Closing Bell
Equity indices lacked strength from the beginning of today's trading session following sustained selling from investors and domestic funds amidst lack of buying support.
Later, equities displayed complete exhaustion in the afternoon session as those selling were not followed-up with any significant buying.
Equities have not seen any recovery even in late deals as the day belonged completely to sellers. Metals, IT, pharma, banking and oil & gas witnessed relentless selling pressure with no large buying to absorb the supplies. Major losers were Metal and Software stocks which lost between 1.70% and 3 per cent.
The BSE Sensex ended lower by 300.37 points or 0.84% at 35,474.51, while the Nifty was down by 107.20 points at 10,656.20.
The BSE Metal index was down 2.90% at 12,343.26 and IT index too slipped 245.47 points or 1.61% at 13,862.09
BSE SENSEX
BSE IT Index
BSE METAL INDEX
BSE SECTORAL INDICES
NIFTY NEXT 50 GAINERS
NIFTY NEXT 50 LOSERS
Metal stocks weaken
Metal stocks such as Jindal Steel , Hindalco , National Aluminium , SAIL and Tata Steel fell between 3 and 5% per cent on heavy selling by domestic funds and investors.
BSE OIL & GAS CHART
Heavyweight stocks down sharply
Large-cap stocks dragged the Sensex lower in the afternoon session. Yes Bank, Tata Steel, Vedanta, Wipro, NTPC, ICICI Bank, SBI, HDFC, Maruti, TCS, ITC, and Sun Pharma fell between 1 and 4 per cent now.
D B Corp trades positive
Stock of DB Corp was trading positive bucking the overal weakness in market. The stock was quoted higher by 0.25% at Rs 179.65 on the NSE. D B Corp recently said that its radio division MY FM has increased its ad rates by 15 per cent across key markets. The hike is effective November 15, 2018 backed by strong growth in listenership across its key markets.
Tata Investment Corpn shares trade flat
Tata Investment Corporation shares were trading flat despite the overall market weakness. The Tata Investment Corporation board had approved a proposal to buy-back up to 45 lakh equity shares of the company for an aggregate amount not exceeding Rs.450 crore, being 8.17% of the total paid-up equity share capital, at Rs.1,000 per share. As on November 9, 2018, promoter companies held 72.98% stake in Tata Investment Corporation.
BSE BANKING INDEX
BSE HEALTHCARE INDEX
Markets extend losses
Sensex fell over 200 points in the afternoon session and there was sudden drop in the equities in the last half-an-hour trading. IT stocks witnessed selling and the BSE IT index was down over 1.25% to trade at 13, 930. HCL Tech , Zentec Mphasis , Tech Mahindra , Nelco , LT Infotech shares fell between 2 and 3 per cent today.
BSE IT INDEX
BSE AUTO INDEX
BSE SENSEX
The Nifty call: Go long with stop-loss at 10,690
Nifty 50 November Futures (10,710)
The Nifty 50 futures contract opened with a gap-down at 10,749 and fell to an intraday low of 10,707. However, the down move seems to be lacking strength. Also, the contract continuing to hover above the psychological 10,700 level ; READ MORE ON THIS RECOMMENDATION
Markets slip on fresh bout of selling
Key market indices fell due to weakness in Banking, IT, Auto, Healthcare, Metal, Realty and Consumer Durables stocks.
The BSE Sensex was down by 152 points at 35,622.34, while the Nifty was down by 61.50 points at 10,701.90.
Jet Airways shares extend losses as Tatas to go slow on deal
Shares of Jet Airways (India) Ltd fell as much as 5.8 per cent to Rs 304, extending losses to a second straight session. Conglomerate Tata Sons Ltd to go slow on deal to buy Jet Airways after some directors expressed reservations at an inconclusive board meeting last Friday. READ MORE
Nomura raises price target for IPCA Lab
Nomura has raised the price target for shares of drugmaker IPCA Laboratories Ltd to Rs 915 from Rs 723. The stock is quoted flat at 761.45 today on the NSE.
PSU banks fall after RBI board meet
Shares of state-run banks fell about 1 per cent today, a day after the central bank board meeting. The Nifty PSU bank index dropped as much as 1.7 per cent, in its biggest single-day per cent loss in a week. READ MORE
12 noon
VOLUME GAINERS ON NSE
Arvind Ltd shares firmed up by nearly 1 per cent today after it informed the exchanges that aggregate holdings of the company's shares by the HDFC MF schemes was 5.07% of the paid up equity share capital being Rs 258, 61,70,690 comprising 25,86,17,069 equity shares of Rs 10 each.
