Share Market HIGHLIGHTS: Sensex ends 283 pts higher, Nifty reclaims 19,200 as D-Street extends gains to 2nd day; Zomato zooms 8% after posting Q2 profit
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex extended gains to a second straight session on Friday, November 3, backed by gains across most sectors and mirroring strong moves across global markets amid receding fears about higher-for-longer benchmark rates. Catch minute-by-minute highlights of the day on Dalal Street, and the views of Zee Business Managing Editor Anil Singhvi and other market experts on Zeebiz.coms blog.
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty50 and Sensex extended gains to a second straight session on Friday, November 3, backed by gains across most sectors and mirroring strength across global markets amid growing bets that benchmark interest rates have peaked.
Catch all the highlights of the November 3 session on Dalal Street, and the views of Zee Business Managing Editor Anil Singhvi and other market experts—and much more—on Zeebiz.com's blog:
Latest Updates
Nifty50 has tested immediate hurdle of 100-day exponential moving average around 19,276: Religare Broking's Ajit Mishra
Ajit Mishra of Religare Broking reiterates a cautious view on the Nifty50 and suggests waiting for a decisive break above 19,400 for a sustained recovery. "Else, the upmove would fizzle out," he says.
"However, there is no shortage of stock-specific opportunities so traders should maintain their focus on stock selection," Mishra adds.
Share Market HIGHLIGHTS | Overall market breadth remains in favour of the bulls
The day ends on BSE with an advance-decline ratio of 8:5 as 2,295 stocks rise while 1,395 fall at the closing bell.
Image: BSEIndia.com
Share Market Today LIVE | Broader indices hold on to much of intraday gains
The Nifty Midcap 100 ends 0.7 per cent higher while the Nifty Smallcap 100 finishes the day with a gain of 1.2 per cent.
Share Market Today LIVE | IndiGo shares rise as investors wait for airline to report Q2 results today
The stock of InterGlobe Aviation, the parent company of airline IndiGo, rise by as much as Rs 50.6, or two per cent, to Rs 2,540 apiece on BSE as investors await the company to report its quarterly numbers later in the day. Read more on what to expect in IndiGo Q2 results
Share Market Today LIVE | Sensex ends 283 pts higher, Nifty reclaims 19,200 as bulls remain in charge on D-Street for 2nd straight day
Both headline indices finish the day around half a per cent higher. The Sensex ends 282.9 pts higher at 64,363.8 and the Nifty settles with a gain of 97.4 pts at 19,230.6.
The high-beta Nifty Bank barometer ends 301.1 pts, or 0.7 per cent, stronger for the day at 43,318.3.
Here's how the two main gauges moved through the day:
Nifty50
Sensex
Images: BSEIndia.com, NSEIndia.com
Share Market Today LIVE | Titan Q2 income rises 21% to Rs 10,027 crore
Titan clocks 21 per cent year-on-year growth in income to Rs 10,027 crore for the second quarter of the current financial year.
Share Market Today LIVE | Titan Q2 profit up 10%; shares rise
Titan shares extend their intraday gains after the Tata group consumer lifestyle company reports a 10 per cent year-on-year increase in standalone net profit to Rs 940 crore for the July-September period. The Titan stock rises by as much as Rs 85.4, or 2.7 per cent, to Rs 3,286.7 apiece on BSE minutes after the earnings announcement.
Share Market Today LIVE | Zomato posts net profit of Rs 36 crore for Q2, second straight profitable quarter; shares zoom
Zomato shares build on their intraday gains after the food delivery company reports a consolidated net profit of Rs 36 crore for the July-September period, a second back-to-back profitable quarter, as against a consolidated net loss of Rs 251 crore for the corresponding quarter a year ago. Its revenue for the second quarter of the current financial year comes in at Rs 2,848 crore, an increase of 71.5 per cent compared with the corresponding period a year ago, according to a regulatory filing.
Zomato shares gain by as much as Rs 7, or 6.5 per cent, to Rs 114.5 apiece on BSE minutes after the earnings announcement.
In August, the company posted its first-ever quarterly profit, one quarter earlier than expected, helped by a tax gain and strong orders in its food and grocery delivery businesses.
