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Economic Times | 19 Oct, 2020 | 11.09AM IST

Traders' Diary: Nifty has key support at 11,666 and 11,550 levels

Banks and Infosys leads the market rally as 24 of 30 Sensex stocks end the day in the green

!1 New UpdateClick here for latest updates
09:51 PM

NSE-BSE bulk deals: Investor Niraj Rajnikant Shah buys over 2 lakh shares of Likhitha Infra

On the BSE, Niraj Rajnikant Shah purchased 1,12,080 shares at an average price of Rs 142.78, while he bought 1,24,180 shares at Rs 139.80 from the NSE.
NSE-BSE bulk deals: Investor Niraj Rajnikant Shah buys over 2 lakh shares of Likhitha Infra
09:42 PM

Tata Comm Q2 results: Profit rises 7-fold to Rs 385 crore

Consolidated revenue grew 4.5 per cent to Rs 4,477.18 crore during the reported quarter from Rs 4,282.3 crore in the year-ago period, it said in a BSE filing.
Tata Comm Q2 results: Profit rises 7-fold to Rs 385 crore
09:20 PM

Bajaj Consumer Q2 results: Profit up 1.6% at Rs 56.92 cr

Tata Communications on Friday posted an around seven-fold jump in consolidated net profit at Rs 384.81 crore for the September quarter. The company had registered a profit of Rs 54.31 crore in the corresponding period of the preceding fiscal. Consolidated revenue grew 4.5 per cent to Rs 4,477.18 crore during the reported quarter from Rs 4,282.3 crore in the year-ago period, it said in a BSE filing.
08:33 PM

Sanjeev Gupta's Liberty Steel makes a non-binding offer to acquire ThyssenKrupp's Europe's steel business

“With both transformation experience and an entrepreneurial approach, a possible combination of Liberty Steel and Thyssenkrupp Steel would create a strong group well positioned to tackle the challenges faced by the European steel industry and accelerate the transformation to GREENSTEEL,” the company said in a media statement.
Sanjeev Gupta's Liberty Steel makes a non-binding offer to acquire ThyssenKrupp's Europe's steel business
07:16 PM

Dow Jones climbs on vaccine hopes, upbeat retail sales data

The Dow Jones Industrial Average rose 76.52 points, or 0.27%, at the open to 28,570.72. The S&P 500 opened higher by 10.16 points, or 0.29%, at 3,493.50, while the Nasdaq Composite gained 47.96 points, or 0.41%, to 11,761.83 at the opening bell.
Dow Jones climbs on vaccine hopes, upbeat retail sales data
06:51 PM

Equitas SFB IPO has good ratings, but grey market premium is tepid

Abhay Doshi, an independent dealer in unlisted shares, said the stock was commanding a 2-3 per cent premium over the IPO price in the unlisted market.
Equitas SFB IPO has good ratings, but grey market premium is tepid
06:24 PM

Analysts see up to 80% upside in HCL Tech after Q2 show

The IT major on Friday posted an 18.5 per cent year-on-year (YoY) rise in net profit at Rs 3,142 crore while the topline rose 6.1 per cent YoY to Rs 18,594 crore.
Analysts see up to 80% upside in HCL Tech after Q2 show
05:54 PM

Market Movers: Unseasonal spurt in AC stocks; 15 stocks in overbought zone

Joseph Thomas, Head of Research at Emkay Wealth Management, said, “After Thursday’s storm all major markets, the domestic market remained calm today. But factors that are providing ammunition to the intermittent volatility still remain active and potent.”
05:41 PM

Uncertain pace of recovery in global auto demand may continue to weigh on Tata Motors, JLR: Moody's

Moody's said, "TML's underlying credit profile has deteriorated to a level weaker than JLR's but the ratings remain the same, thanks to a one-notch uplift to reflect likely support from parent Tata Sons Ltd in times of need."
Uncertain pace of recovery in global auto demand may continue to weigh on Tata Motors, JLR: Moody's
05:21 PM

Tech View: Nifty shows signs of recovery; more clarity needed

The immediate support for Nifty50 now stands at 11,580. With most of the momentum indicators cooling off, it will be ideal to wait for more clarity on price, as sectoral rotation remains interesting.
Tech View: Nifty shows signs of recovery; more clarity needed
05:13 PM

F&O: Nifty setup shows bounce may sustain, but hurdles ahead

Nifty now has to hold above 11,750 level to witness a bounce towards the 11,850 mark, while on the downside, support exists at 11,666 and then 11,550 levels.
F&O: Nifty setup shows bounce may sustain, but hurdles ahead
04:41 PM

Private bank, IT stocks drive Sensex 255 points higher; Nifty tops 11,750

Broader market indices outperformed their headline peers as Nifty Smallcap rose 1.39 per cent and Nifty Midcap 1.13 per cent.
Private bank, IT stocks drive Sensex 255 points higher; Nifty tops 11,750
04:11 PM

