MARKET WRAP: Sensex up 247 pts, Nifty holds 11,300; IT, metal stocks shine
All that happened in markets today.
 "Markets, Up, Down, BSE, NSE, Stocks")
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Some brisk buying in industry heavyweights such as Infosys, HDFC, ICICI Bank, Hindustan Unilever (HUL), and Bharti Airtel helped benchmark indices settle with decent gains on Friday. Additionally, positive global cues, too, boosted investor sentiment.
The S&P BSE Sensex added 247 points or 0.65 per cent to end at 38,127.08 levels, with Infosys (up 4 per cent) being the top gainer and YES Bank (down over 3 per cent) the biggest loser. During the session, the index hit a high and low of 38,345.41 and 37,737.85, respectively.
In the broader market, the S&P BSE MidCap index ended at 13,780.99 levels, up 33 points or 0.24 per cent and the S&P BSE SmallCap gained 49 points or 0.38 per cent to close at 12,772.07.
On the NSE, the headline index Nifty50 ended at 11,301.25 levels, up 67 points or 0.59 per cent.
Sectorally, barring media and private bank, all the indices on the NSE ended in the green. The Nifty Metal index ended at 2,335.20 levels, up 2.27 per cent.
GLOBAL MARKETS
Asian shares jumped on Friday after US President Donald Trump said he would meet with China’s top trade negotiator, stirring hopes for an agreement, while sterling resumed its climb amid optimism over a possible Brexit deal. European shares were mostly expected to continue the rally. Pan-region Euro Stoxx 50 futures rose 0.26 per cent to 3,494 and German DAX futures gained 0.29 per cent to 12,209. FTSE futures were down 0.43 per cent at 7,142.5 early in the day.
MSCI’s broadest index of Asia-Pacific shares outside Japan advanced 1.3 per cent on Friday afternoon in Asia. S&P e-mini futures added 0.45 per cent. Japan's Nikkei stock index gained 1.1 per cent. Chinese blue-chips were up nearly 1 per cent after a slow start.
In commodities, oil prices jumped by 2 per cent after Iranian news agencies said a state-owned oil tanker was struck by two missiles in the Red Sea near Saudi Arabia, raising the prospect of supply disruptions from a crucial producing region.
(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
3:35 PM
Closing Bell
The benchmark S&P BSE Sensex ended the day at 38,127 level, up 247 points or 0.65 per cent. Infosys and Vedanta added 4 per cent each to settle as the as top gainers at the 30-share index, while YES Bank settled as the top loser, down 3 per cent.
On NSE, the Nifty50 index closed at 11,301 level, up 67 points or 0.59 per cent. Infosys, Cipla, and Vedanta, which gained between 4-5%, were the top gainers at the 50-share index. On the downside, YES Bank, Indian Oil Corporation and GAIL settled as top losers, down in the range of 2-3%.
3:25 PM
Cipla rebounds 13% from 52-week low on heavy volumes
Shares of Cipla gained 5 per cent to Rs 442, thus bouncing back 13 per cent from its early morning low on the BSE on Friday as, according to analysts, the USFDA's inspection of Goa facility found no repeat or data integrity (DI) observations, so there is no chance of import alerts at the plant. READ MORE
3:09 PM
Iran oil tanker hit by suspected missile strikes near Saudi port
Suspected missile strikes hit an Iranian oil tanker near the Saudi coast on Friday, its owner said, the first Iranian vessel targeted since a spate of attacks in the Gulf Washington blamed on Tehran.
Oil prices surged more than two per cent on the news, which raised new supply concerns with tensions still high after last month's attacks on two Saudi crude facilities. READ MORE
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2:54 PM
Oil posts biggest gain in a month after reports of Iranian tanker attack: Reuters
Oil prices jumped more than 2% on Friday after Iranian media said a state-owned oil tanker had been struck by missiles in the Red Sea near Saudi Arabia, raising the prospect of supply disruptions weeks after attacks on Saudi oil plants. International benchmark Brent crude futures LCOc1 were up$1.39, or around 2.4%, at $60.49 a barrel by 02:00 pm, the report added.
2:52 PM
Unlisted cos executing more NHAI projects than their listed counterparts
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Topics : Markets MARKET WRAP
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First Published: Oct 11 2019 | 7:20 AM IST