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Share Market Update: Sensex ends 38 points lower, Nifty at 11,582 level; DHFL hits fresh 52-week low

BusinessToday.In | 24 October 2019

Share Market Update: After a volatile trading session amid state election verdict, equity indices Sensex and Nifty turned negative and closed marginally lower on Thursday backed by strong selling pressure in all most every sectoral indices. Except realty, that closed 0.80% lower, all the other sector indices closed in red, with over 3% losses registered in PSU banking scrips. While Sensex ended 38 points lower 39,020 level, Nifty ended the day's trade 21 points 11,582 mark.

 

 

 

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  • Sectorally, all the indices are currently trading in red, with PSU Bank index losing over 1%.
  • 16:20 IST

    Closing Bell

    Share Market Update: After a volatile trading session amid state election verdict, equity indices Sensex and Nifty turned negative and closed marginally lower on Thursday backed by strong selling pressure in all most every sectoral indices.

    Except realty, that closed 0.80% higher, all the other sector indices closed in red, with over 3% losses registered in PSU banking scrips. While Sensex ended 38 points lower 39,020 level, Nifty ended the day's trade 21 points 11,582 mark.

  • 16:20 IST: Share Market Update: After a volatile trading session amid state election verdict, equity indices Sensex and Nifty turned negative and closed marginally lower on Thursday backed by strong selling pressure in all most every sectoral indices.

    Except realty, that closed 0.80% higher, all the other sector indices closed in red, with over 3% losses registered in PSU banking scrips. While Sensex ended 38 points lower 39,020 level, Nifty ended the day's trade 21 points 11,582 mark.

  • 14:26 IST

    Bandhan Bank rises over 5% post Q2 results

    Bandhan Bank shares rose 5.41% to the day's high of Rs 586 today, as the lender posted healthy September quarterly earnings. The lender repoted 99%jump in its net profit to Rs 972 crore in July-September quarter as compared to Rs 448 crore registered in the corresponding period last year.

    Company's CASA ratio increase 38% year-on-year, while its net interest income grew 41%. Banks' gross NPAs as on September 30, 2019 is at 1.76% against 2.02% recorded in April-June quarter.

  • 14:26 IST: Bandhan Bank shares rose 5.41% to the day's high of Rs 586 today, as the lender posted healthy September quarterly earnings. The lender repoted 99%jump in its net profit to Rs 972 crore in July-September quarter as compared to Rs 448 crore registered in the corresponding period last year.

    Company's CASA ratio increase 38% year-on-year, while its net interest income grew 41%. Banks' gross NPAs as on September 30, 2019 is at 1.76% against 2.02% recorded in April-June quarter.

  • 14:20 IST

    Gold price rises marginally

    Gold prices grew marginally on Thursday by Rs 160 per 10 grams when compared to yesterday ahead of the Dhanteras festival which will be celebrated tomorrow, that is considered as an auspicious time to invest and buy gold. 


    As of 1000 IST, the ten grams of 24-carat gold (99.9% purity) in the Delhi market is priced at Rs 39,380, Rs 39,550 in Mumbai, Rs 39,515 in Kolkata and Rs 39,640 in Chennai, respectively. Moderate gains were seen in Gold and Silver prices on Wednesday as well. 

    As per commodity analysts, the price of the yellow metal is to remain less volatile, with support level around 37,800 while resistance at 38,100 zone. Gold domestic futures too rose in early trade. On MCX, gold futures prices were up 0.11% to Rs 38,045 per 10 gram. Silver also edged higher, rising 0.3% to Rs 45,442 per kg on MCX.  
     

  • 14:20 IST: Gold prices grew marginally on Thursday by Rs 160 per 10 grams when compared to yesterday ahead of the Dhanteras festival which will be celebrated tomorrow, that is considered as an auspicious time to invest and buy gold. 


    As of 1000 IST, the ten grams of 24-carat gold (99.9% purity) in the Delhi market is priced at Rs 39,380, Rs 39,550 in Mumbai, Rs 39,515 in Kolkata and Rs 39,640 in Chennai, respectively. Moderate gains were seen in Gold and Silver prices on Wednesday as well. 

    As per commodity analysts, the price of the yellow metal is to remain less volatile, with support level around 37,800 while resistance at 38,100 zone. Gold domestic futures too rose in early trade. On MCX, gold futures prices were up 0.11% to Rs 38,045 per 10 gram. Silver also edged higher, rising 0.3% to Rs 45,442 per kg on MCX.  
     

