20TH NOV 2017
Husains
MARKET WRAP Equity benchmarks rallied sharply after Moody's upgraded India's sovereign rating, but ended off day's highs due to correction in technology stocks.
The 30-share BSE Sensex was up 235.98 points or 0.71 percent at 33,342.80 and the 50-share NSE Nifty gained 68.80 points or 0.67 percent at 10,283.60.
About 1,590 shares advanced against 1,149 declining shares on the BSE.
BROAD MARKET INDICES INDEX
CURRENT
OPEN
HIGH
NIFTY 50
10,283.60
10,324.55
10,343.60
10,268.05
10,214.75
0.67
NIFTY NEXT 50
29,754.60
29,690.80
29,846.20
29,687.35
29,350.50
1.38
NIFTY MIDCAP 50
5,140.75
5,151.25
5,175.65
5,128.60
5,099.00
0.82
NIFTY100 LIQ15
4,551.05
4,578.10
4,608.35
4,539.90
4,497.45
1.19
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LOW
P. Close %CHANGE
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ASIAN INDEX INDEX
OPEN
HIGH
LOW
CLOSE
%CHANGE
NIKKEI 225
22,603.30
22,757.40
22,319.12
22,396.80
0.20
HANG SENG
29,214.36
29,341.92
29,158.35
29,199.04
0.62
TAIWAN
10,673.43
10,729.45
10,673.43
10,701.64
0.72
SSE
3,392.68
3,403.29
3,373.30
3,382.34
-0.50
INDIAN MAJOR SECTORAL INDICES INDEX
CURRENT
OPEN
HIGH
NIFTY BANK
25,728.40
25,875.70
25,924.90
25,679.55
25,446.60
1.11
NIFTY FIN SERVICE
10,498.65
10,507.25
10,565.25
10,479.25
10,345.40
1.48
NIFTY IT
11,150.00
11,311.95
11,311.95
11,127.00
11,317.25
-1.48
NIFTY PHARMA
9,161.80
9,159.50
9,221.30
9,137.45
9,082.65
0.87
Contact No. +91-903-977-7700
LOW
P. Close
%CHANGE
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STOCK UPDATE HDFC Standard Life Insurance extends rally, jumps 27% after good debut
HDFC Standard Life Insurance Company shares extended rally on Friday, rising as much as 27 percent over issue price of Rs 290 per share, driven by positive market conditions and good subscription. The stock touched an intraday high of Rs 369 and intraday low of Rs 307 after listing at Rs 313 on the National Stock Exchange. At 11:59 hours IST, it was trading at Rs 342.60, up 10.52 percent over pre-opening price of Rs 310 and up 18.13 percent over issue price. Heads up! HDFC Standard Life to list on bourses with a premium: Experts This is the third life insurance company getting listed on exchanges, after ICICI Prudential Life and SBI Life. The public issue of the subsidiary of housing finance major HDFC was oversubscribed 4.90 times during November 7-9, 2017. The price band for the issue was Rs 275-290 per share.
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STOCK UPDATE The Rs 8,695-crore public issue comprised sale of 19,12,46,050 equity shares (representing 9.55 percent of paid-up equity capital), by HDFC and up to 10,85,81,768 shares (5.42 percent) holding by Standard Life Mauritius. At present, HDFC owns 51.69 percent stake in HDFC Standard Life and Standard Life has about 29.35 percent stake. 5Paisa Capital, a discount brokerage and financial advisory entity, made its debut on the bourses on Thursday to become the first such listed financial digital marketplace. On the BSE, the shares opened at 650 but immediately fell 5% to close at its lower circuit of 617.50. At Thursday’s closing price, the market capitalization of the company was pegged at 787 crore. 5Paisa Capital is a subsidiary of IIFL Holdings, and got listed after the online financial services entity demerged from the parent entity. All existing shareholders of IIFL were allotted shares in the demerged entity in the ratio of 25:1. The parent company had earlier infused 100 crore as fresh capital in the demerged entity. The company plans to revamp its financial advisory services with digital features such as robo advisory and end-to-end algo-based solutions to help its customers in their trading and portfolio monitoring activities.
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RECOMMENDED TATA MOTORS:-
CASH CALL BUY TATAMOTORS ABOVE 422 TGT 426/430/434 SL 412
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RECOMMENDED CIPLA:-
CASH CALL BUY CIPLA ABOVE 609 TGT 615/621/627 SL 597
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