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| 25 October, 2020, 01:25 PM IST | E-Paper
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Economic Times | 30 Sep, 2020 | 10.14AM IST

Traders' Diary: Nifty has key support at 11,000 and 10,880 levels

ITC, Axis Bank and ICICI Bank lead the market fall as 20 of 30 Sensex stocks end the day in the red

!1 New UpdateClick here for latest updates
09:52 PM

RBI's 'reckless' delay on policy panel holds back recovery

The government failed to make use of the ample time it had to appoint new MPC members, sowing more confusion into financial markets. The RBI has been doing most of the heavy lifting in providing stimulus to the economy this year, given limited fiscal room available to Prime Minister Narendra Modi’s government.
RBI's 'reckless' delay on policy panel holds back recovery
09:11 PM

Ahead of Market: 12 things that will decide stock action on Wednesday

Ajit Mishra of Religare Broking said, going ahead, the upcoming auto sales numbers will be closely watched by the participants.
Ahead of Market: 12 things that will decide stock action on Wednesday
08:53 PM

Sebi announces slew of measures on delisting of subsidiaries, role of debenture trustees

​Sebi has also approved the proposal of strengthening the role of debenture trustees (DTs) to protect the interest of debenture holders.
Sebi announces slew of measures on delisting of subsidiaries, role of debenture trustees
08:07 PM

India metals tycoon Anil Agarwal seeks $5 billion for turnaround fund

Agarwal is targeting $1 billion or more in an initial round of fundraising for the proposed India Direct Investment fund, according to people familiar with the matter, asking not to be identified because the plans are private.
India metals tycoon Anil Agarwal seeks $5 billion for turnaround fund
07:26 PM

Dow Jones opens flat ahead of first presidential debate

The Dow Jones Industrial Average fell 23.82 points, or 0.09%, at the open to 27,560.24. The S&P 500 opened lower by 0.68 points, or 0.02%, at 3,350.92, while the Nasdaq Composite dropped 8.52 points, or 0.08%, to 11,109.00 at the opening bell.
Dow Jones opens flat ahead of first presidential debate
06:50 PM

UTI AMC IPO subscribed 27% on day 1

UTI Asset Management Co’s (AMC) Rs 2,160-crore initial public offer was subscribed 27 per cent on day 1 of the bidding process. The company received bids for 73,02,609 shares, compared with the issue size of 2,73,50,957, data from NSE showed.
UTI AMC IPO subscribed 27% on day 1
06:12 PM

Tech View: Nifty50 needs to take out 11,300 hurdle to resume rally

A failure to break above the 11,300 level can trigger profit booking and drag Nifty50 lower towards 11,180 and 11,100 levels, being the 23.6 per cent and 38.2 per cent Fibonacci retracement levels respectively, said Aditya Agarwala of YES Securities.
Tech View: Nifty50 needs to take out 11,300 hurdle to resume rally
05:31 PM

F&O: Nifty bounce back takes pause; cooling VIX only solace

Nifty has to hold above 11,111 level to see a further up move towards 11,333 and then 11 450 levels, while on the downside, major supports are seen at 11,000 and then 10,880 levels.
05:26 PM

50% of richest individuals share these zodiac signs, shows Hurun Rich List

The winner is Cancer, with a 10 per cent share on the list. And with Rs 1.41 lakh crore wealth, Shiv Nadar is the richest Indian from the Cancerian club.
50% of richest individuals share these zodiac signs, shows Hurun Rich List
04:36 PM

Govt is said to consider selling 25% stake in LIC in phases

A stake sale in LIC through a public offering of shares will help the government bolster its finances after the coronavirus pandemic stalled growth and threatens the fiscal deficit target of 3.5% of gross domestic product set for the year ending March 2021.
Govt is said to consider selling 25% stake in LIC in phases
03:45 PM

This is how the 30-pack Sensex moved in today's session. It touched a high of 38,235.94 and a low of 37,831.35 to finally settle at 37,973.22

