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Shares, Commodity, Rupee Market Highlights: Sensex, Nifty settle at record closing highs on strong global cues

Share/Stock Market, Sensex, Nifty, BSE, NSE Share Price Highlights: All that happened in equities, commodities and money markets on Tuesday.

By: Express Web Desk | New Delhi | Updated: December 17, 2019 5:19:27 pm
The benchmark indices on BSE and NSE ended at record highs on Tuesday. (Image source: Getty/Thinkstock)

Share/Stock Market, Sensex, Nifty Highlights: The benchmark equity indices on the BSE and National Stock Exchange (NSE) scaled record highs on Tuesday led by a rally in metals and information technology stocks.

Investors took cues from the Asian markets which rallied to 18-month highs on Tuesday on US-China trade deal optimism, positive economic signals in China and overnight rally in the Wall Street.

The S&P BSE Sensex settled at a record closing high of 41,352.17, up 413.45 points or 1.01 per cent. during the day, the 31-share touched a record intraday high of 41,401.65. Likewise, the Nifty 50 too ended the day at a record high of 12,165.00, up 111.05 points or 0.92 per cent. The 50-share broad index had touched an intraday record of 12,182.75 on Tuesday.

On both the frontline indices, the gains were led by a rally in the shares of Tata Steel, Vedanta, Infosys, Tata Consultancy Services (TCS) and Bharti Airtel.

Among the sectoral indices on NSE, the Nifty Metal index was the top gainer of the day, settling 2.88 per cent higher led by gains in Jindal Steel & Power, Tata Steel and Vedanta. Nifty IT index gained the most after the metal index, rising 1.88 per cent higher led by NIIT Technologies, Infosys and industry heavyweight TCS.

In the broader market, the S&P BSE MidCap index settled at 14,818.14, up 55.75 or 0.38 per cent, while the S&P BSE SmallCap gained 87.98 points or 0.66 per cent to end at 13,393.77.

Rupee

The rupee pared early morning gains to settle 2 paise down at 70.98 against the US currency on Tuesday amid lack of any major triggers on the domestic front.

Crude oil

Brent crude, the global benchmark, rose 17 cents to $65.51 a barrel by 1104 GMT, while US West Texas Intermediate crude added 1 cent to $60.22.

(with inputs from agencies)

Live Blog

Watch this space for all the LIVE market updates including stocks, shares, rupee, crude oil, petrol diesel, gold and silver prices:

17:14 (IST)17 Dec 2019
Rupe at close

Rupee retreats from early high levels to settle flat at 70.98 against US dollar.

(PTI)

16:20 (IST)17 Dec 2019
S Ranganathan, Head of Research at LKP Securities on Tuesday's equity market movement

"NIFTY rose 110 points predominantly led by short covering and buying into pivotals. Metal stocks and BFSI sector led the market rally today"

16:17 (IST)17 Dec 2019
Vinod Nair, Head of Research at Geojit Financial Services on Tuesday's markets

"Positive global sentiments buoyed by easing trade war tensions between the US and China continue to pump market. Economic growth remains on the lower side while risk appetite of investors are gradually improving on expectation of further steps from the government in the upcoming budget to revive consumption and attract investments."

16:16 (IST)17 Dec 2019
Sectoral indices on NSE

The Nifty Metal index was the top gainer of the day, settling 2.88 per cent higher. It was followed by Nifty IT index that rose 1.88 per cent higher. Here's how the sectoral indices performed on Tuesday:

Source: NSE
16:11 (IST)17 Dec 2019
BSE Sensex: Gainers and losers of the day

Gains on the Sensex on Tuesday were led by Tata Steel, Bharti Airtel, Vedanta, Tata Motors, HDFC and Bajaj Finance. Here are the top gainers and losers of the day:

Source: BSE
15:42 (IST)17 Dec 2019
Equity markets at close on Tuesday

The S&P BSE Sensex settled at a record closing high of 41,352.17, up 413.45 points or 1.01 per cent. during the day, the 31-share touched a record intraday high of 41,401.65. Likewise, the Nifty 50 too ended the day at a record high of 12,165.00, up 111.05 points or 0.92 per cent. The 50-share broad index had touched an intraday record of 12,182.75 on Tuesday.

15:24 (IST)17 Dec 2019
Soybean futures rise on spot demand

Soybean prices on Tuesday rose by Rs 38 to Rs 4,246 per quintal in futures market as traders created fresh positions supported by a strong spot demand.

