Market Daddy | Share Bazar Live | Share Market News

On the MCX, gold contracts for February were trading higher by Rs 562, or 1.38 percent, at Rs 41,225 per 10 gram at 0920 hours. It hit a record high of 42,278 per 10 gm. India Gold February futures hit a fresh record high on January 8 tracking gains in international spot prices which surged past $1,600 an ounce mark after Iran fired rockets at Iraqi airbase which hosts US forces that triggered risk-off sentiment. Spot prices hit their highest since March 2013 at $1,610.90 earlier in the session. US gold futures rose 2 percent to $1,605.80. “The jump in the price of what’s viewed by investors as a safer asset in times of political and economic uncertainty came after Iran’s missile attack on US-led forces in Iraq early on Wednesday,” said a Reuters report. “The attack came hours after the funeral of an Iranian commander whose killing in a US drone strike has raised fears of a wider conflict in the Middle-East,” it said. On the MCX, gold contracts for February were trading...

NEWS ALERT | Jet fuel price cut by Rs 2,237 (3.4%) to Rs 62,672/kL in Delhi: CNBC TV18 NEWS ALERT | Zee Ent suspect Oppenheimer bought shares for a large media co: sources to CNBC TV18 -- Ask lenders to put shares in an Escrow account NEWS ALERT | Japan September unemployment rate at 2.4% Vs market expectations of 2.2%: Reuters NEWS ALERT | Sun Pharma gets US FDA nod for Sumatriptan Succinate: CNBC TV18 -- Drug used to relieve headache, pain & other migraine symptoms NEWS ALERT | China October Manufacturing PMI at 51.7: Reuters -- Caixin IHS Markit October Manufacturing PMI at 51.7 Vs 51.4 MoM. -- October PMI matches previous high of February 2017 -- China’s factory activity unexpectedly expanded at the fastest pace in well over two years since February 2017 Laurus Labs Jumps The Most In Nearly 33 Months After Q2 Results Announcement Shares of Laurus Labs rose as much as 13.3 percent, the most since February 2017, to Rs 418.80, the highest in ove...

Yes Bank soars 25% - Yes Bank share price soared more than 25% to hit the day's high at Rs 39.90 after the overhang ended following RNAM selling Rana Kapoor's pledged shares.  Yes Bank Ltd.’s Group President and Chief Financial Officer Rajat Monga resigned from his posts amid an upheaval at the private lender with multiple resignations and share price plunge. Gold price today: Gold prices rebounded in futures trade, 3 tracking sell-off in equities and fresh concerns around trade war front.  M&M Swings After Joint Venture Announcement Shares of Mahindra & Mahindra fluctuated between gains and losses to trade 0.55 percent lower at Rs 553.80. The automaker partnered with Ford Motor Company Inc. to develop, market and distribute vehicles in India and other high-growth emerging markets around the world. Mahindra will own a 51 percent controlling stake in the joint venture and Ford will own the remaining 49 percent, the Indian automaker said in an exchange...

Union Budget, Nifty near 12,000 - Union Budget scheduled to be announced from 11 a.m. by FM Nirmala Sitharaman. The Sensex reclaimed the 40,000-mark, while the Nifty is trading near the crucial 12,000-mark. The Sensex is up about 108 points to 40,016, while the Nifty is trading 35 points higher at 11,980. Shares of IndusInd Bank, L&T are among the biggest gainers, jumping up to 0.90%. In the Nifty, 38 shares registered gains while 12 registered declines.  Eveready Industries gains 2% in early trade -- Yes Bank acquired 9.47 percent stake in the company. DLF trading flat -- Company fixed July 23 as the record date for determining entitlement of shareholders for dividend for FY19. CATCH ALL MARKET UPDATES -  1 Divis Labs dips 2% 2  Motherson Sumi slips 1% in early trade 3  Guess Corp soars 5% in early trade 4  HDFC Life Insurance Co gains over 1% 5  Mcleod Russel India slips over 4% YES Bank slips 3%, hits a fresh five...

