MARKETS: Indices end choppy trade higher; Sensex up 144 pts; RIL sinks 9%

All that happened in the markets today

4:28 PM

Market Closing Comment :: Vinod Nair, Head of Research at Geojit Financial Services

The weak opening reflected the rough waters market the entered last week. However, some recovery was seen as investors showed interest in banking stocks as major players announced Q2 results, beating the street estimates with positive outlook. Additionally, the banking stocks are attempting to price, in expectation of the positive SC verdict on moratorium. The Indian market is expected to be volatile, amidst mixed global sentiments due to increasing covid cases, US election and delayed stimulus.

4:02 PM

Market Closing Comment :: Shrikant Chouhan, Executive Vice President (Equity Technical Research), Kotak Securities

One more indecisive day for the Nifty 50, however, Bank Nifty did a great job.  The Bank Nifty closed 4 per cent higher while Nifty 50 closed at an unchanged level. Nifty was down mainly due to steep weakness in Reliance Industries.  At one point of time, Reliance was down by more than 10 per cent and it's the biggest drop on intraday basis after 15th July 2020. Financials did a strong comeback and managed to recoup the losses on Indices due to a substantial fall in Reliance Industries  As we discussed, Nifty remained between the range of 11530 and 11750. It has formed an indecisive candlestick formation on a daily chart. Be stock specific for the time being. The focus should be on financials as technically, the Bank Nifty is ready to hit the level of 25500 shortly.

3:47 PM

Market Closing Comment :: S Ranganathan, Head of Research at LKP Securities

Ahead of the US elections, we witnessed a highly volatile trading session today with Reliance giving way. However indices managed to end in the green led by Financials which was indeed a treat to watch. Few high profile Realty names were the stars in the broader market today

3:44 PM

Market Statistics

3:43 PM

Sectoral Loser :: Coforge, HCL Tech end as top losers

3:41 PM

Sectoral Winner :: Nifty Bank ends 4% higher

3:39 PM

Sectoral trends at Close

3:38 PM

Sensex Heatmap at Close

3:37 PM

Closing Bell

>> Benchmark S&P BSE Sensex ends at 39,757.58 levels, up 143.51 points or 0.36 per cent.

>> Nifty50 ends at 11,669.150mark, up 26.75 points or 0.23 per cent.  

3:25 PM

NEWS ALERT :: Govt extends Emergency Credit Line Guarantee Scheme till Nov 30

3:20 PM

Route Mobile freezes at 10% upper circuit; zooms 38% in 1 week post Q2 nos

Till 02:58 pm, a combined 2.2 million equity shares had changed hands and there were pending buy orders for around 160,000 shares on the NSE and BSE, exchange data show. In comparison, the S&P BSE Sensex was up 0.69 per cent at 39,887 points. READ MORE

3:11 PM

NIIF enters road and highway sector with acquisition of two Essel projects

The National Infrastructure Investment Fund (NIIF) has acquired Essel Devanahalli Tollway and Essel Dichpally Tollway from Essel Infraprojects, the wholly-owned subsidiary of Subhash Chandra’s debt-laden Essel group. READ MORE

3:02 PM

Financials in focus; Nifty Bank surges 1,200 pts

2:51 PM

Heatmap: S&P BSE Sensex gainers and losers at this hour

2:45 PM

HDFC Q2 net profit tanks 28% YoY to Rs 2,870 crore, beats Street estimates

Housing financier HDFC’s net profit for September quarter of FY21 tumbled 27.5 per cent to Rs 2,870.12 crore on the back of gain from stake sale HDFC Life during the quarter. It had clocked a net profit of Rs 3,961.5 crore in the year-ago period. On a consolidated basis, the profit declined 53.15 per cent to Rs 5,035.41 crore from Rs 10,748.69 crore clocked in Q2FY20. READ MORE

2:34 PM

RESULT REACTION:: HDFC zooms 5% post Q2 results

2:27 PM

Q2 RESULTS | HDFC reports Q2 net profit at Rs 2,870.1 crore, down 27.6% YoY

-- Revenue dips 13.1% YoY at Rs 11,723 crore

2:24 PM

Financials in focus; Shriram Transport Finance, IndusInd, ICICI Bank up 7%

IndusInd Bank, too, gained 7 per cent to Rs 627 on the back of encouraging asset quality performance. Its GNPA and NNPA ratio declined by 32 bps and 34 bps, respectively to 2.21 per cent and 0.52 per cent. The management expects restructuring to be in low single digits and stated intention of continuous build-up of provision to cushion balance-sheet and move towards normalize FY22. READ MORE

2:14 PM

MARKET UPDATE:: Sensex pares losses

2:10 PM

Rupee closing

Rupee ends at lowest closing level since August 21 at 74.43 against the US dollar

2:00 PM

Sept Quarter Result | Bandhan Bank reports profit of Rs 920 crore

>> NII comes in at Rs 1,923.1 crore

>> Provisions for Covid at Rs 300 crore

>> Gross NPA slips to 1.18% from 1.43% QoQ

>> Net NPA down to 0.36% from 0.48% QoQ

1:49 PM

HDFC gains over 2.5% ahead of Q2 nos

1:44 PM

DLF rental arm's REIT issue size may be far bigger than previous issues

Initial public issue size of DLF rental arm's real estate investment trust or REIT could be far higher than the past issues due to geographies and type of assets the REIT will hold, said capital market experts.

 

"This may be the largest public issue of any REIT due to geographic concentration and assets," said a real estate analyst who has worked on past REIT issues. READ MORE

1:38 PM

Top losers on the BSE at this hour

1:31 PM

Nifty Energy Index slips 2%

1:23 PM

BROKERAGE VIEW :: Macquarie on RIL

Maintains 'Underperform', Target Price: Rs 1195/share

>> Reliance reported a largely expected sequential rebound in Q2

>> Remains cautious as they still see no economic moat.
 

1:17 PM

Market at 1.15 pm

1:14 PM

The current correction is temporary, add to your position in gold

At the start of this year, gold was trading at Rs 38,962 per 10-gram level. It then rose 43.5 per cent level to touch a peak of Rs 55,901 on August 7.

 

Since then, however, the yellow metal has corrected around 9.4 per cent and is now at the Rs 50,636 level. This correction has left investors in a quandary, with many asking: Has the bull run come to an end, or does it still have some steam left? Correction is temporary The foremost reason for the correction witnessed seen since August is that the rally in the preceding months had been very sharp. READ MORE

1:09 PM

India VIX rises 3%

12:59 PM

Bank Nifty trades near day's high, up over 3%