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| 30 November, 2020, 09:51 PM IST | E-Paper
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Economic Times | 21 Oct, 2020 | 05.50PM IST

Traders' Diary: Nifty has key support at 11,750 and 11,666 levels

Financials leads the market rally as 24 of 30 Sensex stocks end the day in the green

!1 New UpdateClick here for latest updates
09:40 PM

L&T Technology Services Q2 results: Net profit falls 19.5% to Rs 165.5 crore

LTTS won eight multi-million dollar deals during the quarter ended September 30, including three with a Total Contract Value of over $15 million and three worth more than $10 million.
L&T Technology Services Q2 results: Net profit falls 19.5% to Rs 165.5 crore
09:07 PM

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

Ajit Mishra of Religare Broking said, the upbeat start of the earnings season combined with the favourable global cues has helped the markets to recover in the last two sessions.
Ahead of Market: 12 things that will decide stock action on Tuesday
08:51 PM

Banks to sell nearly Rs 20,000 crore bad loans to ARCs this year

Industry data accessed by ET show that banks have identified bad loans worth Rs 19,947 crore to be sold during the first half of the current fiscal.
Banks to sell nearly Rs 20,000 crore bad loans to ARCs this year
08:40 PM

Robust legal framework necessary for development of surety bonds market in India: IRDAI report

"For surety market to develop in India and keeping in mind best practices observed in other markets, a robust legislation requiring surety bonds and other non-fund based guarantees would be a necessary condition," said the report on which the IRDAI has invited comments from stakeholders by November 9.
Robust legal framework necessary for development of surety bonds market in India: IRDAI report
08:15 PM

Wipro’s share buyback offers an arbitrage opportunity

“At the current price of Rs340, the tender of shares in open offer can fetch a profit of Rs 60 per share on 50% of positions. The break-even price for the residual shares will be Rs 280,” said a note by ICICI Direct.
Wipro’s share buyback offers an arbitrage opportunity
07:29 PM

Equitas Small Finance Bank IPO opens tomorrow. Should you subscribe?

The price band for the issue is fixed at Rs 32-33 per share, and the issue closed on Thursday. The offer from the unit of Equitas Holdings will comprise a fresh issue of shares worth Rs 280 crore, and an offer for sale of 7,20,00,000 shares by the parent company.
Equitas Small Finance Bank IPO opens tomorrow. Should you subscribe?
07:15 PM

Dow Jones opens higher on renewed hopes of stimulus deal

The Dow Jones Industrial Average rose 27.24 points, or 0.10%, at the open to 28,633.55. The S&P 500 opened higher by 9.85 points, or 0.28%, at 3,493.66, while the Nasdaq Composite gained 60.78 points, or 0.52%, to 11,732.34 at the opening bell.
Dow Jones opens higher on renewed hopes of stimulus deal
06:52 PM

UltraTech Q2 preview: Up to 100% growth in profit likely; sales may see single digit rise

Analysts said cement makers may show volume growth in the seasonally weak quarter on pent up demand after the phase-wise opening up of the economy, with some estimates pegging industry-wide growth at 3 per cent YoY and 33 per cent sequentially. Prices
UltraTech Q2 preview: Up to 100%  growth in profit likely; sales may see single digit rise
06:26 PM

Century Textiles Q2 results: Posts net loss of Rs 10.35 cr

Net sales dropped 30.01 per cent to Rs 595.77 crore as against Rs 851.23 crore in the corresponding quarter of the preceding fiscal. The company posted a "resilient performance amidst challenging market conditions on account of the pandemic-induced shutdowns," CTIL said in a post-earnings statement.
05:54 PM

Tech View: Nifty forms an indecisive Doji, all eyes on 11,900 level now

Analysts said the index did not see a followup drop following Thursday’s selloff, which is a sign of relief. But they feel the index remains vulnerable to selling pressure.
Tech View: Nifty forms an indecisive Doji, all eyes on 11,900 level now
05:32 PM

Britannia Q2 Results: Net profit up 23% YoY to Rs 495 crore

The company had reported a net profit of Rs 405.37 crore in the same quarter a year ago. An ET Now poll had projected the company to report a net profit of Rs 498 crore. Its consolidated revenue from operations grew 12.1 per cent to Rs 3,419.11 crore from 3,048.84 crore reported a year ago.
Britannia Q2 Results: Net profit up 23% YoY to Rs 495 crore
05:03 PM

