The Indian benchmark indices continues to trade in the green but is off the high point of the day with Nifty up 23 points at 11,869 while the Sensex added 77 points and is trading at 39,669 level.Nifty Realty is up over 2 percent led by Godrej Properties, Prestige Estates, Oberoi Realty, Sobha, Sunteck Realty, Indiabulls Real Estate, Unitech and Brigade Enterprises.Auto stocks continue to buzz led by Tata Motors and Tata Motors DVR which jumped over 3 percent each followed by Ashok Leyland, Eicher Motors, Motherson Sumi Systems and Mahindra & Mahindra.Close India VIX is down 2.17 percent and is trading at 14.43 levels. related news Market Live: SGX Nifty indicates a positive opening for Indian indices SBI Cards to list commercial paper on BSE for an issue size of Rs 400-cr Trade Setup for Friday: Top 15 things to know before Opening Bell From the banking space, the top gainers are Federal Bank, State Bank of India, Axis Bank, HDFC Bank, … [Read more...] about D-Street Buzz: Auto stocks gain led by Tata Motors; HDFC Bank, Titan Company at new highs
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Here are some stocks that are in news today:October IIP at -3.8 percent versus -4.3 percent, MoMNovember CPI at 5.54 percent versus 4.62 percent, MoMClose Wipro: Company bagged multi-year order from Olympus for cloud services. related news SpiceJet grounds 3 cargo aircraft; shares stay in the green Maruti to add BS-VI diesel variants of Ciaz, Ertiga, S Cross, Vitara Brezza: Report These battery stocks are good for a long-term charge Navin Fluorine: Company will invest over Rs 450 crore in a new project at Dahej, Gujarat.Ashok Leyland appoints Vipin Sondhi as chief executive officer and managing director of the companyInfosys' subsidiary EdgeVerve Systems in partnership with IDEGO to develop and deliver innovative tech products to their customers across Latin AmericaAllahabad Bank cuts MCLR by 5 bps across different tenorsBiocon & Equillium Inc expand exclusive licensing agreement for Itolizumab to Include Australia and New ZealandTCS - South African Depository … [Read more...] about Stocks in the news: Wipro, Biocon, IndiGo, Navin Fluorine, Infosys, Hero MotoCorp, SpiceJet
Benchmark indices including the Nifty and the Sensex have extended the morning loses with Nifty down 89 points and is trading at 11,742 while the Sensex shed 355 points and is trading at 39,246 level.Auto stocks trade in the red, the top losers are Maruti Suzuki which shed over 3 percent after global brokerage house UBS downgraded its rating to sell from buy amid sharp volume decline. The research house also slashed its price target on the stock by 27.5 percent to Rs 5800 from Rs 8000 per share earlier, implying 13 percent potential downside from current levels.The other losers are Motherson Sumi Systems, TVS Motor Company and Ashok Leyland.Close Pharma stocks continue to drag led by Aurobindo Pharma, Cadila Healthcare, Divis Labs, Glenmark Pharma, Dr Reddy's Labs and Sun Pharma. related news Market Live: SGX Nifty indicates a positive opening for Indian indices SBI Cards to list commercial paper on BSE for an issue size of Rs 400-cr Trade Setup … [Read more...] about D-Street Buzz: YES Bank top Nifty losers, down 4%, Maruti extends fall; Glenmark hits 52-week low
The auto sector has been passing through one of its worst phases brought on by a sustained decline in sales, shift in technology and regulatory norms and prolonged weakness in India's financial space.Investors have been offloading their bets in auto stocks, causing most of them to suffer deep losses.In November, the domestic passenger vehicle (PV) sales shrunk by about 9 percent YoY. Domestic commercial vehicle sales were down nearly 18 percent while those of two-wheelers (2Ws) declined by about 14 percent YoY.Close However, overall three-wheeler (3W) segment sales grew by nearly 7 percent YoY, primarily led by improvement in export markets. related news Morgan Stanley bullish on NTPC, Adani Ports and L&T Infotech Ujjivan Small Finance Bank: Should investors buy, sell or hold after the bumper listing? Though the sales numbers are still subdued, brokerages and industry experts are of the view that the auto sector is gearing up for an upward journey."Ongoing marriage … [Read more...] about Demand looking up for autos; these stocks likely to gain the most
Ujjivan Small Finance Bank listed with a massive 56 percent premium over its issue price on December 12 despite volatility in the market.The stock touched an intraday high of Rs 62.8 on the National Stock Exchange (up 70 percent) after opening at Rs 58.75 against IPO price of Rs 37. The bumper listing was on expected lines given the strong response received for the company's IPO.Combined volume on BSE and National Stock Exchange was more than 20 crore equity shares.Close Ujjivan Small Finance Bank (USFB) is a subsidiary of microfinance lender Ujjivan Financial Services. related news Morgan Stanley bullish on NTPC, Adani Ports and L&T Infotech Initiating coverage: HDFC AMC and M&M among 10 stocks that could return 10-40% in 2020 Most experts are now advising investors to hold the stock for longer term on the back of good fundamentals. Though some suggest investors can do partial profit booking and hold the rest for longer term."Ujjivan SFB's … [Read more...] about Ujjivan Small Finance Bank: Should investors buy, sell or hold after the bumper listing?