Benchmark indices ended with marginal cuts on the last day of the June Futures & Options (F&O) series in Thursday's volatile session.
The benchmark S&P BSE Sensex was little changed from its previous day's close, up 6 points to 39,586, with Tech Mahindra, HCL Tech, Reliance Industries, ITC, and Infosys the biggest BSE losers. The broader Nifty50 index also dipped 6 points to 11,842. The market breadth, however, was tilted in favour of buyers. About 1,014 stocks advanced and 743 declined on the NSE.
The Nifty sectoral indices traded mixed on Thursday. Nifty Realty and Nifty Auto gained the most 1.9 and 1.1 per cent, respectively, while Nifty IT took the deepest cut, down 0.68 per cent.
The broader market fared better. The S&P BSE MidCap index settled 54 points, or 0.36 per cent, higher at 14,853, while the S&P BSE SmallCap climbed 75 points, or 0.5 per cent, to 14,249.
BUZZING STOCKS
Shares of CreditAccess Grameen (CAGL) has surged 8 per cent to Rs 562 on the BSE on Thursday in early morning trade after the company completed a direct assignment of Rs 139 crore on June 26. By the day's end, the stock settled 0.18 per cent higher at Rs 521.10.READ MORE
Shares of Cox & Kings were locked in lower circuit for the second straight day, down 10 per cent at Rs 40 after Brickwork Ratings downgraded credit rating of the company's non convertible debenture issue which highlighted delays in debt reduction and increase in receivables. READ MORE
State Bank of India (SBI) shares rose 1.1 per cent higher at Rs 362.05 on the BSE, after the state-owned lender said its board will consider raising capital additional tier-1 capital. READ MORE
4:01 PM IST
COMPANY
PRICE(rs)
52 WK LOW
CHG(rs)
CHG(%)
CENTRUM CAPITAL
26.00
25.45
-0.20
-0.76
GLAXOSMI. PHARMA
1219.85
1215.00
-1.60
-0.13
GLENMARK PHARMA.
449.20
446.80
-4.10
-0.90
INDIABULLS INTEG
186.10
170.10
8.85
4.99
LA OPALA RG
190.85
181.00
9.15
5.04
» More on 52 Week Low
4:01 PM IST
COMPANY
PRICE(rs)
52 WK HIGH
CHG(rs)
CHG(%)
A B B
1593.00
1639.70
-10.60
-0.66
ABBOTT INDIA
8904.00
8975.00
106.40
1.21
BAJAJ FIN.
3647.00
3660.00
19.40
0.53
BAJAJ FINSERV
8430.70
8470.40
19.35
0.23
CITY UNION BANK
215.10
220.25
-1.05
-0.49
» More on 52 Week High
4:00 PM IST
COMPANY
PRICE(rs)
CHG(rs)
CHG(%)
VOLUME
RELIANCE POWER
4.37
-0.08
-1.80
21115546
SUZLON ENERGY
5.60
-0.32
-5.41
13944268
RELIANCE INFRA.
59.40
-1.55
-2.54
9816318
I D F C
34.40
-0.95
-2.69
8168188
PC JEWELLER
44.90
-2.85
-5.97
7758889
» More on Most Active Volume
4:00 PM IST
3:59 PM IST
3:58 PM IST
3:37 PM IST The S&P BSE Sensex ended at 39,586, down 6 points while the broader Nifty50 index settled at 11,842, down 6 points.
