MARKET WRAP: Sensex down 208 pts, Nifty holds 12,100; metals, autos drag

Weakness in the Indian equities continued for the third straight day on Wednesday amid volatility in the global markets. Additionally, mixed December quarter results, too, kept investment sentiment at bay. 

The S&P BSE Sensex ended a volatile trading session at 41,115.38 level, down 208.43 points or 0.50 per cent on the back of cuts in bluechip companies like HDFC twins, ICICI Bank, Maruti Suzuk, and Kotak Mahindra Bank. At close, ONGC, NTPC, and Maruti Suzuki, down between 2 and 5 per cent, were the top drags on the Sensex, while Nestle India, TCS, and Infosys were the top gainers.

On the NSE, the Nifty50 settled just above the 12,100-mark at 12,106.90 level, down 62.95 points or 0.52 per cent. Sectorally, Nifty IT index settled in the green for the second straight say, up nearly a per cent on the NSE. On the downside, Nifty Metal and Private Bank indices closed 1.6 and 1 per cent lower, respectively.

The broader markets settled with marginal cuts on Wednesday, but outperformed the frontline indices for the second straight day. The S&P BSE mid-cap index erased 0.35 per cent to close at 15,529.91, while the S&P BSE small-cap index ended at 14,631.69 level, down 0.14 per cent.

GLOBAL MARKETS

Asian stock markets recovered ground on Wednesday as China’s response to a virus outbreak tempered some fears of a global pandemic, although Shanghai shares initially slipped amid worries about a hit to domestic demand and tourism. 

The MSCI index of Asia-Pacific shares outside Japan rose 0.71 per cent, recouping almost half Tuesday’s drop. Japan’s Nikkei, South Korea’s Kospi index and Hong Kong’s Hang Seng all rose by more than half a percentage point. Australia’s S&P/ASX 200 shrugged off worries to hit a fresh record high. E-mini S&P 500 futures rose 0.5 per cent and EUROSTOXX 50 futures advanced 0.4 per cent.

In Europe, the pan-European STOXX 600 was up 0.2 per cent.

(With inputs from Reuters)


3:43 PM IST

3:42 PM IST

3:41 PM IST >> The S&P BSE Sensex ended a volatile trading session at 41,115.38 level, down 208.43 points or 0.50 per cent on the back of cuts in bluechip companies like HDFC twins, ICICI Bank, Maruti Suzuk, and Kotak Mahindra Bank. >> On the NSE, the Nifty50 settled just above the 12,100-mark at 12,106.90 level, down 62.95 points or 0.52 per cent.

3:26 PM IST >> Plant comprises 10% of work

3:21 PM IST Profit before tax (PBT) of the company increased by 8.4 per cent to Rs 1,057.28 crore from 975.01 crore in the year-ago period.   Basic and diluted earnings per share (EPS) came in at Rs 7.97 against Rs 6.63 in the year-ago quarter. READ MORE

3:12 PM IST

3:07 PM IST >> Net profit at Rs 390 crore, up 47.5% YoY >> Gross Premium income at Rs 11,760, up 28.3% YoY

2:52 PM IST

2:47 PM IST Asian Paints on Wednesday reported a 20 per cent year-on-year (YoY) rise in its consolidated net profit of Rs 764.43 crore for the quarter ended December 31, 2019. Revenue from operations stood at Rs 5,420.28 crore, up around 3 per cent YoY. Total income grew 3.3 per cent YoY to Rs 5,490 crore. READ MORE

2:41 PM IST -- Cons revneue up 18.9% at Rs 1209 cr vs 1018.2 cr

2:36 PM IST A stable quarterly performance could be in the offing for private lender Axis Bank, which, according to analysts, could report up to 61 per cent year-on-year (YoY) jump in the net profit at Rs 2,705.4 crore for the December quarter of the current financial year (Q3FY20). Besides, steady credit growth and moderation in slippages could also be expected. READ MORE

2:32 PM IST -- Cons revenue at Rs 5420 cr   -- Decorative biz segment in India registers low double-digit volume growth -- EBITDA margin at 21.9%  

LIVE UPDATES

Sectoral trends at NSE at close


Sensex heatmap at close


Closing Bell

>> The S&P BSE Sensex ended a volatile trading session at 41,115.38 level, down 208.43 points or 0.50 per cent on the back of cuts in bluechip companies like HDFC twins, ICICI Bank, Maruti Suzuk, and Kotak Mahindra Bank.

