Nifty breaks 8100, Sensex falls over 100 pts; FMCG plunges; Stock Cash Market Tips; Equity Tips

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ITC slips 5 percent. Vedanta, M&M, ONGC and GAIL are major losers. NTPC, Hindalco, Tata Steel, Dr Reddy's Labs and Sun Pharma are top gainers.

Market at 3.00 PM: The market ended on a lower note for fifth consecutive day. The Sensex plunged 181.31 points or 0.7 percent at 26656.83 and the Nifty was down 45.95 points or 0.6 percent at 8065.80. About 1002 shares advanced, 1602 shares declined, and 201 shares were unchanged.

NTPC, ICICI Bank, Axis Bank, Dr Reddy and Sun Pharma were top gainers while Vedanta, L&T, M&M, ITC and BHEL were laggards.

IDFC Bank shares may list for trading on November 6; Stock Cash Market Tips

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"Shareholders will have to wait for IDFC Bank shares to list and trade to evaluate the value of their combined IDFC and IDFC Bank shareholding"

IDFC said that shares of its newly launched IDFC Bank are expected to list and trade on November 6.

"Post demerger, the networth of IDFC is Rs 9,580 crore and its portfolio of businesses include 53 percent stake in IDFC Bank, 75 percent stake in IDFC Asset Management Company, 100 percent stake in IDFC Securities, 100 percent stake in IDFC Alternatives," it said. 

Besides, the company said its 100 percent stake in IDFC Infrastructure Debt Fund will be brought down to 49 percent over a period of time. The Reserve Bank had granted IDFC Ltd a universal banking licence in July.

IDFC shares are now trading ex-bank and IDFC Bank shares are not yet listed and traded. The email also stated that IDFC Bank is starting its journey with a balance sheet of Rs 73,447 crore and a networth of Rs 13,322 crore. The book value of IDFC share is Rs 60.10 and that of IDFC Bank share is Rs 39.11. IDFC Bank comprises three businesses -- commercial & wholesale bank, rural bank and personal & business bank.

IDFC stock price: On October 30, 2015, at 10:20 hrs IDFC was quoting at Rs 58.80, up Rs 0.30, or 0.51 percent. The 52-week high of the share was Rs 187.50 and the 52-week low was Rs 58.30. 

The company's trailing 12-month (TTM) EPS was at Rs 9.27 per share as per the quarter ended June 2015. The stock's price-to-earnings (P/E) ratio was 6.34. The latest book value of the company is Rs 106.21 per share. At current value, the price-to-book value of the company is 0.55.

Sensex, Nifty open flat; Cipla, Dr Reddy's, Glenmark gain; Stock Cash Market Tips

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Dr Reddys Labs, Cipla, ICICI Bank, Tata Steel, Hindalco, Yes Bank and Grasim were lead gainers in early trade. However, Vedanta, ONGC, ITC, M&M, Maruti Suzuki and Bosch were under pressure.

After a four-day weakness, the market has opened on a lacklustre note. The Sensex rose 15.21 points to 26853.35 and the Nifty gained 7.60 points at 8119.35.

Asian shares too posted a lackluster open today, with Australia's S&P ASX 200 index hitting its lowest level since October 21, following an uninspiring handover from offshore markets.

US stocks, meanwhile, ended slightly lower on Thursday as the market digested disappointing tech earnings reports and the potential for an interest rate hike in December. The Dow Jones industrial average fell 23.72 points, or 0.13 percent, to 17,755.8, the S&P 500 lost 0.94 points, or 0.04 percent, to 2,089.41 and the Nasdaq Composite dropped 21.42 points, or 0.42 percent, to 5,074.27.