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Market Live: Indices off day's high, Sensex up 100 pts; Sun Pharma adds 5% Jet Airway's temporary suspension leaves over 750 slots vacant at domestic airports in the country. The Slot Allocation Committee has allocated nearly 480 of Jet's slots to other airlines.   SpiceJet  has been allotted the most slots at 130 followed by  IndiGo , which received 125 slots.  Vistara  was the third biggest gainer at 110 slots, while  GoAir ,  AirAsia India  got around 40-45 slots. free trial for two days>> Intraday Free Trial | Equity | Derivatives | Commodities | Forex Markets

D-St Buzz: 300 stocks hit 52-week low on BSE; TCS, Tech Mahindra down 2% each, BHEL spikes The top Nifty gainers include Sun Pharma which jumped 3 percent followed by GAIL India, Vedanta, Adani Ports and Indiabulls Housing Finance while Tech Mahindra, TCS, Bajaj Auto, HCL Tech and Bajaj Finance are the top losers. The Indian benchmark indices continues to trade in the red with Nifty down 30 points, trading at 11,118, while the Sensex shed 92 points and is trading at 36,998. Nifty IT has extended the morning loses, down close to 2 percent dragged by Infosys, Tata Elxsi, Tech Mahindra, TCS, HCL Tech and Wipro. Selective media stocks are trading in the red led by DEN Networks, Dish TV, Hathway Cable, INOC Leisure, PVR and UFO Moviez. From the auto space, the top losers are Bajaj Auto, Bosch, Eicher Motors, Hero Moto and Apollo Tyres. free trial for two days>>> Intraday Free Trial | Equity | Derivatives | Commodities ...

National carrier Air India has defended its move to stock extra meals for the two-way trip to some foreign destinations to save on catering expenses. "Any misgiving about stale food is unfounded as food stay fresh in chillers onboard and served piping hot to ensure authentic taste all over our network," the airline tweeted. "Food uplifted at the country of origin is industry practice favoured by pax for taste, quality and reliability. We are following this practice on our flights up to Europe and not on our longer duration flights to USA." According to the airline, return catering is done by leading flight kitchens adheres to laid down standards and protocols regarding quality of food. On January 9, briefing reporters Air India CMD Pradeep Singh Kharola said that the airline has already started to stock extra meals for the entire two-way trip to destinations like Stockholm, Copenhagen, Birmingham and Madrid. Accordingly, the airline intends to save on catering ...

Key inflationary trends, combined with the ongoing quarterly result season, are expected to determine the movement of equity indices next week. The sharp deceleration in the rate of India's industrial output growth is also expected have an impact on investors' sentiments. Additionally, global cues such as concerns over the rise in crude oil prices and trade talks between the US and China, along with the direction of foreign fund flows, will affect the risk-taking appetite of investors. "Going forward, the market will closely watch guidance and management commentary of the companies coming out with their earnings," SMC Investments & Advisors CMD D.K. Aggarwal told IANS.  "Besides, third quarter results, macroeconomic data, trend in global markets, investment by foreign portfolio investors (FPIs) and domestic institutional investors (DIIs), the movement of rupee against the dollar and crude oil price movement will dictate the trend of the market going for...

Mumbai - The key Indian equity indices opened in the negative territory on Monday with the S&P BSE Sensex losing over 170 points. All the sectoral indices on the BSE traded in the red except the IT and Teck stocks. Weakness in the Asian markets dampened the domestic investor sentiments on Monday, analysts said. At 9.34 a.m., the Sensex traded at 35,838.57, lower by 171.27 points 0.48 per cent from the previous close of 36,009.84 points. It had opened 36,113.27 and so far it touched an intra-day high of 36,124.94 and a low of 35,806.28 points. The Nifty50 on the National Stock Exchange traded at 10,736.75 points, lower by 58.20 points or 0.54 per cent from the previous close. LEARN AND EARN STRATEGY >>>> GOLD SILVER TIPS

If the index manages to breach 11000 levels and sustain above that than another round of short covering is expected that may drive Nifty towards 11,200 levels in the coming weeks. After 4 days of consecutive up move, Indian markets saw profit booking from higher levels in the last two days of the last week but failed to close above 10,800 levels. Since the last 2 weeks, Nifty was consolidating in a broad range of 10,600-10,900 levels. From higher levels, long unwinding was seen in banking, cement and oil & gas sector that kept broader markets under pressure. In the second half of the session, the technology sector saw minor profit booking ahead of the quarterly result of TCS, scheduled to be announced after markets hours. Overall, technical setup for Nifty remains bullish and after this consolidation, the index is again expected to inch upwards. In the short-term, Nifty will find resistance around 10,900-11,000 range whereas at the same time, put writing at 1...

