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Economic Times | 03 Dec, 2020 | 09.01AM IST

Traders' Diary: Nifty has major support at 12,800 level

Financials lead the market fall as 22 of 30 Sensex stocks end the day in the green

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

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

According to Nagaraj Shetti, Technical Research Analyst, HDFC Securities, the short-term trend of Nifty continues to be positive with rangebound action.
Ahead of Market: 12 things that will decide stock action on Thursday
08:52 PM

Indian taxman comes sniffing as bitcoin hits an all-time high

India’s tax department is closely monitoring the cryptocurrency prices and tracking investors who are exiting after bitcoins hit a three-year high of $20,000.
Indian taxman comes sniffing as bitcoin hits an all-time high
08:30 PM

Record market rally opens NFO floodgate. Should you invest?

“Due to the rise in the markets, the past returns for one- and three-year periods are looking good,” said Amol Joshi, founder, Plan Rupee.
Record market rally opens NFO floodgate. Should you invest?
08:15 PM

Dow Jones slips as monthly private payrolls disappoint

The Dow Jones Industrial Average fell 128.83 points, or 0.43%, at the open to 29,695.09. The S&P 500 opened lower by 8.67 points, or 0.24%, at 3,653.78, while the Nasdaq Composite dropped 69.36 points, or 0.56%, to 12,285.75 at the opening bell.
Dow Jones slips as monthly private payrolls disappoint
08:10 PM

Disinvestment-bound BPCL slowest capital spender among oil PSUs

Between April and October, BPCL spent just 35% of its capex target of Rs 9,000 crore for the year while Oil India spent 47% of its target of Rs 3,877 crore.
Disinvestment-bound BPCL slowest capital spender among oil PSUs
07:49 PM

Is it time to make that tactical allocation back to midcaps?

One of the most distinguished characteristic of companies in this segment is higher growth rates compared with their larger peers. Investors have always flocked to this category of stocks in anticipation of higher returns given their potential to report increased profitability and market share gains.
Is it time to make that tactical allocation back to midcaps?
07:30 PM

Burger King IPO subscribed more than 3 times on Day 1

The Rs 810-crore Burger King IPO was subscribed more than three times on Day 1 of the bidding process on Wednesday. The issue received bids for 23,32,00,750shares, which was 3.13 times the issue size of Rs 7,44,91,524 shares.
Burger King IPO subscribed more than 3 times on Day 1
07:01 PM

Tech View: Nifty forms 'Dragonfly Doji' as bulls, bears fight for upper hand

Nifty50 seems to be in a no-trade zone, as is evident from the fact that neither the bulls nor the bears were being able to have an upper hand by the end of the session, said Mazhar Mohammad of Chartviewindia.in.
Tech View: Nifty forms 'Dragonfly Doji' as bulls, bears fight for upper hand
06:23 PM

F&O: Nifty forming higher highs & lows; falling VIX helping bulls

The index has been forming higher highs and lows since last three sessions. Now, it has to hold above 12,950 level to witness a bounce towards 13,250 level. On the downside, a major support exists at 12,800 level.
F&O: Nifty forming higher highs & lows; falling VIX helping bulls
05:52 PM

Sebi issues guidelines for transfer, dematerialisation of re-lodged physical shares

Shares in demat form would help in maintaining a transparent record of shareholding of companies amid rising concerns over beneficial ownership of entities.
Sebi issues guidelines for transfer, dematerialisation of re-lodged physical shares
05:20 PM

Investors are dumping their bonds at a discount to avoid an LVB-like fate

Brokerages ET spoke with said that they have received several requests from investors wanting to exit AT1 and tier 2 exposures of smaller banks at 15-20% discount.
Investors are dumping their bonds at a discount to avoid an LVB-like fate
04:50 PM

39% of debt maturing in 2022 pertains to speculative-grade issuers: Moody’s

Many companies that are issuing high yield bonds may continue to face significant financing risks even going ahead as Indian economy grapples with Covid pandemic induced problems.
39% of debt maturing in 2022 pertains to speculative-grade issuers: Moody’s
04:49 PM

Sensex ends flat, Nifty holds 13,100 amid profit booking in banking stocks

GAIL emerged as the top bluechip gainer for the second day.
03:51 PM

RBI'S MPC starts deliberation on policy rate

After its last MPC meeting in October, RBI kept policy rates unchanged to help tame inflation that in the recent times has surged past 6 percent mark.
RBI'S MPC starts deliberation on policy rate
03:48 PM

