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

All that happened in the markets today

SI Reporter New Delhi
Markets continue to rally on RBI policy fillip; Sensex rises 164 points

2 min read Last Updated : Nov 02 2020 | 4:28 PM IST

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

Topics :MARKET WRAPMarketsReliance IndustriesHDFCICICI Bank Equitas SFBBandhan BankNTPC

First Published: Nov 02 2020 | 7:55 AM IST