3:24 PM IST
COMPANY
PRICE(rs)
CHG(rs)
CHG(%)
VOLUME
IFCI
9.80
-0.77
-7.28
4743513
JAIN IRRIGATION
27.35
-1.80
-6.17
3164594
PC JEWELLER
45.10
-2.65
-5.55
5111366
WOCKHARDT
376.80
-22.15
-5.55
317635
ORIENTAL BANK
95.30
-5.15
-5.13
787565
» More on Top Losers
3:09 PM IST
3:03 PM IST
Within 10 months of starting wealth management business WGC Wealth, Wadhawans, promoters of DHFL, have exited venture by selling stake to employees. It is renamed as Validus Wealth, post the transaction. In a separate transaction, LGT group, global private banking and asset management firm, has acquired substantial majority stake in the Validus Wealth, the company said in a statement. It, however, did not disclose financial details and ownership details for both deals. READ MORE
DHFL promoters sell stake in wealth management business to employees
Within 10 months of starting wealth management business WGC Wealth, Wadhawans, promoters of DHFL, have exited venture by selling stake to employees. It is renamed as Validus Wealth, post the transaction. In a separate transaction, LGT group, global private banking and asset management firm, has acquired substantial majority stake in the Validus Wealth, the company said in a statement. It, however, did not disclose financial details and ownership details for both deals. READ MORE
After sharp run in realty stocks, analysts say it's time to be selective
For a sector that was shunned by investors in 2018, the recovery in the real estate stocks the first half of calendar year 2019 (H1CY19) has been quite sharp and swift. This is despite the liquidity issues and the fact that most players in the segment have been saddled with huge inventory since the past few years owing to tepid demand. At the broad index level, the Nifty Realty has outperformed the Nifty 50 with a rise of nearly 20 per cent thus far in H1CY19, as compared to 9 per cent up move in the frontline benchmark. READ MORE
Titan Company at record high
Govt sources refute Trump's claim, says India's tariffs are not that high
India's tariffs are not that high compared to other developing countries, government sources told Reuters on Thursday, reacting to United States President Donald Trump's call to withdraw what he said were very high tariffs. Earlier Trump tweeted that he looked forward to meeting Indian Prime Minister Narendra Modi at the G20 summit in Japan, but said that for years India had put "very high tariffs against the United States". Adding: "This is unacceptable and the tariffs must be withdrawn!" READ MORE
India's monsoon rains 24% below-average in the week ended June 26: IMD
India's monsoon rains were 24% below average in the week ended June 26, the weather office said on Thursday, as the seasonal rainfall was scanty over central and western parts of the country. The rains are crucial for farm output and economic growth as about 55% of the south Asian nation's arable land is rain-fed, and the farm sector makes up about 15% of a nearly $2.5-trillion economy that is Asia's third-biggest. READ MORE
Real estate shares in focus; Godrej Properties hits record high
Shares of real estate companies were in focus with Nifty Realty index gaining more than 2 per cent on Thursday, on improved outlook especially for developers with large focus on commercial real estate. Godrej Properties, Prestige Estates, Oberoi Realty, Indiabulls Real Estate and Sunteck Realty were up 2 per cent to 6 per cent on the National Stock Exchange (NSE). READ MORE
SBI nears record high on fundraising plan; stock rises 7% in six days
State Bank of India (SBI) shares were trading 1 per cent higher at Rs 362 on the BSE, after the state-owned lender said its board will consider raising capital additional tier-1 capital. The stock was trading close to its all-time high of Rs 364 touched on May 23, 2019 in intra-day trade. The meeting of the bank's central board is scheduled to be held on Monday, July 1, to consider raising capital via Basel-III compliant debt instruments during the financial year 2020. READ MORE
Tariff hike is unacceptable, must be withdrawn: Donald Trump to India
US President Donald Trump on Thursday asked India to withdraw retaliatory tariffs that New Delhi imposed this month, calling the duties "unacceptable".
