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  Nifty ends above 17,900, Sensex gains 831 pts; metal, IT, realty stocks gain.

Benchmark indices ended higher with Nifty closing above 17900 supported by the rally in the metal, IT, realty stocks.   At close, the Sensex was up 831.53 points or 1.40% at 60,138.46, and the Nifty was up 258 points or 1.46% at 17,929.70. About 2099 shares have advanced, 1129 shares declined, and 186 shares are unchanged.   IndusInd Bank, Hindalco Industries, HCL Technologies, Bharti Airtel and Grasim Industries were among the major Nifty gainers. Losers included UPL, Bajaj Finserv, M&M and Nestle India.   All the sectoral indices ended in the green with metal, IT and realty indices up 2-3. BSE midcap and smallcap indices rose over 1 percent each.

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Topic :- Time:3 15 PM

Just In:

HDFC Q2 profit jumps 32% to Rs 3,780.5 crore.

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Topic :- Time:3.00 PM

Nifty is showing good recovery. Nifty spot if manages to close above 17960 level then more pull back is expected in the market in coming sessions and if it closes below above mentioned level then some sluggish movement is likely to be witnessed. Avoid open positions for tomorrow.

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Topic :- Time:2.30 PM

CRUDEOIL Trading View:

CRUDEOIL is trading at 6280.If it manages to trade and sustain above 6305 level then expect some upmove and if it breaks and trade below 6260 level then some decline can be seen in the market.

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Topic :- Time:1.00 PM

Nifty is gaining momentum now. Nifty spot if manages to trade and sustain above 17800 level then expect some quick upmove in the market and if it breaks and trade below 17780 level then some decline can follow in the Nifty.

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Topic :- Time:12.30 PM

COPPER Trading View:

COPPER is trading at 744.If it holds below 746.50 level then expect it to decline towards 740 level quite soon and above 746.50 level it is likely to show some upmove.

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Topic :- Time:12.15 PM

Policybazaar IPO sees 19% subscription on bidding debut:

The public issue of PB Fintech, which owns Policybazaar and Paisabazaar platforms, has seen a subscription of 19 percent on November 1, the first day of bidding, as it received bids for 64.80 lakh equity shares against an offer size of 3.45 crore equity shares, as per exchange data.

Retail investors have put in bids for 56 percent shares against the reserved portion.

A part set aside for non-institutional investors was subscribed 1 percent and that of qualified institutional buyers saw 16 percent subscription.

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Topic :- Time:12.00 PM

Nifty spot is trading at 17768.If it manages to trade and sustain above 17800 level then expect some upmove and if it breaks and trade below 17740 level then some decline can be seen in the market.

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Read Also:- What is the key purpose to invest in the stocks?

Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex up 100 pts; Bajaj Finserv falls 3.5%, RIL 1%; VIX climbs 3%

2. LIC shareholding in listed companies drops to lowest in over a decade

3. Chinas Oct factory activity expands more quickly, but output weighs: PMI

4. Coronavirus LIVE: 12,514 Covid-19 cases, 251 deaths recorded in last 24 hrs

5. Zydus Cadila testing a multi-variant Covid-19 vaccine on animals

6. Thematic, flexicaSAIL surges 13% on best-ever quarterly profit of Rs 4,304 crore in Q2

7. Bandhan Bank dips 7% on disappointing September quarter results

8. Telecom stocks in focus; Bharti Airtel, Vodafone Idea gain upto 7%

9. Centre invites applications for Sebi chair post to succeed Ajay Tyagi

10. Thematic, flexicap assets shrink over rise in volatility, shows data

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Topic :- Time:11.00 AM

After gap up opening nifty is now trading flat. Nifty spot if manages to trade and sustain above 17760 level then expect some further upmove in the market and if it breaks and trade below 17720 level then some decline can follow. Currently Nifty is trading at 17744 spot level.

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Topic :- Results Today

Results today*

HDFC, Tata Motors, IRCTC, Aditya Birla Capital, Allcargo Logistics, Bajaj Consumer Care, Bayer Cropscience, Carborundum Universal, Chambal Fertilisers, Devyani International, Dollar Industries, Graphite India, Gravita India, IG Petrochemicals, Indian Railway Finance Corporation, Lux Industries, Nilkamal, Parag Milk Foods, The Phoenix Mills, Privi Speciality Chemicals, Punjab & Sind Bank, Relaxo Footwears, Shipping Corporation of India, SPARC, VIP Clothing, Whirlpool and Windlas Biotech

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Topic :- Nifty Opening Note

Indian Stock Market Trading View For 01 Nov,2021:

Nifty is likely to show bounce back now anytime. Global cues to act as trend decider. Metal and automobile sectors stocks are likely to remain in focus.

Nifty spot if manages to trade and sustain above 17700 level then expect some quick recovery in the market and if it breaks and trade below 17620 level then some decline can follow in the Nifty.

Please note this is just opening view and should not be considered as the view for the whole day.

