Sensex Today Live: Amid negative cues from the global markets and ahead of US inflation data, key equity indices opened in the red on Thursday, dragged by the index heavyweight Reliance, banking, auto and IT stocks.At 9.17 am, the BSE Sensex was trading 327 points or 0.54% lower at 60,706. Nifty50 was trading at 18,052, down 104 points or 0.58%.“The market is delicately poised awaiting the crucial US inflation data expected today. A lower than expected CPI number will be a trigger for a rally in markets globally. Conversely, if the inflation print is higher than expectations that can trigger a renewed risk-off in markets,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.Among Sensex stocks, Axis Bank, Tech Mahindra, M&M, UltraTech Cement, Maruti and Tata Steel were the top losers, falling around 1-2.5%. HDFC, Reliance, HDFC Bank, Asian Paints and ICICI Bank also opened lower. However, Bharti AIrtel, Dr Reddy’s Labs, HUL, Power Grid Corp, HCL Tech and Nestle opened with gains.Sectorally, the Nifty Auto fell 1.32% and Nifty Consumer Durables plunged 0.57%. While Nifty Pharma and Nifty Healthcare index opened higher. Whereas, in the broader market, Nifty Midcap50 fell 0.08% and Smallcap50 plunged 0.16%.
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Following sluggish global markets, the cautious mood persisted in the domestic market. Losses on the Dalal Street were led by profit booking in auto and PSU banks, while selling in mid and small caps followed the trend. Investors around the globe are awaiting US inflation data, which is expected to slow for the fourth month, which can have a positive lead.
– Vinod Nair, Head of Research at Geojit Financial Services
All sectors end in the red
CLOSING BELL: Sensex ends with cuts for 2nd session, falls 420 pts; Nifty below 18,050; M&M, Bajaj Finserv crack 3% each
LT Foods Ltd on Thursday said it has raised nearly Rs 390 crore by selling shares to Saudi Agricultural and Livestock Investment Company (SALIC) through private placement. In a regulatory filing, the company informed that its board has approved issuance and allotment by way of a preferential allotment on a private placement basis up to 27,408,164 equity shares at a price of Rs 142.23 per share for cash consideration of up to Rs 389.82 crore.
Price as on 10 Nov, 2022 03:11 PM, Click on company names for their live prices.
STOCKS IN NEWS | Aurobindo Pharma Says: Arrest of P Sarath Chandra Reddy not in any way connected with company’s operations
Price as on 10 Nov, 2022 02:48 PM, Click on company names for their live prices.
European stocks drop at open, before US inflation data
London’s benchmark FTSE 100 index fell 0.5 percent to 7,263.45 points.
In the eurozone, Frankfurt’s DAX index shed 0.4 percent to 13,605.60 points and the Paris CAC 40 lost 0.5 percent to 6,396.33.
KFin Technologies gets Sebi nod to float Rs 2,400-cr IPO
The Company is one of the leading Indian Offset Partners (IOP) & among the top Indian players for the manufacture of electronic sub-systems and cable harnesses in the defense and aerospace sector, thus making it a proxy play on the rising indigenous manufacturing in the defense industry. The issue had received a good response from investors both the institutional as well as Retail side, and the current GMP is 70 i.e. ~ 32% over its issue price. Nevertheless, there are concerns with the company like high dependence on key customers, the majority of the revenue from low margin built to print offset defense contracts, the regulated nature of the industry, high debt to equity, and high working capital requirements. Therefore, we advise investors to lock in listing gains and only aggressive investors should consider making a long-term commitment to the company.
– Pravesh Gour, Senior Technical Analyst, Swastika Investmart
Q2 RESULTS | TVS Srichakra
#EarningsWithETNOW | TVS Srichakra Q2FY23 – PAT at Rs 38 cr vs Rs 25 cr – Revenue from operations at Rs 834 cr vs… https://t.co/8MwUbpC96S
— ET NOW (@ETNOWlive) 1668068115000
Bank stocks see profit taking, tank up to 9%
Price as on 10 Nov, 2022 01:38 PM, Click on company names for their live prices.
