Monday, 3 October 2016

Sensex rallies over 350 points; Metal, Auto stocks lead

Closing Bell:
Finally, the BSE Sensex ended with a gain of 377 points at 28,243. The BSE Sensex opened at 27,997 touched an intra-day high of 28,273 and low of 27,920.

The NSE Nifty closed with a gain of 127 points at 8,738. The NSE Nifty opened at 8,666 hitting a high of 8,745 and low of 8,635.

Among the 50 stocks of the Nifty, Zee, Eicher Motors, Maruti Suzuki, Hero MotoCorp, Power Grid, Adani Ports and Asian Paints were among the gainers, whereas TCS, Bharti Infratel and Bosch were among the losers today.

Live Market:

The India equity market opened higher on Monday on supportive global cues. The domestic market makes a sharp move after Pakistan PM Advisor confirms that India & Pakistan has decided to reduce tensions, as per TV report. 

The domestic market extended gains for the second day on optimistic buying ahead of the RBI policy review on Tuesday amid a firming rupee. The market are trading near day’s high led by strong gains among rate-sensitive sectors like auto, financials and realty.

The Nikkei Markit India Manufacturing Purchasing Managers' Index (PMI) a gauge of manufacturing performance settled at 52.1 in September, from 52.6 in August.

The S&P BSE Sensex is trading at 28,248 up 382 points, while NSE Nifty is trading at 8,732 up 121 points.

The BSE Mid-cap Index is trading up 2.20% at 13,457 whereas BSE Small-cap Index is trading up 2.36% at 13,082.

Adani Ports, Maruti Suzuki, M&M, Hero MotoCorp and Asian Paints are among the gainers, whereas TCS, Infosys, HUL, ICICI Bank and Wipro are losing sheen on BSE.

Some buying activity is seen in realty, auto, media, capital goods, metal and pharma sectors, while IT is showing weakness on NSE.

The INDIA VIX is down 5.54% at 16.2775. Out of 1,871 stocks traded on the NSE, 212 declined, 1,394 advanced and 265 remained unchanged today.

A total of 55 stocks registered a fresh 52-week high in trades today, while 15 stocks touched a new 52-week low on the NSE.

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