MARKET WRAP: Sensex ends choppy session 136 pts lower; Nifty ends at 11,642

(Photo: Kamlesh Pednekar)
The domestic benchmark indices ended Friday's volatile session in the negative territory amid weak global cues.

Among headline indices, the S&P BSE Sensex ended 136 points or 0.34 per cent lower at 39,614 levels and the broader Nifty50 index ended at 11,642, down 28 points, or 0.24 per cent. Bharti Airtel (down 4 per cent), Maruti (down over 2 per cent), and HUL (down 2 per cent) were the top Sensex drags. On the other hand, Tata Steel (up over 2 per cent), and NTPC (up 2 per cent) were the biggest gainers on the index.

Volatility index, India VIX, rose 3 per cent to 24.7 levels. 

On a weekly basis, Sensex slipped 2.6 per cent while Nifty lost 2.4 per cent.

In the broader market, the S&P BSE MidCap index ended 0.62 per cent higher at 14,905 levels while the S&P BSE SmallCap index ended flat at 14,888, down just 0.03 per cent.

Sectorally, Nifty Metal index rallied over 1.5 per cent while Nifty Realty gained over 2 per cent. Nifty Auto, on the other hand, dropped over 1 per cent to 7,758 levels.

Global markets

World stocks slipped further on Friday and safe havens got a fillip as jitters over a rising global Covid-19 infection rate and next week’s US presidential election weighed on sentiment.

In Europe, the blue-chip EuroSTOXX 50 was down 0.6 per cent to take its weekly loss to 6.8 per cent and leaving it at levels last seen in late May.

In commodities, global oil prices moved in and out of the negative territory but remained on course for a second monthly fall as rising COVID-19 cases in Europe and the United States heighten concerns over fuel consumption.

(With inputs from Reuters)

4:14 PM IST "Indian market is moving in tandem with global trends which is displaying weakness as a new round of coronavirus lockdown is weighing on the future growth and outlook. Indian rally was supported by good Q2 results and economic data. The sustenance of economic data will be difficult in the next quarter due to restrictions affecting world growth, global uncertainties over the US presidential election, and timing of stimulus."

3:43 PM IST

3:42 PM IST

3:36 PM IST The S&P BSE Sensex ended 136 points, or 0.34 per cent lower at 39,614 levels while NSE's Nifty ended at 11,642, down 28 points, or 0.24 per cent.

3:28 PM IST

3:25 PM IST RATING: BUY | TARGET PRICE: Rs 479 Weak global demand and high inventory levels are likely to keep crude oil prices range bound, which will support marketing margins in medium term. Meanwhile GRMs will recover with pickup in economic activity and lower operating cost (due to soft spot LNG prices) will support refining earnings. BPCL remains one of our preferred divestment play in the oil and gas sector however, with uncertain timelines we cut target multiple to PER of 9x FY22E (10x earlier). Maintain BUY with a TP of Rs 479 (Rs 515 earlier).

3:21 PM IST The company’s profit after tax (PAT) increased 41 per cent at Rs 432 crore on improvement in net income margin and lower operational expenses. It had posted a profit of Rs 307 crore in the corresponding quarter of previous fiscal. READ MORE 

3:06 PM IST

3:06 PM IST

3:06 PM IST

3:01 PM IST How does Sanjeev Gupta turn around businesses when pedigreed groups have failed? The question confronts the Ludhiana-born British businessman each time he scoops up assets to create his $20-billion steel, aluminium and renewable energy empire from an obscure trading company five years ago. READ MORE

2:54 PM IST COMPANY DAY'S LOW(RS) DAY'S HIGH(RS) LATEST(RS) RISE(%) CHOLAMAN.INV.&FN 248.60 279.35 278.90 12.19 BLUE DART EXPRES 3356.00 3766.60 3640.00 8.46 CARBORUNDUM UNI. 264.15 284.55 283.55 7.34 TVS MOTOR CO. 425.00 461.40 455.75 7.24 Click here for the full list

LIVE UPDATES

MARKET COMMENT | Vinod Nair, Head of Research at Geojit Financial Services

"Indian market is moving in tandem with global trends which is displaying weakness as a new round of coronavirus lockdown is weighing on the future growth and outlook. Indian rally was supported by good Q2 results and economic data. The sustenance of economic data will be difficult in the next quarter due to restrictions affecting world growth, global uncertainties over the US presidential election, and timing of stimulus."