Read more on Zomato Q2 results
Image: Reuters
Market Today LIVE | European stocks eye best week since March; auto shares lead gains
The pan-European STOXX 600 index begins the day in the green, and is on track to log its best week since March, led by automobile stocks as optimism around a likely end to monetary policy tightening by major central banks boosted sentiment. The gauge is up 0.3 per cent few minutes into the trading day, also supported by upbeat earnings and signs of slowing inflation.
Investors' hopes of interest rates having peaked were underpinned by recent holds by the Federal Reserve, Bank of England, European Central Bank and others.
Here's a look at some of the key indices in the region:
- UK's FTSE 100: up 0.4 per cent
- France's CAC: up 0.3 per cent
- Germany's DAX: up 0.4 per cent
Share Market Today LIVE | SBI shares hold Rs 575 mark
State Bank of India shares are up by Rs 7.2, or 1.3 per cent, at Rs 579.1 apiece on BSE.
Read more on what to expect from SBI in its Q2 earnings
Share Market Today LIVE | Broader indices gain 1%
The Nifty Midcap 100 and the Nifty Smallcap 100 indices are up 0.7 per cent and 1.2 per cent, having gained as much as 0.8 per cent and 1.4 per cent, respectively.
Share Market Today LIVE | Market breadth remains extremely positive as bulls remain in charge of D-Street
Overall market breadth remains in favour of the bulls in a big way, with an advance-decline ratio of 2:1 as 2,400 stocks are holding on to the green side of the flatline against 1,176 scrips facing selling pressure.
Image: BSEIndia.com
Even in the BSE 500 universe, the broadest index on the bourse, as many as 386 stocks are in positive territory.
Share Market Today LIVE | Tata Motors, Titan, Tech Mahindra, Infosys remain blue-chip top gainers; Bajaj Finance top laggard, down 0.9%
As many as 20 stocks in the Sensex basket are holding on to green territory as the market enters the second half of the session.
Image: BSEIndia.com
Share Market Today LIVE | Dow futures edge higher, indicate a mildly positive start ahead on Wall Street
The futures contracts of the three main US equity benchmarks, the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite, signal a subdued start ahead on Wall Street later today.
- Dow Jones Industrial Average futures: up 37 pts, or 0.1 per cent, at 33,951
- S&P 500 futures: down 3.3 pts, or 0.1 per cent, at 4,332.5
- Nasdaq Composite futures: down 40.5 pts, or 0.3 per cent, at 14,957.5
Share Market Today LIVE | MRF declares Rs 3/share dividend; shares fall
MRF's board declares a dividend of Rs 3 per share. Read more on MRF dividend
MRF shares sink into the red after the earnings announcement, falling by as much as Rs 2,132.4, or 1.9 per cent, to Rs 1,08,380 apiece on BSE.
Image: BSEIndia.com
Share Market Today LIVE | MRF September quarter PAT jumps 4.6 times to Rs 572 crore
Tyre maker MRF reports a standalone net profit of Rs 572 crore for the July-September period as against a standalone net profit of Rs 124 crore for the corresponding quarter a year ago. Read more on MRF results
Image: Reuters
Share Market Today LIVE | Tilaknagar Industries clocks 52-week high
The stock of Tilaknagar Industries (TI), an alcoholic beverage maker, gains by as much as Rs 26.5, or 12.4 per cent, to Rs 240.2 apiece on BSE, surpassing an existing 52-week high of Rs 227 apiece registered last month.
The country's biggest premium brandy manufacturer reported a strong set of quarterly numbers on Thursday.
Share Market Today LIVE | India services sector activity hits 7-month low: PMI
The services sector growth in the country fell to a seven-month low in October on a softer increase in output and new business, amid competitive conditions and price pressures, according to the findings of a PMI survey.
The seasonally adjusted S&P Global India Services PMI Business Activity Index fell to 58.4 in October, from a 13-year high of 61 in September, signalling the slowest rate of expansion since March. A reading above 50 means expansion and one below 50 denotes contraction. Read more on domestic services activity
Share Market Today LIVE | Buy IRB Infra shares, says Sumeet Bagadia
Sumeet Bagadia of Choice Broking is positive on IRB Infrastructure Developers shares from a perspective of 7-10 days with a stop loss at Rs 33.25. He has placed his short-term targets for the stock at Rs 37 and Rs 39.
