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Friday, October 15, 2021

Market Highlights: Indices end flat, Sensex rises 29 pts; Autos gain, IT stocks crack

Share Market, Stock Market Highlights: The S&P BSE Sensex ended at a fresh lifetime high of 60,077.88, up 29.41 points (0.05 per cent), while the Nifty 50 settled at an all-time high of 17,855.10, up 1.90 points (0.01 per cent).

By: Express Web Desk | New Delhi |
Updated: September 27, 2021 6:04:05 pm
BSE (Express Photo by Amit Chakravarty)

Share/Stock Highlights: The benchmark equity indices on the BSE and National Stock Exchange (NSE) ended flat with mild gains on Monday.

The S&P BSE Sensex rose 29.41 points (0.05 per cent) to end at a record closing high of 60,077.88, while the Nifty 50 ended at an all-time high of 17,855.10, up 1.90 points (0.01 per cent). Earlier in the day, the BSE benchmark had hit a fresh record intraday high of 60,412.32, while the broader Nifty had touched an intraday high of 17,943.50 just shy of its record peak of 17,947.65.

On the Sensex pack, Maruti Suzuki India, Mahindra & Mahindra (M&M), Bajaj Auto, NTPC, Reliance Industries (RIL) and HDFC Bank were the top gainers of the day. On the other side, HCL Technologies, Tech Mahindra, Bajaj Finserv, Infosys, Larsen & Toubro (L&T) and Nestle India were the biggest laggards.

Among the sectoral indices on NSE, the Nifty Auto surged 3.22 per cent driven by Maruti, M&M and Tata Motors. Nifty Realty too climbed 2.99 per cent led by Prestige Estates Projects and The Phoenix Mills. On the other hand, the Nifty IT index crashed 2.88 per cent dragged by MindTree and HCL Tech.

In the broader market, S&P BSE MidCap index ended at 25,195.83, up 0.99 points (0.00 per cent) while the S&P BSE SmallCap settled at 27,988.19, down 35.15 points (0.13 per cent).

(with inputs from agencies)

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16:05 (IST)27 Sep 2021
Rupee ends 15 paise lower at 73.83 against US dollar

The rupee weakened by 15 paise to close at 73.83 (provisional) against the US dollar on Monday as a stronger greenback against key rivals and rising crude oil prices weighed on investor sentiment.

Besides, multiple bouts of volatility on domestic equities front and mixed cues from global financial markets brought the rupee more under pressure, analysts observed.

At the interbank foreign exchange market, the rupee opened on a weak note at 73.70 and slid to the day's lowest level at 73.84 a dollar towards the fag-end of the session. For a brief period, it ventured into positive territory and touched a high of 73.60.

The domestic unit finally settled the day at 73.83 a dollar, showing a drop of 15 paise over its previous close. On Friday, the currency had closed 4 paise down at 73.68 against the US dollar.


15:37 (IST)27 Sep 2021
Equity markets at close

The S&P BSE Sensex ended at 60,077.88, up 29.41 points or 0.05 per cent, while the Nifty 50 settled at 17,855.10, up 1.90 points or 0.01 per cent.

15:00 (IST)27 Sep 2021
Paras Defence IPO share allotment status: How to check your shares online

The initial public offering (IPO) of Paras Defence and Space Technologies was subscribed a whopping 304.26 times over the 71.40 lakh shares that were on offer during the subscription period from September 21-23, 2021. The price band was fixed at Rs 165-175 per share.

Investors are now looking forward to the share allotment date of the Paras Defence IPO. The company is supposed to finalise the allotment by Tuesday, September 28, 2021, as per the timeline provided in the red herring prospectus (RHP). In case you have applied for the Paras Defence IPO, then here is how you can check the status of your allotment when it gets declared

13:29 (IST)27 Sep 2021
INOX Leisure, PVR shares zoom on Maharashtra cinema reopening announcement

Shares of multiplex operators on Monday were in heavy demand, with INOX Leisure jumping up to 18 per cent after the announcement that cinema halls in Maharashtra will be permitted to operate from October 22.

Shares of INOX Leisure zoomed 17.83 per cent to their one-year high of Rs 412.20 on BSE. PVR gained 9.99 per cent to its 52-week high of Rs 1,662.20. Click here to read

11:07 (IST)27 Sep 2021
Diesel hiked for the second straight day, Petrol unchanged

Prices of diesel were hiked for the second consecutive day on Monday, September 27, while petrol prices continued to remain steady.

In the national capital, diesel rose 25 paise per litre on Monday. Sunday, it was hiked by 25 paise after remaining unchanged on Saturday.

Following the latest price revision, petrol in Delhi is retailing at Rs 101.19 a litre while diesel is now selling at Rs 89.32. In the financial capital Mumbai, petrol price stands at Rs 107.26 while diesel now costs Rs 96.94, data available on Indian Oil Corporation’s website showed. Click here to read

10:49 (IST)27 Sep 2021
Rupee slips 5 paise to 73.73 against US dollar in early trade

The Indian rupee edged lower by 5 paise to trade at 73.73 against the US dollar in opening deals on Monday due to fresh demands for dollar from banks and importers.

Though, a sustained bull run in the domestic equity market and dollar's weakness against key rivals overseas lent some support to the rupee and checked its further fall, analysts said.

At the interbank foreign exchange, the rupee opened on a weak note at 73.70 and slid further to 73.73 as the trade progressed, logging a loss of 5 paise against the greenback over its previous close. On Friday, the Indian currency had closed 4 paise down at 73.68 against the US dollar.


09:55 (IST)27 Sep 2021
Global market update

Asian shares crept higher on Monday as risk sentiment turned for the better, though a surge in oil prices to three-year highs could inflame inflation fears and aggravate the recent hawkish turn by some major central banks.

MSCI's broadest index of Asia-Pacific shares outside Japan firmed 0.5%, though that followed three consecutive weeks of losses.

Japan's Nikkei gained 0.4% on hopes for further fiscal stimulus once a new prime minister is chosen. Japan will hold a Liberal Democratic Party leadership race on Sept. 29, and the winner is assured of becoming the country's next prime minister because of the party's parliamentary majority.Nasdaq futures rose 0.4%, and S&P 500 futures 0.5%.

Chinese blue chips gained 1.1% as the country's central bank pumped more money into the financial system and investors dared to hope Beijing would limit the fallout from the troubled China Evergrande Group.


09:52 (IST)27 Sep 2021
Equity markets at open

Sensex jumps 221.27 points to 60,269.74 in opening session; Nifty rises 69.90 points to 17,923.10.


On Friday, the topline equity indices on the BSE and National Stock Exchange (NSE) had ended with marginal gains to settle at fresh new peaks.

The S&P BSE Sensex rose 163.11 points (0.27 per cent) to end at a record-closing high of 60,048.47. Earlier in the day, the BSE benchmark had surged 447.64 points (0.75 per cent) to breach the 60,000-mark for the very first time and hit a fresh record intraday high of 60,333.00.

Likewise, the Nifty 50 climbed 30.25 points (0.17 per cent) to end at an all-time high of 17,853.20. The NSE barometer had earlier breached the 17,900-mark for the first time ever to touch a record high of 17,947.65.

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