A man stands in front of an electronic ticker board showing stock information figures outside the Bombay Stock Exchange (BSE) in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Sensex, Nifty Snap Three-Day Decline Led By HDFC Twins, Infosys

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Closing Bell: Nifty Settles Above 11,000 Led By IT Stocks

Indian equity benchmarks snapped their three-day losing streak led by HDFC twins, ICICI Bank and TCS.

The S&P BSE Sensex rose 0.8 percent or 299 points to 36,526 and the NSE Nifty 50 Index climbed 0.7 percent or 78 points to 11,008.

For most part of the day, the benchmarks traded with a negative bias but sentiment improved after the government sought to take over the troubled shadow banker IL&FS by replacing all its board members.

Twelve of 19 sector gauges compiled by BSE ended higher led by the S&P BSE IT Index's 2.4 percent gain. On the flipside, the S&P BSE Realty Index was top loser, down 1.4 percent.

The broader markets ended mixed as the S&P BSE MidCap Index rose 0.5 percent while the S&P BSE SmallCap Index fell 0.25 percent.

Yes Bank Extends Gains, Surges Over 10%

Shares of the Mumbai-based private sector lender extended gains and rose as much as 14 percent to Rs 210 after disclosed NPA numbers for the September quarter ahead of its earnings.

Sensex, Nifty Snap Three-Day Decline Led By HDFC Twins, Infosys

IL&FS Transportation, Infibeam Among Fab Four Stocks Of The Day

  • IL&FS Transportation Network: The Noida-based road developer rose as much as 20 percent to Rs 27 after the government sought to takeover the parent IL&FS by replacing all existing board members.
  • Infibeam Avenues: The Gandhinagar-based e-commerce website operator rose 18 percent after it clarified that promoters Have not sold any pledged shares.
  • Gayatri Projects: The Hyderabad-based construction company advanced 7 percent to Rs 179 after it received additional orders worth Rs 550 crore.
  • Eros International: The Mumbai-based movie producer snapped its 6-day losing streak on heavy volumes. Trading volume was 13.1 times its 20-day average.

Market Check: Sensex Rises Over 150 Points Led By TCS, HDFC

  • The benchmarks rebounded from intraday low levels led by TCS, HDFC twins and Infosys.
  • The Sensex rose 0.4 percent or 175 points to 36,402 and Nifty 50 Index climbed 0.3 percent or 33 points to 10,963.

Tata Motors Rises After Domestic Sales Jump 20% In September

Shares of the Mumbai-based car and commercial vehicle maker rose as much as 3 percent to Rs 230.50 after its domestic sales rose 20 percent to 64,250 units in September, Tata motors said in an exchange filing.

Key sales highlights:

  • Domestic sales rose 20 percent to 64,250 units versus 53,964 units (YoY)
  • Commercial vehicle sales rose 26 percent to 46,169 units versus 36,578 units (YoY)
  • Medium and heavy commercial vehicle truck sales rose 32 percent to 16,239 units versus 12,259 units (YoY)
  • Passenger vehicle sales rose 7 percent to 18,429 units versus 17,286 units (YoY)
  • Exports rose 35 percent to 5,250 units versus 3,887 units (YoY)
  • Cumulative domestic sales for April-September rose 40 percent to 339,186 units versus 242,787 units during the same period last year