Market: Gain in mid, smallcap stocks; Motherson Sumi up 10%, Macrotech
market at 11 am
Live Market Updates: Barring financial and banking stocks, most of the major regional players are trading higher on the exchanges.
NS nifty auto indexFor example, was up 1 percent and was at the forefront of gainers in late morning deals. Among individual stocks, Motherson Sumi Systems, Varok Engineering, JBM Auto, VST Tillers Tractors and Sharda Motor Industries rose up to 10 per cent on the BSE on expectations of a better outlook. read moreBesides, Nifty Media, IT and Metal indices were up between 0.8 per cent and 1.1 per cent.
Overall, the BSE Sensex index was down 206 points at 60,512 and Nifty 50 was at 18,055. Among the broader markets, the BSE Midcap index was up 0.2 per cent while the BSE Smallcap index was up 0.7 per cent.
three-day issue in the primary market tarsan products Has been subscribed 1.4 times till 11 am on the second day.
market at 10 am
Live Market Updates: Frontline indices were marginally off the day’s low as investors rushed to sell pharma stocks along with metals, banks and select FMCG stocks.
At 10:05 am, the BSE Sensex was down 177 points at 60,541 while the Nifty 50 was down 38 points at 18,078. Both the indices touched intra-day lows of 60,434 and 18,033 respectively earlier today.
Reliance Industries (down 1.5 per cent) was the laggard on the Nifty index, followed by HDFC, Asian Paints, Kotak Bank, Divis Labs, HDFC Bank and Cipla. On the gains, Maruti Suzuki (up 1.8 per cent), Tata Motors, JSW DTEL, Hero MotoCorp, Adani Ports and Tata Steel were the top gainers.
Gains in broader markets continue to support the breadth of the overall market.
individually, shares of PB Fintech, parent company of Policybazaar India, after a strong market opening on Monday, rose another 16 per cent to Rs 1,397 on the National Stock Exchange (NSE) in Tuesday’s intra-day trade. With today’s rally, the stock has risen 43 per cent against its issue price of Rs 980 per share. read more
In money marketThe rupee opened at 74.49 per US dollar against Monday’s closing price.
live market updates: Benchmark indices opened in negative territory on Tuesday amid selling in metal and financial counters. The BSE Sensex index ended 134 points or 0.22 per cent lower in opening deals at 60,585 levels, dragged by Tata Steel, HDFC, Reliance Industries, Axis Bank, Kotak Bank and Asian Paints.
NSE Nifty50 also closed 32 points lower at 18,077 points. Meanwhile, broader midcap and smallcap indices on the BSE rose up to 0.2 per cent.
in individual shares, escorts The company said its board meeting scheduled for November 18, after considering and evaluating proposals to raise funds through bonds/debentures/any other securities, increased by 0.23 per cent.
Other than this, Macrotech Developers It grew 1.6 per cent when the company launched the Qualified Institutional Placement (QIP) program to raise Rs 4,000 crore.
Ultimately, coforge The 5.7 per cent jump came amid reports that the company may soon file an initial public offering with the US SEC (Securities Exchange Commission) through the ADR (American Depository Receipts) route.
Sectorally, the Nifty IT index was up 0.4 per cent while the Nifty Financial Services index was down 0.5 per cent.
Overall, the breadth of the market was in favor of buyers with 1,334 stocks leading the way on the BSE, while 853 stocks declined.
Live Market Updates:
Frontline index shares closed flat in the pre-open session. For example, the BSE Sensex closed 36 points higher at 60,755. On the other hand, Nifty 50 closed 17 points higher at 18,127.
Updated at 8:25 am
LIVE Market Updates: Indices may continue to trade sideways on Tuesday amid lack of triggers. At 8:15 am, the SGX Nifty was up 56 points at the level of 18,195.
On the technical chart, Nifty needs to sustain above the 18,070-odd level for further gains. While the index may move higher up to 18,500 levels, Nifty may fall further towards 17,800 levels on the downside.
<strong>primary market update</strong>
Tarson Products’ IPO of Rs 1,024 crore managed a full subscription till the end of the first day, with the subscription level being 2.1 times the retail share.
US markets were almost flat on Monday amid a rise in Treasury yields. according to a Reuters In the report, the focus is now on retail sales data for October, which is expected to show the impact of inflation on consumer spending.
In Asia, Hang Seng and Taiwan were up 0.3%. Nikkei, Shanghai Composite, Straits Times and Kospi remained more or less unchanged.
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