Finance Update

Mid-Day Market updates – TFM’s Watch

Mid-Day Market updates – 22nd Feb 2019 – Noon Market Update, Buzzing Stocks following PreMarket Report

Midday-Market-Report.jpg

Buzzing Stocks on Market Today

  1. Prabhat Dairy jumps 2% on approval of merger with Cheese Land Agro – 12:42am
    – Prabhat Dairy jumped close to 3 percent intraday on Friday after the Board at its meeting held on February 13, 2019 considered and approved the Scheme of the Amalgamation and Arrangement.
  2. Dr Reddy’s gains 2% as USFDA completes audit of US plant with no observations – 12:41am
    – The share touched its 52-week high Rs.2,875 and 52-week low Rs.1,888 on 04 February, 2019 and 21 May, 2018, respectively.
  3. GMR Infrastructure gains 2% as co to develop new airport at Greece – 10:06am
    – The scope of the project involves design, construction, financing, operation, and maintenance exploitation of new international airport.
  4. BEML gains 3% as co signs certificate of partnership with Lockheed Martin – 09:52am
    – The share touched its 52-week high Rs.1,418.05 and 52-week low Rs.521 on 05 March, 2018 and 26 October, 2018, respectively.
  5. Dynamatic Technologies rises 5% on signing MoU with SAAB Technologies – 9:40am
    – The share touched its 52-week high Rs.2,153.85 and 52-week low Rs.1,211 on 26 February, 2018 and 19 February, 2019, respectively.
  6. Bharat Electronics jumps 2% on deal with JSR Dynamics – 9:31am
    – BEL also signed an agreement with Hughes India to work on satellite communication solutions for helicopters under the Ministry of Defence.

ETMarket’s Noon Market update: OMCs trade in the green; IOC, HPCL among top gainers – 12:30am

The S&P BSE Oil & Gas index was trading 1.37% up at 13,685.95 around 12:23 pm.

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

Shares of Indian Oil Corporation (up 4.69%), Hindustan Petroleum Corporation (up 4.09%), Castrol India (up 2.97%) and Bharat Petroleum Corporation (up 2.93 per cent) were the top gainers in the index.

Oil India (up 2.67%) , Oil And Natural Gas Corporation (up 1.94%) and Indraprastha Gas (up 0.93%) too were trading higher.

The S&P BSE Oil & Gas index was trading 1.37 per cent up at 13,685.95 around 12:23 pm.

Benchmark NSE Nifty50 index was up 2.60 points at 10,792.45 while the BSE Sensex was down 26.88 points at 35,871.47.

Among the 50 stocks in the Nifty index, 35 were trading in the green, while 15 were in the red.

Shares of Reliance Communications, Suzlon Energy, Reliance Power, Kotak Bank, JP Associates, Reliance Infra, YES Bank, CG Power, Dish TV India and Reliance Capital were among the most traded shares on the NSE.

MoneyControl D-Street Buzz: Oil & gas stocks gain led by HPCL, IOC; Wipro at new 52-week high, Suzlon rallies – 12:30am

The top gainers from NSE included Indian Oil Corporation, HPCL, Vedanta, BPCL and Indiabulls Housing Finance while the top losers included Kotak Mahindra Bank, Reliance Industries, Cipla, HDFC Bank and Asian Paints.

The Indian benchmark indices continues to trade in the red in this afternoon session with the Nifty50 down 10 points, trading at 10779 while the Sensex shed 63 points and was trading at 35,834 mark.

Bank Nifty was down over half a percent dragged by Kotak Mahindra Bank which fell close to 4 percent followed by HDFC Bank, Federal Bank and Axis Bank.

From the oil & gas space, the top losers were Reliance Industries which shed 1% followed by GAIL India, Asian Oil, MRPL and Chennai Petro among others.

However, Nifty Auto was up 1% led by Motherson Sumi Systems which jumped 5% followed by Mahindra & Mahindra, Hero MotoCorp, Maruti Suzuki and Ashok Leyland.

