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Market Live Updates: Indices off day’s high with Nifty around 12,800; IT, FMCG gain – Moneycontrol.com

November 20, 2020 07:57 AM IST

Stocks in the news | Reliance Industries, Tata Chemicals, Route Mobile, RPP Infra Projects, Vikas Multicorp

imageStocks in the news | Reliance Industries, Tata Chemicals, Route Mobile, RPP Infra Projects, Vikas Multicorp” title=”

Stocks in the news | Reliance Industries, Tata Chemicals, Route Mobile, RPP Infra Projects, Vikas Multicorp

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Gland Pharma, Mphasis, Shree Rama Newsprint, Modison Metals, Max Financial Services, Aarti Industries, UPL, Pricol, Mcdowell Holdings, Kanchi Karpooram, Autoline Industries, Himadri Speciality…

November 20, 2020 07:57 AM IST

Click here for all the latest information on coronavirus and its vaccine development 

November 20, 2020 11:08 AM IST

Market Update: Sensex is down 22.15 points or 0.05 percent at 43577.81, and the Nifty shed 1.40 points or 0.01 percent at 12770.30. Titan Company, Bajaj Finserv, Nestle India and NTPC are the top gainers while IndusInd Bank, Axis Bank and Reliance Industries dragged the most.

Among the sectors, IT and FMCG space added a percent each while the midcap and smallcap indices are also trading in the green.

Market Update : Sensex is down 22.15 points or 0.05 percent at 43577.81, and the Nifty shed 1.40 points or 0.01 percent at 12770.30. Titan Company, Bajaj Finserv, Nestle India and NTPC are the top gainers while IndusInd Bank, Axis Bank and Reliance Industries dragged the most. Among the sectors, IT and FMCG space added a percent each while the midcap and smallcap indices are also trading in the green.

November 20, 2020 10:58 AM IST

Buzzing Stock: Shares of Mphasis gained following the acquisition of US-based data operations specialist Datalytyx. The information technology solutions provider announced its acquisition of Datalytyx, a leading next-gen data engineering and consultancy company, on November 19.

November 20, 2020 10:49 AM IST

Buzzing Stock: Autoline Industries share price was down over 3 percent after ace investor Rakesh Jhunjhunwala and his wife reduced stake in the company to 5.65 percent on November 19, against 6.2 percent in September quarter.

November 20, 2020 10:44 AM IST

MFs raise stake in more than 50 stocks in September quarter, do you own any?

MFs raise stake in more than 50 stocks in September quarter, do you own any?

Investors should always follow certain rules before buying or selling a stock. Some of the parameters can be earnings growth, sales and volume growth, margins sustenance and market share increase.

November 20, 2020 10:38 AM IST

Anil Kumar Bhansali, Head Treasury, Finrex Treasury Advisors: The USD-INR pair was in a small range of 15 paise on November 19 and today as well it should remain in a range of 74.00 to 74.40. Though stocks fell yesterday, it looked more like profit booking than risk aversion. Yesterday RBI stopped the appreciation at 74.17 and today the lower end could be 74.00 depending on the flows. For those selling dollars would wait for 74.30. Current risks include Brexit finalization, US presidency confirmations, and rising pandemic cases in US and Europe.

November 20, 2020 10:33 AM IST

Rupee trades higher: The Indian rupee has started off trade at 74.13 against the US dollar rising 14 paise compared to previous close. The currency had closed at 74.27 to the dollar in previous session, down 8 paise. The rising equity market and consistent FII inflow supported the currency market.

November 20, 2020 10:24 AM IST

Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services: The market appears tantalisingly poised now. Sustained FII buying is providing support to the market while continuous DII selling is pulling the market down. Bouts of profit booking at record high levels are normal. Also, corrections are desirable for markets to remain healthy. The next leg of market rally is likely to be in mid and smallcaps. There are some concerns on the second wave of the pandemic. But this is likely to be short lived since there is hope on the vaccine front.

November 20, 2020 10:16 AM IST

Gland Pharma shares debut at Rs 1,710, a 14% premium over issue price: China’s Fosun Pharma-backed Gland Pharma shares started off trade with a 14 premium compared to the issue price on November 20. The stock opened at Rs 1,710 on the National Stock Exchange against issue price of Rs 1,500, while it was up 13.40 percent at Rs 1,701 in the opening on the BSE. Read More