HDFC Bank reported a 32.8 per cent YoY rise in the net profit to Rs 7,416.50 crore for the third quarter ended December 31, 2019, driven by interest and non-interest income.

The market opened in the green on 20th January making new all time high and breaching 12400 mark for the first time ever. The previous day witnessed the Sensex going up by 12.81 points to end at 41,945.37 and the Nifty was down by 3.15 points to close at 12,352.35. 

The aggregate enterprise value of the said transaction is valued approximately Rs 290 crore. The completion of the transaction is subject to fulfillment of certain conditions precedent as agreed in the SPA.

The trend is upward but the momentum is waning and as long as Nifty trades above 12,270, it will continue with positive bias. Any close below 12,270, may lead to a reasonable correction initially to the gap area of January 9. Stocks in news: Lupin, PNC Infratech, ITI, Mercator, Godawari  Power & Ispat.

The start to the fresh week is likely to be on a flat note for the Indian markets, as early cues from SGX Nifty indicates that markets may open with modest gains of 16 points at 12,398 levels. Last week, the bulls lacked that gush after a strong start, despite hitting all-time highs, as we approached the end of the week.

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The board of directors of Dishman Carbogen Amcis on January 16, 2020, approved the buyback of fully paid-up equity shares by the company having a face value of Rs 2 each. On Friday, the stock dipped by nearly 9 per cent from its intraday high level.

On Friday, the stock has given a neckline breakout of the double bottom pattern. This breakout was confirmed by the above 50-day average volumes. With this pattern breakout, the stock has also managed to close above their long-term moving averages that are, 100-day EMA and 200-day EMA.

The benchmark indices were also supportive with BSE-200 and BSE-500, gaining 1.42 per cent and 1.13 per cent each during the week. Emami emerged as the highest gainer with a gain of 15 per cent at Rs 351 on Friday.

The following stocks will be in focus during Monday’s trading session in the light of their result announcements: Chennai Petroleum Corporation, HDFC Bank, Cupid, Jindal Steel & Power and Goa Carbon.