Market Live: Nifty hovers around 10900 amid pressure; M&M, ONGC, Bajaj Finance top losers –

Feb 11, 02:43 PM (IST)


State-run Power Finance Corporation’s third quarter profit grew by 70.6 percent year-on-year to Rs 2,075.8 crore, driven by one-time gain of Rs 641 crore.

Revenue from operations during the quarter increased 18 percent to Rs 7,362 crore compared to Rs 6,246 crore in same period last year.

Provision write-back for the quarter stood at Rs 296 crore against provisions of Rs 59 crore in same period last year, the company said, adding exchange gain during the quarter was at Rs 347.2 crore against Rs 12 crore in corresponding period last fiscal.

Also there was dividend income of Rs 102 crore for the quarter against Rs 10 crore in year-ago.

Feb 11, 02:29 PM (IST)

Shorts Build Up in Power Finance Corporation after Q3 Earnings

The stock declined a percent after Q3 earnings. Shorts build up was seen in the stock with increase in open interest as well as volume.

Feb 11, 02:16 PM (IST)

CESC Ventures Q3 Earnings

Consolidated net profit fell 73.2 percent year-on-year to Rs 11 crore and revenue from operations increased 14.7 percent to Rs 1,130 crore in quarter ended December 2018.

Feb 11, 02:06 PM (IST)

Tata Power fell nearly 4 percent.

Futures and Options data suggests that there is short build-up in the stock with increase in open interest, but the volume declined.

Feb 11, 02:01 PM (IST)

Market Update

Benchmark indices remained under pressure with the Sensex falling 226.75 points to 36,319.73, dragged by Reliance Industries, ICICI Bank, L&T and Bajaj Finance.

The Nifty50 fell 71.10 points to 10,872.50, but there was sharp decline in broader markets. The Nifty Midcap and Smallcap indices dipped more than 1.5 percent.

Nearly three shares declined for every share rising on the NSE.

Feb 11, 01:50 PM (IST)

Planning to invest Rs 10 lakh in market post Budget & RBI policy? Here’s how to allocate your capital

In terms of allocating Rs 10,00,000, we have to take into account the sectors that will do well in the immediate term, and those which will do well in the medium term and finally long term.

Feb 11, 01:09 PM (IST)

Podcast | Sanjay Bakshi on discovering Buffett, and how investors can profit from inefficient markets

Hello and welcome to Moneycontrol Podcast. I am Santosh Nair in conversation with Professor Sanjay Bakshi. Before I get chatting, here is a brief introduction about him.

Feb 11, 12:50 PM (IST)

Motherson Sumi Systems Q3 profit rises 7%, posts highest every quarterly revenue

Motherson Sumi reduced its consolidated debt to Rs 9,705 crore at the end of December quarter, from Rs 11,302 crore at the end of September 2018.

Feb 11, 12:49 PM (IST)

Shares of Dewan Housing fell nearly 6 percent before recovering as investors reacted to buzz of I-T department notice to the firm.
According to a CNBC-TV18 report, the income tax department sent a notice to DHFL under Section 131 of I-T Act. Further, the company has been asked to furnish books of accounts.

Feb 11, 12:38 PM (IST)

CARE Ratings Limited has revised the rating assigned to Energy Development Company’s various credit facilities as mentioned below: 
Long term Bank Facilities| Rating B+; Stable | Revised from D
Short term Bank Facilities | CARE A4 | Revised from D

Feb 11, 12:09 PM (IST)

19 stocks among BSE 200 universe have touched their respective 52-week low. They include Balakrishna Industries, Coal India, Mahindra & Mahindra, MRF and Vedanta among others. 

Feb 11, 12:02 PM (IST)

Most of the metal stocks are trading in the red. Many among them are trading near their 52-week low. 

Feb 11, 11:44 AM (IST)

Nifty Pharma index is down over 2% intraday. All but one stock in the index is trading in the red. Dr Reddy’s is the biggest loser, which is down over 6%.

Feb 11, 11:11 AM (IST)

Buzzing: Sun TV Network climbs 7% as analysts remain positive on the stock. They see 38-54% return after stellar Q3 earnings. 

Feb 11, 11:08 AM (IST)

Market Update: Sensex is down 186.80 points or 0.51% at 36359.68, and the Nifty down 71.70 points or 0.66% at 10871.90.
About 594 shares have advanced, 1414 shares declined, and 98 shares are unchanged.

