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Sensex Trades Flat; Bharti Airtel & Yes Bank Top Gainers
Fri, 14 Dec 12:30 pm | Monish Vora, TM Team

Share markets in India are presently trading on a flat note. Sectoral indices are trading mixed with stocks in the oil & gas sector and realty sector witnessing maximum buying interest while healthcare stocks and capital goods stocks are witnessing selling pressure.

The BSE Sensex is trading up by 35 points (up 0.1%), while the NSE Nifty is trading up by 5 points (up 0.1%). The BSE Mid Cap index is trading up by 0.4% and the BSE Small Cap index is trading up by 0.1%.

The rupee is trading at Rs 71.75 against the US$.

The central board meeting of the Reserve Bank is underway to discuss contentious issues including a new economic capital framework (ECF) for the central bank and relaxation in the prompt corrective action norms for at least some of 12 state-run banks.

This is the first board meet chaired by the newly-appointed Shaktikanta Das, who took over as the 25th governor on Wednesday.

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In the news from the telecom sector, Bharti Airtel and Vodafone Idea are in focus today after Telecom Disputes Settlement and Appellate Tribunal (TDSAT) rejected Telecom Regulatory Authority of India's (TRAI) predatory pricing rule.

Telecom Disputes Settlement and Appellate Tribunal (TDSAT) on Thursday set aside sector regulator TRAI's rule on predatory pricing for lack of transparency in the guidelines over determining market share and rates of services.

The shares of both scripts gained up to 10% on the back of the above news.

The move came as a major relief to Bharti Airtel and Vodafone Idea which had in March challenged the amendment made by TRAI in the Telecommunication Tariff order.

In another news, Reliance communication is also in focus today after Supreme Court directed Department of Telecommunications (DoT) to issue NOC to allow company the spectrum sale within 2 days.

Earlier, Supreme Court allowed spectrum sale from Reliance Communications to Jio and directed company to furnish corporate guarantee of Rs 14 billion to DoT.

Reliance communication share price is presently trading up by 3.5%

Moving on to the news form the automobiles sector, Motherson Sumi is witnessing buying interest today as media reports suggested that the company is in talks to acquire or merge with Germany-based Leoni, the largest maker of special automotive cables globally.

Motherson Sumi, which is a joint venture (JV) between India's Samvardhana Motherson Group and Japan's Sumitomo Wiring Systems, acquired several companies in recent years, adding to its range of automotive interior products including rearview mirrors, wiring harnesses and rubber and plastic components.

The company has been scouting for a sizeable acquisition target in Europe with the help of an investment bank. Any deal with Leoni could be worth more than 1 billion euros.

The auto company most recently acquired Reydel Automotive, which manufactures door panels and cockpit modules, for about Rs $200 million to help meet its target of not having any component, customer or country contribute more than 15% to its business by 2020.

At the time of writing, Motherson Sumi share price was trading up by 4%.

To know more about the company you can read Motherson Sumi Q2FY19 result analysis and Motherson Sumi Annual Report analysis on our website.

Speaking of auto companies, 2018 hasn't been good for stalwart auto and auto ancillary companies. No wonder the BSE Auto index is down 23% this year.

Have a look at the chart below that shows how India's big auto companies have fared this year.

Are Auto Companies Running Out of Gas?

Here's what Sarvajeet wrote about the auto stocks in one of the editions of The 5 Minute WrapUp...

The biggest losers are Tata Motors (down 57%) and Motherson Sumi (down 34%).

Others like Maruti Suzuki, Hero Motocorp, Bajaj Auto have fallen between more than 20%.

So, is this a good time to buy select auto stocks?

Kunal and I at Smart Money Secrets certainly think so.

Richa Agarwal, editor of Hidden Treasure, agrees with us.

With the recent correction in the entire auto space, she initiated a coverage on engine manufacturer this month. This company enjoys the benefits of a strong brand and a supportive parent.

Also, one of Richa's earlier 'buy at lower level' recommendations has now become a 'Buy' recommendation.

As per her forecast, there is an upside potential of more than 50%.

She sent a special update in this regard. Hidden Treasure subscribers can access it here.

If you haven't signed up for Hidden Treasure, you can do so here.

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

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Stock Market Updates

SUVEN LIFESCIENCES Surges by 5%; BSE HEALTHCARE Index Up 0.6% (Today's Market)

Aug 19, 2019 03:28 PM

SUVEN LIFESCIENCES share price has surged by 5% and its current market price is Rs 248. The BSE HEALTHCARE is up by 0.6%. The top gainers in the BSE HEALTHCARE Index are SUVEN LIFESCIENCES (up 5.5%) and THYROCARE TECHNOLOGIES (up 5.7%). The top losers are CIPLA (down 0.1%) and GSK PHARMA (down 0.3%).

ADANI TRANSMISSION Surges by 5%; BSE POWER Index Up 0.2% (Today's Market)

Aug 19, 2019 03:26 PM

ADANI TRANSMISSION share price has surged by 5% and its current market price is Rs 221. The BSE POWER is up by 0.2%. The top gainers in the BSE POWER Index is ADANI TRANSMISSION (up 5.1%). The top losers are SUZLON ENERGY (down 0.5%) and TORRENT POWER LTD (down 1.0%).

BIOCON Plunges by 5%; BSE HEALTHCARE Index Up 0.5% (Today's Market)

Aug 19, 2019 03:06 PM

BIOCON share price has plunged by 5% and its current market price is Rs 232. The BSE HEALTHCARE is up by 0.5%. The top gainers in the BSE HEALTHCARE Index are THYROCARE TECHNOLOGIES (up 5.7%) and SUN PHARMA ADV. RES. (up 3.6%). The top losers is BIOCON (down 5.0%).

INOX WIND Plunges by 6%; BSE CAPITAL GOODS Index Up 1.5% (Today's Market)

Aug 19, 2019 02:24 PM

INOX WIND share price has plunged by 6% and its current market price is Rs 44. The BSE CAPITAL GOODS is up by 1.5%. The top gainers in the BSE CAPITAL GOODS Index are V GUARD INDUSTRIES (up 2.7%) and HAVELLS IND (up 2.7%). The top losers is INOX WIND (down 6.1%).

IDBI BANK Surges by 11%; BSE BANKEX Index Up 0.7% (Today's Market)

Aug 19, 2019 02:14 PM

IDBI BANK share price has surged by 11% and its current market price is Rs 28. The BSE BANKEX is up by 0.7%. The top gainers in the BSE BANKEX Index is IDBI BANK (up 11.3%). The top losers are SBI (down 0.8%) and YES BANK (down 3.0%).

Sensex Rises 300 Points; Capital Goods & Healthcare Stocks Lead (Today's Market)

Aug 19, 2019 12:30 pm

The BSE Sensex is trading up by 306 points, while the NSE Nifty is trading up by 82 points.

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