Domestic indices were volatile in the early trade on Thursday.
The benchmark S&P BSE Sensex was trading at 38,640 level in the first trade. HDFC (up 0.86 per cent), IndusInd Bank (up 0.75 per cent), and YES Bank (up 0.61 per cent) were the top gainers in the early trade. On the downside, Vedanta (down 1.4 per cent), Tata Steel (down 1.2 per cent), and ONGC (down 1 per cent) were the biggest losers. On NSE, Nifty50 was trading at 11,460 level.
Sectorally, indices were trading mixed. Nifty Bank and Financial Services indices were up 0.3 per cent each in the first trade. On the contrary, Nifty Metal index slipped the most, down over 1 per cent.
In the broader market, the S&P BSE mid-cap index was down 0.05 per cent, while the S&P BSE small-cap index was up 0.10 per cent.
RESULTS TODAY
Today, as many as 19 companies, including DHFL, PVR, TVS Motor, and Zee Entertainment Enterprises, are scheduled to announce their September quarter results today.
GLOBAL CUES
Wall Street lost ground on Wednesday as weak U.S. economic data and simmering geopolitical tensions spooked buyers away from the equities market. The Dow Jones Industrial Average fell 0.08 per cent, the S&P 500 lost 0.2 per cent, and the Nasdaq Composite dropped 0.3 per cent.
Asian stocks barely moved on Thursday while sterling was volatile as negotiations on a Brexit deal continued. Both MSCI's broadest index of Asia-Pacific shares outside Japan and Japan's Nikkei were little changed in early trade.
Oil prices slid on Thursday after industry data showed a larger-than-expected build-up in stocks in the United States. Global benchmark Brent crude oil futures dipped 40 cents, or 0.7 per cent, to $59.02 a barrel.
CATCH ALL THE LIVE UPDATES
Auto Refresh
09:56 AM
NEWS ALERT | Don't think govt can help Discoms w.r.t payments: SC Garg, Power Secy to CNBC TV18
-- Mismatch of Rs 1.5 trillion YoY between cost of production and selling price
-- Flash floods led to temporary disruptions in coal supply
-- See some power contraction due to slowdown in manufacturing
-- Discoms have been making payments regularly since August
-- Need to address leveraged balancesheets
09:52 AM
NEWS ALERT | DHFL clarifies on ICRA’s downgrade of pooled loans to default
09:44 AM
STOCK ALERT | J.Kumar Infra gains 4% after 1% equity changes hand on exchanges
09:37 AM
Suven Life Sciences gains over 2%
-- CRISIL has assigned A rating to Suven Life Sciences' long-term bank facilities and placed on ‘Rating Watch with Positive Implications'
09:30 AM
BUZZING STOCK | Bajaj Consumer extends gains, surges over 14%
09:28 AM
Hathway climbs nearly 5% post Q2 results
09:26 AM
BUZZING STOCK | Mindtree slips over 1.50% post Q2 nos
09:24 AM
Sectoral gainers and losers on the NSE
09:24 AM
MARKET WATCH | Top gainers and losers on the S&P BSE Sensex
09:22 AM
OPENING DEALS
At 09:20 am, the S&P BSE Sensex rose 79 points or 0.21 per cent higher at 38,678.15 levels while NSE's Nifty50 index was ruling at 11,470.80 levels, up 7 points or 0.06 per cent.
09:05 AM
Top gainers and losers on S&P BSE Sensex during Pre-open
09:04 AM
Market at Pre-open
09:04 AM
Market at Pre-open
09:01 AM
Rupee Opening Alert
Rupee opens at 71.38/$ vs Wednesday's close of Rs 71.44
09:00 AM
Crucial Diwali for jewellers: Will consumers lift demand for the industry?
The festive season has kick-started with record-high gold price amid the economic slowdown. consumers preferring to stay put rather than spending has impacted the jewellery industry badly.
If this Diwali season fails, the industry is expected to face huge losses. Rajesh Bhayani explains the relevance of Diwali demand this year. READ MORE
08:53 AM
India International Exchange plans to waive fee to lure rupee trade home
The India International Exchange (IFSC) Ltd., also known as India INX, plans to waive commissions initially, a strategy it used to bolster liquidity in its equity and gold derivatives contracts.
