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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Jet Airways dropped 300 flights in Feb and Mar as the aircraft changes its system

Jet Airways has dropped 300 more than flights in Feb and Mar as the aircraft changes its system

Around 60 flights planned for February 28 have been dropped and its mentioned that this is plan of strategy to save around Rs.2,000 crore of expenses.

– TFM Watch

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Dealing with its arrangement to spare expenses and justify tasks, Jet Airways has dropped more than 300 flights in February and March as the aircraft changes its system. It also mentioned that this is plan of strategy to save around Rs.2,000 crore of expenses.

Around 60 flights planned for February 28 have been dropped. While the Jet Airways site says that the flights have been dropped because of ‘operational reasons’, an official included that these are arranged ones and both the controller DGCA and clients have been educated.

“A large number of the dropped flights have been re-directed over center points, and many can in any case return to the framework,” said a senior carrier official. The scratch-offs, the individual emphasized, shouldn’t be connected with the establishing of the carrier’s airplane.

Furthermore, about 100 flights were additionally affected by the runway conclusion in Mumbai, and part conclusion of the Bengaluru airplane terminal because of the Aero India 2019 show. The runway in Mumbai is shut for four hours, three days seven days, till the finish of March.

The rebuilding happens even as Jet Airways advertiser Naresh Goyal and Eithad Airways CEO Tony Douglas met best authorities of State Bank of India on February 27. Etihad claims 24 percent stake in Jet Airways. SBI is the lead loan specialist to the carrier.

Industry administrators said the gathering expected to put completing addresses the goals plan that was cleared by the Jet Airways’ board, and furthermore got approval of its investors, prior in February.

The Indian aircraft, which has over Rs.8,000 crore in the red, is searching for critical liquidity implantation to pay its pilots, specialists and make installments to its lessors.

Modification in Network:

Jet Airways had in 2018 announced plans to save up to Rs.2,000 crore in costs over two years. This followed consecutive quarters of huge losses.

Integral to this plan was to rationalise its operations, including closing stations, shutting down routes and reworking network around its two hubs: Mumbai and Delhi.

The network modification has led to longer duration cancellation of flights. For instance, the airline will not have a direct flight between Thiruvananthapuram and Bengaluru till October 26. Instead, fliers can take stopover flights from Mumbai, for both destinations.

Some of the stations, including Thiruvananthapuram, have also been closed down. And in others, while the centres have not been shut, the crew has been shifted to other stations.

The airline has also stopped direct flights to the Middle East from Kerala, and has instead routed them via Mumbai.

The airline also shut services to some of the North-East destinations, including Silchar, Imphal and Jorhat. But it continues to fly to Guwahati.

The tweaking of the network will continue, said industry executives, and customers have been advised to check for updates.

Source: MoneyControl

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German chemicals group BASF reported 60% Drop in operating profit in Q4

German’s BASF reported 60% Drop in operating profit in fourth-quarter

Final quarter income before interest and tax dove 59 percent to 630 million euros ($715.37 million), over the normal analyst gauge of 598 million euros in a Reuters survey.

Reuters – TFM Watch

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LUDWIGSHAFEN, Germany (Reuters) – German’s BASF announced an about 60 percent drop in final quarter operating profit on Tuesday, because of a sharp decrease in profit at its essential petrochemical production unit.

Final quarter income before intrigue and expense dove 59 percent to 630 million euros ($715.37 million), over the normal examiner gauge of 598 million euros in a Reuters survey.

CEO Martin Brudermueller is feeling the squeeze from analysts and investors to demonstrate that a decrease at the fundamental chemicals unit, which makes materials that go into products for example, heat protection foams or coatings, can be balanced by increase from further developed items, for example, pesticides, impetuses or building plastics.

In any case of weak worldwide economy, with the US – China trade issues burdening key clients in the Chinese car industry, are a drag on BASF’s main concern.

“We will utilize 2019 as a transitional year to develop much more grounded. This year, we are adjusting our structures and procedures, and concentrating our association obviously on the requirements of our clients,” Brudermueller said in an announcement.

Also, low water levels in the Rhine River hampered shipments of key crude materials by freight ship to the gathering’s biggest synthetic complex in Ludwigshafen, while the obtaining of seeds and harvest chemical businesses from Bayer prompted extra costs.

BASF said it was focusing on a slight increment in balanced EBIT for 2019.

Source: Reuters

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Daily Stock Picks and Reco’s – The Future Market’s watch window

Today Stock Picks and Research Calls from Experts & Agencies –

 28th Feb 2019

Research calls by Sharekhan Today:

  • Sell LICHSGFIN at Rs.466 with target price of Rs.462.
  • Buy BIOCON at Rs.624 with target price of Rs.631.
  • Buy NTPC at Rs.136 with target price of Rs.144 and time frame will be 1 to 10 Days.

Reliance Money Intraday Calls:

  • Buy Lupin Ltd at Rs.765 with target price of Rs.786 and a stop loss of Rs.760.
  • Sell Ultratech Cement Ltd at Rs.3,902 with target price of Rs.3810 and a stop loss of Rs.3950.
  • Sell Vedant Ltd at Rs.167 with target price of Rs.159 and a stop loss of Rs.179. Read more at:

Manas Jaiswal of manasjaiswal.com:

  • Titan is a ‘Sell’ call with a target price of Rs.985 and a stop loss of Rs.1031.
  • ICICI Bank is a ‘Sell’ call with a target price of Rs.335 and a stop loss of Rs.351. Read more at:

Kunal Bothra independent market expert:

  • Titan is a ‘Sell’ call with a target price of Rs.980 and a stop loss of Rs.1040.
  • HUL is a ‘Sell’ call with a target price of Rs.1695 and a stop loss of Rs.1757.

