Market Live: Sensex skids 241 points to close at 36,154

Banking, IT drop nearly 1%

Closing Bell

The BSE Sensex ended 241 points lower and the NSE Nifty dropped by 58 points amid renewed selling by institutions and domestic investors. Investors turned cautious ahead of IIP and inflation numbers amidst report that Indiabulls Asset Management and DHFL Pramerica Mutual Fund saw their assets plunge by more than half in the December quarter, which  indicated fears of India's non-bank finance companies still linger.

Earlier, markets opened flat and moved sideways for most part of the trading session. However, fresh bout of selling brought the indices sharply lower in the last one-hour trading session

The BSE benchmark Sensex closed at 36,153.62, lower by 241.41 points from yesterday's close.

The NSE Nifty fell 57.40 points, or 0.53 per cent, to 10,831.40.

Sectoral indices led by PSU, banking, power, oil and gas, auto, capital goods, realty and consumer durables stocks slipped into the negative terrain, falling by up to 1.60 per cent.

Top laggards include Hero MotoCorp, HDFC, SBI, Infosys, ICICI Bank, Bajaj Auto, Bajaj Finance, ONGC, ITC, Maruti Suzuki and Hindustan UniLver falling between 0.50 percent and 3 per cent.

 

Large-cap stocks

 

 

3.15 pm

Two Indian funds see assets drop by half amid exit from risk

 

Indiabulls Asset Management and DHFL Pramerica Mutual Fund have seen their assets plunge by more than half in the December quarter. That shows fears of India's non-bank finance companies still linger.

The dwindling in assets is the most among any mutual-fund company in India during the period, data compiled by Bloomberg show.

READ MORE

 

Representative image   -  Getty Images/iStockphoto

 

3.10 pm

Bharat-22 ETF additional sale on February 14

The government will launch an additional offering of Bharat-22 Exchange Traded Fund (ETF) on February 14 to raise at least Rs 3,500 crore, officials said on Tuesday. This ETF sale would be for a single day, in which both institutions and retail investors can participate, they said.

READ MORE

 

3.10 pm

Large-cap stocks

Large-cap stocks

 

 

2.50 pm

 

Large-cap stocks

 

2.30 pm

 

Tata Motors trade firm

Shares of Tata Motors were trading firmer today. The stock was being quoted at Rs 153.45,  up by 0.52% on the NSE

BusinessLine reported yesterday that Tata Motors will supply 40 electric buses to Lucknow City Transport Services Ltd (LCTSL) in a phased manner in four months.

JLR’s new Range Rover Evoque, with mild and plug-in hybrid options, is expected to drive sales in the coming months   -  REUTERS

 

Tata Motors to supply electric buses to Lucknow City Transport Services

Tata Motors will supply 40 electric buses to Lucknow City Transport Services Ltd (LCTSL) in a phased manner in four months, the company has said.

Read More

As JLR haemorrhages, Tata Motors deep in red; Q3 loss at ₹26,960 crore

China woes erode profit in India biz

Read More  

 

2.20 pm

Next 50 GAINERS on NSE

 

 

2.10 pm

TOP GAINERS ON NSE

Top Gainers on NSE

 

TOP LOSERS ON NSE

Top Losers on NSE

 

2 pm

Mid-Session

Benchmark equity indices moved in a narrow band on a cautious note ahead of the release of key macroeconomic numbers amid selling by foreign and domestic investors.

The 30-share Sensex was trading 104 points lower at 36,290.08. The index had lost 580 points in the previous three sessions.

The broader NSE Nifty slipped 19.80 points to 10,869.00.

Major losers were Infosys, TCS, Hero MotoCorp, HCL Tech, Bajaj Finance, Axis Bank, Bajaj Auto, IndusInd Bank and Maruti, falling up to 2.42 per cent.

Investors turned cautious ahead of index of industrial production (IIP) data for December and inflation numbers for January to be released later in the day.

 

1.50 pm

 

 

1.05 pm

Nifty Call: Go short at 10,945 and 10,960 on rallies with a stop-loss at 10,985

Nifty 50 February Futures (10,900)

The Nifty 50 futures contract is stuck in a narrow range between 10,880 and 10,930. The bias remains negative. However, the index futures may consolidate or bounce to test the 10,960-10,980 resistance zone before declining further.

READ MORE

Nifty Feb Futures

 

 

12.40 pm

Tata Steel turn stronger

 

Shares of Tata Steel went up by 3% or Rs 14 at Rs 495.05 on the NSE. Volumes traded in the counter were steeply higher around 1.17 crore shares.

