MARKET WRAP: Sensex slips 39 pts; Reliance Ind, SBI decline nearly 2%

All that happened in the markets today

2:18 PM

Sterlite Technologies falls over 1%

2:17 PM

Rate cuts to 'operation twist', RBI governor is pushing policy boundaries

The central bank announced Thursday it will buy longer-dated debt and simultaneously sell shorter maturity notes in a concept similar to Operation Twist used by the U.S. Fed in 2011-12. The move is aimed at bringing down the soaring cost of borrowing, or term premia -- the difference between the benchmark 10-year yields and the central bank’s policy rate. READ MORE   

2:05 PM

Amid legal battle, ONGC takes over physical control of PMT from RIL & Shell

The government had approached the Delhi High Court seeking to block RIL’s stake sale plans, including the -$15-billion deal with Saudi Aramco, citing non-payment of an international arbitral award to the tune of $4.5 billion on PMT. The Mukesh Ambani-led company had refuted the claims. According to sources, the final phase of the arbitration is scheduled in mid of 2020 and the government of India “has unilaterally made a calculation of an amount they claim to be payable, which is also in dispute.” READ MORE

1:54 PM

MARKET CHECK | Top 5 losers on the BSE at this hour

1:43 PM

MARKET CHECK | Around 26 stocks hit 52-week high on the NSE

(Source: NSE) 

1:30 PM

NEWS ALERT | Govt will soon take the vehicle scrappage policy to Cabinet: Dharmendra Pradhan, reports CNBC TV18

Dharmendra Pradhan, Union Minister of Steel

1:28 PM

MARKET CHECK | Spencer's Retail slips over 1.50%

1:25 PM

MARKET UPDATE:: Sharp fall in benchmark indices

1:24 PM

Market check | Sharp slide in Sensex

1:22 PM

Adani Green locked in 5% upper circuit; stock hits fresh record high

Shares of Adani Green Energy were locked in 5 per cent upper circuit at Rs 142, also its new high, on the BSE on Monday on the back of heavy volumes. The stock surpassed its previous high of Rs 139 touched on December 2, 2019. The trading volumes on the counter jumped 1.5 times with a combined 1.9 million equity shares changing hands on the NSE and BSE. There were pending buy orders for 216,123 shares on both the exchanges at 12:24 pm. READ MORE

1:10 PM

NEWS ALERT | NHPC board to consider raising up to Rs 2,000 cr via debt on Dec 28: BSE Filing

1:04 PM

NEWS ALERT | Glenmark, Mankind enter into Licencing Pact to sell anti-diabetic drug: CNBC TV18 via Agencies

1:00 PM

BROKERAGE RADAR | Motilal Oswal Financial Services on Tata Chemicals

• In 2016, the company sold off its fertilizer business. In 2019, it carved out a plan to demerge its consumer business with a clear strategy to focus on basic and the specialty chemicals business.
• Additionally, TTCH is incurring capex of INR24b at its Mithapur plant for various categories, which is expected to come on stream by FY22 (in a phased manner).
• The cash-cow business (soda ash and sodium bicarbonate) of TTCH is expected to remain steady due to potential balanced demand-supply scenario; the cash generated from the same would be partially deployed toward its specialty chemicals segment, which is high margin and return accretive.
• Our SOTP-based target price of INR811 implies an upside of 25%. Maintain Buy.

12:52 PM

Eight of 10 most-valued firms add Rs 1.13 trillion in m-cap; TCS leads

Reliance Industries Limited (RIL), HDFC Bank, HDFC, ICICI Bank, Kotak Mahindra Bank, Infosys and SBI were the other companies in the top 10 list which saw gains in their market capitalisation (m-cap) for the week ended Friday. Only Hindustan Unilever Limited (HUL) and ITC finished with losses.

 

The m-cap of Tata Consultancy Services (TCS) surged Rs 56,604.72 crore to stand at Rs 8,33,986.26 crore. READ MORE

12:43 PM

Nifty sectoral indices at this hour