GNA Axles | Sun Pharma Advanced Research | KNR Constructions | Shree Rama Newsprint and Cadila Healthcare are stocks which are in the news today. Indiabulls Ventures, ICICI Securities, Supreme Infrastructure India, Tata Metaliks, Prakash Industries Infosys  Q3: Profit down 12.2 percent to Rs 3,609 crore versus Rs 4,110 crore; revenue up 3.1 percent at Rs 21,400 crore versus Rs 20,609 crore; $ revenue up 2.2 percent at $2,987 million versus $2,921 million and constant currency revenue growth at 2.7 percent QoQ. Company raises FY19 constant currency revenue growth guidance to 8.5-9 percent from 6-8 percent and maintains EBIT margin guidance at 22-24 percent. Infosys : The board approves a special dividend of Rs 4 per share and buyback up to Rs 8,260 crore at maximum Rs 800 per share. Cadila Healthcare : Zydus received final approvals from the USFDA for Betamethasone Dipropionate Cream and Amlodipine & Atorvastatin tablets. Jammu & Kashmir Bank ...

Net interest income increased 13 percent year-on-year to Rs 881.63 crore in quarter ended December 2018. Shares of Jammu and Kashmir Bank (J&K Bank) gained 6.6 percent intraday Monday on the back of strong numbers declared by the company for the quarter ended December 2018 (Q3FY19). The bank has reported a 43 percent year-on-year increase in December quarter profit at Rs 103.75 crore, driven by other income and operating income. Profit in same quarter last year stood at Rs 72.47 crore. Net interest income increased 13 percent year-on-year to Rs 881.63 crore in quarter ended December 2018. Asset quality weakened as gross non-performing assets were higher at 9.94 percent as of  December 2018 against 9 percent as of September 2018. Net NPA were also higher at 4.69 percent against 3.91 percent, QoQ. Other income (non-interest income) grew by 52 percent year-on-year to Rs 163.5 crore and operating profit jumped 11 percent to Rs 425 cror...

The IT major reported 12 percent quarter on quarter (QoQ) decline in December quarter net profit to Rs 3,609 from Rs 4,110 crore last quarter. Analysts remain largely mixed on Infosys’ Q3 performance, especially highlighting the pressure on margins. Upbeat about better revenue and revenue guidance, some brokerages such as CLSA have raised target price. The IT major reported 12 percent quarter on quarter (QoQ) decline in December quarter net profit to Rs 3,609 from Rs 4,110 crore last quarter. The revenue was at Rs 21,400 crore, up around 4 percent over the previous quarter's Rs 20,609 crore. The earnings before interest and taxes (EBIT) was at Rs 4,830 crore, while the EBIT margin was 22.6 percent. The company has maintained FY19 EBIT margin guidance at 22-24 percent. The dollar revenue grew 2 percent quarter-on-quarter to $2,987 million. The constant currency revenue growth was 2.7 percent. Interestingly, the company raised its FY19 constant currency guidance ...

The company reported a growth of 10 percent in its net profit for December quarter at Rs 331.3 crore against Rs 300 crore during the same period of last year. Shares of Bandhan Bank fell 2 percent in the early trade on Friday after research house Macquarie has downgraded the stock to underperform with a target at Rs 400 per share. It introduce 20 percent capital allocation discount to its target multiple, while acquisition of Gruh at expensive raises capital allocation concerns. The risk of another expensive or ill-conceived merger an overhang, it feels. The company reported a growth of 10 percent in its net profit for December quarter at Rs 331.3 crore against Rs 300 crore during the same period of last year. The net interest income grew 54 percent at Rs 1,124 crore against Rs 732 crore last year. Operating profit for the quarter under review rose 57 percent at Rs 900 crore against Rs 574 crore in the same quarter of last year. At 09:17 hrs ...