SECTOR WATCH | Nifty Metal gains over 1.5%


MARKET AT CLOSE | Losers and gainers on the BSE Sensex


CLOSING BELL

The S&P BSE Sensex ended 136 points, or 0.34 per cent lower at 39,614 levels while NSE's Nifty ended at 11,642, down 28 points, or 0.24 per cent.

MARKET CHECK


BROKERAGE VIEW | Prabhudas Lilladher on BPCL

RATING: BUY | TARGET PRICE: Rs 479

Weak global demand and high inventory levels are likely to keep crude oil prices range bound, which will support marketing margins in medium term. Meanwhile GRMs will recover with pickup in economic activity and lower operating cost (due to soft spot LNG prices) will support refining earnings. BPCL remains one of our preferred divestment play in the oil and gas sector however, with uncertain timelines we cut target multiple to PER of 9x FY22E (10x earlier). Maintain BUY with a TP of Rs 479 (Rs 515 earlier).

Cholamandalam Investment rallies 15% in two days on strong Q2 results

The company’s profit after tax (PAT) increased 41 per cent at Rs 432 crore on improvement in net income margin and lower operational expenses. It had posted a profit of Rs 307 crore in the corresponding quarter of previous fiscal. READ MORE 


Index contributors at this hour


INDEX GAINER | Infosys down 1.6%


Heatmap: S&P BSE Sensex gainers and losers at this hour


Liberty's India constraint: Reassuring lenders remains a tall order

How does Sanjeev Gupta turn around businesses when pedigreed groups have failed? The question confronts the Ludhiana-born British businessman each time he scoops up assets to create his $20-billion steel, aluminium and renewable energy empire from an obscure trading company five years ago. READ MORE

Recovery from intra-day lows in today's session

COMPANY DAY'S LOW(RS) DAY'S HIGH(RS) LATEST(RS) RISE(%)
CHOLAMAN.INV.&FN 248.60 279.35 278.90 12.19
BLUE DART EXPRES 3356.00 3766.60 3640.00 8.46
CARBORUNDUM UNI. 264.15 284.55 283.55 7.34
TVS MOTOR CO. 425.00 461.40 455.75 7.24
Click here for the full list

Karur Vysya Bank Q2 profit up 81% to Rs 115 cr, NII rises by 0.9%

Karur Vysya Bank (KVB) has reported an 81 per cent jump in profit to Rs 114.89 crore during the quarter ended September 2020, from Rs 63.33 crore during the same period last year. READ MORE


Ahead of Results :: IndusInd Bank trades flat


Trump vs Biden :: What the US polls can mean for key emerging markets

Opinion polls ahead of the Nov. 3 vote show Biden with a significant edge nationally over Trump in a race being closely watched by investors in developing economies, which account for nearly 60% of global GDP. READ MORE

BROKERAGE VIEW | Axis Securities on Can Fin Homes

RATING: BUY | TARGET PRICE: Rs 515

CANF’s ability to improve NIMs even in tough environment reflects its entrenched business model, even as book size is much smaller than peers. While loan growth moderation is expected alongwith slight asset quality deterioration on account of Covid-19, we expect the company to recover faster than its peers due to its loan mix and negligible developer exposure. Lower cost of funds should aid the company in maintaining NIMs while the loan mix profile skewed towards salaried segment will help in maintaining asset quality.We lower provisions and built in improved NIM for FY21E. We remain positive on the stock given its loan book profile, stable liquidity position and robust CAR (25%) and maintain BUY with target price of Rs 515 (2.3x FY22ABV)

BROKERAGE VIEW | Centrum Broking on PI Industries

RATING: BUY | TARGET PRICE: Rs 2,700

PI Industries’ (PI) consol revenue at Rs 11.6bn, (+28% yoy), ahead of CenE Rs 9.6bn helped by strong domestic revenue of Rs3.6bn (+33% yoy, CenE Rs2.9bn) and very strong export revenue of Rs 8bn (+25% yoy). Numbers were supported by ISAGRO revenues which are growing at high double digits consistently. Resultant of the beat on revenue gross profit at Rs5.1bn (+32% yoy) implies gross margins of 44.1%, (+170bps yoy). Reported EBITDA at Rs2.8bn (+46% yoy) was also comfortably ahead of estimates of Rs2.2bn. Resultant, PAT of Rs 2.2bn (+77% yoy) beat CenE Rs1.3bn. H1 EBITDA/PAT growth of 48/61% yoy is very strong and sets up a record FY21e for PI (we estimate FY21e EPS of Rs 46 (+51% yoy) and FY20-22e CAGR of 41%. BUY

