Friday, January 10, 2025 | 12:02 PM ISTEN Hindi

MARKETS: Indices gain on US-Iran truce, Sensex up 635 pts, Nifty at 12,215

All that happened in the markets today

SI Reporter New Delhi

8:48 AM

Stocks to watch: Bharti Airtel, GMR Infra, Adani Green, Alembic Pharma, SBI

Here's a look at the top stocks that may remain in focus today -

Bharti Airtel has begun marketing its $2-billion (Rs 14,350 crore) equity issuance to institutional investors on Wednesday to pay the AGR (adjusted gross revenues) dues to the central government within the January 23 deadline set by the Supreme Court

Alembic Pharma: Drug firm Alembic Pharmaceuticals on Wednesday said its joint venture firm Aleor Dermaceuticals has successfully completed the inspection of Karakhadi facility in Gujarat by the US health regulator. Aleor Dermaceuticals is a 60:40 Joint Venture (JV) between Alembic Pharmaceuticals and Orbicular Pharmaceutical Technologies, the company said in a BSE filing. READ MORE

8:42 AM

Owing to weak demand, near-term pressures to remain for Mahindra CIE

Auto component maker Mahindra CIE was the worst-performing stock among the larger auto component companies in calendar year 2019 (CY19). The stock, which shed 34 per cent in CY19, has been underperforming its peers on the back of weak demand from automakers in its key markets of India and the European Union (EU), internal restructuring, and integration of acquired entities. READ MORE

8:37 AM

Large-caps expensive compared to long-term averages, says Mihir Vora

While liquidity has been countering the slowdown so far, growth needs to catch up, says Mihir Vora, director & chief investment officer, Max Life Insurance. In an interview with Business Standard, he says relative valuations of mid-caps versus large-caps are looking comfortable even though earnings growth remains evasive. READ INTERVIEW HERE

Mihir Vora, Max Life

8:32 AM

Top trading ideas by Prabhudas Lilladher: Buy Bajaj Auto, IGL

BUY IGL | CMP: Rs 417.85 | TARGET: Rs 450 | STOP LOSS: Rs 400

The stock has taken support near 410 levels and made a higher bottom pattern on the daily charts that imply strength and potential to rise further in the coming days. The RSI has indicated a trend reversal from the oversold zone and signaled a buy coupled with good volume participation witnessed. We suggest to buy and accumulate the stock for an upside target of Rs 450 keeping the stop loss near 400 levels. READ MORE

8:29 AM

Bulk deals on BSE as on Wednesday

Click here for complete list

8:27 AM

Bulk deals on NSE as on Wednesday

Click here for complete list

8:25 AM

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

8:23 AM

Rupee check

Source: Bloomberg

8:22 AM

Oil check

Oil prices rose on Thursday, recouping some of the heavy losses from the previous session as the market rebalanced after Washington and Tehran looked to defuse a potential Middle East crisis.

Prices had soared in response to the killing of an Iranian general in an American air strike last week and Iran’s retaliatory attack on US forces in Iraq on Wednesday, before diving more than 4 per cent when two countries quickly ratcheted back tensions, hitting a three-week low.

Brent crude futures rose 55 cents, or 0.8 per cent, to $65.99 a barrel by 0109 GMT after tumbling 4.1 per cent on Wednesday. They are now a little down on prices before the killing of Iranian military commander Qassem Soleimani that sparked the crisis.

US oil added 61 cents, or 1 per cent, to $60.22 after falling nearly 5 per cent in the previous session.