Market: Sensex rose 450 points, climbed 61 thousand again; Nifty near 18,200; financial leadership – World Affairs SRS

Market: Sensex rose 450 points, climbed 61 thousand again; Nifty near 18,200; financial leadership

– World Affairs SRS

market at 10 am

Live Market Updates: Benchmark indices were strong in morning deals, propelled by buying in heavyweights RIL, private lender HDFC and select banking counters like ICICI Bank, Kotak Bank and SBI made their early gains. All of them were up between 0.9-1.6 per cent.

After reclaiming the 61,000 mark at the open, the BSE Sensex was up 343 points at 60,960. The NSE Nifty was up nearly 100 points at 18,154.

The BSE Midcap and Smallcap indices were also strongly positive and were up 0.7 and 0.8 per cent, respectively.

Sector-wise, the realty index on the NSE led the way with a gain of nearly 3 per cent, followed by metal, energy and PSU banks.

On the other hand, IT and Pharma indices were largely muted, falling 0.1 per cent each. IT majors TCS, Wipro and HCL Tech were trading down up to 0.7 per cent except for Infosys, which was up 0.6 per cent.

Among stocks, Tata Teleservices (Maharashtra) shares were closed 5 per cent lower circuit at Rs 276.50 on BSE after the company decided to convert interest related to adjusted gross revenue (AGR) dues of Rs 850 crore into equity. did.

The government will hold approx. According to the company’s estimate, 9.5 percent stake. In October, the company had decided to opt for deferment of these dues. Read more


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opening bell

LIVE Market Updates: Taking support from strong global cues, benchmark indices opened higher for the fourth consecutive day on Wednesday. The BSE Sensex was up 327 points at 60,944 while the NSE Nifty was up 106 points at 18,162. Both the indices rose up to 0.5%.

In the broader market, BSE Midcap and Smallcap indices were also in the green and were up 0.4 and 0.6 per cent respectively.In the Sensex-30 shares, only Titan, Dr Reddy’s, HUL, TCS and Nestle were in the red mark, all other stocks UltraTech Cement, Tata Steel, IndusInd Bank, Bajaj Finance, SBI, Kotak Bank, Bharti were the biggest gainers in trading. Was doing. Airtel, Sun Pharma, L&T and RIL were up 0.8-1.6 per cent each.

On Nifty, Hindalco, ONGC, Grasim, BPCL and IOC were additonal gainers. Cipla, UPL and some auto stocks declined in the fall.

All Nifty sectoral indices were also trading in positive territory, with metals and realty rising 1.3 and 2 per cent respectively, followed by oil and gas and bank indices.

Among stocks, Delta Corp was up over 3 per cent on the BSE on the back of strong Q3 earnings.

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pre-open session

LIVE Market Updates: Benchmark indices were positive in pre-open trade amid strong global sentiment. The BSE Sensex was up 443 points at 61,060, while the NSE Nifty was up 110 points at 18,166.

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LIVE Market Updates: Benchmark indices are likely to gain gains for the fourth straight session on Wednesday amid strong cues from their global peers. At 8:10 am, the SGX Nifty futures were up 150-odd points at 18,237 when compared to the spot Nifty had closed the previous day.

The position in IT stocks will be visible ahead of quarterly earnings to be announced after market hours today.

In addition, macroeconomic data on inflation, manufacturing and IIP numbers will also be monitored to gauge possible policy action by RBI.

Telecom stocks may also be in the focus of the three major telcos who are demanding 90-95 per cent cut in the base price of 5G spectrum auctions.

<strong>global signal</strong>

Powell’s comments came after US markets reassured investors on Tuesday that the Fed was not going to prioritize a reduction in inflation above everything else, including employment. The Dow Jones rose 0.5 percent, the S&P 500 0.9 percent and the Nasdaq 1.4 percent.

Meanwhile, oil prices rose sharply in trade on Tuesday, supported by tight supplies and fears of a lesser economic impact due to Omicron. Brent crude rose 2.9 per cent to $83.72 a barrel and WTI crude rose 3 per cent to $81.22 a barrel.

Major Asian markets presented a good picture on Wednesday morning. The Nikkei and Hang Seng were up 1.2 per cent and 1.6 per cent, respectively. Kospi had also jumped more than one per cent. China’s Shanghai Composite, Straits Times and Taiwan Weighted were up 0.3-0.4 per cent.

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