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

All that happened in the markets today

9:19 AM

Sectoral trends at NSE during Opening Trade

9:18 AM

Top gainers and losers at S&P BSE Sensex during Opening Trade

9:17 AM

Market at Open

9:16 AM

Market at Open

9:11 AM

Credit crisis is easing in India, but only for safest corporate borrowers

India’s credit crisis appears to be winding down for the safest borrowers, but it’s hardly time to celebrate as weaker firms still struggle.

 

Policy makers have been fighting to prevent debt markets from seizing up since the shock collapse of shadow bank IL&FS Group last year. READ MORE

9:03 AM

Top gainers and losers at S&P BSE Sensex during Pre-Open

9:02 AM

Market at Pre-Open

9:02 AM

Market at Pre-Open

9:01 AM

Rupee opening

Rupee opens flat at 70.89/$ vs Tuesday's close of 70.91 against the US dollar

9:00 AM

Five of 11 entities to go for QIPs trading in red; Lakshmi Vilas top loser

Institutional investors using the in qualified institutional placements (QIPs) route — an avenue for fresh fund raising by listed companies — have had a mixed year in terms of returns. So far this year, 11 companies have taken the QIP route.

 

Of these, the share prices of six are above their issue price, while for the remaining five they are in the red. While investors have made decent returns on most deals, they have lost out heavily on three transactions. READ MORE

8:53 AM

Markets heading for a third straight year of narrow stock participation

Much has been said about how the CNX Nifty at over 11,850 points defies logic, given the underlying economic trend remains uninspiring and that corporate earnings, despite relief from tax rate cuts, were a damp squib in the July-September quarter.

 

With little optimism in sight at least in the near-term, market experts feel the Indian equities are headed for a third straight year of narrow stock participation. They expect 2020 to hit a hat-trick, in terms of the same stocks contributing to the broader markets’ rally. READ MORE

8:46 AM

Stocks to watch: IDBI Bank, YES Bank, Bharti Infratel, RIL, Allcargo, Gati

Here's a look at the top stocks that may remain in focus today -

 

YES Bank: Private sector lender Yes Bank has told the exchanges it is considering the $500 million offer made by Citax Holdings and Citax Investment Group. A decision regarding allotment will be taken at the next board meeting. 

 

IDBI Bank will sell up to 49 per cent stake in its subsidiaries IDBI Capital Markets & Securities Ltd (ICMS) and IDBI Intech Ltd (IIL). READ MORE

8:42 AM

NEWS ALERT | Reliance Cap appoints Sachin Bora as CEO: BSE filing

-- Says Anmol Ambani ceased to be Executive Director effective December 10 as  he is related to Chairperson of the company.

-- Vaibhav Kabra CFO & Amit Bapna COO & Prez

8:37 AM

NEWS ALERT | SFIO initiates investigation against the company: CG Power via BSE filing

-- Investigation initiated in 15 related group companies

8:35 AM

Today's picks: GAIL to Tata Steel, hot stocks to watch on Wednesday

Nifty

 

Current: 11856 (fut: (11902)

 

Target: NA

 

Stop long positions at 11800. Stop short positions at 12000. Big moves could go till 12075, 11725. Trend is negative. A long Dec 19 11700p (32), short 11600p (17) could gain 10-15 if the index falls below 11775. READ MORE