Titan slips 1% after Morgan Stanley downgrades the stock to 'equal weight'  - Titan Company shares dipped 1.5 percent to Rs 1,308 in early morning trade on the BSE on Thursday after global brokerage firm Morgan Stanley downgraded the stock from 'Overweight' to 'Equal Weight'. The financial services firm cited its reluctance to push multiples beyond current levels and less room for positive surprises from Titan in coming quarters as the reasons for the downgrade. YES BANK, ONGC Top Gainers - Yes Bank, ONGC shares are among the biggest gainers jumping up to 1.5%. HCL Tech, Bajaj Auto shares were among the biggest losers in the Sensex, shedding up to 1% in the morning trade.  Blockbuster listing: IndiaMart Intermesh shares list at 22% premium to the IPO price-  IndiaMart Intermesh made a blockbuster debut on the exchanges on Thursday, as the shares listed at a 21% premium to issue price. IndiaMart Intermesh which operates Indiamart.com online listi...

Yes Bank, TATA Motors Top Losers - Shares of Yes Bank, Tata Motors were among the biggest losers, shedding up to 1.51%.  Global stocks rallied and bonds retreated on Monday as the United States and China agreed to restart trade talks at the G20 summit over the weekend, leading investors to bet that a breakthrough between the world’s two largest economies would jumpstart global economic growth, Reuters reported. Sadbhav Infra Resumes Rally After A One-Day Blip -  Shares of Sadbhav Infrastructure Project rose as much as 9.9 percent to Rs 78. The stock has gained during Three trading sessions out of four. The company’s board approved the sale of entire stake in nine SPV comprising of seven toll road infra assets and two annuity infra assets to lndlnfravit Trust at a deal valued at Rs 6,611.2 crore, according to its stock exchange filing. Sadbhav infra will see a de-consolidation of net debt of Rs 4,060 crore. Hero Motocorp June sales: Total sales in June 2019 dec...

Yes Bank, IndusInd Bank top losers -  The leading gainers on BSE are Axis Bank, TCS, Asian Paints, and SBI, while the top losers are Yes Bank, IndusInd Bank, Vedanta, and Infosys. The Indian currency Rupee today opened flat at 69.37 a dollar against the previous close of 69.35 a dollar. Adani Enterprises zooms over 2% -  Adani Gets Key Approval To Start Building Australia Coal Mine Queensland’s Department of Environment and Science approved Adani’s Groundwater Dependent Ecosystem Management Plan for the Carmichael coal, according to Bloomberg report. The decision means Adani can begin work on the first phase, which is expected to cost A$ 2 billion, the report added. Rupee Opens: The Indian rupee opened flat at 69.34 per dollar on Thursday against previous close 69.34. Crude Update: Oil prices steadied on Thursday, after slumping as much as 4% in the previous session to nearly five-month lows on the back of a further buildup in US crude stockpiles and worries ...

Welspun Corp Falls -  After Buyback Approval Shares of the pipe maker fell for the third straight trading session and declined as much as 6.8 percent to Rs 127. The company’s board approved buyback of its shares at a price of Rs 140 apiece, aggregating of up to Rs 390 crore. The buyback was at a premium of 7.6 percent to the previous close. Centre To Divest 15% Stake In RITES The Government of India plans to divest 15 percent stake in RITES Ltd. Shares of RITES fell as much as 2.8 percent to Rs 235.05. Jet Airways Extends Decline -  After CEO Resigns Shares of Jet Airways declined for the third consecutive trading session and fell as much as 6.9 percent to Rs 120. The company’s Chief Executive Officer Vinay Dube resigned, hours after his deputy and Chief Financial Officer Amit Agarwal quit. Yes, Bank Near Six-Month Low -  Shares of Yes Bank fell as much as 4.8 percent to Rs 148.30, the lowest since Nov. 29, 2018. The Reserve Bank of India appointed R G...

HCL Tech top losers - Nifty Shares of HCL Technologies fell as much as 4.2 percent, the most in over five months, to Rs 1,088. The stock was the worst performer on Sensex and Nifty after announcing its March quarter results. The U.S. Raises Tariffs To 25% On About $200 Billion Of Chinese Goods Trump administration increased tariffs on some $200 billion in Chinese goods to 25 percent from 10 percent. RIL, Yes Bank among top gainers - Reliance Industries shares are trading 2% higher after the Mukesh Ambani-led firm’s subsidiary picked up British toy-maker Hamley’s. Yes, Bank shares are trading 2% higher at Rs 173 on BSE.  Zee Entertainment, ICICI Bank, Yes Bank, RIL, SBI, Tata Steel, TCS are among major gainers on the indices, while losers are Asian Paints, Voltas, IOC, Wipro, HCL Tech, Infosys, Mahanagar Gas, and Berger Paints. On the sectoral front, IT and FMCG are trading marginally lower, while metal, pharma, auto, and bank are witnessing buying interest. Rup...

