FIRST TRADE: Sensex rises over 200 pts; Nifty above 19,750 on strong global cues; Hindalco, Coal India up over 1%

Stock market today: The domestic equity indices edged higher on Tuesday, November 21, amid broad-based buying. Positive global cues, such as a strong rally in Wall Street and Asian stocks, aided sentiment.

At the time of filing this report, both indices were up 0.36 per cent. The S&P BSE Sensex was up 234.05 points at 65,889.2, and the NSE Nifty edged higher by 71.6 points to 19,765.6.

The Nifty Mid Cap 100 and Small Cap 100 opened in green. Likewise, high-beta Nifty Bank was up 0.38 per cent at 43,750.7.

BUZZING STOCKS

Coal India shares were up over 1 per cent as the stock is trading ex-dividend today.

Man Infraconstruction shares were up over 1 per cent after the company announced it was eyeing a revenue potential of more than Rs 8,000 crore from the sale of three real estate projects in Mumbai.

RateGain Travel Technologies shares were up over 1 per cent after the company's QIP closed on Monday, with the issue price at Rs 643 per share.

Tata Power shares were up over 1 per cent after the company surpassed a significant milestone of 1.2 GW of group captive projects.

Titagarh Rail Systems shares were up over 10 per cent after the company inked a strategic partnership for metro projects in India with ABB India.

IRCTC shares were up over 2 per cent after the centre implemented changes in the company's catering policy for 2017, which has been extended for two more years.

Vascon Engineers shares were up over 3 per cent after the company bagged an approximately Rs 357 crore order for constructing a hospital in Pune.

Oberoi Realty shares were up over 2 per cent after the company launched a luxury residential project, Forestville, in Thane, Maharashtra.

On the other hand, KM Sugar Mills shares were down over 1 per cent after the company informed exchanges about the accident that took place at the company's facility in Ayodhya.

GLOBAL MARKETS 

Asian shares climbed to fresh two-month highs on Tuesday, boosted by a rally on Wall Street, while the dollar languished near its lowest in two-and-a-half months on expectations the US Federal Reserve is likely done with interest rate hikes.

MSCI's broadest index of Asia-Pacific shares outside Japan was 0.91 per cent higher at 509.82 having touched 510.42, the highest since September 18. The index is up 7 per cent for the month and on course for its biggest monthly gain since January.

(With agency inputs) 

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