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Monday, November 29, 2021

Market Highlights: Indices settle at fresh highs; Sensex surges 460 points, Nifty ends at 18,477

Share Market, Stock Market Highlights: The S&P BSE Sensex ended at a fresh lifetime high of 61,765.59, up 459.64 points (0.75 per cent), while the Nifty 50 settled at an all-time high of 18,477.05, up 138.50 points (0.76 per cent).

By: Express Web Desk | New Delhi |
Updated: October 18, 2021 5:51:13 pm
Bombay Stock Exchange building. (Express archive photo)

Share/Stock Highlights: The benchmark equity indices on the BSE and National Stock Exchange (NSE) climbed around 0.75 per cent to settle at fresh record highs on Monday lead by gains in metals, information technology and banking stocks.

The S&P BSE Sensex rose 459.64 points (0.75 per cent) to end at a fresh lifetime high of 61,765.59 while the Nifty 50 climbed 138.50 points (0.76 per cent) to settle at a new all-time high of 18,477.05. Earlier in the day, The Sensex surged to a new intraday high of 61,963.07 while the broader Nifty edged past the 18,500-mark for the first time ever hitting a fresh intraday high of 18,543.15.

Infosys was the top contributor to the BSE benchmark on Monday. It was followed by ICICI Bank, ITC, Tata Consultancy Services (TCS) and Axis Bank. On the other hand, HDFC Bank, HCL Technologies, Asian Paints, Mahindra & Mahindra and Bharti Airtel were the top laggards.

Among sectoral indices on NSE, the Nifty PSU Bank surged 3.98 per cent led by Union Bank of India, Punjab National Bank (PNB) and Bank of Baroda. The Nifty Metal index rose 3.89 per cent aided by a sharp rally in Vedanta, National Aluminium Company, Hindustan Copper and Hindustan Zinc. The Nifty IT index too rose 1.57 per cent driven by gains in Infy and Tech Mahindra.

(with inputs from agencies)

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16:13 (IST)18 Oct 2021
MARKET QUOTE | Vinod Nair, Head of Research, Geojit Financial Services on Monday's market performance

"The domestic market traded at record highs withstanding the weak trends in the global market due to disappointing Chinese GDP numbers and global inflationary pressure as a result of energy shortage. Chinese GDP grew by just 4.9% during the July-September quarter owing to lower than expected growth in industrial activity.  However, the trend in the Indian market was bullish as PSU Banks, Metals, IT and Energy stocks took charge of the rally"

15:42 (IST)18 Oct 2021
Equity markets at close

The S&P BSE Sensex ended at 61,765.59, up 459.64 points or 0.75 per cent, while the Nifty 50 settled at 18,477.05, up 138.50 points or 0.76 per cent.

15:07 (IST)18 Oct 2021
Avenue Supermarts shares jump nearly 11% as Q2 profit rises two-fold

Shares of Avenue Supermarts on Monday jumped nearly 11 per cent after the company reported a two-fold increase in its consolidated net profit for the second quarter ended September 2021.

The stock zoomed 10.69 per cent to its 52-week high of Rs 5,899.90 on BSE. On NSE, it rallied 10.82 per cent to its 52-week high of Rs 5,900. Click here to read

14:07 (IST)18 Oct 2021
PNB Housing Finance shares hit lower circuit of 5%

Shares of PNB Housing Finance on Monday dived 5 per cent to their lower circuit limit after the company said it has aborted the Rs 4,000 crore-share sale plan to US-based private equity firm Carlyle Group and others.

The stock tumbled 5 per cent to its lower circuit limit of Rs 607.10 on BSE. On NSE, it declined 4.99 per cent to its lower circuit of Rs 606.75. Click here to read

13:36 (IST)18 Oct 2021
Tata Punch launched at Rs 5.49 lakh onwards

Tata Motors on Monday launched its much-awaited sub-compact SUV – Tata Punch at a starting price of Rs 5.49 lakh (ex-showroom Delhi).

The new mini SUV is India’s first sub-compact SUV. It is the recipient of the Global NCAP 5-star rating (16.453) for adult occupant protection and 4-star rating (40.891) for child occupant protection, the automaker said in a statement. Click here to read

11:55 (IST)18 Oct 2021
Petrol and diesel prices unchanged

After registering a rise for four consecutive days, prices of petrol and diesel were kept unchanged at their record highs on Monday, October 18, 2021. On Sunday, petrol and diesel rates were hiked by 35 paise per litre each in the national capital.

The price of petrol in Delhi stands at Rs 105.84 per litre while that of diesel is at Rs 94.57. In Mumbai, petrol currently costs Rs 111.77, while diesel is retailing at Rs 102.52, data available on Indian Oil Corporation’s website showed. Click here to find out fuel rates in your city

11:15 (IST)18 Oct 2021
Rupee trades almost flat at 75.28 against USD in opening deals

The Indian rupee was trading marginally lower by 2 paise at 75.28 against the US dollar in early trade on Monday, tracking stronger greenback against key rivals overseas.

At the interbank forex market, the local unit opened on a steady note and traded cautiously between a high of 75.26 and a low of 75.29 against the American currency.


10:14 (IST)18 Oct 2021
Global market update

Mainland Chinese and Hong Kong equity markets fell on Monday after data showed China's economy grew more slowly than expected in the third quarter, weighing on regional stocks, athough losses were capped by hopes of support from policymakers.

Oil prices, meanwhile, hit new multi-year peaks, continuing their recent surge amid a global energy shortage, with U.S. crude at a fresh seven-year high and Brent at a three-year high.

Chinese blue chips were down 1.53% and the Hong Kong benchmark lost 0.56%, although most of the falls came right after the bell, prior to the release of the data.

The weaker-than expected data weighed on regional benchmarks. MSCI's broadest index of Asia-Pacific shares outside Japan was last down 0.2%, while Japan's Nikkei lost 0.3%. U.S. stock futures, the S&P 500 e-minis , were steady.


09:59 (IST)18 Oct 2021
Equity markets at open

Sensex rallies 511.37 points to hit new all-time high of 61,817.32 in opening session; Nifty jumps 130.20 points to record 18,468.75.


Markets were closed on Friday for Dussehra. On Thursday, the benchmark indices Sensex and Nifty had raced to fresh record highs by notching their sixth straight session of gains as participants cheered improving macroeconomic data and positive global cues.

Going past the 61,000-mark for the first time ever, the BSE Sensex soared 568.90 points or 0.94 per cent to finish at a new closing peak of 61,305.95. The index also marked its fresh intraday record of 61,353.25 during the day's trade.

Similarly, the NSE Nifty surged 176.80 points or 0.97 per cent to a new lifetime closing high of 18,338.55. Intraday, the gauge touched a new record of 18,350.25 before easing some gains towards the fag-end of the session.

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