Thank you readers! Here are the key highlights from today's session

- Sensex & Nifty End The Week On A Quiet Note, Close 0.1% Lower

- Midcap Index Surges 486 Points, Sees Best 1-day Gain In Almost 38 Weeks

- Nifty Bank Ends 20 Points Higher; HDFC Bank Pulls Index Higher, Axis Bank Drags

- Nestle, Shree Cem & Power Grid Fall Sharply In Last Hour Of Trade Down 2% Each

- Gas Cos Surge After Regulator Notifies Unified Tariff Rules, IGL Up 11%

- All Sectoral Indices Except Nifty IT End In The Green Today

- Market Breadth Remains In Favour Advances, Ratio At 2:1

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- Market Records Highest Monthly Gains In FY20 So Far Supported By Highest-ever FII Flows

- Sensex & Nifty Rise 11.5% In Nov, Nifty Bank Gains 25% & Midcap Index Up 15%

- Bajaj Twins & IndusInd Bank Top Gainers This Mth While UPL & Reliance Top Losers

- Only 4 Nifty Stocks End In The Red For Nov – UPL, RIL, HCL Tech & DRL

Nov 27, 2020 3:49 PM

Closing Bell: Sensex, Nifty end lower after a choppy session; broader markets outperform

Indian indices ended lower after a choppy session on Friday dragged by losses in bank and IT stocks and heavyweight RIL. The Sensex ended 110 points lower at 44,149 while the Nifty lost 18 points to settle at 12,969. However, broader markets outperforemd benchmarks with the Nifty Midcap and Nifty Smallcap up 2.6 percent and 3.2 percent, respectively. On the Nifty50 index, Tata Motors, Asian Paints, Hero Moto, Divi's Labs and Bajaj Auto were the top gainers while Nestle, Powergrid, JSW Steel, Shree Cement, and HCL Tech led the losses.

Nov 27, 2020 3:33 PM

Market Watch: Dipan Mehta of Elixir Equities

City Gas Distribution companies

“We would still like to go with the City Gas Distribution companies and since they have come into play last decade or so these have traded significant value and also being of great service to society per se in terms of reducing pollution as well. I am very positive on City Gas Distribution companies and to play the entire gasification of the economy theme I think these are the best plays.”

Auto

“I would like to be a bit cautious on autos at this point of time. Most of these auto shares have run-up significantly right from March and no doubt the pent-up demand help these companies but the way two-wheeler sales are flattening out I am bit skeptical that maybe even the passenger vehicle say maybe 2-3 months down the line may start to stagnate.”

Nov 27, 2020 3:33 PM

EVENTS NEXT WEEK

> Market holiday on Monday : Guru Nanak Jayanti

> Tue - Dec 1

- Auto companies to report Nov sales volume nos from Tuesday onwards

- Nov PMI Details to be out

> Friday - Dec 4

RBI Interest Rate Decision (RBI Policy)

Nov 27, 2020 3:20 PM

Q2 Review: 34 stocks in the Nifty50 index saw EBITDA margin expansion in September quarter

In a recent report, brokerage house Motilal Oswal pointed out that 34 out of 50 companies in the Nifty50 index have seen an expansion in EBITDA margin. Get latest Earnings online at cnbctv18.com

Nov 27, 2020 3:10 PM

Inventory gains likely if crude stays at current levels: HPCL

“There is a possibility of higher inventory gains if crude prices remain at current levels,” said MK Surana, CMD of HPCL in an interview to CNBC-TV18. HPCL’s volume sales rose 4-5 percent in November over October. “Year on year, if I see November, we should be down around 6-7 percent compared to November 2019 but we need to account for festive timing and assuming that there is not serious scare of further waves of COVID, I think the petrol demand should improve and diesel is improving, but let’s see to what extent,” added Surana. For entire interview, watch video

Nov 27, 2020 2:54 PM

Market Watch: Hemen Kapadia of KRChoksey Securities

"I have a buy call on Sun Pharma Advanced Research Company (SPARC), stock looks good, we have had crossover buy coming in by the mechanical indicators over coming of the 55 day moving average. Buy it around Rs 180 with a stop loss of Rs 173 and target of Rs 194. The second is a buy call on Sterlite Technologies, brilliant consolidation, looks good, volumes spiked today. So buy at Rs 160 with a stop loss of Rs 154 and a target of Rs 172. Lastly, a sell call on ACC at Rs 1,680 with a stop loss of Rs 1,715 and a target of Rs 1,640, negative divergence, crossover sales, on the verge of making a lower top lower bottom on the daily charts."

