NEW 52-WEEK LOW ON NSE
NEW 52-WEEK HIGHS ON NSE
Closing Bell
Sensex climbs 317 points
BSE benchmark Sensex rose over 300 points on Wednesday following gains in auto, metals, realty, consumer durables and banking stocks amid buying by domestic institutional investors and rupee recovery.
The 30-share index spurted 317.72 points, or 0.90 per cent, to 35,774.88. The barometer had lost 175 points on Tuesday.
Sectoral indices, led by consumer goods, auto, metal, realty and healthcare, rose up to 1.50 per cent.
The NSE Nifty too was up by 81.20 points, or 0.76 per cent, at 10,763.40. Out of the 2,769 stocks traded, the advancers were significantly higher at 1,314 against the decliners which were at 1,304 and the shares that traded unchanged remained at 151
The rupee was trading higher by 32 paise at 71.61 against the American currency in late session.
The stock of Venus Remedies climbed 20% to Rs 58 today after the company announced positive top-line results in the Phase-3 Clinical Trials for its product Elores. Elores is a novel, patented critical care antibiotic combination targeting unmet medical needs in Antimicrobial Resistance (AMR) space. The announcement was made after market hours on November 15.
BSE SENSEX CHART
TOP 25 VOLUME GAINERS
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BSE SENSEX CHART
Key benchmark indices held on to gains and remained in the postive terrain supported by consumer durables, metal, realty, banking stocks, healthcare and auto stocks. Metal and realty sector indices rose over 1 per cent on the back of sustained buying from investors.
The BSE Sensex rose 204 points at 35,663.93, while the Nifty gained 45 points at 10,727.50.
Notable gainers among metal stocks were Jindal Steel , which was up over 3 per cent, National Aluminium , up by 3 per cent, Vedanta gained 2.50% and Hindalco was up 2.25% today.
Among Realty stocks, prominent gainers were DLF, SunTech, Oberoi Realty. DLF rose 3.35% at Rs 173.40, Oberoi Realty was up 3.25% and Sun Tech gained 3.40% at Rs 359 today
52 WEEK LOW ON NSE
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Nifty 50 November Futures (10,711)
The Nifty 50 futures contract continues to lack momentum to rally decisively above 10,700. Though the contract opened with a wide 48-point gap-up, it failed to sustain higher.
VA Tech Wabag stock has risen by over 2 per cent at Rs 294.80 on Monday on healthy order intake and strong order book growth indicating revenue visibility for about two years.
Broker's call: Va Tech Wabag (Marketperformer)
Chola Securities
Va Tech Wabag (Marketperformer)
CMP: ₹289.1
Target: ₹321
VA Tech Wabag is a leading MNC in the water treatment space. The company has vast experience in plant building, planning, execution and operation of drinking water plants and waste water plants for both municipal and industrial sectors.
Siemens down 4.50% on lower profit report
The stock of Siemens plunged over 4.50% at Rs 936.90
after Siemens had reported 55 per cent decline in standalone profit for the quarter ended on September 30, 2018. The firm’s net profit has dipped to Rs 279.2 crore. READ MORE
Jet Airways falls sharply as Tatas say deal only in preliminary talks
Jet Airways (India) Ltd's stock plunges as much as 12.5 per cent to Rs 303.05, in its first fall in five sessions. The stock posts biggest intraday per cent fall since August 10. Conglomerate Tata Sons Ltd said on Friday that it is only in preliminary talks with the struggling carrier but has not made a proposal to acquire a stake. READ MORE
Tata Investment stock surges 8% on buyback plan
Shares of Tata Investment Corporation on Monday jumped as much as 7.85 per cent to Rs 889.95, their highest since June 20 this year. The company said on Friday that it approved proposal to buy back up to 45 lakh shares worth up to Rs 450 crore.
Broker's call: Maruti Suzuki (Buy)
Epic Research
Maruti Suzuki (Buy)
CMP: ₹7,332.05
Target: ₹8,441
Maruti Suzuki India is a holding company. The company is engaged in the manufacture, purchase and sale of motor vehicles, components and spare parts (automobiles).
The BSE benchmark was trading higher by 118 points in the first hour session led by IT, Auto, healhcare and banking stocks.
However, the oil & gas sector was down by 108 points at 13,520.16 on stronger crude oil prices.
At the NSE, the Nifty gained 24 points at 10,706.25.
The market breadth, indicating the overall health of the market, was slightly positive. On the BSE, 1,109 shares rose against 1,003 shares that were seen declining. A total of 106 shares traded unchanged.
