MARKET WRAP: IT stocks, HDFC Bank, RIL help Sensex settle 329 pts higher
All that happened in the markets today
 "Brokers trade at their computer terminals at a stock brokerage firm in Mumbai (")
NSE's Nifty rallied 94 points or 0.91 per cent to end at 10,383.
Rally in information technology (IT) stocks, HDFC Bank, and Reliance Industries (RIL) helped the benchmark index, S&P BSE Sensex, settle with 329 points or 0.94 per cent gains at 35,171 levels on Friday.
NSE's Nifty rallied 94 points or 0.91 per cent to end at 10,383. Volatility index, India VIX, dropped over 4 per cent to 28.50 levels.
IT stocks advanced in the trade after Accenture posted a better-than-expected quarterly numbers. The S&P BSE Information Technology index jumped over 5 per cent to end at 15,125 levels. Among individual stocks, Infosys gained 7 per cent, TCS rose 5 per cent while Wipro ended over 3 per cent higher. READ MORE
On a weekly basis, Sensex gained 1.26 per cent while Nifty added 1.35 per cent.
The broader indices underperformed the benchmarks. The S&P BSE MidCap index ended 0.27 per cent higher at 13,258.44 levels while the S&P BSE SmallCap rose 0.19 per cent to 12,630 points.
Global markets
Markets showed signs of optimism on Friday, with European shares opening higher and oil prices rising despite a record number of new COVID-19 infections in the United States.
The MSCI world equity index, which tracks shares in 49 countries, was up 0.3%, extending gains from late on Thursday.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5 per cent, for a weekly gain of around 0.7 per cent. Japan's Nikkei rose 1.3 per cent to sit 0.4 per cent higher for the week.
In commodities, gold prices edged higher and were headed for a third weekly gain on worries about rising coronavirus infections worldwide, although a firm dollar and a gain in equities blunted safe-haven demand.
Oil prices also rose, extending gains on optimism about a recovery in fuel demand worldwide.
(With inputs from Reuters)
4:24 PM
MARKET COMMENT:: Vinod Nair, Head of Research at Geojit Financial Services
"Amidst stable global cues, Indian benchmark indices also ended with a positive bias. The FMCG index which was the top gainer yesterday was the worst performer in today's trade. Nifty remains in a range and seems to be awaiting further cues for a breakout on either side. The close today means the uptrend remains, but upsides seem to be capped."
3:44 PM
SECTOR WATCH:: Nifty IT index rallies over 4%
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 329 points or 0.94 per cent to end at 35,171 while NSE's Nifty settled at 10,383, up 94 points or 0.91 per cent.
3:23 PM
MARKET UPDATE:: Adani Green hits 5% lower circuit
3:16 PM
MARKET UPDATE
- Infosys regains the tag of the fifth most valued listed company as stock rallies 7 per cent.
- With market-cap of Rs 318,882 crore, Infosys surpasses Housing Development Finance Corporation (HDFC) and Bharti Airtel.
3:15 PM
NEWS UPDATE:: Top 5 gainers on the BSE at this hour
3:03 PM
NEWS ALERT :: Board discussed about the overall macroeconomic conditions – both domestic and global, says RBI
3:01 PM
» More on 52 Week High
Stocks that hit 52-week high on BSE today
| COMPANY | PRICE(rs) | 52 WK HIGH | CHG(%) |
|---|---|---|---|
| BIOCON | 402.10 | 410.35 | -0.52 |
| COROMANDEL INTER | 759.35 | 768.15 | 1.00 |
| GUJARAT GAS | 308.85 | 319.40 | 0.06 |
| I O B | 13.18 | 13.18 | 9.92 |
| OMAXE | 220.30 | 220.60 | 0.96 |
2:56 PM
MARCH QUARTER EARNINGS | Century Ply's net profit slips 32.1% YoY to Rs 37 crore
-- Revenue dips 10.5% YoY to Rs 530.2 crore
-- Ebitda down 15.4% at Rs 67.5 crore
-- Ebitda margin comes in at 12.7%, down 80 bps
-- Ebitda down 15.4% at Rs 67.5 crore
-- Ebitda margin comes in at 12.7%, down 80 bps
Topics : Coronavirus Markets ITC Ltd Coal India Glenmark Pharma Ashok Leyland RBI board meet MARKET WRAP
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First Published: Jun 26 2020 | 7:33 AM IST