Share market update: OMCs trade mixed; BPCL up nearly 2%
The S&P BSE Oil & Gas index was trading 0.18 per cent down at 14,721.52.
Share market update: 66 stocks hit 52-week highs on NSE
Overall, 19 shares were trading in green in Nifty50 index, while 31 were trading in t...
Stock market update: Realty shares mixed; Prestige Estates rises 2%
The Nifty Realty index was trading 0.03 per cent up at 324.25 .
Stock market update: IT shares dip; HCL Tech slips nearly 2%
The Nifty IT index was trading 0.8 per cent down at 16,225.7 .
Slow economy provided relief to domestic coal production, keeping market in balance in 2019: WoodMac
India continues to invest in renewable sources of power with a focus on affordability, security and environment. Despite the ‘must run’ status of renewable power, wind and solar projects still faced large-scale grid curtailment in 2019, owing to the ongoing financial distress of state distribution companies, asserted solar analyst Rishab Shrestha.
Share market update: IOC, PFC among top losers on BSE
In the Nifty pack, 28 stocks were in the green, while 22 stocks were in the red.
Samsung appoints new mobile chief as Huawei chips away at market share
Samsung appointed Roh Tae-moon, currently its youngest-ever president at 51, as mobile chief as part of a reshuffle that came later than usual amid a series of court cases involving some of its top executives including leader Jay. Y Lee. Roh championed Samsung's shift to outsource more handset production to cut costs and better compete with lower-priced Chinese smartphone makers.
Share market update: NHPC, Vodafone Idea among top gainers on BSE
Among the 50 components in the Nifty index, 36 shares were trading in the green, while 14 were in the red.
CLSA maintains buy on UPL, target price Rs 720
The stock is attractively valued at 15 times FY21earnings and 13 times FY22 earnings, said CLSA.
Kotak Institutional Equities maintains reduce on Hindustan Zinc, revises fair value to Rs 210
The brokerage has cut EPS estimates by 6-10% factoring in lower volumes and commodity prices.
Credit Suisse maintains neutral on Havells India, cuts target price to Rs 615
Havells' third quarter earnings were significantly below estimates with revenues declining 10% and profit before tax falling 20%.
Jefferies maintains buy on Newgen Software, raises target price to Rs 305
The brokerage has raised its revenue growth and margin estimates for FY20 to reflect a better third quarter and improved commentary.
Nikkei drops to two-week low as China virus spreads; cyclicals lose ground
The broader Topix fell 0.8 per cent to 1,730.50.
Investec maintains buy on Can Fin Homes, raises target price to Rs 530
Can Fin reported strong third quarter earnings due to a positive surprise on margins, said Investec.
Stock market update: Pharma stocks edge higher; Aurobindo Pharma up 2%
The Nifty Pharma index was trading 0.26 per cent up at 8,321.55.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service