Tata Steel trades around 2.5% higher


China's next economic transition: What economists say about the 5-year plan

Though the plan doesn’t mention a numerical growth target, “it requires significant enhancement in the quality of the economy, reflected in innovation, more advanced industrial fundamentals and a more modern economic system. To achieve these, it emphasized tech innovation, supply-side structural reform, dual cycle," says David Qu, China economist. READ MORE

At Rs 1.34 trillion, Adani Green's m-cap surpasses L&T, UltraTech Cement

Shares of Adani Green Energy (AGEL) hit a fresh record high and were locked in the 5 per cent upper circuit band for fourth straight day, at Rs 856.25, on the BSE on Friday in an otherwise weak market. In comparison, the S&P BSE Sensex was down 0.86 per cent at 39,416 points at 01:16 pm. In the past one week, stock of the Adani Group renewable power company has rallied 19 per cent, as compared to 3 per cent decline in the benchmark index. READ MORE

Bharti Airtel trades over 3% lower


Top losers on the BSE at this hour


ICICI Bank Q2: Up to 4x jump in profit likely, loan growth seen at 6% YoY

ICICI Bank, India’s second largest private bank by market-capitalisation, could report stellar improvement in its September quarter (Q2FY21) results on a yearly basis, riding on low base and better asset quality. The lender, which is slated to declare its Q2 results on Saturday, October 31, may report up to 4-fold rise in its net profit, analysts say. Besides, reduction in bad loans, coupled with lower provisions (sequentially), may aid profitability. READ MORE

Q2 RESULTS | JSPL reports consolidated net loss of Rs 706 crore vs Rs 399 crore loss (YoY)

- One-time loss of Rs 1,636 crore; profit before one-time loss at Rs 903 crore

BROKERAGE VIEW | Emkay Global on Havells

RATING: HOLD | TARGET PRICE: Rs 701

Benefits of low rentals and other cost optimisation will be visible on a sustainable basis. Lower channel inventory, demand recovery during the festive season, recovery in Real Estate and benefits of market share gains will augur well for sustained revenue growth. Our estimates factor in strong revenue recovery from H2FY21. Havells’ strong balance sheet, distribution network strength of its core business and revival in market share for Lloyds in RAC can help deliver better-than-industry growth with a macro recovery.

Key risks: Sustained weakness in the macro environment, higher-than-expected cost inflation and market share loss.

RIL up over 0.6% ahead of Q2 earnings


ALERT :: Sensex at day's low


AIFs explore limited liability partnerships to bypass high taxes

Alternative investment funds (AIFs) may be looking to set up in the form of a limited liability partnership (LLP) instead of a trust structure, given the favourable tax treatment to the former. The business income earned by the funds constituted as LLPs will be taxed at the fund level at applicable tax rates of 34.94 per cent, against 42.74 per cent that is otherwise applicable to a trust (taking into consideration the highest income bracket). READ MORE

NEWS ALERT :: Dilip Buildcon bags order worth Rs 1,278 crore from NHAI


L&T continues to suffer from slowdown in India's infrastructure sector

The continued slowdown in India's infrastructure and industrial sector has finally caught up with Larsen & Toubro. It reported net loss on standalone basis for the first time in Q2FY21, excluding the one-time profits from asset sales.
 
At the consolidated or group level, core business of engineering, construction and manufacturing remains a drag and L&T now makes profits from its IT services subsidiaries than its core business. READ MORE

Blue Dart Express soars 16% on robust September quarter results

Shares of Blue Dart Express soared 16 per cent to Rs 3,766, also its 52-week high on the BSE, in intra-day trade on Friday after the company reported nearly three-fold jump in profit after tax (PAT) at Rs 41.4 crore in the September quarter (Q2FY21). South Asia’s premier air and integrated transportation and distribution company had a profit of Rs 14 crore in the year-ago quarter. READ MORE 

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Adani Port, Hero Moto: 86 stocks from Nifty500 can see over 10% upside

Domestic equity markets were highly volatile on Friday as investors juggled between largely positive corporate earnings and weak global cues. The benchmark S&P BSE Sensex hit an intra-day high and low of 39,988 and 39,340 levels, respectively, with market breath favouring the bulls. In such a volatile market, while long-term outlook remains intact, investors tend to read through technical indicators for short-term trading bets. READ MORE 


