Sensex ends volatile session 182 points higher; PSU bank stocks surge
All that happened in the markets today
 "BSE-1")
The Nifty PSU Bank index surged over 7 per cent to 1,858 levels with all the 12 constituents advancing.
The benchmark indices ended Tuesday's volatile session on a positive note amid buying in counters such as Reliance Industries (RIL), TCS, Infosys, and UltraTech Cement.
The S&P BSE Sensex gained 182 points, or 0.4 per cent to settle at a fresh closing peak of 45,609 levels while NSE's Nifty, too, ended at a record closing peak of 13,393, up 37 points, or 0.28 per cent. During the day, the index breached 13,400 level to hit a high of 13,435.45 points.
Volatility index, India VIX, rose over 3 per cent to 18.6 levels.
Volatility index, India VIX, rose over 3 per cent to 18.6 levels.
On the sectoral front, PSU bank stocks rallied the most. The Nifty PSU Bank index surged over 7 per cent to 1,858 levels with all the 12 constituents advancing.
In the broader market, the S&P BSE MidCap index slipped 0.16 per cent to 17,525 levels and the S&P BSE SmallCap index settled at 17,492, down 51 points, or 0.29 per cent.
In the broader market, the S&P BSE MidCap index slipped 0.16 per cent to 17,525 levels and the S&P BSE SmallCap index settled at 17,492, down 51 points, or 0.29 per cent.
Global markets
Asian stocks came under pressure on Tuesday as investors struggled to balance hopes for more economic stimulus and vaccines with fresh concerns about a surge in Covid-19 infections.
In Europe, shares were little changed as hopes of a Brexit trade deal faded amid a last-ditch attempt to find a solution, while rising coronavirus cases spurred talks of stricter curbs that could cause more economic pain.
In commodities, oil prices fell as California tightened its pandemic lockdown through Christmas and coronavirus cases continued to surge in the United States and Europe.
(With inputs from Reuters)
4:13 PM
MARKET COMMENT | Vinod Nair, Head of Research at Geojit Financial Services
"Since November, PSU banks have been outperforming the market and this rally continued and took Indian benchmark indices to new highs in today’s volatile session. Reports of emergency vaccine rollout in India and hopes of a stimulus package in the US and Japan have also helped in keeping the momentum intact. European stocks are experiencing negative waves due to fading hopes of Brexit trade talks and an increasing number of covid cases. Although the markets are at an all-time high, the expected updates on vaccine rollouts and stimulus packages have the potential to take markets further."
3:43 PM
Nifty PSU Bank index zooms over 7%
3:42 PM
MARKET AT CLOSE | Gainers and losers on the S&P BSE Sensex
3:36 PM
CLOSING BELL
The S&P BSE Sensex ended 182 points, or 0.4 per cent higher at 45,608.51 levels while NSE's Nifty settled at 13,393, up 37 points, or 0.28 per cent.
3:28 PM
MARKET CHECK
3:17 PM
MARKET UPDATE | India VIX up over 4% to 18.7 levels
3:08 PM
Godrej Properties hits record high after it buys land parcel in Bengaluru
"The company has entered into an outright transaction to purchase a well located land parcel in Whitefield, Bengaluru. Spread across approximately 18 acres, this project will offer 0.22 million square meters (2.4 million square feet) of saleable area comprising primarily of residential apartments of various configurations," Godrej Properties said in a press release. READ HERE
3:00 PM
Index contributors at this hour
2:56 PM
Sun Pharma slips 2%
2:54 PM
» More on 52 Week High
Stocks that hit 52-week high on BSE today
| COMPANY | PRICE(rs) | 52 WK HIGH | CHG(%) |
|---|---|---|---|
| AARTI INDUSTRIES | 1257.40 | 1286.40 | 0.72 |
| ADANI PORTS | 462.20 | 475.15 | -1.96 |
| AEGIS LOGISTICS | 267.65 | 275.50 | 0.39 |
| APL APOLLO TUBES | 3696.45 | 3945.00 | -4.07 |
| ASIAN PAINTS | 2434.05 | 2483.80 | -1.58 |
2:47 PM
» More on Top Gainers
Top gainers on BSE at this hour
| COMPANY | PRICE(rs) | CHG(%) |
|---|---|---|
| WOCKHARDT | 486.55 | 9.99 |
| OMAXE | 90.45 | 9.97 |
| CANARA BANK | 128.25 | 9.10 |
| INDIAN BANK | 80.80 | 8.97 |
| PUNJAB NATL.BANK | 39.00 | 8.94 |
2:41 PM
Interest Waiver Case :: Moratorium as now should not be disturbed as it comes with a cost which is payment of interest to depositors, says SG Mehta
>> Another circular was issued by RBI on September 7. This circular of RBI took into the Kamath committee recommendation. This had inputs from the Fin Min
>> This is not under challenge here.
>> If we waive off the interest. There is a cost associated with it. Either banks take it or govt. Neither Govt nor depositors can take it.
>> If we waive off the interest. There is a cost associated with it. Either banks take it or govt. Neither Govt nor depositors can take it.
2:30 PM
PSU stocks trade in the red; Cochin Shipyard, BEL dip up to 2.5%
2:25 PM
COMMENT | N S Venkatesh, Chief Executive, AMFI, on November MF data
"Accommodative credit policy stance, continuous global liquidity flows, coupled with improved economic sentiment driven by healthier corporate earnings and positive GDP growth forecast has led to Indian Mutual Fund Industry AUMs crossing historic highs and touching highest-ever Rs 30 lakh crore landmark. Investors are aligning their allocation in debt schemes more towards duration schemes and corporate bond funds to maximise their debt returns, and on the other hand, booking their profits in equity funds owing to a surge in equity valuations. It is also significant to note that there has been a healthy addition of 3.39 lakh SIP accounts."
2:21 PM
Nifty PSU Bank index up 5%; PNB, Canara Bank, Indian Bank rally 9%
Bank of India, Bank of Baroda, Union Bank of India and Central Bank of India were up in the range of 3 per cent to 6 per cent, while Uco Bank, Indian Overseas Bank and State Bank of India (SBI) gained between 1 per cent and 2 per cent on the NSE. READ MORE
Topics : Markets Jet Airways Sensex Nifty 50 BSE NSE SGX Nifty MARKET WRAP
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First Published: Dec 08 2020 | 7:45 AM IST
