The Nifty breached the 8100 mark while the Sensex too traded in the negative zone even as Finance Minister Arun Jaitley said that the RBI is releasing adequate currency everyday post demonetisation Shares of non-banking finance companies are likely to fall further as sentiment takes a hit due to uncertainty over earnings after demonetisation.
At 2.30 pm, the S&P BSE Sensex is trading at 26324.27 down 44.13 points, while the Nifty is trading at 8089, down 16.80 points.
Ambuja Cement maintained its position of the highest gainer in trade for the day so far, followed by TCS, Infy, Coal India, NTPC and ITC. Among the biggest losers are Idea, Bosch, Bank Of Baroda, ICICI Bank, Bajaj Auto and Tata Steel.
TCS is so far among the highest gainers of the trade following the exit of Cyrus Mistry who announced his resignation from the boards of Tata Motors, Indian Hotels and four other companies.
A total of 12 stocks registered a fresh 52-week high in trade today, while 20 stocks touched a new 52-week low on the NSE.
Out of 1888 stocks traded on the NSE, 1162 declined, 408 advanced and 318 remained unchanged today.
The BSE Mid-cap Index is trading down 1.31% at 12014.05, whereas BSE Small-cap Index is trading down 0.94% at 11944.44.
The INDIA VIX is down 1.49% at 14.61.
Indices down Bajaj Hindustan off lows, down 0.5% as company to sell its Rs 18 bln power plant to group company. Idea cellular down 3.5%, worst hit on Nifty 50.
Shares of non-banking finance companies are likely to fall further as sentiment takes a hit due to uncertainty over earnings after demonetisation and as Maharashtra government said it will set up a probe on violations by microfinance companies in the state.
Shares of Mahindra & Mahindra Financial, Bharat Financial Inclusion, Bajaj Finance, Can Fin homes, Dewan Housing Finance were down 2-6%.
Shares of Prestige Estates Projects were up 5% at Rs172.20 as the company's results for the quarter ending December are not expected to see any major hit due to the currency demonetisation, analysts say.
India Ratings and Research (IndRa) has assigned Yes Bank Ltd a LongTerm Issuer Rating of ‘IND AA+’ with a Stable Outlook and ShortTerm Issuer Rating of ‘IND A1+’. The agency has also assigned Yes Bank’s proposed Rs 21 billion of Basel III Additional Tier1 (AT1) bonds an ‘IND AA’ rating with a Stable Outlook.
ICRA has assigned the rating of [ICRA]AAA(stable) to Rs. 15,000 crore Unsecured redeemable long term bonds of ICICI Bank Limited.It also has rating outstanding of [ICRA]AAA with a stable outlook on Rs. 23,050 crore of Lower Tier II Bonds Programme, Rs. 20,000 crore Unsecuredredeemable long term bonds programme and Rs. 146 crore of long term bonds of IBL.
Asian indices traded in red with Hang Seng at 21,729.06, Straits Times at 2,905.35 while Nikkei 225 traded in green at 19,494.53.
For the European markets, DAX traded in green at 11,439.27 and so was CAC 40 at 4,837.60, while FTSE 100 traded in red at 7,005.24
Bank of Japan, on expected lines, has kept policy rates unchanged; says economy will witness moderate growth and will persist with asset purchasing till Japan reaches 2 pc inflation.
Buzzing Stocks:
Govt may announce winner of Rs 60,000 cr defence order today. Titagarh Wagon very interesting contender along with Tata Power.
Cos to focus: L&T, M&M, Pipavav, TaMo + Bharat Forge, Tata Power + Titagarh wagon.
Lupin announced the launch of a generic version of its voriconazole tablets and oral suspension used for the treatment of fungal infections in children.
Cipla has received final approval from the US health regulator for lipid regulating Fenofibrate tablets.
Steel Authority of India Ltd (SAIL) is in talks with Japan's Nippon Steel and Sumitomo MetalCorp and Kobe Steel Ltd for potential technical agreements to help the firm expand its global footprint.
The board of directors of Pennar Industries Ltd is evaluating the merger of its subsidiary Pennar Enviro Ltd into Pennar Industries.
Stung by fluctuation in price of coking coal, Steel Authority of India Limited (SAIL) is desperately seeking an alternative solution to reduce its dependence on imports.
The government over the next few days will examine the status of 72 coal blocks allocated either through allotment or auction route to companies like NTPC, JSW Steel, Hindalco and SAIL.
Jindal Steel and Power Ltd (JSPL) has lined up Rs 80 bn additional investment for its Odisha operations. The money will be spent on the addition of a blast furnace to take its Angul steel plant capacity to 6mt, setting up of a cement plant, laying of the slurry pipeline to carry iron ore from mines to the steel plant and setting up of a pellet plant.
Divi's Laboratories Limited has chalked out alternate plans to keep the capacity expansion going after the Rs 5 bn greenfield project near Kakinada ran into rough weather, first by the local protests and later by an interim order issued by Hyderabad high court pertaining to the project land.
