Market News
ЁЯФ┤ DURING THE MARKET
ЁЯФ╣China drop due to - lifting of short selling ban / low mfg pmi for 5th consecutive month / currency devaluation.
ЁЯФ╣Sensex plunges more than 500 points. Nifty declines nearly 170 points, 29 components trading in the negative territory
ЁЯФ╣Indian shares, which fell in early trade on weak Asian cues, are further under pressure after data showed factory activity contracted in December for the first time in over 2 years.
ЁЯФ╣Bank stocks update :- Bank of Baroda down 5 pct, Yes Bank slips 3.9 pct, PNB sheds 3.5 pct, ICICI loses 2.9 pct., BSE bankex is down more than 2 pct
ЁЯФ╣BSE mid-cap sub-index falls 1.51 pct at 01.40 p.m. IDBI slumps 5.84 pct, Oriental Bank 5.34, Aurobindo Pharma dip 4.3 pct.
ЁЯФ╣Losses in Bosch, Grasim, Ultratech Cement, Lupin and Hero MotoCorp are weighing on the Nifty, which is trading more than 160 points
ЁЯФ╣IRB Infrastructure rises 4.7 pct to 256.60 rupees. The company was awarded a road project worth 100.5 billion rupees in Jammu and Kashmir today.
ЁЯФ╣HSBC cuts Cadila Healthcare target price to 324 rupees from 431 rupees, Barclays cuts Cadila Healthcare target price to 344 rupees from 444 rupees; rating equal weight
ЁЯФ╣Chinese stocks slumped 7 pct on Monday on weak factory activity surveys and falls in the yuan, forcing exchanges to suspend trade for the first time
ЁЯФ╣Tata Motors slumps 6 pct to 378.50 rupees. The stock is top Sensex loser
ЁЯФ╣India's volatility index jumps over 18 pct at 12.01 p.m. The index is a measure of the market’s expectation of volatility over the near term.
ЁЯФ╣Jai Corp jumps more than 13 pct to 88.45 rupees at 11.17 a.m. The stock earlier rose to 92 rupees, its highest level since November 19, 2014.
ЁЯФ╣Punj Lloyd gets contracts worth 15.55 billion rupees; stock rises more than 7 pct to 30.80 rupees at 10.58 a.m.
✔ GLOBAL MARKETS UPDATE -
ЁЯФ╣Nikkei hits 2-1/2-month low
ЁЯФ╣Shanghai down as much as 7 pct
ЁЯФ╣China factory activity falls
ЁЯФ╣Oil futures up Saudi-Iran crisis
ЁЯФ╣FYI, the diplomatic row Saudi,Arabia and Iran, two major oil producers, escalated following Riyadh's execution of a prominent Shi'ite cleric on Saturday.
ЁЯФ╣India manufacturing PMI falls to 49.1 in December vs 50.3 in November; lowest in 28 months,
Indian manufacturing activity fell in December for the first time in over two years, hurt by weakening domestic demand, a business survey showed today
India's manufacturing took a turn for the worse at the year-end, with already weak local demand further hampered by floods in the south - Pollyanna De Lima, Markit
ЁЯФ╣Suzlon Energy, Subex, Visesh Infotecnics, GMR Infrastructure, Unitech. Rasoya Protein, Ashok Leyland & Jai Corp Ltd are among the top traded shares on the NSE
ЁЯФ╣Ashok Leyland reports a rise of 31 pct in December total sales versus the same period last year; stock rises 3.3 pct to 91.70 rupees
ЁЯФ╣TCS has restarted talks to buy Perot IT business from Dell, the Economic Times reported today
ЁЯФ╣Bajaj Auto says it sold a total of 2,89,003 vehicles in December 2015, down 0.1 pct from the same period a year ago;
ЁЯФ╣BSE metals index falls 0.9 pct, oil & gas index loses 0.46 pct, auto index down 0.44 pct while power index adds 0.4 pct
ЁЯЩПЁЯМ╣ЁЯЩП
ЁЯФ╣China drop due to - lifting of short selling ban / low mfg pmi for 5th consecutive month / currency devaluation.