>> On the NSE, the Nifty50 settled just above the 12,100-mark at 12,106.90 level, down 62.95 points or 0.52 per cent.

NEWS ALERT | JLR to cut jobs at UK Halewood plant: Reuters

>> Plant comprises 10% of work


Asian Paints Q3 net profit grows 20% YoY to Rs 764 crore; revenue rises 3%

Profit before tax (PBT) of the company increased by 8.4 per cent to Rs 1,057.28 crore from 975.01 crore in the year-ago period.
 
Basic and diluted earnings per share (EPS) came in at Rs 7.97 against Rs 6.63 in the year-ago quarter. READ MORE

NEWS ALERT | Cabinet approves closure of Hindustan Fluorocarbons


Earnings Alert | SBI Life Q3 results

>> Net profit at Rs 390 crore, up 47.5% YoY

>> Gross Premium income at Rs 11,760, up 28.3% YoY

Nifty sectoral indices at this hour


Asian Paints Q3 net profit grows 20% YoY to Rs 764.43 crore

Asian Paints on Wednesday reported a 20 per cent year-on-year (YoY) rise in its consolidated net profit of Rs 764.43 crore for the quarter ended December 31, 2019. Revenue from operations stood at Rs 5,420.28 crore, up around 3 per cent YoY. Total income grew 3.3 per cent YoY to Rs 5,490 crore. READ MORE

RESULT UPDATE:: Alembic Pharma Q3 consolidated net profit up 37.9% at Rs 234.2 cr vs 169.8 cr (YoY)

-- Cons revneue up 18.9% at Rs 1209 cr vs 1018.2 cr



Axis Bank Q3 preview: Commentary on employee churn, NPAs key monitorables

A stable quarterly performance could be in the offing for private lender Axis Bank, which, according to analysts, could report up to 61 per cent year-on-year (YoY) jump in the net profit at Rs 2,705.4 crore for the December quarter of the current financial year (Q3FY20). Besides, steady credit growth and moderation in slippages could also be expected. READ MORE

RESULT UPDATE:: Asian Paints Q3 consolidated net profit at Rs 780 crore

-- Cons revenue at Rs 5420 cr
 
-- Decorative biz segment in India registers low double-digit volume growth

-- EBITDA margin at 21.9%

 

Market check


L&T Q3 preview: Analysts see a cut in order inflow guidance for FY20

A significant slowdown in government orders, coupled with muted private capex, is likely to have hit order inflows for most engineering and capital goods companies, including industry heavyweight Larsen & Toubro (L&T), during the third quarter of the current financial year (Q3FY20). While a strong execution momentum is expected to continue for L&T in the heavy engineering, hydrocarbon and domestic infrastructure segment, a weak backlog in the international infrastructure segment could drag overall infra segment growth, say analysts. READ MORE

Larsen & Toubro trades lower ahead of Q3 results


Nifty Bank index at day's low


MARKET UPDATE:: Sensex extends fall, down 200 pts


STOCK WATCH:: ZEEL off day's lows


Contribution to S&P BSE Sensex's fall today


Coronavirus from China could hurt oil prices by $3 per barrel: Goldman

Goldman Sachs said a potential drop in oil demand from top energy consumer China due to the outbreak of a new coronavirus could hurt crude prices by about $3 per barrel, countering concerns about Middle East supply disruptions. The outbreak began in the central Chinese city of Wuhan in Hubei and has spread to the rest of the country, with 440 confirmed cases and nine deaths so far. It has also spread to the United States, Thailand, South Korea, Japan and Taiwan. READ MORE

Rupee check



STOCK ALERT | 0.3% equity exchanged in 2 block deals on NSE


Small-caps trade higher in a weak mkt; S&P BSE small-cap index up 0.14%


BROKERAGE RADAR | Sharekhan on L&T Tech Services

We believe LTTS is well placed to gain market share among global competitors on account of preferred engineering partner among clients, multi-domain expertise, strong accounts mining activities and leadership depth. Robust deal wins coupled with broad-based growth across verticals and healthy deal pipeline provides a good platform for a growth momentum in FY2021E. We retain our Positive view on LTTS and expect a 10-12% upside in the next 10-12 months.

BROKERAGE RADAR | Sharekhan on HDFC Bank

Even though management transition is an overhang and notwithstanding the off-colour results, we believe business quality and strength of franchise of HDFC Bank make it one of the best banks in terms of visibility and sustainability of business. We retain our Buy rating on the stock with unchanged price target (PT) of Rs. 1,510.

