Finance Update

Mid-Day Market updates – TFM’s Watch

Mid-Day Market updates – 7th Mar 2019 – Noon Market Update, Buzzing Stocks following PreMarket Report

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Buzzing Stocks on Market Today

  1. NHPC rallies 8% after Cabinet nod to investment in Chenab valley, acquisition of Lanco Teesta hydro project – 1:40pm
    – The Cabinet has also given its approval for the investment sanction for acquisition of Lanco Teesta Hydro Power (LTHPL) and execution of balance work of the Teesta Stage-VI hydro electric project by NHPC in Sikkim.
  2. Panacea Biotec surges 13% on one-time settlement with lenders – 11:50am
    – Daawat Foods serves as manufacturing arm of LT Foods.
  3. LT gains 3% as construction arm bags contracts in – 11:00am
    – The orders are in the range of Rs 2,500 to Rs 5,000 crore.
  4. Ajmera Realty jumps 5% as promoter increases stake in company – 09:47am
    – Promoter ARIIL Trust raises stake in company by 2.78 percent to 52.81 percent.
  5. HFCL rises 3% on order wins worth Rs 117 crore – 09:35am
    – Himachal Futuristic Communications bagged orders of Rs 117 crore for supply of optical fibre cables from Tata Project.
  6. Biocon shares slide over 2% after USFDA observations on Bengaluru facility – 09:31am
    – The inspection of Biocon#39;s Bengaluru facility was triggered by a New Drug Application submitted by the company#39;s insulin API customer.

MoneyControl’s Noon D-Street Buzz: Nifty PSU Bank outperforms led by PNB; Wipro sheds 2%, RIL most active  1:03pm

The top gainers from NSE included Larsen & Toubro, Mahindra & Mahindra, HPCL, Bharti Infratel and Tata Motors while the top losers included Indiabulls Housing Finance, Wipro, Vedanta, Indian Oil Corporation and YES Bank.

The Indian benchmark indices continues to trade flat this Thursday afternoon with Nifty down 17 points, trading at 11036 while the Sensex shed 10 points and was trading at 36,626 mark.

Nifty Metal was down close to a percent dragged by SAIL, Tata Steel, Jindal Stainless, MOIL, Coal India, NALCO, Hindalco Industries and Hindustan Copper.

Media stocks also remained weak led by DEN Networks which shed 3 percent followed by Zee Entertainment, Hathway Cable, Network18, Sun TV, Jagran Prakashan and TV Today.

From the pharma space, the top losers were Divis Labs, Sun Pharma, Cadila Healthcare and Cipla.

However, Nifty PSU Bank was up close to a percent led by Punjab National Bank, Bank of Baroda, Bank of India, Oriental Bank, Union Bank and Vijaya Bank.

The top gainers from NSE included Larsen & Toubro, Mahindra & Mahindra, HPCL, Bharti Infratel and Tata Motors while the top losers included Indiabulls Housing Finance, Wipro, Vedanta, Indian Oil Corporation and YES Bank.

The most active stocks were Reliance Industries, L&T, M&M, Tata Motors and YES Bank.

19 stocks have hit new 52-week high on NSE including Bata India, Praj Industries, REC, Dalmia Bharat Sugar, Aavas Financiers and Adani Gas.

The breadth of the market favoured the declines with 821 stocks advancing and 891 declining while 357 remained unchanged. On the BSE, 1184 stocks advanced, 1206 declined and 162 remained unchanged.

ETMarket’s Noon Market update: 17 stocks hit 52-week highs on NSE – 11:30am

Overall, 18 shares were trading in the green in Nifty50 index, while 32 were trading in the red.

Around 17 stocks rose to touch their 52-week highs on NSE in Thursday’s session.

Among the stocks that touched their 52-week highs were Aavas Financiers, Adani Gas, Astral Poly Technik and Bata India.

Cantabil Retail India, Mahamaya Steel Industries, Praj Industries, Refex Industries and TCI Express also featured among the stocks that touched their 52-week highs on NSE.

On the other hand, ICRA, Jaihind Projects, Vimal Oil & Foods, Visesh Infotecnics and Diligent Media Corporation were the stocks that hit their fresh 52-week lows today.

Benchmark NSE Nifty index was trading 4 points down at 11,049 while the BSE Sensex was trading 40.28 points up at 36,676.38.Overall, 18 shares were trading in the green in Nifty50 index, while 32 were trading in the red.

In the Nifty 50 index, Larsen & Toubro, HPCL, M&M, Bharti Infratel and PowerGrid were among the top gainers.

Sharekhan Noon Market Update: Markets trade flat with no major action – 1:00pm

The benchmark indices have taken a break after their winning streak and were flat in the afternoon session. At 12.47 pm, Sensex was down by 0.04% or 13 points to 36622. The Nifty fell by 0.15% or 16 points to 11036.

Among the sectoral indices, metal index were under pressure followed by auto, pharma and PSU Bank, while some buying was seen in the energy, infra, FMCG and IT

The trade deficit between India and the US decreased by $1.6 billion, almost 7%, in 2018 as compared to the previous year, according to the latest official figures.

Asian stock markets declined as investors awaited US-China trade resolution.

Sharekhan’s Pre-market: MSTC gets SEBI nod for IPO – 9:00am

The benchmark indices are likely to open flat on Thursday amid weak global cues.

SGX Nifty slipped by 6.00 points to 11091.00.

Indian rupee closed at 70.28, up by 20 paise against the dollar on March 06.

Oil prices eased on March 06, dragged down by record US crude output and rising commercial fuel inventories. US West Texas Intermediate (WTI) crude oil futures were at $56.11 per barrel, down 11 cents, or 0.2 percent, from their last settlement.

Global Markets:

Asian shares rose marginally on March 07, with caution prevailing as investors awaited some kind of resolution to Sino-US trade negotiations, while the euro remained under pressure ahead of the European Central Bank meeting.

European stock markets ended lower on March 07, as US trade deficit jumps to decade high.

Stocks to watch:

HUDCO said it will set up MTN program to raise foreign currency loan

Raymond Ltd terminated development management agreement with subsidiary Colorplus Realty Ltd

HFCL bagged orders of Rs 117 crore for supply of optical fibre cables from Tata Project Ltd

Biocon received six observations under form 483 for its Bengaluru facility.

Market close:

On March 06, Indian stock indices ended with gains for the third straight session on March 6, 2019 as Asian stocks jumped on hopes of an economic stimulus in China after the policymakers slashed its GDP growth forecasts. The Sensex rose by 0.53% or 193.56 points to 36636.10. The Nifty surged by 0.60% or 65.55 points to 11053.00.

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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