Extending their gaining streak into the seventh session in a row, the benchmark indices settled with nearly half a per cent gains on Monday. Encouraging September quarter results, along with optimism over US-China trade deal aided bulls to stay in the driver's seat.
The S&P BSE Sensex added 137 points or 0.34 per cent to end at a record closing high 40,301.96, with Infosys (up over 3 per cent) being the top gainer and Maruti Suzuki India (down 2.50 per cent) the worst performer. During the day, the index hit a fresh high of 40,483 levels.
On the NSE, the broader Nifty50 index ended at 11,945, up 54.55 points or 0.46 per cent.
Sectorally, media stocks tumbled the most on the NSE, followed by auto and FMCG counters. The Nifty Media index slipped over 3 per cent to 1,860.55 levels. On the contrary, metal stocks advanced the most. The Nifty Metal index rallied nearly 3 per cent to 2,634.60.
In the broader market, the S&P BSE MidCap index ended flat at 14,892, up just 1.57 points or 0.01 per cent. The S&P BSE SmallCap index ended at 13,631, up 30 points or 0.22 per cent.
BUZZING STOCKS
Zee Entertainment Enterprises (ZEEL) ended nearly 5 per cent lower at Rs 294.80 apiece on the NSE after news reports said the company has denied reports about transfer of promoter shares to escrow accounts. Dish TV slipped around 11 per cent to Rs 14.45.
Infosys ended over 3 per cent higher at Rs 709 after the company said on Monday it received no evidence to support the allegations in a whistleblower letter from last month. READ MORE
HDFC ended over 2 per cent higher at Rs 2,181 after it reported a standalone net profit of Rs 3,961 crore, up 60.5 per cent YoY, for the quarter ended September 2019 (Q2FY20) on the back of stake sale from Gruh Finance. READ MORE
GLOBAL MARKETS
Asian shares surged on Monday, with a broad regional gauge hitting more than 14-week highs, as growing optimism over US-China trade talks and upbeat US job data boosted global investors’ appetite for riskier assets. MSCI’s broadest index of Asia-Pacific shares outside Japan jumped 1.08 per cent, touching its highest level since July 24.
Hong Kong's Hang Seng rose 1.36 per cent, and Seoul's Kospi added 1.43 per cent. In mainland China, blue chips were up 0.72 per cent, and Australian shares were 0.27 per cent higher. Markets in Japan were closed for a holiday.
In Europe, too, shares touched their highest level in nearly two years.
In commodities, oil prices eased as concerns over economic data offset trade deal optimism. Brent crude futures for January fell 16 cents to $61.53 a barrel, while December US crude futures was at $56.04 a barrel, down 16 cents.
(With inputs from Reuters)
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03:37 PM
CLOSING BELL
The S&P BSE Sensex ended 137 pts or 0.34 per cent higher at 40,302 while NSE's Nifty50 index ended at 11,945, up 54.55 points or 0.46 per cent.
03:52 PM
Most auto stocks end weak
03:51 PM
Nifty snapshot
03:50 PM
Contribution to Sensex today
03:49 PM
Sensex heat map :: Infosys, HDFC among top gainers
03:37 PM
CLOSING BELL
The S&P BSE Sensex ended 137 pts or 0.34 per cent higher at 40,302 while NSE's Nifty50 index ended at 11,945, up 54.55 points or 0.46 per cent.
03:25 PM
NEWS ALERT | JSPL bids highest for Gare Palma IV/1 At Rs 230/t Vs reserve price of Rs 150/t
03:16 PM
Cadila Healthcare dips 8% as USFDA issues warning letter for Moraiya plant
Shares of Cadila Healthcare slipped 8 per cent to Rs 234 on the BSE in the intra-day trade on Monday after the company received a warning letter from the US health regulator for its Moraiya formulation facility. In a regulatory filing today, Cadila Healthcare said the Company has received a warning letter issued by the United States Food and Drug Administration (USFDA) relating to its Moraiya formulation facility. READ MORE
02:45 PM
NEWS ALERT | ZEEL denies reports about transfer of promoter shares to escrow accounts
02:43 PM
HDFC logs 80% YoY jump in consolidated net profit for Sept quarter; stock up 2%
Housing finance corporation HDFC, on Monday, reported a standalone net profit of Rs 3,961 crore, up 60.5 per cent YoY, for the quarter ended September 2019 (Q2FY20) on the back of stake sale from Gruh Finance. The HFC had reported a profit of Rs 3,203 crore in Q1FY20 and Rs 2,467 crore in Q2FY19.