CK Narayan of Chart Advise

  • United Spirits is a ‘Buy’ call with a target price of Rs.552 and a stop loss of Rs.533.
  • ICICI Pru is a ‘Buy’ call with a target price of Rs 327 and a stop loss of Rs 314.

5paise trading platforms todays intraday call:

  • Buy NMDC Ltd between Rs.98-99 with target price of Rs.102.5 and a stop loss of Rs.97.7.
  • Buy Biocon Ltd between Rs.624-628 with target price of Rs.640 and a stop loss of Rs.617.
  • Buy SRF Ltd between Rs.2262-2272 with target price of Rs.2245 and a stop loss of Rs.2310.
  • Buy United Spirits Ltd between Rs.538-542 with target price of Rs.560 and a stop loss of Rs.528.Read more at:

Ashwani Gujral of ashwanigujral.com:

  • Buy ICICI Prudential Life Insurance with a stop loss of Rs.315, target of Rs.332.
  • Buy BEML with a stop loss of Rs.830, target of Rs.855.
  • Buy TCS with a stop loss of Rs.2045, target of Rs.2090.
  • Buy Godrej Industries with a stop loss of Rs.490, target of Rs.515.
  • Buy Aurobindo Pharma with a stop loss of Rs.710, target of Rs.735. Read more at:

Sudarshan Sukhani of s2analytics.com:

  • Buy Bharat Forge with stop loss at Rs.500 and target of Rs.520.
  • Buy Colgate Palmolive with stop loss at Rs.1240 and target of Rs.1280.
  • Buy Piramal Enterprises with stop loss at Rs.2280 and target of Rs.2360.
  • Sell Indiabulls Housing Finance with stop loss at Rs.675 and target of Rs.640.
  • Sell Kaveri Seed Company with stop loss at Rs.420 and target of Rs.395.

Mitessh Thakkar of mitesshthakkar.com:

  • Buy Allahabad Bank with a stop loss below Rs.45.95 for target of Rs.51.
  • Sell HDFC Bank below Rs.2082 with stop loss of Rs.2096 and target of Rs.2055.
  • Sell Hindustan Unilever below Rs.1730 with stop loss of Rs.1742 for target of Rs.1705.
  • Buy ICICI Prudential with a stop loss of Rs.315 and target of Rs.333.
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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The e-cigarette maker Juul Labs Inc projected $3.4 billion revenue for 2019

Juul Labs Inc projects $3.4 billion revenue for 2019, Despite Flavored Vape Restrictions

The e-cigarette maker forecasts revenue that would nearly triple from last year.

By  and  on Bloomberg

– TFM Watch

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Bloomberg: Juul Labs Inc.’s move to stop selling most flavored e-cigarettes in U.S. stores dealt a blow to the company’s financial results last quarter, but the maker of America’s most popular e-cigarette device sees it as a minor setback. Juul forecasts revenue of $3.4 billion for 2019, almost triple what it generated last year, according to a person who was briefed on the numbers.

The financial outlook indicates high expectations from the company to sell more of its slender Juul vaping devices and accompanying nicotine pods overseas. It also suggests confidence that other governments won’t follow the U.S. in cracking down on the products, a move prompted by widespread use by teens across the country.

Juul posted fourth-quarter revenue of $424 million, a 2.5 percent decline from the previous quarter, said the person, who asked not to be identified because the information is private. Over the same periods, Juul’s adjusted loss was $70.4 million, compared with a $17 million profit in the prior quarter.

The company told investors it’s on track to make $3.4 billion in net revenue this year, almost triple what it generated last year.

According to the person briefed on the report, Juul told investors the numbers last quarter would have been lower if not for overseas gains. International revenue helped offset U.S. shortfalls after the company stopped selling some nicotine products in November, in anticipation of Food and Drug Administration restrictions on fruit and dessert-flavored e-cigarettes. The increased FDA scrutiny was intended to curb underage e-cigarette adoption.

Juul has said it mainly promotes its products to smokers looking to quit and that it never intended for kids to use them. It took steps last year to reduce youth adoption, including the removal of Juul social media accounts. The company declined to comment on the investor briefing.

The financial results, which haven’t been previously reported, help explain why American tobacco giant Altria Group Inc. paid a hefty premium for Juul stock in December. Altria, which sells Marlboro cigarettes in the U.S., acquired a 35 percent stake in Juul and valued the vaping business at $38 billion. That made the San Francisco-based company one of the world’s most valuable startups and turned the two founders into billionaires.

Juul’s net revenue declined after the company stopped selling some flavored nicotine products in November.

On a conference call last month to discuss Altria’s quarterly earnings report, four-fifths of analysts’ questions focused on the Juul investment. Howard Willard, Altria’s chief executive officer, said they would probably get a closer look at the privately held company’s financial performance later this year if the deal is approved by regulators. “We are excited about Juul’s domestic growth and international prospects,” Willard said. “Juul’s 2018 growth was quite remarkable.”

Altria told analysts that Juul generated about $200 million in 2017. The person briefed on the latest results told Bloomberg that Juul’s 2018 revenue was $1.3 billion and that it made a profit of $12.4 million. Juul anticipates 26 percent of sales will come from international customers by the end of this year. It expects 2019 sales growth of about 160 percent. Meanwhile, Altria’s annual growth rate has been less than 1 percent for the last two years.