  • 13:39 IST

    Cummins India declines 6.6% post Q2 results

    Shares of Cummins India fell over 6.62% intarday to Rs 540 on the BSE, after the company reported 11% decline in sales to  Rs 1,285 cr, as compared to Rs 1,452 cr recorded in the same quarter last year and 2% fall compared to Rs 1,316 cr recorded in the preceding quarter.

    Profit before tax for the current quarter declined 29% to Rs 210 cr as compared to Rs 298 cr recorded in the same quarter last year. Although it was 8% higher compared to Rs 194 cr recorded in the preceding quarter.

  • 13:39 IST: Shares of Cummins India fell over 6.62% intarday to Rs 540 on the BSE, after the company reported 11% decline in sales to  Rs 1,285 cr, as compared to Rs 1,452 cr recorded in the same quarter last year and 2% fall compared to Rs 1,316 cr recorded in the preceding quarter.

    Profit before tax for the current quarter declined 29% to Rs 210 cr as compared to Rs 298 cr recorded in the same quarter last year. Although it was 8% higher compared to Rs 194 cr recorded in the preceding quarter.

  • 13:32 IST

    Indices turn volatile, trade bearish now

    Share Market Live: Equity market has turned volatile on Thursday amid bearish trend seen in broader indices Sensex and Nifty, backed by strong selling pressure in PSU Banking that has declined over 3%, followed by fall in pharma and other banking scrips. While Sensex fell 100 points 38,991 level, Nifty declined 29 points 11,574 mark.

  • 13:32 IST: Share Market Live: Equity market has turned volatile on Thursday amid bearish trend seen in broader indices Sensex and Nifty, backed by strong selling pressure in PSU Banking that has declined over 3%, followed by fall in pharma and other banking scrips. While Sensex fell 100 points 38,991 level, Nifty declined 29 points 11,574 mark.

  • 13:06 IST

    Sensex, Nifty trade bullish

    Share Market Live: After a volatile morning session, Sensex and Nifty have turned bullish by Thursday's afternoon backed by strong buying pressure in realty and media scrips. While Sensex has risen 60 points 39,116 level, Nifty declined 9 points 11,613 mark.

  • 13:06 IST: Share Market Live: After a volatile morning session, Sensex and Nifty have turned bullish by Thursday's afternoon backed by strong buying pressure in realty and media scrips. While Sensex has risen 60 points 39,116 level, Nifty declined 9 points 11,613 mark.

  • 13:02 IST

    DHFL hits fresh 52-week low

    Shares of Dewan Housing Finance Corporation fell 5% intraday to hit a fresh 52-week low of Rs 18.45 after the exchange bourses asked for clarification on the recent fund diversion reports and company being probed by the Enforcement Directorate in connection with its alleged link with global terrorist Dawood Ibrahim's aide Iqbal Mirchi. There are only offers and no bids on the stock price.

    DHFL lent Rs 14,000 crore to 25 group firms, reveals forensic audit

     

  • 13:02 IST: Shares of Dewan Housing Finance Corporation fell 5% intraday to hit a fresh 52-week low of Rs 18.45 after the exchange bourses asked for clarification on the recent fund diversion reports and company being probed by the Enforcement Directorate in connection with its alleged link with global terrorist Dawood Ibrahim's aide Iqbal Mirchi. There are only offers and no bids on the stock price.

    DHFL lent Rs 14,000 crore to 25 group firms, reveals forensic audit

     

  • 11:03 IST

    Equity market turns bearish

    Share Market Live: After a bullish start, equity benchmark indices Sensex and Nifty turned negative on Thursday, backed by selling pressure in banking and pharma indices. While Sensex has fallen 50 points 39,006 level, Nifty declined 15 points 11,584 mark. Sectorally, all the indices are currently trading in red, with PSU Bank indexlosing over 1%.

  • 11:03 IST: Share Market Live: After a bullish start, equity benchmark indices Sensex and Nifty turned negative on Thursday, backed by selling pressure in banking and pharma indices. While Sensex has fallen 50 points 39,006 level, Nifty declined 15 points 11,584 mark. Sectorally, all the indices are currently trading in red, with PSU Bank indexlosing over 1%.