This is how the 30-pack Sensex moved in today's session. It touched a high of 38,235.94 and a low of 37,831.35 to finally settle at 37,973.22
03:44 PM

CLOSING BELL: Sensex takes a breather, ends 8 pts lower; Nifty ends flat at 11,222; Voda Idea, BHEL plunge 5% each

  • ITC, Axis Bank and ICICI Bank lead the market fall
  • 20 of 30 Sensex stocks end the day in the red
  • Index contributors: ICICI Bank, ITC, Axis Bank, HUL, HCL Tech
  • Top Index gainers: Ultratech Cement (3.08%), TCS (2.59%), Titan (2.48%)
  • Top Index losers: IndusInd Bank (3.50%), ONGC (3.48%), Power Grid (2.89%)
  • S&P BSE CONSUMER DURABLES biggest sectoral gainer, up 1.97%
  • S&P BSE Telecom biggest sectoral loser, down 2.13%
  • Volume toppers: RIL, Bajaj Fin, TCS, IndusInd Bank, SBI
CLOSING BELL: Sensex takes a breather, ends 8 pts lower;  Nifty ends flat at 11,222; Voda Idea, BHEL plunge 5% each
03:20 PM

Here are the top losers in the real estate sector

Price as on 29 Sep, 2020 03:20 PM, Click on company names for their live prices.
02:57 PM

CLSA upgrades Tata Steel to outperform, retains sell on JSW Steel

The brokerage has raised target price on Tata Steel to Rs 405 from Rs 340 and raised target price on JSW Steel to Rs 220 from Rs 185.
CLSA upgrades Tata Steel to outperform, retains sell on JSW Steel
02:36 PM

Mazagon Dock IPO sails through on Day 1, sees robust demand from retail investors

The initial public offering (IPO) by Mazagon Dock Shipbuilders (MDSL) got fully subscribed on the first day of the bidding process. The public offer received bids for 3,07,10,892 shares till 2 pm (IST) against 3,05,99,017 shares offered by the company. The retail portion was subscribed 2.90 times so far while that reserved for non-institutional investors witnessed 33 per cent subscription.
Mazagon Dock IPO sails through on Day 1, sees robust demand from retail investors
02:18 PM

Here are the top gainers and losers in the tourism and hospitality sector

Price as on 29 Sep, 2020 02:18 PM, Click on company names for their live prices.
02:04 PM

Forex Center: This is how the major currencies are faring against each other

Forex Center: This is how the major currencies are faring against each other
01:40 PM

BSE IT biggest sectoral gainer, up over 1%

BSE IT biggest sectoral gainer, up over 1%
01:16 PM

CIPLA: Buy with a target of Rs 800 plus

With pharma stocks on the revival, Cipla has also started rebounding after taking support at the clouds on the Ichimoku systems. The other lines in the system are also getting into place and continuation of the price higher will ensure that the signals strengthen. Buy for a target of over Rs 800.
CIPLA: Buy with a target of Rs 800 plus
01:02 PM

Here are the top gainers from the auto space

Price as on 29 Sep, 2020 01:02 PM, Click on company names for their live prices.
12:52 PM

Mukesh Ambani tops Hurun India Rich list 2020

Mukesh Ambani, continues to be the richest indian for the ninth consecutive year on Hurun India Rich list 2020. He is the only indian to feature in the top 5 in the global rich list.
12:32 PM

Our post pandemic equity positioning in India is concentrated in large caps and overweight on banks, IT and staples.

