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| 25 November, 2020, 04:43 AM IST | E-Paper
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Economic Times | 23 Nov, 2020 | 07.20AM IST

Traders' Diary: Nifty may witness weakness if it fails to hold 12,750 level

Financials lead the market rally as 21 of 30 Sensex stocks end the day in the green

!1 New UpdateClick here for latest updates
09:38 PM

Bitcoin rises to three-year peak, all-time high in sight

Bitcoin rose to a three-year high of $18,600 on Friday, up 4.5% on the day and close to its all-time high of just under $20,000.
Bitcoin rises to three-year peak, all-time high in sight
09:14 PM

How Airbnb's CEO succumbed to an IPO he resisted

Airbnb officially reached technology unicorn status in 2011, when it crossed the $1 billion valuation threshold. As Airbnb raised more money from investors, Chesky resisted taking it public. He split his time between running the company, visiting properties and developing experiences for guests.
How Airbnb's CEO succumbed to an IPO he resisted
08:55 PM

Did the RBI just spell good news for IndusInd Bank?

The group proposed a uniform shareholding limit at 26% of the paid-up voting equity share capital of the bank for all promoter categories.
Did the RBI just spell good news for IndusInd Bank?
08:11 PM

Dow Jones slips at the open on concerns over fading stimulus

The Dow Jones Industrial Average fell 45.66 points, or 0.15%, at the open to 29,437.57. The S&P 500 opened lower by 2.56 points, or 0.07%, at 3,579.31, while the Nasdaq Composite dropped 12.02 points, or 0.10%, to 11,892.70 at the opening bell.
Dow Jones slips at the open on concerns over fading stimulus
08:03 PM

Daimler India losses halve in FY20; co reports 21% rise in operating profit

The maker of Bharat Benz truck registered a net loss of Rs 109 crore for FY-20 versus Rs 230 crore loss incurred in FY-19. The total revenue for the company slipped 30% to Rs 5,740 crore vs Rs 8,299 crore in FY-19.
Daimler India losses halve in FY20; co reports 21% rise in operating profit
07:09 PM

CCI clears Reliance-Future retail deal despite Amazon's objections

The approval by the Competition Commission of India (CCI) is a setback for U.S. giant Amazon, which has argued that a 2019 agreement it inked with Future prevented the Indian group from selling its retail assets to certain parties, including Reliance - led by Asia's richest man, Mukesh Ambani.
CCI clears Reliance-Future retail deal despite Amazon's objections
06:47 PM

Sebi proposes relaxation in equity dilution norms for large IPO issues

It has been represented that such large issuers already have investments by private equity or other strategic investors, who are classified as public shareholders.
Sebi proposes relaxation in equity dilution norms for large IPO issues
06:28 PM

Market Movers: Vodafone Idea, Bharti Infratel gain up to 18%; Gland Pharma makes strong debut

About 28 stocks on NSE crossed above the signal line of MACD indicator, flashing ‘buy’ signals.
Market Movers: Vodafone Idea, Bharti Infratel gain up to 18%; Gland Pharma makes strong debut
05:55 PM

Gold to outperform equities in near- to medium-term: Marc Faber

Many central banks have started shoring up their gold reserves. So the price of the yellow metal will remain firm, says Marc Faber
Gold to outperform equities in near- to medium-term: Marc Faber
05:42 PM

Tech View: Spinning Top on weekly chart suggests a pause in uptrend

Aditya Agarwala, Senior Technical Analyst at YES Securities, said a Spinning Top on the weekly time frame chart after a bounce suggested a possible pause in the uptrend.
Tech View: Spinning Top on weekly chart suggests a pause in uptrend
05:33 PM

Why the BSE Telecom index jumped 5% today

A day after the announcement about completion of the deal, Bharti Infratel skyrocketed 19.26 per cent to Rs 221.70, after touching an intra-day high of Rs 223.05 on the NSE.
Why the BSE Telecom index jumped 5% today
04:49 PM

F&O: Bulls hold sway in tussle with bears; India VIX sees a rise

Nifty has to hold above 12,750 level to witness a bounce towards 13,000 level, while a hold below the same level can trigger weakness and drag Nifty towards 12,700 and then 12,650 levels.
F&O: Bulls hold sway in tussle with bears; India VIX sees a rise
04:43 PM