Q2 EARNINGS | Paisalo Digital
#EarningsWithETNOW | Paisalo Digital Q2FY23 (Consolidated) ~ Cons PAT Rs 24.19 cr vs Rs 21.36 cr ~ Cons revenue… https://t.co/UMOfyB70jE
— ET NOW (@ETNOWlive) 1668066331000
Aurobindo Pharma Ltd learnt its director P. Sarath Chandra Reddy had been arrested by the country’s federal financial crime agency, the drugmaker said in an exchange filing on Thursday. Several media reports also said French spirits giant Pernod Ricard’s Benoy Babu, an executive at its India business, was also arrested by the Enforcement Directorate (ED) under sections of the Prevention of Money Laundering Act (PMLA).
Price as on 10 Nov, 2022 12:55 PM, Click on company names for their live prices.
BEL signs MoU with Goa Shipyard
Price as on 10 Nov, 2022 12:50 PM, Click on company names for their live prices.
NIFTY SLIPS BELOW 18,000
Tokyo shares close lower after US falls
Tokyo stocks closed lower Thursday after falls on Wall Street as traders digested US election results and crypto upheaval. The benchmark Nikkei 225 index lost 0.98 percent, or 270.33 points, to 27,446.10, while the broader Topix index ended down 0.66 percent, or 12.83 points, at 1,936.66. “Risk-aversion sentiment was seen weighing on the Japanese market,” Resona Bank said in a note, after US shares faced pressure as the Democrats did better than expected in midterm elections, although the US Congress will likely be divided, with Republicans expected to control the House of Representatives.
Market LIVE Updates: Future Consumer net loss widens to Rs 142 crore vs Rs 25 crore YoY
Price as on 10 Nov, 2022 12:13 PM, Click on company names for their live prices.
Dilip Buildcon Limited, which is constructing the new Zuari bridge, said that the first phase of a cable-stayed bridge termed as India’s widest bridge is almost complete and the entire eight-lane project will be completed by April, 2023.
Price as on 10 Nov, 2022 12:03 PM, Click on company names for their live prices.
Q2 EARNINGS: WESTLIFE FOOD
#StocksInNews | West Life Foodworld Q2: Sales at Rs 572 cr, up 49% YoY and 6% QoQ #WestLifeFoodworld #StockMarket… https://t.co/cgPuuUsAPM
— ET NOW (@ETNOWlive) 1668058727000
Eicher, Zomato & Apollo Hospitals trade lower ahead of Q2 show
Price as on 10 Nov, 2022 11:58 AM, Click on company names for their live prices.
Allcargo Logistics Q2 PAT falls 13% to Rs 230 cr
Allcargo Logistics has reported a 13 per cent fall in consolidated Profit After Tax (PAT) at Rs 230 crore for the quarter ended September 30, 2022. The company’s consolidated PAT in the year-ago period was Rs 263 crore, as per a regulatory filing. The income from operations rose 6.5 per cent to Rs 5,300 crore in the reporting quarter as against Rs 4,978 crore in the second quarter of FY22, as per the filing.
PSP Projects bags civil construction work for expansion of existing plant from a repeat client worth Rs 200 crore (excluding GST) in industrial category. With receipt of the above orders, the total order inflow for the financial year 2022-23 till date amounts to Rs 1,711.58 crore.
Price as on 10 Nov, 2022 11:23 AM, Click on company names for their live prices.
Pidilite Industries reported a decline of 10.06 per cent in consolidated net profit at Rs 337.75 crore for the second quarter of FY23 on account of raw material inflation and high-priced inventory. It had logged a profit of Rs 375.53 crore in the July-September quarter a year ago.
Price as on 10 Nov, 2022 11:08 AM, Click on company names for their live prices.
“Markets are supported by strong domestic flows; Structurally positive on India for the long term,” says Pratik Gupta of Kotak Equities in an interview with ET Now
#BeatTheStreet | "Markets are supported by strong domestic flows; Structurally positive on India for the long term,… https://t.co/hFB17oXm1y
— ET NOW (@ETNOWlive) 1668054027000
Sequoia Capital India divested 3.28 per cent or 15,60,000 equity shares in the paint manufacturer Indigo Paints at an average price of Rs 1,343.82-Rs 1,343.65 apiece, taking the transaction value to Rs 209.62 crore, the bulk deal data showed.
