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Economic Times | 30 Oct, 2020 | 07.11AM IST

Traders' Diary: Nifty has major support in 11,550-11,500 zone

Financials, L&T and HUL lead the market fall as 21 of 30 Sensex stocks end the day in the red

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09:41 PM

IOC Q2 preview: OMC may post over 100% rise in net profit

Brokerage Prabhudas Lilladher believes that IOC may post 247 per cent growth in profit after tax despite 24.10 per cent fall in sales.
IOC Q2 preview: OMC may post over 100% rise in net profit
09:21 PM

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

Ajit Mishra of Religare Broking said, the traders should remain cautious as there is high uncertainty in global markets due to the recent surge in Covid cases.
Ahead of Market: 12 things that will decide stock action on Friday
09:06 PM

RIL Q2 preview: Profits may dip but Jio and Retail could see sequential improvement

Analysts will also wait and watch company’s take on the legal tussle between Amazon Inc and Future Group, which has put the RIL-Future Group on hold.
RIL Q2 preview: Profits may dip but Jio and Retail could see sequential improvement
07:19 PM

S&P 500, Nasdaq rise at open on upbeat data

The S&P 500 opened higher by 6.54 points, or 0.20%, at 3,277.57 and the Nasdaq Composite gained 59.60 points, or 0.54%, to 11,064.47 at the opening bell. The Dow Jones Industrial Average fell 38.97 points, or 0.15%, at the open to 26,480.98.
S&P 500, Nasdaq rise at open on upbeat data
07:10 PM

Vodafone Idea Q2 Results: Loss narrows down to Rs 7,218 crore; Arpu jumps to Rs 119

Vodafone Idea's revenue from operations declined marginally by 0.49 per cent YoY to Rs 10,791.20 crore.
Vodafone Idea Q2 Results: Loss narrows down to Rs 7,218 crore; Arpu jumps to Rs 119
06:43 PM

Q2 takeaways: Maruti Suzuki misses forecasts, but volumes foretell optimism

It remains to be seen if investors will punish the stock for missing the Street estimates in tomorrow’s trade or will focus on the improvement in demand amid the festive season.
Q2 takeaways: Maruti Suzuki misses forecasts, but volumes foretell optimism
06:30 PM

Tech View: Nifty forms bullish candle after a gap-down opening, respects 11,600

Mazhar Mohammad of Chartviewindia.in said that the index signed off the session with an Inverted Hammer-like formation as it had a long upper shadow and a small candle body.
Tech View: Nifty forms bullish candle after a gap-down opening, respects 11,600
06:17 PM

Market Movers: Jute stocks defy gravity, 36 stocks flash sell signal

Shares of jute companies hogged the limelight after the Cabinet gave nod for 100 per cent jute packaging for food grains and 20 per cent for sugar.
Market Movers: Jute stocks defy gravity, 36 stocks flash sell signal
05:09 PM

F&O: Nifty50 forms bullish candle, but bears keep the pressure high

India VIX moved up 3.19 per cent from 23.28 to 24.02 level. With volatility moving upwards since last four consecutive weeks, the index needs to cool down for the market to stabilise ahead of the US election.
F&O: Nifty50 forms bullish candle, but bears keep the pressure high
04:50 PM

InterGlobe Aviation Q2 results: Net loss widens to Rs 1,195 crore

The airline's total income declined 64.50 per cent YoY to Rs 3,029.2 crore, while EBITDA increased 59.30 per cent to Rs 408.50 crore. “For the quarter, our passenger ticket revenues were Rs 2,208.2 crore, a decrease of 68.9 per cent and ancillary revenues were Rs 506.6 crore, a reduction of 45.5 per cent compared to the same period last year,” the company said.
InterGlobe Aviation Q2 results: Net loss widens to Rs 1,195 crore
03:40 PM

This is how the 30-pack Sensex moved in today's session. It touched a high of 40,010.83 and a low of 39,524.25 to finally settle at 39,749.85

This is how the 30-pack Sensex moved in today's session. It touched a high of 40,010.83 and a low of 39,524.25 to finally settle at 39,749.85
03:39 PM

CLOSING BELL: HDFC twins, L&T drag Sensex 173 pts lower; Nifty ends Oct F&O series at 11,671; Titan, ONGC decline 3% each

  • Financials, L&T and HUL lead the market fall
  • 21 of 30 Sensex stocks end the day in the red
  • Index contributors: HDFC Bank, L&T, HDFC, HUL, Axis Bank, Titan
  • Top Index gainers: Asian Paints (2.79%), UltraTech (1.90%), Kotak Bank (1.08%)
  • Top Index losers: L&T (5.06%), Titan (3.36%), ONGC (2.71%)
  • S&P BSE Energy biggest sectoral gainer, up 0.57%
  • S&P BSE CAPITAL GOODS biggest sectoral loser, down 2.14%
  • Volume toppers: IndusInd Bank, Axis Bank, RIL, Kotak bank, L&T
CLOSING BELL: HDFC twins, L&T drag Sensex 173 pts lower; Nifty ends Oct F&O series at 11,671; Titan, ONGC decline 3% each
03:21 PM

