10:40 AM Market Check
10:24 AM
UTI-Banking & PSU Debt Fund: Focused on safety, liquidity
The benchmark Nifty has recovered all its losses seen in September to end at a record high on Friday. Launched in January 2014, UTI-Banking & PSU Debt Fund is classified under the debt-short category of CRISIL Mutual Fund Ranking.
The fund has been constantly ranked in the top 30 percentile (CRISIL Fund Rank 1 or 2) over the past four quarters ended June 2017. It has been managed by Sudhir Agarwal since January 2014. It has quarterly average assets under management of Rs 1,324 crore at the end of June 2017 quarter.
READ MORE10:09 AM
Interview of the day
Equity returns in 2018 will be lower: Jyotivardhan Jaipuria
Mutual fund investments in equities are near record highs at a time foreign institutional investors (FIIs) have been mostly fence-sitters.
Jyotivardhan Jaipuria, founder and managing director, Veda Investment Managers, says that FIIs are justified in investing in developed markets which look more attractive. Once growth picks up back home, we should see them come back to India, he adds.
Click here for full interview9:54 AM
ONGC hits 5-month high as Q2 profit beats estimates
Oil and Natural Gas Corporation (ONGC) hit a five-month high of Rs 190, up 3% on the BSE in early morning trade after the country’s biggest oil and gas producer, reported a 3.1% increase in second-quarter profit at Rs 5,131 crore, on back of higher oil prices.
The net profit in September 2017 quarter (Q2FY18) was better than expected against an average analysts estimates of Rs 4,543 crore. The stock was trading at its highest level since May 11, 2017.
Revenue was up 3.1% at Rs 18,966 crore in Q2FY18 against Rs 18,395 crore in the corresponding quarter of previous fiscal.
READ MORE9:40 AM Nifty PSU Bank index up over 1%
Source: NSE
9:31 AM
HDFC Bank moves closer to top 10 global lenders' league
HDFC Bank is within kissing distance of breaking into the league of 10 most-valued global banks. A stellar 55% rally (in dollar terms) this year has helped the domestic lender improve its standing to 12th from 22nd at the start of the year.
At present, HDFC Bank is valued at $71.2 billion, 1.3% below Netherlands’ ING Group — the 10th most valuable bank. The domestic lender’s market capitalisation is more than that of marquee global banks such as Barclays, JP Morgan Chase and Credit Suisse.
READ MORE9:25 AM Sectoral trend
Source: NSE
9:23 AM Top Sensex gainers and losers
Source: BSE
9:21 AM Broader Markets
In broader markets, both BSE Midcap and BSE Smallcap was trading higher by 0.7% each
9:20 AM Markets at open
Benchmark indices open at record highs following Asian markets as the European Central Bank’s decision to extend its stimulus further fattened the dollar’s yield advantage.
At 9:20 am, the S&P BSE Sensex was trading at 10,259, up 102 points while the broader Nifty50 was ruling at 10,355, up 31 points
9:09 AM Nifty Outlook from Angel Broking
Merry days continued for our market immediately post the festive week. Barring negligible cut on Friday, the index kept marching higher during the week and eventually reached yet another milestone of 10,300. There have been various heroes in this year’s relentless run; but, this week, undoubtedly all credit should go to laggards (PSU Banks), which turned into gold overnight by clocking whopping gains of more than 30% in a single day.
Click for more9:03 AM
Stock recommendations from Angel Broking:
1) Wockhardt
View: Bullish
Last Close: Rs 662.85
2) Sun TV
View: Bullish
Last Close: Rs 843.45
3) GSFC
View: Bearish
9:00 AM
Nifty view from Prabhudas Lilladher
The daily and weekly trend in Nifty continues to be up while the monthly trend would turn up with a close above 9,950. The support for the week is seen at 10,150 while resistance is seen at 10,500. Nifty would now have near term resistance at 10,500.
Click here for trading ideas8:56 AM Top technical calls for today's trade
SUN TV - BUY
CLOSE – Rs- 842.45
TARGET – Rs 890-950
GODREJ INDUSTRIES - BUY
CLOSE – Rs 583.40
8:53 AM
Nifty outlook by Devang Shah
Market extended further in this euphoric rally across the board as expected. It has achieved almost my short term targets levels range between 10,350-104,00 levels on Nifty & 33,700-33,800 levels on Sensex as expected earlier. It closed weekly in positive territory. It made a high of 10,366.15 levels on Nifty & 33,286.51 levels on Sensex so far in this rally.
Traders should be stock specific & keep booking profit at regular intervals in short term. It looks like high possibility to extend this rally further towards revised short term target levels as mentioned below till it reverses. One should buy stock specific till it reverses.
READ MORE8:50 AM
Reliance Nippon AMC IPO subscribed 81 times on last day
Country's first-ever mutual fund IPO by Reliance Nippon Asset Management Company (AMC) was lapped up by investors. The 43-million share offering saw 81 times more demand, with bids for 3,485 million shares, worth Rs 87,830 crore.
The Rs 1,540-crore offering saw healthy demand in all three investor categories. The institutional portion of the IPO was subscribed 118 times, high net worth individual (HNI) segment was subscribed 209 times and retail investor portion was subscribed five times.
The retail book was kept open till late as demand remained high, said investment bankers. The IPO saw over 1.5 million applications, one of the highest for IPOs this year.
The price band for the IPO was Rs 247 to 252 per share. At the top-end of the price band, Reliance Nippon AMC was valued at Rs 15,422 crore.
READ MORE8:48 AM
68 companies to reports results for Sept quarter
As many as 68 companies are scheduled to report their September quarter numbers including BEL, Central Bank of India, Century Plyboards, EIH, HDFC, IDFC Ltd, IFB Industries, Bharti Infratel, KS Oil, Lakshmi Machine Works, LIC Housing, Lupin, Mahindra Lifespace, Marico, OnMobile Global, Sintex Industries, Tata Steel, Wockhardt, etc. among others.
8:45 AM
Rs 11K crore worth of IPOs to hit D-Street this week
Three companies are scheduled to open their issue in this week starting from 30 October to 3 November which includes names like Mahindra Logistics, New India Assurance, and Khadim India. Another big boy, New India Insurance will hit D-Street on November 1 to raise up to Rs9,600 crores from primary markets.
8:42 AM
SGX Nifty
The Nifty50 futures on the Singapore Stock Exchange were trading 32 points higher at 10,403 indicating a positive opening for the domestic market.
8:41 AM
Asia shares trade higher, Nikkei up 0.2%
Asian shares climbed on Monday and crude oil rose to a 2-year top. MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.2%. The index is up 3.4% so far this month. Japan's Nikkei nudged 0.2% higher, while Seoul shares climbed 0.7%
8:39 AM
US markets ends higher
Wall Street climbed on Friday as a surge in the tech sector and a rally in Amazon shares helped push the Nasdaq to its best day in nearly a year.
The Dow Jones Industrial Average rose 33.33 points, or 0.14%, to 23,434.19, the S&P 500 gained 20.67 points, or 0.81%, to 2,581.07 and the Nasdaq Composite added 144.49 points, or 2.2%, to 6,701.26.
8:37 AM Good Morning!
Welcome to market's live blog. Catch all the live market action here
First Published: Mon, October 30 2017. 09:56 IST
AUTO REFRESH ON 