MARKET WRAP: Sensex tumbles 416 pts, Nifty below 12,300; RIL declines 3%

All that happened in the markets today

9:03 AM

Rupee Opening Alert

Rupee opens flat at 71.09, as against Friday's close of Rs 71.08/$

9:02 AM

NEWS ALERT | Strides Pharma receives EIR from US FDA for its Florida unit: BSE filing

Alert: EIR issued as an outcome of inspection in December 2019

         EIR is Establishment Inspection Report

9:00 AM

Investment in equity MFs dips 41% to Rs 75,000 cr on volatility, slowdown

"While volatility in the market may continue for some more time going forward, we believe investors will want to benefit from this volatility and use it to create and growth their wealth. As we expect industry inflows to rise, we believe that all categories of mutual funds including equity funds to see a steady rise in flows," said Ashwani Bhatia, MD and CEO at SBI Mutual Fund. READ MORE

8:52 AM

Stocks to watch: TCS, RIL, HDFC Bank, HCL Tech, JSPL, Piramal Enterprises

Here's a look at the top stocks that may trade actively in today's trading session -

 

 

Earnings today: A total of 26 companies, including Just Dial, KEI Industries, and ICICI Securities, are scheduled to announce their quarterly earnings later in the day.

 

Piramal Enterprises: Ajay Piramal-led Piramal Enterprises’ Rs 3,650-crore rights issue will have to do all the heavy lifting in the final two days, with the offering subscribed less than 10 per cent until Friday. READ MORE

8:48 AM

Indian Hotels to VIP: 10 small and midcaps that may perform well in 2020

After underperforming the benchmark indices for the last two years, the Nifty Midcap hit a seven-month high last week. The Nifty Smallcap index, too, has recovered, gaining over 10 per cent over the past month after ending CY2019 in the red. READ MORE

8:43 AM

Nifty view & two stocks that Sameet Chavan of Angel Broking is bullish on

Alembic Pharma

 

View – Bullish

 

Last Close – Rs. 601.65

 

Justification – The Pharma space has finally joined the bull’s party as we can see this index confirming a bullish reversal ‘Inverse Head N Shoulder’ breakout along with prices crossing above 200SMA with some authority. This stock, too, has broken above its hurdle of 590 levels which thrice acted as stiff resistance in the last few months confirming a Cup N Handle bullish breakout. In addition, in the last few sessions, the up move has been supported by a sizeable increase in volume, indicating strong buying interest at multi-month highs. Thus, we recommend buying this stock on a minor decline for a target of Rs.690 over the next days. The stop loss should be fixed at Rs.551. READ MORE

8:39 AM

Stock ideas from Prabhudas Lilladher: Buy Bharat Electronics, Castrol

NIFTY VIEW

 

Nifty once again faced resistance near the 12,390 level, indicating a tough barrier, and, as said earlier, has to decisively give a breakout to have further fresh upward move. BankNifty has been under-performing and witnessing a gradual slide which should halt near 31,000 levels where a crucial support exists. However, the support for the week is seen at 41,250/12,120 while resistance is seen at 42,550/12,550. Bank Nifty would have a range of 30,880-32,200 levels. Mid-caps continue with their strong up-trend and is anticipated to do so till the budget time. READ MORE

8:36 AM

Bulk deals on BSE as on Friday

Click here for complete list

8:35 AM

Bulk deals on NSE as on Friday

Click here for complete list

8:34 AM

FII/FPI & DII trading activity on NSE, BSE and MSEI

8:33 AM

Rupee Check

Source: Bloomberg

8:31 AM

Oil Check

>> Oil prices jumped on Monday after two large crude production bases in Libya began shutting down amid a military blockade, reported Reuters.

>> At 8:29 am, Brent Crude Futures were at $65.56 per barrel-mark, up 1.09 per cent. WTI Crude, meanwhile, was at $59.14 per barrel, up 0.96 per cent.

8:27 AM

Asian Market Check

Source: Reuters

8:26 AM

US Market Check

Source: Reuters

8:17 AM

TRADE SET UP | SGX Nifty trades higher