Bharti Airtel spikes over 5 percent post investment by Singtel

Bharti Airtel on Monday announced that SINGTEL (Singapore Telecom Limited) would invest Rs 2,649 crore in Bharti Telecom, the promoter company of Airtel, via preferential allotment of shares.  With this investment, Singtel's total stake together with its affiliates, in Bharti Telecom would increase to 48.90%.

Singtel presently holds 47.17% stake in Bharti Telecom. Bharti Enterprises continues to hold over 50% stakes in Bharti Telecom.

The move is seen to aid Bharti Airtel Limited in its combat for market share with Reliance Jio.

Shares of Bharti Aitel Limited was trading at Rs. 444.15 per share, up Rs. 21.80 or 5.16% on NSE at 12.20 PM, Monday. Whereas BSE Sensex was at 34,789.95, down 276.80 points or 0.79% and Nifty was at 10,675.15, down 85.45 points or 0.79%

HCL Technologies Q3 Net profit marginally up at Rs 2,075 cr.

India’s fourth largest software major,  HCL Technologies Limited, has posted a Marginal increase of 0.59% in its consolidated net profit at Rs 2075 cr for the Q3 (quarter ended Dec 2017) with regard to the net profit of Rs 2,063 crore for the corresponding  quarter a year-ago.

Total Income for the quarter under review jumped by 8.40% to Rs 13,079 cr, during the quarter from Rs 12065 cr, in the year-ago period, HCL said in a filing with BSE.

The company has declared an interim dividend of Rs 2.00 per share for the FY 2017-18. The record date of Jan 30, 2018 fixed for the payment of the interim dividend and the payment date of interim dividend will be Feb 5.

Shares of HCL Technologies Limited were trading marginally up by 0.07 percent at Rs. 954.90 on NSE post lunch hours, while in BSE too the same was trading up at Rs. 956.75 up by 0.20 percent.

Infosys share price hits over 1-year high; on joining HPE-Cloud28+community's vast network

Shares of IT major Infosys Limited rose 2.23% to Rs 1,044.80 on Friday, its highest since October 20, 2016. The stock broke above a resistance at Rs 1,020, the 38.2% Fibonacci retracement level of the downtrend from June 3, 2016, high of Rs 1,279.3 to August 22, 2017 low of Rs 860.

Infosys has joined Hewlett Packard Enterprise (HPE)-driven Cloud28 plus community & digital platform. By leveraging the Cloud28+community's vast network of service providers, Skava (the wholly-owned subsidiary of Infosys) aims to expand its market presence in countries where business and regulatory considerations call for private & hybrid cloud deployments working with local partners.

Some analysts have turned bullish on the stock in the last one month, with ‘strong buy’ recommendations rising by two to 11 and ‘buy’ ratings by one to 11. The stock has 17 ‘hold’ recommendations, seven ‘sell’ and one ‘strong sell’.

Infosys is a global leader in technology services and consulting. The company enables clients in 45 countries to create and execute strategies for their digital transformation.

Shares of HDFC closed 0.5% lower, prior to the announcement, in comparison to the benchmark BSE Sensex that closed 0.7% higher.

Housing Development Finance Corporation Limited (HDFC) said on Tuesday that company will raise Rs 13,000 cr to infuse capital into its banking arm HDFC Bank Ltd., by selling shares mainly to subscribe to a preferential issue.  Upto Rs. 8500 cr of the funds raised will be utilized to subscribe to the preferential allotment. The mortgage lender is also considering the acquisition and resolution of stressed assets in the country’s real estate sector.

Shares of HDFC closed 0.5% lower, prior to the announcement, in comparison to the benchmark BSE Sensex that closed 0.7% higher.

Sensex falls 100 points, Nifty below 10,300 ahead of WPI data

Benchmark indices were trading lower on Tuesday ahead of key inflation data. The BSE Sensex is trading lower by 125 points at 33,330.76, while the NSE Nifty50 falls 49.15 points to 10,273.10 in the later morning hours. The government will announce Consumer Price Index (CPI) and Index of Industrial Production (IIP) data later in the day.

Shares of Dr Reddy’s rose 5% to Rs. 2,287.85 after the company said the US FDA issued an Establishment Inspection Report for the company’s plant-3 in Hyderabad.

Tata Motors Limited has said that the company will be increasing prices of its whole passenger vehicles ranging by upto Rs.25,000, starting Jan 2018, as per the BSE filing.