Selective metal stocks were trading higher led by Jindal Stainless, JSW Steel, MOIL, Vedanta and Coal India.

Nifty Realty was trading in the green led by Unitech which jumped 4 percent followed by Oberoi Realty, DLF, Indiabulls Real Estate and Prestige Estates.

Selective pharma stocks were buzzing led by Piramal Enterprises, Glenmark Pharma, Sun Pharma and Dr Reddy’s Labs.

From the BSE midcap space, the top gainers were Reliance Infra which spiked 9 percent followed by Reliance Nippon Life, KIOCL, Reliance Capital, Reliance Power and Castrol India while from the BSE smallcap space, the top gainers were Suzlon Energy which zoomed 18 percent followed by GVK Power, HCL Infosystems, Reliance  Communications and TVS Electronics.

The top gainers from NSE included Indian Oil Corporation which jumped 4 percent followed by HPCL, Vedanta, BPCL and Indiabulls Housing Finance while the top losers included Kotak Mahindra Bank, Reliance Industries, Cipla, HDFC Bank and Asian Paints.

The most active stocks were Kotak Mahindra Bank, Indiabulls Housing Finance, YES Bank, Reliance Industries and ICICI Prudential Mutual Fund.

Aavas Financiers, Bata India, Balrampur Chini, ICICI Lombard General Insurance, Wipro and Refex Industries have hit new 52-week high in this afternoon session.

45 stocks have hit new 52-week low on the NSE including names like Mcnally Bharat Engineering, Shilpi Cable, Simbhaoli Sugars, Vardhman Holdings and Visagar Polytex among others.

The breadth of the market favoured the advances with 1170 stocks advancing and 495 declining while 395 remained unchanged. On the BSE, 1471 stocks advanced, 731 declined and 122 remained unchanged.

Sharekhan Noon Market Update: Markets trade flat but still in red – 1:00pm

Indian equities were trading flat amid mixed Asian markets. Among the sectors, infra, energy and metal were witnessing some selling pressure, while FMCG, IT and pharma indices were trading higher. At 12.26 pm, Sensex was down by 0.10% or 31 points to 35868. The Nifty slipped by 0.01% or 2 points to 10788.

The Indian rupee is trading higher at 71.16 per dollar versus previous close 71.25

Asian stock markets were mixed on February 22, following weak US economic data overnight.

Sharekhan’s Pre-market: SGX Nifty slips by 32.50 points. Markets set to open in red – 9:00am

Indian stock markets are likely to open lower on tracking weak cues from fellow Asian peers. SGX Nifty at 10781 fell by 32.50 points.

Indian rupee closed at 71.25, down by 14 paise against the dollar on Thursday (February 21, 2019).

Global Markets

Asian stock markets mostly declined on February 22, weak US economic data overnight.

European stock markets close lower on February 21, amid weak earnings and economic data.

Market Close

On February 21, benchmark indices closed on a positive note, with the Sensex settling a tad below 35900. The market rose for the second day and clocked their best two-day rally in nearly three weeks. The Sensex surged by 0.40% or 142.09 points to 35898.35. The Nifty rose by 0.51% or 54.40 points to 10789.85.

Stocks to watch

Gabriel India’s Chief Financial Officer Rajendran Arunachalam resigned with effect from March 8.

Bharat Electronics signed a teaming agreement with Hughes India

BEML signed a ‘Certificate of Partnership’ with Lockheed Martin Aeronautics

Dyanamatic Technologies signed an MoU with SAAB Technologies

AU Small Finance Bank entered into an agreement with ACKO General Insurance

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.

Subscribe with your Email to get daily updates.[jetpack_subscription_form show_only_email_and_button=”true” custom_background_button_color=”#362e77″ custom_text_button_color=”#ffffff” submit_button_text=”Subscribe” submit_button_classes=”wp-block-button__link has-text-color has-white-color has-background has-dark-blue-background-button-color” show_subscribers_total=”false” ]

Leave a Reply