MARKET LIVE: Sensex, Nifty log new highs in opening deals;Nifty near 18,100

MARKET LIVE: Sensex, Nifty log new highs in opening deals;Nifty near 18,100
Share This :


LIVE market updates: The opened on a positive note, with benchmark indices scaling new peaks in opening trades, on the back of better-than-expected CPI September Inflation and August Industrial Output data. The headline inflation dropped to a 8-month low at 4.35 per cent, while the IIP grew at 11.9 per cent.


The BSE Sensex opened with a positive gap of 336 points at 60,620, and was quoted at 60,505 at 09:17 AM. The NSE Nifty touched a high of 18,099 in openin deals, and was up 83 points at 18,075.


Mahindra & Mahindra was the major gainer in the Sensex 30 stocks, up 1.8 per cent at Rs 906. Tech Mahindra, Asian Paints and Kotak Mahindra Bank were the other prominent gainers.


On the other hand, Tata Steel and Hindustan Unilever were the marginal losers.


__________________________________________________________________________________________

(Updated at 09:04 AM)




LIVE market updates: The BSE Sensex soared over a per cent to 60,900-odd levels in the pre-open trades, and was later quoted at 60,622, up 338 points. The NSE Nifty 50 index was up 90 points at 18,083.


Kotak Mahindra Bank, NTPC, PowerGrid Corporation and HDFC Bank were the prominent gainers in the Sensex 30 stocks.



__________________________________________________________________________________________

(Updated at 08:10 AM)

LIVE market updates: Stock-specific activity will remain high on D-Street on Wednesday as earnings season gains momentum, with IT stocks set to hog the bulk of the limelight.


Infosys, Wipro and thirteen other firms, including Mintree, Birlasoft and AB Money will also post their numbers today.

Analysts expect a near 20 per cent year-on-year jump in revenue for in the recently concluded quarter. Revenue guidance is likely to be upped for the third time in a row. READ HERE


As for Wipro, revenue projections range between 25 per cent and 29 per cent on yearly basis. Revenue growth, analysts say, will be driven by the ramp-up of large deals along with contribution from Capco and Ampion acquisitions. READ HERE

That apart, investors may also positively react to CPI print and IIP data that came in slightly better than market expectations. Besides, IMF expects India to grow at 9.5 per cent in 2021 and at 8.5 per cent in 2022.


Global cues


Asian stocks were mixed, with Japan’s Topix index down 0.3 per cent while Australia’s S&P/ASX 200 Index added 0.1 per cent and South Korea’s Kospi rose 1.1 per cent. SGX Nifty, meanwhile, was up 51 points at 18,056 levels at 8:10 AM.


In contrast, Dow Jones declined 0.34 per cent, S&P500 lost 0.24 per cent and Nasdaq Composite shed 0.14 per cent in the overnight session as investors grew more jittery in the run-up to third-quarter earnings


, MARKET LIVE: Sensex, Nifty log new highs in opening deals;Nifty near 18,100, Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor





Source link

Share This :