Sensex ends 446 pts higher, Nifty tops 17,800; RIL hits record high, up 2%

Stock market LIVE: On the sectoral front, barring Nifty Realty, Pharma, PSU Bank, all indices trade in the green

3:57 PM

MARKET QUOTE :: Vinod Nair, Head Of Research at Geojit Financial Services

Domestic equities opened on a weak note as investors turned cautious due to a weak closing of the US market and rising crude oil price. However, upbeat mood of the European markets which rebounded after the US tech based sell-off helped the Indian market to regain momentum. Also, the rout of Chinese economy led by power shortage provided a positively surprise to few sectors in the Indian market.

3:49 PM

CLOSING COMMENTS :: Binod Modi, Head Strategy at Reliance Securities

Domestic equities continued to show resilience and extended gains today amid mixed global cues as expectations of strong September quarter earnings lifted investors’ sentiments. IT and Energy stocks witnessed strong recovery, while financials (excluding PSU banks) also witnessed modest rebound. Heavyweight Reliance Industries continued to move higher and supported market rally. However, pharma and FMCG stocks were laggards. Further, buying momentum remained visible in midcap and smallcap stocks, while value stocks continued to outperform growth stocks.  Notably, a sharp rise in oil prices is a fresh overhang of Indian equities, which can essentially result in further hardening of inflation and adversely impact government’s fiscal math. However, high frequency key economic indicators in September in the form of GST collection, manufacturing PMI, import-export data and e-way bills continued to reflect improvement in economic activities, which bode well for corporate earnings. 

3:45 PM

ONGC rallies 11%, hits 52-week high; m-cap crosses Rs 2 trillion

3:41 PM

BUZZING :: RIL hit fresh record high in trade

>> The stock contributed almost a third of total Sensex gains

3:40 PM

SREI Infrastructure Finance ends 4.5% lower as RBI supersedes board

3:39 PM

BSE advance-decline ratio at nearly 2:1

>> The market breadth stayed positive with gainers outpacing losers. For every one stock that feel, nearly two gained

3:38 PM

Sensex Heatmap | Top gainers & losers at close

3:37 PM

SECTOR WATCH :: IT, Media stocks lead gainers

3:36 PM

Broader markets gain but lag benchmark

3:34 PM

CLOSING BELL :: Nifty50 ends above 17,800

3:33 PM

CLOSING BELL :: Sensex rises for second day, gains 446 points

3:24 PM

Nifty IT gains over 1% led by HCL Tech, TCS, Tech Mahindra

3:06 PM

Currency check :: Rupee at 6-week low

There is a counter intuitive correlation between crude and rupee, and after yesterday’s OPEC meet the volatility in fx has returned. The next trigger will be the US non-farm payrolls report. Only a materially lower NFP and some cooling off in crude prices will reverse the trend in USDINR spot. Otherwise, an upbeat data will add bets for a November FOMC tapering, cementing the uptrend in dollar. So this week, we expect USDINR spot to trade in between 74.20-74.75 with a positive bias. Only a break of 74.75 will push prices towards 75 zone. On the downside, a break of 73.80 will negate the bullish view.

Source: Emkay Global Financial Services

2:55 PM

BUZZING :: RIL tops Rs 2,600-mark

2:49 PM

Global markets :: Futures of Wall Street indices gain in trade

2:43 PM

ALERT :: Sensex jumps over 400 pts; here're the top gainers and losers at this hour

2:36 PM

BLS International signs renewal contract with Royal Thai Embassy for visa services

>> BLS will be accepting visa applications for Thailand from various cities of India including New Delhi, Himachal Pradesh, Punjab, Haryana, Rajasthan, Uttarakhand, Assam, North East, Chandigarh, Jalandhar, Jammu & Kashmir
 

2:26 PM

AB Capital says AB Sun Life AMC has finalised offer price at Rs 712/share for its IPO

2:12 PM

ALERT :: Sensex extends gains, up 300 points

2:05 PM

BUZZING :: Reliance Industries hits record high; stock rises 1%

1:58 PM

Bharti Airtel & Ericsson conduct 5G network demonstration in a rural geography

>> Bharti Airtel demonstrated the potential of 5G to bridge the digital divide with network coverage of over 10 Km through a single 5G site with both fixed wireless access and mobile devices
 

>> The results of trial demonstrate Airtel’s capability to enable 5G for both capacity and coverage over its existing nationwide 4G infrastructure 
 

1:46 PM

Allied Digital Services bags 5-year contract valued at Rs 165 crore from a global manufacturing conglomerate

>> Allied Digital will manage and transform the IT infrastructure services including workplace services, enterprise services, enterprise applications, security, governance support
 

>> It will also govern, optimize, transform existing IT service contracts of all business entities as well as support sourcing of new IT services and solutions
 

>> The transformed service model will establish highly optimized IT operations and boost business of all entities

1:32 PM

ALERT :: NSE Muhurat Trading is on November 4 at 6:15 PM

>> Pre-Open Session: 6:00 to 6:08 PM

 

>> Muhurat Trading Session: 6:15 to 7:15 PM

 

>> Post Closing: 7:25 to 7:35 PM
 

>> Call Auction: 6:20 to 7:05 PM

 

Source: TV reports

 

1:18 PM

Bharti Airtel rights entitlement hits 40% upper circuit at Rs 204.50

Bharti Airtel’s rights entitlements (REs) were locked in the 40 per cent upper circuit at Rs 204.50 on the BSE on Tuesday, the first day of listing. The stock opened at Rs 191, a 31 per cent premium over its intrinsic value, which is the difference between Bharti Airtel share price and rights issue price of Rs 535. It has hit a low of Rs 151.10 in intra-day trade so far. Till 12:19 pm, around 3.90 million REs had changed hands on the counter and there were pending buy orders for 622,148 REs on the BSE, the exchange data shows. READ MORE

 

12:40 PM

Ircon with its JV partner emerges lowest bidder for project worth Rs 3,429 cr

>> The tender was floated by National High Speed Rail Corporation Limited for the design and construction of 18.133 km of viaduct involving Ahmedabad Station and Sabarmati Station and associated works for the project for construction of Mumbai-Ahmedabad High Speed Rail

 

12:35 PM

Explained: How a problem turned into crisis for Srei Infrastructure Finance

The message titled ‘Riding out the Storm’ was part of the company’s annual report for FY20-21. But on Monday, the hope appeared to be fading as the Reserve Bank of India su­perseded the boards of Srei In­fra­structure Finance and Srei Equipment Finance. The apex bank said they will be taken for insolvency proceedings. READ MORE

12:18 PM

NMDC sets lump ore price at Rs 5,950 per ton & Fines at Rs 4,760 per ton

12:10 PM

Sector Watch :: Nifty Energy Index rises 2% led by ONGC, Tata Power, Adani Transmission

11:55 AM

ONGC regains Rs 2-trn market cap as stock jumps 8% on higher oil prices

Oil and Natural Gas Corporation (ONGC) has regained its Rs 2-trillion market capitalisation (market-cap) mark as the stock rallied another 8 per cent to Rs 159.75 on the BSE in Tuesday’s intra-day trade on the back of higher crude oil prices. The stock of the state-owned oil exploration & production (E&P) company was trading at its highest level since November 2018. READ MORE

 

11:42 AM

TVS Motor signs MoU with Tata Power for electric 2-wheeler charging eco-system in India

>> The two companies will also explore opportunities to use solar energy to power select TVS Motor locations
 

>> The customers of TVS iQube Electric will also get access to the existing charging infrastructure by Tata Power across the country