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Indian equity benchmarks ended marginally higher after a volatile trade as gains in HDFC Bank Ltd. and IndusInd Bank Ltd. were offset by losses in Tata Consultancy Services Ltd. and Larsen & Toubro Ltd.
The S&P BSE Sensex rose 35 points or 0.09 percent to 40,165 and the NSE Nifty 50 rose 0.11 percent to 11,890.60. The broader markets represented by the NSE Nifty 500 Index rose 0.15 percent.
Fifteen out of the 26 Nifty companies that have reported earnings so far this season have beaten analyst estimates, two have matched and eight have missed, according to Bloomberg report.
“The earnings helped by improving asset quality at major banks and signs of bottoming out of consumer spending with festive season,” Bloomberg reported quoting BNP Paribas' Abhiram Eleswarapu.
“Potential triggers for the second half of the year include a good monsoon and low raw material prices,” Eleswarapu told Bloomberg.
The market breadth was tilted in favour of buyers. About 1,059 stocks advanced and 750 shares declined on National Stock Exchange.
Nine out of 11 sectoral gauges compiled by NSE ended higher, led by the NSE Nifty Media Index’s 7.7 percent gain. On the flipside, the NSE Nifty Auto Index was the top sectoral loser, down 0.67 percent.
TVS Motor Company Ltd. sold 3.23 lakh units last month a fall of 19 percent from October 2018, the Chennai-based company said in a stock exchange filing.
Key Sales Highlights (YoY)
The stock traded 4.8 percent lower at Rs 463.20 after the announcement.
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About 15.2 lakh shares of Bharti Infratel changed hands in a large trade, Bloomberg data showed. Buyers and sellers were not known immediately.
Hindustan Media
Laurus Labs
Motilal Oswal Financial Services
Uniply Industries
Number of vehicles sold by busmaker fell 28 percent to 515 units, according to its exchange notification.
Shares of the company surged nearly 3.4 percent intraday to Rs 567 apiece after the sales announcement.
Shares of Kansai Nerolac rose as much as 3.2 percent to Rs 573 after announcing September quarter results.
Key Earnings Highlights (Q2, YoY)
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Most Asian stocks rose and European and U.S. futures pushed higher Friday as investors weighed better-than-expected Chinese manufacturing data against uncertainty about an interim U.S.-China trade deal.
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Source: Bloomberg
Mahindra & Mahindra Ltd.'s total sales fell 11 percent to 51,896 units in September, according to the exchange filing.
Key Highlights:
Shares of the Anand Mahindra-led company fell 4 percent to 582 apiece after the announcement
The company’s tractor sales fell 4 percent year-on-year to 45,433 units.
About 12.2 lakh shares of Bharti Infratel changed hands in a large trade, Bloomberg data showed. Buyers and sellers were not known immediately.
Ten out of 11 sectoral gauges compiled by NSE traded, higher, led by the NSE Nifty Media Index’s 4.3 percent gain. On the flipside, the NSE Nifty IT Index was the tp sectoral loser, down 0.56 percent.
Ashok Leyland Ltd.’s sales fell 35 percent to 9,857 units in October, according to its stock exchange filing.
Key Sales Highlights (YoY)
Sales Including Exports (YoY)
Shares of the truck and bus maker fell as much as 1.4 percent to Rs 75.70 after the announcement.
Shares of Dr. Reddy’s Laboratories fluctuated between gains and losses to trade 0.8 percent higher at Rs 2,806.
Key Earnings Highlights (Q2, YoY)
Nifty’s 11,900 call option contract was among the most active Nifty option contracts on National Stock Exchange.
Premium on the contract, which is set to expire on Nov. 7, fell 14.3 percent to Rs 71.25. Over 9.52 lakh shares added to the open interest which stood at over 23.26 lakh shares.
The Markit Manufacturing Purchasing Managers’ Index fell to 50.6 last month from 51.4 in September, according to a statement. In PMI parlance, a print above 50 means expansion, while a score below that denotes contraction.
Indian equity benchmarks edged higher after fluctuating between gains and losses in the opening trade.
The S&P BSE Sensex rose 0.12 percent to 40,171 as of 10 a.m. and the NSE Nifty 50 rose 0.1 percent to 11,888. The broader markets represented by the NSE Nifty 500 Index rose 0.26 percent.
Shares of Bajaj Auto fluctuated between gains and losses to trade little changed at Rs 3,272 after the company announced its October sales data.
The company's total sales fell 9 percent year-on-year to 4,63,208 vehicles last month, according to its stock exchange filing.
Key Sales Highlights (YoY)
Shares of Escorts rose as much as 2.9 percent to Rs 678.50 after the company sold 13,353 tractors last month, an increase of 1.6 percent from the year-ago period, according to its exchange filing.
Key Highlights (YoY)
Catch all the live updates on October auto sales here.
Shares of Laurus Labs rose as much as 13.3 percent, the most since February 2017, to Rs 418.80, the highest in over a year after the company announced its September quarter results.
Key Earnings Highlights (Q2, YoY)
Indian equity benchmarks fluctuated between gains and losses in the opening traded.
The S&P BSE Sensex and the NSE Nifty 50 traded little changed at 40,185 and 11,887 respectively. The broader markets represented by the NSE Nifty 500 Index rose 0.21 percent.
The market breadth was tilted in favour of buyers. About 882 stocks advanced and 464 shares declined on National Stock Exchange.
Six out of 11 sectoral gauges compiled by NSE traded higher, led by the NSE Nifty Media Index’s 0.95 percent gain. On the flipside, the NSE Nifty Metal Index was the top sectoral loser, down 0.63 percent.
ATF prices cut by 17% for the month of November 2019 compared to last year.
— BloombergQuint (@BloombergQuint) November 1, 2019
Read: https://t.co/6oYDbgGeDe pic.twitter.com/Y0h1oZoRTF
Q2 Nifty Earnings: Best Performance In More Than Two Years
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Indian equity benchmarks are set to open higher
The S&P BSE Sensex rose 0.45 percent to 40,294 during the pre-market trade and the NSE Nifty 50 rose 0.25 percent to 11,908.60.
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