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Sensex up 38 points as banks rally, gains 11.6% in Samvat 2075
Benchmark indices ended little changed on Friday; however banking stocks had a field day with the State Bank of India (SBI) jumping over 7 per cent (Rs 282) on 3-fold jump in its net profit at Rs 3,012 crore for the September quarter.
YES Bank, too, rallied around 8 per cent to Rs 52 apiece on the BSE.
The S&P BSE Sensex added 38 points or 0.10 per cent to end the Samvat 2075 at 39,058 levels. The NSE’s Nifty50 index ended at 11,584, up just 1 point or 0.01 per cent.
In the broader market, the S&P BSE MidCap index ended at 14,342, up around 3 points or 0.02 per cent while the S&P BSE SmallCap index lost 51 points or 0.39 per cent to close at 13,153.
Among other buzzing stocks, ICICI Bank hit a new high of Rs 470.70 apiece on the BSE during the session with the market capitalisation (m-cap) surpassing Rs 3 trillion-mark.
On the other hand, Piramal Enterprises tanked 17 in the afternoon deals on the BSE after the company announced capital-raising plan. The stock eventually settled at Rs 1,590 apiece, down around 8 per cent.
Volatiity index India VIX slipped around 6 per cent to 15.30 levels.
Among the sectoral indices on the NSE, PSU bank stocks advanced the most, followed by IT counters. The Nifty PSU Bank index gained 3.38 per cent to end at 2,300 levels. Nifty Bank rallied 1 per cent to 29,396-mark.
Sectoral Watch – Most Discussed Iron & Steel / Intermediate Product Stocks
Source: https://stockarchitect.com/sector/Iron-And-Steel-OR-Interm010Products
Sectoral Watch – Most Discussed Cement & Cement Product Stocks
Indices gain for 6th straight day, Sensex ends 246 points higher
Extending their gaining streak into the sixth straight session, benchmark indices ended with over half a per cent gains on Friday even as global peers tumbled after China’s GDP growth slipped to a 27-year low of 6 per cent.
Industry heavyweights Reliance Industries (RIL), HDFC Bank, TCS, and Larsen & Toubro (L&T) helped benchmark S&P BSE Sensex settle at 39,298 levels, up 246 points or 0.63 per cent. The 30-share index hit an intra-day and low of 39,361 and 38,964, respectively.
YES Bank (up over 8 per cent) emerged as the top gainer on the index while Tata Motors (down 1 per cent) the biggest loser.
In the broader market, both mid and small-caps outperformed the headline indices. The S&P BSE MidCap index added 253 points or 1.78 per cent to close at 14,420 while the S&P BSE SmallCap index ended at 13,127, up 213 points or 1.65 per cent.
On the NSE, the broader Nifty50 index gained 75.50 points or 0.65 per cent to close at 11,662 levels.
On a weekly basis, both Sensex and Nifty ended with 3 per cent gains.
On the sectoral front, barring Nifty IT, all the other indices ended in the green. Relaty stocks advanced the most, followed by metal and PSU bank stocks. The Nifty Realty index climbed nearly 2 per cent to 262.80 levels.
Sectoral Watch – Most Discussed Personal Products’ Stocks
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Sensex up 247 points, Nifty holds 11,300; IT, metals advance
Some brisk buying in industry heavyweights such as Infosys, HDFC, ICICI Bank, Hindustan Unilever (HUL), and Bharti Airtel helped benchmark indices settle with decent gains on Friday. Additionally, positive global cues, too, boosted investor sentiment.
The S&P BSE Sensex added 247 points or 0.65 per cent to end at 38,127.08 levels, with Infosys (up 4 per cent) being the top gainer and YES Bank (down over 3 per cent) the biggest loser. During the session, the index hit a high and low of 38,345.41 and 37,737.85, respectively.
In the broader market, the S&P BSE MidCap index ended at 13,780.99 levels, up 33 points or 0.24 per cent and the S&P BSE SmallCap gained 49 points or 0.38 per cent to close at 12,772.07.
On the NSE, the headline index Nifty50 ended at 11,301.25 levels, up 67 points or 0.59 per cent.
Sectorally, barring media and private bank, all the indices on the NSE ended in the green. The Nifty Metal index ended at 2,335.20 levels, up 2.27 per cent.