ITC, Cipla, Ashok Leyland, Bank of India, Union Bank of India, Vedanta, BHEL, Aditya Birla Fashion, Central Bank of India, Dilip Buildcon, Glenmark Pharma, SAIL are among 219 companies due to announce their Q2 results today
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06 Nov 2020, 03:51:00 PM IST
Indian equities hold rally for fifth straight day, indices surge over 1%
Indian stock markets rallied for the fifth consecutive day on Friday, with benchmark indices surging over 1%. Gains were led by index heavyweight Reliance Industries Ltd and financial stocks.
At close today, Sensex was 552.90 points or 1.34% higher at 41,893.06 while the Nifty gained 143.25 points or 1.18% to end at 12,263.55. Broader indices, Nifty Smallcap100 and Nifty Midcap100 indices gained 0.5% each.
BSE Midcap and Smallcap indices ended 0.3-0.5% higher.
Among sectors, Nifty Private Bank rallied the most, rising over 2% followed by Nifty Financial Services, Nifty IT and Nifty Realty. Nifty Pharma and Nifty FMCG, however, ended in the red.
06 Nov 2020, 03:26:55 PM IST
SC says 9 November e-auction of 37 coal blocks, including five in Jharkhand, shall be subject to its orders: PTI
06 Nov 2020, 03:22:53 PM IST
Pressure on margins here to stay, says Bank of India CEO
State-owned Bank of India (BoI) expects pressure on margins to continue given the lack of credit demand and transmission of interest rate cuts, as per chief executive AK Das.
The bank’s net interest margin (NIM), a key measure of profitability, stood at 2.66% in the September quarter, an improvement of 18 basis points sequentially.
06 Nov 2020, 03:20:28 PM IST
Most active stocks on Nifty
06 Nov 2020, 03:19:40 PM IST
06 Nov 2020, 03:15:32 PM IST
Sensex near day's high
06 Nov 2020, 03:07:58 PM IST
SC grants protection from arrest to journalist Arnab Goswami in Maharashtra assembly breach of privilege case: PTI
06 Nov 2020, 03:04:05 PM IST
Rupee settles 28 paise higher at 74.08 to a dollar
06 Nov 2020, 03:02:59 PM IST
Market check at this hour
06 Nov 2020, 02:56:25 PM IST
Aditya Birla group company place bids for Odisha coal mine
Aditya Birla Group’s EMIL Mines and Minerals Resources Ltd and Aurobindo Reality and Infrastructure Private Ltd placed winning bids for Radhikapur (East) coal mine in Odisha and Urma Paharitola mine in Jharkhand respectively, according to a government official.
These two mines that were bid out on the fifth day of commercial coal mine auctions have geological coal reserves of 755.63 million tonnes. A total of 17 coal mines have been auctioned till date under the commercial coal mine auctions that began on Monday, wherein the fuel is being awarded on a revenue-sharing basis. Earlier, blocks were awarded on a fixed payment per tonne basis.
06 Nov 2020, 02:28:53 PM IST
Announcement of next set of stimulus in November not ruled out: CNBC TV18
06 Nov 2020, 02:25:56 PM IST
European equities under pressure
European stocks struggled for momentum on Friday after a strong rally this week as Italy and France posted a record number of coronavirus cases, while the counting of U.S. election votes continued.
The pan-European STOXX 600 index was down 0.1% by 0818 GMT after a five-day winning run that put the index on course for its best week since early April.
06 Nov 2020, 02:14:55 PM IST
Nifty Private Bank top gainer among sectoral indices
06 Nov 2020, 01:54:21 PM IST
Nifty Bank surges nearly 2%
06 Nov 2020, 01:53:19 PM IST
Bank of India September quarter consolidated net profit at ₹525.8 crore
Bank of India on Friday reported an over two-fold jump in its September quarter consolidated net profit at ₹543.47 crore while asset quality improved.
