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

All that happened in the markets today

9:20 AM

Market check | Nifty Bank hits record high of 32,186.95

9:19 AM

Sectoral trends at NSE during Opening trade

9:19 AM

Top gainers and losers on S&P BSE Sensex during Opening trade

9:18 AM

Market at Open

9:17 AM

Market at Open | Sensex hits record high of 41,185.03

9:07 AM

India's total market-cap rises to Rs 155 trn on growth in FPI, MF assets

India’s total market capitalisation has risen 7.1 per cent, or Rs 10.3 trillion, to Rs 155 trillion, so far, this calendar year. Foreign portfolio investors (FPIs) and mutual funds (MFs) have seen their assets under custody (AUC) grow at a much faster rate. FPIs, the biggest investor class outside promoters, have seen their AUC go up 11.5 per cent, or Rs 3.1 trillion, to Rs 30.4 trillion, while MFs have seen their assets increase by Rs 1.8 trillion, or 18.4 per cent, to almost Rs 12 trillion. While most part of the asset growth is because of capital appreciation, a considerable portion has come on account of incremental inflows.  READ MORE

9:03 AM

Rupee Opening Alert

Rupee opens higher at 70.75/$ vs Friday's close of 70.81 against the US dollar

9:02 AM

Top gainers and losers on S&P BSE Sensex during Pre-open

9:01 AM

Market at Pre-open

9:01 AM

Market at Pre-open

8:57 AM

Sensex near record, but over a third of it is still available for 'cheap'

The Sensex on Friday closed at 41,010, only 120 points shy from a fresh all-time high. While the benchmark indices are back near record levels, several of its components are still available “cheap”, compared to historical valuations.

 

Business Standard analysed 12-month forward price-to-earnings (P/E) and price-to-book (P/B) multiples of the 30 Sensex components and compared them to the average 10-year P/E and P/B for the respective stocks. READ MORE

8:52 AM

Stocks to watch: Banks, Sun Pharma, HUL, Adani Transmission, JB Chemicals

Here's a look at the top stocks that may remain in focus today -

 

Banks to remain in focus on news that the global steel giant ArcelorMittal has initiated payment for acquisition of debt-ridden Essar Steel for Rs 42,000 crore. "ArcelorMittal has arranged the entire amount of Rs 42,000 crore which is likely to be transferred to State Bank of India, the lead banker to take control of Essar Steel under the Insolvency and Bankruptcy Code," news agency PTI reported citing cources. 

HUL: GlaxoSmithKline (GSK) Plc may exit from Hindustan Unilever Limited (HUL), early in the New Year, according to a report by The Economic Times. GSK Plc, as per the report, said it would sell the stake once the merger was completed in early 2020. It didn’t say when it would do so and that the sale would occur in “tranches”. READ HERE

8:46 AM

Commodity picks: December 16, 2019

Mustard seed
 

Mustard seed at the benchmark Jaipur market is trading at Rs 4,642 per quintal. For the week ahead, prices are expected to head towards Rs 4,675 per quintal. Positive crush margins and firm cues from edible oil would keep demand active from processors, thereby supporting higher prices. READ MORE

8:42 AM

Nifty view & top picks by Prabhudas Lilladher: Buy Mahindra & Mahindra

BUY MAHINDRA & MAHINDRA | CMP: Rs 516.20 | TARGET: 590 | STOP LOSS: Rs 490

 

The stock has witnessed a decent correction from the peak of 621 levels and has bottomed out near 500 levels where there is a strong support. The stock is indicating a bounceback with positive bias. The RSI also has shown a trend reversal from the highly oversold zone and has signaled a buy for further upside levels to attain in the coming days. We suggest to buy this stock for an upside target of Rs 590 keeping a stop loss of Rs 490. READ MORE

8:40 AM

Nifty outlook and top trading ideas by CapitalVia Global Research Limited

Market traded higher on Friday; Nifty likely to touch all-time high soon
 

The Nifty traded with positive sentiments on Friday on strong global cues, as the US-China trade talk progressed in a positive direction. The index closed at 12,086.70, adding 114.90 points. PSU banks, metal and reality stocks traded with positive sentiments through the day and gained the most among the indices. Banknifty closed at 32,014.30, adding 348.80 points from the previous day’s closing. READ MORE