HDFC Life Q2 results: Profit rises 6% YoY to Rs 326 crore; premium income surges 35%

The net premium income for the company stood at Rs 10,045.44 crore, up 34.77 per cent YoY, for the quarter against Rs 7,453.68 crore for the corresponding quarter.
HDFC Life Q2 results: Profit rises 6% YoY to Rs 326 crore; premium income surges 35%
04:41 PM

F&O: VIX sees a spike, Nifty50 range widens to 11,500-12,000

Nifty opened with a gap up on Monday, but failed to surpass the 11,900 level and remained consolidative in a range of 70 points for most part of the day. It formed a Doji candle with a long lower shadow on the daily scale, which indicated that declines are being bought into, but multiple hurdles were intact at higher levels.
F&O: VIX sees a spike, Nifty50 range widens to 11,500-12,000
03:56 PM

What made Upstox India’s second largest stockbroker after Zerodha

Data compiled by NSE showed discount broking firm Zerodha had 24.70 lakh clients at the end of September, making it India’s largest, followed by Upstox at 12.20 lakh.
What made Upstox India’s second largest stockbroker after Zerodha
03:39 PM

This is how the 30-pack Sensex moved in today's session. It touched a high of 40,519.48 and a low of 40,211.22 to finally settle at 40,431.60

This is how the 30-pack Sensex moved in today's session. It touched a high of 40,519.48 and a low of 40,211.22 to finally settle at 40,431.60
03:38 PM

CLOSING BELL: Bank, FMCG stocks drive Sensex 449 points higher; Nifty closes above 11,870; ICICI Bank rallies 5%, Axis 4%

  • Financials leads the market rally
  • 24 of 30 Sensex stocks end the day in the green
  • Index contributors: ICICI Bank, HDFC, Axis Bank, Kotak Bank, SBI
  • Top Index gainers: ICICI Bank (5.00%), Nestle (4.70%), Axis Bank (4.18%)
  • Top Index losers: Bajaj Auto (1.86%), TCS (1.76%), Airtel (1.38%)
  • S&P BSE BANKEX biggest sectoral gainer, up 3.35%
  • S&P BSE AUTO biggest sectoral loser, down 1.12%
  • Volume toppers: HDFC Bank, RIL, Infosys, HCL Tech, Bajaj Fin
CLOSING BELL: Bank, FMCG stocks drive Sensex 449 points higher; Nifty closes above 11,870; ICICI Bank rallies 5%, Axis 4%
03:14 PM

8 stocks that analysts say can offer solid returns in 2-3 weeks

The stock markets have had a stellar run over the last two weeks but analysts now expect some fatigue to creep in and advise approaching Street with caution while staying stock specific. "Overall, we suggest traders to continue to approach the market with a cautious approach. Sector rotation is very much visible in the markets and the coming days are likely to stay highly sector and stock specific," said Milan Vaishnav, Consulting Technical Analyst and founder of Gemstone Equity Research & Advisory Services.
8 stocks that analysts say can offer solid returns in 2-3 weeks
02:53 PM

Here are the top gainers in the real estate sector

Price as on 19 Oct, 2020 02:53 PM, Click on company names for their live prices.
02:40 PM

Wait for a better entry point, say analysts on Radhakishan Damani's stock

The company's focus on e-commerce also earned appreciation, but a rerating on the stock looks unlikely in the near future, after the chain of retail stores warned of supply-side challenges in the non-FMCG segment ahead of the festive season.
Wait for a better entry point, say analysts on Radhakishan Damani's stock
02:06 PM

Here are the top losers in the tourism and hospitality sector

Price as on 19 Oct, 2020 02:06 PM, Click on company names for their live prices.
01:53 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
01:37 PM

Hatsun Agro board approves bonus share issue in the ratio on 1:3

Price as on 19 Oct, 2020 01:37 PM, Click on company names for their live prices.
01:36 PM

