StockMarket

F O: Options data pegged Nifty trading range at 12,000-12,500
By Chandan Taparia

Nifty continued its positive momentum for the fourth consecutive session on Wednesday and formed a new life-time high at 12,374 mark. The index has been forming higher highs and lows from last fourth consecutive sessions and formed a bullish candle on the daily scale. Except for banking and realty, all other sectoral indices

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Share market update: Fertilizer stocks up; Rashtriya Chemicals jumps 5%

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Citigroup profit beats as credit card, trading revenue jump
Citigroup Inc beat analysts' estimates for fourth-quarter profit on Tuesday, boosted by growth in its credit card business and a jump in trading revenue.

North American branded cards, which account for a majority of consumer banking revenue, continued to be a bright spot for the bank, clocking double-digit revenue growth for the second straight

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Tech View: Nifty forms Dragonfly Doji, negates higher highs lows
NEW DELHI: Nifty snapped a four-day winning streak on Wednesday and slipped below the 12,350 level. During the session, it saw a smart recovery after briefly falling below its immediate support at 12,280. In the process, the index formed a Dragonfly Doji on the daily chart.

“The declines got bought into while supports remained intact. However, the

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By Ruth Carson and Ameya Karve

Western Asset Management Co. is reducing its Indian government bond holdings as tensions around a new citizenship law and the Kashmir region cloud the economic outlook.

The $453 billion investor, an affiliate of Legg Mason Inc., is diverting some of its funds into longer-dated Malaysian and Chinese debt, according to

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Banks likely to put up a good show in Q3; NBFCs may remain a drag
Mumbai: Banks, particularly private lenders, are likely to post better performance in December quarter report cards, helped by robust recovery from NCLT (National Company Law Tribunal) resolutions, though credit demand remains tepid.

On the other hand, non-banking finance companies (NBFCs) may see a weak quarter. “We expect improved performance f

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Sensex snaps 4-day winning streak, Nifty below 12,350; smallcaps rally
Mumbai: Benchmark equity indices Sensex and Nifty snapped their four-session winning streak to close lower on Wednesday as traders booked gains, in sync with the world markets which saw lackluster trade, ahead of the crucial signing of the US-China Phase I deal.

The market also took cues from the first set of corporate earnings numbers that have

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Share market update: NBFC stocks mixed; Reliance Capital rises 5%
NEW DELHI: NBFC stocks were trading on a mixed note in Wednesday's afternoon session.

Shares of Magma Fincorp (up 5.00 per cent), Reliance Capital (up 4.96 per cent), Garnet International (up 4.91 per cent), Reliance Home (up 4.46 per cent), Alps Motor Finance Ltd (up 4.26 per cent), IIFL Wealth Management (up 3.51 per cent), PNB Housing Finance

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Real estate sector sentiments revive to optimistic zone in Dec quarter: Report
Real estate sentiments in the country revived in December quarter and turned optimistic after two quarters on the back of several measures taken by the government and the RBI to boost demand, according to a joint report by Knight Frank-FICCI-Naredco.

After staying in pessimistic zone (below 50 mark) for two consecutive quarters, Knight

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Govt plans new law to protect foreign investment
By Aditi Shah and Aftab AhmedNEW DELHI: India is planning a new law to safeguard foreign investment by speeding up dispute resolution, aiming to attract more capital from overseas to boost stuttering domestic growth, two officials with direct knowledge of the matter told Reuters.

In a 40-page initial draft, India's finance ministry has proposed

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7 firms to list commercial papers worth Rs 876 crore on BSE
New Delhi: Leading stock exchange BSE on Tuesday said seven companies, including Birla Group Holdings Pvt Ltd, ICICI Securities Ltd, Standard Chartered Investments and Loans(India) Ltd, have filed applications to list their commercial papers (CPs) with the bourse for a total issue size of over Rs 876 crore.

Birla Group Holdings Private Ltd, ICICI

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F O: Falling VIX stimulates bulls, Nifty range now at 12,000-12,500
By Chandan Taparia

Nifty50 continued its positive momentum for the fourth consecutive session on Tuesday and made a new lifetime high at 12,374 level. The benchmark index has been making higher highs and lows for last fourth consecutive sessions and formed a bullish candle on a daily scale.

Except for banking and realty, all other sectoral indices

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What are derivatives and how do they work?
By Atul P.M.

Derivatives are contracts that derive values from underlying assets or securities. The underlying asset or assets from which these contracts derive values can be stocks, bonds, indices, currencies or commodities like gold, silver, oil, natural gas, electricity, wheat, sugar, coffee and cotton etc.

Derivatives serve the purpose of risk

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BSE to offer incentives to boost crude oil trading
New Delhi: With an objective to boost trade in the commodity derivatives segment, the BSE on Tuesday said it will introduce liquidity enhancement scheme in brent crude oil futures from February 1.

Under the liquidity enhancement schemes (LES), brokers and other market intermediaries are given incentives for a specified period of time to bring in

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Wipro posts 3% fall in profit, fails to impress Street; 6 key takeaways
Mumbai: Third-largest IT firm Wipro on Tuesday reported 3.2 per cent year-on-year (YoY) drop in consolidated profit for the December quarter, and forecasted a modest revenue growth in the quarter ending March 31.