Last week, Tata Steel had reported a 54 per cent increase in December quarter consolidated net profit at ₹1,753 crore, against ₹1,136 crore in the same quarter last year, due to higher realisation and lower base.

 

Broker's call: Tata Steel (Buy)

Centrum Broking Tata Steel (Buy)CMP: ₹480.4Target: ₹660Key takeaways: Tata Steel indicated that spreads could be lower Q4 onwards, led by lower ...

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Tata Steel Q3 profit jumps 54% to ₹1,753 cr

Buoyed by higher realisation, lower base

Read More

 

12.20 pm

VOLUME GAINERS

VOLUME GAINERS

 

 

12.15 pm

 

52-Week Lows

52-WEEK LOWS

 

 

12.10 pm

Large-cap Stocks

Large-cap Stocks

 

 

11.40 am

INTRADAY DERIVATIVE CALLS FROM ICICI SECURITIES

 

HCL TECH FEB FUTURES

 

ACC Feb Futures

 

 

11.25 am

LARGE-CAP STOCKS

Large-cap stocks

 

11.20 am

Sell SBI with stiff stop loss

₹279 • SBI

S1

S2

R1

R2

COMMENT

272

265

286

293

Initiate fresh short positions with a stiff stop-loss if the stock of SBI fails to move beyond ₹286 levels

 

 

 

11.15 am

10909 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10870

10820

10960

11015

Fresh long positions are recommended with a tight stop-loss only if the contract moves beyond 10,960 levels

 

 

11.10 am

Go short in RIL if falls below  ₹1,240 levels

 

₹1253 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1240

1225

1268

1280

Fresh short positions are recommended with a fixed stop-loss only if the stock of RIL falls below ₹1,240 levels

 

Weekly Trading Guide

SBI (₹285.0)SBI oscillated between ₹278 and ₹294 last week and closed on a flat note. The weekly candles reflect indecisiveness in the market and ...

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RIL Q3 net rises 8.8% to Rs 10,251 cr

First Indian company to post Rs 10,000 cr profit in a quarter

Read More  

Reliance Ind to invest ₹10,000 crore

Reliance Industries Ltd has firmed up investment plans to the tune of ₹10,000 crore in West Bengal. A part of these proposals are already under ...

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11 am

Currency Strategy for February 12:

 

Buy US$INR in range of 71.12-71.18

 

The dollar-rupee February contract on the NSE was at 71.30 in the previous session. February contract open interest declined 3.55% in the previous session.

ICICI Securiities expect the US$INR to find supports at lower levels. Utilise downsides in the pair to initiate long positions.

 

Intra-day strategies

 

Buy US$INR in the range of 71.12-71.18

 

Rupee gains 6 paise against dollar in opening trade

The Rupee opened lower at 71.21, but recovered to trade 6 paise higher at 71.12 against the dollar

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10.50 am

Broker's Call

Intraday calls from ICICI SECURITIES:

Today's Technical Calls from ICICI Securities

 

NIIT TECHNLOGIES SHARE PRICE

 

ULTRATECH CEMENT SHARE PRICE

10.40 am

Rupee gains 6 paise against dollar in opening trade

The Rupee strengthened by six paise at 71.12 against the dollar in opening trade Tuesday, maintaining its upward trend for the sixth straight day on continued selling of the United States (US) currency by exporters and banks.

Besides, optimism ahead of index of industrial production (IIP) numbers for December and retail inflation for January, and the dollar weakening against some other currencies overseas, also supported the rupee, forex dealers said.

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The rupee opened strong at 69.38 at the interbank forex market.   -  Reuters

Rising oil prices leave rupee under pressure for a fall to 72.5

A break above 96 can take the Rupee further higher towards 96.5

Read More  

 

10.35 am

 

Large-cap stocks

 

10.30 pm

Gulf Oil ropes in Mahindra Logistics

Gulf Oil Lubricants India on Monday announced its association with Mahindra Logistics. The tie-up is to strengthen Gulf Oil’s supply chain and implement its post GST consolidation strategy, which is focused on achieving efficiencies in total cost.

READ MORE

 

 

10.10 am

Large-cap stocks

 

9.45 am

PSU BANK STOCKS

Nifty PSU Bank stocks

Govt not looking at any other proposal for PSB merger

First-ever three-way consolidation of PSBs will come into force on April 1

Read More  

 

Number of PSBs may go down to 12 as govt mulls consolidation

The government is working on a consolidation agenda with a view to creating 3-4 global-sized banks and reduce the number of state-owned lenders to ...

