Indices rally for 5th straight day, Sensex up 553 pts; RIL, financials gain

All that happened in the markets today

8:56 AM

Stocks to watch

Birlasoft: Birlasoft, part of the $2 billion diversified C K Birla Group, on Thursday reported a 69.3 per cent YoY rise in consolidated net profit at Rs 69.1 crore for the September quarter. Revenue from operations grew 10.9 per cent to Rs 857.5 crore in the period under review from Rs 773.4 crore in the year-ago period.

 

ITC: The company is slated to announce its September quarter numbers later in the day. IDBI Capital expects ITC's revenue to decline 13 per cent year-on-year (YoY) to Rs 10,334.1 crore led by a significant disruption in revenue from the hotel business (down 95 per cent YoY). READ MORE

8:48 AM

US Election Results 2020: Where things stand in remaining states

Pennsylvania (20 Votes)

 

The state has yet to be called.

 

Where it stands: Trump was leading Biden by about 42,000 votes

 

Georgia (16 Votes)

 

The state has yet to be called.

 

Where it stands: Trump led Biden by less than 2,500 votes

 

North Carolina (15 Votes)

 

The state has yet to be called.

 

Where it stands: Trump led Biden by about 76,000 votes. READ MORE

8:39 AM

Stock picks by Nilesh Jain of Anand Rathi

BUY MOTHERSUMI | TARGET: Rs 120 | STOP LOSS: Rs 108

 

The stock has formed a strong base at around 103 levels and has witnessed a strong recovery from the same. It has also provided a fresh breakout from a small rectangle pattern on the daily chart. The major support of its 200-DMA is placed at around 100 levels. The momentum indicators and oscillators are in the buy mode on the weekly as well as daily scales which hints at a further positive momentum in the counter. The stock has also witnessed a build-up of a long position with the addition of approximately 5 per cent open interest. READ MORE

8:38 AM

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

8:36 AM

Bulk deals on BSE as on Thursday

Click here for complete list

8:35 AM

Bulk deals on NSE as on Thursday

Click here for complete list

8:33 AM

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

8:32 AM

Rupee check

Source: Bloomberg

8:28 AM

US oil drops as pandemic rages while presidential vote counting continues

>> US oil fell nearly 1% on Friday as new lockdowns went into affect in Europe raising questions over the outlook for demand for crude, while ballots were still being counted in the U.S. election with its outcome undecided, keeping markets on edge.

>> West Texas Intermediate was down 32 cents, or 0.8%, at $38.47 a barrel, having declined nearly 1% on Thursday. Brent was yet to trade after falling 0.7% in the previous session. The crude contracts are still heading for their first weekly gain in four.

(Source: Reuters)

8:26 AM

SGX Nifty update

>> At 8:25 am, the index was at 12,162 levels, down 13 points.

8:24 AM

Asian shares at near three-year peak

Source: Reuters

8:22 AM

Wall Street rallies as investors eye split US Congress

Source: Reuters

8:15 AM

Good morning, readers!

Welcome to the Business Standard live blog.

Catch all the live market updates here.