MARKET WRAP: Indices end flat, Sensex settles 32 pts higher; IT stocks gain
All that happened in the markets today
 "BSE, Markets")
Photo: Kamlesh Pednekar
The Indian markets ended flat with a positive bias on Tuesday. Among headline indices, the S&P BSE Sensex ended at 40,626 levels, up 32 points, and the Nifty50 index settled at 11,934.5 levels, up 3.5 points, or 0.03 per cent. The volatility index, India VIX, dropped over 2 per cent to 20.63 levels.
The trend among Nifty sectoral indices was largely negative. Barring Nifty IT and Nifty Metal, all the other indices ended in the red.
Global markets
European shares fell on Tuesday as worries over the coronavirus pandemic overshadowed Chinese trade data that pointed to a buoyant recovery, while the US dollar edged away from a three-week low.
Chinese blue-chip shares also gained 0.3 per cent after dipping early in the day. The MSCI world equity index, which tracks shares in nearly 50 countries, fell 0.1 per cent.
In commodities, oil prices rebounded, drawing support from robust China data although concerns about waning demand elsewhere and supply resumptions in Norway, the Gulf of Mexico and Libya weighed.
(With inputs from Reuters)
3:44 PM
SECTOR WATCH | Nifty IT rallies 1.3% higher
3:43 PM
MARKET AT CLOSE | Gainers and losers on the S&P BSE Sensex
3:36 PM
CLOSING BELL
The S&P BSE Sensex settled 32 points, or 0.08 per cent higher at 40,626 levels while the NSE's Nifty ended at 11,935, up 3.5 points, or 0.03 per cent.
3:30 PM
MARKET CHECK
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INDEX LOSERS | Titan Co falls over 2%
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Infosys m-cap nears Rs 5-trillion ahead of September quarter results
Shares of Infosys hit a fresh record high of Rs 1,164.70, up 3 per cent on the BSE on Tuesday, on expectation that the company may raise its FY21 revenue growth guidance while announcing its July-September quarter (Q2FY21) results tomorrow. The information technology (IT) bellwether is set to become the fifth company to touch market capitalisation of Rs 5-trillion. READ MORE
3:04 PM
Infosys Q2 preview: Large deal wins to drive revenue growth, say analysts
Like its peer Tata Consultancy Services (TCS), Infosys, too, is expected to report a strong set of numbers for the quarter ended September 30 of the current fiscal year (Q2FY21), mainly led by the ramp-up of large deal wins. According to Edelweiss Securities, Infosys, being a market leader, will be the key beneficiary of core transformation, higher cloud adoption, and digital adoption. READ MORE
2:55 PM
Index contributors at this hour
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Vodafone Idea strikes big data deal with IBM to enhance customer experience
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As VI's (formerly Vodafone Idea) strategic technology partner, IBM is leading the end-to-end implementation and management of the platform. READ MORE
2:44 PM
BUZZING STOCK:: RIL at day's high, up over 1%
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NEWS ALERT :: Solar Industries bags order worth Rs 410 cr
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Stimulus 2.0 to push fiscal deficit to 9.5 per cent of GDP: SBI report
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2:14 PM
Kopran hits 52-week high after Crisil upgrades rating outlook to 'Positive'
The stock of the pharmaceutical company was trading at its 52-week high level. In the past one month, it has rallied 39 per cent as compared to 4.4 per cent gain in the S&P BSE Sensex. Meanwhile, in the past three months, the stock has zoomed 157 per cent, as against 10.6 per cent rise in the benchmark index. READ MORE
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First Published: Oct 13 2020 | 7:36 AM IST
