Thursday, January 09, 2025 | 11:06 PM ISTEN Hindi

MARKET WRAP: Sensex surges 292 pts, Nifty tops 11,850; Adani Power up 17%

n the broader market, S&P BSE Mid-Cap ended 81 points, or 0.54 per cent higher at 14,889 levels while the S&P BSE Small-Cap gained 43 points, or 0.30 per cent, to settle at 14,283 levels.

SI Reporter New Delhi

Photo: Kamlesh Pednekar

2:05 PM

VA Tech Wabag soars 14% on hopes of water mgt announcement in Budget 2019

Shares of VA Tech Wabag surged 14 per cent intra-day to trade at Rs 352 apiece on the BSE on Monday, boosted by heavy volumes. The buying interest was seen in the scrip on expectations that Budget 2019 may focus on the water crisis. The trading volumes on the counter jumped more than 15-times with a combined 1.4 million shares, representing 2.5 per cent of the company's total equity, changing hands on the NSE and BSE till 01:29 pm. READ MORE

1:59 PM

GST may become two-tier tax with merger of 12% and 18% slabs: Jaitley

Former Finance Minister Arun Jaitley Monday said the 12 and 18 per cent tax slabs in goods and services tax (GST) could be merged going forward as revenues increase, thereby effectively making it a two-tier tax. Penning a Facebook post on the second anniversary of GST rollout, Jaitley said as many as 20 states are already showing more than a 14 per cent increase in their revenues and do not require the centre to compensate them for revenue loss arising out of GST implementation. READ MORE

1:50 PM

Nifty Metal index off day's high

1:41 PM

NEWS ALERT | Tata Group not keen to bid for Jet Airways under NCLT: sources to BTVi

- Co may look at Jet Airways' assets only if airline goes for liquidation

- Tata Group may eye Jet Airways' Boeing 777s

1:34 PM

June Auto Sales | Atul Auto

-- Total sales at 3,704 units vs 3,847 units YoY. down 3.7%

1:23 PM

Stocks that hit 52-week high on S&P BSE Sensex

COMPANY	PRICE(rs)	52 WK HIGH	CHG(rs)	CHG(%)
AAVAS FINANCIERS	1524.60	1560.70	24.40	1.63
ABBOTT INDIA	8943.75	8998.95	53.35	0.60
BAJAJ FIN.	3699.35	3716.25	17.05	0.46
BAJAJ FINSERV	8551.35	8574.75	13.60	0.16
CONTAINER CORPN.	579.90	582.60	9.50	1.67

» More on 52 Week High

1:14 PM

NEWS ALERT | Aster DM Healthcare announces opening of new Aster RV Hospital in Bengaluru

1:12 PM

NEWS ALERT | Will review the analysis and release first advance estimate after monsoon, says ISMA: CNBC TV18

-- There will be need for India to export sugar in 2019-20 as well: ISMA

-- Estimate sugar production of about 28.2 mt in 2019-20 vs 32.95 mt in 18-19: ISMA

1:07 PM

Nifty Fin Service index is trading higher

1:04 PM

NEWS ALERT | Mulling scheme to use global agencies' credit line to fund small enterprises: Nitin Gadkari

1:03 PM

ICICI Direct on Pokarna

Recommendation: Hold

Last close: Rs 123

Target: Rs 140

At the CMP, the stock is trading at an attractive valuation of ~4.7x FY19E EPS. While valuations appear to be cheap, the USITC’s affirmation on the US market getting materially injured/threatened due to imports of quartz surface products from India and Turkey could lead to antidumping duty being imposed on quartz surfaces imported from India though the management could challenge any negative finding, going forward. While we are currently awaiting clarity in terms of quantum of antidumping duty on quartz, any development on this front could have a negative impact on Pokarna’s financial performance. Hence, we downgrade the stock to HOLD with a revised target price of | 140/share (6x FY20E EPS).

12:54 PM