Price as on 10 Nov, 2022 10:50 AM, Click on company names for their live prices.
ED arrested Aurobindo Pharma’s Sharath Reddy in money laundering case linked to the liquor trade in the investigation being conducted by the Enforement Directorate in the now-scrapped Delhi Excise policy case.
Price as on 10 Nov, 2022 10:49 AM, Click on company names for their live prices.
Nifty Auto down 1.73%;Tata Motors, Maruti, M&M down
Price as on 10 Nov, 2022 10:45 AM, Click on company names for their live prices.
Realty firm Prestige Estates Projects reported an 80 per cent increase in its consolidated net profit at Rs 140.7 crore in the September quarter of this fiscal year. Its net profit stood at Rs 78.3 crore in the year-ago period.
Price as on 10 Nov, 2022 10:40 AM, Click on company names for their live prices.
New Delhi: The Rs 858 crore-initial public offering (IPO) of Kaynes Technology kicked off for subscription on Thursday, November 10. The company is selling its shares in the range of Rs 559-587 apiece. Incorporated in 2008, Mysore (Karnataka) based Kaynes Technology is an end-to-end and IoT solutions-enabled integrated electronics manufacturing company. On the block, the issue consists of issuance of fresh equity shares worth Rs 530 crore whereas existing shareholders and promoters will offload 55,84,664 equity shares from their shareholding via offer for sale (OFS).
Shares of drug maker Lupin rallied as much as 8.62% to Rs 753.90 in Thursday’s intraday trade on BSE after the company said its consolidated net profit stood at Rs 130 crore for the second quarter ended September 30, 2022. It had reported a net loss of Rs 2,098 crore in the July-September period of the previous fiscal. The stock is now trading 5% up
Price as on 10 Nov, 2022 10:21 AM, Click on company names for their live prices.
How has the 137 year old group changed with time? The first-ever TV interview of Mohit Burman as Dabur India Chairman!
#MEGAExclusive | 1st ever TV interview of Mohit Burman as @DaburIndia Chairman! What is the game plan for Religa… https://t.co/5oYXbNhodm
— ET NOW (@ETNOWlive) 1668053151000
Balrampur Chini Mills approves Rs 145.44 crore share buyback at 9% premium
Price as on 10 Nov, 2022 10:12 AM, Click on company names for their live prices.
Piramal Enterprises shares down 6.54% after the financial services arm of the Piramal group reported a net loss of Rs 1,536 crore in the second quarter of the current financial year. The quarterly report includes the numbers of Dewan Housing Finance Corporation (DHFL) which it had acquired in September 2021 through the insolvency process.
Price as on 10 Nov, 2022 10:05 AM, Click on company names for their live prices.
Adani Ports and Special Economic Zone has acquired 49.38 per cent stake in Indian Oiltanking Ltd – developer and operator of liquid storage facilities – for Rs 1,050 crore.
Price as on 10 Nov, 2022 10:00 AM, Click on company names for their live prices.
Stock Market Live Updates: Nifty Pharma up 0.77%; Lupin up 5.88%
Price as on 10 Nov, 2022 09:47 AM, Click on company names for their live prices.
The government is examining possible changes to the capital gains tax regime to make it simpler, including rationalisation of the multiple holding periods, officials said. Parity within asset classes will be a key consideration in the review that may even consider changes in the tax rate.
Narayana Hrudayalaya stocks surged 5.45% as the healthcare player reported a 71 per cent increase in consolidated profit after tax at Rs 169 crore for the second quarter ended September 2022, riding on the back of robust performance across units. It had posted a profit after tax (PAT) of Rs 99 crore in the July-September period of the previous fiscal.
Price as on 10 Nov, 2022 09:36 AM, Click on company names for their live prices.
Buy or Sell: Stock ideas by experts for November 10, 2022
FMCG major Hindustan Unilever and healthcare firm GSK have mutually decided to terminate their agreement for selling of Over-the-Counter (OTC) and oral care products. The agreement was for brands such as Crocin, Eno, Iodex, Ostocalcium, Otrivin, and Sensodyne, which were owned by GSK.
