- Dish TV India hits 10-year low; stock tanks 43% in two sessions
- No default so far, clarify Zee Entertainment promoters; stock gains 9.9%
- Zee Entertainment jumps 14% after Friday's crash, brokerages remain upbeat
- Larsen & Toubro gains 4% as Q3 results beat Street estimates
- Rupee opens 17 paise higher against US dollar
- Global oil prices skid on high US crude production, economic slowdown
- Zee Entertainment, Canara Bank, DHFL and L&T among top stocks to track
- MARKETS LIVE: Nifty slips below 10,700; Dish TV India hits 10-year low
- Interim Budget 2019, FOMC meet, Q3 results to steer indices this week
- How to trade Maruti, L&T, HEG, Graphite India and UltraTech Cement
MARKETS LIVE: Nifty slips below 10,700; Dish TV India hits 10-year low
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Last Updated at January 28, 2019 11:36 IST
EVENT HIGHLIGHTS
Benchmark indices are trading nealy 1 per cent lower weighed down by PSU bank and pharmaceutical stocks.
In the broader market, S&P Midcap index was trading 63 points or 0.43 per cent lower at 14,618, while S&P BSE SmallCap index was ruling at 13,954, down 45 points or 0.32 per cent.
After a heavy beating in the previous session, ZEE Entertainment Enterprises ((ZEEL) rallied in the early trade on Monday as brokerages gave 'BUY' rating on the stock, despite the uncertainties related to promoter pledges and stake sale to reduce promoter debt. Since Friday, the management has tried to allay investor concerns and held meetings with the stakeholders and analysts. In the early trade, ZEE Entertainment Enterprises jumped as much as 14.29 per cent to Rs 365 apiece on BSE. READ HERE
Shares of Dish TV India hit a 10-year low of Rs 19.10 apiece, down 15 per cent on the National Stock Exchange (NSE) in the intra-day trade on Monday, despite clarification that the company had no dealings whatsoever with Nityank Infrapower and Multiventures Ltd, as per the media reports. Today, the stock was up 11 per cent at Rs 24.80, corrected nearly 23 per cent. It was trading at its lowest level since January 28, 2009. READ HERE
In the broader market, S&P Midcap index was trading 63 points or 0.43 per cent lower at 14,618, while S&P BSE SmallCap index was ruling at 13,954, down 45 points or 0.32 per cent.
Global Markets
Asian stocks advanced on Monday as Wall Street rallied after a deal was announced to reopen the US government following a prolonged shutdown that had shaken investor sentiment.
MSCI’s broadest index of Asia-Pacific shares outside Japan climbed 0.2 per cent. South Korea's KOSPI edged up 0.2 per cent, New Zealand stocks were up a touch, while Japan's Nikkei bucked the trends and eased 0.2 pecent.
Oil Prices
US spot crude oil futures were at $53.37 per barrel, down 32 cents, or 0.6 per cent, from their last settlement. International Brent crude oil future were at $61.37 a barrel, down 27 cents, or 0.4 per cent.
(with Reuters input)
(with Reuters input)
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