NBFC Worries; Key Q2FY19 Results and Top Stocks in Action Today

Mon, 22 Oct Pre-Open

   Previous Close   

   09:30 am   

   12:30 pm   

   Closing   

On Friday, Indian share markets ended over 1% lower, dragged by fall in blue-chip companies such as Reliance Industries, Infosys and YES Bank amid muted global cues. The BSE Sensex ended 464 points down at 34,316 while Nifty 50 index settled at 10,304, down 150 points.

Stock markets all around were a bit lackluster as data showing China's economy growing at its slowest pace since 2009 weighed on shares in Asia, although Chinese shares staged a recovery after the securities regulator announced a series of measures to aid the market.

Top Stocks in Focus

Cadila Healthcare share price will be in focus today as Zydus Cadila received tentative approval from the US Food and Drug Administration (USFDA) to market Colchicine Tablets USP (US RLD - ColcyrsTM), 0.6 mg. It will be manufactured at the group's formulations manufacturing facility at SEZ, Ahmedabad.

Meanwhile, USFDA has issued four minor observations to JB Chemicals & Pharmaceuticals' solid oral manufacturing facility at Panoli, Gujarat. The company proposes to address these observations within next 15 days.

NTPC is planning to raise funds worth US$150 million in foreign currency term loan to finance its capital expenditure.

Ultratech Cement reported a fall of 9.4% in its net profit of Rs 3.9 billion for the quarter under review as compared to Rs 4.3 billion for the same quarter in the previous year.

YES Bank will be in focus after the Reserve Bank of India (RBI) on Wednesday once again rejected the lender's request for extending the term of MD & CEO Rana Kapoor, and reaffirmed the February deadline for finding his successor.

To know more, check out our share market updates here.

NBFC Shares amid Liquidity Worries

Shares of non-banking financial companies (NBFCs), including housing finance companies (HFCs) and select private banks, were trading under pressure for the second straight day on Friday.

Among stocks, Dewan Housing Finance Corporation (DHFL), Indiabulls Housing Finance and PNB Housing Finance slipped over 10% on Friday on concerns of overall credit growth due to the liquidity crisis.

Global Stock Market Drivers

On Friday, European stocks struggled as investors weighed the outlook for corporate profits.

Asian stocks rounded out the week in mixed fashion as some markets recovered in afternoon trading, while others remained in the red. China's equities rose after verbal intervention by the nation's top financial regulators, who assured they'll keep financial risks under control.

Meantime, earnings misses from several US industrial firms and a Bank of America downgrade of the housing sector added to worries that higher interest rates and the trade war are hitting profits. Also hurting the appetite for risk was Italy's debt crisis. The spread between Italian and German bond yields hit the highest level since 2013 as European Union officials questioned the country's budget plan.

Oil Prices Edge Up

Oil prices nudged higher on Friday on signs of surging demand in China, the world's second-biggest oil user, though prices are set to fall for a second week amid concerns of the ongoing Sino-US trade war is limiting overall economic activity.

Brent crude oil futures were trading at US$79.51 per barrel, up 22 cents, or 0.3%, from their last close.

US West Texas Intermediate (WTI) crude futures were up 19 cents, or 0.3%, at US$68.84 a barrel.

IPO Buzz

Shriram Properties Ltd plans to file its draft prospectus with markets regulator by December for its proposed initial public offering (IPO).

Reportedly, private equity firms TPG Capital, Starwood Capital, Walton Street Capital and Tata Capital, which hold a combined 58% stake in Shriram Properties, will partly monetize their shares in the company through the proposed IPO.

This year, real estate companies Lodha Group and Puranik Builders Ltd have filed documents to launch IPOs.

Speaking of IPOs, a merit-based selection primarily including valuation, business, and management quality is the logical way to go about investing in IPOs. If it means going against the herd, so be it. And going by recent past, this strategy has been proven to be successful more often than not.

To know more, download this FREE report now and discover How to Get Rich with IPOs. This guide will show you how to safely profit from the IPO rush.

Results Corner

Alembic Pharma, Asian Paints, Inox Leisure, Welspun India, Hatsun Agro, Kansai Nerolac are among few companies that will report its Q2FY19 results today.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary

Top Gainers TodayTop Gainers over 1-WeekTop Gainers over 1-MonthTop Gainers over 1-YearTop Gainers over 3-YrsTop Gainers over 5-YrsTop Losers TodayTop Losers over 1-WeekTop Losers over 1-MonthTop Losers over 1-YearTop Losers over 3-YrsTop Losers over 5-YrsOnly BuyersOnly SellersMost Active StocksMost Popular Stocks52 Week High Stocks52 Week Low Stocks

INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

10 results 25 results 50 results 100 results All results

Indian Share Market Update: Top Gainers and Losers