Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.
10,607.3555.65
Stock Analysis, IPO, Mutual Funds, Bonds & More
LIVE BLOG

Economic Times | 03 Jun, 2020 | 08.16AM IST

Traders' Diary: Nifty may aim for 10,000 mark

All BSE sectoral indices end the day in the green

!1 New UpdateClick here for latest updates
10:02 PM

Bulk deals: Plutus Wealth Management laps up IFB Industries

Here’s who bought and sold what in some of the key bulk deals of the day. Plutus Wealth Management bought 2,55,000 shares of IFB Industries at Rs 392.62 per share. HDFC Capital Builder Fund sold 14,35,511 shares of SH Kelkar & Co at Rs 58.41 per share, while promoter Kedar Ramesh Vaze bought 8,50,000 shares in the company at Rs 58.45 per share.
09:28 PM

Adani Power, Adani Green seek shareholder nod for raising Rs 2,500 crore each

Billionaire Gautam Adani-led companies Adani Power and Adani Green Energy have sought shareholders approvals to raise up to Rs 2,500 crore each through issue of equity shares or any other instruments in one or more tranches, the two companies said in the respective annual reports for 2019-20.
09:09 PM

Nifty50’s risk-reward gets skewed, use every rise to protect profit

A big gush of liquidity continued to chase global equities and Indian stocks were no exception. As a part of a risk-on setup that developed over the past couple of days, domestic equities opened with a gap up and extended Friday’s gains. Nifty opened strong and headed higher as the session progressed and, at one point in time, kissed the most important pattern resistance that existed in form of a decade-old rising trend line.
08:13 PM

Investors raise stakes in India's microfinance sector despite stress during lockdown

Delhi-based microfinance firm Satya MicroCapital and Noida-based Sindhuja Microcredit are in the process of raising Rs 170 crore between them by selling equity shares even as the sector is going through liquidity stress following lockdown and business disruptions. The capital infusion during lockdown is positive for the country's microfinance sector with investors exuding confidence on the model of lending to the bottom of the pyramid customers.
07:57 PM

Billionaire Uday Kotak seeks up to $919 million in bank share sale

Uday Kotak is seeking to raise as much as 69.4 billion rupees ($919 million) in a share sale of Kotak Mahindra Bank as the billionaire seeks to cut his ownership in the lender he founded to comply with central bank regulations.
07:44 PM

Moody's downgrades India's ratings to Baa3, maintains negative outlook

Moody's Investors Service on Monday downgraded India's foreign currency and local currency long-term issuer ratings to Baa3 from Baa2, citing the country's policymaking institutions will be challenged in enacting and implementing policies which effectively mitigate the risks of a sustained period of relatively low growth.
07:11 PM

Dow Jones dips amid US protests, China tensions

US stocks opened lower on Monday after a strong showing last month, as investors turned cautious amid country-wide protests over race and a flare-up in tensions between Washington and Beijing. The Dow Jones Industrial Average fell 40.12 points, or 0.16 per cent, at the open to 25,342.99.
06:51 PM

Insider trading: Ajanta Pharma, Kellton Tech

Promoters of Ajanta pharma pledged 95,000 shares following which the shares of the company dropped 4.64 per cent to Rs 1452.95. Meanwhile, promoters of Kellton Tech Solutions sold nearly 31 lakh shares of the company. The stock closed with gains of 0.32 per cent following the transactions.
06:27 PM

Sebi says working group submits report on SSE

The Securities and Exchange Board of India (Sebi) said on Monday the working group has submitted the report on Social Stock Exchanges (SSE) including a recommendation that non-profit organizations can directly list on such exchanges through issuance of bonds. Sebi invited comments from the public on the report by June 30.
06:10 PM

Insider trading: Ajanta Pharma, Kellton Tech

Promoters of Ajanta pharma pledged 95,000 shares following which the shares of the company dropped 4.64 per cent to Rs 1452.95. Meanwhile, promoters of Kellton Tech Solutions sold nearly 31 lakh shares of the company. The stock closed with gains of 0.32 per cent following the transactions.
05:42 PM

Banks seem unstoppable

Nifty Bank index, which comprises 12 stocks, rose for the fifth session making it the longest winning streak since November 2019. All constituent stocks closed in the green with Bank of Baroda jumping over 9 per cent to Rs 42.60 while PNB and IDFC First Bank gained about 8 per cent each. RBL Bank and SBI were among the other top gainers in the index.
05:26 PM

