Homemarket newsstocks news

    Stock Market News Highlights: Sensex ends 143 points higher, Nifty above 11,650; banks surge

    This article is more than 1 year old.

    Stock Market News Highlights: Sensex ends 143 points higher, Nifty above 11,650; banks surge

    Mini

    Stock Market News Highlights: Indian shares ended higher on Monday after a volatile session led mainly by banking stocks as ICICI Bank and IndusInd Bank surged post their September quarter earnings. However, major selling was witnessed in heavyweight Reliance Industries, IT and auto stocks. The Sensex ended 143 points higher 39,757 while the Nifty rose 27 points to settle at 11,669.

    Stock Market News Highlights: Sensex ends 143 points higher, Nifty above 11,650; banks surge
    • Thank you readers! Here are the key highlights from today's session

      - Financials Lift While Reliance Drags Market

      - Sensex & Nifty Close With Minor Gains While Nifty Bank Surges 4%

      - Sensex & Nifty Snap 3-day Losing Streak; HDFC Twins, ICICI Top Contributors

      - Nifty Gains 27 Points To 11,669 & Sensex 144 Points To 39,758

      - Nifty Bank Rises 992 Points To 24,893 & Midcap Index 69 Points To 17,135

      - Reliance Records Biggest One-day Fall In Over 7 Months; Drops 9% After Earnings

      - 9 Of Top Nifty Gainers Are Financials; IndusInd, ICICI, Axis Lead The Pack

      - Except IDFC First, All Nifty Bank Constituents Close In The Green

      - ICICI Bank & HDFC Climb 6% Each On Better-than-expected Earnings

      - Bharti Airtel Moves 5% Higher As Co Performs Better Than Peers In Q2

      - Maruti, Bajaj & Eicher Closes Lower While Hero Moto Gains On October Sales

      - PVR Rises 4% Ahead Of Earnings; Route Mobile, Shriram Trans Other Top Midcap Gainers

      - Market Breadth Favours Declines; Advance-Decline Ratio At 1:2

    • Closing Bell: Sensex, Nifty end higher; banks gain, RIL top loser

      Indian shares ended higher on Monday after a volatile session led mainly by banking stocks as ICICI Bank and IndusInd Bank surged post their September quarter earnings. However, major selling was witnessed in heavyweight Reliance Industries, IT and auto stocks. The Sensex ended 143 points higher 39,757 while the Nifty rose 27 points to settle at 11,669. Broader markets were mixed for the day with the Nifty Midcap up 0.3 percent and Nifty Smallcap index down 1.7 percent. Among sectors, Nifty Bank surged 4 percent and Nifty Fin Servcies jumped 3.9 percent. However, Nifty IT, Nifty Pharma, Nifty Metal and Nifty Auto ened the day in the red. IndusInd Bank, ICICI Bank, Axis Bank, HDFC, and Bharti Airtel were the top gainers on the Nifty50 index while RIL, Divi's Labs, Eicher Motors, HCL Tech and Tata Steel led the losses.

    • Reliance Capital: Lenders invite EOIs stake in key subsidiaries


      The debenture holders committee has kick started the process to sell several key subsidiaries of Anil Ambani led Reliance Capital over the weekend. CNBC-TV18 learned that the committee has expressions of interest (EoI) for sale in Reliance Capital companies by December 1st. The lenders have started the process of selling its stake in various of its key subsidiaries in order to recovery dues of almost Rs 20,000 crore. The monetisation process is being run by the committee of debenture holders who alone represent almost 93 percent of the total debt that Reliance Capital has. Bank of Baroda, Axis Bank and other are some of the key bankers that are also involved. To know more, watch the video

    • HDFC net profit at Rs 2,870.1 Cr Vs CNBC-TV18 poll of Rs 2,346.3 cr

    • Here are Sharekhan’s 12 top picks for Vikram Samvat 2077
      For Samvat 2077, Sharekhan has hand-picked 12 quality stocks to create a portfolio, which is a mix of both large-caps and quality mid-caps. All the 12 companies in the portfolio have all the…
      Stock Market News Highlights: Sensex ends 143 points higher, Nifty above 11,650; banks surge
    • Time to be cautious on banks, says Ambit Capital's Dhiraj Agarwal

