Monday, December 23, 2024 | 11:17 AM ISTEN Hindi

MARKET WRAP: RIL, HUL help Sensex end 199 pts up; Nifty settles at 9,251

All that happened in the markets today

SI Reporter New Delhi

Photo: Shutterstock.com

9:18 AM

Sensex Heatmap at Open

9:17 AM

Opening Bell

9:16 AM

Opening Bell

9:14 AM

RIL's valuation premium hits all-time high of 830 bps; stock rises over 3%

Reliance Industries has become one of the most expensive stocks on price-to-earnings (P/E) multiple basis in the large-cap space, with the exception of highly-valued fast moving consumer goods (FMCG) companies such as Hindustan Unilever, Britannia, Nestlé and Asian Paints.

At its current stock price, RIL is trading at nearly 28 times its trailing earnings per share (EPS) against the benchmark BSE Sensex’s multiple of 19.4x. READ MORE

9:06 AM

Covid-19 Update

9:03 AM

Top gainers and losers on S&P BSE Sensex at Pre-open

9:02 AM

Market at Pre-open

9:02 AM

Market at Pre-open

8:58 AM

NEWS ALERT :: Biocon receives EIR from US FDA for Bengaluru unit

8:53 AM

Stocks to watch: RIL, Tata Motors, RBL Bk, Adani Gas, SBI Cards, SKF India

RIL: Reliance Jio Platforms, part of Mukesh Ambani-controlled Reliance Industries group, has sold a 2.32 per cent stake to US-based private equity firm Vista Equity on a fully diluted basis for Rs 11,637 crore. That apart, the company is considering selling its stake in India’s largest paint maker Asian Paints, valued at about $989 million as the conglomerate steps up efforts to trim its debt.

Tata Motors: Tata Motors announced that the Company has decided to withdraw the issue for private placement of unsecured NCDs aggregating up to Rs 1000 crore in view of the higher cost expectations from the market participants due to the tight money market conditions. READ MORE

8:51 AM

Bull Spread strategy on Tata Consumer by Nandish Shah of HDFC Securities

Bull Spread strategy on Tata Consumer Products

Buy TATA CONSUMER PRODUCTS 350 Call at Rs 13.3 & simultaneously sell 370 call at Rs 6.3

Lot Size: 2,700

Cost of the strategy: Rs 7 (Rs 18,900 per strategy)

Maximum profit: Rs 35,100 If Tata consumer closes at or above 357 on May expiry)

Break-even point: Rs 357 READ MORE

8:48 AM

Outlook & trading strategies for Nickel, Natural Gas by Tradebulls Sec

Sell Natural Gas | TGT: 138 | Stoploss 160

Natural Gas has made an ‘inverted hammer’ candlestick pattern at the top end of the range which is a sign of reversal. The following candle was ‘Bearish Belt hold’ line which was confirmation of the bearish trend. The fast stochastic indicator has given sell cross over so we would recommend going short in Natural Gas with the target of 138 and stoploss of 160. READ MORE

8:43 AM

Pullback on the higher side likely if Nifty holds 9,100: Anand Rathi

BUY NIFTY | TARGET: 9,400 | STOP LOSS: 9,100

Nifty is oscillating in the broader range of 9,100 to 9,500, and, currently, it has reached near its lower end of the range. So, as long as Nifty holds above 9,100 levels, we can expect some pullback on the higher side. The volatility India, VIX, has fallen below 40 levels, which is also giving comforts to the bulls. Although, the broader structure still looks weak and we are taking contra bet only to play for a pullback. READ MORE