Asian stocks advanced and benchmark Japanese bond yields inched toward an exit from negative territory as a risk-on mood permeated global financial markets.
Dow Jones, S&P 500 hit record. U.S. stocks sputtered late in the session Thursday but still managed to close at a record high as traders were whipsawed by conflicting headlines on the progress of trade talks with China.
Indian market rose for the second consecutive day in row to hit a fresh record high on Thursday. The S&P BSE Sensex rose to a record high of 40,688.27 while Nifty50 closed above 12,000 for the first time since June.
On the institutional front FPIs were net buyers in Indian equity markets for Rs 926 cr while DIIs were net sellers to the tune of Rs 635 cr, provisional data.
SEBI permits segregated portfolio of debt market instruments.
🎯 News & Impact 🎯
Major Results Today :
Eicher Motors, GAIL, M & M, Nestlé
MSCI India Index change w.e.f November 26.
MSCI India Index additions: Berger Paints, DLF, HDFC AMC, ICICI Pru, IGL, Info Edge, SBI Life, Siemens India
MSCI India Index deletions: BHEL, Glenmark, Indiabulls Housing, L&T Finance, Vodafone Idea, YES BANK
Results Updates :
🎯 BPCL (Q2, QoQ) :
Revenue fell 15.7 % to Rs 64,340.7 crore.
Net profit rose 58.9 % to Rs 1,708.5 crore.
🎯 Power Grid Corporation (Q2, YoY) :
Revenue rose 4.8 % to Rs 8,685 crore.
Net profit rose 9.4 % to Rs 2,527.4 crore.
🎯 Indraprastha Gas (Q2, YoY) :
Revenue rose 19.4 % to Rs 1692 crore.
Net profit rose 2 times to Rs 381 crore.
🎯 DLF (Q2, YoY) :
Revenue fell 19.8 % to Rs 1,715.5 crore.
Net profit rose 19.1 % to Rs 445.9 crore.
🎯 GlaxoSmithKline Consumer Healthcare (Q2, YoY)
Revenue rose 5.7 % to Rs 1,345.1 crore.
Net profit rose 25.3 % to Rs 345.3 crore.
🎯 Infosys :
Company opens new digital innovation centre in Dusseldorf.
🎯 Reliance :
Company subsidiary acquired further shares in SkyTran Inc. to increase its shareholding in SkyTran Inc. to 17.37% on a fully diluted basis.
🎯 Raymond :
Company spun off its branded lifestyle business into a separate entity as part of a restructuring plan. The company’s lifestyle business, which comprises branded textiles, branded apparel and garments, would be separately listed on the bourses after the demerger. Board approved issuing 33.4 lakh shares worth Rs 225 crore to promoter via preferential allotment.
🎯 Elantas Beck :
Company said that it is continuing with normal production operations and is also complying with temporary revocation order issued by Gujarat Pollution Control Board for company’s plant in Bharuch.
🎯 Sudarshan Chemical :
Company has incorporated an arm in Japan to sell colour pigments.
🎯 GTPL Hathway :
Company acquirs balance 49% shares in f GTPL Video Vision and GTPL Shivshakti Network.
🎯 Reliance Home Finance :
NHB has imposed a penalty of Rs 45,000 crore on the company for contravention of NHB Directions.
Negative for the stock.
🎯 Future Retail :
Company stated that promoters hold 47.02 % stake, out of which 72.65 % stake in encumbered.
Negative for the stock.
🎯 LG Balakrishnan :
Company promoter and director Rajvirdhan sold 41,000 shares on Nov. 5
Cyient promoters acquired 20,000 shares on Nov. 7.
🎯 Ultratech Cement :
Company promoter Aditya Marketing & Manufacturing sold 2.7 lakh shares on Nov. 4.
🎯 Uniply Industries :
Company promoters sold 2.1 lakh shares from Aug.t 22-Sept. 27
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Edited by Sharp.
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