India slapped higher tariffs on 28 US products following Washington's withdrawal this month of key trade privileges for New Delhi. READ MORE
NEWS ALERT | Power Ministry working towards reviving gas-based power projects: sources to CNBC TV18
- Power Ministry preparing a cabinet note for the same
- Ministry feels current market price favours power projects
- May seek 50% discount on pipeline charges from GAIL
- May seek VAT waiver from states
Cox & Kings hits lower circuit for 2nd straight day, tanks 57% in a month
Shares of Cox & Kings were locked in lower circuit for the second straight day, down 10 per cent at Rs 40 after Brickwork Ratings downgraded credit rating of the company's non convertible debenture issue which highlighted delays in debt reduction and increase in receivables. The rating agency retained its commercial paper rating. READ MORE
Fund raising via IPOs in first half of 2019 at four-year low
In H1CY19, eight companies, including the recent offering by IndiaMART Intermesh, raised a cumulative Rs 5,509 crore through IPOs. This is the lowest amount raised in the last four years, the last low being in 2015, when an equal number of companies had raised Rs 3,849 crore via the IPO route. On a corresponding period basis, as many as 18 companies had mobilised Rs 23,452 crore from the primarily market. READ MORE
Sensex gains over 100 pts
CreditAccess gains 8% on completion of direct assignment of Rs 139 crore
Shares of CreditAccess Grameen (CAGL) has surged 8 per cent to Rs 562 on the BSE on Thursday in early morning trade after the company completed a direct assignment of Rs 139 crore on June 26. However, on the National Stock Exchange (NSE), the stock rallied 15 per cent to Rs 599, also its all-time high, in early morning trade. READ MORE
- Scrip trading 32% lower this week, and 56% lower this month
Nifty Pharma index slips in trade
Cox & King locked in 10% lower circuit, hits 52-week low
Bharti Infratel gains over 2%
CreditAccess Grameen hits 52-week high
- Company completed a direct assignment of Rs 138.89 crore on June 26, 2019
- Stock zooms nearly 15% intra-day
Sadhana Nitrochem zooms 5%
- National Company Law Tribunal approved the scheme of merger by absorption of Strix Wireless Private Limited with Sadhana Nitro Chem Limited.
Bharat Petroleum rises over 1%
Metals under pressure, BSE Metal index down 0.22%
Broader markets outperforming benchmark indices
Coffee Day Enterprises rises over 4% after reports say Coca Cola is looking at stake pick
G20 Summit | High tariffs by India against the US unacceptable: Donald Trump
I look forward to speaking with Prime Minister Modi about the fact that India, for years having put very high Tariffs against the United States, just recently increased the Tariffs even further. This is unacceptable and the Tariffs must be withdrawn!
MARKETS ALERT | 0.1% equity exchanged on Motherson Sumi at Rs 119/sh
MARKETS ALERT | 0.3% equity exchanged on Shriram Transport at Rs 1100/sh
Mindtree slips over 1%
Cox & Kings continues down-slide, slips nearly 7%
Greaves Cotton rises 1.5%
Sunteck Realty trades 1.6% higher
- Co said it was gearing to create a portfolio of commercial and retail properties with an investment of Rs 5,000 crore over the next four years.
Sectoral trends on NSE
Top gainers and losers on S&P BSE Sensex
Market at open
Market at open
NEWS ALERT | Govt keen on reducing stake below 51% in PSBs
- Valuation, role of bank unions, change in Bank Nationalisation Act are hurdles in the process
Top gainers and losers on S&P BSE Sensex during Pre-open trade
Market at pre-open
Rupee opening
Rupee opens lower at 69.26/$ vs Wednesday's close of 69.15 against US dollar
Market at pre-open
Stocks to watch: Coffee Day Enterprises, Cox & Kings, Mindtree, SBI
Here's a list of some of the companies whose shares are expected to trade actively in today's session -
Coffee Day Enterprises: Coca-Cola, has begun preliminary talks for a substantial stake buy in Cafe Coffee Day. The discussion with the Bengaluru-based company is being led by the Atlanta office of the beverage major, as per this Business Standard report.
