Business Standard

Sensex jumps 685pts, Nifty ends near 17,200; Infosys, HDFC, HDFC Bank shine

CLOSING BELL: A sharp pull-back in the US overnight triggered the relief rally in our markets on Friday. Benchmark indices however pared gains in the latter half of the trading day.

Image SI Reporter New Delhi
Nifty, market, sensex, stocks, investors, growth

CLOSING BELL: The key benchmark indices bounced back with panache in opening trades this morning taking cues from the global peers. The S&P BSE benchmark index soared to a high of 58,435 in intra-day deals led by strong gains in IT major Infosys and the HDFC twins.

Infosys rallied over 5 per cent to a high of Rs 1,494 on the back of healthy Q2 performance and Rs 9,300 crore share buyback. Analysts expect the stock to log further gains in the coming trading sessions. READ MORE

The key indices, however, pared gains in the latter half of the trading sessions as the overall sentiment remained cautious in the backdrop of a high inflation scenario globally. The Sensex eventually ended 685 points higher at 57,920. Thanks to the Friday-rally, the BSE index was able to trim its weekly loss to 271 points.

The NSE Nifty 50 index rallied past the 17,300-level in early deals, but finally settled at 17,186 - up 171 points.

The broader indices erased the entire day’s gain towards the close. The BSE Midcap index was up 0.1 per cent, while the Smallcap index ended unmoved.

Sectorally, the BSE IT and Bankex surged 1.7 per cent each. The Capital Goods index was the other notable gainer. On the other hand, Oil & Gas and Power indices slipped over a per cent each.

The overall breadth was marginally positive, with 1,835 stocks advancing versus 1,608 declining shares on the BSE.
 

4:11 PM

Expert View: Rally can continue led by festival demand, Q2 results

"The domestic market showed an uptick, in-line with the surprise bounce in the US market. Initially the US market fell because the data exceeded the forecast. However, it recovered quickly, due to the oversold state of the market. The rally in the domestic market was led by large caps, with IT and banking at the forefront due to the robust start to Q2 earnings. The rally can continue in the short-term led by festival demand, Q2 results and positive trend of the global market."
 
- Vinod Nair, Head of Research at Geojit Financial Services
4:05 PM

IT, Financials led the market rally, while energy shares weigh

"With Inflation becoming the most widely watched economic statistic globally, yesterday's inflation print in the US saw extreme volatility there and as expected our markets opened gap up in sync with global cues. IT & Financials buoyed by earnings led the rally before profit taking in Energy stocks wiped off a bit of gains. The broader markets did see buying interest in select stocks on the back of quarterly earnings although the gains were visible only across Large Cap names."

- S Ranganathan, Head of Research at LKP securities. 
 

4:04 PM

Adani Enterprises slips nearly 1%; co denies plans to buy cement biz of Jaiprakash

chart
4:00 PM

HDFC Bank gains 3.4% ahead of Q2 earnings; Net seen rising 21% YoY

The private sector lender is scheduled to announce its Q2 results on Saturday. Analysts expect HDFC Bank to clock high-teen growth in its net interest income (NII) during the July-September quarter (Q2) of fiscal 2022-23 (FY23), on a year-on-year (YoY) basis, on the back of over 20 per cent growth in its loan book, and around 19 per cent in deposits. READ MORE

chart

3:52 PM

Broader indices slip into red towards the close, India VIX dips 10%

chart

3:50 PM

Nifty 50:: Top FIVE gainers and losers on Friday

chart

3:48 PM

Sensex 30 Heatmap:: 20 Gainers v/s 10 Losers; Infy, HDFC twins shine

chart
3:47 PM

NSE Nifty 50 ends 171 points higher at 17,186

chart

3:35 PM

Closing Bell: S&P BSE Sensex ends 685 pts higher at 57,920

chart

3:27 PM

Federal Bank zooms 6%; hits new peak on highest ever quarterly profit in Q2

Shares of Federal Bank surged 6 per cent to hit an all-time high of Rs 132.10 on the BSE in Friday’s intra-day trade on heavy volumes after the bank delivered its highest ever quarterly net profit at Rs 704 crore (up 53 per cent year-on-year) in the September quarter (Q2FY23). READ MORE

stock market, markets, brokers, trading, nse, bse, sensex, nifty, rally, coronavirus, covid, lockdown

3:13 PM

Global Check:: US, UK stock futures exhibit mixed trend

chart
Source: Investing.com

3:04 PM

BSE 500:: IFB Industries, GNFC, Rites among volume shockers

IFB Industries has witnessed unusually high volume of around 20,659 shares on the BSE so far as against its five-day average volume of around 844-odd shares. Similarly, P I  Industries, GNFC, Rites and Biral Corporation also witnessed a significant spike in volume on Friday. VIEW MORE

chart

2:55 PM

News Alert: Maruti Suzuki S-Presso now also available with S-CNG technology

According to a release issued by the company to the BSE on Friday, Maruti Suzuki announced the launch of the S-CNG variant of the adventurous and dynamic S-Presso. The S-CNG variant of the S-Presso with its dual-fuel flexibility will enable its energetic customers to further their passion for discovering and exploring exciting experiences.

chart
2:50 PM

Asian govts spent $50 bn in Sept to defend currencies from strong US dollar

Dollar sales in the region over the first nine months of the year have reached approximately $89 billion including Japan, marking the most active period for foreign-exchange expenditures. READ MORE

Photo: Bloomberg
2:40 PM

Gold proves its mettle against Sensex, price rises 2.6% in CY22

Gold's outperformance over equity has been even better in the international market, thanks largely to a big sell-off in equities in advanced economies such as the US and Western Europe. READ MORE

Photo: Andrey Rudakov/Bloomberg

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Oct 14 2022 | 8:01 AM IST