Equity indices on firm footing, realty stocks surge
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Equity indices on firm footing, realty stocks surge
Equity benchmark indices were upbeat during early hours on Tuesday with fresh buying from foreign and domestic buyers amid firm cues from their Asian peers.
At 10:15 am, the BSE SandP Sensex was up by 422 points or 0.87 per cent at 48,986 while the Nifty 50 surged by 117 points or 0.82 per cent to 14,398.
All sectoral indices at the National Stock Exchange were in the green zone with Nifty realty jumping by 4.5 per cent, PSU bank by 1.4 per cent, financial service by 0.9 per cent and auto by 0.8 per cent.
Among stocks, Godrej Properties was up by 3.9 per cent to Rs 1,408.60 per share DLF Ltd surged ahead with gains of 6.3 per cent to Rs 294.20.
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Equity benchmark indices were in the positive terrain during early hours on Tuesday with energy and IT stocks witnessing substantial gains amid positive global trends. At 10:15 am, the BSE S and P Sensex was up by 514 points or 1.03 per cent at 50,364 while the Nifty 50 ticked up by 154 points or 1.03 per cent to 14,915. All sectoral indices at the National Stock Exchange were in the green with Nifty IT up by 2.1 per cent, realty by 0.9 per cent and private bank by 0.7 per cent. Among stocks, Bharat Petroleum Corporation rose by 5.4 per cent to Rs 479.85 per share after the company said it will exit Numaligarh refinery in Assam by selling its entire stake to a consortium of Oil India Ltd and Engineers India Ltd for Rs 9,876 crore. Power utility NTPC was up by 3.7 per cent to Rs 112.45 while IndianOil Corporation edged higher by 3.2 per cent to Rs 103.95. IT majors Wipro, Infosys, Tech Mahindra and Tata Consultancy Services were traded higher by about 2 per cent. However, ONGC fell by 1.3 per cent to Rs 115.55 per share. Hindalco, HDFC, Eicher Motors, Kotak Mahindra Bank and Dr Reddy's traded with a negative bias. Meanwhile, Asia extended the global rally in stocks as a halt in a recent bond markets sell-off eased investor nerves and lifted riskier assets. MSCI's broadest index of Asia Pacific shares outside Japan firmed by 0.97 per cent while Japan's Nikkei was slightly down by 0.12 per cent. Chinese blue-chips gained by 0.58 per cent while Hong Kong's Hang Seng advanced by 0.9 per cent, helped by steady and robust demand from investors in mainland China for shares in the Asian financial hub.
Equity benchmark indices closed nearly 1 per cent lower after a choppy trading session on Friday with PSU bank and metal stocks incurring substantial losses amid weak global cues. At the closing bell, the BSE S-P Sensex was down by 441 points or 0.87 per cent lower at 50,405 while the Nifty 50 edged lower by 143 points or 0.95 per cent to 14,938. All sectoral indices at the National Stock Exchange were in the red with Nifty PSU bank down by 3.9 per cent, private bank by 1.6 per cent, metal by 2.7 per cent and IT by 1.5 per cent. Among stocks, IndusInd Bank fell by 4.5 per cent to Rs 1,043 per share while State Bank of India was down by 2.6 per cent to Rs 385.35.IT major Wipro slipped by 3.8 per cent while Tata Motors skidded by 3.7 per cent to Rs 326.45.
Equity benchmark indices fell by over 1 per cent on Thursday as concerns over spike in bond yields rekindled globally. The BSE S-P Sensex closed 599 points or 1.16 per cent lower at 50,846 while the Nifty 50 tumbled by 165 points or 1.08 per cent to 15,081. Most sectoral indices at the National Stock Exchange were in the negative terrain with Nifty metal down by 2 per cent, financial service by 1.8 per cent and private bank by 1.2 per cent. Among stocks, JSW Steel dropped by 2.9 per cent to Rs 415.50 per share while Hindalco was down by 2.6 per cent to Rs 349.90. Tata Steel too dipped by 2.5 per cent to Rs 757.60 per share. Banking and financial stocks fell with HDFC down by 2.6 per cent, Bajaj Finserv by 2.3 per cent, Axis Bank by 2.2 per cent, HDFC Bank by 2.1 per cent and State Bank of India by 2 per cent. Tata Motors and Larsen - Toubro also traded in the negative terrain. However, UltraTech Cement jumped by 3.9 per cent to close at Rs 6,755 per share.
Equity benchmark indices traded higher by 0.8 per cent during early hours on Wednesday with metal stocks witnessing smart gains amid mixed global trends. At 10:15 am, the BSE SandP Sensex was up by 390 points or 0.78 per cent at 50,687 while the Nifty 50 edged higher by 125 points or 0.84 per cent to 15,044.Except for Nifty auto which slid slightly, all sectoral indices at the National Stock Exchange were in the positive zone with Nifty metal up by 3.2 per cent, PSU bank by 1.7 per cent and realty by 1.2 per cent. Among stocks, Tata Steel rose by 5.5 per cent to Rs 775.80 per share while JSW Steel and Hindalco moved up by 4.1 per cent and 2.6 per cent respectively. The other prominent gainers were Adani Ports, Tata Motors, HDFC, State Bank of India, SBI Life, Axis Bank and UltraTech Cement.However, auto stocks skidded with Hero MotoCorp down by 1.5 per cent to Res 3,423.60 per share. Bajaj Auto slipped by 1.4 per cent, Maruti Suzuki by 1.3 per cent, Mahindra and Mahindra by 0.6 per cent and Eicher Motors by 0.1 per cent. Ircon International was down by 5.8 per cent as the offer for sale opened for up to 16 per cent government stake at a floor price of Rs 88 per share in the railway PSU. Meanwhile, Asian shares edged higher as investors shrugged off concerns that stocks may have rallied too far too fast in the past year. MSCI's broadest index of Asia Pacific shares outside Japan was up by 0.44 per cent. Japan's Nikkei stock index rose only 0.03 per cent and shares in China gained by 0.63 per cent.