On the National Commodity and Derivatives Exchange, soybean for delivery in December was up by Rs 38, or 0.90 per cent, to Rs 4,246 per quintal with an open interest of 1,525 lots. Soybean for delivery in January rose by Rs 42, or 0.99 per cent, to Rs 4,284 per quintal having an open interest of 1,73,170 lots.

Market players said rasing of fresh positions by speculators on the back of higher demand mainly led to rise in soybean prices.

(PTI)

15:22 (IST)17 Dec 2019
Refined soya oil futures up on spot demand

Refined soya oil prices on Tuesday rose 0.99 per cent to Rs 876 per 10 kg in futures trade as speculators raised their bets.

On the National Commodity and Derivatives Exchange, refined soya oil for December delivery moved up by Rs 8.6, or 0.99 per cent, to Rs 876 per 10 kg in 29,505 lots. Similarly, refined soya oil contracts for January delivery edged up by Rs 7.6, or 0.87 per cent, to Rs 884.2 per 10 kg in 46,965 lots.

Analysts said widening of positions by traders helped refined soya oil prices trade higher in futures market here.

(PTI)

15:21 (IST)17 Dec 2019
Mustard seed futures edge up on positive cues

Mustard seed prices on Tuesday rose by Rs 56 to Rs 4,560 per quintal in futures trade as speculators raised their bets amid limited supplies.

Marketmen said apart from restricted arrivals from growing belts, demand from oil mills in spot market mainly lifted mustard seed prices here.

On the National Commodity and Derivatives Exchange, mustard seed for delivery in December rose by Rs 56, or 1.24 per cent, to Rs 4,560 per quintal with an open interest of 2,600 lots. Similarly, the delivery for January gained Rs 22, or 0.48 per cent, to Rs 4,576 per quintal with an open interest of 20,250 lots.

(PTI)

14:29 (IST)17 Dec 2019
Kotak Mahindra Bank best suited to acquire Yes Bank, according to two top bankers

Two of India’s top bankers on Tuesday opined that Kotak Mahindra Bank (KMB) is best suited to acquire smaller and capital-starved rival Yes Bank.

Yes Bank’s capital buffers have dipped on accelerated non performing assets recognition under new chief executive Ravneet Gill earlier this year.

The private sector lender’s capital raising plan is also passing through uncertainties and there are speculations on whether Yes Bank is an acquisition target, which has been denied by its management. Click here to read the complete report

14:08 (IST)17 Dec 2019
Guar seed futures strengthen on fresh bets

Guar seed prices on Tuesday rose by Rs 30 to Rs 4,024 per 10 quintal in futures trade after participants widened their holdings driven by a firm trend at spot market.

On the National Commodity and Derivatives Exchange, guar seed for December contracts rose by Rs 30, or 0.75, to Rs 4,024 per 10 quintal with an open interest of 3,165 lots. Similarly, guar seed for January delivery gained Rs 46, or 1.14 per cent, to Rs 4,088 per 10 quintal with an open interest lots of 82,790.

According to marketmen, raising of bets by speculators tracking a firm trend in spot market on thin supplies from growing belts mainly led to rise in guar seed prices here.

(PTI)

14:07 (IST)17 Dec 2019
Guar gum futures climb on firm demand

Guar gum prices on Tuesday advanced by Rs 35 to Rs 7,247 per five quintal in futures trade as investors created fresh bets on firm spot demand.

On the National Commodity and Derivatives Exchange, guar gum contracts for December rose by Rs 35, or 0.49 per cent, to Rs 7,247 per five quintal with an open interest of 630 lots. Similarly, guar gum for January delivery advanced by Rs 109, or 1.40 per cent, to Rs 7,408 per five quintal with an open interest of 61,075 lots.

Restricted arrivals from growing regions led to the rise in prices, analysts said.

(PTI)

14:06 (IST)17 Dec 2019
Cottonseed oil cake futures gain on spot demand

Cottonseed oil cake prices on Tuesday increased by Rs 15 at Rs 2,069 per quintal in futures trade due to accumulation of positions amid upbeat trend at the spot market.

On the National Commodity and Derivatives Exchange, cottonseed oil cake contracts for December delivery rose by Rs 15, or 0.73 per cent, at Rs 2,069 per quintal in 7,930 lots.

Cottonseed oil cake contracts for January gained Rs 13, or 0.63 per cent, at Rs 2,085 per quintal in 61,470 lots.

Marketmen said raising of positions by participants amid rising demand from cattle-feed makers mainly influenced prices here.

