Sensex Today | Nifty Price | Stocks Close At Record Highs

Indian stocks extended gains for the fourth consecutive trading session to end at record highs.

The S&P BSE Sensex rose 0.62 percent to close at an all-time high at 41,859.65 and the NSE Nifty 50 rose 0.59 percent to end at a record high at 12,329.55. The broader markets represented by the NSE Nifty 500 Index rose 0.67 percent.

The market breadth was tilted in favour of buyers. About 1,184 stocks advanced and 640 shares declined on National Stock Exchange.

All the 11 sectoral gauges compiled by NSE ended higher, led by the NSE Nifty Realty Index’s 2.1 percent advance.

• Avenue Supermarts: About 16.8 lakh shares of the company changed hands in a large trade.
• HDFC Bank: About 30.8 lakh shares of the company changed hands in a large trade.

Buyers and sellers were not known immediately.
Source: Bloomberg.

U.S. equity futures climbed with Asian shares on Monday and Europe stocks drifted as investors showed mild optimism at the start of a busy week set to be dominated by the beginning of earnings season and the signing of a partial China trade deal.

• The Stoxx Europe 600 Index edged higher.
• Futures on the S&P 500 Index rose 0.3 percent.
• The U.K.’s FTSE 100 Index gained 0.4 percent.
• The MSCI Asia Pacific Index climbed 0.4 percent.

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Source: Bloomberg

Hindustan Aeronautics

• Stock rose as much as 9.7 percent, the most since Feb. 21, 2019, to Rs 808.05.
• Government plans to order about 200 fighter jets, according to Business Standard report.

Balrampur Chini Mills

• Stock rose as much as 4.8 percent to Rs 193.15.
• Company commissioned 160 KLPD at its Distillery Unit at its Gularia unit.
• Total distillation capacity stands at 520KLPD

L&T Finance Holdings

• Stock rose as much as 4.2 percent to Rs 127.05.
• UBS initiated ‘Buy’ with a price target at Rs 165.
• Risks on infrastructure projects have come-off; execution key for real estate.
• Lower competitive intensity and new initiatives to support loan growth.
• Easing liquidity to reduce cost of funds; counter cyclical provisions to limit credit costs.

Tata Elxsi

• Stock rose as much as 6.1 percent to Rs 899.90.
• Margins expanded by 400 basis points to 22.2 percent.
• Net profit rose 51 percent and revenue rose 7 percent.

TCNS Clothing

• Shares fell 1.9 percent intraday to Rs 590 each.
• Trading volume was 20-times its 20-day average for this time of the day.

Alembic Pharma

• Shares rose as much as 1.6 percent to Rs 590 each.
• Trading volume was 30-times its 20-day average for this time of the day.

TV18 Broadcast

• Shares jumped close to 12 percent to Rs 24.90 apiece.
• Trading volume was six times its 20-day average for this time of the day.

Source: Bloomberg

Shares of Religare Enterprises hit their upper circuit of 5 percent.

About 60 lakh shares or 2.6 percent equity of the company changed hands in two large trades, Bloomberg data showed. Buyers and sellers were not known immediately.

Trading volume was more than 40 times its 20-day average, Bloomberg data showed.

Shares of the drugmaker declined 2.4 percent intraday to a one-month low of Rs 740.50 apiece.

U.S. Food and Drug Administration completed inspection of Lupin’s Nagpur facility that was carried out between Jan.6-10, according to an exchange filing. The inspection closed with two 483 observations, the filing said.

The trading volume was nearly four times the 20-day average for this time of the data, Bloomberg data showed.

Shares of Tata Power Company rose 0.5 percent to Rs 59.25. The stock had gained as much as 1.53 percent earlier.

The company has received Letter of Award from NTPC for a 250MW solar project under the CPSU scheme for worth Rs 1,505 crore, according to its media statement to the exchanges.

“The order is expected to be completed by 20 months,” the statement said, adding that the company’s order solar order book stands at Rs 7,600 crore.

The scrip traded at 12 times its estimated earnings per share for the coming year, according to Bloomberg data.

