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November 09, 2020 / 03:35 PM IST

Closing Bell: Sensex, Nifty close at record high led by financial, energy stocks

All the sectoral indices ended in the green led by the bank and energy, which rose over 2 percent each. BSE Midcap and Smallcap indices added 1 percent and 0.5 percent respectively.

  • IndexPricesChangeChange%
    Sensex52,323.33-178.65 -0.34%
    Nifty 5015,691.40-76.15 -0.48%
    Nifty Bank34,605.40-398.10 -1.14%
    Nifty 50 15,691.40 -76.15 (-0.48%)
    Thu, Jun 17, 2021
    Biggest GainerPricesChangeChange%
    UltraTechCement6,704.85117.45 +1.78%
    Biggest LoserPricesChangeChange%
    Adani Ports646.90-59.80 -8.46%
    Best SectorPricesChangeChange%
    Nifty IT28611.35162.50 +0.57%
    Worst SectorPricesChangeChange%
    Nifty Metal5095.10-121.10 -2.32%

  • November 09, 2020 / 04:24 PM IST

    Ajit Mishra, VP - Research, Religare Broking:
    Markets started the week on robust note and made a new record high, taking cues from the global indices. The reaction was mainly in response to the news of Joe Biden winning the US presidential elections. Besides, noticeable buying in index majors especially from the banking pack further boosted the sentiment. Consequently, the Nifty index closed at 12,461 levels, up by 1.6%. The broader markets too remained buoyant and ended in range of 0.6-1%. All the sectoral indices witnessed healthy buying interest wherein banks, telecom and metals were the top gainers.
    Markets have seen decent run up and reached to the record highs as well, driven by better than expected earnings so far, supportive global cues and improving macro data. Further, the on-going corporate earnings, domestic economic data (IIP and CPI) and Bihar election outcome will be in focus. Meanwhile, markets would continue to mirror global indices. We suggest maintaining “buy on dips” approach and keeping extra caution in selection of stocks.

  • November 09, 2020 / 04:23 PM IST

    G Pradeepkumar CEO Union AMC:

    The continued rally in equity markets combined with the expectation of volatility around US elections, appear to have led some investors to book profits in equity and move to short term debt funds. Many of them may come back to equity funds if there is a correction. The SIP book has shown a growth over the previous month which is very encouraging from a retail flow perspective.

  • November 09, 2020 / 04:22 PM IST

    S Ranganathan, Head of Research at LKP Securities:

    Bulls went on a rampage today at the start of the week which promises everything right from Bihar Election results to Factory Output. A 200 point salute to the Nifty also brought about positive vibes across a host of Small & Midcap stocks in the broader markets".

  • November 09, 2020 / 03:52 PM IST

    Vinod Nair, Head of Research at Geojit Financial Services:

    Firm global cues and a clear majority to favorite democrats party in the US election took main benchmark indices to all time high. The rally in the domestic market was also led by Banking and Finance stocks on improved business outlook post Q2 results, end to moratorium and bounce back of economic activities. Broader market has shown under performance compared to headline peers as investors feel safer chasing heavyweights during high market levels. 

    We expect more stimulus measures are required to boost the economy and announcements regarding the same from the government is expected in the near future that can further accelerate our domestic market.

  • November 09, 2020 / 03:45 PM IST

    Rupee Close: Indian rupee erased some early gains but still ended higher at 74.14 per dollar, amid buying seen in the domestic equity market.

    It opened higher at 73.94 per dollar against previous close of 74.20 and trade in the range of 73.82-74.17.

  • November 09, 2020 / 03:34 PM IST

    Market Close: Benchmark indices rallied for the sixth consecutive session and closed at the record high levels on November 9 supported by the positive global cues.

    At close, the Sensex was up 704.37 points or 1.68% at 42597.43, and the Nifty was up 197.50 points or 1.61% at 12461. About 1479 shares have advanced, 1155 shares declined, and 181 shares are unchanged.

    Divis Labs, IndusInd Bank, Bharti Airtel, ICICI Bank and Axis Bank were among major gainers on the Nifty, while losers were Cipla, Adani Ports, ITC, Maruti Suzuki and Dr Reddy’s Labs.

    All the sectoral indices ended in the green led by the bank and energy, which rose over 2 percent each. BSE Midcap and Smallcap indices added 1 percent and 0.5 percent respectively.

  • November 09, 2020 / 03:28 PM IST

    Parag Milk Q2

    Parag Milk has posted 44.2 percent fall in its Q2 net profit at Rs 15.9 crore versus Rs 28.5 crore and revenue slipped 22.2% at Rs 498.2 crore versus Rs 640 crore, YoY.   

    Earnings before interest, tax, depreciation and amortization (EBITDA) shed 25.3% at Rs 41.4 crore versus Rs 55.4 crore and EBITDA margin was at 8.3% versus 8.7%, reported CNBC-TV18.   

  • November 09, 2020 / 03:26 PM IST

    Jindal Saw Q2:

    The company’s consolidated net profit fell 74% at Rs 78.2 crore versus Rs 301 crore and revenue was down 11.5% at Rs 2,374.2 crore versus Rs 2,681.6 crore.

    Earnings before interest, tax, depreciation and amortization (EBITDA) fell 18.8% at Rs 277.5 crore and margin was at 11.7% versus 12.7%, reported CNBC-TV18.

  • November 09, 2020 / 03:24 PM IST

    Nifty Energy Index added 2 percent led by the Adani Green, BPCL, Power Grid:

      Nifty Energy Index added 2 percent led by the Adani Green, BPCL, Power Grid:
  • November 09, 2020 / 03:10 PM IST

    Insecticides India Q2:   

    Company’s Q2 net profit declined 15.1% YoY at Rs 41.6 crore versus Rs 49 crore and revenue was down 9.4% at Rs 455.8 crore versus Rs 503.1 crore. 

    Earnings before interest, tax, depreciation and amortization (EBITDA) was down 19.9% at Rs 57.7 crore and margin was down at 12.7%, reported CNBC-TV18. 

  • November 09, 2020 / 03:02 PM IST

    Toyota Motor Corporation Australia selects Cigniti Technologies:

    Cigniti Technologies is now a strategic Quality Engineering panel vendor for Toyota Motor Corporation Australia (TMCA), a subsidiary of Toyota Motor Corporation, to help accelerate its Quality & Digital transformation journey over the next 3 years.