CNBC-TV18 Muhurat Trade Closing: Market ends higher with Sensex up 190 points, Nifty at 11,627; Tata Motors top gainer

Closing Bell: Market ends in green with Sensex up 192 points, Nifty at 11,628##Closing Bell: Market ends in green with Sensex up 192 points, Nifty at 11,628

Indian equity benchmark indices closed higher on Muhurat Trading session. Sensex closed 192.14 points or 0.49 percent higher at 39,250.20 while Nifty50 was trading 43.25 points or 0.37 percent higher at 11,627.15. 

The top-Nifty50 gainer was Tata Motors, which was up 16 percent while Bharti Infratel remained the top-loser, down 3 percent. 

Tata Motors, YES Bank, M&M, Vedanta, and Infosys remained the Nifty50 top-gainers while Bharti Infratel, Coal India, Titan, Grasim and Zee Entertainment remained the top-laggards.

Market veteran Udayan Mukherjee's view on the year ahead##Market veteran Udayan Mukherjee's view on the year ahead

Udayan Mukherjee said, " Thing to watch out for how much government and RBI can do to revive economy considering the global environment. Investors will do better though it could be a rangebound market in Samvat 2076. I feel three Cs will do well in the coming years, which are consumption, corporate banks, and chemicals. Also, public sector companies can be good from a tactical perspective or could be trading opportunities in the next year."

Bharti Infratel's share price falls 3%, down 17% in one-week ##Bharti Infratel's share price falls 3%, down 17% in one week

The stock price of Bharti Infratel fell over 3 percent during Muhurat trading on Sunday. In the last week, the stock has plunged 17 percent since the Supreme Court rejected the telecom companies' definition of Adjusted Gross Revenue (AGR). 

In intraday, the stock was trading 3.22 percent lower to Rs 210.30 per share on the NSE, and the stock hits a 52-week low. 

The last week was a big setback for the telecom companies. Read the article on the big blow for the telecom sector here.

Mahindra & Mahindra's auto sales rise on Dhanteras##Mahindra & Mahindra's auto sales rise on Dhanteras

Mahindra & Mahindra in its BSE filing said, "This festive season on the day of Dhanteras the Auto Division of the Company delivered close to 13,500 vehicles across the country. This figure was substantially higher than the deliveries last year on Dhanteras."

Intraday, the stock surged 2.94 percent at Rs 595 per share on the NSE.

All Nifty50 sectoral indices trade in the green, Nifty Auto rises nearly 2%##All Nifty50 sectoral indices trade in the green, Nifty Auto rises nearly 2%

The Nifty50 index on Sunday opened in the green with Tata Motors as its flagbearer of gains. The stock was up 16 percent while YES Bank rose 8 percent. 

During the Muhurat Trading session, all Nifty50 sectoral indices were trading with positive numbers, with Nifty Auto as the best-performing sector. At 6:54 pm, the Nifty Auto index was up 1.80 percent followed by Nifty PSU Bank, Nifty Metal and Nifty Media. 

BSE Heatmap Update: 23 out of 30 BSE stocks trading in green##BSE Heatmap Update: 23 out of 30 BSE stocks trading in green

The only ones in red from the BSE Heatmap are ICICI Bank, Bajaj Finance, Hindustan Unilever, Power Grid, Maruti Suzuki, TCS, and Bharti Airtel.

NSE Top Gainers: Tata Motors and YES Bank remain in the limelight##NSE Top Gainers: Tata Motors and YES Bank remain in the limelight

NSE top losers during Muhurat Trading include Bharti Infratel, Grasim, Bharti Airtel, Titan and Coal India. Here's a glimpse of what's trading the highest/lowest on Nifty50 currently. 

Pfizer's shares trade over 6% after Q2 net profit widens##Pfizer's shares trade over 6% after Q2 net profit widens

The pharma major Pfizer on Saturday reported a strong set of results with September quarter net profit rising 61 percent year-on-year (YoY) to Rs 154.25 crore. 

On the NSE, the stock is trading 6.92 percent higher at Rs 3,735 per share. 

The company's revenue from operations came in at Rs 567.06 crore in the quarter, up 9.10 percent as against Rs 519.74 crore in the corresponding quarter last year. 

YES bank's shares rise over 8%##YES bank's shares rise over 8% 

The share price of YES Bank rose 8 percent intraday on the NSE during the auspicious Muhurat Trading. Intraday, the stock surged 8.24 percent at Rs 56.45 per share. 

As per the Bank's last BSE filing, it announced that it will take over Rs 6,000 crore of land held by Sumer Group in Radius JV over non-payment of Rs 479 crore loan. 

