Raamdeo Agrawal, Motilal Oswal feels that lower oil prices, diesel deregulation and Maruti earnings have added zing to the market. He is optimistic that the market will see more new highs in the days to come.
Reliance gained 3 percent while TCS, Hindalco, Infosys and GAIL were top gainers. On the losing side were Sesa Sterlite, MM, Cipla, Tata Power and Hero.
Infosys, TCS, Relance, Dr Reddy's Labs and LT are major gainers in the Sensex. Among the losers are ICICI Bank, BHEL, MM, Tata Power and Sesa Sterlite.
YES Bank hit a record high of Rs 655.10, up more than 2 percent after reporting 30 percent growth in profit and 27.4 percent growth in net interes income in second quarter Y-o-Y.
Infosys, TCS, GAIL, Dr Reddy's Labs and Reliance are top gainers while MM, Tata Power, BHEL, Hindalco and Sesa Sterlite are among the losers.
Tech Mahindra surprised the street with its Q2 results with a dollar revenue growth of 5.2 percent and a constant currency growth higher than peers.
Dr Reddy's Labs, Infosys, GAIL, HDFC and Wipro are top gainers in the Sensex. Among the losers are BHEL, Tata Motors, Sesa Sterlite, Hindalco and NTPC.Realty stocks are in focus with Sobha Developer, Prestige Estate and DLF as big gainers.
The central bank is expected to declare the end of that quantitative easing programme when it releases its statement tonight.
Hindalco Industries, DLF, JSPL and Tata Steel topped the buying list, up 4-5 percent followed by Tata Motors, MM and Bajaj Auto with 2-3 percent.
Hindalco, Tata Motors, MM, Tata Steel and Infosys are top gainers in the Sensex. Among the losers are, BHEL, GAIL and Sun Pharma.
Midcaps and Smallcaps traded with gains of more than 0.6 percent while the market breadth remained firm with two shares advancing for every share declining on the NSE.
Tata Motors, MM, Tata Steel, Hindalco and ITC are top gainers in the Sensex. NTPC, GAIL, BHEL, Sesa Sterlite and Sun Pharma are among the laggards.
Commercial vehicle maker Tata Motors climbed nearly 3 percent after a 4 percent rally in its ADR on the NYSE. Mahindra and Mahindra jumped over 1.5 percent.
Hero, Tata Motors, HUL, MM and ONGC are top gainers in the Sensex. Among the losers are Dr Reddy's Labs and TCS.
Sun Pharma topped the buying list, up more than 4 percent following strong earnings from Ranbaxy Labs that is going to become the Sunâs subsidiary soon.
Maruti's FII limit is restricted to 24 percent, which was reached about a 1.5 year ago. As a result of this, Maruti went out of the MSCI index where availability of room to buy shares is a pre-condition in the index.
The management is hopeful of sustaining volume growth trend of 11 percent in the second half of FY15. NH Bhansali, CEO of Emami Group says that better scale will ensure margin expansion in the future.
Credit Suisse maintains outperform rating on the stock as it looks attractive with increasing scale and strong growth expectations. "Increasing momentum in the enterprise business and sustainable margins could drive attractive earnings growth over the next few years," it said in a note.
Checkout the most buzzing stocks of October 30 - Jubilant Foods, Zuari Agro, State Bank of Bikaner Jaipur, State Bank of Travancore.
The Cabinet decided to reduce the minimum floor area to 20,000 sq mt from the earlier 50,000 sq mt. It also brought down the minimum capital requirement to USD 5 million from USD 10 million. In case of development of serviced plots, the condition of minimum land of 10 hectares has been completely removed, an official statement said.
On October 29, 2014 IDFC Mutual Fund bought 31,99,221 shares of Himatsingka Seide at Rs 93.75 on the NSE.
On October 29, 2014 Creador I LLC sold 3,99,434 shares of Repco Home Finance.
"The overall operations performed well this quarter. The company's strategy of growing the chemicals business is paying dividends. Our traditional business should pick once economy rebounds," SRF managing director Ashish Bharat Ram said.
Though the PSU met street expectations with second quarter profit rising 16 percent year-on-year to Rs 291 crore supported by other income and tax writeback but the asset quality of the bank weakened and provisions increased further during the quarter.
In an interview to CNBC-TV18, Mayank Singhal, MD CEO said that the company expects to meet revenue targets in the second half.
Here are the top buzzing stocks of today - Petron Engineering, Himatsingha Seide, SRF, Emkay Shares, Just Dial.
However, Macquarie has an outperform rating on the stock with a target of Rs 220 per share but has cut FY15/ FY16E earnings per share to Rs 23.60/Rs 30.30.
The stock has been on buyersâ radar in this month. It had hit record high at Rs 3099 per share intraday on October 22, hoping to rake in strong sales during the festive season.
CNBC-TV18s Varinder Bansal lists some of the key stocks which were buzzing in trade today.
It adds that the market is under-estimating benefits of ICICI Bank's expanded distribution and technology while concerns on its overseas profitability are overdone. According to BoAML's estimates return on assets (RoA) of its âoverseas branches' is likely to be 1.6 percent and earnings are likely to double in four years.