Market expects the Budget to focus on fiscal prudence, raising revenue

Over the past few quarters, gross domestic product (GDP) growth has slowed to a 26-quarter low of 4.5 per cent in quarter ended September 2019, with risks to the economy stemming from both domestic (risk aversion in the financial sector and corporate sectors and weak private capex cycle) and external fronts (uncertainty caused by US-China trade tensions). READ MORE

Stocks that hit 52-week low on BSE today

COMPANY PRICE(rs) 52 WK LOW CHG(rs) CHG(%)
HAVELLS INDIA 597.40 588.50 -19.50 -3.16
I O C L 114.45 113.30 -0.40 -0.35
OIL INDIA 139.45 138.60 -6.55 -4.49
RELIANCE CAPITAL 10.22 9.46 0.38 3.86
» More on 52 Week Low

Asian Markets check

Asian stock markets recovered ground on Wednesday as China’s response to a virus outbreak tempered some fears of a global pandemic, although Shanghai shares initially slipped amid worries about a hit to domestic demand and tourism. Worries about contagion, particularly as millions travel for Lunar New Year festivities, have knocked stocks from record peaks.

The MSCI index of Asia-Pacific shares outside Japan rose 0.71 per cent, recouping almost half Tuesday’s drop. Japan’s Nikkei, South Korea’s Kospi index and Hong Kong’s Hang Seng all rose by more than half a percentage point. Australia’s S&P/ASX 200 shrugged off worries to hit a fresh record high. E-mini S&P 500 futures rose 0.5 per cent and EUROSTOXX 50 futures advanced 0.4 per cent.

Coal imports data | Adani Power's Mundra plant imports in 2019 up 75% YoY at 17.35 mt: CNBC TV18

-- Coal imports by Indian utilities in 2019 up 21% YoY at 69.51 mt, highest in 4 years

NEWS ALERT | DFM Foods appoints Lagan Shastri as MD & CEO with immediate effect for 5 yrs: BSE filing

>> Also appointed as Additional Director till the next AGM

>> Informs, Mohit Jain, Director designated as Managing Director has resigned with effect from the end of 22" January, 2020. 

NEWS ALERT | ICICI Lombard gets regulatory nod to pilot 5 proposals under Sandbox project


Nestle India up 1%


Sector watch | IT companies trade higher in a weak market; NIIT Tech hits 52-week high


STOCK ALERT :: Spencer’s Retail has soared 37 per cent in two days after RK Damani picks up over 2 per cent stake


Nifty CPSE index slips 3%; IOCL, Oil India hit 52-week lows

Shares of Central Public Sector Enterprises (CPSEs) were under pressure with Nifty CPSE index falling 3 per cent on the National Stock Exchange (NSE) on Wednesday. Oil and Natural Gas Corporation (ONGC), Oil India and Coal India dipped more than 4 per cent in the intra-day trade. NTPC, Bharat Electronics, Power Finance Corporation (PFC), NBCC, NLC India and Indian Oil Corporation (IOCL) were down in the range of 1 per cent to 3 per cent on the NSE. READ MORE

BROKERAGE RADAR | Emkay Global Financial Services on Hindustan Zinc

The stock is trading at 5.8x Sep-21E EV/EBITDA estimates. We value the stock at 6x Sep21E EV/EBITDA with a target price of Rs 220. Given the expectation of oversupply of refined zinc countered by strong balance sheet of HZL, we believe the valuation appears reasonable. Key risk to our estimate is significant movement in LME from our assumptions.

BUZZING STOCK:: ICICI Pru Life up 3%


NEWS ALERT | India Ratings and Research pegs FY21 GDP growth at 5.5% YoY

>> Marginal improvement over the GDP growth of 5% estimated by National Statistical Office for FY20

>> Says, a strong policy push coupled with some heavy lifting by the government is required to revive the domestic demand cycle and catapult the economy back into a high growth phase.

