January 19th 2022 @ 3:37 PM
Market closed : The Sensex was down 656.04 points and the Nifty was down 174.60 points
At close, the Sensex was down 656.04 points or 1.08% at 60,098.82, and the Nifty was down 174.60 points or 0.96% at 17,938.40. About 1432 shares have advanced, 1766 shares declined, and 72 shares are unchanged.
INFY, SHREECEM,ASIANPAINT, ADANIPORTS and HINDUNILVR were the top Nifty losers,
ONGC, TATAMOTORS, UPL, COALINDIA and MARUTIL were the major Gainers.
Mixed trend saw on the sectoral front, with auto, metal, power and oil & gas indices ended in the green, while selling was seen in the bank, FMCG, IT, pharma and realty sectors. BSE midcap index fell 0.3 percent and smallcap index ended flat.
January 19th 2022 @ 3:30 PM
Nifty FMCG index fell 1 percent led by the HUL, Emami, Tata Consumer Products
January 19th 2022 @ 3:27 PM
AnandRathi on Sonata Software
Sonata’s IT business is likely to clock a 17% (organic) CAGR over FY22-FY24 and may see segment margins of ~25.6% by FY24 (FY22e 26.4%) on global delivery build out and higher wage hikes.
On the domestic front, it is likely to record a 21% CAGR, taking the consolidated FY24e EPS to Rs 50. The stock trades at 17x FY24e EPS (5.3% FCF yield), which we find attractive. The risk is supply-side disruptions in the next few quarters. Rating Buy, target Rs 1050.
January 19th 2022 @ 3:23 PM
JSW Energy Q3 consolidated net profit up at Rs 324 crore
JSW Energy’s Q3 consolidated net profit was up at Rs 324 crore versus Rs 123.5 crore and revenue was up 17.1% at Rs 1893.5 crore versus Rs 1608.9 crore, YoY.
Earnings before interest, tax, depreciation and amortization (EBITDA) was up 31% at Rs 791.1 crore versus Rs 603 crore and margin was at 41.8% versus 37.5%, YoY
JSW Energy was quoting at Rs 315.95, up Rs 12.15, or 4.00 percent on the BSE.
January 19th 2022 @ 3:12 PM
BSE Oil &Gas index rose 0.5 percent led by the ONGC, ail India, Gujarat Gas
January 19th 2022 @ 3:09 PM
Cabinet approves Rs 1000 crore for waiver of SBI's 'interest on interest'
The Union Cabinet on January 19 approved around Rs 1000 crore for the State Bank of India for the waiver of “interest on interest”, CNBC Awaaz reported.
The Cabinet will reportedly be holding a press conference to announce the same at 3 pm today.
State Bank of India was quoting at Rs 514.55, up Rs 7.90, or 1.56 percent on the BSE.
January 19th 2022 @ 3:08 PM
Market update : The Sensex was down 611.85 points and the Nifty was down 167 points
The Sensex was down 611.85 points or 1.01% at 60143.01, and the Nifty was down 167 points or 0.92% at 17946. About 1402 shares have advanced, 1780 shares declined, and 77 shares are unchanged.
January 19th 2022 @ 3:06 PM
Power Finance Corporation, REC reduce lending rates across all types of loans
State-owned non-banking financial companies (NBFCs), Power Finance Corporation and REC Ltd have further reduced their lending rates across all types of loans by 40 bps, according to an official statement.
January 19th 2022 @ 3:01 PM
Dilip Buildcon Ltd Shares rise by 11.88 percent, quoting at Rs 387.65, up Rs 41.15 or 11.88 percent on the BSE.
January 19th 2022 @ 2:58 PM
Indian gaming stocks zoom on Microsoft-Activision deal but analysts are not excited
The share prices of online gaming companies skyrocketed in India on January 19 in line with their peers abroad a day after tech giant Microsoft said it was acquiring "Candy Crush"-maker Activision Blizzard in a record-breaking deal.
Shares of ace investor Rakesh Jhunjhunwal-backed Nazara Technologies hit their 5 percent upper circuit limit of Rs 2,494.25 on the NSE, while those of OnMobile Global soared 15.5 percent to Rs 148.85.
January 19th 2022 @ 2:56 PM
NIFTY IT biggest sectoral loser at this hour
January 19th 2022 @ 2:35 PM
AGS Transact Technologies IPO subscribed 74 %on the first day of bidding
The initial public offering of AGS Transact Technologies has received bids for 2.12 crore equity shares against IPO size of 2.86 crore equity shares, a 74 percent subscription on January 19, so far on the first day of bidding. The offer will close on January 21, 2022.