      It is time to be slightly cautious on banks, said Dhiraj Agarwal, Co-Head Equities at Ambit Capital in an interview with CNBC-TV18. “A lot of NPL recognitions have been postponed. Also with moratorium as well as banks being allowed to delay the recognition of NPLs, the real picture will come one-two quarters out,” he added. In the auto sector, he is cautious on two-wheelers but more positive on the passenger vehicle (PV) space. More here

    • Top Laggard: Reliance Industries shares crack 7.5% post Q2 earnings

      Shares of Reliance Industries corrected over 7.5 percent on Monday after the company reported its September quarter results on Friday (October 30). The firm beat street estimates, reporting a strong set of numbers for the September quarter driven by its telecom and retail businesses. Consolidated profit for the September quarter stood at Rs 9,567 crore, up 14 percent against adjusted profit at Rs 8,380 crore in the June quarter. The stock fell as much as 7.6 percent to Rs 1,897 per share, making it the top loser on both the benchmarks. However, the stock has risen over 26 percent on a year-to-date basis as compared to an over 4 percent decline in Sensex and Nifty. More here

    • Bandhan Bank Q2FY21 | Net profit declined 5.3 percent to Rs 920 crore from Rs 971.8 crore while net interest income (NII) rose by 25.8 percent to Rs 1,923.1 crore from Rs 1,529.1 crore, YoY. Net interest margin was at 8 percent against 8.15 percent, QoQ. Provisions were at Rs 394.5 crore against Rs 394.5 crore (QoQ) and against Rs 145.5 crore (YoY). Gross NPA at Rs 874 crore against Rs 1,007 crore (QoQ). Net NPA at Rs 262.5 crore against Rs 335.8 crore (QoQ).

    • Finance secretary Ajay Bhushan Pandey on sectors driving economic recovery, next stimulus package and extension of PLI scheme
      Finance secretary Ajay Bhushan Pandey on sectors driving economic recovery, next stimulus package and extension of PLI scheme. Get latest Economy online at cnbctv18.com
      Stock Market News Highlights: Sensex ends 143 points higher, Nifty above 11,650; banks surge
    • Auction for commercial sale of coal mines kicks off; 5 mines in the fray on day 1

      India's first auction of coal mines for commercial sale has begun today (November 2, 2020) for five coal mines. The Adani Group companies are in the fray for 3 coal mines, Aditya Birla group companies eyeing two coal mines along with Vedanta and JSPL bidding for one coal mine each.

      The big fight on day one is expected for Radhikapur West coal mine which is situated in Odisha and has geological reserves of 312 million tonnes (MT). The industry sources suggest that aggressive bids are expected between Aditya Birla group led EMIL Mines and Minerals Resources and Vedanta for the Odisha based Radikhapur West coal mine.

      Adani Enterprises and Hindalco will also be bidding for the 76 MT Chakla coal mine in Jharkhand in today's auction. People in the know have indicated to CNBC-TV18 that Hindalco, at 14.3 percent for revenue sharing, has bid highest for the Chakla coal mine with a total reserve of 76MT, in Jharkhand. Read more here.

    • Wockhardt Ltd Q2FY21 | The company ported a net profit of Rs 3.6 crore in Q2FY21 as against a loss of Rs 82.2 crore in Q2FY20. Revenue rose 4.6 percent to Rs 714 crore from Rs 683 crore, YoY. EBITDA increased 29.6 percent to Rs 16.6 crore from Rs 12.8 crore while EBITDA margin expanded by 40 bps to 2.3 percen from 1.9 percent, YoY.

      Wockhardt said it has reserved manufacturing capacity to supply multiple vaccines to UK govt in its fight against COVID. Multiple vaccines include ‘AZD1222,’ the vaccine co-invented by Oxford and licensed by Astrazeneca.

    • Amarjeet Maurya - AVP - Mid Caps, Angel Broking Ltd

      In the month of October 20, overall M&M tractor sales grew ~2%. Domestic sales in October 2020 were at 45,588 units, as against 44,646 units during October 2019. Exports for the month stood at 970 units (growth of 23% over last year). M&M continues to witness unprecedented retail demand which is likely to be higher than wholesale numbers on the back of expectations of a higher Kharif output and good cash flow in the market. Auspicious festival days ahead, coupled with mechanization requirements for ongoing Kharif harvesting and impending Rabi sowing season augurs well for the industry.