Nine out of 11 sectoral gauges compiled by NSE traded higher, led by the NSE Nifty IT Index’s 1.6 percent gain. On the flipside, the NSE Nifty Media Index was the top sectoral loser, down 0.42 percent.

Shares of logistics company rose as much as 5.4 percent to Rs 105.

“Allcargo Logistic’s board is expected to approve Blackstone’s initial investment in its warehousing unit on Monday,” Bloomberg reported citing people with knowledge of the matter.

“Blackstone will purchase further stakes based on achievement of specified performance milestones, which could leave Allcargo with a minority interest,” the report added, quoting the above people who asked not to be identified as the talks are private.

Shares of the drugmaker rose as much as 1.6 percent to Rs 566.75.

Alembic Pharmaceuticals received U.S. FDA approval, for its Vilazodone Hydrochloride tablets, used to treat ‘major depressive disorder’, the pharmaceutical company said in a stock exchange filing.

The scrip traded at 16 times its estimated earnings per share for the coming year, according to Bloomberg data.

Shares of Federal Bank rose as much as 1.6 percent to Rs 90.25.

About 11.2 lakh shares of the lender changed hands in a large trade, Bloomberg data showed. Buyers and sellers were not known immediately.

Of the shares traded, 80 percent were at the ask price and 17 percent were at the bid, Bloomberg data showed.

Nifty’s 12,300 call option contract was among the most active Nifty option contracts on National Stock Exchange.

Premium on the contract, which is set to expire on Jan. 16, rose 56.22 percent to Rs 78.50. Over 5.07 lakh shares were added to the open interest which stood at over 20.30 lakh shares.

Indian stocks opened higher to trade at record highs.

The S&P BSE Sensex rose 0.61 percent to 41,854 and the NSE Nifty 50 rose 0.56 percent to 12,324. Both the indices were trading at their all-time highs. The broader markets represented by the NSE Nifty 500 Index rose 0.57 percent.

Shares of Edelweiss Financial Services rose as much as 8 percent to Rs 114.50. The stock had declined nearly 10 percent on Friday, its steepest fall since Oct. 3, 2019.

The company said that it received communication from the Enforcement Directorate to appear and provide information about group companies' dealings with a firm called Capstone Forex Pvt. Ltd.

“We would like to state that none of our companies have any transactions with this company—Capstone Forex,” the company said in a statement.

Trading volume was more than 15 times its 20-day average, Bloomberg data showed. Of the shares traded, 43 percent were at the ask price and 42 percent were at the bid.

Shares of Yes Bank fell 4.6 percent to Rs 42.70 after declining as much as 8.3 percent in the opening trade.

The Mumbai-based lender failed to conclude its fund raising once again as it rejected one large offer it had previously received, while leaving the fate of second investment proposal hanging. (Read the full story here)

Besides, Uttam Prakash Agarwal, independent director and audit committee chairman, resigned on Friday.

The stock declined 5.4 percent in the past five days and fell 8.5 percent in the past 30 days, Bloomberg data showed.

Shares of the operator of DMart chain of supermarkets rose as much as 3.4 percent to Rs 1,940.15 after the company announced its third-quarter results.

Key Earnings Highlights (Q3, YoY)

• Revenue rose 24 percent Rs 6,815 crore.
• Net profit rose 55 percent to 384.01 crore.
• Ebitda up 32 percent Rs 602.84 crore.
• Ebitda margin at 8.84 percent versus 8.34 percent.
• Net profit aided by reduction in tax by Rs 41 crore.

Here’s what JPMorgan had to say after the company announced December quarter results:

• Maintained ‘Neutral’; hiked price target to Rs 1,960 from Rs 1,750.
• December quarter was inline; pace of store additions picks up.
• Remains key beneficiary of rising share of organised retail chains.
• Expensive valuation leave limited scope for near-term outperformance.

Indian stocks extended gains for the third consecutive trading session and traded at record highs.

