Stock Market Live Updates: Sensex, Nifty at day’s low; auto, PSU bank indices rally; Sapphire Foods IPO retail portion fully booked – The Economic Times

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Domestic stocks traded on a muted note. Buying momentum in select pockets such as ICICI Bank, L&T and Bajaj Finance was overshadowed by selling in shares of the HDFC twins, Infosys and Kotak Mahindra Bank, among others. Cues from Asia were largely mixed. Even as US stocks closed at record highs overnight, the gains were modest at best. Back home, there were some concerns over persistent foreign outflows, which stood at Rs 5,103 crore so far in November. Broader markets gained while the sectoral trend was mixed, with auto leading and FMCG & financials lagging.

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Gold, silver spot prices

Gold, silver spot prices

Top 5 losers in afternoon session

Price as on 09 Nov, 2021 02:55 PM, Click on company names for their live prices.

JSW STEEL: Crude Steel production grew by 6% for Oct

JSW STEEL: Crude Steel production grew by 6% for Oct

Rather than living with the illusion of timing the investments, it is better to have a disciplined approach with well planned asset allocations to reach desired financial goals. Investment through SIPs should continue. For any lump sum investment, a staggered approach over 6 months could be considered.

– Swati Kulkarni, EVP & Fund Manager – Equity of UTI Mutual Fund

Earnings Impact: M&M trades 2 per cent higher

Price as on 09 Nov, 2021 01:38 PM, Click on company names for their live prices.

Q2 EARNINGS: M&M

> Revenue at Rs 13,305 crore vs ET NOW poll Rs 12,446 crore
> Margin at 12.47% vs ET NOW poll of 12.8%
> Hope to maintain volume growth momentum Q3 onwards

Tata Motors DVR, Sobha among stocks that hit fresh 52-week highs

Price as on 09 Nov, 2021 01:17 PM, Click on company names for their live prices.

Bharat Forge board to consider Q2 numbers & dividend on Nov 12

Price as on 09 Nov, 2021 01:04 PM, Click on company names for their live prices.

ALERT: Nykaa shares to list on bourses on Nov 10

(Source: Agencies)

ALERT: Nykaa shares to list on bourses on Nov 10

TVS MOTOR: Says no negotiation taking place to raise up to $500 mn for EV unit (Source: Agencies)

Price as on 09 Nov, 2021 12:31 PM, Click on company names for their live prices.

MRF recommends Rs 3 dividend

Price as on 09 Nov, 2021 12:30 PM, Click on company names for their live prices.

SAPPHIRE FOODS IPO: Issue subscribed 25%; retail portion sails through

Source: BSE

SAPPHIRE FOODS IPO: Issue subscribed 25%; retail portion sails through

BRITANNIA CONCALL

> EBITDA margin to be flat in current quarter
> Will take 10% price hike by March end
> Part of price increases already undertaken
> One-third of hike via pricing, rest via grammage cut

(Source: Informist)

NEWS ALERT: Praj Industries inks MoU with Indian Oil for accelerating transition to cleaner skies through production of Alcohol to Jet fuels

Price as on 09 Nov, 2021 11:43 AM, Click on company names for their live prices.

M&M gains, PowerGrid falls ahead of Q2 earnings

Price as on 09 Nov, 2021 11:38 AM, Click on company names for their live prices.

Sobha jumps 10% on robust Q2 earnings

Shares of realty firm Sobha jumped as much as 10 per cent in early trade in Mumbai on Tuesday as the company posted a close to three-fold jump in consolidated net profit in the July-September quarter to Rs 48.3 crore on a year-on-year basis. The company’s scrip touched a high of Rs 980 versus the previous close of Rs 885.20 on the National Stock Exchange.

These stocks defy market mood, gain up to 10%

Price as on 09 Nov, 2021 11:02 AM, Click on company names for their live prices.

IPO UPDATE: Paytm subscribed 21% so far on Day 2

IPO UPDATE: Paytm subscribed 21% so far on Day 2

LUPIN: The company has voluntarily recalled specific batches of Gatifloxacin Ophthalmic Solution, 0.5% to the retail level. This recall does not have a material impact on the revenues or profitability of the Company.

Price as on 09 Nov, 2021 10:34 AM, Click on company names for their live prices.

FORCE MOTORS: Co Oct domestic & export at 1738 units vs 1584 units (YOY)

FORCE MOTORS: Co Oct domestic & export at 1738 units vs 1584 units (YOY)

Sapphire Foods IPO opens: Here’s what brokerages recommend

Despite reporting losses for the last few years, analysts are suggesting investors to subscribe to the issue. They are firm on the bullish prospects of the company and competitive valuations, which leaves some value on the table for investors.

Sapphire Foods IPO opens: Here's what brokerages recommend

Rupee opens at 73.90/$ Vs Monday’s close of 74.02/$

>> Rupee rises to the highest level against the dollar since September 28

Sector Watch: Nifty Auto top sectoral performer at this hour

Sector Watch: Nifty Auto top sectoral performer at this hour

AUROBINDO PHARMA: CO in conference call says Auro Life plant is currently getting inspected by US FDA

Price as on 09 Nov, 2021 09:53 AM, Click on company names for their live prices.

