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Better world indices and tighter crude oil prices prompted participants to buy more.
Senbad recorded gains in the second half, in line with the rise in European equities.
Investors are now waiting for key national and global macroeconomic figures for this week. All eyes are also on what is happening at the Trump-Xi meeting at the G20 summit in Argentina later this month.
By recording a decent gain of 373 points, or 1.07%, the BSE Senbad closed at 35,354.08. Hero MotoCorp was the winner of the day, up 5.02%. Hindustan Unilever (+ 4.21%), Wipro (+ 3.76%), Asian Paints (+ 2.72%) and Axis Bank (+ 2.69%) also performed well.
YES Bank (3.89%), ONGC (3.58%), Sun Pharma (2.88%) and Vedanta (1.90%) were losers.
Mid-caps and small caps did not follow the Senbad benchmark, as the BSC Midcap and Smallcap indices were stabilized by 0.06% and 0.15%, respectively.
The Nifty50 closed the day at 10,628.60 with a gain of 102 points or 0.97%.
Here are the highlights of Monday's session.
79,000 crores of rupees created
On a cumulative basis, investors in the BSE sector have earned 79,093 crores of rupees while the overall market capitalization of companies listed in BSE it stood at 1.40,25,001,70 crore. November 22nd.
Inventory update
YES bank shares fell about 7% during the day, but fell slightly to close at 187.95 rupees, a decrease of 3%. , 89% on BSE after ETNow reported, citing sources, that a private sector developer the lender prepaid 200 crores of annuity from each of the non-convertible debentures (NCDs) held by Reliance Mutual Fund and Franklin Templeton.
Jet Airways (India) fell 1.98% to 302.70 rupees, as a result of reports of poor financial health of the besieged airline. According to the media, the founding president, Naresh Goyal, is expected to join Etihad Airways to invest more in its own funds to overcome the current financial crisis in its airline.
The shares of Oil India fell 2.24% to Rs 200.40, after the rating agency Moody's said that the company's stock repurchase plan was negative in terms of credit. Moody 's said on Friday that Oil India' s proposal to buy back shares worth about 1 086 crores of rupees ($ 153.80 million) was negative for credit.
Bharti Airtel shares recorded a decent gain of 1.84% to Rs334 after the telecommunications giant said its African branch had named eight global banks, including JP Morgan, Citigroup and Goldman Sachs , to work on its initial public offering plan. an international stock exchange.
Sun Pharma, in a case on BSE, announced today that it has entered into a definitive agreement for the acquisition of Pola Pharma in Japan. The shares of the company closed at 2.88% to Rs 510.65.
Arrow in Open Interest
Financing company Shriram Transport had the largest increase in open interest with 46.50% in the NSE market, followed by Pidilite Industries (39.85%), Marico (33.70%), Godrej Consumer Products (33.39%) and Havells India (32.93%).
More than 150 values at the lowest in 52 weeks
Defying the positive sentiment of the market, no less than 152 stocks, including Vedanta, BASF India, CARE Ratings, Finolex Cables, Honda Siel Power Products and Hexaware Technologies, hit their lowest of 52 weeks on the BSE. Meanwhile, 42 stocks, including Hathway Bhawani Cabletel & Datacom and Atul, reached their highest level in 52 weeks.
The Rupee interrupts its seven-session winning streak
By winning the consecutive winning streak of seven consecutive sessions, the national unit has dropped 17 paise to 70.8675 against a dollar after that the greenback has slightly stabilized thanks to some purchases from banks and importers.
Overbought and oversold actions
The Momentary Oscillator Relative Strength Index, or RSI, indicates 53 stocks in the oversold area of BSE. Indosolar, Gitanjali Gems, Alchemist, Ashari Agencies and Dhanada Corporation were among the top sellers. On the other hand, 43 stocks such as Urja Global, Adani Transmission, Alexander Stamps, Darjeeling Ropeway and Chemcrux Enterprises were among the overbought shares, according to the RSI.
MACD shows a bearish signal on 134 counters
The moving average convergence divergence of the momentum indicator, or MACD, indicated bearish crosses on 135 counters on BSE. Shares with negative crosses include SREI Infrastructure, NHPC, YES Bank, Delta Corp and Siemens. However, South Indian banks, Bharti Infratel, Exide Industries, Balkrishna Industries and Info Edge (India) were among 51 stocks showing bullish crosses on BSE.
HCL Tech, Exide Industries above 200 DMA
HCL Technologies, Exter Industry, Canara Bank, Gangotri Textiles and Ruchi Infrastructure recorded positive developments and traded above their 200 DMA. For their part, Biocon, Bosch, Page Industries, Welspun India and NHPC have traded under their respective 200 DMAs.
Call / put writes
The Nifty was able to rise abruptly from the lower echelons and set to 10,628. "On the options front, the maximum interest open on the positions Opened was 10,500, followed by 10,000, while the maximum Call OI amounted to 10,700, followed by 11,000. The significant putative writing was seen at a price of $ 10,000. exercise of 10,500, followed by 10,600, while the suppression of calls was observed at all the immediate exercise prices. , "said Chandan Taparia of Motilal Oswal Securities.
Nifty Forms a Hammer Candle
The Nifty shaped a Hammer candle on the daily chart, suggesting that each sale was underwritten. The index is capped upwards in the 10,740 to 10,775 zone, as the forward-to-decline ratio needs to be improved to be even stronger. "On the hourly charts, the index oscillated within the limits of a" downward "model. He found support in the lower part of this trend at 10,500, then confirmed a break in the top, namely 10,580. We will not be surprised to see Nifty extend this move to 10,690 and 10,740 levels, "he said. said Sameet Chavan from Angel Broking.
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