News Details

( 10/10/2018 16:22)
Post Session: Sensex ends 461 pts higher; banking, auto stocks lead

Indian benchmarks made a strong comeback Wednesday after the recent rout as investors started accumulating battered financials, auto and metal stocks amid the rupee recovering from record lows. Key indices stayed in the positive terrain through the session as buying activity gathered momentum. Sentiment also got a lift after the SBI, coming to the rescue of cash-strapped NBFCs, decided Tuesday to buy their assets to the tune of Rs 45,000 crore, a move that will provide liquidity support to non-banking financing companies facing headwinds after a series of loan defaults by IL&FS group firms.

RBI's decision to inject Rs 12,000 crore liquidity into the system through purchase of government bonds on October 11 to meet festive season demand for funds also boosted the sentiment here, market watchers said.

The rupee recovered by 34 paise to 74.05 (intra-day) against the dollar at the forex market Wednesday.

The 30-share benchmark index ended at 34760.89 up by 461.42 points or by 1.35 per cent, while the NSE Nifty was at 10460.1 up by 159.05 points or by 1.54 per cent.

During the day’s trade, Sensex touched intraday high of 34858.35 and intraday low of 34346.5 The NSE Nifty touched intraday high of 10482.35 and intraday low of 10318.25.

The top gainers of the BSE Sensex pack were Axis Bank Ltd. (Rs. 589.35,+6.62%), State Bank of India (Rs. 278.10,+5.88%), Maruti Suzuki India Ltd. (Rs. 7011.15,+4.77%), YES Bank Ltd. (Rs. 234.05,+4.44%), ICICI Bank Ltd. (Rs. 318.90,+4.18%), among others.

The top losers of the BSE Sensex pack were Infosys Ltd. (Rs. 700.30,-2.38%), Tata Consultancy Services Ltd. (Rs. 2043.05,-2.27%), Sun Pharmaceutical Industries Ltd. (Rs. 603.00,-1.12%), Wipro Ltd. (Rs. 316.85,-1.05%), Coal India Ltd. (Rs. 271.60,-0.48%), among others.

Among the sectors, Realty index was at 1616.12 up by 68.72 points or by 4.44%. Indiabulls Real Estate Ltd. (Rs. 95.90,+9.23%), Godrej Industries Ltd. (Rs. 502.70,+7.51%), DLF Ltd. (Rs. 163.45,+6.66%), Housing Development & Infrastructure Ltd. (Rs. 19.85,+4.75%), Prestige Estates Projects Ltd. (Rs. 178.00,+4.40%),.

On the flip side, IT index was at 14891.63 down by -230.25 points or by -1.52%. 8K Miles Software Services Ltd. (Rs. 134.45,-4.98%), MIC Electronics Ltd. (Rs. 1.55,-4.91%), 3i Infotech Ltd. (Rs. 3.38,-3.98%), Persistent Systems Ltd. (Rs. 694.65,-2.61%), Infosys Ltd. (Rs. 700.30,-2.38%),..

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2965 , shares advanced were 2141 while 662 shares declined and 162 were unchanged.

ATTENTION INVESTORS 1 : "No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case | 2 : "Prevent Unauthorized Transactions in your demat / trading account --> Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors. | 3 : KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.

SEBI Regn. NSE: INB231280430 I F&O: INF231280430 I BSE: INB011280436 I NSE CD: INE231280430 I MCX-SX: INE261280430

Copyright © 2017 Rikhav Securities Ltd. All rights reserved

Designed , Developed & Content Powered by DION