FMCG recovery likely in 2020; Nielsen, CRISIL predict double-digit growth

According to Nielsen’s estimates, India’s Rs 4-trillion FMCG market is expected to grow by 10 per cent in calendar year 2020 (CY20). In the current quarter, it could grow by 8-9 per cent by value. This will be a significant improvement from the previous quarter, when the market grew by 6.6 per cent — the lowest in several years. READ MORE

Most active stocks by volume

COMPANY PRICE(rs) CHG(rs) CHG(%) VOLUME
RELIANCE POWER 2.08 -0.03 -1.42 28311528
VODAFONE IDEA 5.58 -0.34 -5.74 23850972
YES BANK 38.15 -0.20 -0.52 1286832
RAIN INDUSTRIES 121.50 0.35 0.29 1240755
DISH TV 13.91 0.49 3.65 1177772
» More on Most Active Volume

Havells India hits 52-week low on weak December quarter results

Shares of Havells India slipped 5 per cent to hit a 52-week low of Rs 589 on the BSE in Wednesday's early morning deals after the company reported a weak operational performance for the third quarter ended December 2019 (Q3FY20). The company’s standalone EBITDA (earnings before interest, tax, depreciation, and amortization) declined 8 per cent year on year (YoY) to Rs 267 crore. Net revenue was down 10 per cent YoY at Rs 2,269 crore during the quarter. READ MORE

NEWS ALERT | UP Cabinet approves increase in licence fee for country-made liquor by 10%: CNBC TV18

>> Increase in licence fee for beer by 15% & for foreign liquor by 20%. 

Alert: The decision was taken on Tuesday during a state cabinet meeting that gave its nod to the 2020-21 excise policy.
COMPANY NAME LATEST HIGH LOW CHG
(rs)
CHG(%) VALUE
(rs CR)
VOLUME
UNITED SPIRITS 585.00 600.00 576.50 8.40 1.46 26.14 446757
RADICO KHAITAN 363.70 367.45 356.00 -0.05 -0.01 0.94 25876
TILAKNAGAR INDS. 14.80 14.99 14.00 0.52 3.64 0.02 13500
JUBILANT INDS. 139.90 143.50 134.30 0.35 0.25 0.08 5411
PICCADILY AGRO 9.20 9.49 9.01 0.20 2.22 0.00 3527

NEWS ALERT | Zee Entertainment Concall

>> Management says, audit committee has initiated internal audit of related party transactions (RPT)

>> Promoter family will continue to have management seats

>> Expect ad revenue to revive from next quarter

>> Inventory days will reduce going forward

>> As discussed with Siti and Dish TV, dues will be recovered in 12-24 months

Polycab India share price up 4% as December quarter profit rises 14%

Shares of Polycab India Ltd (PIL) gained 4 per cent at Rs 1,129 on the BSE on Wednesday after the company's profit after tax (PAT) rose 14 per cent to Rs 221 crore during the quarter ended December 31, 2019. The company had clocked Rs 194 crore PAT in the corresponding quarter of the preceding fiscal Total income in the latest quarter stood at Rs 2,508 crore against Rs 2,049 crore in the same period last year. Total expenses were at Rs 2,217 crore compared to Rs 1,760 crore in October-December 2018-19. READ MORE

'Volfefe' index effect: Global derivative volumes hit a record in 2019

The combined futures and options (F&O) volume on all global exchanges hit a record high in 2019, a year punctuated by US President Donald Trump’s Twitter tantrums. According to industry body Futures Industry Association (FIA), the global exchange-traded derivatives markets rose 13.7 per cent to an all-time high of 34.5 billion contracts last year. READ MORE

BROKERAGE RADAR | ICICI Securities Just Dial

Management has managed costs well in a tough macroeconomic environment with EBIT margins in FY20 likely to be flattish YoY at ~22% despite meaningful deceleration in revenue growth relative to expectations. Cash generation continues to be robust in the model with net cash now being Rs15.36bn (40% of
market cap). We expect capital return policy to remain healthy. Maintain BUY. Improvement in traffic and/or collections will be the key stock catalyst.

BROKERAGE RADAR | ICICI Securities on Newgen Software Technologies

Newgen participates in the fast growing market of low code/no code BPM having strong capabilities as indicated by industry analyst recognitions and IP generated through patents and platforms. We expect revenues, EBIT and EPS to grow at a FY20-22 CAGR of 17%, 23% and 24% respectively. With increasing annuity profile
and improving balance sheet, we see the valuation as inexpensive at 14x FY21E EPS. Maintain BUY.