Source: Bloomberg

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News should not be missed; Business Deals and Corporate Actions

Business Deals, Company Expansions, Stake Acquisitions and Corporate Actions – 25Th Feb – 27Th Feb

Prakash Poojary, TFM News

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100 sugar mills may face SEBI action; crackdown could freeze cane procurement: Report

Private placement norms allow an unlisted company to privately sell shares to a maximum of 49 people

HG Infra bags an EPC order worth Rs..189.49 crore

HG Infra Engineering has bagged an EPC order worth Rs. 189.49 Crore (Excluding GST & Labour Cess) from Megawide Construction DMCC for Flexible & Rigid Pavement (Runway, Taxiway & Apron) at Green fleld International Airport at MOPA, Goa.

Approval granted for purchase of defence equipment worth Rs.2,700 cr

The meeting of the council, the highest decision-making body for defence purchase, was chaired by Defence Minister Nirmala Sitharaman.

BEML secures contract valued around Rs.400 crore

BEML received contract for 7 Metro train sets of 6 cars configuration to augment the metro services in Bengaluru valued around Rs. 400 crore.

Time Technoplast up on tie-up with Confidence Petroleum

Shares of Time Technoplast rose nearly 9% touching to Rs. 94.1, as the company has entered into a partnership with Confidence Petroleum for making liquefied petroleum gas available across India in blast proof composite cylinders.

Both the companies expect substantial demand for the composite cylinders over the next three-five years.

Lupin launches Minocycline Hydrochloride ER tablets

Lupin announced the launch of Minocycline Hydrochloride Extended-Release Tablets USP 55mg, having received an approval from the United States Food and Drug Administration (FDA) earlier. Lupin’s Minocycline Hydrochloride ER Tablets USP 55mg is a generic version of Medicis Pharmaceutical Corporation’s Solodyn 55 mg. It is indicated to treat only inflammatory lesions of non-nodular moderate to severe acne vulgaris in patients 12 years of age and older.

BOI approves fresh issue of equity shares

Bank of India has announced that board of directors at its meeting held on February 26, has approved issue of fresh equity shares to Government of India, through preferential issue in respect of share application money of Rs.4,638 crore received, after obtaining shareholders and other approvals.

NBCC signs MoU with Raipur SMART City

NBCC signs Memorandum of Understanding with Raipur SMART City as its Executing Agency for the various infrastructure works on deposit work basis. Co will charge project management consultancy (PMC) fees of 8% on the actual cost of work.

Adani Enterprises emerges as highest bidder for Guwahati airport

Adani Enterprises has emerged as the highest bidder for Lokpriya Gopinath Bordoloi International Airport of Guwahati at Rs. 160 per passenger, beating National Investment and Infrastructure Fund’s bid of Rs. 155, as per the report. According to report, with this, the group has emerged as the highest bidder for operating, managing and developing six airports. As of now, Delhi, Mumbai, Hyderabad, Bengaluru and Cochin are the only private-run airports in the country.

DHFL slumps as ICRA downgrades its creditworthiness

Dewan Housing Finance Corporation (DHFL) fell by 8% to Rs.125.45, after the credit rating agency ICRA downgraded the creditworthiness of DHFL’s commercial papers to A2+ from A1+ citing its inability to raise money and generate new business. ICRA has revised the short-term rating outstanding for the Rs. 8000 crore commercial paper (CP) programme of Dewan Housing Finance Corporation (DHFL) to [ICRA]A2+ (pronounced ICRA A two plus) from [ICRA]A1+ (pronounced ICRA A one plus). As on date, DHFL has CP outstanding of Rs. 1,525 crore. The company has indicated to ICRA that it shall buyback substantial portion of this amount over the next one month.

Iran buys Indian raw sugar for the first time in 5 years

Iran is buying the sugar from India to use up the rupees it has received for oil sales to India, the worlds third-largest oil user.

UPL hits 18-month high after Jefferies initiates coverage with buy

Jefferies is constructive on the scale benefits, product mix synergies from Arysta which acquired by the company for $4.2 billion in July 2018.

Palladium soars above $1,550 on mine strike fears; gold rises

Spot palladium traded as high as $1,553 per ounce as of 0400 GMT.

ArcelorMittal says facing risks like excess capex on proposed Essar acquisition

The company said it provided a $567 million performance guarantee in connection with the execution of the resolution plan.

Intellect Design bags multi-million $ deal win from Emirates NBD

Intellect Design Arena announced that Emirates NBD, UAE has selected the company for end-to-end digital transformation of its transaction banking business. The transformation is part of the banking group’s commitment to digitise operations, products and services, enhancing its proposition to corporate clients and retail customers. Supported by Intellect Global Transaction Banking (iGTB), the transaction banking and technology specialist from Intellect Design Arena Limited, the planned project is aimed at strengthening Emirates NBD Transaction Banking’s market leadership and will cover the bank’s operations across trade corridors in the UAE, KSA, Egypt, India, Singapore and the United Kingdom.

HP investors meet: 159 MoUs with Rs.17,000 crore investment commitment signed, says CM Jai Ram Thakur

Stating that such initiatives were never taken before in the state, the CM said efforts would be made to ensure clearances for projects faster.

Businesses underestimate the prospects of 5G technology: Accenture Study

The government/public sector has the lowest awareness of 5G, with 59 percent believing it will be 10 times faster than 4G.

BSE stock options: Sebi slaps Rs 32 lakh fine on 6 entities for fraudulent trade

After observing a large-scale reversal of trades in the bourse#39;s stock options segment, Sebi conducted a probe into the trading activity in illiquid stock options on the BSE from April 2014 to September 2015.

GE chief Larry Culp sells biopharma business for $21 billion

Culp said the sale to Danaher, where he was chief executive for more than a decade until 2014, was a pivotal milestone in efforts to turn around the 126-year old conglomerate.

