RIL, IT stocks help Sensex settle 195 pts higher; Nifty ends above 12,900
All that happened in the markets today
 "BSE-1")
Volatility index, India VIX, gained over 6 per cent to 20.8 levels.
The benchmark indices ended around 0.5 per cent higher on Monday amid buying in Reliance Industries (RIL), and information technology counters such as Infosys, and Tata Consultancy Services (TCS).
The S&P BSE Sensex gained 195 points, or 0.44 per cent to settle at 44,077 levels while NSE's Nifty ended above 12,900 level at 12,926, up 67 points, or 0.52 per cent. During the day, the index hit a record high of 12,969 levels.
Volatility index, India VIX, gained over 6 per cent to 20.8 levels.
The broader market outperformed the headline indices. The S&P BSE MidCap index gained 1.25 per cent to 16,642 levels while the S&P BSE SmallCap index settled at 16,405, up 1.37 per cent.
Among sectoral indices, Nifty IT gained the most - up nearly 3 per cent to 22,007 levels. Nifty Bank, on the other hand, slipped 0.72 per cent to 29,024 levels while Nifty Financial Service index fell over 1 per cent to 14,059 levels.
Volatility index, India VIX, gained over 6 per cent to 20.8 levels.
The broader market outperformed the headline indices. The S&P BSE MidCap index gained 1.25 per cent to 16,642 levels while the S&P BSE SmallCap index settled at 16,405, up 1.37 per cent.
Among sectoral indices, Nifty IT gained the most - up nearly 3 per cent to 22,007 levels. Nifty Bank, on the other hand, slipped 0.72 per cent to 29,024 levels while Nifty Financial Service index fell over 1 per cent to 14,059 levels.
Global markets
Shares and oil prices rose on Monday while the dollar fell as investors pinned hopes for economic revival on coronavirus vaccines, even as the world contended with surging case numbers and delays to fresh US stimulus.
The STOXX index of Europe’s 600 largest shares rose 0.5 per cent to its highest since February after AstraZeneca become the latest major drugmaker to say its vaccine for the virus could be around 90 per cent effective.
In commodities, oil prices rose more than 1 per cent, extending last week’s gains as traders eyed a recovery in demand due to successful coronavirus vaccine trials.
(With inputs from Reuters)
3:43 PM
MARKET AT CLOSE | Nifty IT gains nearly 3%
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 rallied 195 points, or 0.44 per cent higher to 44,077 levels while NSE's Nifty ended at 12,926, up 67 points, or 0.52 per cent.
3:29 PM
MARKET CHECK
3:22 PM
Infosys gains 4%, nears record high amid report Co may win Daimler deal
Shares of Infosys moved higher by 4 per cent to Rs 1,144 on the BSE in intra-day trade on Monday amid a report that the company has emerged as the front runner for a multi-year, $1.3 billion deal from Daimler. The deal involves transferring of 500-600 Daimler employees to the information technology (IT) firm and is focused on infrastructure management services, networks, and data centres, The Times of India reported. READ MORE
3:07 PM
» More on Top Gainers
Top gainers on BSE at this hour
| COMPANY | PRICE(rs) | CHG(%) |
|---|---|---|
| EQUITAS HOLDINGS | 63.40 | 19.96 |
| I D F C | 40.10 | 19.88 |
| UJJIVAN SMALL | 40.40 | 19.88 |
| UJJIVAN FIN.SER. | 292.80 | 17.68 |
| J & K BANK | 23.91 | 16.52 |
3:01 PM
Tata, Birla, Bajaj, and Piramal Group may lead race for bank licence
Top Indian conglomerates led by Tata, Birla, Piramal, and Bajaj will seek a banking licence provided the norms for conversion of non-banking finance companies (NBFCs) are made easier and comprehensive regulation does not apply to rest of the group firms, sources said. READ MORE
2:55 PM
BUZZING STOCK:: ONGC surges 8%
2:55 PM
Investing tips by Shyam Sekhar
2:50 PM
NEWS ALERT :: Eurozone economy in 'steep downturn', reports AFP quoting key survey
Topics : Markets Sensex Nifty SGX Nifty stock market RBI RIL MARKET WRAP
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First Published: Nov 23 2020 | 7:42 AM IST