Key benchmark indices trimmed initial gains triggered by the National Democratic Alliance (NDA) government after market hours yesterday, 10 November 2015 announced easing of foreign direct investment (FDI) norms across 15 sectors to attract overseas funds and boost economic growth. At 18:03 IST, the barometer index, the S&P BSE Sensex was up 137.79 points or 0.54% at 25,881.05. The 50-unit Nifty 50 index was up 42.70 points or 0.55% at 7,826.05.
The market breadth indicating the overall health of the market was strong. On BSE, 1,377 shares rose and 251 shares declined. A total of 44 shares were unchanged. The BSE Mid-Cap index was currently up 0.98%. The BSE Small-Cap index was currently up 1.4%. Both these indices outperformed the Sensex.
Axis Bank (up 2.33%), Sun Pharmaceutical Industries (up 1.64%), Tata Steel (up 1.38%), L&T (up 1.3%), Vedanta (up 1.22%) were the top gainers from the 30-share Sensex pack.
NMDC rose 1.32%. The company's net profit fell 48.28% to Rs 810.24 crore on 44.14% decline in total income to Rs 2028.66 crore in Q2 September 2015 over Q2 September 2014. The result was announced after market hours yesterday, 10 November 2015.
The stock exchanges are conducting one hour special muhurat trading session today, 11 November 2015, to mark the start of Samvat 2072, the new-year for the trading community. Trading is being conducted for an hour from 17:45 IST to 18:45 IST. Traders and investors traditionally make token purchases of stocks during the so-called muhurat trading session. There was no regular trading today, 11 November 2015 due to a holiday on account of Diwali. The stock market also remains closed tomorrow, 12 November 2015, for Diwali Balipratipada holiday.
In overseas stock markets, European stock indices gained a fillip from corporate news on Wednesday after Asian markets took a mixed set of Chinese data in stride. Amid a slew of Chinese data, year-on-year growth in October retail sales came in at 11%, up from 10.9% in September, while October industrial output growth slipped to 5.6% from 5.7% in September.
Powered by Capital Market - Live News