Sunteck Realty: The Mumbai-based luxury real estate company said it was gearing to create a portfolio of commercial and retail properties with an investment of Rs 5,000 crore over the next four years. READ MORE
India adds 5 mn investors in 1 yr, internet helps small cities put in money
India added as many investors over the past year as nearly the entire population of Singapore. The data from the BSE, Asia’s oldest stock exchange, shows that 4.9 million investors were added over the past year. In 2018, Singapore’s population was 5.6 million. The total number of investors tracked by the exchange rose 13.71 per cent to 41.4 million. READ MORE
Nifty nears record highs, but just 15 stocks bringing in value: Expert
A comparison of the price-to-earnings (P/E) or price-to-book (P/B) multiples of all the Nifty stocks throws up the list of stocks that are being favoured and neglected. Stocks like Bajaj Finance, RIL and Titan are trading at a substantial premium to their average five-year P/E or P/B, while Sun Pharma, Zee Entertainment and Indiabulls Housing are quoting at a huge discount. “Investors are taking continued refuge in the quality and earnings predictability theme in an environment of economic slowdown; and there is a lack of pick-up in broader market’s earnings growth,” says the brokerage. READ MORE
NEWS ALERT | Centre to provide recapitalisation funds as per need and merit: CNBC TV18
NEWS ALERT | Bitcoin surges 16% overnight to $13000
- The cryptocurrency is at its highest level since January 2018
- Bitcoin is up 50% in June, record $33billion trading volume in past 24 hours across exchanges
NEWS ALERT | Govt considering creation of Financial Sector Exchange Traded Fund : CNBC TV18
Market outlook | Sahaj Agrawal, Head of Derivatives, Kotak Securities
Structural trend for the broader market remains extremely positive. For the near term sustain above 11,800 is expected to push the index towards 12,200.
We expect private banking to outperform. Strong bounce back is expected in Auto and Metal stocks.
American investments worth trillions waiting for India, says Pompeo
Addressing a gathering of diplomats and other eminent guests in the evening after his meetings with Prime Minister Narendra Modi and External Affairs Minister S Jaishankar earlier in the day, Pompeo said, “one million Indian youth enter the job market, every month. There are trillions of dollars worth of American investments, sitting on the sidelines waiting to be put to work in the Indo-Pacific region.” Currently, the US is the 6th largest source of historical equity investments into India. READ MORE
Tipping point: Gold prices are on the rise; should you invest?
Gold crossed the psychologically crucial barrier of $1,400 per ounce mark in the international markets recently. One factor responsible for the upsurge in its price is the escalation in geopolitical tensions due to Iran shooting down an American drone. The other factor is trade tensions between the US and its trading partners, especially China, that shows no sign of getting amicably resolved. READ MORE
Derivatives Strategies: Nifty support range from 11,600-11,700
The market trended sideways in a week when global tension remained high. The India-US trade war might see some resolution if talks with US Secretary of State Mike Pompeo are fruitful. But US-China trade tension continue and so do US-Iran tension. Worries over Brexit continue to persist. READ MORE
Today's picks: From Britannia to Tata, hot stocks to watch on Thursday
Nifty
Current: 11,847 (fut: 11,862),
Target: NA
Stop-long positions at 11,775. Stop-short positions at 11,935. Big moves could go till 12,000, 11,725. A long 11,800p (13), long 11,900c (17) has breakevens at 11,770, 11,930. READ MORE
Stock calls by Tradebulls Securities
COAL INDIA
Reco: BUY
CMP : 260.30
It is bouncing post 50 week EMA acting as support for 4 consecutive weeks. “Bullish Engulfing” followed by daily RSI surpassing its signal line suggests bullish momentum to kick in. On the hourly scale, the stock is consolidating in the range of Rs 253 - Rs 263 while underlying bullish strength building up for a larger move targeting its recent swing high of Rs 272 and Rs 276 gap resistance. READ MORE
FII/FPI & DII trading activity on NSE, BSE and MSEI
Rupee check
The Indian rupee Wednesday advanced by 21 paise to close at 69.15 against the US currency in line with uptrend in domestic equities. At the interbank foreign exchange market, the rupee opened at 69.40 a dollar and advanced to a high of 69.07 during the day. It finally settled at 69.15, up 21 paise against its previous close of 69.36.
Oil check
At 7:55 am, Brent Crude Futures were trading at $65.45 per barrel.
SGX Nifty
At 7:53 am, SGX Nifty was trading 5 points higher at 11,874 levels.
Asian Markets check
US Market check
Good morning! Welcome to Business Standard's live market blog.