MARKET WRAP: Sensex up 173 pts, Nifty tops 11,900; IT, realty stocks gain

All that happened in the markets today

12:14 PM

YES Bank extends slide, down 38% in one month

-- Stock sees highest fall since Oct 1

12:07 PM

CSB Bank trades lower for fifth straight day, down 16% since listing

Shares of the recently listed CSB Bank slipped for the fifth straight day, down 3 per cent at Rs 251 on the BSE on Wednesday, after a strong debut. The stock of the private sector bank has fallen 16 per cent since it's listing on December 4, 2019. In comparison, the benchmark S&P BSE Sensex was down 1 per cent during the week. READ MORE

11:52 AM

Metal stocks trade lower

COMPANY NAME	LATEST	HIGH	LOW	CHG (rs)	CHG(%)
S A I L	38.10	38.80	37.95	-0.15	-0.39
JSW STEEL	248.30	254.50	248.05	-2.80	-1.12
JINDAL STEEL	143.25	144.45	142.00	2.20	1.56
TATA STEEL	403.10	407.40	401.55	0.90	0.22
NMDC	111.05	111.55	110.10	1.10	1.00

11:41 AM

Most active stocks by volume

COMPANY	PRICE(rs)	CHG(rs)	CHG(%)	VOLUME
YES BANK	43.45	-7.10	-14.05	20394470
VODAFONE IDEA	6.84	0.28	4.27	10036100
DISH TV	13.21	0.17	1.30	4026542
RELIANCE POWER	3.25	-0.13	-3.85	1907031
INDIABULLS HOUS.	266.35	-2.70	-1.00	1181035

11:31 AM

Sensex off day's high

11:25 AM

Adani Transmission gains over 3%

11:20 AM

JSPL gains on commission of 4th Coke Oven Battery at Angul Steel Plant

11:11 AM

Buzzing | Ashoka Buildcon advances 4%

11:01 AM

Godrej Consumer Products gains 4% as Morgan Stanley maintains 'overweight'

Godrej Consumer Products surged 4.13 per cent to Rs 673.2 on the BSE on Wednesday after reports said global financial services firm Morgan Stanley has maintained its 'overweight' stance on the counter. The target price is set at Rs 845 apiece, which is 30.7 per cent higher from the last closing price. Analysts at Morgan Stanley "believe that the share price of the stock will rise relative to the index" and may report acceleration in domestic volume growth". READ MORE

10:55 AM

Future Supply Chain up 6% as CCI approves stake purchase by Nippon Express

Stocks of Future Supply Chain Solutions Limited (FSC) gained 6 per cent to Rs 529 intra-day on the NSE on Wednesday after the competition watchdog Competition Commission of India (CCI) approved Nippon Express' acquistion of 22 per cent stake in the company for Rs 641 crore. In a statement to the exchanges, Future Supply Chain said, “The proposed combination pertains to the acquisition by Nippon Express of about 22 per cent of the total issued and paid up share capital of Future Supply Chain on a fully diluted basis.” READ MORE

10:46 AM

YES Bank slides 27% in one week on concerns over fund-raising plan

Shares of YES Bank slipped 9 per cent to Rs 46.20 on Wednesday on the BSE on concerns of the private sector lender’s fund raising plan. The bank on Tuesday told stock exchanges that it was considering the $500 million offer made by Citax Holdings and Citax Investment Group. The total value of the offers was $2 billion, the lender said. READ MORE

10:38 AM

Five reasons why market is charging ahead despite faltering economy

The benchmark Sensex and the Nifty both logged new all-time highs, surpassing their previous record in June. The markets have managed to charge ahead even as economic growth falters. For the three-month period ended September, India’s gross domestic product (GDP) grew at 4.5 per cent, lowest since March 2013. Decelerating for a sixth straight quarter, the growth number was also below consensus estimates. READ MORE

10:28 AM

Rupee check | Domestic currency at 1-month high

-- Re trading above levels touched on Nov 5

10:22 AM

Dish TV surges over 8% amid reports DTH operations of co, Airtel may merge

Shares of Dish TV surged as much as 8.5 per cent to Rs 14.15 in the early trade on Wednesday amid media reports that direct-to-home (DTH) operations of the company and Bharti Airtel may merge.

 

The stock; however, pared almost all its gains to trade just over a per cent higher at 13.20 levels at 09:58 am on the BSE whereas shares of Bharti Airtel were trading flat at Rs 447. In comparison, the S&P BSE Sensex was trading 0.33 per cent higher at 40,372. READ MORE

10:11 AM

Banks' FY19 retail loan growth slipped to 12%, slowest in 5 years: CRISIL

While private consumption decelerated to 4.1 per cent in the first half (H1FY20), the data suggests that retail lending of banks grew 16.6 per cent, which is twice the rate at which overall bank credit is growing. However, there’s catch.

 

According to CRISIL, a large chunk of the incremental retail loans disbursed by banks was used to buy retail loan portfolios of non-banking financial companies (NBFCs), which have been struggling for over a year to raise funds. READ MORE