MARKET WRAP: Sensex snaps 3-day gaining streak, down 71 pts; metals drag

All that happened in the markets today

12:25 PM

Nifty Bank hits record high. Here are five stocks that can gain up to 10%

ICICI Bank Ltd (ICICIBANK): The counter has risen with “Higher high, Higher low” formation and hit new life time high on Friday of Rs 542.80 levels, as per the daily chart. The overall trend indicates bullishness till the formation is not broken on a closing basis. At the current juncture, Rs 520 remains as an immediate support and this rally may see Rs 580 and Rs 600 as an immediate level. Although, the Relative Strength Index (RSI) trades in an overbought condition, some selling has been seen on the charts. READ MORE

12:21 PM

Titan Company dips 1%

12:21 PM

Market check

12:15 PM

Markets to lay down long-term base for returns, says Vaibhav Sanghavi

As the markets head into 2020 on a cautious note in the backdrop on slipping growth rates, VAIBHAV SANGHAVI, co-chief executive officer, Avendus Capital Public Markets Alternate Strategies, tells Puneet Wadhwa that the focus would increase on FY21 earnings, which he thinks can grow by about 15 per cent.  READ FULL INTERVIEW HERE

Vaibhav Sanghavi

12:04 PM

NEWS ALERT | November WPI inflation at 0.58% vs 0.16% (MoM): CNBC TV18

-- Food inflation at 9.02% vs 7.65% (MoM)

11:56 AM

BUZZING STOCK:: Apollo Hospitals up 2%

11:45 AM

Gold finance stocks doing well, but await correction before investing

Despite the stress non-banking finance companies (NBFCs) are going through, one segment i.e gold financing has remained an outlier. The stocks of two gold finance majors -- Manappuram Finance and Muthoot Finance -- have surged 20-39 per cent in the last three months, outperforming the 10 per cent rise in leading indices such as the BSE Sensex. What is enthusing the Street towards this set of NBFCs is their ability to sustain the strong return ratios amidst a challenging environment. READ MORE

11:34 AM

Crisil shares hit 52-week high, zoom 39% in three months

Shares of Crisil continued their northward movement and hit a fresh 52-week high of Rs 1,745, up 2 per cent on the BSE on Monday in an otherwise subdued market. The stock of the rating agency company was trading at its highest level since October 2018. In the past three months, the stock has outperformed the market by surging 39 per cent as the company reported a good set of numbers led by rating business for the quarter ended September 2019 (Q3CY19). READ MORE

11:26 AM

NEWS ALERT | SEBI disposes off insider trading case in Manappuram Finance: CNBC TV18

11:22 AM

See Brent oil prices near $60 per barrel by 2020-end: Paul Hickin of Platts

US – China trade-related issues, developments in West Asia and outage at Saudi Aramco’s facility were some of the events that kept oil prices volatile all through 2019.

 

London – based Paul Hickin, associate director at S&P Global Platts tells Puneet Wadhwa that S&P Global Platts sees India’s oil demand growing in 2020 as economic growth is expected to pick up, helped by the Reserve Bank of India’s (RBI’s) interest rate cuts. READ FULL INTERVIEW HERE

PAUL HICKIN, associate director at S&P Global Platts

11:14 AM

Buzzing | PNB Housing Fin gains over 3%

11:06 AM

FMCG stocks under pressure

COMPANY NAME	LATEST	HIGH	LOW	CHG (rs)	CHG(%)
SANWARIA CONSUM.	1.77	1.90	1.76	-0.06	-3.28
KWALITY	2.50	2.50	2.28	0.11	4.60
HIND. UNILEVER	1980.10	2010.55	1978.00	-25.20	-1.26
MARICO	333.00	337.05	332.25	-1.15	-0.34
VIKAS WSP	9.38	9.55	9.30	-0.06	-0.64

10:58 AM

NEWS ALERT | SC to hear Vedanta’s plea to restart iron ore mining in Goa this week: CNBC TV18

10:52 AM

Retail, telecom help RIL beat Indian Oil to be number one player by revenue

Reliance Industries (RIL) has emerged as the number one company in terms of revenue in the Fortune India 500 list for 2019, pipping Indian Oil Corporation (IOC). RIL revenues crossed Rs 5.81 trillion in FY19 against IOC’s Rs 5.36 trillion.

 

Since it was first published in 2010, IOC has been topping the list.

 

RIL’s race to the top was powered by consumer-facing businesses like organised retail and telecom. READ MORE

10:42 AM

NEWS ALERT | RBI will do whatever is necessary to address slowdown: Shaktikanta Das, RBI governor

-- Slowdown in India not entirely due to global factors

-- Hope understanding between the US and China will sustain

-- RBI was ahead of times in cutting rates

(As reported by CNBC TV18)