BSE Sensex today: The Sensex rose as much as 198.01 points to log an intraday high of 37,343.46
Domestic stock markets rose on Wednesday as trading continued after a holiday, amid gains in Asian peers. The S&P BSE Sensex index rose as much as 198.01 points - or 0.5 per cent - during the session to register an intraday high of 37,343.46, and the broader NSE Nifty benchmark rose as high as 11,054.80, up 51.75 points from the previous close. Sharp gains in automobile shares pushed the markets higher, however selling in information technology counters limited the upside. Yes Bank and Tata Motors were the top percentage gainers on both the benchmark indices during the session. Analysts awaited macroeconomic data due on Thursday for more clarity on interest rates going forward.
Here are the highlights of the movement in domestic share markets (Sensex, Nifty) today:
Nifty Rises Over 2% In Five Days
The NSE Nifty index added 237.8 points in five consecutive sessions, marking a rise of 2.20 per cent. Wednesday's climb also meant the biggest upmove in the 50-scrip index since August 27, when it had added 364.00 points - or 3.39 per cent - in a period of three days.
Market Breadth Favours Gains; Yes Bank, Tata Motors Rise Over 10%
Top Nifty Gainers
- Yes Bank: +13.00%
- Tata Motors: +10.66%
- Eicher Motors: +5.10%
- Maruti Suzuki: +3.86%
- JSW Steel: +3.78%
Top Nifty Laggards
- ONGC: -3.13%
- Wipro: -2.91%
- GAIL: -2.80%
- HCL Tech: -2.71%
- Zee Entertainment: -2.55%
Market breadth favoured gains with an advance-decline ratio of more than 2:1, as 1,845 stocks rose on the BSE while 777 fell. On the NSE, 1,337 shares advanced while 472 declined.
Banking, Auto, Metal Stocks Surge; IT Shares Buck Trend
Eight of the 11 sectoral indices on the National Stock Exchange (NSE) finished the day in the positive zone. Top percentage gainers included the Nifty Auto, Nifty PSU Bank and Nifty Metal indices, ending 3.60 per cent, 3.11 per cent and 2.31 per cent higher respectively.
- Nifty Bank: +0.99%
- Nifty PSU Bank: +3.11%
- Nifty Private Bank: +1.01%
- Nifty Auto: +3.60%
- Nifty Metal: +2.31
- Nifty IT: -1.37%
Nifty Ends Higher For Fifth Day In A Row, Sensex Extends Gains To Third Day
The S&P BSE Sensex index ended 86.48 points - or 0.23 per cent - higher at 37,231.93 while the broader NSE Nifty benchmark settled at 11,035.70, up 32.65 points - or 0.30 per cent - from the previous close.
Top percentage gainers on the 50-scrip index were Yes Bank, Tata Motors, Eicher Motors, Maruti Suzuki and JSW Steel, ending between 3.78 per cent and 13.00 per cent higher.
Real Estate Share Extend Gains, Realty Index Jumps 4.6%
Shares of real estate companies extended gains with gauge of realty shares surging as much as 4.6 per cent.
Top gainers in real estate space:
- Oberoi Realty up 9%
- Godrej properties up 8.71%
- Sunteck Realty up 4.62%
- DLF up 4.15%
- Mahindra Lifespace Developers up 2.02%
Market Breadth Extremely Positive
The overall market breadth was extremely positive as 1,340 shares were advancing while 433 were declining on the National Stock Exchange.
Rupee Reverses Early Losses
The rupee reversed early losses to rise by as much as 10 paise to 71.60 against the US dollar, despite rising crude oil prices. Brent crude futures - the global benchmark for crude oil - rose 0.6 per cent to $62.76 a barrel, after an industry report showed that crude stockpiles in the US fell last week by more than twice the amount that analysts had forecast.
At 1:53 pm, the rupee traded six paise - or 0.09 per cent - higher at 71.64 against the greenback.
Auto Stocks Jump With Nifty Auto Index Rising 2.9%
At 12:47 pm, the Sensex traded 117.59 points - or 0.32 per cent - higher at 37,263.04, while the Nifty was up 28.55 points - or 0.26 per cent - at 11,031.60. The Nifty Auto sectoral index - comprising manufacturers of cars, two-wheelers, heavy vehicles as well as auto ancillaries - surged as much as 2.87 per cent, led by Tata Motors, Motherson Sumi, TVS Motor and Eicher Motors, which were up 7.59 per cent, 5.09 per cent, 3.23 per cent and 3.20 per cent respectively.
