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HDFC Bank, Reliance Industries, and IT stocks. The BSE Sensex was trading 475 points, or 0.59%, higher at 81,700. The Nifty50 was up 102 points, or 0.41%, trading at 24,955 around 9:18 am.

buy call on Larsen & Toubro with a target price of Rs 4,250. The current market price of Larsen & Toubro Ltd. is Rs 3576.25. Larsen & Toubro Ltd., incorporated in 1946, is a largecap company with a market cap of Rs 491945.68 crore, operating in the construction sector. Larsen & Toubro, is a key products/revenue segments include income from construction work, income from manufacturing and trading activities, other services, other operating revenue, property development, commission, service (engineering) and lease rentals for the year ending 31-Mar-2024.

Hyundai Motor India Ltd. was the country’s largest ever. That, however, is not its true significance. More interesting is whether the South Korean automaker’s $3.3 billion IPO will be a trendsetter like Colgate-Palmolive Co.’s listing of its local unit nearly 50 years ago. A comparison with the past may help shed a light on the future. Back then, issuers had to be coerced. India’s foreign-exchange position, never too comfortable, had started looking downright perilous after the 1973 global oil shock. Colgate’s dividend repatriation, many times more than its capital investment, became a lightning rod for lawmakers. They brought in a law to limit multinationals’ holdings in domestic operations to 40%.

Jonathan Schiessl, Deputy CIO, Westminster Asset Management, says when it comes to realty stocks, from a stock market perspective, there is the question of whether the companies at play are playing into the bigger picture or whether they are playing into more regional and local pockets of wealth, etc. So, one has to be careful in the stocks one is looking at. Further Schiessl says in autos, they have some exposure to Maruti, but they are quite selective about that. Tata Motors is having ongoing issues with Jaguar Land Rover and that keeps Schiessl on the sidelines in that sector. What do you make of the real estate market in India if you have been tracking that? The upper end of the market was doing very well, but at some point of time, the cycle was expected to turn. Do you see that happening now or it is still a bit away? Jonathan Schiessl: Yes, it is part of the Indian markets, which we do not do a huge amount of work on, if I am honest. We have looked at a few of the high-end developers previously, but obviously real estate of all industries is very localised. It is difficult to put a broad view on the entire space. But that said, clearly some companies in certain pockets have done extremely well more recently. Clearly, the underlying economy is humming along quite nicely and certain companies in certain localities are doing well but it is not something to focus on too much.

Kotak Bank shares will be in focus in today's trade as the private sector lender reported Q2 profit recorded a growth of 5% year-on-year (YoY) to Rs 3,344 crore The bank's net interest income (NII) for Q2FY25 increased 11% YoY to Rs 7,020 crore, from Rs 6,297 crore in the corresponding quarter of the previous financial year.

IT services company Tech Mahindra are likely to remain in focus today after the company reported a 153.1% year-on-year (YoY) to Rs 1,250 crore for the second quarter, while its revenue rose by 3.5% YoY to Rs 13,313 crore in the said quarter. On a sequential basis, profit and revenue saw growth of 46.81% and 2.36%, respectively.

Nischal Maheshwari, Market Expert, says BFSI accounts for more than 50% of revenues for most of the IT companies. If BFSI starts turning around, it is really good for the IT sector. Also, interest rates cuts have started happening in the US and that is where the discretionary spend should also start going up. So, hold on to your IT stocks. At every dip, IT is a buy. On the other hand, RBI has given a clear hint to NBFCs to go slow on the growth part. It is best to avoid all the NBFCs for the moment. What are you making of this extremely volatile market and complete disconnect from what the Western markets are doing – both Europe as well as the US? Nischal Maheshwari: Some amount of profit-taking is happening in India. Yes, it is a bit of a disconnect. If you compare this, it has been a very solid market as far as the US is concerned and even in Southeast Asia. But here we are seeing some amount of profit-taking, some amount of disappointment as far as earnings are concerned in the current quarter.

Reliance Infrastructure will be in focus on Monday after the shareholders approved the company's plan to raise Rs 6,000 crore through a preferential share issue and qualified institutional placement (QIP). The proposals received over 98% approval via postal ballot, as disclosed in a stock exchange announcement.

Bajaj Housing Finance will be in focus today as the company will earnings for the second quarter ended September 2024. In the run up to the results, the shares of Housing have been muted, falling nearly 4%. While there are no estimates of the recently debuted company, it reported that the assets under management (AUM) surpassed Rs 1 lakh crore during the quarter, reaching Rs 1,02,550 crore—a 26% increase compared to Rs 81,215 crore in the same quarter last year.

