Stock Market Today: Nifty, Sensex End Samvat 2081 At Over One-Year High; Bank Stocks Lead Surge
The NSE Nifty Midcap 150 and NSE Smallcap 250 rose in line with benchmark indices.
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Market At Close: Nifty, Sensex Close At Over One-Year High
Benchmarks gain for the 4th straight day; Nifty close above 25,800 mark.
Reliance Industries and Cipla are the top gainers in Nifty
Reliance Industries and Cipla gain over 3% for the day
Nifty Midcap 150 ends in green; MRPL and IDFC First Bank are the top gainer in Nifty Midcap 150
Nifty Smallcap 250 ends in green; Ceat and RBL Bank are the top gainers in Nifty Smallcap 250
RBL bank gain over 8% for the day as Emirates NBD to invest $3 Bln to buy 60% stake.
Sectors end on a positive note barring Nifty Auto and Financial Services
Nifty PSU Bank is the sectoral gainer, Gains led by Bank Of India & Central Bank Of India
Nifty PSU Bank snaps 2-day losing streak
Nifty Oil and Gas, Realty, Pharma and Bank gain for the 4th straight day
Nifty Auto snaps 3-day gaining streak
Nifty Metal falls for the 2-day in a row
Rupee Closes Stronger Against US Dollar
Rupee closed 4 paise higher at 87.93 against US dollar
It closed at 87.97 a dollar on Friday
Source: Bloomberg
Stock Market LIVE: Samvat 2081 To 2082: Sectoral Winners To Losers
Samvat 2082 has arrived and India's stock market is poised to maintain its momentum. From last Diwali, the market has shown a mixed to positive trend for the period. The benchmark Nifty 50 index delivered a moderate return of 6%. The Nifty Bank was the standout performer among the major indices, posting a strong gain of 12%.
The Nifty Midcap100 also ended in positive territory with a 5% gain. However, the smaller-cap segment underperformed significantly, with the Nifty Smallcap 250 declining by 4%. Notably, both the Nifty and Sensex are closing in on their life highs touched in September 2024.
Read full story below.
Stock Market LIVE: Ceat Share Price At Life High
Ceat Ltd. shares hit life high on Monday after second quarter financial results came higher than expected.
Consolidated revenue grew by 14% year-on-year to Rs 3,772 crore, beating the Bloomberg consensus estimate of Rs 3,673 crore. Net Profit jumped by 52% to Rs 185 crore against the estimated Rs 140 crore.
Operational profitability improved with Ebitda rising by 39% to Rs 506 crore, exceeding the Rs 428 crore estimate. Ebitda margin expanded by 240 basis points, reaching 13.4%, compared to a forecast of 11.7%.
