MARKET WRAP: Sensex loses 134 pts on weak global cues, sell-off in metals

The S&P BSE Sensex lost 134 points or 0.37 per cent to settle at 36,445, with Sun Pharma (up 4.54 per cent) being the top gainer and Vedanta (down nearly 4 per cent) the worst laggard.

10:19 AM

Prabhat Dairy hits 20% upper circuit as firm to sell milk biz to Lactalis

Shares of Prabhat Dairy hit 20 per cent upper circuit at Rs 112 apiece on BSE in the early morning trade after the company announced that global dairy major Lactalis will buy its milk business. “The company has entered into definitive agreements with Tirumala Milk Products Private Limited, a wholly owned subsidiary of French dairy multinational Groupe Lactalis, for the sale of its dairy business for a consideration of Rs 1,700 crore,” Prabhat Dairy said in a statement on Monday after market hours. Read more

10:13 AM

Top losers on BSE500

COMPANY	PRICE()	CHG()	CHG(%)	VOLUME
INDIABULLS INTEG	333.70	-14.05	-4.04	2732
SUNDARAM CLAYTON	3084.05	-122.60	-3.82	8
DISH TV	33.55	-1.20	-3.45	60063
ZENSAR TECH.	225.10	-8.00	-3.43	2190
ITI	108.25	-3.80	-3.39	127898

10:03 AM

Market check

Index	Current	Pt. Change	% Change
S&P BSE SENSEX	36,395.64	-183.32	-0.50
S&P BSE SENSEX 50	11,408.51	-47.17	-0.41
S&P BSE SENSEX Next 50	32,159.84	-100.06	-0.31
S&P BSE 100	11,155.27	-44.49	-0.40
S&P BSE Bharat 22 Index	3,397.02	-14.18	-0.42

9:52 AM

Reliance Securities on Wipro

 

Target Price: Rs 340

 

Wipro has reported improved performance in 3QFY19 both on revenue and margin front. However, un-enthusing 4QFY19E guidance is an indication that the IT major is not fully confident on a robust recovery in the backdrop of volatile macro-environment and HLS issues. Raising our FY20E EPS by 6%, we maintain our HOLD recommendation on the stock with a revised Target Price of Rs 340 (from Rs 320 earlier).

9:48 AM

HDFC MF guidance signals revenue fall after Sebi diktat; Q3 net up 25%

The HDFC Mutual Fund (MF) on Monday reported healthy financial performance, but guided for reduction in revenues after the Securities and Exchange Board of India’s (Sebi) mandated that all scheme-related expenses have to be borne into the schemes. In December quarter, the fund house saw its net profit jump 25 per cent on a year-on-year basis to Rs 243 crore. Read more

9:36 AM

Nifty Metal index is trading over 1% lower weighed by Tata Steel

9:33 AM

Shares of Prabhat Dairy are trading over 17% higher

9:28 AM

Zensar Technologies declines over 4% on weak Q3 results

9:24 AM

YES Bank slips over 1.5% in early trade

9:21 AM

Sectoral trend on NSE

9:18 AM

Opening gainers and losers on S&P BSE Sensex

9:16 AM

Market at open

 

At 9:15 AM, the S&P BSE Sensex was trading at 36,481, down 98 points, while the broader Nifty50 was ruling at 10,923, down 39 points.

9:03 AM

Market at pre-open

Index	Current	Pt. Change	% Change
S&P BSE SENSEX	36,639.03	+60.07	+0.16
S&P BSE SENSEX 50	11,473.15	+17.47	+0.15
S&P BSE SENSEX Next 50	32,291.35	+31.45	+0.10
S&P BSE 100	11,215.98	+16.22	+0.14
S&P BSE Bharat 22 Index	3,414.45	+3.25	+0.10

9:02 AM

Rupee opening

Rupee opens at 71.22/$ vs its previous close of 71.28 against the US dollar

8:56 AM

Prabhat Dairy, Asian Paints, Lupin and Justdial among top stocks to track

Global dairy major Lactalis will buy Mumbai-based Prabhat Dairy, a bulk producer of milk and dairy products, in its third acquisition in India. The company told the bourses on Monday that Lactalis’s Indian subsidiary Tirumala Milk Products was acquiring its dairy business for Rs 1,700 crore, which is 1.17 times its FY18 sales of Rs 1,442 crore.

The drug major on Monday said it has received approval from the US health regulator to market Levothyroxine Sodium tablets used for treatment of hypothyroidism. Read more