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BSE, Markets

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				Extending their gaining streak into the fifth session in a row, the benchmark indices ended nearly a per cent higher on Wednesday, led by buying in Reliance Industries (RIL) and HDFC Bank.&nbsp;</div>
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				Among the headline indices, the S&P BSE Sensex ended 304 points, or 0.77 per cent higher at 39,879 levels and the Nifty50 index settled above the 11,700-mark at 11,739, up 76 points, or 0.66 per cent. India VIX rose over 2 per cent to&nbsp;20 levels.&nbsp;</div>
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				RIL gained over 2 per cent to Rs 2,257 after the company said Abu Dhabi Investment Authority (ADIA) will invest Rs 5,512.50 crore into the company&#39;s subsidiary Reliance Retail Ventures (RRVL) for 1.2-per cent stake. <a href="https://www.business-standard.com/article/markets/ril-gains-3-on-adia-rs-5-512-crore-investment-plan-in-reliance-retail-120100700258_1.html" target="_blank"><strong>READ MORE</strong></a></div>
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				Titan (up 4.5 per cent) ended as the biggest gainer on the Sensex after the company said its jewellery business did very well in the September quarter (Q2FY21), with a recovery rate of around 98 per cent (excluding sale of raw gold), compared to the revenue of the corresponding quarter in the last year. <a href="https://www.business-standard.com/article/markets/titan-company-rallies-6-after-september-quarter-business-update-120100700309_1.html" target="_blank"><strong>READ MORE</strong></a></div>
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				The trend among Nifty sectoral indices was mixed. Nifty Auto gained the most - up 1.4 per cent while Nifty Media was the biggest loser (down over 2.5 per cent).&nbsp;</div>
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				The broader market, meanwhile, underperformed. The S&P BSE MidCap index slipped 0.6 per cent while the S&P BSE SmallCap index ended 0.4 per cent lower at 15,049 levels.&nbsp;</div>
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				<strong>Global markets</strong></div>
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				European shares rose on Wednesday, as initial dismay at US President Donald Trump&rsquo;s decision to cancel fiscal stimulus negotiations with lawmakers in Washington was replaced by optimism about an aid package after the US elections.</div>
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				Asian stocks hit two-week highs.</div>
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				In commodities, oil prices extended their decline after US President Donald Trump dashed hopes for a fourth stimulus package to boost the coronavirus-hit economy and on a larger-than-expected increase in US crude inventories.</div>
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				<strong><em>(With inputs from Reuters)</em></strong></div>
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MARKET WRAP:  Sensex rises for 5th day, ends 304 pts higher; Titan gains 4%

Business Standard

MARKET WRAP:  Sensex rises for 5th day, ends 304 pts higher; Titan gains 4% | News on Markets - Business Standard

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Top gainers and losers on the S&P BSE Sensex at Pre-open

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<strong>Maintains &#39;Buy&#39; | Target price: Rs 435</strong><br />
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&gt;&gt; Expect healthy biz uptick in the next 2-3 qtr<br />
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&gt;&gt; Revenue/Earnings growth likety to be tad ahead of staples pack&nbsp;<br />
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&gt;&gt; Room for stock&#39;s relative valuation gap vs peers to narrow<br />
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&gt;&gt; Increase revenue/earnings estimate by 2%

BROKERAGE VIEW :: CLSA on Godrej Consumer

<strong>Maintains &#39;Outperform&#39; | Target price: Rs 740</strong><br />
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&gt;&gt; See sequentual growth moderation for H1 in India and Indonesia<br />
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&gt;&gt; Consolidated margin is likely to see minor expansion of 20bps to 21.5%<br />
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&gt;&gt; Gross margin pressure is likely to be offset by cost optimisation drive&nbsp;

<strong>Maintains &#39;Buy&#39; | Target price: Rs 580</strong><br />
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&gt;&gt; Biz metrics for various end-markets trending upwards<br />
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&gt;&gt; Order data for US trucks (20% of revenue) pointing towards acceleration<br />
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&gt;&gt; India trucks (11% of revenue) have started to recover from low base<br />
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&gt;&gt; PVs are beginning to recover in India and export markets

NEWS ALERT :: Sunteck Realty's Q2 pre-sales jump 98% QoQ

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	<strong>TCS</strong>: The IT major is slated to announce its September quarter results later in the day. The company will also consider share buyback today.</div>
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	<strong>Earnings today:</strong> Besides TCS, Majesco, MIC Electronics, Unity Infraprojects and Zee Learn are also scheduled to announce their quarterly earnings today.</div>
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	<strong>SBI:</strong> The government on Tuesday appointed Dinesh Kumar Khara as chairman of State Bank of India (SBI), the country&#39;s largest lender, for three years, effective Wednesday. <strong><a href="https://www.business-standard.com/article/markets/stocks-to-watch-tcs-sbi-ril-bajaj-finance-dixon-tech-psp-projects-120100700187_1.html?1602040525" target="_blank">READ MORE</a>&nbsp;&nbsp;</strong><br />
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NEWS ALERT :: Glenmark Pharma gets US FDA nod for Dimethyl Fumarate Delayed-Release Capsules

Derivative Strategies :: ICICI Securities

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MARKET WRAP: Sensex rises for 5th day, ends 304 pts higher; Titan gains 4%

All that happened in the markets today

Sectoral trends at Open

Sensex Heatmap at Open

Opening Bell

Opening Bell

Commodity Heatmap

Top gainers and losers on the S&P BSE Sensex at Pre-open

Markets at Pre-open

Markets at Pre-open

BROKERAGE VIEW :: Citi on Marico

BROKERAGE VIEW :: CLSA on Godrej Consumer

BROKERAGE VIEW :: CLSA on Bharat Forge

NEWS ALERT :: Sunteck Realty's Q2 pre-sales jump 98% QoQ

Stocks to watch out for today

NEWS ALERT :: Glenmark Pharma gets US FDA nod for Dimethyl Fumarate Delayed-Release Capsules

Derivative Strategies :: ICICI Securities