Stock Market Today: Nifty, Sensex Rebound As Infosys, HDFC Bank Lead
The Nifty 50 ended 0.66% higher at 25,127.95 and the Sensex ended 0.73% at 81,973.05.
NSE Headquarter In BKC, Mumbai. (Source: Vijay Sartape/NDTV Profit)
KEY HIGHLIGHTS
US Futures Trade Little Change
Futures contract of US benchmark indices traded with little change at 3:27 p.m. Dow Jones was at 43,109.00 down 0.08% while S&P 500 rose 0.12% to 5,868 and Dow Jones rose 0.18% to 20,486.25.
Economic Data Releases And Events For Oct 14
Japan: Banks are closed for Health and Sports Day
US: Banks are closed for Columbus Day
US: Federal Reserve Bank of Minneapolis President Neel Kashkari will participate in a panel discussion at the Central Bank of Argentina's Money and Banking Conference, in Buenos Aires — 6:30 p.m. IST
Nifty, Sensex End At Over One–Week High Ahead Of RIL, HCL Tech Q2 Earning: Market Wrap
The NSE Nifty 50 and BSE Sensex rebounded from Friday's losses tracking sharp gains in Infosys Ltd., and HDFC Bank Ltd. share prices. The indices at over one–week high on Monday.
The Nifty 50 ended 0.66% higher at 25,127.95 and the Sensex ended 0.73% at 81,973.05, marking their highest close since Oct 3.
Market participants await earnings from Reliance Industries Ltd., HCL Technologies Ltd. To get live updates on RIL Q2 earnings click here.
During the session, the Nifty 50 rose 0.78% to 25,159.75, and the Sensex rose 0.85% to 82,072.17.
"A bullish Marubozu Open candlestick pattern was formed on the daily chart and breached its congestion zone and 50DMA hurdle; however, in the lower timeframe i.e. hourly chart, a convincing move above 25,200 will confirm the same. On the downside, the psychological level of 25,000 will work as immediate support and on the flip side, 25,160-25,200 will be considered a resistance zone," said Aditya Gaggar, director, Progressive Shares.
Infosys Ltd., HDFC Bank Ltd., Larsen & Toubro Ltd., ICICI Bank Ltd., and Kotak Mahindra Bank Ltd. added to the index.
Nestle India Ltd. Maruti Suzuki India Ltd., Bajaj Finance Ltd., Oil and Natural Gas Corp, and Tata Steel Ltd. weighed on the index.
On NSE, nine sectors advanced, three declined out of 12. The NSE Nifty Realty rose the most, and the NSE Nifty Media declined the most.
Broader indices underperformed with BSE Midcap adding 0.28% and BSE Smallcap closing 0.06% higher.
Four of the 20 sectoral indices ended lower and 16 rose. BSE Realty rose the most.
Market breadth was skewed in the favour of buyers. As many as 2,070 stocks rose, 1,972 declined, and 153 remained unchanged on the BSE.
Rupee Ends Flat Against US Dollar
Rupee closed flat at 84.06 against the US dollar. It closed at 84.07 on Friday, according to data on Bloomberg.
Rupee closed flat at 84.06 against the US dollar
Market At Close
The NSE Nifty 50 and BSE Sensex ended at over one–week high.
Infosys Ltd., HDFC Bank Ltd. were top leaders in the index.
Maruti Suzuki India Ltd., and Nestle India Ltd. were top losers in the index.
The NSE Nifty Realty and Nifty IT were top gainers among sectoral indices.
The NSE Nifty Midcap 150 ended 0.38% higher at 22,061.75.
The NSE Nifty Smallcap 250 ended 0.29% higher at 18,265.15.
