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Sensex finishes session on a positive note, up 186 points at close
After spending most of the first trading day of the New Year in the red, the benchmark indices, the BSE Sensex and the NSE Nifty, turned around late in the session to close in the green.
The Sensex closed the day at 36,254, up 186 points or 0.52 per cent higher, while the Nifty was quoted at 10,910, up 47 points or 0.44 per cent higher.
The top gainers on the 30-share benchmark index were Bharti Airtel, HDFC, SBI, YES Bank and ICICI Bank, while the laggards were M&M, Tata Steel, ONGC, Hindustan Unilever and Kotak Bank.
Early in the session, the indices came under pressure on sustained capital outflows by foreign funds and surging global crude oil prices. However, a strengthening rupee capped further losses in the equity markets.
The Sensex closed Monday's session 8 points down at 36,068.33, while the Nifty ended 2018 at 10,862 points.
Silver weakens in futures trade, down Rs 57
Silver futures traded lower by 0.15 per cent at Rs 38,764 per kg on Tuesday after speculators tightened their bets, driven by a cautious trend overseas. Read the full report on silver futures here.
Sensex turns around, up 172 points at 36,240
The Sensex made a late turnaround to notch up gains of nearly 200 points ahead of the finish on Tuesday. The benchmark index was quoting at 36,240, up 172 points or 0.48 per cent on its overnight close.
Similarly, the Nifty also posted gains of 43 points or 0.40 per cent to trade at 10.906.
The top gainers on the benchmark 30-share index were HDFC, Bharti Airtel, YES Bank, Axis Bank and SBI, while the laggards were M&M, Tata Steel, Hindustan Unilever, ONGC and IndusInd Bank.
The Sensex closed Monday's session 8 points down at 36,068.33, while the Nifty closed 2018 at 10,862 points.
ATF price cut by 14.7%; costs less than petrol, diesel
Today's announcement is the third straight increase in aviation turbine fuel prices in a month.
Jet fuel price was cut by a record 14.7 per cent on Tuesday on the back of a decline in international rates, making it cheaper than both petrol and diesel. Read the full report on ATF price cut here.
Gold prices up by Rs 26 in futures trade
Gold prices edged up by Rs 26 to Rs 31,417 per 10 grams in the futures market on Tuesday, as participants widened their bets even as the metal weakened overseas. Read the full report on gold prices here.
Sensex maintains weak undertone
The Sensex continued to trade in the red in the afternoon session of the first trading day of 2019. It was trading down 123 points at 35,944 points, or 0.34 per cent lower. The benchmark index, ended Monday's session down 8 points at 36,068.
The Nifty also maintained its weak undertone to trade at 10,823, down 39 points or 0.36 per cent lower. The Nifty quoted at 10,862 points at the close on Monday.
The top gainers on the Sensex were YES Bank, Axis Bank, Sun Pharma, Bharti Airtel and TCS, while the laggards were M&M, IndusInd Bank, Tata Steel, NTPC and Hindustan Unilever.
Sensex trading down 127 points at 35,941
The Sensex extended its losses in afternoon trade on Tuesday. It was quoting at 35,941, down 127 points or 0.35 per cent lower. The Nifty was trading at 10,823, down 38 points or 0.36 per cent lower.
The top gainers on the Sensex were YES Bank, Axis Bank, Sun Pharma, BHarti Airtel and Bajaj Auto. The laggards included IndusInd Bank, Tata Steel, Hindustan Unilever, M&M, Asian Paints and Power Grid.
The Sensex closed Monday's session 8 points down at 36,068.33, while the Nifty closed 2018 up 2 points at 10,862 points.
JSPL names Naushad Ansari as joint MD
Steel maker Jindal Steel and Power Ltd (JSPL) on Tuesday named Naushad Akhter Ansari as the Joint Managing Director of the company with immediate effect. Earlier, Ansari was the CEO of the company’s steel business. Read the full report on appointment of Naushad Ansari as Joint MD at JSPL here.
Shilpa Medicare gets USFDA nod for cancer treatment injection
Shilpa Medicare on Tuesday said it has received approval from the US health regulator for Irinotecan HCL injection, used for the treatment of certain kinds of cancers. Read the full report on Shilpa Medicare here.
Sensex undertone weak, down 88 points
The Sensex was trading down 88.74 points or 0.25 per cent lower at 35,979 near mid-session on Tuesday. The benchmark index opened the New Year on a weak note and has been trading in negative territory since the open. The Nifty was quoted at 10,833, down 28 points or 0.27 per cent lower.
According to reports, sustained capital outflows by foreign funds and surging global crude oil prices weighed on market sentiment. However, a strengthening rupee capped further losses in the equity markets.
The Sensex closed Monday's session 8 points down at 36,068.33, while the Nifty closed 2018 up 2 points at 10,862 points.