Retail investors have put in bids for 1.06 times of the reserved portion, while qualified institutional buyers are yet to put in their bids. Non-institutional investors have put in bids for 61.01 lakh shares or 99 percent against the allocated numbers of 61,44,578 shares.
January 19th 2022 @ 2:15 PM
Market update : Sensex is down 675.38 points and the Nifty shed 185.50 points
Sensex is down 675.38 points or 1.11% at 60079.48, and the Nifty shed 185.50 points or 1.02% at 17927.50.
January 19th 2022 @ 2:10 PM
Nikkei falls to 5-month low dragged down by Toyota, Sony
Japan's Nikkei index fell to a five-month low on Wednesday, dragged down by Sony Group and Toyota Motor, tracking Wall Street's weak finish overnight. The Nikkei share average fell 2.8% to 27,467.23, its lowest since Aug. 20, while the broader Topix lost 2.97% to 1,919.72.
January 19th 2022 @ 2:01 PM
ABFRL partners Algonomy for personalized shopping experience
Aditya Birla Fashion and Retail Ltd. on Wednesday said it has entered into a strategic partnership with Bengaluru-based Algonomy, which offers artificial intelligence (AI) solutions to retailers, to deploy its hyper-personalisation solutions to ABFRL’s brands.
January 19th 2022 @ 2:00 PM
Tata Elxsi Ltd Shares rise by 9.18 percent, quoting at Rs 6955.00, up Rs 584.50 or 9.18 percent on the BSE.
January 19th 2022 @ 1:47 PM
Federal Bank, Equirus Wealth jointly launch USD Fixed Maturity Fund
Federal Bank and Equirus Wealth have together launched a ‘US dollar offshore fund’ for their customers. This is in collaboration with SCUBE Capital, a global fund management company based out of Singapore.
January 19th 2022 @ 1:45 PM
Sterlite Tech tanks 6% as firm returns to losses in Q3FY22 and fall in revenue
January 19th 2022 @ 1:44 PM
Saregama Q3 Results earnings
Saregama India has posted 37.4 percent jump in its Q3 net profit at Rs 43.4 crore versus Rs 31.6 crore, YoY.
Revenue of the company was up 12.3% at Rs 150.3 crore versus Rs 134 crore.
Earnings before interest, tax, depreciation and amortization (EBITDA) was up 35.9 percent at Rs 54.4 crore versus Rs 40 crore and margin was up at 36.2 percent versus 29.9 percent, YoY.
Saregama India was quoting at Rs 5,340.00, up Rs 5.85, or 0.11 percent on the BSE.
January 19th 2022 @ 1:40 PM
Hitachi Energy India wins orders exceeding Rs 160 crore
Hitachi Energy India has won orders exceeding Rs 160 crore for its key electric components to support the electrification of the country’s rail routes, company said in release.
Hitachi Energy India was quoting at Rs 2,693.70, up Rs 36.20, or 1.36 percent on the BSE.
January 19th 2022 @ 1:35 PM
Coal India supplies under e-auction log 31% growth during Apr-Dec'21
Coal India's actual coal despatch under the five e-auction windows at 77.4 million tonnes (MTs) jumped ahead by 31% during April-December'21 compared to 59 MTs corresponding period year ago, company said in its press release.
Special forward e-auction, the exclusive window meant for power sector, accounted for nearly 28 MTs of the total despatched quantity, it added.
Coal India was quoting at Rs 162.85, up Rs 2.05, or 1.27 percent on the BSE.
January 19th 2022 @ 1:28 PM
Most sectoral indices in the red
January 19th 2022 @ 1:26 PM
2 of 30 Sensex stocks in the green
January 19th 2022 @ 1:24 PM
Nifty Bank index fell 0.5 percent led by the Kotak Mahindra Bank, ICICI Bank, SBI
January 19th 2022 @ 1:11 PM
State-run power giant NTPC has emerged as the top biomass user
State-run power giant NTPC has emerged as the top biomass user, having co-fired about 58,000 MT of biomass, while tendering a total of 10.7 MMT over short-term and long-term basis, the power ministry said on Wednesday.