 

Investors balk at high valuations of big tech firms despite solid earnings

Solid quarterly earnings from America’s biggest tech firms weren’t enough to keep investors from selling late Thursday, the latest sign sentiment is turning against ultra-expensive digital megacaps. Futures on the S&P 500 tumbled 0.8% and Nasdaq 100 contracts were down 1.2% as of 12:55 p.m. in Tokyo. Stocks had rebounded from the worst selloff in four months during the cash session ahead of the slate of megacap results. READ MORE

HPCL gains 5% as board to consider share buyback on November 4

Shares of Hindustan Petroleum Corporation (HPCL) gained 5 per cent to Rs 189.50 on the BSE on Friday after the state-owned oil marketing company said it will consider a proposal to buy back shares at its next board meeting on Wednesday, November 4, 2020. Earlier, October 22, 2020, HPCL had informed that the board of directors of the company is scheduled to meet on Wednesday, November 04, 2020 for consideration and approval of financial results of the company for the second quarter & half year ended September 30, 2020. READ MORE

Dow Jones Futures slump over 550 pts


As Europe curbs travel due to Covid, oil set to see worst month since March

Oil is poised for the biggest monthly slide since March on concern a resurgent pandemic in the US and Europe will keep people hunkered down, crimping demand for auto and aviation fuel. Futures have tumbled 9.8 per cent this month in New York and they’re near the lowest since late May in London. Infections surged to a record in the US Midwest, while parts of Europe tightened restrictions to stem second waves. Meanwhile, the return of Libyan supplies added to concerns of a crude glut. READ MORE

MARKET CHECK | Sensex slips 0.5%


Mastek surges over 7% post Q2 nos


Axis Bank: Overall numbers better forecast, rising stressed loans tricky

After two back-to-back lacklustre quarters, Axis Bank’s September-quarter (Q2) results have brought a much-needed relief because the numbers bettered expectations on multiple counts. Net interest income (NII) grew 20 per cent year-on-year to Rs 7,326 crore, while the lender reported a net profit of Rs 1,683 crore as against a net loss of Rs 112 crore in the year-ago quarter. READ MORE

Broader indices outperform benchmarks


BROKERAGE VIEW | HDFC Securities on AU Small Finance Bank

RATING: ADD | TARGET PRICE: Rs 770 

AUBANK’s 2QFY21 net earnings were ~110% ahead of estimates, buoyed by gains from the stake sale in AAVAS. Adjusted earnings, too, were ~28% ahead of estimates, on account of lower-than-expected provisions. The bank saw a sustained improvement in collection efficiency and did not make incremental COVID-19 related provisions. While these trends are promising, we continue to model for a sharp rise in GNPAs and elevated provisions in FY21E. Strong CASA growth, led by retail deposits, was another positive. We like the bank for its strong fundamentals and believe that its long-term prospects remain intact. We maintain ADD with a target price of Rs 770.

MARKET UPDATE:: Sensex slips into the red


TVS Motor shares zoom 7.5% on healthy operational performance in Q2

In Q2FY21, Ebitda (earnings before interest, taxes, depreciation, and amortisation) margin improved by 50 basis points to 9.3 per cent from 8.8 per cent in Q2FY20, due to strong focus on cost reduction initiatives taken by the company. Brokerage firm Kotak Securities had expected 33 basis points decline in Ebitda margin at 8.8 per cent for the quarter. READ MORE 


What's in store for RIL Q2?

For Mukesh Ambani-led Reliance Industries (RIL), the financial performance for the July-September quarter (second quarter, or Q2) is expected to show sequential improvement. Full recovery, however, is still some quarters away. “RIL is expected to show sequential recovery. READ MORE

BROKERAGE VIEW | Anand Rathi on Carborundum Universal

RATING: BUY | TARGET PRICE: Rs 337

Carborundum Universal (CU) performance was better even with consolidated revenue coming flat at Rs 6.9bn. This reflects the pick-up in industrial activity, domestically and internationally. The EBITDA margin was a robust 19.4%, led by prudent cost control, a favourable product mix and better subsidiary performances. With greater utilisation, focus on operational efficiency, product launches and quitting the loss-making Foskor, management is confident of steady margins ahead. Led by the better Q2 performance, both in revenue and margins, we raise our estimates. CU is our top Buy with a revised TP of Rs 337 (20x FY23e).