  • 10:54 IST

    MTNL hits 5% upper circuit post merger with BSNL announcement

    Shares of MTNL rose 4.95% intraday and hit 5% upper circuit o fRs 6.19, after the Union Cabinet on Wednesday approved the merger of two ailing state-owned telecom companies - Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL). There are only buyers and no sellers offering the stock currently.

  • 10:54 IST: Shares of MTNL rose 4.95% intraday and hit 5% upper circuit o fRs 6.19, after the Union Cabinet on Wednesday approved the merger of two ailing state-owned telecom companies - Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL). There are only buyers and no sellers offering the stock currently.

  • 10:51 IST

    U.S. SEC investigates Infosys

    Infosys on Thursday said the US Securities and Exchange Commission had launched an investigation into whistleblower allegations against Chief Executive Officer Salil Parekh and Chief Financial Officer Nilanjan Roy. "The company has been in touch with the Securities and Exchange Commission ("SEC") regarding the anonymous whistleblower complaints ("anonymous complaints") and has learnt that the SEC has initiated an investigation into this matter. The company will cooperate with the SEC's investigation," Infosys told stock exchanges.

    US securities exchange to probe whistleblower complaints against Infosys

  • 10:51 IST:

    Infosys on Thursday said the US Securities and Exchange Commission had launched an investigation into whistleblower allegations against Chief Executive Officer Salil Parekh and Chief Financial Officer Nilanjan Roy. "The company has been in touch with the Securities and Exchange Commission ("SEC") regarding the anonymous whistleblower complaints ("anonymous complaints") and has learnt that the SEC has initiated an investigation into this matter. The company will cooperate with the SEC's investigation," Infosys told stock exchanges.

    US securities exchange to probe whistleblower complaints against Infosys

  • 10:39 IST

    Rupee opens at highest level in 10 sessions

    The Indian rupee appreciated by 21 paise to 70.70 against the US dollar in early trade on Thursday as easing crude prices strengthened investor sentiments.

    Trading in emerging market currencies was subdued after British Prime Minister Boris Johnson lost the crucial Brexit Bill timetable vote.

    Besides, markets are also awaiting fresh cues on the potential US-China trade deal, they added.

    At the interbank foreign exchange the rupee opened at 70.79, then gained further and touched a high of 70.70, registering a rise of 21 paise over its previous close.

    On Wednesday, rupee had settled at 70.91 against the US dollar.

    Rupee vs Dollar: Rupee rises to 70.70 per USD amid weak dollar demand, easing crude prices

  • 10:39 IST: The Indian rupee appreciated by 21 paise to 70.70 against the US dollar in early trade on Thursday as easing crude prices strengthened investor sentiments.

    Trading in emerging market currencies was subdued after British Prime Minister Boris Johnson lost the crucial Brexit Bill timetable vote.

    Besides, markets are also awaiting fresh cues on the potential US-China trade deal, they added.

    At the interbank foreign exchange the rupee opened at 70.79, then gained further and touched a high of 70.70, registering a rise of 21 paise over its previous close.

    On Wednesday, rupee had settled at 70.91 against the US dollar.

    Rupee vs Dollar: Rupee rises to 70.70 per USD amid weak dollar demand, easing crude prices

  • 10:23 IST

    Market viewpoint

    In domestic cues, market opened today with gains as early leads indicate BJP forming government in both Maharashtra & Haryana assembly polls. While Sensex rose 300 points to the day's high of 39,327 level, Nifty rose 19 points to the high of 11,679.60 mark.

  • 10:23 IST: In domestic cues, market opened today with gains as early leads indicate BJP forming government in both Maharashtra & Haryana assembly polls. While Sensex rose 300 points to the day's high of 39,327 level, Nifty rose 19 points to the high of 11,679.60 mark.

  • 10:15 IST

    HDFC Life Insurance rises 1.3% intraday post results

    Share price of HDFC Life Insurance Company gained 1.33% intraday to Rs 611 on the BE today after the compay clocked a 7.6 per cent growth in profit after tax at Rs 308.7 crore for the second quarter ended September 30, 2019, as compared to Rs 287 crore in the same   quarter last yeat.

    The private life insurer had posted profit before tax of Rs 326.77 crore in Q2FY20 versus Rs 296.32 crore in Q2FY19, HDFC Life Insurance said in a filing to the Bombay Stock Exchange.

