Sensex ends 110 pts lower ahead of Q2 GDP data; BSE Smallcap index up 2.4%

All that happened in the markets today

12:09 PM

BUZZING STOCK :: Greaves Cotton leaps 11.5%

11:57 AM

Small lenders to pay the price as RBI writes off debt of Lakshmi Vilas Bank

“Financing costs may inch up and the appetite shall be lower especially for the lower-rated private and small finance banks,” said Ajay Manglunia, managing director and head at JM Financial Products Ltd. “Such lenders will have to rely more on equity raise as investors shall be a bit more skeptical to take risk now.” READ MORE

11:49 AM

Rollover Analysis :: November series

>> Market-wide rollovers at the end of November series is on a higher side at 92% (vs. 91% average rollovers seen in last three series)

>> Market-wide futures open interest at the start of December series stands at Rs 1.32 trillion as compared to Rs 1.14 trillion at the start of November series.

>> Stock futures rollovers stands at 94% which is in line with the average rollovers of last three series at 94%. Average roll levels across stock futures were ~40-45bps (cost to long rollers).

>> Nifty futures rollover stands at 79% which is in line compared to average rollovers of 79% (last three series). Nifty futures will start the December series with an OI of Rs 156 billion (~12.05mn shares) compared to an OI of Rs 123 billion (~10.5mn shares) seen at the start of November series.

(Source: Edelweiss Securities)

11:39 AM

IGL, Gail, MGL: Trading strategies for CGD stocks post new gas tariff order

PNGRB on Thursday simplified the country's gas pipeline tariff structure to make the fuel more affordable for distant users and to attract investment for building gas infrastructure. The regulatory board has notified regulations for a 'unified' tariff structure for over a dozen pipelines that form the National Gas Grid which will lead to a 20-30 per cent rise in transportation charges paid by users near the source but a reduction for consumers in the hinterland. READ MORE

11:28 AM

Auto shares in focus ahead of November sales; Tata Motors, TVS Motor up 5%

Shares of automobiles companies were in focus at the bourses on Friday ahead of the November month sales numbers, which release next week. The stock market will remain closed on account of Gurunanak Jayanti on Monday, November 30. At 11:00 am, the S&P BSE Auto index, the top gainer among sectoral indices, was up nearly 2 per cent, as compared to 0.19 per cent decline in the S&P BSE Sensex. The auto index hit an intra-day high of 20,218, is trading close to its 52-week high level of 20,282 hit on Wednesday, November 25. READ MORE

11:14 AM

MARKET UPDATE:: Sensex at day's low

11:04 AM

Q2 GDP data to be released today: India may still enter technical recession

Every rating agency, barring Barclays, has projected either less contraction in India's economy in the second quarter or the same as it was earlier. ALSO READ: Q2 GDP data today: India may see worst contraction among other economies The predictions differ widely as BofA Securities expected the fall in GDP at 7.8 per cent and NCAER at 12.7 per cent. READ MORE

10:50 AM

Top losers on BSE at this hour

COMPANY	PRICE(rs)	CHG(%)
FUTURE CONSUMER	8.23	-4.97
FUTURE RETAIL	82.35	-4.96
I T D C	268.50	-4.91
V-MART RETAIL	2247.00	-2.50
DCM SHRIRAM	377.40	-2.27

10:40 AM

Laurus Labs gains 7% in two days on acquisition of Richcore Lifesciences

Shares of Laurus Labs rose 4 per cent at Rs 305 on the BSE on Friday, gaining 7 per cent in the past two trading days after the company said it has signed a definitive agreement to acquire a majority stake in Richcore Lifesciences Pvt Ltd (Richcore). The stock of the pharmaceutical company was trading at its highest level since November 2, 2020. READ MORE

10:31 AM

Buy-the-dip mantra keeps market resilient, experts say bullish grip to stay

With equity markets witnessing record foreign inflows and US dollar expected to remain weak, buy-the-dip is the mantra being advised by experts. On Wednesday, the benchmark indices dropped 1.5 per cent—their biggest single-day decline since October 15. READ MORE

10:21 AM

Rupee Opening

Rupee opens higher at 73.78 per US dollar vs Thursday's close of 73.88/$

10:18 AM

BUZZING STOCK:: Varun Beverages gains 5%

10:13 AM

Tube Investments to raise funds from Azim Premji Trust, SBI MF; stock up 5%

"The company has executed the share subscription agreement on Thursday, November 26, 2020 with Azim Premji Trust for issue and allotment of 2.73 million equity shares for an aggregate consideration up to approximately Rs 200 crore and with SBI Mutual Fund for issue and allotment of 2.05 million equity shares of the company for an aggregate up to approximately Rs 150 crore," the company said in a regulatory filing. READ HERE

10:06 AM

Most active stocks by volume

COMPANY	PRICE(rs)	CHG(%)
VODAFONE IDEA	9.87	-0.80
JSW ENERGY	62.20	2.30
B H E L	32.75	4.13
TATA MOTORS	180.70	4.00
ENGINEERS INDIA	73.45	0.62

9:58 AM

MARKET CHECK :: Sensex choppy in morning trade