Broader indices outperform

Nifty Smallcap index logged gains for the fifth straight session, jumping 3.21 per cent, while Nifty Midcap rose for the fifth consecutive session, adding 3.10 per cent. It was the latter’s longest gaining streak since January. The Nifty 500 rose 2.53 per cent against Nifty’s 2.57 per cent.
05:04 PM

Nifty forms Shooting Star pattern, signalling profit taking ahead

Rahul Sharma of JM Financial Services said market breadth has improved considerably and Nifty50 could aim for the five-figure mark of 10,000. "Technically, Nifty has support at 9,700 level and resistance at 9,900 and 10,200 levels. Traders are advised to use trailing stop losses for longs and utilise dips as buying opportunities," he said.
04:46 PM

Mahindra Finance to raise up to Rs 3,500 crore via rights issue

Mahindra and Mahindra Financial Services Ltd (Mahindra Finance) on Monday said it will raise up to Rs 3,500 crore through rights issue of shares. The board of directors in its meeting on Monday considered and approved a fundraising of up to Rs 3,500 crore through rights issue, Mahindra Finance said in a regulatory filing.
04:24 PM

Maintain positive yet cautious approach in market: Religare Broking

"The recent surge indicates that markets are focusing more on the optimistic side and anticipating a favorable scenario. We suggest maintaining a positive yet cautious approach as Nifty has again reached closer to the next resistance zone of 9,950-10,050. Besides, the continuous spikes in the COVID-19 cases and subdue earnings may cap the upside ahead. On the global front, further deterioration in the US – China relations is another important factor that could unsettle the global markets. In short, traders should use a further surge to liquidate aggressive longs around the hurdle and wait for any dip to reenter," says Ajit Mishra, VP - Research, Religare Broking .
03:40 PM

CLOSING BELL: Bulls unlocked! Sensex rallies 879 pts, Nifty zips past 9,800; Bajaj Finance surges 10%, Titan 7%

  • RIL, financials lead market rally
  • 25 of 30 Sensex stocks end the day in the green
  • Index contributors: RIL, HDFC Bank, HDFC, TCS, Bajaj Fin
  • Top Index gainers: Bajaj Fin (10.41%), Titan (7.70%), Tata Steel (6.74%)
  • Top Index losers: Nestle (2.14%), Ultra Cement (2.10%), Sun Pharma (1.99%)
  • All BSE sectoral indices end the day in the green
  • S&P BSE CONSUMER DURABLES biggest sectoral gainer, up 6.56%
  • S&P BSE Healthcare biggest sectoral loser, up 0.41%
  • Volume toppers: Bajaj Fin, RIL, SBI HDFC, Axis Bank
CLOSING BELL: Bulls unlocked! Sensex rallies 879 pts, Nifty zips past 9,800; Bajaj Finance surges 10%, Titan 7%
03:21 PM

Madhusudan Kela on what will determine your long-term success in stock markets

Ultimately you need to understand what the environment is but what kind of capital you are allocating at what point of time in what kind of sector will really determine your long-term success.
Madhusudan Kela on what will determine your long-term success in stock markets
02:19 PM

Normalcy has returned in debt markets & mutual funds: Amfi

02:11 PM

Most NBFC stocks trading in the green; Bajaj Finance surges 9%, Chola Inv 6%, HDFC 5%

Price as on 01 Jun, 2020 02:11 PM, Click on company names for their live prices.
01:51 PM

Anand Rathi has a buy call on Dilip Buildcon,target price Rs 368

Price as on 01 Jun, 2020 01:51 PM, Click on company names for their live prices.
01:41 PM

Saudi Arabia may raise July oil prices to Asia: Survey

Top oil exporter Saudi Arabia is expected to raise its official selling price (OSP) for all grades it sells to Asia in July, to track a jump in Middle East benchmarks although overall weak refining margins could cap price gains, industry sources said.
01:21 PM

Here are the top gainers and losers in the pharma space.