Edelweiss Asset Management raises Rs 6,600 crore in ESOF III

Asset Management has raised Rs 6,600 crore in its alternative investment fund - ESOF III, the largest funds raised in 2020 in the Indian Private Credit space, amidst subdued economic climate. Fund has received commitments from marquee foreign institutional investors- Ontario Teachers’ Pension Plan Board (OTPP), Florida’s State Board of Administration, Swedish Pension Fund - AP4 and a European Insurance Investor, said a press note by Edelweiss Asset Management.
01:28 PM

Zydus Cadila gets tentative USFDA nod for generic drug

Drug firm Zydus Cadila on Monday said it has received tentative approval from the US health regulator to market Tofacitinib extended-release tablets, used to treat ulcerative colitis, in the American market. The company has received tentative approval from the US Food and Drug Administration (USFDA) for the product which is the generic version of Pfizer's Xeljanz XR tablets, Zydus Cadila said in a statement.
01:07 PM

These stocks hit 52-week highs

Price as on 19 Oct, 2020 01:07 PM, Click on company names for their live prices.
12:56 PM

HDFC Life, Britannia gain ahead of Q2 earnings announcement

Price as on 19 Oct, 2020 12:56 PM, Click on company names for their live prices.
12:46 PM

Jet Airways hits upper circuit after CoC approves resolution plan

Shares of Jet Airways (India) hit upper circuit on Monday after the airlines’ committee of creditors (CoC) on Saturday approved the resolution plan submitted by the consortium of UK’s Kalrock Capital and UAE-based entrepreneur Murari Lal Jalan under the insolvency resolution process.
12:33 PM

NCLT approves resolution plan for Asian Colour: Agencies

12:27 PM

Top gainers & losers from the tourism & hospitality space

Price as on 19 Oct, 2020 12:27 PM, Click on company names for their live prices.
11:52 AM

HDFC Bank shares jump 3% after Q2 earnings

Shares of HDFC Bank on Monday rose by 3 per cent after the company reported a 16 per cent rise in its consolidated net profit for the second quarter ended on September 30, 2020. The stock gained 2.48 per cent to Rs 1,228.80 on the BSE. On the NSE, it rose by 2.97 per cent to Rs 1,235. HDFC Bank on Saturday reported a 16 per cent rise in its consolidated net profit to Rs 7,703 crore for the second quarter ended on September 30, 2020.
11:41 AM

These stocks defy market trend, fall up to 5%

Price as on 19 Oct, 2020 11:41 AM, Click on company names for their live prices.
11:14 AM

Brokerages upgarde Federal Bank post Q2 results

“Healthy fundamentals and lower valuation make us positive on the stock. Thus, we upgrade the stock from ‘Hold’ to ‘Buy’,” ICICI Securities said adding the bank reported a healthy operational performance led by stable business growth. Nirmal Bang Securities also upgraded Federal Bank to ‘Buy’ with a price target of Rs 63, citing strong operating performance, a better outlook and favourable valuation.
10:58 AM

Here are the top 10 gainers from the NBFC space

Price as on 19 Oct, 2020 10:58 AM, Click on company names for their live prices.
10:40 AM

Glenmark Pharma gets USFDA nod for generic drug

Glenmark Pharmaceuticals on Monday said it has received approval from the US health regulator to market Sirolimus tablets, an immunosuppressant, in the American market. The company's US-based subsidiary has received final approval from the US Food and Drug Administration (USFDA) for the product which is a generic version of PF Prism CV's Rapamune tablets, Glenmark Pharmaceuticals said in a statement.
10:15 AM

Bank stocks and financials lead Sensex gainers

Bank stocks and financials lead Sensex gainers
10:04 AM

Axis Bank, HDFC Bank and Tata Steel can move higher: Manish Hathiramani, Deen Dayal Investments

Nifty has a good support at 11,650 and until we do not break that, we are in a positive territory. The resistance on the upside is at 12,050. If we are unable to move past either levels convincingly, we would be range bound and trading in this zone should be avoided. Stocks that look interesting for an up move include Axis Bank, HDFC Bank and Tata Steel.
09:50 AM

Gold prices slip below Rs 50,500

Gold and silver prices were trading with cuts in Monday's session amid renewed vaccine hopes by year-end. Meanwhile, possibility of a US stimulus package before election day capped losses. Gold futures on were down 0.22 per cent or Rs 110 at Rs 50,437 per 10 grams. Silver futures fell 0.67 per cent or Rs 416 to Rs 61,260 per kg.
09:21 AM