Glenmark is developing specialty respiratory and dermatology products as a part of its long-term growth strategy.
At 2.30 pm, the S&P BSE Sensex is trading at 26324.27 down 44.13 points, while the Nifty is trading at 8089, down 16.80 points.
Ambuja Cement maintained its position of the highest gainer in trade for the day so far, followed by TCS, Infy, Coal India, NTPC and ITC. Among the biggest losers are Idea, Bosch, Bank Of Baroda, ICICI Bank, Bajaj Auto and Tata Steel.
TCS is so far among the highest gainers of the trade following the exit of Cyrus Mistry who announced his resignation from the boards of Tata Motors, Indian Hotels and four other companies.
A total of 12 stocks registered a fresh 52-week high in trade today, while 20 stocks touched a new 52-week low on the NSE.
Out of 1888 stocks traded on the NSE, 1162 declined, 408 advanced and 318 remained unchanged today.
The BSE Mid-cap Index is trading down 1.31% at 12014.05, whereas BSE Small-cap Index is trading down 0.94% at 11944.44.
The INDIA VIX is down 1.49% at 14.61.
Indices down Bajaj Hindustan off lows, down 0.5% as company to sell its Rs 18 bln power plant to group company. Idea cellular down 3.5%, worst hit on Nifty 50.
Shares of non-banking finance companies are likely to fall further as sentiment takes a hit due to uncertainty over earnings after demonetisation and as Maharashtra government said it will set up a probe on violations by microfinance companies in the state.
Shares of Mahindra & Mahindra Financial, Bharat Financial Inclusion, Bajaj Finance, Can Fin homes, Dewan Housing Finance were down 2-6%.
Shares of Prestige Estates Projects were up 5% at Rs172.20 as the company's results for the quarter ending December are not expected to see any major hit due to the currency demonetisation, analysts say.
India Ratings and Research (IndRa) has assigned Yes Bank Ltd a LongTerm Issuer Rating of ‘IND AA+’ with a Stable Outlook and ShortTerm Issuer Rating of ‘IND A1+’. The agency has also assigned Yes Bank’s proposed Rs 21 billion of Basel III Additional Tier1 (AT1) bonds an ‘IND AA’ rating with a Stable Outlook.
ICRA has assigned the rating of [ICRA]AAA(stable) to Rs. 15,000 crore Unsecured redeemable long term bonds of ICICI Bank Limited.It also has rating outstanding of [ICRA]AAA with a stable outlook on Rs. 23,050 crore of Lower Tier II Bonds Programme, Rs. 20,000 crore Unsecuredredeemable long term bonds programme and Rs. 146 crore of long term bonds of IBL.
Asian indices traded in red with Hang Seng at 21,729.06, Straits Times at 2,905.35 while Nikkei 225 traded in green at 19,494.53.
For the European markets, DAX traded in green at 11,439.27 and so was CAC 40 at 4,837.60, while FTSE 100 traded in red at 7,005.24
Bank of Japan, on expected lines, has kept policy rates unchanged; says economy will witness moderate growth and will persist with asset purchasing till Japan reaches 2 pc inflation.
Buzzing Stocks:
Govt may announce winner of Rs 60,000 cr defence order today. Titagarh Wagon very interesting contender along with Tata Power.
Cos to focus: L&T, M&M, Pipavav, TaMo + Bharat Forge, Tata Power + Titagarh wagon.
Lupin announced the launch of a generic version of its voriconazole tablets and oral suspension used for the treatment of fungal infections in children.
Cipla has received final approval from the US health regulator for lipid regulating Fenofibrate tablets.
Steel Authority of India Ltd (SAIL) is in talks with Japan's Nippon Steel and Sumitomo MetalCorp and Kobe Steel Ltd for potential technical agreements to help the firm expand its global footprint.
The board of directors of Pennar Industries Ltd is evaluating the merger of its subsidiary Pennar Enviro Ltd into Pennar Industries.
Stung by fluctuation in price of coking coal, Steel Authority of India Limited (SAIL) is desperately seeking an alternative solution to reduce its dependence on imports.
The government over the next few days will examine the status of 72 coal blocks allocated either through allotment or auction route to companies like NTPC, JSW Steel, Hindalco and SAIL.
Jindal Steel and Power Ltd (JSPL) has lined up Rs 80 bn additional investment for its Odisha operations. The money will be spent on the addition of a blast furnace to take its Angul steel plant capacity to 6mt, setting up of a cement plant, laying of the slurry pipeline to carry iron ore from mines to the steel plant and setting up of a pellet plant.
Divi's Laboratories Limited has chalked out alternate plans to keep the capacity expansion going after the Rs 5 bn greenfield project near Kakinada ran into rough weather, first by the local protests and later by an interim order issued by Hyderabad high court pertaining to the project land.
Glenmark is developing specialty respiratory and dermatology products as a part of its long-term growth strategy.
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