Saturday, December 21, 2024 | 03:37 AM ISTEN Hindi

F&O expiry: Mkts end flat after a choppy session; Nifty settles at 10,289

All that happened in the markets today

SI Reporter New Delhi

Traders monitor BSE index at a brokerage firm, as the Sensex goes down, in Mumbai | PTI

ITC (up around 5.5 per cent) was the top gainer on the Sensex. (Photo: PTI)

8:49 AM

BROKERAGE VIEW :: Morgan Stanley on Bharti Infratel

Maintains 'Underweight', Target price: Rs 175

>> Extension of long-stop date for Indus Tower merger not a surprise

>> Quite clear that company would like to have clear view on AGR

8:46 AM

BROKERAGE VIEW :: Morgan Stanley on ICICI Bank

Maintains 'Overweight', Target price: Rs 475

>> Amount of capital raise ($3 bn) in media reports appears high.

>> We await clarity from management on capital raising plan

>> In our view, bank doesn’t need to raise capital for potential NPAs

>> Stock reaction will depend on how it articulates growth potential

8:44 AM

BROKERAGE VIEW :: Jefferies on ICICI Bank

Maintains 'Buy', Target price: Rs 460

>> Capital raise can dilute near-term RoEs, but will beef up capital position

>> Capital raise may enable it to look at portfolio acquisition, other M&As

(View on media reports that ICICI Bank is looking to sell shares to raise capital)

8:39 AM

Nifty outlook & stock calls by CapitalVia Global Research

As per monthly option data, handful of call writing on higher strikes ranging from 10,400 to 10,600 is seen which shows Nifty might witness resistance in subzone of 10,500. This might act as resistance as maximum call OI is placed here after 10,500. But Nifty is likely to take support at 10,300 as maximum put OI stands here after 10,000. We might witness strength only if Nifty breaks level of 10,500. Therefore, traders should try to create short position keeping close eye on 10,500, as it might act as a resistance for this monthly expiry. READ MORE

8:34 AM

Fuel price update :: Diesel crosses Rs 80-mark in Delhi for first time; petrol up by 16 paise

The price of diesel continued to be higher in the city for a second straight day on Thursday. This was for as 19th day in a row that fuel prices saw no downward trend in India. In Mumbai, the price of petrol touched Rs 86.7 a litre and diesel went up to Rs 78.34 a litre. In Kolkata, the prices were at Rs 81.61 a litre and Rs 75.18 a litre, respectively. During the time of lockdown, oil marketing companies did not revise the prices for 83 days in a row and started revising it upward only from June 8 onwards. READ MORE