Closing Bell
Markets ended flat as heavyweights showed mixed trend in their movements. After opening higher, the Sensex gave up its gains mainly weighed down by banking, auto, finance and consumer goods stocks.
The BSE Sensex gained 40.99 points and ended at 34,991.91, while the Nifty edged up 2.15 points to finish at 10,526.15.
The BSE BANKEX was down by 168 points at 28,884.24, shoved lower by SBI, Axis Bank, Bank of Baroda and IndusInd Bank. Shares of SBI was hit badly and was down by 3.25% at Rs 285.65 after the public sector bank reported decline in its quarterly net profit.
Most of the sectoral indices turned negative with the exception to BSE IT and Energy indices. The BSE IT index rose 145 points at 14,233.50. However, Metal, Consumer Durables, Oil & Gas, Healthcare, Finance, Private Banks and Auto fell in the afternoon trading session
Equity market indices traded in a tight range following alternative buying and selling by traders. Largecap stocks were mixed in their movements.
The Sensex was trading higher by 56.76 points at 35,007.68.
On the NSE, the number of decliners was higher at 27, while the number of advancing scrips was at 24. The Nifty was trading flat at 10,525.40.
Sensex trade in a narrow band
Markets were trading a little choppy after opening higher. Mild volatility was seen in some major largecap stocks which pushed the indices around to the negative territory. The Sensex was at 34,942.67, down by 8.25 pionts. The Nifty, too, was down by 12 points at 10,511.25.
Sensex erases early gains
Equity indices gave up its entire gains made early today. The Sensex has fallen below the 35,000 mark once again. The Sensex was quoted at 34,932.53, down by 18.39 points from its previous close.
On the NSE, the Nifty declined by 13 points at 10,510.60.
BSE SECTORAL INDICES
NSE GAINERS
NSE LOSERS
Mid-Session
Markets gave up some of its initail gains. However, indices continued to remain in the positive terrain aided by the rally in IT, Realty and Capital Goods stocks. However, weakness in Metals, Consumer Goods, Power and Oil & Gas has dampened the overall bullish sentiment. The Sensex HAS still managed to hold its neck above 35,000 mark and was up by 51 points. On the NSE, the Nifty gained 10 points at 10,534.
TOP GAINERS ON NSE
TOP LOSERS ON NSE
ANDHRA BANK shares climbed 5% today after a report that the bank's Board has approved divestment of stake in ASREC, lndia lntl Bank (Malaysia) and lndiaFirst Life lnsurance.
Shares of GAIL (India) Ltd rose as much as 2.69 per cent to Rs 382, their highest since October 3
The state-run gas utility on Monday reported a 50 per cent jump in Q2 profit at Rs 1,963 crore.
Tata Motors shares top gainer on NSE
Jaguar Land Rover-owner Tata Motors Ltd shares were up as much as 5.35 per cent to Rs 199.95, their highest since October 9. New Jaguar registrations in the UK surged 81.9 per cent in Oct, data from the Society of Motor Manufacturers and Traders, showed yesterday. More than 22 mln shares traded vs 30-day moving avg of around 19.8 mln shares.
The BSE Capital Goods index was trading marginally higher as its components were mixed in their movements. While Elgi Equipment, Sadhbav Engg, Graphite , BEL, ABB , Havells and Larsen & Toubro gained between 0.40 per cent and 2.50%, while some others such as Kalpataru Power, Siemens, Suzlon, Thermax, CG Power, and Lakshmi Machinery were down between 0.25% and 2.50%.
Most of the oil marketing companies shares suffered losses today as the details of US sanctions on Iran oil imports are not known in complete yet. The oil companies and Ministry for Petroleum & Natural Gas are still awaiting finer details before working out their next course of action.