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Research has shown the most effective way to address Climate Change is to take investment dollars away from companies that harm our planet, and redirecting them to companies that actively promote adaptation and disaster risk reduction 

Climate finance is one of the four goals of the United Kingdom’s COP26 presidency, and is a key determinant of success for COP26 in Glasgow this week. Unfortunately, despite the last minute commitments from a few developed countries, the United States, Germany and Canada, the total pledges are currently $10 billion short of the target $100 billion by 2020.

The UN Climate Change Secretariat released a roadmap on October 25, Climate Action Pathway For Finance which shows that developed countries will be able to meet the $100 billion goal no earlier than 2023.

Unless, more countries step up in next few days, and increase their contributions drastically, like they need to decrease their emissions for Net-Zero goal, COP26 will have done nothing to avert the climate crisis.

Under the 2009 Copenhagen Accord (COP15) developed countries with high greenhouse gas emissions, committed to jointly mobilise $100 billion a year by 2020 for climate action in developing countries. The $100bn commitments were reiterated at COP16 in Cancun in 2010, and at COP21 in Paris in 2015, where it was agreed to extend the commitment to provide $100 billion beyond 2020 through 2025.

It is important to keep in mind that the $100-billion pledge is minuscule compared to trillions of dollars urgently required each year by developing and climate-vulnerable countries to constantly adapt with the incessant climate impacts and also to meet the 2015 Paris agreement goal of restricting global warming to ‘well below’ 2°C, if not 1.5 °C, above pre-industrial temperatures.

On October 25, the UN Climate Change Secretariat presented a blueprint, Climate Action Pathway For Finance, that demonstrates developed nations will be able to reach the $100 billion objective by 2023.

Unless, in the next days, other nations step forward and significantly boost their payments, as they must reduce their emissi

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Climate finance from both public and private sources is provided through loans, guarantees, export credits, bilateral funding, and funding from donor governments via multilateral bodies. These bodies can be funds such as the Green Climate Fund, created specifically for the purpose, or more general ones, for example the Asian Development Fund or the World Bank. Most climate finance to date has been provided for mitigation rather than adaption.

The lack of an agreed clear definition of ‘climate finance’ has caused difficulties in assessing progress toward the $100 billion goal, but even then it is increasingly clear that the existing target has been missed. In 2019, the most recent year for which data is available, around $79.6 billion was raised in climate finance.

Almost three-quarters (71 percent) of climate finance provided by developed countries has come in the form of loans paid through multilateral development banks (MDBs), according to the OECD, which found that finance paid as direct grants from donor countries made up just 27 percent of the total.

Around $24 billion — the equivalent of half the loans provided — were not concessional loans with below-market rates, according to Oxfam. It calculated that the ‘grant equivalent’ — the true value of the loans once repayments and interest were deducted — was less than half of the amount reported.

Oxfam estimates, based on the current pledges and plans, that wealthy governments will reach only $93-95 billion per year by 2025, leaving climate-vulnerable countries out of pocket a total of $68-75 billion between 2020 and 2025.

At COP26, negotiations will also begin on a new finance regime through to 2025, when a new finance goal is mandated to come into effect by the Paris Agreement. The V20 group of climate-vulnerable countries has called for a floor of $500 billion over a five-year period, implying a higher sum in the final years to balance prior shortfalls, and annually average more than $100billion.

These demands are based on real-time impacts, and in absences of ambitious emission cuts to avert runaway Climate Change, finance to cope with the worst of its impact is being seen as the deal-breaker by developing countries. For developed world the challenge is that the pandemic and its economic effects have put an emphasis on spending in areas such as public health, making the mid-to-long-term prospects of climate finance uncertain.

The solution may be as simple as ensuring that private finance is spent on projects that address the problems of Climate Change; unfortunately there aren’t enough incentives for investing in sustainability. Research has shown the most effective way to address Climate Change is to take investment dollars away from companies that harm our planet, for e.g. taking away $5.9 trillion from the subsidies to fossil fuels, and redirecting them to companies that actively promote adaptation and disaster risk reduction. Unfortunately, the Paris Agreement does little to encourage such redirection of funds.

Article Source:- Moneycontrol

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Union Steel Minister Ram Chandra Prasad Singh said the domestic demand for steel is "very good" and its consumption is also increasing in the country.

Singh was speaking at a press meet on the sidelines of the inauguration of the second Vertical Shaft, Chikla Mine and various other facilities of the Manganese Ore India Limited (MOIL) based in Nagpur.

Replying to a query on the situation of domestic steel demand in India, Singh said, "The domestic steel demand is very good and the country is at number two in the world. However, our per capita consumption is little less. Our per capita consumption is around 74 kg and 14 to 15 kg in rural area."

He said that the requirement and consumption of steel is increasing in the country with the kind of infrastructure development work going on in the country.

To a query on the conflict between tribals and mining industry, Singh said that locals’ interests have to be taken care of when negotiations take place.

When mining is done or industry is set up, the locals also get employment and overall development is carried out of that region, he added.

"We have to provide better alternatives to them and take their suggestions to create a win-win situation for both," he said.

Article Source:- Moneycontrol