Market: Sensex rises 700 points, Nifty rises 200 points; IT index jumps

Market: Sensex rises 700 points, Nifty rises 200 points; IT index jumps

Market at 02:30 pm

LIVE Market Updates: Major benchmark indices extended gains in post-noon deals as buying spread across sectors. The BSE Sensex was up 714 points at 60,634 and the NSE Nifty was up 214 points at 18,088.

Infosys, HDFC and Reliance Industries contributed nearly 50 per cent (350 points) to the BSE Sensex’s gains.

Among sectors, the BSE IT and Telecom indices were up 1.7 per cent each. The Capital Goods and Energy Index was up 1.3 per cent. All sectoral indices remained in the positive zone.

Meanwhile, European markets were stunned at the start of trading. The FTSE 100 was down 0.3 per cent and the DAX 30 was down 0.1 per cent. The CAC 40 was flat.

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Market at Lunch (01:30 PM)

LIVE MARKET UPDATES: Major benchmark indices gained strength in late afternoon deals on fresh buying in IT stocks and select heavyweights such as HDFC, Bharti Airtel and Reliance Industries.

The BSE Sensex was up 520 points at 60,440, and its counterpart NSE Nifty had reclaimed the 18,000 mark, and was up 157 points at 18,031.

Among 30 Sensex stocks, Tech Mahindra was the top gainer at Rs 1,580, up 3.7 per cent. Infosys and HDFC gained over 2 per cent each. On the other hand, Bajaj Auto closed 3 per cent lower at Rs 3,637.

The broader markets were underperforming the benchmark indices. The BSE Midcap index was up 0.4 per cent and the Smallcap index was up 0.2 per cent.

Zomato and Devyani posted new highs of 9 per cent and 15 per cent, respectively, after global index provider MSCI added the former to its MSCI Global Standard India Index and the latter to its MSCI India Domestic Small Cap Index. read more

Elsewhere in Asia, markets mostly closed in the green. The Kospi and Japan’s Nikkei rose 1.5 per cent and 1.1 per cent, respectively. Hang Seng and Taiwan rose 0.4 per cent. The Shanghai Composite gained 0.2 per cent.

in the primary market, Latent View Analytics IPO Continued to receive strong response. As of 1:15 pm, the issue was subscribed 123.2 times, with huge demand from non-institutional investors – 355.6x and retail investors – 95.5x.

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market in the afternoon

Live Market Updates: The Frontline Index resumed its uptrend and came back near the day’s high trajectory in the afternoon trades. The BSE Sensex was up 278 points at 60,192 while the Nifty 50 was up 92 points at 17,966.

The overall market breadth is in favor of sellers amid negative sentiment in broader markets.

Sector-wise, the media and PSB indices were down 0.7 per cent while the IT index was up over 1 per cent.

On the results front, Motherson Sumi Reported decline in net profit and revenue for Q2FY22. The former came in at Rs 217 crore while the latter stood at Rs 10,076 crore. Ebitda also declined to Rs 942 crore. As a result, shares fell more than 3 per cent.

In another development, Paytm has fixed an offer price of Rs 2,150 for its initial share-sale. The shares are expected to be listed on November 18. read more

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market at 11 am

LIVE Market Updates: Profit-booking in public sector bank stocks pulled the indices down from day’s highs in morning deals. The BSE Sensex index was testing the 60,000 level, up 160 points, while the Nifty 50 was trading below the 17,950 level.

At the broader market level, BSE Midcap and Smallcap indices are in the red, falling up to 0.2 per cent.

personally, shares of Fino Payments Bank It closed at Rs 510 per share, down 12 per cent relative to the issue price.

shares of InterGlobe Aviation (Indigo) Nearly 1 per cent of the airline’s total equity changed hands over the counter, rising 6 per cent to Rs 2,268 on the BSE in Friday’s intra-day trade. read more

Sector wise, auto stocks remained in the red. According to SIAM data for October, passenger vehicle sales stood at 2.26 lakh units and motorcycle sales stood at 10.2 lakh units.,

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market at 10 am

Live Market Updates: Benchmark indices are maintaining their morning gains and are trading with a gain of 0.5 per cent. BSE Sensex was up 326 points at 60,246 level, while Nifty 50 was at 17,979 at 10:05 am.