L&T InfoTech Limited completes acquisition of 100% stake in banking solution provider Syncordis-SA.

Asian stocks edged up, extending their recent gains after US stocks hit fresh records Friday. Major indices are up gradually with Nikkei 225 hitting a 26-year high.

Rupee: The Indian rupee was trading at 64.44 per dollar, down 0.11 percent from its last close of 64.37. It opened at 64.46 per dollar on Tuesday.

Gold: COMEX Gold is currently quoting at USD 1251.60, up marginally on the day. MCX Gold futures are being traded at Rs 28,470 per 10 grams, down 0.22 percent on the day.

Share and Stock Market tips- Weekly stock Watch

The BSE Sensex rebound 417.36 pts for the week to reclaim 33-K level to finish at 33,250.30, while the NSE Nifty ended above the key 10,250 level to conclude at 10,265.65 on the week ended Friday, 8 December 2017.

 The week started with a caution due to 2-day RBI monetary policy meet together with the first phase of Assembly elections in Gujarat. Further, RBIs status-quo in policy rate and inflationary concerns affected the sentiments of investors. Bulls continued buying by domestic funds and retail investors ahead of first phase of Assembly elections in Gujarat, which is PM Modi’s home state.

The Sensex kicked off the week higher at 33,968 levels and hovered between 33,285 and 32,565 marks before ending the week at 33,250.30, showing a gain of 417.36, or 1.27%. The Nifty also carried on the week higher at 10,175.05 and traded at 10,270.85 & 10,033.35 ranges to finish at 10,265.65, showing a rally of 143.85 points, or 1.42%.

Buying momentum picked up in sectors such as Consumer Durables, FMCG, O&G, Teck, Auto, Realty, IT, HealthCare, PSUs, Metal, Banks, Capital Goods and Power. Consumer durable sectors jumped by 2.72%, FMCG 2.70%, O&G 2.68%, teck 2.61%, IT 2.05%, auto 1.48%, realty 1.36%, healthcare 1.21%, metal 0.76%, capital goods 0.74%, and power 0.26%.

Bharti Airtel jumped 8.02%, followed by HUL 5.21%, Maruti 5.03%, Infosys 4.49%, Tata Motors 2.98%, ITC 2.51%, Tata Steel 2.37%, Tata Motors DVR 2.14 %, ICICI Bank 1.74% and Axis Bank 1.66%. However, Coal India fell by 2.75%, followed by Hero MotoCorp 2.60%, Wipro 2.14%, Dr Reddy 2.03 %, M&M 1.44 % and TCS 1.12%.

Sensex snaps Four-day drop on value buying

The key benchmark indices Sensex, Nifty settled with small gains on first trading session of the week after seeing volatility in intraday trade. The Sensex rose 36.78 points to end at 32,869.72 on value-buying in IT, teck, metal and healthcare stocks. The Nifty of National Stock Exchange inched up 5.95 points, or 0.06%, to 10,127.75 points

A highly volatile trading was seen all through the session ahead of RBI's monetary policy review and Gujarat elections later this week. The RBI is scheduled to announce the fifth bi-monthly policy of the current fiscal on Dec 6.

After a strong pick up at 32,968.02, the benchmark index Sensex reclaimed the 33,000-level to hit a high of 33,008.62 points, but profit- booking at high levels capped the gains and it finally settled at 32,869.72, up 36.78 points, or 0.11%.

The gauge had tanked 891.50 points in the proceeding four sessions as upbeat Q2 GDP numbers failed to dispel concerns over a widening fiscal deficit.

Mahindra Finance gets nod to raise Rs 1,055 crore

Stocks of Mahindra & Mahindra will be in focus, on Friday

Mahindra & Mahindra Financial Services Limited, one of the  leading non-banking finance companies, announced that the company has approved to issue 2,50,00,000 Equity Shares of face value of Rs. 2.00 each at a price of Rs. 422.00 each aggregating to Rs 1,055 crore to Mahindra & Mahindra (M&M), the holding company (the Promoter).

Following this allotment, the paid-up share capital of Mahindra & Mahindra Financial Services Limited stands increased from 56,87,64,960 equity shares to 59,37,64,960 and the percentage shareholding of Mahindra & Mahindra stands increased from 51 percent.