January 19th 2022 @ 1:09 PM
Market update : The Sensex was down 750.81 points and the Nifty was down 211 points
The Sensex was down 750.81 points or 1.24% at 60004.05, and the Nifty was down 211 points or 1.16% at 17902. About 1142 shares have advanced, 1993 shares declined, and 77 shares are unchanged.
January 19th 2022 @ 1:01 PM
Tata Motors launches Tigor CNG, Tiago CNG cars. Know prices, features
Tata Motors has today launched two new CNG cars to offer an alternative for the rising fuel prices in the country. The homegrown auto major launched Tata Tigor CNG and Tiago CNG today for the Indian buyers.
This way, Tata Motors completes the tri-segment of vehicles; petrol/diesel, electric and CNG. Tata Tigor CNG and Tata Tiago majorly compete with Maruti Suzuki’s CNG-driven cars in India. Meanwhile, Tata Motors has also revised the passenger vehicles prices starting today due to rising input costs.
January 19th 2022 @ 12:57 PM
Paytm hits fresh record low
January 19th 2022 @ 12:56 PM
Just Dial has reported lower consolidated profit at Rs 19.39 crore
Just Dial has reported lower consolidated profit at Rs 19.39 crore in Q3FY22 against Rs 49.93 crore in Q3FY21, revenue fell to Rs 158.89 crore from Rs 169.54 crore YoY.
Just Dial was quoting at Rs 811.25, down Rs 28.30, or 3.37 percent on the BSE.
January 19th 2022 @ 12:55 PM
Infosys, ICICI Bank drag Sensex down
January 19th 2022 @ 12:44 PM
BSE Midcap index fell 0.5 percent led by the ICICI Securities, Mphasis, Godrej Properties
January 19th 2022 @ 12:35 PM
Jubilant FoodWorks launches US Fried Chicken brand Popeyes in India
Jubilant FoodWorks has launched the iconic US Fried Chicken brand Popeyes in India, with the grand opening of its first restaurant in Bengaluru today.
Jubilant FoodWorks was quoting at Rs 3,735.45, down Rs 52.65, or 1.39 percent on the BSE.
January 19th 2022 @ 12:27 PM
OnMobile Global Ltd Shares rise by 13.51 percent, quoting at Rs 146.15, up Rs 17.40 or 13.51 percent on the BSE.
January 19th 2022 @ 12:24 PM
Ambit Asset Management launches ‘TenX Portfolio’ fund
Ambit Asset Management has announced the launch of ‘Ambit TenX Portfolio’, a long-term investment opportunity in the listed space to multiply wealth.
January 19th 2022 @ 12:20 PM
LTTS bags $45 million EV deal from US automotive firm
L&T Technology Services Ltd (LTTS) has bagged a deal worth $45 million from a US-based tier-1 automotive company, to be its strategic engineering partner and provide engineering services for its electric vehicle (EV) product portfolio.
January 19th 2022 @ 12:17 PM
Gold prices fell on Wednesday
Gold prices fell on Wednesday towards previous session’s one-week low as the prospect of aggressive rate hikes by the U.S. Federal Reserve sent benchmark Treasury yields to two-year highs, reducing the appeal of non-yielding bullion.
Spot gold was down 0.2% at $1,810.90 per ounce, as of 0352 GMT, after falling to a one-week low of $1,805 an ounce on Tuesday. U.S. gold futures dipped 0.1% to $1,810.80.
January 19th 2022 @ 12:07 PM
Market update : The Sensex was down 447.82 points and the Nifty was down 121.20 points
The Sensex was down 447.82 points or 0.74% at 60307.04, and the Nifty was down 121.20 points or 0.67% at 17991.80. About 1303 shares have advanced, 1804 shares declined, and 75 shares are unchanged.
January 19th 2022 @ 12:00 PM
MOSL on real estate sector
The Residential Real Estate sector is poised for an upcycle, primarily buoyed by the improved affordability.
Inventory across most of the cities is at manageable levels (overhang of 23 months) and will be at an inflection point within the next 12-18 months to start the pricing upcycle for the industry.
The ongoing industry consolidation led by concentration of capital, 400-600bp advantage in cost of funding for large developers and buyers’ trust on organized developers bodes well for large developers.
We prefer players with robust cash flow generation potential and ability to further build their project pipelines which will lead to re-rating. We initiate coverage on LODHA / OBER with BUY and DLF / GPL with NEUTRAL.
January 19th 2022 @ 11:57 AM
M&M and Hero Electric Vehicle announced a strategic partnership in electric mobility.
