Sensex earns 200 opening points; Nifty tops 12,800; Tata Steel top

November 20, 2020 9:48:17 AM IST

Titan Expands Thursday Gains Up 4%

The watch and jewelry retailer experienced good traction across all of its business during India’s key festival season, with its jewelry business growing 15% over the 30-day period.

November 20, 2020 9:40:53 AM IST

Vodafone Idea rises 4% as it co-sells 11.15% in Indus Towers for a cash consideration of ₹ 3,760 crore

The telecommunications company has sold its 11.15% stake in Indus Towers for a cash consideration of ₹Rs 3,760 crore in accordance with the terms of the agreement and outside the consideration received from Infratel. In addition, a consortium of investors comprising Oaktree Capital Management and Varde Partners has proposed to invest at least $ 2 billion in a cash-strapped company by purchasing hybrid debt securities.

November 20, 2020 9:40:53 AM IST

Among Nifty’s industry indices, the Bank is down 100 points, while auto, metals and real estate were the winners, with an increase of over 1%.

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November 20, 2020 9:32:09 AM IST

On the Nifty, 35 stocks advanced and 15 declined

At Nifty ports, UPL and Adani were the main losers, while Tata Steel and Bajaj Finserv gained the most.

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November 20, 2020 9:27:46 AM IST

Sensex rises 250 points led by Tata Steel and Bajaj Finserv

In addition to HUL, ICICI Bank and Bajaj Auto, all Sensex components were green

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November 20, 2020 9:19:27 AM IST

Sensex, nifty open in the green

November 20, 2020 9:13:08 AM IST

Virus could disrupt global recovery: IMF

The director of the International Monetary Fund has said that while the United States and other major economies performed better than expected in the third quarter, the world now faces slower momentum with a resurgence of coronavirus cases.

IMF Managing Director Kristalina Georgieva said in a note prepared for a virtual meeting of the leaders of the Group of 20 major economies that significant progress on vaccines raised “hopes of defeating the virus that has claimed more than a million of lives and caused tens of millions of job losses “worldwide.

November 20, 2020 9:07:02 AM IST

Sensex in pre-opening

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November 20, 2020 9:05:06 AM IST

Ranged indices in a previous choppy session

November 20, 2020 9:00:35 AM IST

US futures slippage

US futures fell on Friday after a dispute between Treasury Secretary Steven Mnuchin and the Federal Reserve over its emergency loan facilities. S & P500 futures fell 0.7% while Dow futures fell 0.8%, canceling a firmer lead from a strong overnight Wall Street session.

November 20, 2020 8:53:18 AM IST

Oil prices fall on demand concerns amid spike in covid cases

Oil prices in the United States fell on Friday, falling for a second day as concerns mounted about the impact on demand due to the increase in Covid-19 infections that forced new lockdowns.

West Texas Intermediate fell 9 cents, or 0.2%, to $ 41.65 a barrel at 0039 GMT, after falling about 0.2% on Thursday. Brent crude was not yet trading, having fallen 0.3% in the previous session. The contracts are heading for a third week of earnings.

November 20, 2020 8:48:38 AM IST

Gland Pharma listing today

The company launched its IPO between November 9 and 11, which was subscribed 2.06 times. The company, owned by Fosun of China, raised ₹6,480 million rupees through a public issue.

This is the largest initial public offering in the pharmaceutical sector to date. The successful IPO will see the company join the ranks of India’s top 100 companies by market capitalization, at issue price. Gland had set a price band of ₹1,490-1,500 per share for the IPO.

The successful public offering will also make Gland Pharma the first Chinese-owned company to list on the Indian stock markets.

November 20, 2020 8:43:35 AM IST

Serum can sell Oxford vaccine for ₹ 600 per dose in pharmacies

Serum Institute can sell Covishield, the covid-19 vaccine being developed by the University of Oxford, for around ₹500-600 per dose in the private market, more than double the $ 3 (around ₹220) per shot will cost the government, said CEO Adar Poonawalla.

November 20, 2020 8:37:02 AM IST

Actions to consider: Reliance, Infosys, Bharti Infratel, Vodafone Idea

Reliance, Infosys, Bharti Infratel, Vodafone Idea are among the stocks that will be in the spotlight today.

China’s initial public offering, Gland Pharma Ltd, owned by Fosun, will be listed on the stock exchanges today.

November 20, 2020 8:27:50 AM IST

Indian stock markets may be under pressure

Indian stock markets may be under pressure on Friday, while trends in SGX Nifty suggest a flat-to-positive open for national benchmarks.

On Thursday, Sensex and Nifty reached a new record, but erased all their gains and closed almost 1.3% lower dragged by banking and financial stocks. The BSE Sensex closed at 43,599.96, 580.09 points lower or 1.31%. The Nifty closed at 12,771.70, down 166.55 points or 1.29%.

November 20, 2020 8:16:16 AM IST

Mixed Asian markets

Asian markets came under pressure after US Treasury Secretary Steven Mnuchin called for an end to relief from the coronavirus pandemic for struggling companies, prompting a rare showdown between the central bank and the Treasury. Japan’s Nikkei faltered 0.5%, while South Korea’s KOSPI index was flat and Australian stocks were slightly positive. Chinese stocks saw little change with the top-line CSI300 index taking a firmer tone.

November 20, 2020 8:13:04 AM IST

Wall Street closes higher

Wall Street finished in positive territory on Thursday, as fresh hopes for stimulus boosted investor sentiment towards the end of a session plagued by concerns about shutdowns and layoffs linked to rising rates of covid infection.

The Dow Jones Industrial Average was up 0.15%, the S&P 500 gained 0.39% and the Nasdaq Composite was up 0.87%.