MARKETS: Financials lift indices; Sensex up 282 pts, Nifty ends at 12,859

All that happened in the markets today

3:43 PM

Nifty IT gains 1.4%

3:42 PM

MARKET AT CLOSE | Gainers and losers on BSE Sensex

3:36 PM

CLOSING BELL

The S&P BSE Sensex ended 282 points, or 0.65 per cent higher at 43,882 levels while NSE's Nifty ended at 12,859, down 87 points, or 0.68 per cent.

3:29 PM

MARKET CHECK

3:18 PM

Vodafone Idea gains 9%

3:16 PM

BROKERAGE VIEW | Centrum Broking on LIC Housing Finance

RATING: BUY | TARGET PRICE: Rs 500 

LICHF earnings were ahead of estimates mainly led by lower provisioning. NII at Rs12.3bn and loan growth at 5% YoY were largely in-line. Overall business saw a strong revival with disbursements surging QoQ though higher repayments is a tad concerning. NIM came in as expected at 2.37% and the funding cost advantage continues with LICHF seeing a ~70-80bps reduction in WACC owing its sovereign rating. Provisions were lower at Rs1.0bn and COVID related provisions stand at Rs1.94bn. Adjusted for the SC order, stage-3 assets would have been 3.0% (reported 2.8%). Collection efficiency has reached 96% and the balance 3-4% of loans could enter restructuring. Due to a shift in provisions from FY21 to FY22 we raise our FY21E RoE from 10.2% to 11.8%. Maintain multiple at 1.4x FY22 ABV with TP of Rs 500. BUY.

3:07 PM

Wockhardt, Jammu & Kashmir Bank, GE Power, DHFL locked in upper circuit

Wockhdart was locked in upper circuit of 20 per cent at Rs 393 on the BSE. The stock of pharmaceutical company was trading close to its 52-week high of Rs 412 touched in February 2020. The trading volume jumped over three-fold with a combined 6.3 million shares changing hands. There were pending buy orders for 250,000 shares on the BSE and NSE, exchange data show. READ MORE 

2:59 PM

Ashok Leyland falls nearly 5%

2:49 PM

Pharma stocks slip in a strong market

2:40 PM

InterGlobe Aviation dips 2% on report Maharashtra govt may halt flight operations b/w Delhi and Mumbai

>> As per TV reports, Maharashtra govt is holding a meeting to discuss if flight ops between the cities need to be stopped in light of rising Covid-19 cases.

Alert: Delhi is seeing third wave of Covid-19 while Maha govt expects second wave in Maharashtra by January.

2:33 PM

Ratnamani Metals soars 31% in 8 days on winning orders worth Rs 140 crore

The company, on November 13, said that it has received a domestic order worth Rs 140 crore in carbon steel (CS) division for the supply of CS pipes for oil & gas sector. The order has to be executed between January, 2021 and May, 2021, it said. READ MORE

2:26 PM

BROKERAGE VIEW | Edelweiss Securities on BEL

RATING: BUY | TARGET PRICE: Rs 140 

We perceive improving traction on bunching up of large value complex systems (surface-to-air missiles), apart from higher service/upgrade orders posing upside risk to FY21-23E orders. In our view, BEL seems more capable to surprise the Street with better return/growth led by targeted policy action and high degree of agility/fungibility in capabilities. Maintain ‘BUY’ given niche/better returns potential.

2:18 PM

BUZZING STOCK | Graphite India jumps 15%

2:08 PM

Bajaj twins, Titan lead Sensex gainers

1:58 PM

MARKET CHECK

1:53 PM

Most PMS schemes underperform Nifty50 in Oct with avg returns of 0.85%

Ninety per cent of the 190 PMS strategies have underperformed the Nifty50 in October with average returns of 0.85 per cent against 3.5 per cent for the benchmark. Top performing strategies in the month include Alder Capital PMS (7.1 per cent), Marcellus’ Consistent Compounders (6.7 per cent) and Trivantage Capital Management’s Super Six (6.7 per cent), data from PMS Bazaar shows. READ MORE

