MARKET WRAP: Indices rise for 6th day; Sensex up 304 pts, reclaims 40K

All that happened in the markets today

2:16 PM

Stuck with ITC, BPCL, Coal India in your portfolio? Track these levels

From its recent closing low of 10,805 levels hit on September 24, 2020, the Nifty 50 index has rallied nearly 10 per cent till October 8 with most of the gains coming from banking and information technology (IT) counters. IndusInd Bank and HDFC have been the top gainers between September 24 and October 7 (closing basis) – rallying 26 per cent and 19 per cent respectively, ACE Equity data show. TCS, Adani Ports & Special Economic Zone, Tata Motors, ICICI Bank and HDFC Bank have been some of the other gainers. READ MORE

2:07 PM

Rupee Closing

Rupee settles at 73.24 per US dollar vs Wednesday's close of 73.34/$

2:06 PM

UltraTech Cement hits 7-month high; stock surges 7% in 3 days

Shares of UltraTech Cement hit a seven-month high of Rs 4,334, up 3 per cent on the BSE, in the intra-day trade on Thursday on expectation of improvement in demand. The stock of the cement major was trading higher for the third straight day, ralling 7 per cent during the period and was trading at its highest level since March 6, 2020. READ MORE

1:58 PM

BSE Midcap index underperforms Sensex, trades 0.3% up

1:51 PM

Life insurers see 16% growth in new business premiums in September quarter

In Q2, Indian insurers netted new business premiums (NBP) to the tune of Rs 75,392 crore, with state-owned insurance behemoth Life Insurance Corporation (LIC) seeing a rise of almost 14 per cent to Rs 51,488 crore. NBP of private insurers rose by about 20 per cent to Rs 23,904. 2 crore. NBP is the premium acquired from new policies for a particular year. READ MORE

1:40 PM

Sept MF Data :: Net equity outflow at Rs 1,009 cr vs Rs 4,029 cr outflow MoM

>> Hybrid Fund outflow at Rs 4,219 cr vs Rs 4,819 cr MoM

>> Liquid Fund outflow at Rs 65,952 cr vs Rs 15,814 cr MoM

>> ETF inflow at Rs 3,515 cr vs Rs 1,722 cr inflow MoM

1:34 PM

Home sales recover in Sept qtr; still a long road to recovery: Knight Frank

Even though the sales of residential units have improved in the July – September 2020 quarter (Q2FY21), it will be a long road to recovery for the real estate sector to reach pre-Covid-19 levels, says Knight Frank. According to the real estate consultant, the sale of residential units across eight major metros in the country – Kolkata, Chennai, Pune, National Capital Region (NCR), Mumbai, Bengaluru, Hyderabad, and Ahmadabad – picked up pace in Q2FY21 to reach 33,403 – up a massive 246 per cent on a sequential basis. READ MORE

1:25 PM

Voting on Jet Airways revival underway, decision after October 16

Resolution professional Ashish Chhawchharia said voting process is still underway and the news of lenders selecting Kalrock Capital is premature and devoid of facts. The UK based asset management company too has denied issuing any statement about it winning the bid. READ MORE

1:15 PM

BUZZING STOCK:: Just Dial zooms 14%

1:07 PM

How to identify and trade the Triple Top reversal pattern?

Triple top is a trend reversal pattern that depicts buying weakness and a failure to absorb selling pressure, resulting in a sell-off. This chart pattern depicts three distinct peaks, called resistance, inside a price zone that the stock price has failed to conquer. READ MORE

12:59 PM

SECTOR WATCH:: Pharma stocks trade higher

COMPANY	LATEST(rs)	CHG(%)
CADILA HEALTH.	429.95	4.14
CIPLA	787.00	1.73
BLISS GVS PHARMA	173.50	0.29
WOCKHARDT	319.95	1.47
SUN PHARMA.INDS.	517.55	1.15

12:52 PM

Top gainers on the BSE at this hour

12:41 PM

Stocks that hit 52-week high on BSE today

COMPANY	PRICE(rs)	52 WK HIGH	CHG(%)
ADVANCED ENZYME	343.25	384.75	-9.38
AMBUJA CEMENTS	237.00	238.55	0.96
APOLLO HOSPITALS	2204.20	2221.95	1.45
BERGER PAINTS	604.80	613.55	-0.53
CADILA HEALTH.	429.35	430.80	4.00

12:32 PM

Sector Watch :: Nifty Auto index trades weak in a strong market

12:27 PM

Passenger vehicle retail sales up 9.81% in September to 195,665 units

Passenger vehicle retail sales are back in green with 9.81 per cent growth in the month of September 2020. Total PV sales increased to 1,95,665 units from 1,78,189 units, in September 2019. Other than PVs, tractors remain the only segment to show growth in sales while all the other segments continue to be in red. Overall retail sales report a 10.24 per cent drop to 13,44,866 units in September 2020 as compared to 14,98,283 units, a year ago. READ MORE