Here are the top gainers and losers in the pharma sector

Price as on 29 Oct, 2020 03:21 PM, Click on company names for their live prices.
03:04 PM

Brokerages downgrade Titan stock post weak Q2 performance

The company on Wednesday reported a net profit of Rs 199 crore for the September quarter, down 37.81% from Rs 320 crore a year ago, while total income dropped 1.72% to Rs 4389 crore. The stock fell over 2% to Rs 1188 in afternoon trade on Thursday.
Brokerages downgrade Titan stock post weak Q2 performance
02:49 PM

Rupee slumps 23 paise, settles below 74/USD level

The rupee continued its downward journey on Thursday, sliding another 23 paise to settle at 74.10 against the US dollar, tracking weak domestic equities and strong American currency amid global risk aversion. At the interbank forex market, the domestic unit opened weak at 74.02 against the greenback, then lost further ground and finally closed at 74.10 against the American currency, showing a fall of 23 paise over its previous close.
Rupee slumps 23 paise, settles below 74/USD level
02:34 PM

Here are the top losers in the real estate sector

Price as on 29 Oct, 2020 02:34 PM, Click on company names for their live prices.
02:19 PM

Maruti Suzuki Q2 results: Net profit flat at Rs 1,372 crore, misses Street estimates

Maruti Suzuki on Thursday reported a 0.95 per cent year-on-year (YoY) growth in net profit at Rs 1,371.60 crore for the quarter ended September 30. Analysts in an ET NOW poll had projected the figure at Rs 1,530 crore. The country’s biggest carmaker had reported a profit of Rs 1358.60 crore for the corresponding quarter last year.
Maruti Suzuki Q2 results: Net profit flat at Rs 1,372 crore, misses Street estimates
01:39 PM

IDBI Bank approves raising up to Rs 6,000 cr via QIP

IDBI Bank approves raising up to Rs 6,000 cr via QIP
01:28 PM

Brokerages raise target prices on Axis Bank post Q2 results

Jefferies, Motilal Oswal, CLSA, IDBI Capital and Kotak Institutional Equities have maintained buy ratings while Credit Suisse maintained outperform rating. JP Morgan upgraded the stock to overweight and Emkay to buy.
Brokerages raise target prices on Axis Bank post Q2 results
01:13 PM

Zydus Cadila gets tentative nod from USFDA to market diabetes drug

Price as on 29 Oct, 2020 01:13 PM, Click on company names for their live prices.
12:49 PM

Top gainers from the FMCG space

Price as on 29 Oct, 2020 12:49 PM, Click on company names for their live prices.
12:23 PM

DRL partners with Dept of Biotechnology for Sputnik V vaccine clinical trials in India

Dr Reddy's Laboratories Ltd on Thursday announced its partnership with Biotechnology Industry Research Assistance Council (BIRAC), Department of Biotechnology (DBT), for advisory support on clinical trials of Sputnik V vaccine in India. According to a press release from the city-based rug make, the partnership will allow Dr Reddy's to identify and use some of BIRAC's clinical trial centres for the vaccine, which are funded under the National Biopharma Mission (NBM), implemented by Project Management Unit-NBM at BIRAC.
12:23 PM

Top losers from the telecom sector

Price as on 29 Oct, 2020 12:23 PM, Click on company names for their live prices.
12:05 PM

Sensex off 400 points from day's low

Sensex off 400 points from day's low
11:36 AM

Cognizant Q3 income down 30% to $348 million

IT major Cognizant has reported about 30 per cent drop in September quarter net income at USD 348 million (around Rs 2,578.3 crore). The US-based company, which posted a net income of USD 497 million in September 2019 quarter, said it expects its FY2020 revenue to be "at the high end of the previously guided range of approximately USD 16.7 billion".
11:30 AM

India's gold demand could recover during fourth quarter on festival shopping: WGC

India's gold demand in the fourth quarter is expected to recover after falling 30% in the previous quarter as festivals are expected to strengthen retail jewellery purchases, the World Gold Council (WGC) said on Thursday.
India's gold demand could recover during fourth quarter on festival shopping: WGC
11:14 AM

Earnings impact...

Price as on 29 Oct, 2020 11:14 AM, Click on company names for their live prices.
11:03 AM

Orient Electric Q2 net up six-fold to Rs 32.42 crore

Orient Electric has reported an over six-fold jump in its net profit to Rs 32.42 crore in the second quarter ended September 30, helped by lower expenses. The CK Birla group firm had posted a net profit of Rs 4.92 crore in the corresponding period of the previous financial year, Orient Electric said in a regulatory filing.
10:53 AM

Top 5 losers from the real estate sector

Price as on 29 Oct, 2020 10:53 AM, Click on company names for their live prices.
10:37 AM

