Sensex, Nifty Register Best September In Six Years
Closing Bell: Sensex, Nifty Register Best September In Six Years
Indian equity indices halted their three-month losing streak.
The S&P BSE Sensex and the NSE Nifty 50 rallied over 3.5 percent and over 4 percent respectively this month, registering their best September gains since 2013.
Today, the 31-share index fell 0.4 percent to end at 38,667 and the 50-stock gauge declined 0.33 percent to 11,474.45. The broader markets represented by the NSE Nifty 500 Index declined 0.58 percent.
The market breadth was tilted in favour of sellers. About 1,311 stocks declined and 499 shares advanced on National Stock Exchange.
Nine out of 11 sectoral gauges compiled by NSE ended lower, led by the NSE Nifty PSU Bank Index’s 3.5 percent fall. On the flipside, the NSE Nifty IT Index was the top sectoral gainer, up 1.9 percent.
IndusInd Bank, Yes Bank Clarifies On Exposure To Indiabulls Housing Finance
IndusInd Bank Ltd. and Yes Bank Ltd. today clarified on the exposure to housing finance company—Indiabulls Housing Finance Ltd. without mentioning the company’s name.
Bharti Airtel Top performer On Sensex, Nifty; Shares Jump Nearly 7%
Shares of Bharti Airtel rose as much as 6.9 percent, the most in 10 days, to Rs 373 during the last 15 minutes of trade.
The stock is the top performer on Sensex and Nifty. Trading in the company's call options totalled 9,376 contracts, compared with the average of 3,139 over the past 20 days according to Bloomberg data. Trading in the company's put options totalled 3,543 contracts, compared with the average of 2,184 over the same period.
Large Trade Alert: Coal India, NTPC, ONGC
- Coal India: About 10.7 lakh shares changed hands in large trade.
- NTPC: About 14.6 lakh shares changed hands in a large trade.
- ONGC: Abut 17.2 lakh shares changed hands in a large trade.
Lupin Recovers After Announcing New Launch
Shares of Lupin recovered from day’s low to trade 0.52 percent lower at Rs 713.70. The stock had declined 2.1 percent intraday.
The company announced that launch of Sildenafil Tablets that had received an approval from the U.S. FDA earlier, according to its stock exchange filing.
The scrip traded at 26 times its estimated earnings per share for the coming year.
Money Market Update: Rupee Near Day’s Low
The Indian rupee, which pared opening gains in the early trade was trading near day’s low.
The home currency depreciated 0.21 percent to 70.71 against the greenback as of 2:56 p.m. The local legal tender had depreciated 0.29 percent intraday.