• NIFTY  
    11,992.50
    (-0.44%)
  • SENSEX  
    40,894.38
    ( -0.39%)
  • USDINR  
    71.43
    ( 0.13%)
  • GOLD  
    41,430.00
    ( 1.65%)
  • Mid-Session - Detailed News
Nifty slips below 12,000; Kotak Mahindra jumps 4%
31-Jan-20   11:20 Hrs IST

Key barometers declined and registered fresh intraday low in mid-morning trade. The Nifty 50 gave up crucial 12,000 mark and traded lower. Sentiment was cautious ahead of the release of the government's Economic Survey later in the day and the Union Budget on Saturday, 1 February.

At 11:20 IST, the S&P BSE Sensex, was down 121.54 points or 0.30% at 40, 792.28. The Nifty 50 index was down 45.6 points or 0.38% at 11,990.20.

Bearish sentiment engulfed broader market. The S&P BSE Mid-Cap index was down 0.41% while the S&P BSE Small-Cap index was down 0.21%.

The market breadth was negative. On the BSE, 782 shares rose and 1138 shares fell. A total of 91 shares were unchanged. In Nifty 50 index, 14 stocks advanced while 36 stocks declined.

Stocks in Spotlight:

Kotak Mahindra Bank surged 4.04% to Rs 1693.85 after the Reserve Bank of India (RBI) in-principle accepted promoters voting rights in the bank to be capped to 20% of paid-up voting equity share capital until 31 March 2020. In an exchange filing made after market hours yesterday, Kotak Mahindra Bank said that the promoters' voting rights in the bank need to be capped at 15% from 1 April 2020. Furthermore, the bank said within six months from the date of final approval of the RBI, the promoters' shareholding in the bank need to be reduced to 26%. As on 31 December, promoters held 29.96% stake in the bank.

State owned NTPC traded 0.57% higher at Rs 114.25. The company said its Unit-1 of 660 MW of Khargone Super Thermal Power Station will commence operations from 1 February 2020. With this, the commercial capacity NTPC and NTPC group will become 48645 MW and 57106 EvlW respectively.

Bharti Airtel rose 0.06%. The telecom major said its name has been removed from the Directorate General of Foreign Trade (DGFT)'s 'Denied Entry List'. DGFT, on Tuesday (28 January), had put Bharti Airtel on its 'Denied Entities List', following the non-fulfillment of export obligations by the telecom company under the Export Promotion Capital Goods (EPCG) scheme. Bharti Airtel on Wednesday (29 January) said it had not applied for any such license since April 2018 as there was no operational need for the same. The company has fulfilled all its export obligations under the past licenses and has applied for closure of these licenses along with necessary documents to the authorities in this regard, it added.

Global Markets:

Most Asian shares declined expectations amid coronavirus fears. The World Health Organization has declared a global health emergency over the the coronavirus outbreak that has killed at least 200 in China.

Meanwhile, China's official manufacturing Purchasing Managers' Index (PMI) for January came in at 50, said China's National Bureau of Statistics.

US stock market closed higher on Thursday, as investors decided to look past fears about the economic impact of the coronavirus epidemic and focus on positive earnings reports.

On economic front, Thursday's data confirmed the Federal Reserve's view that the US expansion was continuing apace. Fourth-quarter gross domestic product grew at a 2.1% annualized pace, matching the 2.1% read in the third quarter, after receiving a significant boost from a temporary decline in imports. US initial jobless claims fell by 7,000 to 216,000 in the week of 25 January.

Powered by Capital Market - Live News

Useful Links

Back to Top
Attention Investors
Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day.............issued in the interest of investors. No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account                                    "KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
Investors should be cautious of unsolicited emails and SMS advising to buy, sell or hold securities and trade only on the basis of informed decision. Investors are advised to invest after conducting appropriate analysis of respective companies and not to blindly follow unfounded rumours, tips etc. Further, you are also requested to share your knowledge or evidence of systemic wrongdoing, potential frauds or unethical behaviour through the anonymous portal facility provided on BSE & NSE website.BSE   http://www.bseindia.com/investors/tip-off-registration.aspx?expandable  NSE   https://www.nseindia.com/int_invest/dynacontent/any_portal.htm
All payments to Stock Broker shall be received from the market intermediaries/participants strictly by account payee crossed cheques / demand drafts or by way of direct credit into the bank account through electronic fund transfer, or any other mode permitted by the Reserve Bank of India. Stock Brokers shall not accept cash from their clients either directly or by way of cash deposit to the Bank Account of Stock Broker.
Group Companies Members of : BSE, NSE, MCX, MCX.SX, CDSL, NCDEX, Broking Services, Depository Services, Portfolio Management Services, Member Area IPO Distribution, Insurance Broking
BSE Clearing No.: 911 | SEBI Regn. No.: INZ000177531 (Cash/F&O) | NSE Clearing No.: 11858 | SEBI Regn. No. INZ000177531 (Cash/F&O/CDs) | MCX-SX Clearing No.: 11400 | SEBI Regn. No.: INZ000177531 (CDs) | CDSL DP ID: 30300 | SEBI Regn. No.: IN-DPCDSL-210-2003 | MCX SEBI Reg No.: INZ000032336 | MCX: 10665 | NCDEX: 00254 | NBFC RBI Regn. No.: 13.01851
© Copyright 2018 Ajmera Associates Ltd ( ISO 9001:2015 Certified )
Designed, Developed and Powered By CMOTS Infotech ( ISO 9001:2015 Certified )
Open An Account Today !