However, the broader markets are underperforming the benchmark in mid and smallcap indices with the BSE rising 0.2 per cent.

However, watching a dull show, had shares of Fino Payments Bank Which is listed on the stock exchanges at a discount of 6 percent. They debuted at Rs 544 per share, down 5.6 per cent on the National Stock Exchange, as against the issue price of Rs 577 per share.

Shares on the Results Front Indiabulls Housing Finance The company’s net profit for the quarter ended September was down 4 per cent on the BSE following a fall in its loan book at Rs 286 crore after an 11 per cent decline.

In the sector, auto, media and PSB indices have erased their gains and are now down 0.2 per cent.

In money marketThe rupee opened at 74.38 per US dollar against Thursday’s closing price.

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opening bell

live market updatesOn Friday, there was an increase in the stock markets amid heavy buying in the stock markets. Besides, strong Asian cues also supported the market sentiment.

The S&P BSE Sensex was up 362 points or 0.6 per cent at 60,281.5 in opening deals, while the Nifty 50 was up 100 points at 17,973.

in individual shares, Tata Steel The Tata group company’s consolidated net profit jumped nearly 2 per cent after an 8-fold jump to Rs 11,918 crore in the September quarter.Sun Pharma, Kotak Bank, Nestle India, Tech M, Infosys and HDFC were other top gainers in the Sensex pack.

Meanwhile, in the broader market, BSE Midcap and Smallcap indices rose 0.65 per cent.

Here, stock of Zee Entertainment Enterprises Consolidated net profit for the quarter ended September 30, 2021 rose 1.6 per cent to Rs 270 crore following a rise of 187 per cent.

Sectorally, all Nifty indices were trading in the positive zone led by metal indices (up 0.8 per cent), and IT, PSB and realty indices (up 0.5 per cent each).
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pre-open session

LIVE Market Updates: After 3 days of bear market, the market bulls are back on Dalal Street. BSE Sensex was up 327 points at 60,247 level in pre-open session while Nifty 50 was up 104 points at 17,977.

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Updated at 8:20 am

live market updates: If the signs of SGX Nifty are to be believed, then the three-day downward trend in the Indian stock market will break. The index was up 47 points at 17,973 at 8:17 am.

This comes amid positive signs from Asian peers. The Nikkei and Hang Seng were up 0.9 per cent and 0.7 per cent, respectively. The Kospi was up 1.3 per cent, while Taiwan and the Straits Times were up 0.3 per cent and 0.2 per cent. China’s Shanghai Composite, however, remained flat.

However, overnight the US markets closed with a mixed trend. The S&P 500 and Nasdaq rose 0.1 per cent and 0.5 per cent, respectively. However, the Dow Jones lost 0.4 percent.

Back home, industrial and manufacturing production data along with inflation numbers could set the market trend on Friday.

earning to watch

Amarja Batteries, Apollo Hospitals, Ashok Leyland, Bajaj Electricals, Bharat Forge, Coal India, Coffee Day, Deepak Fertilizers, Finolex Cables, Fortis Healthcare, Glenmark Pharma, GMR Infra, Grasim, Hero MotoCorp, Hindalco, Vodafone Idea, Jaypee Associates, National Aluminium, ONGC, Reliance Capital, SpiceJet, Suzlon and Thomas Cook are some of the major companies that are earning today.Analysts expect: Vodafone Idea To report a sequential increase in ARPU (Average Revenue Per User). However, customer churn could impact quarterly performance, he says. read preview here

primary market update

At the end of the second day of the issue, Latent View Analytics was subscribed 23 times, with the retail quota subscribed 70 times. Meanwhile, the IPO of Sapphire Foods closed with a total subscription of 6.6x.

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