BSE Sensex Today: Gains were led by advances in metal stocks.
Domestic stock markets continued their winning run for the seventh consecutive session on Monday, with the S&P BSE Sensex index climbing to a record high. The Sensex rose to as high as 40,483.21 in intraday deal, up 318.18 points from the previous close. The broader NSE Nifty benchmark rose as much as 98.55 points to touch 11,989.15 on the upside, but remained 113.9 points shy of its all-time high recorded in June. Gains in metal stocks supported the markets however losses in auto and consumer goods stocks limited the upside. Infosys shares surged and were among the top gainers on both benchmark indices, after the software services company said it received no prima facie evidence to support the allegations in a whistleblower letter from last month. (Track Share Market Here)
Here are highlights of the movement in domestic stock markets (Sensex and Nifty) today:
Market Ends Higher For Seventh Straight Session
The Sensex ended 136.93 points - or 0.34 per cent - higher at 40,301.96, and the Nifty settled at 11,945.15, up 54.55 points - or 0.46 per cent - from the previous close.
Top percentage gainers on the 50-scrip index were Bharti Infratel, JSW Steel, Bajaj Finserv, Coal India and Infosys, ending between 3.23 per cent and 6.20 per cent higher.
HDFC Shares Rise 2% After Company Reports 61% Rise In September Quarter Profit
HDFC reported a 60.58 per cent increase in net profit to Rs 3,961.53 crore in the quarter ended September 30. Interest income stood at Rs 10,478.33 crore in the second quarter of current financial year, as against Rs 9,494.70 crore in the corresponding period a year ago, according to a regulatory filing by the mortgage lender.
Shares jumped to as high as Rs 2,184.65 apiece on the BSE after the earnings announcement, marking an increase of 2.64 per cent compared with their previous close of Rs 2,128.55. At 2:37 pm, HDFC shares traded 2.18 per cent higher at Rs 2175.05 on the bourse, outperforming the benchmark Sensex index which was up 0.44 per cent.
Sun Pharma Advanced Research Company Falls After Loss Widens In September Quarter
Shares of Sun Pharma Advanced Research Company (SPARC) fell as much as 5.47 per cent to Rs 137.50 after the company informed exchanges that its loss widened to Rs 63.16 crore in September quarter compared with loss of Rs 2.58 crore in the same quarter last year.
Its revenue from operations fell 72 per cent year-on-year to Rs 17.19 crore.
Infosys Shares Rise Over 6%, Company Says No Evidence On Whistleblower Complaints
Infosys shares rose as much as 6.47 per cent to Rs 732.50 apiece on the BSE, after the company said it received no evidence to support the allegations in a whistleblower letter from last month. (Read full text of Infosys's letter to NSE
AT 12:40 pm, the Infosys stock traded 3.76 per cent higher at Rs 713.90 apiece on the bourse, still outperforming the benchmark Sensex index which was up 0.18 per cent.
Auto, Consumer Goods Sectors Weigh On Markets
The Nifty Media, Auto and Fast-Moving Consumer Goods indices were the worst hit in percentage terms. On the other hand, the Metal, IT and PSU Bank gauges bucked trend.
|Nifty PSU Bank||+0.39%|
|Nifty Financial Service||-0.02%|
|Nifty Private Bank||-0.26%|
|Nifty Fast Moving Consumer Goods||-0.42%|
|Nifty Media||-3.26%|Share Market Update: Sensex Up 50 Points, Nifty Near 11,900
The markets gave up most of the intraday gains amid selling in At 12:27 pm, the Sensex traded 50.49 points (0.13 per cent) higher at 40,215.52 while the Nifty was at 11,910.60, up 20.00 points (0.17 per cent) from the previous close. All but three of the 11 sectoral indices on the NSE traded in the negative zone.
The Nifty IT, Metal and PSU Banks indices were up between 0.39 per cent and 2.8 per cent.
Tata Steel, Vedanta, Yes Bank, Bajaj Finance Top Gainers
Twenty two stocks on the S&P BSE Sensex index traded in the positive territory. Top gainers on the index were Tata Steel, Vedanta and Yes Bank, up between 2.18 per cent and 4.96 per cent.
