Markets at 1-month high: Nifty settles above 10,000, Sensex gains 194 pts

Catch all that happened in the market here

3:51 PM

Analyst View

 

Vinod Nair, Head of Research, Geojit Financial Services said: Domestic market inched up supported by positive impetus in global market due to weakened hurricane Irma in US and sign of melting geopolitical tensions. Investors are also awaiting the outcome of CPI Inflation, IIP data tomorrow for any turnaround after the disruption from GST.

3:44 PM

Nifty Bank was the top sectoral gainers, up over 1%

Source: NSE

3:42 PM

Auto index gains

Nifty Auto index gained 0.5% led by Maruti Suzuki up over 2% after the government said on Saturday it would increase taxes for mid-sized, large, and sports utility vehicles under the recently unveiled nationwide tax.

 

The quantum of the increase was less than expected and tax rates for smaller cars and hybrid vehicles were not raised, comforting investors.

3:40 PM

Sectoral Trend

Source: NSE

3:38 PM

Top gainers and losers on BSE Sensex

Source: BSE

3:35 PM

Markets at Close

Benchmark indices ended at one-month high on Monday with Nifty50 scaling 10,000-mark led by gains in banking, capital goods, and auto stocks. The Sentiment was also supported by rise in Asian peers.

The S&P BSE Sensex ended the day at 31,882, up 194 points while the broader Nifty50 index ended at 10,006, up 76 points

3:25 PM

Matrimony.com IPO

The Rs 500-crore IPO of Matrimony.com has been oversubscribed 61 percent as per latest data available on the NSE.

 

The issue has received bids for 17 lakh equity shares against IPO size of 28.1 lakh shares (excluding anchor investors' portion) on first day.

3:16 PM

Global Check

The dollar rose on Monday and world shares climbed back towards record highs, on relief that North Korea did not conduct a further missile test at the weekend when it celebrated its founding anniversary.

 

European shares started 0.75% higher as an official downgrading of Irma’s strength lifted insurance firms. EU, while gold XAU= the yen JPY= and Treasuries US10YT=RR dipped.

 

Japan’s Nikkei rose 1.4% after Pyongyang held a massive celebration to congratulate the nuclear scientists and technicians who steered the country’s sixth and largest nuclear test a week earlier.

3:07 PM

USFDA nod for Lupin

Lupin rose 1.02% to Rs 978 on BSE after the company said it has received final approval from the US drug regulator for its Doxycycline Hyclate Tablet USP, 100 mg.

2:58 PM

BUZZING STOCK

Petronet LNG surged 6.65% to Rs 239 on BSE after the company said that it has renegotiated some terms of agreement for purchase of 1.44 million tonnes per annum of LNG with ExxonMobil

2:45 PM

66 stocks gain over 50% in 1-month; Future Market, Bombay Dyeing zoom 100%

 

Bombay Dyeing and Manufacturing, Himachal Futuristic Communications, Emkay Global Financial Services, Future Consumer and JBM Auto are among 66 stocks that rallied more than 50% in past one month on BSE.

 

Of these 65 stocks, only 18 stocks are from the S&P BSE Smallcap index, while the remaining 47 are non-index stocks. Future Market Enterprises, Bombay Dyeing and Transcorp International have seen their market values more-than-doubled. READ MORE

2:31 PM

Insolvency case: SC tells Jaypee associates to deposit Rs 2,000 crore

Jaypee Infratech fell over 4% after the Supreme Court on Monday directed Jaypee Associates to deposit Rs 2,000 crore with it in connection with insolvency proceedings involving Jaypee Infratech, according to media reports.

The court also asked the Interim Resolution Professional, a body set up by the National formed by the National Company Law Tribunal (NCLT), to take over the management of Jaypee Infratech.

2:15 PM

Retail inflation in August at five-month high on rising food costs: Poll

 

India's retail inflation is expected to have picked up to a five-month high in August, largely driven by higher food costs, a Reuters poll showed, easing pressure on the Reserve Bank of India (RBI) to cut interest rates again after poor growth data.

 

Consumer prices were forecast up at 3.20% in August from a year ago, jumping from July's 2.36%, according to the poll taken September 5-8 of nearly 40 economists. READ MORE

1:59 PM

European Markets

 

European stocks opened slightly higher, while investors monitored the economic impact of Hurricane Irma.

 

The pan-European Stoxx 600 was 0.46% higher shortly after the opening bell, with all sectors and major bourses in positive territory.

1:45 PM

Market Check

 

Equity benchmarks as well as broader markets remained strong in afternoon trade, tracking uptrend in global peers after no missile test from North Korea on September 9.

 

At 1:45 pm, the S&P BSE Sensex was trading at 31,891, up 203 points while the Nifty50 index was ruling at 10,013, up 78 points.