Sensex, Nifty Surge To Record Highs On Global Trade Optimism
- The Sensex surged 413 points or 1.01 per cent to close at record high of 41,352 and the NSE Nifty 50 index rose 111 points to all-time closing high of 12,165.
- Wall Street had touched record highs for the third straight session on Monday after US President Donald Trump approved a phase one trade deal with China and economic data from China showed that industrial output and retail sales growth accelerated in November.
- Taking cue from Wall Street and upbeat domestic data from China, Asian shares rose to their highest in more than a year this morning and the positive sentiment has rubbed on to the Indian markets.
- HDFC twins, Infosys, Tata Consultancy Services, ITC and Bharti Airtel were top movers in the Sensex. They collectively contributed nearly 300 points towards gain in the Sensex.
- Eight of 11 sector gauges compiled by the National Stock Exchange ended higher led by the Nifty Metal and Telecom indexes over 3 per cent gain. S&P BSE Information Technology, Finance, Industrials and Power sector gauges also rose between 0.7 and 1.7 per cent each.
- On the other hand, S&P BSE Consumer Durables index was top loser, down 0.7 per cent.
- Mid- and small-cap shares underperformed their larger peers as the S&P BSE MidCap index rose 0.4 per cent and S&P BSE SmallCap index advanced 0.7 per cent.
- Tata Steel was top gainer in the Nifty 50 basket of shares, the stock rose nearly 5 per cent to Rs 441. Bharti Airtel, Vedanta, Hindalco, Tata Motors, Bajaj Finance and Infosys also rose between 2.6-4.5 per cent each.
- On the flipside, Sun Pharma, GAIL India, Bajaj Auto, Mahindra & Mahindra, Titan and Hindustan Unilever were among the laggards.
- Among the individual shares, Reliance Industries 0.8 per cent to an intraday high of Rs 1,567 after it signed an agreement with BP Plc. for India-wide fuel retail service station network and aviation fuel marketing business.
-
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.
-
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.
-
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.
-
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.
-
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.
-
'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.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
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.
-
Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.
-
Why Amazon And Flipkart Are Struggling To Beat Meesho In India's Smaller Cities
With 274 million users and lowest-cost logistics, Meesho is defending its value commerce crown against giants like Amazon and Flipkart.