Read More  

9.35 am

The market drifted lower after opening slightly higher as key stocks were trading mixed.

The Sensex was down 50.03 points at 36,354.05.

The Nifty 50 index too has shed 14 points at 10,873.95.

Key benchmark indices such as Auto, Oil & Gas, Healthcare, and Banking were trading slightly higher, others such as IT, Capital Goods and Consumer Durables were slightly down.

BSE SECTORAL INDICES

 

 

Index Outlook: Indices may move with a bullish bias

Both the Sensex and the Nifty inched up last week. Sentiment is turning positive

Read More  

9.30 am

Coal India, Sun Pharma, Concor results today

Over 175 firms including 3M India, 63 moons, Amrutanjan, Bajaj Hindusthan, Balaji Tele, Bata India, Bharat Road, Clariant Chem, Coal India, Concor, Crisil, DB Realty, GTPL Hathway, HEG, Heidelberg, Hindalco, Hind Motors, Hotel Leela, Indian Hotels, Ipca Labs, Jain Irrigation, JK Paper, KV Bank, Kesoram, Manpasand, Natco Pharma, NCC, NLC India, OMDC, Omaxe, Prabhat Dairy, RCF, Religare, RITES, Sun Pharma and TCI will declare their Q3 results of FY19 on Tuesday.

 

Sun Pharma’s damage-control exercise does not quell the many concerns

But some analysts question why this disclosure was being made only after much prodding.

Read More

 

Concor board meets today for bonus issue

The board of directors of Container Corporation of India (Concor) will meet on Thursday to consider an issue of bonus shares to the shareholders of ...

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Coal India board to meet for buyback on Monday

Shares of Coal India will remain in focus on Monday, as its board will consider a proposal for buyback. If approved, this would be the second buyback ...

Read More  

9.30 am

Large-cap stocks

 

9.20 am

Day Trading Guide for February 12, 2019

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

₹2137 • HDFC Bank

S1S2R1R2COMMENT
2120210521502165Consider initiating fresh long positions with a fixed stop-loss only if the stock rallies above ₹2,150 levels

 

HDFC: Safe shelter - Buy

Focus on affordable housing and stable asset quality are key positives

Read More  

 

₹761 • Infosys

S1S2R1R2COMMENT
754746768775Fresh short positions are recommended with a stiff stop-loss only if the stock declines below ₹754 levels

 

READ MORE

 

Weekly Trading Guide

SBI (284.3)SBI made some wild swings last week. The stock gained about 6 per cent intra-week and made a high of ₹302.35 on Friday. But it reversed ...

Read More

Reality check: Infosys: Firing on all cylinders

Infosys delivered robust numbers in the third quarter and revised its guidance for FY19 higher. The open market buyback of shares at a maximum of ₹800 ...

Read More  

Infosys: Surprises galore in Q3

Smart rise in digital revenues, steady addition of large clients big positives

Read More  

9.15 am

Jet Airways (₹214.6): Sell

Investors with a short-term perspective can sell the stock of Jet Airways (India) at current levels.

READ MORE

 

 

Jet Airways board meet on Feb 14 to approve Dec quarter results

Jet Airways, which is grappling with acute financial problems, on Friday said its board will meet on February 14, to approve the unaudited financial ...

Read More  

 

Four Jet Airways aircraft grounded due to non-payment

The airline owes money to its pilots, lessors, banks and vendors

Read More

Jet Airways pilots discuss airline’s current situation

Likely to take final call on salary payment delays in March

Read More

 

9.10 am

Pre-open session

 

Market was flat in the pre-open trading session. The Sensex was up by 10.69 points at 36,405.72. The Nifty was down by 9 points at 10.879.70.

 

 

 

9.05 am

Nifty 50 weekly options launched

The NSE on Monday launched weekly options on the Nifty 50 Index. The index options are already available for three monthly option contracts, three quarterly and eight semi-annual option contracts.  READ MORE

The 50-share NSE index Nifty reclaimed the 11,000 levels on Wednesday. File Photo   -  Bloomberg

 

9 am

 

World stocks edge higher ahead of trade talks, Brexit

Stock markets globally inched higher on Monday after China struck an upbeat tone as trade talks between the United States (US) and Beijing resumed, though worries remained over the fate of Brexit.

On Wall Street, the Dow Jones Industrial Average fell 53.22 points, or 0.21 per cent, to 25,053.11, the S&P 500 gained 1.92 points, or 0.07 per cent, to 2,709.8 and the Nasdaq Composite added 9.71 points, or 0.13 per cent, to 7,307.91. READ MORE

 

 

Published on February 12, 2019