Share market HIGHLIGHTS: Sensex, Nifty close in red; UCO Bank, Axis Bank, SBI top gainers

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Updated:Nov 05, 2018 5:04:27 pm

Stock market HIGHLIGHTS: Sensex and Nifty -- the benchmark indices of the domestic equity markets -- ended the day in red amid weak cues from global markets and a weak rupee.

share market live updates, sensex live, nifty liveShare market HIGHLIGHTS: Check for Sensex, Nifty live updates

Share market HIGHLIGHTS: Sensex and Nifty — the benchmark indices of the domestic equity markets — ended the day in red amid weak cues from global markets and weak rupee. The Sensex fell below the 35,000-level to touch a low of 34,811.60 due to heavy selling pressure.The NSE Nifty, after slipping below the 10,500-mark to hit a low of 10,477, finally concluded 29 points, or 0.27 per cent, down at 10,524.

The UCO Bank (up 14%), Jet Airways (up 9%), Tata Steel (up 8%), Infibeam (up 8%) and PC Jeweller (up 7%) were the major gainers on the Sensex today. SBI (up 4%), Axis Bank (up 2%), Wipro (up 2%) and HCL Tech (up 2%) were the major gainers on Nifty.

The rupee depreciated 67 paise, to 73.12 (intra-day) against the dollar too had a negative influence. The domestic currency on Friday had clocked its biggest single-day gain in over five years, surging by 100 paise to close at 72.45 against the US dollar on easing crude oil prices.

Meanwhile, SBI net profit fell to Rs 576.46 crore in Q2, against Rs 1,840.43 crore a year ago. The shares of troubled carrier Jet Airways rose as much as 9.40% to 250.7 rupees, their highest since September 19.

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Highlights

    17:01 (IST)05 Nov 2018
    PNB MetLife gets SEBI nod for IPO

    PNB MetLife India Insurance Company received SEBI nod to float an initial public offer (IPO). The insurer, which had approached the regulator in July seeking its clearance to launch IPO, obtained Sebi's "observations" on November 2, as per the latest update with the market watchdog.

    16:33 (IST)05 Nov 2018
    Axis Bank shares climb 2% post Q2 earnings

    Shares of Axis Bank Monday jumped over 2% after the company reported a 83% jump in its net profit for the quarter ending September. The stock gained 2.35% to settle at Rs 624.30 on BSE.

    16:03 (IST)05 Nov 2018
    Penna Cement files Rs 1,550 crore IPO papers with SEBI

    The draft papers have been filed by Penna Cement Industries with SEBI to raise Rs 1,550 crore through an initial public offer (IPO). The public offer includes fresh issuance of shares worth up to Rs 1,300 crore, besides, an offer for sale of up to Rs 250 crore by company's promoter PR Cement Holdings, according to the draft red herring prospectus (DRHP) filed with SEBI.

    15:14 (IST)05 Nov 2018
    Rated firms, banks can withstand sharp rupee depreciation: S&P

    A majority of the rated Indian companies and banks can withstand the recent sharp depreciation in the rupee, S&P Global Ratings said on Monday. However, a deep and sustained decline could squeeze their margins, it added. the report said that most of the emerging market issuers are buffered against further currency depreciation and do not face immediate downgrade risk from currency depreciation.

    15:00 (IST)05 Nov 2018
    Gold demand picks up on 'Dhanteras'

    Gold prices rose by Rs 40 to Rs 32,690 per 10 gram amid rise in demand on the occasion of 'Dhanteras'. In Delhi, gold of 99.9 per cent and 99.5 per cent purity was traded higher by Rs 40 each to Rs 32,690 and Rs 32,540 per 10 gram, respectively. 

    14:42 (IST)05 Nov 2018
    Bosch Q2 profit up 18.86% at Rs 420 crore

    Auto components major Bosch posted 18.86 percent rise in standalone net profit at Rs 419.99 crore in the quarter ended September. The company had posted standalone net profit of Rs 353.34 crore in the year-ago quarter, company said in an exchange filing. The total income during the second quarter was recorded at Rs 3,340.62 crore. It was at Rs 2,940.88 crore in the corresponding quarter previous year.

    13:33 (IST)05 Nov 2018
    India's Cipla Q2 profit dips nearly 11 pct, misses estimate

    Drugmaker Cipla Ltd posted a nearly 11% fall in second-quarter profit on Monday, much lower than analyst expectations, according to a Reuters report. Profit fell to Rs 377 crore in the quarter ended Sept. 30, compared with Rs 423 crore a year ago, Cipla said.

