Sensex Continues Trading Higher; Tata Steel & ICICI Bank Top Gainers

Wed, 6 Feb 12:30 pm

   Previous Close   

   Pre-Open   

   09:30 am   

   12:30 pm   

   Closing   

Stock markets in India are presently trading on a higher note. The BSE Sensex is trading higher by 248 points and the NSE Nifty is trading higher by 80 points. Meanwhile, the BSE Mid Cap index is trading down by 0.5% while the BSE Small Cap index is trading down by 0.4%.

Among the sectoral indices, IT stocks and oil & gas stocks are witnessing buying interest. While, consumer durables stocks and telecom stocks are trading in red.

The rupee is trading at 71.57 to the US$.

Pharma stocks are trading on a mixed note with IPCA Labs & Divi's Laboratories leading the gains. As per an article in a leading financial daily, Dr Reddy's Laboratories announced its wholly-owned subsidiary in USA is continuing its voluntary nation-wide recall of lot ABD807 of Levetiracetram in 0.54% Sodium Chloride injection to the hospital level in the North American country.

According to a letter written to the US Food and Drug Administration on Februray 4, the drug maker said the recall, which began in October 2018, was originally initiated due to a product complaint received for mislabelling.

Levetiracetam injection is an anti-epileptic drug indicated for adjunct therapy in adults on certain types of seizures.

Dr Reddy's Laboratories Inc has notified the distributors to arrange for return of any recalled product.

To know more about the company, you can access to Dr. Reddy's Q2FY19 result analysis and Dr. Reddy's Stock Analysis on our website.

At the time of writing, Dr. Reddy's share price was trading down by 2%.

Here's an interesting data on Dr. Reddy's Lab, investing just Rs 100,000 in Dr. Reddy's Labs in 1992, it would have given a whopping Rs 4.89 crores in 2014!

Profit Opportunities in the Rebirth of India

Co-head of Research, Tanushree Banerjee believes, the opportunities in the Rebirth of India are not only more profitable than the ones in 1991 but the gains could come faster too.

Tanushree has explained this historic opportunity in detail at the Rebirth of India summit.

Moving on to the news from economy. India Ratings and Research (Ind-Ra) in its latest report has warned that around Rs 3.5 trillion or 3.9% of the stressed corporate loans continue to remain unrecognised on the books of banks, while around Rs 1.5-2 trillion or 40% of them may slip into NPAs by September 2020.

It indicated that as of September 2018, these accounts constitute the total stressed corporate exposure (interest coverage ratio of 1.5x) of 19.3% or Rs 13.5-14 trillion.

According to the report, banks have recognised only Rs 10 trillion out of the Rs 13.5-14 trillion stressed corporate loans as of September 2018.

It also stated that banks may require an additional of Rs 400 billion in provisions for these Rs 1.5-2 trillion loans, which may become dud assets. It expects state-run banks would require incremental capital of about Rs 660 billion from the fourth quarter of FY19 through FY20, which is needed for a credit expansion of 10-11% in FY19 and FY20 each.

However, it pointed out that this capital infusion is not adequate to cover the impact of Ind-AS which could be substantial.

Besides, the agency has maintained a stable outlook on large private sector banks and just two of the 19-- State Bank of India and Bank of Baroda - and has retained a negative outlook for the remaining state-run banks till FY20.

It said in FY20, all banks on which we have a stable outlook might see moderate write-backs of provisions on corporate assets, depending on the pace of resolutions.

To know what's moving the Indian stock markets today, check out the most recent share market updates 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

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