MARKET WRAP: Sensex, Nifty end little changed; Tata Steel, SBI advance 3%

All that happened in the markets today

9:04 AM

Market at Pre-open

9:03 AM

Market at Pre-open

9:02 AM

Rupee opening

Rupee opens lower at 71.15/$ vs Thursday's close of 71.03 against the US dollar

8:58 AM

Cummins India: A value trap for investors or value buy? Analysts cautious

The Cummins India stock has corrected 34 per cent year-to-date. Its valuation at 22x its FY21 estimated earnings is also the lowest in six years. For investors, it could imply two things.

 

One, it could be that with the worst behind in terms of growth and the stock probably bottoming out, Cummins India presents a good proposition in the capital goods space. However, the question is whether one has the visibility to call out the bottom yet, with domestic growth estimated at just 3-5 per cent for FY20. READ MORE

8:54 AM

Two-thirds of FII bets slip in red; overseas investors at receiving end

Foreign institutional investors (FIIs) have had a mixed year, getting negative returns in two-thirds of the stocks in which they raised stake, over the first nine months of calendar year 2019.

 

According to an analysis of data from Capitaline, of the 423 listed firms in which FIIs raised stake, 278 had delivered negative year-to-date (YTD) returns. Market experts say that FIIs have been caught off-guard on their exposures to companies with high-leverage and those facing cyclical headwinds. READ MORE

8:47 AM

Stocks to watch: Bajaj Finance, IT, oil-linked firms, SBI, Tata Chemicals

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

 

Bajaj Finance: Bajaj Finance Ltd. on Thursday said it has invoked 24 lakh pledged shares of Karvy Data Management Services Ltd. to recover outstanding dues from a group firm.

 

Zee Entertainment: Media major Zee Entertainment has sets its sight on growing its regional portfolio of channels following viewership gains over the past three years in the segment. READ MORE

8:43 AM

Outlook & trading strategies for Copper, Gold by Tradebulls Securities

Gold prices are trading steady after the US and China reached limited trade deal on Friday. It is trading in the range of $1,480-$1,465. The US and China have reached a partial trade deal, UK Prime Minister Boris Johnson won an election mandate on Brexit, and the US reached a trading deal with its neighbors, Canada and Mexico. It looks like Gold is forming base. Gold has been trading in tight range since November 4 and is unable to move above 50-day moving average in COMEX. READ MORE

8:41 AM

Derivatives strategy by Nandish Shah of HDFC Sec: Buy Siemens Dec Futures

Buy SIEMENS DECEMBER Future at Rs 1,531

 

Stop Loss: Rs 1,505

 

Rationale:

 

We have seen Long build up in the Siemens Futures where we have seen rise in Open Interest with price rising by 1.5 per cent. READ HERE

8:38 AM

Nifty outlook and top trading ideas by Jay Anand Thakkar of Anand Rathi

CYIENT: BUY | TGT: Rs 445 | SL: Rs 410

 

The stock has provided a breakout from the double bottom pattern that has been formed on the daily chart. The momentum indicator MACD has provided a buy crossover with a positive divergence which is a positive sign going forward. READ MORE

8:36 AM

Bulk deals on BSE as on Thursday

Click here for complete list

8:34 AM

Bulk deals on NSE as on Thursday

Click here for complete list

8:32 AM

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

8:30 AM

Rupee Check

Source: Bloomberg

8:28 AM

Oil Check

>> Oil prices held steady near three-month highs on Friday, heading for a third consecutive weekly rise, on the back of easing Sino-U.S. trade tensions that have weighed on demand as well as the global economic growth outlook, reported Reuters

>> At 8:27 am, Brent Crude Futures were at $65/65 per barrel mark, up 0.09 per cent.

8:26 AM

SGX Nifty

At 8:26 AM, the Singaporean Exchange for Nifty Futures was at 12,280 level, up 7 points.