3 min read . Updated: 19 Jan 2021, 10:46 AM IST
- Benchmark indices opened higher tracking Asian markets with the Sensex bouncing back to reclaim the 49,000 mark after two days of losses. Nifty crossed the 14,400 mark. Most sectors were in the green with realty and auto best gainers
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19 Jan 2021, 10:46:30 AM IST
IDFC First Bank up 3%
IDFC First Bank Ltd seeks to expand its credit card business with two unique offerings, including interest-free cash advances for 48 days and dynamic interest rates on revolving credit. The services were launched on Friday.
The interest-free cash scheme is a first for the industry and is a feature that the bank is testing, B. Madhivanan, chief operating officer, IDFC First Bank, said in an interview.
19 Jan 2021, 10:36:20 AM IST
Nifty Realty zooms 5% led by Indiabulls Real Estate, DLF
19 Jan 2021, 10:27:21 AM IST
The Indian rupee surged 12 paise to 73.16 against the US dollar in early trade
19 Jan 2021, 10:18:54 AM IST
Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments
“Although we have opened with a gap up, I would be wary of going long immediately. The Nifty has a resistance around the 14550-14600 levels. If we can conquer that, we should be headed to 14900. Until then there is every possibility to go down to levels closer to 14100 and then 14000.”
19 Jan 2021, 10:08:41 AM IST
Investors exercise caution on steel stocks on rising input costs
A strong demand and improving realisations notwithstanding, investors have been turning cautious on steel stocks, largely because rising cost of key raw material such as iron ore and coal have led to concerns on profit margins of steel manufacturers. Tata Steel Ltd, JSW Steel Ltd, Steel Authority of India Ltd, and Jindal Steel and Power Ltd – all saw some corrections on Monday.
The Street remains watchful of steel demand and prices after the end of Chinese New Year celebrations. (Full report)
19 Jan 2021, 10:01:13 AM IST
Market breadth positive, fear gauge VI down around 3%
19 Jan 2021, 09:58:43 AM IST
All sectoral indices in the green, Nifty Realty up 3%
19 Jan 2021, 09:39:47 AM IST
Maruti up 1%
The country’s largest carmaker on Monday said it has increased the price for select models by up to ₹34,000 to offset adverse impact of rising input costs. The new prices are effective from January 18.
19 Jan 2021, 09:38:31 AM IST
Mindtree up 4%
The IT firm owned by Larsen & Toubro (L&T) Ltd, posted a 65.7% year-on-year increase in net profit to ₹326.5 crore for the third quarter-ended December on the back of improvement in operational efficiencies. On a sequential basis, the net profit was up 28.7%. The company’s revenue for the quarter stood at ₹2,023.7 crore, up 5% sequentially and 3% on an annual basis driven by broad-based growth across verticals and service lines.
19 Jan 2021, 09:31:27 AM IST
Tata Motors, Adani Ports best gainers on Nifty; UPL lags
19 Jan 2021, 09:27:05 AM IST
Sensex at open
At 0925 am, Sensex was 423.81 points higher at 48,988, while Nifty was up almost 1% at 14,412. ONGC, Bajaj Finance and RIL were the best gainers, while HDFC Bank and ITC biggest laagards.
19 Jan 2021, 09:18:38 AM IST
Sensex, Nifty jump at open
19 Jan 2021, 09:02:41 AM IST
Sensex, Nifty positive at pre-open
Sensex was up 100 points at 48,672, while Nifty was
19 Jan 2021, 09:00:30 AM IST
Suzuki takes SUV battle to Hyundai
Suzuki Motor Corp. is developing a mid-size sport-utility vehicle (SUV) for India, aiming to mount a bigger challenge to South Korea’s Hyundai Motor Group, which dominates this fast-growing segment, said three people directly aware of the matter.
The new vehicle, code-named ‘YFG’, is based on Suzuki’s popular global SUV brand, Grand Vitara, the people said, requesting anonymity.
Production of the vehicle is likely to begin from 2022 at the factory of Toyota Motor Corp.’s Indian unit in Karnataka, becoming the first Suzuki product to be produced by Toyota in India as part of a wide-ranging partnership between the two Japanese automakers.
19 Jan 2021, 08:47:29 AM IST
Stocks to Watch: Mindtree, Maruti, Apollo Hospitals
Among stocks that will be in focus on Tuesday are Mindtree, Maruti, Apollo Hospitals, Adani Green, Indiamart.
Major companies which will announce their December quarter results are L&T Infotech, ICICI Lombard, Bank of Maharashtra, Tata Communications, CSB Bank and Ceat India.
19 Jan 2021, 08:33:01 AM IST
Indian markets likely to consolidate
Indian stock markets are likely to consolidate on Tuesday while trends in SGX Nifty suggest a positive opening of domestic benchmark indices. On Monday,
Indian stocks fell for the second straight day, extending Friday’s decline, as investors pondered over whether the stunning gains of the past few months have outstripped economic reality.
On Monday, the BSE Sensex closed at 48,564.27, down 470.40 points or 0.96%. The Nifty ended at 14,281.30, down 152.40 points or 1.06%.
19 Jan 2021, 08:19:20 AM IST
Asian shares edge higher
Asian share markets edged ahead on Tuesday as investors wagered China’s economic strength would help underpin growth in the region, even as pandemic lockdowns threatened to lengthen the road to recovery in the West.
MSCI’s broadest index of Asia-Pacific shares outside Japan firmed 0.2%. Japan’s Nikkei bounced 1%, recovering all the losses suffered on Monday.
U.S. stocks also looked a little steadier as futures for the S&P 500 added 0.4% and NASDAQ futures 0.3%.