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CNBC-TV18 Market Highlights: Sensex ends mildly lower, Nifty holds 11,900; Zee, IndusInd Bank top losers

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Indian shares ended the volatile session on a mildly lower on Tuesday, snapping seven sessions of gains. Gains in index heavyweights like Bajaj Finance, ITC, and HDFC Bank capped major losses in all the other indices. The Sensex ended the day 54 points lower at 40,243, while the broader Nifty50 index lost 24 points to end the day at 11,917.

CNBC-TV18 Market Highlights: Sensex ends mildly lower, Nifty holds 11,900; Zee, IndusInd Bank top losers
  • Closing Bell: Sensex ends mildly lower, Nifty holds 11,900; Zee, IndusInd Bank top losers##Closing Bell: Sensex ends mildly lower, Nifty holds 11,900; Zee, IndusInd Bank top losers

    Indian shares ended the volatile session on a mildly lower on Tuesday, snapping seven sessions of gains. Gains in index heavyweights like Bajaj Finance, ITC, and SBI capped major losses in the all the other indices. 

    - The Sensex ended the day 54 points lower at 40,243, while the broader Nifty50 index lost 24 points to end the day at 11,917.

    - Bajaj Finance, Yes Bank, Bharti Infratel, UPL, and Bharti Airtel were the top gainers on the Nifty50, while Zee, IndusInd Bank, UltraTech Cement, Eicher Motors, and Sun Pharma led the losses.

    - All sectoral indices, except Nifty FMCG, ended in red for the day. Nifty Media fell the most, down 1.4 percent during the day, followed by Nifty Pharma, down 1.1 percent. Meanwhile, Nifty Metal also declined 0.9 percent and all banking indices were also in red. However, Nifty FMCG rose 0.3 percent for the day. 

    - Yes Bank rose 3 percent after Rakesh Jhunjhunwala bought nearly 1.3 crore shares of the private sector lender for around Rs 87 crore through open market transactions.

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  • This year's major sectoral losers have witnessed significant gains in last two months##This year's major sectoral losers have witnessed significant gains in last two months


    It was a tough year for sectoral indices, particularly auto and metal, until August. Over the last two months, however, the sectors were seen recovering with significant rallies. Nifty Auto, for example, had declined 35 percent in a year to August owing to the sector's worst crisis in two decades. The index, however, has gained nearly 21 percent over the last two months on hopes of a good festive season. Likewise, Nifty Financial Services and Nifty Metal, which also remained in the red for the year, have picked up on factors like positive Q2 earnings and progress in US-China trade talks. READ MORE

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  • This is the only PSU bank stock to give positive return in 2019
    Most PSU banks have emerged as major wealth destroyers in 2019 despite recapitalisation by the government due to asset quality issues, an increase in bad loans and low profit visibility.
    CNBC-TV18 Market Highlights: Sensex ends mildly lower, Nifty holds 11,900; Zee, IndusInd Bank top losers
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  • Berger Paints Q2 Earnings: Net profit surges 67%##Berger Paints Q2 Earnings: Net profit surges 67%

    In its second-quarter earnings, Berger Paints reported a 67.2 percent rise in the consolidated net profit at Rs 194.6 crore. The consolidated revenue rose 7.3 percent at Rs 1,598.56 crore as against Rs 1,490 crore YoY. 

    Consolidated EBITDA stood at Rs 251.1 crore as compared to Rs 220.4 crore last year, a rise of 14 percent YoY.

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  • NCC Q2 Earnings: Net profit plunges 36% YoY##NCC Q2 Earnings: Net profit plunges 36% YoY

    NCC Ltd in its second-quarter earnings reported net profit at Rs 80 crore as against Rs 125.65 crore the same quarter last year, a fall of 36.5 percent year-on-year (YoY). 

    The revenue from operations declined 44 percent YoY at Rs 1,732 crore as compared to Rs 3,104.81 crore in the same quarter last year. 

    In the second quarter of the current year, the company has secured orders aggregating to Rs 1,518 crore and the order book stood at Rs 33,173 crore as of September 30, 2019. 

    During the quarter, the company has secured orders aggregating Rs 973.22 crore. 

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  • PNB Q2 Earnings: Asset quality weakens, provisions rises##PNB Q2 Earnings: Asset quality weakens, provisions rises

    Punjab National Bank during its July-September quarter reported net profit at Rs 507.1 crore as compared to the loss of Rs 4,532.35 crore in the year-ago period due to a sharp spike in provisions. 

    The net interest income during the quarter rose 7.3 percent to Rs 4,263.8 crore. Asset quality deteriorated with net NPA climbing 48bps to 7.65 percent QoQ. 

