You are here: Home » Markets » News
Business Standard

Market Wrap, Nov 17: Here's all that happened in the markets today

With today's rally, the market capitalisation (m-cap) of BSE-listed companies crossed Rs 170 trillion to Rs 170.59 trillion. Volatility index, India VIX, gained 3.5 per cent to 19.8 levels

Topics
MARKET WRAP

BS Web Team  |  New Delhi 

The bulls continued to maintain their firm grip on Tuesday as the benchmark indices gained over 0.7 per cent to settle at record highs, led by buying in financial counters. The S&P BSE Sensex ended the day at 43,953, up 315 points, or 0.72 per cent while Nifty settled at 12,874, up 94 points, or 0.74 per cent. In the early deals, Sensex briefly touched the crucial 44,000-mark before retreating later.

With today's rally, the market capitalisation (m-cap) of BSE-listed companies crossed Rs 170 trillion to Rs 170.59 trillion.

Volatility index, India VIX, gained 3.5 per cent to 19.8 levels.

Meanwhile, the broader market outperformed the frontline indices. The S&P BSE MidCap index rallied over 1 per cent 16,147 levels while the S&P BSE SmallCap index ended 0.88 per cent higher at 15,910 levels.

The market breadth was in favour of the buyers as out of 3,002 companies traded on the BSE, 1,567 advanced and 1,252 declined while 183 remained unchanged.

As many as 179 securities on the BSE hit their 52-week high today while 51 slipped to their 1-year low.

On the sectoral front, banks and metal stocks logged stellar gains. The Nifty Bank rallied 587 points, or 2 per cent to 29,181.30 levels while Nifty Metal surged 2.5 per cent to 2,761 levels.

Among individual stocks, Tata Steel ended over 6 per cent higher at Rs 523 on the BSE after the company reported a strong set of numbers on operational front for the quarter ended September 2020(Q2FY21).

Global markets

Asian stocks held gains and moved tentatively further into record territory on Tuesday, after US benchmarks were pepped up by of another promising coronavirus vaccine.

In Europe, stocks eased from eight-month highs as tighter coronavirus-driven restrictions across the continent hit travel stocks, halting a broader rally that was powered by encouraging Covid-19 vaccine

In commodities, oil prices edged up on expectations OPEC and its allies will extend oil production cuts for at least three months, while sentiment was bolstered by of another promising coronavirus vaccine.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, November 17 2020. 17:20 IST
RECOMMENDED FOR YOU
.