​RBI panel in favour of letting well-run large NBFCs convert into banks

Large corporate or industrial houses may be allowed as promoters of banks only after necessary amendments to the Banking Regulation Act, 1949.
​RBI panel in favour of letting well-run large NBFCs convert into banks
03:46 PM

Well-run large NBFCs may be considered for bank conversion: RBI

03:43 PM

This is how the 30-pack Sensex moved in today's session. It touched a high of 44,013.02 and a low of 43,453.75 to finally settle at 43,882.25

This is how the 30-pack Sensex moved in today's session. It touched a high of 44,013.02 and a low of 43,453.75 to finally settle at 43,882.25
03:42 PM

CLOSING BELL: Sensex rises 282 pts; Nifty ends at 12,844; Bajaj Finserv rallies 9%, Titan 5%

  • Financials lead the market rally
  • 21 of 30 Sensex stocks end the day in the green
  • Index contributors: HDFC Bank, Kotak Bank, Bajaj Finance, Bajaj Finserv, Airtel
  • Top Index gainers: Bajaj Finserv (9.08%), Titan (5.40%), Bajaj Finance (3.99%)
  • Top Index losers: RIL (3.58%), IndusInd Bank (1.43%), Sun Pharma (1.03%)
  • All BSE sectoral indices except S&P BSE Energyend the day in the green
  • S&P BSE Telecom biggest sectoral gainer, up 4.73%
  • S&P BSE Energy biggest sectoral loser, down 2.84%
  • Volume toppers: Bajaj Finserv, RIL, Bajaj Finance, SBI, IndusInd Bank
CLOSING BELL: Sensex rises 282 pts; Nifty ends at 12,844; Bajaj Finserv rallies 9%, Titan 5%
03:17 PM

Here are the top gainers in the real estate sector

Price as on 20 Nov, 2020 03:17 PM, Click on company names for their live prices.
03:03 PM

Warren Buffett's firm buying big into drug stocks. Should you too?

While there are concerns as to whether pharma stocks are fully pricing in a Covid windfall, analysts suggest Indian pharma isn’t just a Covid theme, but beyond that.
Warren Buffett's firm buying big into drug stocks. Should you too?
02:51 PM

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

Price as on 20 Nov, 2020 02:51 PM, Click on company names for their live prices.
02:42 PM

2020 witnessed once in a century swings in markets: Morgan Stanley

Global equities and economies saw a drastic fall this year as Covid pandemic and lockdowns implemented in many large economies including India.
2020 witnessed once in a century swings in markets: Morgan Stanley
02:19 PM

S&P BSE Telecom biggest sectoral gainer, up 3%. This is how the index stocks are faring

S&P BSE Telecom biggest sectoral gainer, up 3%. This is how the index stocks are faring
02:18 PM

All sectoral indices except S&P BSE Energy trading in the green

02:16 PM

Here are top stocks that are contributing to Sensex's gains

Here are top stocks that are contributing to Sensex's gains
01:58 PM

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

Forex Center: This is how major currencies are faring against each other
01:46 PM

L&T Finance invokes shares of three Essel Group companies

L&T Finance Ltd has invoked shares of three Essel Group companies -- Zee Media Corporation, Zee Learn and Siti Network Ltd -- and appropriated them against loan outstanding amount. As per regulatory filings, L&T Finance invoked and appropriated against loan outstanding amount 1.24 crore shares constituting 2.65 per cent stake of Zee Media Corporation on November 18. L&T Finance also invoked and appropriated against loan outstanding amount 96.02 lakh shares constituting 2.94 per cent stake of Zee Learn on November 18.
01:22 PM

ETMarkets Webinar: Is it time to look beyond largecaps?