Yes, Bank shares tanked by nearly 2%  -  to Rs 155, to emerge among the biggest Sensex losers.  Reliance Industries share price tanked by more than 1.5% to Rs 1,280.15 after global firm Morgan Stanley downgraded the stock to Equalweight.  Vodafone Idea Swings -  After Founders, Pledge Shares Shares of the telecom operator fluctuated between gains and losses to trade 0.7 percent higher at Rs 14.40. Shareholders of Vodafone Promoter Mauritius and Vodafone Promoter Indian pledged about 44.39 percent stake, the company said in a filing. Vodafone Group owns the stake through 12 entities based in India and Mauritius. The stake is valued at close to Rs 18,304 crore.  Yes Bank, Adani Ports, BPCL, UPL, Grasim, Gail, Cipla, HDFC, Power Grid, and RIL are trading lower , while on the other hand Hindalco, Britannia, Wipro, IOC, Coal India, and Hero Motocorp are among major gainers. Among sectors, except metal, all other sectors are trading lower. Rupee Ope...

Punjab National Bank Swings - On Unit Stake Sale Plans Shares of the state-run lender fluctuated between gains and losses to trade 0.58 percent higher at Rs 95.95 The PSU Bank plans entered into an agreement to sell 1.08 crore shares in PNB Housing Finance to General Atlantic Group at Rs 850 apiece, according to its stock exchange filing. The bank also plans to sell 1.08 crore shares in PNB Housing Finance to Varde Partners at Rs 850 a piece, it said, adding that the total stake sale is worth about Rs 1,851.6 crore. IndoStar Capital Finance Jumps -  On Heavy Volumes Shares of IndoStar Capital Finance extended gains for the fifth consecutive trading session, its longest gaining streak in over three weeks. The stock rose as much as 10.7 percent, the most in over three months, to Rs 422.40. Rupee rises 15 paise to 69.15 against US dollar in early trade - The rupee appreciated by 15 paise to 69.15 against the US dollar in opening trade Friday, driven by sustained fore...

Bharti Airtel, Yes Bank top gainers - Bharti Airtel shares gained more than 2% to Rs 342.10 on BSE, while Yes Bank shares jumped more than 1.5% to Rs 257 to emerge among the top Sensex gainers. Indiabulls Housing, NTPC, Yes Bank, Grasim Industries, Bajaj Finserv, L&T, JSW Steel, Eicher Motors are among major gainers on the indices, while losers are Coal India, TCS, Maruti Suzuki, Adani Ports, HUL, Bharti Infratel and Wipro. Among the sectors, except IT and metal all other sectoral indices are trading in green. Rupee Opens: The Indian rupee gained in the early trade on Friday. It opened higher by 18 paise at 68.64 per dollar versus 68.82 yesterday. HDFC Bank Top Gainers - HDFC Bank Surges To Record Shares of HDFC Bank extended gains for the fifth consecutive trading session and rose as much as 0.35 per cent to hit an all-time high. The stock traded at 29 times estimated earnings per share for the coming year. Mindtree Falls-  After Board Scheduled To Meet ...

Shares of Yes Bank added 10 per cent in the early trade on Friday on the back of appointment of Ravneet Gill as new MD & CEO of the company. In the previous trading session, the share closed up 8.39 per cent at Rs 213.85. Yesterday, the bank announced the appointment of Ravneet Gill as MD and CEO w.e.f March 1, 2019. Currently, Gill is the CEO of Deutsche Bank, India. Rana Kapoor will step down as MD & CEO of the bank on the closing of January 31, 2019. Yes, Bank's net profit stood at Rs. 1,002 crores ($140.73 million) in the three-month period, according to the statement. Net profit for the corresponding period a year ago was at Rs. 1,077 crores. The bank's net profit fell short of analysts' estimates. Analysts had estimated the bank to report a profit of Rs. 1,060 crore for the quarter ended December 31, 2018, news agency Reuters ported citing data from Refinitiv. Yes, Bank shares closed 14.3 per cent higher at Rs. 225.50 apiece on the NSE, outper...