Market Update: Sensex Up Over 150 Points, Nifty Near 11,050
The S&P BSE Sensex and NSE Nifty 50 indices were trading firmly higher led by gains in Reliance Industries, Larsen & Toubro, Maruti Suzuki, IndusInd Bank and State Bank of India.
As of 12:08 pm, the Sensex traded 137 points higher at 37,318 and the NSE Nifty 50 index was 0.3 per cent or 35 points at 11,038.
Nine of 1 sector gauges compiled by National Stock Exchange were trading higher led by Nifty Realty index's 3.1 per cent gain. Nifty PSU Bank, Metal and Auto indices also rose between 2 and 2.6 per cent each.
On the flipside, Nifty IT index was top loser, down 1.2 per cent.
11,040-11,060 Levels Critical Zone For Nifty, Says Prakash Pandey
11,040-11,060 is the critical zone for the Nifty 50 index, Prakash Pandey of Plutus Advisors and Consulting told NDTV. "If Nifty manages to close above these levels it can go up to 11,200 levels," he said. He advises going long on Nifty futures with stop loss at 11,005 for target of 11,120.
Indiabulls Real Estate Surges Over 3% On Divestment Plan
Indiabulls Real Estate shares rose as much as 3.26 per cent to Rs 66.35 on the BSE, after the company announced plans to sell its stake in certain commercial and leasing business assets.
"The company and its certain subsidiaries have agreed and finalized with entities controlled by The Blackstone Group Inc (Blackstone), which is a globally renowned real estate private equity investor, to divest their entire direct/indirect stake in existing JV companies with Blackstone, namely Indiabulls Properties Pvt. Ltd. and Indiabulls Real Estate Co. Pvt. Ltd. (both owning commercial assets at Lower Parel Mumbai), Yashita Buildcon Ltd. and Ashkit Properties Ltd. (both owning commercial assets at Udyog Vihar in Gurugram)", Indiabulls Real Estate said in a regulatory filing.
Yes Bank Shares Soar 9% After CEO Says Lender Near Stake Sale To Global Tech Company Yes Bank shares jumped
as much as 8.87 per cent to Rs 68.70 apiece on the BSE, a day after its CEO said the private sector lender was close to securing a deal to sell a minority stake to a global technology company. Without naming the investor, Ravneet Gill said the stake sale was likely to be less than 10 per cent initially but could rise, describing the buyer as one of the world's top three technology companies that had not previously invested in a bank.
At 11:01 am, Yes Bank shares traded 8.56 per cent higher at Rs 68.50 apiece on the BSE, outperforming the benchmark Sensex index which was up 0.38 per cent.
Mid-, Small-Cap Stocks Outperform Broader Markets
Mid- and small-cap shares continued their upmove for a fifth session in a row, with the S&P BSE Midcap and Smallcap indices rising as much as 0.74 per cent and 1.02 per cent respectively during Wednesday's session.
Jindal Steel, Varroc Engineering, Reliance Infrastructure, Star Paper Mills and Goa Carbon - trading between 4.27 per cent and 18.54 per cent higher were among the top gainers.
Metal Auto Sectors Push Markets Higher, IT Worst Hit
At 10:03 am, the Sensex traded 0.34 per cent higher at 37,273.16, and the Nifty was up 0.14 per cent at 11,018.80. Sixteen out of the sectoral indices on the BSE traded in the positive zone. In percentage terms, the S&P BSE Metal, Auto and Basic Materials indices were the top gainers, up 2.08 per cent, 1.70 per cent and 1.39 per cent respectively.
