MARKET WRAP: Indices rise for 6th day; Sensex up 304 pts, reclaims 40K

All that happened in the markets today

3:43 PM

SECTOR WATCH | Nifty IT rallies over 3%

3:42 PM

MARKET AT CLOSE | Gainers and losers on the BSE Sensex

3:36 PM

CLOSING BELL

The S&P BSE Sensex gained 304 points, or 0.76 per cent to settle at 40,183 levels while NSE's Nifty ended at 11,835, up 96 points, or 0.82 per cent.

3:28 PM

MARKET CHECK

3:26 PM

Cipla up 5% on hope of healthy Q2 performance; rallies 56% in six months

In the past three months, Cipla has outperformed the market by surging 26 per cent, as against 10.5 per cent rise in the S&P BSE Sensex. In six months, however, the gains have been even better with Cipla rising 56 per cent as compared to 34 per cent rally in the benchmark index, the S&P BSE Sensex. READ MORE 

3:21 PM

Sun Pharma gains over 2%

3:15 PM

BROKERAGE VIEW | Emkay Global on Titan Co

RATING: BUY | TARGET PRICE: Rs 1,215

The recovery in jewellery is encouraging. It should see further improvement in the upcoming festive/wedding season. Strong growth recovery showcases business strength and builds in confidence for market share gains. TTAN remains our top pick among discretionary names as we believe that the pace of recovery will improve significantly with the unlocking and the onset of the festive season which can drive more upsides. Maintain Buy.

3:05 PM

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

3:05 PM

Index contributors at this hour

3:00 PM

Q&A :: Global equities to be volatile before US Presidential polls, says Mustafa Sagun

Equity markets are likely to remain volatile leading up to the US Presidential elections. Continued swings in market leadership between the longstanding new economy leaders and the out-of-favour cyclical value opportunities is expected READ MORE

Mustafa Sagun, CIO, Principal Global Equities

2:52 PM

Fall from intra-day high today

COMPANY	DAY'S HIGH(RS)	DAY'S LOW(RS)	LATEST(RS)	FALL(%)
THYROCARE TECH.	1149.90	1008.00	1028.00	-10.60
ADVANCED ENZYME	384.75	342.25	350.50	-8.90
JINDAL STAIN.	47.80	43.45	43.65	-8.68
INFIBEAM AVENUES	94.05	83.75	86.10	-8.45

2:43 PM

Combined FY21 fiscal deficit of Centre, states may reach 14%: Rangarajan

Speaking at a programme organised by the ICFAI Business School here, the former Chairman of the Economic Advisory Council to the Prime Minister said banks should neither be timid nor adventurous while lending as the loans of today should not become NPAs of tomorrow.

 

"So therefore we are essentially talking about 13.8 per cent or 14 per cent of the GDP (gross domestic product) as the overall fiscal deficit of the states and the Centre. It is obvious this is twice the mandated level. The mandated level for both the Centre and state is 6 per cent of the GDP. READ MORE

2:35 PM

Sensex pares gains, up 277 pts

2:32 PM

Forensic audit report findings not final, says Franklin Templeton

“The reports regarding the findings of the forensic audit/inspection are misleading, and we believe that it is improper to make any publication regarding the forensic audit/inspection report as the matter is under the consideration of the Hon’ble Karnataka High Court,” Franklin Templeton India President Sanjay Sapre said in a note. READ MORE

2:24 PM

Orient Paper surges 9%

2:16 PM

Stuck with ITC, BPCL, Coal India in your portfolio? Track these levels

From its recent closing low of 10,805 levels hit on September 24, 2020, the Nifty 50 index has rallied nearly 10 per cent till October 8 with most of the gains coming from banking and information technology (IT) counters. IndusInd Bank and HDFC have been the top gainers between September 24 and October 7 (closing basis) – rallying 26 per cent and 19 per cent respectively, ACE Equity data show. TCS, Adani Ports & Special Economic Zone, Tata Motors, ICICI Bank and HDFC Bank have been some of the other gainers. READ MORE

