The Sensex rose as much as 163.53 points in intraday trade and the Nifty traded six points shy of -11,500
Domestic stock markets rose to nearly three-week highs on Thursday, rising for the fifth session in a row with the NSE Nifty index just one point shy of 11,600. The S&P BSE Sensex index climbed as much as 505.7 points to touch 39,104.69 during the session and the broader Nifty benchmark rose 135.1 points hit to hit 11,599.10 on the upside - levels last seen on September 26 and 27 respectively. Gains across sectors barring IT - led by strong buying interest in banking, auto and consumer goods stocks - pushed the markets higher. Analysts awaited more large cap companies to report their earnings for the second quarter of the current financial year for cues.
Here are highlights of the movement in domestic share markets (Sensex and Nifty) on October 17:
Sensex, Nifty Clock Over 3% Gain In Five-Day Winning Run
The Sensex has risen 1,171.66 points - or 3.09 per cent - and the Nifty added 351.8 points - or 3.13 per cent - in five consecutive sessions.
Sensex, Nifty End Over 1% Higher
The Sensex ended 453.07 points - or 1.17 per cent - higher at 39,052.06 and the Nifty settled at 11,586.35, up 122.35 points - or 1.07 per cent - from its previous close, extending gains to a fifth session in a row. Both the benchmark indices clocked their highest closing levels recorded since September 24.
Power, Consumer Goods, Metal, Auto Sectors Move Higher
Most sectors traded higher. On the Bombay Stock Exchange (BSE), only two out of the nineteen sectoral indices were in the positive territory.
|S&P BSE Power||+1.60%|
|S&P BSE Utilities||+1.60%|
|S&P BSE Fast Moving Consumer Goods||+1.58%|
|S&P BSE Metal||+1.41%|
|S&P BSE Auto||+1.28%|
|S&P BSE Capital Goods||+1.24%|
|S&P BSE Consumer Discretionary Goods & Services||+0.82%|
|S&P BSE Bankex||+0.73%|
|S&P BSE Industrials||+0.71%|
|S&P BSE Consumer Durables||+0.64%|
|S&P BSE Finance||+0.60%|
|S&P BSE Healthcare||+0.59%|
|S&P BSE Telecom||+0.58%|
|S&P BSE Basic Materials||+0.55%|
|S&P BSE Information Technology||+0.05%|
|S&P BSE Teck||+0.04%|
|S&P BSE Energy||0%|
|S&P BSE Oil & Gas||-0.04%|
|S&P BSE Realty||-0.19%|Sensex Soares More Than 400 Points, Nifty Tops 11,550
The Sensex soared 411.74 points to touch 39,010.73 at the day's strongest level, and the Nifty added 101.9 points to hit 11,565.90.
At 2:26 pm, the Sensex traded 352.75 points - or 0.91 per cent - higher at 38,951.74 while the Nifty was at 11,549.20, up 85.20 points - or 0.74 per cent - from the previous close.
Stress In Banking Limited To Few Groups: IDBI Capital's AK Prabhakar
"Positive earnings from Federal Bank signal that stress in the banking sector is limited to few groups... Banking sector stocks are also rising ahead of the settlement of weekly Nifty Bank derivatives contracts," AK Prabhakar, head of research at IDBI Capital, told NDTV.
Sensex, Nifty Rise Amid Buying Interest In Banking Stocks
The Sensex index jumped more than 150 points in afternoon trade, and the broader Nifty benchmark came with 3.20 points of 11,500 as buying picked up in banking, auto and consumer goods stocks. The NSE's Nifty Bank sectoral index - comprising shares of 12 major banks in the country - went up as much as 0.80 per cent.
RBL Bank and Yes Bank jumped 7.54 per cent and 6.70 per cent respectively, whereas heavyweight SBI rose 1.15 per cent at its intraday high.
Sensex, Nifty Give Up Day's Gains
The markets turned flat as financial stocks gave in to selling pressure and gains in consumer goods shares were offset by selling pressure in IT and metal counters. At 11:21 am, the Sensex traded 4.80 points higher at 38,603.79 whereas the Nifty was down 12.50 points at 11,451.50.
