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Mid-Day Market updates – The Future Market’s watch window

Mid-Day Market updates – 12th Feb 2019 – PreMarket and Buzzing Stocks

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Buzzing Stocks on Market Today

  1. C C Constructions jumps 10% on orders from government and Oman – 11:15am
    Its joint venture company C C ESM also received order from Dedicated Freight Corridor Corporation of India for total value of Rs 124.2 crore.
  2. Axis Bank declines nearly 2% on SUUTI stake sale report – 10:34am
    Under the promoter entity, the government through SUUTI held 9.56 percent stake in the bank, as of December 2018 while 14.15 shareholding is held by state-run insurance companies.
  3. JBM Auto rises nearly 2% after strong Q3 results – 9:53am
    JBM Auto’s consolidated net profit after tax rose to Rs 19.74 crore, up 14.6 percent from the same quarter last year.
  4. SpiceJet, IndiGo Jet Airways fall 1-4% as crude prices surge – 9:35am
    Oil prices rose on Tuesday amid OPEC-led supply cuts and U.S. sanctions against Iran and Venezuela, although analysts expect surging U.S. production and concerns over economic growth to keep markets in check.

ETMarket’s Noon Market update: Consumer Durables shares dip; VIP Industries slips 5%

Benchmark NSE Nifty50 index was down 2.30 points at 10,886.50 while the BSE Sensex was down 20.54 points at 36,374.49.

The S&P BSE Consumer Durables index was trading with losses in Tuesday’s afternoon session.

Shares of VIP Industries (down 4.98 per cent), Crompton Greaves Consumer Electricals (down 2.19 per cent) and Whirlpool of India (down 0.63 per cent) were trading lower.

Blue Star (down 0.55 per cent), Voltas (down 0.28 per cent) and Rajesh ExportsNSE 0.56 % (down 0.24 per cent) too were trading with losses.

Meanwhile, the S&P BSE Consumer Durables index was trading 0.09 per cent up at 21,571.49 around 12:43 pm.

Benchmark NSE Nifty50 index was down 2.30 points at 10,886.50 while the BSE Sensex was down 20.54 points at 36,374.49.

Among the 50 stocks in the Nifty index, 27 were trading in the green, while 23 were in the red.

Shares of SAIL, Reliance Power, Reliance Communications, Petronet LNG, Suzlon Energy, Relinace Capital, Reliance Infra, JP Associates, JSPL and DHFL were among the most traded shares on the NSE.

Pre-market: Indian stocks seen flat with negative bias on lack of fresh triggers, US-China trade talks eyed – 9am

Indian stocks are expected to open marginally down on February 12, 2019 tracking subdued US and Asian stocks as investors preferred to remain on the sidelines ahead of meeting between US and Chinese officials to discuss trade issues. Nifty futures traded 0.15% down at 10,915 on Singapore’s SGX Exchange. Global Markets Asian stocks were subdued ahead of US-China trade meeting due later this month. US stocks ended mixed in a lacklustre trading session on February 11, 2019 as investors await developments on US-China trade deal. Oil Crude oil prices traded with little change on February 11, 2019 on lack of fresh triggers. Stocks to watch Tata Steel BSL: Board approves issuance of non-convertible preference shares worth Rs 12000 crore to Tata Steel Indian Overseas Bank: RBI penalises the lender for Rs 1.5 crore for not monitoring end use of funds JK Tyres: Board approves issuing preference share issue to promoter group.

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