Bagadia believes that positional targets for the stock will be at even higher levels.
Share Market Today LIVE | Sandeep Jain bullish on De Nora India
Sandeep Jain of Tradeswift Broking recommends buying De Nora India shares for targets of Rs 1,950 and Rs 2,030.
Here are a few important things Jain pointed out about the company:
- World's largest supplier of high performing catalytic coatings and insoluble electrodes
- De Nora operates 25 companies in 10 countries
- Good quality company
- Indian unit is staging strong performance quarter after quarter
- Company has maintained a net profit CAGR of 35-36 per cent in the past three years
- 37 per cent operating margin
- Zero debt company
- Stock has been hitting targets easily
Share Market Today LIVE | Buy RateGain Travel Tech shares, says Siddharth Sedani
Siddharth Sedani of Anand Rathi Shares & Stock Brokers is bullish on RateGain Travel Technologies (RATEGAIN), a stock he believes can continue its steadily strong performance in the coming months.
Sedani has placed his target for the short term at Rs 740 and for the long term at Rs 900.
Share Market Today LIVE | Buy LIC Housing Finance futures, says Sacchitanand Uttekar
Sacchitanand Uttekar of Tradebulls Securities believes that the momentum building up in LIC Housing Finance (LICHSGFIN) shares can extend further. The way the stock has taken out key resistance at Rs 465 so coincidentally, it can be chased on the upside with a stop loss at Rs 462, he tells Zee Business.
Uttekar has placed his price target for the housing finance stock at Rs 480.
Share Market Today LIVE | SBI shares near day high ahead of Q2 results this week
State Bank of India shares (SBIN) are enjoying a gain of Rs 6.3, or 1.1 per cent, to Rs 578.2 apiece on BSE, having risen by as much as Rs 6.7, or 1.2 per cent, to Rs 578.6 apiece earlier in the day.
The country's largest lender by assets is all set to report its financial results on Saturday. According to Zee Business research, SBI is expected to register a mild increase in standalone net profit to Rs 13,650 crore for the quarter ended September 30 from Rs 13,264.5 crore for the April-June period. Its net interest margin, a key measure of profitability for lenders, is estimated to shrink by 23 basis points sequentially to 3.1 per cent.
Market Today LIVE | Gold flat, silver dips on MCX
Gold futures (December 5) are barely in the green, trading with a gain of Rs 10 at Rs 60,921 per 10 grams on MCX.
Silver futures (December 5) are down by Rs 200, or 0.3 per cent, at Rs 71,200 per kg.
Read more on gold and silver rates here
Image: Reuters
Share Market Today LIVE | Asian Paints, NTPC, 4 other stocks go ex-dividend
Asian Paints and five other stocks trade ex-dividend. Earlier, the paint manufacturer declared an interim dividend of Rs 5.15 per equity share, a 51.5 per cent payout given the face value of Rs 10 per share.
Share Market Today LIVE | Container Corp shares jump after PSU reports upbeat Q2 numbers
Container Corporation of India (Concor) shares are flying higher this morning after the PSU logistics and transportation services provider staged a strong operational quarterly performance.
Share Market Today LIVE | Berger Paints stuck in tight range amid choppy trade
Berger Paints recover their intraday losses to trade flat amid choppy trade. The paint maker reported a 33 per cent year-on-year jump in consolidated net profit to Rs 292 crore for the September quarter as its revenue grew three per cent to Rs 2,767 crore.
Morgan Stanley downgraded the stock to ‘underweight’ from ‘equal-weight’ after the paint manufacturer's earnings announcement, and cut its price target for the stock to Rs 479 from Rs 546.Read more on Berger Paints shares
Share Market Today LIVE | Looking for long-term stock ideas for the Diwali season? Analysts share their top Diwali picks
In conversation with Zee Business Managing Editor Anil Singhvi, market experts share their top investment recommendations for this Diwali season in this special segment, Diwali Investment Idea Picks.
Sunny Agrawal of SBICAP Securities recommends buying APL Apollo shares for a one-year target of Rs 2,050.
