MARKET WRAP: Sensex gains 582 pts, Nifty ends at 11,787; Tata Motors up 16%

All that happened in markets today.

2:16 PM

NEWS ALERT | Thomas Cook India CMD Madhavan Menon resigns from Quess Corp board: BSE Filing

-- Tenders resignation with immediate effect

-- Resigned following Mumbai NCLT's nod for merger of TMI, Quess Corp

2:11 PM

NEWS ALERT | Tata Motors Conference Call

-- Co maintains guidance of 3-4% EBIT margin in FY20-21
 

-- Management confident about remaining profitable in H2FY20 

-- Co says, see gradual improvement in China volumes 

-- To see 500 million pounds benefits in H2FY20 due to cost cutting project charge

(As reported by CNBC TV18)

2:03 PM

Coal supply crunch may spoil govt's dream of $5-trillion economy by 2024

Coal supply could play a dampener both for the power sector and the industry at a time when the government is targeting double-digit growth and a $5-trillion economy. While the power demand is rising with enhanced electricity connectivity and improving supply metrics, domestic coal supply continues to remain laggard as several states and power generators are depending on imported coal. READ MORE 

1:54 PM

Tata Steel, NMDC gain up to 9% on reports Govt may ease captive mine rules

Metal stocks such as Tata Steel, Jindal Steel, SAIL and JSW Steel advanced up to 9.5 per cent on the NSE on Tuesday on reports government could allow integrated steel producers to divert a portion of iron ore from their captive mines for use by other joint venture entities. That apart, optimism around US-China trade deal also boosted investor sentiment. READ MORE

1:42 PM

BUZZING STOCK | RBL Bank jumps over 7%

1:35 PM

Nifty hits 11,800 for the first time since July 5

1:23 PM

Sensex above 39,800 for the first time since July 5

1:19 PM

MARKET CHECK | RIL hits new high

1:10 PM

EXPERT VIEW | Commentary on Gold by LKP Securities

"Gold can be seen in the range of Rs 37,500 – Rs 38,400 for the coming days, whereas on the global front, it will be seen in range of $1480-1510. We expect some sideways days ahead for Bullion but US Fed’s interest rate decision (probably dovish decision) shall provide positive impetus going ahead," says Jateen Trivedi, Senior Research Analyst (Commodity & Currency) at LKP Securities. 

1:01 PM

BROKERAGE RADAR | ICICI Securities on State Bank of India

The management continues to be confident that balance sheet has been improving and has guided for a strong recovery ahead with RoA target of 0.5 per cent in FY20E. We raise provisions for NPA and build in DTA tax adjustment of ~ Rs 3,000 crore impacting FY20E earnings. A gradual pick-up in credit off-take coupled with healthy operational matrix augurs well for future earnings. A recovery from large NCLT account and stake sale in subsidiaries is expected to unlock valuation. We maintain our target price at Rs 400, valuing at 1.5x FY21E ABV. We maintain BUY recommendation.

12:59 PM

NEWS ALERT | DHFL issue likely to be referred to Serious Fraud Investigation Office: MCA official

12:56 PM

NEWS ALERT | ROC Mumbai submits report on fund diversion by DHFL: Corp Affairs Min official

-- Notes serious issue of corporate law violations

(As reported by CNBC TV18 quoting Agencies)

12:49 PM

Market check

12:39 PM

Market check | Nifty Mid-cap100 index trading at 1-month high

12:33 PM

NEWS ALERT | Saudi Aramco targeting to kick off planned IPO on Nov 3: Sources to Reuters

-- The state oil giant working is towards an announcement for the proposed float this Sunday