ЁЯФ╣Sensex plunges more than 500 points. Nifty declines nearly 170 points, 29 components trading in the negative territory
ЁЯФ╣Indian shares, which fell in early trade on weak Asian cues, are further under pressure after data showed factory activity contracted in December for the first time in over 2 years.
ЁЯФ╣Bank stocks update :- Bank of Baroda down 5 pct, Yes Bank slips 3.9 pct, PNB sheds 3.5 pct, ICICI loses 2.9 pct., BSE bankex is down more than 2 pct
ЁЯФ╣BSE mid-cap sub-index falls 1.51 pct at 01.40 p.m. IDBI slumps 5.84 pct, Oriental Bank 5.34, Aurobindo Pharma dip 4.3 pct.
ЁЯФ╣Losses in Bosch, Grasim, Ultratech Cement, Lupin and Hero MotoCorp are weighing on the Nifty, which is trading more than 160 points
ЁЯФ╣IRB Infrastructure rises 4.7 pct to 256.60 rupees. The company was awarded a road project worth 100.5 billion rupees in Jammu and Kashmir today.
ЁЯФ╣HSBC cuts Cadila Healthcare target price to 324 rupees from 431 rupees, Barclays cuts Cadila Healthcare target price to 344 rupees from 444 rupees; rating equal weight
ЁЯФ╣Chinese stocks slumped 7 pct on Monday on weak factory activity surveys and falls in the yuan, forcing exchanges to suspend trade for the first time
ЁЯФ╣Tata Motors slumps 6 pct to 378.50 rupees. The stock is top Sensex loser
ЁЯФ╣India's volatility index jumps over 18 pct at 12.01 p.m. The index is a measure of the market’s expectation of volatility over the near term.
ЁЯФ╣Jai Corp jumps more than 13 pct to 88.45 rupees at 11.17 a.m. The stock earlier rose to 92 rupees, its highest level since November 19, 2014.
ЁЯФ╣Punj Lloyd gets contracts worth 15.55 billion rupees; stock rises more than 7 pct to 30.80 rupees at 10.58 a.m.
✔ GLOBAL MARKETS UPDATE -
ЁЯФ╣Nikkei hits 2-1/2-month low
ЁЯФ╣Shanghai down as much as 7 pct
ЁЯФ╣China factory activity falls
ЁЯФ╣Oil futures up Saudi-Iran crisis
ЁЯФ╣FYI, the diplomatic row Saudi,Arabia and Iran, two major oil producers, escalated following Riyadh's execution of a prominent Shi'ite cleric on Saturday.
ЁЯФ╣India manufacturing PMI falls to 49.1 in December vs 50.3 in November; lowest in 28 months,
Indian manufacturing activity fell in December for the first time in over two years, hurt by weakening domestic demand, a business survey showed today
India's manufacturing took a turn for the worse at the year-end, with already weak local demand further hampered by floods in the south - Pollyanna De Lima, Markit
ЁЯФ╣Suzlon Energy, Subex, Visesh Infotecnics, GMR Infrastructure, Unitech. Rasoya Protein, Ashok Leyland & Jai Corp Ltd are among the top traded shares on the NSE
ЁЯФ╣Ashok Leyland reports a rise of 31 pct in December total sales versus the same period last year; stock rises 3.3 pct to 91.70 rupees
ЁЯФ╣TCS has restarted talks to buy Perot IT business from Dell, the Economic Times reported today
ЁЯФ╣Bajaj Auto says it sold a total of 2,89,003 vehicles in December 2015, down 0.1 pct from the same period a year ago;
ЁЯФ╣BSE metals index falls 0.9 pct, oil & gas index loses 0.46 pct, auto index down 0.44 pct while power index adds 0.4 pct
ЁЯЩПЁЯМ╣ЁЯЩП
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