CNBC-TV18 Market Highlights: Sensex, Nifty settle with gains after volatile trade led by Infosys, ICICI Bank, HDFC twins

Here's a quick wrap-up of how the markets fared today##Here's a quick wrap-up of how the markets fared today

-Last-hour Recovery Helps Market Close Near Day’s High
-Nifty Up 69 Points, Sensex 260 Points From Day’s Low
-Nifty Bank Outperforms Frontline Indices, Up 412 Points From Lows
-Midcap Index Closes In-line With Benchmarks, Up 144  Points From Lows
-ICICI Bank, HDFC Bank & Infosys Lift Market While Reliance Ind Drags
-Bharti Airtel & Bharti Infratel Amongst Top Nifty Losers On AGR Payment Issue
-IOC Closes Higher As Rpts Say Govt Mulls Cutting Stake Below 51%
-Zee Ent Slips 3% To End At A 2-week Low
-Vedanta Falls 3% After Reporting Q2 Earnings Below Estimates
-Market Breadth Favours Declines; Advance-Decline Ratio At 1:2

Sensex heatmap at close: ICICI Bank, Infosys lead gainers, IndusInd Bank, Vedanta top losers##Sensex heatmap at close: ICICI Bank, Infosys lead gainers, IndusInd Bank, Vedanta top losers

Closing Bell: Sensex gains 170 points, Nifty at 11872, Infosys, ICICI Bank lead gainers##Closing Bell: Sensex gains 170 points, Nifty at 11872, Infosys, ICICI Bank lead gainers

The BSE Sensex jumped 170 points, or 0.42 percent, to settle Thursday's volatile trade at 40,286. The NSE Nifty50 also added over 31 points, or 0.27 percent, to end the day's trade at 11,872. The Nifty MidCap 100 index surged over 0.31 percent, while the Nifty Bank surged 0.68 percent. Among Nifty gainers, ICICI Bank surged 2.53 percent, while Infosys, Bajaj Finance, HDFC Bank and Maruti gained between 1 and 2 percent. Among losers, Bharti Infratel, IndusInd Bank, ZEEL, Vedanta and Hindalco declined between 2 and 4 percent.

Navkar Corp surges 8% as Q2 PAT up 3-fold on year##Navkar Corp surges 8% as Q2 PAT up 3-fold on year

Shares of Navkar Corp extended gains and rose nearly 8 percent to Rs 36.60 after the company reported a threefold jump in net profit at Rs 10.15 crore in July-September. The company's operating margin expanded sharply in the quarter, up 710 basis points at 31.36 percent. Revenue from operations rose 16.5 percent to Rs 130 crore in July-September. So far today, 419,070 shares of the company were traded on the NSE, above the six-month average daily volume of 469,261 shares. The stock was up 4.6 percent at Rs 35.50 at 3.02 pm. 

Prestige Estates Q2 profit up 14% at Rs 110.6 crore##Prestige Estates Q2 profit up 14% at Rs 110.6 crore

Realty firm Prestige Estates Projects has reported a 14 percent increase in its consolidated net profit at Rs 110.6 crore for the second quarter of this fiscal year.

Its net profit stood at Rs 96.8 crore in the year-ago period, according to a regulatory filing.

Total income rose to Rs 1,962.7 crore during July-September period of 2019-20 fiscal year from Rs 1,338.7 crore in the corresponding period of the previous year.

Prestige group has diversified business model across residential, office, retail, and hospitality segments with operations in 12 key locations in India.

The group has completed 241 projects with developable area of 125 million sq ft and has 45 ongoing projects across segments, with total developable area of 48 million sq ft.

Further, it has 65 million sq ft in the planning stage, and holds a land bank with potential developable area of over 29 million sq ft.

The consolidated turnover of the company during 2018-19 was Rs 5,284 crore with operating income of Rs 1,566 crore.

