With volatility easing and institutional sentiment turning positive, analysts say largecaps may continue to outperform.
The increase has been helped by this year’s decline in the dollar and rally in gold prices.
Broader indices underperformed the main indices with BSE Midcap and smallcap indices ending on flat note. On the sectoral front, auto, capital goods, oil & gas, private bank, energy up 0.3-0.6%, while consumer durable, media, PSU Bank down 0.3-1 percent. Eicher Motors, Bajaj Finserv, Bajaj Finance, Reliance Industries, HDFC Bank were among major gainers on the Nifty, while losers were Asian Paints, HCL Technologies, Titan Company, HUL and Sun Pharma.
Nifty Bank continued hitting fresh record high on the third consecutive session. The index touched new high of 59,264.25, finishing with 0.54% gains at 59,216.05.
After taking a breather in the previous session, the frontline Nifty 50 and Sensex indices have resumed their uptrend on November 19.
Nifty 50 and Sensex are likely to see a flat open on November 19, as global markets stage a sell-off on valuation concerns.
Biggets Nifty gainers were HCL Technologies, Max Healthcare, Infosys, Wipro, TCS, while losers were TMPV, Coal India, Maruti Suzuki, Adani Ports, Bajaj Finance. On the sectoral front, IT index rose 3%, PSU Bank index added 1.2%, Nifty Bank index up 0.5%, while media index down 0.3% and realty index down 0.4%. BSE Midcap index rose 0.3%, while Smallcap index shed 0.4%.
More than 120 stocks touched their 52-week high on the BSE, including GMR Airports, Can Fin Homes, Federal Bank, Bharti Airtel, Chennai Petro, AU Small Finance Bank, Hero MotoCorp, IIFL Finance, Nykaa, Asahi India, SBI, Canara Bank, Marico, Indian Bank, Laurus Labs, TVS Holdings, UPL, among others.
Nifty 50 and Sensex may see a muted start to trade on November 18, as the risk-off mood in global equities could pressure sentiment.
Bharti Airtel, Axis Bank, Power Grid Corporation, Bajaj Auto, Asian Paints were among major gainers on the Nifty, while losers were Tech Mahindra, Tata Consumer, Jio Financial, Interglobe Aviation, Bajaj Finserv. BSE midcap index shed 0.7 percent and smallcap index shed 0.8%. All the sectoral indices ended in the red with IT, metal and realty down 1 percent each.
Broader indices have outperformed the main indices with Nifty Midcap hitting fresh record high of 61,211.05, while Nifty smallcap index rose 0.52 percent.
Benchmark indices rose for the sixth straight session on November 17, driven by strong gains in banking and financial stocks and broad-based sectoral support.
Indian markets are poised for a positive start on November 17, with Nifty and Sensex expected to extend their winning streak despite cautious global cues.
Bajaj Auto, Tata Consumer, Eicher Motors, Max Healthcare, Maruti Suzuki were among major gainers on the Nifty, while losers were TMPV, Adani Enterprises, Jio Financial, Interglobe Aviation, UltraTech Cement. All the other sectoral indices ended in the green with auto, bank, realty, capital goods, consumer durables, PSU Bank up 0.5-1%. BSE Midcap and smallcap indices rose 0.6% each.
Looking ahead, commodity markets will turn their focus to a heavy slate of economic data due next week starting from November 17.
Benchmarks staged a late rebound on November 14, extending their five-session winning streak despite weak global cues and initially muted reaction to the Bihar election results.
The moves helped steady the currency as it neared its September record low of 88.8050 per dollar
Indian equities opened lower on Friday as weak global cues and election-related caution weighed on investor sentiment.
Dalal Street's key indices Nifty 50 and Sensex may be poised for a start in the red on November 14, weighed down by poor global cues.
The Sensex recovered nearly 400 points from the day’s lows, while the Nifty reclaimed the 25,900 mark. Market breadth, however, stayed negative with 2,115 stocks declining against 1,879 advancing.
More than 120 smallcap stocks hit 52-week low, including Cohance Life, DCX Systems, Kopran, Go Fashion, Kabra Extrusion, Lincoln Pharma, Dhunseri Investments, KNR Construction, Sundaram-Clayton, Saregama India,HG Infra Engineering, Wonderla, Quess Corp, Ceinsys Tech, among others.
After seeing a sharp upmove in the afternoon half of the session, the benchmark indices failed to maintain the momentum and settled flat.
Domestic indices opened flat on November 13, with investors turning cautious after a three-day rally despite supportive cues from easing inflation and global optimism.
Domestic indices are expected to open flat on November 13, with investors turning cautious after a three-day rally despite supportive cues from easing inflation and global optimism.
BSE Midcap and smallcap indices were down 0.3 percent each. Asian Paints, ICICI Bank, L&T, Interglobe Aviation, Hindalco were among major gainers on the Nifty, while losers were Eternal, Shriram Finance, Adani Ports, Bharat Electronics and M&M. Among sectors, IT, media, PSU bank shed 0.5% each, while metal, pharma, realty rose 0.5% each.