MARKET WRAP: Sensex up 115 pts on positive global cues; auto stocks rally

All that happened in the markets today

1:05 PM

Market check | Sensex pare gains

12:56 PM

NEWS ALERT | Kaya to borrow Rs 7 cr each from co’s directors Harsh Mariwala & Rajendra Mariwala: BSE Filing

12:52 PM

Prince Pips and Fittings IPO: Issue subscribed 34% so far on Day 2

12:47 PM

Clariant Chemicals surges 12% as board approves restructuring plan

Shares of Clariant Chemicals (India) moved higher by 12 per cent to Rs 356 on the BSE on Thursday after the board approved the restructuring plan by sale of Masterbatch Business to PolyOne Polymers for Rs 426 crore. The stock of specialty chemicals was trading at its highest level since April 4, 2019. READ MORE  

12:37 PM

Index Contributors at this hour

12:27 PM

Sell-off in debt markets may be overdone; expect rebound in 2020: Analysts

The recent tumble in Indian bonds that’s made them worst performers among major Asian nations this month need not spell a long-term rout.

 

Yields have climbed 25 basis points to 6.71% after the central bank’s decision on Dec. 5 to hold policy combined with worries over government borrowings. Traders say the sell-off may be overdone as the pause doesn’t necessarily mean the easing cycle has ended. READ MORE

12:14 PM

NEWS ALERT | ICRA downgrades YES Bank's ratings, outlook remains negative: CNBC TV18

12:10 PM

Market check | Sensex gains 100 pts

11:59 AM

Avanti Feeds trades higher for sixth straight day, hits 52-week high

Shares of Avanti Feeds were trading higher for the sixth straight day on Thursday on the back of heavy volumes. The stock was up 6 per cent at Rs 581, hitting 52-week high on the BSE. Shares of the company, which engaged in shrimp processing and manufacturing of prawn and fish feeds, surpassed their previous high of Rs 571 touched on November 11, 2019. READ MORE

 

11:45 AM

Market check | Sensex hits fresh record high of 41,646.96

11:42 AM

STOCK ALERT | HDFC Bank crosses $100 billion market cap

-- Stock hits new high of Rs 1,304,

-- Market capitalisation stood at Rs 7.12 trillion on the BSE

11:37 AM

NEWS ALERT | China announces new tariff exclusions for some products from US: Reuters

11:36 AM

NEWS ALERT | Clariant Chemicals to sell Masterbatch biz to PolyOne Polymers for Rs 426 cr: BSE Filing

11:21 AM

NEWS ALERT | UTI AMC DRHP may be filed this week for OFS having total size of Rs 3,800-4,800 cr: Sources to CNBC TV18

-- Market Cap for UTI AMC seen at Rs 12,000 -15,000 cr; Market cap to AAUM ratio likely at 7.5-10%

-- SBI, LIC, BoB to sell max 1.05 cr shares each, PNB & T Rowe price 38 lakh shares each

-- Citi, BofAML, ICICI Sec, JM FIn, Axis Cap, SBI Cap, likely bankers to UTI AMC issue

11:17 AM

BROKERAGE RADAR | Reliance Securities on Gujarat Gas

We maintain BUY recommendation with a DCF-based Target Price of Rs 249, based on WACC of 9.2% and 2% terminal growth rate, which implies 17% upside from the CMP, which along with 2% dividend yield would be significantly higher than CoE (12%).