On a consolidated basis, the HFC reported a profit of Rs 10,388 crore, up 80.38 per cent YoY from Rs 5,759.19 crore. READ MORE
HDFC
02:35 PM
NEWS ALERT | USFDA issues warning letter to Cadila Health's Moraiya unit
02:30 PM
EARNINGS ALERT | HDFC Q2 consolidated profit jumps 80% YoY to Rs 10,388.61 cr
- EPS grows to 60.24 from Rs 34.12 in the year-ago quarter;
- Tax expense at Rs 568.9 cr vs 1,022 cr YoY
02:27 PM
EARNINGS ALERT | SPARC Q2 net loss widens to Rs 63.2 cr YoY
- Revenue slips more than 72%
02:16 PM
Buzzing | CG Power locked in 5% upper circuit after block deals
02:11 PM
NEWS ALERT | Prakash Industries commences mining operations in Odisha: BSE filing
-- Mining operations in the Sirkagutu Iron and Manganese ore mine of the company at Keonjhar
02:09 PM
Burger King India to file for Rs 1,000-crore IPO this week: Details here
Burger King India, a major player in the domestic quick service restaurant (QSR) space, will file a document for an initial public offer (IPO) this week with the Securities and Exchange Board of India (Sebi), said people with direct knowledge of the development.
The issue will comprise a secondary share sale worth Rs 600 crore by private equity major Everstone Capital and fresh fundraising worth Rs 400 crore, which will be used to fuel the burger chain’s expansion plan. READ MORE
02:00 PM
BROKERAGE RADAR | ICICI Securities on Hawkins Cookers
A revival in revenue growth with expansion in margin profile augurs well for the company. We build in 29 per cent earnings CAGR over FY19-21E. At the CMP, Hawkins is trading at 26x, 23x EPS of Rs 149, Rs 170 for FY20E, FY21E, respectively. Given the robust balance sheet, good promoter pedigree, we reiterate BUY rating on the stock with a target price of Rs 4,600 (27x FY21E EPS) (earlier target price: Rs 4,000).
01:53 PM
HDFC trades flat ahead of Q2 nos
01:46 PM
NEWS ALERT | Bombay HC sets November 14 as date for RBI to file affidavit in PMC Bank Case: CNBC TV18
-- Bombay HC to next hear PMC Bank case on Nov 19
01:38 PM
Market check
01:29 PM
Nifty Auto index falls 2% in two days after rallying 13% in October
Maruti Suzuki India, Hero MotoCorp and TVS Motor Company slipped 2 per cent each, while M&M, Eicher Motors, Bajaj Auto and Ashok Leyland were each down 1 per cent today. READ MORE
01:26 PM
Dear YES Bank, the loose talk isn't helping. Just close this rescue soon
YES Bank Ltd. has changed. In the past, the troubled Indian lender kept quiet rather than tell shareholders the truth about its bad loans. Now, under new management, it can’t stop talking about an impending rescue. If the former approach nearly destroyed the bank, this latest strategy isn’t going to help fix it. READ MORE
01:25 PM
BUZZING STOCK | Jindal Steel jumps nearly 9%
01:05 PM
MARKET CHECK | Top gainers on the BSE at present
01:04 PM
NEWS ALERT | Infosys signs strategic long-term partnership with Siemens Gamesa Renewable Energy
01:00 PM
BROKERAGE RADAR | Emkay Global Financial Services on Dr Reddy's
We maintain Sell on the stock with a TP of Rs2,580, valuing the base business at 23x FY21E EPS to arrive at a value of Rs2,280/share and key opportunities at 10x multiple to arrive at Rs300/share. We have an UW stance on DRRD in sector EAP.
12:44 PM
NEWS ALERT | October gold imports down 33% at 38 tonnes YoY: Reuters
12:43 PM
NEWS ALERT | BHEL bags order worth Rs 200 cr: CNBC TV18
12:41 PM
Web Exclusive | Reliance Nippon, HDFC AMC rally up to 29% in 2 months; what lies ahead?
In the past two months, shares of these two companies have outperformed the market. The stock of Reliance Nippon has surged around 29 per cent while that of HDFC AMC has climbed over 15 per cent. In comparison, the broader Nifty50 index has gained around 10 per cent, ACE Equity data shows. READ MORE
investment
12:10 PM
Metal stocks gain on reports US,China to sign deal in Nov; Tata Steel up 5%
Shares of metal companies were trading higher for the second straight day on Monday, with Nifty Metal index advancing 6 per cent since Thursday, on report that US and China could sign the interim trade deal in November, which would trigger better prospects for Global growth.