Top Nifty laggards at the time were Vedanta, Grasim, JSW Steel and Hindalco, trading between 1.89 per cent and 2.97 per cent lower.
HDFC, Axis Bank, Bajaj Finance Shares Top Gainers
Top Nifty Gainers Vs Losers
Eicher Motors, Britannia, Bajaj Finserv Top Nifty Gainers
In the Nifty basket, 24 stocks moved higher, 25 moved lower while one was flat. Top gainers were Eicher Motors, Britannia, Bajaj Finserv and HDFC, trading between 1.18 per cent and 4.09 per cent higher. On the other hand, Vedanta, JSW Steel, Hindalco and ONGC - trading between 1.31 per cent and 2.17 per cent - were the top laggards.
Market Breadth Favours Gains
Market breadth favoured gains with an advance-decline ratio of 5:4. On the Bombay Stock Exchange (BSE), 906 stocks traded higher, 754 moved lower and 104 remained unchanged. On the National Stock Exchange (NSE), 880 stocks advanced, 698 declined and 525 were flat.
IT, Metal Stocks Worst Hit
The Nifty Metal and Nifty IT indices on the NSE were the worst hit in percentage terms.
|Nifty PSU Bank||-0.23%|
|Nifty Private Bank||-0.01%|
|Nifty Financial Service||+0.24%|
|Nifty Fast Moving Consumer Goods||+0.57%|
Sensex Off Early Gains, Nifty Flat; Metal Sector Worst Hit
The Sensex trimmed some of the early gains and the Nifty turned flat amid selling pressure in metal and IT sectors. At 10:03 am, the Sensex traded 81.23 points - or 0.21 per cent - higher at 38,680.22 while the Nifty was down 0.90 point at 11,463.10. The Nifty Metal sectoral index was down 1.39 per cent at the time.
Sensex Up 79 Points, Nifty At 11,473 In Early Deals
At 9:22 am, the Sensex traded 79.16 points - or 0.21 per cent - higher at 38,678.15 while the Nifty was at 11,472.55, up 8.55 points - or 0.07 per cent - from the previous close.
Top percentage gainers on the 50-scrip index at the time were Eicher Motors, HDFC, IndusInd Bank, Yes Bank and GAIL, trading between 0.71 per cent and 2.91 per cent higher. HDFC, HDFC Bank, ITC and Tata Consultancy Services (TCS) were the top contributors to the upmove in Sensex.
Sensex Opens 48 Points Higher, Nifty Starts Day At 11,466
The S&P BSE Sensex index opened 48.45 points - or 0.13 per cent - higher at 38,647.44, and the broader NSE Nifty benchmark started the session at 11,466.30, up 2.3 points from its previous close.
On Wednesday, the Sensex ended 92.90 points - or 0.24 per cent - higher at 38,598.99 and the Nifty settled at 11,471.55, up 43.25 points - or 0.38 per cent - from its previous close.
Sensex Up 160 Points In Pre-Open Market
The S&P BSE Sensex index rose as much as 0.42 per cent - or 160.41 points - to touch 38,759.40 in the pre-opening session.
At 9:05 am, the Sensex was up 63.37 points - or 0.16 per cent - at 38,662.36 while the Nifty was at 11,473.15, up 9.15 points - or 0.08 per cent - from its previous close.
Sensex, Nifty Have Risen 2% In 4-Day Winning Run
The S&P BSE Sensex index has gained a total 718.59 points - or 1.90 per cent - in past four sessions. The broader NSE Nifty benchmark has risen 237 points - clocking a rise of 2.11 per cent - during this period.
Asian Markets Move Higher
Equities in other Asian markets rose, with MSCI's broadest index of Asia Pacific shares outside Japan last seen up 0.23 per cent. Japan's Nikkei 225 index was up 0.14 per cent at the time.
South Korean, Australian and New Zealand indices were all in negative territory. Chinese shares were mostly flat.
SGX Nifty Futures Indicate Flat To Positive Start For Domestic Markets
Domestic stock markets are likely to start Thursday's session on a flat note amid mild gains in Asian peers. At 8:44 am, the Singapore Exchange (SGX) Nifty futures were up 1 point - at 11,487.00. The SGX Nifty futures are an early indicator of the National Stock Exchange (NSE) Nifty index in India.