The S&P BSE Sensex rose as much as 0.62 percent to 51,856.94 and the NSE Nifty 50 rose as much as 0.58 percent to 12,327.60. The broader markets represented by the NSE Nifty 500 Index rose as much as 0.59 percent.

The market breadth was tilted in favour of buyers. About 1,073 stocks advanced and 384 shares declined on National Stock Exchange.

All the sectoral gauges compiled by NSE traded higher, led by the NSE Nifty IT Index’s 0.9 percent gain.

Futures

• Nifty January futures closed at 12,290, premium of 33.2 points versus 53.85 points.
• Nifty January futures OI up 1 percent, adds 1.1 lakh shares in OI.
• Nifty Bank January futures closed at 32,122.7, premium of 25.3 points versus 60.25 points.
• Nifty Bank January futures OI down 10 percent, sheds 1.6 lakh shares in OI
• Options
• Nifty PCR at 1.54 versus 1.58 (across all series)

Nifty Weekly Expiry: Jan. 16

• Max OI on call side at 12,300 (15.2 lakh shares)
• Max OI on put side at 12,200 (17.4 lakh shares)
• OI addition seen at 12,300C (+5.8 lakh shares), 12,500C (+5.8 lakh shares), 12,250P (+4.7 lakh shares)

Nifty Monthly Expiry: Jan 30

• Max OI on call side at 12,500 (26 lakh shares)
• Max OI on put side at 12,000 (44.2 lakh shares)

Stocks In F&O Ban

• Yes Bank

• Mahindra Lifespace Developers to meet ICICI Pru MF on Jan. 13
• Godawari Power & Ispat to meet Nippon MF, BNP Paribas and other investors on Jan. 13
• Magma Fincorp to meet Sundaram MF and Creador on Jan. 13

• Reliance Infrastructure, Astron Paper & Board Mill to move out of ASM Framework.
• Indowind Energy, Karda Constructions, Talwalkars Better Value Fitness, Multibase to move into short term ASM Framework.
• IG Petrochemicals, GP Petroleums, Rollatainers, Bharat Wire Ropes to move out of short term ASM Framework.
• Jindal Poly Films price band revised to 20 percent.
• Jubilant Industries price band revised to 5 percent.

The Indian rupee opened higher against the U.S. dollar. The home currency appreciated as much as 0.21 percent to 70.79 against the greenback.

Indian stocks are set to open higher.

The S&P BSE Sensex rose 0.35 percent to 41,745.05 during the pre-market trade and the NSE Nifty 50 rose 0.15 percent to 12,274.

• Sadbhav Infra Projects: Nomura Group sold 1.34 crore shares (3.8 percent) at Rs 38.98 each
• Reliance Infra: IndusInd Bank sold 15.21 lakh shares (0.59 percent) at Rs 24.9 each.

