Markets end at record highs, up over 1% for the day; PSU Banks, realty lead
All that happened in the market today
 "Photo: Shutterstock")
Photo: Shutterstock
The benchmark indices ended the day at record highs on Wednesday after the index heavyweight Bharti Airtel hit its highest in nearly a decade post its September quarter numbers.
In intra-day The Sensex soared over 33,600-mark and clocked its all-time high figure of 33651, while the Nifty rallied to 10,451 during the day’s trade — also its all-time high mark.
Strong moves on banks, PSUs and private, along with metals, FMCG, and infrastructure stocks also added to the sentiment.
Overseas, Asian shares scaled a 10-year high, with Japan and South Korea markets leading gains in the region. on the back of solid economic growth globally, while oil prices extended a bull run on hopes that major producers will maintain their output cuts.
Strong moves on banks, PSUs and private, along with metals, FMCG, and infrastructure stocks also added to the sentiment.
Overseas, Asian shares scaled a 10-year high, with Japan and South Korea markets leading gains in the region. on the back of solid economic growth globally, while oil prices extended a bull run on hopes that major producers will maintain their output cuts.
Investors await the outcome of the US Federal Reserve’s two-day policy meeting later in the session for clues about future tightening.
The US central bank is expected to leave interest rates unchanged, but investors will be watching for any new indications that the Fed will resume raising rates next month.
3:50 PM
Market rundown by Mr. Vinod Nair, Head of Research of Geojit Financial Services
"Market extended gain on account of continued buying in banks in expectation of credit growth and negating the concern on premium valuation. Telecom stocks are gaining positive sentiment in view of attaining attractive competition after tariff revision by key players. Further, positive global cues and expectation of unchanged policy outcome from today’s FED meet is providing a better way to the domestic market."
3:40 PM
Nifty PSU Bank index gained over 3%
Source: NSE
3:38 PM
Sectoral Trend
Source: NSE
3:35 PM
Top Sensex gainers and losers
Source: BSE
3:33 PM
Broader Markets
Broader markets underperformed the benchmark indices with BSE Midcap and BSE Smallcap index up 0.4% and 0.6% respectively
Broader markets underperformed the benchmark indices with BSE Midcap and BSE Smallcap index up 0.4% and 0.6% respectively
3:32 PM
Markets at close
Benchmark indices ended the day at record highs on Wednesday after the index heavyweight Bharti Airtel hit its highest in nearly a decade post its September quarter numbers.
The S&P BSE Sensex ended at 33,600, up 387 points while the broader Nifty50 index settled at 10,440, up 105 points
Benchmark indices ended the day at record highs on Wednesday after the index heavyweight Bharti Airtel hit its highest in nearly a decade post its September quarter numbers.
The S&P BSE Sensex ended at 33,600, up 387 points while the broader Nifty50 index settled at 10,440, up 105 points
3:20 PM
Godrej Consumer Q2 net up 12% at Rs 362 crore on volume growth
FMCG major Godrej Consumer Products Ltd on Wednesday reported 12.56 per cent increase in its consolidated net profit to Rs 361.95 crore for the September quarter on higher income and volume growth.
It had posted net profit of Rs 321.54 crore during the July-September quarter of last fiscal, Godrej Consumer Products Ltd (GCPL) said in a regulatory filing.
Net sales (including excise duty) of the company during the quarter under review stood at Rs 2,496.93 crore as against Rs 2,436.64 crore in the year-ago period, up 2.47 per cent.
3:07 PM
TVS Motor profit up 20%, co declares interim dividend
TVS Motor has reported a net profit of Rs 213.16 crore during the quarter ended September 30, 2017 as compared to Rs 177.39 crore, an increase of around 20.2 per cent.
Revenue excluding excise duty, GST grew to Rs 4,097.99 crore in the quarter ended September 2017 compared to Rs 3,465.69 crore in the quarter ended September 2016.
The two-wheeler major's margin was 8.7 per cent, which was higher than the market estimate due to improvement in realisation thanks to a better product mix.
2:47 PM
Realty index hits 6-year high; Godrej Properties, Oberoi Realty at new high
Shares of real estate companies were on a roll with the Nifty Realty index hitting an over six-year high after a strong rally in Godrej Properties, Indiabulls Real Estate and DLF on the National Stock Exchange (NSE).
Godrej Properties, Indiabulls Real Estate and DLF from the Nifty Realty index were up in the range of 4% to 8% on the NSE. The non-index stocks such as Hubtown, Dilip Buildcon, Ansal Buildwell, Emami Infrastructure and Simplex Realty were up 5% to 9% on the BSE.
2:31 PM
Fed to hold rates steady ahead of Trump's decision on new central bank head
The Federal Reserve is expected to keep interest rates unchanged on Wednesday as speculation swirls on who will be its next leader, but the US central bank will likely point to a firming economy as it edges closer to a possible rate rise next month.
The Fed has raised rates twice since January and currently forecasts one more hike by the end of the year as part of a tightening cycle that began in late 2015.
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First Published: Nov 01 2017 | 3:30 PM IST