Sensex surges 548 points amid broad-based buying; Nifty ends above 10,900

All that happened in the markets today

The Indian stock market ended 1.5 per cent higher on Friday, led by buying in Reliance Industries (RIL), HDFC Bank, ICICI Bank, and HUL. 

The S&P BSE Sensex settled 548 points or 1.5 per cent higher at 37,020 levels. Of 30 constituents, 25 advanced and the rest five declined. ONGC (up 5.5 per cent) ended as the biggest gainer on the index while TCS (down around 1.5 per cent) was the biggest loser. NSE's Nifty advanced 162 points or 1.5 per cent to end at 10,902. Meanwhile, the volatility index, India VIX, slipped 5.4 per cent to 23.99 levels. 

On a weekly basis, Sensex gained 1.16 per cent while Nifty added 1.24 per cent. 

Sectorally, barring Nifty IT index, all the other indices ended in the positive territory. Nifty PSU Bank index rose 1.83 per cent to 
1,431.60 levels while the Nifty Bank ended 1.7 per cent higher at 21,967 points. Nifty IT, on the other hand, slipped 0.62 per cent to 16,821 levels. 

In the broader market, the S&P BSE MidCap gained 1.55 per cent while the S&P BSE SmallCap rose 1.11 per cent. 

Global markets

Europe’s stock markets were subdued on Friday as EU leaders met in Brussels to try to hammer through a 750 billion euro post-pandemic recovery fund. In Asia, Japan’s Nikkei slid 0.3 per cent on concerns about rising virus infections in Tokyo. China’s CSI300 index climbed 0.25 per cent, though that was after a near 5 per cent slump on Thursday.

In commodities, oil prices slipped amid growing uncertainty about the global recovery in fuel demand as coronavirus cases surged in several countries, while major producers were set to ease output curbs.

(With inputs from Reuters)

4:08 PM

MARKET COMMENT:: Vinod Nair, Head of Research at Geojit Financial Services

"Markets gained strength towards the end of the session, led by Financials and Energy stocks. Global markets were lacklustre as an EU summit to discuss a post-pandemic recovery fund is underway. The markets globally are banking on continued liquidity to ensure that the recent momentum seen in the markets does not stall. Indian stocks are seeing earnings specific moves while the ever-present possibility of another lockdown has done little to affect the sentiment". 

3:44 PM

SECTOR WATCH:: Nifty IT slips 0.62%

3:43 PM

MARKET AT CLOSE:: Gainers and losers on the S&P BSE Sensex

3:38 PM

CLOSING BELL

The S&P BSE Sensex rallied 548 points or 1.5 per cent tro end at 37,020 while NSE's Nifty ended at 10,902, up 162 points or 1.5 per cent. 

3:28 PM

MARKET CHECK

3:21 PM

MARKET CHECK:: Sensex extends gains

3:10 PM

Sector View :: Nielsen on consumer sector

- FMCG exbihits signs of rebound in June to Pre-Covid levels

 

- India seeing delayed recovery

 

- Consumer is cautious, prefers “contactless” home delivery

 

- 'Vocal for Local' sentiment is growing

(As reported by CNBC TV18)
 

 

3:04 PM

Mahindra & Mahindra hits over 5-month high; stock zooms 61% in 3 months

Shares of Mahindra & Mahindra (M&M) hit an over five-month high of Rs 588, up 3 per cent on the BSE on Friday; extending its previous days’ 4 per cent rally on expectation of good June quarter earnings. In the past three months, the stock has outperformed the market by surging 61 per cent, as compared to 16 per cent rise in the S&P BSE Sensex. READ MORE

3:02 PM

MARKET CHECK:: BSE IT index slips over 1%

2:53 PM

MARKET CHECK :: Sudden rally in markets after a narrow-range trade through the day

2:48 PM

Sensex Heatmap :: Index at day's high, up over 400 pts

2:42 PM

Nifty IT index trades 1% lower in an otherwise strong market

2:36 PM

NEWS ALERT | SC likely to hear AGR case on Monday at 2 pm: TV reports

COMPANY NAME	LATEST	HIGH	LOW	CHG (rs)	CHG(%)	VALUE (rs CR)
VODAFONE IDEA	8.53	8.64	7.42	0.66	8.39	67.90
RELIANCE COMMUNI	2.97	2.97	2.83	0.14	4.95	4.47
BHARTI AIRTEL	567.20	573.80	562.05	4.60	0.82	22.13

2:28 PM

MARKET UPDATE:: India VIX slips 3.6% to 24.44 levels

2:21 PM

MARKET CHECK :: Sensex surges 300 pts