MARKET WRAP: Sensex jumps 530 pts, ends at fresh closing peak; metals shine
All that happened in markets today.
Almost across-the-board buying and US-China trade talks optimism lifted benchmark indices nearly 1.50 per cent higher on Monday. The session witnessed some solid buying in blue-chips such as HDFC, Bharti Airtel, Axis Bank, Reliance Industries (RIL), and IndusInd Bank. On the global front, news reports that China and the United States were ‘very close’ to a phase one trade deal, boosted investor sentiment further.
At close, the S&P BSE Sensex stood at 40,889, up 530 points or 1.31 per cent. During the day, the index hit an all-time high of 40,931.71 levels. Bharti Airtel (up 7 per cent) emerged as the top gainer on the index while ONGC (down over 2 per cent) was the biggest loser.
Market breadth was in favour of buyers as out of 2,707 companies traded on the BSE, 1,418 advanced and 1,083 declined while 206 scrips remained unchanged.
NSE's Nifty50 index ended at 12,079, up 165 points or 1.38 per cent.
Broader market, too, participated in Monday's rally. The Nifty Midcap 100 index ended over a per cent higher at 17,055 levels while the Nifty Smallcap 100 pack gained 0.70 per cent to close at 5,741 levels.
Sectorally, all but media stocks ended in the green. Metal stocks rallied the most on renewed hopes of positive developments in US-China trade talks. The Nifty Metal index climbed over 3 per cent to 2,599 levels. Auto and Pharma stocks were next on the list. On the downside, Nifty Media index slipped over 1.50 per cent to 1,946 levels.
BUZZING STOCKS
Shares of State Bank of India (SBI) hit an over three-month high of Rs 336, up over 2 per cent on the BSE. In the past nine trading days, SBI has outperformed the market by gaining 9 per cent after the Supreme Court judgement on Essar Steel resolution came in favor of financial creditors on November 15, 2019. READ MORE
Shares of State Bank of India (SBI) hit an over three-month high of Rs 336, up over 2 per cent on the BSE. In the past nine trading days, SBI has outperformed the market by gaining 9 per cent after the Supreme Court judgement on Essar Steel resolution came in favor of financial creditors on November 15, 2019. READ MORE
Shares of Ashoka Buildcon zoomed 11.5 per cent to Rs 104.05 apiece during the day on the BSEc after the company's subsidiary bagged a project worth Rs 1,000 crore in the state of Telangana. Shares ened at Rs 96.45, up nearly 3.50 per cent. READ MORE
Shares of Adani Green Energy (AGEL) hit a new high of Rs 115, up 7 per cent on the BSE on the back of heavy volumes. The stock had rallied 10 per cent on Friday. READ MORE
GLOBAL MARKETS
World shares staged a cautious rally on Monday as investors held out for some progress in US-China trade talks, while the dollar dipped after its latest rally on the back of strong US economic data. The MSCI All-Country World Index, which tracks shares across 47 countries, was up 0.2 per cent. In Asia, MSCI’s broadest index of
Asia-Pacific shares outside Japan bounced 0.7 per cent, after losing 0.4 per cent last week. Japan’s Nikkei firmed 0.7 per cent, while Australian stocks rose 0.5 per cent and Shanghai blue chips 0.3 per cent.
European shares rose for the second straight session following reports that Washington and Beijing were nearing a trade agreement. The pan-European index was up 0.7 per cent till the time of writing of this report, led by trade-sensitive miners. E-Mini futures for the S&P 500 added 0.2 per cent.
In commodities, oil prices gained on US-China trade talks optimism.
(With inputs from Reuters)
3:44 PM
Nifty snapshot
Across-the-board buying lifts sentiment
3:36 PM
Bharti Airtel, Tata Steel, Maruti among top gainers
3:36 PM
Sensex ends over 500 points higher
3:35 PM
CLOSING BELL
The S&P BSE Sensex advanced 530 points or over 1 per cent to settle at 40,889 while NSE's Nifty50 index ended at 12,079, up 165 points or 1.38 per cent.
3:16 PM
MARKET CHECK | Sensex hits 40,900
3:00 PM
Index Contributors at this hour
2:48 PM
BROKERAGE RADAR | MOFSL on Trent
CMP: Rs 504
TP: Rs 605 (+20%)
Reco: Buy
While Trent is richly valued, we believe that Zudio’s high growth and profitability potential can help sustain these valuations. Maintain Buy with TP of Rs 605/share.
2:48 PM
Indiabulls Housing Finance zooms 7%
2:41 PM
BUZZING STOCK:: Unichem Labs surges 12%
2:35 PM
NEWS ALERT | Govt of Singapore buys stake in ZEEL: CNBC TV18
-- GIC on account of Government of Singapore & Monetary Authority of Singapore buy additional 2.96% equity in Zee Ent on November 21
2:32 PM
» More on 52 Week High
Stocks that hit 52-week high on S&P BSE Sensex
COMPANY | PRICE(rs) | 52 WK HIGH | CHG(rs) | CHG(%) |
---|---|---|---|---|
AAVAS FINANCIERS | 1726.90 | 1750.00 | 2.50 | 0.14 |
ADANI ENTERP. | 214.75 | 215.55 | 11.15 | 5.48 |
ADANI GREEN | 113.10 | 117.00 | 6.50 | 6.10 |
DLF | 219.70 | 226.40 | 3.15 | 1.45 |
ORIENT ELECTRIC | 197.00 | 205.00 | 9.15 | 4.87 |
2:22 PM
Heatmap: S&P BSE Sensex
2:07 PM
Sensex extends gains, zooms over 500 pts now
2:04 PM
» More on Most Active Volume
Most active stocks by volume
COMPANY | PRICE(rs) | CHG(rs) | CHG(%) | VOLUME |
---|---|---|---|---|
VODAFONE IDEA | 6.80 | 0.24 | 3.66 | 52490235 |
YES BANK | 62.75 | -2.05 | -3.16 | 8717412 |
RELIANCE POWER | 3.67 | 0.17 | 4.86 | 4250114 |
ERIS LIFESCIENCE | 431.25 | 17.00 | 4.10 | 3869431 |
SUZLON ENERGY | 2.36 | 0.00 | 0.00 | 2980103 |
1:55 PM
SBI hits over three-month high, surges 37% from October lows
Shares of State Bank of India (SBI) hit an over three-month high of Rs 335, up 2 per cent on the BSE on Monday. The stock of the state-owned bank was trading at its highest level since July 30, 2019. In the past nine trading days, SBI has outperformed the market by gaining 9 per cent after the Supreme Court judgement on Essar Steel resolution came in favor of financial creditors on November 15, 2019. READ MORE
Topics : Markets MARKET WRAP
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First Published: Nov 25 2019 | 7:33 AM IST