The BSE Oil & Gas index was up 39 points at 13,512.18 as oil & gas stocks were trading mixed. BPCL was down 1.50% at Rs 287.55, HindPetro was down 1.60% at Rs 229.50 and IOC was down by 2.10% at Rs 137.15
Markets hold on to gains
BSE benchmark Sensex rose smartly clearing the 35,000 mark following gains in IT, Auto, Realty, Oil & Gas and Industrials amid rupee recovery. Equities turned stronger after the Services PMI rose to 52.2 following strongest expansion in private sector activity.
The 30-share index spurted 147 points, or 0.40 per cent, to 35,097.25.
Sectoral indices, led by IT, capital goods, auto, oil and gas, and healthcare, rose up between 0.50 per cent and 1 per cent.
The NSE Nifty too was up by 32 points, or 0.30 per cent, at 10,556.65.
The rupee was trading higher by 10 paise at 73.02 against the American currency in late morning traes.
There was some steady buying by domestic institutional investors (DIIs) as well as select purchases by retail investors.
Torrent Pharma in fine fettle
Shares of Torrent Pharma rose smartly on the back of strong second quarter results. The stock was up Rs 27 or 1.65% at Rs 1,628.62 on the BSE today. Torrent Pharma Limited posted standalone net profit of ₹277 crore for the quarter ended September 30, 2018, up from ₹158 crore reported in the corresponding quarter a year ago, a growth of about 75 per cent year-on-year.
Eveready Ind shares charge up
Eveready Industries Ltd s hares went up over 3% today despite the company reported 31% drop in Q2 net profit. Dry-cell battery maker, Eveready Industries Ltd, reported a near 31 per cent drop in net profit to ₹25 crore for the quarter ending September 30, 2018. The net profit in the corresponding quarter last fiscal stood at ₹36 crore.
During the quarter under review, the company saw its operating income decline by 4 per cent, year-on-year to ₹383 crore. Operating income in Q2FY18 stood at ₹398 crore.
Raymond shares were firm today on moderate volumes. The stock gained 0.20% at Rs 759 on the BSE today. Apparel and fabric maker Raymond is eyeing entry into smaller towns, particularly tier-IV and tier-V towns, through mini stores.
Although branded as “The Raymond Shop”, these franchisee-run shops are of a smaller size with a set of “curated offerings” suited for the local demand.
These mini-stores will be of about 800 sq ft, unlike The Raymond Shops of 2,500 sq ft. Investments will also be lower.
Balkrishna Ind plunges 9%
Shares of Balkrishna Industries plummeted by over 9% to Rs 972 on the BSE today on the back of selling pressure. The Board of Directors of the Company at its meeting held on November 05, 2018, inter alia, has declared 2nd interim dividend of Rs. 2.00 per Equity Shares (100%) on the Equity Shares of Rs. 2/- each (face value) for the financial year 2018-2019.
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Bosch shares slip early
Bosch Ltd stock fell by Rs 67.50 to Rs 19,380 on the BSE today. Bosch Ltd has announced a buy-back of up to 10.28 lakh equity shares at ₹21,000 per share for an aggregate amount not exceeding ₹2,159.01 crore. The buyback is subject to approval from shareholders.
Announcing the second quarter results, Bosch said its net profit rose 18.86 per cent to ₹420 crore on year-on-year because of improved operational efficiency and higher productivity. The company’s total income increased by 13.59 per cent to ₹3,340.62 crore. EPS for Q2 stood at ₹137.6 compared with ₹115.8 last year.
IT stocks move up on fresh buying
Information Technology sector made impressive gains today on the back of fresh buying by instituitional investors. The BSE Information Technology index gained 195.69 points or 1.40% at 14,283.93.
Notable gainers were 8K Miles which was up 10% at Rs 79.75, Trigyn stock was up 8.70% at Rs 103.85, Mind Tree gained 2% at Rs 836.95, Infosys was up 1.50% at Rs 672.25 and TCS gained 2.35% at Rs 1,933.25,
Power Grid trades firm
Power Grid stock was trading firm today after the company reported marginal increase in its profit for the second quarter of this fiscal year. The stock gained 0.20% at Rs 186.40 on the NSE.
