At 14:26 IST, the barometer index, the S&P BSE Sensex, jumped 279.19 points or 0.64% at 44,161.44. The Nifty 50 index rallied 83.95 points or 0.65% at 12,943.85.
The Sensex hit a fresh record high of 44,271.15 in initial deals while the Nifty hit a record high of 12,968.85 in mid afternoon session.
The broader market outpaced the benchmark indices. The S&P BSE Mid-Cap index rose 1.23%. The S&P BSE Small-Cap index gained 1.3%.
The market breadth was positive. On the BSE, 1,614 shares rose and 1,137 shares fell. A total of 171 shares were unchanged. In Nifty 50 index, 37 stocks advanced while 13 stocks declined.
COVID-19 Update:
Total COVID-19 confirmed cases worldwide stood at 5,86,49,890 with 13,88,075 deaths. India reported 4,43,486 active cases of COVID-19 infection and 1,33,738 deaths while 85,62,641 patients have been discharged, according to the data from the Ministry of Health and Family Welfare, Government of India.
More From This Section
Economy:
FICCI's latest quarterly survey on Manufacturing pointed towards recovery of manufacturing sector for Q2 (July-September 2020-21) as compared to previous quarter. The percentage of respondents reporting higher production in second quarter of 2020-21 has increased vis-a-vis the Q1 of 2020-21. The proportion of respondents reporting higher output during July-September 2020 rose to 24%, as compared to 10% in Q1 of 2020-21. The percentage of respondents expecting low or same production is 74% in Q2 2020-21 which was 90% in Q1 of 2020-21. The overall capacity utilization in manufacturing has witnessed a rise to 65% as compared to 61.5% in Q4 2019-20.
Buzzing Index:
The Nifty Metal index rose 1.36% to 2,812.60. The index has added 2.18% in two days.
Steel Authority of India (up 4.62%), Jindal Steel & Power (up 2.11%), Tata Steel (up 2.03%), Vedanta (up 1.58%), Hindalco Industries (up 1.23%), JSW Steel (up 1.13%) and Coal India (up 0.82%) advanced.
Numbers to Track:
In the foreign exchange market, the partially convertible rupee edged higher to 74.09 compared with its previous closing 74.16.
The yield on 10-year benchmark federal paper rose to 5.881% compared with its closing of 5.877% in the previous trading session.
MCX Gold futures for 4 December 2020 settlement fell 0.01% to Rs 50,207.
In the commodities market, Brent crude for January 2021 settlement added 99 cents to $45.95 a barrel. The contract added 1.72% to settle at $44.96 in the previous trading sessions.
The US dollar index (DXY), which tracks the greenback's value against majors, fell 0.19% to 92.21.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content