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Monday, December 06, 2021

Market Highlights: Sensex surges 832 points to settle above 60,000 led by Infosys, HDFC twins and TCS

Share Market, Stock Market Highlights: The S&P BSE Sensex ended at 60,138.46, up 831.53 points (1.40 per cent), while the Nifty 50 settled at 17,929.65, up 258.00 points (1.46 per cent).

By: Express Web Desk | New Delhi |
Updated: November 1, 2021 5:55:49 pm
BSE in Mumbai. (Express photo by Ganesh Shirsekar)

Share/Stock Highlights: The benchmark equity indices on the BSE and National Stock Exchange (NSE) snapped out of their three-day losing streak and ended nearly 1.5 per cent higher on Monday aided by gains in heavyweights Infosys, HDFC twins and Tata Consultancy Services (TCS) amid a largely positive trend in global markets.

The S&P BSE Sensex rallied 831.53 points (1.40 per cent) to settle above the 60,000 level mark at 60,138.46 while the Nifty 50 surged 258.00 points (1.46 per cent) to end at 17,929.65.

IndusInd Bank was the top gainer on the Sensex, climbing over 7 per cent, followed by Bharti Airtel, HCL Tech, Tata Steel, Tech Mahindra and Dr. Reddy’s Laboratories. On the other hand, Mahindra & Mahindra (M&M), Bajaj Finserv, Nestle India and Reliance Industries (RIL) were the laggards.

Among sectoral indices on NSE, the Nifty Realty index surged 4.03 per cent led by Macrotech Developers, Indiabulls Real Estate and Sobha. The Nifty Metal index too climbed 3.06 per cent aided by Steel Authority of India. The Nifty IT index rallied 2.56 per cent following gains in shares of MindTree and Coforge.

(with inputs from agencies)

Live Blog

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

17:29 (IST)01 Nov 2021
Sigachi Industries IPO update: End of Day 1

Sigachi Industries IPO: At the end of Day 1, the IPO of Sigachi Industries has been subscribed 9.52 times.

Details:

Qualified Institutional Buyers (QIBs) subscribed 0.57 times

Non Institutional Investors subscribed 4.44 times

Retail Individual Investors (RIIs) subscribed 16.81 times

Total subscribed 9.52 times

Source: BSE

17:27 (IST)01 Nov 2021
SJS Enterprises IPO update: End of Day 1

SJS Enterprises IPO: At the end of Day 1, the IPO of SJS Enterprises has been subscribed 0.32 times.

Details:

Qualified Institutional Buyers (QIBs) subscribed 0.00 times

Non Institutional Investors subscribed 0.01 times

Retail Individual Investors (RIIs) subscribed 0.64 times

Total subscribed 0.32 times

Source: BSE

17:25 (IST)01 Nov 2021
Policybazaar IPO update: End of Day 1

Policybazaar IPO: At the end of Day 1, the IPO of PB Fintech, the operator of online insurance aggregator Policybazaar and credit comparison portal Paisabazaar, has been subscribed 0.54 times.

Details:

Qualified Institutional Buyers (QIBs) subscribed 0.56 times

Non Institutional Investors subscribed 0.06 times

Retail Individual Investors (RIIs) subscribed 1.18 times

Total subscribed 0.54 times

Source: BSE

17:22 (IST)01 Nov 2021
Fino Payments Bank IPO update: End of Day 2

Fino Payments Bank IPO: At the end of Day 2, the IPO of Fino Payments Bank has been subscribed 0.87 times.

Details:

Qualified Institutional Buyers (QIBs) subscribed 0.00 times

Non Institutional Investors subscribed 0.10 times

Retail Individual Investors (RIIs) subscribed 4.65 times

Employee reserved subscribed 0.56 times

Total subscribed 0.87 times

Source: BSE

17:20 (IST)01 Nov 2021
Nykaa IPO update: End of Day 3 - Final day

Nykaa IPO: At the end of Day 3, the IPO of FSN E-Commerce Ventures, which operates online beauty e-commerce platform Nykaa, has been subscribed 81.78 times.

Details:

Qualified Institutional Buyers (QIBs) subscribed 91.18 times

Non Institutional Investors subscribed 112.02 times

Retail Individual Investors (RIIs) subscribed 12.24 times

Employee reserved subscribed 1.88 times

Total subscribed 81.78 times

Source: BSE

16:08 (IST)01 Nov 2021
MARKET QUOTE | Vinod Nair, Head of Research, Geojit Financial Services on Monday's market rally

"Domestic indices bounced back on a positive footing from the recent sell-off, due to strong momentum in global markets, favourable domestic economic data and good Q2 results announcement. India’s manufacturing PMI increased to 55.9 in October from 53.7 in September as output and new orders improved amid easing Covid restrictions. The sustenance of the trend will depend on the views provided by Fed regarding the current easy money policy to be announced on Wednesday."

