MARKET WRAP: Indices end flat on the last day of Samvat 2074; PCJ tanks 12%

For Samvat 2074, the S&P BSE Sensex recorded a gain of over 7 per cent

10:30 AM

FPIs, MFs chase fewer stocks amid distorted valuations, regulatory changes

 

Distorted valuations and regulatory changes have prompted institutional investors to go after fewer stocks in the last one year or so, indicating polarisation among equities. Numbers for the September quarter show that the percentage of investments by foreign portfolio investors (FPIs) in the top 20 stocks vis-a-vis other stocks on the NSE stood at 55.15 per cent. This is the highest since September 2013, data from Prime Database shows. Read more

10:14 AM

Balkrishna Industries skids 10% following Q2 earnings disappointment

Shares of Balkrishna Industries have fallen 10% to Rs 967 per share on the BSE in early morning trade after the company's standalone EBITDA (earnings before interest, tax, depreciation and amortization) margin declined 430 bps at 27.7% in September quarter (Q2FY19) from 32.0% in Q2FY18.
 

The tyre company reported 10% year-on-year (Y-o-Y) growth in its standalone net profit at Rs 2.22 billion in Q2FY19. It had a profit of Rs 2.03 billion in a year ago quarter. READ MORE

10:01 AM

Market check

Index	Current	Pt. Change	% Change
S&P BSE SENSEX	35,101.79	+150.87	+0.43
S&P BSE SENSEX 50	11,045.58	+41.79	+0.38
S&P BSE SENSEX Next 50	32,050.46	+120.91	+0.38
S&P BSE 100	10,844.52	+41.03	+0.38
S&P BSE Bharat 22 Index	3,466.77	+1.02	+0.03

 

9:47 AM

Tata Motors is trading higher on the back of strong UK JLR sales for the month of October
 

 

9:45 AM

SBI is trading lower post Q2 results

9:34 AM

Interview of the day FII flows into EMs may resume as valuations fall, says Mukul Kochhar

Valuations in other emerging markets (EMs) look better compared to India, says Mukul Kochhar, head of institutional sales (India), Investec Capital. However, the country will also stand to gain as flows into EMs may resume as valuations have become cheaper after this year’s correction, Kochhar tells Samie Modak. Click here to read the interview

Mukul Kochhar, head of institutional sales, Investec capital. Photo: Kamlesh Pednekar

9:22 AM

Sectoral trend on NSE

9:20 AM

Opening gainers in BSE Sensex

9:18 AM

Market at open

 

At 9:16 AM, the S&P BSE Sensex was trading at 35,095, up 144 points while the broader Nifty50 was ruling at 10,574, up 50 points.

9:01 AM

Market pre-open

Index	Current	Pt. Change	% Change
S&P BSE SENSEX	35,094.12	+143.20	+0.41
S&P BSE SENSEX 50	11,055.17	+51.38	+0.47
S&P BSE SENSEX Next 50	32,016.27	+86.72	+0.27
S&P BSE 100	10,850.76	+47.27	+0.44
S&P BSE Bharat 22 Index	3,478.83	+13.08	+0.38

9:01 AM

Rupee opening

Rupee opens firm at 72.93/$ vs its previous close of 73.12 against the US dollar

8:55 AM

Today's picks

 

Indiabulls Housing Finance

Current price: Rs 833

Target price: Rs 820 

 

Keep a stop at Rs 840 and go short. Add to the position between Rs 821 and Rs 824. Book profits at Rs 820.

 

HPCL

Current price: Rs 233

Target price: Rs 228

Keep a stop at Rs 236 and go short. Add to the position between Rs 229 and Rs 230. Book profits at Rs 228. Read more

8:49 AM

Top trading calls by Anand Rathi

 

MARUTI: BUY

TARGET: Rs 7,800

STOP LOSS: Rs 6,900

 

The stock has completed five waves declining structure on the weekly charts. The stock has provided a buy crossover in its momentum indicator; hence a retracement of 38.2% is quite likely so one can buy for the target of 7800 levels. Read more

8:45 AM

Nifty outlook by Prabhudas Lilladher

 

Nifty again took a breather near around 10550 levels and Bank Nifty too reached near the previous peak of 25900 levels and a breach above this level would be crucial which would decide the further upward movement. The support for the week is seen at 34680/10450 & resistance is seen at 34720/10600. Bank Nifty would have a range of 25450-26000. We anticipate a movement for Nifty between the range of 10000 and 10650 levels for the time being. Click here to read more

8:40 AM

Markets on Monday

INDEX	LATEST	PREVIOUS	CHANGE	CHANGE(%)
	34950.92	35011.65	-60.73	-0.17
	14081.57	14112.76	-31.19	-0.22
	14819.23	14888.73	-69.50	-0.47
	14423.60	14464.68	-41.08	-0.28
	4080.68	4087.31	-6.63	-0.16