BSE Sensex today: The S&P BSE Sensex index rose as much as 93.83 points to hit 40,417.44on the upside.
Domestic stock markets ended on a marginally higher note after swinging between gains and losses amid volatile trade on Monday. The S&P BSE Sensex index rose as much as 93.83 points to hit 40,417.44 on the upside, and the broader NSE Nifty benchmark advanced to as high as 11,932.65, up 24.5 points from the previous close. Gains in banking stocks - especially state-run lenders - were offset by losses in information technology and pharma shares. For most part of the day, the benchmarks traded lower but buying in banking shares which pushed the banking sub-index - the Nifty Bank - above the 31,000 mark.
Here are highlights of the movement in domestic stock markets (Sensex and Nifty) on November 11:
Sensex Ends 21 Points Higher, Nifty settles At 11,913
The Sensex ended 21.47 points - or 0.05 per cent - higher at 40,345.08. The Nifty settled 4.80 points - or 0.04 per cent - higher at 11,912.95.
Auto, IT Sectors Lead Losses On BSE
The S&P BSE Oil & Gas and Bankex indices led the gains on the BSE, up 1 per cent and 0.75 per cent respectively. Eight other indices on the bourse moved in the positive zone.
|S&P BSE Oil & Gas||+1.00%|
|S&P BSE Bankex||+0.75%|
|S&P BSE Realty||+0.47%|
|S&P BSE Finance||+0.42%|
|S&P BSE Utilities ||+0.39%|
|S&P BSE Teck||-0.41%|
|S&P BSE Energy||-0.42%|
|S&P BSE Basic Materials||-0.45%|
|S&P BSE Fast Moving Consumer goods||-0.55%|
|S&P BSE IT||-0.66%|
|S&P BSE Auto||-0.72%|
On the other hand, the S&P BSE Auto and IT sectoral indices led the losses, down 0.72 per cent and 0.66 per cent respectively.
Consumer Goods, IT, Auto Sectors Weigh On Markets
Six out of the 11 sectoral indices on the National Stock Exchange moved higher.
|Nifty Private Bank||+0.85%|
|Nifty PSU Bank||+0.80%|
|Nifty Financial Service||+0.40%|
|Nifty Fast Moving Consumer Goods||-0.47%|Sensex Down 50 Points, Nifty Near 11,900 As Markets Trim Losses
The markets trimmed losses as buying picked up in banking stocks and selling eased somewhat in IT shares.
At 2:20 pm, the Sensex was down 50.14 points at 40,273.47 while the Nifty was at 11,895.10, 41.15 points above the day's lowest level. The Bank Nifty - comprising shares of 12 major lenders in the country - was up 0.71 per cent at the time.
Britannia Shares Down 1% Ahead Of Q2 Earnings Announcement
Britannia shares gave in to selling pressure ahead of its earnings announcement. Shares declined to as low as Rs 3,130.55 apiece on the BSE, down 0.98 per cent from their previous close of Rs 3,161.55. At 12:58 pm, Britannia shares traded 0.37 per cent lower at Rs 3,150.00 apiece on the bourse, underperforming the benchmark Sensex index which was down 0.20 per cent.
For the quarter ended June 30, the company had reported a net profit of Rs 251.03 crore, marking a decline of 2.78 per cent compared with the corresponding period a year ago.
Rupee Drops To 71.45 Against Dollar
The rupee depreciated by as much as 17 points to hit 71.45 against the US dollar.
TCS Shares Fall Nearly 2%, Lead Losses In IT Space
The S&P BSE Sensex index dived 172.64 points to hit 40,150.97 at the weakest level of the day so far, as the selloff in IT stocks deepened. The broader NSE Nifty benchmark slid to as low as 11,853.95.
Heavyweight TCS, which declined as much as 1.83 per cent, led the fall in IT sector stocks.
Nestle, TCS, Cipla Top Nifty Laggards
Nestle, TCS and Cipla were the top percentage losers on the 50-scrip index.
|Nestle||-2.29%|NTPC, Yes Bank, Zee Entertainment Top Nifty Gainers
Twenty three stocks moved higher on the Nifty, led by NTPC, Yes Bank, Zee Entertainment, GAIL and JSW Steel - trading between 0.86 per cent and 3.11 per cent. On the other hand, Nestle, TCS, Cipla, Grasim and HCL Tech - trading between 1.53 per cent and 2.29 per cent lower - were the top losers.
Sensex Down 79 Points, Nifty At 11,878; TCS, Infosys Biggest Drags On Sensex
At 11:20 am, the S&P BSE Sensex index traded 78.98 points - or 0.20 per cent - lower at 40,244.63 while the broader NSE Nifty benchmark was down 29.95 points (0.25 per cent) at 11,878.20.