“We will compete with lowest-cost access,” V. Balasubramaniam, chief executive at the bourse based in the tax-incentive zone in the GIFT City, said in an interview. “For us, the cost of running a market is much lower as manpower and infrastructure costs at the IFSC are small.” READ MORE
08:50 AM
Low delivery-based volumes underscore bearish sentiment in markets
The falling delivery-based volumes are underscoring the bearish undercurrent in the market, say experts. Trades marked for delivery have been dipping consistently since July.
For the month of September, they stood at 31.3 per cent, even as the average daily cash market turnover surcharged past Rs 40,000 crore. Since 2005, the monthly cash market turnover has been in excess of Rs 40,000 crore on only four occasions, and the average delivery-based volumes has been 31 per cent or below on only nine occasions. READ MORE
08:45 AM
Jio says rivals fraudulently claiming IUC; asks Trai to slap penalties
It asked Telecom Regulatory Authority of India (Trai) to penalise the three entities and to direct them to refund the money, with interest.
In a letter to Trai, it alleged the three firms have allotted mobile numbers as customer care or helpline numbers to companies such as Oyo, Justdial, and Videocon D2H. READ MORE
08:42 AM
Stocks to watch: DHFL, TVS Motor, ZEEL, YES Bank, ICICI Lombard, Mindtree
Here's a look at the top stocks that may remain in focus today -
Earnings today: As many as 19 companies, including DHFL, PVR, TVS Motor, and Zee Entertainment Enterprises, are scheduled to announce their September quarter results today.
Indiabulls Housing Finance: As per BSE filing, the rating committee of CRISIL has reaffirmed the long-term rating of Indiabulls Housing Finance Limited at “CRISIL AA+”. Short-term rating has been reaffirmed at “CRISIL A1+”. The watch resolution of negative outlook follows the announcement of RBI not approving the merger of IBH with LVB. READ MORE
08:39 AM
Mindtree posts muted revenue growth in Q2, net profit down 34.6%
Mid-sized information technology (IT) services firm Mindtree on Wednesday posted 34.6 per cent decline in its net profit at Rs 135 crore for the second quarter of FY20 when compared with the corresponding period of the previous financial year.
The decline in net profit was attributed to higher expenses arising out of payout to employees apart from absence of gains from currency movement, which it reported in Q2 of FY19. In sequential terms, however, net profit grew by 46 per cent. READ MORE HERE
08:37 AM
MFs up the ante on private banks, increase weight to nearly 21%
Mutual funds (MFs) have increased their weight on private banks to a new high of 20.8 per cent in September. With some of the players in the financial space facing heat on their loan exposures, money managers are of the view that better-run private banks are poised to corner higher market share.
Private banks are the top sector holding for MFs, followed by non-banking financial companies (8.9 per cent), technology (8.7 per cent), consumer (8.4 per cent), and capital goods (7.8 per cent), showed a report by Motilal Oswal Financial Services. READ MORE
08:34 AM
Market Ahead, October 17: All you need to know before the Opening Bell
Markets are trading in the positive zone and are likely to maintain the up-move albeit in narrow range. The upside move on the Nifty could face resistance at 11,600 mark in the short-term.
For today, market investors would eye corporate earnings to steer through the trade. About 19 companies, including DHFL, Zee Entertainment, Force Motors, and TVS Motors are scheduled to report their September quarter earnings later in the day. LISTEN TO PRE-MARKET PODCAST
08:31 AM
Today's picks: From Hero MotoCorp to BPCL, hot stocks to watch on Thursday
Nifty
Current: 11464 (fut: 11483)
Target: NA
Stop long positions at 11375. Stop short positions at 11575. Big moves could go till 11625, 11325. Short-term trend could be positive. A long Oct 24 11600c (45), short 11700c (20) could gain 15-20 if the index tests 11600. READ MORE
08:28 AM
Market Outlook | Nagaraj Shetti – Technical & Derivative Analyst, HDFC Securities
Short term trend is positive for Nifty
The uptrend continued in the market amidst a range movement and the Nifty moved up and closed the day higher on Wednesday. A 'doji' type candlestick pattern was formed yesterday (upper and lower shadow with identical open and close) at the swing high of 11,465 levels.
