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Closing Bell
The BSE benchmark Sensex on Thursday surged 665 points on positive cues from global markets after dovish comments by the US Federal Reserve as it left key policy rates unchanged.
The 30-share index gained 665.44 points, or 1.87 per cent, to settle at 36,256.69.
Similarly, the 50-share NSE Nifty jumped 179.15 points, or 1.68 per cent, to 10,830.95.
On Wednesday, the Sensex ended marginally lower by 1.25 points and the Nifty closed with a negligible loss of 0.4 point.
Investor sentiment was buoyed by dovish comments from the US Federal Reserve after it left the key US lending rate unchanged on Wednesday.
Top gainers in the Sensex pack include Axis Bank, Infosys, GSIL, Tech Mahindra, Kotak Bank, SBI, , Reliance Ind, Vedanta and IOC rallied in a range between 2 per cent and 4 per cent.
IT stocks made significant gains today on heavy buying interest. The BSE IT index rose 318.23 points or 2.13%, to finish at 15,264.10.
On the other hand, YES Bank, Zee Ltd, HCL Tech, ICICI Bank, Bajaj FinServ, Hero MotoCorp, IndiaBulls, Grasim, Coal India were the losers, falling between 0.30 per cent and 2.75 per cent.
LARGE-CAP STOCKS
Large-cap stocks
MID-CAP GAINERS ON BSE
TOP MIDCAP GAINERS ON BSE
BSE SECTORAL INDICES
BSE SECTORAL INDICES
BSE SECTORAL INDICES
Central banks are on the biggest gold buying spree in decades
The biggest central bank purchases in a half century and European investors search for a haven helped increase gold demand last year, according to the World Gold Council. Global gold demand rose 4 percent to 4,345.1 tonnes as central banks bought the most since the U.S. severed the dollars peg to bullion in 1971 in a bid to diversify holdings READ MORE
BEL Q3 revenue up 8 per cent to ₹2656 cr
Navratna defence public sector undertaking Bharat Electronics Limited (BEL) has achieved net turnover of ₹2,656.38 crore in the third quarter of the current fiscal, up 8 per cent from ₹2,452.31 crore recorded in the corresponding quarter of 2017-18, a company statement said here on Thursday.
The profit after tax (PAT) for the quarter stood at ₹507.63 crore against ₹302.84 crore posted in the same quarter in FY18.
BEL Stock Price
BSE SECTORAL INDICES
BSE SECTORAL INDICES
Largecap stocks
Nifty Financial Services
Nifty Financial Services (Jan 31, 2019)
Related Stories
Q3 results: Indiabulls Housing Finance net profit falls to ₹985.51 cr
The company also declared an interim dividend of ₹10 per equity share
2.50 pm
NTPC Q3 net almost flat at ₹2,385.41 crore
NTPC Limited has reported a ₹2,385.41-crore net profit for the third quarter of financial year 2018-19. This is 1.04 per cent higher than the ₹2,360.81-crore profit reported by the company in the same quarter last fiscal.
The board has decided to pay an interim dividend at the rate of 35.8 per cent on the face value of paid-up equity shares of ₹10 each for this fiscal. READ MORE
HEG , Graphite hit upper circuit
HEG Ltd spurt 10.00% to Rs 2388.2. The stock was the fourth biggest gainer in 'A' group. On the BSE, 82265 shares were traded on the counter so far as against the average daily volumes of 91,000 shares in the past two weeks.
Graphite India Ltd rose 10.00% to Rs 565.55. The stock was the fifth biggest gainer in 'A' group. On the BSE, 3.25 lakh shares were traded on the counter so far as against the average daily volumes of 4.07 lakh shares in the past two weeks.
Large-cap Stocks
Large-cap stocks
Venky's India, EIH and Avanti Feeds surge on heavy volumes
Venkys (India) Ltd surged 17% to Rs 2,431.30. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 43000 shares were traded on the counter so far as against the average daily volumes of 4,753 shares in the past one month.
EIH Ltd soared 13.73% to Rs 204.60. The stock was the second biggest gainer in 'A' group. On the BSE, 1.95 lakh shares were traded on the counter so far as against the average daily volumes of 8,694 shares in the past 2 weeks.
