Bull run continues; Sensex up 316 pts to end at 43,594, Nifty nears 12,750
All that happened in the markets today.
 "Markets")
The Nifty50 index, on the other hand, ended at 12,749, up 118 points, or 0.93 per cent.
The domestic equity market ended at yet another record peak on Wednesday amid broad-based buying, thus settling in the green for the eighth session in a row.
The S&P BSE Sensex rallied 316 points, or 0.73 per cent to settle at 43,594 levels. During the session, the index hit an intra-day high and low of 43,708 and 42,970 levels, respectively. The Nifty50 index, on the other hand, ended at 12,749, up 118 points, or 0.93 per cent. India VIX today gained over 2 per cent to 22 levels.
Infosys, HDFC, Axis Bank, and ITC were the major contributors to the Sensex's gain today while Reliance Industries (RIL) emerged as the biggest drag.
In the broader market, the S&P BSE SmallCap index gained 0.34 per cent to end at 15,283 levels while the S&P BSE MidCap index rallied 0.77 per cent to 15,663 levels.
Sectorally, barring Nifty PSU Bank and Nifty Media, all other indices advanced. Nifty Pharma ended at 11,570, up 400 points, or 3.59 per cent.
Global stocks
Infosys, HDFC, Axis Bank, and ITC were the major contributors to the Sensex's gain today while Reliance Industries (RIL) emerged as the biggest drag.
In the broader market, the S&P BSE SmallCap index gained 0.34 per cent to end at 15,283 levels while the S&P BSE MidCap index rallied 0.77 per cent to 15,663 levels.
Sectorally, barring Nifty PSU Bank and Nifty Media, all other indices advanced. Nifty Pharma ended at 11,570, up 400 points, or 3.59 per cent.
Global stocks
Stocks gained and bonds dropped on Wednesday as news of a working COVID-19 vaccine outweighed worries over surging infections, fuelling rotation towards cut-price losers from the coronavirus pandemic such as travel stocks.
The broad Euro STOXX 600 climbed 0.4 per cent, adding to a 5 per cent rally this week and adding to 0.1 per cent gains for Asia-Pacific shares outside Japan. Wall Street futures gauges also climbed, with S&P 500 futures up 0.3 per cent.
In commodities, oil prices climbed as hopes of an effective Covid-19 vaccine continued to bolster sentiment, while an industry report showed US crude inventories fell more than expected.
(With inputs from Reuters)
3:43 PM
SECTOR WATCH | Nifty Pharma rallies 3.6%
3:42 PM
MARKET AT CLOSE | Gainers and losers on the BSE Sensex
3:28 PM
MARKET CHECK
3:19 PM
NEWS ALERT | Cabinet approves Rs 2 lakh crore PLI Scheme for 10 manufacturing sectors.
>> PLI stands for Production-Linked Incentive
3:13 PM
HIL surges 10%, hits 52-week high on strong September quarter numbers
Shares of HIL moved higher by 10 per cent to Rs 1,975, also its 52-week high on the BSE on Wednesday after the company reported 63 per cent year-on-year (YoY) jump in its consolidated net profit at Rs 49 crore in September quarter (Q2FY21), on the back of the healthy volume and operational performance. The cement and cement products maker had a profit of Rs 30 crore in the year-ago quarter. READ MORE
2:59 PM
India, China agree on a three-step disengagement plan from Pangong Tso
In a major development, the ongoing India-China border conflict may be resolved soon as the armies of the two countries have agreed for disengagement from parts of the Eastern Ladakh sector under which they would be moving back to their respective positions before April-May timeframe earlier this year. READ MORE
2:50 PM
Torrent Pharma advances 5%
2:49 PM
» More on 52 Week High
Stocks that hit 52-week high on BSE today
| COMPANY | PRICE(rs) | 52 WK HIGH | CHG(%) |
|---|---|---|---|
| AMARA RAJA BATT. | 820.90 | 837.70 | -1.45 |
| BALKRISHNA INDS | 1525.35 | 1574.15 | 3.47 |
| ESCORTS | 1352.80 | 1370.00 | 1.27 |
| HDFC BANK | 1395.30 | 1415.00 | 0.12 |
| JSW STEEL | 341.20 | 342.70 | 1.93 |
2:45 PM
NEWS ALERT :: Union Minister Prakash Javdekar to brief media on Cabinet decisions at 3:00 PM today
>> Finance Minister Nirmala Sitharaman expected to be present too
2:34 PM
BUZZING STOCK:: ITC at day's high
2:34 PM
IPO ALERT :: Gland Pharma IPO subscribed 1.6x till 2:15 pm on Day 3
2:28 PM
Steel stocks in focus; Tata Steel, SAIL rally 5% on healthy outlook
Shares of steel companies were in focus on Wednesday with Tata Steel and Steel Authority of India (SAIL) rallying 5 per cent on the BSE in the intra-day deals in an otherwise range-bound market on expectation of steady domestic steel production and consumption going forward. At 01:45 pm, the S&P BSE Metal index was up 2.3 per cent as compared to a 0.09 per cent decline in the S&P BSE Sensex. Hindustan Zinc, Hindalco Industries, JSW Steel, Vedanta and Jindal Steel and Power (JSPL) were up in the range of 1 per cent to 3 per cent. READ MORE
2:20 PM
Bank of Baroda announces reduction in MCLR by 0.05% across all tenors
State-owned Bank of Baroda on Wednesday announced reduction in the marginal cost of funds based lending rate by 0.05 per cent across all tenors. "The bank has revised marginal cost of funds based lending rate (MCLR) with effect from November 12, 2020," Bank of Baroda said in a regulatory filing. The one-year tenor -- which is the benchmark for all consumer loans such as auto, retail, housing -- has been reduced to 7.45 per cent from 7.5 per cent. READ MORE
2:20 PM
BSE Midcap index trades 0.5% higher
2:09 PM
Rupee Closing
Rupee ends weaker at 74.31 per US dollar vs Tuesday's close of 74.18/$
Topics : Markets NMDC Tata Power Indiabulls Housing Finance Aurobindo Pharma Coal India Adani Green Energy YES Bank IPCA Laboratories MARKET WRAP
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First Published: Nov 11 2020 | 7:50 AM IST
