryam Singh, chairman of Punjab & Maharashtra Co-operative Bank (PMC Bank), held 1.91 per cent in real estate company Housing Development & Infrastructure (HDIL) till September 2017. Singh, 67, who joined the HDIL board as director in 2005, quit to return to the bank as chairman in 2015, a position he had held between 1999 and 2005. READ FULL REPORT HERE
08:22 AM
Today's picks: From Wipro to Tata Steel, hot stocks to watch on Friday
Bank Nifty
Current: 30,013 (fut: 30,264)
Target: NA
Stop-long positions at 30,000. Stop-short positions at 30,400.
Big moves could go till 30,650, 29,800. Trend could go negative on profit booking. READ MORE
08:20 AM
NEWS ALERT
Ministry of Finance
✔
@FinMinIndia
Union Finance & Corporate Affiars Minister Smt @nsitharaman be holding a meeting with Secretaries and Financial Advisors of key selected Ministeries to review total CAPEX by the Ministries in 2019-20 till now and plan for future CAPEX in current FY , today in New Delhi.
325
7:58 AM - Sep 27, 2019
Twitter Ads info and privacy
57 people are talking about this
08:18 AM
Derivatives strategy by HDFC Securities: Buy Oct Future for Reliance Ind
Buy Reliance October Future @ Rs 1,304
Stop loss: Rs 1,280
Target: Rs 1,350
Rationale:
1) We have seen long build up in the Reliance futures’, where we have seen rise in Open Interest with price rising by 1.3 per cent.
2) Stock price has broken out on the daily chart by closing above the resistance level of 1293 level yesterday. READ FULL STRATEGY HERE
08:16 AM
Top stock recommendations by Anand Rathi: Buy Voltas, Reliance Ind, Concor
CONCOR: BUY
TGT: Rs 700
SL: Rs 580
The stock has provided a breakout from the ascending triangular pattern with a clear buy crossover in its momentum indicators on the daily, weekly and monthly MACD. The stock has also formed a new life time high; hence the overall momentum is absolutely in favor of the bulls. The volumes have expanded with a breakout on the upside. READ MORE HERE
The benchmark S&P BSE Sensex was ruling flat with neagtive bias at 38,950 levels while NSE's Nifty50 index was trading around 11,550 levels.
Infosys (1.5 per cent), NTPC (1.2 per cent), and ITC (1 per cent) were the top gainers at the 30-share Sensex, while YES Bank (3 per cent), Tata Motors (2.3 per cent), and Vedanta (2.11 per cent) were the top laggards.
Sectorally, only IT and FMCG indices were trading in the green. Nifty Bank index dipped 300 points in the morning trade to trade 0.93 per cent lower. Weakness was also seen in Nifty Realty index (down 1 per cent), Nifty Private bank index (down 0.94 per cent), and Nifty Metal index (down 0.84 per cent).
In the broader market, the S&P BSE Mid-cap index was trading flat, down 0.03 per cent. The S&P BSE Small-cap index, on the contrary, was up 0.17 per cent.
GLOBAL CUES
U.S. stocks slipped on Thursday as the release of a whistleblower report against Trump kept uncertainty high. The Dow Jones Industrial Average fell 0.3 per cent, the S&P 500 lost 0.24 per cent, and the Nasdaq Composite dropped 0.58 per cent. Asian shares also dipped in Friday's morning trade. MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.09 per cent, while Japan's Nikkei slid 0.54 per cent.
Oil prices steadied off two-week lows. Brent crude futures fell 0.53 per cent to $62.41 a barrel.
(With inputs from Reuters)
CATCH ALL THE LIVE UPDATES
Auto Refresh
10:04 AM
Market check
09:59 AM
YES Bank hits fresh 6-year low on nearly 2% stake sale by promoter
Shares of YES Bank hit a fresh six-year low of Rs 48.50, down 5 per cent on the BSE in the intra-day deals on Friday after YES Capital, one of the promoter entities of the private lender, sold nearly 2 per cent stake in the bank.