YES Bank, Voda Idea, TaMo among most active stocks on NSE

Price as on 19 Oct, 2020 09:21 AM, Click on company names for their live prices.
09:21 AM

OPENING BELL: Sensex advances 350 points, Nifty50 tops 11,850; ONGC rises 3%, HDFC 2%

OPENING BELL: Sensex advances 350 points, Nifty50 tops 11,850; ONGC rises 3%, HDFC 2%
09:10 AM

Pre-open session: Sensex climbs 390 points, Nifty above 11,850

07:09 AM

SGX Nifty signals positive start

Nifty futures on the Singapore Exchange traded 66.5 points, or 0.56 per cent higher at 11,838.50, in signs that Dalal Street was headed for a positive start on Monday.
07:09 AM

Tech View: Nifty shows signs of recovery

Nifty50 closed above the 11,750 level on Friday and showed initial signs of a recovery after Thursday’s selloff. Analysts said the occurrence of an ‘Inside Bar’ pattern on the daily chart a day after the formation of a long bearish candle was a sign of resilience.
07:08 AM

Asian markets off to a positive start

Asian markets started higher on Monday, buoyed by hopes of a US fiscal package before the US elections and expectations of a coronavirus vaccine by the end of this year. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.26 per cent. Japan's Nikkei climbed 1 per cent while South Korea's KOSPI and Australian shares were up 0.7 per cent each.
07:08 AM

Oil rises ahead of China GDP data

Oil prices edged up in early Asian trade on Monday ahead of China's economic growth data, which is expected to show recovery in the top oil importer. Brent crude for December inched up 4 cents to $42.97 a barrel and U.S. West Texas Intermediate crude was at $40.90 a barrel, up 2 cents, a day before the November contracts expire.
07:08 AM

China GDP data today

Investors were awaiting China's third-quarter gross domestic product (GDP), monthly production and retail sales due later in the Asia morning, Reuters reported. "Chinese growth has bounced back well from its early Covid-19 losses and this data will be key to identify how the economy has progressed," Steven Dooley, chief strategist at Western Union Business Solutions told Reuters.
07:07 AM

US stocks ended mixed on Friday

US stocks ended mixed on FridayUS stocks closed mixed as investors pored through the nation's monthly retail sales data. On Friday, the Dow Jones Industrial Average increased 112.11 points, or 0.39 per cent, to 28,606.31. The S&P 500 was up 0.47 points, or 0.01 per cent, to 3,483.81. The Nasdaq Composite Index decreased 42.32 points, or 0.36 per cent, to 11,671.56.
07:07 AM

48-hour deadline to approve relief package

US House Speaker Nancy Pelosi said that White House and congressional lawmakers must reach an agreement in 48 hours if they want to pass a new COVID-19 relief package before the presidential election in November. "The 48 only relates to if we want to get it done before the election, which we do," Pelosi said in an interview with ABC News.
07:07 AM

Q2 results today

HDFC Life Insurance Company, Britannia Industries, ACC L&T Technologies, Bank of Maharashtra, Rallis India and CSB Bank are slated to announce their financial results for the September quarter on Monday.
07:06 AM

FIIs sell Rs 480 cr worth of stockS

Net-net, foreign portfolio investors (FPIs) were sellers of domestic stocks to the tune of Rs 479.59 crore, data available with NSE suggested. DIIs were net sellers to the tune of Rs 429.81 crore, data suggests.
07:06 AM

Rupee closes flat at 73.35 in restricted trade

The rupee on Friday settled almost flat at 73.35 against the US dollar in the absence of any fresh trigger. At the interbank forex market, the rupee opened at 73.41 against the greenback and moved in a narrow range during the day in lacklustre trade. The rupee closed at 73.35, higher by just 1 paisa from its previous close of 73.36.
07:05 AM

Sensex, Nifty on Friday

Indian equities on Friday recovered from the massive losses suffered in the previous session, with banking, metal and IT counters leading the rally. The BSE Sensex closed 254.57 points or 0.64 per cent higher at 39,982.98. Intra-day, the 30-share benchmark swung over 426 points, touching the day's peak at 40,125.71 and the lowest level at 39,700. The NSE gauge Nifty settled 82.10 points or 0.70 per cent up at 11,762.45.
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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