• Infosys: An independent investigation into whistleblower allegations of “unethical practices” at the company has found no evidence of financial impropriety or misconduct by its Chief Executive Officer Salil Parekh and Chief Financial Officer Nilanjan Roy. The audit committee concluded that the allegations in the anonymous whistleblower complaint dated Oct. 21, 2019 are “substantially without merit”, the software services exporter said in a media statement. “The audit committee concluded that no restatement of previously announced financial statements or other published financial information is warranted.”
• Edelweiss Financial Services said that it received communication from the Enforcement Directorate to appear and provide information about group companies' dealings with a firm called Capstone Forex Pvt. Ltd. "We would like to state that none of our companies have any transactions with this company - Capstone Forex," the company said in a statement.
• Reliance Industries: The Delhi High Court sought the Centre's reply on a plea by the company seeking recall of orders asking it to file an affidavit on its assets, according to a PTI report.
• ICICI Bank: Assets worth over Rs 78 crore of former Chairman Chanda Kochhar, including her Rs 3.5 crore flat in Mumbai, and her family have been attached by the Enforcement Directorate in connection with a money-laundering probe against them, PTI reported quoting agency.
• HCC: Lenders have initiated a debt/asset carve out of about Rs 2,100 crore to a third-party controlled SPV along with certain arbitration awards and claims. Company stated that pursuant to the debt-carve out, the company’s balance sheet will be deleveraged with no debt servicing obligations expected for the next 33 months. Carve out will be in nature of slump sale and lenders aim to close the aforementioned transaction buy March 31.
• Tata Steel’s Netherlands arm has executed agreements for the refinancing of its bank debt and has raised term loan facilities of 1.75 billion euros from 19 banks. This represents a reduction of 500 million euros versus the external debt outstanding in Tata Steel Europe as of March 2019.
• South Indian Bank to consider raising funds via debt on Jan. 16.
• Cholamandalam Investment & Finance issued non-convertible debentures worth Rs 400 crore to CDC Group.
• Tata Chemicals: NCLT Mumbai has sanctioned the scheme of demerger of the firm’s consumer products business to Tata Global Beverages. On Jan. 8, even NCLT Kolkata has sanctioned this scheme.
• Bank of Baroda reduced One Month MCLR by 5 basis points to 7.6% with effect from Jan. 12.
• HUDCO said that one of its borrowing agencies with principal outstanding of Rs 726.35 crore has cleared its dues on Jan. 9 and now is out of NPA. On Dec. 4, it was reported that company’s two borrowing agencies had defaulted in repayment of their dues.
• JSW Energy said that the company has been allotted shares worth Rs 351.77 crore by Jaiprakash Power Ventures. The action is a part of restructuring agreement in the which Jai Prakash Power Ventures owed Rs 751.77 crore to the company.
• Allcargo Logistics allotted Rs 160 crore worth of non-convertible debentures to HSBC.
• Reliance Capital said that its trustee IDBI Trusteeship Services has an application before NCLT, claiming payment of overdue amount of Rs 2850.8 crore.
• Lupin: U.S. FDA completes inspection of Lupin’s Nagpur facility that was carried out between Jan.6-10, 2020. The inspection closed with two 483 observations.

Earnings To Watch

• Delta Corp
• Tata Elxsi

Earnings Reaction To Watch

Infosys (Q3, QoQ)

• $ Revenue up 1 percent to $3,243 million. (Estimate: $3,254 million)
• Revenue up 2 percent to Rs 23,092 crore. (Estimate: Rs 23,168 crore)
• Net profit up 10.9 percent to Rs 4,457 crore. (Estimate: Rs 4,194 crore)
• EBIT rose 3.1 percent to Rs 5,064 crore. (Estimate: Rs 5,154 crore)
• Margin at 21.9 percent. (Estimate: 22.2 percent)
• Revised guidance is 10-10.5 percent in constant currency.
• Maintained 2019-20 operating margin guidance range of 21-23 percent.

Steel Strips Wheels(Q3, YoY)

• Revenue down 28.8 percent to Rs 343.6 crore.
• Net profit down 67.9 percent to Rs 6.3 crore.
• Ebitda down 30.8 percent to Rs 42.7 crore.
• Margins at 12.4 percent versus 12.8 percent.

Avenue Supermarts (Q3, YoY)

• Revenue rose 24 percent Rs 6,815 crore.
• Net profit rose 55 percent to 384.01 crore.
• Ebitda up 32 percent Rs 602.84 crore.
• Ebitda margin at 8.84 percent versus 8.34 percent.
• Net profit aided by reduction in tax by Rs 41 crore.

• India to release December consumer-price inflation data at 5:30 p.m.

• The S&P 500 dropped for the first time in three days on Friday after hiring data fell short of estimates and wage growth was the weakest in more than a year.
• Oil ended the first full week of 2020 with the steepest loss since July as geopolitical threats to some of the world’s most important supplies fizzled.
• The pound fell to a two-week low on Friday as outgoing Bank of England Governor Mark Carney signaled that an interest-rate cut could still be on the horizon.

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The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, rose 0.35 percent to 12,333.50 as of 8:15 a.m.

Asian stocks were mixed Monday as investors mulled Friday’s lackluster U.S. employment report.

Shares rose in Seoul and Hong Kong, and fell in Shanghai and Sydney. Japanese markets were closed for a holiday. U.S. futures saw modest gains.

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