Arvind Ltd. - Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011
Alembic Pharma shares were up today after the company informed the stock exchanges that it has received US Food & Drug Administration (USFDA) approval for Vardenafil Hydrochloride Orally Disintegrating Tablets, 10 mg.
The stock gained Rs 4.15 or 0.73% at Rs 569.15 on the NSE today.
Alembic Pharmaceuticals Ltd. - Announcement under Regulation 30 (LODR)-Press Release / Media Release
ALEMBIC PHARMA CHART
' Oil India shares up on buyback RD announcement
Oil India Ltd. - RECORD DATE FOR BUYBACK
Shares of Oil India Ltd have gone up today after the company board fixed December 3 as the record date for buyback of shares from shareholders
How far can the rupee strengthen?
A study of the historical movements in the currency indicates it could test 69 and 68 in the coming months READ MORE ON THIS ARTICLE
HSBC gives 'buy' rating Bajaj Finance
HSBC initiates coverage on n on-banking financial company Bajaj Finance Ltd at target price of Rs 3,000 and a 'buy' rating
HSBC said in its rating report that the bank management has demonstrated its execution capability, making it as one of the fastest-growing and most profitable banking, financial services and insurance (BFSI) companies in India, with a valuation premium to peers. TO READ MORE CLICK HERE
BAJAJ FINANCE STOCK
Yes Bank shares declines sharply over independent director resignation
In the early trade today, the shares of Yes Bank dropped as much as 6.5 per cent to ₹ 191.6.
The lender said late on Monday that the non-executive and independent director Rentala Chandrashekhar has resigned READ MORE
RBI board meet strikes a middle ground
After a marathon nine-hour meeting, the Reserve Bank of India’s central board on Monday took the middle ground in a bid to defuse rising tension between the government and the central bank.
STOCKS AT 52-WEEK HIGH
STOCKS AT 52-WEEK LOW
10.20 am
TOP TEN GAINERS
TOP 10 LOSERS
BSE SENSEX
BSE SECTORAL INDICES
VOLUME TOPPERS
Rupee, bonds rise after RBI board meeting
Indian rupee and bonds rose in early trade on Tuesday after the outcome from a central bank board meeting late Monday removed uncertainty over a growing rift over policy decisions between the government and the Reserve Bank of India (RBI).
The rupee rose to as much as 71.36 to the dollar, its highest since September 4 from its previous close of 71.65
IPCA Labs (Buy)
Anand Rathi
CMP: ₹763
Target: ₹893
In H1 FY19 Ipca’s domestic formulations revenue grew about 21 per cent y-o-y.
Weekly Trading Guide
Short-term outlook is bullish for SBI (₹290.3)
SBI fell over 3 per cent in the initial part of last week. However, the stock managed to claw back from the low of ₹273.5, recovering all the losses and closed 2.6 per cent higher. This leaves the outlook bullish.
READ MORE ON THIS RECOMMENDATIONS
9.35 am
Day Trading Guide For November 20
Given below are supports and resistances for Nifty 50 futures and seven key stocks that can help in your intra-day trading:
₹2014 • HDFC Bank
| S1 | S2 | R1 | R2 | COMMENT |
| 2002 | 1990 | 2025 | 2040 | Consider initiating fresh long positions with a fixed stop-loss if the stock moves beyond ₹2,025 levels |
Deep Industries (₹140.8): Buy
Investors with a short-term perspective can buy the stock of Deep Industries at current levels. The small-cap stock had recently breached a key resistance level of ₹125.
READ MORE ON THIS RECOMMENDATION
BSE benchmark Sensex declined in early trade today following losses in metals, realty banking and IT stocks.
The 30-share index lost 103.88 points to 35,671.
The NSE Nifty too was down by 36 points, or 0.35 per cent, at 10,726.10.
9.05 am
Wall St tumbles as technology sector leads losses
U.S. stocks dropped and the Nasdaq fell 3 percent on Monday as investors dumped Apple, internet and other technology shares, further shaking confidence in a group of stocks that has propelled the long bull market.
Asian markets down as Wall Street knocked by tech sell-off
Asian stock markets slipped on Tuesday, extending sharp overnight losses on Wall Street as technology firms bore the brunt of worries about slackening demand, while the dollar sagged after weak U.S. data further sapped confidence in the currency. READ MORE