Sensex ends subdued day 235 pts up, Nifty swings above 18,200; SBI leaps 3%

CLOSING BELL: The Nifty PSU Bank index sharply outperformed other indices as it gained 4.5 per cent

4:16 PM

COMMENT:: Markets may take cues from the US inflation data

"The domestic market battled to find a clear direction but it ended up making gains. Losses in pharmaceutical companies were offset by buying in PSU banks, auto, and metal equities. PSU banks took the lead in the rally as major sector players announced solid results. Fall in oil prices as China disputed rumours of lifting Covid restrictions and stronger US jobs data showed that the US economy is expanding, helped market. However, investors will await US inflation data for market direction as there aren't many domestic clues left as the corporate earnings season is drawing to close with a negative bias"

 

- Vinod Nair, Head of Research at Geojit Financial Services

 

4:12 PM

Tech view: Nifty may test 18,300 - 18,600 on the upside

"The benchmark Nifty remained volatile during the session before closing with a gain. On the daily chart, the index has remained above the previous swing high, suggesting ongoing uptrend. The momentum indicator RSI is in positive crossover. Over the short term, the trend may remain bullish, with a potential to reach towards 18,300/ 18,600. On the lower end, support is placed at 18,000."

 

- Rupak De, Senior Technical Analyst at LKP Securities

4:10 PM

Primary Market Update:: Global Healthm, Bikaji IPOs oversubscribed

Global Health IPO subscribed 9.56 times; QIB portion 28.6X; Retail 0.83X

 

Bikaji Foods International subscribed 26.6 times; QIB portion 80.6X; Retail 4.6X

 

(Data as of 4 PM)

4:03 PM

Rupee ends stronger at 81.9175, gains 52 paise v/s US$

Source: Bloomberg

4:00 PM

Adani Enterprises storms into top-10 most-valued firms club

Adani Enterprises, the flagship company of Adani Group, entered the top-10 most valued companies league in terms of market captialisation (market-cap) in India as the stock rallied nearly 19 per cent in the last one week. READ MORE

3:58 PM

SBI hits new high on strong Q2; brokerages retain 'Buy' on stock

Shares of State Bank of India (SBI) hit an all-time high on Monday after the bank’s net profit soared 73.93 per cent year-on-year (YoY) to Rs 13,265 crore in the July-September quarter (Q2FY23), backed by improvement in interest margins and decline in provisions for bad loans. READ MORE

3:56 PM

Britannia zooms 9% on robust Q2 revenue growth; enters Rs 1 trn m-cap club

Shares of Britannia Industries hit an all-time high of Rs 4,181.40 on zooming 10 per in Monday’s intra-day trade after the company reported a robust revenue growth, with its market share reaching new 15-year high in the September quarter (Q2FY23). READ MORE

3:49 PM

Market breadth was positive; 183 stocks hit new 52-week high on BSE

3:47 PM

Nifty Pharma index slips 1.4%; Divis Lab drags

3:46 PM

Nifty Metal Index gains 1.5%; Jindal Stainless soars 7%

3:44 PM

Nifty PSU Bank Index soars 4%; BoB, Union Bank shine

3:42 PM

Broader indices gain in tandem with benchmark Nifty 50

3:40 PM

Nifty 50 Losers:: Divis Labs, Asian Paints, Cipla

3:38 PM

Nifty 50 Gainers:: Britannia, SBI, Adani Enterprises top charts

3:37 PM

Sensex 30 Heatmap:: 19 Gainers v/s 11 Losers

3:35 PM

NSE Nifty50 gains 86 pts, settles at 18,203

3:33 PM

Closing Bell:: Sensex ends 235 pts higher at 61,185

3:25 PM

Paytm, Nykaa among tech stocks under watch as lock-in period ends

India’s fledgling technology sector faces a key test this month as lock-up periods on $14 billion worth of shares sold in initial public offerings expire, allowing billionaire backers including Warren Buffett and Masayoshi Son to sell. READ MORE

3:19 PM

Inox Green IPO to open on Nov 11, sets price band at Rs 61-65 per share

Inox Green Energy Services, a subsidiary of Inox Wind, has fixed a price band of Rs 61-65 per share for its Rs 740-crore initial public offering (IPO). READ MORE

3:12 PM

Global Check:: US, UK stock futures exhibit mixed trend

Source: Investing.com

3:03 PM

ISMA hails sugar export policy, confident of govt nod for add'l 3 mn tons

ISMA welcomes government's decision to allow export of 6 million tonnes of sugar till May 31 of the 2022-23 season and expressed confidence of getting export nod for additional 3 million tonnes. READ MORE

2:54 PM

JK Lakshmi Cement soars 15% in 2 days on hopes of margin improvement ahead

Analysts said the results were better than estimated, mainly driven by better-than- expected realisations that were up around 17 per cent YoY to Rs 5,651/tonne (up 1.5 per cent QoQ). READ MORE

 

2:45 PM

BSE 500:: Marico, IRB Infra, BoB among volume shockers

Marico witnessed unusually high volume of around 2.13 lakh shares on the BSE so far as against its five-day average volume of around 20,750-odd shares. Similarly, IRB Infra Developers, Sundaram Clayton, Bank of Baroda and JM Financial witnessed a significant spike in volume on Monday.

2:35 PM

CreditSights says Adani Group continues to seek strategic partners

Gautam Adani's conglomerate continues to seek strategic equity partners aligned with its long-term investment strategy as it expands across energy to transport to mining sectors, says CreditSights. READ MORE

 

2:26 PM

India Cements Q2 net loss at Rs 113 cr, revenue up 7.46% to Rs 1,327 crore

India Cements Ltd on Monday reported a consolidated net loss of Rs 113.26 crore for the second quarter ended September 2022. Its revenue from operations was up 7.46 per cent to Rs 1,327.06 crore in the second quarter of this fiscal. The same stood at Rs 1,234.85 crore a year ago. READ MORE

2:16 PM

'$8 for all': Elon Musk on fees for blue-tick Twitter verification

Twitter Blue, a new feature that for $8 allows users of the social media platform get verified status, will come to India within a month. The cost will be alike for celebrities and other users already having verified status. READ MORE

2:05 PM

Earnings Alert: RateGain reports Q2 turnaround; stock jumps 4%

RateGain Travel Technologies reported a turnaround in Q2FY22, with Rs 12.96 crore profit as against a net loss of Rs 1.9 crore in Q2Fy21. Total income soared 49.7 per cent to Rs 131.44 crore.

1:54 PM

Earnings Alert: TTML Q2 net loss narrows to Rs 293 crore; stock flat

Tata Teleservices (Maharashtra) Q2 net loss narrowed to Rs 292.76 crore for the quarter ended September 2022 as against loss of Rs 313.63 crore in the corresponding quarter a year ago. Total income was up 2.8 per cent at Rs 279.04 crore from Rs 271.33 crore.

1:45 PM

Sensex 30 Heatmap:: Asian Paints, Bajaj twins slip; SBI, Tata Steel stand firm

1:36 PM

Global Check:: Hang Seng, Nikkei stand tall in Asian trade

Source: Yahoo Finance