Pidilite to acquire Huntsman Group's Indian subsidiary for Rs 2,100 cr

Pidilite Industries, the manufacturers of the popular Fevicol brand of adhesives, on Thursday agreed to acquire the US-based Huntsman Group's Indian subsidiary for Rs 2,100 crore. Huntsman operates a 100 per cent subsidiary in the country -- Huntsman Advanced Materials Solutions -- which directly competes with Fevicol, as it manufactures and sells adhesives, sealants and other products under brands such as Araldite, Araldite Karpenter and Araseal in the country.
10:15 AM

HAL, Tech Mahindra sign Rs 400 cr contract; Tech M to modernise HAL ERP system

Price as on 29 Oct, 2020 10:15 AM, Click on company names for their live prices.
10:12 AM

YES Securities retains BUY on Axis Bank, raises target price to Rs 586

We retain BUY on Axis Bank and increase price target to Rs 586 (Rs 550 before) underpinned by earnings/BV upgrade. Earnings have been revised upwards by lifting NIM and core-fee growth assumptions. Considering management’s assessment of probable restructuring pool and encouraging collection trends (demand resolution at 97% in Oct), we believe that downside risks to our prevailing credit cost estimates has diminished. Hence, bank’s return ratios will most likely recover sharply in FY22. The stand-alone bank trades at 1.4x FY22 P/ABV, and represents an attractive risk-reward.
10:08 AM

Rupee falls to lowest level against US dollar since Aug 27

Rupee falls to lowest level against US dollar since Aug 27
10:02 AM

We broke the support of 11,650 upon opening itself. Since we opened with a gap down, I would study the markets for the next couple of hours to see if the Nifty sustains these levels or goes back above 11,650.Traders can then look at initiating shorts below 11,650 for a target of 11,450. The upside is capped at the resistance level of 11900

- Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments

09:47 AM

L&T gets mega contract for India's high speed rail corridor; stock down 4%

L&T gets mega contract for India's high speed rail corridor; stock down 4%
09:22 AM

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

Price as on 29 Oct, 2020 09:22 AM, Click on company names for their live prices.
09:21 AM

OPENING BELL: Sensex sheds 350 points, Nifty at 11,630; L&T, TechM drop 3% each

OPENING BELL: Sensex sheds 350 points, Nifty at 11,630; L&T, TechM drop 3% each
09:10 AM

Pre-open session: Sensex tanks 384 points, Nifty below 11,650

07:29 AM

SGX Nifty signals negative start

Nifty futures on the Singapore Exchange traded 72 points, or 0.61 per cent, lower at 11,660.50, in signs that Dalal Street was headed for a negative start on Thursday.
07:28 AM

Tech View: Nifty forms bearish candle

It fell below its 20-day moving average and formed a bearish candle on the daily chart. Analysts said levels around the 11,650 mark may provide support to the index while any Nifty50 recovery beyond the 11,830 level may attract further support.
07:28 AM

Asian stocks fall in early trade

Asian stocks joined a global selloff on Thursday as worries about surging coronavirus cases in Europe and the United States sent investors scrambling for safe-haven assets. Hong Kong's Hang Seng index futures were off 1.37 per cent. Japan's Nikkei 225 futures were down 0.74 per cent while China's Shanghai Composite fell 0.72 per cent. MSCI's gauge of stocks across the globe was down 2.89 per cent.
07:28 AM

Oil rises as hurricane shuts US output

Oil prices rose in early trading on Thursday, regaining some of the ground lost in a 5 per cent slump overnight, amid the prospect of tighter short-term supply with two-thirds of US output shut in the Gulf of Mexico as Hurricane Zeta slammed Louisiana. US WTI crude futures rose 29 cents, or 0.8 per cent, to $37.68 a barrel, while Brent crude futures rose 25 cents, or 0.6 per cent, to $39.37 a barrel.
07:27 AM

US stocks tanked over 3% overnight

On Wednesday, the S&P500 index fell 119.65 points, or 3.5 per cent, to 3,271.03. The Dow Jones Industrial Average index lost 943.24 points, or 3.4 per cent, to 26,519.95. The Nasdaq composite index slumped 426.48 points, or 3.7 per cent, to 11,004.87.
07:27 AM

Rupee depreciates 16 paise against dollar

The rupee depreciated by 16 paise to settle at more than one-month low of 73.87 against the US currency on Wednesday due to month-end dollar demand from importers and the greenback's gains against major currencies.
07:26 AM

FPIs sell Rs 1,131 cr worth of stocks

Net-net, foreign portfolio investors (FPIs) were sellers of domestic stocks to the tune of Rs 1,130.98 crore, data available with NSE suggested. DIIs were net buyers to the tune of Rs 1.48 crore, data suggests.
07:26 AM

Sensex, Nifty on Wednesday

The Sensex crashed 600 points while the Nifty slumped below the 11,750-mark on Wednesday, in tandem with a deep global selloff as a second wave of coronavirus cases in Europe and the US stoked fears of another round of lockdowns. After hitting a low of 39,774.60 during the day, the 30-share BSE Sensex ended 599.64 points or 1.48 per cent lower at 39,922.46. Similarly, the broader NSE tanked 159.80 points or 1.34 per cent to close at 11,729.60.
07:25 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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