The company posted a profit of Rs 2,462.90 crore for the quarter ended December 30. Analysts in an ET NOW poll had projected a net of Rs

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IT firm Mindtree shares on Wednesday jumped over 4 per cent after the company reported a 3 per cent rise in consolidated net profit for the December 2019 quarter. The scrip gained 4.41 per cent to Rs 901.90 on the BSE.

On the NSE, it climbed 4.32 per cent to Rs 901.70.

Mindtree on Tuesday reported a 3 per cent rise in consolidated net profit at

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Vedanta gets Supreme Court nod to bid for Nalcoalumina tenders
By Upmanyu TrivediIndia’s top court has allowed Vedanta to bid for alumina sale tenders by state-run National Aluminium Co., providing some relief to Anil Agarwal’s aluminum unit that is seeking to boost supplies of the raw material.

A three-judge Supreme Court panel said Vedanta’s foreign units can bid for Nalco’s alumina tenders meant for exp

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Market Movers: IndusInd, YES Bank tank; 135 stocks send out bullish signals
Banking stocks were in the limelight on Tuesday as two private lenders came out with their quarterly earnings. IndusInd Bank slipped nearly 4 per cent while Bandhan Bank ended 1 per cent higher in Mumbai trading post their Q3 numbers.

YES Bank continued its decline, plunging further 8 per cent. All these actions led the banking indices to end

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Sebi rejects Axis Bank's plea in Karvy Stock Broking matter
Mumbai: The Securities and Exchange Board of India(Sebi) has rejected Axis Bank’s request to allow it to invoke the pledge on shares in the Karvy Stock Broking case.

The regulator’s order comes after the Securities Appellate Tribunal(SAT) last month asked Sebi to pass an order by January 15, 2020 in the matter.

Last month, Sebi has rejected the

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TV18 Broadcast Q3 profit up 40% at Rs 205 crore
New Delhi: Media firm TV18 Broadcast on Tuesday reported a 39.60 per cent rise in its consolidated net profit at Rs 205.16 crore for the quarter ended December 31, 2019.

The company had posted a net profit of Rs 146.96 crore for the corresponding period of the previous fiscal, TV18 Broadcast said in a regulatory filing.

Consolidated revenue from

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Retail inflation may force RBI to hold rates: Report
Retail inflation, which accelerated to 7.35 per cent in December and could breach 8 per cent in January, may force the Reserve Bank of India to hold rates in the monetary policy review next month, according to a report. Consumer Price Index (CPI) in December rose to about five-and-half year high of 7.35 per cent from 5.54 per cent in November,
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Bharti Airtel raises Rs 14,400 crore via QIP at Rs 445 per share
NEW DELHI: Telecom operator Bharti Airtel on Wednesday said it has raised Rs 14,400 crore (around $2 billion) from qualified institutional buyers at Rs 445 per share.

In a regulatory filing, the company said its board approved the allotment of 323,595,505 equity shares at a discount of 1.57 per cent to the floor price of Rs 452.09.

Shares of

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The domestic stock market rose for a third straight session on Tuesday to hit a fresh lifetime high. After opening on a negative note, the benchmark stock indices traded in a capped range for most part of the session. Stocks recovered in the last hour, as NSE Nifty finally ended with a gain of 32.75 points or 0.27 per cent at 12,362.30.

The

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Canara Bank calls off Can Fin Homes stake sale
NEW DELHI: PSU lender Canara Bank on Tuesday called off divestment process of its stake in Can Fin Homes, the housing finance subsidiary of the lender. The bank did not specify the reason behind the move.

Baring PE Asia had emerged as the sole bidder to acquire a controlling stake in the housing finance company in November. Two other contenders,

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Share market update: Mining stocks advance; Inani Marbles gains 5%

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SAT upholds Sebi's Rs 2,423 cr fine on PACL directors
New Delhi: The Securities Appellate Tribunal (SAT) on Tuesday upheld the fine of over Rs 2,423 crore levied by markets regulator Sebi on four directors of PACL Ltd for illegal fund mobilisation through various schemes from public.

The order comes following appeals filed by the company and its directors against an order passed by Sebi in September

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Stock market update: Sugar stocks soar; Rana Sugars jumps 5%
NEW DELHI: Sugar stocks rallied in Tuesday's morning trade. The profit of sugar companies is expected to improve with prices firming up due to supply constraints, and companies such as Balrampur Chini, Dhampur Sugar, EID Parry, Dwarikesh Sugar are expected to be among the biggest beneficiaries, according to analysts

Shares of Rana Sugars (up 4.93

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1,000% return in 10 years! This stock now stares at an uncertain future
NEW DELHI: Job creation and demand for housing are closely linked to economic growth. And for India, which is headed for an 11-year low GDP growth of 5 per cent in FY20, neither a sharp recovery in jobs nor a housing sector rebound is in sight.

This may not be good news for the stock of this online classified company, which delivered a solid 58

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JPMorgan beats estimates on strong trading, underwriting
JPMorgan Chase - Co posted a better-than-expected rise in quarterly profit on Tuesday, as strong results at its trading and underwriting businesses offset weakness in consumer banking.

Net income at the United States' largest bank rose to $8.52 billion, or $2.57 per share, in the quarter ended Dec. 31, from $7.07 billion, or $1.98 per share, a

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Buy JSW Steel, price target Rs 294: Dharmesh Shah

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