Here's how stock market fared this week:

1. Sensex gains 5.7% & Nifty 5.3% to record biggest weekly gains in 5 months

2. Nifty Bank surges 12.1% this week ; Biggest weekly gain in 8 months

3. Midcap Index moves 4.3% higher this week; Biggest weekly gains in 5 months

4. Except Realty, all sectoral indices record gains this week; Nifty PSU Bank top gainer

5. 43 Nifty stocks post gains this week; IndusInd Bank, SBI, Bajaj Finance & Bajaj Finserv top gainers

Nov 6, 2020 4:10 PM

Here are the key takeaways from today's trading session:

1. Market posts gain in all 5 trading sessions this week

2. Market ends at nearly 10-month high; Sensex & Nifty up over 1% each

3. Nifty less than 200 points away from record high

4. Sensex less than 500 points away from record high

5. Nifty gains 143 points to 12,264 & Sensex 553 points to 41,892

6. Nifty Bank advances 486 points to 26,799 & Midcap index 126 points to 17,803

7. Except Pharma, all sectoral indices close higher; volatility index slips 2%

8. 31 Nifty stocks close with gains; Bajaj Finserv, RIL, IndusInd top gainers

9. Reliance Industries & HDFC Bank contribute over 50% to Nifty's gain of 143 points

10. RIL gains over 3% ater PIF's Rs 9,555 crore investment in Reliance Retail at higher valuations

11. Maruti, GAIL, Bharti Airtel, UltraTech Cement top Nifty losers in Friday’s trade

12. BPCL & CONCOR slip on comment of DEA Secretary w.r.t divestment completion

13. Market Breadth favours advances; advance-decline ratio at 3:2

Nov 6, 2020 4:01 PM

Closing Bell: Market ends over 1% higher, Nifty above 12,260; financials rally, Bajaj Finserv top gainer

The Indian benchmark equity indices, Sensex and Nifty ended with robust gains on Friday led by heavy buying in banking and financial stocks amid positive global cues.

The Sensex ended 552.90 points or 1.34 percent higher at 41,893.06 while the Nifty gained 143.25 points or 1.18 percent to close at 12,263.55. Broader indices, Nifty Smallcap100 and Nifty Midcap100 indices gained 0.5 percent each.

Among sectors, Nifty Private Bank rallied the most over 2 percent followed by Nifty Financial Services, Nifty IT and Nifty Realty while Nifty Pharma and Nifty FMCG ended in the red.

Nov 6, 2020 3:38 PM

Rupee Close: The Indian currency erased some of the early gains but manage to close higher at 74.20 per dollar against previous close of 74.38, amid buying seen in the domestic equity market.

Nov 6, 2020 3:24 PM

Gold rate today: Yellow metal trades lower; support seen at Rs 51,750 level

Gold prices in India traded lower on the Multi Commodity Exchange (MCX) Friday after witnessing a rally in the previous session while silver prices rose.

At 11:15 am, gold futures for December delivery fell 0.38 percent to Rs 51,857 per 10 grams as against the previous close of Rs 52,055 and opening price of Rs 51,912 on the MCX. Silver futures traded 0.13 percent higher at Rs 64,335 per kg. The prices opened at Rs 64,479 as compared to the previous close of Rs 64,253 per kg.

Strength in the Indian rupee amid buying in the domestic equity market pressurized the yellow metal prices.

International gold fell on Friday after surging in the previous session, as the dollar gained, but was set for its best week since late July on hopes for more central bank economic support as investors bet on a divided US Congress under a Biden presidency, Reuters reported. Here's more

Nov 6, 2020 3:23 PM

10 companies with m-cap above Rs 10,000 cr have more than 25% of promoter holdings pledged

Investors wondering over promoters pledging their holdings will find little reasons to be excited even though the latest trend remains more or less unaltered.

