F&O expiry: Sensex ends at record closing peak, up 762pts; Nifty near 18500

CLOSING BELL: A surprise dovish tone by the US Federal Reserve, where it said that the central bank is looking to slow the pace of rate hike, cheered market bulls

3:35 PM

NSE Nifty50 vaults 217 points on F&O expiry day, to end at 18,484

The NSE Nifty 50 is still 120-odd points shy from its record high of 18,604.

3:33 PM

Closing Bell:: Sensex ends 762 points stronger at record 62,273-level

3:26 PM

Recession unlikely in APAC region in coming year: Moody's Analytics

In its analysis titled 'APAC Outlook: A Coming Downshift', Moody's said India is headed for slower growth next year more in line with its long-term potential. READ MORE

3:14 PM

Market Check: Nifty jumps over 200 points ahead of monthly F&O expiry

3:02 PM

Global Check:: US, UK stock futures hold steady gains

The US markets will be close tonight on account of 'Thanksgiving Holiday'. 

Source: Investing.com

2:53 PM

Indoco Remedies hits 8-month high on hopes of margin boost; stock surges 7%

The stock of pharmaceutical company traded at its highest level since March 2022. In the past one week, it rallied 17 per cent, as against 0.35 per cent rise in the S&P BSE Sensex. Earlier, the stock had hit a 52-week high of Rs 459 on January 3, 2022. READ MORE

 

2:43 PM

Broader markets also hold steady gains; most indices up around 0.5%

2:34 PM

BSE 500:: Top losers so far

Rajesh Exports down 4.7 per cent was the top loser among the BSE 500 stocks so far. Indian Overseas Bank, APL Apollo Tubes, GNFC and Happiest Minds were the other prominent losers, down 3 - 4 per cent each.

2:26 PM

China expands lockdown as Covid cases hit record high, mass testing ordered

People in eight districts of Zhengzhou with a total of 6.6 million residents were told to stay home for five days beginning on Thursday, except to buy food or get medical treatment. READ MORE

2:15 PM

BSE 500:: Top gainers so far

GSPL up 8 per cent was the top gainer among the BSE 500 stocks so far on Thursday. It was followed by PB Fintech, Rail Vikas, Avanti Feeds and SJVN, up 6 - 7 per cent each.

2:05 PM

NEWS ALERT :: China's Evergrande plans to present restructuring proposal early December, reports Bloomberg

1:57 PM

Expert Take :: Time to book profit in PSU Bank stocks?

1:51 PM

Brokerage Call :: Prabhudas Lilladher on HDFC Bank

BUY HDFC BANK

 

CMP: 1608 TRGT: 1750 SL: 1550 

 

HDFC BANK is in a strong uptrend making a higher top higher bottom formation on daily chart & now with all positive indicators the stock is ready for new projected target of 1750.  we recommend this stock for a Buy keeping a stop loss of 1550 for an upside target of Rs 1,750.
 

1:43 PM

Brokerage Call :: ICICI Securities on Housing Finance Companies

>> The momentum in disbursements has continued in Q2FY23 as well with players registering sequential uptick in disbursements in the range of 5-15%. Growth in home loans was seen in both affordable housing segment as well as in high-end properties.
 

1:35 PM

Brokerage Call :: JM Financial on Internet companies

>> Paytm, PB Fintech and Zomato are guiding towards adjusted EBITDA level profitability between Q4FY23 to Q2FY24 while Delhivery should also be able to tide over SpotOn integration issues and breakeven by Q4FY23.

>> Furthermore, Nykaa is taking a disciplined approach to its investments in Fashion and eB2B segments while CarTrade has been referencing towards the high

operating leverage in its business. We could already see healthy margin improvement in Q2FY23 earnings as the companies continue to focus on demonstrating a credible path to profitability.

>> In order to shorten the path, the companies are focused on optimising capital allocation and not investing large sums of capital on non-core, experimental ventures.

>> We believe that investor conviction on potential profitability and timeline could cause a re-rating event for these companies as profit margins are expected to rise exponentially post break-even.