MARKET WRAP: Indices gain for 2nd day, Sensex rises 350 pts; HUL surges 5%

All that happened in markets today

9:10 AM

NEWS ALERT | Indian Railway Finance Corporation (IRFC) IPO likely in current fiscal: CNBC TV18

-- Govt and IRFC may look at offloading 15% equity via listing

-- Govt may raise Rs 1,500 cr via IRFC listing

 

9:04 AM

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

9:03 AM

Market at Pre-open

9:03 AM

Market at Pre-open

9:03 AM

Rupee opening

Rupee opens stronger at 71.23/$ vs Tuesday's close of 71.28 against the US dollar.

8:56 AM

IRFC likely to decide on issue of retail bonds following IPO response

Spurred by the huge response to its $1 billion overseas bond issue, Indian Railways Finance Corporation (IRFC) expects investors to lap up its initial public offering (IPO) in the coming days. A date for the public offering is yet to be set. But according to media reports, the IPO could be floated around mid-March. READ MORE

8:45 AM

Stocks to watch: Coal India, SBI, IndusInd Bank, IRCTC, Hindalco, BHEL

Here's a list of stocks that may trade actively in today's trading session -

 

Coal India on Tuesday reported a 14-per cent year-on-year (YoY) decline in consolidated net profit for the December quarter at Rs 3,921.8 crore.

 

IndusInd Bank: Ratings agency Moody's Investors Service revised down its outlook on IndusInd Bank to 'negative' from 'stable' on Tuesday. The private sector bank's rating has been affirmed at the earlier one of 'Baa-3/P-3', the agency said in a note. READ MORE

8:40 AM

Moody's cuts IndusInd Bank's outlook to negative over asset deterioration

Moody’s has revised the outlook on IndusInd Bank’s instrument to “negative” from “stable”. This is to account for the risk of further asset quality deterioration. However, it affirmed ratings on foreign and domestic currency deposits, on the back of a strong capital base. READ MORE

8:35 AM

Tax sops may turn depository receipts more attractive for foreign investors

Depository receipts (DRs), American or global, may become more attractive to foreign investors that invest directly in Indian equities, with the Budget widening the tax arbitrage. The tax rate for dividends in the hands of foreign portfolio investors (FPIs) is now 20 per cent, in addition to surcharge and cess. READ MORE

8:30 AM

Muted outlook, margin pressures may dent Motherson Sumi's prospects

The Motherson Sumi stock is likely to remain under pressure on the back of a weak performance in India, margin pressures, and a muted near-term outlook. The stock has shed over 16 per cent since the start of the year, as supply chain disruption — on account of coronavirus — has added to slowdown concerns in the India market. READ MORE

8:26 AM

Transmission volumes, unified tariff among triggers to fire up GAIL

GAIL’s better-than-expected show for the December quarter (Q3), led by a rebound in the gas trading segment’s performance, boosted the Street’s sentiment, leading to an almost six per cent surge in the stock on Tuesday. Most other segments, including petrochemicals, LPG and hydrocarbons also saw some improvement. READ MORE

8:20 AM

Weekly stock picks by Religare Broking: Buy Balkrishna Industries, HUL

Buy Hindustan Unilever

 

Last Close: Rs 2,152.65

 

Initiation range: Rs 2,140-2,150

 

We’re seeing a mixed trend on the FMCG front and HINDUNLVR has been outshining most of its peers. It has taken a pause around its record high after a sharp surge, providing fresh buying opportunity to those who missed earlier. All indications are in the favor of fresh breakout in the near future. We thus advise traders to use this phase and accumulate in the given range. READ MORE

8:17 AM

Nifty view & technical calls from HDFC Securities: Buy L&T Infotech, CDSL

Remain long in Nifty with the stop loss of 11,900; Target 12,400

 

After a minor profit booking on Friday and Monday, the Nifty resumed its uptrend Tuesday by rising by 76 points to close at 12,108 levels.

 

The short-term and medium-term trend of the Nifty remain positive with Nifty trading above its 20,50 and 200-day EMA. Oscillators and momentum Indicators like RSI and MACD turned positive on the daily chart. READ MORE

8:13 AM

Bulk deals on BSE as on Tuesday

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8:10 AM

Bulk deals on NSE as on Tuesday

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