“YES Capital (India) Private Ltd (“YCPL”), part of the promoter group of YES Bank, has today sold 1.8 per cent shareholding in the Bank,” YES Bank said in a press release on Thursday after market hours. READ MORE
09:46 AM
Rupee opens 8 paise lower against US dollar amid drop in oil prices
The rupee on Friday opened 8 paise lower at 70.96 against the US dollar amid weak Asian equities and drop in crude oil prices. The domestic unit on Thursday strengthened by 16 paise to close at 70.88 as investor sentiment got a lift after US President Donald Trump said a trade deal with China could happen sooner than expected. READ MORE
09:43 AM
Reliance Capital falls 2.7%
-- Brickwork downgraded rating on Reliance Capital’s secured NCDs program, market linked debentures and subordinated debt to ‘D’ due to delay in interest payment for NCDs.
09:41 AM
Quess Corp gains over 2%
-- It has allotted equity shares by way of private placement on a preferential issue basis to Amazon.com NV Investment Holdings LLC.
09:40 AM
Phoenix Mills dips over 2.5%
-- Promoters of the company are planning to sell 38 lakh shares, or 2.5 per cent stake, as per reports.
09:39 AM
ICICI Lombard GIC adds 1%
- FAL Corporation, a wholly-owned subsidiary of Canadian investor Prem Watsa’s Fairfax Financial Holdings, has sold 4.99 per cent equity stake in ICICI Lombard general insurance for Rs 2,562 crore in a block deal.
09:26 AM
YES Bank continues to bleed, slips around 4% after Rana Kapoor sells another 1.8%
09:24 AM
BUZZING STOCK | Tata Motors down nearly 3%
09:23 AM
BUZZING STOCK | Lakshmi Viilas Bank hits lower circuit
09:22 AM
Sector Watch | Top gainers and losers on the NSE
09:21 AM
FIRST TRADE | Losers and gainers on the S&P BSE Sensex
09:19 AM
OPENING BELL
At 09:17 am, the S&P BSE Sensex was trading 149 points or 0.38 per cent lower at 38,841.06, while NSE's Nifty50 index was quoting 48 points or 0.42 per cent lower at 11,523.15 levels.
09:14 AM
NEWS ALERT | Strides Pharma has announced suspension of Ranitidine drug's sale in the US market: BSE filing
-- Sale suspended until further clarity by US FDA
Alert: Sale of Ranitidine was under scanner after US FDA raised issue of carcinogenic NDMA being present in the drug
09:08 AM
NEWS ALERT | FM to brief media at around 4:30 pm today: Govt official
Alert: FM to hold meeting with key ministries for CAPEX done so far, and requirement ahead
09:06 AM
Top gainers and losers on S&P BSE Sensex during Pre-open
09:06 AM
Market at Pre-open
09:05 AM
Market at Pre-open
09:01 AM
Rupee Opening Alert
Rupee opens weaker at 70.96 per US dollar vs Thursday's close of Rs 70.88
08:58 AM
New framework to bail out stressed financial companies likely today
Amid the crisis at Dewan Housing Finance (DHFL), financial sector regulators are planning a framework for resolving stressed financial conglomerates. The new framework, which will be discussed by the regulators at a meeting in Mumbai on Friday, will help adopt a uniform approach on bailing out such companies. READ MORE
08:52 AM
NEWS ALERT | Future Retail's promoter creates pledge on 1.3 cr shares from Sept 18-20: CNBC TV18
-- Future Ent's promoter releases a pledge on 28 lakh shares
08:49 AM
Stocks to watch: YES Bank, Phoenix Mills, ICICI Lombard, Coffee Day, NBFCs
Here's a look at the top stocks that may remain in focus today -
YES Bank: YES Capital, one of the promoter entities of YES Bank, on Thursday sold 1.8 per cent stake in the private lender. The share sale helped the promoter group entity, owned by Rana Kapoor’s family, raise around Rs 240 crore. READ MORE
ICICI Lombard: FAL Corporation, a wholly-owned subsidiary of Canadian investor Prem Watsa’s Fairfax Financial Holdings, has sold 4.99 per cent equity stake in ICICI Lombard general insurance for Rs 2,562 crore in a block deal. READ MORE HERE
Sensex,Nifty,investor,market,shares,stock,bull
08:46 AM
NEWS ALERT | Insolvency law panel's sub-committee submits recommendations on resoln mechanism for stressed fin cos: sources to CNBC TV18
-- Recommends regulators, RBI and Sebi, to have final say on whether or not resolution process has to be initiated
-- Only listed companies to be covered; deposit-taking, systemically imp companies to be out of the ambit
-- DHFL won't be covered under the IBC resolution process
-- Financial experts, not a resolution professional, to be appointed to run these stressed assets
-- Moratorium period begins as soon as the insolvency plea is filed
-- Quasi banks, merchant banks, credit rating agencies could be part of the resolution process
-- RBI not in favour of including large, systemically imp NBFCs
08:36 AM
ICICI Bank stock a good bet, but look out for retail NPAs, say analysts
ICICI Bank has benefited from the challenges facing peers in the sector. In the June quarter, when the private lender demonstrated its ability to correct its asset quality issues sharply, it regained investors’ trust significantly.
