You are here: Home » Markets » News
Business Standard

Market Wrap, Oct 6: Here's all that happened in the markets today

Continuing their northward journey, the benchmark indices ended over 1 per cent higher on Tuesday, led by buying in financial and auto stocks


BS Web Team  |  New Delhi 

Continuing their northward journey, the benchmark indices ended over 1 per cent higher on Tuesday, led by buying in financial and auto stocks. The S&P BSE Sensex gained 601 points, or 1.54 per cent to settle at 39,575 levels while the Nifty50 index ended above the 11,650 mark at 11,662, up 159 points, or 1.38 per cent.

HDFC (up over 8%) and IndusInd Bank (up over 3%) were the top Sensex gainers, followed by M&M (up 3%), and Asian Paints (up 3%). On the other hand, Tata Steel (down over 1 per cent) ended as the biggest loser on the index.

Shares of Housing Development Finance Corporation (HDFC) jumped over 8 per cent to Rs 1,934 on the BSE after the housing finance company said the individual loan business saw see a sequential month-on-month improvement in the period July to September 2020 (Q2FY21).

Thyrocare Technologies moved higher by 15 per cent to Rs 883, also its record high on the BSE on Tuesday, after the company reported nearly 37 per cent year-on-year and over 100 per cent sequential growth in aggregate revenue for the quarter ended September 2020 (Q2FY21).

Shares of Sobha Ltd ended over 9 per cent higher at Rs 262 apiece on the BSE after the real estate major reported improved sequential sales in September quarter.

Meanwhile, with three external members appointed, the six-member monetary policy committee (MPC) will meet from October 7 to October 9, the Reserve Bank of India (RBI) said.

The seasonally adjusted India Services Business Activity Index rose for the fifth straight month in September, from 41.8 in August to 49.8.

In the broader market, the S&P MidCap and SmallCap indexes ended 0.59 per cent and 0.55 per cent higher, respectively.

Now, let's have a look at the global

Asian stock advanced to a more than two-week high on Tuesday after US President Donald Trump was discharged from hospital following treatment for Covid-19, and as prospects for a fresh US stimulus package appeared to brighten.

In commodities, oil prices gained due to fears that refineries could be hit by a storm brewing in the Gulf of Mexico. Gold, on the other hand, eased.

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, October 06 2020. 16:54 IST