Markets

News Details

( 12 Oct 2017)
Post Session: Sensex, Nifty end 1% higher ahead of inflation number; TCS up 2% ahead of Q2

The Indian equity benchmark resumed gaining momentum after a day break on Thursday, tracking firm cues from Asia peers, led by gains in index heavyweights such as RIL, TCS, Sun Pharma, Axis Bank, Bharti Infratel and HUL. IndusInd Bank rose 1.5 per cent after private sector lender reported 25 percent year on year (YoY) growth in its September quarter net profit at Rs 880.1 crore against Rs 704.3 crore during the same quarter last year. TCS ends 2 per cent higher ahead of quarterly earnings report which is scheduled to be released later today. On the economy front, India’s inflation data for the month of September will also be released later today.

The 30-share barometer SENSEX closed at 32182.22, up by 348.23 points or by 1.09 per cent, and the NSE Nifty ended at 10096.4, up by 111.6 points or by 1.12 per cent.

During the day’s trade, Sensex touched intraday high of 32209.03 and intraday low of 31813.67, while the NSE Nifty touched intraday high of 10104.45 and intraday low of 9977.1.

The top gainers of the BSE Sensex pack were Reliance Industries Ltd. (Rs. 872.50,+3.82%), Sun Pharmaceutical Industries Ltd. (Rs. 539.40,+2.59%), Tata Consultancy Services Ltd. (Rs. 2548.55,+1.92%), Axis Bank Ltd. (Rs. 524.65,+1.77%), Hindustan Unilever Ltd. (Rs. 1238.20,+1.71%), among others.

On the flip side, Bharti Airtel Ltd. (Rs. 398.70,-1.17%), Coal India Ltd. (Rs. 282.40,-0.46%), Infosys Ltd. (Rs. 927.15,-0.37%), Power Grid Corporation of India Ltd. (Rs. 202.40,-0.17%), Asian Paints Ltd. (Rs. 1159.80,-0.06%), were among top losers on BSE.

On the sectoral front, all the thirteen indices ended in green, while metal and realty stocks emerged as top gainers, rising as much as 1.9 per cent and 1.49 per cent respectively.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2963, shares advanced were 1794, while 1025 shares declined, and 144 were unchanged.