Closing bell

The Sensex and Nifty ended on a flat note on Wednesday with Nifty closed below 10,900, while Sensex finished near day's low point.

The Sensex was up 2.96 points at 36,321.29, while Nifty was up 1.80 points at 10,888.60. About 1,222 shares have advanced, 1,356 shares declined, and 147 shares are unchanged.

Indiabulls Housing, Yes Bank, Wipro, IndusInd Bank and BPCL are the top gainers on the Nifty, while JSW Steel, Bharti Infratel, Bajaj Finance, UPL and Asian Paints are the top losers.

HT Media net profit falls 68% in Q3

HT Media on Wednesday reported a 68.66 per cent decline in consolidated net profit at Rs 42.91 crore for the quarter ended December 31, 2018.

Its total income stood at Rs 664.89 crore, lower as compared with Rs 681.7 crore in the same period a year ago, HT Media said in a BSE filing.

Shares of IDFC First Bank, a combined entity formed post merger of Capital First with IDFC Bank, got listed on the bourses on the BSE and the NSE on Wednesday.

Nifty 50 Gainers/ Losers

M&M hikes stake in Ssangyong Motor to 74.65%

Homegrown auto major Mahindra & Mahindra (M&M) on Wednesday said it has increased stake in its South Korean arm Ssangyong Motor Company to 74.65 per cent with subscription of additional shares worth Rs 316.5 crore. Read the full report here

IOC to raise $3 billion more in overseas loan

IOC is already in market to raise USD 900 million through a bonds issue and is raising an equivalent sum through a syndicated loan for meeting its working capital requirements. Click here to read full story

2010092853530201

Soon, Syndicate Bank to approve loans in 15 minutes

Syndicate Bank’ s online platform will cover loans upto ₹5 cr and will cover retail, MSME and home loan segment. Read the full story here

Nifty Call: Buy in declines with stop-loss at 10,890 

The Nifty and the Sensex began the session on a positive note, taking bullish cues from the positive US markets close. The Dow Jones and S&P 500 index gained 0.65 per cent and 1 per cent respectively in the last session. The Asian markets are mixed, the Nikkei 225 has slipped 0.5 per cent and Hang Seng index has climbed 0.2 per cent in today's session. Click here to read the full technicals

India Grid Trust declares dividend

India Grid Trust has informed that the Board of Directors, at its meeting held on January 15, has declared a distribution of Rs 3 per unit in the form of interest for the third quarter of financial year 2018-2019. It has fixed the record date as January 22, 2019 and payment will be made on or before January 30.

Suven Life Sciences secures patents in Australia, Singapore

Suven Life Sciences , a biopharmaceutical company, announced today that it has obtained grant of product patent from Australia and Singapore to the new chemical entities for treatment of disorders associated with Neurodegenerative diseases. These patents are valid through 2036.

Goa Carbon resumes operations at Bilaspur unit

Goa Carbon , a manufacturer of calcined petroleum coke has informed stock exchanges that it has resumed operations at Bilaspur Unit in Chhattisgarh from January 15, 2019.

Majesco to change record and expiration date for rights offering

Majesco, a global provider of cloud insurance software solutions for insurance business transformation, announced that due to the continued US federal government shutdown, it has changed its record date for its previously announced rights offering from January 29, 2019 to February 5, 2019 and its expiration date from February 19, 2019 to February 25, 2019.

NCLT orders liquidation of Bharati shipyard

An insolvency court in Mumbai has ordered the liquidation of Bharati Defence and Infrastructure Ltd , after rejecting the resolution plan submitted by Edelweiss Asset Reconstruction Co Ltd, leaving two dozen defence vessels stranded and a clutch of lenders standing to lose as much as ₹11,373.40 crore the debt-laden shipbuilder owes them. Please read the full report here

Texmaco bags order from Mumbai Metro Rail

Texmaco on Wednesday said, it has bagged order worth Rs 110 crore from Mumbai Metro Rail Corporation. It has also received LoI for L2 rakes of BLC type wagons valuing Rs 152 crore.

Texmaco registered office at Belgharia

Jet Airways shares fall 7.5%

According to Reuters quoting media report, Etihad Airways has offered to invest in debt-laden Jet Airways at Rs 150 ($2.11) per share, along with an immediate release of $35 million after certain conditions are met. The stock plunged as much as 7.5 percent to Rs 271.75.

GoAir seeks more flying rights to Thailand

Budget carrier GoAir is looking for an increase in flying rights to Thailand amid growing air passenger traffic. Read the full report here

Rallis India mulls merger of Metahelix Life with itself

Rallis India announced on Wednesday that it will consider at board meeting to be held on January 17, a proposal for the merger of its wholly owned subsidiary Metahelix Life Sciences with itself.

Rupee rises 13 paise to 70.92 vs USD

The Rupee opened on a weaker note but soon pared the losses and appreciated by 13 paise to 70.92 against the United States (US) dollar in opening trade on Wednesday. Click here to read full forex market details

Reliance Industries hits 4-week high; chart suggests more upside

Oil-to-telecoms giant's shares gained as much as 1.36 per cent to ₹1,145, highest since Dec. 19. Read here the technical report

BSE gainers and losers

Sectoral gainers and losers

Sensex, Nifty open a positive bias

The Sensex opened on a positive note on Wednesday and is up 106.97 points or 0.29% at 36,425.30, while the Nifty is higher 20.40 points or 0.19% at 10,907.20.

Asian shares took a breather on Wednesday after rallying the previous day on Chinese stimulus hopes, with investors assessing Brexit options after British lawmakers trounced Prime Minister Theresa May’s deal to pull out Britain from the European Union, it said.

Oil rises about 3 per cent on economic stability hopes

Oil prices rose about three per cent on Tuesday, along with world stock markets, supported by China's plan to introduce policies to stabilize a slowing economy, reversing the previous session's losses due to grim data in the world's second-largest economy. Read the full report here

Global markets: Asia shares subdued, investors assess Brexit options

Asian shares took a breather on Wednesday after rallying the previous day on Chinese stimulus hopes, with investors assessing Brexit options. This comes after British lawmakers trounced Prime Minister Theresa May's deal to pull out Britain from the European Union (EU). Click here to read the full story

COMMENT NOW