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Friday, October 22, 2021

Market Highlights: Sensex surges 514 points, Nifty ends above 17,550-mark; Realty, metals, IT stocks rally

Share Market, Stock Market Highlights: The S&P BSE Sensex ended at 59,005.27, up 514.34 points (0.88 per cent), while the Nifty 50 settled at 17,562.00, up 165.10 points (0.95 per cent).

By: Express Web Desk | New Delhi |
Updated: September 21, 2021 5:26:13 pm
Bombay Stock Exchange building. (Express archive photo)

Share/Stock Highlights: The benchmark equity indices on the BSE and National Stock Exchange (NSE) ended nearly 1 per cent higher on Tuesday after trading on a volatile note for the most part of the session amid gains in realty, metals and information technology (IT) stocks.

The S&P BSE Sensex surged 514.34 points (0.88 per cent) to reclaim the 59,000-level mark and settle at 59,005.27, while the Nifty 50 ended at 17,562.00, up 165.10 points (0.95 per cent). Both the indices had opened nearly 0.5 per cent higher earlier today and swung back and forth in highly volatile trade throughout the morning before rallying towards the late afternoon session.

The gains in the Sensex pack were led by Bajaj Finance, IndusInd Bank, ITC, Bajaj Finserv, Tata Steel and HCL Technologies. On the other hand, Maruti Suzuki India, Bajaj Auto, Nestle India, HDFC Bank and Power Grid Corporation of India were the laggards of the day.

Among sectors, the Nifty Realty index rallied 3.57 per cent higher led by Brigade Enterprises and Prestige Estates Projects. The Nifty Metal index climbed 2.55 per cent aided by JSW Steel and Steel Authority of India. The Nifty IT too rose 1.94 per cent led by MindTree and Larsen & Toubro Infotech.

In the broader market, the S&P BSE MidCap index climbed 193.61 points (0.79 per cent) to end at 24,792.12, while the S&P BSE SmallCap settled at 27,529.12, up 38.85 points (0.14 per cent). The volatility index or India VIX fell 5.55 per cent to 16.5200.

(with inputs from agencies)

Live Blog

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

17:26 (IST)21 Sep 2021
Paras Defence IPO update: End of Day 1

Paras Defence IPO: At the end of Day 1, the Paras Defence IPO has been oversubscribed. The total issue has been subscribed 16.57 times.


Qualified Institutional Buyers (QIBs) subscribed 0.01 times

Non Institutional Investors subscribed 3.77 times

Retail Individual Investors (RIIs) subscribed 31.36 times

Total subscribed 16.57 times

Source: BSE

16:03 (IST)21 Sep 2021
MARKET QUOTE | Vinod Nair, Head Of Research, Geojit Financial Services on Tuesday's market performance

"Domestic indices staggered during the early trading session however positive trends in the global markets comforted Indian equities to rebound during the second half. Global stocks recovered from the fears sparked by troubles in the Chinese economy, ahead of the FOMC meeting that will start later in the day. All major sectors traded in the green zone while the auto sector remained under pressure due to rising input costs and the semiconductor shortage faced by the global auto industry"

15:34 (IST)21 Sep 2021
Equity markets at close

The S&P BSE Sensex ended at 59,005.27, up 514.34 points or 0.88 per cent, while the Nifty 50 settled at 17,562.00, up 165.10 points or 0.95 per cent.

15:31 (IST)21 Sep 2021
Gold futures fall on low demand

Gold prices fell Rs 89 to Rs 46,189 per 10 grams in the futures trade on Tuesday, as speculators reduced their positions amid low demand.

On the Multi Commodity Exchange, gold contracts for the October traded lower by Rs 89, or 0.19 per cent, to Rs 46,189 per 10 grams in a business turnover of 7,915 lots.

Analysts attributed the fall in gold prices to trimming of positions by participants.

However, globally, gold traded 0.09 per cent higher at USD 1,765.40 an ounce in New York.


15:22 (IST)21 Sep 2021
Crude oil futures rise on spot demand

Crude oil prices rose Rs 47 to Rs 5,257 per barrel on Tuesday, as participants widened their positions on a firm spot demand.

On the Multi Commodity Exchange, crude oil for the October delivery traded higher by Rs 47, or 0.9 per cent, at Rs 5,257 per barrel in 3,799 lots.

Analysts said raising of bets by participants kept crude oil prices higher in the futures trade.

