MARKET WRAP: Indices rebound, Sensex ends 186 pts up; Nifty reclaims 10,900

The broader Nifty50 index of National Stock Exchange (NSE) reclaimed the crucial 10,900 level to settle at 10,910, up 48 points or 0.44 per cent.

9:58 AM

Motilal Oswal Financial Services on NBFCs

 

We remain bullish on the vehicle financiers (VF) sector due to multiple tailwinds. With growth returning and migration to 90 days past due (dpd) over, we expect a strong earnings recovery for vehicle financiers, especially Shriram Transport Finance Co (SHTF) and MMFS (Mahindra and Mahindra Financial Services). In addition, asset quality trends have been stable. The impact of the liquidity crisis should fade over the next few months and it would be business as usual. In addition, these players have a large pool of securitizable assets that could be used to generate liquidity via PSL sell-downs. Our top pick in this space is SHTF.

9:52 AM

From ICICI Bank to Bajaj Finance, 10 stocks to beat the market in 2019

Indian equities were not a happy hunting ground for domestic investors in 2018 with most sectoral indices ending in the red while the benchmark indices delivered single-digit returns. Higher oil prices, a depreciating rupee, rising interest rates and a liquidity crisis for finance companies were some of the reasons.

 

For 2019, there are uncertainties related to outcome of general elections, the direction of fund flows and global growth worries. READ MORE

9:37 AM

All sectoral indices on NSE are trading in red barring Pharma and Realty

9:27 AM

UCO Bank surges over 11% in early trade

9:26 AM

BLOCK DEAL| 27.8 lakh shares (0.5% equity) of IndusInd Bank trade in 2 blocks on NSE at Rs 1,595.60/sh

9:21 AM

BLOCK DEAL | 58.56 lakh shares of Axis Bank trade in a block deal on NSE at Rs 622.75 per share; stock trades flat 

9:20 AM

Sectoral trend on NSE

9:19 AM

Opening gainers and losers on BSE Sensex

9:17 AM

Market at open

 

At 9:15 AM, the S&P BSE Sensex was trading at 36,093, up 25 points, while the broader Nifty50 was ruling at 10,873, up 10 points.

9:11 AM

NEWS ALERT| 1.3 cr shares of Bharti Airtel traded in a block on BSE at Rs 319/sh in pre-opening session

9:05 AM

Lupin, JMC Projects and Fortis Healthcare among top stocks to track

The drug maker Lupin said it has received approval from the US health regulator for Clobazam Oral Suspension, used to treat seizures associated with Lennox-Gastaut Syndrome. The drug is indicated for treatment of seizures associated with Lennox-Gastaut Syndrome (LGS) in patients of two years of age or older. Read more

9:02 AM

Market at pre-open

Index	Current	Pt. Change	% Change
S&P BSE SENSEX	36,161.90	+93.57	+0.26
S&P BSE SENSEX 50	11,393.37	+25.94	+0.23
S&P BSE SENSEX Next 50	33,041.97	+46.76	+0.14
S&P BSE 100	11,185.11	+24.09	+0.22
S&P BSE Bharat 22 Index	3,504.91	+8.27	+0.24

9:01 AM

Rupee opening

Rupee opens at 69.62/$ vs its previous close of 69.77 per dollar

8:59 AM

Top trading ideas by Prabhudas Lilladher

BUY BIOCON

CMP: Rs 629

TARGET: Rs 680

STOP LOSS:Rs 595

 

The stock has been consolidating around the range of Rs 600 and Rs 630 levels for quite some time and now it has given a breakout with decent volume. The relative strength index (RSI) indicator also has signaled a Buy by reversing its trend in the positive direction. We recommend a positional buy in this stock keeping a stop loss of Rs 595 for an upside target of Rs 680. Click here for more trading ideas

 

8:57 AM

Top trading calls by Anand Rathi

CONCOR: BUY

TARGET: Rs 724

STOP LOSS: Rs 670

 

The stock has formed a symmetrical triangular pattern and it has seen good long built up. The momentum indicator has also provided a buy crossover; hence one can buy for the target of 724 with a stop loss of 670. Click here to read more