Thursday, December 19, 2024 | 08:58 PM ISTEN Hindi

MARKET WRAP: Sensex up 147 pts, Nifty holds 12,250; Infy gains nearly 1.5%

All that happened in the markets today

SI Reporter New Delhi

markets

9:03 AM

Market at Pre-open

9:02 AM

Market at Pre-open

9:01 AM

Rupee opening

Rupee opens unchanged at 71.21 against the US dollar

8:56 AM

Havells' underperformance may take a while to reverse

When stocks in the cooling solutions segment such as Voltas, Blue Star, and Whirlpool delivered handsome gains, diversified consumer durables player Havells failed to live up to expectations. With the stock down 6.5 per cent in 2019, the question is how soon it can reverse the past year’s underperformance. READ MORE

8:52 AM

NCDs provide interest income, but look at credit rating before investing

Muthoot Fincorp unveiled its fifth issue of secured redeemable non-convertible debenture (NCD) to raise Rs 480 crore on Thursday. This is the second issue to be announced within a week. Tata Capital’s NCD issue, which was launched on Monday, is already fully subscribed. READ MORE

8:47 AM

NEWS ALERT | Crude steel production rises 6.7% QoQ in Q3FY20: Tata Steel Long

8:44 AM

Insurers stay on sidelines as Mutual Funds step up purchase of shares

In 2019, mutual funds shopped for equities worth about Rs 53,000 crore, while domestic institutional investors (DIIs) bought shares worth Rs 42,000 crore, implying net selling by insurance companies. A similar trend has played out in the past eight years. MFs, on the other hand, have significantly ramped up their buying since 2015 driven by the surge in flows through systematic investment plans (SIPs), ploughing in Rs 4.1 trillion. READ MORE

8:40 AM

Infosys Q3 preview: Commentary on BFSI and whistleblower probe report eyed

Information technology (IT) service provider Infosys Ltd is expected to post revenue growth of 0.9 per cent to 2.1 per cent on a sequential basis (in constant currency terms) for the quarter ended December 31. This could mainly be on account of the company’s cross-currency gains and business transfer of Eishtec in Ireland. READ MORE

8:37 AM

Stock recommendations by Anand Rathi: Buy Shriram Transport Finance, HUL

NIFTY: BUY | TGT: 12,300 | SL: 121,25

Nifty closed well in the positive territory in the last trading session with a clear buy crossover in its daily as well as weekly momentum indicator MACD. The Index has bounced back quite a lot and now it has to take off 12,300 on immediate basis in order to come out of the range. On the lower side, there exists a support at 12,125, so till it’s not broken the probability of an upside is quite high. READ MORE

8:35 AM

Derivatives strategy by HDFC Securities: Buy Tata Chemicals Jan Futures

Buy TATA CHEM JANUARY Future at Rs 679.50

Stop Loss Rs 670

Target Rs 700

Lot Size 900

Rationale:

We have seen Long build up in the Tata Chem Futures’ yesterday where we have seen a rise in Open Interest with the price rising by 1.6 per cent. READ MORE

8:31 AM

Two stocks that Vaishali Parekh of Prabhudas Lilladher is bullish on

BUY BHARAT FORGE

CMP: Rs 507.30

TARGET: Rs 560

STOP LOSS: Rs 480

The stock has been in consolidation for quite some time and currently has given a breakout above the 500 levels to imply strength and has improved the bias and we anticipate further upside movement till 560 levels. The RSI also has indicated a trend reversal with a steep rise and with good volume participation witnessed, we recommend a buy in this stock for an upside target of Rs 560 keeping a stop loss of Rs 480. READ MORE

8:29 AM