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MUHURAT TRADING WRAP: Sensex gains 192 pts; Tata Motors surges 16%
In the broader market, small-caps outpeformed the benchmark in the trade. The S&P BSE small-cap index closed 1.2 per cent higher at 13,310 level
Shares of Tata Motors rallied 18 per cent intra-day to Rs 148 on the BSE in Muhurat trading Sunday, after the company reported a better-than-expected EBITDA (earnings before interest, tax, depreciation and amortization) margin at 10.9%, up 157bps year-on-year (YoY) and 607bps quarter on quarter (QoQ) in September quarter of financial year 2019-20 (Q2FY20). The stock eventually settled 16.5 per cent higher at Rs 147.95 per share. READ MORE
On NSE, the broader Nifty50 index clsoed 43 points, or 0.37 per cent, higher at 11,627-mark. Nifty Bank closed 120 pointd. or 0.4 per cent higher. In the broader market, small-caps outpeformed the benchmark in the trade. The S&P BSE small-cap index closed 1.2 per cent higher at 13,310 level. The S&P BSE mid-cap index, too, settled 0.7 per cent higher at 14,441-mark.
Market breadth remained in favour of advances on the BSE. Out of the total listed entities,1,650 comanies advanced, 516 declined and 136 remained unchanged. About 214 companies hit their upper circuit.
Markets will remain closed on Monday on account of Diwali-Balipratipada.
Shares of ICICI Bank hit a new high of Rs 473, up 1 per cent on the BSE on Sunday after the bank reported healthy operational performance driven by net interest income (NII), which grew 26 per cent at Rs 8,057 crore on year-on-year (YoY) basis in September quarter (Q2FY20). The bank’s net interest margin (NIM) improved to 3.64 per cent in Q2FY20 from 3.33 per cent a year ago. The stock closed flat at Rs 469 per share. READ MORE