Snapping three-day losing streak, buying sentiment was back at D-Street with benchmark indices edging a per cent higher on Friday lifted by gains in financial counters.
The S&P BSE Sensex gained 411.38 points, or 1 per cent, to close at 41,575.14 level, with Axis Bank (up 3 per cent), Power Grid (2.2 per cent), SBI (2 per cent), and Bharti Airtel (1.89 per cent) settling as the top gainers on the index. On the flipside, UltraTech Cement (0.22 per cent), and Titan (0.17 per cent) were the top drags.
On the NSE, the Nifty50 ended 124.15 points, or 1.02 per cent highet at 12,250.70-mark.
The Sensex and Nifty50 hit an intra-day high/low of 41,611.27/41,264.92 and 12,258.45/12,157.90, respectively.
On the sectoral front, all the key indices on the NSE settled the day in the positive territory. Nifty PSU Bank index was the best performing index, up 3 per cent, at close, followed by gains in Nifty Realty index (1.6 per cent), and Nifty Bank index (1.3 per cent).
The broader markets, too, followed headlines indices with the S&P BSE mid and small-cap indices gaining 0.86 per cent each.
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Hello Traders,
The list of trading holidays for the calendar year 2020 has been announced by BSE. Here’s a one-page list of all trading holidays.
| Sr.No. |
Holidays |
Date |
Day |
| 1 |
Mahashivratri |
February 21,2020 |
Friday |
| 2 |
Holi |
March 10,2020 |
Tuesday |
| 3 |
Ram Navami |
April 02,2020 |
Thursday |
| 4 |
Mahavir Jayanti |
April 06,2020 |
Monday |
| 5 |
Good Friday |
April 10,2020 |
Friday |
| 6 |
Dr.Baba Saheb Ambedkar Jayanti |
April 14,2020 |
Tuesday |
| 7 |
Maharashtra Day |
May 01,2020 |
Friday |
| 8 |
Id-Ul-Fitr (Ramzan Id) |
May 25,2020 |
Monday |
| 9 |
Mahatma Gandhi Jayanti |
October 02,2020 |
Friday |
| 10 |
Diwali Balipratipada |
November 16,2020 |
Monday |
| 11 |
Gurunanak Jayanti |
November 30,2020 |
Monday |
| 12 |
Christmas |
December 25,2020 |
Friday |
Following Holidays are Falling on Saturday / Sunday
| Sr.No. |
Holidays |
Date |
Day |
| 1 |
Republic Day |
January 26,2020 |
Sunday |
| 2 |
Bakri Id |
August 01,2020 |
Saturday |
| 3 |
Independence Day |
August 15,2020 |
Saturday |
| 4 |
Ganesh Chaturthi |
August 22,2020 |
Saturday |
| 5 |
Muharram |
August 30,2020 |
Sunday |
| 6 |
Dussehra |
October 25,2020 |
Sunday |
| 7 |
Diwali * Laxmi Pujan |
November 14,2020 |
Saturday |
* Muhurat Trading shall be held on Saturday November 14,2020 (Diwali – Laxmi Pujan). Timings of Muhurat Trading shall be notified subsequently.
The Exchange may alter / change any of the above holidays, for which a separate circular shall be issued in advance.
Source: BSE Notice Number 20191211-2
Source: https://stockarchitect.com/sector/Commercial-Vehicles
Despite a range-bound trade, domestic markets hit fresh lifetime highs for the third consecutive day on Friday. Investment sentiment remained in check in the absence of any key global and domestic cues.
The benchmark S&P BSE Sensex closed at 41,681.54-level, up 7.62 points or 0.018 per cent. Tata Steel, YES Bank, SBI, and Hero MotoCorp were the top gainers at the 30-share index, while Vedanta, Tata Motors, ITC, and M&M were the top drags for the day. On the NSE, the broader Nifty50 settled little changed at 12,271.8-mark, up 12.1 points or 0.09 per cent. Markets ended at record closing highs for the fourth straight session.
The benchmark Sensex and Nifty hit fresh highs of 41,809.96 and 12,293.90, respectively.
