MARKETS WRAP: Sensex rises 132 pts, Nifty reclaims 10,500; IT, pharma gain

Catch all the live market action

3:47 PM

Sectoral gainers & losers on NSE

3:46 PM

S&P BSE Sensex: Top gainers & losers

3:00 PM

Market check

Index	Current	Pt. Change	% Change
S&P BSE SENSEX	34,850.82	+117.24	+0.34
S&P BSE SENSEX 50	10,982.09	+41.71	+0.38
S&P BSE SENSEX Next 50	30,908.58	+74.38	+0.24
S&P BSE 100	10,733.01	+38.59	+0.36
S&P BSE Bharat 22 Index	3,335.19	+3.44	+0.10

2:51 PM

Buzzing stocks

Trident zooms 19% after Q2 PAT comes in at Rs 109.1 crore against Rs 50.9 crore (YoY)

2:45 PM

Midcap IT shares surge; LTTS, Aptech, Mphasis, RS Software rally up to 20%

 

Shares of midcap and smallcap companies have rallied by up to 20% on the BSE on back of heavy volumes. L&T Technology Services (LTTS), Aptech, RS Software and HCL Infosystems were up more than 10% each, while Ramco Systems, Mphasis, KPIT Technologies, Sonata Software and NIIT gained in the range of 4% to 7% on the BSE. In comparison, the S&P BSE Sensex was trading flat at 34,749 points at 01:02 PM. Read More

2:29 PM

Earnings Impact

 

IndusInd Bank posted a 4.6 per cent rise in second-quarter profit on Monday, helped by higher interest income.

 

Net profit was Rs 9.20 billion ($124.36 million) for the quarter ended Sept. 30, compared with Rs 8.80 billion a year earlier, the private sector lender said in a statement.

2:15 PM

Will oil be lucky for the RBI?

 

The decision by the Reserve Bank of India (RBI) to not raise rates on October 5 took the market completely off-guard. The market consensus (including mine) was a rate hike by the RBI in consonance with a weakening rupee and the threat of Brent touching the magical three-figure mark. The rupee recovered strongly on Friday, with oil, the US treasury rates all retreating from their highs. READ MORE

2:00 PM

Market Check

Index	Current	Pt. Change	% Change
S&P BSE SENSEX	34,708.33	-25.25	-0.07
S&P BSE SENSEX 50	10,926.71	-13.67	-0.12
S&P BSE SENSEX Next 50	30,751.00	-83.20	-0.27
S&P BSE 100	10,678.78	-15.64	-0.15
S&P BSE Bharat 22 Index	3,316.67	-15.08	-0.45

1:45 PM

When to use Price/Sales to value companies?

 

One of the most popular measures of valuations in the stock markets is the P/E ratio or the Price/Earnings ratio. It essentially measures what the market is willing to pay for every rupee earned by the company. For example, if the P/E of a company is 15 then it means that the market is willing to pay Rs 15 as the market price for every earned by the company in the form of EPS. P/E keeps changing over time. For example, when the growth prospects of a company improve or when its ROE improves, the P/E of the company is automatically upgraded. But what do you do in case of loss-making companies? Read More

1:30 PM

Crude oil the catch for India's bonds after inflation offers relief

 

Is it too early still to call time on the almost year-long slump in India’s bond market? Consumer prices grew slower-than-expected in September, according to data late Friday, supporting a surprise decision by the central bank to hold rates. With the Reserve Bank of India set to spend 360 billion rupees ($4.9 billion) on bond purchases in October, and the rupee pulling back from a record low, bond traders are turning their focus on where crude oil prices are heading. Read More

1:15 PM

EMs in healthy economic shape, bulls start to outweigh the bears: Survey

 

The bulls are finally starting to outweigh the bears in emerging markets. After two quarters of declines, developing-nation assets will find a floor and remain stable in the final three months of the year as central banks from Argentina to Turkey move to defend their currencies, a Bloomberg survey shows. Read More