The bank had posted a net profit of ₹257.31 crore for the same quater a year ago.
Total income rose to ₹12,477.79 crore in July-September from ₹12,062.55 crore in the year-ago period, the state-owned lender said in a BSE filing.
On standalone basis, the net profit in the quarter rose to ₹525.78 crore as against ₹266.37 crore a year ago.
Gross non-performing assets (NPAs) fell to 13.79% of gross advances as on 30 September from 16.31% in the year-ago period.
06 Nov 2020, 01:44:47 PM IST
IndusInd Bank surges nearly 4%, among top gainers on Sensex
06 Nov 2020, 01:33:50 PM IST
Banks, financials surge, push Sensex higher
06 Nov 2020, 01:13:55 PM IST
Nifty Financial Services extends gains
06 Nov 2020, 01:11:13 PM IST
Nifty's broad market indices at this hour
06 Nov 2020, 01:03:05 PM IST
SC upholds Trai drive against specialised offers given to customers looking to migrate to rival networks
06 Nov 2020, 12:37:58 PM IST
Amazon Web Services to open second cloud region in India by 2022
Amazon Web Services (AWS), the cloud computing arm of e-commerce major Amazon.com Inc., on Friday said it would launch a second cloud infrastructure region in India by mid-2022 as part of its expansion plans.
06 Nov 2020, 12:35:28 PM IST
Gold declines on strong dollar
Gold fell on Friday, as the dollar gained, but was set for its best week since late July on hopes for more central bank economic support as investors bet on a divided U.S. Congress under a Joe Biden presidency.
Spot gold fell 0.5% to $1,939.10 per ounce. Prices had soared 2.4% on Thursday on a dollar slide, setting them up for a 3.2% weekly gain.
U.S. gold futures dropped 0.3% to $1,940.20 per ounce.
06 Nov 2020, 12:29:30 PM IST
India chief of defence says China clash may lead to wider conflict: Bloomberg
06 Nov 2020, 12:22:58 PM IST
Bajaj Finserv top gainer on Sensex at this hour
06 Nov 2020, 12:21:32 PM IST
Fitch Solutions sees India FY21 fiscal deficit at 7.8% vs 8.2% projected
Fitch Solutions, an affiliate of Fitch Ratings, on Friday revised downward its estimate for India's FY21 fiscal deficit to 7.8% of GDP from 8.2% projected earlier, anticipating higher revenue receipts and lower government spending.
"This was mainly driven by a strong recovery in tax revenues during Q2FY21, which suggests a faster than previously anticipated path of recovery for fiscal receipts over the fiscal year. That said, we maintain our view for FY21 receipts to be lower relative to FY20. Meanwhile, we have also revised our outlook for central government expenditures to come in slightly below budget projections, revenue constraints will likely see some winding down of fiscal spending on a year-on-year basis over the second half of FY21," it said in a report.
06 Nov 2020, 12:09:31 PM IST
Royal Enfield eyes further global expansion
Faced with growing competition in the domestic market Royal Enfield, plans to expand further to global markets.
Siddhartha Lal, Managing director, Eicher Motors, said the company has already taken the first step towards that direction. "We continue to focus a lot on the global markets. Our approach has been to take the first few steps and then build upon them to make deeper inroads" Lal told Mint in an interview.
06 Nov 2020, 12:04:57 PM IST
RIL extends gains, stock up over 3% now
06 Nov 2020, 11:49:42 AM IST
Nifty Pharma worst hit among sectoral indices
06 Nov 2020, 11:36:18 AM IST
India rupee at 74.03 to a dollar vs 73.99/dollar at open
06 Nov 2020, 11:35:13 AM IST
Nifty technicals: Sameet Chavan, chief analyst-technical and derivatives, Angel Broking
The way we moved in the last couple of days, we anticipated a possible breakout in the upward direction.