(PTI)

14:03 (IST)17 Dec 2019
Coriander futures slip on weak demand

Coriander prices on Tuesday fell by Rs 29 to Rs 6,535 per quintal in futures trade as speculators reduced their positions amid weak demand at the spot market.

On the Multi Commodity Exchange, coriander contracts for January fell by Rs 29, or 0.44 per cent, to Rs 6,535 per quintal in 8,610 lots. Similarly, coriander contracts for April delivery declined by Rs 36, or 0.52 per cent, to Rs 6,840 per quintal in 4,290 lots.

Market analysts said subdued demand from speculators mainly led to the decline in coriander futures prices.

(PTI)

13:41 (IST)17 Dec 2019
Sujan Hajra, Chief Economist at Anand Rathi Shares and Stock Brokers on WPI data for November

"Despite WPI inflation rising for the first time in six months, at 0.6%, the rate was still low, and fuel and manufactured products remain in deflation. With rising food inflation, the WPI-CPI divergence widened to nearly 500bps. While we expect the hardening of WPI to continue in Dec’19, the level is likely to be modest."

13:33 (IST)17 Dec 2019
Gold prices gain Rs 2 per 10 gm, silver rises Rs 60 a kg

Bullion prices in the benchmark markets inched higher on Tuesday with prices of gold rising by Rs 2 while that of silver gaining Rs 60.

The opening price for gold of 999 purity was Rs 38,036 per 10 grams, up just Rs 2 from Monday's closing price of Rs 38,034, while that of 995 purity gold was Rs 37,884, up Rs 2 from Rs 37,882 on Monday, according to the data published by India Bullion and Jewellers Association (IBJA).

Price of silver too rose by Rs 60 in the early trade on Tuesday. The precious metal of 999 purity was at Rs 44,225 a kg, up Rs 60 from Rs 44,165 on Monday, the IBJA data showed.

13:14 (IST)17 Dec 2019
Aluminium futures up on fresh bets

Aluminium prices on Tuesday edged up 15 paise to Rs 134.10 per kg in futures market after speculators built up fresh positions amid positive trend in spot market.

On the Multi Commodity Exchange, aluminium for delivery in December contracts edged higher by 15 paise, or 0.11 per cent, to Rs 134.10 per kg in a business turnover of 447 lots.

Analysts said fresh positions created by traders after positive demand from consuming industries mainly led to rise in aluminium prices.

(PTI)

13:10 (IST)17 Dec 2019
Zinc futures strengthen marginally on positive demand

Zinc prices on Tuesday rose 0.41 per cent to Rs 183.35 per kg in futures trade tracking a firm trend in physical market on the back of uptick in demand.

On the Multi Commodity Exchange, zinc for December contracts was trading higher by 75 paise, or 0.41 per cent, at Rs 183.35 per kg with a business turnover of 1,322 lots.

Marketmen said zinc prices rose as participants raised bets following a pickup in demand from consuming industries.

(PTI)

13:08 (IST)17 Dec 2019
Lead futures rise on pick-up in demand

Lead prices on Tuesday traded higher by 50 paise to Rs 152.85 per kg in futures trade as participants built up fresh positions driven by pick-up in demand in spot market.

On the Multi Commodity Exchange, lead for delivery in December edged higher by 50 paise, or 0.33 per cent, to Rs 152.85 per kg in a business volume of 1,058 lots.

Market analysts said fresh positions created by traders due to upsurge in demand by battery-makers in physical market mainly helped lead prices to trade higher.

(PTI)

13:01 (IST)17 Dec 2019
Copper futures gain on spot demand

Copper prices on Tuesday traded up by 0.23 per cent at Rs 443.95 per kg in futures trade on pick-up in spot demand.

On the Multi Commodity Exchange, copper contracts for delivery in December traded higher by Re 1, or 0.23 per cent, to Rs 443.95 per kg in a business turnover of 2,198 lots.

Similarly, the metal for delivery in January edged up by 75 paise, or 0.17 per cent, to Rs 448.75 per kg in 135 lots.

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

(PTI)

On Monday, the market benchmark Sensex had ended 71 points lower at 40,938.72, dragged by losses in energy, FMCG and auto stocks amid weak macroeconomic numbers. The 30-share BSE barometer had opened higher and hit a lifetime high of 41,185.03 points in the opening session.

Losses in FMCG, auto, energy and select banking stocks eroded the gains later with Sensex settling 70.99 points or 0.17 per cent down at 40,938.72.

The broader NSE Nifty finished 32.75 points or 0.27 per cent lower at 12,053.95 as 37 of its components declined.