|
Getting your Trinity Audio player ready...
|
Share Markets today at a Glance:
As there seems to be split of powers between Joe Biden (likely to be president) and Republicans (who may get majority in senate), US stock markets surged around 2% overnight. Indian share markets also followed the suit and gained over 1.2%. NSE Nifty grew by 143.25 points and closed at 12263.55, while BSE Sensex soared by 552.9 points and settled around 41893.
Banks & Fin service sector stocks played key role in today’s share market green rally along with index-heavyweight Reliance Industries’ stock. Only Pharma, Telecom & FMCG sectoral indices suffered losses in today’s session. India VIX further de-grew by 2.22% and settled at 20.5 level.
Top Stock Gainers/Losers:
Shares of Reliance Industries were in high demand over Saudi PIF’s Rs.9555 crore investment in RIL’s retail subsidiary, share price grew by 3.58% to Rs.2025. Along with RIL, Fin sector stocks viz. Bajaj Finserv, IndusInd Bank, HDFC Bank and Kotak Bank gained the most in today’s session. On the other hand, Maruti Suzuki, GAIL, Bharti Airtel, Asian Paint and Grasim Industries fell the most today.
DII/FII Data of today’s share market:
DII continued their sell-off and took away Rs.2938.66 crore from the market. While FII showed their confidence in Indian share markets by investing Rs.4869.87 crore.
| CATEGORY | DATE | BUY VALUE (₹ Crores) | SELL VALUE (₹ Crores) | NET VALUE (₹ Crores) |
| DII | 06-Nov-20 | 2,950.98 | 5,889.64 | -2,938.66 |
| FII/FPI | 06-Nov-20 | 9,450.25 | 4,580.38 | 4,869.87 |
CIPLA Q2 Results; Consolidated Net Profit up over 41%
Pharma major, CIPLA reported consolidated net profit of Rs.665.43 crore during Q2 of FY21 which is 41.18% higher than last year same quarter’s profit of Rs.471.35 crore. Company’s revenue from operations grew by 14.62% to Rs.5038.29 crore.
Its India business grew by 17% on YoY basis, while its South Africa, US & other international markets’ business also maintained growth momentum. Ahead of its Q2 announcement, Cipla’s stocks fell over 0.6% to Rs.788.6.
Birla Corporation net profit zooms by 88.6%, as cement demand surge back:
M P Birla group’s flagship firm, Birla Corp reported consolidated net profit of Rs.166.62 crore, which is 88.6% higher than its last year’s Q2 profit of Rs.88 crore. Consolidated revenue also surged over 2% to Rs.1675 crore.
“Even amidst continuing disruptions in the construction sector due to the Covid-19 pandemic, recovery in cement demand in some of our key markets was better than expected. This was largely on account of demand for rural housing and government spending on rural infrastructure.” Company said in its release statement. Company’s share price grew by 3.8% to close at Rs.667.35.
Quick Bytes:
- US Fed kept monetary policy and interest rates unchanged over US election result uncertainty.
- NBFCs must convert to banks or shrink business, says RBI’s deputy governor Rajeshwar Rao, who heads banking regulation and risk monitoring at RBI.
- SEBI increased overseas investment cap for mutual fund house from current $300 million to $600 million.
- RBI to continue OMO purchase auctions of Rs.20000 crore to assure adequate liquidity in the market. (What is OMO, read our special article here.)
- Voltas Q2: consolidated net profit down by 25.7%, while Revenue went up by 13.4%. Company’s share price closed 1% higher at Rs.749 today.
- Subscription for Gland Pharma IPO will commence from Monday.
- Q2 Results Today: ITC, Cipla, Ashok Leyland, Bank of India, Union Bank of India, Vedanta, Bharat Electronics, BEML, BHEL, Bosch, Voltas, 8K Miles Software, Aditya Birla Fashion, Alkem Laboratories, Allcargo Logistics, Astral Poly Technik, Balkrishna Industries, Central Bank of India, CESC, Chemcon Speciality Chemicals, CreditAccess Grameen, Dilip Buildcon, Glenmark Pharmaceuticals, India Cements, Indian Overseas Bank, Jammu & Kashmir Bank, Dr Lal PathLabs, Lemon Tree Hotels, Manappuram Finance, MRF, Quick Heal Technologies, REC, SAIL, Sonata Software, Tata Consumer Products and Westlife Development
You can check our daily analysis of stock markets by clicking here.
–@|<