Informist, Thursday, Nov 4, 2021
By Joe Milton
MUMBAI – Domestic equity indices kicked off the new Samvat year 2078 on a positive note aided by global markets.
The US Federal Reserve on Wednesday announced the expected tapering of its asset purchase programme starting mid-November. However, investors drew comfort that the bank would maintain near-zero interest rates until substantial progress is made on the employment front.
Share indices opened higher and were steady throughout the brief trading session as investors picked their favourite stocks on the auspicious occasion of Diwali.
The Nifty 50 index ended 0.5% higher at 17916.80 points led by gains in the shares of financial and automobile companies. The BSE-Sensex closed at 60067.62, 0.5% higher.
Buying was seen in the broader market as well, with small- and mid-cap indices in NSE ending 0.8-1.5% higher.
On the eve of Diwali the Union government had slashed excise duty on petrol and diesel by 5 rupees and 10 rupees per litre, respectively, and many state governments had followed suit.
Following the cut in the price of diesel, investors accumulated stocks in logistics sector on hope that it would improve the profitability of those companies. Shares of Transport Corp of India, GATI Ltd, Allcargo Logistics, VRL Logistics, and Snowman Logistics ended 2-5% higher.
Nifty Auto was the top gainer among sectoral indices, led by Eicher Motors' stock. The stock surged over 6% on strong September quarter earnings.
* Among Nifty 50 stocks, 42 rose and 8 fell
* Among Sensex stocks, 25 rose, 4 fell, and 1 unchanged
* On the NSE, 841 stocks rose, 1,046 fell and 81 were unchanged
* On the BSE, 2,578 stocks rose, 529 fell and 157 were unchanged
* Nifty FMCG: up 0.89%; Nifty Auto: up 1.48%; Nifty Bank: Up 0.44%
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BSE National Stock Exchange
Sensex: 60067.62, up 295.70 pts (0.5%) Nifty 50: 17916.80, up 87.60 pts (0.5%)
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S&P BSE Sensitive Index Nifty 50
Lifetime High:62245.43 (Oct 19) : Lifetime High: 18604.45 (Oct 19)
Record Close High: 61765.59 (Oct 18) : Record Close High: 18477.05 (Oct 18)
2021 1st day close: 47868.98 (Jan 1) : 2021 1st day close: 14018.5 (Jan 1)
2021 Closing High: 61765.59 (Oct 18) : 2021 Closing High: 18477.05 (Oct 18)
2021 Closing Low: 46285.77 (Jan 29) : 2021 Closing Low: 13634.60 (Jan 29)
2021 High (intraday): 62245.43 (Oct 19) : 2021 High (intraday): 18604.45 (Oct 19)
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)
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End
Edited by Mainak Moitra
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