Informist, Friday, Nov 3, 2023

By Neeshita Beura

MUMBAI – Benchmark indices closed higher for the second straight session tracking the positive sentiments in the global markets. Similar to Thursday, all sectoral indices pushed the benchmarks higher today.

On Wednesday, the US Federal Reserve kept its key interest rate unchanged for the second time in a row at 5.25-5.50%. While Fed Chair Jerome Powell had not ruled out the possibility of a rate hike in December, the economic data released on Thursday in the US sparked hopes of the Fed not increasing rates this year.

On Thursday, a decline in labour cost led to the view that inflation is under control and a rise in weekly unemployment claims for the week ended Saturday also helped cement the view that the Fed might not increase rates in December.

"We are seeing a positive impact of the US Fed's decision on markets. They have clearly ruled out a rate hike in a sense, which is visible in gains in markets," said Narendra Solanki, head of equity research, Anand Rathi.

Mirroring the global markets, Nifty 50 ended 0.5% higher at 19230.60 points and Sensex ended 0.4% higher at 64363.78 points. Both benchmark indices rose after having ended lower for the past two weeks and gained nearly 1% this week.

Shares of ICICI Bank, Infosys, and HDFC Bank contributed the most to Nifty 50's gain. Among Nifty 50 companies, Apollo Hospitals Enterprise and Adani Ports and Special Economic Zone were the top gainers as they ended 5.5% and 2.7% higher, respectively. Bajaj Finserv, on the other hand, ended 2.5% lower and was the worst hit stock on the index.

The market saw a lot of stock-specific action today due to earnings announcements by various companies, such as Godfrey Phillips, Aditya Birls Capital, MRF, Bayer Cropscience, and Prism Johnson.

Shares of Nifty 50 constituent, Titan, ended 2.3% higher. The company's net profit for the quarter was 9.40 bln rupees, higher than 8.57 bln rupees a year ago and analysts' expectation of 8.18 bln rupees. Total income was at 117.82 bln rupees against 87.90 bln rupees in the year-ago period.

All sectoral indices gained this week and, amongst them, Nifty Realty was the clear outperformer, gaining over 10%.

* Of the Nifty 50 stocks, 32 rose, 16 fell, and 2 were unchanged

* Of the Sensex stocks, 16 rose, 13 fell, and 1 was unchanged

* On the BSE, 2,294 stocks rose, 1,394 fell, and 130 were unchanged

* Nifty Realty: Up 2.5%; Nifty Bank: Up 0.7%; Nifty Pharma: Up 0.3%

BSE                                                NSE
Sensex: 64363.78, up 282.88 pts, or 0.4%           Nifty 50: 19230.60, up 97.35 pts, or 0.5%

S&P BSE Sensitive Index                            Nifty 50
Lifetime High: 67927.23 (Sep 15, 2023)          :  Lifetime High: 20222.45 (Sep 15, 2023)
Record Close High: 67838.63 (Sep 15, 2023)      :  Record Close High: 20192.35 (Sep 15, 2023)

2023 1st day close: 61167.79 (Jan 2)            :  2023 1st day close: 18197.45 (Jan 2)
2023 Closing High: 67838.63 (Sep 15, 2023)      :  2023 Closing High: 20192.35 (Sep 15)

2023 Closing Low: 59288.35 (Feb 27)             :  2023 Closing Low: 17311.80 (Oct 17)

2023 High (intraday): 67927.23 (Sep 15)         :  2023 High (intraday): 20222.45 (Sep 15)

2023 Low (intraday): 58699.20 (Jan 30)          :  2023 Low (intraday): 17098.55 (Jan 17)

2022 1st day close: 59183.22 (Jan 3)            :  2022 1st day close: 17625.70 (Jan 3)
2022 Closing High: 63284.19 (Dec 1)             :  2022 Closing High: 18812.50 (Dec 1) 
2022 Closing Low: 51360.42 (Jun 17)             :  2022 Closing Low: 15293.50 (Jun 17)
2022 High (intraday): 63583.07 (Dec 1)          :  2022 High (intraday): 18887.60 (Dec 1)

2022 Low (intraday): 50921.22 (Jun 17)          :  2022 Low (intraday): 15183.40 (Jun 17)
2021 Closing High: 61305.95 (Oct 14)            :  2021 Closing High: 18338.55 (Oct 14) 
2021 Closing Low: 46285.77 (Jan 29)             :  2021 Closing Low: 13634.60 (Jan 29)
2021 High (intraday): 61353.25 (Oct 14)         :  2021 High (intraday): 18350.75 (Oct 14)
2021 Low (intraday): 46160.46 (Jan 29)          :  2021 Low (intraday): 13596.75 (Jan 29)-

2020 Closing High: 47751.33 (Dec 31)            :  2020 Closing High: 13981.95 (Dec 30)
2020 Closing Low: 25981.24 (Mar 23)             :  2020 Closing Low: 7610.25 (Mar 23)
2020 High (intraday): 47896.97 (Dec 31)         :  2020 High (intraday): 14024.85 (Dec 31)
2020 Low (intraday): 25638.90 (Mar 24)          :  2020 Low (intraday): 7511.10 (Mar 24)
2019 High (intraday): 41809.96 (Dec 20)         :  2019 High (intraday): 12293.90 (Dec 20)
2019 Low (intraday): 35287.16 (Feb 19)          :  2019 Low (intraday): 10583.65 (Jan 29)
2018 High (intraday): 38938.91(Aug 28))         :  2018 High(intraday): 11760.20 (Aug 28)
2018 Low (intraday): 32483.8 (Mar 23)           :  2018 Low (intraday): 9951.9 (Mar 23)
2017 High (intraday): 34005.37 (Dec 26)         :  2017 High(intraday): 10515.10 (Dec 26)

End

Edited by Maheswaran Parameswaran

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