Closing Bell

Markets end in green, Sensex up 52 points

Extending gains for the third session, the BSE benchmark Sensex on Thursday rose over 50 points tracking sustained buying by domestic institutional investors and positive global cues.

The 30-share BSE index Sensex closed higher by 52.79 points or 0.15 per cent at 36,374.08 and the 50-share NSE index Nifty ended up 14.90 points or 0.14 per cent at 10,905.20.

The Sensex hit an intraday high of  36,468.42 and a low of 36,170.80. Similarly, the Nifty touched an intraday high of 10,930.65 and a low of 10,844.65. The market breadth was negative as 1,049 shares advanced, against a decline of 1,521 shares, while 174 shares were unchanged.

At close, the biggest gainers in the Sensex pack were GAIL, BPCL Infratel, Axis Bank and HCL Tech, rising up to 2.23 per cent.

While, Sun Pharmaceuticals, Yes Bank, Zee, Eicher Motors and SBI were the top losers, shedding up to 6.61 per cent.

SBI raises $1.25 billion via bonds

Country’s largest lender State Bank of India (SBI) Thursday said it has raised USD 1.25 billion (about Rs 8,800 crore) through bonds from overseas market to fund its business expansion.

Asian equity markets close flat

Asian equity benchmark is little changed for a second day as markets across the region moved less than 0.8 per cent. Japans Topix rose 0.4 percent, while gauges of Shanghai and Hong Kong shares ended up down 0.4 per cent and 0.5 per cent, respectively.

Edelweiss Financial Services subsidiary closes $1.3 billion fund

Edelweiss Alternative Asset Advisors Ltd (EAAA), a subsidiary of Edelweiss Financial Services, has closed its India dedicated Alternative Investment Strategy Fund ( EISAF II), by raising ₹9,200 crores ($1.3 billion). Read the full story here

Car market in India continues to move in slow lane: report

Car registrations were down 11.7%, two-wheelers fell 9.8% and three-wheelers slid 4.3%. Read the story further here

MIDHANI signs MoU with TUBACEX

Mishra Dhatu Nigam Limited (MIDHANI) and TUBACEX of Spain on Thursday signed a memorandum of understanding to pursue a collaborative business model for Power Generation and Oil & Gas applications .

This agreement would allow the joint development of advanced materials for the energy sector, contemplating technological alliances and the promotion of local manufacturing capacities.

Nifty Call: Go short on a strong fall below 10,900

Following a strong rally on Tuesday, the Nifty January futures contract is testing a key resistance around 10,900. Also, the contract faces a significant resistance ahead at 11,000. Read the full technicals here

IDFC First Bank fixes RD for Infra Bonds- Tranche II interest payment

IDFC First Bank Limited has informed that it has fixed record date as February 1 for the purpose of interest payment to the holders of Infrastructure Bonds- Tranche II.

BHEL to set up EV chargers along Delhi-Chandigarh highway

Bharat Heavy Electricals Limited (BHEL) will set up a network of solar-based electric vehicle chargers (SEVC) on the Delhi-Chandigarh highway. The project is covered under the FAME scheme [Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India] of the Department of Heavy Industry.

The establishment of EV chargers at regular intervals over the entire 250 km stretch between Delhi and Chandigarh would allay range-anxiety among the Electric Vehicle users and bolster their confidence for inter-city travel.

BHEL's scope of work in the project includes design, engineering, manufacturing, supply and installation of the EV charging stations along with a Central Monitoring System. Each SEVC charging station will be equipped with a rooftop solar power plant to supply green energy to fast and slow chargers planned to be installed at the location.

TCS recognised as leader in Cloud Infrastructure Brokerage and Orchestration Services

Tata Consultancy Services , a leading global lT services, consulting and business solutions organization, has been recognized as a leader in the NelsonHall NEAT for Cloud lnfrastructure Brokerage and Orchestration Services.

ln an assessment of 12 global service providers, TCS has been positioned highly for both its ability to deliver immediate benefit and its ability to meet future client requirements. Cited as strengths were the company's global delivery capabilities and its broad mix of geographic and industry customers.

The report also highlighted TCS' intellectual property - Cloud Exponence for cloud brokerage and orchestration solutions and its Enterprise lntelligent Automation unit that drives automation.

FILE PHOTO: Logos of Tata Consultancy Services (TCS) are displayed at the venue of the annual general meeting of the software services provider in Mumbai, June 29, 2012. REUTERS/Vivek Prakash/File Photo GLOBAL BUSINESS WEEK AHEAD

Trent raises Rs 100 cr via commercial paper

Trent Ltd informed on Thursday that it has issued and allotted commercial paper worth Rs 100 crore.  It further stated that the proceeds will be used towards working capital requirements.

CARE Ratings has assigned a credit rating of “CARE A1+” to the said instrument.

Top BSE gainers and losers at noon

Lenders considering resolution plan for Jet Airways: SBI

State Bank of India on Thursday said lenders are considering a resolution plan for Jet Airways to ensure long-term viability of the debt-laden company.