China's Ant Group considering sale of its 30% stake in Paytm: Sources

Ant first invested in Paytm in the year 2015 and currently owns 30% stake
03:45 PM

This is how the 30-pack Sensex moved in today's session. It touched a high of 44,729.64 and a low of 44,169.97 to finally settle at 44,618.04

This is how the 30-pack Sensex moved in today's session. It touched a high of 44,729.64 and a low of 44,169.97 to finally settle at 44,618.04
03:44 PM

CLOSING BELL: Sensex recovers 450-odd pts from day's low, ends 37 pts lower; Nifty above 13,100; ONGC, Asian Paints gain 4% each

  • Financials lead the market fall
  • 22 of 30 Sensex stocks end the day in the green
  • Index contributors: HDFC Bank, Kotak Bank, HDFC, ICICI Bank, Bajaj Finance
  • Top Index gainers: ONGC (4.11%), Asian Painta (3.74%), Titam (3.48%)
  • Top Index losers: Kotak Bank (3.28%), HDFC Bank (1.86%), HDFC (1.28%)
  • All BSE sectoral indices except bankex and finance end the day in the green
  • S&P BSE REALTY biggest sectoral gainer, up 3.05%
  • S&P BSE BANKEX biggest sectoral loser, down 1.29%
  • Volume toppers: SBI, Tata Steel, Bajaj Fin, Airtel, ITC
CLOSING BELL: Sensex recovers 450-odd pts from day's low, ends 37 pts lower; Nifty above 13,100; ONGC, Asian Paints gain 4% each
03:26 PM

Government trims SUUTI’s stake in Axis Bank

SUUTI offloaded 36,25,075 shares of Axis Bank between November 26-27, bringing its stake in the lender down to 4.12 per cent from 4.24 per cent earlier.
Government trims SUUTI’s stake in Axis Bank
03:11 PM

NSE launches its first agricultural commodity futures contract

One of the premier edible oil refiner, and the day one recorded trading of more than 4,200 tonnes with turnover exceeding Rs 44.67 crore indicating positive interest of market participants in the CDSO Futures.
02:49 PM

Here are the top gainers and losers in the pharma space

Price as on 02 Dec, 2020 02:49 PM, Click on company names for their live prices.
02:27 PM

Why Sundaram Mutual is an anchor investor in Burger King IPO

Post Covid, the sector which got most affected was the entertainment and food industry. We expect a sharp revival in that segment, says Sunil Subramaniam, MD & CEO, Sundaram Mutual.
Why Sundaram Mutual is an anchor investor in Burger King IPO
02:05 PM

BSE Realty index up over 2%. Here are the top gainers

Price as on 02 Dec, 2020 02:05 PM, Click on company names for their live prices.
01:53 PM

S&P BSE BANKEX biggest sectoral loser, down over 500 points. This is how the index stocks are faring

S&P BSE BANKEX biggest sectoral loser, down over 500 points. This is how the index stocks are faring
01:52 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
01:43 PM

Sensex down over 400 points, Nifty below 13,000; financial stocks bleed. Here are the top stocks dragging the 30-pack index lower

Sensex down over 400 points, Nifty below 13,000; financial stocks bleed. Here are the top stocks dragging the 30-pack index lower
01:30 PM

Here are the top gainers in the tourism and hospitality sector

Price as on 02 Dec, 2020 01:30 PM, Click on company names for their live prices.
01:20 PM

GAIL continues to be top blue chip gainer for another day

Price as on 02 Dec, 2020 01:20 PM, Click on company names for their live prices.
12:39 PM

Pfizer vaccine approved in the UK; to be available for use from next week: Agencies

12:30 PM

Burger King IPO sails through thanks to high retail interest

Burger King IPO sails through thanks to high retail interest
11:58 AM

Up 341% YTD, this midcap pharma stock has just got more attractive

The company last week acquired 73 per cent stake in Richcore Lifesciences, which analysts believe was at an attractive valuation and will provide capabilities in high growth areas of recombinant proteins, enzymes and biological contract development and manufacturing.
10:56 AM

Metals continue to shine...

Price as on 02 Dec, 2020 10:56 AM, Click on company names for their live prices.
10:10 AM

Uttar Pradesh Govt’s first Rs 200 cr Lucknow Municipal Bond lists on BSE

The Lucknow Municipal Corporation which raised Rs 200 crore via Municipal Bonds on private placement basis using the BSE bond platform listed on the exchange today. It received 21 bids and subscribed by 4.5 times. Corporation received bids for issue size of Rs 200 crore within 60 seconds of the issue opening, which opened for subscription on November 13, 2020. It’s one of the 8 cities in India that have capitalized on the new guidelines to fund the AMRUT and Smart Cities Mission to raise an aggregate of Rs 3,690 crore as per Govt released data.
Uttar Pradesh Govt’s first Rs 200 cr Lucknow Municipal Bond lists on BSE
10:07 AM

Burger King IPO kicks off: Should you subscribe?