Brokerage house Citi has maintained sell rating on the stock and cut target to Rs 1,785 per share. Share price of Tata Consultancy Services (TCS) was down 1.7 percent in the early trade on Friday on the back of Q3 numbers announced by the company on January 10. The company has reported a 2.6 percent sequential growth in December quarter profit at Rs 8,105 crore, with constant currency revenue growth of 1.8 percent QoQ meeting analyst expectations on Thursday. The bottomline growth was driven by other income (up 59 percent QoQ), but limited due to weak operational performance. The company had reported a profit at Rs 7,901 crore in quarter ended September 2018. Revenue during the quarter grew by 1.3 percent quarter-on-quarter to Rs 37,338 crore in October-December quarter, the country's largest IT services exporter said in its filing. The year-on-year growth in profit was 24.1 percent, and revenue in constant currency terms increased by 12.1 percent ...

We expect modest return from the stock in the medium term and recommend accumulation only on correction. Tata Consultancy Services  (TCS) delivered in-line performance in Q3FY19. Expect modest  returns going forward as global macro concerns, supply constraints in delivery and heady valuation partially masks the strong demand environment. Key Positives Double-digit growth (12.1 percent YoY) in Constant Currency. Digital continues to impress with a share of 30.1 percent and reporting strong YoY growth of 52.7 percent. Growth is seen across geographies led by UK, Continental Europe and Asia Pacific. The key market of North America, with a share of over 51 percent, has also shown a good 8.2 percent growth YoY. Traction in key verticals with BFSI growth improving to 8.6 percent from 6.1 percent in the September quarter is aided by the North American market and insurance vertical. Life sciences, energy and utilities and ...

Larsen & Toubro (L&T) awarded a contract worth Rs 147.73 crore for supply of optical fibre cables to be executed by May 2019. Shares of Himachal Futuristic Communication (HFCL) gained 5.8 percent intraday Friday after company won orders worth Rs 502 crore. The company has received the purchase orders worth Rs 502.73 crore approximately from Larsen & Toubro and a consortium led by ITI for creating OFC Network Infrastructure under BharatNet Phase-II project in Andhra Pradesh and Maharashtra respectively. Larsen & Toubro (L&T) awarded a contract worth Rs 147.73 crore for supply of optical fibre cables to be executed by May 2019. Company bagged another order worth Rs 355 crore from Aksentt Tech Services (ITI led  consortium) which is to be executed by October 2019. At 09:28 hrs Himachal Futuristic Communication was quoting at Rs 24.10, up Rs 0.95, or 4.10 percent on the BSE. GET ONE DAY FREE TRIAL>>> GOLD SILVER TI...

SINGAPORE (Reuters) - Oil slipped on Friday amid concerns over the outlook for the global economy, but output cuts agreed by major exporters underpinned crude prices and kept markets on track for a strong weekly climb. International Brent crude futures ( LCOc1 ) were at $61.55 per barrel at 0333 GMT, down 13 cents, or 0.2 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures ( CLc1 ) dropped 7 cents, or 0.1 percent, to $52.52 per barrel. Traders said the declines came on lingering concerns over the health of the global economy. "If we experience an economic slowdown, crude will underperform due to its correlation to growth," said Hue Frame, portfolio manager at Frame Funds in Sydney. Most analysts have downgraded their global economic growth forecasts below 3 percent for 2019, with some even fearing a looming recession amid trade disputes and spiraling debt. For now, however, there is hope that the trade war between Washington and ...

US West Texas Intermediate (WTI) crude futures had slipped 23 cents, or 0.4 percent, from their last settlement to $52.36 per barrel by 0016 GMT. US oil prices edged down on Friday as concerns over economic growth were rekindled after talks fell short of offering concrete steps to end the Sino-US trade conflict, although OPEC-led production cuts bolstered sentiment in crude markets. Oil prices were also supported by comments from US Federal Reserve Chairman Jerome Powell on Thursday that the central bank had the ability to be patient on monetary policy. US West Texas Intermediate (WTI) crude futures had slipped 23 cents, or 0.4 percent, from their last settlement to $52.36 per barrel by 0016 GMT. However, US crude was on track for a second consecutive week of gains and its largest weekly percentage increase in more than two years. WTI has climbed about 9 percent so far this week, its biggest weekly rise since December, 2016. International Brent crude futures had ...