Stock Markets Highlights: Nifty scales 18000 peak, Sensex zooms nearly 800 points to end at 60,746
Stock Markets Highlights: Nifty scaled 18000 peak on Monday for the first time since 13 September registering a 231 points jump while closing the session at 18,018.30. It was up 1.3 per cent from the Friday closing level. In the 50-share index, 44 stocks advanced while six declined. Ultratech Cement Company, Eicher Motors and HDFC were the top three gainers today on the NSE with Apollo Hospitals, Dr Reddy's and NTPC turning out to be the biggest laggards.
Meanwhile, BSE Sensex closed at 60,746.59, gaining almost 786.74 points or 1.31 per cent. In the 30-stock index, 27 stocks were trading in the green at the closing time while three were in the red. The gainers were Ultratech Cement Company, HDFC and Sun Pharma. The losers were NTPC, Dr Reddy's and Indusind Bank.
Here are key highlights from the day's trade:
1) Nifty50 surpassed 18000 mark for the first time in 48 days.
2) On BSE, 147 stocks hit their 52-week highs while 61 stocks hit their 52-week lows. Number of stock that hit their upper circuits were 267 against 216 which hit their 52-week lows.
3) All 15 Sectoral indices close on a positive note. NIfty Auto (+1.45 per cent), Nifty Financial Services (+1.39 per cent) and Nifty Consumer Durables (+1.48 per cent) as clear winners.
4) NIFTY MIDCAP 100 settled at 31,432.30, tracking great action of the benchmarks to end close 1.38 per cent.
5) The markets opened cautiously and picked up momentum as the session proceeded. Global cues and buying interest among investors catapulted the markets.
Also Read: Why is Sensex, Nifty rising? 4 factors behind today's strong Stock Market rally
6) Volatility Index was down by 15.80, down 0.75 per cent from the Friday closing levels.
That is all from the stock markets today. I will bring you all the action when the markets reopen on Tuesday. Till then, I, Shivendra Kumar sign-off. Have a geat day!
Stock Markets Highlights: Nifty scaled 18000 peak on Monday for the first time since 13 September registering a 231 points jump while closing the session at 18,018.30. It was up 1.3 per cent from the Friday closing level. In the 50-share index, 44 stocks advanced while six declined. Ultratech Cement Company, Eicher Motors and HDFC were the top three gainers today on the NSE with Apollo Hospitals, Dr Reddy's and NTPC turning out to be the biggest laggards.
Meanwhile, BSE Sensex closed at 60,746.59, gaining almost 786.74 points or 1.31 per cent. In the 30-stock index, 27 stocks were trading in the green at the closing time while three were in the red. The gainers were Ultratech Cement Company, HDFC and Sun Pharma. The losers were NTPC, Dr Reddy's and Indusind Bank.
Here are key highlights from the day's trade:
1) Nifty50 surpassed 18000 mark for the first time in 48 days.
2) On BSE, 147 stocks hit their 52-week highs while 61 stocks hit their 52-week lows. Number of stock that hit their upper circuits were 267 against 216 which hit their 52-week lows.
3) All 15 Sectoral indices close on a positive note. NIfty Auto (+1.45 per cent), Nifty Financial Services (+1.39 per cent) and Nifty Consumer Durables (+1.48 per cent) as clear winners.
4) NIFTY MIDCAP 100 settled at 31,432.30, tracking great action of the benchmarks to end close 1.38 per cent.
5) The markets opened cautiously and picked up momentum as the session proceeded. Global cues and buying interest among investors catapulted the markets.
Also Read: Why is Sensex, Nifty rising? 4 factors behind today's strong Stock Market rally
6) Volatility Index was down by 15.80, down 0.75 per cent from the Friday closing levels.
That is all from the stock markets today. I will bring you all the action when the markets reopen on Tuesday. Till then, I, Shivendra Kumar sign-off. Have a geat day!
Latest Updates
Rupee Vs Dollar Outlook: INR is expected to move in a range of 82.50 to 83.00 tomorrow after remaining above 82.50 for the entire last week, Anil Kumar Bhansali, Head of Treasury at Finrex Treasury Advisors LLP said. Rupee fell sharply as oil companies rushed to buy dollars and stop losses of USDINR sellers were hit at 82.50, he said adding that the Asian currencies were all down as CNH crossed 7.31.