1:00 PM

Nifty IT index trading nearly 1% higher led by Tech Mahindra

12:45 PM

Don't be shy of shifting lenders if you see a significant benefit

 

In response to a public interest litigation (PIL) filed by Moneylife Foundation, the Supreme Court has directed the Reserve Bank of India (RBI) to respond within six weeks to representations made by the Foundation on unfair practices followed by banks in setting their floating-rate loans. Hopefully, this and similar other efforts will lead to greater transparency in the way interest rates are set on home loans. READ MORE

12:30 PM

Watch the numbers of auto and consumer durable companies carefully

 

The Monetary Policy Committee’s (MPC’s) decision to hold policy rates at the last review surprised the markets. There is some underlying justification. There has been a focus on currency and energy markets. But other commodities’ trends have slipped under the radar. Metals are bearish and so are agro commodities and that balances off higher energy costs to an extent. Read More

12:15 PM

Sugar stocks extend rally; Uttam Sugar, Dwarikesh jump over 40% in one week

 

Shares of sugar companies were trading higher for the fifth straight day, surging up 20% on Monday in an otherwise subdued market. Thiru Arooran Sugars, Dwarikesh Sugar Industries, Uttam Sugar Mills, Dalmia Bharat Sugar and Industries and Ponni Sugars (Erode) were up in the range of 14% to 20%, while Bannari Aman Sugars, Balrampur Chini Mills, EID Parry (India), Andhra Sugars and KCP Sugar gained between 5% and 9% on the BSE. Read More

12:04 PM

NEWS ALERT
September WPI inflation at 5.13% vs 4.53% in August

12:03 PM

NEWS ALERT Rupee extends decline, trades at 73.98 against US dollar

12:00 PM

Market check

Index	Current	Pt. Change	% Change
S&P BSE SENSEX	34,621.69	-111.89	-0.32
S&P BSE SENSEX 50	10,909.94	-30.44	-0.28
S&P BSE SENSEX Next 50	30,861.50	+27.30	+0.09
S&P BSE 100	10,670.50	-23.92	-0.22
S&P BSE Bharat 22 Index	3,314.30	-17.45	-0.52

11:45 AM

Adani, Bharti, Bajaj lose most in percentage terms in latest market rout

 

Among the top 10 business groups in the country, Adani, Bharti and Bajaj have lost the most in percentage terms in the latest market rout. The benchmark S&P BSE Sensex has come off 11 per cent from its all-time high on August 28. In comparison, the value of promoter holding of Adani group companies is down 24 per cent or Rs 256 billion ($3.5 billion) and that of Bharti group is down nearly 20 per cent or Rs 253 billion. Read More

11:30 AM

Eicher Motors bets on festive season, new launches to prop up sales

 

Eicher Motors’ shares are down by a fifth from their last month highs on worries of slowing sales, higher product costs, production disruption and rising competition. The key worry for the maker of Royal Enfield motorcycles is the near-term volume pressure. While fiscal year-to-date sales have been healthy at 13 per cent, the company recorded a growth of just two per cent in September. But, if Eicher can turn around the recent volume trend, investor sentiment could also revive given the drop in stock valuations. And there is hope, say analysts. Read More

11:15 AM

Long-term SIPs help you take advantage of market lows; know how to gain

 

The sharp fall in the markets has made some mutual fund investors nervous. Those investors who started their systematic investment plans (SIPs) six months or a year back are concerned about the large drawdown in their investments. However, those who have had longer-tenure investments in SIPs are sitting on healthy returns. Data from Value Research show that one-year SIPs in mid- and small-cap schemes have yielded negative returns of 24 per cent and 31 per cent, respectively. Read More