MARKET CHECK | JSPL trades at day's low


NEWS ALERT | Income Tax Dept conducts searches at UPL offices & premises: CNBC TV18


Asian Paints slips 1% ahead of Q3 nos; here's what brokerages expect

Analysts at KR Choksey see sales (revenue) growing 8.31 per cent year-on-year (YoY) to Rs 5,734 crore. Sequentially, the numbers are expected to rise 13.5 per cent. earnings before interest, tax, depreciation and amortisation (EBITDA) is estimated at Rs 1,159 crore, up 11.2 per cent YoY and 21.38 per cent QoQ while EBITDA margin is projected to rise 51 basis points (bps) YoY and 131 bps QoQ. READ MORE


Market check | Indices erase gains


IndiaMART InterMESH zooms 13%, hits new high on strong Q3 results

Shares of IndiaMART InterMESH zoomed 13 per cent to Rs 2,365 on the BSE on Wednesday after the company's consolidated net profit more-than-doubled in December quarter (Q3FY20) to Rs 62 crore. It had reported a profit of Rs 28 crore in the year-ago quarter. The company’s consolidated total revenue from operations grew 23 per cent year-on-year (YoY) to Rs 165 crore, primarily due to increase in number of paying subscribers as well as higher realization from existing customers. READ MORE


Zee Entertainment dips 4% as Q3 profit plunges on low ad revenue, high cost

For the quarter under review, the company posted a consolidated net profit of Rs 349.4 crore, as against profit of Rs 562.4 crore in the corresponding quarter of the previous fiscal. Operating revenue, meanwhile, came in at Rs 2,048.7 crore, down 5.5 per cent from Rs 2,166.8 crore in the year ago period. READ MORE

L&T Q3 preview: Analysts see a cut in order inflow guidance for FY20

A significant slowdown in government orders, coupled with muted private capex, is likely to have hit order inflows for most engineering and capital goods companies, including industry heavyweight Larsen & Toubro (L&T), during the third quarter of the current financial year (Q3FY20). While a strong execution momentum is expected to continue for L&T in the heavy engineering, hydrocarbon and domestic infrastructure segment, a weak backlog in the international infrastructure segment could drag overall infra segment growth, say analysts. READ MORE

MARKET UPDATE:: Sensex off day's high


Pharma stocks trade higher

COMPANY LATEST(rs) CHG(rs) CHG(%) VOLUME
DISHMAN CARBOGEN 76.40 0.30 0.39 80290
AUROBINDO PHARMA 504.10 11.05 2.24 33295
GRANULES INDIA 143.95 4.30 3.08 24688
SUN PHARMA.INDS. 451.55 4.20 0.94 8220
BIOCON 295.00 0.55 0.19 6403
» More

Bharti Airtel hits highest level since October 2007 on 100% FDI nod

Shares of Bharti Airtel were up 2 per cent to Rs 524 on the BSE on Wednesday after the Department of Telecom (DoT) approved raising foreign direct investment (FDI) in the company to 100 per cent from 49 per cent allowed earlier. The telecom services provider's stock was trading at its highest level since October 15, 2007. It touched its all-time high of Rs 527 on October 10, 2007. READ MORE

Vodafone Idea halts winning run, slips 5%


Tech stocks gain in early trade


AU Small Finance Bank hits new 52-week high ahead of Q3 nos


HDFC AMC trades in the green as profit jumps 45% YoY in Q3


Polycab India gains over 2% post Q3 nos

>>  Wires and cables maker Polycab (PIL) on Tuesday said its profit after tax (PAT) rose 14 per cent to Rs 221.4 crore during the quarter ended December 31, 2019, helped by higher income. 


Piramal Enterprises trades higher

>> The company's rights issue to raise over Rs 3,600 crore was fully subscribed on Tuesday.


Axis Bank trades higher ahead of Q3 nos today


Zee Entertainment slips a per cent post weak Q3 nos


Bharti Airtel hits 52-week high as govt approves 100% FDI


Sectoral trends at NSE during Opening trade


Top gainers and losers on S&P BSE Sensex during Opening trade


Market at Open


Market at Open


Credit risks to remain high in India's financial sector in 2020, says S&P

India will go through a tug of war on the economy, resolution of bad loans, and health of non-banking financing companies (NBFC). Private-sector banks and top-tier public sector banks with better franchises, profitability, and capitalisation are likely to increase their market share, S&P said in reports on banks in 15 emerging markets. READ MORE

Top gainers and losers on S&P BSE Sensex during Pre-open


Market at Pre-open


Market at Pre-open


Rupee opening

Rupee opens higher at 71.13/$ vs Tuesday's close of 71.20 against the US dollar

AGR dues: DoT talks tough on deadline, telecom companies sit on the fence

This comes even as the apex court on Tuesday agreed to list the “modification petition” filed by Bharti Airtel, Vodafone Idea and Tata Group for “sometime next week”. The firms have sought a change to the 90-day deadline for payment of Rs 1.47 trillion worth of AGR dues, and permission to engage with the DoT on the terms and timing of payment. READ MORE

