[ad_1]
Moneycontrol News
A stronger rupee, a drop in crude oil prices and an accommodating comment by the head of the US central bank have energized markets around the world, including India. Back home, the Nifty has exceeded 10,800 seats on a day when the F & O contracts for the November series have expired.
The Senbad, meanwhile, crossed the 36,000 mark during the day, recording an increase of 530 points during the day.
A strong note, the Nifty retaining 10,800 levels at the expiration.
For the uninitiated, US Federal Reserve Chairman Jerome Powell has taken an accommodative stance on interest rates, alluding to a slowdown in the rate hike cycle in 2019. This has led The rise in crude oil prices added to the optimism of investors, who also supported the rupee. The Indian rupee started the day by opening more than 50 pesetas and also exceeding the bar of the US dollar.
Among sectors, banks, automobiles, consumer goods, metals and pharmaceuticals recorded positive trade, while computer stocks fell. back of a rupee stronger. In all markets, the Nifty Midcap index has increased by more than half a percent.
At the close of trading, the Senbad was up 453.46 points or 1.27% to 36,170.41 and the Nifty up 129.80 points or 1.21% to 10,858.70. The market was narrow in scope, with 1301 shares increasing, compared with a decrease of 1291 shares, while 145 shares remained unchanged.
Bajaj Auto and Kotak Mahindra Bank were the biggest winners, while Power Grid, NTPC and HCL Tech lost the most.
Stocks on the Spotlight
Yes, the bank's shares have reversed the majority of losses after hitting a 33-month low on Thursday, still losing 9%, the rating agency ICRA has also lowered the lender's long-term ratings, following the parent company Moody's.
Sical Logistics shares gained 5% after the company won a contract with Mahanadi Coalfields.
The shares of oil trading companies, including BPCL, HPCL and IOC, closed up 1 to 3% after the fall in Brent oil prices
Piramal Enterprises shares rose 2% after approval by the company of the DTM issue worth 500 crores.
Cadila Healthcare shares rose 4% as a result of FDA approval to market Lansop. razole delayed the release of tablets disintegrating orally.
The shares of Minda Corporation gained 4% in the redemption of commercial paper.
Adani Enterprises shares climbed to 7% after the company finally decided to fund its Carmichael mine project on its own.
Investec, the global banking and badet management group, maintained its call for L & T and raised its target price to Rs 1,745 as compared to Rs 1,725 previously, representing upside potential of 24%.
NBFC shares Shriram Transport Finance Corporation rose 4% after global investment firm Morgan Stanley announced a 34% increase to 1.515 rupees per share.
The Vakrangee action was blocked at 5%. top circuit for the fifth consecutive session Thursday after the company has received the own opinion of the SEBI and EOW market control authorities in a stock manipulation case.
Deep Industries shares rose 5% after the company signed a contract with the country's largest oil and gas exploration company, CGSB. 19659004] World Markets
European stocks rose as investors reacted to comments by the US Federal Reserve, Jerome Powell. The Stoxx 600 index rose 0.6%.
Meanwhile, Asian markets rose before a meeting between the United States and China to ease trade tensions between the two countries. The Nikkei 225 rose 85.58 points, or 0.39%, to 22,262.6, while the Topix index added 5.81 points, or 0.35%.
[ad_2]
Source link