17 lakh names deleted from electoral rolls in Maharashtra

More names were likely to be deleted in the coming weeks as the process of authentication of voters was underway, the ECI official said.

Tata Elxsi collaborates with Portuguese company

Tata Elxsi and NOS announce the launch of the Digital Operations Transformation Toolbox for communication and entertainment service providers. DOTT 2.0 offers an intelligent operations automation framework built using open source technology for user-defined service definition, zero touch provisioning, validation and scheduling of field partners for provisioning and testing scenarios thus enhancing customer digital experience. It also provides an extensible roadmap for service rollout and monitoring use cases, enabling communication service providers to launch new services rapidly. At 1.57 pm, Tata Elxsi was trading at Rs. 905.65, up by 0.06%, with a volume of 6867 shares on the BSE.

RPP Infra Projects wins a new order of Rs.105.7 crore

RPP Infra Projects has secured a LoA (Letter of Acceptance) worth Rs. 105.7 crore from the Tamil Nadu Slum Clearance Board for construction of 972 tenements at Moorthingar Street in Chennai. This project falls under the prestigious Housing for All (PMAY) scheme of the Government of India. RPP lnfra’s order book at the end of Q3FY19 stood at over Rs. 1,555.00 crore & the company has won new orders worth over Rs. 490.00 crore after Q3FY19.

Benelli Leoncino 500, Imperiale 400 confirmed for India launch in 2019

After forging a new partnership with Adishwar Auto Ride India, the Italian manufacturer announced the launch of five new products in 2019.

JSPL lowest bidder in RVLNs 4.45 LT rail tender: MD

RVNL functions as an extended arm of the Ministry of Railways. It is empowered to act as an umbrella special purpose vehicle (SPV) to undertake projects directly or by creating project specific SPVs, according to its website.

India to get 5G by 2021, ban on certain vendors won’t delay roll out: Nokia

The companys CEO Rajeev Suri said that after leading markets like the US, South Korea, China, emerging markets including India, Latin America, and certain developed markets will see roll out of the next generation technology by 2021, where million of trade secrets will flow on the network; and security will be a top priority for businesses.

Adani Ports falls on acquisition plan of Adani Agro

Adani Ports and Special Economic Zone fell over 8% to Rs.323, after Adani Logistics, a unit of Adani Ports and SEZ on Saturday announced that it would be acquiring Adani Agri Logistics from Adani Enterprises in an all-cash deal.

KPR Mills to set up Ethanol plant in Karnataka

KPR Mills to set up Ethanol plant at sugar factory in Karnataka with a capacity of 90 kL/day. The Project cost is Rs. 120 crore. Production is expected to commence from next season. This will increase the value addition and reduce the volatility in the sugar business. The Bank finance towards the Project is eligible for 50% lnterest subsidy announced recently by the Central Government.

GST rates on under-construction houses cut to 5% from 12%

The Goods and Tax Council in its meeting on February 24, 2019 cut rates on under-construction properties from 12% to 5% with effect from April 1, 2019 for houses over Rs.45 lakh. The council also reduced GST rates on affordable housing to 1% from the current 8%. However, builders will not be allowed to claim input tax credit under the new GST tax norms.

JBM Group acquires major shareholding in German Auto Major Linde-Wiemann

JBM Group announced that it has acquired a major shareholding in Germany based Linde-Wiemann GmbH KG, a leading manufacturer of complex structural components & assemblies to automotive OEM’s worldwide.

Shilpa Medicare gets USFDA approval for Gemcitabine Injection

Shilpa Medicare received US Food and Drug Administration (USFDA) approval for its ANDA, Gemcitabine for Injection USP, 200 mg/vial and 1 g/vial Gemcitabine for Injection USP is a generic equivalent of reference listed drug (RLD), GEMZAR used in the treatment of ovarian cancer, breast cancer, non-small cell lung cancer & pancreatic cancer as recommended in the label approved by FDA. According to IQVIA MAT 12/2018, the US market for Gemcitabine for Injection USP, 200 mg/vial and 1 g/vlal is approximately US$ 11.7 Million.

Maruti Suzuki expands pre-owned sales network to 200 outlets

The company had relaunched upgraded True Value network with new brand and retail identity 19 months ago.

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SEBI’s action on 100 sugar mills for the breach of private placement norms

100 sugar mills may face SEBI action; crackdown could freeze cane procurement: Report

Private placement norms allow an unlisted company to privately sell shares to a maximum of 49 people

MoneyControl – TFM Watch

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MoneyControl: Nearly 100 sugar mills may face action by the market regulator SEBI for the breach of private placement norms, according to a report by Mint.

The news comes in after a recent regulatory crackdown on two sugar mills in Maharashtra for alleged breach of private placement rules. On January 4, the Securities and Exchange Board of India (SEBI) attached the assets of Lokmangal Agro Industries. A week later, it directed Babanraoji Shinde Sugar & Allied Industries to refund money to individuals to whom it had sold shares.

The move to expand such action to more mills could potentially freeze cane procurement, delay payments to farmers and heighten farm crisis, according to mill owners.

The two mills are accused of violating rules on private placement under the Companies Act, 1956, and the SEBI Act. Private placement norms allow an unlisted company to privately sell shares to a maximum of 49 people. The mills are accused of crossing this limit. Issuing shares to 50 or more people brings the issue within the regulatory ambit.