- Sanjay Mookim, Head-India Equity Research, JPMorgan India

12:23 PM

Angel Broking IPO allotment status: Here's how to check

Angel Broking’s Rs 600 crore IPO did not receive as strong a response as CAMS and Chemcon Specialty Chemicals issues, yet retail bidding in the issue was quite healthy at 4.31 times. Investors, who had bid for the issue, can check the subscription status on the online portal of Link Intime India Private, the registrar to the IPO.
Angel Broking IPO allotment status: Here's how to check
12:04 PM

GE T&D gets shareholders' nod to double borrowing limit to Rs 1,000 crore

GE T&D India, a leading player in the power transmission and distribution business, has received shareholders' approval to double the borrowing limit to Rs 1,000 crore. As per the notice for the company's 64th AGM held on Monday, a special resolution was proposed to borrow up to Rs 1,000 crore over and above the aggregate of the paid-up share capital, securities premium and free reserves of the company.
11:39 AM

Barring Pheonix Mills, Omaxe, all realty stocks trade in the red

Price as on 29 Sep, 2020 11:39 AM, Click on company names for their live prices.
11:14 AM

Sigachi Industries files draft papers with Sebi for Rs 60 crore IPO

  • Sigachi Industries has filed a draft red herring prospectus (DRHP) with the market regulator Sebi for an initial public offer (IPO).

  • As per sources, the IPO size for the issue would be close to Rs 60 crore. The issue would comprise of fresh issuance of up to 28,41,500 equity shares of face value of Rs 10 each.
10:52 AM

Zydus Wellness raises Rs 650 crore through issuance of shares to QIBs

FMCG firm Zydus Wellness on Tuesday said it has raised Rs 649.97 crore through issuance of equity shares to qualified institutional buyers (QIBs). The qualified institutions placements (QIP) opened on September 23 and closed on September 28.
10:38 AM

MCX gold appreciated due to a softer dollar, with investors focusing on the first U.S. presidential debate and progress on a new U.S. stimulus bill. President Donald Trump and former Vice President Joe Biden will square off in their first presidential debate later in the day, with five weeks to go until the Nov. 3 general election. Meanwhile, the investment demand has improved ahead of the U.S. election. The sentiment is likely to be positive in the bullion in intraday.

- Jigar Trivedi, Research Analyst- Commodities Fundamental, Anand Rathi Shares & Stock Brokers

10:27 AM

Vedanta gets in-principle approval for delisting from NSE, BSE

Vedanta on Tuesday informed bourses that it has received in-principle approval from BSE and NSE for delisting offer. The company fixed October 5 as bid opening date for delisting offer and October 8 for upward revision or withdrawal of bids.
10:09 AM

Here are the top gainers & losers from the hospitality space

Price as on 29 Sep, 2020 10:09 AM, Click on company names for their live prices.
09:25 AM

Voda Idea, GMR Infra, Tata Motors among most active stocks on NSE

Price as on 29 Sep, 2020 09:25 AM, Click on company names for their live prices.
09:24 AM

OPENING BELL: Sensex rises 240 points, Nifty nears 11,300; Adani Green, Future Retail gain 5% each

OPENING BELL: Sensex rises 240 points, Nifty nears 11,300; Adani Green, Future Retail gain 5% each
09:08 AM

FY21 fiscal deficit may hit 13%

India’s combined fiscal deficit may climb to 13-13.4% of gross domestic product (GDP) in the current fiscal, more than double the government’s target of 6.4%, even if there is no further fiscal stimulus, CARE Ratings said in a report Monday. The report projects the Centre’s deficit to touch Rs 17.8 lakh crore against the target of Rs 8 lakh crore, while states are likely to record a deficit of Rs 7.73 lakh crore over the budgeted Rs 6.35 lakh crore.
09:07 AM

I-T to seek AG view on Voda verdict

The income tax department will seek the attorney general’s opinion on what course it should take after having lost the retrospective tax arbitration case against British telecom company Vodafone Group last week. India has the option of appealing against the decision of The Hague-based Permanent Court of Arbitration at the Singapore-based appellate tribunal.
09:07 AM

Kirloskar feud blocks independent director appointment

The Kirloskar family feud took a surprise twist when Kirloskar Industries Ltd (KIL), a promoter of Kirloskar Brothers Ltd (KBL), voted against the reappointment of an independent director to KBL’s board during its AGM on Friday citing mistrust of the director's independence and impartiality. The resolution to re-appoint Kishor Chaukar on the board of Kirloskar Brothers was blocked with only 65.7% votes in his favour. Re-appointment of an independent director is a special resolution and needs 75% of shareholder votes to pass.
09:06 AM

