Finance Update Uncategorized

Mid-Day Market updates – TFM’s watch window

Mid-Day Market updates – 14th Feb 2019 – PreMarket and Buzzing Stocks

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Buzzing Stocks on Market Today

  1. Repco Home Finance plunges 10% despite robust Q3 numbers – 11:11am
    Revenue jumped 11 percent to Rs.304 crore versus Rs.274 crore.
  2. Bosch rises 3% on better Q3 show – 10:00am
    Revenue from operations during the quarter increased 0.8 percent to Rs.3,095.5 crore compared to Rs.3,072 crore in corresponding period last fiscal.
  3. DHFL falls 5% after resignation of CEO Harshil Mehta – 9:18am
    “However, he would continue to be associated with the company and shall hold the designation of Executive President -Retail Business with effect from February 14, 2019,” DHFL said in a regulatory filing on stock exchanges.

ETMarket’s Noon Market update: Realty shares mixed; Unitech slips over 4%

The Nifty Realty index was trading 0.34 per cent down at 221.30 around 10:59 am.

Realty shares were trading on a mixed note in Thursday’s morning session.

Shares of DLFNSE 2.09 % (up 0.82%) , Oberoi Realty (up 0.30%) , Godrej Properties (up 0.17%) and Indiabulls Real Estate (up 0.07 per cent) were the top gainers in the index.

Unitech (down 4.55%) , Sobha (down 4.11%) , Sunteck Realty (down 2.70%) and Prestige Estates Projects (down 1.30%) were trading in the red.

The Nifty Realty index was trading 0.34 per cent down at 221.30 around 10:59 am.

Benchmark NSE Nifty50 index was down 43.15 points at 10,750.50 while the BSE Sensex was down 104.95 points at 35,929.16.

Among the 50 stocks in the Nifty index, 17 were trading in the green, while 33 were in the red.

Shares of YES Bank, Ashok Leyland, Indian Oil Corp, SBI, NHPC, NTPC, SAIL, PowerGrid, Vodafone Idea and ONGC were among the most traded shares on the NSE.

Noon Market Update: Sensex down 100 points, Nifty below 10750 – 12am

Benchmark indices continued to trade lower tracking weak asian market. At 11.18 pm, Sensex was down by 0.35% or 127.50 points to 35906. The Nifty slipped by 0.46% or 49 points to 10744.

Asian stock market were trading lower as China-US kicked off two days of trade negotiations in Beijing.

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 down on February 14, 2019 tracking sharp rise in crude oil prices on optimism over US-China trade talks amid oil production cuts from Saudi Arabia.

Nifty futures traded 0.33% down at 10,767 on Singapore’s SGX Exchange.

Global Markets

Asian stocks were mixed ahead of US-China trade meeting in Beijing. US stocks ended higher on hopes of possible deal to avoid another government shutdown in coming weeks.

Oil

Crude oil prices traded higher as investors expect global trade to rise after a deal between the US and China.

Stocks to watch

Dewan Housing Corporation: Whole time Director, Harshil Mehta resigns with effect from February 13, 2019

Fortis Healthcare: Appoints Vivek Kumar Goyal as Chief Financial Officer

Tata Power: Sets up a 10MW energy storage system in Delhi.

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