MARKET WRAP: Bull run continues; Sensex gains 506 pts, Nifty ends at 13,109

All that happened in the markets today

3:43 PM

Nifty Realty climbs 3.3%

3:42 PM

MARKET AT CLOSE | Gainers and losers on the S&P BSE Sensex

3:36 PM

CLOSING BELL

The S&P BSE Sensex ended at 44,655.44 levels, up 506 points, or 1.15 per cent while NSE's Nifty ended at 13,109, up 140 points, or 1.08 per cent. 

3:26 PM

MARKET CHECK

3:16 PM

BSE Midcap index up nearly 1%

3:07 PM

Bajaj Auto, Pierer Industrie AG start preliminary talks on stake transfer

At present, PIERER Mobility AG (PMAG) and Bajaj Auto's 100 per cent Netherlands subsidiary, Bajaj Auto International Holdings BV, hold 51.7 per cent and 48 per cent respectively in KTM AG. Pierer Industrie AG holds over 60 per cent in PMAG, with the balance being free float. READ MORE  

 

2:56 PM

November Auto Sales :: TVS Motor Company sales in November 2020 grow by 21%

>> TVS Motor Company sales grew by 21% registering 322,709 units in November 2020 as against 266,582 units in the month of November 2019

>> Two wheeler: Total two-wheelers sales grew by 25% recording 311,519 units in November 2020 as against 249,350 units in November 2019

>> Three-wheeler: Three-wheeler of the Company registered sales of 11,190 units in November 2020 as against 17,232 units in November 2019.

>> Exports: The Company's total exports registered 74,074 units in the month of November 2020 as against 74,060 units in November 2019.

2:54 PM

ABB Power zooms 33% in 3 days on tie-up with Ashok Leyland for e-bus pilot

In the past three days, the stock zoomed 33 per cent after Hitachi ABB Power Grids in India, listed on the stock exchanges as ‘ABB Power Products and Systems India Ltd.’, has signed a Memorandum of Understanding (MoU) with Ashok Leyland and the Indian Institute of Technology Madras (IITM) for an e-mobility pilot. The triumvirate will run an electric bus (e-bus) pilot for in-campus commuting by IITM’s students and staff. READ MORE 

2:54 PM

BUZZING STOCK :: Strides Pharma hits 52-week high

2:45 PM

Sun Pharma surges over 5.5%

2:37 PM

NEWS ALERT :: Lupin gets US FDA nod for Penicillamine Tablets

>>  Penicillamine Tablets are indicated in the treatment of Wilson’s disease, Cystinuria, and in patients with severe, active rheumatoid arthritis who have failed to respond to an adequate trial of conventional therapy

2:30 PM

BSE indices at this hour

2:24 PM

Titan, Escorts: What next for stocks where Jhunjhunwala cut stake in Q2

Escorts Ltd (ESCORTS): On the daily chart, a clear support of 100-day moving average can be seen from May 2020 onwards.

This suggests that the positive bias will prevail till the said moving average is not breached. The 100-DMA is currently placed at Rs 1,214 levels. On an immediate scale, a breakout above Rs 1,300 suggests a positive upside towards Rs 1,500 levels. This move has a closing basis support of Rs 1,275 levels. READ MORE 

2:17 PM

NEWS ALERT :: GST collection at Rs 1.05 trillion in Nov

2:13 PM

Sensex up 546 pts

2:07 PM

Commercial real estate in NCR may report growth in Oct-Dec on better demand

The commercial real estate sector of the National Capital Region (NCR) is likely report growth in the current quarter (October-December) on the back of improved demand, said a report by 360 Realtors. READ MORE

1:59 PM

Stocks that hit 52-week high on BSE today

COMPANY	PRICE(rs)	52 WK HIGH	CHG(%)
ABB POWER PRODUC	1250.00	1250.00	9.09
ACC	1740.55	1788.05	2.19
ADANI ENTERP.	419.10	419.65	5.10
ADANI GAS	362.20	371.70	4.08
ADANI PORTS	423.60	424.55	2.82