BSE AUTO INDEX
BSE HEALTHCARE INDEX
Prices of Television sets and appliances could go up by 3-10% per cent, with manufactureres raising sticker rates to adjust to the rupee depreciation and the recent increase in custom levies on imported refrigerators and washing machines. Following this report, The stock of VOLTAS gained nearly 1% to Rs 558 on the NSE today. Blue Star Ltd rose 2 per cent at Rs 623.55
Rupee sheds 9 paise against US dollar
The rupee depreciated by 9 paise to 72.02 against the US dollar in early trade Monday at the interbank foreign exchange, halting its four-day winning streak, ahead of RBI’s board meet.
Healthy core: IndusInd Bank
Strong loan growth and steady asset quality have made the bank a resilient performer. The stock of IndusInd Bank gained Rs 5 at Rs 1,506 on the NSE today.
IndusInd Bank: Resilient performer
Outlook remains positive for indices
A bullish inverted head and shoulder pattern means that indices could extend their upmove
Jawa, the iconic Czech motorcycle brand, has been reborn under the ownership of the Mahindra group as the company launched the first range in India. The Jawa and Jawa Forty Two are the brand’s new torch bearers, bringing back the classic appeal of Jawa with modern fittings .
M&M stock gained Rs 8.55 or 1.11% at Rs 779.15
The stock of Bajaj Electricals rose nearly 3 per cent today following a report that Bajaj Electricals is looking to double its turnover to Rs 7,000 crore in the current fiscal. The electrical appliances-maker posted a turnover of Rs.4716.39 crore in FY18. The company is also planning to increase its current distributor base to about 2 lakh by the end of the fiscal year from the present of around 1.85 lakh.
Reality Check: L&T: Going strong
The stock of engineering conglomerate L&T has been on a roll and is up over 14 per cent in the last month. The company reported a strong set of numbers for the September period. Revenues were up 21.3 per cent Y-o-Y to ₹32,081 crore in the second quarter of FY19, while net profits rose 22.6 per cent to ₹2,230 crore. The EBITDA (operating) margin was healthy at 11.8 per cent.
Zee Entertainment : In the right channel - Buy
Zee Entertainment is one of the largest players in the media and entertainment space and among the few companies in the segment that are profitable. The company has pan-India presence and is among the top three players in regional and Hindi markets. READ MORE ON THIS ARTICLE
Will RBI bite the bullet on Monday?
The financial world will watch the Reserve Bank’s crucial meet on Monday for varying reasons, including Urjit Patel’s next move on whether he will continue at the helm of RBI,
The BSE Healthcare index posted moderate gains today. The index was up 45 points at 14,393.03.
9.30 am
P-note investments continue to drop; hit fresh low of Rs 66,587-cr
Investments in the Indian capital market through participatory notes (P-notes) continue to decline and hit a nine-and-a-half year low of Rs 66,587 crore till October. P-notes are issued by registered foreign portfolio investors (FPIs) to overseas investors who wish to be part of the Indian stock market without registering themselves directly. They, however, need to go through a due diligence process. Read more
Sensex opens higher
BSE benchmark Sensex rose nearly 200 points in early trade on Monday following gains in auto, metals, consumer durables and banking stocks amid buying by domestic institutional investors. However, oil and gas sector sector traded lower in early trades.
The 30-share index spurted 176.60 points, or 0.50 per cent, to 34,633.76.
Sectoral indices, led by auto, banking metal and healthcare, rose up to 0.80 per cent.
The NSE Nifty too was up by 42.95 points, or 0.40 per cent, at 10,725.15.
Oil rises on expected OPEC cut, but markets remain wary
Oil prices rose on Monday as traders expected top exporter Saudi Arabia to push producer club OPEC to cut supply towards the end of the year.Despite that, market sentiment remains weak on signs of a demand slowdown amid deep trade disputes between the world's two biggest economies, the United States and China. Read more
9.05 am
Asia shares edge ahead, Fed caution drags on dollar
Asian shares inched cautiously higher on Monday amid conflicting signals on the chance of a truce in the Sino-U.S. trade dispute, while a new-found air of concern on the global outlook at the Federal Reserve undermined the dollar. Read more
Dollar pressured as Fed officials caution about global growth, yen firms
The dollar was modestly lower against its key rivals on Monday after Federal Reserve officials expressed caution over the global growth outlook, prompting traders to reassess the pace of future US interest rate increases. Read more