Mumbai, Mar 12: The benchmark index of Bombay Stock Exchange (BSE) on Monday posted the biggest
the single day gain of 610.80 points to 33,917.94 since July 2017 on strong
global cues.
The Nifty of National Stock Exchange (NSE) too advanced by 194.55 points to 10,421.40.
The domestic stocks logged sharp gains on first trading day of the week with the Sensex and the Nifty hitting almost one-week high on upbeat global stocks.
The day opened on a positive note at 33,468.16 rising by 161 points in opening trade. It remained in green througout the day. It spurted by 655 points to 33,962.48, day high before closing at 3,917.94, up by 610.80 poitns from its last close. The Nifty recorded day high and low at 10,433.65 and 10,295.45 points respectively.
Gains were led by strong buying demand in index heavyweights ITC, HDFC and Reliance Industries.
Global stocks gained as international trade-war concerns took a backseat to economic optimism following a stronger US jobs report released over the weekend.
Among secondary indices, the S&P BSE Mid-Cap index rose 0.76 pc. The S&P BSE Small-Cap index rose 0.56 pc. Both these indices under performed the Sensex.
The breadth, indicating the overall health of the market, once again turned positive from negative in late trade.
On the BSE, 1,378 shares rose and 1,354 shares fell. A total of 168 shares were unchanged. Breadth was strong till morning trade. It turned negative from positive in early afternoon trade.
The sectoral indices that rose were Telecom by 2.57 pc, Metal by 2.32 pc, Oil and Gas by 2.13 pc, FMCG by 2.13 pc, Bankex by 1.60 pc and Technology by 1.58 pc.
The indices that declined were Coal India by 2.26 pc to rs 297.80 and SBIN by 0.12 pc to rs 252.85.
Index heavyweight and cigarette major ITC jumped 4.34 pc to Rs 270.65 after the government kept cess on cigarettes unchanged at its GST Council meeting on Saturday.
Index heavyweight Reliance Industries' (RIL) rose 1.97 pc to Rs 930 after the company's step-down subsidiary, Reliance Retail (RRL), has subscribed to 19.04 lakh common shares of KaiOS Technologies Inc
(KTI) at $3.675 per share, for cash aggregating to $7 million, translating to 16% of equity stake of KTI on a fully diluted basis.
KTI is an emerging mobile operating system technology provider incorporated in the State of Delaware, USA in 2014. The announcement was made after market hours on Friday.
Telecom stocks saw mixed trend. Idea Cellular was up by 0.32 pc and Reliance Communications up by 1.98 pc.
While MTNL was down by 2.21 pc and Tata Teleservices (Maharashtra) fell by 3.5 pc.
Telecom major Bharti Airtel gained 5.11 pc after the company's board of directors in its meeting held today has approved issuance of non-convertible debentures (NCDs) of upto Rs 10,000 crore on a private placement basis in such tranches / series and at such rates as may be approved from time to time on cumulative basis along with
all NCDs issued by the company; and issuance of foreign currency bonds upto a limit of USD1 billion or equivalent in one or more tranches. The announcement was made during market hours today.
Jaiprakash Associates rose 5.38 pc to Rs 14.70 on bargain hunting after a recent slide. Shares of Jaiprakash Associates slumped 23.98 pc in seven trading sessions to settle at Rs 13.95 on Friday.
Overseas, Asian and European equities edged higher as trade-war concerns took a backseat to economic optimism following a stronger-than-expected jobs report in the US. UNI
The Nifty of National Stock Exchange (NSE) too advanced by 194.55 points to 10,421.40.
The domestic stocks logged sharp gains on first trading day of the week with the Sensex and the Nifty hitting almost one-week high on upbeat global stocks.
The day opened on a positive note at 33,468.16 rising by 161 points in opening trade. It remained in green througout the day. It spurted by 655 points to 33,962.48, day high before closing at 3,917.94, up by 610.80 poitns from its last close. The Nifty recorded day high and low at 10,433.65 and 10,295.45 points respectively.
Gains were led by strong buying demand in index heavyweights ITC, HDFC and Reliance Industries.
Global stocks gained as international trade-war concerns took a backseat to economic optimism following a stronger US jobs report released over the weekend.
Among secondary indices, the S&P BSE Mid-Cap index rose 0.76 pc. The S&P BSE Small-Cap index rose 0.56 pc. Both these indices under performed the Sensex.
The breadth, indicating the overall health of the market, once again turned positive from negative in late trade.
On the BSE, 1,378 shares rose and 1,354 shares fell. A total of 168 shares were unchanged. Breadth was strong till morning trade. It turned negative from positive in early afternoon trade.
The sectoral indices that rose were Telecom by 2.57 pc, Metal by 2.32 pc, Oil and Gas by 2.13 pc, FMCG by 2.13 pc, Bankex by 1.60 pc and Technology by 1.58 pc.
The indices that declined were Coal India by 2.26 pc to rs 297.80 and SBIN by 0.12 pc to rs 252.85.
Index heavyweight and cigarette major ITC jumped 4.34 pc to Rs 270.65 after the government kept cess on cigarettes unchanged at its GST Council meeting on Saturday.
Index heavyweight Reliance Industries' (RIL) rose 1.97 pc to Rs 930 after the company's step-down subsidiary, Reliance Retail (RRL), has subscribed to 19.04 lakh common shares of KaiOS Technologies Inc
(KTI) at $3.675 per share, for cash aggregating to $7 million, translating to 16% of equity stake of KTI on a fully diluted basis.
KTI is an emerging mobile operating system technology provider incorporated in the State of Delaware, USA in 2014. The announcement was made after market hours on Friday.
Telecom stocks saw mixed trend. Idea Cellular was up by 0.32 pc and Reliance Communications up by 1.98 pc.
While MTNL was down by 2.21 pc and Tata Teleservices (Maharashtra) fell by 3.5 pc.
Telecom major Bharti Airtel gained 5.11 pc after the company's board of directors in its meeting held today has approved issuance of non-convertible debentures (NCDs) of upto Rs 10,000 crore on a private placement basis in such tranches / series and at such rates as may be approved from time to time on cumulative basis along with
all NCDs issued by the company; and issuance of foreign currency bonds upto a limit of USD1 billion or equivalent in one or more tranches. The announcement was made during market hours today.
Jaiprakash Associates rose 5.38 pc to Rs 14.70 on bargain hunting after a recent slide. Shares of Jaiprakash Associates slumped 23.98 pc in seven trading sessions to settle at Rs 13.95 on Friday.
Overseas, Asian and European equities edged higher as trade-war concerns took a backseat to economic optimism following a stronger-than-expected jobs report in the US. UNI
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