01:07 PM

Top 5 gainers & losers in the pharma sector

Price as on 20 Nov, 2020 01:07 PM, Click on company names for their live prices.
12:54 PM

BSE may sell minority stake in StAR MF, shares jump 4%

Leading stock exchange BSE is mulling to sell a minority stake in its mutual fund distribution platform StAR MF, ET NOW reported quoting sources. The report further added that ICICI Securities has been appointed as banker to the transaction.
12:46 PM

Bharti Infratel rallies 11% after completing merger with Indus Towers

Shares of Bharti Infratel advanced 11 per cent in Friday’s intraday trade after the company said its proposed merger with Indus Towers to create a mega tower company has been completed. The scrip traded 11.40 per cent higher at Rs 206.90 at around 12.22 pm (IST), while the benchmark BSE Sensex traded 0.03 per cent down at 43,586 at around the same time.
12:40 PM

Kalpataru to invest Rs 350 cr to build over 200 premium flats in Mumbai

Realty firm Kalpataru Ltd will invest Rs 350 crore over the next three years to develop a premium housing project in Mumbai as it sees revival in demand supported by lower home loan interest rates and property prices. Kalpataru Ltd, which is part of diversified business house Kalpataru group, on Friday said it has started the second phase of its housing project 'Kalpataru Vienta' in Kandivali (East), Mumbai.
12:22 PM

Gland Pharma IPO had a strong listing at Rs. 1720 (Issue Price was Rs. 1500). It is a niche player, focused on injectables. It has proven track record of growth and profitability along with a consistent regulatory compliance history. It has never received a negative USFDA report. The future prospects are bright as it has 267 ANDA filings of which 215 are approved. Pharma sector is in focus and given its strong fundamentals and promising future, there is lot of investment interest.

- Hemang Jani, Motilal Oswal Financial Services

12:09 PM

Lakshmi Vilas Bank shares slump further, hit 52-week low value

Shares of Lakshmi Vilas Bank slumped further and fell 10 per cent to hit a new 52-week low value in early trade on Friday as investor sentiment remained cautious. This is also the fourth consecutive session of loss for the Lakshmi Vilas Bank (LVB) stock as investor sentiment was spooked after the government placed the lender under a one-month moratorium and superseded its board. On BSE, the shares plunged 9.55 per cent to hit lower circuit limit of Rs 9.
12:00 PM

Vodafone Idea climbs 5% on receiving Rs 3,760 crore from Indus stake sale

Shares of Vodafone Idea surged 5 per cent in Friday's trade after the debt-ridden company received about Rs 3,760 crore cash for its 11.15 per cent holding in Indus Towers following its merger with Bharti Infratel. The stock rose 4.63 per cent to hit a high of Rs 9.70 on BSE. Shares of Bharti Infratel gained 7.58 per cent to Rs 199.50
11:34 AM

Top gainers on NSE at this hour

Price as on 20 Nov, 2020 11:34 AM, Click on company names for their live prices.
11:14 AM

Sensex erases gains, slips into the red

The BSE barometer Sensex reversed opening gains and slipped into the red amid losses in RIL and bank stocks. Overnight cues from US markets were also tepid and weighed on the market sentiments back home.
Sensex erases gains, slips into the red
10:44 AM

Rupee rises 12 paise to 74.15 against US dollar in early trade

The rupee appreciated 12 paise to 74.15 against the US dollar in opening trade on Friday, supported by positive opening in domestic equities and weakness in American currency. At the interbank forex market, the domestic unit opened at 74.15 against the US dollar, registering a rise of 12 paise over its previous close. On Thursday, the rupee had settled at 74.27 against US dollar.
10:31 AM

Top 5 gainers from the real estate sector

Price as on 20 Nov, 2020 10:31 AM, Click on company names for their live prices.
10:10 AM

Gland Pharma lists at 14% premium over issue price

Gland Pharma made a strong market debut on Friday as the scrip got listed at Rs 1,710 on NSE, a 14 per cent premium over its issue price of Rs 1,500. On BSE the scrip got listed at Rs 1,701, up 13.40 per cent.
09:23 AM

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

Price as on 20 Nov, 2020 09:23 AM, Click on company names for their live prices.
09:22 AM

OPENING BELL: Sensex jumps 275 points, Nifty nears 12,850; J&K Bank rallies 11%, DB Corp 6%

OPENING BELL: Sensex jumps 275 points, Nifty nears 12,850; J&K Bank rallies 11%, DB Corp 6%
09:04 AM

Pre-open session: Sensex edges 30 points lower, Nifty tests 12,750

07:45 AM

S&P futures drop on Mnuchin comment

S&P500 futures were trading 0.66 per cent lower at 3,555.88 on Friday after Treasury Secretary Steven Mnuchin asked the Fed to return money earmarked under the March pandemic relief act for emergency lending to businesses, nonprofits and local governments, marking an end on December 31 to most of the crisis-response programs.
07:45 AM