Why RBI deferred policy meeting

RBI deferred this week’s scheduled Monetary Policy Committee meeting a day before it was to start with the government not having finalised the three independent members of the six-member panel that sets policy interest rates. That's unlikely to disturb RBI’s market-related functioning, as investors weren’t expecting any interest rate action, as indicated in an ET poll of 20 market participants on the weekend.
09:06 AM

Sebi orders action against defaulting brokers

Sebi has asked stock exchanges and clearing corporations to liquidate assets of defaulting brokers within six months of declaring them as defaulters. This move comes in the wake of defaults by Mumbai-based broker Anugrah Stock and Broking. Sebi said stock exchanges must try and recover assets not in their possession before the appropriate court of law. Sebi noted that in some of the recent cases where brokers defaulted, there was a shortfall of funds or securities with the brokers to meet the obligation of clients or stock exchanges.
09:06 AM

Coal mining bids set to be opened

The government will open bids received for commercial coal mining blocks on Wednesday as the Supreme Court refused to stay the auctions. Vedanta Group, Adani Group, Jindal Steel & Power and JSW Steel are among the companies believed to be eyeing the coal blocks with which India will open up the coal sector for commercial mining to private players. People aware of the matter said the apex court refused the plea made by the Jharkhand government to stay the auction process.
09:05 AM

$2b AIF in the works for startups

Small and emerging startups looking for growth capital could soon have a domestic alternative to private equity and venture capital money. The central government is in discussions with a global pension fund and the insurance and capital market regulators about floating an alternative investment fund (AIF) that will pool domestic capital from insurance companies and some private equity funds to invest in growth-hungry startups that need funding. A foreign pension fund will also be an investor in the AIF and the corpus could be around $2 billion (Rs 14,766 crore).
09:05 AM

Residential realty market picks up

The Indian residential property market showed signs of picking up momentum in the quarter ending September compared to April-June that was largely marked by lockdowns after the outbreak of the Covid-19 pandemic. Housing sales in top seven markets including Mumbai, Delhi-NCR, Bengaluru, Hyderabad, Chennai, Pune and Kolkata rose to 14,415 apartments, up 34% from the previous quarter, JLL India data showed. Mumbai was the largest contributor to sales, accounting for 29% in the quarter, while 22% of sales were contributed by Delhi-NCR. Growth in sales activity was also driven by stronger demand in Chennai, Hyderabad and Pune.
09:04 AM

Pre-open session: Sensex rises 150 points, Nifty nears 11,300

07:54 AM

Likhitha Infrastructure IPO to hit primary market today

Likhitha Infrastructure, the Hyderabad-headquartered oil and gas pipeline infrastructure service provider, will hit the market with its Rs 61.20 crore IPO on September 29. The price band for the issue has been fixed at Rs 117-120. The issue will close on October 1. In the grey market, the issue was quoting a premium of Rs 12.
07:53 AM

Mazagon Dock IPO to open today

Mazagon Dock Shipbuilders, the only firm in India that makes destroyers and submarines for the Indian Navy, will hit the primary market on September 29. The government, which has 100 per cent ownership of the company, will offload 15.17 per cent to raise maximum Rs 444 crore.
07:52 AM

UTI AMC IPO to open today

UTI Asset Management Company (AMC), the second-largest asset management company in terms of total AUM and eighth-largest AMC in quarterly AUM, is set to hit the primary market on September 29. The company has fixed a price band of Rs 552-554 per share for its IPO, which will open for public subscription on September 29. The public offer will close on October 1.
07:52 AM

Oil prices fall on demand concerns

Oil prices fell on Tuesday as demand concerns driven by COVID-19 outweighed hopes that US lawmakers and the White House were nearing an agreement on a new stimulus package to revive the world's biggest economy. US WTI crude futures slipped 17 cents, or 0.4 per cent, to $40.43, while Brent crude futures also fell 17 cents, or 0.4 per cent, to $42.26 a barrel.
07:16 AM

