Sensex Extends Record Run; Nifty Ends Above 12,000
A trader monitors financial data inside the Frankfurt Stock Exchange, operated by Deutsche Boerse AG, in Frankfurt, Germany. (Photographer: Alex Kraus/Bloomberg)

Sensex Extends Record Run; Nifty Ends Above 12,000

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Closing Bell: Sensex Extends Record Run; Nifty Ends Above 12,000 For The First Time In Four Months

Indian equity benchmark—S&P BSE Sensex—ended at a fresh record high.

The 31-stock index rose 0.45 percent to close at a new all-time high at 40,653.74. The NSE Nifty 50 rose 0.42 percent to end above 12,000 for the first time in over four months. The broader markets represented by the NSE Nifty 500 Index rose 0.44 percent.

The market breadth was tilted in favour of buyers. About 943 stocks advanced and 845 shares declined on National Stock Exchange.

Nine out of 11 sectoral gauges compiled by NSE ended higher, led by the NSE Nifty Metal Index’s 1.09 percent gain. On the flipside, the NSE Nifty PSU Bank index was the top sectoral loser, down 1.5 percent.

Large Trade Alert: Aditya Birla Capital

About 21 lakh shares of Aditya Birla Capital changed hands in a large trade, Bloomberg data showed. Buyers and sellers were not known immediately.

Fab Four Stocks Of The Day

IPCA Laboratories

  • Stock rose as much as 9.3 percent to Rs 1,105
  • Strong operational quarter aided by exports
  • Revenue up 26.9 percent to Rs 1,283.9 crore.
  • Net profit up 63.3 percent to Rs 193.5 crore.
  • Ebitda up 52.4 percent to Rs 265.8 crore.
  • Margin at 20.7 percent versus 17.2 percent.
  • India Formulations up income up 16 percent to Rs 5,433 crore.
  • Exports up 27 percent to Rs 588 crore.

UCO Bank

  • Stock rose as much as 12.7 percent to Rs 15.50.
  • Asset quality improves in September quarter.
  • Net interest income up 16.6 percent to Rs 1,020 crore.
  • GNPA at 21.87 percent versus 24.85 percent (QoQ)
  • NNPA at 7.32 percent versus 8.98 percent (QoQ)

NBCC

  • Shares of NBCC rose as much as 19.3 percent, the most in over five years, to Rs 45.80.
  • The Union Cabinet has approved setting up a dedicated fund for funding affordable and middle-income housing projects that are stalled, Finance Minister Nirmala Sitharaman said.

Max Financial Services

  • Fresh longs seen with high OI 67 percent
  • Stock rose as much as 8.8 percent to Rs 477.45.
  • Trading volume was almost 11 times its 20-day average.

UPL Falls 4% After Q2 Results Announcement

Shares of UPL fell as much as 3.9 percent to Rs 582.85 after the company announced September quarter results.

Key Earnings Highlights (Q2, YoY)

  • Revenue up 84 percent to Rs 7,817 crore.
  • Net profit down 67 percent to Rs 89 crore.
  • Ebitda up 83 percent to Rs 1,539 crore.
  • Margin flat at 19.7 percent.
  • Exceptional loss of Rs 305 crore in the current quarter.

Sun Pharma Gains 3% On Q2 Results

Shares of Sun Pharma rose as much as 3.3 percent to Rs 441.85 after the company announced September quarter results.

Key Earnings Highlights (Q2, YoY)

  • Revenue up 17.1 percent to Rs 8123.4 crore.
  • Net profit at Rs 1167.4 crore versus net loss of Rs 157.8 crore.
  • Ebitda up 16.7 percent to Rs 1789.8 crore.
  • Margin at 22 percent versus 22.1 percent.

Stocks Moving On Heavy Volumes

Max Financial Services

  • Stock rose as much as 8.8 percent to Rs 477.45.
  • Trading volume was almost 11 times its 20-day average.

UCO Bank

  • Stock rose as much as 12.7 percent to Rs 15.50.
  • Trading volume was more than 11 times its 20-day average.

JM Financial

  • Stock rose as much as 10.8 percent to Rs 90.80.
  • Trading volume was seven times its 20-day average.

BASF India

  • Stock fell as much as 3.3 percent to Rs 971.
  • Trading volume was five times its 20-day average.

Avanti Feeds

  • Stock rose as much as 9.7 percent to Rs 535.
  • Trading volume was more than seven times its 20-day average.
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