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Fag-end buying in IT, banks lifts Sensex 831 pts at 60,138, Nifty at 17,930

The broader markets also logged strong gains, with the Midcap index up 1.8 per cent and the Smallcap index adding up 1.1 per cent

MARKET LIVE | Q2 results | IRCTC

SI Reporter  |  New Delhi 

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The reversed its 3-day losing streak led by renewed buying interest in IT and select financial shares. The BSE Sensex reclaimed the 60,000-mark, and surged to a high of 60,220, before settling with a gain of 831 points at 60,138.

The NSE Nifty touched a high of 17,954, and ended 258 points higher at 17,930. India VIX was down 1.4 per cent at 17.18.

The broader also logged strong gains. The BSE Midcap index surged 1.8 per cent, while the Smallcap index moved up 1.1 per cent. Among sectors, the BSE Realty index soared 3.7 per cent, while the Telecom and Metal indices surged around 3.5 per cent each. The IT index was up 2.3 per cent, and the Bankex jumped 1.8 per cent.

Market Dashboard: Snapshot of key movers and shakers in trade today

The overall market breadth was also fairly positive, with 2,171 advancing shares versus 1,137 declining stocks on the BSE.

Among the Sensex 30 pack, InduInd Bank zoomed 7.5 per cent to Rs 1,225. Bharti Airtel finished with a solid gain of 4 per cent a day ahead of its . HCL Technologies, Tata Steel, Tech Mahindra , Dr.Reddy's, SBI, Kotak Bank and TCS were the other major gainers.

Private home finance major HDFC ended with a gain of 1.7 per cent at Rs 2,893, while the company reported 31.7 per cent jump in Q2 net at Rs 3,780.5 crore for the quarter ended September 2021 as against Rs 2,870.1 crore in a year ago period.

Bajaj Finserv and Mahindra & Mahindra were the prominent losers, down around 1.5 per cent each.

In the broader SAIL surged 9 per cent to Rs 125 on the back of record quarterly profit.

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Meanwhile, Nykaa IPO was subscribed 33.75x on the last day of subscription today. Fino Payments Bank was subscribed 40 per cent a day ahead of its closure.

Among the IPOs that opened today, Sigachi was subscribed 4.39x, PB Fintech (Policy Bazaar) was subscribed 19 per cent and S J S Enterprises received 8 per cent susbcription as per data from NSE website at 15:30 hrs.
Markets at 02:30 PM

LIVE market updates:
The key benchmark indices scaled to fresh day's high on the back of renewed buying interest following the recent correction. The BSE Sensex has reclaimed the 60,000-mark, and was up 829 points at 60,136. The NSE Nifty has rallied 259 points to 17,931.

IndusInd Bank was up nearly 8 per cent at Rs 1,228. Bharti Airtel had surged nearly 4 per cent to Rs 712 a day ahead of its tomorrw. The Sunil Mittal-led company is expected to post an impressive sequential growth in net profit for July-September quarter (Q2FY22) on the back of steady subscriber base and tariff hike in select pre- and post-paid plans, say analysts. READ MORE

Tata Steel, HCL Technoglogies, Dr.Reddy's, Tech Mahindra and Kotak Bank were the other major gainers, while Bjaj Finserv was the sole stock among Sensex 30 to decline over a per cent.

Among sectors, the BSE Realty index despite paring substantial gains, was still the top gainer, up 3 per cent at 4,107, as against the day's high of 4,192. Sobha Developers, Oberoi Realty, Godrej Properties and Indiabulls Realestate were the major gainers, up 4-7 per cent each on hopes of positive outlook for the sector. READ MORE

In the broader markets, RPG Life Sciences, KP Energy, Precision Wires, Alkali Metals and LG Balakrishnan had zoomed over 10 per cent each. Minda Corp, JKumar Infraprojects, Nirlon and SAIL were the other major gainers.

On the flip side, Chemfab Alkalies, SH Kelkar & Company, Alphageo (India), Rossari Biotech, Manappuram Finance, Tarapur Transformers and Amber Enterprises were the prominent losers.
Markets at Lunch (01:30 PM)

LIVE market updates: The key benchmark indices have once again firmed-up on the back of fresh buying in select IT and financial stocks. The BSE Sensex was up 407 points at 59,714, and the NSE Nifty had added 145 points to 17,817.

IndusInd Bank had rallied over 7 per cent to Rs 1,223 and was the top performed in the Sensex-30 space. Bharti Airtel, HCL Technologies, Dr.Reddy's, Tata Steel, UltraTech Cement and Tech Mahindra had gained 2-3 per cent each.

Whereas, Bajaj Finserv and Mahindra & Mahindra had declined 2.5 per cent each. Hindustan Unilver, Reliance Industries and ICICI Bank were the other notable losers.

The broader indices are also trading continue to trade with a posiFrontline indices are exhibiting a range-bound movement amid across-the-board buying. Further, healthy global cues, and a pick-up in manufcturing activity back home has given ammunition to the market buls on Monday.

Elsewhere in Asia, Japan's Nikkei surged 2.6 per cent to a one-month high after exit polls indicated that Prime Minister Fumio Kishida's Liberal Democratic Party may have fared better than expected. Straits Times and the S&P/ASX 200 were up around 0.7 per cent each. The Taiwan Weighted index advanced 0.5 per cent, while the Kospi added 0.3 per cent. On the flip side, Hang Seng was down a per cent, and Shanghai Composite also ended wee bit in red, down 0.1 per cent.
Markets at 12:30 PM

LIVE market updates: Frontline indices are exhibiting a range-bound movement amid across-the-board buying. Further, healthy global cues, and a pick-up in manufcturing activity back home has given ammunition to the market bulls on Dalal Street on Monday.

At 12:15 PM, the BSE Sensex was at 59,648 levels, up 341 points, while the was at 17,792 level, up 120 points. While this was about 0.56 per cent and 0.7 per cent gain, respectively, for the benchmarks, the broader BSE MidCap and SmallCap indices were up 1 per cent and 0.7 per cent, respectively.

Among individual stocks, shares of Ashok Leyland rose 2 per cent after the company reported 13 per cent growth in domestic sales for October. READ HERE

Those of Maruti Suzuki, on the other hand, came off highs after the company's total October sales declined from 1.8 lakh units last year to 1.3 lakh units this year. READ HERE

Meanwhile, in the primary market, Sigachi Industries' IPO sailed through on Day 1 with over 3.5x subscription; SJS Enterprises (19 per cent); Policybazaar (20 per cent); Fino Payments Bank (72 per cent); Nykaa (11x).

Asian market close: Japan's Nikkei ended 2.6 per cent higher today while South Korea's Kospi and Australia's ASX200 gained 0.3 per cent and 0.6 per cent, respectively.

Markets at 11 AM

LIVE market updates: Profit booking in select index heavyweights such as Bajaj twins, Reliance Industries, and HUL is keeping index gains in check. The BSE Sensex index is now up 185 points at 59,492 levels while the is at 17,741, up 70 points.



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First Published: Mon, November 01 2021. 08:03 IST