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MARKET WRAP: Sensex gains 170 pts as financials gain; Nifty50 tops 11,850

All that happened in markets today.

SI Reporter New Delhi
Sensex, Nifty fall amid hike in crude oil price, deficient monsoons

3 min read Last Updated : Nov 14 2019 | 4:10 PM IST

3:44 PM

Nifty snapshot

3:43 PM

Index watch

3:39 PM

CLOSING BELL

The S&P BSE Sensex gained 170 points or 0.42 per cent to end at 40,286.48 levels while NSE's Nifty50 index ended above 11,850-mark to end at 11,870.45.  

3:21 PM

EARNINGS ALERT | Dilip Buildcon Q2 net profit slips 57% YoY to Rs 29 cr

3:08 PM

NEWS ALERT | Govt confident of completing initial probe against Indiabulls grp: govt sources to CNBC TV18

-- S. Gehlaut writes to MCA Secy, says company is cooperating with the authority

-- Govt to submit report in court on Nov 29

3:06 PM

MARKET CHECK | ICICI Bank hits new high; HDFC Bank nears record high

3:02 PM

NEWS ALERT | Govt to mull cutting stake in IOC to below 51%: Agencies

2:58 PM

Earnings Alert | Grasim Q2

-- Standalone net profit at Rs 526.5 cr

-- Revenue at Rs 4,797.4 cr

-- EBITDA at Rs 659.3 cr; margin at 13.7%

2:48 PM

Dixon Technologies surges 12% as Q2 profit more than doubles

The company’s revenue during the quarter jumped 90 per cent to Rs 1,405 crore from Rs 741 crore in the corresponding quarter of previous fiscal. EBITDA (earnings before interest, tax, depreciation and amortisation) margin improved 10 basis points (bps) sequentially and unchanged on yearly basis at 4.7 per cent. READ MORE 

2:34 PM

MARKET CHECK | Top 5 losers on the BSE at present

2:26 PM

Slowdown blues for liquor: Consumption took a beating in September quarter

The growth in liquor sales is unlikely to see a meaningful revival in the second half of this financial year as the impact of economic slump and liquidity deficit in trade channels has cast a shadow over the sector.
 
Experts are of the opinion that though the second half of this financial year will see some recovery, volume growth is likely to remain in single digit as compared to the double-digit rise recorded in past years. READ MORE

2:13 PM

BROKERAGE RADAR | Edelweiss Securities on Symphony

Given intensifying competition in the air coolers industry and SYML’s single-product focus, we believe defending market share while maintaining a superior margin/cash flow profile vis-a-vis peers is expected to be challenging. Hence, we maintain ‘REDUCE/SU’ with a revised TP of Rs 770 (Rs 740 earlier, 25x) while rolling forward the valuation to March 2021E.

1:57 PM

Global Markets Check

-- Asian stocks fell on Thursday after soft economic data in China and Japan showed the trade war between Beijing and Washington hitting growth

-- MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.3%, Japan’s Nikkei stock index fell 0.8%, and.Australia’s S&P/ASX200 wiped earlier gains to close 0.5% higher.

-- European stock futures point to a flat open after recent rises. U.S. futures were down 0.1%, following a record-high close on the S&P 500 on Wednesday.

(Source: Reuters)

1:50 PM

Earnings Alert | Vedanta Q2

-- Consolidated net profit at Rs 2,158 crore, up 60% YoY

-- Cons revenue at Rs 21,958 cr, down 3.3% YoY

-- Cons EBITDA at Rs 4,423 cr, down 13.8% YoY

1:47 PM

Biggest drop in power demand makes Indian banks' bad debt headache worse

Banks had about Rs 1.8 trillion ($25 billion) of stressed loans to India’s coal-fired power generators as of last year, according to the State Bank of India. Prospective bidders for these stressed generators are wary as demand from the country’s power distribution utilities contracted in three straight months to October.
 
India’s electricity demand is closely linked to its industrial output, which contracted in September to its lowest level in eight years. An overwhelming majority of data is pointing to continued weakness in the economy that expanded 5 per cent in the quarter ended June -- the slowest pace in six years. READ MORE

Topics :MarketsMARKET WRAP

First Published: Nov 14 2019 | 7:26 AM IST