Easing inflaton lifts Sensex 742 pts, Nifty atop 19,650; Realty, IT lead

Closing Bell on November 15, 2023: Tech M, Wipro, Tata Steel, Infosys, Tata Motors, JSW Steel, TCS, Reliance Industries, Axis Bank, ITC, HCL Tech, and HDFC Bank were top Sensex gainers

3:57 PM

Tech View :: 'Bullish trend to sustain in Nifty till it holds 19,500'

Nifty50
On the daily chart, the index has shown significant upward momentum after a consolidation phase, indicating an increase in optimism. The overall trend appears positive, with the index consistently maintaining levels above the critical moving average. Looking ahead, bullish sentiment is likely to persist as long as the index remains above 19,500. On the upper side, resistance is anticipated in the range of 19,700 to 19,850.

Views by:  Rupak De, Senior Technical analyst at LKP Securities

3:54 PM

Comment :: 'Easing inflation to bring FPI flows back to India'

The market's strong gap-up jump in response to positive global cues on account of the softer than anticipated US and UK's inflation data, highlights the optimism for an end to the interest rate cycle, as evidenced by the ease in bond yields.

This is likely to draw FII flows into emerging markets, which is good for India considering the current better earnings season and the festive demand pick-up.

The drop in the CPI for India also improved the mood. The rebound was broad based with IT, realty, oil & gas, metal, and auto leading the way.

Views by: Vinod Nair, Head of Research at Geojit Financial Services

3:45 PM

Currency check :: Rupee ends 19 paise higher at 83.14/$

3:43 PM

SmallCap Heatmap :: Index outshines peers, gains 1.13%

3:42 PM

MidCap Heatmap :: Index gains 0.9% led by Solar Industries, Oberoi Realty

3:40 PM

Sectoral trends :: Realty index gains 3%, IT index 2.6%

3:38 PM

Sensex Heatmap :: Only 3 stocks settle lower; Tech M up 4%, RIL 2%

3:37 PM

CLOSING BELL :: Nifty atop 19,650

3:36 PM

CLOSING BELL :: Sensex zooms over 700 pts

3:29 PM

Bond Market :: Yields on 10-year G-Sec ease as inflation eases

3:19 PM

India to emerge as third largest global economy by 2027: FM Sitharaman

Amidst supply-chain disruptions and economic turbulence due to contemporary conflicts that impact the Indo-Pacific, irrespective of whether they are occurring in relatively distant Ukraine or in relatively-proximate Israel or Yemen, and despite the palpable tensions prevalent in the South- and East China Sea, the Indian economy stands out as a bright spot, she said. READ MORE

3:04 PM

Global check:: Dow Jones, Nasdaq futures gain up to 0.3%

Source: Investing.com

2:54 PM

ALERT:: Knowledge Marine wins Rs 66 cr order; stock down 5%

Knowledge Marine & Engineering Works in an exchange filing said, Knowledge Dredging Co. W.L.L., Bahrain, its subsidiary, has received Letter of Intent (LOI) from Nass Corporation B.S.C. for the work of 'Supply and Sale of Dredged Marine Sand' for an amount of 3.01 million Bahraini Dinar (approx. Rs 66.38 crore) for a period of 5 Years. 

2:43 PM

Siemens rises 4% as German parent to buy additional 18% stake for $2.28 bn

Shares of Siemens climbed 4 per cent to Rs 3,566.5 apiece on the BSE in Wednesday's intraday trade after its German parent Siemens Aktiengesellschaft (Siemens AG) announced to acquire an 18 per cent additional stake in the company for 2.1 billion euros ($2.28 billion). READ MORE

2:32 PM

Domestic air traffic to rise 11% in Oct as leisure, biz travel increases

The rise in both leisure and business travel, coupled with a decline in crude oil prices and capacity deployment, is expected to add to the growth in passenger traffic. READ MORE

2:22 PM

Technical snag hits UCO Bank's IMPS; impact yet to be ascertained

Kolkata-based UCO Bank on Wednesday said its Immediate Payment Service (IMPS) was hit by a technical snag from November 10, 2023 to November 13, 2023. As a result, certain transactions of customers of other banks resulted in credit to UCO Bank leaving the account holders without actual receipt of money from these banking entities. READ MORE

2:11 PM

Nifty Realty soars 84% from March low; Prestige, Lodha rally 100% in 7 months

In Wednesday's trade, Nifty Realty rose 3 per cent to Rs 683.30, which was also its highest level since September 8, 2008. READ MORE

1:59 PM

ALERT:: Goodluck India board okays Rs 200 cr fund raise; stock trades flat

Goodluck India board has approved a proposal for raising of funds through issuance of equity shares of the company by way of Qualified Institutions Placement, for an aggregate amount up to Rs 200 crore.