Equity benchmark indices fell sharply during early hours on Thursday as traders booked profit on weak global cues. At 10:15 am, the BSE SandP Sensex was down by 650 points or 1.26 per cent at 50,795 while the Nifty 50 edged lower by 194 points or 1.27 per cent to 15,052. All sectoral indices at the National Stock Exchange were in the negative terrain with Nifty metal down by 2.9 per cent, PSU bank and financial service by 2.3 per cent each, and auto by 1.3 per cent. Among stocks, JSW Steel dropped by 3.4 per cent to Rs 413.65 per share while Tata Steel was down by 3.2 per cent to Rs 752.25. Hindalco too dipped by 2.6 per cent to Rs 349.80 per share. Banking and financial stocks too fell with HDFC down by 3 per cent, Bajaj Finserv by 2.8 per cent, HDFC Bank by 2.7 per cent, Axis Bank by 2.5 per cent and ICICI Bank by 2.4 per cent. However, Adani Ports, ONGC, Grasim and Tech Mahindra traded with a positive bias. Meanwhile, resurgent worries about rising US bond yields hit global shares as investors waited to see if Federal Reserve Chair Jerome Powell will address concerns about the risk of a rapid rise in long-term borrowing costs. The MSCI's ex-Japan Asian Pacific shares lost by 1.7 per cent in early trade while Japan's Nikkei fell by 2.46 per cent. Hong Kong's Hang Seng index was down by 2.53 per cent, South Korea's Kospi by 1.93 per cent and Shanghai composite by 1.58 per cent.
Equity benchmark indices moved up marginally during early hours on Tuesday but remained under pressure amid growing concerns over the spread over Covid-19 infections in Maharashtra. At 10:15 am, the BSE S-P Sensex was up by 226 points or 0.45 per cent at 49,970 while the Nifty 50 edged ticked up by 65 points or 0.44 per cent to 14,740. Except for Nifty pharma, all sectoral indices at the National Stock Exchange were in the green zone with Nifty realty gaining by 3 per cent, metal by 1.3 per cent and PSU bank by 1.2 per cent. Among stocks, DLF was up by 4 per cent to Rs 305.25 per share while Godrej Properties advanced by 2.6 per cent to Rs 1,485. Energy major ONGC jumped by 6.4 per cent to Rs 113.15 per share.
Equity benchmark indices ended flat on Friday but private banks showed some gains despite a volatile trading session. The BSE SandP Sensex closed 13 points or 0.02 per cent higher at 51,544 but the Nifty 50 fell by 10 points or 0.07 per cent to 15,163.Sectoral indices at the National Stock Exchange were mixed with Nifty private bank and financial service up by 0.9 per cent. But Nifty FMCG was down by 1.5 per cent and metal by 1.7 per cent. Among stocks, ICICI Bank climbed up by 2.6 per cent to Rs 647.50 per share while Axis Bank surged ahead by 1.2 per cent, HDFC Bank by 0.8 per cent and State Bank of India by 0.7 per cent. The other gainers included Adani Ports, Infosys, Wipro, HDFC, Bajaj Finserv and Grasim. However, diversified conglomerate ITC was down by 3.8 per cent to Rs 217.70 per share after reporting a consolidated net profit of Rs 3,587 crore in Q3 FY21, down 11 per cent from Rs 4,050 crore year-on-year.Energy majors Coal India, ONGC, GAIL and NTPC along with metal giants Tata Steel and Hindalco were also in the negative territory.
Equity benchmark indices jumped by nearly 3 per cent during early hours on Tuesday as investors continued their positive reaction to the Union Budget amid strong global cues. At 10:15 am, the BSE SandP Sensex was up by 1,312 points or 2.7 per cent at 49,912 while the Nifty 50 edged higher by 390 points or 2.73 per cent to 14,671. All sectoral indices at the National Stock Exchange were in the positive terrain with Nifty financial service gaining by 3.7 per cent, private bank by 3.5 per cent, PSU bank by 3.2 per cent and auto by 3.1 per cent. Among stocks, Tata Motors accelerated by 9.2 per cent to Rs 305.50 per share while infrastructure major Larsen and Toubro too gained by 9 per cent to Rs 1,559.10.HDFC Bank moved up by 5.8 per cent, Axis Bank by 4.2 per cent and State Bank of India by 4 per cent. The other major gainers were housing finance major HDFC, Bajaj Finance, UPL, Grasim and Mahindra and Mahindra. However, those which lost were Hero MotoCorp, HDFC Life, Hindustan Lever and Dr Reddy's. Meanwhile, Asian stock markets extended gains on increased optimism about stimulus packages and global economic recovery.
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