Marketsare likely to react to a sharp cut in India's economic growth forecast by the International Monetary Fund (IMF) which lowered the country's GDP growth forecast to 4.8 per cent for this fiscal year. It also cut the world’s growth estimate and blamed the slowdown in India for its move. READ MORE
Besides, quarterly results, stock-specific action and global cues will continue to guide markets.
RESULTS TODAY
Zee Entertainment Enterprises (ZEEL), Polycab India, IndiaMART InterMESH, Havells, ICICI Prudential Life, and HDFC AMC are among 25 companies that are scheduled to release their quarterly results later in the day.
GLOBAL MARKETS
Asian shares got off to a cautious start on Tuesday lacking any lead from Wall Street and after the IMF shaved its outlook for world growth this year. The IMF now sees growth at 3.3 per cent this year, down from 3.4 per cent and also cut the 2021 forecast to 3.4 per cent from 3.6 per cent. Also due later is the outcome of the Bank of Japan’s (BoJ) latest policy meeting.
In commodities, oil prices rose to their highest in more than a week after two large crude production bases in Libya began shutting down. Brent crude futures firmed 37 cents to $65.22 a barrel, while US crude rose 17 cents to $58.71.
(with inputs from Reuters)
CATCH ALL THE LIVE UPDATES
Auto Refresh
09:24 AM
MOIL slips 3% amid reports govt has divested 6% stake
09:23 AM
Info Edge gains as Zomato buys stake in UberEats
Alert: Info Edge has stake in Zomato
09:21 AM
Polycab India trades higher ahead of Q3 nos today
09:21 AM
Can Fin Homes trades higher post Q3 nos
09:20 AM
Vodafone Idea jumps 11% on hope SC could extend AGR payment timeline
09:18 AM
Sectoral trends at NSE during Opening trade
09:18 AM
Top gainers and losers on S&P BSE Sensex during Opening trade
09:17 AM
Market at Open
09:17 AM
Market at Open
09:12 AM
Uber sells its India food delivery business to Zomato in all-stock deal
Uber will get a 9.9 per cent stake in Zomato as part of the deal whose size has not been disclosed. The deal for Uber Eats, which operates in 41 cities, was signed at 3 am, and its customers will be shifted to the Zomato app from 7 am. READ MORE
09:03 AM
Top gainers and losers on S&P BSE Sensex during Pre-open
09:02 AM
Market at Pre-open
09:02 AM
Market at Pre-open
09:01 AM
Rupee opening
Rupee opens lower at 71.18/$ vs Monday's close of 71.11 against the US dollar
08:59 AM
At multi-quarter low, HDFC Bank's retail loan growth may face more pain
A few weeks ago, when HDFC Bank published its December quarter (Q3) loan growth and deposit data, analysts were of the opinion that the widespread economic downturn wasn’t hurting it much. This was tested over the weekend, when HDFC Bank published its Q3 results. READ MORE
08:54 AM
NEWS ALERT | USFDA issues 2 observations to Karkhadi unit of Alembic Pharma: BSE filing
Alert: Inspection was at Alembic Pharmaceuticals API Facility located at Karkhadi from 13th January, 2020 to 17th January, 2020
08:52 AM
Aramco deal, more asset sale crucial for making RIL net-debt free: Analysts
Mukesh Ambani’s plan to make Reliance Industries (RIL) net-debt free before March 2021 will hinge on completion of announced deals and some more initiatives, according to analysts. READ MORE
08:49 AM
Valuation discount brings more comfort to HCL Technologies' investors
A better-than-expected performance on revenue and margins in the December quarter as well as a guidance revision should help HCL Technologies report the best organic growth among large-cap peers in 2019-20 (FY20). READ MORE
08:43 AM
Stocks to watch: Info Edge, ZEEL, Havells, Polycab, IndiaMART, HDFC AMC
Here's a look at the top stocks that may trade actively in today's trading session -
Info Edge: The stock may hog the limelight as Zomato acquires Uber Eats. Info Edge has a stake in Zomato.