We have finally broken out from some crucial resistance and hence, looking at the price behavior, we expect this northward move to continue towards 12250 – 12400 now. But since, the actual verdict is yet to come; we cannot just overlook this development. Traders should keep a close track of it and how markets react post the outcome. But despite this, we still believe that in case of any weakness 12000 – 11900 should now act as a sheet anchor for the bulls. Yesterday, almost all sectors participated in the rally, which is always considered a healthy sign for the market.
Also, we would like to highlight that the NIFTY MIDCAP 50 index which was consolidating and interestingly placed since the last few days, has finally confirmed a huge breakout on the daily chart. Mostly it is observed that Mid and Small cap indices confirm a bigger breakout only when the market feels that the uncertainty is behind us and is likely to witness some strong rally in the near future. Going by this logic, it adds more conviction and hence, we expect some encouraging moves to come in the broader market.
06 Nov 2020, 11:11:03 AM IST
Nifty Financial Services among top sectoral performers
06 Nov 2020, 11:08:35 AM IST
Coal mine auction: Odisha, Jharkhand mines under hammer today
The fifth day of commercial coal mine auctions is expected to see Adani Enterprises Ltd (AEL), EMIL Mines and Minerals Resources Ltd, Jindal Steel and Power Ltd and National Aluminium Company Ltd vying for Radhikapur (East) mine in Odisha.
Also, Adani Power Resources Ltd, Welspun Steel Ltd, Aurobindo Reality and Infrastructure Private Ltd, JMS Mining Private Ltd, Adicorp Enterprises Private Ltd, India Coke and Power Private Ltd and JMS Mining Private Ltd are in fray today for the Urma Paharitola mine in Jharkhand.
06 Nov 2020, 11:02:27 AM IST
06 Nov 2020, 10:37:57 AM IST
India covid case count at 84 lakh, death toll at 1,24,985
06 Nov 2020, 10:35:48 AM IST
Nifty sectoral indices higher
06 Nov 2020, 10:32:06 AM IST
SpiecJet, InterGlobe Aviation rise as cap on domestic flights to be relaxed
The cap on the number of domestic flights for Indian airlines will be raised to 70-75% of their pre-COVID levels as the passenger traffic surges, the civil aviation ministry said on Thursday.
Last week , it had said that Indian airlines can operate maximum 60% of their pre-COVID domestic passenger flights till February 24 next year due to the pandemic.
06 Nov 2020, 10:18:53 AM IST
Berger Paints rises following Q2 results
Berger Paints India Ltd on Thursday reported a 13.5% year-on-year rise in its September consolidated net profit to ₹221.05 crore. Revenue from operations was at ₹1,742.55 crore during the quarter under review, up from ₹1,598.58 crore in the corresponding period of the previous fiscal.
06 Nov 2020, 10:13:16 AM IST
Indian rupee at 73.99 to a dollar vs Thursday's close of 74.39/dollar
06 Nov 2020, 10:09:07 AM IST
Nifty tops 12,200
06 Nov 2020, 10:03:11 AM IST
Nifty broad market indices at this hour
06 Nov 2020, 10:01:04 AM IST
Nifty view: Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments
The trend of the index is positive and we should work towards a target of 12300-12400. Since the markets have run up in the last couple of days, it would be best to accumulate the Nifty on dips for higher targets. The support for the index is at 11500 so the risk reward would be favourable if we enter closer to the support price.
06 Nov 2020, 09:35:24 AM IST
ITC slips ahead of September quarter results
06 Nov 2020, 09:29:08 AM IST
India, China to have dialogue to resolve border dispute
India and China will sit down for their eighth round of military talks on Friday in another attempt to work out steps to preserve an uneasy truce amid unprecedented tensions on the border between the two countries.
Analysts said expectations of a “breakthrough" were low with doubts over what could constitute a breakthrough in the current circumstances, seen as a state of heightened tensions unseen in decades.
