Sensex rallies 345 pts, Nifty nears 10,900; Banking stocks gain

stock market highIndia’s share markets extended the session at fresh lifetime highs tracking global cues, and after media report that the govt is allowing 100 percent FDI in the banking sector. The BSE Sensex gained 344.69 points at 35,426.51 while NSE Nifty added 78 points to mark the new high of 10,866.50 on Thursday, later morning.

The value buying in the shares such as ICICI Bank, HDFCs, SBI, ITC, Axis Bank, HUL, L&T and Yes Bank led the key equity indices to fresh record peaks.

Banking stocks gained after media reports that the govt considered allowing 100 percent FDI in the banking sector. Effectively, ICICI Bank, SBI, HDFC Bank, Yes Bank, Axis Bank, PNB, Federal Bank, Bank of Baroda, Indusind Bank rose in different extents.

Shares of SBI, HDFC Bank, Hero MotoCorp, ICICI Bank and Yes Bank were the top five gainers among the Sensex stocks on Thursday.

Shares of Yes Bank jumped 3.36 pct to the day’s high of Rs. 354 ahead of its Q-3 earnings, while stocks of HDFC Bank rose 2.32% to hit an all-time peak of Rs. 1,935.

Shares of UltraTech Cement, Adani Ports SEZ, Yes Bank and Bharti Airtel will be watched ahead of their respective third-quarter earnings scheduled today.

 

Nifty gainers and losers

Sensex trades above 34,900, Nifty near 10,760, IT stocks rise

stock market upMarket began on a positive note on Tuesday with key indices opening a little higher as good growth in industrial output and a global shares rally picked up investors’ sentiment. The BSE index Sensex was up 69.80 points at 34,913.31 and the NSE Nifty was up 16 points at 10,757.55 in the morning hours.

Shares of prominent companies such as Tata Consultancy services, Infosys Ltd, Wipro Ltd, HCL Tech and Tech Mahindra inched up in the morning trades.

Shares of Federal Bank fell 3.3 percent to Rs. 110.45 after the bank reported higher gross and net slippages.

Shares of HDFC shed over 1 percent on the back of profit booking after the Company’s share jumped over 7 percent intraday to hit an all-time peak with its M-Cap crossing Rs 3.00 lakh crore yesterday .

Shares of Hindustan Unilever Ltd rose about 1.6 percent to a 52-week high of Rs 1,389 in the morning hours.

Shares of TCS, Wipro, Infosys, Bharti Airtel, and HUL were among the top gainers on BSE Sensex while HDFC, Reliance Industries, Tata Steel, Asian Paints and Power Grid fell upto 1.5 percent with HDFC losing the most.

Sensex jumps 146 points as Modi led BJP won the assembly election in Gujarat & H.P

stock market highKey indices edged higher on Tuesday after Narendra Modi led BJP won the assembly election in Gujarat and Himachal Pradesh. BSE Sensex gained 98.08 points to open at 33,699.76 whereas NSE Nifty jumped 30.65 points to begin at 10,419.40 in late morning hours. Shares of Tata Motors, Hero MotoCorp, Coal India, and ONGC were the top gainers in the early trade. 

Shares of Tata Motors Ltd, Coal India, Hero MotoCorp Ltd, ONGC, Maruti Suzuki, Dr Reddy’s gained up to 1.6% while Infosys, IndusInd Bank, Bharti Airtel, HDFC, Kotak Mahindra Bank lost up to 0.7 percent.

The stock of Bharti Airtel shed 0.97 percent to the day’s low of Rs 521 after it has signed an agreement with Millicom International Cellular S.A. 

Shares of LT Foods Ltd rose 4.3 percent to Rs. 84.55 after the company said its Qualified Institutional placement (QIP) opens with a floor price at Rs. 79.13 per share.

The rupee was trading higher against the U.S dollar and was trading at 64.18 a dollar, up 0.09 percent from its last day’s close of 64.24.

Strong market breadth; Sensex gains nearly 230 points, Nifty reclaims 10,119

Sensex Nifty rise todaySensex & Nifty extended initial gains and hit new intraday high in morning session, on Thursday. At 10.50 am, the BSE Sensex jumped 236.72 points to hit the day’s high of 32,833.90 while NSE Nifty edged up 74.90 points to mark the day’s high at 10,119.00. Investors mostly felt to get a relief after macro-economic ridden week ended on Wednesday with RBI fifth bi-monthly monetary policy keeping the repo rate unchanged at 6 percent.

Metal mostly rose with Hindustan Copper (up 2.38%), SAIL (up 1.71%), JSW Steel (up 1.40%), Jindal Steel (up 1.36%), Tata Steel (up 1.23%), Bhushan Steel (up 0.98%), nalco (up 0.92%), among others.

All the sectoral stocks of NSE have traded in the green with Nifty Auto, Metal, Realty, and PSU Bank index leading the gains.

Shares of Tata Steel, NTPC, Hero MotoCorp, Maruti, L&T and Bajaj Auto were leading the charge while shares of Wipro, Sun Pharma, and RIL falling a little in the early trades.

The heavyweight shares of State Bank of India, L&T, Maruti Suzuki, ICICI Bank contributed the most to the Sensex gains.

Sensex & Nifty open weak ahead of RBI policy; rupee falls against USD

stock market down Stock Tips – Sensex, Nifty opened lower on Wednesday before the outcome RBI’s bi-monthly policy meeting due later today. At 11 am, BSE Sensex lost 68.78 points to 32,735.66 while NSE Nifty dropped 29.30 points at 10,088.95. The Indian rupee falls 6 paise to 64.44 against the U.S dollar at the interbank FX market ahead of the result of RBI’s monetary policy.

Shares of Reliance Industries cut the losses of key indices whereas, HDFC Bank, State Bank of India, ICICI Bank, ITC, HDFC dragged.

Shares of Infosys Ltd, Coal India Ltd, Kotak Mahindra Bank and Sun Pharma were the only major gainers on Sensex after Reliance, rose up to 0.6 percent while SBI, Tata Steel, Hero MotoCorp, Bajaj Auto and ITC traded in red.

In Nifty-50 pack, shares of Tech Mahindra, Reliance Industries, Infosys, Kotak Mahindra Bank and Zee Entertainment were the top gainers, while Hindalco Vedanta, Tata Steel, Bajaj Auto and Eicher were the top losers in today’s trade.