Avanti Feeds Ltd spiked 9.67% to Rs 347.3. The stock was the third biggest gainer in 'A' group. On the BSE, 1.75 lakh shares were traded on the counter so far as against the average daily volumes of 24,343 shares in the past 2 weeks.
venky's (FILE PHOTO)
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EIH LTD. - Unaudited Financial Results For The Third Quarter / Nine Months Ended 31St December, 2018
The Nifty Call: Nifty 50 January Futures (10,754)
The Sensex and the Nifty commenced the session on a positive note, tracking the bullish global markets. The US markets had surged about 1.6 per cent in the previous session. The Nikkei 225 and the Hang Seng index have gained 1 per cent each in today's session. READ MORE
Nifty Jan Futures Contract (Jan 31, 2019)
TOP 20 OPTION CONTRACTS ON NSE
Top 20 Option Contracts
NIFTY SECTORAL INDICES
1.10 pm
Large-cap stocks (Jan 31, 2019)
Sell Nifty 50 Futures if contract declines below 10,600 levels. As the Nifty futures is now trading just above Resistance R2 levels, traders have to take cautious view with just only two-and-a-hour more for the day's session to end. The contract may correct slightly towards the closing hours.
10642 • Nifty 50 Futures
S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.
Nifty Jan Futures contract
ICICI Bank shares rise on board decision to revoke ex-CEO Kochhar’s bonuses
Shares of ICICI Bank Ltd gained nearly 3 per cent on Thursday, a day after the private sector lender posted an improvement in asset quality and an investigation found former Chief Executive Chanda Kochhar had violated internal bank policies. READ MORE
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ICICI Bank Q3 net down 2.7% on higher provisions
Total income rises 20% to ₹20,163 crore
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‘Guilty’ Chanda Kochhar sacked by ICICI Bank
Bank to revoke future entitlements, past bonuses of ₹10 crore
Dewan Housing slumps 17% after government launches probe
Shares of home loan provider Dewan Housing Finance Corp Ltd slumped 17 percent in early trade on Thursday, with sources saying the Indian government has launched a probe into allegations of financial mismanagement against the company. READ MORE
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DHFL plans to raise ₹5,000 cr by selling project finance loans, non-core asset
NEW 52-WEEK HIGH STOCKS
New 52-WEEK HIGH Stocks
NEW 52-WEEK LOW STOCKS
New 52-Week Low Stocks
12.30 pm
NIFTY NEXT 50 LOSERS
Nifty Next 50 Losers
NIFTY NEXT 50 GAINERS
Nifty Next 50 Gainers
TOP LOSERS ON NSE
Top Losers on NSE
TOP GAINERS ON NSE
Top Gainers on NSE
Buy Infosys with stiff stop loss
Related Stories
Infosys hires over 7,600 people in US
North America is the largest market for Infosys accounting for 60.4 per cent of the topline
FY20 Steel Outlook: Margins to Witness Correction; Sector to Reap Consolidation Benefits
India Ratings and Research (Ind-Ra) has maintained a stable outlook on the steel sector for FY20 in view of robust domestic steel demand, moderate imports and calibrated supply increases, which will aid in sustenance of healthy margins over FY20. Although global trade frictions and waning steel demand from China could moderate margins over 2019, softening raw material prices and anti-dumping duties will provide necessary protection to the margins. READ MORE
Currency Report for Jan 31
Currency Report for January 31, 2019
Source: Veracity Financial Serices
Large-cap stocks (Jan 31, 2019)
L&T stake-sale in L&T Tech: Retail
The offer-for-sale by Larsen & Toubro of L&T Technology Services will open for the retail category on Thursday. On Wednesday, it received bids for 0.57 per cent from the non-retail category. READ MORE
BL16_IW_LARSEN_AND_TOUBRO
BL16_IW_LARSEN_AND_TOUBRO
Day Trading Guide: Sell ITC stock on rallies
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ITC eyes 15% market share in milk business
Unveils four variants of ready-to-drink milk-based beverages
Modi makes a last-ditch push to woo Indian voters in Budget
Speculation is swirling that Modi’s fiscal plan includes a cash transfer program for farmers entailing an additional spending of ₹70,000 crore ($9.8 billion), support for small businesses and some reprieve for taxpayers. For investors, that translates into another breach in the budget deficit target of 3.3 percent of gross domestic product this year and possible record borrowing in the coming year. READ MORE
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Budget 2019 will ‘positively surprise markets’, says Bank of America’s bond expert
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Interim Budget 2019: CEOs wish-list
Expectations are for measures to drive consumption
Day Trading Guide: Go Long in SBI with stiff stop-loss
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SBI set to control 15% of Jet Airways
Naresh Goyal’s stake likely to fall below 20 per cent, under the new deal
Rupee gains against dollar in early trade as Fed keeps rates unchanged
The rupee appreciated by 26 paise to 70.86 against the US dollar in opening trade Thursday, driven by weakening of the greenback in overseas markets after the US Fed kept interest rate unchanged.