Earnings today: Zee Entertainment Enterprises (ZEEL), Polycab India, IndiaMART InterMESH, Havells, ICICI Prudential Life, and HDFC AMC are among 25 companies that are scheduled to release their quarterly results later in the day. READ MORE
08:40 AM
NEWS ALERT | Bank of Japan maintains 10-yr JGB yield target at around 0%
>> Maintains short-term interest rate target at -0.1 per cent
>> BoJ says, Japan's economy continue to expand at moderate rate as a trend
08:35 AM
Stock recommendation from Prabhudas Lilladher: Buy Dr Reddy's, GAIL
BUY DR. REDDY'S | CMP: Rs 3,059.60 | TARGET: Rs 3,350 | STOP LOSS: Rs 2,900
The stock has steadily and gradually been on the rise with positive indicators supporting the momentum and currently has given a breakout above the previous peak level of 3,000, indicating a positive bias for further more upside targets. With decent volume participation witnessed, we recommend a buy in this stock for an upside target of Rs 3,350 while keeping the stop loss of Rs 2,900. READ MORE
08:33 AM
Nifty outlook and top trading ideas by Jay Anand Thakkar of Anand Rathi
NIFTY: SELL | TGT: 11,990 | SL: 12,350
The Nifty closed deep in the negative territory on Tuesday and, as anticipated, has reversed well from the upper end of the rising wedge pattern, which is also a negative sign in the short term. The index has also provided a sell crossover on its hourly charts and with that, the index seems to have reversed the overall trend in the short term. READ MORE
08:31 AM
Bulk deals on BSE as on Monday
Click here for complete list
08:25 AM
Bulk deals on NSE as on Monday
Date Symbol Security Name Client Name Buy / Sell Quantity Traded Trade Price /
Wght. Avg.
Price
20-Jan-2020 ATULAUTO Atul Auto Limited ADITYA BIRLA SUN LIFE MUTUAL LTD BUY 1,90,000 251.50
20-Jan-2020 CONTI Continental Seed Chem Ltd MANISH KUMAR SELL 68,000 53.35
20-Jan-2020 DCI DC Infotech and Comun Ltd SMARTNET INFOTECH & SERVICES PVT LTD SELL 57,000 45.50
20-Jan-2020 GOODLUCK Goodluck India Limited MAXRICH GLOBAL STOCKS PRIVATE LIMITED BUY 52,963 60.38
20-Jan-2020 GOODLUCK Goodluck India Limited MAXRICH GLOBAL STOCKS PRIVATE LIMITED SELL 2,19,141 60.37Click here for the full list
08:19 AM
FII/FPI & DII trading activity on NSE, BSE and MSEI
08:13 AM
Rupee check
Source: Bloomberg
08:07 AM
Oil check
Oil prices rose on Tuesday after Libya declared force majeure on two major oilfields following a military blockade and protests escalated in Iraq, raising supply concerns.
Brent crude was trading up 11 cents, or 0.2 per cent, at $65.31 per barrel by 0101 GMT. US West Texas Intermediate crude futures were up 20 cents, or 0.3 per cent, at $58.74 a barrel.
Crude Oil
08:02 AM
Asian Markets check
07:58 AM
TRADE SET UP | SGX Nifty trades lower
07:29 AM
Good morning!
Welcome to the Business Standard live blog.
Catch all the live market updates here.
Besides, quarterly results, stock-specific action and global cues will continue to guide markets.
RESULTS TODAY
Zee Entertainment Enterprises (ZEEL), Polycab India, IndiaMART InterMESH, Havells, ICICI Prudential Life, and HDFC AMC are among 25 companies that are scheduled to release their quarterly results later in the day.
GLOBAL MARKETS
Asian shares got off to a cautious start on Tuesday lacking any lead from Wall Street and after the IMF shaved its outlook for world growth this year. The IMF now sees growth at 3.3 per cent this year, down from 3.4 per cent and also cut the 2021 forecast to 3.4 per cent from 3.6 per cent. Also due later is the outcome of the Bank of Japan’s (BoJ) latest policy meeting.
In commodities, oil prices rose to their highest in more than a week after two large crude production bases in Libya began shutting down. Brent crude futures firmed 37 cents to $65.22 a barrel, while US crude rose 17 cents to $58.71.
