You are here: Home » News-CM » Equities » Market Report
Business Standard

Benchmarks hit fresh intraday high

Capital Market 

Key benchmarks extended gains and hit fresh intraday high in afternoon trade. At 13:26 IST, the barometer index, the Sensex, was up 480.41 points or 1.40% at 34,779.88. The index was up 152.70 points or 1.48% at 10,453.75.

Gains were supported by value buying after recent steep fall in share prices. The central bank's decision to inject liquidity into the system through purchase of government bonds also improved sentiment.

Among secondary barometers, the Mid-Cap index was up 3.77%. The Small-Cap index was up 3.18%. Both these indices outperformed the Sensex.

The market breadth, indicating the overall health of the market, was strong. On BSE, 1943 shares rose and 544 shares fell. A total of 122 shares were unchanged.

(up 5.06%), Yes (up 4.19%), (up 4.07%), (up 3.17%), of India (up 3.16%) and (up 2.97%), were the major Sensex gainers.

(down 2.73%), (down 2.3%), (down 1.59%), (down 1.59%) and (down 0.65%), were the major Sensex losers.

was up 1.63%. The group global wholesales in September 2018, including Jaguar Land Rover, were at 1,23,577 units, higher by 6%, as compared to September 2017. Global wholesales of all Tata Motors' commercial vehicles and Tata Daewoo range in September 2018 were at 52,018 units, higher by 25%, over September 2017. Global wholesales of all passenger vehicles in September 2018 were at 71,559 units, lower by 4%, compared to September 2017. Global wholesales for were 52,987 vehicles (*JLR number for September 2018 includes CJLR volumes of 4,853 units). Jaguar wholesales for the month were 18,876 vehicles, while wholesales for the month were 34,111 vehicles. The announcement was made after market hours yesterday, 9 October 2018.

On the macro front, based on an assessment of prevailing liquidity conditions and also of the durable liquidity needs going forward, the (RBI) has decided to conduct purchase of the following Government securities under Open Market Operations for an aggregate amount of Rs 12000 crore on 11 October 2018 through multi-security auction using the multiple price method.

Overseas, European stocks traded lower on Wednesday, as investors monitored the latest political developments in Overall, stock performances are struggling to make gains amid fears over global economic growth and rising interest rates in the U.S.

Asian shares were mixed on Wednesday after a mixed finish on Wall Street overnight. US stocks closed mostly lower Tuesday after a volatile session as investors continued to fret over the implication of higher bond yields on equities. The Nasdaq, however, snapped a three-day losing streak in line with a rebound in

US said Tuesday that he did not like the Federal Reserve's decision to continue hiking interest rates. The last raised its benchmark interest rate by a quarter point in September, while raising its expectations for economic growth for this year and next.

On the US data front, the small-business optimism index fell 0.9 point in September, falling from a 45-year high to a seasonally adjusted level of 108.8.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, October 10 2018. 13:25 IST