The Economic Times
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Day trading guide for Wednesday
(3 Nov 2020 )
>On option front, Nifty bank is witnessing heavy put writing at lower strike price of 24500-24800 and we expect this range will act as support for any pullback. -
Wall Street gains at open on Biden victory bets
(3 Nov 2020 )
>The Dow Jones Industrial Average rose 213.64 points, or 0.79 per cent, at the open to 27,138.69. -
Kansai Nerolac Q2 Results: Net profit falls 11.5% to Rs 168 crore
(3 Nov 2020 )
>Its total income during July-September 2020 grew 4.37 per cent to Rs 1,388.02 crore, compared with Rs 1,329.88 crore in the year-ago period. -
Sebi bars Siya-Ram Agro Industries, 2 individuals from securities markets
(3 Nov 2020 )
>Sebi, in an order on Monday, also asked the company and the two individuals to stop mobilising fresh funds from investors through offer and allotment of any securities, either directly or indirectly. -
Govt starts process for strategic sale of Ferro Scrap Nigam
(3 Nov 2020 )
>The government would appoint a transaction advisor from reputed consulting firms, investment bankers or financial institutions for providing advisory services to the Department of Investment and Public A -
Sebi strengthens the role of independent directors in merger, demerger cases
(3 Nov 2020 )
>Some corporate lawyers said independent directors may find it challenging to provide such a recommendation. -
Trade Setup: Nifty’s next hurdle at 11,865, 11,915; don’t chase momentum blindly
(3 Nov 2020 )
>Nifty bounced off twice after testing these levels. Going forward, it would be crucial to watch the previous high within the range and the 11,600 level. Volatility cooled off a bit with INDIA VIX coming -
Tech View: Nifty forms long bullish candle, may try to reclaim 11,950
(3 Nov 2020 )
>Nifty has its immediate support at 11,740 level. -
Market Movers: Bank stocks surge, RIL drags; 76 stocks flash buy signals
(3 Nov 2020 )
>Index heavyweight Reliance Industries RIL continued its southward journey after the meltdown in the previous session. The stock is now down 10 per cent in two sessions. Sensex ended the day 504 points hi -
Debt funds won't give stellar returns like in the past: Naren
(3 Nov 2020 )
>Most analysts are of the view that we have reached towards the end of the rate cycle, and there may be very little scope for the RBI to cut rates further. -
F&O: India VIX eases 3.85%, Nifty range widens to 11,400-12,000
(3 Nov 2020 )
>India VIX fell 3.85 per cent from 25.21 to 24.24 levels. However, volatility is rising since the last four weeks and needs to cool down for the market to stabilise ahead of the US election outcome. -
Muthoot Finance Q2 results: Net profit rises 2.5% to Rs 931 cr
(3 Nov 2020 )
>Total income grew 17.4 per cent to Rs 2,824.19 crore during July-September period of 2020-21 from Rs 2,406.39 crore in the same period of 2019-20, Muthoot Finance said in a regulatory filing. -
JSW Energy Q2 results: Net profit remains almost flat at Rs 352 cr in Sep quarter
(3 Nov 2020 )
>The total income declined to Rs 1,999.52 crore in the second quarter, from Rs 2,231.85 crore in the same period last year. -
IIFL Finance Q2 Results: Profit jumps over two-fold to Rs 212 crore
(3 Nov 2020 )
>The companys total income consolidated increased by 30.2 per cent to Rs 1,515.30 crore in the July-September period of 2020-21 as against Rs 1,163.04 crore in the year-ago period, IIFL Finance said in a -
Eris Lifesciences Q2 results: Net profit up 16% at Rs 108 cr
(3 Nov 2020 )
>Total revenue from operations stood at Rs 329.99 crore for the quarter under consideration. It was Rs 284.79 crore for the same period year ago, it added. -
Day trading guide: Nifty to trade within 11,600-12,000 range
(3 Nov 2020 )
>Improvement in the Nifty-breadth and Sectoral breadth infers renewed buying interest in selected stocks. Higher price volatility is likely to stay here due to Global important events. -
BSE executes physical deliveries of gold under India Good Delivery standard
(3 Nov 2020 )
>The options in goods contracts on gold mini and silver kg based on spot prices was launched from June 1, 2020. These contracts are converted into physical delivery on expiry. -
Deepak Fertilizers sees over 3-fold jump in Q2 profit
(3 Nov 2020 )
>The company had posted a net profit of Rs 25.50 crore in the same quarter of the previous financial year, according to a regulatory filing. -
US elections: How should investors play the ambiguity?