Taking note Of middle class incomes and expenses
Bajaj Auto hits over 3-month low; chart suggests more downside
Bajaj Auto Ltd's shares fell as much as 1.54 per cent to ₹ 2,461.10, their lowest since October 26, 2018.
The stock has broken below the key support level at ₹ 2,504.53, the 38.2 per cent Fibonacci projection level of the downtrend from February 2, 2018 high to October 25, 2018 low. READ MORE
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Bajaj Auto looks at wrapping up this fiscal with 5 million units
Will continue focussing on entry and sports motorcycle segments
Nelco jumps 5%
Shares of Nelco climbed higher by 5 per cent to Rs 254.50 today has recently roped in new CEO to shore up the bottomline and to in reasing its market share in the burgeoning security services market of the country.
The company is currently working on a slew of new initiatives.
The BSE-listed Nelco provides system integration and product management services in industrial controls, power, electronics, defence electronics, VSAT networks and automation.
NELCO LTD. - Unaudited Financial Results & Limited Review Report For The Quarter And Nine Months Ended 31St December 2018
11 am
Day Trading Guide For January 31, 2019
Sell Reliance Ind if falls below ₹1,180 level
₹1194 • Reliance Ind.
BSE IT stocks
BSE IT stocks (Jan 31, 2019)
Broker's call: Star Cement (Buy)
Elara Capital
Star Cement (Buy)
CMP: ₹92
Target: ₹147
Star Cement (SCL) is market leader in North-east region (NER), with about 22 per cent share as on FY18. NER accounted for about 85 per cent of capacity versus about 15 per cent for its closest listed peer, Dalmia Bharat. The nearest limestone cluster is 1,000 km away, making it unviable to service the region. READ MORE
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Cement sector to remain buoyant on housing demand, infra
The agency estimates around 15-18 MTPA to get added in FY2019-FY2020
10.30 am
Broker's call: Bank of Baroda
JMFL maintains Buy in the stock for a target price of Rs 135
BoB reported PAT of Rs 470 crore in Q3FY19 (+10.8% YoY). Overall provisions were elevated, despite reversal of MTM provisions on the investments book (Rs 660 crore), due to higher credit costs (3.2% annualised) on account of a) higher slippages of Rs 3,730 crore during the quarter (Rs 1,170 crore from stressed infra group) and b) excess contingent provisions of Rs 920 crore largely on the stressed infra group. Net NPL for BOB improved to 4.3% (-60bps QoQ) during Q3 with increase in PCR (+220bps QoQ).
Positively, NIMs continued to expand (+8bps QoQ , +19 bps since FY18 end) supported by improvement in overseas NIMs. CET1 for the bank (standalone) was lower at 8.65% (-40bps QoQ) as capital was allocated to UK subsidiary (Rs 1,350 crore).
JMFL expects RoA/RoE expansion for BOB may be delayed on account of the merger with Vijaya Bank and Dena Bank and associated integration efforts. Positively however, the merger is mildly BVPS accretive to BoB (6% on trailing adjusted BVPS basis) and the merged entity will be reasonably capitalised (media reports indicate that the merged bank could receive capital from the GoI).
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Bank merger: Swap ratio favours BoB investors; factors in balance sheet weakness of Dena Bank
But uncertainty over integration and leadership issues remain key concerns
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Bank merger: Swap ratio favours BoB investors; factors in balance sheet weakness of Dena Bank
But uncertainty over integration and leadership issues remain key concerns
Go long in Infosys if rebounds from ₹717 levels
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Infosys: Surprises galore in Q3
Smart rise in digital revenues, steady addition of large clients big positives
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Infosys reports 30% drop in Q3 net
Country’s second-largest software exporter, however, cheers with guidance, buyback
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Infosys takes Panaya, Skava sale deal off the table
Infosys now plans to re-purpose Skava’s micro services-based business
Day Trading Guide For January 31, 2019
Given below are supports and resistances for Nifty 50 futures and seven key stocks that can help in your intra-day trading:
Broker's call: National Aluminium Company (Buy)
Epic Research
National Aluminium Company (Buy)
CMP: ₹60.05
Target: ₹92
National Aluminium Company (Nalco) has posted turnover of ₹5,952 crore H1 FY18-19, showing a 42 per cent growth over H1FY17-18. Net Profit came at ₹1,197 crore up 229 per cent against ₹364 crore in H1 of the previous fiscal (2017-18) and increase of three times.
