Market ends flat after FM announces steps to boost demand; ITC gains 3%
All that happened in the markets today
 "(Photo: Kamlesh Pednekar)")
The S&P BSE Sensex ended 84 points, or 0.21 per cent higher at 40,594 levels. (Photo: Kamlesh Pednekar)
Paring the day's gains, the benchmark indices ended flat with a positive bias on Monday as the government's stimulus measures to boost demand failed to cheer investors. Finance Minister Nirmala Sitharaman today announced the government's two-pronged move to boost capital expenditure and stimulate consumer demand.
The S&P BSE Sensex ended 84 points, or 0.21 per cent higher at 40,594 levels while NSE's Nifty settled at 11,931, up 17 points, or 0.14 per cent. India VIX gained over 3.6 per cent to 21.12 levels.
In the broader market, the S&P BSE MidCap index slipped 0.48 per cent while the S&P BSE SmallCap index ended 0.4 per cent lower.
Global markets
Global stocks hit five-week highs on Monday led by China’s post-holiday surge as investors bet on a steady recovery for the world’s no. 2 economy, but worries about rising Covid-19 infections capped gains in Europe and the United States.
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 1 per cent to 2-1/2-year highs, buoyed by a 3 per cent gain in Chinese blue chips and a 2.2 per cent rise by Hong Kong’s Hang Seng index.
In commodities, oil prices fell as force majeure at Libya’s largest oilfield was lifted, a Norwegian strike affecting production ended and US producers began restoring output after Hurricane Delta.
(With inputs from Reuters)
3:43 PM
SECTOR WATCH | Nifty IT surges 1.67%
3:42 PM
MARKET AT CLOSE | Gainers and losers on the S&P BSE Sensex
3:36 PM
CLOSING BELL
The S&P BSE Sensex gained 84 points, or 0.21 per cent to settle at 40,594 while NSE's Nifty ended at 11,931, up 17 points, or 0.14 per cent.
3:28 PM
MADAN SABNAVIS | Capex measures to deliver the goods rather than the consumption booster
The fiscal announcements made by the Finance Minister (FM) on Monday are a combination of frontloading of consumption expenditure with some affirmative capex spending by both the central and state governments. The techniques being used for the two objectives are quite different, thus having a diluted impact on the fiscal balances. Overall the impact will be positive, though the extent will be limited. READ MORE
3:26 PM
MARKET CHECK
3:14 PM
Maruti up over 1%
3:01 PM
BUZZING STOCK:: Larsen & Toubro Infotech surges 7%
2:52 PM
MARKET UPDATE:: Broader indices underperform benchmarks
2:42 PM
Click here for the full list
Fall from intra-day high today
| COMPANY | DAY'S HIGH(RS) | DAY'S LOW(RS) | LATEST(RS) | FALL(%) |
|---|---|---|---|---|
| VEDANTA | 109.90 | 94.00 | 97.55 | -11.24 |
| BANK OF BARODA | 45.55 | 41.25 | 41.70 | -8.45 |
| MOTHERSON SUMI | 122.20 | 110.90 | 112.00 | -8.35 |
| PARAG MILK FOODS | 120.55 | 109.60 | 110.60 | -8.25 |
| FUTURE RETAIL | 78.20 | 71.00 | 72.00 | -7.93 |
2:26 PM
Is the Nifty on course to breeze past its 52-week high of 12,430.5?
Nifty reclaimed the 12,000 mark in trade on Monday - a level last seen in February 2020. The rally since February low has been mostly fueled by pharma, information technology (IT) services and automobile stocks. A large part of this, however, has also been on account of a sharp uptick in Reliance Industries (RIL) as the company emkarked upon a journey to become debt free, and raise money for its telecom venture - Jio Platforms via stake sale to marquee global investors. READ MORE
2:24 PM
HDFC Bank slips 2%
2:14 PM
NEWS ALERT | AAI in talks with Air India for settlement of dues amounting to over Rs 2,000 crore
2:08 PM
Vedanta's structural problems behind its failed delisting attempt
Last week, a plan by Vedanta Ltd, to delist from the two Indian stock exchanges failed when shareholders declined to tender shares citing a low strike price. The failure is a setback for the mining-to-electricity conglomerate owned by London-based billionaire Anil Aggarwal to restructure his group’s businesses. But it is not the first time that attempts to reorganise his opaquely structured empire have met with controversy. READ MORE
1:56 PM
There's no additional spending under LTC, festival measures announced by govt today, says FM
1:52 PM
Sensex trades flat with a negative bias
Topics : Markets Mazagon Dock UTI Asset Management Vedanta Indiabulls Housing Finance Limited Wipro CPI Inflation MARKET WRAP
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First Published: Oct 12 2020 | 7:43 AM IST
