RIL jumps 5.7% toclose at three month high level
Markets continue to trade on a strong note in the late morning deals on the back of positive global cues and buying visible in the banking and capital goods stocks ahead of the Reserve Bank of India's (RBI) policy review which is due on Tuesday.
About 1,556 shares have advanced, 1,211 shares declined, and 182 shares are unchanged.
Other losers included Vedanta, Tata Steel, NTPC, ONGC, L&T, M&M, Coal India, Maruti, PowerGrid, Axis Bank, ITC and HDFC, dropping up to 5.75 per cent. On the other hand, Kotak Bank, Bharti Airtel, HCL Tech, Bajaj Finance and Hero MotoCorp rose up to 0.95 per cent.
Top gainers of the session included Bajaj Auto, Kotak Bank, M&M, Vedanta, IndusInd Bank, Asian Paints, HDFC Bank, Reliance Industries, HUL, HDFC, ITC, Tata Steel and Tata Motors, rallying up to 5 per cent.
Realty stocks ended firm on expectations that the central bank will start cutting interest rates in the coming months to prop up slowing economy.
Both the indices closed at five-month highs, led by financial services, IT and metal stocks, amid persistent foreign fund inflows.
The Sensex dropped 207 points to end at 17,362. The Nifty ended down 68 points to 5,221.
Infosys, Reliance Industries, TCS, HDFC, HDFC Bank, Maruti, SBI, IndusInd Bank and Kotak Bank led the gains on the Sensex, rising up to 2.53 per cent.
The markets have opened on a lacklustre note in the absence of major cues from the US markets that were closed on account of Independence Day holiday. The Sensex is down 15 points at 17,448. Nifty is flat at 5299.
Markets have slipped into the red after opening on the positive zone. The Sensex is down 35 points at 17,394. Nifty is down 10 points at 5,269.
Tata Steel was the biggest gainer in the Sensex pack, rising 3.36 per cent, followed by Vedanta, Bajaj Finance, TCS, IndusInd Bank, Infosys, ONGC, Kotak Bank, HDFC Bank, HDFC, M&M and ITC.
The broader Nifty declined by 73.90 points, or 0.71 per cent, to end at 10,378.40.
In the Sensex pack, Axis Bank, Tata Motors, Infosys, Kotak Bank, HDFC Bank, RIL, Bajaj Auto, SBI, HUL, Tata Steel, Vedanta, HFDC, TCS, ITC and Sun Pharma jumped up to 4.64 per cent.
BSE market breadth was almost neutral as 1,397 shares advanced while 1,345 shares declined.
The Nifty ended down 29 points at 4,750.
Nifty ended up 65 points at 4,779.
Interest rate sensitive counters were witnessing strong buying demand on expectations that the RBI will cut interest rates
Reflecting the bullish mood, all sectoral indices ended with gains, led by auto, oil and gas, FMCG, IT and teck. The broader NSE Nifty, after crossing the 10,600-mark, settled 68.40 points, or 0.67 per cent higher at 10,598.40.
The overall breadth was neutral as 1,362 stocks advanced while 1,331 stocks advanced.
Combined net profit of BSE500 companies at $ 63 bn is 2.3% of GDP; global average is 5%.
Other losers included HCL Tech, Yes Bank, IndusInd Bank, TCS, ONGC, Bajaj Finance, PowerGrid, Vedanta, Asian Paints, NTPC and Hero MotoCorp, which shed up to 4.07 per cent.
The overall breadth was negative as 1,539 stocks declined while 1,232 stocks advanced.
Market breadth ended weak with 1,430 losers and 1,339 gainers on the BSE.
NTPC was the top gainer, spurting 4.28 per cent. Other winners were Bajaj Auto, Bajaj Finance, Sun Pharma, ITC, Hero MotoCorp, TCS, Yes Bank, HDFC, HDFC Bank and SBI, rising up to 1.38 per cent.
Sensex opened at 25,817 levels, 47 points down.
Leading indicators suggest economic activity has been disrupted after demonetisation.
The 30-share S&P BSE Sensex ended up 130 points at 25,400 and the Nifty50 rose 46 points to close at 7,759.
Nifty crossed the 5,600 mark and finally ended at 5,564 -- up 42 points.
The overall breadth was positive as 1,640 stocks advanced while 1,292 shares declined.
BSE market breadth was negative. Out of 3,022 stocks traded, 1,694 declined while 1,196 advanced.
The market breadth in BSE ended healthy with 2,019 advancing and 740 shares declining.
Out of 30 Sensex shares, 19 ended lower while 11 gained
Interest rate sensitive stocks gain ground post decision
On the other hand, jobs increased for the 10th straight month in the manufacturing sector, albeit only slightly
The Reserve Bank of India has also expressed concern over rising inflation and said the prevailing level is above its comfort zone.
Sectorally, metal and banking stocks rallied the most, while FMCG and realty stocks came under selling pressure.