Globally, West Texas Intermediate crude oil was up 1.48 per cent to USD 71.33 per barrel, while Brent crude traded 1.64 per cent higher at USD 75.13 per barrel in New York.


15:21 (IST)21 Sep 2021
Copper futures rise on spot demand

Copper prices on Tuesday firmed up by 0.92 per cent to Rs 711.15 per kg in the futures market on the back of a pick-up in demand in spot markets.

On the Multi Commodity Exchange, copper contracts for delivery in September traded higher by Rs 6.50, or 0.92 per cent, to Rs 711.15 per kg in a business turnover of 3,403 lots.

Analysts attributed the rise in copper prices to raising of bets by participants driven by the pick-up in spot demand.


14:20 (IST)21 Sep 2021
Paras Defence IPO fully subscribed within minutes: Here’s everything you need to know

The initial public offering (IPO) of Paras Defence and Space Technologies opened for subscription earlier today and got fully subscribed within minutes on the first day of bidding aided by a robust demand from retail investors.

Till 2 pm on Day 1, the IPO was subscribed 10.11 times. It had received total bids for 7,22,19,315 shares across both the stock exchanges against 71,40,793 shares on offer, data from BSE showed. The shares which are to be allocated for the qualified institutional buyers (QIBs) was not subscribed yet so far, while those of non institutional investors was subscribed 1.51 times. The retail individual investors (RIIs) segment was subscribed a whopping 19.49 times, the data showed. Click here to read

12:03 (IST)21 Sep 2021
Sansera Engineering IPO share allotment today: Here's how to check it online

The initial public offering (IPO) of auto-components manufacturer Sansera Engineering was subscribed 11.47 times over the 1.21 crore shares that were on offer during the subscription period from September 14-16, 2021. The price band was fixed at Rs 734-744 per share.

Investors are now looking forward to the share allotment date of the Sansera Engineering IPO. The company is supposed to finalise the allotment by Tuesday, September 21, 2021, as per the timeline provided in the red herring prospectus (RHP). Click here to read the steps for checking the status of allotment online

10:37 (IST)21 Sep 2021
Rupee surges 15 paise to 73.59 against US dollar in early trade

The Indian rupee appreciated 15 paise to 73.59 against the US dollar in opening trade on Tuesday, tracking the weakness of the American currency in the overseas market.

At the interbank foreign exchange, the rupee opened at 73.74 against the dollar, then edged higher to 73.59, up 15 paise over its previous close.

On Monday, the rupee had settled at 73.74 against the US dollar.


10:31 (IST)21 Sep 2021
Petrol and diesel prices unchanged

Petrol and diesel prices continued to remain steady across the country for the 16th successive day on Tuesday, September 21, 2021. The prices of the key auto fuels were last revised on September 5 when petrol and diesel prices were cut by 15 paise per litre each in the national capital.

The price of petrol in Delhi stands at Rs 101.19 per litre while that of diesel is at Rs 88.62. In Mumbai, petrol currently costs Rs 107.26, while diesel is retailing at Rs 96.19, data available on Indian Oil Corporation’s website showed. Click here to read

09:54 (IST)21 Sep 2021
Global market update

Global stock markets grappled with contagion fears on Tuesday, sparked by troubles at China Evergrande as growing risks the property giant could default on its massive debt pile prompted investors to flee riskier assets.

Asian markets were jittery in volumes thinned by public holidays in China, Taiwan and South Korea. The Hang Seng recovered from an early drop to trade near flat as financials and property firms bounced, while Japan's Nikkei returned from a market holiday with a drop of almost 2%.

S&P 500 futures rose 0.3% following the index's biggest fall in two months overnight and the Chinese yuan rebounded in offshore trade to recover Monday losses.

Markets in mainland China and Taiwan were still closed on Tuesday while Korean markets remain shut through Wednesday.


09:49 (IST)21 Sep 2021
Equity markets at open

Sensex surges 264.5 pts to 58,755.43 in opening session; Nifty advances 80.85 pts to 17,477.75.


On Monday, the frontline equity indices on the BSE and National Stock Exchange (NSE) ended around 1 per cent lower tracking weakness in the global market.

The S&P BSE Sensex crashed 524.96 points (0.89 per cent) to settle at 58,490.93, while the Nifty 50 ended at 17,396.90, down 188.25 points (1.07 per cent).

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