Finance Update

Mid-Day Market updates – TFM’s Watch

Mid-Day Market updates – 20th Feb 2019 – Noon Market Update, Buzzing Stocks following PreMarket Report

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Buzzing Stocks on Market Today

  1.  Varun Beverages slips nearly 2% post Q3 numbers – 12:44am
    The share touched its 52-week high Rs 849.00 and 52-week low Rs 592.80 on 21 September, 2018 and 23 March, 2018, respectively.
  2. Prism Johnson rises 3% as co issues LoI to set up power generation system – 10:54am
    The project would be commissioned by June 2020.
  3. Vedanta rises 3% after denying rumours of bid for Essar Steel – 10:30am
    Vedanta also said it will file a writ petition before the Madras High Court against orders directing the closure of the Sterlite copper plant.
  4. CG Power jumps 7%, Jain Irrigation gains over 1% on FO ban reversal – 10:05am
    Securities in ban period under the FO segment include companies in which the security has crossed 95 percent of the market-wide position limit.
  5. Jet Airways falls nearly 2% as HSBC maintains reduce rating, cuts target – 9:57am
    According to research house operationally, there is a lot needs to be changed to ensure sustainability.
  6. Majesco gains 6% as APL selects Majesco LA and Group core suite – 9:45am
    The share has touched an intraday high of Rs 467.95 and an intraday low of Rs 455.
  7. Essel Propack climbs 3% on receiving inter corporate deposit – 9:35am
    Essel has already received Rs 25.30 crore in last month. The balance amount is expected to be received by March 2019.
  8. Duke Offshore locked at 20% upper circuit on new contract – 9:30am
    The contract is for a period of 2 years with an extension option upto 30 months and will start in the month of February 2019.
  9. Aarti Industries gains 4% on $125 million multi-year deal – 9:28am
    The contract entails supply of a high value specialty chemical intermediate for a period of 10 years.

ETMarket’s Noon Market update: OMCs trade in the green; GAIL, ONGC among top gainers – 1:00pm

Benchmark NSE Nifty50 index was up 52.40 points at 10,656.75 while the BSE Sensex was up 162.59 points at 35,515.20.

All OMCs were in the green in Wednesday’s afternoon session with its sectoral index on BSE trading higher.

Shares of GAIL (India) (up 2.60 per cent), Oil And Natural Gas Corporation (up 1.76 per cent), Hindustan Petroleum Corporation (up 1.75 per cent), and Bharat Petroleum Corporation (up 1.51 per cent) were the top performers in the index.

Indian Oil Corporation (up 1.11 per cent), Castrol India (up 1.05 per cent), Reliance Industries (up 0.58 per cent) and Petronet LNG (up 0.26 per cent) too were trading higher.

The S&P BSE Oil & Gas index was trading 1.26 per cent up at 13,285.06 around 12:30 pm.

Benchmark NSE Nifty50 index was up 52.40 points at 10,656.75 while the BSE Sensex was up 162.59 points at 35,515.20.

Among the 50 stocks in the Nifty index, 37 were trading in the green, while 13 were in the red.

Shares of Reliance Communications, Reliance Power, Suzlon Energy, JP Associates, CG Power, Reliance Capital, Reliance Infra, YES Bank, JSPL and Kaveri Seed were among the most traded shares on the NSE.

MoneyControl D-Street Buzz: Metal stocks shine led by JSPL; Tata Steel jumps 3%, HUL in red – 1:00pm

The top gainers from NSE included Indiabulls Housing Finance, Tata Steel, Vedanta, Adani Ports and GAIL India while the top losers included Bajaj Auto, Hindustan Unilever, Bharti Infratel, Hero MotoCorp and TCS.

The Indian benchmark indices continues to trade on a positive note but has come of the high point of the day with the Nifty50 up 57 points, trading at 10661 while the Sensex gained 172 points and was trading at 35,524 mark.

Nifty Metal was the outperforming sector, up 2 percent led by Jindal Steel & Power which jumped 5 percent followed by Jindal Stainless, Hindalco Industries, Tata Steel, JSW Steel, SAIL and Vedanta.

Selective PSU banks showed handsome gains led by Central Bank of India, Indian Bank, Syndicate Bank, Union Bank, IDBI Bank, State Bank of India, PNB, Canara Bank and Bank of India.

From the IT space, the top gainers were KPIT Tech which gained 6 percent followed by Infosys, Tata Elxsi and Tech Mahindra.

However, Nifty FMCG slipped into the red with loses from Jubilant Foodworks which shed 3 percent followed by Hindustan Unilever, Emami, Proctor & Gamble and GSK Consumer.

From the BSE midcap space, the top gainers were JSPL, Shriram Transport, Edelweiss Financial and SAIL while the top losers were Reliance Capital, Reliance Infra, PAGE Industries and NALCO.

From the BSE smallcap space, the top gainers were Tejas Networks which zoomed 14 percent followed by 3i Infotech, Alphageo and BL Kashyap & Sons while the top losers were Reliance Communications, PNC Infra, KSE and Mercator.

The top gainers from NSE included Indiabulls Housing Finance, Tata Steel, Vedanta, Adani Ports and GAIL India while the top losers included Bajaj Auto, Hindustan Unilever, Bharti Infratel, Hero MotoCorp and TCS.

The most active stocks were Kaveri Seed Company, TCS, YES Bank, Reliance Industries and Tata Steel.

Aavas Financiers, Balrampur Chini and Cantabil Retail have hit new 52-week high in this afternoon session.

109 stocks have hit new 52-week low on the NSE including names like ABG Shipyard, Exide Industries, Himadri Speciality Chemical, JK Tyre & Industries, Kaveri Seed Company, TVS Motor and Transformers And Rectifiers among others.

The breadth of the market favoured the advances with 1044 stocks advancing and 626 declining while 391 remained unchanged. On the BSE, 1281 stocks advanced, 947 declined and 122 remained unchanged.

Sharekhan Noon Market Update: Markets remain in green. Sensex up 200 points – 1:00pm

The benchmark indices were trading higher led by gains in Infosys, RIL, L&T, HDFC Bank and HDFC. At 12.30 pm, Sensex rose by 0.58% or 202 points to 35561. The Nifty surged by 0.67% or 71 points to 10677.

Majority of the sectors were trading in green led by realty, energy, metal, infra, pharma and FMCG.

Asian stock market were mixed, after US President Donald Trump hinted once again that a closely watched trade deadline in March may be pushed back.

Sharekhan’s Pre-market: SGX Nifty surges by 56.50 points. Market set open in green – 09:00AM 

Indian shares are set to open higher on February 20, as Asian stocks edged up after Donald Trump said US-China trade talks are going well.

SGX Nifty at 10670 rose by 56.50 points.

Indian rupee closed at 71.34 against the dollar on February 20.

Global Markets

Asian stock markets were trading higher on February 20, after US President Donald Trump hinted once again that a closely watched trade deadline in March may be pushed back.

European stock markets closed lower on February 19, as market participants anxiously waited for details from the latest round of US-China trade talks.

Market Close

Indian stock markets slipped in the last hour of trade on February 19, to close lower as IT shares dragged, particularly TCS and Infosys along with HDFC. The Sensex slipped by 0.41% or 145.83 points to 35352.61. The Nifty fell by 0.34% or 36.60 points to 10604.35.

Stocks to watch

Majesco arm received a contract for digital solutions from American Public Life Insurance Company.

Essel Propack received further Rs.40 crore towards repayment of outstanding dues of inter corporate deposit.

Emami Realty approved raising Rs 100 crore via NCDs.

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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