    The life insurer, a joint venture between HDFC and Standard Life Aberdeen, earned a total premium of Rs 7,453.7 crore in September quarter, compared to Rs 6,777.55 crore in the last year, registering a growth of 10 per cent.

    HDFC Life Insurance Q2 profit rises 7.6% to Rs 309 crore, total premium up 10%

  • 10:15 IST: Share price of HDFC Life Insurance Company gained 1.33% intraday to Rs 611 on the BE today after the compay clocked a 7.6 per cent growth in profit after tax at Rs 308.7 crore for the second quarter ended September 30, 2019, as compared to Rs 287 crore in the same   quarter last yeat.

    The private life insurer had posted profit before tax of Rs 326.77 crore in Q2FY20 versus Rs 296.32 crore in Q2FY19, HDFC Life Insurance said in a filing to the Bombay Stock Exchange.

    The life insurer, a joint venture between HDFC and Standard Life Aberdeen, earned a total premium of Rs 7,453.7 crore in September quarter, compared to Rs 6,777.55 crore in the last year, registering a growth of 10 per cent.

    HDFC Life Insurance Q2 profit rises 7.6% to Rs 309 crore, total premium up 10%

  • 10:12 IST

    HeroMoto Corp declines 1.55% post results

    Shares of Hero MotoCorp declined 1.55% to Rs 2670.05 on BSE today, after the world's largest two-wheeler manufacturer, reported 10 per cent year-on-year decline in its consolidated net profit at Rs 883.78 crore for the second quarter ended September 30, 2019.

    "The auto major had posted a net profit of Rs 981.99 crore in the same quarter last year," Hero MotoCorp said in a filing to the Bombay Stock Exchange.

    Hero MotoCorp's revenue from operations fell by 16.71 per cent to Rs 7,571crore in Q2FY20 versus Rs 9,091crore in Q2FY19.

    The Earnings before Interest, Tax, Depreciation and Amortisation (EBITDA) margin for the quarter stood at 14.5 per cent, the company said.

    Hero MotoCorp Q2 profit slips 10% to Rs 884 crore, revenue from operations down 17%

  • 10:12 IST:

    Shares of Hero MotoCorp declined 1.55% to Rs 2670.05 on BSE today, after the world's largest two-wheeler manufacturer, reported 10 per cent year-on-year decline in its consolidated net profit at Rs 883.78 crore for the second quarter ended September 30, 2019.

    "The auto major had posted a net profit of Rs 981.99 crore in the same quarter last year," Hero MotoCorp said in a filing to the Bombay Stock Exchange.

    Hero MotoCorp's revenue from operations fell by 16.71 per cent to Rs 7,571crore in Q2FY20 versus Rs 9,091crore in Q2FY19.

    The Earnings before Interest, Tax, Depreciation and Amortisation (EBITDA) margin for the quarter stood at 14.5 per cent, the company said.

    Hero MotoCorp Q2 profit slips 10% to Rs 884 crore, revenue from operations down 17%

  • 10:08 IST

    HCL Technologies rises 6% intraday

    Shares of HCL Technologies rose gained almost 8% to the day's high of Rs 1,160 on the BSE in Thursday's early trade after the IT major reported 6.9 per cent year-on-year (YoY) growth in consolidated net profit at Rs 2,711 crore for the second quarter ended September 30, 2019. The profit was 21.6 per cent higher compared to Rs 2.230 crore in the March quarter.

    "The Noida-headquartered company had posted consolidated net profit of Rs 2,534 crore in the same quarter last year," HCL Technologies said in a filing to the Bombay Stock Exchange.

    Consolidated revenue from operations grew by 18 per cent to Rs 17,527 crore in Q2FY20 as compared to Rs 14,860 crore in Q2FY19, helped by the acquisition of security and digital solution providers AppScan and BigFix from IBM in July. HCL Tech's revenue stood at Rs 16,427 crore in the June quarter.

    HCL Technologies Q2 profit up 7% at Rs 2,711 crore, raises FY20 revenue guidance to 15-17%

  • 10:08 IST:

    Shares of HCL Technologies rose gained almost 8% to the day's high of Rs 1,160 on the BSE in Thursday's early trade after the IT major reported 6.9 per cent year-on-year (YoY) growth in consolidated net profit at Rs 2,711 crore for the second quarter ended September 30, 2019. The profit was 21.6 per cent higher compared to Rs 2.230 crore in the March quarter.