BSE to auction investment limits for Rs 8,300-cr corp bonds

Leading bourse Bombay Stock Exchange (BSE) has said it will auction investment limits on Friday, to enable foreign investors to purchase corporate bonds worth over Rs 8,300 cr. The auction will be carried out on the BSE’s e-bidXchange platform from 3.30 pm to 5.30 pm, after the close of market hours.

The debt auction quota gives overseas investors the right to invest in the debt up to the limit purchased. A mock bidding session will be carried out on Thursday after the end hours of market to check the performance of the system.

Earlier, in this month, the corporate debt had attracted bids for Rs 12,005 cr from FPIs in an auction of investment limits for such securities, much higher than Rs 9,018 cr that was on offer.

Khadim India Ltd lists on bourses tomorrow

Footwear retailer Khadim India will list on Exchange on Tuesday, 13 November 2017, following the conclusion of its Rs. 543 cr OPO offer last week.

Khadim India’s IPO was subscribed 1.90 times during 2 Nov to 6th. The price band for the IPO was fixed at Rs. 745-750 per share. The offer comprised fresh issue of equity shares aggregating up to Rs. 50 crore, besides an OFS of up to 65,74,093 shares by existing shareholders.

The net proceeds from the issue are to be used towards payment of loans and general corporate needs. Axis Capital & IDFC Bank were the lead managers to the issue.

Just Dial Surge 20% on Report of Takeover Talks With Google

The stock of Just Dial registered a surge of 20% during the early hours of trade on Friday. Shares jumped to Rs.549.85, 19.79% higher than the last session's closing of Rs.459 on BSE. Increased investor interest in the stock comes on the back of news report that Google is in talks with Just Dial for an acquisition deal.

The scrip pared some of the gains at 11.30 am, the scrip traded at Rs. 532.20, 15.95% higher than the previous session's closing on BSE. The stock is, still far lower than its 52-week of Rs. 619 that it attained on March 17 this year.

The company had posted net profit after tax of Rs. 37.46 cr in the Q2FY18.  In the first quarter, the company posted Rs. 38.16 cr profit after tax. Revenue for the last two quarters figured at Rs.194 cr and Rs.190 cr by Sept and April quarter, respectively. 

Rupee hits over 2-week high Versus US dollar

The Indian rupee today hit over two-week high against the dollar, tracking gains in Asian currencies markets. In the afternoon hours today, the rupee was trading at 64.74 against the USD, up 0.17% from its yesterday’s close of 64.85. The rupee opened at 64.83 per dollar and touched a high of 64.72 levels.

So far this year, the rupee has gained 4.5 percent, while FPIs have bought 5.80 billion dollar in equity market and 22.48 billion dollar in debt market each. The dollar index was trading at 94.519, down 0.04 percent from its previous close of 94.56.

Infosys, the top loser on the Nifty index; stock trades ex-dividend

I.T major Infosys Ltd was the top loser on the Nifty index as the company started trading ex-dividend on Tuesday. Infosys stock fell 2.4% to Rs. 921.3 posting it the biggest intraday percentage loss since Sept 4. The stock was down about 7% this year up to the close of yesterday 30 October 30.

Infosys Ltd had decided, 1^st Nov 2017 as the record date for determining the names and rights of the equity shareholders, enabling them to participate in the buyback. The buyback was announced on 19 August 2017. It involved buying back of 11.3 cr shares through a tender offer at a price of Rs.1150 per share resulting in a total offer size of Rs.13000 cr.

Modi govt’s mega plan: Banking Stocks Rally

Banking, particularly PSU bank stocks buzzed after Modi govt’s mega plan of Rs 2.11 lakh crore to recapitalization was announced. Effectively, heavy volumes were detected in banking stocks. Notably, the trading volume was enormous in the banking stocks that Nifty Bank index with several banking stocks surpassed the turnover of the 50-share Nifty index.

The stocks the PSU bank index of NSE traded in green today with SBI and PNB jumping up to 40%.  Nearly Rs 16405 crore worth of shares exchanged hands on the Nifty Bank index. SBI spurted 24.56% to hit the 52-week high of Rs 316.95, which itself solely contributing Rs 5,700 crore to the trading turnover.

PNB was the biggest gainers among the banking stocks, which rose 40% to hit the 52-week high of Rs 193.45. Bank of Baroda rose 28%, Union Bank of India soar 29%, Canara Bank  up 34%, Bank of India jump 30%, OBC up 25%, among the rally of  many PSUs.

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