On the other hand, the S&P BSE Information Technology and Tech indices were the worst hit, down 1.01 per cent and 0.84 per cent respectively.
|BSE sectoral index||Change in points||Percentage change|
|S&P BSE METAL||182.11||2.08|
|S&P BSE AUTO||274.11||1.7|
|S&P BSE Basic Materials||34.66||1.39|
|S&P BSE REALTY||22.03||1.12|
|S&P BSE Fast Moving Consumer Goods||-4.29||-0.04|
|S&P BSE TECK||-66.26||-0.84|
|S&P BSE Information Technology||-162.77||-1.01|Yes Bank, Tata Motors Top Gainers
Top Nifty Gainers
Top Nifty Laggards
- Nifty Bank: +0.50%
- Nifty PSU Bank: +1.06%
- Nifty Auto: +1.36%
- Nifty Metal: +1.59%
- Nifty IT: -0.48%
- Nifty Pharma: +0.94%
Financial, Metal Sectors Push Markets Higher
Gains in banking, financial services and metal shares supported the markets however weakness in information technology stocks limited the upside. Market breadth favoured gains, with 567 stocks on the BSE trading higher and 267 struggling with losses. On the NSE, 1,003 stocks advanced while 471 declined.
Share Markets At 9:19 Am
At 9:19 am, the Sensex traded 98.26 points - or 0.26 per cent - higher at 37,243.71, while the broader Nifty was up 16.65 points - or 0.15 per cent - at 11,019.70. Top gainers on the 50-scrip index at the time were Yes Bank, Tata Motors, Vedanta, Tata Steel, JSW Steel and IndusInd Bank, trading between 1.10 per cent and 4.52 per cent higher.
HDFC Bank, Reliance Industries and IndusInd Bank were the top contributors to the gains in Sensex.
Sensex, Nifty Rise In Early Trade
Domestic stock markets started Wednesday's session on a higher note as the markets resumed trading after a holiday, tracking gains in Asian peers. The S&P BSE Sensex index rose as much as 115.8 points in early trade to touch 37,261.25, and the broader NSE Nifty benchmark moved to 11,034.80, up 31.75 points from its previous close on Monday.
Rupee Edges Lower Against Dollar
The rupee edged lower against the US dollar in early trade. After opening at 71.86 against the greenback, the rupee declined to as much as 71.87 in the first few minutes of trade. At 9:04 am, the rupee was down by 0.07 paise - or 0.10 per cent - at 71.77 against the US currency.
Macroeconomic Data Due On Thursday
Analysts awaited the release of consumer inflation data due on Thursday for more clarity on monetary policy going forward. The government will release the consumer inflation data for the month of August at 5:30 pm on Thursday. Consumer inflation - gauged by the Consumer Price Index - eased to 3.15 per cent in July
from 3.18 per cent in the previous month, government data last month showed.
Data on industrial production will also be released separately.
Sensex Rises In Pre-Open Market
In the pre-opening session, the Sensex rose as much as 175.57 points - or 0.47 per cent - to 37,321.02. At 9:02 am, the Sensex was seen 146.47 points - or 0.39 per cent - higher at 37,291.92, while the broader Nifty was up 50.30 points - or 0.46 per cent - at 11,053.35. 29 stocks advanced while 14 declined on the 50-scrip index in the pre-open market.
Yes Bank shares will be in focus today, a day after its CEO and managing director said the private sector lender is close to securing a deal to sell a minority stake to a global technology company. Ravneet Gill said the stake sale will help Yes Bank boost its capital.
"We are in fairly advanced level of talks right now and it is close to being a done deal," he told news agency Reuters in an interview.
Markets Set To Resume Trading After A Day's Holiday
On Monday, the Sensex had ended 163.68 points - or 0.44 per cent - higher at 37,145.45, and the broader NSE Nifty benchmark
settled at 11,003.05, up 56.85 points - or 0.52 per cent - from the previous close. The 50-scrip index had last closed above the 11,000 mark on August 30.
Asian Shares Up On Hopes Of Easing US-China Trade Concerns
Equities in other Asian markets held firm and bond yields rose on Wednesday as hopes of diminishing US-China tensions and reduced risk of no-deal Brexit prompted investors to take profit in risk-off trade ahead of key central bank policy meetings.
In early trade, MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.10 per cent while Japan's Nikkei rose 0.32 per cent.
SGX Nifty Indicates Positive Start For NSE Nifty Today
Domestic stock markets are likely to start Wednesday's session on a higher note amid gains in Asian peers. At 8:36 am, the SGX Nifty - an early indicator of the National Stock Exchange (NSE) Nifty in India - traded 59.50 points - or 0.54 per cent - higher at 11,030.50 on the Singapore Exchange.