1:43 PM

Fund managers ask govt to take steps for addressing poor show by PSU stocks

"Many of the PSU stocks today are available at deep value and much below their intrinsic value. Most of these names are sector leaders and are companies which are fundamentally sound given their inherent strength in their respective sector. Given the prevailing low interest rate environment, a combination of buy back, dividend, coupled with no further divestment is likely to help these names to recover to their intrinsic values," said S Naren, Chief Investment Officer (CIO), ICICI Prudential Mutual Fund (MF). READ MORE

1:33 PM

ITC, TCS: Trading strategies for defensive stocks in a volatile session

Defensive stocks such as information technology (IT), and pharma and have given stellar returns in the calendar year 2020. On a year-to-date (YTD) basis, the S&P BSE Information Technology index has gained 37 per cent while the S&P BSE Healthcare index has rallied 46 per cent. In comparison, the S&P BSE Sensex has gained 7.3 per cent during the period, exchange data show. READ MORE 

1:23 PM

Narayana Hrudayalaya surges 9%, hits record high in a range-bound market

In July-September quarter (Q2FY21), Narayana Hrudayalaya had reported healthy operational performance sequentially with consolidated EBITDA (earnings before interest, taxes, depreciation, and amortization) of Rs 37.2 crore as against a loss of Rs 86.3 crore in Q1FY21. EBITDA margins, on the other hand, were at 4.5 per cent as against -23.1 per cent in Q1FY21 and 14.8 per cent in Q2FY20. Consolidated operating income grew 52.7 per cent to Rs 600.7 crore from Rs 393.5 crore in previous quarter. READ MORE

1:13 PM

SpiceJet stock flies high on Boeing 737 MAX return, increasing air travel

The return of the 737 MAX, say analysts, will act as a game-changer. Once the 737 MAX takes to the skies, SpiceJet should start getting incentive for every aircraft as part of the sales and lease-back agreement of its aircraft order. Since the aircraft is high on fuel-efficiency, its return will positively impact the airline’s already stretched balance sheet. READ MORE

1:04 PM

BUZZING STOCK :: Wockhardt zooms 20%

12:50 PM

Blue Dart gains as economy reopens, demand from e-commerce segment grows

Blue Dart Express has been one of the biggest gainers in the BSE500 index, appreciating 30 per cent over the past month. Reopening of the economy and a spurt in demand from the e-commerce segment have led to an improvement in realisations and volumes. The stock has seen the highest earnings revision for FY22 among BSE 500 companies, with upgrades pegged at 58 per cent READ MORE

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12:41 PM

Sensex Heatmap at this hour

12:30 PM

Bank of Baroda: With loan recast hazy, strong re-rating few quarters away

If State Bank of India’s September quarter (Q2) results stunned the Street, Bank of Baroda’s (BoB) performance was no less. With over five per cent loan growth and 15 per cent growth in retail credit — aiding 128 per cent year-on-year (YoY) increase in net profit — the good show helped the stock gain over 11 per cent after Q2 results. READ MORE

12:22 PM

Titan Co trades 3.6% higher

12:11 PM

Market Voice :: Shyam Sekhar on risk perception

12:04 PM

Nestle India gains 3% in subdued market; trades at four-month high level

Shares of Nestle India were in focus, hitting four-month high of Rs 17,500, up 3 per cent on the BSE on Friday in otherwise subdued market. The rise comes on expectation of higher growth by the company going forward. The stock of packaged foods company was trading at its highest level since July 2020. It had hit a record high of Rs 18,301 on April 17, 2020. In comparison, the S&P BSE Sensex was trading flat at 43,600 points at 11:06 am. READ MORE

11:54 AM

ELSS :: Don't let poor three-year returns deter you from investing

Investing for tax saving is likely to be one of your top priorities in the coming days. These investments should not be deferred entirely till the fourth quarter as you could come under finan­cial pressure then. One of the options you should consider is tax-saver mutual funds (also called equity-linked saving schemes or ELSS). READ MORE

11:45 AM

Trading tips :: Shankar Sharma on value investing

11:39 AM

Commodity Heatmap