MARKETS WRAP: Sensex rises 132 pts, Nifty reclaims 10,500; IT, pharma gain

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12:04 PM

NEWS ALERT
September WPI inflation at 5.13% vs 4.53% in August

12:03 PM

NEWS ALERT Rupee extends decline, trades at 73.98 against US dollar

12:00 PM

Market check

Index	Current	Pt. Change	% Change
S&P BSE SENSEX	34,621.69	-111.89	-0.32
S&P BSE SENSEX 50	10,909.94	-30.44	-0.28
S&P BSE SENSEX Next 50	30,861.50	+27.30	+0.09
S&P BSE 100	10,670.50	-23.92	-0.22
S&P BSE Bharat 22 Index	3,314.30	-17.45	-0.52

11:45 AM

Adani, Bharti, Bajaj lose most in percentage terms in latest market rout

 

Among the top 10 business groups in the country, Adani, Bharti and Bajaj have lost the most in percentage terms in the latest market rout. The benchmark S&P BSE Sensex has come off 11 per cent from its all-time high on August 28. In comparison, the value of promoter holding of Adani group companies is down 24 per cent or Rs 256 billion ($3.5 billion) and that of Bharti group is down nearly 20 per cent or Rs 253 billion. Read More

11:30 AM

Eicher Motors bets on festive season, new launches to prop up sales

 

Eicher Motors’ shares are down by a fifth from their last month highs on worries of slowing sales, higher product costs, production disruption and rising competition. The key worry for the maker of Royal Enfield motorcycles is the near-term volume pressure. While fiscal year-to-date sales have been healthy at 13 per cent, the company recorded a growth of just two per cent in September. But, if Eicher can turn around the recent volume trend, investor sentiment could also revive given the drop in stock valuations. And there is hope, say analysts. Read More

11:15 AM

Long-term SIPs help you take advantage of market lows; know how to gain

 

The sharp fall in the markets has made some mutual fund investors nervous. Those investors who started their systematic investment plans (SIPs) six months or a year back are concerned about the large drawdown in their investments. However, those who have had longer-tenure investments in SIPs are sitting on healthy returns. Data from Value Research show that one-year SIPs in mid- and small-cap schemes have yielded negative returns of 24 per cent and 31 per cent, respectively. Read More

11:00 AM

Sugar stocks surge on reports that govt may increase ethanol production

COMPANY	LATEST	PREV CLOSE	GAIN()	GAIN(%)	VOLUME
THIRU AROOR. SU.	33.20	27.70	5.50	19.86	10147
UTTAM SUG.MILLS	155.45	134.10	21.35	15.92	103442
DALMIA BHARAT	95.10	82.20	12.90	15.69	84563
PONNI SUG.ERODE	140.05	122.10	17.95	14.70	527
DWARIKESH SUGAR	33.35	29.10	4.25	14.60	676927

10:45 AM

Pharma shares in focus; Dr Reddy's, Biocon, Lupin, Natco Pharma up over 3%

 

Shares of pharmaceutical were in focus in an otherwise subdued market on Monday with Nifty Pharma index gaining nearly 2% against 0.17% decline in the Nifty 50 at 09:36 am. Dr Reddy’s Laboratories, Lupin, and Biocon from the index were up in the range of 3% to 4%, while, Sun Pharmaceutical Industries, Cipla, Glenmark Pharmaceuticals, Cadila Healthcare, Aurobindo Pharma and Divi’s Laboratories up between 1% and 2% on the NSE. In comparison, the Nifty Pharma index, the largest gainer among sectoral indices, was up 1.7% at 9,683 points. Read More

10:30 AM

Should you buy HUL after Q2 numbers? Here's what brokerages have to say

 

Shares of Hindustan Unilever (HUL) slipped as much as 3.23 per cent to Rs 1,511.40 apiece on Monday. The company announced its September quarter earnings on Friday where it reported a 19.51 per cent increase in net profit at Rs 15.25 billion. Sales came in at Rs 91.38 billion as against Rs 81.99 billion in the year-ago period, up 11.45 per cent. The FMCG major also posted a 10 per cent volume growth during the quarter, compared with 12 per cent growth in the immediately preceding quarter and four per cent a year ago. Read More

10:15 AM

Q2FY19 Preview: Speed bumps ahead for the auto sector

 

Second quarter of the financial year 2018-19 (Q2FY19) has been a roller coaster ride for most of the auto companies. Several macro headwinds like rising fuel prices, increasing finance cost and hike in insurance premium have acted as speed breakers. However, while the speed of growth has definitely slowed down over last two months especially in the passenger vehicle (PV) segment (-0.7% YoY), high base effect, too, has had an impact on the volume. READ MORE

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10:00 AM

Market check

Index	Current	Pt. Change	% Change
S&P BSE SENSEX	34,602.46	-131.12	-0.38
S&P BSE SENSEX 50	10,901.19	-39.19	-0.36
S&P BSE SENSEX Next 50	30,783.75	-50.45	-0.16
S&P BSE 100	10,659.19	-35.23	-0.33
S&P BSE Bharat 22 Index	3,311.25	-20.50	-0.62

9:45 AM

Avenue Supermarts falls 7% after margin disappointment

 

Shares of Avenue Supermarts, which runs the D-Mart supermarkets chain, dipped 7% to Rs 1,318 on the BSE in early morning after margin disappointment in the second quarter of current financial year 2018-19 (Q2FY19). The company’s EBITDA (earnings before interest, tax, depreciation and amortization) margin declined 110 basis points at 8.0% in Q2FY19 as compared to 9.1% in Q2FY18, Avenue Supermarts said in a statement. Read More

9:30 AM

Interview of the day: Present market turmoil may be a passing phase India faces every 3-4 years, says A Balasubramanian

 

The markets are down 11 per cent from recent peak levels in September. A BALASUBRAMANIAN, chief executive officer at Aditya Birla Sun Life AMC, tells Puneet Wadhwa that his investment strategy thus far in 2018 has been to stay focused on stock-specific investments. Edited excerpts: How do you see the markets playing out over the next few months? So far the year has been extremely tough given the changes in the macro environment, led by oil price movement, currency volatility and rising interest rates. Read More

A Balasubramanian, Chief Executive Officer, Aditya Birla Sun Life AMC

9:20 AM

Sectoral trend on NSE

9:18 AM

S&P BSE Sensex top gainers and losers