On the sectoral front, public sector banks gained the most on Friday fter the Reserve Bank of India (RBI) decided to buy and sell bonds worth Rs 10,000 crore via open market operations. At close, the Nifty PSU bank index was the top performer on the NSE, up over 2 per cent. On the downside, Nifty Auto index slipped 0.45 per cent.
For the week, the benchmark S&P BSE Sensex gained 1.6 per cent, while the Nifty50 added 1.5 per cent registering their biggest weekly gains in nearly two months. Besides, Nifty Bank index advanced 1 per cent this week.
In the broader markets, the S&P BSE mid-cap index ended 0.15 per cent higher at 14,835.97 level, while the S&P BSE small-cap index ended unchanged at 13,391.03 level, down 0.03 per cent.
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Source: https://stockarchitect.com/sector/Consumer-Electronics
IPO Snapshot:
Prince Pipes is entering the primary market on Wednesday 18th December 2019, to raise Rs. 500 crore, via an IPO of equity shares of Rs. 10 each, comprising fresh issue of up to Rs. 250 crore and an offer for sale (OFS) of up to Rs. 250 crore by promoters, in the price band of Rs. 175-178 per share. Issue, split 50:15:35 among institutional, HNI and retail investors respectively, represents 26% of the post-issue share capital and will close on Friday 20th December, with listing likely on 31st December.
Company Background:
Prince Pipes is a 30 year old, family run business, making polymer pipes and fittings at 6 plants (in Silvasa, Haridwar, Kolhapur, Chennai, Rajasthan) with total installed capacity of 2.4 lakh tonne per annum (TPA) while production capacity is assessed at 1.9 TPA. While Rajasthan plant is new (started in Q2FY20), its installed capacity is being expanded from current 6,221 TPA to 17,021 TPA by Dec 2019 and to 20,909 TPA by FY20-end. Company also plans a 51,943 TPA greenfield facility at Telangana, likely to be operational by Dec 2020, implying 28% capacity hike in the next 18 months. About less than 10% of production is also outsourced to 5 contract manufacturers (in Aurangabad, Guntur, Odisha and Bihar) as logistics cost are vital, given the bulky nature of products. Company markets its products pan-India under brands Prince and Trubore, via 1,027 distributors. Going forward, it plans to focus on plumbing and drainage segments and less on irrigation, given latter’s lower margins.
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Source: https://stockarchitect.com/sector/Cigarettes==Tobacco-Products
Indian equity markets edged higher for the third straight session as positive global cues fueled investors’ risk appetite. While metal stocks charged ahead during Friday’s trading session after US President Donald Trump said Washington and Beijing are very close to signing a “big” trade deal, auto stocks gained as Conservative leader Boris Johnson won election in the United Kingdom, paving way for Brexit-divorce deal by Janurary 31, 2020.
Besides, public sector banks (PSBs) rallied today after reports suggested that the government is considering increasing the government bond investment limit of foreign portfolio investors (FPIs) to at least 10 per cent of the outstanding, from 6 per cent now, with an aim to incorporate local bonds into global bond indices.
At close, the benchmark S&P BSE Sensex settled 428 points, or 1.05 per cent higher, at 41,009.71 level. Vedanta, Axis Bank, State Bank of India, ans Maurti Suzuki ended as the top gainers among the Sensex pack. On the contrary, Bharti Airtel, Bajaj Auto, and Asian Paints settled as top laggards.
On the NSE, the Nifty50 closed near 12,100-mark, up 114 points, or 0.95 per cent, at 12,085.70 level.
For the week, Sensex added 1.5 per cent, Nifty50 advanced 1.4 per cent, and Nifty Bank index gained 2.2 per cent.
Sectorally, all the indices ended the day with gains. Nifty PSU Bank index gained the most, up nearly 4 per cent, followed by Nifty Metal index (up 2 per cent).
In the broader market, both, the S&P BSE mid-cap and small-cap indices closed 0.89 per cent higher at 14,824.80 and 13,334.45, respectively.
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Source: https://stockarchitect.com/sector/Utilities:Non==Elec010