    • NMDC | The company’s October 2020 Iron Ore production fell 2.4 percent at 2.43 mt against 2.49 mt in October 2019. Iron Ore sales in October declined 3.4 percent to 2.52 mt from 2.61 mt, YoY.

    • Adani Ports & SEZ October Update | The company handled Cargo volume of 25.25 MMT in the month of October, 2020. Mundra Port handled highest container volume of 0.52 million TEU in October.

    • Technical View | The Nifty broke 11,600 on Friday which made the short term trend bearish. The index could fall further and hit 11,400 as a potential target. 11,700-11,750 is the range of the resistance and any upside can be expected only if we start trading above these levels, says Manish Hathiramani, Proprietary Index Trader and Technical Analyst, Deen Dayal Investments.

    • Steel Strips Wheels October sales | Steel Strips Wheels (SSWL) has achieved gross turnover of Rs 214.64 crore in October 2020 versus Rs 125.79 crore in October 2019, recording a growth of 70 percent and achieved net turnover of Rs 175.29 crore in October 2020 versus Rs 104 crore in October 2019, recording a growth of 68.5 percent.

      SSWL achieved October 2020 total wheel rim sales of 14.85 lakh versus 10.55 lakh in October 2019 representing a growth of 41% YoY.

    • Zydus Wellness reports an increase in losses as company reports one-time loss of 98 crore

    • India's manufacturing PMI rises for 3rd straight month; output rises at quickest pace since Oct 2007

      India’s manufacturing sector activity improved for the third straight month in October with companies raising output to the greatest extent in 13 years amid robust sales growth, a monthly survey said on Monday. The headline seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) rose from 56.8 in September to 58.9 in October and pointed to the strongest improvement in the health of the sector in over a decade. In April, the index had slipped into contraction mode, after remaining in the growth territory for 32 consecutive months. In PMI parlance, a print above 50 means expansion, while a score below that denotes contraction.  More here

    • Expect 40% growth in revenue & profits this year: Dixon Technologies

      Dixon Technologies will end this year with a 40 percent growth in revenues and profitability, the company’s CFO Saurabh Gupta said in an interview to CNBC-TV18. “Q2 performance has been more than what we had anticipated and I think Q3, Q4 is even looking better. So, as compared to earlier guidance, this year we will end up doing almost a 40 percent growth in revenues and profitability despite 2 months being completely washed away in this financial year,” he said. Gupta also that the company has a strong order book across all the verticals. Watch video for more

    • Maruti Suzuki sales increase 19% to 1,82,448 units in October

      The country's largest carmaker Maruti Suzuki India (MSI) on Sunday reported an 18.9 percent increase in sales at 1,82,448 units in October.  The company had sold 1,53,435 units in October last year, Maruti Suzuki India (MSI) said in a statement. Domestic sales increased 19.8 percent to 1,72,862 units last month as against 1,44,277 units in October 2019, it added. Sales of mini cars, comprising Alto and S-Presso, declined marginally to 28,462 units as compared to 28,537 units in the same month last year. More here

    • BOTTOMLINE: Is the seemingly positive trend in Q2 earnings performance for real?
      Early bird numbers suggest a clear recovery in business since June, but the year-on-year growth numbers could be misleadingGet latest Market online at cnbctv18.com
      Stock Market News Highlights: Sensex ends 143 points higher, Nifty above 11,650; banks surge
    • Earnings Impact: IndusInd Bank share jump 7.5% despite 53% decline in net profit


      Shares of IndusInd Bank surged 7.5 percent on Monday even after the lender reported an over 53 percent decline in its standalone net profit at Rs 647.04 crore in the September quarter. The bank had posted a net profit of Rs 1,383.37 crore in the year-ago period. The stock rose as much as 7.5 percent to the day's high of Rs 629.75 per share. However, on a YTD basis, the stock is the biggest loser on the Nifty Bank index, down 59 percent as compared to a 24 percent decline in Nifty Bank.

    • Continue to like top private banks, given faster rebound in earnings: PhillipCapital

      PhillipCapital on Monday said it continues to like the top private banks like ICICI Bank, HDFC Bank and Axis Bank given that these lenders, as the brokerage says, will see faster rebound in earnings and returns. It has increased the target price on ICICI Bank to Rs 520 per share. ICICI Bank reported the best core operating profit growth in eight quarters. Slippages have come in lower than analysts’ expectations. 