Technically, the formation of doji after a reasonable upmove could be considered as a warning signal for the bulls about trend reversal down. But, we need confirmation of weakness below the low of yesterday's doji (11,411) to call this as a trend reversal down pattern. Previously (on 14th Oct), a formation of similar type of doji was nullified with uptrend continuation pattern.
The short term trend of Nifty is positive, the next upside resistance to be watched around 11,560-600 levels.
08:22 AM
Nifty outlook & stock picks by CapitalVia: Buy Axis Bank, Avenue Supermarts
As per monthly option data, put writing on strikes ranging from 11,300 to 11,500 which shows Nifty likely to take support in sub-11,400 zone. Call unwinding on lower strikes shows weakening of resistance on lower levels ranging from 11,200 to 11,300. Trader should remain positive bias as market is trading above 200-day and 50-day EMA stands in the zones of 11,220 and put OI at 11,000 will act as major support for the month, but 11,500 will act as stiff resistance as maximum OI for the calls stands here. READ MORE HERE
08:19 AM
Bulk deals on BSE as on Wednesday
Click here for complete list
08:16 AM
Bulk deals on NSE as on Wednesday
Click here for complete list
08:13 AM
FII/FPI & DII trading activity on NSE, BSE and MSEI
08:11 AM
Rupee Check
Source: Bloomberg
08:09 AM
Oil Check
-- Oil prices eased after U.S. data showed a larger-than-expected build in U.S. crude stocks, reported Reuters
-- At 8:08 am, Brent Crude Futures were at $59 per barrel mark, down 0.71 per cent.
08:06 AM
SGX Nifty
At 8:05 am, the Singaporean Exchange for Nifty Futures were trading at 11,492.5 level, up 6.5 points.
The benchmark S&P BSE Sensex was trading at 38,640 level in the first trade. HDFC (up 0.86 per cent), IndusInd Bank (up 0.75 per cent), and YES Bank (up 0.61 per cent) were the top gainers in the early trade. On the downside, Vedanta (down 1.4 per cent), Tata Steel (down 1.2 per cent), and ONGC (down 1 per cent) were the biggest losers. On NSE, Nifty50 was trading at 11,460 level.
Sectorally, indices were trading mixed. Nifty Bank and Financial Services indices were up 0.3 per cent each in the first trade. On the contrary, Nifty Metal index slipped the most, down over 1 per cent.
In the broader market, the S&P BSE mid-cap index was down 0.05 per cent, while the S&P BSE small-cap index was up 0.10 per cent.
RESULTS TODAY
Today, as many as 19 companies, including DHFL, PVR, TVS Motor, and Zee Entertainment Enterprises, are scheduled to announce their September quarter results today.
GLOBAL CUES
Wall Street lost ground on Wednesday as weak U.S. economic data and simmering geopolitical tensions spooked buyers away from the equities market. The Dow Jones Industrial Average fell 0.08 per cent, the S&P 500 lost 0.2 per cent, and the Nasdaq Composite dropped 0.3 per cent.
Asian stocks barely moved on Thursday while sterling was volatile as negotiations on a Brexit deal continued. Both MSCI's broadest index of Asia-Pacific shares outside Japan and Japan's Nikkei were little changed in early trade.
Oil prices slid on Thursday after industry data showed a larger-than-expected build-up in stocks in the United States. Global benchmark Brent crude oil futures dipped 40 cents, or 0.7 per cent, to $59.02 a barrel.