At 10:56 am, the index was the largest gainer among key sectoral indices, up 4 per cent, as compared to a 0.55 per cent rise in the Nifty50 index. READ MORE
11:46 AM
MARKET ALERT | Sensex hits fresh record high of 40,483.21
The S&P BSE Sensex added 137 points or 0.34 per cent to end at a record closing high 40,301.96, with Infosys (up over 3 per cent) being the top gainer and Maruti Suzuki India (down 2.50 per cent) the worst performer. During the day, the index hit a fresh high of 40,483 levels.
On the NSE, the broader Nifty50 index ended at 11,945, up 54.55 points or 0.46 per cent.
Sectorally, media stocks tumbled the most on the NSE, followed by auto and FMCG counters. The Nifty Media index slipped over 3 per cent to 1,860.55 levels. On the contrary, metal stocks advanced the most. The Nifty Metal index rallied nearly 3 per cent to 2,634.60.
In the broader market, the S&P BSE MidCap index ended flat at 14,892, up just 1.57 points or 0.01 per cent. The S&P BSE SmallCap index ended at 13,631, up 30 points or 0.22 per cent.
BUZZING STOCKS
Zee Entertainment Enterprises (ZEEL) ended nearly 5 per cent lower at Rs 294.80 apiece on the NSE after news reports said the company has denied reports about transfer of promoter shares to escrow accounts. Dish TV slipped around 11 per cent to Rs 14.45.
Infosys ended over 3 per cent higher at Rs 709 after the company said on Monday it received no evidence to support the allegations in a whistleblower letter from last month. READ MORE
HDFC ended over 2 per cent higher at Rs 2,181 after it reported a standalone net profit of Rs 3,961 crore, up 60.5 per cent YoY, for the quarter ended September 2019 (Q2FY20) on the back of stake sale from Gruh Finance. READ MORE
GLOBAL MARKETS
Asian shares surged on Monday, with a broad regional gauge hitting more than 14-week highs, as growing optimism over US-China trade talks and upbeat US job data boosted global investors’ appetite for riskier assets. MSCI’s broadest index of Asia-Pacific shares outside Japan jumped 1.08 per cent, touching its highest level since July 24.
Hong Kong's Hang Seng rose 1.36 per cent, and Seoul's Kospi added 1.43 per cent. In mainland China, blue chips were up 0.72 per cent, and Australian shares were 0.27 per cent higher. Markets in Japan were closed for a holiday.
In Europe, too, shares touched their highest level in nearly two years.
In commodities, oil prices eased as concerns over economic data offset trade deal optimism. Brent crude futures for January fell 16 cents to $61.53 a barrel, while December US crude futures was at $56.04 a barrel, down 16 cents.
(With inputs from Reuters)
CATCH ALL THE LIVE UPDATES
Auto Refresh
03:37 PM
CLOSING BELL
The S&P BSE Sensex ended 137 pts or 0.34 per cent higher at 40,302 while NSE's Nifty50 index ended at 11,945, up 54.55 points or 0.46 per cent.
03:52 PM
Most auto stocks end weak
03:51 PM
Nifty snapshot
03:50 PM
Contribution to Sensex today
03:49 PM
Sensex heat map :: Infosys, HDFC among top gainers
03:37 PM
CLOSING BELL
The S&P BSE Sensex ended 137 pts or 0.34 per cent higher at 40,302 while NSE's Nifty50 index ended at 11,945, up 54.55 points or 0.46 per cent.
03:25 PM
NEWS ALERT | JSPL bids highest for Gare Palma IV/1 At Rs 230/t Vs reserve price of Rs 150/t
03:16 PM
Cadila Healthcare dips 8% as USFDA issues warning letter for Moraiya plant
Shares of Cadila Healthcare slipped 8 per cent to Rs 234 on the BSE in the intra-day trade on Monday after the company received a warning letter from the US health regulator for its Moraiya formulation facility. In a regulatory filing today, Cadila Healthcare said the Company has received a warning letter issued by the United States Food and Drug Administration (USFDA) relating to its Moraiya formulation facility. READ MORE
02:45 PM
NEWS ALERT | ZEEL denies reports about transfer of promoter shares to escrow accounts
02:43 PM
HDFC logs 80% YoY jump in consolidated net profit for Sept quarter; stock up 2%
Housing finance corporation HDFC, on Monday, reported a standalone net profit of Rs 3,961 crore, up 60.5 per cent YoY, for the quarter ended September 2019 (Q2FY20) on the back of stake sale from Gruh Finance. The HFC had reported a profit of Rs 3,203 crore in Q1FY20 and Rs 2,467 crore in Q2FY19.