    Provisions and contingencies during the quarter stood at Rs 2,928.9 crore, rising 48 percent QoQ. 

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  • Saudi Aramco's mega IPO: Why analysts remain cautious about it

    Saudi Aramco is all set to list on the Saudi Stock Exchange in Riyadh, in what could be the world's biggest initial public offering (IPO).
    CNBC-TV18 Market Highlights: Sensex ends mildly lower, Nifty holds 11,900; Zee, IndusInd Bank top losers
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  • India's gold imports drop 33% in October as higher prices curtail festive buying##India's gold imports drop 33% in October as higher prices curtail festive buying


    India's gold imports in October fell a third from a year earlier, dropping a fourth straight month as near record-high prices dampened festive buying in the world's second-biggest consumer of the metal, a government source said on Monday. Lower imports by the South Asian country could cap gains in global gold prices that are trading near their highest level in more than six years, and may also help New Delhi bring down its trade deficit and support the rupee. READ MORE

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  • Intellect Design Arena declines 20% on disappointing Q2 earnings##Intellect Design Arena declines 20% on disappointing Q2 earnings

    Software company Intellect Design Arena's stock price tanked 20 percent intraday on Tuesday on account of weak Q2 earnings. The 20 percent intraday fall in the stock brought down the price per share to Rs 149.60. The software developing company's Q2 net loss came in at Rs 1,331 crore as against the profit of Rs 50 crore in the same quarter last year. READ MORE

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  • JSPL may report 8% fall in revenue and margin likely to come in at 19.31% against 22.11% YoY##JSPL may report 8% fall in revenue and margin likely to come in at 19.31% against 22.11% YoY

    CNBC-TV18 Market Highlights: Sensex ends mildly lower, Nifty holds 11,900; Zee, IndusInd Bank top losers
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  • Bharat Forge share price climbs 5% after increase in North American Class 8 truck sales##Bharat Forge share price climbs 5% after increase in North American Class 8 truck sales


    Shares of Bharat Forge gained five percent intraday on November 5 after increase in North American Class 8 truck sales in October. North American Class 8 truck orders improved substantially in October, rising 75 percent to 22,100 units compared to September, though year-on-year the same declined 73 percent. This was third consecutive month of improvement in North American truck sales after sales fell below 10,000 units a month in July.

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  • Yes Bank not a stock for long-term investors, says Ajay Srivastava of Dimensions##Yes Bank not a stock for long-term investors, says Ajay Srivastava of Dimensions


    Yes Bank is a speculative stock and not an investor stock, said Ajay Srivastava, CEO, Dimensions Corporate Finance Services, adding "I will not risk my capital on a CEO who has not run a commercial bank in the country by and large. I will not buy it.” On Rakesh Jhunjhunwala picking 0.5 percent equity in Yes Bank, he said, "There will be a fan club of the big bull which will follow him no matter where he goes and so buying may happen in the stock.” READ MORE

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  • Promoter-investor ties are becoming stronger as each other's needs are getting clearer, says KKR India CEO Sanjay Nayar - Read the full interview here

    Global private equity firm KKR, which has about $4 billion of assets under management in India including $1.5 billion of credit business is positive on the resolution of stressed assets.
    CNBC-TV18 Market Highlights: Sensex ends mildly lower, Nifty holds 11,900; Zee, IndusInd Bank top losers
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  • Indian Overseas Bank declines 14% as net loss widens in Q2##Indian Overseas Bank declines 14% as net loss widens in Q2


    Indian Overseas Bank's share price plunged 14 percent intraday on Tuesday after the public sector bank on Monday reported widening of its net loss to Rs 2,253.64 crore for the second quarter ended September 30. The bank had registered a net loss of Rs 487.26 crore in the corresponding quarter of the previous financial year. In the first quarter of the current financial year, it had posted a net loss of Rs 342 crore. READ MORE

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  • Here's a quick catchup of all market action till now:##Here's a quick catchup of all market action till now:


    - Markets are volatile today with both benchmark indices Nifty and Sensex trading near day's low. The Sensex is down around 85 points while the Nifty50 index was trading near 11,900 levels. 


    - UPL, Yes Bank, Bharti Infratel, SBI, and Bharti AIrtel are the top gainers on the Nifty50 index, while Zee, Sun Pharma, Eicher Motors, Coal India, and UltraTech Cements led the losses.


    - Major selling was seen in Media, Pharma, IT, FMCG, and private banks, while PSU Banks was trading in green.


    - Shares of Varun Beverages gained 6.6 percent intraday on November 5 after broking house CLSA maintained buy rating with a price target of Rs 860 per share.


