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Nov 11, 2019 03:38 PM IST | Source: Moneycontrol.com

Closing Bell: Sensex manages to close in green, but Bank Nifty climbs over 1%

Sensex ended 21.47 points higher or 0.05 percent at 40345.08, and the Nifty ended at 11913.50. YES Bank, ICICI Bank and Tata Motors were the top gainers while Hero MotoCorp, Vedanta and Nestle India dragged the most. The most active shares included YES Bank, ICICI Bank and Indiabulls Housing Finance.

  • Nov 11, 04:16 PM (IST)

    Manav Chopra, CMT, Head Research - Equity at Indiabulls Ventures: Bulls take a day off, 11,850 zone has not been breached so far. Below ths zone profit-taking towards the lower support zone of 11,700 is likely. Index currently is witnessing a phase of consolidation. Broader trend continues to remain positive and traders should utilize dips towards support zone to build long positions. Overall we continue to maintain our positive view on the index for new all-time highs above 12,100. Support is at 11,850-11,700 and resistance is at 12,000-12,100. 

    Bank Nifty relatively performed better. In the near term, 30,400-30,600 is the support zone for the index, breach of the support zone can trigger a sharp profit booking towards the next support of 29,700. A near term consolidation phase cannot be ruled out. Broader uptrend continues to remain intact and overall fresh all time highs for Bank Nifty is on the cards. Support is at 30,400-30,000 and resistance is at 31,100-31,400.

  • Nov 11, 04:03 PM (IST)

    Ajit Mishra Vice President, Research at Religare Broking: Markets remained ranged bound throughout the session with negative bias led by subdued global markets. However, healthy buying in the last hour helped the Nifty index to end flat at 11,913 levels. The broader markets outperformed with BSE midcap and smallcap ending with gains of 0.3 percent and 0.2 percent respectively. The sectoral indices witnessed mixed trend. While sectors like IT, FMCG and Auto ended with losses, other sectors like Banking, oil & gas and realty ended with gains. 

    We continue to maintain our cautious stance on Indian markets given the recent run up. Going forward, last leg of earnings announcement, key data like CPI/WPI and IIP is likely to induce volatility into the markets. On the global front, market participants would keep a close watch on trade developments between US-China as the two approach closer to sign phase one of the trade deal.

  • Nov 11, 04:02 PM (IST)

    Adani Ports Q2: Consolidated net profit grew 72.4 percent at Rs 1,059.2 crore against Rs 614.2 crore YoY. Consolidated revenue went up 8.2 percent at Rs 2,821.2 crore against Rs 2,608 crore YoY. Consolidated EBITDA was up 15.7 percent at Rs 1,311.1 crore against Rs 1,133 crore YoY. Consolidated EBITDA margin stood at 46.5 percent against 43.4 percent YoY.

  • Nov 11, 03:58 PM (IST)

    Hindalco Industries Q2: Consolidated net profit at Rs 974 crore against Rs 1,448 crore YoY. The company reported one-time loss at Rs 256 crore. Consolidated revenue went down 8.8 percent at Rs 29,657 crore against Rs 32,507 crore YoY.

    Consolidated EBITDA fell 8.4 percent at Rs 3,918 crore against Rs 4,276 crore YoY. Consolidated EBITDA margin remained flat at 13.2 percent YoY.

  • Nov 11, 03:36 PM (IST)

    Market at close: Sensex ended 21.47 points higher or 0.05 percent at 40345.08, and the Nifty ended at 11913.50. About 1239 shares have advanced, 1280 shares declined, and 168 shares are unchanged. 

    YES Bank, ICICI Bank and Tata Motors were the top gainers while Hero MotoCorp, Vedanta and Nestle India dragged the most. The most active shares included YES Bank, ICICI Bank and Indiabulls Housing Finance.

  • Nov 11, 03:28 PM (IST)

    Bank Nifty outperforms, up 400 pts or 1.2%

    Bank Nifty is the outperforming sector, up over a percent led by gains from YES Bank which spiked 5 percent followed by ICICI bank, IndusInd Bank, Axis Bank, HDFC Bank, Kotak Mahindra Bank and State Bank of India.

  • Nov 11, 03:21 PM (IST)

    Astron Paper Q2: Net profit went down 65.3 percent at Rs 2.8 crore against Rs 8.1 crore YoY. Revenue fell 16.2 percent at Rs 85.2 crore against Rs 101.6 crore YoY. EBITDA was down 43.1 percent at Rs 8.1 crore against Rs 14.2 crore YoY. EBITDA margin stood at 9.5 percent against 14 percent YoY.

  • Nov 11, 03:12 PM (IST)

    Sanghi Industries Q2: Net profit at Rs 6.2 crore against Rs 2 crore YoY. Revenue went down 16.2 percent at Rs 204.7 crore against Rs 244.1 crore YoY. EBITDA grew 14.1 percent at Rs 37 crore against Rs 32.4 crore YoY. EBITDA margin stood at 18.1 percent against Rs 13.3 percent YoY.

  • Nov 11, 03:10 PM (IST)

    Amara Raja Batteries Q2: Consolidated net profit went up 81.8 percent at Rs 218.6 crore against Rs 120.2 crore YoY.

  • Nov 11, 03:09 PM (IST)

    Tata Motors October auto sales: Total JLR retail sales went down 5.5 percent YoY at 41,866 units. North America JLR sales fell 0.3 percent YoY while total JLR China sales grew 16.2 percent YoY. Total Europe sales sent down 7.9 percent YoY.

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