Burger King India's Rs 810 crore IPO kicked off on Wednesday. The issue, which is being sold in Rs 59-60 range, consist of a fresh issue of Rs 450 crore and an offer for sale (OFS) of up to 6 crore shares, aggregating Rs 360 crore at the upper limit of the price band. Retail investors, who are willing to invest in the IPO can buy a lot of 250 shares and a maximum of 3,250 shares.
09:51 AM

JP Morgan remains neutral on RIL with target at Rs 1,990

Price as on 02 Dec, 2020 09:51 AM, Click on company names for their live prices.
09:21 AM

Sensex at open

Sensex at open
09:02 AM

Pre-open session: Sensex gains 100 points, Nifty at 13,135

07:24 AM

SGX Nifty signals tepid start

Nifty futures on the Singapore Exchange traded 19.5 points, or 0.15 per cent, lower at 13,131.50, in signs that Dalal Street was headed for a tepid start on Wednesday.
07:22 AM

Tech View: Nifty hurdle near 13,250

Nifty50 closed near its all-time high of 13,145 level on Tuesday. The index formed a bullish candle on the daily chart, which resembled a Hanging Man candle. It also formed a higher high and low for the second straight session. That said, analysts believe a decisive bounce is unlikely for the index unless it takes out the 13,250 level.
07:21 AM

Burger King India IPO to kick off today

Burger King India is all set to open its initial public offer (IPO) on Wednesday. The Rs 810 crore offer would comprise of Rs 450 crore of fresh issue and offer for sale of up to 6 crore shares equity shares by promoter QSR Asia and would be sold in Rs 59-60 price range. At the upper price band, OFS is valued at Rs 360 crore.
07:21 AM

RBI policy review to begin today

The RBI's MPC will review its money policy on December2-4. The central bank is best served by maintaining the policy approach outlined in the October statement, even as it likely acknowledges some optimistic turn in growth indicators and sticky inflation, investment banker Barclays said last week. "We expect the RBI's monetary policy committee to keep rates steady, even though we expect its inflation and growth forecasts to be revised higher," Barclays said.
07:18 AM

Oil prices drop on US stock build

Oil prices extended losses on Wednesday, hit by a surprise build in oil inventories in the United States and as OPEC and its allies left markets in limbo by delaying a formal meeting to decide whether to increase output in January. Brent crude oil futures were down by 27 cents, or 0.6 per cent, at $47.15 a barrel, while West Texas Intermediate crude was down by 29 cents, or 0.7 per cent, at $44.26.
07:17 AM

Asian markets mixed in early trade

Asian markets were mixed on Wednesday even as Wall Street indices closed at record highs. MSCI's gauge of stocks across the globe gained 0.09 per cent. In early trade, Australia's S&P ASX 200 rose about 0.11 per cent. Nikkei 225 index fell 0.17 per cent while Hong Kong's Hang Seng index declined 0.41 per cent.
07:14 AM

Wall Street stocks hit record highs

The S&P 500 index closed up 1.1 percent at 3,660 on Tuesday after hitting a record high at 3,678. The Nasdaq Composite Index, which counts on the performance of US tech stock giants such as Facebook, Apple, Amazon, Netflix and Google, settled up 1.3 per cent at 12,355 after an all-time high of 12,405. The Dow Jones Industrial Average rose 0.6 per cent to 29,824.
07:12 AM

Rupee soars 37 paise to end at 73.68 against dollar

The rupee surged 37 paise to settle at 73.68 against the US dollar on Tuesday, buoyed by foreign fund inflows into domestic equities. At the interbank forex market, the domestic unit opened at 73.93 against the US dollar and witnessed an intra-day high of 73.44 and a low of 73.93.
07:11 AM

Sensex, Nifty on Tuesday

Equity benchmarks surged to lifetime closing highs on Tuesday as better-than-expected GDP data and progress on the COVID-19 vaccine front gave fresh impetus to investor bullishness. The 30-share BSE Sensex zoomed 505.72 points or 1.15 per cent to end at its fresh closing record of 44,655.44. Similarly, the broader NSE Nifty surged 140.10 points or 1.08 per cent to close at its all-time high of 13,109.05.
07:09 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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