SGX Nifty signals flat start

Nifty futures on the Singapore Exchange traded 6 points, or 0.05 per cent at 11,253, in signs that Dalal Street was headed for a flat start on Tuesday.
07:15 AM

Tech View: Nifty eyes further gains

After reclaiming the 11,000 level in the previous trading session, NSE barometer Nifty50 on Monday cemented its gains by topping the 11,200 mark. The index broke above its 50 per cent Fibonacci retracement level of the previous decline, whose value is now placed at 11,210. Nifty also settled above its 50-day exponential moving average (EMA), indicating strengthening of the uptrend, said analysts, who believe a move above 11,250 level in the next session can push the index further higher.
07:13 AM

Hong Kong, China stocks rise in early trade

Hong Kong stocks began on the front foot Tuesday, extending the previous day's rally, following another healthy lead from Wall Street and Europe. The Hang Seng Index added 0.46 percent, or 108.56 points, to 23,584.61. The benchmark Shanghai Composite Index put on 0.45 percent, or 14.32 points, to 3,231.86, while the Shenzhen Composite Index on China's second exchange rose 0.57 percent, or 12.16 points, to 2,139.04.
07:11 AM

Tokyo stocks open lower on ex-dividend impact

Tokyo stocks opened lower on Tuesday as investors refrained from active buying a day after rights to receive dividends expired. The benchmark Nikkei 225 index was down 0.44 percent or 104.57 points at 23,407.05 in early trade, while the broader Topix index slipped 0.72 percent or 11.91 points to 1,650.02.
07:11 AM

US Democrats come down to $2.2 trillion in new Covid proposal

US Democrats unveiled a $2.2 trillion relief bill on Monday to help millions of Americans gutted by the coronavirus pandemic, trimming more than $1 trillion off their earlier version hoping to reach agreement with Republicans after months of stagnation. In a deeply polarized Congress, the chances of reaching an agreement ahead of the November 3 election have sharply diminished in the past several weeks.
07:08 AM

Dollar steadies as markets await Trump-Biden debate

The dollar was steady against a basket of currencies on Tuesday as traders looked out to the first U.S. presidential debate and developments on the U.S. stimulus bill. The dollar index stood unchanged at 94.150, drifting away from a two-month high of 94.745 reached last week, as stock markets made solid gains partly on upbeat China data with Wall Street rebounding following last week's selloff.
07:07 AM

US stocks settled higher

Wall Street rallied to close sharply higher on Monday as investors sought bargains among sectors hardest-hit by the coronavirus recession, now limping toward its ninth month. The Dow Jones Industrial Average index rose 410.1 points, or 1.51 per cent, to 27,584.06, the S&P500 index gained 53.14 points, or 1.61 per cent, to 3,351.6 and the Nasdaq Composite index added 203.96 points, or 1.87 per cent, to 11,117.53.
07:05 AM

Rupee settles 18 paise lower against dollar

The rupee pared initial gains to settle 18 paise lower at 73.79 against the US dollar on Monday on account of suspected oil related dollar buying. The local unit opened 3 paise lower at 73.64 at the interbank forex market. During the session, the domestic unit witnessed an intra-day high of 73.53 and a low of 73.86. It finally closed at 73.79 against the greenback, down 18 paise over its previous close.
07:05 AM

Sensex, Nifty on Monday

The Indian stock market surged on Monday with the BSE Sensex closing nearly 600 points higher. Healthy buying in banking and auto stocks supported the indices. A positive trend in the global markets also boosted the investor sentiments in the Indian stock market. The BSE Sensex closed at 37,981.63, higher by 592.97 points, or 1.59 per cent, from the previous close of 37,388.66. The Nifty50 on the National Stock Exchange closed at 11,227.55, higher by 177.30 points, or 1.6 per cent, from its previous close.
07:04 AM

Good morning, dear reader! Here's something to kickstart your trading day

Good morning, dear reader! Here's something to kickstart your trading day
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