MARKET WRAP: Benchmarks flat, mid-caps rally; RIL up 3% ahead of Q3 nos

All that happened in the markets today

11:57 AM

NEWS ALERT | Adani, Azure Power winners in solar manufacturing-linked bids: Bloomberg

>> Adani to build 6 GW generation capacity, 1.5 GW manufacturing capacity in solar bids won, Renewable Energy Secy says

11:48 AM

Q3 result preview :: Here's what brokerages expect in TCS' Oct-Dec numbers

Information technology (IT) bellwether Tata Consultancy Services (TCS) is likely to have put up a muted show in the third quarter of the 2019-20 financial year, the financial result for which it will announce today. The company witnessed higher furloughs during the December quarter than in the corresponding quarter of FY19, especially in the Banking and Financial Services (BFS) vertical. READ MORE

11:39 AM

MARKET UPDATE:: Indices volatile, Sensex pares gains

11:30 AM

NEWS ALERT | NCLT approves merger between Strides Chemicals & Solara Active Pharma: BSE Filing

>> Co to soon notify effective date of merger

11:22 AM

HCL Technologies trades flat ahead of Q3 nos; here's what analysts expect

For the quarter under review, analysts at Centrum Broking expect the company to deliver 1.8 per cent constant currency (CC) revenue growth. Conversion of IBM IP revenues and capital allocation (increase in payout ratio) remains key metrics to watch in the results announcement. The brokerage further says HCL Tech is likely to retain constant currency revenue growth guidance of 15 per cent - 17 per cent for FY20E. READ MORE

11:14 AM

BSE Midcap index hits 52-week high; Berger Paints, IGL scale record highs

The S&P BSE Mid-cap index hit a 52-week high of 15,677 points on Friday, surpassing its previous high of 15,662 hit in April 3 last year, on the back of strong rally in Adani, Tata Group, financials, pharmaceuticals and consumer discretionary goods & services stocks. READ MORE

11:13 AM

BSE Midcap index hits 52-week high; Berger Paints, IGL scale record highs

The S&P BSE Mid-cap index hit a 52-week high of 15,677 points on Friday, surpassing its previous high of 15,662 hit in April 3 last year, on the back of strong rally in Adani, Tata Group, financials, pharmaceuticals and consumer discretionary goods & services stocks. Adani Transmission, Adani Power and Adani Enterprises from the Adani Group, while Tata Global Beverages and Tata Chemicals from the Tata Group have rallied more than 25 per cent from their respective April 3, 2019 levels. READ MORE

10:53 AM

Stock up: Google-parent Alphabet joins $1 trillion valuation club

As Google-parent Alphabet Inc became on Thursday the fourth U.S. company to top a market value of more than $1 trillion, some funds holding its shares are wondering whether now is the time to cash in on the stock's extraordinary gains. Shares of the Internet search giant are up nearly 17% over the last three months, outpacing a broader rally in the S&P 500 index over the same period by 6 percentage points. READ MORE

10:47 AM

MARKET UPDATE:: Sensex hits record high of 42,063.93

10:44 AM

NEWS ALERT | Govt open to hearing wireless carriers’ suggestions to help ease payment of $13 billion in overdue fees: Bloomberg

>> Govt may strip out interest fee or allow payment in tranches

>> Independent panel may suggest recommendations, provided companies agree to pay immediately. 

10:32 AM

Vodafone Idea tanks 39%, banks slip up to 8% as SC rejects AGR review plea

Shares of telecom companies, including Bharti Airtel and Vodafone Idea and banking firms such as IndusInd bank and Yes Bank, were trading actively at the bourses on Friday after the Supreme Court Thursday rejected the review petitions moved by Bharti Airtel, Vodafone Idea and Tata Teleservices against its October 2019 order on payment of dues linked to adjusted gross revenue (AGR). With this, the telcos will have to together pay an estimated Rs 1.47 trillion in AGR dues that include penalties and interest on penalties by January 23. READ MORE

10:14 AM

Rallis India soars 15%, hits 52-wk high on robust December quarter results

Shares of Rallis India soared 15 per cent to Rs 222, also its 52-week high, on the BSE on Friday, after company’s profit before tax, before exceptional items, more-than-doubled at Rs 48 crore in December quarter (Q3FY20). The Tata Group agrochemicals company had PBT of Rs 20 crore in same quarter last fiscal. The company recorded consolidated revenues of Rs 534 crore for Q3FY20, a growth of 28 per cent over previous year's quarter of Rs 417 crore. READ MORE

10:04 AM

MARKET CHECK:: Sensex reverses losses

9:57 AM

Most active stocks by volume

COMPANY	PRICE(rs)	CHG(rs)	CHG(%)	VOLUME
VODAFONE IDEA	4.36	-1.67	-27.69	20255742
EDELWEISS.FIN.	103.55	0.00	0.00	2529331
YES BANK	38.50	-1.45	-3.63	1745389
JAI CORP	119.05	3.05	2.63	611403
RELIANCE POWER	2.33	-0.12	-4.90	567484

9:53 AM

YES Bank dips 3% as Moody's places Co's long-term foreign currency rating under review