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Nalco announces Rs 505 cr share buyback
The offer which opened yesterday is to close on Nov. 28
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Nalco announces Rs 505 cr share buyback
The offer which opened yesterday is to close on Nov. 28Related Stories
NTPC, Nalco call off proposed 2,400-MW power project
Give up in face of land acquisition challenges
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NTPC, Nalco call off proposed 2,400-MW power project
Give up in face of land acquisition challenges
NIFTY IT STOCKS
NIFTY IT stocks (Jan 31, 2019)
Related Stories
IT sector: secular growth visible
Major firms may report a good show in Q3 on back of large deals signed recently
Related Stories
HCL Tech Q3 profit surges 26% on 18% jump in software services
Announces an interim dividend of ₹2 per share for FY19
Related Stories
Infosys hires over 7,600 people in US
North America is the largest market for Infosys accounting for 60.4 per cent of the topline
Related Stories
Infosys: Surprises galore in Q3
Smart rise in digital revenues, steady addition of large clients big positives
NIFTY AUTO STOCKS
Nifty Auto stocks (Jan 31, 2019)
Related Stories
Tata enters list of top 100 valuable brands
It has climbed to the 86th position this year
NIFTY BANK STOCKS
Nifty Bank stocks (Jan 31, 2019)
Nifty Bank stocks (Jan 31, 2019)
Broker's call: HCL Technologies (Buy)
JMFL recommends HCL Tech for a Target Price of Rs 1,240
HCL reported an impressive 3.5% organic constant currency revenue growth in Q3FY19 driven by a strong acceleration in the mainstay IMS business (+8% QoQ ex-acquisition); and its margins were stable.
The company Management now expects FY19 constant currency revenue growth at the upper end of the guided 9.5-11.5% YoY growth band and mentioned the deal pipeline is the highest ever even as the order bookings over 9MFY19 are up 40% YoY. This could help sustain the momentum in the near-term.
According to JMFL, the revival of the organic growth coupled with the stock’s inexpensive valuations prima facie makes HCL an attractive play. However, investor concerns over the intent/rationality of the IP strategy that has had a significant capital allocation over the last 2 years remains a key overhang for the stock, at least in the near-term.
Related Stories
HCL Tech Q3 profit surges 26% on 18% jump in software services
Announces an interim dividend of ₹2 per share for FY19
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HCL’s margins set to receive a boost from IBM deal
New products to provide synergies and scale
NIFTY 50 STOCKS
Nifty 50 Stocks (Jan 31, 2019)
SBI rallies ahead of results
Shares of SBI went up nearly 1 per cent in early trades as the public sector bank will announce its results later in the day. There was expectations that the current quarter earnings would be much better than previous quarters and the positive cues helped the stock to trade higher.
Related Stories
SBI set to control 15% of Jet Airways
Naresh Goyal’s stake likely to fall below 20 per cent, under the new deal
SBI, Vedanta, PowerGrid results today
Close to 70 firms including Apollo Micro Systems, Ballarpur Ind, Bharti Airtel, Chambal Fert, Cigniti, CreditAccess Grameen, Dabur, Datamatics, Dena Bank, eClerx, Emami, Essar Shipping, GTL Infra, GACL, Hero MotoCorp, Indiabulls HF, LG Balakrishnan, NMDC, Narayana Hrudayalaya, PowerGrid, Petronet LNG, SBI, Selan Exploration, Sundaram Finance, Uniphos, UPL, V-Guard and Vedanta will declare their Q3 results for the period ended December 2018 on Thursday.
Large-cap stocks (Jan 31, 2019)
9.20
US Fed keeps interest rate unchanged, says will be ‘patient’
The Federal Reserve left the key US lending rate unchanged on Wednesday, and said it would be “patient” about making any further changes, in the clearest signal yet the central bank has heeded concerns about the economy. Read more
A view of the Federal Reserve building in Washington
9.15
Market opening:
The Benchmark indices are trading higher in the opening session with Nifty above 10,650 level.
At 09:15 a.m., the Sensex is up 214.26 points or 0.60% at 35,805.51, and the Nifty up 38.75 points or 0.36% at 10,690.55.
9.10
Today's pick - V-Guard Industries (₹206.8): Buy
Investors with a short-term perspective can buy the stock of V-Guard Industries at current levels. Since taking support at ₹160 in early October 2018, the stock has been on a medium-term uptrend. Read more
Related Stories
V-Guard: Picking up charge (Buy)
Diversification across product categories and focus on technology should pay off9.05
Asian stocks hit 4-month high as Fed turns more cautious
Asia stocks rose to a four-month high on Thursday, tracking Wall Street, after the Federal Reserve pledged to be patient with further interest rate hikes, signalling a potential end to its tightening cycle amid signs of slowing global growth. Read more
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