MARKET WRAP: Indices end near day's low, Sensex down 181 pts; BPCL dips 3%

All that happened in the markets today.

2:08 PM

NEWS ALERT | CBI books former Maruti MD Jagdish Khattar for cheating PNB of Rs 110 cr: PTI

2:04 PM

Sterling Tools zooms 20% on inking JV with Chinese co for Indian EV sector

Shares of Sterling Tools were locked in the upper circuit band of 20 per cent at Rs 215 on the BSE on Tuesday after the company said it has entered into a Joint Venture (JV) agreement with Jiangsu Gtake Electric Company, a China based company.

 

The JV Company, which will commence production by Q1FY21, will be a subsidiary of Sterling Tools with an equity ratio of 51:44. The company said the two companies have agreed to join hands to provide the Indian electric original equipment manufacturers (OEM's) with best in class motor control units (MCUs). READ HERE

1:59 PM

BUZZING STOCK | Aarti Ind surges nearly 3%

1:51 PM

Stocks that hit 52-week high on BSE

1:43 PM

RBI conducts first simultaneous OMO, buys more bonds than it sells

The Reserve Bank of India (RBI) conducted its first simultaneous ‘buy and sell’ open market operations (OMOs), in which it bought more bonds than it sold, showed results. The central bank had planned to buy up to Rs 10,000 crore of 10-year bonds and sell up to Rs 10,000 crore of four short-term bonds. READ MORE

1:32 PM

Buzzing | Nalco gains over 4%

1:22 PM

World's top rated power stock seen recovering from 10-month low

NTPC Ltd. is the world’s most-loved power producer by equity analysts, and yet the shares of India’s largest utility are trading near a 10-month low. What gives? The New Delhi-based company is the top rated stock among the world’s largest utilities, with a recommendation consensus of 4.9 on a Bloomberg scale where 5 is a unanimous buy. Analysts expect the company to wring more profit from soon-to-be acquired hydro-power assets, helping it lift its earnings and share price. READ MORE

1:08 PM

Top BSE500 losers today

COMPANY	PRICE(rs)	CHG(rs)	CHG(%)	VOLUME
DISHMAN CARBOGEN	72.10	-18.00	-19.98	1512143
ARVIND FASHIONS.	383.80	-16.40	-4.10	1217
CRISIL	1911.25	-77.50	-3.90	11517
CAPLIN POINT LAB	299.20	-11.05	-3.56	1177
KPIT TECHNOLOGI.	87.80	-2.75	-3.04	1724

12:59 PM

Infra to banks: What will it take to fix Indian finance after the crisis

The turnaround in economic thinking triggered by that balance-of-payments humiliation saw the state shed controls on production and imports. The emergence of a globally attuned software services industry as well as vibrant capital markets—which India opened up to the world faster than China—helped spawn entrepreneurship and create a middle class. Hundreds of millions were lifted out of poverty; the 1990-91 crisis became the starting point of two decades of rising prosperity. READ MORE

12:49 PM

Has India's growth slowdown bottomed out? Animal spirits indicate so

India’s economy showed nascent signs it may be turning a corner after six straight months of anemic activity.

 

Two of the eight high-frequency indicators compiled by Bloomberg News came in stronger in November based on a three-month weighted average reading, although that wasn’t enough to move the needle on a gauge measuring overall activity. READ MORE

12:41 PM

India business to drive Tata Global Beverages' growth and margins

The rally in Tata Global Beverages stock, which began in May this year, is expected to continue, given the company’s focus on higher margin India business and sales uptick of the Starbucks joint venture (JV). This, coupled with the merger of the consumer business of Tata Chemicals and exit from non-profitable ventures, would add to net profits of the new consolidated entity. READ MORE

12:34 PM

Market check

12:31 PM

STOCK ALERT | IFCI surges 11% post realisation of Rs 805.6 cr from the divestment of 2.44% stake in NSE

>> The Rs 805.6 cr represents about 82% of the total committed amount.

>> Process for receipt of approval for remaining quantity is underway

12:25 PM

Navin Fluorine gains for 9th straight day on board's nod for capex plan

Shares of Navin Fluorine International were quoting higher for the ninth-straight trading day, up 3 per cent at Rs 1,019, also its new high on the BSE on Tuesday.

The stock of the commodity chemicals manufacturer rallied 15 per cent after the company announced a capex plan of Rs 450 crore at Dahej through a wholly-owned subsidiary, which is to be incorporated. In comparison, the S&P BSE Sensex was up 3 per cent during the same period. READ MORE

12:22 PM

NEWS ALERT | BHEL commissions India’s first lignite 500 MW thermal unit in Tamil Nadu: BSE Filing