Independent market expert Ambareesh Baliga recommends buying Grindwell Norton shares for a one-year target of Rs 2,650.
Check out the complete list of Diwali stock picks here
Image: Pexels
Share Market Today LIVE | Tata Motors, M&M, Eicher Motors among analysts' top picks
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Sacchitanand Uttekar, Rakesh Bansal, Kunal Saraogi, Sumeet Bagadia, Siddharth Sedani and Rajesh Palviya share their top stock recommendations in this special segment, Player of the Day. On the analysts' 'buy' list are stocks such as Tata Motors, REC, Eicher Motors, Mahindra & Mahindra and Polycab India.
Kunal Saraogi of Equityrush recommends buying REC shares for a target of Rs 320 with a stop loss at Rs 293.
Share Market Today LIVE | Financial, IT, auto, healthcare stocks at the forefront of rally on D-Street
HDFC Bank, ICICI Bank, Infosys, Tata Motors, Titan and Apollo Hospitals are the biggest contributors to the gain in the Nifty50 index at this moment on Dalal Street.
Take a glance at the heatmap (by weight):
Image: niftyindices.com
Share Market Today LIVE | Dr Lal PathLabs shares zoom after medical diagnostics firm stages a strong Q2 show
Dr Lal PathLabs (LALPATHLAB) shares gain by as much as Rs 162.5, or 6.6 per cent, to Rs 2,627.7 apiece on BSE, continuing to rise for a second straight session.
The stock holds on firmly to the green with a gain of 6.4 per cent at Rs 2,622 apiece on the bourse. As many as 43,000 shares have changed hands for the day on BSE so far, as against a daily average of about 5,900 recorded in the past two weeks, according to exchange data.
Read more on Dr Lal PathLabs shares
Image: lalpathlabs.com
Share Market Today LIVE | Tata Motors shares rise after Tata group auto major stages strong Q2 show
Tata Motors shares rise by as much as Rs 28.7, or 4.5 per cent, to Rs 665.5 apiece on BSE, a day after the Tata group carmaker reported a consolidated net profit of Rs 3,764 crore for the July-September period, far better than analysts' estimates.
According to Zee Business research, the Tata group auto major was estimated to report a net profit of Rs 3,400 crore for the second quarter of the current financial year. Read more on Tata Motors Q2 earnings
Image: BSEIndia.com
Share Market Today LIVE | China iPhone sales strong, Apple tells investors as Huawei threat looms
Apple shares (AAPL) ended higher by $3.6, or 2.1 per cent, at $177.6 on Thursday, after the iPhone maker said that demand for its iPhones in China was strong, trying to reassure investors who are worried it is losing ground to a newly resurgent Huawei Technologies [and other local smartphone makers.
Share Market Today LIVE | Anil Singhvi shares his strategy; market wizard sees strong buy zone in Nifty at 18,975-19,050 levels
Zee Business Managing Editor Anil Singhvi sees support for the headline Nifty index emerging at 19,075-19,125 levels and a strong buy zone at 18,975-19,050 levels today.
Share Market Today LIVE | Sensex holds on firmly to the green led by financial, IT stocks
ICICI Bank, HDFC Bank and Infosys are the top contributors to the gain in the 30-scrip index at this hour.
On the other hand, stocks like Tata Steel and NTPC are limiting the upside in Sensex.
Image: BSEIndia.com
Share Market Today LIVE | Tata Motors, Tech Mahindra, ICICI Bank, Titan, Infosys top Sensex gainers; Tata Steel, NTPC top laggards
As many as 23 stocks in the 30-scrip basket are holding on to the green, with Tata Motors being the top gainer in the pack a day after the Tata group auto giant staged a strong financial performance in Q2.
Image: BSEIndia.com
Share Market Today LIVE | Sensex jumps over 400 pts, Nifty tests 19,250 amid buying across sectors
Both headline indices rise as much as 0.6-0.7 per cent within the first few minutes of trade, with the Sensex gaining as much as 414.1 points to touch 64,495 on the upside and the Nifty adding 125.5 points to register an intraday high of 19,258.8. Financial, IT and auto stocks are the biggest contributors to the upmove on Dalal Street.