1:48 PM

ALERT:: BSE IT index soars 2%; Tech M rallies 4%

1:36 PM

Asian economies must ramp up solar power to keep global warming under 1.5C

Nearly a third of that renewable energy should come from wind and solar power, said the report by researchers of Berlin-based Agora Energiewende. READ MORE

 

1:23 PM

ALERT:: Ethos Q2 net rises 37%; stock soars 6%

Ethos Q2 net profit rose 36.8 per cent to Rs 18.60 crore for the quarter ended September 2023 as against Rs 13.60 crore a year ago. Revenue from operations increased 32.4 per cent YoY to Rs 235.20 crore.

1:12 PM

Easing inflation, US yields: Key reasons why Sensex, Nifty rallied on Wed

Analysts said the recent inflation reading in the US suggests the Fed may be done with rate hikes and the timeline for rate cuts in 2024 could be sooner than expected. READ MORE

 

1:01 PM

China economy shows sparks of life despite weakness in real estate sector

China's economy showed more signs of reviving in October as retail sales and manufacturing picked up though the property sector remained sluggish, the government said Wednesday.

Factory output rose 4.6 per cent from a year earlier in October, while retail sales jumped 7.6 per cent, helped by robust spending during the weeklong National Day holidays. Read

12:48 PM

HPCL, BPCL, IOCL: OMCs rally up to 23% in Nov; will they sustain the gains?

Shares of oil marketing companies (OMCs) such as Hindustan Petroleum Corporation Limited (HPCL), Bharat Petroleum Corporation Limited (BPCL) and Indian Oil Corporation Limited (IOCL) have rallied 23 per cent, 11.5 per cent and 19 per cent so far in November on the back of a sharp fall in Crude Oil prices, and a bumper net profit in the September quarter. Read

12:36 PM

Funds over Rs 25,000 cr with Sebi in focus after Subrata Roy's death

The undistributed funds totalling over Rs 25,000 crore lying with the capital markets regulator Sebi's account have come back into focus after the demise of Sahara Group's chief Subrata Roy. Roy passed away in Mumbai on Tuesday night at the age of 75 after battling a prolonged illness. Read

12:25 PM

Stock of this private defence company has zoomed over 100% in one month

AMS is a pioneer in Design, Development and assembly of Custom Built Electronics and Electro-mechanical solutions. The company’s products are used across multiple industries including Aerospace Systems, Ground Defence, Space, Avionics Systems, Homeland Security, and Transportation. READ MORE

12:15 PM

India's weightage climbs to highest level on MSCI Global Standard index

ndian automaker Tata Motors, cables maker Polycab India, real estate firm Macrotech Developers, IndusInd Bank and Paytm-parent One 97 Communications were among the nine stocks to be added. No Indian stocks were deleted to accommodate the new additions. READ MORE

12:07 PM

ALERT :: Siemens Global to buy 18% stake in Siemens India for 2.1 bn euros

12:00 PM

ALERT :: Gland Pharma receives tentative approval from USFDA for Angiotensin II Injection

>> Gland Pharma will launch the product with its marketing partner on receipt of final approval.

>> The Angiotensin II Injection, 2.5 mg/mL Single Dose Vial (RLD: Giapreza Injection) has US sales of approximately $38 million for twelve months ending in September 2023, according to IQVIA.
 

11:43 AM

Manappuram Finance surges 10%, nears 52-week high on strong Q2 results

The company reported a better-than-expected 37 per cent yearly rise in September quarter (Q2FY24) profit at Rs 560.7 crore, aided by strong demand for loans. Consolidated asset under management (AUM) jumped 27 per cent to Rs 39,000 crore. READ MORE