Sensex Closes 245 Points Higher, Nifty Settles At 10,598: 10 Things To Know
- Top gainers on the 50-scrip index, Nifty, were Mahindra & Mahindra, Infosys, Hindustan Petroleum and Bharat Petroleum, closing between 1.3 per cent and 1.9 per cent higher. Software services exporter Infosys - which closed with a gain of 1.4 per cent - was the top boost to the Nifty.
- Market breadth favoured sharp gains, with 1,352 stocks on the National Stock Exchange closing with gains, against 288 that finished lower. On the BSE, 1,941 stocks climbed whereas 429 fell. (Also read: Samvat 2075 - Analysts share their top stock picks for Diwali 2018)
- The Nifty Auto - a sectoral index on the National Stock Exchange comprising automobile stocks - finished with a gain of 1 per cent from the previous close.
- Mahindra and Mahindra led the gains with a rise of 1.9 per cent and was the biggest percentage gainer on the NSE index. Besides M&M, prominent advancers included Tata Motors DVR and Hero MotoCorp, ending 1.8 per cent and 1.2 per cent higher respectively.
- Manappuram Finance finished 4.9 per cent higher, a day after the non-banking financial company reported strong quarterly earnings.
- Shares in e-tailer Infibeam Avenues surged 14.1 per cent to its best close in over two weeks.
- The key BSE and NSE indices - Sensex and Nifty - fetched returns of 7.4 per cent and 3.1 per cent in Samvat 2074, sharply lower than those of 16 per cent and 17.5 per cent in the previous year (Samvat 2073).
- Both the stock exchanges will remain closed on Thursday for Diwali Balipratipada, and will open next on Friday, November 9.
- Globally, Wall Street stock futures rose on Wednesday after Democrats won control of the US House of Representatives, boosting the party's ability to block US President Donald Trump's political and economic agenda.
- After volatile Asian trade, where stocks and the dollar swung on the Republicans' fluctuating prospects, a pan-European stocks benchmark jumped 0.9 per cent while MSCI's world equity index was up 0.4 per cent, its seventh straight day of gains.Â
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Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
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Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
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AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
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Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
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The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
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Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
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Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
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'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
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Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
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The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
