Closing Bell: A Rangebound Session
Indian equity markets managed to eke out gains during the final few minutes of a rangebound trading session to end higher for the fourth straight day.
The S&P BSE Sensex ended 0.5% higher at 44,180 while the NSE Nifty 50 index ended 60 points shy of the 13,000 mark - up 0.5% at 12,937.
Among sectoral indices, it was the day of banking and Auto stocks. The PSU Bank index was the top performing sectoral index, ending with gains of 3.5% while the Nifty Auto index ended at the highest level since April 2019, with gains of over 3%.
The Nifty Bank and the Nifty Realty indices gained 1.9% each.
The Nifty FMCG index was the top sectoral laggard, ending 1% lower while the defensives like Nifty I.T. and Nifty Pharma ended with losses of over 0.5%.
Broader markets, which were unchanged at the start of trade, outperformed the benchmarks. The Nifty midcap index ended 1.4% higher while the Smallcap index gained 0.3% at the close.
India Volatility Index remained below the mark of 20, ending 2.7% lower at 19.26.
1,096 stocks on the NSE have ended with gains while 764 posted losses.
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Markets At 2:10 P.M.
- Benchmark indices look to gain momentum
- Nifty up 0.3% at 12,909
- Sensex up 0.3% at 44,104
- Nifty Bank up 1.9% at 29,727
- Nifty Midcap index up 1%
- Nifty Smallcap index up 0.3%
- India Volatility Index down 2.5% to 19.3
- Nifty Auto and Nifty PSU Bank indices are the top sectoral gainers; up 2.4% each
- Nifty Realty is the other major sectoral gainer; up 1.4%
- Nifty I.T. and Nifty FMCG indices down over 1% each
- Mahindra & Mahindra remains the top Nifty gainer; up 10%
- BPCL remains the top Nifty laggard; down 3.7%
- 1,004 stocks on the NSE trade with gains while 814 decline
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- Mahindra & Mahindra: Gains as much as 10%. Biggest single-day gain since April this year. Trading at the highest level since March 2019. Up for the third straight day.
- Tata Motors: Gains as much as 7%. Trading at the highest level since February this year. Up for the third straight day. Up 15% in the last three trading sessions.
- Motherson Sumi: Gains as much as 6%. Trading at the highest level since February this year. Up for the second straight day.
- Ashok Leyland: Gains as much as 3%. Trading at the highest level since May 2019. Up for the fifth straight day. Longest winning streak in two months.
- Eicher Motors: Up for the 12th straight day. Longest winning streak since March 2011.
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Markets At Noon
- Benchmark indices continue to trade in a narrow range
- Nifty down 0.3% at 12,837
- Sensex down 0.2% at 43,855
- Nifty Bank up 0.6% at 29,358
- Nifty Midcap index up 0.5%
- Nifty Smallcap index up 0.1%
- India Volatility Index down 1.4% to 19.52
- Nifty PSU Bank index is the top sectoral gainer; up 1.5%
- Nifty Auto index is the other major gainer; up 1.2%
- Nifty FMCG and Nifty I.T. indices decline 1.2% each
- Nifty Pharma index down 0.9%
- Mahindra & Mahindra is the top Nifty gainer; up 6.2%
- BPCL remains the top Nifty laggard; down 4%
- 877 stocks on the NSE Trade with gains while 897 decline
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Markets At 10:10 A.M.
- Benchmark indices trade little changed in the first hour
- Nifty unchanged at 12,873
- Sensex up 10 points at 43,959
- Nifty Bank up 0.8% at 29,407
- Nifty Midcap index up 0.9%
- Nifty Smallcap index up 0.3%
- India Volatility Index down 2.5% to 19.3
- Nifty PSU Bank index is the top sectoral gainer; up 2.8%
- Nifty Realty is the other major sectoral gainer; up 1.4%
- Nifty FMCG is the top sectoral laggard; down 1%
- Tata Motors is the top Nifty gainer; up 4.3%
- BPCL is the top Nifty laggard; down 2.8%
- 998 stocks on the NSE are trading with gains while 686 decline
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Opening Bell: A Flat Start
Indian equity markets have opened little changed this morning, after ending higher for the third straight day on Tuesday. Sentiment across global markets overnight and this morning too has been subdued.
The S&P BSE Sensex opened 25 points higher at 43,978 while the NSE Nifty 50 index opened 14 points lower at 12,860.
All sectoral indices too have opened flat. The Nifty Realty index is up 0.5% while the Metal index has opened 0.4% lower. The Nifty Bank and the PSU Bank indices are down 0.3% each.
Broader markets are flat with both Nifty Midcap and Smallcap indices showing no moves from Tuesday's closing levels.
884 stocks on the NSE have opened with gains while 640 are declining
Current Market Update
A Subdued Start Likely
Good Morning!
Indian equity markets have gained in 11 out of the last 12 trading sessions, after closing higher for the third straight day on Tuesday.
Despite facing some resistance at higher levels, both S&P BSE Sensex and NSE Nifty 50 managed to register a record closing high.
The Nifty is now just over 100 points away from hitting the 13,000 mark. However, F&O data for the November 19 expiry suggests that the 13,000 Call strike has close to 40 lakh shares in Open Interest.
Futures are indicating a flat start to today's trading session. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, was little changed at 12,893 as of 8:05 a.m.
Stocks that are in the F&O Ban for today's session are BHEL, Canara Bank, Indiabulls Housing Finance, JSPL, LIC Housing Finance, SAIL, Sun TV and Tata Steel - which was the top Nifty gainer on Tuesday. The other major Nifty gainer - Tata Motors is now out of the F&O Ban.
Asian markets are mixed in mid-week trading with benchmarks in Japan declining and were little changed elsewhere.
Futures on the Dow Jones are currently trading lower by 60 points. The index ended 0.6% lower on Tuesday.
West Texas Intermediate crude fell 0.6% to $41.2 per barrel.
Short on time? Well, then listen to this podcast for a quick summary of All You Need To Know before the opening bell.
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