“In the past three years, we have made around 150 offers and none of them have been to more than 49 people. If SEBI goes ahead with the directions mentioned in the interim order (freezing assets) it would severely impact the company and its stakeholders such as banks and, most importantly, the farmers who are the sellers and have mill ownership, as the funding of the mills would choke,” said Ranjeetsingh Babanrao Shinde, Director, Babanraoji Shinde Sugars & Allied Industries.

According to the report, sugar mills have long been the battleground for a proxy political battle in Maharashtra. The state’s ruling Bharatiya Janata Party (BJP) is said to be trying to dislodge the stranglehold of Congress and the Nationalist Congress Party (NCP) over the sugar industry. SEBI’s actions may further intensify this political battle.

The move may impact sugarcane farmers who supply to these private limited companies. In the case of private sugar factories, equity or preference shares are issued to farmers, giving them ownership.

In Maharashtra, at least 100 sugar mills operate as private limited companies. These include prominent names such as Shri Gurudatt Sugars of Kolhapur, Eco Cane Sugar of Kolhapur, Cane Agro Energy (India), and Sadguru Sri Sri Sakhar Karkhana of Sangli.

Source: MoneyControl News

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Mid-Day Market updates – TFM’s Watch

Mid-Day Market updates – 27th Feb 2019 – Noon Market Update, Buzzing Stocks following PreMarket Report

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Buzzing Stocks on Market Today

  1. Royal Orchid Hotels rallies 3% on opening hotel in Gujarat, Stewart Mackertich sees 60% upside – 11:30am
    – Royal Orchid Hotels currently operates 48 hotels across the country.
  2. Panacea Biotec surges 13% on one-time settlement with lenders – 10:59am
    – The board approved demerger of real estate business of the company through scheme of arrangement subject to applicable approvals.
  3. BEML climbs 4% on order for 7 Metro train sets in Bengaluru – 10:27am
    – The state-owned Mini Ratna company received contract for 7 Metro train sets of 6 cars configuration to augment the metro services in Bengaluru.
  4. Wipro dips 2% as Credit Suisse downgrades, slashes price target by 13% – 10:19am
    – Credit Suisse said the street is already building in 80 bps margin expansion for next year.
  5. LT stock rises after Credit Suisse sees 34% upside as order inflows to be strong – 09:59am
    – Credit Suisse stayed outperform on strong domestic pick-up, lower dependence on Middle East.
  6. Time Technoplast rises 9% on joining hands with Confidence Petroleum – 09:53am
    – The composite cylinders manufactured by Time Technoplast are used world over and Confidence Petroleum India has taken initiative to promote these new generation world class composite cylinders under its brand name GoGas Elite to reach Indian kitchens far wide.
  7. TVS Motor gains 2% after Deutsche Bank upgrades, but cuts price target – 09:42am
    – Deutsche upgraded the stock because it feels the company has been approaching a sweet spot in various categories and may see a sustained increase in margin.

MoneyControl’s Noon D-Street Buzz: Nifty Infra in green led by IRB Infra; UltraTech jumps 2%, Zee Entertainment drags  12:37pm

The top gainers from NSE included UltraTech Cement, Sun Pharma, Bajaj Auto, UPL and NTPC while the top losers included Wipro, Tata Motors, Bharti Infratel, Vedanta and BPCL.

The Indian benchmark indices have turned negative in this Wednesday afternoon session with the Nifty50 down 33 points, trading at 10801 while the Sensex shed 82 points and was trading at 36,891 mark.

Nifty IT was down 1 percent dragged by Wipro, Infosys, HCL Tech, Tech Mahindra and Mindtree.

From the banking space, the top losers were Kotak Mahindra Bank, YES Bank, IDFC First Bank, IndusInd Bank, ICICI Bank and HDFC Bank.

Central Bank of India turned red while Canara Bank, Syndicate Bank, Bank of India and State Bank of India traded in the green.

From the media space, the top losers were Zee Entertainment, EROS International, DB Corp and DEN Networks.

Selective infra stocks were trading in the green led by IRB Infra, NCC, NTPC, Adani Power, CG Power, Tata Communications and Voltas.

The top gainers from NSE included UltraTech Cement, Sun Pharma, Bajaj Auto, UPL and NTPC while the top losers included Wipro, Tata Motors, Bharti Infratel, Vedanta and BPCL.

The most active stocks were YES Bank, Reliance Industries, Axis Bank, TCS and Maruti Suzuki.

UPL, Cantabil Retail India, Odisha Cement, Power Finance Corporation, AstraZeneca Pharma, Bil Energy Systems and Refex Industries have hit new 52-week high in this afternoon session.

35 stocks have hit new 52-week low including GTL Infrastructure, Future Retail, KSS, Nagarjuna Oil Refinery and Visesh Infotecnics among others.

The breadth of the market favoured the advances with 811 stocks advancing and 859 declining while 390 remained unchanged. On the BSE, 1063 stocks advanced, 1207 declined and 126 remained unchanged.

ETMarket’s Noon Market update: 21 stocks hit 52-week lows on NSE  11:44am

Domestic benchmark index NSE Nifty was trading 26.75 points up at 10,862.05 while the BSE Sensex was trading 134.72 points up at 36,108.43.

Around 21 stocks fell to touch their 52-week lows on NSE in Wednesday’s session.

Among the stocks that touched their 52-week lows were Dynacons Systems & Solutions, The Grob Tea Company, Igarashi Motors India, Kitex Garments and N R Agarwal Industries.

Radha Madhav Corporation, Raj Rayon Industries, Thomas Scott and W S Industries also featured among the stocks that touched their 52-week lows on NSE.

On the other hand, AstraZeneca Pharma, Cantabil Retail IndiaNSE -1.22 %, Odisha Cement, Power Finance Corporation and Seamec were the stocks that hit their fresh 52-week highs today.

