sensex today: Stock Market LIVE Updates: Sensex over 60,200; Nifty around 18,200; Nifty Bank hits record high; Realty shines; Pharma drags; Care Ratings surges 7%, PB Fintech 5%

Amid mixed cues from the global market and Indian rupee strengthening, benchmark equity indices opened higher on Wednesday, led by the banking, IT and FMCG stocks.At 9.16 am, the BSE Sensex was trading 251 points or 0.41% higher at 61,436. Nifty50 was trading at 18,259, up 56 points or 0.31%.“The strong momentum and favourable sentiments in the market can take the Nifty to record highs soon. The favourable tailwind from the mother market US and the sustained FII buying are strong positives. If the US CPI numbers due tomorrow indicate moderation in inflation, that would be a powerful trigger to push the market higher,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.“Since India is the best performing large market in the world this year, FIIs can’t afford to miss the rally. This is the reason why FIIs have been sustained buyers during the last 8 trading sessions with a total buy figure of Rs 16670 crores. The dip in the dollar index below 110 will nudge FIIs to buy more,” Vijayakumar added.Among Sensex stocks, Dr Reddy’s Labs, Nestle, HCL Tech, IndusInd Bank, Infosys, Kotak Bank, L&T and ITC were the top gainers, rising about 0.5-1.5%. Sun Pharma, Wipro, UltraTech Cement, Axis Bank, Asian Paints and Tata Steel also opened higher. However, Tech Mahindra, Power Grid Corp, Bajaj Finance, HDFC and HDFC Bank opened with cuts.

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National Asset Reconstruction Company of India (NARCL), the bad bank promoted by the government, has withdrawn its offer to acquire the debt of GTL, on the grounds that it would not be able to match lenders’ expectations, said two people aware of the development.

Price as on 09 Nov, 2022 10:44 AM, Click on company names for their live prices.

Kalyani Strategic Systems Limited, a wholly-owned subsidiary of Bharat Forge, has been awarded an export order for Artillery Gun platform to be executed over a 3-year timeframe. The total value of the order is $155.50 million.

Price as on 09 Nov, 2022 10:31 AM, Click on company names for their live prices.

Nifty IT down 0.05%; Tech M, TCS in red; Infosys, Wipro, HCL Tech in green

Price as on 09 Nov, 2022 10:30 AM, Click on company names for their live prices.

TVS Motor Company signs MoU with Amazon India to scale EV deployment

Price as on 09 Nov, 2022 10:28 AM, Click on company names for their live prices.

Shares of Aditya Birla Group led Hindalco fell as much as 4.32% to Rs 418.60 in Wednesday’s intraday trade on BSE after Novelis Inc, the wholly-owned subsidiary of Hindalco reported a 23% fall in net income to $183 million for the quarter ended September 30. Novelis Inc had posted a net income of $237 million in the corresponding period of the previous fiscal, Hindalco said in a BSE filing.

Price as on 09 Nov, 2022 10:16 AM, Click on company names for their live prices.

Policybazaar parent PB Fintech posted a consolidated loss of Rs 186.63 crore for the quarter ended September 30, 2022, narrowing from a loss of Rs 204.44 crore in the corresponding quarter of the last fiscal. Revenue from operations at Rs 573.5 crore was up 105 per cent YoY.

Price as on 09 Nov, 2022 10:06 AM, Click on company names for their live prices.

Shares of Coal India in Monday’s session climbed to new 52-week high of Rs 261 after gaining 4.59% in early trade. In the previous session, shares of the company closed at Rs 249.55 apiece on the NSE. The largest coal producer globally on Monday reported a 106% year-on-year (YoY) gain in its Q2 profit at Rs 6,044 crore. In the same quarter during the year ago period, the PAT was at Rs 2933 crore

Price as on 09 Nov, 2022 10:04 AM, Click on company names for their live prices.

“Positive on AMCs and brokerage firms; Neutral to positive on IT. and pharma,” says Aman Chowhan of Abakkus Investment in an interview with ET Now

The Piramal Enterprises board has approved raising of up to Rs 650 crore by issuing bonds. The size of the issue is up to Rs 50 crore with an option to retain over subscription of up to Rs 600 crore.

Price as on 09 Nov, 2022 09:57 AM, Click on company names for their live prices.

India’s balance of payments may slip into $45-50 bn deficit

India’s balance of payments is likely to slip into a $45-50 billion deficit in the current fiscal year, according to an internal assessment by the finance ministry. This order of forex outflow may keep the rupee under pressure but the Centre is confident the deficit can be managed comfortably with foreign exchange reserves at a healthy $531 billion.