1:58 PM

MARKET CHECK

1:52 PM

YES Bank trades at its highest level since August 31; zooms 26% in 1 month

Shares of YES Bank were locked in the 5 per cent upper circuit band at Rs 15.38, its highest level since August 31, 2020, on the BSE on Tuesday. Till 01:15 pm, a nearly 400 million shares had changed hands on the BSE and NSE, and buy orders for 22 million shares were pending on the exchanges, data show. In the past one month, YES Bank has outperformed the market by gaining 26 per cent, following the news of bank's inclusion in the MSCI India Index with effect from December 1. In comparison, the S&P BSE Sensex has rallied 12 per cent during the period. READ MORE

1:45 PM

November Auto Sales :: Eicher Motors' total domestic sales up around 4% YoY

1:45 PM

Top gainers on BSE at this hour

COMPANY	PRICE(rs)	CHG(%)
MAHINDRA LIFE.	324.90	12.34
CARE RATINGS	564.05	12.05
CARBORUNDUM UNI.	381.10	10.29
LEMON TREE HOTEL	36.50	9.61
VAKRANGEE	41.70	8.59

1:34 PM

MARKET UPDATE:: India VIX up 4%

1:23 PM

Covid vaccine wont be released unless proven safe, assures Serum Institute

Addressing the concerns related to the adverse reaction reported by the volunteer in Chennai, SII said, "The Covishield vaccine is safe and immunogenic. The incident with the Chennai volunteer though highly unfortunate was in no way induced by the vaccine and Serum Institute of India is sympathetic with the volunteer's medical condition." READ MORE

1:13 PM

Bitcoin over gold :: Can the largest digital currency rival bullion one day?

Whether that’s a simple coincidence or the start of a rotation that would have a profound impact on crypto and the precious-metals market is impossible to know for sure. But the debate is now heating up on whether the world’s largest digital currency can one day rival bullion as an inflation hedge and portfolio diversifier. READ MORE

1:02 PM

Indian cement firms strong 1H FY20 profitability limits Covid risks: Fitch

The strong margins in the first half of the financial year (H1FY21) limit the risks to Indian cement companies' financial profiles, despite lower volumes due to the Coronavirus (Covid-19) pandemic, says Fitch Ratings. The companies are expected to take a prudent approach to grow capital expenditure in FY21 (ending March 2021), which will underpin healthy free cash generation and support financial flexibility. READ MORE

1:01 PM

MARKET CHECK

12:50 PM

MARKET UPDATE:: Nifty PSU Bank index up 2%

12:37 PM

November Auto Sales :: M&M

>> M&M's total sales for the month of November 2020 stood at 42,731 vehicles, compared to 41,235 in November 2019, a growth of 4%

>> In the Utility Vehicles segment, Mahindra sold 17,971 vehicles in November 2020, compared to 14,161 vehicles in November 2019, registering a growth of 27%. The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 18,212 vehicles in November 2020, a growth of 24% over same period last year.

>> Farm Equipment sales are as follows:

12:34 PM

Sun Pharma rallies 6%, inches towards 52-week high on heavy volumes

Shares of Sun Pharmaceutical Industries rallied 6 per cent to Rs 540 on the BSE on Tuesday on the back of heavy volumes. Till 12:05 pm, a combined 13.6 million equity shares had changed ands on the counter on the NSE and BSE. In comparison, the S&P BSE Sensex was up 0.85 per cent at 44,526 points. The stock of the pharmaceutical company was trading at its highest level since August 31, 2020. It was near its 52-week high level of Rs 564.90, touched on August 28, 2020. READ MORE

12:24 PM

Burger King India IPO opens for subscription tomorrow; Should you invest?

Quick service restaurant (QSR) Burger King India will open its three-day initial public offering (IPO) on December 2. The company aims to raise Rs 810 crore via the IPO. The issue comprises a fresh issue of shares worth Rs 450 crore, and an offer for sale (OFS) of up to 60 million shares by promoter entity QSR Asia Pte Ltd worth Rs 360 crore, at the upper end of the price band. The company intends to utilise the fresh proceeds to finance the roll-out of new company-owned Burger King Restaurants and to meet the general corporate purposes. READ MORE