Angel Broking gains 17% after Kuwait Investment Authority buys 0.53% stake

Shares of Angel Broking rallied 17 per cent to Rs 379 on the National Stock Exchange (NSE) on Friday, thereby surging 20 per cent in the past two trading days after Kuwait Investment Authority acquired more than 400,000 equity shares of retail broking firm via open market transactions on Thursday. On October 29, 2020, Kuwait Investment Authority FD F238 bought 430,000 equity shares, representing 0.53 per cent of its total paid-up equity, at Rs 321.73 per share on the NSE via bulk deal, the exchange data shows. READ MORE

Most active stocks by volume

COMPANY PRICE(rs) CHG(%)
VODAFONE IDEA 8.73 4.18
BANK OF BARODA 42.25 -1.52
TATA MOTORS 133.15 0.95
I O C L 80.70 2.87
ALOK INDUSTRIES 21.75 1.64
» More on Most Active Volume

MARKET UPDATE:: Sensex at day's high


BROKERAGE VIEW | YES Securities on Orient Electric

RATING: BUY | TARGET PRICE: Rs 242

We have revised our FY21/22 estimates upwards factoring in faster recovery in revenues and superior margins. OEL is expected to outperform its peers and industry on the back of its focused approach towards innovation and introducing differentiated products. We expect earnings to bounce back sharply in FY22 post the dip in FY21 led by rebound in fans category and increase in share of fresh products. We roll over our target price to Sept 22E earnings and value the company at 38x due to its robust earnings growth potential. We maintain our Buy rating on the stock with a revised price target of Rs 242.

Laurus Labs hits record high on robust September quarter results

Laurus Labs hit record high of Rs 345 after rising 4.5 per cent on the BSE on Friday after the company reported a robust set of July-September quarter (Q2FY21) numbers. The pharmaceutical company's stock surpassed its previous high of Rs 343.20, touched on October 8, 2020. At 09:26 am, Laurus Labs had erased its morning gain and was trading 1 per cent higher at Rs 332 on the BSE, as compared to 0.26 per cent rise in the S&P BSE Sensex.READ MORE

Angel Broking leaps 10% as Kuwait Investment Authority buys 4.30 lakh shares


Nifty tops 11,700


BROKERAGE VIEW | Prabhudas Lilladher on TVS Motors

RATING: SELL | TARGET PRICE: Rs 386

We believe with eventual volume recovery, key costs like advertisement will come back as TVSL remains a challenger brand in most segments that it operates (ex-mopeds). Further, sharp increase in RM cost too act as headwinds for margin expansion. TVSL is trading at an expensive valuation of 24x/21x FY22/23 EPS (v/s HMCL and BJAUT trading range of 15-17x), which we believe factors in positives. Consequently, we maintain Sell at SoTP based price target of Rs 386 (18x Sep-22 core EPS at Rs341 (unchanged) and Rs 45 for NBFC (unchanged). We cut FY22/23 EPS by 0.3%/0.9% to factor in for weak product mix.

HPCL gains in trade on buyback proposal


MARKET CHECK :: Sensex jumps over 150 pts


Broader markets outperforming benchmarks


Result Reaction | BPCL up over 1%

>> State-run refiner Bharat Petroleum Corporation (BPCL) reported consolidated net profit at Rs 2,589.52 crore, jumping 58 per cent year-on-year on the back of lower expenses, including material and finance costs. The Covid impact lingers with refining throughput down and a 12 per cent dip in revenue.


Vodafone Idea recoups 9% from morning lows


InterGlobe Aviation slips 2%

>> InterGlobe Aviation has deferred plans for qualified institutional placement (QIP) till December end and will look to raise debt for liquidity. It reported a net loss of Rs 1,194 crore in the second quarter of the financial year 2021. In the same quarter last year, the firm had posted a net loss of Rs 1,062 crore.


TVS Motor trades firm post Q2 nos

>> TVS Motor on Thursday reported a profit of Rs 196.41 crore during the quarter ended September 30, 2020 as compared to Rs 255.01 crore a year ago. The company reported a revenue of Rs 4,617 crore in the second quarter of 2020-21 as against Rs 4,353 crore in the second quarter of 2019-20, registering a growth of 6 per cent.


Sectoral trends at Open


Sensex Heatmap at Open


First Trade


First Trade


Result Today

Reliance Industries, IndusInd Bank, DLF, and 77 other companies are slated to report their quarterly earnings today.