Power Grid Corporation of India has reported a ₹2,309.49-crore net profit for Q2 FY19, 7.87 per cent higher than the ₹2,141.04 crore reported in Q2 FY18.
Total income rose nearly 16 per cent to ₹8,689.95 crore.
Voltas, Manappuram, Graphite Ind results today
About 40 companies including Aditya Birla Capital, ABC India, Automotive Axles , Balmer Lawrie Inv, Camlin Fine Sciences , Cupid, Dr Lal PathLabs, Eon Electric, Garware Polyester, Goldcrest, Graphite India, Gujarat Natural, Innovators Facade, JIK Ind, JTEKT India, Manappuram Finance, Landmark Property, Noida Toll Bridge, Radha Madhav Corporation, Sanghi Industries, Sumeet Industries, Tayo Rolls, and Voltas will declare their July-September quarterly results on Tuesday.
Rupee recovers 21 paise to 72.91
The rupee recovered 21 paise to 72.91 against the US dollar in early trades on Tuesday on increased selling by exporters.
The dollar’s weakness against some currencies overseas and a better opening of the domestic equity market also supported the rupee, dealers said.
SBI trades in the green
SBI stock remained firm in early trading session today though the public sector bank reported 69 per cent decline in its second quarter net as compared to the corresponding period of previous year. SBI shares were up by Re 1.15 at Rs 296.10 on the NSE.
Markets rally higher at open
BSE benchmark Sensex rose over 200 points in early trade today following gains in IT, Auto, Metals, Media, Financial Services, Realty and Private Banking stocks amid buying by domestic institutional investors and rupee recovery .
The Sensex was trading at 35,155.18, up 204 points, while the Nifty gained 57 points at 10,581.65.
BSE SECTORAL INDICES
The BSE Benchmark opened 126 points higher today clearing the 35,000 level following fresh buying in large-cap stocks such as ONGC, Vedanta, Maruti, ITC, Hero MotoCorp, Tata Motors and Yes Bank. The BSE Sensex was quoted at 35,110.22, up 159.30 points.
The Nifty too gained 50 points at 10,574.05.
Asian shares trade flat; China, tech shares hamper advance
Asian shares wobbled on Tuesday, supported by Wall Street gains although sentiment was tempered ahead of the U.S. midterm elections, the first major electoral test of President Donald Trump's big tax cuts and hostile trade policies.
MSCI's broadest index of Asia-Pacific shares outside Japan edged down 0.1 per cent, weighed by a fall in and Chinese shares and technology shares while Japan's Nikkei managed to gain 1.0 per cent.
Energy and financial stocks pushed US equities higher on Monday, on the eve of U.S. midterm elections to determine whether President Donald Trump's Republican Party retains control of the US Congress and ahead of a meeting of Federal Reserve policy makers.
Choppy trading in oil left prices mixed after five days of heavy losses as the United States imposed a range of sanctions aimed at curbing oil exports by Iran.
The Dow Jones Industrial Average rose 190.87 points, or 0.76 per cent, to 25,461.70.
Eros International Media (₹97.2): Buy
The stock of Eros International Media has been in the limelight over the past one week. Extending the bullish momentum, the stock surged 8.8 per cent accompanied by above average volume on Monday.
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Day Trading Guide For November 6
Given below are supports and resistances for Nifty 50 futures and seven key stocks that can help in your intra-day trading:
₹1952 • HDFC Bank
S1 | S2 | R1 | R2 | COMMENT |
1940 | 1925 | 1965 | 1980 | Initiate fresh long positions with a stiff stop-loss if the stock reverses higher from ₹1,940 levels |
₹662 • Infosys
S1 | S2 | R1 | R2 | COMMENT |
654 | 644 | 670 | 680 | Consider initiating fresh short positions with a tight stop-loss only if the stock falls below ₹654 levels |