Domestic benchmark index NSE Nifty was trading 26.75 points up at 10,862.05 while the BSE Sensex was trading 134.72 points up at 36,108.43.

In the Nifty 50 index, UltraTech Cement, Bajaj Auto, Bharti Airtel, Sun Pharma and Larsen & Toubro were among the top gainers on the NSE.

However, Wipro, Bharti Infratel, BPCL, Vedanta and Bajaj Finserv were among the top losers.

Sharekhan Noon Market Update: Markets erase gain on Indo-Pak tensions – 1:00pm

The benchmark indices were trading in red as Pakistan violates Indian air space. At 12.12 pm, Sensex was down by 0.54% or 213 points to 35747. The Nifty slipped by 0.74% or 80 points to 10757.

The Indian rupee is down about 10 paise intraday against the US dollar. One US dollar currently trades at Rs 71.16.

Asian stock market rose ahead of Trump and Kim’s meeting in Vietnam.

Sharekhan’s Pre-market: Indian indices may open higher tracking gains in Asian on dovish Fed – 9:00am

Indian stocks are expected to open higher on February 27, 2019 as Asian stocks gained after Fed Chair Powell’s dovish statement and optimism over US-North Korea talks later today.

US President Donald Trump and North Korean counterpart Kim Jong Un will meet in Vietnam later today.

Nifty futures traded 0.43% higher at 10,869 on Singapore’s SGX Exchange.

Global Markets

US stocks ended lower on February 26, 2019 as investors preferred to remain on the sidelines before next round of US-China trade talks.

Asian stocks gained after US Fed Chair Powell hinted interest rates in the US may not rise in the near term.

Stocks to watch

HDFC AMC: The company approved interim dividend of Rs 12 per share

Reliance Industries: The company said reports of Garden Vareli Brand are mere speculations

Tata Steel: The steel maker approved raising Rs 4000 crore through NCD

NALCO: The company said it will consider an interim dividend for FY2019 on March 1.

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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DAILY MARKET INSIGHTS – 26th Feb 2019

After market update – Markets end lower on Indo-Pak tensions

TFM Watch

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Indian Indexes

The benchmark indices ended lower on February 26, after Indian Air Force (IAF) conducted air strikes on a terror camp across the Line of Control (LoC) in Pakistan occupied Kashmir (PoK). The Sensex slipped by 0.66% or 239.67 points to 35973.71. The Nifty fell by 0.41% or 44.80 points to 10835.30.

Market breadth was in favour of declines with an advance-decline ratio of 1:2.

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26Top Gainer Losers

26Currency

Stocks in the news

1. Intellect Design secured multi-million dollar deal from Emirates NBD.

2. Britannia to replace Hindustan Petroleum in Nifty 50 from March 29, 2019.

3. Adani Enterprises emerged as highest bidder for Guwahati Airport.

4. Kotak Mahindra Bank approved raising of FII/FPI limit to 45% from 43%.

 

Buzzing stocks on BSE

1. Dewan Housing Finance Corporation fell by 4.21% to Rs.130.95, after ratings agency ICRA revised the short-term rating outstanding for the Rs.8,000 crore commercial papers of the company.

2. Max India rose by 3.23% to Rs.83, after reports of PE firm buying stake in Max Bupa Health Insurance Company.

Global Signals

Asian stock markets fell on February 26, as investors seek clarity on US-China trade.

European stock markets were also lower tracking weak Asian stocks on uncertainty over US-China trade details.

 

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Daily Stock Picks and Reco’s – The Future Market’s watch window

Today Stock Picks and Research Calls from Experts & Agencies –

 26th Feb 2019

Research calls by Sharekhan Today:

  • Buy BankBaroda with target price of Rs.107 and time frame will be 1 to 10 Days.
  • Buy NTPC with target price of Rs.144 and time frame will be 1 to 10 Days.
  • Buy WOCKPHARMA with target price of Rs.411 and time frame will be 1 to 10 Days.
  • Buy GRAPHITE with target price of Rs.440 and time frame will be 1 to 10 Days.
  • Buy ESCORTS with target price of Rs.665 and time frame will be 1 to 10 Days.

Reliance Money Intraday Calls:

  • Buy Pidilite Industries Ltd at Rs.1088 with target price of Rs.1145 and a stop loss of Rs.1071.
  • Buy Ceat Ltd at Rs.1071 with target price of Rs.1110 and a stop loss of Rs.1057. Read more at:

Manas Jaiswal of manasjaiswal.com:

  • DCB Bank is a ‘Buy’ call with a target price of Rs.190 and a stop loss of Rs.178.
  • Equitas is a ‘Sell’ call with a target price of Rs.108 and a stop loss of Rs.117. Read more at:

Kunal Bothra independent market expert:

  • Bajaj Auto is a ‘Buy’ call with a target price of Rs.2925 and a stop loss of Rs.2800.
  • Cipla is a ‘Buy’ call with a target price of Rs 562 and a stop loss of Rs 540.

CK Narayan of Chart Advise

  • Kajaria Ceramics is a ‘Buy’ call with a target price of Rs.545 and a stop loss of Rs.528.
  • Apollo Hospitals is a ‘Buy’ call with a target price of Rs.1210 and a stop loss of Rs.1175.

