Sensex, Nifty Log The Biggest Single Day Gain In Over Two Weeks
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India's stock benchmarks advanced the most in over two weeks, aided by gains in metal, auto, banking and energy stocks, as markets shrugged off concerns over the possibility of a faster taper and the omicron covid-19 strain.
The S&P BSE Sensex rose over 1% to 57,684.79. The NSE Nifty 50 also advanced by similar magnitude to 17,166.90.
Reliance Industries Ltd. contributed the most to the index gain, increasing 2.6%. IndusInd Bank Ltd. had the largest increase, rising 5.7%. Today, 33 of 50 shares rose, while 17 fell.
The S&P BSE MidCap almost mirrored its broader peers with 1% rise while S&P BSE SmallCap index underperformed, with gains over 0.3%. Sixteen of the 19 sectoral indices compiled by BSE advanced with S&P BSE Metal index and S&P BSE Energy index leading the gains.
The market breadth was skewed in favour of bulls. About 1,914 stocks advanced, 1,337 declined and 141 remained unchanged.
"Given oversold conditions and seasonality associated with FII flows in December, there is a likelihood of near-term bottom formation. Nevertheless, any break of averages on these major sectors would herald a fresh wave to the downside, and Nifty has next major technical support at 16,200, should that situation materialize", S Hariharan, Head- Sales Trading, Emkay Global Financial Services wrote in a note and added that "PSU Banks and IT sectors are relatively stronger sectors, while Metals sector is close to major trendline support and might offer entry opportunities.”
Tata Power Jumps Over 4% After Bagging India's Largest Solar & Battery Storage Project Worth Rs 945 Crore
Shares of Tata Power Co Ltd. rose 4.45% in intraday trade to Rs 226.45 apiece after it received an LoA from Solar Energy Corporation of Inmdia Ltd. to build 100 MW EPC Solar Project. The total contract value of the project is approximately Rs 945 crore. The project will be executed within 18 months.
Of the 25 analysts tracking the company, 11 maintained 'buy', seven maintained 'hold' and seven maintained 'sell' recommendations. The overall consensus price of analysts tracked by Bloomberg implied a downside of 11.4%.
Sapphire Foods Opens 500th Store; Expects To Double Store Base In Next 3-4 Years
Shares of Sapphire Foods India Ltd. rose 2.81% in intraday trade to Rs 1,049 apiece after the company announced the opening of its 500th store in KFC Dindigul, Tamil Nadu. The company's group CEO Sanjay Purohit announced plans to double store count in the next 3-4 years.
Sapphire Foods also witnessed healthy recovery in Dine In sales, resulting in robust same store sales growth in the last two months.
The company is scheduled to announce its earnings on Friday.
Maruti Suzuki's Total Sales Rise 0.61% MoM In November
October : 1,38,335
November : 1,39,184
Rise : 0.61%
Source: Exchange Filing
India Delays Resumption Of International Passenger Flights Amid Concerns Over Omicron Covid-19 Variant
India reviewing resumption of international passenger flights. Earlier the resumption of international passenger flights was planned from December 15.
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Delhi Government Cuts Tax On Gasoline To Match Prices With Neighbouring Cities
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Go Fashion India Shares Erase Morning Losses & Log Gains Over 5.5%
Mahindra & Mahindra November Passenger Vehicle Sales Up 6.8% YoY
European Markets Open Higher Shrugging Off Concerns Over Omicron Covid-19 Strain
Tata Motors’ Domestic Passenger Vehicle Sales Fall 12.22% In November
Mid-Day Market Update: Sensex, Nifty Up 1%; Reliance Leads Advance
PB Fintech Has 1.98 Million Shares Change Hands In A Bunched Trade
Asian Paints Has 1.13 Million Shares Change Hands In Bunched Trade
VECV (Volvo Eicher Commercial Vehicles) Sales Fall 33.8% in November
TVS Motor Registers Sales Of 2,72,693 Units In November 2021
Swiggy Said To Near $700 Million Fundraise In Invesco-Led Round, Reports Bloomberg
Gross GST Revenue Collected In November At Rs 1,31,526 Crore
Maruti Suzuki: Total Vehicle Production Volume Across Haryana & Gujarat Could Be Around 80-85% Of Normal Levels
Fertiliser Companies Surge On Report Hinting At Possible Increase In Subsidies
S&P BSE Energy Index Up Nearly 1.4%; RIL Leads Advance
NSE Nifty Pharma Index Down 1%
Chief Economic Adviser KV Subramanian: Federal Reserve Monetary Policy Tightening May Not Prompt RBI To Follow Suit
Banks To Reach Anchor Investors For LIC IPO After Paytm Debut, reports Bloomberg
Supreme Court Directs Completing Amtek Sale To DVI In Four Weeks
Star Health IPO Subscription Status: Day 2 Live Updates
India Short End Cheaper
Steel Strips Wheels Jumps After Posting 83% YoY Growth In Net Sales Growth November
Tega Industries IPO Subscription Status: Day 1 Live Updates
Rupee Surges Against The U.S. Dollar
UltraTech Cement Commences Coal Mining From Bicharpur Coal Mines In Madhya Pradesh; Shares Rise
India Manufacturing PMI At A 10-Month High
Nykaa Gains As HSBC Initiates Coverage With 'Buy' Rating
Ashoka Buildcon's Subsidiary To Acquire 49% Stake In Ashoka Highways (Durg)
Rail Vikas Nigam Enters Into MoU With Kyrgyszstan Government; Shares Rise
NSE Nifty IT Index Up Over 1.3%; Mphasis, Tech Mahindra Advance
Go Fashion Slips After Strong Market Debut
NTPC Subsidiary's Nabinagar Thermal Power Project Unit Commences Commercial Operation
Coal India To Infuse Rs 19,650 Crore To Strengthen Railway Infrastructure; Shares Advance
NSE Nifty Metal Index Up Over 1%
Eicher Motors Leads The Gains In NSE Nifty Auto Index
Analyst Actions: Metropolis Health, Dr Lal Pathlabs
Rupee Bond Traders Await Rs 20,000 Crore Rupee T-Bill Auction
Zen Technologies Reports Fire Incident At Demonstration Centre In Telangana; Operations Expected To Resume Within A Couple Of Days
Escorts Total Sales Fall 47.3% In November
Sensex, Nifty Open Higher; HDFC Leads Advance
Bajaj Auto November Sales Down 10% YoY
RateGain Travel Sets Rs 405-425 Per Share Price Band For India IPO
Too Early To Conclude Federal Reserve Chair Jerome Powell Is Going Hawkish: Analyst At Invesco Asset Management
Analyst Actions: Deepak Nitrite, Ipca Laboratories, FSN E-Commerce Ventures
November 2021: Nifty's Worst Month Since March 2020
Federal Reserve Chair Powell: Officials Should Weigh Removing Pandemic Support At A Faster Pace
GDP Grew At 8.4% In July-September 2021 Quarter Aided By Easing Of Covid-19 Restrictions, Low Base, Vaccination
Analyst Actions: Honeywell Automation, Zomato, Asian Paints
SGX Nifty Hints At Opening Gains; Maruti Suzuki, UltraTech Cement, Tega Industries In Focus
- Gross GST Revenue Collected In November At Rs 1,31,526 Crore
- Maruti Suzuki: Total Vehicle Production Volume Across Haryana & Gujarat Could Be Around 80-85% Of Normal Levels
- Star Health IPO Subscription Status: Day 2 Live Updates
- Tega Industries IPO Subscription Status: Day 1 Live Updates
- India Manufacturing PMI At A 10-Month High