Key market indices advanced further and hit fresh intraday high in mid-afternoon trade. At 14:19 IST, the barometer index, the S&P BSE Sensex was up 330.14 points or 0.76% at 40,356.98. The Nifty 50 index was up 97.45 points or 0.82% at 11,941.55.
The S&P BSE Mid-Cap index was up 1.26%. The S&P BSE Small-Cap index rose 1.07%. Both these indices outperformed the Sensex.
The market breadth was strong. On the BSE, shares 1466 rose and 958 shares fell. A total of 132 shares were unchanged.
Stocks in focus:
JBM Auto fell 2.64% to Rs 220. The commercial vehicle manufacturer's consolidated net profit fell 22.15% to Rs 16.27 crore on a 14.63% decline in revenue from operations to Rs 388.13 crore in Q2 September 2019 over Q2 September 2018.
Also Read
ICICI Lombard General Insurance Company slipped 1.56% to trade at Rs 1349.05. The insurance company informed that it has entered into an arrangement with Unbox Technologies to acquire proprietary software, platforms and underlying intellectual property assets developed by Unbox, along with ancillary movable assets for housing the software and employees for operation, maintenance and development of the Software, for an aggregate cash consideration of Rs 225 crore.
Unbox Technologies is engaged in providing customer relationship management services. ICICI Lombard proposes to utilise the Software for its own business purposes.
Apollo Tyres rose 1.60% to Rs 190.65. The tyre maker informed that a meeting for the board is scheduled for 5 November 2019 to consider the issue of non convertible debentures (NCD's) through private placement.
Macros:
Investors awaited India's fiscal deficit data for April-September period and infrastructure output data for September 2019 which will be announced later today, 31 October 2019.
The yield on 10-year benchmark federal paper rose to 6.778% at 14:18 IST compared with 6.664% in the previous trading session.
In the foreign exchange market, the Indian rupee edged higher against the dollar amid positive sentiment in the domestic equity market. However, rising crude oil prices capped the gains for the domestic unit.
In the spot market, the rupee was at 70.85. It closed at 70.9 against the greenback on Thursday.
In the commodities market, Brent crude for December 2019 settlement was up 41 cents at $61.02 a barrel. The contract fell 1.59% or 98 cents to settle at $60.61 a barrel during the previous trading session.
MCX Gold futures for 5 December 2019 settlement rose 0.14% to Rs 38,141.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
