Sensex ends 355 pts higher amid tight US presidential race; IT stocks gain

All that happened in the markets today

12:41 PM

Market Voice :: Samir Arora on Wall Street and US Elections

12:37 PM

Adani Gas acquires CGD network in Ludhiana, Jalandhar, Kutch (East)

All three GAs have high volumes potential in terms of demand of over 6.5 MMSCMD (million metric standard cubic meter per day) over a period of ten years. These GA’s are under Phase 1 of Bharat Mala Pariyojana by NHAI which will further boost the development and volume growth. READ MORE

12:34 PM

BROKERAGE VIEW | LKP Securities on Zee Entertainment

RATING: BUY | TARGET PRICE: Rs 235 

Competition from global and local OTT payers remains a constant risk to the industry. However, we expect a full blown recovery in Q4 and FY22 with revival in the Ad industry and Zee5 losses reduction with voluminous launch of quality content. Positive FCF during pandemic times in challenging operational environment is creditable. Probable opening up of multiplexes will surely lead to a better movie business as well. On valuations, the stock is looking quite attractive at 12x FY 22E earnings. Based on FY 22E we maintain our BUY rating on Zee, however prune down our target price from Rs 268 to Rs 235 (15x FY 22E).

12:28 PM

BROKERAGE VIEW | ICICI Securities on Sun Pharma

RATING: BUY | TARGET PRICE: Rs 585 

While the company’s US generics front is going through calibrated product rationalisation, specialty segment looks promising due to robust product pipeline, steady progress. This metamorphic shift from generics to specialty, however, is likely to weigh on US growth in the near term. That said, higher contribution from specialty and strong domestic franchise is likely to change the product mix towards more remunerative businesses by FY22. This would have positive implications for margins also as we expect faster absorption of frontloaded costs on the specialty front. We maintain BUY and arrive at our new target price of Rs 585 based on 22x FY23E EPS of Rs 26.6.

12:18 PM

CARE Ratings freezes at 20% upper circuit on heavy volumes post Q2 results

Shares of CARE Ratings were locked in the upper circuit limit of 20 per cent at Rs 365 on the BSE on Wednesday on the back of heavy volumes after the company reported a good set of July-September (Q2FY21) numbers. READ MORE 

12:11 PM

US Elections 2020 :: CNN projects Donald Trump's win in Montana

12:07 PM

JSPL: Reduction in net debt expected to drive re-rating, say analysts

It is no secret that improving demand and realisations are boosting prospects of steel players. But, for Jindal Steel & Power (JSPL), additional benefits are accruing from completed expansions and operating leverage, which — along with efforts on backward integration and debt reduction — are keeping sentiment firm. READ MORE

11:59 AM

Dow Jones Futures back in the red

11:45 AM

US Elections 2020 | Donald Trump leads Joe Biden for the first time

-- Donald Trump leads with 212 votes, against Joe Biden's 209: NBC

11:41 AM

Nifty sectoral indices at this hour

11:41 AM

US Elections 2020 :: AP projects President Trump has won Texas

11:31 AM

UPL dips 12% in three days post Q2 results; stock hits over four-month low

Shares of UPL continued to trade under pressure, hitting an over four-month low of Rs 399 after slipping 4 per cent on the BSE on Wednesday. The stock of the agrochemicals company was trading at its lowest level since June 15, 2020, when it touched a low of Rs 398 in intra-day trade. READ MORE 

11:22 AM

US Elections 2020 :: Donald Trump to make a statement later today

11:22 AM

US Presidential Elections 2020

11:16 AM

US Elections 2020 :: It's the win of the United States; I am thankful to everyone, says Biden