Sensex, Nifty Give Up Most Of Day's Gains: 10 Things To Know

Top gainers on the 50-scrip index were IndusInd Bank, Bharti Infratel, ITC, Ultracemco and HDFC.

Sensex, Nifty Give Up Most Of Day's Gains: 10 Things To Know

HDFC, Reliance Industries and ITC were the top contributors to the gain in Sensex.

Domestic stock markets started Thursday's session on a positive note, led by a surge in real estate stocks after the government announced a Rs 25,000-crore special window for stalled real estate projects. The S&P BSE Sensex index jumped as much as 206.66 points to hit a new record high of 40,676.44 and the broader NSE Nifty benchmark advanced 55.35 points to 12,021.40, but was still 81.65 points away from an all-time high recorded in June this year.

Here are 10 things to know about Sensex, Nifty's movement today:

  1. The markets soon gave up most of the intraday gains amid selling in automobile, metal and pharma stocks.

  2. At 11:31 am, the Sensex traded 73.06 points - or 0.18 per cent - higher at 40,542.84 while the Nifty was up 12.80 points - or 0.11 per cent - at 11,978.85. 

  3. Top percentage gainers on the 50-scrip index at the time were Bharti Infratel, IndusInd Bank, Titan, UltraTech Cement and HDFC, trading between 1.21 per cent and 2.74 per cent higher.

  4. Reliance Industries, HDFC, Infosys and ITC  were the top contributors to the gain in Sensex.

  5. However, only six out of the 11 sectoral indices on the NSE were able to defend the positive territory. On the other hand, the auto, metal, pharma, PSU banking and media sectors moved lower.

  6. Real estate stocks got a boost a day after the government approved Rs 10,000 crore for a fund to help clear stalled housing projects, and said State Bank of India (SBI) and Life Insurance Corporation (LIC) will contribute an additional Rs. 15,000 crore.

  7. The Nifty Realty index - comprising 10 stocks - was 0.66 per cent higher at that time. Indiabulls Housing Finance - which was the top gainer on the realty index - was up 4.93 per cent.

  8. Other real estate firms such as Sobha and Prestige Estates Projects were up at 2.57 per cent and 1.06 per cent, respectively.

  9. Yes Bank slipped nearly 4 per cent on the NSE after credit ratings major Moody's placed its ratings on the private sector lender under review.

  10. Shares of Aurobindo Pharma fell as much as 1.84 per cent after the company said the US Food and Drug Administration issued a warning letter for few of its facilities in Hyderabad.



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