HCL Tech reports improved deal momentum, doubles quarterly dividend

The country’s third largest software exporter reported a higher sequential growth of 6.4% in the dollar denominated revenue for the September quarter than the 6.1% growth of the second largest Infosys. But, this was largely due to a lower base in the form of HCL Tech’s sharper revenue drop of 7.4% in the previous quarter than the 2.4% fall reported by Infosys.
HCL Tech reports improved deal momentum, doubles quarterly dividend
04:04 PM

IT, bank stocks lift Sensex 255 pts higher; Nifty tops 11,750; Tata Steel climbs 5%

03:39 PM

This is how the 30-pack Sensex moved in today's session. It touched a high of 40,125.71 and a low of 39,699.42 to finally settle at 39,982.98

This is how the 30-pack Sensex moved in today's session. It touched a high of 40,125.71 and a low of 39,699.42 to finally settle at 39,982.98
03:39 PM

CLOSING BELL: IT, bank stocks lift Sensex 255 pts higher; Nifty tops 11,750; Tata Steel climbs 5%, HDFC Bank 3%

  • Banks and Infosys leads the market rally
  • 24 of 30 Sensex stocks end the day in the green
  • Index contributors: HDFC Bank, Infosys, ICICI Bank, Kotak Bank, HDFC
  • Top Index gainers: Tata Steel (5.24%), HDFC Bank (2.85%), UltraTech Cement (2.38%)
  • Top Index losers: HCL Tech (3.43%), M&M (1.61%), RIL (1.20%)
  • All BSE sectoral indices except Energy end the day in the green
  • S&P BSE METAL biggest sectoral gainer, up 3.70%
  • S&P BSE Energy biggest sectoral loser, down 0.82%
  • Volume toppers: RIL, Infosys, HCL Tech, HDFC Bank, Bajaj Fin
CLOSING BELL: IT, bank stocks lift Sensex 255 pts higher; Nifty tops 11,750; Tata Steel climbs 5%, HDFC Bank 3%
03:07 PM

Here are the top gainers in the real estate sector

Price as on 16 Oct, 2020 03:07 PM, Click on company names for their live prices.
02:44 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
02:26 PM

Why HUL remains Jefferies' top pick in Indian staples space

Jefferies said Hindustan Unilever has historically shown resilience and has even outperformed its peers during disruptions like demonetization and GST rollout.
Why HUL remains Jefferies' top pick in Indian staples space
02:12 PM

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

Price as on 16 Oct, 2020 02:12 PM, Click on company names for their live prices.
02:04 PM

The long-term underperformance has increased ITC’s attractiveness from the valuation point of view and we have seen this kind of a cycle play out in many leading companies

- Rajeev Thakkar, CIO, PPFAS MF

01:23 PM

Mindtree shares slump over 8%; here's why

Shares of Mindtree declined more than 8 per cent in Friday's session after brokerages downgraded the stock even as it reported an 88 per cent jump in September quarter profit, on lack of big-ticket deals and valuation concerns.

  • Kotak Institutional Equities downgraded the stock to sell from reduce, citing stretched valuations.
  • Motilal Oswal too downgraded the stock to neutral from buy as it believes the persistent weakness in the top two–10 client bucket remained a concern given its 20 per cent contribution to the topline.
01:06 PM

HCL Tech slumps 4% pos Q2 numbers

Price as on 16 Oct, 2020 01:06 PM, Click on company names for their live prices.
12:38 PM

UPL tumbles 5% after KPMG resigns as auditor of Mauritius arm

Shares of UPL dropped nearly 5 per cent on Friday after the company said KPMG resigned as the auditor of its mauritius based subsidiary last week. The agrochemicals company, however, clarified that the resignation of the auditor was a part of reorganisation of the audit process.

“We hereby submit our resignation as auditors of UPL Corporation Limited with immediate effect. There are no circumstances connected with our resignation which we consider should be brought to the notice of the members,” KPMG said in its letter dated October 8 to the UPL subsidiary.
12:31 PM

Top 10 gainers from the banking spce

Price as on 16 Oct, 2020 12:31 PM, Click on company names for their live prices.
11:49 AM

Indiabulls Housing Finance further sold a portion of stake in Oaknorth for Rs 220 cr

Indiabulls Housing Finance further sold a portion of stake in Oaknorth for Rs 220 cr
11:39 AM

Top 5 gainers from tourism & hospitality space

Price as on 16 Oct, 2020 11:39 AM, Click on company names for their live prices.
11:13 AM

DIPAM Secretary: Govt won't do further ETFs

  • We will not do repeat OFS for the same stock
  • Strategic disinvestment back on track; several IPOs planned

11:12 AM

Govt looks to sell 27% stake in RailTel IPO & up to 25% in IRFC

- DIPAM Secy

10:59 AM

Zydus Cadila gets USFDA nod to market Fingolimod capsules, Verapamil Hydrochloride Injection

Drug firm Zydus Cadila on Friday said it has received final approval from the US health regulator to market Fingolimod capsules and Verapamil Hydrochloride Injection. Fingolimod capsules is indicated for the treatment of patients with relapsing forms of multiple sclerosis. While, Verapamil Hydrochloride Injection, is used to rapidly/temporarily restore normal heartbeats in people with certain heart rhythm disorders.
10:56 AM

