Sensex, Nifty End With Gains For Third Straight Day
Catch all live updates on share prices, index moves, corporate announcements and more from the Sensex and Nifty, today.
KEY HIGHLIGHTS
Closing Bell: A Day Of Consolidation
Indian equity markets ended little changed after witnessing pressure at higher levels. However, they managed to eke out modest gains.
The S&P BSE Sensex ended 0.3% higher at 40,544 while the NSE Nifty 50 index ended just below the 11,900 mark at 11,896, up 0.2%. Both Sensex and Nifty registered their third straight day of gains.
Among the sectoral indices, it was the Realty index that ended as the top performer in today's session. The index gained 4%, courtesy the surge in Oberoi Realty, which ended at an upper circuit of 20% - the most on record.
Other sectors that did well today include the Nifty Media index, which ended 2% higher, courtesy gains in Zee Entertainment and the Nifty I.T. index, which ended with gains of 1.4%.
Yesterday's top performer, the PSU Bank index was the top laggard in today's session, ending 1.4% lower.
Broader markets managed to outperform the benchmarks in today's session. The Nifty Midcap index gained 0.7% while the Smallcap index was up 0.4%.
India Volatility Index ended 4% higher at 22.69.
991 stocks on the NSE ended with gains while 829 posted losses in today's day of trade.
How Did The Sectoral Indices Fare
F&O Snapshot: Active Options Contracts
- Nifty October futures add 8.9% and 9.3 lakh shares in Open Interest.
- Nifty Bank October futures add 17.8% and 2.7 lakh shares in Open Interest.
Nifty: October 22 Expiry
- 12,000 Call: Premium up 5.9% to Rs 38.8. The contract has added 6.4 lakh shares in Open Interest.
- 11,900 Call: Premium up 17.9% to Rs 90.7. The contract has added 9.2 lakh shares in Open Interest.
- 11,800 Put: Premium down 15.5% to Rs 40.7. The contract has added 10.9 lakh shares in Open Interest.
Nifty Bank: October 22 Expiry
- 24,500 Call: Premium down 24.2% to Rs 189.6. The contract has added 3.24 lakh shares in Open Interest.
- 24,000 Put: Premium down 8.5% to Rs 188.9. The contract has added 5.3 lakh shares in Open Interest.
- 25,000 Call: Premium down 29.7% to Rs 65.5. The contract has added 1.8 lakh shares in Open Interest.
Buzzing Stock: Supreme Petrochem
- Among top performers on the Nifty 500 index
- Gains as much as 4.2% to Rs 274.7
- Trading at the highest level in over two years
- Up for the third straight day
- Longest winning streak in over a month
- Has gained 12% in the last three sessions
- Today's volumes are triple its 20-day average
- Stock nearing overbought territory with Relative Strength Index (RSI) at 69
- Has more than doubled from its 52-week low of March 13, 2020
- Both analysts tracking the stock have a buy recommendation
- The stock trades 8.5% higher than its 12-month consensus price target of Rs 249, implying a negative return potential
European Markets Open Flat
Benchmark indices are drifting lower, in-line with the sentiment seen across most of its peers in the Asia-Pacific.
The Stoxx 600 has opened 0.2% lower with energy and telecom stocks leading the losses. Technology stocks are outperforming.
Most Asian markets have ended with a negative bias, while futures on the Dow Jones are trading with gains of 80 points and are off the day's high.
Brent Crude is trading 0.3% lower at $42.49 per barrel while Gold is little changed at $1,900/Oz.
Let's take a look at how European markets are trading:
- Euro Stoxx 50 down 0.1% at 3,238
- DAX down 0.2% at 12,826
- CAC up 0.1% at 4,936
- FTSE 100 down 0.1% at 5,879
- IBEX 35 unchanged at 6,858