Tata Consultancy Services (TCS), Infosys and Housing Development Finance Corporation (HDFC) were the biggest drags on Sensex.
Midcap, Smallcap Stocks Outperform Benchmark Indices Sensex, Nifty
The broader markets outperformed the benchmark indices, with the NSE Midcap 100 index gaining as much as 0.73 per cent in late morning deals. The S&P BSE MidCap and SmallCap indices rose as much as 0.60 per cent and 0.38 per cent respectively.
Prominent gainers were Jindal Steel, Amara Raja Batteries, Indiabulls Ventures, Edelweiss, Shree Renuka Sugars and Kitex Garments.
Sensex, Nifty Fluctuate Amid High Volatility
Domestic stock markets were faced with high volatility. The NSE's India VIX index - which gauges the expectation of volatility in the near term - soared as much as 5.74 per cent in morning deals. The Nifty Bank swung between gains and losses after a lower opening, rising as much as 0.56 per cent and declining 0.40 per cent from the previous close.
The financial services sector has a weightage of 39.47 per cent on the Nifty.
IT, Pharma Sectors Weigh On Markets
Seven out of the NSE's 11 sectoral indices traded higher, led by the Nifty Media, Nifty PSU Bank and Nifty Realty which were up 0.84 per cent, 0.77 per cent and 0.60 per cent respectively.
On the other hand, the IT index traded 0.72 per cent lower while the pharmaceutical gauge was down 0.26 per cent.
Market Breadth In Favour Of Gains
Market breadth favoured gains, with 886 stocks moving higher, 661 trading in the negative zone and 86 flat on the NSE. On the BSE, 887 stocks advanced, 692 declined while 556 remained unchanged. On the Nifty, 27 stocks rose while 23 moved lower.
Market breadth is determined by comparing the number of stocks trading higher versus the count of those moving lower.
Sensex, Nifty Flat Amid Volatile Trade
At 9:46 am, the Sensex was down 2.15 points at 40,321.46 while the Nifty was down 5.55 points at 11,902.60. Top percentage gainers on the 50-scrip index at the time were Yes Bank, Zee Entertainment, Tata Motors, Indian Oil and Kotak Bank, moving between 0.74 per cent and 2.90 per cent higher.
On the other hand, Grasim, Sun Pharma, Cipla, Bharti Infratel and GAIL - down between 1.02 per cent and 1.97 per cent - were the top laggards.
Sensex Opens Flat, Nifty Starts Day At 11,879
The S&P BSE Sensex index opened 7.11 points lower at 40,316.50, and the broader NSE Nifty benchmark started the session at 11,879.20, down 28.95 points from the previous close.
Sensex, Nifty Edge Lower In Pre-Open Market
The S&P BSE Sensex index gave up early gains to slide as much as 24.18 points below the previous close to 40,299.43 in the pre-opening session. At 9:07 am, the Sensex was down 11.14 points - or 0.03 per cent - at 40,312.47, while the Nifty was down 23.25 points - or 0.20 per cent - at 11,884.90.
On Friday, the Sensex had ended 330.13 points - or 0.81 per cent - lower at 40,323.61 and the Nifty settled at 11,908.15, down 103.90 points - or 0.86 per cent - from the previous close.
Britannia, Coal India, Hindalco In Focus Today
Analysts awaited more large cap companies to report their financial results for the quarter ended September 30. Britannia, Coal India and Hindalco will report their quarterly earnings on Monday.
|Stock||Change Since Q1 Earnings Announcement|
Britannia shares have risen 22.60 per cent since the release of its earnings in the April-June period.
Asian Shares Move Lower Amid US-China Trade Concerns
Equities in other Asian markets reversed gains amid uncertainty whether the US and China could end their damaging trade war. MSCI's broadest index of Asia-Pacific shares outside Japan was last seen trading 0.5 per cent lower.
Japan's Nikkei gave up early gains to drift away from a recent 13-month high. Chinese shares started lower with the blue-chip CSI300 index down 0.6 per cent. Hong Kong's Hang Seng index was down more than 1 per cent, leading the losses in Asia, as fresh violence broke out in the region.
SGX Nifty Futures Indicate Lower Opening For Domestic Markets
Domestic stock markets are likely to open lower tracking weakness in Asian peers amid concerns about the US-China trade war. At 8:34 am, the Singapore Exchange (SGX) Nifty futures - an early indicator of the National Stock Exchange (NSE) Nifty index in India - traded 32.50 points (0.27 per cent) lower at 11,914.50, after dropping to as low as 11,911.00.