Japan's factory output rises for 4th month on jump in machinery production

Japan's industrial output rose for the fourth straight month in September as the world's third-largest economy continued to shake off the drag from the Covid-19 crisis largely thanks to improving external demand.
 
Separate data showed the September jobless rate held steady, while the number of available jobs per applicant fell to the lowest level since late 2013. READ MORE

Commodity Heatmap


Top gainers and losers on the S&P BSE Sensex at Pre-open


Markets at Pre-open


Markets at Pre-open


BROKERAGE VIEW :: MOFSL on TVS Motor

CMP: Rs 422 | TP: Rs 445 (+5%) | Reco: Neutral

>> TVS Motor Company (TVSL)’s operating performance was led by favorable Fx and lower cost. However, commodity cost inflation, INR appreciation, and the reversal of employee cost to pre-COVID levels from Oct’20 would dilute margins.

>> We cut our FY21E EPS by 9% due to an increase in depreciation and interest, while we maintain FY22E EPS. Maintain Neutral, with TP of Rs 445.

BROKERAGE VIEW :: MOFSL on IndiGo

CMP: Rs 1,323 | TP: Rs 1,350 (+2%) | Reco: Neutral

>> INDIGO reported better-than-estimated ASK/RPK growth in 2QFY21, while yield was lower than estimates. This resulted in-line revenue for 2QFY21.

>> INDIGO’s cash burn reduced to INR250m in 2QFY21 (from ~INR300m as of 30th Jun’20) as the company undertook cost reduction initiatives for leasing, payroll and other costs (like non-aircraft rentals, IT costs, etc.).

>> Despite the current state of uncertainty in the industry, INDIGO trades close to pre-COVID levels (mere -10% v/s Feb’20 level). We continue to believe in various
pre-emptive measures that are undertaken by INDIGO to focus and strengthen each of its business verticals and to come out strong from the current crisis.

>> We remain Neutral on the stock, and await further clarity on festive season demand over Nov’20-Jan’21.

BROKERAGE VIEW :: MOFSL on Maruti Suzuki

CMP: Rs 7,114 | TP: Rs 7,850 (+10%) | Reco: Buy

>> Maruti Suzuki (MSIL)’s 2QFY21 operating performance was impacted by higher non-RM cost, which diluted the benefits of lower discounts and operating leverage. While demand visibility is good up to Dec’20, whether demand will sustain after this month is currently an uncertainty.

>> We maintain our FY21/FY22 EPS. Maintain Buy, with TP of INR7,850

Stocks in focus today

Tata Group stocks: In a bid to settle its four-year-old dispute with the Tatas, the Shapoorji Pallonji (SP) group has sought a pro rata division of all the Tata Sons assets based on its 18.4 per cent stake in the Tata group holding company.
 
RIL: The company is slated to announce its September quarter results later in the day. In a Bloomberg poll, 14 analysts estimated a net profit of Rs 8,194 crore for Reliance while 10 analysts estimated revenue of Rs 1.11 trillion for the company.
 
Other earnings: Besides RIL, 79 other companies are expected to declare their September quarter results. The list includes names such as IndusInd Bank, Indian Oil, DLF, Just Dial. READ MORE 


Stock picks by Nilesh Jain of Anand Rathi

BUY ADANIENT | TARGET: Rs 350 | STOP LOSS: Rs 315
 
The stock has provided a fresh breakout from its falling channel on the daily chart. The higher-than-average volume activity supported the breakout. The momentum indicator RSI has reversed from its oversold territory and breached its falling trend line on the daily scale which hints at positive momentum in the counter. READ MORE

Here's a Bull Spread Strategy on HPCL

Bull spread Strategy on HPCL
 
Buy HPCL 180 Call at Rs 11.80 & simultaneously sell 200 Call at Rs 4.8
 
Lot Size 2700.
 
Cost of the strategy Rs 7 (Rs 18900 per strategy) READ MORE

Bulk deals on BSE as on Thursday

Bulk deals on NSE as on Thursday

FII/FPI & DII trading activity on NSE, BSE and MSEI


Rupee check

Source: Bloomberg


Oil check


SGX Nifty update

>> At 8:23 am, the index was trading 52 points lower at 11,618.2 levels.

Asian shares falter again, poised for first weekly loss since late-Sept

Source: Reuters


Wall Street rebounds as market eyes tech results

Source: Reuters



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