Nov 27, 2020 2:38 PM

Loan Moratorium Case Live Updates: Supreme Court resumes hearing on petitions seeking interest waiver soon

The Supreme Court will resume the hearing in the interest waiver or loan moratorium case soon. On November 19, the apex court had directed the Centre and the Reserve Bank of India (RBI) to respond to…

Nov 27, 2020 2:28 PM

Automobile wholesales in November likely to grow YoY for all segments (ex-M&HCV): Motilal Oswal

According to the Automobiles report from Motilal Oswal Financial Services, Wholesales in Nov’20 are expected to grow YoY for all segments (ex-M&HCV) due to sustaining demand, inventory refilling and normalizing supply-chain bottlenecks at the OEM level. Demand remains skewed towards semi-urban and rural markets for 2W/PVs. In Nov’20, wholesale volumes are estimated to grow at 19.6% for 2Ws on a low base, 12.6% for PVs due to sustaining demand and inventory refilling, and 6.5% for CVs on the back of LCV growth of 14%, but restricted by the around 5 percent decline in M&HCVs. Wholesale volumes for Tractors are expected to grow by 86.5% YoY on robust demand, the timing difference of Diwali in 2020 and a low base.

Nov 27, 2020 2:16 PM

Nov 27, 2020 2:03 PM

SBI Chairman Dinesh Khara expects significantly lower GDP contraction in Q2

State Bank of India chairman Dinesh Khara said the second quarter has seen a significant improvement in the activity level. Speaking to CNBC-TV18's Shereen Bhan at Hindustan Times Leadership Summit 2020, he said demand revival has kick-started the economy and expects a significantly lower GDP contraction at the end of the second quarter. On RBI's new banking ownership rules, he said, "Whatever maybe the ownership structure, the most important in banking system is the corporate governance, related party transactions and exposure limits, as long as these things are enforced either through regulation or through oversight mechanism, the banking system should not have much of issue." Watch video for more

Nov 27, 2020 1:48 PM

Positive trend to sustain, says SBI Life

Mahesh Kumar Sharma, MD & CEO of SBI Life Insurance expects the recent recovery trends to sustain. “We are improving in ULIPs from September and seeing growth over last year with market sentiment improving,” he said. According to him, October numbers were impacted by reintroduction of lockdowns.

“I don’t think there was much of a difference in new business growth in October. The only thing was that there were some pockets where the lockdown was reintroduced and was stricter. So that was one of the factor where October growth was not much over September growth,” said Sharma. For entire interview, watch video

Nov 27, 2020 1:34 PM

Burger King India IPO opens December 2; price band fixed at Rs 59-60/share

Quick service restaurant chain Burger King India will launch its maiden public offer for subscription on December 2 at a price band fixed at Rs 59-60 per share. This is 5.9-6 times its face value of equity shares. The initial public offering (IPO), which will open for subscription on December 2 and close on December 4, 2020, consists of a fresh issue of Rs 450 crore and an offer for sale of 6 crore equity shares by promoter QSR Asia Pte Ltd aggregating to Rs 360 crore. At a higher price band, the Indian subsidiary of US-based Burger King aims to raise Rs 810 crore via the issue. Investors can bid for a minimum of 250 equity shares and in multiples of 250 equity shares thereafter. It means retail investors can apply for a maximum up to 3,250 equity shares at a higher price band. More here

Nov 27, 2020 1:19 PM

Nov 27, 2020 1:04 PM

Gold rate today: Yellow metal trades flat; may face resistance at Rs 48,900 per 10 gms level

Gold prices in India traded steady on the Multi Commodity Exchange (MCX) Friday tracking a muted trend in the international spot prices. The yellow metal is likely to trade in a range for today, analysts said. Gold futures for December delivery rose 0.09 percent to Rs 48,560 per 10 grams as against the previous close of Rs 48,517 and the opening price of Rs 48,508 on the MCX. Silver futures traded 0.52 percent lower at Rs 59,563 per kg. The prices opened at Rs 59,507 as compared to the previous close of Rs 59,873 per kg. Both the precious metals ended flat on Thursday as markets were closed in the US for Thanksgiving Day. More here

Nov 27, 2020 12:47 PM

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