Just Dial rallied 5 percent as HDFC MF picked up stake in company.
10:42 am Aviation sector in focus: Jet Airways shares gained around a percent in morning after a media report indicated that InterGlobe Aviation-run IndiGo is considering investing in company to attain a marked international footprint if it fails to acquire a stake in the debt-laden Air India.
As of now, IndiGo flies to 7 foreign destinations — Bangkok, Doha, Singapore, Kathmandu, Muscat, Dubai and Sharjah. Jet Airways and Air India, on the other hand, have flights which cross the Asian continent.
As of now, IndiGo flies to 7 foreign destinations — Bangkok, Doha, Singapore, Kathmandu, Muscat, Dubai and Sharjah. Jet Airways and Air India, on the other hand, have flights which cross the Asian continent.
10:35 am Buzzing: Bharat Financial Inclusion recouped early losses and gained more than 1 percent to hit fresh 52-week high of Rs 935.45.
The stock fell 2.5 percent in opening after RBI notified on Tuesday that foreign shareholding through FIIs/FPIs in Bharat Financial Inclusion has reached the trigger limit.
Hence, further purchases of equity shares of this company would be allowed only after obtaining prior approval of RBI, RBI said.
10:28 am Most active shares: Reliance Industries, Just Dial, Bharat Financial, Reliance Capital and Infosys were most active shares on the NSE.
10:24 am Market Check: Equity benchmarks remained under pressure, following negative lead from Asia and Wall Street, as investors remained cautious about North Korea tensions.
The 30-share BSE Sensex was down 174.98 points at 31,634.57 and the 50-share NSE Nifty fell 49.10 points to 9,903.10.
The broader markets outperformed benchmarks as the BSE Midcap and Smallcap indices were flat with negative bias. About 1,054 shares declined against 875 advancing shares on the BSE.
Asian markets declined. Japan's Nikkei 225 declined 0.3 percent as the dollar remained soft. Across the Korean Strait, the Kospi slipped 0.36 percent.
Down Under, the S&P/ASX 200 fell 0.0.4 percent. Greater China markets were also pressured. The Hang Seng Index was down 1.03 percent. On the mainland, the Shanghai Composite shed 0.28 percent.
10:18 am Rajan on NPAs: Former RBI Governor Raghuram Rajan said the biggest challenge is cleaning up the balance sheets of public sector banks.
"RBI (during his tenure) issued lot of things to increase competition in the banking sector which include giving 23 bank licenses. There were new banks, payment banks, small finance banks," he said at an event here to launch his book 'I do What I do'.
Noting that work is still in progress to reform state- owned banks, he said, "I think at this point, the single biggest challenge is cleaning up the balance sheets of public sector banks."
Before bringing more change in the public sector banking system, "it is extremely important that the banks get back into the business of lending. That is clearly holding up the economy at this point."
10:10 am Infosys postpones results announcement date: Infosys will announce its quarter and half-year ended September 30, 2017 financial results on October 24, the company informed exchanges.
This will be a departure from the tradition where the IT bellwether is among the first companies to announce results in the second week of the month.
No reason was given for the delay.
The board of directors will meet on October 23-24, 2017 and will also consider payment of an interim dividend. The software exporter will hold investor/analyst calls on October 24 to discuss the results and business outlook.
These results will be the first after Nandan Nilekani's return to the company as the non-executive chairman. Nilekani took charge last month after Vishal Sikka resigned as CEO of the company following an extended spat with founder NR Narayan Murthy.
10:07 am Oil prices fall: Oil prices dipped as crude demand remained subdued on the back of refinery closures following Hurricane Harvey which hit the US Gulf coast 10 days ago.
Market focus was also being drawn to Hurricane Irma, a record Category 5 storm, which is barrelling towards important shipping lanes in the Caribbean.
Although many refineries and pipelines which were knocked out by Harvey are now in the process of restarting, analysts say it will take some time before the US petroleum industry is back to full crude processing capacity.
US West Texas Intermediate (WTI) crude futures were at USD 48.55 barrel, 0.23 percent below their last settlement.
10:05 am IPO money: Consumer electronics manufacturer Dixon Technologies on Tuesday raised nearly Rs 180 crore from anchor investors, including Kuwait Investment Authority Fund and Goldman Sachs India. The issue opened for subscription today.
The shares would be allocated at the upper end of the Rs 1,760-1,766 IPO price band.
The company has finalised allocation of more than 10.18 equity shares at a price of Rs 1,766 apiece to the anchor investors, according to a filing submitted to the BSE.
At this price, the total amount is Rs 179.78 crore.
Apart from Kuwait Investment Authority Fund and Goldman Sachs India Fund, other anchor investors include DSP BlackRock Micro Cap Fund, Steadview Capital Mauritius, HDFC Small Cap Fund and HSBC Indian Equity Mother Fund.
Kotak Midcap, ICICI Prudential Growth Fund, SBI Life Insurance Company and Birla Sun Life Insurance Company are among the other anchor investors.
Dixon Technologies aims to raise up to Rs 600 crore from the IPO. The offer comprises fresh issue aggregating up to Rs 60 crore besides an offer for sale of up to 30,53,675 shares by certain existing shareholders.
10:02 am ITC under pressure: Macquarie has downgraded cigarette major ITC to neutral and preferred to switch to Hindustan Unilever, citing fall in cigarette volumes.
