Markets pare losses to end in green; Nifty closes at 10399; NTPC top gainer

All that happened in today's trade

9:20 AM

Top Sensex gainers and losers

Source: BSE

9:19 AM

Broader Markets

In broader makrets, the BSE Midcap and BSE Smallcap indcies were trading 0.3% and 0.05% lower

9:17 AM

Markets open

Benchmark indices open on a negative note after S&P maintained status quo on sovereign rating amid a likely rise in volatility ahead of expiry of November futures & options contracts and looming Opec meeting on oil output cut later this week. 

At 9:17 am, the S&P BSE Sensex was trading at 33,600, down 78 points while the broader Nifty50 index was ruling at 10,362, down 27 points

9:14 AM

Nifty outlook by Prabhudas Lilladher

 

Nifty has got its weekly trend turned up along with daily already up since 6 days, Bank Nifty too continues with its weekly & daily trend in positive. The support for the week is seen at 10,230 while resistance is seen at 10,560.

 

Click here for stock recos

9:07 AM

Stock recos for today by Angel Broking

 

Dish TV 

View: Bullish

Last Close: Rs 82

 

Brigade

View: Bullish

Last Close: Rs 298.85

 

Hero MotoCorp

View: Bearish

Last Close: Rs 3653.25

 

Click here  for Nifty outlook for the day

9:03 AM

Stock Picks from Devang Shah

 

GODREJ INDUSTRIES -BUY

CLOSE – Rs- 561

TARGET – Rs 580-595 

 

AJANTA PHARMA- BUY

CLOSE – Rs 1328

TARGET – Rs 1370-1400

 

BHARAT FINANCIAL - BUY

CLOSE – Rs 988

TARGET – Rs 1020-1070

Click here for more stocks

8:59 AM

Nifty outlook by Devang Shah

 

Nifty closed 2nd consecutive week in positive territory. It’s slow but steady heading towards higher levels with some consolidation in short term. It made a high of 10404.50 levels during week & closed nearer to it at the end of weekly trading session. It looks like extension case further towards upper end of channel as anticipating from wave count perspectives  till lower end support holds. One can expect market to rally towards higher levels targets as mentioned below till short term reverses. Trader should BUY stock specific & book profit at regular intervals.

 

Short-term outlook for the market remains positive till Nifty trades below 10,094 levels and expecting target of 10,600-10,800 levels in short term. Medium term outlook for the market remains positive till Nifty trades above 8,968 levels and is expecting targets in the range of 12,000-12,200 levels in medium term. READ MORE

8:56 AM

Earnings yield of BSE 500 firms at 11-year low

 

The mismatch between corporate earnings and stock prices has widened on Dalal Street, with the earnings yield for India’s top listed companies now down to a decadal low of 3.5 per cent. The figure was 4.5 per cent at the start of 2007 and four per cent a year before.

 

The current yield is even lower than at the end of December 2007, a week before the great market fall of 2008. This analysis is based on the latest earnings and market capitalisation of BSE 500 index companies, which account for 90 per cent of the combined market value of listed firms on the bourse. READ MORE

8:52 AM

Seven of top-10 firms add Rs 54k cr in m-cap

 

Seven of the top-10 most valued Indian companies together added Rs 54,174.2 crore in market valuation last week, with Reliance Industries (RIL) stealing the show with maximum gain.

 

Barring Tata Consultancy Services (TCS), SBI and HUL, rest seven companies, including HDFC Bank and ITC saw addition in their market capitalisation (m-cap) for the week ended Friday. RIL's valuation jumped Rs 25,205.6 crore to Rs 6,01,324.56 crore. READ MORE

8:48 AM

Insolvency and Bankruptcy Code: Lenders, bidders split on assets valuation

 

While the lenders are insisting that resolution professionals get the enterprise valuation of these companies done to ensure sale negotiations begin from a higher point, the bidders say such firms should be sold at a “scrap” value in accordance with the provisions of the Insolvency and Bankruptcy Code (IBC).  READ MORE

8:43 AM

FPIs infuse $2.6 bn into Indian stocks this month

 

Foreign investors have pumped over $2.6 billion in the country's capital markets this month so far, propelled by government's announcement of recapitalising PSU banks and India faring well in the World Bank's 'ease of doing business index'.

 

This follows a net inflow of over Rs 19,000 crore in capital markets (equity and debt) last month. Prior to that, FPIs had pulled out more than Rs 10,000 crore in September. READ MORE

8:40 AM

S&P retains India's sovereign rating 

 

S&P retained its sovereign rating for India at BBB- with a stable outlook, dashing hopes of another upgrade after rival Moody’s last week lifted its rating by a notch after a gap of nearly 14 years. S&P last raised India credit ratings to investment grade, BBB with a stable outlook, from BB+ in January 2007. READ MORE

8:37 AM

Asia stocks slip as China, South Korea weakness weigh

 

Asian stocks gave back earlier modest gains and fell back from a decade high on Monday, weighed by weakness in the Chinese and South Korean markets, while the euro reached a two-month top against the dollar.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose early in the session on Friday’s Wall Street gains but was last down 0.65%.

 

South Korea’s KOSPI fell 1.3% as tech shares slumped following an analyst’s report suggesting the memory chip “super cycle” would soon fade, led lower by Samsung Electronics.

8:34 AM

US markets end higher on Friday

 

Technology stocks led the S&P 500 and Nasdaq to record closing highs on Friday, with the S&P ending above 2,600 points for the first time. The Dow rose 31.81 points, or 0.14%, to 23,557.99, while the S&P gained 5.34 points, or 0.21%, to 2,602.42. The Nasdaq added 21.80 points, or 0.32%, to 6,889.16.

8:30 AM

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