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Stock Markets at a Glance:
Bulls took complete control of Indian stock markets today, causing Nifty to grew by 211.8 points and settle at 12120.3 level. Sensex also surged by 724 points to close at 41340.16. India VIX, which measures volatility and fear in the market, plunged sharply by 9.62% below 21-mark level.
Sector-wise, Nifty metal grew the most followed by Media, Bank, FMCG and Fin services stocks. Only Nifty Realty index was in red, closing 0.51% lower. In broader market, small-cap and mid-cap stocks also performed at par with Nifty & Sensex.
Top Gainers/Losers in today’s Stock Market:
IndusInd Bank, Hindalco, SBIN, BPCL, Tata Steel were among the top winners in today’s bullish session. On the other hand, only Hero Motocorp and HDFC Life suffered marginal losses in their share prices.
DII/FII Data:
DII kept their sell-off strategy and took away Rs.2208.18 crore from the market, while FII showed their confidence in Indian stock markets by investing Rs.5368.31 crore.
| CATEGORY | DATE | BUY VALUE (₹ Crores) | SELL VALUE (₹ Crores) | NET VALUE (₹ Crores) |
| DII | 05-Nov-20 | 3,588.71 | 5,796.89 | -2,208.18 |
| FII/FPI | 05-Nov-20 | 9,962.68 | 4,594.37 | 5,368.31 |
Service Industry logs positive growth first time in October since last 8 months:
Top contributor to India’s GDP, Service sector showed positive growth in October and ended its negative growth streak since February. As per the data released by HIS Markit, Purchasing Managers’ Index (PMI) increased to 54.1 in October from 49.8 of September.
PMI level above 50 indicates expansion, while below 50 indicates contraction of that particular sector. 50 PMI level means no change.
Read our special article on PMI by clicking here.
Stock Market Today: Quick Bytes:
- HPCL board approved proposal of share buyback at Rs.250 per share with total amount not exceeding Rs.2500 crore.
- Emami Q2: Consolidated net profit up by 24.7% and revenue grew by 11.3%. Share price closed 0.32% higher at Rs.372.5.
- Godrej Consumer Q2: Consolidated net profit grew by 10.7%, revenue also increased by 10.8%. Company’s share price plunged by 1.5% to Rs.665.9
- Saudi’s Public Investment Fund (PIF) will invest Rs.9555 crore for 2.04% stake in Reliance Retail Ventures Ltd (RRVL).
- US Fed is likely to deliver its decision on monetary policy later in the day.
- Bank of England extended its asset purchase program by another $195 billion to boost the market.
- Q2 Results Today: ABB India, Aarti Surfactants, Aditya Birla Capital, Adani Power, Adani Transmission, Astrazeneca Pharma, Bajaj Electricals, Berger Paints India, Birla Corporation, Birlasoft, Dalmia Bharat, Dish TV India, eClerx Services, Emami, Godrej Consumer Products, Gujarat Gas, ICRA, Inox Leisure, Minda Corporation, Spencers Retail, Torrent Power, Trent
You can check our daily analysis of stock markets by clicking here.
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