MARKETS ON TUESDAY: Sensex, Nifty end marginally higher; realty stocks gain

The domestic indices ended higher on Tuesday, led by gains in FMCG and realty indices.

12:47 PM

SPECIAL REPORT Where to invest ahead of 2019 general elections? Morgan Stanley answers

With the markets yet to price in the outcome of the general elections scheduled for May 2019, investors would be better off adding defensive and cyclical counters with a focus on large-cap stocks, suggests Ridham Desai, head of India research and India equity strategist at Morgan Stanley in a co-authored report with Sheela Rathi.

 

“It is unlikely that the market is as optimistic as it has been in the past going into the 2019 elections. Post-election performance is purely a function of what's been priced in ahead,” they say READ MORE

morgan stanley

12:31 PM

Vehicle-finance firms in fast lane; share prices up 7-17% in past one month

 

The share prices of vehicle-finance companies are up 7-17 per cent in the past one month.

 

One reason being that the companies are expected to post a strong set of numbers for the January-March 2018 quarter (Q4), mainly because of hefty vehicle sales. Notably, the trend is likely to continue till FY19, and this should reflect favourably on the share price returns, despite their outperformance in the past one year. READ MORE

12:15 PM

Divi's stock: Pricing pressure for drug makers can lead to more outsourcing

Divi’s Laboratories is among the few pharma companies that have outperformed in the last one year with its share price ticking up 75 per cent. Regulatory concerns regarding the contract research and manufacturing services (or CRAMS) major, which get most of its revenue from exports, have hurt the Street’s sentiment. READ MORE

12:01 PM

Markets at Noon

 

S&P BSE Sensex	34,324.47		0.06%
Nifty 50	10,522.00		-0.06%
S&P BSE 200	4,631.25		0.08%
Nifty 500	9,311.15		-0.00%
S&P BSE Mid-Cap	16,766.42		0.19%
S&P BSE Small-Cap	18,119.17		0.20%

11:45 AM

Diagnostic chain Metropolis mulls $230 million IPO

 

Metropolis Healthcare, an operator of medical diagnostic centers backed by Carlyle Group LP, is considering an initial public offering (IPO) to raise about Rs 15 billion ($230 million) as it seeks acquisitions.

 

The sale will likely include a partial stake held by the founders as well as new shares, Managing Director Ameera Shah, said in an interview. A time frame for the offering has not been set and the company hasn't appointed an adviser for the sale, she said. READ MORE

11:34 AM

Stocks at 52-week high

COMPANY	PRICE()	52 WK HIGH	CHG()	CHG(%)
AARTI INDS.	1282.60	1287.00	5.95	0.47
APOLLO TYRES	303.05	307.15	3.05	1.02
BAJAJ ELECTRICAL	658.50	665.85	39.30	6.35
BALKRISHNA INDS	1341.50	1351.20	19.75	1.49
BRITANNIA INDS.	5395.95	5407.00	84.05	1.58

11:15 AM

Kotak Mahindra Bank pips State Bank of India in market capitalisation

Private sector lender Kotak Mahindra Bank on Monday surpassed state-run State Bank of India (SBI) in terms of market capitalisation. At the start of the year, SBI’s market value was 44 per cent more than that of Kotak Mahindra Bank. Since then, shares of SBI have corrected 19 per cent, while that of Kotak Mahindra Bank have risen 16 per cent. READ MORE

11:01 AM

Vehicle-finance firms in fast lane; share prices up 7-17% in past one month

The share prices of vehicle-finance companies are up 7-17 per cent in the past one month. One reason being that the companies are expected to post a strong set of numbers for the January-March 2018 quarter (Q4), mainly because of hefty vehicle sales. Notably, the trend is likely to continue till FY19, and this should reflect favourably on the share price returns, despite their outperformance in the past one year. READ MORE

10:49 AM

M&M joins Rs 1-trillion market-cap club; stock hits new high

Mahindra & Mahindra (M&M) has joined the elite club Rs 1-trillion market capitalization (market-cap) on the BSE, as its share price hit an all-time high of Rs 819 in early morning trade on Tuesday. With the market-cap of Rs 1.01 trillion at 10:00 am; M&M stood at number 30th position in overall market-cap ranking, the BSE data shows. Currently, M&M stood just behind of Tata Motors, which has market-cap of Rs 1.08 trillion (include Tata Motors DVR). READ MORE

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10:31 AM

Investors bet high on SIPs: MFs garner Rs 672 bn in FY18, up 53% from FY17

 

Retail investors are preferring SIP option for investing in mutual funds, with the industry garnering around Rs 671.9 billion through this route in 2017-18, an increase of 53 per cent from the preceding fiscal.

 

In comparison, Rs 439.21 billion was collected through the investment plan in 2016-17, according to the latest update with Association of Mutual Funds in India (Amfi). READ MORE

10:18 AM

Bajaj Electricals shares surge 7% on order win of Rs 35.78 billion in UP

 

Shares of Bajaj Electricals have surged 7% to Rs 660 per share on the BSE in early morning trade after the company said it has bagged orders worth of Rs 35.78 billion for rural/urban electrification projects in the state of Uttar Pradesh from Madhyanchal Vidyut Vitaran Nigam Limited (MVVNL).

 

The projects shall be completed within 15 months from the date of issue of LoI, the company said in the filing. READ MORE

10:02 AM

Market Check

S&P BSE Sensex	34,362.31		0.17%
Nifty 50	10,542.10		0.13%
S&P BSE 200	4,639.65		0.26%
Nifty 500	9,331.40		0.22%
S&P BSE Mid-Cap	16,806.49		0.43%
S&P BSE Small-Cap	18,180.21		0.54%

9:56 AM

ICICI Prudential Mutual Fund is top public shareholder in ICICI Securities

 

ICICI Prudential Mutual Fund (MF) has emerged as the largest public shareholder in sister concern, ICICI Securities, which debuted earlier this month.

 

The country’s largest asset manager invested Rs 6 billion, nearly a fifth of the issue size, in the group company’s initial public offering (IPO), which had garnered 78 per cent subscription. Through the maiden offer, parent ICICI Bank was looking to divest a 24 per cent stake for Rs 40 billion. However, the private lender could divest only a 20.8 per cent stake due to lack of demand and raised Rs 35 billion. READ MORE

9:40 AM

Cheer for ONGC investors: Higher oil and gas prices should drive earnings

The Oil and Natural Gas Corporation (ONGC) stock has significantly lagged the benchmark S&P BSE Sensex over the past year, even as prices of crude oil, its mainstay, have rallied (see chart). There has been some catching up in the past week, led by improving prospects in the business. If the trend sustains, which seems likely, ONGC’s investors could see good returns. READ MORE

9:24 AM

Top Nifty Metal gainers

COMPANY	LATEST	PREV CLOSE	GAIN()	GAIN(%)
VEDANTA	293.40	290.30	3.10	1.07
HIND.COPPER	72.75	72.05	0.70	0.97
JINDAL STAIN .HI	190.80	189.00	1.80	0.95
HINDALCO INDS.	241.50	239.45	2.05	0.86
WELSPUN CORP	152.70	151.50	1.20	0.79
MOIL	217.35	215.75	1.60	0.74