The SBI statement comes a day after the crisis-hit airline said discussions were “progressing well” with stakeholders on a comprehensive resolution plan that also contemplates equity infusion and consequent changes in its board of directors. Read the full story here

Zydus Cadila gets USFDA final nod for Acetazolamide ER capsules

Zydus Cadila informed on Thursday that it has received the final approval from the USFDA to market Acetazolamide ER Capsules.  It will be manufactured at the group’s formulations manufacturing facility at Moraiya, Ahmedabad. Read the full story here

L&T Infotech buys Ruletronics for $7.5 million

Larsen & Toubro Infotech informed on Thursday that it has signed a definitive agreement on January 16, 2019 to acquire Ruletronics Limited (UK), Ruletronics Systems Inc. (US) and Ruletronics Systems Private Limited (India) for USD 7.5 million.

The acquisition is subject to customary closing conditions which are expected to get completed within 8 weeks.

Hindustan Copper to ramp up output to 20 million tonnes in five years

The country’s only copper ore producer, Hindustan Copper Ltd (HCL), is adopting a multi-pronged strategy to achieve its ambitious production target of 20 million tonnes per annum (mtpa) by 2024. Click here to read full story

Reprieve for HUL as Delhi High Court stays ₹462-cr demand by anti-profiteering body

The Delhi High Court has stayed the demand of ₹462 crore, made on Hindustan Unilever (HUL) by the National Anti-profiteering Authority (NAA). Read the full story here

Nifty50 gainers and losers

Mutual fund investors from top cities keep faith in equity

Notwithstanding the upheaval in the stock markets, investors from top cities such as Mumbai, New Delhi, Bengaluru and Ahmedabad have kept their faith in the equity market by pumping in money continuously through mutual funds in the last three months. Read the insight here

PO11_mutual fund

Rupee opens 9 paise higher at 71.15 against USD

The Rupee appreciated by 9 paise to 71.15 against the United States (US) dollar in opening trade on Thursday, driven by positive opening in domestic equities and weakening green-back in overseas markets. Click here to read forex story

Manali Petrochemicals restarts operations

Manali Petrochemicals has informed NSE that it has restarted Plant 1 operations on January 16, 2019 pursuant to Central Pollution Control Board revoking its earlier direction issued under Section 5 of the Environment Protection Act, 1985.

Dhampur Sugar fixes record date for dividend

Dhampur Sugar Mills has informed BSE that it has fixed February 11, 2019 as the record date for the purpose of payment of dividend, if approved and declared.

Raymond realty project receives MAHA RERA registration

Raymond 's arm Colorplus Realty has obtained registration certificate for Raymond Realty Phase I from Maharashtra Real Estate Regulatory Authority (MAHA RERA).

What to Watch: Cyient - Buyback, quarterly results eyed

The board of Cyient will meet on Thursday to consider a buyback as well as its quarterly performance for September-December 2018. Click here to read more

What to Watch: Jet Airways in the limelight

The stock of Jet Airways has been in the limelight this week. Click here to read more.. .

Hindustan Wires to delist shares

Hindustan Wires   has informed the exchanges that its Board of Directors at its meeting on January 16 has granted approval to the proposed voluntary delisting of equity shares of the company from the BSE and the CSE. Click here to read the company announcement

MindTree declares interim dividend

MindTree  has informed the BSE that the company’s Board of Directors at its meeting held on January 16, has declared an interim dividend of 30 per cent (₹3 per equity share of face value ₹10 each). The interim dividend will be paid to the registered shareholders on or before January 31, 2019.

Broker's call: Avenue Supermarts (Buy)

CMP: ₹1,393.9

Target: ₹1,740

Avenue Supermarts Ltd is an India-based company, which owns and operates DMart stores. Read the full report on buy call here

Broker's call: J&K Bank (Buy)

CMP: ₹39.25

Target: ₹64

J&K Bank management aims to expand its footprint across the State through branch expansion and growing the State’s loan book faster than the overall loan book. Read the recommendations here

Sensex gains over 100 points, Nifty trading above 10,900

The 30-scrip Sensex on Thursday opened on a positive note. It is trading at 36,451.02 points, up by 129.73 points or 0.36 per cent.

On the other hand, the broader 50-scrip Nifty at the National Stock Exchange is trading at 10,923.15 points,  up 32.95 points or 0.30 per cent.

Day Trading Guide for January 17

Given below are supports and resistances for Nifty 50 futures and seven key stocks that can help in your intra-day trading:

₹2120 • HDFC Bank

₹736 • Infosys

₹294 • ITC

₹146 • ONGC

₹1134 • Reliance Ind.

₹302 • SBI

₹1870 • TCS

10921 • Nifty 50 Futures

S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.

US stocks hit one-month high on bank results

World stock markets rose with Wall Street's major indexes hitting one-month highs after strong earnings from Bank of America Corp and Goldman Sachs. Read the full story here

Asia shares falter on China unease

Asian share markets faltered on Thursday as unease over China's economic outlook eroded early gains, though an anti-climactic end to the latest chapter in the Brexit saga did offer sterling a moment's peace. MSCI's broadest index of Asia-Pacific shares outside Japan edged down 0.1 per cent in thin trade, while E-Mini futures for the S&P 500 slipped 0.3 per cent. Read the full report here

Today's Pick

Hindustan Oil Exploration Company (₹125.8): Buy

Investors with a short-term perspective can consider buying the stock of Hindustan Oil Exploration Company at current levels. Read the Technical Analysis here

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