      “Margins were slightly disappointing on a quarter-on-quarter (QoQ) basis, however, what is more important at this point in time is the asset quality collections and the outlook for the credit cost. We are impressed about the way the collections have panned out for some of the larger banks and the guidance for credit cost for next year looks very impressive from ICICI point of view,” said Manish Agarwalla, Co-Head of Research, PhillipCapital, in an interview with CNBC-TV18. Watch Video for more

    • Bajaj Auto reports an 11% jump in Oct sales at 512,038 units

      Bajaj Auto Ltd on Monday reported an 11 percent increase in its total vehicle sales at 512,038units in October. The company had sold a total of 463,208units in the same month last year, Bajaj Auto said in a regulatory filing. Domestic sales stood at281,160units last month, as against 278,776 units in October last year, up 1 percent, it added. Motorcycle sales grew by 18 percent at470,290 units, compared to398,913 units in the year-ago month, its highest ever sales. Bajaj Auto said during October, Pulsar brand recorded sales of over 170,000 units. Commercial vehicle sales stood at 41,746 units, as against 64,295 in the corresponding month last year, a decline of 35 percent, the company said. Total vehicle exports in October were at 230,878 units, as compared to184,432 units in the same month a year ago, up 25 percent, Bajaj Auto said.

    • October Auto Sales

    • BUZZING: ICICI Bank shares jump over 6.5% post Q2

      Shares of ICICI Bank surged over 6.5 percent on Monday after the private sector lender posted its highest-ever net profit in the September quarter. Profits after tax rose six-fold to Rs 4,251 crore in Q2 on the back of a rise in operating profits and a decline in tax expenses. In the corresponding quarter last year, the bank posted a net profit of Rs 655 crore. The bank said that it also made gains of Rs 305 crore by selling a 2 percent stake in ICICI Securities during the quarter. 

    • New Listing: Equitas Small Finance Bank lists at Rs 31, a 6% discount to issue price

      Equitas Small Finance Bank listed at Rs 31 on BSE, a 6 percent discount to the issue price of Rs 33 per share. At 10:02 am, the stock was trading 6.5 percent lower at Rs 30.85 per share as compared to a 0.6 percent decline in BSE Sensex at 39,383. The company's Rs 517.6 crore initial public offer (IPO) was open for subscription from October 20 till October 22. This is the third public issue in the small finance bank space, following the footsteps of AU Small Finance Bank and Ujjivan Small Finance Bank.

    • Oil prices slump 4% on jitters over Europe lockdowns, US elections

      Oil prices slumped more than 4 percent on Monday to the lowest levels since May on worries a swathe of coronavirUS lockdowns across Europe will weaken fuel demand, while traders braced for turbulence during the US Presidential election week. Brent crude for January was at USD 36.32 a barrel, down USD 1.62, or 4.3 percent, by 0018 GMT, while US West Texas Intermediate fell USD 1.62, or 4.5 percent, to USD 34.17 a barrel. Brent earlier hit a low of USD 35.74 a barrel while WTI slipped to USD 33.64 a barrel. Countries across Europe have reimposed lockdown measures aimed at slowing COVID-19 infection rates which have accelerated in the continent in the past month. ”The lockdown measures announced by UK and by Italy are jUSt adding to the deteriorating European situation,” Michael McCarthy, chief market strategist at CMC Markets in Sydney said.

    • Monday's top brokerage calls: Reliance Industries, ICICI Bank and more

      Among brokerages, Citi is 'neutral' on Reliance Industries after its September quarter earnings while ICICI Bank remains its preferred pick in the sector after the lender reported its highest-ever net…
      Stock Market News Highlights: Sensex ends 143 points higher, Nifty above 11,650; banks surge
    Stock Market News Highlights: Indian shares ended higher on Monday after a volatile session led mainly by banking stocks as ICICI Bank and IndusInd Bank surged post their September quarter earnings. However, major selling was witnessed in heavyweight Reliance Industries, IT and auto stocks. The Sensex ended 143 points higher 39,757 while the Nifty rose 27 points to settle at 11,669.

      Market Movers

      View All
      CompanyPriceChng%Chng