Top Sensex Gainers
- Tata Steel: +4.96%
- Vedanta: +4.55%
- Yes Bank: +2.18%
- Bajaj Finance: +2.04%
- ICICI Bank: +1.90%
Top Sensex Losers
- Tata Motors: -0.34%
- Maruti Suzuki: -0.59%
- Bajaj Auto: -0.71%
- Infosys: -0.79%
- Hero MotoCorp:-1.64%
Sensex Up 196 Points, Nifty Holds 11,950
At 9:42 am, the Sensex traded 195.51 points - or 0.49 per cent - higher at 40,360.54 while the Nifty was up 61.45 points - or 0.52 per cent - at 11,952.05. Top gainers on the 50-scrip index at the time were Bharti Infratel, Hindalco, Tata Steel, Vedanta, JSW Steel and Bajaj Finserv, up between 2.93 per cent and 5.06 per cent.
On the other hand, Yes Bank, Zee Entertainment, Hero MotoCorp - trading between 0.99 per cent and 3.75 per cent lower - were the top percentage laggards on the Nifty.
Sensex Hits Record High, Nifty More Than 100 Points Away From Record High
The S&P BSE Sensex index rose as much as 269.8 points to touch a record high of 40,434.83, surpassing its earlier high of 40,412.25 recorded last week. The broader NSE Nifty benchmark climbed 84.2 points to touch 11,974.80 at the strongest level in first few minutes of trade, but was still 128.25 points shy of its record high recorded in June this year.
Sensex Opens 129 Points Higher, Nifty Starts Day At 11,929
The Sensex opened 128.82 points higher at 40,293.85 and the Nifty started the session at 11,928.90, up 38.3 points from the previous close. That marked the ninth straight positive opening for both benchmark indices.
Sensex Rises Over 150 Points, Nifty Above 11,900 In Pre-Open Market
In the pre-opening session, the Sensex rose to as high as 40,339.66, up 174.63 points from the previous close. At 9:06 am, the Sensex was up 136.21 points - or 0.34 per cent - at 40,301.24 while the Nifty was at 11,934.25, up 43.65 points - or 0.37 per cent - from the previous close.
Yes Bank Shares To Be In Focus Today
Yes Bank shares will be in focus today. Singapore-based DBS Bank
on Saturday denied reports that it would acquire a controlling stake in Yes Bank. "The rumours of DBS acquiring a stake in Yes Bank are unfounded and baseless," a DBS Bank spokesperson told news agency IANS.
On Friday, Yes Bank reported a net loss of Rs. 600 crore for the quarter ended September 30. Its asset quality worsened, with gross non-performing assets (NPA) as a percentage of total advances rising to 7.39 per cent in Q2 from 5.01 per cent in the previous quarter. Earlier, the private sector lender said it had received a binding offer of investment worth $1.2 billion from a global investor, leading to the biggest single-day jump in its shares the next day.
Sensex, Nifty Are Up 3% In Past Six Days
Domestic stock markets have risen for last six consecutive sessions. Since October 24, the S&P BSE Sensex index added a total 1,144.64 points so far, marking a gain of 2.93 per cent. The broader NSE Nifty benchmark added 308 points - or 2.66 per cent - during this period.
Asian Shares Move Over 1% Higher
Shares in Asian markets jumped following gains in the Wall Street on Friday after an upbeat US jobs report and data on Chinese manufacturing eased concerns about slowing global growth.
MSCI's broadest index of Asian Pacific shares barring Japan was last seen trading 1.04 per cent on Monday. Last Friday, the Dow Jones Industrial Average rose 1.11 and the S&P 500 gained 0.97 per cent. Job growth in the US slowed less than forecast in October.
SGX Nifty Futures Indicate Higher Opening For Domestic Markets
Domestic stock markets are likely to open higher tracking strong gains in Asian peers. The Singapore Exchange (SGX) Nifty futures rose as high as 32.5 points to touch 11,970.00 in early trade, and was seen half a point lower from that level at 8:30 am. The SGX Nifty futures are an early indicator of the National Stock Exchange (NSE) Nifty index in India.