The top gainers on the Sensex were YES Bank, Sun Pharma, Axis Bank, Bajaj Auto and Bharti Airtel, while the laggards were IndusInd Bank, M&M, Tata Steel, Power Grid and Asian Paints.
Sensex gainers and losers
Maruti Suzuki car sales fall 5% in December
The country's largest passenger vehicle maker Maruti Suzuki India on Tuesday reported a 5 per cent fall in its car sales during December on a year-on-year basis. Read the full report on Maruti December sales here.
Nifty call: Wait for a bounce and go short at 10,875 and 10,895
The Indian benchmark indices have begun the new year on a weak note. The Nifty 50 futures contract opened with a slight gap-down and moved up to make an intra-day high of 10,929.9. However, it failed to sustain higher and has come-off sharply from 10,929 to make a low of 10,843.2. It is currently hovering above the day’s low at 10,860. Read the full Nifty call report here.
Re rises 15 paise to 69.62 against dollar in early trade
The rupee started the new year on a positive note and appreciated by 15 paise to 69.62 against the US dollar in early trade on Tuesday amid weakness in the greenback against some currencies overseas. Click here to read the full rupee report .
Currency Call: What will drive the rupee in 2019?
The year 2018 was extremely volatile for the Indian rupee after sedate sideways range-bound trading for more than two years. The rupee has been trading between 63 and 69 since mid-2015, but went on to plummet over 14 per cent to a record an all-time low of 74.48 in October. However, it managed to claw back from this record low, recovering some of the loss. The rupee closed at 69.77 on Monday, the last trading day of 2018, down 8.5 per cent for the year. Read more on prospects for the rupee in 2019 here.
Sensex trends lower
The Sensex was trading at 35,986 points in the morning session on Tuesday. This represented a drop of 81 points or 0.23 per cent on its overnight close. The Nifty was also in the red, trading at 10,832, down 29 points or 0.27 per cent lower.
The Sensex closed Monday's session 8 points down at 36,068.33, while the Nifty closed 2018 up 2 points at 10,862 points.
PTI adds: The BSE benchmark Sensex started the new year on a weak note, as it turned choppy after opening higher, amid sustained capital outflows by foreign funds and surging global crude oil prices.
However, a strengthening rupee capped further losses in the equity markets, brokers said.
The biggest losers in the Sensex pack include Coal India, L&T, HCL Tech, HeroMotocorp, HUL, Reliance Industries, HDFC Bank, ICICI Bank and ONGC.
Among gainers were Sun Pharma, Yes Bank, Axis Bank Bharti Airtel, TCS and Bajaj Auto.
On a net basis, foreign portfolio investors (FPIs) sold shares worth Rs 326.87 crore on Friday, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 321.98 crore, provisional data available with BSE showed.
The rupee appreciated by 15 paise to 69.62 against the US dollar in early trade Tuesday amid weakness in the greenback against some currencies overseas.
Meanwhile, the benchmark Brent crude was trading higher by 1.11 per cent at $53.80 per barrel.
On Wall Street, the Dow Jones Industrial Average index surged 265.06 points, or 1.15 per cent, to 23,327.46 in its previous session.
Asian financial markets were closed on Tuesday.
Core industries output grows 3.5% in November
The eight core industries output grew 3.5 per cent in November 2018, official data showed on Monday. For the April-November 2018, the cumulative growth came in at 5.1 percent, much higher than 3.9 percent in same period last year. Read more on core industries output here.
Non-subsidised LPG gets cheaper by ₹120.50
The price of cooking gas has been lowered by ₹120.50 per 14.2 kg cylinder from January 1 due to a fall in the price of LPG in the international market and the strengthening of the US dollar-rupee exchange rate. Read the full report on LPG price cut here.
RBI rings in New Year cheer for NBFCs, HFCs
To further facilitate more bank lending to non-banking finance companies (NBFCs) and housing finance companies (HFCs), the RBI has extended by three months the relaxed liquidity norms and the higher single borrower exposure rule implemented by the regulator in October. Read more on New Year cheer for NBFCs, HFCs here.
India’s external debt declines 3.7% to $510.4 bn till Sept
In the fiscal ended March 2018, banks recovered Rs 40,400 crore worth of bad loans.
The country’s external debt fell by $19.3 billion, or 3.7 per cent, to $510.4 billion during the six-month period ended September, due to a decrease in commercial borrowings, non-resident Indian (NRI) deposits and valuation effect. Click here to read more on the external debt situation
Sensex edges lower
The Sensex edged lower in early trade on New Year's day. The benchmark was quoted at 35,923, down 144 points or 0.40 per cent lower than its overnight close. The Nifty was quoted at 10,822, down39 points or 0.37 per cent lower.
The Sensex closed Monday's session 8 points down at 36,068.33, while the Nifty closed 2018 up 2 points at 10,862 points.