Brokerages including Morgan Stanley and Nomura have increased their allocation to the ICICI Bank stock in recent weeks, as competitors face issues such as possible slowdown in retail loans and elevated provisioning costs. READ MORE
08:30 AM
Kotak Mutual Fund pays pending balance amount to its FMP investors
Kotak Mutual Fund (MF) has paid the pending balance amount to its fixed maturity plan (FMP) investors, which it had to withhold at the time of maturity, having entered into a ‘standstill’ agreement with Essel group promoters to realise fair value of its investments in the group’s firms. In a note to investors, Kotak MF said: “In early September, a portion of investment was realised from the promoters’ stake sale to Invesco Oppenheimer Funds, which was paid to all unitholders. Further, the balance amount (principal + accrued interest) has been realised.” “The proceeds towards full redemption of your balance units have been transferred to your bank account,” the note added.
.
08:25 AM
PMC Bank chairman Waryam Singh's connection with HDIL runs deep
S Waryam Singh, chairman of Punjab & Maharashtra Co-operative Bank (PMC Bank), held 1.91 per cent in real estate company Housing Development & Infrastructure (HDIL) till September 2017. Singh, 67, who joined the HDIL board as director in 2005, quit to return to the bank as chairman in 2015, a position he had held between 1999 and 2005. READ FULL REPORT HERE
08:22 AM
Today's picks: From Wipro to Tata Steel, hot stocks to watch on Friday
Bank Nifty
Current: 30,013 (fut: 30,264)
Target: NA
Stop-long positions at 30,000. Stop-short positions at 30,400.
Big moves could go till 30,650, 29,800. Trend could go negative on profit booking. READ MORE
08:20 AM
NEWS ALERT
Ministry of Finance
✔
@FinMinIndia
Union Finance & Corporate Affiars Minister Smt @nsitharaman be holding a meeting with Secretaries and Financial Advisors of key selected Ministeries to review total CAPEX by the Ministries in 2019-20 till now and plan for future CAPEX in current FY , today in New Delhi.
325
7:58 AM - Sep 27, 2019
Twitter Ads info and privacy
57 people are talking about this
08:18 AM
Derivatives strategy by HDFC Securities: Buy Oct Future for Reliance Ind
Buy Reliance October Future @ Rs 1,304
Stop loss: Rs 1,280
Target: Rs 1,350
Rationale:
1) We have seen long build up in the Reliance futures’, where we have seen rise in Open Interest with price rising by 1.3 per cent.
2) Stock price has broken out on the daily chart by closing above the resistance level of 1293 level yesterday. READ FULL STRATEGY HERE
08:16 AM
Top stock recommendations by Anand Rathi: Buy Voltas, Reliance Ind, Concor
CONCOR: BUY
TGT: Rs 700
SL: Rs 580
The stock has provided a breakout from the ascending triangular pattern with a clear buy crossover in its momentum indicators on the daily, weekly and monthly MACD. The stock has also formed a new life time high; hence the overall momentum is absolutely in favor of the bulls. The volumes have expanded with a breakout on the upside. READ MORE HERE
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