Oil was stable around USD 93.00 levels while dollar index rose to above 111.00 levels as market approaches the FOMC meeting on 2nd November, Bhansali said.
(Disclaimer: The views/suggestions/advises expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)
BSE Action - Stocks traded, advance/declines, 52-week highs and lows - all you need to know
Source: BSE
Several listed companies will announce their quarterly earnings on Monday. You can catch all the LIVE action here
DCX Systems received a strong response in the retail segment with the issue getting fully subscribed on BSE by 12 pm today. The IPO closes on 2 November.
In the 50-stock Nifty50, 43 stocks gained while 7 were on the losing side. The biggest gainers were Sun Pharmaceuticals (+3 per cent), Mahindra & Mahindra (+2.78 per cent) and Ultratech Cement Company (+2.19 per cent).
Also Read: Maruti Suzuki tops gainers as brokerages sharply raise target on four-fold jump in profit
On BSE, 25 were trading positively agains five losers. Sun Pharma, M&M and Ultratech Cement were biggest gainers while, Dr Reddy's, NTPC and Tata Steel were on the losing side.
Indian markets widened their gains as BSE Sensex was trading comfortably above the 60000 mark taking over a 600 points lead on Monday from the Friday closing. Meanwhile, Nifty was trading at 17972, up nearly 1 per cent or 185 points around 11:50 am. The 50-stock index is poised well to cross the 18000 mark in the intraday tarde.
BSE Index Contributors
Source: BSE
Maruti Suzuki and Infosys shares were making a lot of positive noise in the stock markets. While Maruti was the top buzzer in term of volumes on the BSE, Infosys led the way in terms of index contribution.
Nifty50 top gainers and losers
Source: NSE
BSE Sensex Top Gainers and Losers
Source: BSE
TRADING CALLS by Anuj Gupta of IIFL Securities
Buy MCX GOLD DECEMBER AT 50000 STOP LOSS 49780 TARGET 50500
BUY MCX SILVER DECEMBER AT 56500 STOP LOSS 55900 TARGET 557500
BUY MCX COPPER NOV AT 647 Stop Loss 640 target 658
Sell crude oil oct at 7350 Stop Loss 7510 target 7150
Sell usdinr at 82.70 Stop Loss 82.90 target 82.30
Buy Nifty at 177900 STOP LOSS 17780 TARGET 18050
BUY BANK NIFTY AT 41000 STOP LOSS 40750 TARGET 41600
(Disclaimer: The views/suggestions/advises expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)
Rupee Vs Dollar:
The dollar index was at 110.92 while US 10 year yields was at 4.04% and oil at $ 93.23 per barrel. Most Asian currencies,were also down against the dollar.
The Dow Jones on Friday rose by 828 points and accordingly SGX nifty is up by 200 points.
Rupee to open at 82.35 levels and remain in a range of 82.00 to 82.60 for the day as markets await for FOMC decision on 2nd November, Anil Kumar Bhansali, Head of Treasury at Finrex Treasury Advisors LLP said.
"Exporters in the near term may sell the rise towards 82.50 and above while importers may buy the dips towards 82.00 for hedging their receivables and payables respectively," Bhansali said.
(Disclaimer: The views/suggestions/advises expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)
Zee Business Managing Editor Anil Singhvi's strategy on Nifty Bank Nifty and his recommendations on DCX Systems IPO
Major Asian markets also started on a positive note on Monday with NIKKEI 225 trading at 27,465.60 or 1.33 per cent higher from Friday closing levels while KOSPI was trading at 2,275.36, up 0.31 per cent. Meanwhile, Shanghai Composite was trading with negative bias at 2,893.20, lower by 22.73 points or 0.78 per cent.
SGX Nifty Futures was trading at 18,008, up nearly 1 per cent or 173.50 points. However, Dow Futures was trading with marginal downside at 32,824.10, down 0.11 per cent.