|
Getting your Trinity Audio player ready...
|
Share Markets at a Glance:
Indian Share markets today continued their fall on third straight day, as global markets remain weak as well as volatile over US presidential election results and fresh lockdowns by many European nations due to second wave of COVID infections.
Nifty50 de-grew by 28.4 points to close at 11642.4. While 30-pack Sensex plunged by 135.78 points to settle at 39614.07. Sector-wise, positive sentiment was seen in Realty, Metal and Media sectors. On the other hand, Auto and Bank stocks were under selling pressure.
In broader markets, Mid-cap and small-cap outperform benchmark indices by growing marginally. India VIX also surged by 3.03% to 24.75 level.
Top Share Market Gainers/Losers Today:
Adani Ports, BPCL, Coal India, NTPC and Sun Pharma were among the top gainers in today’s session. On the other hand, Bharti Airtel, Hero Motocorp, Maruti Suzuki, Eicher Motors and Bajaj Finance took heavy beatings today.
DII/FII Data:
DIIs seems to be taking advantage of volatility in the market by investing Rs.631.11 crore. While, FII taking away their money by divesting Rs.870.88 crore.
| CATEGORY | DATE | BUY VALUE (₹ Crores) | SELL VALUE (₹ Crores) | NET VALUE (₹ Crores) |
| DII | 30-Oct-20 | 2,694.06 | 2,062.95 | 631.11 |
| FII/FPI | 30-Oct-20 | 6,329.42 | 7,200.30 | -870.88 |
UPL Q2 Net Profit zoom over 166%, revenue also up by 14%:
Agro chemical as well as food system company, UPL posted a decent profit growth of 165.84% on YoY basis to book profit of Rs.537 crore. It posted net profit of Rs.202 crore in same quarter last year. Its revenue from operations also increased by 14% to Rs.8939 crore.
Company’s share closed 0.61% high at Rs.453 for the day.
IndusInd Bank Q2 Results: Net profit plunge by 52.7%, provisions rise by 166%
Private sector lender, IndusInd Bank posted a net profit of Rs.663.08, which is 52.7% lower than last year same quarter’s profit of Rs.1400.96 crore. Bank’s total income also reduced by 1.65% YoY.
Bank’s provisions for bad loans also increased by 166% to Rs.1964.44 crore. Its gross NPA stood at 2.21%, while net NPA stood at 0.52%. Its Net Interest Margin (NIM) came to be at 4.16%. Bank’s total deposits grew over by 10%. Stock of the bank closed 0.59% down at Rs.585.2.
Vodafone-Idea Q2 loss narrowed down to Rs.7218.2 crore, ARPU increases to Rs.119:
Private telecom operator, Voda-Idea reported consolidated net loss of Rs.7218.2 crore, which is significantly lower than last year’s Q2 loss of Rs.50921.9 crore due to AGR dues. It also posted a net loss of Rs.25467 crore in last quarter. This is ninth straight quarterly loss for the telco. Company also lost 8 million customers during this quarter.
On the brighter side, Average Revenue per User (ARPU) increased to Rs.119 during the quarter against last year’s ARPU of Rs.107. The telecom major said its revenue grew 1.2% QoQ as economic activities have gradually started to resume.
Telco’s scrip surged over 5% in today’s trade to close at Rs.8.8.
Share Market Today: Quick Bytes:
- Production linked incentive (PLI) scheme will be extended for other sectors apart from existing Pharma, mobile phone and electronics to boost domestic manufacturing: NITI Aayog
- Output in crucial 8-industry core sectors (including coal, electricity & steel) contracted for seventh month in a row. It declined by 0.8% for September month against 7.3% fall of August.
- HPCL to consider proposal to buyback its shares in Nov 4 meeting.
- IOC posted 13 times growth in consolidated profit on YoY basis, expenses decline by 18.78%, revenue also slip by 13.39%. Share price closed 1% higher at Rs.79.25.
- RBI cancels certificate of registration of seven NBFCs viz. Malpani Financial Services Private Limited, Vishav Dealer Private Limited, U K Fin Services Limited, Prabhat (India) Limited, Compusta Securities Private Limited, Harshant Investments Private Limited and Sajjan Commercial Enterprises Ltd.
- The government’s fiscal deficit rose to Rs.9.14 lakh crore, about 114.8 percent of the annual budget estimate.
- Q2 Results Today: Reliance Industries, Indian Oil Corporation, DLF, IndusInd Bank, Jindal Steel, Deepak Nitrite, Dixon Technologies, Just Dial, NIIT, Quess Corp, UPL, Vakrangee and Zee Media