Sensex Closes At Record High; Nifty Ends Near 12,000
Closing Bell: Sensex Closes At Record High; Nifty Ends Near 12,000
Indian equity benchmark—S&P BSE Sensex—ended at record high.
The 31-share index rose 0.45 percent higher to end at an all-time high at 40,651.64. It had risen as much as 0.86 percent to hit 40,816.38 intraday.
The NSE Nifty 50 rose 0.49 percent to close near 12,000. The broader markets represented by the NSE Nifty 500 Index rose 0.44 percent.
The market breadth, however, was tilted in favour of sellers. About 922 stocks declined and 890 shares declined on National Stock Exchange.
Eight out of 11 sectoral gauges compiled by NSE ended higher, led by the NSE Nifty Pharma Index’s 3.3 percent gain. On the flipside, the NSE Nifty Realty Index was the worst sectoral performer, down 1.5 percent.
Fab Four Stocks Of The Day
- Stock rose as much as 8 percent to Rs 1,011.35.
- Government gives in principle approval for strategic disinvestment.
- Stock rose as much as 3.4 percent to Rs 20,680.
- Launches QIP, floor price set at Rs 19806.46 per share. Board to consider the issue price on Nov. 22
- Stock rose as much as 17.5 percent to Rs 729.85.
- About 2.34 crore shares of the company changed hands in a large trade, Bloomberg data showed. Buyers and sellers were not known immediately.
- Stock rose as much as 20 percent to Rs 18.
- Fresh longs seen with high open interest of 22.3 percent.
Bloomberg Exclusive: Piramal Gets Waiver On Debt Contract After Offering To Pay Early
Shares of Piramal Enterprises rose as much as 3.5 percent to Rs 1,822.30. The stock, however, retreated to trade 1.1 percent higher.
- Piramal Enterprises has offered to repay a Rs 1,500 crore of debt to Standard Chartered Plc. early after getting a waiver on a covenant.
- The flagship company of the group—which runs non-bank financiers and a drug maker—hasn’t furnished additional security, as mandated, for the 9.5 percent notes maturing in January.
- Piramal has offered to repay the debt using money raised from a preference issue to Canadian pension fund Caisse de Depot et Placement du Quebec, and from other sources.
Source: Bloomberg quoting people with knowledge of the matter.
Global Markets Update: Europe Shares Decline Along With U.S. Futures
Stocks in Europe and Asia fell along with American equity-index futures after the U.S. Senate passed legislation supporting Hong Kong protesters, drawing a rebuke from China and potentially complicating trade talks.
- The Stoxx Europe 600 Index dropped 0.6 percent.
- Futures on the S&P 500 Index decreased 0.3 percent.
- The U.K.‘s FTSE 100 Index sank 0.6 percent.
- The MSCI World Index of developed countries fell 0.2 percent.
- The MSCI Emerging Market Index declined 0.4 percent.
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Essel Group Stocks Advance; Dish TV Surges 15%, Zee Entertainment Up 5%
Shares of Essel Group companies advanced in today’s trade.
Shares of Zee Entertainment Enterprises rose as much as 4.9 percent to Rs 299.90, while shares of Dish TV rose as much as 15.3 percent to Rs 17.30.
Besides, shares of Zee Learn and Essel Propack rose as much as 9.4 percent and 5.1 percent respectively.
Telecom Shares Extend Rally, Vodafone Idea Surges 35%
Shares of Vodafone Idea and Bharti Airtel rose for the fourth consecutive trading session.
While the former advanced as much as 34.71 percent to Rs 8.15, Bharti Airtel rose sa much as 3.1 percent to Rs 452.95, the highest since Jan. 23, 2018.
The companies announced plans to increase tariffs from next month, days after the Supreme Court ordered India’s struggling telecom operators to pay pending dues worth thousands of crores. However, the telecom operators did not disclose the quantum of increase in tariffs.