    12:42 (IST)05 Nov 2018
    BSE live: 18 Sensex stocks in red

    18 out of 30 Sensex stocks traded in the red during early afternoon trade deals on Monday. Check out the top gainers and losers here:

    12:28 (IST)05 Nov 2018
    Do you want to buy a gold coin on Dhanteras 2018?

    Gold is an integral part of all Indian weddings, religious ceremonies or any celebrations at large. While gold in any form is a wise choice, but purchasing gold coin can be the most sensible investment one can possibly make. The value of a gold coin goes beyond the status symbol everyone is seeking these days. With prices bound to increase, it is always a good time to invest in gold coins.

    Read the full story here: Dhanteras 2018! Six things to know before purchasing a gold coin

    12:19 (IST)05 Nov 2018
    Rupee falls below 73/$

    The rupee fell below the 73 per dollar mark on Monday even as crude oil prices registered a fall. The domestic currency traded on a weak note on Monday, even as the domestic stock market extended losses. The rupee, after opening at a low of 72.8788 against the US dollar, plunged to a low of 73.0862 per dollar during late-morning trade deals. The rupee had on Friday clocked its biggest single-day gain in over five years, surging by 100 paise to close at 72.45 against the US dollar on easing crude oil prices.

    12:07 (IST)05 Nov 2018
    Oil dips as US grants Iran sanctions waivers; Tehran defiant

    Oil prices fell on Monday as the start of U.S. sanctions against Iran's fuel exports was softened by waivers that will allow major buyers to still import Iranian crude, while Tehran said it would ignore Washington and continue to sell, said a Reuters report. Front-month Brent crude futures were at $72.47 per barrel at 0614 GMT on Monday, down 36 cents, or 0.5% from their last close. U.S. West Texas Intermediate (WTI) crude futures were down 35 cents, or 0.6%, at $62.79 a barrel. Both Brent and WTI have lost more than 15% in value since early October, in part as hedge funds have cut their bullish wagers on crude to a one-year low, data showed on Friday.

    11:40 (IST)05 Nov 2018
    NSE live: Nifty Media index trades lower

    The Nifty Media index traded over 1.7% lower during late-morning trade deals on Monday led by losses in Sun TV, TV Today, Dish TV, Inox and Network 18 stocks. Broadcast services provider Sun TV Network Ltd fell over 6% after muted Q2 show.

    11:37 (IST)05 Nov 2018
    BSE live! Sensex falls over 150 points

    The BSE Sensex slipped over 150 points 0.43% to trade lower at 34,860.16 points around 11.34 am. Axis Bank, SBI, Tata Steel, Coal India, and MarutSuzukiki shares topped the index, while NTPC was the top Sensex drag.

    11:33 (IST)05 Nov 2018
    NTPC shares hit over 3-month low

    Shares of power producer NTPC Ltd fell nearly 4% to Rs 151.7 rupees, dropping to their lowest since July 26. The company's Q2 profit fell marginally to Rs 2,426 crore, missing analysts estimates, as total expenses rose 17.5%. According to HSBC, Q2 earnings hurt on coal shortage driven by under-recoveries but management expects this to improve in H2. The brokerage has retained a target price of Rs 210.

    11:30 (IST)05 Nov 2018
    Q2 UPDATE: Power Grid shares fall 2.5%

    Power Grid Corporation shares fell over 2.5 % to an intra-day low of Rs 185.20 per share on the BSE on Monday ahead of the announcement of its quarterly earnings.  The stock currently traded at Rs 186.05 per share, down 2.08% on the BSE.

    11:27 (IST)05 Nov 2018
    Nifty slips below 10,500

    The NSE Nifty 50 slipped below the psychologically important 10,500 mark during the mid-morning trade deals on  Monday to trade 60.05 points or 0.57% lower at 10,492.95 points. Check out the top index gainers and losers here:

    11:04 (IST)05 Nov 2018
    Q2 IMPACT: IOC shares fall most in a month

    Shares of Indian Oil Corporation fell most in a month, down nearly 5%  on the NSE after the company reported a fall in its quarterly net profit. The shares logged their biggest fall since October 5. The company's Q2 profit fell 12.2% to Rs 3,247 crore, missing estimate by a wide margin, as forex expenses and raw material costs weighed, said a Reuters report. Oil prices fell as the start to US sanctions against Iran's fuel exports was softened by waivers that will allow major buyers to still import Iranian crude, at least temporarily, including India. Up to Friday's close, IOC stock had fallen over 23% so far this year.

