MARKET WRAP: Sensex slips 106 pts, Nifty ends at 12,175; financials decline

All that happened in markets today

11:28 AM

HUL braves slowdown, premium valuation to sustain on Street's thumbs up

Its current market capitalisation is close to the Rs 5-trillion mark. What is making the stock tick is the expectation of healthy profitable growth despite a large base, and strong return ratios. READ MORE  

11:22 AM

Nifty sectoral indices at this hour

11:10 AM

Want to start trading as a beginner? Learn these Candlestick patterns

As a beginner in stock market, one should always look for trades that can give a decent return with limited risk. The price itself denotes the basic movement, which can be analysed basis the structure and formation of the candlestick on the technical charts. A Candlestick demonstrates high, low, open and close prices of the instrument / stock or an index. It defines the price movement and depending on the formation, one can determine the current sentiment and predict a trend. READ MORE  

11:03 AM

BROKERAGE RADAR | Geojit Financial Servives on HPCL

Marginal declines in Fuel oil and LPG cracks during the quarter affected the topline. Also, industry demand was impacted by Coronavirus outbreak and consequently led to increased volatility in oil prices. However, we expect market conditions to improve owing to IMO regulations. We estimate company’s earnings to grow at healthy 21.8% CAGR over FY20-22E supported by ongoing capacity expansion and expected improvements in GRMs and reiterate our BUY rating on the stock with a revised target price of Rs. 289 using SOTP methodology.

11:00 AM

CARE Ratings drops 8% as Chairman Mainak steps down after forensic probe

CARE Ratings slipped nearly 8 per cent on Thursday, after reports suggested that S B Mainak, chairman, CARE Ratings has tendered his resignation. Market regulator Securities and Exchange Board of India (Sebi) is said to have nudged the rating agency to remove Mainak after adverse findings against him in a forensic report. READ MORE  

10:51 AM

BROKERAGE RADAR | Momentum picks by ICICI Securities

10:49 AM

BROKERAGE RADAR | Edelweiss Securities on ABB India

While robotics & motion is gaining significance, adoption of high-end technology in India and pricing pressure remain the key variables. Following ABB stock trading ex-Power-grid, we are excluding Power Grid’s valuation from our TP. Maintain ‘HOLD’ on ABB with a TP of Rs 1,250 (45x June 2021E EPS).

10:46 AM

YES Bank jumps 5% as lender gets EoIs from JC Flowers, Silver Point

In a filing to the BSE, the lender said it had received non-binding expressions of interest (EoIs) from several investors including J.C. Flowers & Co, Tilden Park Capital Management, OHA (UK) LLP (part of Oak Hill Advisors), and Silver Point Capital.  READ MORE

10:39 AM

Titan Company gains 2% in a weak market

10:25 AM

Wockhardt tanks 5% after it sells domestic branded ops to Dr Reddy's Labs

"The Board of Directors have considered and approved the transfer of business comprising (a) 62 products and line extensions along with related business assets and liabilities, contracts, permits, intellectual properties, employees, marketing, sales and distribution of the same in the Domestic Branded Division in India, Nepal, Bhutan, Sri Lanka and Maldives; and (b) manufacturing facility in Baddi, Himachal Pradesh, by way of a slump sale to Dr. Reddy's Laboratories as per the terms and conditions specified in the Business Transfer Agreement," Wockhardt said in an exchange filing. READ MORE

10:15 AM

IRCTC jumps 12.5% on strong Q3 nos; Co announces interim dividend of Rs 10

For the quarter under review, IRCTC posted a whopping 178 per cent year-on-year (YoY) jump in its net profit at Rs 206 crore against Rs 74 crore profit in the corresponding quarter of the previous fiscal. Total revenue during the period stood at Rs 735 crore, up 62 per cent against Rs 454 crore in the year-ago period. READ MORE

10:00 AM

Confusion over new rules on standardised return metrics for PMS players

The move to provide standardised returns across portfolio managers may be experiencing some teething troubles. Lack of granularity in the regulations has some portfolio management services (PMS) providers scrambling to figure out how they should showcase returns, said three people in the know. READ MORE

9:58 AM

MARKET CHECK:: Sensex extends losses

9:51 AM

SECTOR WATCH:: Private banks trade lower

COMPANY NAME	LATEST	CHG(%)
YES BANK	36.55	3.84
LAK. VILAS BANK	19.90	-4.78
SOUTH IND.BANK	10.02	0.40
ICICI BANK	545.30	-0.73
BANDHAN BANK	449.95	-4.16

9:41 AM

Jewellery business stares at prolonged slowdown, exports down by 9.17%

The festive cheer for the gems and jewellery sector has come to an end in January with exports declining 9.17 per cent to $29.6 billion. Exports in the first 10 months of this fiscal year fell 5.68 per cent to $30.66 billion.

 

With the coronavirus outbreak, prospects for the sector look dim with a key event to promote gems and jewellery in Hong Kong being postponed. READ MORE