Sensex, Nifty Log Most Gains In Six Weeks To Close At Record
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India’s equity benchmarks logged the most weekly gains since the week-ended September 3 to close at record, aided by gains in banking, information technology, metal, power and realty stocks. This is the sixth consecutive session in which the benchmarks have advanced. Markets will be shut on Friday due to holiday.
The S&P BSE Sensex index rose 0.94% to 61.305.95, a record close for the 30-stock index. The 30-stock index hit a record 61,353.25 in intraday trade. The NSE Nifty 50 Index also advanced by a similar magnitude to close at 18,338.55, a record close for the index. The 50-stock gauge hit a record 18,350.75 in intraday trade. HDFC Bank Ltd. contributed the most to the index gain, increasing 2.9%. Adani Ports & Special Economic Zone Ltd. had the largest increase, rising 7.1%. Today, 35 of 50 shares rose, while 15 fell.
The broader indexes underperformed their broader peers with the S&P BSE MidCap index and the S&P BSE SmallCap rising nearly 0.5%. Barring S&P BSE Auto index, all the other 18 sectoral indexes compiled by BSE Ltd. advanced, with the S&P BSE Bankex index gaining nearly 1.7%.
The market breadth was skewed in favour of bulls. About 1,719 stocks advanced, 1,637 declined and 142 remained unchanged.
Sensex, Nifty Set To Close At Record
India Sells Rs 24,000 Crore Bonds As Planned: RBI
India sold Rs 24,000 crore ($3.2b) of bonds at a weekly auction as planned, the Reserve Bank of India said in a statement.
India sold Rs 13,000 crore of 6.1% 2031 bonds at a cutoff yield of 6.3322% vs. 6.33% est.
Sold Rs 7,000 crore of 6.76% 2061 bonds at a cutoff yield of 7.1481% vs. 7.16% est.
Amber Enterprises Rises For The Seventh Day; RSI Above 70
Shares of Amber Enterprises India Pvt Ltd. rose for the seventh straight day, on track for the longest winning streak since the period ended January 29, 2020.
Amber Enterprises has gained a total of 9.3% during the streak while the Sensex Index increased 2.4%. Today, the stock rose 0.5 percent to 3,697 rupees.
The relative strength index on the stock was 80, suggesting it may be overbought.
GTPL Hathway Shares Slip After Reporting Sequential Decline In Net Profit In Q2
Shares of GTPL Hathway Ltd. shed 3.26% in intraday trade to Rs 291.25 apiece, after the company reported sequential decline in net profit in the quarter ended September
Second Quarter Numbers (Consolidated, QoQ)
Net profit at Rs 43 crore vs Rs 47.5 crore QoQ
Total income at Rs 605.2 crore vs 610.6 crore QoQ
Total costs at Rs 460.5 crore vs Rs 472.6 crore QoQ
EBITDA at Rs 144.8 crore vs Rs 138 crore QoQ