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Tuesday, December 07, 2021

Market Highlights: Sensex surges 383 points, Nifty ends at 18,268 led by metal, auto, realty stocks

Share Market, Stock Market Highlights: The S&P BSE Sensex ended at 61,350.26, up 383.21 points (0.63 per cent), while the Nifty 50 settled at 18,268.40, up 143.00 points (0.79 per cent).

By: Express Web Desk | New Delhi |
Updated: October 26, 2021 7:09:06 pm
BSE in Mumbai. (Express photo by Ganesh Shirsekar)

Share/Stock Highlights: The benchmark equity indices on the BSE and National Stock Exchange (NSE) extended their gains and settled over 0.5 per cent higher on Tuesday led by gains in metals, automobile and realty stocks.

The S&P BSE Sensex climbed 383.21 points (0.63 per cent) to settle at 61,350.26 while the Nifty 50 rose 143.00 points (0.79 per cent) to end at 18,268.40.

On the Sensex, the gains were led by market heavyweight Reliance Industries (RIL), Kotak Mahindra Bank, Bajaj Finance and Tata Steel. On the other hand, ICICI Bank, Hindustan Unilever (HUL) and IndusInd Bank were among the laggards.

Among sectors, the NIfty Realty rose 3.62 per cent led by gains in Macrotech Developers, Brigade Enterprises and Sunteck Realty. Separately, the Nifty Metal index rallied 2.66 per cent led by APL Apollo Tubes and Hindustan Copper. The Nifty Auto too inched up 2.00 per cent driven by Tata Motors and TVS Motor Company.

(with inputs from agencies)

Live Blog

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

15:58 (IST)26 Oct 2021
MARKET QUOTE | Vinod Nair, Head of Research, Geojit Financial Services on Tuesday's market performance

"Following a strong opening backed by positive gains in global markets, domestic indices were torn between gains and losses in today’s volatile trade. Broad-based buying led by auto, realty, and metal stocks aided the bourses to bell the day in positive territory. However, continuous selling by the FIIs in the market fanned investor cautiousness. Upbeat quarterly earnings outweighing inflation worries boosted the morale of global markets."

15:33 (IST)26 Oct 2021
Equity markets at close

The S&P BSE Sensex ended at 61,350.26, up 383.21 points or 0.63 per cent, while the Nifty 50 settled at 18,268.40, up 143.00 points or 0.79 per cent.

14:43 (IST)26 Oct 2021
Kotak Mahindra Bank reports 7% fall in September quarter profit at Rs 2,032 crore

Private sector Kotak Mahindra Bank on Tuesday reported about 7 per cent decline in its net profit to Rs 2,032 crore in second quarter ended September 2021.

The bank had posted net profit of Rs 2,184 crore in the same quarter of the previous fiscal year.

Total income during July-September period of 2021-22, however, grew to Rs 8,408.87 crore, as against Rs 8,252.71 crore in same period of 2020-21, Kotak Mahindra Bank said in a regulatory filing. Click here to read

14:02 (IST)26 Oct 2021
Ceat shares tumble 10% after Q2 results

Shares of tyre maker Ceat Ltd on Tuesday tumbled nearly 10 per cent after the company reported a 77 per cent decline in consolidated net profit for the second quarter ended September 30.

The stock tanked 9.92 per cent to Rs 1,165 on the BSE. At the NSE, it tumbled 7.94 per cent to Rs 1,191. Click here to read

13:56 (IST)26 Oct 2021
MARKET QUOTE | Ravi Singh, VP and Head of Research, Share India Securities on IRCTC shares

"As per NSE, stock enters the ban once its open interest crosses 95 per cent of the limit and comes out of it when the open interest is below 80 per cent. Under this criteria, IRCTC came under pressure last week after it was placed under the F&O ban list by NSE on October 20. While the stock is out of the ban list, the volatility is still on the higher side. Traders are building fresh long positions due to huge correction in IRCTC which has a strong back due to its pure monopoly business, robust financials as well as the company's debt-free status. Technically also, IRCTC has a potential to touch the level of Rs 4,600 in the near term with strong support around Rs 4,000 levels."

Stock update: At 1:48 pm, the shares of Indian Railway Catering And Tourism Corporation (IRCTC) were trading at Rs 4,167.90 apiece on the National Stock Exchange (NSE), up 3.62 per cent.

13:32 (IST)26 Oct 2021
Nykaa IPO to open on October 28; price band set at Rs 1,085-1,125/share

FSN E-Commerce Ventures Ltd, which operates online beauty e-commerce platform Nykaa, on Monday said it has fixed a price band of Rs 1,085-1,125 per share for its initial public offer (IPO) that opens for subscription later this week.

The IPO will open for subscription on October 28 and conclude on November 1. It comprises of equity shares aggregating up to Rs 630 crore (fresh issue) and an offer for sale of up to 41,972,660 equity shares being offered by the selling shareholders (offer for sale or OFS), a statement said. Click here to read

11:51 (IST)26 Oct 2021
Petrol and diesel prices unchanged

Petrol and diesel prices remained unchanged at their record highs for the second consecutive day on Tuesday, October 26, 2021. The auto fuel prices were last revised on Sunday when 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

10:57 (IST)26 Oct 2021
Rupee inches 5 paise higher to 75.03 against US dollar in early trade

The Indian rupee inched higher by 5 paise to 75.03 against the US dollar in opening trade on Tuesday amid a positive trend in domestic equities.

At the interbank foreign exchange, the rupee opened at 75.05 against the dollar, then rose to 75.03, registering an increase of just 5 paise over its previous close. The rupee on Monday had settled at 75.08 against the US dollar.

(PTI)

10:25 (IST)26 Oct 2021
Tesla zooms past $1 trillion market cap on bet that the EV future is now

Tesla Inc surpassed $1 trillion in market value on Monday after landing its biggest-ever order from rental car company Hertz, a deal that reinforced the electric car leader’s ambitions to top the entire auto industry in sales over the next decade.

Tesla shares surged as much as 14.9% to $1,045.02, making it the world’s most valuable automaker according to Reuters calculations based on its latest filing. Click here to read

09:53 (IST)26 Oct 2021
Global market update

Asian stocks inched higher on Tuesday, as upbeat Wall Street earnings lifted the broader economic outlook though fresh worries about China's property sector hit Hong Kong and mainland markets.

Japan's benchmark Nikkei average opened up 1.14% on Tuesday, while Australia's S&P/ASX 200 was up 0.2% at 0133GMT. MSCI's gauge of Asia Pacific stocks outside Japan rose 0.23%.

Hang Seng Index and China's benchmark CSI300 Index opened higher but fell into negative territory, weighed by property stocks.

(Reuters)

09:43 (IST)26 Oct 2021
Equity market at open

Sensex jumps 202.27 pts to 61,169.32 in opening session; Nifty rises 55.60 pts to 18,181.

(PTI)

On Monday, the topline equity indices on the BSE and National Stock Exchange (NSE) had snapped out of their four-session losing streak by ending marginally higher.

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.

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