The Nifty50 is expected to open flat on December 11, with a positive bias tracking mixed trend seen in other Asian markets as Sino-US trade talks approached a weekend deadline with little sign of progress.Investors are beginning to suspect that even if US tariffs, due to take effect on December 15, are delayed, it may be 2020 before Washington and Beijing can agree on a broader rapprochement, said a Reuters report.Trends on SGX Nifty indicate a positive opening for the broader index in India, with an 8.5-point gain, or 0.07 percent. The Nifty futures were trading around 11,915 level on the Singaporean Exchange.Close Let’s look at the final tally on D-Street. The S&P BSE Sensex fell 247 points to 40,239 while the Nifty50 closed with losses of 80 points to 11,856. related news Market Live: Sensex, Nifty open higher; Yes Bank, metal stocks in focus What changed for the market while you were sleeping? Top 10 things to know The rupee settled 12 paise higher at 70.92 … [Read more...] about Market Headstart: Nifty50 seen opening flat; Yes Bank, Bharti Airtel eyed
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SBI share in the red; brokerages question loan divergence
Shares of State Bank of India (SBI) traded in the negative territory on December 11 and looked on course to extend the losing run into the fifth consecutive session.The largest public sector lender on December 10 reported bad loan divergence of Rs 11,932 crore for the last financial year, the country's largest lender said in a notification to exchanges.SBI also reported divergence of Rs 12,036 crore in provisioning for the financial year ended March 2019.Close The gross non-performing assets (NPAs) reported by the bank stood at Rs 1.73 lakh crore as on March 31, 2019. However, gross NPAs as detected by RBI was at Rs 1.85 lakh crore for the period. related news Broker default – Only a strong deterrent can plug the gap This multiplex stock jumped 47% in 2019 despite slump in consumer spending Saudi Aramco shares to begin trading after world's biggest IPO Read more: SBI reports bad loan divergence of Rs 11,932 crore for FY19Global financial firm Morgan Stanley has … [Read more...] about SBI share in the red; brokerages question loan divergence
This multiplex stock jumped 47% in 2019 despite slump in consumer spending
Union Minister Ravi Shankar Prasad came in for sharp criticism when he pointed to the box-office collections of some films to say the economy was doing fine. But there is one stock, with strong links to films, which has indeed beaten the odds.Consumer spending declined for the first time in 2019 in four decades but shares of specialty retail player INOX Leisure have jumped more than 47 percent on BSE, as of December 9 close. The equity benchmark Sensex has gained more than 12 percent in the same period.Stocks outperforming the market benchmark is not an unusual phenomenon, but what makes INOX Leisure's rise special is that it brushed aside the slump in consumer spending.Close Brokerages are bullish on INOX’s aggressive expansion strategy, focus on premiumisation and ramp-up of margin-accretive segments. related news Broker default – Only a strong deterrent can plug the gap Aramco IPO: Shares indicated up 10% from IPO price ahead of debut The stock is trading at … [Read more...] about This multiplex stock jumped 47% in 2019 despite slump in consumer spending
Yes Bank: Many questions, but few answers
Yes Bank tanked 15 percent on BSE on December 11, a day after the stock was hammered 10 percent even though the board said it was considering Citax Holdings' $500-million investment offer.The cash-starved bank has tried to reassure the market by saying it was "favourably" considering the Citax Holdings and Citax Investment Group’s offer and the final decision will be taken at the next board meeting.The binding $1.2 billion offer submitted by Hong Kong-based SPGP Holdings and the family office of Canadian Erwin Singh Braich were also being discussed.Close Money and market related news This multiplex stock jumped 47% in 2019 despite slump in consumer spending Aramco IPO: Shares indicated up 10% from IPO price ahead of debut The bank last raised funds in August 2019 and took the QIP route. It raised Rs 1,930 crore at 10 percent dilution, with each share priced at Rs 83.55 per share.At this juncture, the bank not only has to raise funds but also regain market’s … [Read more...] about Yes Bank: Many questions, but few answers
Pharma market grows 14.5% in November, respiratory drugs lead
The Indian pharmaceutical market (IPM) expanded 14.5 percent in November led by strong sales growth of anti-infectives and respiratory drugs.While the anti-infectives grew at 17 percent in November, respiratory segment grew at 19.7 percent.During the same period last year, anti-infectives grew 7.9 percent and respiratory 13.8 percent. The overall industry grew 8.1 in November 2018.Close Anti-infective segment is the largest constituting about 14 percent of total IPM sales. Respiratory con related news Banking, telecom on road to recovery: Navneet Munot, SBI Mutual Fund CIO PNB Housing Finance clarifies on rumours about Omaxe group loan exposure Cabinet clears amendments to insolvency law The IPM reported sales of Rs 12,624 crore for November. The IPM stood at Rs 1.39 trillion for the moving annual total (MAT) ended November, reporting a YoY growth of 9.8 percent.This was the best growth seen in a month in more than 32 months, said AIOCD in a statement.Air-quality … [Read more...] about Pharma market grows 14.5% in November, respiratory drugs lead