CATCH ALL THE LIVE UPDATES
Auto Refresh
09:56 AM
NEWS ALERT | Don't think govt can help Discoms w.r.t payments: SC Garg, Power Secy to CNBC TV18
-- Mismatch of Rs 1.5 trillion YoY between cost of production and selling price
-- Flash floods led to temporary disruptions in coal supply
-- See some power contraction due to slowdown in manufacturing
-- Discoms have been making payments regularly since August
-- Need to address leveraged balancesheets
09:52 AM
NEWS ALERT | DHFL clarifies on ICRA’s downgrade of pooled loans to default
09:44 AM
STOCK ALERT | J.Kumar Infra gains 4% after 1% equity changes hand on exchanges
09:37 AM
Suven Life Sciences gains over 2%
-- CRISIL has assigned A rating to Suven Life Sciences' long-term bank facilities and placed on ‘Rating Watch with Positive Implications'
09:30 AM
BUZZING STOCK | Bajaj Consumer extends gains, surges over 14%
09:28 AM
Hathway climbs nearly 5% post Q2 results
09:26 AM
BUZZING STOCK | Mindtree slips over 1.50% post Q2 nos
09:24 AM
Sectoral gainers and losers on the NSE
09:24 AM
MARKET WATCH | Top gainers and losers on the S&P BSE Sensex
09:22 AM
OPENING DEALS
At 09:20 am, the S&P BSE Sensex rose 79 points or 0.21 per cent higher at 38,678.15 levels while NSE's Nifty50 index was ruling at 11,470.80 levels, up 7 points or 0.06 per cent.
09:05 AM
Top gainers and losers on S&P BSE Sensex during Pre-open
09:04 AM
Market at Pre-open
09:04 AM
Market at Pre-open
09:01 AM
Rupee Opening Alert
Rupee opens at 71.38/$ vs Wednesday's close of Rs 71.44
09:00 AM
Crucial Diwali for jewellers: Will consumers lift demand for the industry?
The festive season has kick-started with record-high gold price amid the economic slowdown. consumers preferring to stay put rather than spending has impacted the jewellery industry badly.
If this Diwali season fails, the industry is expected to face huge losses. Rajesh Bhayani explains the relevance of Diwali demand this year. READ MORE
08:53 AM
India International Exchange plans to waive fee to lure rupee trade home
The India International Exchange (IFSC) Ltd., also known as India INX, plans to waive commissions initially, a strategy it used to bolster liquidity in its equity and gold derivatives contracts.
“We will compete with lowest-cost access,” V. Balasubramaniam, chief executive at the bourse based in the tax-incentive zone in the GIFT City, said in an interview. “For us, the cost of running a market is much lower as manpower and infrastructure costs at the IFSC are small.” READ MORE
08:50 AM
Low delivery-based volumes underscore bearish sentiment in markets
The falling delivery-based volumes are underscoring the bearish undercurrent in the market, say experts. Trades marked for delivery have been dipping consistently since July.
For the month of September, they stood at 31.3 per cent, even as the average daily cash market turnover surcharged past Rs 40,000 crore. Since 2005, the monthly cash market turnover has been in excess of Rs 40,000 crore on only four occasions, and the average delivery-based volumes has been 31 per cent or below on only nine occasions. READ MORE
08:45 AM
Jio says rivals fraudulently claiming IUC; asks Trai to slap penalties
It asked Telecom Regulatory Authority of India (Trai) to penalise the three entities and to direct them to refund the money, with interest.
In a letter to Trai, it alleged the three firms have allotted mobile numbers as customer care or helpline numbers to companies such as Oyo, Justdial, and Videocon D2H. READ MORE
08:42 AM
Stocks to watch: DHFL, TVS Motor, ZEEL, YES Bank, ICICI Lombard, Mindtree
Here's a look at the top stocks that may remain in focus today -
Earnings today: As many as 19 companies, including DHFL, PVR, TVS Motor, and Zee Entertainment Enterprises, are scheduled to announce their September quarter results today.
Indiabulls Housing Finance: As per BSE filing, the rating committee of CRISIL has reaffirmed the long-term rating of Indiabulls Housing Finance Limited at “CRISIL AA+”. Short-term rating has been reaffirmed at “CRISIL A1+”. The watch resolution of negative outlook follows the announcement of RBI not approving the merger of IBH with LVB. READ MORE
08:39 AM
Mindtree posts muted revenue growth in Q2, net profit down 34.6%
Mid-sized information technology (IT) services firm Mindtree on Wednesday posted 34.6 per cent decline in its net profit at Rs 135 crore for the second quarter of FY20 when compared with the corresponding period of the previous financial year.