06 Nov 2020, 09:26:50 AM IST
RIL zooms on investment from Saudi fund
Saudi Arabia’s Public Investment Fund (PIF) will invest ₹9,555 crore for a little over 2% stake in Reliance Industries Ltd’s (RIL) retail unit, taking total investments into India’s largest retailer to about ₹47,265 crore.
This will be the second such investment by the Saudi sovereign wealth fund in an RIL unit this year. PIF had earlier acquired a 2.32% stake in Jio Platforms Ltd, the digital services subsidiary of RIL, for about ₹11,367 crore.
06 Nov 2020, 09:22:58 AM IST
Top gainers/losers on Nifty
06 Nov 2020, 09:21:36 AM IST
Sensex stocks in early deals
06 Nov 2020, 09:18:54 AM IST
Nifty in opening deals
06 Nov 2020, 09:18:29 AM IST
Markets in opening deals
06 Nov 2020, 09:04:53 AM IST
Sensex stocks at pre-open
06 Nov 2020, 09:03:41 AM IST
Nifty at pre-open
06 Nov 2020, 09:03:08 AM IST
Markets at pre-open
06 Nov 2020, 08:56:07 AM IST
Oil down nearly 2% amid COVID-19, U.S. election concerns: Reuters
U.S. oil fell nearly 2% on Friday as new lockdowns in Europe to contain the spread of the coronavirus disease raised questions about the outlook for crude demand, while markets remained on edge over the drawn-out vote counting in the U.S. election.
West Texas Intermediate was down 73 cents, or 1.9%, at $38.06 a barrel in Asian deals, after dropping 0.9% on Thursday. Brent crude was off 72 cents, or 1.8%, at $40.21, having fallen 0.7% in the previous session. Still, the contracts are heading for their first weekly gain in four.
06 Nov 2020, 08:42:25 AM IST
Sebi raises foreign investment limit for individual AMCs
The Securities and Exchange Board of India (Sebi) has raised the foreign investment limit per fund house from $300 million to $600 million. The move comes after several AMCs approached the regulator to increase the limit.
A surge of interest in international investing pushed some AMCs close to the previous foreign investment limit of USD 300 million.
ITC, Cipla, Ashok Leyland, Bank of India, Union Bank of India, Vedanta, BHEL, Aditya Birla Fashion, Central Bank of India, Dilip Buildcon, Glenmark Pharma, SAIL are among 219 companies due to announce their Q2 results today.
06 Nov 2020, 08:37:25 AM IST
SGX Nifty slips
SGX Nifty futures drifted lower, down 0.3% at 12,168.50.
On Thursday, BSE Sensex ended at 41,340.16, up 724.02 points or 1.78%. The Nifty was at 12,120.30, up 211.80 points or 1.78%.
06 Nov 2020, 08:32:13 AM IST
Asian equities mixed as investors eye US poll outcome
Asian equities were mixed in early deals on Friday as the U.S. election count continued. The dollar edged up from its lowest in more than two years.
S&P 500 and Euro Stoxx 50 futures retreated, while a gauge of Asia-Pacific shares edged higher.
S&P 500 futures dipped 0.4% as of 1110 am in Tokyo. The gauge rose 2% on Thursday.
Japan’s Topix index rose 0.7% while Hang Seng index advanced 0.2%. Shanghai Composite dropped 0.1%.
06 Nov 2020, 08:23:58 AM IST
US stocks jump as as investors bet Republicans to hold onto Senate
U.S. stocks jumped on Thursday as investors bet Republicans would hold onto the Senate and prevent changes under a possible Joe Biden White House that would crimp corporate profits, Reuters reported.
The Dow Jones Industrial Average rose 1.95% to end at 28,390.18 points, while the S&P 500 gained 1.95% to 3,510.45. The Nasdaq Composite climbed 2.59% to 11,890.93.
Volume on U.S. exchanges was 10.42 billion shares, more than the 9.16 billion average for the full session over the last 20 trading days.
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