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Friday, December 03, 2021

Market Highlights: Nifty ends above 18,100-mark, Sensex rallies 767 points; IT, realty, financials surge

Share Market, Stock Market Highlights: The S&P BSE Sensex ended at 60,686.69, up 767.00 points (1.28 per cent), while the Nifty 50 settled at 18,102.75, up 229.15 points (1.28 per cent).

By: Express Web Desk | New Delhi |
Updated: November 12, 2021 6:14:13 pm
BSE in Mumbai. (Express photo by Ganesh Shirsekar)

Share/Stock Highlights: The benchmark equity indices on the BSE and National Stock Exchange (NSE) ended over 1 per cent higher on Friday aided by gains in index majors Infosys, HDFC Bank and Reliance Industries amid positive global cues.

The S&P BSE Sensex surged 767.00 points (1.28 per cent) to end at 60,686.69 while the Nifty 50 rallied 229.15 points (1.28 per cent) to settle at 18,102.75. Both the indices had opened over 0.5 per cent higher and inched further as the trade progressed.

Tech Mahindra was the top gainer in the Sensex pack, rising around 4 per cent, followed by HDFC, Infosys, Bajaj Finserv, Asian Paints and Bajaj Finance. On the other hand, Bajaj Auto, Tata Steel and Axis Bank were among the laggards.

Among the sectoral indices, the Nifty IT index rose 2.10 per cent led by Larsen & Toubro Infotech and Tech Mahindra. The Nifty Realty index too climbed 1.65 per cent aided by Indiabulls Real Estate and DLF. Apart from these, the Nifty Financial Services too inched up 1.08 per cent due to a rise in ICICI Prudential Life Insurance Company and Cholamandalam Investment and Finance Company.

Going ahead, market participants will watch out for the outcome of retail inflation and factory output data at 5:30 pm later in the day.

(with inputs from agencies)

Live Blog

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

16:23 (IST)12 Nov 2021
MARKET QUOTE | Vinod Nair, Head of Research, Geojit Financial Services on Friday's market performance

"The momentum which was lost during the week was regained as inflation worries started fading with investors shifting their focus to good quarterly earnings, economic recovery and strong domestic macro data points. Today’s market rally was led by IT, energy and realty stocks while global peers traded mixed"

15:47 (IST)12 Nov 2021
Equity markets at close

The S&P BSE Sensex ended at 60,686.69, up 767.00 points or 1.28 per cent, while the Nifty 50 settled at 18,102.75, up 229.15 points or 1.28 per cent.

15:17 (IST)12 Nov 2021
Reliance Retail acquires ‘amanté’ from MAS Holdings

Reliance Retail Ventures Limited (RRVL) has acquired retail lingerie businesses under the ‘amante’ umbrella brand from MAS Brands, a wholly-owned subsidiary of Sri Lanka-based MAS Holdings, for an undisclosed amount.

The ‘amanté business’, which was established by MAS in 2007, is engaged in retail and wholesale distribution of premium lingerie under brands ‘amanté’, ‘Ultimo’ and ‘every dé by amanté’. Click here to read

14:48 (IST)12 Nov 2021
Petrol and diesel price steady

Prices of petrol and diesel were kept unchanged for the eighth consecutive day on Friday, November 12, 2021. The fuel prices were last revised on November 4 after the central government had cut the excise duty on the two key fuels to bring down their retail rates from record highs.

The price of petrol in Delhi stands at Rs 103.97 per litre while that of diesel is at Rs 86.67. In Mumbai, petrol currently costs Rs 109.98, while diesel is retailing at Rs 94.14, data available on Indian Oil Corporation’s website showed. Click here to read

13:23 (IST)12 Nov 2021
Tesla dips after Elon Musk sheds $5 billion in shares

Tesla’s stock declined slightly on Thursday after filings revealed Chief Executive Elon Musk sold about $5 billion worth of his shares this week following his much-hyped Twitter poll.

The electric-car maker’s stock ended the session down 0.4% at $1,063.51 after tumbling earlier in the week. Click here to read

11:56 (IST)12 Nov 2021
PM Modi launches RBI Retail Direct Scheme and Integrated Ombudsman Scheme

Prime Minister Narendra Modi on Friday launched two customer-centric initiatives of the Reserve Bank of India (RBI) namely the RBI Retail Direct Scheme and RBI Integrated Ombudsman Scheme.

Finance Minister Nirmala Sitharaman and RBI Governor Shaktikanta Das were also present during the virtual launch. Click here to read

10:45 (IST)12 Nov 2021
Rupee rises 16 paise to 74.36 against US dollar in early trade

The rupee surged 16 paise to 74.36 against the US dollar in opening trade on Friday as a positive trend in domestic equities supported the local unit.

At the interbank foreign exchange, the rupee opened strong at 74.36 against the dollar, a rise of 16 paise over its previous close. On Thursday, the rupee had settled at 74.52 against the US dollar.


10:09 (IST)12 Nov 2021
Fino Payments Bank makes a weak debut, lists at over 5% below issue price

Shares of Fino Payments Bank made a weak debut and got listed at a loss of over 5 per cent below their issue price in the stock exchanges today.

The scrip got listed at Rs 544.35 apiece on the National Stock Exchange (NSE), thereby registering a fall of 5.66 per cent from its offer price of Rs 577.00, while on the BSE, it opened at Rs 548.00, down 5.03 per cent from the issue price. Click here to read

09:43 (IST)12 Nov 2021
Global market update

Asian share prices advanced on Friday as a shock from a surprisingly strong U.S. inflation reading ebbed, with investors now hopeful that the worst price hikes could be soon over.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.7% to reach its highest level in two weeks while Japan's Nikkei gained 1.1%, helped by brisk earnings.

U.S. stock futures were up about 0.3% after a mixed session on Thursday when the S&P 500 ended 0.06% higher while tech-heavy Nasdaq rose 0.52%.


09:42 (IST)12 Nov 2021
Equity market at open

Sensex jumps 340.32 pts to 60,260.01 in opening session; Nifty surges 112.30 pts to 17,985.90.


Thursday, the frontline equity indices on the BSE and National Stock Exchange (NSE) had ended nearly 1 per cent lower dragged by banks pharmaceutical and automobile stocks amid weak global cues.

The S&P BSE Sensex slumped 433.13 points (0.72 per cent) to end below the 60,000 level mark at 59,919.69 while the Nifty 50 declined 143.60 points (0.80 per cent) to settle at 17,873.60.

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