2:07 PM

Rupee Closing

Rupee settles at 73.24 per US dollar vs Wednesday's close of 73.34/$

2:06 PM

UltraTech Cement hits 7-month high; stock surges 7% in 3 days

Shares of UltraTech Cement hit a seven-month high of Rs 4,334, up 3 per cent on the BSE, in the intra-day trade on Thursday on expectation of improvement in demand. The stock of the cement major was trading higher for the third straight day, ralling 7 per cent during the period and was trading at its highest level since March 6, 2020. READ MORE

1:58 PM

BSE Midcap index underperforms Sensex, trades 0.3% up

1:51 PM

Life insurers see 16% growth in new business premiums in September quarter

In Q2, Indian insurers netted new business premiums (NBP) to the tune of Rs 75,392 crore, with state-owned insurance behemoth Life Insurance Corporation (LIC) seeing a rise of almost 14 per cent to Rs 51,488 crore. NBP of private insurers rose by about 20 per cent to Rs 23,904. 2 crore. NBP is the premium acquired from new policies for a particular year. READ MORE

1:40 PM

Sept MF Data :: Net equity outflow at Rs 1,009 cr vs Rs 4,029 cr outflow MoM

>> Hybrid Fund outflow at Rs 4,219 cr vs Rs 4,819 cr MoM

>> Liquid Fund outflow at Rs 65,952 cr vs Rs 15,814 cr MoM

>> ETF inflow at Rs 3,515 cr vs Rs 1,722 cr inflow MoM

1:34 PM

Home sales recover in Sept qtr; still a long road to recovery: Knight Frank

Even though the sales of residential units have improved in the July – September 2020 quarter (Q2FY21), it will be a long road to recovery for the real estate sector to reach pre-Covid-19 levels, says Knight Frank. According to the real estate consultant, the sale of residential units across eight major metros in the country – Kolkata, Chennai, Pune, National Capital Region (NCR), Mumbai, Bengaluru, Hyderabad, and Ahmadabad – picked up pace in Q2FY21 to reach 33,403 – up a massive 246 per cent on a sequential basis. READ MORE

1:25 PM

Voting on Jet Airways revival underway, decision after October 16

Resolution professional Ashish Chhawchharia said voting process is still underway and the news of lenders selecting Kalrock Capital is premature and devoid of facts. The UK based asset management company too has denied issuing any statement about it winning the bid. READ MORE

1:15 PM

BUZZING STOCK:: Just Dial zooms 14%

1:07 PM

How to identify and trade the Triple Top reversal pattern?

Triple top is a trend reversal pattern that depicts buying weakness and a failure to absorb selling pressure, resulting in a sell-off. This chart pattern depicts three distinct peaks, called resistance, inside a price zone that the stock price has failed to conquer. READ MORE

12:59 PM

SECTOR WATCH:: Pharma stocks trade higher

COMPANY	LATEST(rs)	CHG(%)
CADILA HEALTH.	429.95	4.14
CIPLA	787.00	1.73
BLISS GVS PHARMA	173.50	0.29
WOCKHARDT	319.95	1.47
SUN PHARMA.INDS.	517.55	1.15

12:52 PM

Top gainers on the BSE at this hour

12:41 PM

Stocks that hit 52-week high on BSE today

COMPANY	PRICE(rs)	52 WK HIGH	CHG(%)
ADVANCED ENZYME	343.25	384.75	-9.38
AMBUJA CEMENTS	237.00	238.55	0.96
APOLLO HOSPITALS	2204.20	2221.95	1.45
BERGER PAINTS	604.80	613.55	-0.53
CADILA HEALTH.	429.35	430.80	4.00

12:32 PM

Sector Watch :: Nifty Auto index trades weak in a strong market

12:27 PM

Passenger vehicle retail sales up 9.81% in September to 195,665 units

Passenger vehicle retail sales are back in green with 9.81 per cent growth in the month of September 2020. Total PV sales increased to 1,95,665 units from 1,78,189 units, in September 2019. Other than PVs, tractors remain the only segment to show growth in sales while all the other segments continue to be in red. Overall retail sales report a 10.24 per cent drop to 13,44,866 units in September 2020 as compared to 14,98,283 units, a year ago. READ MORE