Kotak Mahindra Bank are likely to remain in focus today after the company on Saturday reported a 5% year-on-year (YoY) rise in its standalone profit after tax (PAT) for the quarter ended September 2024 to Rs 3,344 crore. The bank's net interest income (NII) for Q2FY25 increased 11% YoY to Rs 7,020 crore, from Rs 6,297 crore in the corresponding quarter of the previous financial year.

Jio Financial Services are expected to remain in Focus on Monday following company's Q2 earnings where the company reported a 3% uptick in its net profit to Rs 689 crore for the quarter ended September 2024, versus Rs 668 crore logged in the year-ago period. Revenue from operations in the reported quarter stood at Rs 693.50 crore, up 14% over Rs 608.04 crore posted by the company in the corresponding quarter of the previous financial year.

ACRE) has submitted an anchor bid to acquire five non-performing loan (NPL) accounts associated with Subhash Chandra's Zee Group or Essel Group from JC Flowers ARC, offering ₹505 crore in cash against total outstanding debt of ₹1,350 crore. The bid indicates a recovery of 37%. JC Flowers Asset Reconstruction Company, which is managing the auction process as the trustee for JCF Yes Trust, has scheduled a Swiss auction on November 6 with a reserve price of ₹505 crore, based on the anchor bid.

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Ganderbal district on Sunday, officials said. The terrorists opened fire on a camp housing labourers of a private company working on the construction of a tunnel in the Gund area of the district, they said. Two labourers died on the spot while two others sustained injuries, the officials said, adding that further details are awaited.

An investigation revealed traces of low explosives near the blast site, prompting a thorough inquiry by the Delhi Police, the National Investigation Agency (NIA), and the National Security Guard (NSG). Officials at the scene told that traces of low explosives and other materials commonly used in crude bombs were found.

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Shiv Sena led by Maharashtra Chief Minister Eknath Shinde has stayed the appointment of Shrikant Pangarkar, an accused in the 2017 murder of journalist Gauri Lankesh, to any post in the party in Jalna district. Ahead of the Maharashtra assembly polls, Pangarkar joined the Shinde-led Shiv Sena on Friday in the presence of party leader and former state minister Arjun Khotkar. Khotkar earlier said that Pangarkar, a former Shiv Sainik, has returned to the party and has been nominated as the chief of the Jalna assembly poll campaign. A statement from the Shiv Sena on Sunday said that if Pangarkar has been given any party post in Jalna district, the decision has been stayed.

agriculture ministry, prompting the country to ramp up imports of the staple grain amid soaring food prices. Floods brought by heavy monsoon rains and torrential upstream runoff struck the country in two major waves in August and October, claiming at least 75 lives and affecting millions, particularly in the eastern and northern regions where crop damage has been the most severe. The agriculture ministry said this year's flooding has resulted in a substantial loss of rice production. In response, the government is moving quickly to import 500,000 tons of rice and is expected to permit private sector imports soon, a food ministry official said.

Gold, of late, has stopped showing much reaction to traditional drivers like the US yields, the US Dollar Index, key macroeconomic data, etc as bulls are now focused primarily on uncertainties over the US presidential election outcome. In addition, the metal is extending its gains on synchronised global rate cuts, ETF inflows and geopolitical factors also. Spot gold closed with a gain of over 1% at $2721 on Friday, and was up nearly 2.2% on the week.

NSE) will conduct its annual Diwali Muhurat trading session on Friday, November 1, 2024, from 6:00 PM to 7:00 PM, marking the beginning of the Hindu calendar year Samvat 2081. While the market will be shut for normal trading to mark Diwali, the special trading window will be open for just one hour in the evening. NSE said that the pre-opening session will be conducted from 5:45 pm-6:00 pm.

Baramulla (Jammu and Kashmir) [India], October 20 (ANI): An encounter between security forces and terrorists is underway along the Line of Control (LOC) in Baramulla district of Jammu and Kashmir, the Indian Army officially stated on Sunday. In a post on X, the Indian Army's Chinar Corps said that a joint anti-infiltration Operation was launched in the area. «Based on intelligence inputs regarding likely infiltration bid, a Joint anti-infiltration Operation was launched by #Indian Army & Jammu Kashmir Police along LOC in general area Uri, Baramulla. Alert troops spotted suspicious activity and challenged, which resulted in terrorists opening indiscriminate fire. Vigilant troops responded with effective fire. Operation is in progress,» the Chinar Corps said.