(3 Nov 2020 )
>Some analysts believe, if you still want to dabble in stocks, make sure you are not taking any kind of leverage and if possible hedge your bets extensively. -
Adani Ports Q2 Results: Consolidated net profit up 32% YoY at Rs 1,394 crore
(3 Nov 2020 )
>EBITDA of the company increased by 136 per cent YoY to Rs 2,229 crore. -
Rs 1.15 lakh crore added! Private lenders drive Sensex 500 pts higher
(3 Nov 2020 )
>Firm global cues, improvement in PMI index and expectation of a favourable verdict from the Supreme Court in loan moratorium case supported the sentiments on D-Street. -
Sanjay Bakshi’s tips on how to benefit from Covid-19 crisis
(3 Nov 2020 )
>Fundoo professor Sanjay Bakshi said black swan events teach us to be more frugal. -
Dabur Q2 results: Net profit up 20.6%; e-commerce business up 200%
(3 Nov 2020 )
>Dabur chief executive Mohit Malhotra attributed the numbers to focus on its core healthcare portfolio, investments behind power brands and distribution expansion. -
Credit Suisse turns neutral on IT sector, underweight on healthcare
(3 Nov 2020 )
>Post a 37% bounce, the relative P/E is now the highest since 2013, and the gains going forward are likely to be growth-dependent, which appears unlikely to break out of the 10-12% range, said Credit Suis -
Sebi introduces code of conduct for mutual fund managers, dealers
(3 Nov 2020 )
>In a notification dated October 29, Sebi said that chief executive officer CEO of the AMC will be responsible to ensure that the code of conduct is followed by fund managers and dealers. -
PNB plans to raise Rs 7,000 crore from QIP in December
(3 Nov 2020 )
>India’s second largest bank saw credit growth picking up marginally through the second half of this fiscal while it expected the figure to be below 5 per cent for the whole year. -
Sun Pharma Q2 Results: Net profit jumps 70% to Rs 1,813 crore, beats St estimates
(3 Nov 2020 )
>Sun Pharma shares traded 2.78 per cent higher at Rs 482.25 after the announcement of its quarterly results. -
Brokerages see up to 50% upside in this Nifty50 stock
(3 Nov 2020 )
>Antique Stock Broking maintained ‘Buy’ rating on NTPC with a target price of Rs 130, indicating an upside of 48 per cent from the current market price of Rs 87.75. -
Analysis: Investors brace for another wild ride on US Election Night
(3 Nov 2020 )
>The chief executive of hedge fund Hercules Investments has set up a trading strategy geared to benefit from a momentary spike in volatility he believes will occur when investors adjust their positions in -
PNB Q2 results: Profit falls 18% to Rs 621 crore
(3 Nov 2020 )
>The banks operating profit grew 7 per cent at Rs 5675 crore on nearly flat business growth. -
World’s best-performing airline stock is bankrupt Indian carrier
(3 Nov 2020 )
>Stock in Mumbai-listed Jet Airways India Ltd. has surged almost 150% this year versus a 42% plunge in the 27-member Bloomberg World Airlines Index, which comprises the globe’s biggest carriers. -
Australia shares gain 2% as cenbank trims rates, expands bond buying
(3 Nov 2020 )
>The Reserve Bank of Australia trimmed interest rates to near zero on Tuesday and expanded its bond-buying programme, as widely expected, a much-needed salve to aid economic recovery from the countrys wor -
China shares end higher, boosted by financial, material stocks
(3 Nov 2020 )
>The smaller Shenzhen index ended up 1.19% and the start-up board ChiNext Composite index was higher by 1.33%. -
Godrej Properties Q2 results: Net profit down 78% YoY
(3 Nov 2020 )
>The company has sold 1,373 apartments with a total booking value of Rs 1,074 crore in the quarter ended September. -
Stock market update: MidCap stocks advance; Jindal Steel & Power leaps nearly 6%
(3 Nov 2020 )
>The SP BSE MidCap index was trading 0.44 per cent up at 15024.76. -
ICICI Bank, Vedanta among 50 stocks that look set to rally, suggests MACD
(3 Nov 2020 )
>The momentum indicator signalled bullish crossovers — a sign of bullish undertone — on these counters, hinting at possible upsides in the days ahead. -
Stock market update: BSE Consumer Durables index up 1%; Titan climbs 3%
(3 Nov 2020 )
>The index was trading 1.67 per cent up at 24402.77.