MARKET WRAP: Sensex ends 318 pts higher ahead of RBI board meet outcome

The Nifty PSU Bank index ended 0.75 per cent lower weighed by Oriental Bank of Commerce and State Bank of India (SBI).

9:41 AM

MphasiS: A classic turnaround story

 

Takeover by the US-based private equity firm Blackstone and a sharp turnaround in HP/DXC channel, which constitutes nearly 30 per cent of its business, have changed the fortunes of the midcap IT company MphasiS, and how! Click here to read more

9:31 AM

YES Bank is trading over 5% higher

9:27 AM

Jet Airways is trading over 8% lower in early trade 

9:20 AM

Sectoral trend on NSE

9:18 AM

S&P BSE Sensex top gainers and losers

9:17 AM

Market at open

 

At 9:17 AM, the S&P BSE Sensex was trading at 35,635, up 179 points while the broader Nifty50 was ruling at 10,719, up 37 points

9:05 AM

Market at pre-open

Index	Current	Pt. Change	% Change
S&P BSE SENSEX	35,635.26	+178.10	+0.50
S&P BSE SENSEX 50	11,211.94	+53.46	+0.48
S&P BSE SENSEX Next 50	32,298.42	+96.22	+0.30
S&P BSE 100	10,996.24	+49.92	+0.46
S&P BSE Bharat 22 Index	3,482.34	+20.74	+0.60

9:04 AM

Bond alert

10-year government bond yield opens at 7.81 per cent Vs previous close of 7.82 per cent

9:02 AM

Currency watch

The rupee opens at 71.97 vs 71.92 per US dollar

8:54 AM

Mutual fund industry seeks urgent meet with Sebi on expense structure

The mutual fund (MF) industry has sought a meeting with the Securities and Exchange Board of India (Sebi) at the earliest, while seeking clarification on the market regulator’s diktat that all scheme-related expenses should be booked in respective schemes. For liquid schemes that are under the regulator’s scrutiny, the MF industry has asked it to consider allowing redemption-related borrowings costs to be borne in asset management companies’ (AMCs’) books. READ MORE

8:47 AM

Dr Reddy's, Jet Airways and Power Grid among top stocks to track

 

RBI board meet, stock-specific actions and trends in global markets are likely to play a key role in deciding market direction on Monday. According to a report by PTI, the company plans to pump in over Rs 50 billion to strengthen its downstream manufacturing capacity and is also keen to pursue stressed downstream assets that will come up for bidding in the next round. Read more

 

8:40 AM

Modi stacks RBI board with allies to turn heat up on governor

 

As Prime Minister Narendra Modi's government turns up the heat on the Reserve Bank of India (RBI) governor to do its bidding ahead of next year's general election it is getting the central bank's board to take on a much more powerful role, according to government officials and board members. Click here to read more

 

8:29 AM

Commodity outlook by Tradebulls Securities: Buy crude oil, lead

Buy Crude

Target: Rs 4,300

Stop loss: Rs 3,920

 

Crude oil has witnessed a sharp fall and the 3rd Elliot wave has been extended. Now we are in the midst of 4th wave, where we expect Crude oil prices to bounce till 4300. RSI_14 is also in oversold territory at 19.81 not seen since Jan 2015. Looking at the oversold region, we recommend long position with a target of 4300 and stop loss at 3920 closing basis. READ MORE

8:21 AM

Commodity picks: 19 November 2018

Pepper

 

Pepper prices are currently trading at Rs 39,757 per quintal in Kochi market. New crop arrivals along with large carryover stocks from last year will keep the market well supplied. Thin demand amidst ample supply is likely to drag prices lower towards Rs 38,500 - Rs 39,000 levels in the coming week. Click here for more

8:16 AM

INTERVIEW OF THE DAY We're still in a phase of sell the rally rather than buy dips

The markets have rallied from recent lows, but Gautam Chhaochharia, head of India Research, UBS, tells Vishal Chhabria that macros have still not turned favourable, earnings estimates will see more cuts and retail flows have decelerated sharply. He says elections will be the biggest driver for markets READ MORE HERE

Head of India Research, UBS, Gautam Chhaochharia