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Sensex, Nifty Gain For The Second Session Led By Metal, Auto Stocks

Catch all live updates on share prices, index moves, corporate announcements and more from Indian stock markets today.

<div class="paragraphs"><p>A statue of a bull is displayed at the Bombay Stock Exchange  building in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)</p></div>
A statue of a bull is displayed at the Bombay Stock Exchange building in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)
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Indian equity benchmarks closed higher for the second consecutive session, led by auto, metals and consumer durables stocks.

The S&P BSE Sensex index rose 0.63% to 61,350.26. The NSE Nifty 50 Index added nearly 0.8% to 18,268.40. Reliance Industries Ltd. contributed the most to the index gain, increasing 2.3%. Tata Motors Ltd. had the largest increase, rising 6.0%. Today, 39 of 50 shares rose, while 11 fell.

Sensex, Nifty Gain For The Second Session Led By Metal, Auto Stocks

The broader indexes outperformed their larger peers with both the S&P BSE MidCap index and the S&P BSE SmallCap indexes rising 2%. All the 19 sectoral indexes compiled by BSE Ltd. advanced, with the S&P BSE Realty index rising over 3.4% and SYP BSE Consumer durables & metal indexes added nearly 3%.

The market breadth was skewed in favour of bulls. About 2,227 stocks advanced, 1,048 declined and 144 remained unchanged.

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Sensex, Nifty Edge Higher; Auto Stocks Advance

Sensex, Nifty Gain For The Second Session Led By Metal, Auto Stocks

Reliance Jio-BP Joint Venture Launches Network Of Mobility Solutions

  • Reliance Industries Ltd. and BP Plc.'s fuel and mobility joint venture Reliance BP Mobility Ltd. launched its first Jio-BP branded mobility station at Navde near Mumbai.

  • In an exchange filing, Reliance said that the existing network of over 1,400 fuel pumps will be re-branded as Jio-BP.

  • Jio-BP mobility stations across the country will offer additivised fuel at no extra cost.

  • Jio-BP will also set up a network of EV charging stations and battery swap stations.

  • It will also offer a network of express oil change outlets in partnership with Castrol.

Source: RIL Statement

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Zee vs Invesco: Bombay High Court Grants An Injunction In Zee Entertainment's Favour

  • 'I have granted the injunction with no costs', said Bombay High Court bench of Justice Gautam Patel.

  • Zee had moved high court with a plea to declare Invesco's EGM requisition as 'illegal'.

Sensex, Nifty Gain For The Second Session Led By Metal, Auto Stocks

TCI Express Jumps Over 15% After Strong Q2

Shares of TCI Express Ltd. rose over 15% in intraday trade to a record Rs 1,895 apiece after the company reported strong growth in second quarter revenue and net income, on Friday.

ICICI Direct Research expected newer services like rail express and pharma cold chain to contribute 25% of revenue from the current 15%.

The brokerage said that automation of sorting centers would halve the laden time in moving the goods in and out as it bestowed TCI Express a 'buy' recommendation with a target price of Rs 1,950.

Of the 15 analysts tracking the company, 11 maintained 'buy', three maintained 'hold' and one maintained 'sell' recommendation. The overall consensus price of analysts tracked by Bloomberg implied a downside of 8%.

Trading volume on the stock was 21.3 times the 30-day average volume for this time of the day. The relative strength index on the stock was at 78, suggesting it may be overbought.

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