The decline in net profit was attributed to higher expenses arising out of payout to employees apart from absence of gains from currency movement, which it reported in Q2 of FY19. In sequential terms, however, net profit grew by 46 per cent. READ MORE HERE
08:37 AM
MFs up the ante on private banks, increase weight to nearly 21%
Mutual funds (MFs) have increased their weight on private banks to a new high of 20.8 per cent in September. With some of the players in the financial space facing heat on their loan exposures, money managers are of the view that better-run private banks are poised to corner higher market share.
Private banks are the top sector holding for MFs, followed by non-banking financial companies (8.9 per cent), technology (8.7 per cent), consumer (8.4 per cent), and capital goods (7.8 per cent), showed a report by Motilal Oswal Financial Services. READ MORE
08:34 AM
Market Ahead, October 17: All you need to know before the Opening Bell
Markets are trading in the positive zone and are likely to maintain the up-move albeit in narrow range. The upside move on the Nifty could face resistance at 11,600 mark in the short-term.
For today, market investors would eye corporate earnings to steer through the trade. About 19 companies, including DHFL, Zee Entertainment, Force Motors, and TVS Motors are scheduled to report their September quarter earnings later in the day. LISTEN TO PRE-MARKET PODCAST
08:31 AM
Today's picks: From Hero MotoCorp to BPCL, hot stocks to watch on Thursday
Nifty
Current: 11464 (fut: 11483)
Target: NA
Stop long positions at 11375. Stop short positions at 11575. Big moves could go till 11625, 11325. Short-term trend could be positive. A long Oct 24 11600c (45), short 11700c (20) could gain 15-20 if the index tests 11600. READ MORE
08:28 AM
Market Outlook | Nagaraj Shetti – Technical & Derivative Analyst, HDFC Securities
Short term trend is positive for Nifty
The uptrend continued in the market amidst a range movement and the Nifty moved up and closed the day higher on Wednesday. A 'doji' type candlestick pattern was formed yesterday (upper and lower shadow with identical open and close) at the swing high of 11,465 levels.
Technically, the formation of doji after a reasonable upmove could be considered as a warning signal for the bulls about trend reversal down. But, we need confirmation of weakness below the low of yesterday's doji (11,411) to call this as a trend reversal down pattern. Previously (on 14th Oct), a formation of similar type of doji was nullified with uptrend continuation pattern.
The short term trend of Nifty is positive, the next upside resistance to be watched around 11,560-600 levels.
08:22 AM
Nifty outlook & stock picks by CapitalVia: Buy Axis Bank, Avenue Supermarts
As per monthly option data, put writing on strikes ranging from 11,300 to 11,500 which shows Nifty likely to take support in sub-11,400 zone. Call unwinding on lower strikes shows weakening of resistance on lower levels ranging from 11,200 to 11,300. Trader should remain positive bias as market is trading above 200-day and 50-day EMA stands in the zones of 11,220 and put OI at 11,000 will act as major support for the month, but 11,500 will act as stiff resistance as maximum OI for the calls stands here. READ MORE HERE
08:19 AM
Bulk deals on BSE as on Wednesday
Click here for complete list
08:16 AM
Bulk deals on NSE as on Wednesday
Click here for complete list
08:13 AM
FII/FPI & DII trading activity on NSE, BSE and MSEI
08:11 AM
Rupee Check
Source: Bloomberg
08:09 AM
Oil Check
-- Oil prices eased after U.S. data showed a larger-than-expected build in U.S. crude stocks, reported Reuters
-- At 8:08 am, Brent Crude Futures were at $59 per barrel mark, down 0.71 per cent.
08:06 AM
SGX Nifty
At 8:05 am, the Singaporean Exchange for Nifty Futures were trading at 11,492.5 level, up 6.5 points.
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