A Season, if Not a Reason To Buy Stocks
Markets have reached a stage where nothing seems to deter a buying idea. Neither a dubious past nor a dubious promoter seems to matter. The momentum in the small- and mid-cap space is so great that a mere mention of a stock’s name in the social media is enough to set fire to its price. Everyone is a hero. And some serious investors too do not mind going along, as there is a big fear of...
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  • Nifty, Sensex continues to trend higher – Monday closing report
    We had mentioned in previous week’s closing report that Nifty, Sensex may log more gains. On Monday, the major indices continued its rally and posted major gains. On the NSE, there were 1,119 advances, 729 declines and 382 unchanged.
     
    The trends of the major indices in the course of Monday’s trading are given in the table below:
     
     
    BHEL reported consolidated net loss for Q2FY21 at Rs 552.38 crore against profit of Rs 120.95 crore YoY. Revenue went down 40.6% YoY at Rs 3,695.96 crore versus Rs 6,226.90 crore.
     
    Union bank of India reported a net profit at Rs 517 crore in Q2FY21 compared to net loss of Rs 1,194 crore YoY. Net interest income nearly doubled to Rs17,913 crore compared to Rs9,688 crore in the previous year.
     
    ITC registered a 19.7% decline in Q2FY21 profit at Rs 3,232.4 crore compared to Rs 4,023.1 crore YoY. Revenue from operations grew 0.9% to Rs 11,976.8 crore in the quarter ended September 2020. Segment wise sales from cigarette declined 3.9% YoY at Rs 5,121.3 crore.
     
    Cipla reported consolidated profit of Rs 661.8 crore in Q2FY21 compared to Rs 480 crore YoY. Revenue increased to Rs 5,038.3 crore from Rs 4,395.8 crore YoY.
     
    Divis Labs reported a 45.63% rise in its consolidated net profit at Rs 519.59 crore for Q2FY21 (July-September 2020 quarter), compared to Rs 356.78 crore YoY (year-on-year).
     
    Consolidated total income stood at Rs 1,762.94 crore, up from Rs 1,492.60 crore YoY.
     
    United Breweries reported consolidated profit at Rs 3.6 crore in Q2FY21 compared to Rs 115 crore YoY. Revenue declined to Rs 2,239 crore from Rs 3,588.7 crore YoY.
     
    Insecticides India net profit declined 15.1% in Q2FY21 at Rs 41.6 crore against Rs 49 crore YoY. Revenue was down 9.4% at Rs 455.8 crore against Rs 503.1 crore YoY.
     
    Amber Enterprises’ net profit declined 85.9% to Rs 1.66 crore in the Q2FY21 as against Rs 11.77 crore YoY. Sales fell 34.55% to Rs 407.93 crore as against Rs 623.24 crore YoY.
     
    Lakshmi Vilas Bank reported widening of its net loss at Rs 397 crore compared to a net loss of Rs 357.18 crore YoY. Net interest income dipped to Rs420 crore as against Rs607 crore YoY.
     
    Force Motors consolidated net profit surged 233.7% YoY to Rs 14.05 crore. Net sales declined 8% YoY to Rs 694.58 crore.
     
    The top gainers and top losers of the major indices are given in the table below:
     
     
    The closing values of the major Asian indices are given in the table below:
     
  • User 

    Weekly Moneylife Indices & Sector Trends
    INDIAN MARKET TRENDS
    From 30th October to 5th November, the Sensex and the NIFTY rose 4% each. ML Mega-cap Index rose 3%. ML Large-cap Index and ML Mid-cap Index rose 1% each. ML Small-cap Index ended flat, while ML Micro-cap Index fell 1%.
     
     
    FUND FLOWS
    Foreigners: Foreign institutional investors were net buyers of equities during the period (Rs8,529.54...
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