"The Borrowers and Mortagagors having failed to repay the amount, notice is hereby given to the Borrower/Mortgagors and the public in general that the undersigned has taken the possession of the property described herein below in exercise of powers conferred on him under Section 13(4) of the said Act," said the BSE filing.

Tata Motors' shares up 15 percent after robust Q2 earnings##Tata Motors' shares up 15 percent after robust Q2 earnings

The Muhurat Trading began with a bang with Tata Motors as its front-runner. The stock jumped 15 percent intraday on Sunday after the company's net loss came in at Rs 216.6 crore for the September quarter of FY20. 

The company had reported a net loss of Rs 1,048.80 crore in the corresponding quarter of the last financial year. The group's consolidated revenue came in at Rs 65,432 crore, lower than Rs 71,981.08 crore in the same quarter last year. 

The company said growth continues to be affected by subdued demand, higher axle loads, liquidity stress, low freight availability for cargo operators and general economic slowdown.

Jaguar's EBITDA margin stood at 13.8 percent which is among the highest in the last 16 quarters, the company claimed. EBIT margin came at 4.8 percent.

15 Muhurat picks which could give returns up to 53% by Diwali 2020##15 Muhurat picks which could give returns up to 53% by Diwali 2020

The renewed buying interest after government measures, including corporate tax rate cut to boost economic growth and stable global cues, helped the market close Samvat 2075 with more than 9 percent gains. 

Experts expect the market to hit new record highs and to give another 7-12 percent return by next Diwali 2020 or end of Samvat 2076, with gradual pick up in broader markets after underperformance for the last 18 months. Read the more on this here.

Reliance Industries reorganises telecom, digital business##Reliance Industries reorganises telecom, digital business

Reliance Industries has decided to reorganize its telecom and digital facing business by setting up a wholly-owned subsidiary for digital platform initiatives.

The business will have a total capitalization of Rs 1,73,000 crore and will house all of Reliance telecom and digital functions.

This also means that after the transaction is complete, the Wholly owned subsidiary will hold 100 percent equity in Reliance Jio and Jio will in effect be a subsidiary of the new company. Read Sonia Shenoy's article on the Reliance Jio Restructuring.

Key stocks to be in focus- Tata Motors, ICICI Bank, Reliance Industries, SBI along with others##Key stocks to be in focus- Tata Motors, ICICI Bank, Reliance Industries, SBI along with others

Muhurat Trading will begin in next 15 minutes and here's a quick update on the stocks that will be the focus today:

1. Tata Motors: On October 25, the carmaker reported a 79 percent year-on-year (YoY) fall in its net loss at Rs 216.6 crore for the September quarter of FY20. The company had reported a net loss of Rs 1,048.80 crore in the corresponding quarter of the last financial year. The group's consolidated revenue came in at Rs 65,432 crore, lower than Rs 71,981.08 crore in the same quarter last year. Consolidated EBITDA came at Rs 7,045 crore against the CNBC-TV18 poll of Rs 5,401 crore, while consolidated EBITDA margin stood at 10.8 percent.

2. ICICI Bank: Country's largest private sector lender ICICI Bank on October 26 reported a 28 percent year-on-year (YoY) decline in its September quarter profit due to deferred tax assets adjustment (DTA). Profit after tax (PAT) dipped to Rs 654.96 crore in Q2FY20, against Rs 908.88 crore in the same period last year, but supported by strong PPoP and other income, and lower provisions. Net interest income (NII) during the quarter grew by 26 percent to Rs 8,057.43 crore with 13 percent credit growth YoY. Domestic loan growth stood at 16 percent as the bank continued to leverage its strong retail franchise.

3. SBI: India’s largest bank, on Friday, posted a 219 percent jump in the net profit for the September quarter at Rs 3,012 crore, as against Rs 945 crore in the same period of last year. The bank made a Rs 3,500-crore profit from stake sale in SBI Life Insurance. The bank’s gross non-performing assets (NPAs) declined to Rs 161,636 crore (7.19 percent of advances) from Rs 205,864 crore (9.95 percent) a year ago. Net interest margin (NIM) rose to 3.22 percent from 2.80 percent. 

A combined brokerage reports on top Diwali stocks for Muhurat Trading##Here's a combined brokerage report on top Diwali stocks for Muhurat Trading

In terms of stock market performance in the last one year, overall Nifty delivered a return of 11 percent since Diwali last year (November 7, 2018) till October 15, 2019, while the broader market underperformed with the Nifty Midcap 100 and the Nifty Smallcap 100 were down 6 percent and 10 percent over the same period. Here are the stock recommendations from major brokerages.