    - Global equity firm KKR's India head Sanjay Nayar, in an exclusive interaction with CNBC-TV18’s Nisha Poddar, said that the biggest learning from the recent issues is that a forensic study needs to be done before investing in a company for a deeper analysis and understanding.

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  • Exclusive: The worst is behind us, says Ashok Leyland chairman Dheeraj Hinduja

    The automobile industry may be in the throes of a pronounced economic slowdown, but Ashok Leyland chairman, Dheeraj Hinduja, believes that the worst may have already passed.Get latest Auto online at cnbctv18.com
    CNBC-TV18 Market Highlights: Sensex ends mildly lower, Nifty holds 11,900; Zee, IndusInd Bank top losers
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  • Titan Q2 Earnings: Net profit expected to grow 20%##Titan Q2 Earnings: Net profit expected to grow 20%

    Titan Company is all set to announce its second-quarter earnings on Tuesday. The stock is off its record high by 7-8 percent. For jewellery vertical, the revenue is expected to decline by about 2 percent. However, that does not impact its margins primarily because the retail business has been fairly good. Retail sales grew by 7 percent in the first month of the quarter and 15 percent in the next two months, outpacing the market. READ MORE

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  • US-China trade deal: Donald Trump invites Xi Jinping to US to sign phase one of trade agreement##US-China trade deal: Donald Trump invites Xi Jinping to US to sign phase one of trade agreement

    US President Donald Trump has invited his Chinese counterpart Xi Jinping to sign the phase one of a bilateral trade deal when it is agreed upon, according to a top White House official. Trade talks between the world's two largest economies began in November last year but have not yielded desired results even after more than a dozen rounds of negotiations in both Beijing and Washington. The two countries have failed to reach any agreement to resolve the trade dispute that escalated after Trump slapped huge tariffs on Chinese goods, prompting tit-for-tat responses from China. READ MORE

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  • India Services PMI comes in at 49.2 in October against 48.7 in September##India Services PMI comes in at 49.2 in October against 48.7 in September

    CNBC-TV18 Market Highlights: Sensex ends mildly lower, Nifty holds 11,900; Zee, IndusInd Bank top losers
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  • Here's a quick catchup of all market action till now:##Here's a quick catchup of all market action till now:


    - Markets are volatile today with both benchmark indices Nifty and Sensex trading flat.


    - Yes Bank, Bajaj Finance, Tata Motors, Bajaj Finserv, and HDFC are the top gainers on the Nifty50 index, while Zee, Sun Pharma, Gail, Kotak Bank, and HCL Tech led the losses.


    - Buying was seen in banking, auto and metal indices, whereas IT and media sectors witnessed selling.


    - Yes Bank rose 9 percent intra-day after Rakesh Jhunjhunwala on Monday bought nearly 1.3 crore shares of the private sector lender for around Rs 87 crore through open market transactions. 


    HDFC on Monday announced its Q2 earnings with standalone net profit surging 60.5 percent year-on-year (YoY) to Rs 3,961.53 crore. Following HDFC's Q2 earnings, Jefferies in a research report has said that the financier's bottom line was boosted by GRUH stake sale, but the core performance was soft.

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  • Tech Mahindra Q2 Earnings: Profit likely to fall 3.5%
    Information Technology giant Tech Mahindra is all set to announce its second-quarter results on Tuesday. A recovery is likely for Tech Mahindra this quarter.
    CNBC-TV18 Market Highlights: Sensex ends mildly lower, Nifty holds 11,900; Zee, IndusInd Bank top losers
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  • PNB Q2 Earnings: Here’s what to expect today##PNB Q2 Earnings: Here’s what to expect today


    State-owned Punjab National Bank (PNB) is all set to announce its quarterly results on Tuesday. A net loss of Rs 1,520 crore on account of elevated slippages and the new tax regime is expected. Slippages may remain at an elevated level of Rs 5,000 crore. This compares to about Rs 5,400 crore in the previous quarter. The asset quality is expected to deteriorate a bit. Last quarter the gross non-performing assets (NPA) were at 16.5 percent. READ MORE

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  • Yes Bank surges 9% after Rakesh Jhunjhunwala buys stake##Yes Bank surges 9% after Rakesh Jhunjhunwala buys stake

    Yes Bank rose 9 percent intra-day after Rakesh Jhunjhunwala on Monday bought nearly 1.3 crore shares of the private sector lender for around Rs 87 crore through open market transactions. Bulk share sales data released by the exchanges post-market closing on Monday showed that Jhunjhunwala had bought 1.3 crores shares of Yes Bank which amounts to. 0.5 percent stake in the bank. The veteran investor has paid Rs 67.10 per share leading to a total acquisition cost of Rs 86.9 crore.

