MARKET WRAP: Sensex slips 229 pts ahead of CPI inflation nos; banks tumble

All that happened in markets today.

3:55 PM

Sectoral gainers and losers on the NSE

3:55 PM

Top gainers and losers on the S&P BSE Sensex

3:51 PM

CLOSING BELL

The S&P BSE Sensex slipped 229 points or 0.57 per cent to end at 40,116.06 while NSE's Nifty50 index ended at 11,840.45, down 73 points or 0.61 per cent. 

 

3:31 PM

Sobha hits 52-week low on disappointing Q2 results

In Q2FY20, the real estate developer’s profit before tax (PBT) grew in single digit by 4 per cent to Rs 187 crore over the previous year quarter. EBITDA (earnings before interest, tax, depreciation and amortisation) margin remained unchanged at 23 per cent. Operational revenue increased by 19 per cent to Rs 784 crore on year-on-year (YoY) basis. READ MORE  

3:22 PM

Rupee Check | Re at day's low

3:08 PM

NEWS ALERT | KEC Int'l bags orders worth Rs 2,255 crore

3:06 PM

MARKET CHECK | Sensex recovers from day's low

2:58 PM

MARKET CHECK | Sensex extends decline, drops over 250 pts

2:55 PM

BUZZING STOCK | Morepen Labs slips 6% post Q2 nos

2:53 PM

EARNINGS ALERT | Kaveri Seed Co Q2 net profit slips nearly 13%

Tax expense at Rs 2.3 cr Vs Rs 5.5 cr (YoY)

2:42 PM

BROKERAGE RADAR | Anand Rathi on HG Infra Engineering

Given the steep ask in H2, we?ve slightly lowered our FY20e revenues ~4% (FY21:~0.5%). But, accounting for the to the newer tax regime, FY20e and FY21e earnings stand raised ~9% and ~17% respectively. At the ruling price, (excl. investments) the stock trades at PER of 6.2x FY20e and 5.2x FY21e. Risk. Any slower-than-expected pace of execution. 

2:35 PM

Market check | Sudden slide in Sensex

2:30 PM

Earnings Alert | Adani Green Q2

-- Cons net profit at Rs 102.3 cr

-- Cons revenue at Rs 689 cr

2:29 PM

India's passive funds set to beat active peers for second straight year

Active funds have historically outperformed passive funds in India when share price moves were more broad-based and market inefficiencies helped stock pickers as they hunted for shares whose prices were not truly reflective of their worth.

 

But India's stock market rally has been much narrower in the past two years, with investors preferring some well-established heavyweights over smaller ones owing to broader uncertainties around a slowing domestic economy and the U.S.-China trade war. READ REPORT HERE

2:21 PM

AU Small Finance Bank hits new high, gains 14% in two days

Trading volumes on the counter jumped nearly 10-fold today, with 308,000 equity shares changing hands on the BSE till 01:32 pm. Around 193,233 shares, representing 0.07 per cent of total equity of the bank, changed hands at 09:59 am in a single deal, the exchange data shows. READ MORE

2:13 PM

NEWS ALERT | PE firm ChrysCapital looking to invest Rs 500 cr in RBL Bank: sources to CNBC TV18

-- ChrysCapital in advanced stage of discussions

-- RBL Bank likely to raise Rs 1,500 cr from a clutch of investors; looks to raise Rs 3,500 cr in tranches over the next few months

Alert: ChrysCapital had invested in RBL Bnak in pre-IPO round in 2016, eventually exiting completely. 

       : RBL Bank announced plans to raise Rs 3,500 cr

2:07 PM

CLSA sees India's FY20 GDP growth at 5%; fiscal deficit at 4.3%

“India is in the middle of a severe credit contraction that started with the liquidity squeeze triggered by the crisis in the non-bank finance companies (NBFCs), which has now spread to deposit-taking companies as well. India is growing below historical trend and there will be some pressure on broad consumption aggregates. Modi’s corporate tax cuts are bold but will take time to gain traction. India’s recovery will be postponed to late 2020,” said Eric Fishwick, chief economist at CLSA. READ MORE

Eric Fishwick, chief economist at CLSA & Anthony Nafte, senior economist at CLSA (Photo: Dalip Kumar)

1:58 PM

Sun TV tumbles 12% as operational expenses jump 66% YoY in Q2

In the quarter under review, the company’s operational revenue went up 6 per cent at Rs 826 crore, while total expenses jumped 66 per cent to Rs 500 crore over the corresponding quarter of the previous year. Additionally, the company’s advertisement revenue came in at Rs 337 crore, down 1.5 per cent YoY, impacted by a weak economic environment. READ MORE  

1:48 PM

Stocks that hit 52-week low on the NSE

1:33 PM

EARNINGS ALERT | Gujarat Borosil reports loss of Rs 4.5 cr against profit of Rs 5.3 cr YoY

1:31 PM

Soon, the burden of dividend tax may shift from companies to investors

The move would be the latest in a series of steps from Prime Minister Narendra Modi’s government to prop up growth from the lowest in six years. Over recent months, authorities have slashed corporate taxes, rolled back a levy on global funds, injected $10 billion into struggling state banks, and eased foreign investment rules to encourage companies to boost spending. READ MORE  

1:22 PM

BUZZING STOCK | MGL jumps 7%

1:20 PM

Most industrial stocks slip; S&P BSE Industrials slide over 1%

1:08 PM

BUZZING STOCK | ZEEL slips around 4.50%

12:55 PM

BROKERAGE RADAR :: Reliance Securities on Kalpataru Power

We value KPP’s standalone business at Rs470 (14x of FY21E standalone earnings), JMC at Rs57 (10x of FY21E earnings) and SSL at Rs21, and other assets at Rs 26. With healthy growth outlook and value-unlocking of subsidiaries, we maintain our BUY recommendation on the stock with an SOTP-based Target Price of Rs 573.  

12:55 PM

Earnings Alert | Zydus Wellness Q2

-- Consolidated net loss at Rs 12 cr vs profit of Rs 41.4 cr

12:54 PM

ABB trades lower ahead of results

12:43 PM

NEWS ALERT | Sun Pharma promoter released pledge on 13 lakh shares on Nov 1: CNBC TV18

12:37 PM

MARKET CHECK | Top gainers on the BSE at present

12:21 PM

BROKERAGE RADAR :: Motilal Oswal Research on Power Grid

We note that capitalization run-rate for FY20 may still be at risk if the Raigarh-Pugalur project gets deferred. Further, the nature and clarity of the company’s asset monetisation program needs to be watched. However, PWGR’s stock trades at just 1.4x/1.2x FY21/FY22E P/BV for steady long-term growth and under-penetrated market. Maintain Buy with DCF-based TP of Rs 244/share.