    "The Noida-headquartered company had posted consolidated net profit of Rs 2,534 crore in the same quarter last year," HCL Technologies said in a filing to the Bombay Stock Exchange.

    Consolidated revenue from operations grew by 18 per cent to Rs 17,527 crore in Q2FY20 as compared to Rs 14,860 crore in Q2FY19, helped by the acquisition of security and digital solution providers AppScan and BigFix from IBM in July. HCL Tech's revenue stood at Rs 16,427 crore in the June quarter.

    HCL Technologies Q2 profit up 7% at Rs 2,711 crore, raises FY20 revenue guidance to 15-17%

  • 10:06 IST

    Gold prices remain unchanged

    Internationally, gold prices remained flat on Thursday. Spot gold was unchanged at $1,493.01 per ounce as of and U.S. gold futures were too flat at $1,495.70 per ounce.

  • 10:06 IST: Internationally, gold prices remained flat on Thursday. Spot gold was unchanged at $1,493.01 per ounce as of and U.S. gold futures were too flat at $1,495.70 per ounce.

  • 10:04 IST

    L&T gains over 2% post Q2 reults

    Shares of Larsen and Toubro rose 2.45 % intraday to Rs 1,466 on the BSE after the engineering and construction company reported better-than-expected results for the September quarter and logged nearly 7% rise in net profit.

    Behemoth Larsen and Toubro (L&T) has reported a 6.83 per cent year-on-year (YoY) growth in consolidated net profit at Rs 2,770.43 crore for the second quarter of the financial year 2019-20 (Q2 FY20).

    "The Mumbai-based company had posted a consolidated net profit of Rs 2,593.41 crore in the same quarter last year," L&T said in a filing to the Bombay Stock Exchange.

    Consolidated revenue from operations jumped 15.16 per cent to Rs 35,328.45 crore for the quarter ended September 30, 2019, as against Rs 30,678.13 crore in the year-ago period.  The International revenue during the quarter stood at 12,118 crore, which constituted 34 per cent of the total revenue, L&T said in the exchange filing.

    L&T Q2 profit up 7% at Rs 2,770 crore, order book crosses Rs 3 lakh crore

  • 10:04 IST:

    Shares of Larsen and Toubro rose 2.45 % intraday to Rs 1,466 on the BSE after the engineering and construction company reported better-than-expected results for the September quarter and logged nearly 7% rise in net profit.

    Behemoth Larsen and Toubro (L&T) has reported a 6.83 per cent year-on-year (YoY) growth in consolidated net profit at Rs 2,770.43 crore for the second quarter of the financial year 2019-20 (Q2 FY20).

    "The Mumbai-based company had posted a consolidated net profit of Rs 2,593.41 crore in the same quarter last year," L&T said in a filing to the Bombay Stock Exchange.

    Consolidated revenue from operations jumped 15.16 per cent to Rs 35,328.45 crore for the quarter ended September 30, 2019, as against Rs 30,678.13 crore in the year-ago period.  The International revenue during the quarter stood at 12,118 crore, which constituted 34 per cent of the total revenue, L&T said in the exchange filing.

    L&T Q2 profit up 7% at Rs 2,770 crore, order book crosses Rs 3 lakh crore

  • 10:00 IST

    Oil declines further

    Oil prices dipped on Thursday after sharp gains in the previous session following a surprise draw in U.S. crude inventories, with concerns over a weak demand outlook adding to downward pressure. Brent Crude was at $60.78/bbl, down 0.64% and later traded at 60.84 per barrel, down 0.54%.

     

  • 10:00 IST: Oil prices dipped on Thursday after sharp gains in the previous session following a surprise draw in U.S. crude inventories, with concerns over a weak demand outlook adding to downward pressure. Brent Crude was at $60.78/bbl, down 0.64% and later traded at 60.84 per barrel, down 0.54%.

     

  • 09:56 IST

    FII and DII remain negative

    Net investment of equity and debt reported by foreign portfolio investors (FPIs) remained bearish with net selling logged at Rs 213.23 crore from Indian equities. Similarly domestic institutional investors (DIIs) too logged net selling at Rs 137.38 crore on Wednesday.

     

  • 09:56 IST: Net investment of equity and debt reported by foreign portfolio investors (FPIs) remained bearish with net selling logged at Rs 213.23 crore from Indian equities. Similarly domestic institutional investors (DIIs) too logged net selling at Rs 137.38 crore on Wednesday.

