Finance Update

Mid-Day Market updates – TFM’s Watch

Mid-Day Market updates – 19th Feb 2019 – Noon Market Update, Buzzing Stocks following PreMarket Report

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Buzzing Stocks on Market Today

  1. Graphite India slips 3% on operations closing order from KSPCB – 12:05am
    The company has commenced stoppage of graphite furnaces in a phased manner and in sequence.
  2. NLC India gains 2% as co joins hands with NHPC on power trading – 9:50am
    This MoU will create win-win situation for the generators and bulk consumers.
  3. Emami rises 5% post stake sales by promoters – 9:31am
    The promoters of Emami Group announced a sale of 10 percent stake in Emami, raising approximately Rs 1600 crore.
  4. Ambuja Cements rises 2% after strong Q4 results – 9:24am
    Ambuja Cements Q4 standalone net profit jumped 58.8% YoY to Rs.537 crore.

ETMarket’s Noon Market update: 145 stocks hit 52-week lows on NSE – 12:00AM

Domestic benchmark index NSE Nifty was trading 37.40 points up at 10,678.35 while the BSE Sensex was trading 145.87 points up at 35,644.31.

Around 145 stocks fell to touch their 52-week lows on NSE in Tuesday’s session.

Among the stocks that touched their 52-week lows were Ashapura Intimates Fashion, Arvind, Bal Pharma, BF Investment, Cera SanitarywareNSE -1.26 % and LT Foods.

DCM, Dena Bank, Prataap Snacks, Gayatri Projects, IDFC and JK Tyre & Industries also featured among the stocks that touched their 52-week lows on NSE.

On the other hand, Balrampur Chini Mills, SKF India and TCNS Clothing Company were the stocks that hit their fresh 52-week highs today.

Domestic benchmark index NSE Nifty was trading 37.40 points up at 10,678.35 while the BSE Sensex was trading 145.87 points up at 35,644.31.

In the Nifty 50 index, Bharti Airtel, Vedanta , Grasim Industries, ICICI Bank and BPCL were among the top gainers on the NSE.

However, Infosys, NTPC, Dr. Reddys Lab, TCS and Indiabulls Housing Finance were among the top losers.

MoneyControl D-Street Buzz: PSU banks gain led by Bank of India; ICICI Bank jumps 2%, IT drags – 12:00AM

The top gainers from NSE included Vedanta, Bharti Airtel, ICICI Bank, BPCL and Grasim Industries while the top losers included NTPC, Infosys, TCS, Dr Reddy’s Labs and Tech Mahindra.

The Indian stock market continues to hold on to the respective morning gains with the Nifty50 up 37 points, trading at 10677 while the Sensex was up 131 points and was trading at 35,630 mark.

Nifty Realty was the outperforming sector, up 2 percent led by gains from Prestige Estates, DLF, Sunteck Realty, Unitech, Brigade Enterprises and Sobha.

PSU banks have also advanced led by Bank of India, Vijaya Bank, Bank of Baroda, Canara Bank, Indian Bank, PNB, State Bank of India and Syndicate Bank.

Selective midcap stocks were also buzzing in this afternoon session with gains from Apollo Tyres, Castrol India, Century Textiles and Industries, Cholamandalam Investment, GMR Infra, M&M Financial Services, PFC, REC and Tata Chemicals among others.

From the metal space, the top gainers were Hindalco Industries, NALCO, SAIL, Tata Steel, Vedanta and Hindustan Copper.

However, Nifty IT was underperforming dragged by Infosys, TCS, Tech Mahindra, KPIT Tech and Wipro.

From the BSE midcap space, the top gainers were Emami which zoomed 14 percent followed by GMR Infra, Bank of India, IDBI Bank, JSW Energy and Indian Bank while from the BSE smallcap space, the top gainers were Tourism Finance Corporation, Ujjas Energy and Ansal Properties.

The top gainers from NSE included Vedanta, Bharti Airtel, ICICI Bank, BPCL and Grasim Industries while the top losers included NTPC, Infosys, TCS, Dr Reddy’s Labs and Tech Mahindra.

The most active stocks were TCS, ITC, Infosys, YES Bank and Dr Reddy’s Labs.

Balrampur Chini Mills, SKF India and TCNS Clothing have hit new 52-week high in this afternoon session.

155 stocks have hit new 52-week low on the NSE including names like Bharat Bijlee, Clariant Chemicals, LT Food, Dena Bank, Firstsource Solutions, Indo Count Industries, GNFC, Mirza International, Punj Lloyd, Tata Coffee and Welspun India among others.

The breadth of the market favoured the advances with 1078 stocks advancing and 555 declining while 426 remained unchanged. On the BSE, 1342 stocks advanced, 834 declined and 120 remained unchanged.

Sharekhan Noon Market Update: Markets remain in green. Sensex up 150 points – 1:00AM

Benchmark indices were trading higher led by gains in RIL, ICICI Bank, ITC and HDFC Bank. Majority of the sectors were trading green. At 11.22 am, Sensex was up by 0.43% or 153 points to 35654. The Nifty rose by 0.40% or 43 points to 10683.

Brent crude oil prices eased away from 2019 highs on February 19, on caution that economic growth may dent fuel demand this year, although supply cuts led by producer cartel OPEC still meant markets were relatively tight. International Brent crude oil futures were at $66.08 per barrel, down 42 cents, or 0.6% from their last close. US West Texas Intermediate (WTI) crude futures were at $55.71 per barrel.

Sharekhan Pre-market: Indian stocks may open higher tracking surge in Asian Markets on US China trade talk hope US-China trade talk hope – 09:45AM 

Indian stocks are expected to open higher on February 19, 2019 as Asian stocks rose on hopes of a deal between the US and China.

Nifty futures traded 0.10% higher at 10,664 on Singapore’s SGX Exchange.

Global Markets

Asian stocks traded higher on optimism over progress in US-China trade talks.

US stocks ended sharply higher buoyed by progress in trade talks between the US and China.

Oil

Crude oil prices rose to three-month high on increase in supply cuts by Saudi Arabia.

Stocks to watch

Varun Beverages: The company has bagged contract from PepsiCo to bottle and distribute drinks.

Tata Motors: Tata Sons bought 1.18 crore shares of Tata Motors last week.

Emami: Promoters of the company, namely the Agarwal and Goenka families sold 10% stake to repay debt.

Disclaimer: The views and investment tips expressed by investment experts are their own and not that of the website or its management, thefuturemarkets.com advises users to check with certified experts before taking any investment decisions.

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