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Monday, November 29, 2021

Market Highlights: Sensex rises 145 points, Nifty ends at 18,125; ICICI Bank and Axis Bank top gainers

Share Market, Stock Market Highlights: The S&P BSE Sensex ended at 60,967.05, up 145.43 points (0.24 per cent), while the Nifty 50 settled at 18,125.40, up 10.50 points (0.06 per cent).

By: Express Web Desk | New Delhi |
Updated: October 25, 2021 6:20:06 pm
Bombay Stock Exchange building. (Express archive photo)

Share/Stock Highlights: The topline equity indices on the BSE and National Stock Exchange (NSE) snapped out of their four-session losing streak by ending marginally higher on Monday.

After a volatile session, the S&P BSE Sensex ended 145.43 points (0.24 per cent) higher at 60,967.05 while the Nifty 50 inched 10.50 points (0.06 per cent) to settle at 18,125.40.

The gains on the BSE benchmark were led by ICICI Bank, Axis Bank and State Bank of India (SBI). On the other hand, HDFC Bank, Reliance Industries (RIL) and Infosys were the top losers.

Among the sectoral indices on NSE, the Nifty Bank rose 2.15 per cent on Monday led by ICICI Bank, Axis Bank and Punjab National Bank. On the other hand, the Nifty Realty index fell 2.77 per cent dragged by Macrotech Developers and Sunteck Realty.

(with inputs from agencies)

Live Blog

Stocks, BSE Sensex, NSE Nifty, Crude oil prices, gold, silver prices, commodity market and money markets LIVE updates:

16:06 (IST)25 Oct 2021
MARKET QUOTE | Vinod Nair, Head of Research, Geojit Financial Services on Monday's market performance

"Market opened weak, however strong support from banking stocks helped to balance the bearish pressure and lifted the indices to trade on a flat note. Improved asset quality and business growth based on key Q2 earnings aided the banking sector to improve the outlook leading to outperformance. Global markets were steady in anticipation of robust quarter earnings in the backdrop of inflation fears and possible tightening of monetary policy in the next policies."

15:37 (IST)25 Oct 2021
Equity markets at close

The S&P BSE Sensex ended at 60,967.05, up 145.43 points or 0.24 per cent, while the Nifty 50 settled at 18,125.40, up 10.50 points or 0.06 per cent.

13:32 (IST)25 Oct 2021
Impartial audit essential for resilient economy: Shaktikanta Das

Reserve Bank Governor Shaktikanta Das said on Monday that fair and impartial auditing is essential for a resilient economy as it instils confidence among citizens.

Addressing officers at the National Academy of Audit and Accounts, Das said that audit is important for the country as public expenditure decisions are based on these reports. Click here to read

12:58 (IST)25 Oct 2021
ICICI Bank shares zoom over 14% after record high quarterly profit

Shares of ICICI Bank on Monday jumped over 14 per cent after the company reported its highest ever quarterly profit on standalone basis at Rs 5,511 crore for September quarter 2021-22.

The stock zoomed 12.36 per cent to its 52-week high of Rs 853 on BSE. On NSE, it jumped 14.18 per cent to its 52-week high of Rs 867. Click here to read

12:27 (IST)25 Oct 2021
Reliance Industries shares rise nearly 3% post Q2 results, erase gains and slip over 2% later

Shares of market heavyweight Reliance Industries (RIL) rose nearly 3 per cent in the opening deals on Monday after the company reported a sharp 46 per cent rise in consolidated net profit at Rs 15,479 crore for the September quarter (Q2) of the financial year 2021-22 (FY22). However, within a few minutes, the stock erased its gains and slipped over 2 per cent.

The stock of the oil-to-telecom behemoth fell as much as 2.17 per cent to Rs 2,570.10 apice on the BSE while on the National Stock Exchange (NSE), it fell 2.18 per cent to Rs 2,570.00 per share. Earlier in the day, it had jumped 2.74 per cent to Rs 2,699 on BSE while on NSE, it gained 2 per cent to Rs 2,680. Click here to read

10:59 (IST)25 Oct 2021
Petrol and diesel prices unchanged

After rallying for five consecutive days, prices of petrol and diesel were kept unchanged at their record highs on Monday, October 25, 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 107.59 per litre while that of diesel is at Rs 96.32. In Mumbai, petrol currently costs Rs 113.46, while diesel is retailing at Rs 104.38, data available on Indian Oil Corporation’s website showed. Click here to read

10:47 (IST)25 Oct 2021
Rupee slips 14 paise to 75.04 against US dollar in early trade

The Indian rupee depreciated 14 paise to 75.04 against the US dollar in opening trade on Monday, weighed down firm crude oil prices and a muted trend in domestic equities.

At the interbank foreign exchange, the rupee opened on a weak note at 74.98, then fell further to 75.04, registering a decline of 14 paise from the last close. On Friday, the rupee had closed at 74.90 against the US dollar.

(PTI)

09:56 (IST)25 Oct 2021
Global market update

Asian shares edged higher on Monday ahead of a week packed with major quarterly earnings announcements though news of trials of a property tax in China weighed on Hong Kong and mainland Chinese markets.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.26% while Japan's Nikkei lost 1% on softer earnings by several local companies.

Australian shares rose 0.47%, supported by miners, while South Korea was up 0.5%, though these gains were balanced by more muted moves in Greater China.

Chinese blue chips were flat, though an real estate index shed 3%, while the Hong Kong benchmark gained 0.18% despite a 2.6% fall in an index of Hong Kong listed mainland property firms.

(Reuters)

09:47 (IST)25 Oct 2021
Equity market at open

The S&P BSE Sensex rose 583.37 points (0.96 per cent) to 61,404.99 in the early deals while the Nifty 50 rose 126.50 points (0.70 per cent) to 18,241.40.

On Friday, the benchmark equity indices on the BSE and National Stock Exchange (NSE) continued their losing spree and ended lower for the fourth consecutive day weighed by IT major Infosys and FMCG major ITC.

The S&P BSE Sensex slipped 101.88 points (0.17 per cent) to end at 60,821.62 while the Nifty 50 fell 63.20 points (0.35 per cent) to settle at 18,114.90.

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