Thank you, readers! Here are the main highlights from today’s trading session##Thank you, readers! Here are the main highlights from today’s trading session

- Market Ends At Record High For The Third Consecutive Day

- Sensex and Nifty Gain 0.3 percent Each To Close At 41,674 and 12,260, Respectively

- Nifty Bank Ends Flat With A Negative Bias; HDFC Bank Top Loser

- Midcap Ends Flat With Mkt Breath Slightly In Favour Of Advances

- Bharti Airtel Top Nifty Gainer After Sunil Mittal’s Comment On Rs 300 ARPU

- Reliance, Too, Moves Along With Bharti On Optimistic Comment By Mittal

- Tata Steel Gains 2 percent From lows To Close The Trade Above 200-DMA

- HDFC Twins Along With ITC Keep Nifty Gains In Check

- Yes Bank Sees A Major Surge In Second Half of The Session, Up 11 percent From Lows

- Autos Move Higher After Macquarie Says Worst Is Over For The Sector

Dec 19, 2019 3:39 PM

Closing Bell: Sensex, Nifty end at record close for third session; metal, IT stocks rally##Closing Bell: Sensex, Nifty end at a record close for the third session; metal, IT stocks rally

The benchmark indices continued its bulls run to end at a record close for the third straight session on Thursday led by auto, IT, and FMCG sectors. Gains in index heavyweights like Reliance Industries, TCS, Bharti Airtel, and HUL also helped lift the indices to record highs.

The BSE Sensex ended 115 points higher at a new closing high of 41,674, while Nifty settled 38 points higher at fresh closing high of 12,260. In intra-day deals, the indices hit fresh highs for the third consecutive session. Sensex rose as much as 161 points to hit a new high of 41,719, while the Nifty50 index gained 47 points to hit a fresh high of 12,268.

Yes Bank, Eicher Motors, TCS, Bharti Airtel, and Tata Motors were the top gainers on the Nifty50 index, up between 2-6.5 percent, while Vedanta, Adani Ports, Grasim, Sun Pharma, and HDFC led the losses. Most sectors gave positive returns for the day. Nifty Auto rose the most, up 0.9 percent, followed by Nifty IT, which rose 0.7 percent. Nifty FMCG also added 0.14 percent and Nifty Bank was flat for the day.

Dec 19, 2019 3:34 PM

Multibagger or not? This stock fell 92% since January 2018, after rising 3,100% in 10 years##Multibagger or not? This stock fell 92% since January 2018, after rising 3,100% in 10 years

After rising over 3,100 percent between January 2008 and January 2018, shares of this technology company tumbled 92 percent since then. The stock price of Vakrangee Ltd rose from around Rs 16 in January 2008 to its record high of Rs 515 in January 2018, surging 3,119 percent in ten years. However, post its stunning rise, the stock shed as much as 92 percent from its all-time high to Rs 42 currently.

The stock came under pressure in early 2018 after auditing firm Price Waterhouse quit the audit mandate of the technology firm and raised concerns to the corporate affairs ministry about its books of accounts mainly related to its bullion and jewellry business, even as the company denied any irregularities. READ MORE

Dec 19, 2019 3:18 PM

These NSE stocks hit their 52-week highs or lows on December 19

Dec 19, 2019 3:05 PM

Indian economy not in big crisis, will definitely recover, says Raamdeo Agrawal of MOFSL##Indian economy not in big crisis, will definitely recover, says Raamdeo Agrawal of MOFSL

The Indian economy is not in a big crisis and will recover within 6-8 months, said Raamdeo Agrawal, Chairman, Motilal Oswal Financial Services. Speaking with CNBC-TV18’s Latha Venkatesh at the 24th Motilal Oswal Wealth Creation Study event, Agrawal said, “Economy will definitely recover. I am of the firm view that it is not the first time that we are down 4.5 percent and we are not in big crisis.”