(with inputs from Reuters)
CATCH ALL THE LIVE UPDATES
Auto Refresh
09:24 AM
MOIL slips 3% amid reports govt has divested 6% stake
09:23 AM
Info Edge gains as Zomato buys stake in UberEats
Alert: Info Edge has stake in Zomato
09:21 AM
Polycab India trades higher ahead of Q3 nos today
09:21 AM
Can Fin Homes trades higher post Q3 nos
09:20 AM
Vodafone Idea jumps 11% on hope SC could extend AGR payment timeline
09:18 AM
Sectoral trends at NSE during Opening trade
09:18 AM
Top gainers and losers on S&P BSE Sensex during Opening trade
09:17 AM
Market at Open
09:17 AM
Market at Open
09:12 AM
Uber sells its India food delivery business to Zomato in all-stock deal
Uber will get a 9.9 per cent stake in Zomato as part of the deal whose size has not been disclosed. The deal for Uber Eats, which operates in 41 cities, was signed at 3 am, and its customers will be shifted to the Zomato app from 7 am. READ MORE
09:03 AM
Top gainers and losers on S&P BSE Sensex during Pre-open
09:02 AM
Market at Pre-open
09:02 AM
Market at Pre-open
09:01 AM
Rupee opening
Rupee opens lower at 71.18/$ vs Monday's close of 71.11 against the US dollar
08:59 AM
At multi-quarter low, HDFC Bank's retail loan growth may face more pain
A few weeks ago, when HDFC Bank published its December quarter (Q3) loan growth and deposit data, analysts were of the opinion that the widespread economic downturn wasn’t hurting it much. This was tested over the weekend, when HDFC Bank published its Q3 results. READ MORE
08:54 AM
NEWS ALERT | USFDA issues 2 observations to Karkhadi unit of Alembic Pharma: BSE filing
Alert: Inspection was at Alembic Pharmaceuticals API Facility located at Karkhadi from 13th January, 2020 to 17th January, 2020
08:52 AM
Aramco deal, more asset sale crucial for making RIL net-debt free: Analysts
Mukesh Ambani’s plan to make Reliance Industries (RIL) net-debt free before March 2021 will hinge on completion of announced deals and some more initiatives, according to analysts. READ MORE
08:49 AM
Valuation discount brings more comfort to HCL Technologies' investors
A better-than-expected performance on revenue and margins in the December quarter as well as a guidance revision should help HCL Technologies report the best organic growth among large-cap peers in 2019-20 (FY20). READ MORE
08:43 AM
Stocks to watch: Info Edge, ZEEL, Havells, Polycab, IndiaMART, HDFC AMC
Here's a look at the top stocks that may trade actively in today's trading session -
Info Edge: The stock may hog the limelight as Zomato acquires Uber Eats. Info Edge has a stake in Zomato.
Earnings today: Zee Entertainment Enterprises (ZEEL), Polycab India, IndiaMART InterMESH, Havells, ICICI Prudential Life, and HDFC AMC are among 25 companies that are scheduled to release their quarterly results later in the day. READ MORE
08:40 AM
NEWS ALERT | Bank of Japan maintains 10-yr JGB yield target at around 0%
>> Maintains short-term interest rate target at -0.1 per cent
>> BoJ says, Japan's economy continue to expand at moderate rate as a trend
08:35 AM
Stock recommendation from Prabhudas Lilladher: Buy Dr Reddy's, GAIL
BUY DR. REDDY'S | CMP: Rs 3,059.60 | TARGET: Rs 3,350 | STOP LOSS: Rs 2,900
The stock has steadily and gradually been on the rise with positive indicators supporting the momentum and currently has given a breakout above the previous peak level of 3,000, indicating a positive bias for further more upside targets. With decent volume participation witnessed, we recommend a buy in this stock for an upside target of Rs 3,350 while keeping the stop loss of Rs 2,900. READ MORE
08:33 AM
Nifty outlook and top trading ideas by Jay Anand Thakkar of Anand Rathi
NIFTY: SELL | TGT: 11,990 | SL: 12,350
The Nifty closed deep in the negative territory on Tuesday and, as anticipated, has reversed well from the upper end of the rising wedge pattern, which is also a negative sign in the short term. The index has also provided a sell crossover on its hourly charts and with that, the index seems to have reversed the overall trend in the short term. READ MORE
08:31 AM
Bulk deals on BSE as on Monday
Click here for complete list
08:25 AM
Bulk deals on NSE as on Monday
Date Symbol Security Name Client Name Buy / Sell Quantity Traded Trade Price /
Wght. Avg.
Price
20-Jan-2020 ATULAUTO Atul Auto Limited ADITYA BIRLA SUN LIFE MUTUAL LTD BUY 1,90,000 251.50
20-Jan-2020 CONTI Continental Seed Chem Ltd MANISH KUMAR SELL 68,000 53.35
20-Jan-2020 DCI DC Infotech and Comun Ltd SMARTNET INFOTECH & SERVICES PVT LTD SELL 57,000 45.50
20-Jan-2020 GOODLUCK Goodluck India Limited MAXRICH GLOBAL STOCKS PRIVATE LIMITED BUY 52,963 60.38
20-Jan-2020 GOODLUCK Goodluck India Limited MAXRICH GLOBAL STOCKS PRIVATE LIMITED SELL 2,19,141 60.37Click here for the full list
08:19 AM
FII/FPI & DII trading activity on NSE, BSE and MSEI
08:13 AM
Rupee check
Source: Bloomberg
08:07 AM
Oil check
Oil prices rose on Tuesday after Libya declared force majeure on two major oilfields following a military blockade and protests escalated in Iraq, raising supply concerns.
Brent crude was trading up 11 cents, or 0.2 per cent, at $65.31 per barrel by 0101 GMT. US West Texas Intermediate crude futures were up 20 cents, or 0.3 per cent, at $58.74 a barrel.
Crude Oil
08:02 AM
Asian Markets check
07:58 AM
TRADE SET UP | SGX Nifty trades lower
07:29 AM
Good morning!
Welcome to the Business Standard live blog.
Catch all the live market updates here.
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