5paise trading platforms todays intraday call:

  • Buy Bata India Ltd between Rs.1305-1313 with target price of Rs.1344 and a stop loss of Rs.1288.
  • Buy Balkrishna Industries Ltd between Rs.850-870 with target price of Rs.870 and a stop loss of Rs.842.
  • Buy REC Ltd between Rs.132-133 with target price of Rs.138 and a stop loss of Rs.129.Read more at:

Ashwani Gujral of ashwanigujral.com:

  • Buy HCL Tech with a stop loss of Rs.1060, target of Rs.1120.
  • Buy UPL with a stop loss of Rs.847, target of Rs.875.
  • Buy UltraTech Cement with a stop loss Rs.3700, target of Rs.3765.
  • Buy Infosys with a stop loss of Rs.748, target of Rs.770.
  • Buy Maruti Suzuki with a stop loss of Rs.6800, target of Rs.7200. Read more at:

Sudarshan Sukhani of s2analytics.com:

  • Buy Interglobe Aviation with stop loss at Rs.1105 and target of Rs.1135.
  • Buy NIIT Tech with stop loss at Rs.1300 and target of Rs.1340.
  • Buy Divis Labs with stop loss at Rs.1560 and target of Rs.1630.
  • Sell Canara Bank with stop loss at Rs.225 and target of Rs.221.
  • Sell Tata Chemicals with stop loss at Rs.570 and target of Rs.560.

Mitessh Thakkar of mitesshthakkar.com:

  • Buy Torrent Pharma with a stop loss of Rs.1790 and target of Rs.1840.
  • Buy HCL Tech with a stop loss of Rs.1069 and target of Rs.1115.
  • Buy YES Bank with a stop loss of Rs.224 and target of Rs.240.
  • Sell Aurobindo Pharma with a stop loss of Rs.721 and target of Rs.682.
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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DAILY MARKET INSIGHTS – 25th Feb 2019

After market update – Strong start to the week, Nifty near 10900

TFM Watch

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Indian Indexes

The benchmark indices resumed rally on positive global cues amid sharp gains in Infosys, TCS, HDFC Bank, ICICI Bank and ITC. The Sensex rose by 0.95% or 341.90 points at 36213.38. The Nifty surged by 0.82% or 88.45 points at 10880.10.

TCS, Grasim Industries, Yes Bank, Infosys and UltraTech Cement were top gainers on the Nifty, while Adani Ports, Bharti Infratel, BPCL, HPCL and Zee Entertainment were amongst the top losers.

Market breadth was in favour of advances with an advance-decline ratio of 3:2.

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25Top Gainer Losers

25Currency

Stocks in the news

1. Shilpa Medicare received USFDA nod for Gemcitabine Injection, used to treat cancer.

2. GST rates on under-construction houses cut to 5% from 12%.

3. Tata Elxsi collaborates with Portuguese company, NOS for digital operations solutions.

 

Buzzing stocks on BSE

1. JBM Auto rose by 2.66% to Rs.270 after company acquired major shareholding in Linde-Wiemann.

2. Adani Ports and Special Economic Zone declined by 8.26% to Rs. 324.85, after Adani Logistics, a unit of Adani Ports and SEZ announced that it would acquire Adani Agri Logistics from Adani Enterprises in an all-cash deal.

Global Signals

Asian stock markets ended with gains while the European stocks traded higher on February 25 on optimism after US President Donald Trump announced an extension to tariff hikes on Chinese imports due on March 1.

 

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Mid-Day Market updates – TFM’s Watch

Mid-Day Market updates – 26th Feb 2019 – Noon Market Update, Buzzing Stocks following PreMarket Report

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Buzzing Stocks on Market Today

  1. Lakshmi Vilas Bank rebounds 3% after falling 1% on rating downgrade – 01:19pm
    – The rating downgrade factors in the continued weak performance of the bank since Q4/FY18 till Q3/9M FY19.
  2. DHFL sinks 8% after ICRA downgrades commercial paper programme – 01:17pm
    – ICRA said it revised the short-term rating outstanding for the Rs 8,000-crore commercial paper (CP) programme of DHFL to A2 from A1 . As on date, DHFL has CP outstanding of Rs 1,525 crore.
  3. Sharda Motor surges nearly 10% as board approves demerger of automobile seating biz – 12:25pm
    – Company has entered into the joint venture (JV) agreement with Eberspaecher Exhaust Technology International GmbH (EET) for business development of BS VI norms in commercial vehicle segment in India also.
  4. Coal India gains as Jefferies sees 44% upside on cheap valuations – 12:08pm
    – The stock price fell 26 percent in last 6 months on volume growth concerns. Hence, the valuation appears cheap at current levels, Jefferies said.
  5. Thermax gains 7% on entering agreement to acquire stake in JV company – 12:05pm
    – The share touched its 52-week high Rs.1,247 and 52-week low Rs.878.05 on 01 March, 2018 and 11 October, 2018, respectively.
  6. UPL hits 18-month high after Jefferies initiates coverage with buy – 11:40am
    – Jefferies is constructive on the scale benefits, product mix synergies from Arysta which acquired by the company for $4.2 billion in July 2018.
  7. Adani Ports falls 3% as Axis Capital downgrades stock – 11:37am
    – Axis Capital said the acquisition of Adani Agro Logistics at an enterprise value of Rs 1,662 crore is expensive, due to which the free cash flow generation has taken theackseat.
  8. Adani Ports falls 3% as Axis Capital downgrades stock – 11:37am
    – Axis Capital said the acquisition of Adani Agro Logistics at an enterprise value of Rs 1,662 crore is expensive, due to which the free cash flow generation has taken the backseat.
  9. Intellect Design Arena rises 2% on multi-million deal win from Emirates NBD – 11:09am
    – Emirates NBD has selected Intellect for end-to-end digital transformation of its transaction banking business.