Despite auto slowdown, this Maruti Suzuki car registered 419% yearly sales growth##Despite auto slowdown, this Maruti Suzuki car registered 419% yearly sales growth

As auto sector in the country struggles owing to the ongoing economic slowdown, the festive season brought only a slight reprieve. The sales figures for October released by the Society of Indian Automobile Manufacturers (SIAM) showed the domestic passenger vehicle segment witnessed a marginal increase of 0.28 percent to 285,027 units last month, up from 284,223 units in October 2018. Maruti Suzuki India (MSI) has been one of the worst-affected manufacturers, consistently reporting declining sales over the course of the year. It reduced  production by 20.7 percent in October, making it the ninth straight month when the country's largest carmaker lowered its output. READ MORE

Pidilite Industries expects growth to improve in the medium term##Pidilite Industries expects growth to improve in the medium term

Piditlite Industries reported weak second quarter earnings. Domestic volume growth was at mere 1 percent, while consumer volumes declined by 1 percent. Talking about the weak numbers, Pidilite Industries ED Apurva Parekh told CNBC-TV18  that it was due to a combination of factors such as unfavourable market conditions, liquidity challenge, and prolonged monsoon - all led to lower growth in the quarter. READ MORE

Muthoot Finance expects gold AUM growth to be at 15% for FY20, says MD##Muthoot Finance expects gold AUM growth to be at 15% for FY20, says MD

Muthoot Finance on Wednesday reported a 76.4 percent jump in consolidated net profit at Rs 908.54 crore for the second quarter ended September 30 of this fiscal. The company's net profit stood at Rs 515.06 crore in July-September period last year. George Alexander Muthoot, the managing director of the company, in an interview with CNBC-TV18 spoke the result and outlook for the future. READ MORE

Central Bank Q2 results: FY19 gross NPA divergence at Rs 2,565 crore##Central Bank Q2 results: FY19 gross NPA divergence at Rs 2,565 crore

Q2 Earnings: 10 Nifty companies witness upgrades above 3%, while only 5 see downgrades##Q2 Earnings: 10 Nifty companies witness upgrades above 3%, while only 5 see downgrades

According to a report by Motilal Oswal Financial Services (MOSL), the earnings upgrade-downgrade ratio has been balanced so far, with 31 MOSL universe companies witnessing upgrades of more than 3 percent and 29 witnessing downgrades of more than 3 percent, indicating a revival in earnings momentum. In the Nifty universe, 10 companies have witnessed upgrades of over 3 percent, while only five saw downgrades. READ MORE

Metals fall 2% on trade deal woes, China economic data##Metals fall 2% on trade deal woes, China economic data

Shares of metal companies fell today as ongoing negotiations between the US and China have hit a roadblock over China's reluctance to commit to importing a specific number of agricultural products in the text of a potential deal. A delay in the execution of the US-China trade deal would bear a significant impact on metal companies as both the US and China are the biggest consumers of metal. Stocks of metal companies were further affected by a slowdown in China's economic growth for October. China's industrial output in the reporting month rose 4.7% on year, falling below market expectations by 50 basis points. Shares of Hindalco Industries, Hindustan Copper, Vedanta, National Aluminium Co, Steel Authority of India, and JSW Steel fell 0.4-2.9 percent.

CESC Ventures' shares plunged 8 percent post Q2 earnings##CESC Ventures' shares plunged 8 percent post Q2 earnings

CESC Ventures reported a 93 percent fall in the consolidated net profit in the second quarter this year. The company's net profit came in at Rs 4.9 crore as against Rs 69.5 crore in the same quarter last year. 

Consolidated revenue grew 0.7 percent at Rs 1,112.7 crore as compared to Rs 1,105.2 crore in the corresponding quarter last year. 

In intraday, the shares plunged 8 percent at Rs 306.10 per share on the NSE. 

Nifty Indices Update: Nifty Metal remains the worst-performing index of the day##Nifty Indices Update: Nifty Metal remains the worst-performing index of the day

Nifty Metal index plunged nearly 2 percent on Thursday followed by Nifty Pharma and Nifty PSU Bank. All sectors traded in red except Nifty IT and Nifty Financials. 

October WPI Inflation at 0.16 percent v/s 0.33 percent MoM##October WPI Inflation at 0.16 percent v/s 0.33 percent MoM

Food Inflation at 7.65 percent v/s 5.98 percent (MoM)
Manufactured Products Inflation at -0.84 percent v/s -0.42 percent (MoM)
Fuel & Power Inflation at -8.27 percent v/s -7.05 percent (MoM)
Vegetables Inflation at 38.91 percent v/s 19.43 percent (MoM)
Core Inflation at -1.6 percent v/s -1.1 percent (MoM)
Onion Inflation at 119.84 percent v/s 122.40 percent (MoM)
All Commodities Index up 0.7 percent MoM