Mahindra & Mahindra and Hero Electric Vehicle Private Limited announced a strategic partnership in electric mobility.
Both companies will enter into a 5 year contract with scope to enhance the area of collaboration in future.
Over the contract period, the value of the transaction is expected to be in the range of Rs 140-150 crore.
Mahindra and Mahindra was quoting at Rs 892.20, up Rs 0.75, or 0.08 percent.
January 19th 2022 @ 11:52 AM
BSE Realty index shed 1 percent led by the Godrej Properties, Brigade Enterprises, Prestige Estate
January 19th 2022 @ 11:41 AM
Tata Elxsi Ltd Shares rise by 11.26 percent, quoting at Rs 7087.50, up Rs 717.00 or 11.26 percent on the BSE.
January 19th 2022 @ 11:36 AM
Ashoka Buildcon bags order worth Rs 111.51 crore:
Ashoka Buildcon had submitted offer to Bailey Properties Private Limited in respect of the project viz. 'work of construction of Mall cum Multiplex, B2+B1+LG+G+4, near Pillar 64, Bailey Road, Patna on item rate basis' (Project) to be completed within 15 months.
The company has been awarded the project with the cost of Rs 111.51 Crore excluding GST.
Ashoka Buildcon was quoting at Rs 100.15, down Rs 1.80, or 1.77 percent on the BSE.
January 19th 2022 @ 11:25 AM
AGS Transact Technologies IPO subscribed 33 %on the first day of bidding
AGS Transact Technologies IPO updates: The initial public offering of AGS Transact Technologies has received bids for 94.82 lakh equity shares against IPO size of 2.86 crore equity shares, a 33 percent subscription on January 19, so far on the first day of bidding. The offer will close on January 21, 2022.
Retail investors have put in bids for 66 percent shares of the reserved portion, while qualified institutional buyers are yet to put in their bids. Non-institutional investors have put in bids for 39,525 share or 1 percent against the allocated numbers of 61,44,578 shares.
January 19th 2022 @ 11:15 AM
Nifty below 18,000 now
January 19th 2022 @ 11:10 AM
Market update : Sensex is down 473.81 points and the Nifty shed 131.70 points
Sensex is down 473.81 points or 0.78% at 60281.05, and the Nifty shed 131.70 points or 0.73% at 17981.30. Asian Paints, Adani Ports and UltraTech Cement are the top losers while Bajaj Finance, Vedanta and Tata Elxsi are the most active stocks.
Among the sectors, IT and realty are down 0.5-1 percent each while the midcap and smallcap indices are also trading in the red.
January 19th 2022 @ 10:59 AM
9 of 30 Sensex stocks in the green
January 19th 2022 @ 10:58 AM
AGS Transact subscribed 28% so far
January 19th 2022 @ 10:52 AM
BSE Healthcare index fell nearly 1 percent led by the Syncom Formulations, Dr. Lal PathLabs, Apollo Hospitals Enterprise
January 19th 2022 @ 10:43 AM
Reliance Jio prepays ₹30,791 crore, clears all deferred spectrum liabilities
Reliance Jio prepays ₹30,791 crore, clears all deferred spectrum liabilities acquired before March 2021
Reliance Jio Infocomm Limited, a subsidiary of Jio Platforms Limited, on Wednesday announced that it has paid ₹30,791 crore, which includes accrued interest, to the Department of Telecom towards prepayment of the entire deferred liabilities pertaining to spectrum acquired in auctions before March 2021.
January 19th 2022 @ 10:42 AM
Ashoka Buildcon wins Rs 111.51 crore project from Bailey Properties for construction of mall cum multiplex
January 19th 2022 @ 10:41 AM
Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments
We are very close to the psychological support level of 18000; ideally, the Nifty should close above this for the positive sentiment to remain intact. A break of this could take us down to 17750-17800 which is the next level of support.
January 19th 2022 @ 10:32 AM
Indian Energy Exchange divest 4.93% equity stake to Indian Oil
January 19th 2022 @ 10:31 AM
L&T Technology Services share price fell 7 percent on January 19
L&T Technology Services share price fell 7 percent on January 19 - a day after the company reported its December quarter earnings.
L&T Technology Services has reported an 8 percent increase in net profit to Rs 248.8 crore for the quarter ended December 2021 as against Rs 230 crore in the last quarter.
