Mahindra Life signs MoU with SBI:
Mahindra Lifespaces and State Bank of India signed a Memorandum of Understanding (MoU) to enable an improved and more seamless experience for homebuyers across India.
SJVN to raise Rs 2000cr:
SJVN approved the proposal of raising of funds through issue of unsecured/secured nonconvertible bonds/debentures through Private Placement, up to an amount of Rs 2,000 crore, in one or more tranches.
Jateen Trivedi, Senior Research Analyst (Commodity & Currency) at LKP Securities:
Rupee traded with gains as the market cheers the continued trend in risky capital markets steadily. With dollar index having some softness tone near $90.40 after touching $90.80 gave some support to the rupee. The range remains between 73-73.55 either side sustaining prices shall take direction.
BSE Oil & Gas index added 1 percent led by the GAIL India, Reliance Industries, IOC:
Rupee recovers: Indian rupee recovered from the lows and trading higher at 73.31 per dollar, amid buying seen in the domestic equity market. It opened marginally lower at 73.42 per dollar against previous close of 73.38.
Karnataka Bank Q3:
Karnataka Bank Q3 net profit rose 10 percent YoY at Rs 135.4 crore versus Rs 123.1 crore and net interest income rose 20.8 percent at Rs 614 crore against Rs 507.7 crore.
Its net NPA was at 1.74% versus 2.21% and gross NPA at 3.16% versus 3.97%, QoQ. In the absolute term, gross NPA was at Rs 1,706.6 crore against Rs 2,188.8 crore, QoQ.
Provisions stood at Rs 214.2 crore versus Rs 322.1 crore (QoQ) and versus Rs 314.7 crore (YoY).
European Markets trade flat:
Oil prices rose on Tuesday on expectations of a drawdown in crude oil inventories in the United States for a fifth straight week, but investor worries over climbing coronavirus cases globally capped price gains.
Most active stocks on NSE in terms of volumes
RITES bags order worth Rs 67.8 crore: RITES has secured a work from National High Speed Rail Corporation Limited for establishment and maintenance of
continuously operating reference stations (CORS) along 487 km long Mumbai-Ahmedabad High Speed Rail Corridor, excluding 21 km undersea tunnel. This contract would be for a period of 6 years and RITES fees for the said work will be Rs 67. 79 crore.
Tapan Patel- Senior Analyst (Commodities), HDFC Securities: Crude oil prices traded higher with benchmark NYMEX WTI crude oil were trading over half a percent up to USD 52.68 per barrel on Tuesday. MCX Crude oil January futures were trading higher to Rs 3,869 by noon. We expect crude oil prices to trade sideways to up with support at USD 51 and resistance at USD 54. MCX Crude oil January has support at Rs 3,810 and resistance at Rs 3,920.