Markets Today
Sensex ends above 11,500
The benchmark index finished stronger for the second straight day after experiencing hiccups in the afternoon session of trade, as blue-chip counters found support.The BSE 30-shares Sensex ended with gain of 40.25 points (0.35%), on 11,531.95.The benchmark index had opened strong, at 11,589.35, beginning from where it left off the 125-point surge from yesterday. It went ahead and struck 11,635.25, in early trade itself. It also slipped to a low of 11,542.10.The Sensex has moved in a range of 93 points for the day’s trading.The S&P CNX Nifty rose 16.75 points (0.50%), to 3,387.15
Even as the benchmark index scampered up and down, the market breath remained rock solid. The advance-decline ratio on BSE was pegged at close to 1.32:1; 1,424 shares advancing compared to 1,076 that declined. A total of 67 shares remained unchanged. The BSE Mid-Cap rose 0.89%, while the BSE Small-Cap index advanced 0.84%.
The total turnover on BSE amounted to Rs 3,165 crore, compared to Thursday’s Rs 3,165 crore.Among the 30 Sensex pack, 18 advanced while 12 slipped.
PSU banking major, SBI was the biggest gainer, up 3.37% to Rs 903.60 on 11.84 lakh shares. It has moved in a range of Rs 882 - 913.80. The Cabinet has approved amendments to the SBI Act, allowing RBI's stake to be cut from 55% to 51%. As per the SBI Act amendment, the bank will now be able to raise fresh funds from the capital market. The Union Cabinet has also allowed SBI to issue bonus as well as preference shares.
Aluminium and Copper major, Hindalco, jumped 3.05% to Rs 173 on a high volume of 29.26 lakh shares.
FMCG major, HLL, advanced 2.35% to Rs 237.15 on 12.57 lakh shares.
Tata Steel (up 2.15% to Rs 528.40 on 17.16 lakh shares) and Bajaj Auto (up 1.83% to Rs 2745 on 59,884 shares) were the other gainers.
Index heavyweight RIL added 0.31%, to Rs 1,110 on 20.24 lakh shares. It surged to a high of Rs 1,124.90, and also slipped to a low of 1,102.
REL (down 2.10% to Rs 446.80), Tata Motors (down 1.45% to Rs 848) and NTPC (down 1.30% to Rs 124.50) were the major losers.
RIL was the top-traded counter on BSE with a total turnover of Rs 225.29 crore, followed by Mahindra Gesco Developers (Rs 109.42 crore) and SBI (Rs 107.26 crore).
The Nikkei share average fell 0.14% on Friday, posting its first weekly loss in five weeks, as Toyota Motor Corp., and other recent gainers declined on lacklustre outlook for the key US market. The Nikkei 225 index ended 21.96 points lower, at 15,938.66. For the week, it fell 1.04%. It had risen as high as 1.23% during the morning, before falling in afternoon.
The Hang Seng index rose 72.41 points (0.43%), to 16,955.45.Crude oil prices inched higher, the Nymex crude oil rising 0.63 cents to $ 72.99 per barrel.As per provisional data, FIIs sold shares worth a net Rs 24 crore on 24 August (yesterday), the day when the Sensex surged 125 points.
US stocks ended flat on Thursday as consumer durable goods report exceeded forecast. The Dow Jones industrial average rose 6.56 points, or 0.06%, to 11,304.46. The Nasdaq composite index rose 2.45 points, or 0.11%, to 2,137.11.
The benchmark index finished stronger for the second straight day after experiencing hiccups in the afternoon session of trade, as blue-chip counters found support.The BSE 30-shares Sensex ended with gain of 40.25 points (0.35%), on 11,531.95.The benchmark index had opened strong, at 11,589.35, beginning from where it left off the 125-point surge from yesterday. It went ahead and struck 11,635.25, in early trade itself. It also slipped to a low of 11,542.10.The Sensex has moved in a range of 93 points for the day’s trading.The S&P CNX Nifty rose 16.75 points (0.50%), to 3,387.15
Even as the benchmark index scampered up and down, the market breath remained rock solid. The advance-decline ratio on BSE was pegged at close to 1.32:1; 1,424 shares advancing compared to 1,076 that declined. A total of 67 shares remained unchanged. The BSE Mid-Cap rose 0.89%, while the BSE Small-Cap index advanced 0.84%.
The total turnover on BSE amounted to Rs 3,165 crore, compared to Thursday’s Rs 3,165 crore.Among the 30 Sensex pack, 18 advanced while 12 slipped.
PSU banking major, SBI was the biggest gainer, up 3.37% to Rs 903.60 on 11.84 lakh shares. It has moved in a range of Rs 882 - 913.80. The Cabinet has approved amendments to the SBI Act, allowing RBI's stake to be cut from 55% to 51%. As per the SBI Act amendment, the bank will now be able to raise fresh funds from the capital market. The Union Cabinet has also allowed SBI to issue bonus as well as preference shares.
Aluminium and Copper major, Hindalco, jumped 3.05% to Rs 173 on a high volume of 29.26 lakh shares.
FMCG major, HLL, advanced 2.35% to Rs 237.15 on 12.57 lakh shares.
Tata Steel (up 2.15% to Rs 528.40 on 17.16 lakh shares) and Bajaj Auto (up 1.83% to Rs 2745 on 59,884 shares) were the other gainers.
Index heavyweight RIL added 0.31%, to Rs 1,110 on 20.24 lakh shares. It surged to a high of Rs 1,124.90, and also slipped to a low of 1,102.
REL (down 2.10% to Rs 446.80), Tata Motors (down 1.45% to Rs 848) and NTPC (down 1.30% to Rs 124.50) were the major losers.
RIL was the top-traded counter on BSE with a total turnover of Rs 225.29 crore, followed by Mahindra Gesco Developers (Rs 109.42 crore) and SBI (Rs 107.26 crore).
The Nikkei share average fell 0.14% on Friday, posting its first weekly loss in five weeks, as Toyota Motor Corp., and other recent gainers declined on lacklustre outlook for the key US market. The Nikkei 225 index ended 21.96 points lower, at 15,938.66. For the week, it fell 1.04%. It had risen as high as 1.23% during the morning, before falling in afternoon.
The Hang Seng index rose 72.41 points (0.43%), to 16,955.45.Crude oil prices inched higher, the Nymex crude oil rising 0.63 cents to $ 72.99 per barrel.As per provisional data, FIIs sold shares worth a net Rs 24 crore on 24 August (yesterday), the day when the Sensex surged 125 points.
US stocks ended flat on Thursday as consumer durable goods report exceeded forecast. The Dow Jones industrial average rose 6.56 points, or 0.06%, to 11,304.46. The Nasdaq composite index rose 2.45 points, or 0.11%, to 2,137.11.
posted by saylee at 4:20 AM
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