Market (Page 28)


At 08:42 am, Nifty futures on the Singapore Exchange (SGX) were trading 54 points or 0.46 per cent lower at 11,671 levels, indicating a negative start for the Indian market on Thursday.


Here’s a look at the top stocks that may remain in focus today –



Apollo Tyres: Apollo Tyres on Wednesday said private equity firm Warburg Pincus will invest Rs 1,080 crore (around $150 million) in the company.


India Cements: Radhakishan Damani and his brother Gopikishan S Damani, bought 27,25,468 and 83,71,516 shares, respectively on Wednesday, NSE bulk deal data showed. Gopikishan bought shares at an average price of Rs 98.42 apiece while Radhakishan purchased at Rs 104.16.


Oil-linked stocks: Oil prices fell for a fifth day on Thursday to their lowest since January 2019 as a growing number of new coronavirus cases outside of


Turnover of futures and options touched a record high of Rs 7,591 crore on Tuesday, according to a release.


The previous high of Rs 5,251 crore was recorded on February 20.



“The implementation of interoperability clubbed with active participation from the members have led to increase in turnover on BSE. We thank all the members and look forward to constantly receiving their support,” BSE Chief Business Officer Sameer Patil was quoted as saying in the release.


PFC, IGIAT sign agreement to provide financial assistance for skilling programmes

State-run Power Finance Corporation (PFC) on Tuesday said it has signed an agreement with Indo German Institute of Advanced Technology (IGIAT) for providing financial assistance for various skilling programmes.


Under the agreement, PFC will provide around Rs 1.44 crore to IGIAT for conducting skill development


The initial public offer (IPO) of & Payments Services, India’s second largest credit card issuer, will open on March 2. The price band, according to reports, of the offer has been set at Rs 750-755 per equity share. The offer comprises a fresh issue worth Rs 500 crore and an offer for sale (OFS) of up to 130,526,798 equity shares. The bid lot for the offer has been finalised to be 19 equity shares and in multiples of 19 equity shares thereafter.


Here’re the details and offer break-up you need to know:


1) Existing shareholders of SBI: Of the entire issue, up to 13,052,680 equity shares or 9.5 per cent of the issue has been reserved for existing shareholders in (SBI). Simply put, investors who have SBI shares in their portfolio as on February 18, 2020 – the


Buy Limited


Last Close: Rs 305.95



Initiation range: Rs 303-306


Target: Rs 325


Stop loss: Rs 296


has been witnessing correction for the last five months and is currently hovering around the support zone of the long-term moving average of 200 EMA on the weekly chart. Indications are in the favor of marginal consolidation followed by steady rebound ahead. We advise accumulating fresh longs as per the given levels.


Buy Limited


Last Close: Rs 374.90


Initiation range: Rs 368-372


Target: Rs 395


Stop loss: Rs 360


UJJIVAN has been witnessing profit taking for the past two weeks or so, after a sharp surge. Considering its overall uptrend, we feel it’s a healthy correction and the stock is likely to find support around 50-day EMA on the daily chart,


With Wuhan-based spreading fast outside mainland China, risks to global economies could become more pronounced in the next quarter at a time when the is slowing. While the potentially slower is being reflected in our debt market with yields trending lower, it has not yet been reflected in our equity market, SHYAMSUNDAR BHAT, chief investment officer of Exide Life Insurance, tells Nikita Vashisht. Edited excerpts:


The outbreak is continuing to spook sentiment. Despite steps taken by China, the growth forecast for India and the rest of the world have been cut. How do you see the development playing for the


The outbreak would impact the growth not only in China but many other large economies which have trade linkages with it. This is particularly in light of the fact that China’s linkages to global GDP has


At 08:51 AM, Nifty futures on the Singapore Exchange (SGX) were trading 63 points or 0.53 per cent lower at 11,755, indicating a gap-down start for the Indian market on Wednesday.


Here’s a look at the stocks that may trade actively in today’s trading session-



Bandhan Bank: The Reserve Bank of India (RBI) has lifted the regulatory restriction on branch opening, subject to the condition that the Bank ensures that atleast 25 per cent of the total number of ‘Banking Outlets’ opened during a financial year are opened in unbanked rural centres.


Sanofi India: The company’s board has declared final dividend of Rs 106 and a special didvidend of Rs 349.


Wockhardt, Dr Reddy’s: Dr Reddy’s Laboratories (DRL) has entered into a definitive agreement with Wockhardt to acquire select divisions of its branded generics business in