"Channel checks suggest that ITC cigarette volume has declined significantly in July-August," the research house said.
The company increased cigarette prices by around 14 percent in the last 9 months.
The research house also slashed target price to Rs 304 from Rs 340, following cut in FY18/19 earnings by 2-5 percent on lower volume assumptions.
The stock fell 2.5 percent in opening after RBI notified on Tuesday that foreign shareholding through FIIs/FPIs in Bharat Financial Inclusion has reached the trigger limit.
Hence, further purchases of equity shares of this company would be allowed only after obtaining prior approval of RBI, RBI said.
10:28 am Most active shares: Reliance Industries, Just Dial, Bharat Financial, Reliance Capital and Infosys were most active shares on the NSE.
10:24 am Market Check: Equity benchmarks remained under pressure, following negative lead from Asia and Wall Street, as investors remained cautious about North Korea tensions.
The 30-share BSE Sensex was down 174.98 points at 31,634.57 and the 50-share NSE Nifty fell 49.10 points to 9,903.10.
The broader markets outperformed benchmarks as the BSE Midcap and Smallcap indices were flat with negative bias. About 1,054 shares declined against 875 advancing shares on the BSE.
Asian markets declined. Japan's Nikkei 225 declined 0.3 percent as the dollar remained soft. Across the Korean Strait, the Kospi slipped 0.36 percent.
Down Under, the S&P/ASX 200 fell 0.0.4 percent. Greater China markets were also pressured. The Hang Seng Index was down 1.03 percent. On the mainland, the Shanghai Composite shed 0.28 percent.
10:18 am Rajan on NPAs: Former RBI Governor Raghuram Rajan said the biggest challenge is cleaning up the balance sheets of public sector banks.
"RBI (during his tenure) issued lot of things to increase competition in the banking sector which include giving 23 bank licenses. There were new banks, payment banks, small finance banks," he said at an event here to launch his book 'I do What I do'.
Noting that work is still in progress to reform state- owned banks, he said, "I think at this point, the single biggest challenge is cleaning up the balance sheets of public sector banks."
Before bringing more change in the public sector banking system, "it is extremely important that the banks get back into the business of lending. That is clearly holding up the economy at this point."
10:10 am Infosys postpones results announcement date: Infosys will announce its quarter and half-year ended September 30, 2017 financial results on October 24, the company informed exchanges.
This will be a departure from the tradition where the IT bellwether is among the first companies to announce results in the second week of the month.
No reason was given for the delay.
The board of directors will meet on October 23-24, 2017 and will also consider payment of an interim dividend. The software exporter will hold investor/analyst calls on October 24 to discuss the results and business outlook.
These results will be the first after Nandan Nilekani's return to the company as the non-executive chairman. Nilekani took charge last month after Vishal Sikka resigned as CEO of the company following an extended spat with founder NR Narayan Murthy.
10:07 am Oil prices fall: Oil prices dipped as crude demand remained subdued on the back of refinery closures following Hurricane Harvey which hit the US Gulf coast 10 days ago.
Market focus was also being drawn to Hurricane Irma, a record Category 5 storm, which is barrelling towards important shipping lanes in the Caribbean.
Although many refineries and pipelines which were knocked out by Harvey are now in the process of restarting, analysts say it will take some time before the US petroleum industry is back to full crude processing capacity.
US West Texas Intermediate (WTI) crude futures were at USD 48.55 barrel, 0.23 percent below their last settlement.
10:05 am IPO money: Consumer electronics manufacturer Dixon Technologies on Tuesday raised nearly Rs 180 crore from anchor investors, including Kuwait Investment Authority Fund and Goldman Sachs India. The issue opened for subscription today.
The shares would be allocated at the upper end of the Rs 1,760-1,766 IPO price band.
The company has finalised allocation of more than 10.18 equity shares at a price of Rs 1,766 apiece to the anchor investors, according to a filing submitted to the BSE.
At this price, the total amount is Rs 179.78 crore.
Apart from Kuwait Investment Authority Fund and Goldman Sachs India Fund, other anchor investors include DSP BlackRock Micro Cap Fund, Steadview Capital Mauritius, HDFC Small Cap Fund and HSBC Indian Equity Mother Fund.
Kotak Midcap, ICICI Prudential Growth Fund, SBI Life Insurance Company and Birla Sun Life Insurance Company are among the other anchor investors.
Dixon Technologies aims to raise up to Rs 600 crore from the IPO. The offer comprises fresh issue aggregating up to Rs 60 crore besides an offer for sale of up to 30,53,675 shares by certain existing shareholders.
10:02 am ITC under pressure: Macquarie has downgraded cigarette major ITC to neutral and preferred to switch to Hindustan Unilever, citing fall in cigarette volumes.
"Channel checks suggest that ITC cigarette volume has declined significantly in July-August," the research house said.
The company increased cigarette prices by around 14 percent in the last 9 months.
The research house also slashed target price to Rs 304 from Rs 340, following cut in FY18/19 earnings by 2-5 percent on lower volume assumptions.
We
Are SEBI Registered and ISO Certified Investment Advisor, We Are
Providing 2 day’s free trial in all segments like Equity, Commodity And
Forex, We also Provides services for Stock Investing Tips Stock market tips, HNI Tips Intraday Tips and many more tips regarding Share market Services. For More Details Call us On +91-8109999233, or Go through this link http://bit.ly/2t5Gmcv and register now free.
No comments:
Post a Comment