    11:00 (IST)05 Nov 2018
    Global Markets UPDATE: Asian shares sink as risk sentiment sours, pound hits 2-week top

    Asian stocks sank on Monday as fears of faster rate hikes in the United States and uncertainty around the Sino-U.S. trade war deterred investment in riskier assets, while sterling jumped to a two-week high on hopes of an orderly Brexit, according to a Reuters report. Markets are expected to be skittish ahead of U. congressional midterm elections on Tuesday.  MSCI's broadest index of Asia-Pacific shares outside Japan lost 1.5% on Monday, slipping back towards last week's 1-1/2 year trough of 505.61 points. Japan's Nikkei stumbled 1.3% while South Korea's KOSPI index plunged 1.4%. Chinese shares opened in the red with blue-chip stocks off 1.4% even as President Xi Jinping promised to lower import tariffs and continue to broaden market access.

    10:55 (IST)05 Nov 2018
    India's services PMI shows improvement in October

    The Nikkei India services Purchasing Managers' Index, or PMI, rose from 51.6 in September to 53.0 in October, with the private sector activity showing the strongest expansion since July. A reading above 50 indicates economic expansion, while a reading below 50 points toward contraction, an IHS Markit report said on Monday. Manufacturing production accelerated in growth, as well as new business rising for an eighth straight month. The growth of factory orders climbed to a four-month high which prompted further expansion in private sector new business to the second-strongest in two years.

    Also read: Services October PMI at 3-month high; 3 key things to know

    10:51 (IST)05 Nov 2018
    Gold prices hold steady ahead of U.S. elections

    Gold prices held steady on Monday as investors were cautious ahead of the U.S. congressional elections due on Tuesday which will determine whether the Republican or Democratic Party controls Congress, said a Reuters report. Spot gold was steady at $1,232.08 per ounce, as of 0415 GMT, while U.S. gold futures were flat at $1,233.4 per ounce.

    10:25 (IST)05 Nov 2018
    NSE live! PSU Banks trade higher; PNB only stock down

    The Nifty PSU Bank index traded higher in morning trade deals on Monday, with all stocks -- barring PNB shares -- trading with gains of up to 1.7%. The Finance Ministry is likely to finalise the second round of capital infusion for public sector banks (PSBs) towards the end of this month taking into account the latest quarter's performance, PTI reported on Sunday citing sources. In this round of fund infusion, most of the banks would be getting growth capital for expanding their lending, particularly to micro, small and medium enterprises (MSMEs).

    10:06 (IST)05 Nov 2018
    Q2 UPDATE: SBI shares trade higher by 1.7%

    Shares of India's largest bank State Bank of India (SBI) rose by 1.7% to scale an intra-day high of Rs 290 per share on the BSE on Monday ahead of its quarterly corporate earnings announcement. Meanwhile, The BSE Sensex slipped below the 35,000-level to trade at 34,990.78 points, down 20.87 points or 0.06%.

    10:04 (IST)05 Nov 2018
    Rupee falls by 44 paise, opens at 72.88 per US dollar

    Rupee opened lower by 44 paise at 72.88 per US dollar on Monday. On Friday, rupee posted its biggest single-day gain in a period of more than five years, rising by 100 paise to end the day at 72.44 against the US dollar, according to Bloomberg index. The 10-year government bond yield stood at 7.78 percent from its previous close of 7.781 percent.

    Read the full story here: Rupee falls by 44 paise

    09:52 (IST)05 Nov 2018
    Global Markets UPDATE: Nikkei falls as hopes of US-Sino trade resolution fade

    Japan’s Nikkei fell on Monday morning as budding hopes of a resolution to the U.S.-China trade war faded, while shares of index-heavy Fast Retailing tumbled after dismal monthly sales data. The Nikkei share average dropped 1.4% to 21,934.41 in midmorning trade, pulling back from a two-week high on Friday when investors cheered signs that Beijing and Washington were seeking to resolve their trade row. Those hopes were dashed after White House economic adviser Larry Kudlow, speaking on CNBC, contradicted a report earlier in the day that had suggested the White House was taking steps to work out a deal.