Here's how the indices have moved in early deals:
Nifty50 LIVE
Sensex LIVE
Images: BSEIndia.com, NSEIndia.com
Share Market Today LIVE | US to call on Israel to implement humanitarian pauses in Gaza
The top US diplomat planned on Friday to urge Israel to agree to multiple pauses in its war against Hamas militants in Gaza to allow humanitarian aid to enter and help people safely exit while Israel said it encircled the Palestinian enclave's biggest city. With the Hamas-Israel conflict nearing the end of its fourth week, US Secretary of State Antony Blinken was due to visit Israel on Friday for the second time in a month and meet with Prime Minister Benjamin Netanyahu and other officials. Read more on the latest in the Israel-Hamas war
Share Market Today LIVE | China's services activity picks up slightly in October: Survey
China's services activity expanded at a slightly faster pace in October, a private-sector survey showed on Friday, with sales growing at the softest rate in 10 months and employment stagnating as business confidence waned. The services sector, which provides about 48 per cent of jobs in China, enjoyed a strong rebound earlier this year but analysts say the sluggish household income growth and uncertain job market raise questions over the sustainability of the industry's growth. Read more on China services data
Share Market Today LIVE | Crude oil on track for a second back-to-back weekly loss
Crude oil rates are little changed today, heading for their second straight week of losses as the Fed leaves the door open for possible future rate hikes and worries that the Middle East conflict would disrupt supply ease.
Brent crude futures are up by six cents at $86.9 a barrel at this hour, while US West Texas Intermediate crude futures are up by 12 cents at $82.6 a barrel. Read more on crude oil price
Share Market Today LIVE | Dollar eases as traders bet Fed done with rate hikes
The dollar remained on the back foot on Friday and was on course for a weekly decline against a basket of currencies as traders wagered that the Fed was most likely done with rate increases, lifting risk sentiment. The dollar index—which measures the American currency against six rivals—was at 106.2, not far from the one-week low of 105.8 it hit on Thursday.
The index is on track to decline 0.3 per cent for the week, which could be its third back-to-back weekly loss.
Meanwhile, data released on Thursday showed the number of Americans filing new claims for unemployment benefits increased moderately last week as the labour market continued to show few signs of a significant slowdown.
Share Market Today LIVE | Dow Jones, S&P 500, Nasdaq Composite rally
The three main US equity benchmarks—the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite—rallied nearly on Thursday on hopes that the Fed has reached the end of its interest rate hiking campaign and a batch of upbeat quarterly financial updates added to the bullish mood. The US central bank held interest rates steady on Wednesday as expected, and while Chair Jerome Powell left the door open to further tightening he also acknowledged the impact of a recent surge in bond yields on the economy.
Here's where the three Wall Street indices stood at the end of the day:
- Dow Jones Industrial Average: up 564.5 points, or 1.7 per cent, at 33,839.1
- S&P 500: up 79.9 points, or 1.9 per cent, at 4,317.8
- Nasdaq Composite: up 232.7 points, or 1.8 per cent, at 13,294.2
Share Market Today LIVE | Asian shares mirror overnight rally on Wall Street amid bets on peak US interest rates
MSCI's broadest index of Asia Pacific shares outside Japan is up 1.3 per cent at this hour.
Here's how some of the indices in the region fare:
- Japan's Nikkei 225: up 1.1 per cent
- China's Shanghai Composite: up 1.0 per cent
- Hong Kong's Hang Seng: up 2.3 per cent
- South Korea's KOSPI: up 1.0 per cent
- Singapore's Straits Times: up 1.8 per cent
Share Market Today LIVE | GIFT Nifty futures up over 100 pts, indicate a gap-up start ahead on Dalal Street today
GIFT Nifty futures, an early indicator of the headline Nifty50 index, are up 109.7 points, or 0.6 per cent, at 19,359 at this hour, suggesting a sharply positive opening ahead in the domestic market.
On Thursday, both Nifty and Sensex finished 0.8 per cent higher backed by across-the-board buying. The Nifty index added 144.1 points to end at 19,133.3 and the leaner Sensex gauge settled at 64,080.9, up 489.6 points from its previous close. Read more on the November 2 session
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