Stock Market Highlights: Sensex ends choppy session 248 pts higher and Nifty50 crosses 18,400

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Maruti positive pocket in auto sector, slightly positive on Escorts: Jai Bala 

"The auto sector is forming some sort of momentum drop, if the sector will break below Rs 12,750 the key support here and close below it, I think there's a trend change for the sector. Now the earlier support was about Rs 12,400 that has moved up to 12,750. If Rs 12,750 holds, the sector is okay. But the positive pocket for me is a Maruti but still on line touch. If Maruti stays about Rs 8,800 it has potential to clock fresh record highs. I am already slightly positive on Escorts. So if Maruti breaks Rs 8,800it's I think it's unlikely, but the key level to watch is Rs 12, 750 on a closing basis. If that happens, there's a slight change in trend for the sector," says Jai Bala of cashthechaos.com.

Underweight in IT to be reduced in the next 3-6 months: Trideep Bhattacharya
“Incrementally over the next 3-6 months will be the time to reduce some underweight in IT rather than going further underweight on IT. How we go through this process depends on the valuations and various different dynamics. However our maximum underweight on IT was around September-October 2021 and we have kind of held it stable so far. As valuations get more sanguine we will probably be looking at it little more favorably than otherwise as we get towards the first half of next year,” says Trideep Bhattacharya, Chief Investment Officer-Equities at Edelweiss AMC.

Sensex and Nifty end choppy session higher

-- ICICI Bank lifts Nifty by 30 points and Nifty Bank by 232 points

-- Infosys, Bharti, SBI, HDFC, HDFC Bank with ICICI top Nifty contributors

-- ONGC moves two percent higher, Apollo Tyres rises four percent after a strong September quarter

-- Balkrishna Ind surges nine percent from opening lows following earnings and commentary

-- City gas companies see buying with MGL, IGL and Guj Gas rising 2-6 percent

-- GSPL continues gaining momentum, up eight percent in two days after earnings

-- Info Edge, NMDC, Polycab, GNFC, Astral are top midcap losers

-- IRCTC & GMR Infra fall two percent and four percent respectively on operationally soft quarter

-- Market breadth favours declines, advance-decline ratio at 4:5

Rupee ends higher at 81.10 vs dollar

Hindustan Aeronautics receives letter of intent for 9 more projects from Indian Coast Guard

Syngene Intl’s Bengaluru unit cleared by US drug regulator

KFin Technologies receives SEBI nod for Rs 2,400 crore IPO

October volumes were 10% lower than our estimates: Abhishek Somany of Somany Ceramics

Inox Green Energy Services IPO fully subscribed on final day

As of 1:42 pm, the IPO of Inox Green Energy has received bids for 9.1 crore shares as against the 6.7 crore shares on offer — a subscription of 1.4 times. Bidding will continue till 5 pm today. (Read more)

Government unlikely to change rates as part of fortnightly review scheduled for November 15: Sources to CNBC-TV18

PB Fintech slips to day's low 

US drug regulator currently inspecting Unit 9 of Aurobindo Pharma: Sources to CNBC-TV18 

The Unit 9 received an Official Action Indicated status from the USFDA in 2019. An OAI classification means that the USFDA may withhold approvals of any pending products until outstanding observations are resolved. (Read more)

Time to go overweight on laggard sectors like energy: CLSA

The Indian markets have been resilient to global pressures in 2022 and have outperformed their emerging market peers by some margin. The question now being raised by some market watchers is whether the valuations are too expensive or if there is still headroom for the bulls. (Read more)

PB Fintech requests IRDAI to allow Policy Bazaar to reduce commission rates: Sources to CNBC-TV18