Markets at 1-month high: Nifty settles above 10,000, Sensex gains 194 pts
Catch all that happened in the market here
 "Nifty")
Source: NSE
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.
Investors in Asia reacted with relief after North Korea did not conduct another missile test this weekend, when it celebrated its founding anniversary. The MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.4%.
Still, sentiment was broadly cautious after indexes posted their first weekly fall in four last week, as investors monitored global risk factors and awaited consumer inflation data due on Tuesday.
India’s retail inflation is expected to have picked up to a five-month high of 3.20% in August, largely driven by higher food costs, a Reuters poll showed on Monday, potentially reducing the scope of further rate cuts by the central bank.
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.
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
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
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 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.
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
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
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First Published: Sep 11 2017 | 3:30 PM IST