Planning to buy FAANG stocks? Cube Wealth, Vested make your job easier

Would you buy an iPhone for Rs 1 lakh or invest in the stock of Apple? If you think the former is easily possible but the latter isn’t because you are in India, think again. You can now buy stocks like Facebook, Apple, Amazon, Netflix and Alphabet (FAANG) right here in India, that too using your mobile phone. READ MORE


NEWS ALERT | Markets to function as usual on Feb 1 (Saturday) for Budget 2020: Exchanges

Stocks to watch

Bharti Airtel: The Department of Telecom (DoT) has approved raising of foreign direct investment in Bharti Airtel to 100 per cent from 49 per cent allowed earlier, a stock exchange filing of the company said on Tuesday. 
 
L&T: A significant slowdown in government orders, coupled with muted private capex, is likely to have hit order inflows for most engineering and capital goods companies, including industry heavyweight Larsen & Toubro (L&T), during the third quarter of the current financial year (Q3FY20). READ MORE

Two stocks that Vaishali Parekh of Prabhudas Lilladher is bullish on

BUY GIC HSG FIN | CMP: Rs 160.85 | TARGET: Rs 188 | STOP LOSS: Rs 151
 
The stock has been in consolidation for quite some time at around 155 levels and currently has indicated a positive bullish candle with huge volume participation, implying strength and potential for further upside move. With the RSI also showing a trend reversal the bias has turned positive and with the chart looking good, we suggest to buy and accumulate this stock for an upside target of Rs 188 keeping the stop loss at Rs 151. READ MORE

Weekly stock picks by Religare Broking: Buy Aurobindo Pharma, Ramco Cements

Buy Aurobindo Pharma Limited
 
Last Close: Rs 493.20
 
Initiation range: Rs 490-494
 
Target: Rs 535
 
Stop loss: Rs 474
 
Most pharma counters are showing signs of reversal and fresh buying interest after prolong underperformance. AUROPHARMA, too, has witnessed a breakout from a consolidation range of late and surpassed the resistance zone of 100 EMA on the daily chart on January 21. The chart pattern and confirmation indicators are clearly pointing towards a steady rise from hereon. We advise accumulating in the given range. READ MORE

Technical calls from HDFC Securities

Remain Cautious till Nifty trades below 12,350; mid,small-caps to outperform
 
Nifty formed bearish engulfing pattern on January 20, 2020 and saw a follow-up selling in the next session. Support for the Nifty is seen around 12,100 odd levels. Traders should remain cautious unless the index surpasses 12,350 resistance. However, Midcap and Small cap stocks are expected to continue their outperformance. READ MORE

Bulk deals on BSE as on Tuesday

Bulk deals on NSE as on Tuesday

Date Symbol Security Name Client Name Buy / Sell Quantity Traded Trade Price /
Wght. Avg.
Price
Remarks
21-Jan-2020 CALSOFT California Soft Ltd. MAHADEVAN N BUY 61,879 13.30 -
21-Jan-2020 CALSOFT California Soft Ltd. MAHADEVAN N SELL 67,300 13.09 -
21-Jan-2020 CONTI Continental Seed Chem Ltd KAUSHALYA GARG SELL 32,000 56.00 -
21-Jan-2020 CONTI Continental Seed Chem Ltd MANISH KUMAR BUY 20,000 55.62 -
21-Jan-2020 CONTI Continental Seed Chem Ltd MANISH KUMAR SELL 96,000 56.00 -
Click here for the full list

FII/FPI & DII trading activity on NSE, BSE and MSEI


Rupee check


Oil check

Oil prices edged lower on Wednesday, extending the previous session’s drops, as investors continue to shrug aside the impact of almost all of Libya’s crude production being off-line amid plentiful supplies elsewhere. Brent crude was down 13 cents, or 0.2 per cent, at $64.46 a barrel at 0119 GMT, after dropping 0.3 per cent on Tuesday. U.S. oil fell 16 cents, or 0.3 per cent, to $58.22 a barrel, having declined 0.3 per cent the day before.
(Source: Reuters) 

SGX Nifty


Asian Markets check


US Markets check

(Source: Reuters)
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