Price as on 10 Nov, 2022 09:34 AM, Click on company names for their live prices.
The government, through the Specified Undertaking of the Unit Trust of India or SUUTI, would sell 46.5 million shares or entire 1.55% stake in private lender Axis Bank for two days on November 10-11 through an OFS at a floor price of Rs 830.63.
Price as on 10 Nov, 2022 09:32 AM, Click on company names for their live prices.
Stock Market Live Updates: Another 1.4 crore Nykaa shares change hands via block deal
Price as on 10 Nov, 2022 09:29 AM, Click on company names for their live prices.
Tata Motors narrowed its consolidated net loss to Rs 945 crore for the second quarter ended September, as sales picked up in marquee brand Jaguar Land Rover and across domestic as well as commercial vehicle segments. It had reported a net loss of Rs 4,442 crore in the July-September period of the last fiscal.
Price as on 10 Nov, 2022 09:27 AM, Click on company names for their live prices.
Market View: Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
An important event unfolding in the market now is the ending of the lock-in period of some new-age tech companies. Some of the initial investors in these famous start-ups, who invested early at low prices, may choose to exit. The consequent high volatility can provide opportunities for long-term investors. Even though it is difficult to value many of these stocks, they have a long runway of growth and the successful ones will turn out to be big wealth creators. Watch out for this opportunity.
Stocks in focus: Lupin, Balrampur Chini, Divi’s Lab and more
Nykaa Block Deal: 1.1 crore shares change hands
Price as on 10 Nov, 2022 09:21 AM, Click on company names for their live prices.
Opening Bell: Sensex falls 200 points, Nifty slips below 18,100; Tata Motors tanks 4%, Lupin jumps 5%
Pre-open session: Sensex slips over 450 points; Nifty below 17,990
Asian shares fall ahead of U.S. CPI, crypto worries mount
Asian share markets were tense on Thursday and the dollar held on to its overnight gains before the big test of a U.S. consumer inflation report, while market sentiment took a dive as the likely collapse of a major crypto exchange spooked investors.
Oil falls for a fourth day as China COVID concerns grow
Oil prices fell for a fourth day on Thursday on concerns that new COVID curbs in China, the world’s biggest crude importer, will impact fuel demand. Brent crude futures fell 34 cents, or 0.4%, to $92.31 a barrel at 0115 GMT. U.S. West Texas Intermediate (WTI) crude futures were down 31 cents at $85.52 a barrel.
Tokyo shares open lower after Wall Street drops
Tokyo stocks opened lower Thursday, with investors discouraged by falls on Wall Street as traders digested US election results and crypto upheaval. The benchmark Nikkei 225 index lost 1.02 percent, or 283.72 points, to 27,432.71 in early trade, while the broader Topix index fell 0.84 percent, or 16.28 points, to 1,933.21.
Quarterly earnings today
Adani Green Energy, Eicher Motors, Apollo Hospitals, Berger Paints, Page Industries, Jindal Steel & Power and Zomato are among companies that will announce their quarterly earnings today.
SGX Nifty signals a negative start
Nifty futures on the Singapore Exchange traded 56.5 points, or 0.31 per cent, lower at 18,137, signaling that Dalal Street was headed for a negative start on Thursday.
Tech View: Nifty forms a long bear candle
After making higher highs for the last three trading sessions, Nifty on Wednesday formed a long bear candle, indicating the inability of bulls to sustain the highs.
Wall Street ends lower after midterm election
Wall Street ended sharply lower on Wednesday as Republican gains in midterm elections appeared more modest than some expected, with investors also focusing on upcoming inflation data that will provide clues about the severity of future interest rate hikes
Rupee rises 45 paise to 81.47 against US dollar
The rupee appreciated by 45 paise to close at 81.47 against the US dollar on Wednesday amid fall in crude oil prices, dollar weakness and sustained foreign fund inflows.
Sensex, Nifty on Wednesday
The 30-share Sensex ended 151 points lower at 61,033 while its broader peer Nifty 50 ended just above the 18,150 level.