ETMarket’s Noon Market update: BSE Power index down; CG Power falls over 2%  12:58am

Benchmark NSE Nifty50 index was down 30 points at 10,850.10 while the BSE Sensex was down 140.05 points at 36,073.33.

The S&P BSE Power index was down with its components trading lower in Tuesday’s afternoon session.

Shares of CG Power and Industrial Solutions (down 2.38 percent), Suzlon EnergyNSE -4.42 % (down 2.31 percent), NTPCNSE 0.11 % (down 1.99 percent)and Tata Power Company (down 1.58 percent) were trading in the red.

CESC (down 1.15 per cent), GMR Infrastructure (down 0.91 per cent), Siemens (down 0.75 per cent)and ABB India (down 0.68 percent) too were trading lower.

The S&P BSE Power index was trading 0.65 per cent down at 1807.83 around 12:51 pm.

Benchmark NSE Nifty50 index was down 30 points at 10,850.10 while the BSE Sensex was down 140.05 points at 36,073.33.

Among the 50 stocks in the Nifty index, 19 were trading in the green, while 31 were in the red.

Shares of Reliance Communications, Suzlon Energy, YES Bank, Adani Ports SEZ, Adani Power, Reliance Power, CG Power, JP Associates, DHFL, PNB, Dish TV India, GMR Infra, Tata Motors, Reliance Infra, Ashok Leyland and Vakrangee were among the most traded shares on the NSE.

Sharekhan Noon Market Update: Markets recover. Nifty above 10800 – 1:00pm

The benchmark indices recovered after from opening hour lows. The decline came after Indian Air Force attacked terror camps in Pakistan-occupied Kashmir. At 12.35 pm, Sensex was down by 0.51% or 185 points to 36028. The Nifty slipped by 0.38% or 40 points to 10840.

Majority of the sectoral indices were trading in red led by metal, auto, bank, pharma and energy.

Asian stock markets slipped, as investors seek clarity on US-China trade.

Sharekhan’s Pre-market: Indian indices seen sharply down on reports Indian fighter jets bomb terrorist targets in PoK – 9:00am

Indian stocks are expected to open sharply down on February 26, 2019 after reports showed Indian fighter jets crossed the Line of Control (LoC) to enter Pakistan-occupied-Kashmir (PoK) and bomb Jaish-e-Mohammed (JeM)? hideouts.

Nifty futures traded 0.81% down at 10,804 on Singapore’s SGX Exchange.

Global Markets

US stocks ended notably higher on February 25, 2019 as investors hope US and China to reach consensus on trade tariffs soon.

Optimism over trade talks between the US and China led to gains in Asian stocks on February 26, 2019.

Stocks to watch

Jet Airways: The company clarified reports of SBI mulling insolvency of the airliner are speculative. The airliner also said it is in talks with stakeholders to clear salary dues.

DHFL: ICRA ratings downgraded Rs 8000 crore worth of commercial papers to A2+ from A1+

Lupin: The pharmaceutical has received USFDA nod for Methyl-Prednisolone tablet

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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DAILY MARKET INSIGHTS – 22nd Feb 2019

After market update – Second session of gains, Nifty reclaims 10800 intra-day

TFM Watch

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Indian Indexes

The benchmark indices moved in narrow range throughout the day on February 22, amid mixed Asian markets. The Sensex was down by 0.07% or 26.87 points to 35871.48. The Nifty was up by 0.02% or 1.80 points to 10791.70.

Oil marketing companies gained in trade today as crude prices slipped.

Market breadth was in favour of advances with an advance-decline ratio of at 4:2.

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21Top Gainer Losers

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Stocks in the news

1. Dynamatic Technologies signed a Memorandum of Understanding with SAAB Technologies.

2. BEML partners with Lockheed Martin to explore global & domestic opportunities.

 

Buzzing stocks on BSE

1. Shares of GMR Infrastructure gained 2.80% to Rs.16.55, after the company signed concession agreement to develop a new international airport at Greece.

2. Bharat Electronics rose by 1.61% to Rs.570, after the company signed an MoU with Nagpur-based JSR Dynamics.

Global Signals

Asian stock markets were mostly mixed on February 22, after a slide on Wall Street as investors nervously watched the US-China trade talks in Washington.

European stock markets were mixed, as market participants closely monitored signs of progress in trade talks between the world’s two largest economies.

 

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Mid-Day Market updates – TFM’s Watch

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

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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.

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DAILY MARKET INSIGHTS – 21th Feb 2019

After market update – Second session of gains, Nifty reclaims 10800 intra-day

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Indian Indexes

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.

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21Top Gainer Losers.jpg

21Currency.jpg

Stocks in the news

1. Tech Mahindra approved the proposal for buyback fully paid equity shares of Rs.5 each.

2. Reliance Capital invited Nippon Life Insurance to buy up to 42.88% stake in RNAM.

 

Buzzing stocks on BSE

1. Dynamatic Technologies surged by 3.53% to Rs. 1,341, after the company signed a Memorandum of Understanding with Joint-Stock Company (JSC) Russian Helicopters on Ka-226T Helicopter.

2. Tata Steel rose by 1.49% to Rs. 497.90, after Moody’s Investors Service upgraded the company’s corporate family rating by one notch to Ba2 from Ba3.

3. Shares of Reliance Nippon Life Asset Management Company jumped by 20% to Rs. 187.05, after Reliance Capital invited partner Nippon Life Insurance Company Ltd to acquire a stake in Reliance Nippon Life AMC.

Global Signals

Asian stock markets were mixed on February 21, as investors digest Fed minutes.

European stock markets were also mixed, amid cautious optimism the world’s two largest economies could soon secure a trade deal to end a prolonged dispute.

 

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