Closing Bell: Sensex and Nifty hits new high today, 11 October
Closing Bell: Sensex and Nifty hits new high today, 11 October
The Indian stock market closed marginally higher on Monday. In the end, Nifty was up by 50.75 points or 0.28 percent and closed at 17945.95 levels while Sensex gained 76.72 points or 0.13 percent and finished at 60135.78 levels. The Bank Nifty spot price has jumped 518.55 points or 1.37 percent and ended at 38293.80 levels.
The border markets outperformed the benchmark indices today. The Nifty midcap was up by 193.05 points or 0.61 percent and closed at 31630.80 levels. The Nifty smallcap index gained 130.75 points or 1.16 percent and finished at 11436.45 levels.
The top five gainers in the Nifty50 index were Tata Motors, Coal India, Maruti, Power Grid, and Grasim. The top five losers in the Nifty50 index were TCS, Tech Mahindra, Infosys, HCL Tech, and Britannia. The most active stocks in terms of value were Tata Motors, TCS, and Reliance. The most active stocks in terms of volume were Tata Motors, Coal India, and ITC.
On a sectoral front, barring IT & Software all other sectors closed in the green today. The sectors that led the rally were Nifty Auto, Realty, Financial Services, Banking, Metals, and Media.
Indian benchmark indexes are trading at a record high, Nifty above 18K
Indian stock market indexes continued to trade in the optimistic mode in the afternoon session amid positive Asian market cues. Nifty trading above 18000 for the first time as traders are in expectation of better Q2FY22 quarterly earnings.
Markets took some support with RBI Governor Shaktikanta Das’s statement that the RBI is looking for growth signs to become entrenched and show signs of durability and closely ‘watchful’ of evolving dynamics. He said the RBI is studying developments around inflation and growth that are dynamic and are evolving.
At 1.05 pm, the equity benchmark indexes, Sensex and Nifty are trading at an all-time high. Sensex and Nifty are trading higher by 0.61 percent and 0.75 percent respectively. The Bank Nifty on spot price is trading 1.32 percent up at this moment.
The stocks that are trading as the top gainers are Tata Motors, Coal India, and Maruti Suzuki. The stocks that are trading as the top losers are TCS, Tech Mahindra, and HDFC Life.
On a sectoral front, Nifty Realty, Auto, and Metal sectors are top-performing sectors at this moment whereas Nifty IT and Media are top losing sectors.
Indian Stock Market Indexes are trading higher, TCS down 5% after its Q2 earnings missed street estimates
Indian markets opened mixed on Monday despite positive cues from the other Asain markets. Nifty opened at 17867.55 levels down by 27.65 points while Sensex made a positive opening of 40.62 points at 60099.68 levels. The Bank Nifty spot price also opened in the green, up by only 7.5 points at 37782.75 levels.
At 10 am, the Indian market indexes are trading marginally higher, Sensex and Nifty are trading higher by 0.33 percent and 0.43 percent respectively. The Bank Nifty spot price is trading 1.05 percent up at this moment. Nifty midcap and smallcap indexes are also trading higher by 0.34 percent and 1.25 percent respectively.
Tata Motors, Coal India, and Maruti Suzuki are trading as the top gainers whereas TCS, Wipro, and Infosys are trading as the top losers. TCS is down more than 5 percent at this moment as the company Q2FY22 earnings announced were below streets estimates.
On a sectoral basis, Nifty Auto, Realty, Energy, are trading higher whereas IT and Media sectors are down.
Stock Market Indexes are likely to open in the green today, IT sector will be in focus
Good morning and welcome to the Indian stock market live today, 11 October at 8 am
Asian market indexes are mostly trading higher on Monday. Nikkei and Hang Seng are trading higher by 1.70 and 1.93 percent respectively while Shanghai is trading 0.38 percent up. The SGX Nifty is trading lower by 7 points or 0.04 percent at 17912 levels.
The indications from other Asian market peers are positive, Indian stock market indexes are likely to open in the green today.
US and European market indexes updates
The US market indexes were trading near their neutral lines and closed marginally lower as September employment data showed only 194000 jobs added compared to 366000 in August. The US market indexes, Dow Jones and S&P 500 were closed lower by 0.03 percent and 0.19 percent respectively while Nasdaq was down by 0.51 percent on 8 October.
European markets closed mixed last Friday due to a rise in oil prices and weak US job data that surprises the market. The market indexes, CAC and DAX closed lower by 0.61 percent and 0.29 percent respectively while FTSE was up by 0.25 percent on Friday.
FIIs and DIIs data
Indian markets gained more than a half percent last Friday 8 October. FIIs and DIIs both were sellers in the cash market on Friday. FIIs sold Rs 64.01 crore while DIIs sold Rs 168.19 crore in the cash market on the last day of the week.
TCS has announced its Q2FY22 earnings on Friday post-market, as per market experts the result is below expectations. The domestic market will first react to the Q2FY22 earnings of TCS. IT sector will be in focus this week as Infosys, Wipro, and HCLTech results will be announced later this week.
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Happy Investing!!
Editor’s Desk