Gland Pharma to make market debut today

Gland Pharma, whose IPO ran from November 9 to November 11, will make the market debut today. The issue, sold in the Rs 1,490-1,500 range, was subscribed mere 2.06 times in the three-day bidding process with HNI and retail quotas largely remaining undersubscribed.
07:24 AM

SGX Nifty signals positive start

Nifty futures on the Singapore Exchange traded 28.50 points, or 0.22 per cent, higher at 12,802.50, in signs that Dalal Street was headed for a positive start on Friday.
07:23 AM

Oil slips a second day as coronavirus cases spiral

US oil prices slipped on Friday, dropping for a second day as concerns mounted about the hit to demand from the surge in COVID-19 infections forcing new lockdowns, but prices were supported by signs of movement on a stimulus deal in Washington. West Texas Intermediate was down 9 cents, or 0.2%, at $41.65 a barrel.
07:23 AM

Tech view: Nifty forms Shooting Star

Analysts said the index was facing tough resistance in the 12,900-950 range and the formation of this candle after a couple of Hanging Man patterns suggests weakness ahead. The 12,600 level looks likely, they said. On the upside, Nifty50 has a hurdle at 12,900 level, they said..
07:21 AM

Asian shares mixed in early trade

Asian shares staged a mixed open and futures for the S&P 500 fell 0.66%, erasing the firmer lead from a strong Wall Street session overnight. Australia's S&P/ASX 200 rose 0.44 per cent in early trading, while Hong Kong's Hang Seng index rose 0.22 per cent. Japan's Nikkei opened 0.6 per cent lower. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.11% per cent.
07:19 AM

Covid hospitalisation in US up 50% in 2 weeks

The number of people hospitalized with COVID-19 in the United States has jumped nearly 50% in the last 14 days, straining the nation's healthcare system and forcing states to impose new restrictions to curb the alarming spread of the coronavirus.
07:19 AM

US jobless claims rise to 7,42,000

New filings for unemployment benefits in the United States climbed to 742,000 last week, the Labor Department said Thursday, reversing their recent decline amid a surge in Covid-19 cases. The data also showed 320,237 people applying for benefits under a special program for workers who aren't normally eligible, while the level of claims reported in the week ended November 7 was revised slightly upwards.
07:19 AM

FPIs buy Rs 1,180 cr worth of stocks

Net-net, foreign portfolio investors (FPIs) were buyers of domestic stocks to the tune of Rs 1,180.61 crore, data available with NSE suggested. DIIs were net sellers to the tune of Rs 2,854.94 crore, data suggests.
07:17 AM

US stocks settled higher

US stocks ended in positive territory on Thursday as fresh stimulus hopes buoyed investor sentiment toward the end of a session fraught with worries over mounting shutdowns and layoffs linked to spiraling COVID-19 infection rates. The Dow Jones Industrial Average rose 44.81 points, or 0.15 per cent, to 29,483.23, the S&P 500 gained 14.08 points, or 0.39 per cent, to 3,581.87 and the Nasdaq Composite added 103.11 points, or 0.87 per cent, to 11,904.71.
07:14 AM

Rupee settles 8 paise lower against US dollar

The rupee depreciated 8 paise to settle at 74.27 (provisional) against the US dollar on Thursday, tracking muted domestic equities and strong American currency. At the interbank forex market, the domestic unit opened at 74.28 against the US dollar and touched an intra-day high of 74.22 and a low of 74.33. It finally closed at 74.27 against the greenback, registering a fall of 8 paise over its previous close.
07:14 AM

Sensex, Nifty on Thursday

Equity benchmark Sensex plunged 580 points on Thursday, tracking heavy profit-booking in financial stocks amid a weak trend in global markets. After briefly touching its record intra-day high of 44,230 in a volatile session, the 30-share BSE index ended 580.09 points or 1.31 per cent lower at 43,599.96. Similarly, the broader NSE Nifty hit a fresh intra-day peak of 12,963, before ending 166.55 points or 1.29 per cent lower at 12,771.70.
07:13 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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