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SBI cuts lending rates by 5 bps across all tenors; Reduces retail TD rates by 10-50 bps


Country’s largest lender State Bank of India (SBI) on Friday has announced the reduction in its MCLR by 5 bps across all tenors. The one-year MCLR comes down to 7.85% p.a from 7.90% p.a. with effect from February 10, 2020. This is the ninth consecutive cut in MCLR in FY2019-20. In view of surplus liquidity in the system, SBI realigns its interest rate on Retail Term Deposits (less than Rs2cr) and Bulk Term Deposits (Rs2cr & above) w.e.f. February 10,… #[...]

Click here to Read full Details Sources @ http://highlightinvestment.com/blog/sbi-cuts-lending-rates-by-5-bps-across-all-tenors-reduces-retail-td-rates-by-10-50-bps/

ITI Ltd stock spurts 9% as co. withdraws Rs1,400cr FPO issue


Shares of ITI Ltd zoomed 9% on the BSE in the morning trade. The company on Wednesday withdrew its follow-on public offer citing “prevailing market conditions”. “Public sector electronics and telecom gear maker has withdrawn its follow-on-public offer, citing market conditions. The FPO was supposed to close today,” the company said. The company has decided to withdraw the Issue, due to the prevailing market conditions, in consultation with the Book Running Lead Managers to the Issue, being BOB Capital Markets… #[...]

Click here to Read full Details Sources @ http://highlightinvestment.com/blog/iti-ltd-stock-spurts-9-as-co-withdraws-rs1400cr-fpo-issue/

Sensex, Nifty trade higher; Auto, banking stocks gain


Equity benchmark indices opened flat amidst steady Asian stock markets, and ahead of RBI Monetary Policy meeting tomorrow. Britannia, IOC, Tata Motors and Zee among top gainers, while Infosys, Bajaj Finance and HDFC were among top losers on the Nifty50. India VIX trades at 14.28, down 0.67%. All the sectoral indices were trading in the positive zone, except IT stocks. Nifty, auto, realty and metal and Pharma indices were up. Shares of Bharti Airtel are trading marginally flat. The company… #[...]

Click here to Read full Details Sources @ http://highlightinvestment.com/blog/sensex-nifty-trade-higher-auto-banking-stocks-gain/

Nifty reclaims 11,700-mark; HUL, Asian Paints stocks surge


Equity benchmark indices have erased all early losses and have gained strong momentum in the morning trade. ICICI Bank, HUL, Asian Paints and HDFC are among the top contributors to the Sensex gain. The Sensex is trading 225 points higher at 39,961, and the Nifty is trading 81 points up at 11,742. The Nifty Pharma index gained 1% led by gains in Biocon, Aurobindo Pharma, Lupin, Divis Lab and Dr Reddy’s, which are up in the range of 2-3% respectively.… #[...]

Click here to Read full Details Sources @ http://highlightinvestment.com/blog/nifty-reclaims-11700-mark-hul-asian-paints-stocks-surge/

Markets gain in the opening trade amid positive global cues


Equity benchmark indices opened higher on Friday amid positive global cues. Investors will keep an eye on the key macro data which will be announced in the economic survey today. The Sensex gained 136 points at 41,050 and the Nifty up 18 points at 12,054. Around 888 shares have advanced, 583 shares declined, and 574 shares are unchanged. Kotak Mahindra Bank, Bajaj Auto, IndusInd Bank and ZEE are among major gainers on the NSE, while losers are ONGC, Wipro, Coal… #[...]

Click here to Read full Details Sources @ http://highlightinvestment.com/blog/markets-gain-in-the-opening-trade-amid-positive-global-cues/

Important results today: Tata Motors, Bajaj Auto, Infratel, Indian Oil


Quarterly results that are expected today include Tata Motors, Bajaj Auto, Bharti Infratel, Indian Oil Corporation, Andhra Bank, LIC Housing Finance, Bajaj Holdings, Colgate Palmolive (India) and Dabur. Dalmia Bharat Sugar and Industries, Delta Industrial Resources, Equitas Holdings, Gujarat State Fertilizers and Chemicals, JK Tyre, Jubilant Industries, Laurus Labs, Vimta Labs and Persistent Systems will release their December quarter numbers today. Stock view: Tata Motors Ltd is currently trading at Rs188.95 up by Rs0.9 or 0.48% from its previous closing… #[...]

Click here to Read full Details Sources @ http://highlightinvestment.com/blog/important-results-today-tata-motors-bajaj-auto-infratel-indian-oil/

M&M Financial Services rises 7% after reporting 16% yoy rise in cons. PAT for Q3


Shares of M&M Financial Services were trading higher by over 7% in early trade after the company released its Q3 numbers on Tuesday. The company posted a 16% yoy rise in its cons. Q3FY20 net profit at Rs475cr vs. a profit of Rs409cr in the same quarter last year. The consolidated income of the company was up 14% at Rs3,081cr in the October-December quarter of FY20 compared to Rs2,705cr in a year ago. The company provides financial services in the rural and semi-urban… #[...]

Click here to Read full Details Sources @ http://highlightinvestment.com/blog/mm-financial-services-rises-7-after-reporting-16-yoy-rise-in-cons-pat-for-q3/

Nifty Metal extends losses amid weak global sentiment


Nifty Metal extended declines further as global stocks reeled under the fears of the escalating virus outbreak in China. The ongoing public health crisis is expected to take a toll on the Chinese economy and radiate to the world economy. SAIL, Vedanta, and Jindal Steel contributed the most to the index’s losses, followed by Welspun Corp and Tata Steel. On the other hand, NMDC and APL Apollo Tubes traded higher. Meanwhile, although Indian equity indices opened higher on Tuesday, indices… #[...]

Click here to Read full Details Sources @ http://highlightinvestment.com/blog/nifty-metal-extends-losses-amid-weak-global-sentiment/

Markets open on a weak note; ICICI Bank gains on Q3 earnings


Equity benchmark indices opened lower on Monday. Dr Reddy’s, HDFC, IndiGo and Torrent Pharma are scheduled to announce their December quarter results today. All the sectoral indices were trading lower on the Nifty50 index, except realty index. The Metal index dropped 2%, followed by auto, banking, media and financial services. The Sensex is down 263 points at 41,394 and the Nifty is down 74 points at 12,174. Around 605 shares have advanced, 947 shares declined, and 581 shares are unchanged.… #[...]

Click here to Read full Details Sources @ http://highlightinvestment.com/blog/markets-open-on-a-weak-note-icici-bank-gains-on-q3-earnings/

Adani Group stocks trade under pressure; Adani Gas down 5.5%


Adani Group stocks slipped in the morning trade on the BSE, with the Adani Enterprises, Adani Gas, Adani Green and Adani Ports falling in the range of 1-5% on the BSE. Shares of Adani Gas slipped over 5.5% after the media reports said that the Petroleum and Natural Gas Regulatory Board (PNGRB) sent a notice to the company for not disclosing some crucial information. Shares of Adani Ports and Special Economic Zone Ltd fell 1% in the morning trade on… #[...]

Click here to Read full Details Sources @ http://highlightinvestment.com/blog/adani-group-stocks-trade-under-pressure-adani-gas-down-5-5/
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TIK TOK JOKER VS INDIAN MEMES
Published on Tuesday June 30 2020

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