According to a recent report by Edelweiss Securities, the value of pledge for the July-September quarter stood around Rs 2 lakh crore, about 1.3 percent of the total market capitalization of the Edelweiss Alternative Research universe. Ten companies with a market cap above Rs 10,000 crore had more than 25 percent of promoter holdings pledged.

Ruchi Soya and Max Financial were the companies with a market cap above Rs 10,000 crore having the highest promoter holding pledged at 99.93 percent and 90.32 percent, respectively. Click here to read more

Nov 6, 2020 3:06 PM

Dr Lal PathLabs

Nov 6, 2020 2:45 PM

Gland Pharma: Key things to know about India's largest pharma IPO

Fosun Singapore and Shanghai Fosun Pharma-promoted Gland Pharma is set to launch its initial public offer (IPO) worth over Rs 6,400 crore on November 9. The company has fixed the price band for its offer at Rs 1,490-1,500 per share.

At the higher price band, Gland Pharma aims to raise Rs 6,479.54 crore via public issue.

The issue, closing on November 11, will open for a day for anchor investors on November 6.

The IPO consists of a fresh issue of Rs 1,250 crore and an offer for sale of 3,48,63,635 equity shares by the promoter and other selling shareholders. Click here for more

Nov 6, 2020 2:25 PM

Explained: How to send money on WhatsApp

Messaging app WhatsApp on Friday rolled out UPI payment services for its customers. Through this facility, people across India will be able to send money through WhatsApp.

WhatsApp has designed this payment feature in partnership with the National Payments Corporation of India (NPCI).

To send money on WhatsApp, users must have a bank account and debit card in India. If you haven't set up a UPI linked to your bank account, you do so through WhatsApp.

Payments are available in ten Indian regional language versions of WhatsApp. For the same, the users need a debit card with a bank that supports UPI and the latest Android or iOS version of WhatsApp.

Since this is a phased rollout, some users may not be available to use WhatsApp immediately. Read all the steps here

Nov 6, 2020 2:11 PM

Alkem Labs reports an overall improvement in earnings with profit increasing 27% and margin more than 500 bps YoY

Nov 6, 2020 1:57 PM

Indian Overseas Bank Q2FY21 | The bank reported a net profit of Rs 148.1 crore as against a loss of Rs 2,253.6 crore, YoY. Net ineterst income increased 29.7 percent to Rs 1,561.3 crore from Rs 1,204 crore, YoY. Asset quality improved as gross NPA fell 3.45 percent to Rs 17,660 crore from Rs 18,291 crore while net NPA declined 13 percent to 5,291 crore from Rs 6,081 crore, QoQ. Gross NPA ratio fell 86 bps to 13.04 percent while net NPA ratio decreased 80 bps to 4.30 percent, sequentially.

Nov 6, 2020 1:49 PM

Manappuram Finance Q2FY21 | The company’s net profit fell to Rs 405.6 crore from Rs 428.1 crore while revenue rose 16.6 percent to Rs 1,566 crore from Rs 1,343 crore, YoY.

Nov 6, 2020 1:42 PM

BEML Q2FY21 | The company reported a net profit at Rs 17.2 crore in Q2FY21 as against a loss of Rs 27.2 crore, YoY. Topline dipped 3.4 percent to Rs 663.7 crore from Rs 687.1 crore, YoY. EBITDA during the quarter comes in at Rs 37.8 crore versus an EBITDA loss of Rs 7.3 crore, YoY.

Nov 6, 2020 1:38 PM

Nov 6, 2020 1:32 PM

Voltas Q2FY21 | The company's consolidated net profit declined 25.7 percent to Rs 80 crore from Rs 107 crore while revenue rose 13.4 percent to Rs 1,612.5 crore from Rs 1,422 crore, YoY. Earnings before interest, tax, depreciation and amortizations (EBITDA) was down 7.5 percent at Rs 98 crore versus Rs 106 crore and margin was down 6.1 percent versus 7.4 percent, YoY.

Nov 6, 2020 1:29 PM

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