The top gainers on the 30-share benchmark index were YES Bank, Sun Pharma, Axis Bank, Bharti Airtel and Bajaj Auto. The laggards were IndusInd Bank, M&M, Power Grid, Asian Paints and Tata Steel.
Lower GST rates notified; 32-inch TVs, cinema tickets to cost less from today
The Centre and States have notified a reduction in GST rates on 23 items including TV sets and cinema tickets. The new rates will come into effect from the midnight of December 31 and January 1. Read the full report on lower GST rates here
Broker's call: CESC (Buy)
Motilal Oswal
CESC (Buy)
CMP: ₹668.6
Target: ₹801
CESC (formerly Calcutta Electric Supply Corporation) is among the very few opportunities that offer a play on both power distribution and generation. It is also among the few with a strong balance sheet and healthy FCF (free cash flow) generation to drive growth. In our view, distribution privatisation is an upcoming opportunity as the government focusses on improving the functioning of electricity distribution in India. We also believe that the generation sector is turning around. Read the Broker's Call on CESC in full here.
Broker's call: Dixon Technologies (Buy)
Dalmia Securities
Dixon Technologies (Buy)
CMP: ₹2,052.05
Target: ₹2,586
Dixon Technologies Ltd (DTL) is a market leader in three of the six segments it operates, namely flat panel display (FPD) TV, washing machines and lighting products with 50.4 per cent, 42.6 per cent and 38.9 per cent market share respectively in terms of volumes among EMS companies during FY2016. Read more on Broker's Call for Dixoin Technologies here
Small stocks tumble nearly 24% in 2018
Small and midcaps stocks faced a rough ride this year as they slumped nearly 24 per cent as they were hit by regulatory changes, valuation concerns and volatile market conditions even as their bigger counterparts performed better. Read the full report on how small stocks fared in 2018 here
NHPC's ₹600-cr buyback offer opens today
The ₹600-crore buyback offer of NHPC will open on Tuesday (January 1) and close on January 14. The company plans to buy back 21.42 crore equity shares (representing 2.09 per cent of the total number of equity shares in the paid-up share capital of the company) at ₹28 apiece. The buyback will be on proportionate basis through tender offer. Investors whose names appeared on the record books of the company on November 30 can only participate in the offer.
Investors become poorer by Rs 7.25 lakh cr in 2018
Investor wealth eroded by Rs 7.25 lakh crore in 2018 amid volatile broader market conditions. The market capitalisation (m-cap) of the BSE-listed companies slumped by Rs 7,25,401.31 crore to Rs 1,44,48,465.69 crore this year. Click here to read the full report on investor fortunes in 2018 .
PE investments soar to $33 billion in 2018
Private equity (PE) investments in India rose to their highest-ever figure of $33 billion in 2018 across 720 transactions. Big-ticket investments in consumer apps Swiggy and Byju’s dominated the year-end activity even as investments in core sectors slowed down, says data from Chennai-based Venture Intelligence, which tracks PE and venture capital (VC) investments. Read the full report on PE investments here
RBI sees banking sector 'on course to recovery’
The Reserve Bank of India has painted an optimistic picture for the banking sector on the bad loans front. It said that after a prolonged period of stress, the sector appears to be on course to a recovery as the load of impaired assets lightens. Read the full report on RBI's projections for the banking sector here
Trade optimism lifts stocks, but 2018 ends in red
Equities around the world rose on Monday as possible progress in resolving the trade dispute between the United States and China engendered some investor optimism in what has been a punishing end of year for markets. Read the full report on global equities here.
Jan 1 | 9:15 am
Opening Bell
The benchmark indices the Sensex and the Nifty opened the New Year in the green. However, they quickly slipped into the red. The Sensex was quoting at 36,000 down 76 points or 0.19 per cent. The Nifty was quoted at 10,860, down 1.85 per cent or 0.02 per cent.
Jan 1 | 9:10 am
Dollar ends strongest year since 2015 on defensive note
The dollar fell against the yen and euro in thin year-end trading on Monday as optimism about progress in the US-China trade dispute hurt its safe-haven allure, but the greenback stayed on track to log its strongest annual performance in three years. Read the full dollar report here
Day Trading Guide for Jan 1, 2019
Given below are supports and resistances for Nifty 50 futures and seven key stocks that can help in your intra-day trading:
₹2122 • HDFC Bank
₹660 • Infosys
₹281 • ITC
₹150 • ONGC
₹1121 • Reliance Ind.
₹295 • SBI
₹1893 • TCS
10908 • Nifty 50 Futures
S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.
Click here to read the Day Trading Guide
Today's Pick Kalpataru Power Transmission (₹392.4): Buy
The outlook for the stock of Kalpataru Power Transmission is positive. The stock surged 3.8 per cent on Monday breaching the key resistance level of ₹389 and has closed on a strong note. Read the full report on Today's Pick here
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