Market Highlights: Sensex ends nearly 300 points higher and Nifty 50 near 18,100

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Share Market Update | Motilal Oswal's Sandeep J Shah's view on market

“For now the market is sideways, but given the fact that global macros look far more conducive with the dollar index peaking out, US interest rates hopefully peaking out in this quarter as well... world trade as a percentage of GDP is close to an all-time high. Domestically there is a bit of a minor slowdown in growth in the second half but with margins pressures abating from next quarter and if budget does not have any major negative surprises, then we may slowly grind higher. However there could be some volatility in the near term. So I think investors should buy into any weakness post budget. While I would recommend staggering flows over the next 3-6 months, but incase you see a significant correction post budget or because of any other reason, investors should actually go in 50 percent lump sum and spread the balance. So certainly not the time to get overweight on equities but the long term outlook for India remains extremely robust,” says Sandeep J Shah, Managing Partner Motilal Oswal Pvt Wealth Mgmt.

Share Market Update | Monarch's Abhisar Jain's view on market

"We are quite constructive on the Indian market, mainly because of two key reasons. One is that going into this cycle, as my peers have also been saying, the balance sheets are in the best shape possible for both the corporate India as well as for the banking sector. And that would help us going ahead as we move into the new credit cycle, as we move into the investment phase with all the PLI and the focus of the government on increasing the manufacturing. Second thing is that the market have spent quite a bit of time in this range. So if you were to see in 15 months back, we were at this range, what we are today, and we have spent this time, we have had the odd big dip in between, and we are still here. So that has made the valuation a little bit more reasonable. The premium is still there for the markets versus its 10-15 year average, but it is much more reasonable. So we are constructive. And for this year, hopefully it should be an okay market, which tracks its earnings," says Abhisar Jain, Head & Fund Manager, Monarch.

Market at Close | Sensex and Nifty 50 end higher led by IT shares

-- Infosys and TCS are top nifty contributors followed by HDFC and HDFC Bank.

-- Reliance fails to hold recovery, closes with minor cuts after earnings.

-- Ultratech reporting lower-than-expected realisation drags cements stocks.

-- HUL regains some of the losses seen on Friday, closes two percent higher today

-- Persistent builds on to last week gains, closes as top midcap gainer, up seven percent. 

-- Bandhan Bank’s positive management commentray lifts the stock, up over four percent. 

-- Can Fin Home rises on positive brokerage note, closes six percent higher. 

-- Ltimindtree reports weak December quarter, but positive outlook helps it gain six percent from lows.

-- RBL slips after a strong December quarter while Petronet LNG rises despite a weak December quarter. 

-- Market breadth favours declines, advance-decline ratio at 2:3.

Rupee at Close | Rupee ends lower at 81.39 vs dollar

Stock Market News | Meghmani Organics falls for sixth day in a row after weak December quarter earnings

Shares of diversified chemicals company Meghmani Organics Ltd. slumped over seven percent in intraday trade on Monday after it reported weak December quarter earnings led by lower utilisation and production in the pigments division. (Read more)

Share Market News | Jindal Stainless reports December quarter earnings 

-- Net profit down 27.8 percent at Rs 314.3 crore vs Rs 435.5 crore year-on-year

-- Revenue up 12 percent at Rs 6,349.7 crore vs Rs 5,670 crore year-on-year

-- EBITDA down 34.1 percent at Rs 524.7 crore vs Rs 796.8 crore year-on-year

-- EBITDA margin at 8.3 percent vs 14.1 percent year-on-year.

Stock Market News | Karur Vysya Bank reports December quarter earnings 

-- Net profit up 56 percent at Rs 289.3 crore vs Rs 185.5 crore year-on-year

-- NII up 29.4 percent at Rs 889 crore vs Rs 687.2 crore year-on-year

-- Gross NPA at 2.66 percent vs 3.97 percent quarter-on-quarter 

-- Net NPA at 0.89 percent vs 1.36 percent quarter-on-quarter

-- Gross NPA at Rs 1,674.3 crore vs Rs 2,456.5 crore quarter-on-quarter

-- Net NPA at Rs 550.4 crore vs Rs 818.7 crore quarter-on-quarter

Share Market News | After Bengaluru, Hero Moto begins delivering the Vida V1 scooter in Jaipur

The scooters were delivered to customers from VIDA’s ‘Experience Centre’ in the city. Close on the heels of Bengaluru, Jaipur is the second city where customer deliveries of the VIDA V1 have commenced. Deliveries will begin in Delhi next. (Read more)

Stock Market Update | Rajratan Global Wires Q3 (YoY)

- Profit down 30.7 percent at ₹27.8 Crore Vs 40 Crore

- Revenue down 9.9 percent at ₹200 Crore Vs ₹221.8 Crore

- EBIDTA down 20.2 percent at ₹37.8 Crore Vs ₹47.3 Crore

- EBITDA Margin at 18.9 percent from 21.3 percent 

- Shares of Rajratan Global Wire are trading 3.9 percent lower at Rs 794.5

Stock Market Update | Karur Vysya Bank Q3 Earnings (YoY)

- Net profit up 56 percent to Rs 289.3 crore from Rs 185.5 crore

- Net Interest Income up 29.4 percent to Rs 889 crore from Rs 687.2 crore

- Gross NPA at 2.66 percent from 3.97 percent (QoQ)

- Net NPA at Rs 550.4 crore from Rs 818.7 crore

- Shares are trading 1.5 percent lower at Rs 103.60

Stock Market Updates | Route Mobile reports Q3 Earnings (YoY)

- Net profit up 85 percent to Rs 82.4 crore from Rs 44.5 crore

- Revenue up 75.2 percent to Rs 985.6 crore from Rs 562.7 crore

- EBITDA at Rs 124.5 crore from Rs 60.7 crore

- EBITDA margin at 12.6 percent from 10.8 percent

- Shares trading 2 percent lower at Rs 1,153

Stock Market Updates | Oriental Hotels Q3 Results  

- Net Profit at ₹15 crore vs ₹7.4 crore 

- Revenue up 38.5 percent at ₹105.7 crore vs ₹76.3 crore 

- EBITDA up 63.5 percent at ₹32.3 crore vs ₹19.8 crore 

- Margin at 30.6 percent vs 25.9 percent

- Shares of Oriental Hotels gained as much as 4 percent post earnings but are off the day's high, currently trading 2 percent higher at Rs 70.95

Stock Market Updates | Coal India shares are up 1.2%

-- The shares have gained in three out of last five trading sessions. 

Stock Market News | Compuage Infocom reports earnings for December quarter

-- Net profit up 1.1 percent at Rs 8.5 crore vs Rs 8.4 crore quarter-on-quarter. 

-- Revenue down 6.1 percent at Rs 1,166.7 crore vs Rs 1,241.8 crore quarter-on-quarter. 

-- EBIT down 10.6 percent at Rs 28.9 crore vs Rs 32.3 crore quarter-on-quarter. 

-- Margin at 2.5 percent vs 2.6 percent quarter-on-quarter.