MARKET WRAP: Sensex surges 164 pts, Nifty ends at 11,003; banks, autos gain
All that happened in markets today.
 "BSE Sensex")
Extending their gains for the second straight day, equity benchmark indices ended in the positive territory on Monday led by buying in counters such as HDFC, Larsen & Toubro (L&T), ICICI Bank, Maruti and Bajaj Finance.
The S&P BSE Sensex added 164 points or 0.44 per cent to settle at 37,145.45, with YES Bank (up over 4 per cent) being the top gainer and HCL Tech (down 1.50 per cent) the worst performer.
On NSE, the Nifty50 index reclaimed the crucial 11,000 level to settle at 11,003.05, up 57 points or 0.52 per cent. Out of 50 constituents, 35 advanced while 15 declined.
Volatility index India VIX slipped around 3 per cent to settle at 15.79.
Market breadth was in favour of the bulls as out of 2,719 stocks traded on the BSE, 1,602 advanced, 935 declined while 182 remained unchanged.
In the broader market, the S&P MidCap index surged 130 points, or 0.97 per cent, to 13,495 levels, and the S&P BSE SmallCap ended at 12,709.96, up 115 points or 0.92 per cent.
On the sectoral front, all the indices on NSE, except Nifty IT index ended in the red. PSU bank stocks gained the most, followed by private bank and auto counters. The Nifty PSU Bank index gained 1.61 per cent to settle at 2,419.70.
GLOBAL STOCKS
Global stock markets gained on Monday as investors pinned their hopes on stimulus that’s expected from the world’s central banks to support slowing growth. European markets opened higher after data showed a surprise rise in German exports and on expectations of stimulus by the European Central Bank later this week. MSCI’s All Country World Index, which tracks shares across 47 countries, was up 0.05 per cent.
In Asian markets, China's blue-chip CSI300 index was up 0.6 per cent at 3,972.95, while the Shanghai Composite Index added 0.8 per cent to 3,024.74 points. Chinese yuan softened after Beijing’s latest stimulus package.
(With inputs from Reuters)
3:55 PM
Top contributors to Sensex's gain on Monday
3:55 PM
ALERT :: Market holiday
Markets will remain closed on Tuesday, September 10, on account of Moharram
3:52 PM
PSU banks gained ground in trade today
(Index level and % change; Image source: NSE)
3:50 PM
Mid-and small-caps outperform
3:49 PM
Key indices on BSE
3:48 PM
Sensex heat map
3:43 PM
CLOSING BELL
The S&P BSE Sensex rallied 164 points or 0.44 per cent to settle at 37,145.45, while NSE's Nifty50 index ended at 11,003, up 57 points or 0.52 per cent.
3:20 PM
MARKET CHECK | Top gainers on the BSE at this hour
3:04 PM
August Mutual Fund data
-- Total net equity inflows up 12.3% on a MoM basis at Rs 9,090 cr vs Rs 8,092 cr
2:59 PM
NEWS ALERT | Skipper bags order worth Rs 524 cr from Power Grid
2:58 PM
ICRA Comments on Monthly Auto Sales (Passenger Vehicles)
"Domestic PV Wholesale dispatches declined by 30%+ for the second consecutive month, in the backdrop of subdued consumer sentiments and tighter financing environment. Deferment in purchases by consumers in anticipation of GST revision and steep discounting ahead of BS-VI rollout further dented demand. The government has taken various initiatives to ease liquidity crunch, though it will be unlikely to provide any immediate respite to the industry," says Ashish Modani, Vice President & Co-Head, Corporate Ratings, ICRA.
2:44 PM
NEWS ALERT | Bajaj Housing Finance reduces home loan rates to 8.6% from 8.8%
-- For loans up to Rs 30 lakh
2:39 PM
NEWS ALERT | Gujarat Metro Rail Corp revives contract with IL&FS Engg: BSE filing
-- Contract revived for construction work in Ahmedabad Metro Project- Phase I
-- Revived without changes in financial terms of original contract
-- IL&FS to complete project within 15 months
Alert: GMRC had terminated contract on Jan 19, 2019
-- Revived without changes in financial terms of original contract
-- IL&FS to complete project within 15 months
Alert: GMRC had terminated contract on Jan 19, 2019
2:35 PM
Mitsubishi gets CCI nod to increase TVS Automobile Solutions stake to 25%
The Competition Commission of India (CCI) on Monday said it has given nod to Japan-based Mitsubishi Corporation for increasing stake in TVS Automobile Solutions to 25 per cent.
The CCI in a tweet said it "approves increase in shareholding of Mitsubishi Corporation in TVS Automobile Solutions Private Limited from 3.26 per cent to 25 per cent". READ MORE
2:24 PM
NEWS ALERT | Kopran board to consider and approve early redemption of 5.5 mn unlisted preference shares at face value of Rs 10 each on Sept 11: BSE filing
Topics : Markets MARKET WRAP
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First Published: Sep 09 2019 | 7:09 AM IST