Markets settle at new high, Nifty ends above 10,700;HDFC Group shares rally

All that happened in the market today

12:41 PM

Bull market in 2008 and now: Top five companies, valuation, and more

 

It has been a decade since the 2004-08 bull market peaked. The benchmark BSE Sensex touched a record of 20,873 on January 8, 2008, before the meltdown triggered by the US subprime crisis, which led to the global financial crisis. Ten years on, a new bull market is underway for the Indian market.

 

The Sensex has nearly doubled since its 2013 lows and is currently inching towards 35,000. The market currently trades above its long-term average and it compares favourably to the 2008 period. Read more

12:22 PM

We prefer large-caps that could gain from govt initiatives: Manish Kumar

 

The past year’s rally in the markets has taken valuations to the higher end of the historical band. In an interview, MANISH KUMAR, chief investment officer (CIO), ICICI Prudential Life Insurance Company, tells Business Standard the mid- and small-cap space looks frothy. So, one has to be prudent in investment decisions. Click here for full interview
 

12:15 PM

Wholesale price index-based inflation eases to 3.58% in December from 3.93% in November 2017

12:02 PM

Sectoral Trend

11:44 AM

HDFC hits record high as board approves Rs 130 billion fund raising plan

 

Housing Development Finance Corporation (HDFC) hit lifetime high of Rs 1,832, up 4% on BSE after its board approved fund raising worth Rs 130 billion through a combination of a preferential allotment and Qualified Institutions Placement (QIP).

 

The stock surpassed its previous high of Rs 1,805 touched on November 7, 2017 in intra-day trade. Read more

11:30 AM

NPA disclosure rules: Sebi keen on implementing a revised proposal

 

The Securities and Exchange Board of India (Sebi) has approached the Prime Minister’s Office (PMO) and the Ministry of Corporate Affairs (MCA) to look into its proposal mandating listed companies to make public disclosures within a day of loan defaults. According to sources, the market regulator is keen on implementing its initial proposal with certain changes.

 

The new rule was to come into effect in October 2017 but got deferred due to hurdles in its implementation. Read more

11:17 AM

Polaris Consulting surges on higher indicative price for delisting

 

Polaris Consulting & Services hit a 52-week high of Rs 422, up 8% on BSE in intra-day trade, after Virtusa Consulting Services Private Limited (Acquirer), the promoter of the company set Rs 370 per share as indicative price for delisting of shares from the stock exchanges.

 

The indicative price is 67.6% premium to Rs 220.73 per equity share, at which the acquirer 78.65% of the voting share capital of the company in March 2016 from the erstwhile promoters and public shareholders and it is 59.2% premium to the floor price of 232.37, as determined in accordance with the Sebi delisting regulations, Virtusa Consulting Services Private Limited said in a regulatory filing. Read more

11:00 AM

Market Check

S&P BSE Sensex	34,921.63		0.95%
Nifty 50	10,768.35		0.82%
S&P BSE 200	4,793.41		0.81%
Nifty 500	9,737.90		0.75%
S&P BSE Mid-Cap	18,235.44		0.54%
S&P BSE Small-Cap	20,161.09		0.84%

10:40 AM

Bhansali Engineering Polymers up 5% on robust Q3 results

 

Bhansali Engineering Polymers was locked in upper circuit of 5% at Rs 209 on BSE after the company reported nine-fold jump in net profit at Rs 291 million for the quarter ended December 2017 (Q3FY18), on back of strong operational income.

 

The company engaged in specialty chemicals business had profit of Rs 31 million in the same quarter last fiscal. Read more

10:23 AM

Ripple: it's a potential tech giant, not a Bitcoin-like cryptocurrency

 

Ripple is nothing like bitcoin. Anybody who believes they are getting in on the next Bitcoin when buying Ripple is hugely mistaken. Ripple is not a cryptocurrency and should rather be viewed as a technology services provider which should ideally be listed on NASDAQ.

 

Another aspect which Ripple enthusiasts forget is that, in many senses, Ripple is not truly decentralised and has a strong control over its inner workings. Ripple uses a novel "consensus algorithm" to validate transactions, and it requires computers to identify themselves and obtain permission to participate in the currency's network. This stands in stark contrast to Bitcoin, where any computer is allowed to join. Read more
 

10:09 AM

IDFC - Capital First merger impact

10:05 AM

Capital First hits 52-week high on merger with IDFC Bank

 

Capital First hit a 52-week high of Rs 901, up 8% on BSE in early morning trade after the company engaged in financial services business announced that its board approved the merger of company with IDFC Bank.

 

IDFC Bank and Capital First on Saturday, January 13, 2018 announced that the boards of directors of IDFC Bank and Capital First at their respective meetings held on January 13, 2018, approved a merger of Capital First with IDFC Bank.

 

Pursuant to the merger which is subject to regulatory and shareholder approvals, IDFC Bank will issue 139 shares for every 10 shares of Capital First, the lenders said in separate filings to the exchanges. READ MORE

9:51 AM

P-notes investment drops to Rs 1.28 lakh cr in Nov

 

Overall investments into the Indian capital market through participatory notes (P-notes) fell to Rs 1.28 lakh crore at November-end after witnessing a rise in the previous month.

 

Total value of P-notes investment in Indian markets - equity, debt and derivatives - declined to Rs 1,28,639 crore at November-end from Rs 1,31,006 crore at the end of October, according to market regulator Sebi data.

9:37 AM

Earnings impact: Infosys

9:30 AM

Sectoral Trends