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F&O expiry: Indices gain for 5th day, Nifty above 11,550; DLF advances 10%

All that happened in the markets today

SI Reporter New Delhi
Stock brokers
(Photo credit: Kamlesh Pednekar)

3 min read Last Updated : Aug 27 2020 | 4:14 PM IST

4:14 PM

MARKET COMMENT | Vinod Nair, Head of Research at Geojit Financial Services

"The Indian benchmark indices showcased a strong opening, and although they gave up some of their gains, they still managed to close with a positive bias. Global cues were mostly negative, ahead of expected policy statements by the US Fed Reserve chairman and also due to the ongoing US-China trade tensions. On the domestic front, autos and financials contributed most to the gains after favourable earnings commentary and some earning upgrades prompted investor action. Global markets will react to the Fed Reserve statements, later in the day, and are expected to affect market movements tomorrow."

3:42 PM

SECTOR WATCH:: Nifty Realty index jumps nearly 6.5%

3:41 PM

MARKET AT CLOSE:: Gainers and losers on the S&P BSE Sensex

3:36 PM

CLOSING BELL

The S&P BSE Sensex ended 39.5 points or 0.10 per cent higher at 39,113 levels while NSE's Nifty ended at 11,559, up 10 points or 0.08 per cent.

3:27 PM

BUZZING STOCK:: M&M up over 4%

3:15 PM

BROKERAGE VIEW:: Edelweiss Securities on Metals sector

Major domestic players continue to have an edge. If the price hike being contemplated in September-20 comes through, the stocks may rally further. However, it is contingent on international prices and demand; which appear to be reasonably favorable as of date. We reiterate our positive stance on the sector and maintain Tata Steel as the preferred pick in the space (‘BUY/SO’; TP: Rs 500).

3:08 PM

NEWS ALERT | FM Sitharaman's media briefing delayed

3:07 PM

Heatmap: S&P BSE Sensex gainers and losers at this hour

2:57 PM

Stocks that hit 52-week high on BSE today

COMPANY PRICE(rs) 52 WK HIGH CHG(%)
AFFLE INDIA 2796.20 3083.00 -5.00
APL APOLLO TUBES 2469.50 2517.80 -0.54
ATUL 6148.95 6150.10 4.23
CAPRI GLOBAL 223.65 235.00 -0.02
DIXON TECHNOLOG. 8576.90 8649.00 2.79
» More on 52 Week High

2:57 PM

BUZZING STOCK:: Future Retail jumps around 11%

2:50 PM

The FAANGs are back and sharper: Global tech giants' 10-year bet on India

The agenda of each of the 13 investors in Jio Platforms is amply stated. Facebook will get a piece of Jio Mart’s e-commerce on WhatsApp. Google is promised a foothold in the feature phone market. Intel and Qualcomm have a big buyer for their chips. And the financial investors are in for handsome bonuses when Jio IPOs hit the market in some two-three years. READ MORE

2:40 PM

MARKET UPDATE:: Nifty Bank index trades 200 points higher ahead of F&O expiry

2:31 PM

Top gainers on BSE at this hour

COMPANY PRICE(rs) CHG(%)
DLF 176.25 10.12
DISH TV INDIA 12.02 9.97
GODFREY PHILLIPS 1042.20 9.37
SUNTECK REALTY 277.85 7.99
GODREJ PROPERT. 916.85 7.87
» More on Top Gainers

2:26 PM

IndusInd Bank soars 9% after UBS upgrades the stock to 'Buy' from 'Sell'

Shares of private lender IndusInd Bank jumped 9.1 per cent to Rs 620 apiece on the BSE on Thursday after global agency UBS upgraded the stock to 'Buy' from 'Sell'. From its recent low of Rs 338.2 (on closing basis), hit on May 22, 2020, the stock price of the lender has surged 68 per cent on the BSE till Wednesday, as against 27 per cent rise in the benchmark S&P BSE Sensex during the period, BSE data show. READ MORE

2:14 PM

Godfrey Phillips India in focus; shares advance over 14%

"We believe that GPIL’s efforts through its revival strategy, focusing on high growth RSFT/ DSFT segment; and by strengthening its partnership with Phillip Morris (Marlboro), are acting as the key growth engine for its distribution efforts in ITC dominated market i.e. South," wrote Shirish Pardeshi, an analyst with Centrum Broking in a co-authored note with Shubham Aggarwal. READ MORE 


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First Published: Aug 27 2020 | 7:41 AM IST