MARKETS: Indices end choppy trade higher; Sensex up 144 pts; RIL sinks 9%

All that happened in the markets today

10:50 AM

Equitas SFB lists at Rs 31 against issue price of Rs 33 per share

Equitas Small Finance Bank made a weak debut at the bourses as shares of the company listed at Rs 31, 6 per cent lower against the issue price of Rs 33 per share on the BSE on Monday. At 10:01 am, the stock was trading 6.5 per cent lower at Rs 30.85, after hitting a low of Rs 30.10 in intra-day so far. It touched a high of Rs 31.45 on the BSE, the exchange data shows. Around 381,000 equity shares changed hands on the counter on the BSE. READ MORE

10:40 AM

Reliance Industries slips 5.5% post Q2 results, hits over three-month low

Shares of Reliance Industries hit an over three-month low, falling 5.5 per cent to Rs 1,940.5, on the BSE in the early morning trade on Monday after it reported a 15.1 per cent year-on-year (YoY) decline in its consolidated net profit at Rs 9,567 crore for the September-ended quarter (Q2FY21). Consolidated net revenue also dipped 25.7 per cent YoY to Rs 1.11 trillion owing to weak performance in the refining, petrochemicals, and retail businesses. READ MORE

10:36 AM

NEWS ALERT :: October Manufacturing PMI improves to 58.9 from 56.8 in Sept

>> Rising from 56.8 in September to 58.9 in October, the headline seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index® (PMI®) pointed to the strongest improvement in the health of the sector in over a decade. Growth was led by the intermediate goods category, but there were also robust expansions in the consumer and investment goods sub-sectors.

10:31 AM

Nifty Bank index trades firm in an otherwise weak market

10:21 AM

Q&A :: India is odd one out in a favourable view of Emerging Asia, says Cameron Brandt

Global markets have been on the edge for the past few weeks in the run-up to the US presidential polls, amid rising Covid-19 cases in the West, and lack of policy response from the US Federal Reserve.

 

With growth in developed markets under pressure from the rising Covid-19 caseload, investors will keep paying more attention to emerging markets, says US-based CAMERON BRANDT, director of research, EPFR Global. READ FULL INTERVIEW HERE

10:11 AM

October Auto Sales :: TVS Motor Company

>> TVS Motor Company sales grew by 22% registering 394,724 units in October 2020 as against 323,368 units in the month of October 2019. 

10:07 AM

Rupee opening

Rupee opens at lowest level since August 26 at 74.41 against the US dollar

10:05 AM

NEWS ALERT | Equitas Small Finance Bank lists at 6 per cent discount against issue price of Rs 33

10:03 AM

BROKERAGE VIEW | Nirmal Bang Securities on Dixon Technologies

RATING: ACCUMULATE | TARGET PRICE: Rs 9,970

The company is in discussion with three large global brands for their domestic and exports requirement of mobile phones and aims to achieve cumulative revenues of ~Rs300bn over the next 5 years. Also, rising volumes in LED TVs, Set Top Boxes and new product category addition will further aid in topline growth. We integrate the mobile PLI business in Dixon’s consolidated financials compared to earlier practice of assigning an option value to it. We retain Accumulate rating on the stock with a revised target price of Rs 9,970 (from Rs9,300 earlier) based on 30x 1HFY23E earnings.

9:59 AM

Most active stocks by volume

COMPANY	PRICE(rs)	CHG(%)
VODAFONE IDEA	8.54	-2.40
TATA MOTORS	132.35	-0.26
ICICI BANK	411.15	4.74
PUNJAB NATL.BANK	27.20	1.68
IDFC FIRST BANK	30.05	-1.96

9:55 AM

RIL extends losses

9:50 AM

Result Today :: HDFC Q2 PAT may dip up to 50% YoY, lower loan restructuring seen, say Analysts

Mortgage-lender HDFC (Housing Development Finance Corporation) may report an up to 50 per cent year-on-year (YoY) decline in net profit for September quarter of FY21 (Q2FY21) on the back of below-par loan growth, lower dividend income, and possible higher discretionary provisioning. READ MORE

9:40 AM

ICICI Bank surges 7% on six-fold jump in profit for September quarter

Shares ICICI Bank leapt 7 per cent to Rs 418.65 on the BSE on Monday after the lender reported six-fold jump in standalone net profit at Rs 4,251 crore in quarter ended September 2020 (Q2FY21) on account of growth in net interest income (NII) and lower credit cost as the bank did not make Covid-related provisions. It had posted a net profit of Rs 654.9 crore in the July-September 2019 (Q2FY20). READ MORE

9:30 AM

HDFC trades flat ahead of Q2 nos

9:29 AM

RIL, HCL Tech drag Sensex in the red