MARKET WRAP: Sensex ends at record closing high, up 137 pts; HDFC gains 2%

All that happened in markets today.

9:22 AM

BUZZING STOCK | YES Bank slips over 2% after 1.38% equity gets exchanged

9:20 AM

Sectoral gainers and losers on the NSE

9:20 AM

Top gainers and losers on the S&P BSE Sensex

9:18 AM

OPENING DEALS

At 09:17 am, the S&P BSE Sensex was trading 159 points or 0.40 per cent higher at 40,323.75, while NSE's Nifty50 index was ruling 41 points or 0.34 per cent higher at 11,931.

9:05 AM

Rupee Opening Alert | Re opens at 1-month high

Rupee opens higher at 70.55/$ vs Friday's close of Rs 70.81/$

9:04 AM

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

9:03 AM

Market at Pre-open

9:03 AM

Market at Pre-open

9:00 AM

Indian cos are witnessing a sharp spike in demand for dollar bond offerings

Indian companies are witnessing a sharp spike in demand for their dollar bond offerings thus giving a respite from the ongoing liquidity issues in the local markets.

 

Statistics collated by BS Research Bureau shows that Indian companies raised $13.74 billion in the first 10 months of calendar 2019 as compared to $1.65 billion raised in the same period of last year. The energy and infrastructure companies are getting a good response from investors as their track record in debt repayment is far better than real estate and telecom companies from India, say bankers. READ MORE

8:53 AM

Indian stock markets likely to continue upward journey in the coming week

The benchmark indices on Friday logged their third weekly gain in four weeks. Stocks are likely to edge higher in the coming week if chartists are to be believed. According to analysts, the Nifty can move towards 12,000-12,100 levels, provided it holds above 11,820.

 

On the downside, the major support is seen at 11,780 and 11,700 zones. Currently, the benchmark indices are near lifetime highs after clocking gains of more than 11 per cent since September 19, a day before corporation tax rate cuts were announced.  READ MORE

8:50 AM

Stocks to watch: HDFC, YES Bank, SpiceJet, KEC Int'l, Bharat Electronics

Here's a look at the top stocks that may remain in focus today

 

Earnings today: As many as 61 companies including HDFC, Indian Overseas Bank, Bharat Electronics (BEL), and Can Fin Homes are slated to release their September quarter results today.

 

YES Bank on Friday reported a consolidated net loss of Rs 629.1 crore for the September quarter due to a spurt in bad loans. Gross bad loans jumped to 7.39 per cent of the gross advances as on September 30, 2019, from 1.60 per cent a year ago. Net NPAs or bad loans too rose to 4.35 per cent as against 0.84 per cent. READ MORE

8:46 AM

HDFC Q2 preview: Stake sale in Gruh Fin to support PAT, asset quality eyed

Analysts at ICICI Securities, for instance, estimate that other income of Rs 3,421 crore, including gain of Rs 1,632 crore from stake sale in Gruh Finance and Rs 1,074 crore dividend from subsidiary, could lead to a PAT of Rs 3,628 crore, up 47 per cent YoY, in the recently-concluded quarter. READ PREVIEW HERE

8:43 AM

NEWS ALERT | KEC International bags order worth Rs 1,806 cr: BSE filing

Railways: The Railway business has secured orders of Rs. 1,303 crore in India:

• Orders for overhead electrification of railway lines and associated civil works
• Construction of Road Over Bridges (ROBs), roadbeds, major and minor bridge

Transmission & Distribution: T&D business and SAE Towers have secured orders of Rs. 283 crore for T&D projects in India, East Asia Pacific and the Americas.

Civil: The Civil business has secured orders of Rs. 63 crore for civil and construction works in India.
 

Cables: The Cables business has secured orders of Rs. 157 crore for various types of cables/ cabling

projects.

 

8:40 AM

Maruti's rich valuations difficult to sustain amid auto sector slowdown

The Maruti Suzuki stock has gained over 35 per cent in the last three months on expectations of volume gains in the second half of the fiscal year, market share improvement, and edge over competition on the transition to the BSVI emission norms. The corporation tax cut helped boost sentiment for the stock. READ MORE HERE

8:38 AM

'New high for Nifty50 on the cards; buy Tata Steel and Alembic Pharma'

Friday’s session was almost a replica of the previous day; however, the only difference was, we fell from higher levels in the latter half on Thursday and on Friday, we recovered after correcting in the first half. Overall, the bias remained neutral as we are experiencing some indecision with index per se. However, the stock-specific action still continues in the market as we saw good participation from the broader end of the spectrum. Eventually, the truncated week post Diwali festival concluded with handsome gains over a couple of per cent. READ MORE