Mkts end at record highs, up over 1% for the week; PSU Banks extend gains
All that happened in the markets today
 "Photo: Shutterstock")
Photo: Shutterstock
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 gave a guarded reception to Republican plans for massive US tax cuts, while welcoming the appointment of a centrist at the helm of the Federal Reserve.
Meanwhile, positive trend was seen in Asian markets as global investors gave a guarded reception to Republican plans for massive US tax cuts, while welcoming the appointment of a centrist at the helm of the Federal Reserve.
3:49 PM
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. "
3:46 PM
Top Sectoral loser: Nifty Pharma
Source: NSE
3:44 PM
Nifty Chart for the day
Source: NSE
3:42 PM
Sectoral trend
Source: NSE
3:41 PM
Nifty PSU Bank index extends gains
Source: NSE
3:40 PM
Top Sensex gainers and losers
Source: BSE
3:38 PM
Broader Markets
In broader markets, the BSE Midcap index fell 0.07% while BSE Smallcap index gained 0.5%
In broader markets, the BSE Midcap index fell 0.07% while BSE Smallcap index gained 0.5%
3:36 PM
The S&P BSE index settled at 33,685, up 112 points while the Nifty50 index ended at 10,452, up 28 points
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.
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
3:16 PM
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
3:00 PM
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.
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First Published: Nov 03 2017 | 3:30 PM IST