The rupee revenue was up 5 percent at Rs 1,687.5 crore from Rs 1,607.7 crore, QoQ, while the dollar revenue stood at $225.1 million against $217.4 million.
Its earnings before interest and tax (EBIT) was up 6 percent at Rs 314.4 crore from Rs 296.4 crore and margin was up at 18.6 percent as against 18.4 percent, QoQ.
January 19th 2022 @ 10:19 AM
Indian rupee opened lower at 74.66 per dollar
Indian rupee opened lower at 74.66 per dollar on Wednesday against previous close of 74.58.
The US dollar advanced by 0.59% yesterday amid a surge in US treasury yields and risk aversion in global markets. Yields remained elevated on anticipation that the US Fed will increase interest rates more aggressively to tame stubbornly high inflation, said ICICI Direct.
Rupee future maturing on January 27 depreciated by 0.46% amid strong dollar and risk aversion in the domestic markets. Further, the rupee slipped on persistent FII outflows and seven-year high crude oil prices, it added.
January 19th 2022 @ 10:10 AM
Lupin partners with China’s Shenzhen Foncoo Pharmaceutical
Lupin has entered into a partnership with Shenzhen Foncoo Pharmaceutical Co. Ltd (Foncoo). This is Lupin’s first partnership arrangement in China and reinforces Lupin’s commitment to bringing high quality generic and complex generic medicines to patients around the world, company said in its release.
Lupin was quoting at Rs 945.10, up Rs 2.55, or 0.27 percent on the BSE.
January 19th 2022 @ 10:06 AM
Market update : The Sensex was down 253.87 points and the Nifty was down 64.70 points
At 10:00 IST, the Sensex was down 253.87 points or 0.42% at 60500.99, and the Nifty was down 64.70 points or 0.36% at 18048.30. About 1253 shares have advanced, 1705 shares declined, and 87 shares are unchanged.
January 19th 2022 @ 9:56 AM
BSE Metal index added 1 percent led by the Coal India, Tata Steel, Vedanta
January 19th 2022 @ 9:55 AM
Most active stocks on NSE
January 19th 2022 @ 9:47 AM
Q3 Results on January 19
Bajaj Auto, ICICI Lombard General Insurance Company, Larsen & Toubro Infotech, JSW Energy, Aptech, CCL Products (India), Ceat, Chembond Chemicals, Continental Securities, DRC Systems India, Orient Green Power Company, JSW Ispat Special Products, Mastek, Nelco, Oracle Financial Services Software, Rallis India, Saregama India, Sterlite Technologies, Syngene International, Tata Communications, Tata Investment Corporation, Tejas Networks, Trident Texofab, and TT Limited will release quarterly earnings on January 19.
January 19th 2022 @ 9:46 AM
AGS Transact Tech IPO opens today
The initial public offering (IPO) of AGS Transact Technologies will open for subscription today. The price band of the three day initial share-sale has been fixed at ₹166-175 a share, which will conclude on Friday, January 21. The payment solutions provider raised ₹204 crore from anchor investors ahead of its issue.
January 19th 2022 @ 9:45 AM
Market Check: Nifty50 slips below 18,000
January 19th 2022 @ 9:44 AM
Oil prices rose for a fourth day
Oil prices rose for a fourth day to a seven-year high as an outage on a pipeline from Iraq to Turkey increased concerns about an already tight supply outlook amid worrisome geopolitical troubles in Russia and the United Arab Emirates.
Brent crude futures rose $1.44, or 1.7%, to $88.95 a barrel at 0230 GMT, adding to a 1.2% jump in the previous session. The benchmark contract climbed to as much as $89.05, its highest since Oct. 13, 2014.
U.S. West Texas Intermediate (WTI) crude futures climbed $1.51, or 1.8%, to $86.94 a barrel, adding to a 1.9% gain on Tuesday. WTI earlier jumped to a high of $87.08, its highest since Oct. 9, 2014
January 19th 2022 @ 9:37 AM
Nifty IT index fell over 1 percent led by the L&T Technology Services, L&T Infotech, Mphasis
January 19th 2022 @ 9:27 AM
Earnings Impact
January 19th 2022 @ 9:27 AM
Sector Watch: Barring metals, all indices start lower
January 19th 2022 @ 9:24 AM
BSE Sensex Gainers and Losers in the early trade
January 19th 2022 @ 9:18 AM
Sensex at pre open market
January 19th 2022 @ 9:12 AM
Nifty at pre open market
January 19th 2022 @ 9:10 AM
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