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Sensex gains 77 points, Nifty ends above 10,000 on positive global cues

All that happened in Tuesday's trade

SI Reporter  |  New Delhi 

The benchmark indices settled higher on Tuesday, with Infosys gaining after its shareholders approved a buyback plan while Lupin rose after winning US approval for its hypertension drug. However, broader gains were limited as investors hedged their bets before corporate results kick in this week. Software bellwether Tata Consultancy Services reports on Thursday and index heavyweight Reliance Industries on Friday. The July-September earnings will be viewed as a gauge to determine whether the current high valuations hold ground after a record-setting rally this ...

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Sensex gains 77 points, Nifty ends above 10,000 on positive global cues

Anand James, Chief Market Strategist, Geojit Financial Services    Domestic indices extended gains backed by a strong rally in IT and pharma midcap stocks. Pressure of the upcoming earnings season kept the investors on the edge which capped further gains, but dipping India VIX value indicates that volatility expectations are falling and that investors are not unduly worried.

Sensex gains 77 points, Nifty ends above 10,000 on positive global cues

Sctoral trend  All but Nifty Realty and Nifty FMCG settled in green. Source: NSE

Sensex gains 77 points, Nifty ends above 10,000 on positive global cues

Nikhil Kamath, Co-Founder and Head of Trading, Zerodha   Global markets continued to move up and provided considerable support to the overall market. Domestic money continued to gush in as well, adding further impetus to the market. The rupee seems to be strengthening again which is positive for the overall sentiment. Sector wise, Pharma and Banking held up for the session whereas oil marketing companies and FMCG underperformed. Midcap indices outperformed with nearly 200 stocks hitting fresh 52 week highs on the BSE.   Overall, we remain cautious on the markets and would not advise taking fresh positions at this juncture.

Sensex gains 77 points, Nifty ends above 10,000 on positive global cues

Market breadth   The market breadth, indicating the overall health of the market, was strong. On BSE, 1,587 shares rose and 1,135 shares fell. A total of 124 shares were unchanged.

Sensex gains 77 points, Nifty ends above 10,000 on positive global cues

Sensex heatmap at close

Sensex gains 77 points, Nifty ends above 10,000 on positive global cues

Broader markets outperform    The BSE Smallcap index added nearly 1%, while the BSE Midcap index gained 0.6%.

Sensex gains 77 points, Nifty ends above 10,000 on positive global cues

Markets at close The S&P BSE Sensex ended at 31,924, up 77 points, while the broader Nifty50 closed at 10,019, up 31 points.

Sensex gains 77 points, Nifty ends above 10,000 on positive global cues

Top five Nifty gainers in last leg of trade  Source: NSE

Sensex gains 77 points, Nifty ends above 10,000 on positive global cues

Buzzing stock   Cochin Shipyard surged 10% to Rs 568 on the National Stock Exchange (NSE) after the company bagged an order worth Rs 5,400 crore from the Indian Navy.   “The company has received communication from the Ministry of Defence (Navy) that the company has emerged as the L1 bidder for 16 X ASW SWC Project for the Indian Navy,” Cochin Shipyard said in a statement. READ FULL REPORT

Sensex gains 77 points, Nifty ends above 10,000 on positive global cues

MCX gets Sebi nod for gold options   The Multi Commodity Exchange (MCX) has received the Securities and Exchange Board of India's (Sebi's) approval for the launch of gold option contracts with 1 kg gold futures the underlying commodity. In a circular, the exchange said that the date for launching options in gold would be announced separately but traders expect it to start trading around Diwali time. READ MORE

Sensex gains 77 points, Nifty ends above 10,000 on positive global cues

Buzzing stock Biocon moved higher by over 5% to Rs 363 on BSE in noon deals after the company said the US Food and Drug Administration (USFDA) has issued a Complete Response Letter (CRL) for  proposed Biosimilar Pegfilgrastim. READ MORE

First Published: Tue, October 10 2017. 15:34 IST
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Sensex gains 77 points, Nifty ends above 10,000 on positive global cues

All that happened in Tuesday's trade

The benchmark indices settled higher on Tuesday, with Infosys gaining after its shareholders approved a buyback plan while Lupin rose after winning US approval for its hypertension drug. However, broader gains were limited as investors hedged their bets before corporate results kick in this week. Software bellwether Tata Consultancy Services reports on Thursday and index heavyweight Reliance Industries on Friday. The July-September earnings will be viewed as a gauge to determine whether the current high valuations hold ground after a record-setting rally this ...

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