“However, in the next 4-5 years as the momentum picks up of the economy, consumers come back, confidence comes back in the economy," Agarwal added. He noted that the telecom sector has been a disastrous story for the last 15 years. From 3 players, it went to 17 players and now it’s back to 3 players, Agarwal added. READ MORE

Dec 19, 2019 2:51 PM

Roundup 2019: Worst year for FMCG firms; Dabur, Nestle, among others, revenue growth falls##Roundup 2019: Worst year for FMCG firms; Dabur, Nestle, among others, revenue growth falls

With liquidity squeeze, a slowdown in the agriculture sector, and uncertainty over sustainable incomes and job stability, 2019 will be remembered as the year which saw the worst slowdown for the FMCG sector in over a decade, according to a report. Noting severe demand crunch in the space, a Credit Suisse report released in September said that FY20 was likely to be the year of worst revenue growth for India's FMCG sector since 2000-03. The liquidity squeeze, a slowdown in the agri sector, uncertainty over sustainable incomes and job stability have made people cautious about their consumption habits. Taking this into account, market research firm Nielsen revised the growth forecast for the Indian FMCG sector to 9 percent for calendar year 2019, from the earlier forecast of 11-12 percent. READ MORE

Dec 19, 2019 2:35 PM

HDFC Securities' 2020 outlook for major sectors and stock ideas

Indian stock market performed well in the year 2019, with Sensex giving 13.7 percent returns while Nifty rising 11.3 percent so far.

Dec 19, 2019 2:15 PM

Dec 19, 2019 1:54 PM

Havells fell over a percent post CLSA report##​Havells fell over a percent post CLSA report

The share price of electrical equipment-maker Havells India fell over a percent intraday on December 19 after CLSA slashed its price target for the stock by 5 percent, citing weak performance in Q3FY20.

While maintaining the outperform call on the stock, CLSA cut the price target to Rs 730 from Rs 770.

"Strategic changes and competitive intensity impacted Lloyd's profitability. The slowdown in the realty sector impacted growth rates in core categories in the first half of FY20," said the brokerage house.

Dec 19, 2019 1:35 PM

Here are the 10 biggest wealth creators between 2014-19. Do you own any?##Here are the 10 biggest wealth creators between 2014-19. Do you own any?

The top 100 wealth creators in India have added Rs 49 lakh crore during the 2014-19 period, which was the highest ever quantum of wealth created in the country, according to the Motilal Oswal 24th Annual Wealth Creation Study 2019. Five of the top 10 biggest wealth creators are from the financial sector, noted the study, which was released on Wednesday. Here is the link to the 10 biggest wealth creators during 2014-2019.

Dec 19, 2019 1:15 PM

Here's a quick catchup of all market action##Here's a quick catchup of all market action

1. Markets extended gains on Thursday, with Sensex up 110.47 points or 0.27 percent at 41,667.03 while the Nifty50 index was trading at 12,252, up 30 points or 0.24 percent.

2. Eicher Motors, M&M, Hero Motocorp, TCS and Bharti Infratel were the Nifty50 top gainers while Vedanta, YES Bank, Sun Pharma, Grasim and Bharti Airtel were the top losers.

3. Nifty50 indices remained mixed with Nifty Auto has the best-performing index, up 1.05 percent followed by Nifty FMCG, Nifty IT and Nifty Bank. Nifty Pharma remained the worst-performing index of the day, trading nearly 0.57 percent lower.

Dec 19, 2019 12:59 PM

Dec 19, 2019 12:55 PM

NMDC's shares gain 3%, hits a 52-week high##NMDC's shares gain 3%, hits a 52-week high

The shares of India's largest state-owned iron ore miner NMDC rose almost 3 percent on December 19, a day after the firm said it had received the nod to hike Kumaraswamy iron ore output.

The effective date of approval is for 2020-21 and 2021-22, the company said.

The stock hit its 52-week high at Rs 124.40 per share on the NSE.

Dec 19, 2019 12:35 PM

RIL biggest wealth creator during 2014-19, IndusInd Bank most consistent: Study##RIL biggest wealth creator during 2014-19, IndusInd Bank most consistent: Study

The top 100 wealth creators in India have created Rs 49 lakh crore during the 2014-19 period, which was the highest ever quantum of wealth created in the country, said the Motilal Oswal 24th Annual Wealth Creation Study 2019 released on Wednesday. Five of the top 10 biggest wealth creators are from the financial sector, the study noted.

Click here to read more.

Dec 19, 2019 12:21 PM

Dec 19, 2019 12:06 PM

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