Top Sensex contributors at this hour

Top Sensex contributors at this hour
10:38 AM

IDBI Bank surges 12% as govt seeks CCEA approval to pare stake in bank

Shares of IDBI Bank rallied 12 per cent in Friday's trade after ET reported that the government will seek an in-principle approval from the Cabinet Committee on Economic Affairs (CCEA) on lowering its 47.11 per cent stake in IDBI Bank, after which the structure of the sale will be determined.
09:58 AM

HCL Tech Q2 results: Net profit at Rs 3,142 crore

  • HCL Tech posted a profit of Rs 3,142 crore for the Sepetmber quarter.
  • Analysts at an ET NOW poll had estimated the profit figure of Rs 3,033 crore.
  • Revenue for the quarter stood at Rs 18,594 crore, ET NOW reported.
  • The company board announced an interim dividend of Rs 4 per share.
09:49 AM

LIC IPO unlikely before march: Govt sources

LIC IPO unlikely before march: Govt sources
09:34 AM

Voda Idea, Tata Motors, YES Bank among most active stocks on NSE

Price as on 16 Oct, 2020 09:34 AM, Click on company names for their live prices.
09:22 AM

OPENING BELL: Sensex climbs 290 points, Nifty tops 11,750; IDBI Bank surges 11%, Inox Wind 6%

OPENING BELL: Sensex climbs 290 points, Nifty tops 11,750; IDBI Bank surges 11%, Inox Wind 6%
09:06 AM

Pre-open session: Sensex rises 128 points, Nifty tops 11,700

07:38 AM

Oil falls on likely OPEC+ supply boost

Oil prices fell on concerns that major producers will move ahead with plans to ease their supply cuts even as a spike in COVID-19 cases in Europe and the United States is curtailing demand in two of the world's biggest fuel consuming regions. Brent crude futures for December dropped 22 cents, or 0.5%, to $42.94 a barrel, while US WTI crude futures for November delivery slid 16 cents, or 0.4%, to $40.8 a barrel.
07:35 AM

Q2 results today

Federal Bank, HCL Technologies, Bajaj Consumer Care, LKP Securities, Shoppers Stop, Tata Communications and Uniply are slated to announce their financial results for the September quarter on Friday.
07:31 AM

SGX Nifty signals positive start

Nifty futures on the Singapore Exchange traded 66.5 points, or 0.57 per cent higher at 11,761.50, in signs that Dalal Street was headed for a positive start on Friday.
07:28 AM

Trump offers to raise stimulus package size

US President Donald Trump on Thursday said he is willing to raise his offer of $1.8 trillion for a COVID-19 relief deal with Democrats in the U.S. Congress, but the idea was shot down by his fellow Republican, Senate Majority Leader Mitch McConnell. It helped narrow Wall Street losses, though many investors still believe a deal is unlikely before the November 3 election.
07:25 AM

Tech View: Nifty forms Bearish Engulfing candle

Aditya Agarwala, Senior Technical Analyst at YES Securities, said the ‘Bearish Engulfing’ pattern at the top was something very similar to what Nifty50 witnessed on August 31 at the 11,800 level. August’s candle was followed by a significant decline in the index towards the 10,800 level, he said.
07:20 AM

Asian stocks fall in early trade

Asian stocks were mixed on Friday as investors sought safe havens, such as the US dollar, fearing that a resurgence in coronavirus cases and a lack of additional US fiscal stimulus would hobble the world economy. Australia's S&P/ASX 200 was down 0.02 per cent while Japan's Nikkei 225 fell 0.01 per cent. Hong Kong's Hang Seng index rose 0.58 per cent. E-mini futures for the S&P500 added 0.04 per cent.
07:16 AM

US stocks settled lower

Wall Street's major averages finished lower as uncertainty over a fresh U.S. coronavirus relief package unnerved investors.On Thursday, the Dow Jones Industrial Average fell 19.80 points, or 0.07 per cent, to 28,494.20. The S&P 500 declined 5.33 points, or 0.15 per cent, to 3,483.34. The Nasdaq Composite Index decreased 54.86 points, or 0.47 per cent, to 11,713.87.
07:15 AM

Rupee pares early gains, settles 5 paise lower at 73.36 against US dollar

The rupee pared its initial gains and settled 5 paise lower at 73.36 (provisional) against the US dollar on Thursday tracking heavy selling in domestic equities and strengthening American currency. At the interbank forex market, the rupee opened at 73.32 against the greenback, and after witnessing a volatile trading session closed at 73.36, lower by 5 paise from its previous close of 73.31.
07:15 AM

Sensex, Nifty on Thursday

Snapping its 10-session winning run, equity benchmark Sensex plunged 1,066.33 points on Thursday as investors pressed the exit button amid a massive selloff in global markets. The 30-share BSE index plummeted 1,066.33 points or 2.61 per cent to end at 39,728.41. The broader NSE Nifty crashed 290.70 points or 2.43 per cent to 11,680.35.
07:12 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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