     

  • 09:55 IST

    Global Market Update

    Domestic equity market has opened positive led by firm global cues. Elsewhere in Asia, markets have opened positive. On the Singaporean Exchange, SGX Nifty is trading up 24 points at 11,662.50.

    On the Wall Street, US stocks closed higher with the major indexes managing to shake off weakness from corporate quarterly results from the country's biggest names. Although currently, US Futures flat- to-negative.

  • 09:55 IST: Domestic equity market has opened positive led by firm global cues. Elsewhere in Asia, markets have opened positive. On the Singaporean Exchange, SGX Nifty is trading up 24 points at 11,662.50.

    On the Wall Street, US stocks closed higher with the major indexes managing to shake off weakness from corporate quarterly results from the country's biggest names. Although currently, US Futures flat- to-negative.

  • 09:52 IST

    Earnings scheduled today

     ITC, Maruti Suzuki, Colgate Palmolive, InterGlobe Aviation, ICRA, Raymond, PNB Housing Finance, IDFC First, Cummins, Bandhan Bank, Motilal Oswal Financial Services Ltd, Reliance Naval and Engineering,Reliance Nippon Life Asset Management, Gujarat State Fertilizers & Chemicals, Shriram Transport, HDFC Asset Management Company, DCM Shriram,  Anup Engineering, Westlife Developement, United Spirits, Vascon Engineers, Tata Steel Bsl, Arvind Ltd, Orient Carbon, Parag Milk, Jubilant Industries, Coromandel Engineering Company and Kaycee Industries are among the top listed companies that are due to post results today, data available with BSE shows.

  • 09:52 IST:  ITC, Maruti Suzuki, Colgate Palmolive, InterGlobe Aviation, ICRA, Raymond, PNB Housing Finance, IDFC First, Cummins, Bandhan Bank, Motilal Oswal Financial Services Ltd, Reliance Naval and Engineering,Reliance Nippon Life Asset Management, Gujarat State Fertilizers & Chemicals, Shriram Transport, HDFC Asset Management Company, DCM Shriram,  Anup Engineering, Westlife Developement, United Spirits, Vascon Engineers, Tata Steel Bsl, Arvind Ltd, Orient Carbon, Parag Milk, Jubilant Industries, Coromandel Engineering Company and Kaycee Industries are among the top listed companies that are due to post results today, data available with BSE shows.

  • 09:41 IST

    Sectors Update

    Sectorally, except auto scrips, all the other indices traded in the green by the early session, with highest gains registered in media, metal, financial services and private banking scrips.

  • 09:41 IST: Sectorally, except auto scrips, all the other indices traded in the green by the early session, with highest gains registered in media, metal, financial services and private banking scrips.

  • 09:39 IST

    Opening Session

    On Thursday, Sense opened at 39,223.01 against the last closing of 39,058.83 and Nifty50 started the day's trade at 11,661.65 against the previous closing of 11,604

  • 09:39 IST: On Thursday, Sense opened at 39,223.01 against the last closing of 39,058.83 and Nifty50 started the day's trade at 11,661.65 against the previous closing of 11,604

  • 09:37 IST

    Last Closing

    On Wednesday, equity benchmark indices Sensex and Nifty closed bullish, backed by buying pressure in PSU bank, auto and IT stocks. While Sensex closed 94 points higher at 39,058 and Nifty50 ended 15 points higher at 11,604.

    Sectorally, PSU Bank gained 2%, while auto and IT indices closed 1% higher. On the other hand, media, metal, realty and private banking indices closed in the red for the day.

    Share Market Update: Sensex ends 94 points higher, Nifty at 11,604 level; Bajaj Auto hits fresh 52-week high post result

  • 09:37 IST: On Wednesday, equity benchmark indices Sensex and Nifty closed bullish, backed by buying pressure in PSU bank, auto and IT stocks. While Sensex closed 94 points higher at 39,058 and Nifty50 ended 15 points higher at 11,604.

    Sectorally, PSU Bank gained 2%, while auto and IT indices closed 1% higher. On the other hand, media, metal, realty and private banking indices closed in the red for the day.

    Share Market Update: Sensex ends 94 points higher, Nifty at 11,604 level; Bajaj Auto hits fresh 52-week high post result