On a consolidated basis, the HFC reported a profit of Rs 10,388 crore, up 80.38 per cent YoY from Rs 5,759.19 crore. READ MORE
HDFC
02:35 PM
NEWS ALERT | USFDA issues warning letter to Cadila Health's Moraiya unit
02:30 PM
EARNINGS ALERT | HDFC Q2 consolidated profit jumps 80% YoY to Rs 10,388.61 cr
- EPS grows to 60.24 from Rs 34.12 in the year-ago quarter;
- Tax expense at Rs 568.9 cr vs 1,022 cr YoY
02:27 PM
EARNINGS ALERT | SPARC Q2 net loss widens to Rs 63.2 cr YoY
- Revenue slips more than 72%
02:16 PM
Buzzing | CG Power locked in 5% upper circuit after block deals
02:11 PM
NEWS ALERT | Prakash Industries commences mining operations in Odisha: BSE filing
-- Mining operations in the Sirkagutu Iron and Manganese ore mine of the company at Keonjhar
02:09 PM
Burger King India to file for Rs 1,000-crore IPO this week: Details here
Burger King India, a major player in the domestic quick service restaurant (QSR) space, will file a document for an initial public offer (IPO) this week with the Securities and Exchange Board of India (Sebi), said people with direct knowledge of the development.
The issue will comprise a secondary share sale worth Rs 600 crore by private equity major Everstone Capital and fresh fundraising worth Rs 400 crore, which will be used to fuel the burger chain’s expansion plan. READ MORE
02:00 PM
BROKERAGE RADAR | ICICI Securities on Hawkins Cookers
A revival in revenue growth with expansion in margin profile augurs well for the company. We build in 29 per cent earnings CAGR over FY19-21E. At the CMP, Hawkins is trading at 26x, 23x EPS of Rs 149, Rs 170 for FY20E, FY21E, respectively. Given the robust balance sheet, good promoter pedigree, we reiterate BUY rating on the stock with a target price of Rs 4,600 (27x FY21E EPS) (earlier target price: Rs 4,000).
01:53 PM
HDFC trades flat ahead of Q2 nos
01:46 PM
NEWS ALERT | Bombay HC sets November 14 as date for RBI to file affidavit in PMC Bank Case: CNBC TV18
-- Bombay HC to next hear PMC Bank case on Nov 19
01:38 PM
Market check
01:29 PM
Nifty Auto index falls 2% in two days after rallying 13% in October
Maruti Suzuki India, Hero MotoCorp and TVS Motor Company slipped 2 per cent each, while M&M, Eicher Motors, Bajaj Auto and Ashok Leyland were each down 1 per cent today. READ MORE
01:26 PM
Dear YES Bank, the loose talk isn't helping. Just close this rescue soon
YES Bank Ltd. has changed. In the past, the troubled Indian lender kept quiet rather than tell shareholders the truth about its bad loans. Now, under new management, it can’t stop talking about an impending rescue. If the former approach nearly destroyed the bank, this latest strategy isn’t going to help fix it. READ MORE
01:25 PM
BUZZING STOCK | Jindal Steel jumps nearly 9%
01:05 PM
MARKET CHECK | Top gainers on the BSE at present
01:04 PM
NEWS ALERT | Infosys signs strategic long-term partnership with Siemens Gamesa Renewable Energy
01:00 PM
BROKERAGE RADAR | Emkay Global Financial Services on Dr Reddy's
We maintain Sell on the stock with a TP of Rs2,580, valuing the base business at 23x FY21E EPS to arrive at a value of Rs2,280/share and key opportunities at 10x multiple to arrive at Rs300/share. We have an UW stance on DRRD in sector EAP.
12:44 PM
NEWS ALERT | October gold imports down 33% at 38 tonnes YoY: Reuters
12:43 PM
NEWS ALERT | BHEL bags order worth Rs 200 cr: CNBC TV18
12:41 PM
Web Exclusive | Reliance Nippon, HDFC AMC rally up to 29% in 2 months; what lies ahead?
In the past two months, shares of these two companies have outperformed the market. The stock of Reliance Nippon has surged around 29 per cent while that of HDFC AMC has climbed over 15 per cent. In comparison, the broader Nifty50 index has gained around 10 per cent, ACE Equity data shows. READ MORE
investment
12:10 PM
Metal stocks gain on reports US,China to sign deal in Nov; Tata Steel up 5%
Shares of metal companies were trading higher for the second straight day on Monday, with Nifty Metal index advancing 6 per cent since Thursday, on report that US and China could sign the interim trade deal in November, which would trigger better prospects for Global growth.
At 10:56 am, the index was the largest gainer among key sectoral indices, up 4 per cent, as compared to a 0.55 per cent rise in the Nifty50 index. READ MORE
11:46 AM
MARKET ALERT | Sensex hits fresh record high of 40,483.21
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