Bank Nifty at record high; IndusInd Bank up 2%

Price as on 09 Nov, 2022 09:54 AM, Click on company names for their live prices.

Ceat’s consolidated net profit declined by 86 per cent to Rs 6 crore for the second quarter ended September due to higher expenses. The company had posted a net profit of Rs 42 crore in the July-September period of previous fiscal.

Price as on 09 Nov, 2022 09:49 AM, Click on company names for their live prices.

Bharat Electronics has signed a memorandum of understanding (MoU) with Delhi Metro Rail Corporation (DMRC) for jointly developing the indigenous communication-based train control system.

Price as on 09 Nov, 2022 09:48 AM, Click on company names for their live prices.

Buy or Sell: Stock ideas by experts for November 09, 2022

One97 Communications, the Digital financial services firm, which owns Paytm brand, reported widening of consolidated loss to Rs 593.9 crore in the second quarter ended September 30, 2022 The company had posted a loss of Rs 481 crore in the same period a year ago.

Price as on 09 Nov, 2022 09:27 AM, Click on company names for their live prices.

The strong momentum and favourable sentiments in the market can take the Nifty to record highs soon. The favourable tailwind from the mother market US and the sustained FII buying are strong positives. If the US CPI numbers due tomorrow indicate moderation in inflation, that would be a powerful trigger to push the market higher. Since India is the best performing large market in the world this year, FIIs can’t afford to miss the rally. This is the reason why FIIs have been sustained buyers during the last 8 trading sessions with a total buy figure of Rs 16670 crores. The dip in the dollar index below 110 will nudge FIIs to buy more. Nifty is likely to face a significant correction only after crossing the all-time high 18604.

– Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

Top Movers

Price as on 09 Nov, 2022 09:24 AM, Click on company names for their live prices.

Stocks in focus: Coal India, CEAT, Affle India, Tata Motors, Godrej Properties, and more

OPENING BELL: Sensex rises 130 points; Nifty Bank hits record high; Care Ratings surges 7%, PB Fintech 5%

OPENING BELL: Sensex rises 130 points; Nifty Bank hits record high; Care Ratings surges 7%, PB Fintech 5%

BANK NIFTY HITS RECORD HIGH IN PRE-OPEN TRADE

BANK NIFTY HITS RECORD HIGH IN PRE-OPEN TRADE

Pre-open session: Sensex rises 90 points; Nifty above 18,260

RUPEE GAINS PAST 81.5 VS US DOLLAR

RUPEE GAINS PAST 81.5 VS US DOLLAR

Asia stocks advance as investors await US midterm election results

Asian shares rose and the dollar wobbled on Wednesday as investors awaited U.S. inflation data as well as the results of the U.S. midterm elections that could signify a power shift in Washington.

SGX Nifty signals a positive start

Nifty futures on the Singapore Exchange traded 46.5 points, or 0.25 per cent, higher at 18,394, signaling that Dalal Street was headed for a positive start on Wednesday.

Quarterly earnings today

Tata Motors, Pidilite Industries, Star Health, Godrej Properties, Lupin, Petronet LNG and APL Apollo Tubes are among companies that will announce their quarterly earnings today.

Tech View: Nifty charts hint at indecisiveness.

Headline equity index Nifty on Monday formed a Doji-type candlestick on the daily charts as it ended the session 0.47% higher and above the 18,200 mark. With an upper and long lower shadow, charts indicate indecisiveness between bulls and bears.

Tokyo stocks open higher

Tokyo stocks opened higher on Wednesday with investors encouraged to buy after rallies on Wall Street as the US midterm elections dominate attention. The benchmark Nikkei 225 index was up 0.15 percent, or 41.56 points, at 27,913.67, while the broader Topix index added 0.05 percent, or 1.00 points, to 1,958.56.

Wall Street ends higher as investors eye U.S. midterms

Wall Street ended higher on Tuesday during voting in midterm elections that will determine control of the U.S. Congress, with investors betting on a political stalemate that could prevent major policy changes.

Oil steadies after 3% drop on demand fears

Oil prices were mostly unchanged in early trade on Wednesday, after sliding 3% in the previous session on worries about demand stalling on potential new lockdowns in top oil importer China as COVID-19 cases rebound.

Rupee rises 43 paise to 81.92 against US dollar

The rupee appreciated by 43 paise to close at 81.92 against the US dollar on Monday amid a weak greenback overseas and sustained foreign fund inflows.

Sensex, Nifty on Monday

While the Sensex ended 235 points higher at 61,185, Nifty managed to end the day above the 18,200 mark, led by gains in banks, auto and metal stocks.

Good morning, dear reader! Here’s something to kickstart your trading day

Good morning, dear reader! Here's something to kickstart your trading day





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