Sensex staged a strong comeback to end with a gain of nearly 185 points, reversing its five-session losing run and tracking rebound in global market today after prospects of Hillary Clinton winning the race brightened.
Sensex staged a strong comeback to end with a gain of nearly 185 points, reversing its five-session losing run and tracking rebound in global market today after prospects of Hillary Clinton brightened in the US presidential race following an FBI reprieve. After a gap-up opening at 27,552.27 points, the Sensex advanced to hit a high of 27,591.15. However, due to profit-booking towards the close, it touched a low of 27,398.72 before settling 184.84 points or 0.68 per cent higher at 27,458.99.
The NSE Nifty after reclaiming the 8,500-point mark, touched a high of 8,535.85 and finally settled at 8,497.05, showing a hefty gain of 63.30 points, or 0.75 per cent.
03.38 pm: Sensex settles at 27458, Nifty ends below 8500 mark
02.54 pm: Sensex was up by 263 points at 27,537.21 while NSE Nifty gained 88 points to trade at 8,522.45
01.49 pm: Sensex was trading 255 points up at 27,529.94 while NSE Nifty advanced by 87 points at 8,520.75
12.28 pm: The 30-share index was trading at 27,507.32, up by 233 points while Nifty gained over 80 points at 8,514. Here are the losers at Nifty as of now:
11.42 am: The 30-share index was trading in green at 27,476.91, up by over 200 points while Nifty gained 73 points at 8,507.35
11.02 am: Sensex trades in green at 27,500 while Nifty is up by 82 points at 8,516
10.05 am: Sensex advances 208 points at 27,482.82 while Nifty climbs 71.55 points or 0.95% at 8,505.30
09.26 am: Top losers and gainers at Sensex right now:
BSE Sensex opens in green, up by 278 points at 27,552.27 while NSE Nifty gains 102 points at 8,535.75
Domestic equity markets are likely to open in green today tracking SGX Nifty and global cues. At 07.50 am, SGX Nifty was trading 70 points up at 8,567. Asian stocks bounced and the dollar strengthened on Monday after the FBI said it stood by its earlier recommendation that no criminal charges were warranted against Democrat Hillary Clinton. MSCI’s broadest index of Asia-Pacific shares outside Japan advanced 0.7 percent. Leading regional gainers were Australian stocks and Japanese shares with gains of 1.3 percent and 1.2 percent, respectively.
On Friday, continuing sluggishness for the fifth straight session, Sensex tanked over 156 points to close near four-month low of 27,274.15 on sustained foreign fund outflows amid growing uncertainty over the outcome of this week’s US presidential election.
Stocks in focus:
1. Indian Hotels: Tata group hospitality firm Indian Hotels Company BSE 3.17 % reported narrowing of consolidated net loss to Rs 26.76 crore for the second quarter ended September 30, 2016. It had posted a net loss of Rs 151.96 crore in the July-September quarter a year-ago.
2. Punjab National Bank: PNB on Saturday reported a 11.5 per cent fall in net profit at Rs 549.36 crore for the second quarter ended September 30 on rise in provisions for bad loans. The bank had reported a net profit at Rs 621.03 crore during the July-September quarter last fiscal.
3. Tata Motors: Days after ousted Tata Sons chairman Cyrus Mistry blamed Nano for bleeding Tata Motors, the today said it has significantly written off development cost and investments related to the car and is now refocusing its strategy on “growing and attractive segments” of the passenger vehicles market.