Feb 11, 10:49 AM (IST)

Feb 11, 10:31 AM (IST)

India VIX, the indicator of volatility, is up 3.34 percent intraday at 15.56. 

Feb 11, 10:24 AM (IST)

Planning to invest Rs 10 lakh in market post Budget & RBI policy? Here’s how to allocate your capital

In terms of allocating Rs 10,00,000, we have to take into account the sectors that will do well in the immediate term, and those which will do well in the medium term and finally long term.

Feb 11, 10:09 AM (IST)

Feb 11, 09:58 AM (IST)

Hero Motocorp falls 4% as stock trades ex-dividend

The board of directors, on January 31, declared an interim dividend of Rs 55 per share of Rs 2 each (at the rate of 2,750 percent) for the financial year 2018-19.

Feb 11, 09:43 AM (IST)

Market Update Equity benchmarks have extended their fall from the opening mark. The Nifty is now below 10,900.

The Sensex fell 121.44 points or 0.33% at 36425.04, and the Nifty declined 53.20 points or 0.49% at 10890.40. The market breadth is negative as 469 shares advanced, against a decline of 980 shares, while 68 shares were unchanged.

Shares of Tata Steel, Kotak Mahindra Bank and Cipla have gained the most, while M&M, Hero MotoCorp, and Indiabulls Housing lost the most. 

Feb 11, 09:33 AM (IST)

Dr Reddy’s falls Shares of Dr Reddy’s Laboratories fell 4 percent on Monday morning as investors reacted to observations being issued to the company by US FDA.

The stock touched an intraday high of Rs 2,704.70 and an intraday low of Rs 2,659.95.

The company on Friday told the exchanges that its Formulations Manufacturing Plant – 3 at Bachupally, Hyderabad had been inspected by the US FDA. It has been issued a Form 483 with 11 observations

Feb 11, 09:24 AM (IST)

Indiabulls Housing cracks 5% Shares of Indiabulls Housing Finance are down around 5 percent in trade on Monday morning. Take a look at its intraday chart.

Feb 11, 09:19 AM (IST)

Market opens Equity benchmarks have opened marginally lower, with the Nifty trading around 10,900.

The Sensex is down 53.26 points or 0.15% at 36493.22, while the Nifty is down 36.90 points or 0.34% at 10906.70. The market breadth is narrow as 211 shares advanced, against a decline of 169 shares, while 62 shares were unchanged.

Selling is visible across sectors, with maximum pain seen in automobiles and pharmaceuticals, among others. The Nifty Midcap index is down around 0.20 percent. 

Bharti Airtel, Yes Bank, Tata Steel and Titan are the top gainers, while M&M, Power Grid, Dr Reddy’s and Tata Motors lost the most. 

Feb 11, 09:08 AM (IST)

Feb 11, 09:08 AM (IST)

Rupee opens The Indian rupee has opened at 71.23 per US dollar. This implies an appreciation of 8 paise from its previous close of 71.31 per US dollar.

On Friday, the rupee appreciated by 14 paise Friday to close at 71.31 against the US dollar on persistent foreign fund inflows even as the greenback strengthened overseas amid fresh concerns over global growth.

Feb 11, 09:04 AM (IST)

Market at pre-open Pre-opening rates indicate a flat start for equity benchmarks on Monday morning. 

The Sensex is up 39.31 points or 0.11% at 36585.79, and the Nifty up 7.10 points or 0.06% at 10950.70.

The rupee has opened at 71.23 per US dollar against Friday’s close of 71.31 per US dollar. 

Feb 11, 08:43 AM (IST)

What changed for the market while you were sleeping? Top 12 things to know

The Nifty remained in the grip of bears throughout February 8. It closed below its crucial 5-days exponential moving average placed at 10,967 and made a bearish candle after forming a Doji candle that indicated a possible reversal in the trend.

Feb 11, 08:34 AM (IST)

FPIs turn net buyers in February; invest Rs 5,300 crore in just 6 trading sessions

Foreign investors have infused close to Rs 5,300 crore in the Indian equity markets in the last six trading sessions, mainly on expectations of higher economic growth.

Feb 11, 08:32 AM (IST)

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