Sensex gains 227 pts, ends above 44K, Nifty settles at 12,938; M&M up 11%
All that happened in the markets today
 "BSE (Photo credit: Kamlesh Pednekar)")
BSE (Photo credit: Kamlesh Pednekar)
Continuing their northward movement, the benchmark indices gained another 0.5 per cent on Wednesday to settle at fresh closing peaks. The S&P BSE Sensex topped the 44,000-mark to end the day at 44,180 levels, up 227 points, or 0.52 per cent while NSE's Nifty closed the session at 12,938, up 64 points, or 0.5 per cent.
Larsen & Toubro (L&T), ICICI Bank, and Mahindra & Mahindra (M&M) were the top contributors to the Sensex's gain today while Infosys, TCS, and Hindustan Unilever (HUL) were the top drags.
India VIX slipped nearly 3 per cent to 19.26 levels.
Among sectoral indices on the NSE, Nifty PSU Bank index gained the most - up 3.57 per cent, followed by Nifty Auto (up 3 per cent to 8,687 levels). On the other hand, Nifty FMCG slipped over 1 per cent to 30,953 levels.
In the broader market, the S&P BSE MidCap index advanced over 1 per cent to 16,344 levels and the S&P BSE SmallCap index closed at 16,054, up 144 points, or 0.9 per cent.
Among sectoral indices on the NSE, Nifty PSU Bank index gained the most - up 3.57 per cent, followed by Nifty Auto (up 3 per cent to 8,687 levels). On the other hand, Nifty FMCG slipped over 1 per cent to 30,953 levels.
In the broader market, the S&P BSE MidCap index advanced over 1 per cent to 16,344 levels and the S&P BSE SmallCap index closed at 16,054, up 144 points, or 0.9 per cent.
Global markets
Global shares stepped back on Wednesday as soft US retail sales fuelled worries that rising coronavirus cases could hit a still fragile economic recovery, dampening the euphoria from vaccine trial breakthroughs.
US S&P500 futures shed 0.4 per cent, a day after the S&P500 index lost 0.48 per cent, while Europe’s Euro Stoxx 50 futures eased 0.3 per cent.
Japan’s Nikkei fell 1.1 per cent, bruised by news that new coronavirus cases in Tokyo hit a record high.
In commodities, oil prices edged higher on hopes for delay in OPEC+ supply increase.
(With inputs from Reuters)
3:43 PM
Nifty PSU Bank rallies around 3.6%
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 gained 227 points, or 0.52 per cent to settle at 44,180 levels while NSE's Nifty ended at 12,938, up 64 points, or 0.5 per cent.
3:28 PM
MARKET CHECK
3:16 PM![]()
Bajaj Finance nears record high; stock surges 44% in one month
Shares of Bajaj Finance moved higher by 4 per cent to Rs 4,678 on the BSE in intra-day trade on Wednesday, thereby surging 44 per cent in the past one month. The stock of the non-banking finance company (NBFC) was trading at its highest level since March 2020. It was 5 per cent away from its record high level of Rs 4,923, touched on February 20, 2020, in intra-day trade. READ MORE
3:07 PM![]()
Franklin Templeton MF's six shut schemes garner Rs 941 cr in fortnight
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2:57 PM
Top losers on the BSE at this hour
2:50 PM![]()
Trading tips :: Shyam Sekhar on investing
2:45 PM![]()
NEWS ALERT :: Mold-Tech Packaging to issue 5.5 million shares under rights issue
>> Shares are to be issued at a price of Rs 180 per Rights Equity Share (including a premium of Rs 175 per Rights Equity Share) along with 33,31,980 detachable warrant(s) for cash at a price of Rs 184 per warrant, for every 1 (one) Rights Equity Share allotted in the Issue to the eligible applicants.
2:38 PM
Auto stocks in fast lane
2:29 PM
BUZZING STOCK | SpiceJet jumps 11%
2:28 PM
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Stocks that hit record highs today
| COMPANY | LATEST | ALL TIME HIGH | PREV HIGH | PREV DATE | VOLUME |
|---|---|---|---|---|---|
| ADANI GAS | 339.80 | 351.00 | 293.80 | 17-NOV-2020 | 1653144 |
| ADANI GREEN | 1069.15 | 1098.00 | 1059.10 | 17-NOV-2020 | 255800 |
| ADANI TRANSMISSI | 391.45 | 407.70 | 372.90 | 17-NOV-2020 | 274231 |
| ASTRAL POLY TECH | 1463.05 | 1594.15 | 1547.70 | 17-NOV-2020 | 173396 |
| BALKRISHNA INDS | 1644.45 | 1664.00 | 1624.50 | 17-NOV-2020 | 24899 |
| ESCORTS | 1412.75 | 1438.05 | 1433.60 | 17-NOV-2020 | 20364 |
| HDFC BANK | 1412.15 | 1418.85 | 1415.00 | 11-NOV-2020 | 39471 |
2:19 PM![]()
Telecom to oil firms: Q2 results give no clear sign of broad revival
There are signs of revival in corporate performance during the July-September quarter of the financial year 2020-21 (Q2 FY21). Economic activity was led by rural performance, which was backed by agro-growth. A sample of 1,286 listed companies (with minimum sales of Rs 1 crore) that announced their financial performance for the quarter under review till November 10 shows improvement year-on-year (YoY), compared to the corresponding quarter of 2019. READ MORE
2:08 PM![]()
NEWS ALERT :: Vedanta puts in preliminary EoI for buying govt stake in BPCL, reports PTI
2:04 PM![]()
NEWS ALERT :: SC defers hearing in interest waiver case till Thursday
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First Published: Nov 18 2020 | 7:31 AM IST