Price as on 01 Jun, 2020 01:21 PM, Click on company names for their live prices.
01:16 PM

M&M Financial approves raising Rs 3,500 cr via rights issue; stock up 9%

01:15 PM

Adani Ports raises Rs 100 crore through NCDs

Adani Ports and Special Economic Zone (APSEZ) on Monday said it has raised Rs 100 crore through allotment of NCDs on a private placement basis. The 1,000 non convertible debentures (NCDs) allotted were of the face value of Rs 10 lakh each, it said in a BSE filing.
01:11 PM

MCX to snip salaries, director fees to battle Covid-induced slowdown

There will also be a cut in Board related expenses i.e. travelling/boarding and lodging, etc, reduction in marketing, business promotion and advertisement expenses.
01:01 PM

Here are the top gainers in the power sector

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

Track the movement of the 30-pack Sensex in the morning session

Track the movement of the 30-pack Sensex in the morning session
12:18 PM

Nifty trades at highest level since March 13

Nifty trades at highest level since March 13
12:01 PM

Commodity outlook: Crude oil leaps; here's how others may fare

Crude oil may trade in sideways territory where Rs 2,680 act as resistance and hold above that to extend the bullish rally towards Rs 2,820 and 2,370 considered as support.
Commodity outlook: Crude oil leaps; here's how others may fare
11:42 AM

Here are the top gainers in the tourism and hospitality sector; all stocks trading in the green. Chalet Hotel surges 14%, EIH, IHC 8% each.

Price as on 01 Jun, 2020 11:42 AM, Click on company names for their live prices.
11:31 AM

S&P BSE Industrials gains over 3%. This is how the index stocks are trading

S&P BSE Industrials gains over 3%. This is how the index stocks are trading
11:22 AM

COVID-19 impact: Aster DM Healthcare sees 35% fall in India, gulf revenues

Aster DM Healthcare on Monday said it witnessed approximately 35 per cent fall in revenue for India and Gulf Cooperation Council (GCC) businesses in April as compared to same month last year due to the impact of COVID-19 on operations. "The business operation of April was impacted significantly due to COVID-19. Improvements in performance are expected to start by Q2 of FY 2021 and we hope to cover up lost ground and achieve near normalcy by H2 of FY 2021," the company said in a filing to BSE.
11:11 AM

S&P BSE REALTY up 4%; all index stocks trading in the green.

Price as on 01 Jun, 2020 11:11 AM, Click on company names for their live prices.
10:57 AM

India's factory slump deepens in May, headcount slides: PMI

India’s factory activity contracted sharply in May following a historic decline in April as a government-imposed lockdown to control the coronavirus hammered demand, a survey showed, leading firms to cut jobs at the fastest pace on record. The Nikkei Manufacturing Purchasing Managers’ Index, compiled by IHS Markit, increased to 30.8 last month from April’s record low of 27.4, still well below the 50-mark separating growth from contraction. (Source: Reuters)
India's factory slump deepens in May, headcount slides: PMI
10:50 AM

BSE Telecom index in the green but worst performer among other sectors

BSE Telecom index in the green but worst performer among other sectors
10:47 AM

Vodafone Idea shares slips 8%; should you buy on dips?

Shares of Vodafone Idea slipped 8 per cent in Monday’s early trade after the telecom player on Friday clarified that there is no proposal at present from tech major Google to acquire a stake in the company. However, it is evaluating opportunities for enhancing the stakeholders’ value.

Siddhartha Khemka, Head of Retail Research, MOSL said, “For Vodafone, the stock price will move up or down based on the news flows but it is best avoided in the current environment.”
10:43 AM

Rupee opens 27 paise up at 75.35 against dollar

The dollar slipped as investors looked past unrest in the United States to the global economic recovery from the coronavirus and hoped for an easing in Sino-US tensions. The dollar index was down 0.33 per cent at 98.
Rupee opens 27 paise up at 75.35 against dollar
10:33 AM

Maruti records 86% slump in May sales at 18,539 units

The country's largest carmaker Maruti Suzuki India (MSI) on Monday reported a 86.23 per cent decline in total sales at 18,539 units in May. The company had sold 1,34,641 units in May last year, MSI said in a statement. Domestic sales declined by 88.93 per cent to 13,888 units last month, as against 1,25,552 units in May 2019, it added.

The auto major said it has resumed manufacturing operations post lockdown, strictly in accordance with the government regulations and guidelines, from May 12 at its Manesar facility and from May 18 at its Gurugram facility.
Maruti records 86% slump in May sales at 18,539 units
10:28 AM

S&P BSE CONSUMER DURABLES biggest sectoral gainer, up nearly 5; Voltas surges 10%, VIP 7%. This is how the index stocks are doing

S&P BSE CONSUMER DURABLES biggest sectoral gainer, up nearly 5; Voltas surges 10%, VIP 7%. This is how the index stocks are doing
10:27 AM

IDBI Bank shares jump 20% on Q4 turnaround

Shares of IDBI Bank surged 20 per cent in Monday's trade after the lender reported profit after 13 quarters of losses. Reports suggesting that the government may delay stake sale in the lender beyond March 2021, due to depressed valuation, also supported the stock.
10:09 AM