MARKET VIEW: Large-caps a safer bet for next year

Investors have to always remember the fact that this bull run is global with India outperforming. In the mother market US, S&P 500 is up 25% YTD and in India, Nifty is up by 29% YTD. The correlation between markets is very high globally. Therefore, a correction also is likely to be global. There are no visible triggers for a correction presently.

FIIs, who used to dictate market trends, are now playing second fiddle in Indian markets with DIIs and retail investors calling the shots. Big FII selling in July (Rs 11308 cr) and October (Rs 13550 cr) didn’t impact the market. Yesterday FII selling of Rs 861 cr was overwhelmed by the DII buying of Rs 1912 cr. So long as this trend continues, markets will remain resilient despite high valuations.

An important feature of DII activity now is buying in large caps. There is a near consensus that the returns in 2022 will be modest and therefore, safety will be in performing large-caps.

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

Vodafone Idea, Tata Power among most active stocks on NSE

Price as on 09 Nov, 2021 09:27 AM, Click on company names for their live prices.

OPENING BELL: Sensex drops 50 points, Nifty50 flat; Sobha jumps 8%, Britannia tanks 4%

OPENING BELL: Sensex drops 50 points, Nifty50 flat; Sobha jumps 8%, Britannia tanks 4%

Pre-open session: Sensex gains 175 points, Nifty at 18,030

‘Fast money’ drives Bitcoin, ether to new record highs

Bitcoin and ether made record peaks in Asia trade on Tuesday as enthusiasm for cryptocurrency adoption and fears about inflation lent support to the asset class. Bitcoin rose as high as $67,803 and ether , the second-biggest cryptocurrency by market value, hit $4,825 in early Asian hours. Both have more than doubled since June and added nearly 70% against the dollar since the start of October.

Power Grid, M&M among cos to report Q2 results today

Power Grid, M&M among cos to report Q2 results today

Sapphire Foods IPO to open for subscription today

Sapphire Foods India, which operates KFC and Pizza Hut outlets, said it raised Rs 933 crore from anchor investors ahead of its IPO rollout on Tuesday. The company has decided to allocate a total of 79,06,473 equity shares to 53 anchor investors at Rs 1,180 apiece, aggregating the transaction size to Rs 932.96 crore, according to a circular uploaded on BSE website.

SGX Nifty signals a flat start

Nifty futures on the Singapore Exchange traded 4.5 points, or 0.02 per cent, higher at 18,142, signaling that Dalal Street was headed for a flat start on Tuesday.

Tech View: Nifty50 signals trend reversal

Nifty50 on Monday formed a bullish hammer-like candle on the daily charts. It closed above its 21-day moving average and crossed the key psychological mark of 18000, a 61.8 per cent retracement of the recent fall, and a falling trendline on the hourly chart, which analysts said have sent positive signals for the session ahead. The 21-day moving average was capping the upside for the index in the last couple of trading sessions.

Hong Kong shares rally at open

Hong Kong stocks started with healthy gains on Tuesday morning thanks to a rebound in tech firms and following yet another record performance on Wall Street. The Hang Seng Index climbed 0.76 percent, or 189.05 points, to 24,952.82. The Shanghai Composite Index added 0.24 percent, or 8.48 points, to 3,507.11, while the Shenzhen Composite Index on China’s second exchange edged up 0.20 percent, or 4.75 points, to 2,422.73.

Tokyo stocks open higher extending US gains

Tokyo stocks opened higher on Tuesday, extending rallies on Wall Street, where investors cheered the passage of a US infrastructure overhaul. The benchmark Nikkei 225 index was up 0.16 percent, or 45.77 points, at 29,552.82 in early trade, while the broader Topix index was up 0.23 percent, or 4.76 points, at 2,039.98.

Wall Street heads higher as markets await inflation signals

Wall Street powered to new records on Monday as traders cheered the passage of a US infrastructure overhaul in what was otherwise a mixed day of trading for global stocks, punctuated by drama Elon Musk stirred up with another controversial tweet. The Dow Jones Industrial Average rose 104.27, or 0.3%, to 36,432.22, and the Nasdaq composite gained 10.77, or 0.1%, to 15,982.36. The S&P 500 inched up by 4.17 points, or 0.1%, to 4,701.70.

Rupee spurts 43 paise to over 1-month high on fund inflows

The rupee spurted by 43 paise to close at more than one-month high of 74.03 against the US dollar on Monday as positive domestic equities and a dovish outlook of US Federal Reserve helped the local unit extend winning run for a sixth straight session. At the interbank forex market, the domestic unit opened at 74.25 against the greenback and witnessed an intra-day high of 73.98 and a low of 74.25 during the day’s trade. It finally ended at 74.03 a dollar, the highest closing level since September 27.

Sensex, Nifty on Monday

Equity benchmark Sensex rallied 478 points on Monday after gains in index majors HDFC, Infosys and Kotak Bank despite a negative trend in the global markets. After a volatile session, the 30-share index ended 477.99 points or 0.80 per cent higher at 60,545.61. The broad based Nifty surged 151.75 points or 0.85 per cent to 18,068.55 as 40 of its constituents ended with gains.

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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