Thursday 30 January 2020

MARKET LIVE: Indices pare gains, Nifty below 12,050; private banks rally

Benchmark indices pared their opening gains on Friday to trade flat with a positive bias.
The S&P BSE Sensexwas trading 80 points, or 0.2 per cent, higher at 40,990 levels. IndusInd Bank, Mahindra & Mahindra, and Hero MotoCorp (all up 1%) were among the top gainers in the Sensex pack. On the other hand, ONGC and Powergrid, both dipped 1 per cent each.
The broader Nifty50 index was trading around the psychological 12,050-mark, up 10 points.
Majority of the Nifty sectoral indices were trading in the green. Nifty Private Bank and Nifty Bank indexes were both up 1 per cent each. On the other hand, Nifty Metal index slipped 0.3 per cent.
In the broader market, the S&P BSE MidCap index ticked up 10 points, or 0.06 per cent, and the S&P BSE SmallCap index gained 46 points, or 0.3 per cent.

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09:59 AM
Amber Enterprises soars 9% on robust Q3 earnings; zooms 47% in January
Shares of Amber Enterprises India soared 9 per cent to Rs 1,639 on the BSE on Friday after the company showcased a robust performance in the December quarter (Q3FY20) with operating earnings before interest, tax, depreciation and amortization (Ebitda) more than doubling at Rs 52 crore. It had clocked an operating Ebitda of Rs 26 crore in the same quarter last year. READ MORE
electronics, TV, fridge, consumer goods, microwave, washing machine
09:58 AM
Motherson Sumi trades lower
09:56 AM
ONGC dips over 3%
09:54 AM
Wipro slips over 2% after Abidali Neemuchwala steps down as MD and CEO
Wipro slipped over 2 per cent in the morning trade on Friday after the company announced that Chief Executive Officer (CEO) and Managing Director (MD) Abidali Z Neemuchwala has decided to step down due to family commitments. Neemuchwala, 52, is leaving due to "family commitments” and will continue to hold office until a successor is appointed, said Wipro in a regulatory filing. READ MORE
Abidali Z Neemuchwala CEO & MD, Wipro
09:52 AM
MARKET UPDATE:: Sensex pares all opening gains
09:50 AM
Bajaj Auto keeps up yesterday's momentum, up over 2% today
09:47 AM
SECTOR WATCH:: Nifty Private Bank index top sectoral gainer, up 0.8 per cent
09:46 AM
SBI Q3 preview: Profit could take hit due to DHFL, interest income may rise
“SBI is well poised for an earnings recovery, led by its steady operating performance at the pre-provisioning operating profit (PPoP) level, recoveries from large NCLT resolutions, and normalisation in credit cost to 1.3 per cent/1.1 per cent in FY21/22,” analysts at Motilal Oswal Financial Services said. READ PREVIEW HERE

09:32 AM
Ahead of Q3 nos | ITC trades marginally higher
Cigarette-to-soap conglomerate ITC is expected to deliver sales, earnings before interest, tax, depreciation, and amortisation (EBITDA) and adjusted profit after tax (PAT) growth of 5.7 per cent, 7 per cent and 14.8 per cent YoY, respectively in 3QFY20. READ PREVIEW HERE

09:27 AM
Buzzing | Bharti Airtel gains over 1.5%
>> Directorate General of Foreign Trade removes Bharti Airtel's name from 'denied entry list’

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