16:01 (IST)01 Nov 2021
SJS Enterprises IPO: Everything you need to know

The initial public offering (IPO) of SJS Enterprises has opened for subscription on Monday, November 1, 2021, at a price band of Rs 531-542 per share. The offer will be available till Wednesday, November 3, 2021.

Through the offer, SJS Enterprises aims to raise Rs 800 crore. The IPO is entirely an offer for sale (OFS) of shares worth Rs 710 crore by Evergraph Holdings Pte Ltd and shares to the tune of Rs 90 crore by KA Joseph. Click here to read

16:00 (IST)01 Nov 2021
Equity markets at close

The S&P BSE Sensex ended at 60,138.46, up 831.53 points or 1.40 per cent, while the Nifty 50 settled at 17,929.65, up 258.00 points or 1.46 per cent.

15:05 (IST)01 Nov 2021
GST collection surges to Rs 1.30 lakh crore in October

Goods and Services Tax (GST) collection remained above Rs 1 lakh crore for the fourth month in a row at over Rs 1.30 lakh crore in October, indicating the impact of festive buying.

This is the second highest collection of GST since its implementation on July 1, 2017. Click here to read

13:27 (IST)01 Nov 2021
Policybazaar IPO: Everything you need to know

The initial public offering (IPO) of PB Fintech, the operator of online insurance aggregator Policybazaar and credit comparison portal Paisabazaar, has opened for subscription on Monday, November 1, 2021, at a price band of Rs 940-980 per share. The offer will be available till Wednesday, November 3, 2021.

Through the offer, PB Fintech aims to raise Rs 5,710 crore. The IPO comprises a fresh issue of equity shares worth Rs 3,750 crore and an offer for sale (OFS) of Rs 1,960 crore by existing shareholders. Click here to read

12:16 (IST)01 Nov 2021
LPG price for commercial cylinders hiked by Rs 266

The price of liquefied petroleum gas (LPG) used in commercial cylinders has been raised by Rs 266 per cylinder by India’s key oil marketing companies (OMCs) on Monday, news agency ANI reported.

Following the hike, the price of the 19-kg commercial cylinder will now cost Rs 2,000.50 in Delhi, up from Rs 1,734 earlier, the report said adding that there’s no increase in domestic LPG cylinders. Click here to read

10:50 (IST)01 Nov 2021
Petrol and diesel price hiked

Prices of petrol and diesel touched new record highs after they were hiked for the sixth consecutive day across the country on Monday, November 1, 2021. In the national capital, both petrol and diesel prices were risen by 35 paise each.

Following the latest price revision, petrol in Delhi is now retailing at Rs 109.69 a litre while diesel is selling at Rs 98.42. In the financial capital Mumbai, petrol price now stands at Rs 115.50 while diesel costs Rs 106.62, data available on Indian Oil Corporation’s website showed. Click here to find out fuel prices in your city

10:45 (IST)01 Nov 2021
Rupee slips 16 paise to 75.04 against US dollar in early trade

The Indian rupee depreciated by 16 paise to 75.04 against the US dollar in opening trade on Monday, weighed down by the strength of the American currency in the overseas market.

At the interbank foreign exchange, the rupee opened on a weak note at 75, then fell further to 75.04, registering a decline of 16 paise from the last close. On Friday, the rupee had closed at 74.88 against the US dollar.

(PTI)

09:56 (IST)01 Nov 2021
Global market update

Stocks edged higher on Monday, led by a post-election jump in Japan's Nikkei, though bonds wobbled and the dollar firmed as traders braced for central bank meetings in Britain, Australia and the United States to define the rates policy outlook.

Japan's Nikkei rose 2.3% to a one-month high after Prime Minister Fumio Kishida's Liberal Democratic Party did better than expected at Sunday's election, with exit polls showing the party easily retaining a majority.

Trade elsewhere was more muted, with MSCI's index of Asia-Pacific shares outside Japan up marginally. Weekend data showing a sharper-than-expected contraction of Chinese factory activity weighed on the mood. S&P 500 futures rose 0.3%.

(Reuters)

09:50 (IST)01 Nov 2021
Equity market at open

Sensex jumps 506.20 pts to 59,813.13 in opening session; Nifty surges 158.40 pts to 17,830.05.

(PTI)

On Friday, the frontline equity indices on the BSE and National Stock Exchange (NSE) had corrected for the third successive day, declining over 1 per cent led by a decline in the banking, financial and information technology (IT) stocks amid weakness in the global markets.

The S&P BSE Sensex tanked 677.77 points (1.13 per cent) to end at 59,306.93 while the Nifty 50 tumbled 185.60 points (1.04 per cent) to settle at 17,671.65.

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