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  • Sectoral trend at opening trade##Sectoral trend at opening trade

    CNBC-TV18 Market Highlights: Sensex ends mildly lower, Nifty holds 11,900; Zee, IndusInd Bank top losers
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  • Top Nifty gainers and losers at opening##Top Nifty gainers and losers at opening

    CNBC-TV18 Market Highlights: Sensex ends mildly lower, Nifty holds 11,900; Zee, IndusInd Bank top losers
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  • Opening Bell: Sensex opens flat, Nifty around 11,950; Yes Bank surges 7%##Opening Bell: Sensex opens flat, Nifty around 11,950; Yes Bank surges 7%

    Indian shares opened flat on Tuesday as gains in banking and metal indices were capped bu losses in IT stocks. Meanwhile, Asian peers rose in morning deals on increasing signs of a truce between the US and China. At 9:20 am, the Sensex was trading 47 points higher at 40,349, while the broader Nifty50 index added 5 points to trade at 11,946.

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  • Rupee opens lower versus yesterday's close##Rupee opens lower versus yesterday's close

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  • RBI tightens pay norms for bank chiefs; says compensation must be linked with risk outcomes##RBI tightens pay norms for bank chiefs; says compensation must be linked with risk outcomes


    The Reserve Bank of India has overhauled the compensation norms for heads of private banks, aligning the paychecks with the performance of banks as well as risk outcomes. The regulator on Monday released final guidelines on the compensation of Whole Time Directors/ Chief Executive Officers/ Material Risk Takers and Control Function staff of all private banks, which will come into effect starting April 2020.

    As per the new guidelines, banks will have to ensure that the compensation of the CEOs, directors and other key personnel are adjusted for all types of risks. It said that compensation outcomes must be symmetric with risk outcomes, and payouts sensitive to the time horizon of the risks. The mix of cash, equity and other forms of compensation must be consistent with risk alignment, RBI noted. READ MORE

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  • MarketBuzz Podcast With Reema Tendulkar: Sensex, Nifty likely to open little changed; Bajaj Finance, M&M, Tata Steel in focus
    Indian shares are expected to open little changed on Tuesday as SGX Nifty, an indicator of the opening for the Sensex and the Nifty, traded lower by 15 points or 0.13 percent at 7:00 PM, hinting at a flat start for the domestic market.
    CNBC-TV18 Market Highlights: Sensex ends mildly lower, Nifty holds 11,900; Zee, IndusInd Bank top losers
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  • Top stock recommendations by Ashwani Gujral for Tuesday##Top stock recommendations by Ashwani Gujral for Tuesday

    - Buy Can Fin Homes with a stop loss of Rs 420, target at Rs 442


    - Buy Biocon with a stop loss of Rs 258, target at Rs 273


    - Buy HDFC with a stop loss of Rs 2,160, target at Rs 2,220


    - Sell Amara Raja Batteries with a stop loss of Rs 664, target at Rs 640


    - Sell Maruti with a stop loss of Rs 7,460, target at Rs 7,300


    Click here for buy-sell calls by Sudarshan Sukhani and Mitessh Thakkar

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Indian shares ended the volatile session on a mildly lower on Tuesday, snapping seven sessions of gains. Gains in index heavyweights like Bajaj Finance, ITC, and HDFC Bank capped major losses in all the other indices. The Sensex ended the day 54 points lower at 40,243, while the broader Nifty50 index lost 24 points to end the day at 11,917.

Market Movers

CompanyPriceChng%Chng
ICICI Bank676.65 20.70 3.16
ITC212.40 5.40 2.61
Wipro599.15 14.95 2.56
SBI Life Insura1,050.45 24.45 2.38
SBI428.90 6.85 1.62
CompanyPriceChng%Chng
ICICI Bank676.65 20.85 3.18
ITC212.35 5.30 2.56
SBI429.15 7.15 1.69
HCL Tech994.25 15.65 1.60
Axis Bank755.25 8.75 1.17
CompanyPriceChng%Chng
ICICI Bank676.65 20.70 3.16
ITC212.40 5.40 2.61
Wipro599.15 14.95 2.56
SBI Life Insura1,050.45 24.45 2.38
SBI428.90 6.85 1.62
CompanyPriceChng%Chng
ICICI Bank676.65 20.85 3.18
ITC212.35 5.30 2.56
SBI429.15 7.15 1.69
HCL Tech994.25 15.65 1.60
Axis Bank755.25 8.75 1.17

Currency

CompanyPriceChng%Chng
Dollar-Rupee74.4000-0.0600-0.08
Euro-Rupee87.5450-0.0830-0.09
Pound-Rupee102.3880-0.0780-0.08
Rupee-100 Yen0.6730-0.0030-0.44