New support range for this market would be 9,450-9,500: Deen Dayal Investments

"The Nifty played opened with a jubilant gap up above 9,700 and achieved 9,800 in no time. We should now be trading for 9,950-10,000 levels. The new support range for this market would be 9,450-9,500," said Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments.
10:05 AM

Escorts reports 3.4% fall in tractor sales in May

Farm equipment and engineering major Escorts on Monday reported a 3.4 per cent decline in total tractor sales at 6,594 units in May.
09:52 AM

BSE Bankex jumps 4%, biggest sectoral gainer; all index constituents in the green

BSE Bankex jumps 4%, biggest sectoral gainer; all index constituents in the green
09:38 AM

Top Sensex contributors in early trade

Top Sensex contributors in early trade
09:24 AM

Vodafone Idea, SBI, BHEL among most active stocks on NSE

Price as on 01 Jun, 2020 09:24 AM, Click on company names for their live prices.
09:21 AM

OPENING BELL: Sensex rallies 800 points, Nifty tops 9,800; IDBI Bank soars 19%, NCC gains 10%

OPENING BELL: Sensex rallies 800 points, Nifty tops 9,800; IDBI Bank soars 19%, NCC gains 10%
09:03 AM

Pre-open session: Sensex climbs 425 points, Nifty tops 9,750

07:52 AM

SGX Nifty signals strong start

Nifty futures on the Singapore Exchange traded 171.25 points, or 1.81 per cent higher at 9,653.50 in signs that Dalal Street was headed for a positive start on Monday.
07:52 AM

Tech view: MACD generates buy signal

Nifty50 has been forming higher highs and lows for the past few sessions and analysts do not see the positive trend reversing unless a bout of selling takes the index below the 9,300 level in the near term. MACD alos generated a fresh ‘buy’ signal on the daily chart, following Friday’s price action.
07:51 AM

Q4 results today

V-Guard Industries, Orient Electric, Acewin Agriteck, Birla Cable, Ultramarine and Pigments are slated to announce their March quarter results today.
07:51 AM

FIIs buy Rs 1461 cr worth of stocks

Net-net, foreign portfolio investors (FPIs) were buyers of domestic stocks to the tune of Rs 1,460.71 crore on Friday, data available with NSE suggested. DIIs were net buyers to the tune of Rs 967.43 crore, data suggests.
07:17 AM

Crude prices fall on concerns of US riots

Oil prices fell due to concerns about riots in major US cities that could staunch demand after trading higher on optimism that OPEC would extend or enhance production cuts at a meeting in June. Brent crude traded down 16 cents a barrel at $37.68 a barrel, in the first day of August trading as the front month. The August contract climbed $1.81, or roughly 5 per cent, on Friday.
07:16 AM

Asian shares off to cautious start

Asian share markets started on a cautious note and gold gained on Monday as images of riots in burning U.S. cities unnerved investors already tense over Washington's power struggle with Beijing. E-Mini futures for the S&P 500 retreated 0.5% in early action, while gold rose 0.77% to $1,739 an ounce. MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.2%, as did Japan's Nikkei.
07:14 AM

Unlock 1.0: Phased exit from Covid-19 lockdown begins today

Amid the rising number of Covid-19 infection cases in the country, India on Monday beings phase-wise unlocking of the coronavirus-induced nationwide lockdown. The Central government has extended the ongoing lockdown till June 30 in containment zones and decided to open all activities in non-containment zones in a phased manner.
07:10 AM

US stocks closed mixed on Friday

US stocks closed mixed as Wall Street pored through a slew of economic data. On Friday, the Dow Jones Industrial Average fell 17.53 points, or 0.07 per cent, to 25,383.11. The S&P500 rose 14.58 points, or 0.48 per cent, to 3,044.31. The Nasdaq Composite Index was up 120.88 points, or 1.29 per cent, to 9,489.87,
07:09 AM

Sensex, Nifty rise for 3rd day

On Friday, Sensex closed at 32,424.10, higher by 223.51 points or 0.69 per cent from the previous close of 32,200.59. It had opened at 32,041.29 and touched an intra-day high of 32,480.52 and a low of 31,823.80. The Nifty50 closed at 9,580.30, higher by 90.20 points or 0.95 per cent from the previous close.
07:05 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
Have something to say? Post your comment

Comments are moderated and will be allowed if they are about the topic and not abusive.

Characters remaining (1500)

Other useful Links


Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service

^Go to Top