Sensex leaps 1,181 pts, Nifty holds 18350 amid global rally; HDFC duo up 6%

CLOSING BELL: Barring minor downtick in the Nifty Auto, FMCG, and PSU Bank indices, all other sectoral indices advanced on the bourses. The Nifty IT index led from the front with around 4% surge

CLOSING BELL

Stock market highlights: Indian equities rose in tandem with global peers after the release of US inflation data in October raised investor hopes that inflation has peaked. Barring minor downtick in the Nifty Auto, FMCG, and PSU Bank indices, all other sectoral indices advanced on the bourses. The Nifty IT index led from the front with around 4 per cent surge.

Meanwhile, HDFC twins, information technology (IT), and other heavyweighs including Reliance Industries, Tata Steel, L&T, and Bajaj twins propelled the S&P BSE Sensex to a fresh 52-week high of 61,841, while the Nifty50 touched 18,362.

The indices, eventually, ended at 61,795, and 18,350 levels, up 1,181 points and 322 points, respectively.

In the broader markets, the BSE MidCap, and the BSE SmallCap indices added 0.15 per cent, and 0.33 per cent, respectively, as against the frontline indices' 2-per cent gain. 

Globally, the Nikkei 225 in Japan closed up 2.98 per cent, and the Topix closed higher at 2.12 per cent. The Kospi in South Korea ended up 3.37 per cent, and the S&P/ASX 200 in Australia climbed 2.79 per cent. 

Further, the Hang Seng index jumped 7.74 per cent, and the Hang Seng Tech index surged 10.05 per cent as Chinese state media reported Covid measures for travel will be eased. In mainland China, the Shenzhen Component added 2.120 per cent, while the Shanghai Composite Index gained 1.69 per cent.  

On Wall Street, futures linked to main indices indicated firm start later tonight, with Nasdaq Futures up 0.7 per cent.  

Stellar listing
Shares of DCX Systems (DCX) made a strong market debut, with its equity shares listed at Rs 287, a 39 per cent premium to its issue price of Rs 207 per share on the NSE. The shares hit a high of Rs 320 during the day, and closed at Rs 307 per share, up 48.3 per cent over its issue price. READ MORE

4:10 PM

COMMENT:: Markets cheered lower-than-expected US inflation data

"The domestic market joined the global run as markets across the world cheered the lower-than-expected US inflation data. The US dollar slumped along with treasury yields as investors evaluated the likelihood of a less hawkish rate hike by the Fed. Reduced treasury yields will aid to improve FII inflows. The rally of domestic market was led by IT stocks as recession fears reduced and HDFC twins after merger overhang."

 

- Vinod Nair, Head of Research at Geojit Financial Services

4:08 PM

HDFC Bank, HDFC hit over 7-month highs; stocks rally up to 15% in one month

Shares of a mortgage lender Housing Development Finance Corporation (HDFC), and its associate company HDFC Bank hit their respective over seven-month highs on Friday as they rallied nearly 6 per cent in the intra-day trade. READ MORE

 

4:05 PM

Rupee ends stronger at 80.81/$, gains 1.2%

Source: Bloomberg.com

4:03 PM

DCX Systems makes strong debut, stock ends Day at 49% premium over issue price

DCX Systems (DCX) made a strong market debut, with its equity shares listed at Rs 286.25, a 39 per cent premium to its issue price of Rs 207 per share on the BSE. The stock eventually ended Day 1 at Rs 308.80. READ MORE

4:00 PM

Zomato soars 14% on heavy volume as net loss narrows to Rs 251 cr in Q2FY23

Shares of Zomato soared 13.8 per cent to Rs 72.80 amid heavy volumes, after the food delivery aggregator's net loss narrowed to Rs 251 crore for the September quarter (Q2FY23), as against Rs 429.6 crore, in the year-ago period. READ MORE

3:59 PM

Lumax Inds hits 20% upper circuit on strong Q2 results, capex plan

Shares of Lumax Industries ended almost 20-per cent upper circuit higher at Rs 1,794.50 on the BSE on Friday after the company’s consolidated net profit more-than-doubled to Rs 32.97 crore in the September quarter (Q2FY23) on healthy operational income. READ MORE

3:55 PM

Primary Market Update:: Five Star IPO seen struggling; Archean gets strong response

Archean Chemical subscribed 30.5 times on Day 3

 

Five Star Business IPO subscribed 69 per cent on Day 3

 

Kaynes Technologies subscribed 78 per cent on Day 2

 

INOX Green Energy subscribed 35 per cent on Day 1

 

(Data as of 3:50 PM)

3:46 PM

Nifty IT Index soars 3.8%; CoForge, MphasiS top percentage gainers

3:44 PM

Market breadth marginally positive; 133 stocks hit new 52-week high on BSE

3:43 PM

Broader markets underperform; Midcap, Smallcap indices ended largely flat; VIX down 7%

3:40 PM

Nifty 50 Losers:: Eicher Motors skids 5%; Hero MotoCorp 1.7%

3:38 PM

Nifty 50 Gainers:: HDFC, HDFC Bank, Infosys lead charge

3:37 PM

Sensex 30 Heatmap:: 23 Gainers v/s 7 Losers

3:35 PM

NSE Nifty50 rallies 321 pts, settles at 18,350

3:33 PM

Closing Bell:: Sensex ends 1,181 pts higher at 61,795