11:00 AM

Sugar stocks surge on reports that govt may increase ethanol production

COMPANY	LATEST	PREV CLOSE	GAIN( )	GAIN(%)	VOLUME
THIRU AROOR. SU.	33.20	27.70	5.50	19.86	10147
UTTAM SUG.MILLS	155.45	134.10	21.35	15.92	103442
DALMIA BHARAT	95.10	82.20	12.90	15.69	84563
PONNI SUG.ERODE	140.05	122.10	17.95	14.70	527
DWARIKESH SUGAR	33.35	29.10	4.25	14.60	676927

10:45 AM

Pharma shares in focus; Dr Reddy's, Biocon, Lupin, Natco Pharma up over 3%

 

Shares of pharmaceutical were in focus in an otherwise subdued market on Monday with Nifty Pharma index gaining nearly 2% against 0.17% decline in the Nifty 50 at 09:36 am. Dr Reddy’s Laboratories, Lupin, and Biocon from the index were up in the range of 3% to 4%, while, Sun Pharmaceutical Industries, Cipla, Glenmark Pharmaceuticals, Cadila Healthcare, Aurobindo Pharma and Divi’s Laboratories up between 1% and 2% on the NSE. In comparison, the Nifty Pharma index, the largest gainer among sectoral indices, was up 1.7% at 9,683 points. Read More

10:30 AM

Should you buy HUL after Q2 numbers? Here's what brokerages have to say

 

Shares of Hindustan Unilever (HUL) slipped as much as 3.23 per cent to Rs 1,511.40 apiece on Monday. The company announced its September quarter earnings on Friday where it reported a 19.51 per cent increase in net profit at Rs 15.25 billion. Sales came in at Rs 91.38 billion as against Rs 81.99 billion in the year-ago period, up 11.45 per cent. The FMCG major also posted a 10 per cent volume growth during the quarter, compared with 12 per cent growth in the immediately preceding quarter and four per cent a year ago. Read More

10:15 AM

Q2FY19 Preview: Speed bumps ahead for the auto sector

 

Second quarter of the financial year 2018-19 (Q2FY19) has been a roller coaster ride for most of the auto companies. Several macro headwinds like rising fuel prices, increasing finance cost and hike in insurance premium have acted as speed breakers. However, while the speed of growth has definitely slowed down over last two months especially in the passenger vehicle (PV) segment (-0.7% YoY), high base effect, too, has had an impact on the volume. READ MORE

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10:00 AM

Market check

Index	Current	Pt. Change	% Change
S&P BSE SENSEX	34,602.46	-131.12	-0.38
S&P BSE SENSEX 50	10,901.19	-39.19	-0.36
S&P BSE SENSEX Next 50	30,783.75	-50.45	-0.16
S&P BSE 100	10,659.19	-35.23	-0.33
S&P BSE Bharat 22 Index	3,311.25	-20.50	-0.62

9:45 AM

Avenue Supermarts falls 7% after margin disappointment

 

Shares of Avenue Supermarts, which runs the D-Mart supermarkets chain, dipped 7% to Rs 1,318 on the BSE in early morning after margin disappointment in the second quarter of current financial year 2018-19 (Q2FY19). The company’s EBITDA (earnings before interest, tax, depreciation and amortization) margin declined 110 basis points at 8.0% in Q2FY19 as compared to 9.1% in Q2FY18, Avenue Supermarts said in a statement. Read More

9:30 AM

Interview of the day: Present market turmoil may be a passing phase India faces every 3-4 years, says A Balasubramanian

 

The markets are down 11 per cent from recent peak levels in September. A BALASUBRAMANIAN, chief executive officer at Aditya Birla Sun Life AMC, tells Puneet Wadhwa that his investment strategy thus far in 2018 has been to stay focused on stock-specific investments. Edited excerpts: How do you see the markets playing out over the next few months? So far the year has been extremely tough given the changes in the macro environment, led by oil price movement, currency volatility and rising interest rates. Read More

A Balasubramanian, Chief Executive Officer, Aditya Birla Sun Life AMC

9:20 AM

Sectoral trend on NSE

9:18 AM

S&P BSE Sensex top gainers and losers