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Mkts end at record highs, up over 1% for the week; PSU Banks extend gains

All that happened in the markets today

SI Reporter  |  New Delhi 

Benchmark indices ended at record highs on Friday as Public sector banks continued their rally. The indices hit fresh highs at intra-day deals too with Nifty50 climbing to 10,461 and Sensex touching  33,726 levels.  Investor sentiment has been upbeat in India with the government’s recent announcement of a recapitalisation plan for banks. The broader NSE Nifty ended 0.3% up at 10,452 to end the week 1.2% higher while Sensex ended 0.3% higher at 33,685, to post a weekly gain of 1.6%. Meanwhile, positive trend was seen in Asian markets as global investors ...

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Mkts end at record highs, up over 1% for the week; PSU Banks extend gains

Market rundown by Mr. Anand James, Chief Market Strategist of Geojit Financial Services    "Resurgence in banks continued edging indices higher, even as new Fed chair stoked optimism that on - going FII buying in equities could continue. Market breadth was, however, relatively flat, as investors searched for more domestic cues, and could look for clues from pre - budget talks. " 

Mkts end at record highs, up over 1% for the week; PSU Banks extend gains

Top Sectoral loser: Nifty Pharma Source: NSE

Mkts end at record highs, up over 1% for the week; PSU Banks extend gains

Nifty Chart for the day Source: NSE

Mkts end at record highs, up over 1% for the week; PSU Banks extend gains

Sectoral trend Source: NSE

Mkts end at record highs, up over 1% for the week; PSU Banks extend gains

Nifty PSU Bank index extends gains Source: NSE

Mkts end at record highs, up over 1% for the week; PSU Banks extend gains

Top Sensex gainers and losers Source: BSE

Mkts end at record highs, up over 1% for the week; PSU Banks extend gains

Broader Markets In broader markets, the BSE Midcap index fell 0.07% while BSE Smallcap index gained 0.5%

Mkts end at record highs, up over 1% for the week; PSU Banks extend gains

Markets at close Benchmark indices ended at record highs on Friday as Public sector banks continued their rally. The indices hit fresh highs at intra-day deals too with Nifty50 climbing to 10,461 and Sensex touching  33,726 levels.  The S&P BSE index settled at 33,685, up 112 points while the Nifty50 index ended at 10,452, up 28 points

Mkts end at record highs, up over 1% for the week; PSU Banks extend gains

Reliance Nippon AMC to make stock market debut on Nov 6   Reliance Nippon Life Asset Management (RNAM), which successfully concluded its initial public offer (IPO) last week, will make its stock market debut on Monday.   The company's IPO was oversubscribed 81.54 times during October 25-27, data available with the NSE showed.   The Rs 1,540-crore offering saw healthy demand in all three investor categories. READ MORE

Mkts end at record highs, up over 1% for the week; PSU Banks extend gains

Tata Power Q2 profit falls 44% at Rs 269 cr on lower income   Tata Power Co Ltd reported an about 44 per cent slump in quarterly profit, hurt by lower income from its power generation business, missing analysts' forecasts.   Profit came in at Rs 269 crore ($41.63 million) in the quarter ended Sept. 30, compared with a profit of Rs 476 crore a year earlier, the company said on Friday.

Mkts end at record highs, up over 1% for the week; PSU Banks extend gains

Amtek Auto zooms 20% as Bharat Forge participates in acquisition process   Shares of Amtek Group companies – Amtek Auto, Metalyst Forgings and Castex Technologies – have locked in their respective upper limit of circuit breaker on the BSE after Bharat Forge said that it has participated in the process of acquiring Amtek Auto.   Ametk Auto was locked in upper circuit of 20% at Rs 29.70 on the BSE with only buyers seeing on the counter. Till 01:52 PM; a combined 12.63 million shares changed hands and there were pending buy orders for 4.88 million shares on the NSE and BSE. READ MORE

First Published: Fri, November 03 2017. 15:30 IST
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Mkts end at record highs, up over 1% for the week; PSU Banks extend gains

All that happened in the markets today

Benchmark indices ended at record highs on Friday as Public sector banks continued their rally. The indices hit fresh highs at intra-day deals too with Nifty50 climbing to 10,461 and Sensex touching  33,726 levels.  Investor sentiment has been upbeat in India with the government’s recent announcement of a recapitalisation plan for banks. The broader NSE Nifty ended 0.3% up at 10,452 to end the week 1.2% higher while Sensex ended 0.3% higher at 33,685, to post a weekly gain of 1.6%. Meanwhile, positive trend was seen in Asian markets as global investors ...

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