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OMCs higher, Oil India, ONGC in the lead, up nearly 5% & over 4% each

Sheela Foam extends gains, up nearly 18% on Q3 results impact

The shares of Reliance Industries are single-handedly holding the Nifty 50 index in green as the conglomerate stock rose by over 1%.

Vinit Sambre, Head of Equities, DSP Mutual Fund On CNBC-TV18

Rajat Rajgarhia, MD and CEO, Motilal Oswal Institutional Equities On CNBC-TV18

The shares of Lloyds Metal soared over 12%.

Moshe Katri, MD, FinTech & Tech-Enabled Svcs Invst Bkg, Wedbush Securities

The shares of State-owned Hindustan Aeronautics declined, with major cuts, adding to the losses accumulated over the past month of trade.

The shares of Persistent System fell further, as the mid-cap IT stock, just like other large-cap IT stocks, fell amid fears over IT business model.

Even as the markets remained volatile, ONGC shares surged, trading as the top Nifty gainer.

Big fall in IT stocks, HCLTech, Infosys, Wipro, Persistent, other IT shares fall nearly 6% each after overnight sell-off in SaaS stocks

The shares of Yes Bank rose after the RBI accepted the appointment of its MD/CEO

The Nifty IT index, on expected line has declined by over 5%, with all the major stocks falling.

The Nifty index has recovered in a flash, jumping over 150 points from its lows in a flash.

Market opens largely in the red, except Nifty Bank, #Nifty opens below 25,700, IT Stocks

Here’s a list of stocks in focus going into trade today

Here’s a list of stocks in focus going into trade today

The Indian Rupee opened at 90.43 after closing at 90.27

O-P, TP Rs 1200

3Q PPOP in line, while credit costs were higher as co took a one-time Rs14bn extra provision to strengthen its balance sheet.

Excluding this one-time provision, credit costs were c.5bps below estimate.

Net slippage was at 1.4%, down 80bps YoY.

AUM growth moderated from 24% the prior quarter to 22% in 3Q, as previously guided by management.

Segment-drivers of growth remain the same: healthy growth in secured and unsecured consumer and rural loans, offset by a run-down in two-wheeler (2W) and SME loans.

NIM was largely steady at 9.6% while the expense ratio was largely unchanged QoQ.

Here’s how the global market cues are placed this morning

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