    Read the full story here: Nikkei falls as hopes of US-Sino trade resolution fade; Fast Retailing tumbles

    09:51 (IST)05 Nov 2018
    Stock market outlook: What to expect next week

    Next week, the BSE and NSE will conduct a special ‘Muhurat’ trading session between 1700 hours and 1830 hours (5 pm-6.30 pm) on Wednesday, November 7 on the auspicious occasion of Diwali. The stock market will remain closed on Thursday, November 8 on account of Diwali Balipratipada.

    Read the full story here: Share market wrap; check top stock picks for next week

    09:47 (IST)05 Nov 2018
    Q2 IMPACT: Axis Bank shares rise over 3%

    Shares of private-sector lender Axis Bank rose 3.7% to an intra-day high of Rs 632.90 per share on the BSE in early morning trade deals on Monday. Last week, the bank reported 83% rise in net income at Rs 790 crore for the September quarter aided by lower provisioning driven by better asset quality and higher interest income.

    Also read: Axis Bank share price jumps over 3% on strong Q2 results; here’s what brokerages say

    09:45 (IST)05 Nov 2018
    Nifty technical outlook for the week

    Support for Nifty has now shifted upwards to 10300-10325, where 20 DMA is currently placed. As far as BankNifty is concerned 25,900 to 26,050 range is stiff resistance, above which Gains could extend up to 27,150 levels. Support for the BankNifty is seen in 25,000-25,200 range, says Vinay Rajani, Technical Analyst, HDFC securities.

    Read the full story here: Support of 10,300 would not be violated in November

    09:43 (IST)05 Nov 2018
    Q2 IMPACT: ONGC shares jump 4%

    ONGC shares climbed 4.7% to an intra-day high of Rs 164.70 per share on the BSE in early morning trade deals on Monday. State-owned Oil and Natural Gas Corp (ONGC) had reported a 61% jump in its September quarter net profit as higher prices offset a dip in oil production.

    09:42 (IST)05 Nov 2018
    NSE live: check out the most traded stocks

    The NSE Nifty opened in the negative territory on Monday, slipping below the 10,500-mark to an intra-day low of 10,498.40 points in early morning trade deals. PC Jeweller was the most traded stock by volume on the NSE in the first 15 minutes of trade on Monday.

    09:36 (IST)05 Nov 2018
    Stocks to track today: SBI, GAIL, Cipla, Reliance Industries, Axis Bank, ONGC, Strides Pharma Science

    India’s largest bank State Bank of India, Power Grid Corporation Of India, GAIL and Cipla are the four Nifty companies that will come out with their quarterly corporate earnings today. Axis Bank reported 83% rise in net income at Rs 790 crore for the September quarter aided by lower provisioning driven by better asset quality and higher interest income. State-owned Oil and Natural Gas Corp (ONGC) reported a 61% jump in its September quarter net profit as higher prices offset a dip in oil production.

    Also read: More stocks to track today

    09:24 (IST)05 Nov 2018
    OPENING BELL: Sensex opens over 100 points lower; Nifty below 10,550

    The BSE Sensex slipped over 100 points in opening trade on Monday, led by heavy selling pressure in NTPC, IndusInd Bank, Adani Ports, ICICI Bank shares among others. ONGC and Axis Bank shares gained up tp 3% in opening trade. The NSE Nifty traded below the 10,550-mark.

    09:17 (IST)05 Nov 2018
    PRE-OPEN SESSION: Sensex opens 100 points higher, rupee opens at 72.8788 per dollar

    The BSE Sensex opened 100 points higher in the pre-open session on Monday. The rupee opened at 72.8788 per dollar, down from its Friday's close at 72.4375 against the greenback, Bloomberg data showed.

    Share market on Friday: The domestic stock markets posted a robust rally on Friday, with the Sensex closing 579 points higher, and Nifty closing above the 10,500-mark. The Sensex moved past the 35,000-mark buoyed by a strong rally in the shares of auto and financial stocks. Maruti Suzuki emerged as the top gainer in the index, with shares zooming 6.6% to hit an intra-day high of Rs 7,159. The overall sentiment in the markets was upbeat on the back of a fall in global crude prices and a rising rupee. Rupee gained more than 70 paise to race past 73 mark for the first time in over 1 month, while the brent crude oil price fell to a fresh 7-month low.