FIRST TRADE: Sensex up over 400 pts; Nifty above 19,100; Britannia up over 3% post-Q2 results

Stock market today: The domestic equity indices on Thursday, November 2, opened in positive territory amid a rise in global stocks after the US Federal Reserve kept the rates unchanged and Chair Jerome Powell hinted that the rate-hiking cycle is possibly over.

Last seen, both indices were up 0.69 per cent: the S&P BSE Sensex was up 437.76 points at 64,029.09 and the NSE Nifty was up 125.2 points at 19,114.35.

In the broader market, the Nifty Mid Cap 100 and Small Cap 100 opened over 1 per cent higher.

High-beta Nifty Bank was up 1.02 per cent at 43,135.75.

BUZZING STOCKS 

Sun Pharma Advanced Research Company's shares surged over 7 per cent after the company announced it had entered into an agreement with Johns Hopkins University (JHU) and the Institute of Organic Chemistry and Biochemistry of the Czech Academy of Sciences (IOCB) to exclusively licence SCD-153.

REC Ltd shares were up over 5 per cent a day after the company announced its September quarter results along with a dividend payout.

Britannia shares were up over 3 per cent a day after it announced its Q2 results.

Kansai Nerolac shares were up over 1 per cent a day after the company posted its Q2 results.

Thomas Cook shares were up over 2 per cent higher a day after the company reported its Q2 numbers. 

Netweb Technologies India shares hit the upper circuit despite posting a mixed Q2.

GAIL and BPCL shares traded positively after GAIL signed an agreement with BPCK for propane supply worth Rs 63,000 crore. 

Advani Hotels & Resorts shares were up over 3 per cent after public shareholder Delta Corporation Limited sold 2.50 lakh shares at 110.52 per share.

Conversely, Syrma SGS Technology shares slipped over 5 per cent a day after the company announced its Q2 numbers.

Gujarat Mineral Development Corporation shares traded over 7 per cent lower after posting a weak Q2.

GLOBAL MARKETS 

Asian shares and bonds extended a global rally on Thursday as a non-committal Federal Reserve Chair had markets double down on bets that U.S. interest rates have peaked and cuts are on the way.

MSCI's broadest index of Asia-Pacific shares outside Japan surged 1.7 per cent to the highest level in one week. Tokyo's Nikkei gained 1.4 per cent to cross the 32,000 level for the first time in two weeks.

(with agency inputs)

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