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 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:
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 | 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 | 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
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 | 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 | 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 | 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.
Image: BSEIndia.com
The country's largest lender by assets is scheduled to report its Q2 results on Saturday, November 4.
According to Zee Business research, the state-run banking behemoth is expected to report a net interest income (NII), or the difference between interest earned and interest paid, of Rs 39,111 crore for the quarter ended September, translating into a year-on-year increase of 11.3 per cent.
Read more on what to expect from SBI in its Q2 earnings
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 | 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