MARKET WRAP: Sensex up 292 pts, Nifty ends at 11,428; auto, metals rally
All that happened in markets today.
 "Brokers trade at their computer terminals at a stock brokerage firm in Mumbai (")
Buying in select blue-chip counters such as HDFC Bank, HUL, ITC and Maruti lifted benchmark indices on Tuesday. Positive global cues, too, boosted investor sentiment.
The S&P BSE Sensex rallied 292 points or 0.76 per cent to end at 38,506.09 levels while the NSE's Nifty50 index closed above the crucial 11,400-mark at 11,428.30, up 87 points or 0.77 per cent.
Out of 30 components of the Sensex, 24 ended in the green and 6 in the red. Vedanta (up 4 per cent) emerged as the biggest gainer on the index and Bharti Airtel was the top drag.
Market breadth was in favour of sellers as out of 2,657 companies traded on the BSE, 1,363 declined and 1,104 advanced while 190 scrips remained unchanged.
In the broader market, the S&P BSE MidCap index closed at 13,940.15 levels, up 99 points or 0.72 per cent while the S&P BSE SmallCap index ended at 12,773.61, down 14 points or 0.11 per cent.
Among the sectoral indices on the NSE, barring Nifty IT index, all the other indices ended in the green. Auto stocks advanced the most, followed by metal and private bank counters. The Nifty Auto index ended over 2 per cent higher at 7,688.25 levels.
Volatility index India VIX declined 3.67 per cent to 16.79 levels.
GLOBAL MARKETS
Asian stocks and the pound gained on Tuesday as investors held out hope that Britain still had a chance of avoiding a messy exit from the European Union at key negotiations this week. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1 per cent. Australian shares were up 0.17 per cent, while Japan's Nikkei stock index was up 1.86 per cent. The pan-region Euro Stoxx 50 futures STXEc1 rose 0.23 per cent, German DAX futures were 0.16 per cent higher, while FTSE futures were up 0.12 per cent.
In commodities, oil prices slipped. Brent crude fell 42 cents, or 0.71 per cent, to $58.93 a barrel, while US West Texas Intermediate (WTI) crude dropped 44 cents, or 0.82 per cent, to $53.15.
(With inputs from Reuters)
3:36 PM
Sectoral trends at NSE at close
3:35 PM
Top gainers and losers on S&P BSE Sensex at close
3:34 PM
Closing Bell
The S&P BSE SEnsex closes 292 points, or 0.76 per cent, higher at 38,506 level.
On NSE, the Nifty50 settled above 11,400-mark at 11,431, up 89 points or 0.79 per cent.
On NSE, the Nifty50 settled above 11,400-mark at 11,431, up 89 points or 0.79 per cent.
3:28 PM
NEWS ALERT | Star Cement buyback to open on Oct 22 and end on Nov 5: BSE filing
-- The Buyback Offer Size is 9.76% of the fully paid up equity share capital and free reserves of the Company based on Standalone accounts for the financial year ended March 31, 2019 and is within the statutory limits of 10% of the fully paid-up equity share capital and free reserves as per the last standalone audited accounts of the Company.
3:19 PM
NEWS ALERT | 22% equity of Bajaj Consumer exchanged on BSE: CNBC TV18
-- 3.2 cr shares traded in a block deal at Rs 194.05/ share
-- No single entity, other than promoters, hold more than 10% stake in Co
-- No single entity, other than promoters, hold more than 10% stake in Co
3:15 PM
Buzzing | Biocon gains over 2%
3:09 PM
Airtel CEO Gopal Vittal says current rates unsustainable, need to go up
Making a pitch higher tariffs, Bharti Airtel Chief Executive Officer Gopal Vittal on Tuesday said that the rates at the current level were “unsustainable” and should go up. Speaking on the interconnect usage charges (IUC) he said that the industry is awaiting the outcome on the consultation paper floated by the Telecom Regulatory Authority of India (TRAI) on the subject. READ MORE
3:00 PM
NEWS ALERT | Commerce Ministry to prepare strategy to promote exports at district level: sources to CNBC TV18
2:59 PM
NEWS ALERT | HCL Tech extends agreement for IT operations & transformation with Equinor for 7 years: BSE Filing
2:57 PM
NEWS ALERT | Sajjan Jindal releases shares in Group companies: BSE filing
-- Sajjan Jindal's releases 7.01 cr JSW Steel shares (2.90% equity) & 11.88 cr JSW Energy shares (7.24% equity)
Click here for shareholding pattern at the end of Q2
Click here for shareholding pattern at the end of Q2
2:49 PM
Market check | Sensex trades near day's high; gains over 400 pts intra-day
2:41 PM
Bajaj Consumer tanks 16% in two days post Q2 results, hits over 4-year low
Bajaj Consumer’s consolidated operational revenue during the quarter grew in single digits - 2.5 per cent at Rs 220 crore due to demand weakness. It had posted revenue of Rs 215 crore in the year-ago quarter. Net profit was up 11 per cent year on year (YoY) to Rs 56 crore, due to lower tax outgo. EBITDA (earnings before interest, tax, depreciation and amortisation) margin expanded around 20 basis points (bps) YoY to 28.6 per cent. READ MORE
2:24 PM
Asia Market Check
(Source: Bloomberg)
2:14 PM
NEWS ALERT | China confirms signing 'phase one' of trade deal with US: Agencies
2:05 PM
HUL gains 3% post steady Q2 nos; brokerages see over 12% upside in 12 mths
The FMCG bellwether on Monday reported a 21.2 per cent year-on-year (YoY) growth in net profit to Rs 1,848 crore for the July-September quarter (Q2) of FY20. Growth was aided by lower corporation tax, which came into effect last month. Volume growth, however, for Q2 remained the same as reported in the June quarter, coming in at 5 per cent, though some analysts said it was ahead of their estimates of 4 per cent for the period. READ MORE
Topics : Markets MARKET WRAP
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First Published: Oct 15 2019 | 7:24 AM IST