Sensex, Nifty today: The Sensex crossed the 38,450 mark and the broader Nifty hit 11,400Domestic stock markets rose on Tuesday with the S-P BSE Sensex index gaining more than 250 points, tracking gains in Asian peers.
The broader National Stock Exchange (NSE) Nifty benchmark index climbed to as high as 11,408.35 in late morning deals, up 67.2 points from its previous close.
The Sensex index added as much as 255.01 points to touch 38,469.48on the upside.
Gains in banking, financial services and automobile shares pushed the markets higher however losses in information technology and metal counters limited the upside.
Hindustan Unilever shares rose1.90 per cent in intraday trade, a day after the fast-moving consumer goods major reported a21.18 per cent rise in its standalone net profit in the quarter ended September 30.
Analysts awaited financial earnings from IT major Wiprofor cues.
Meanwhile, official data showed that consumer inflation hit a 14-month high of 3.99 per cent in September, close to the Reserve Bank of India's medium-term goal.Market Breadth Favours GainsMarket breadth was positive with 945 stocks trading higher on the Bombay Stock Exchange (BSE) as against 885 moving lower and 129 remaining unchanged.
On the National Stock Exchange (NSE), 838 stocks advanced, 789 declined while 495 were flat.Market breadth is an indicator in which the number of stocks trading higher is compared with that of those moving lower.Indian Oil, Eicher Motors, BPCL, Asian Paints Top GainersThirty three stocks on the 50-scrip Nifty index moved higher.
Indian Oil, Eicher Motors, Bharat Petroleum and Asian Paints - up between 1.31 per cent and 2.25 per cent - were the top percentage gainers on the 50-scrip index.Top Nifty Gainers/LosersPharma, Consumer Goods, Financial Sectors Lead GainsIn percentage terms, pharmaceuticals and consumer goods sectors led the gains in the markets.
On the other hand, selling pressure in the metal sector capped the upmove.IndexChangeNifty Pharma+0.75%Nifty Fast-Moving Consumer Goods+0.58%Nifty Financial Service+0.57%Nifty Bank+0.51%Nifty Private Bank+0.39%Nifty PSU Bank+0.16%Nifty Auto+0.15%Nifty IT-0.16%Nifty Realty-0.32%Nifty Media-0.36%Nifty Metal-0.84%Sensex Up Over 100 Points, Nifty Firm Above 11,350At 9:24 am, the Sensex traded 114.77 points - or 0.30 per cent - higher at 38,329.24 while the Nifty was up 25.00 points - or 0.22 per cent - at 11,366.15.
Top percentage gainers on the 50-scrip index at the time were Indian Oil, Yes Bank, Hindustan Unilever, Britannia and Bharat Petroleum, trading between 1.24 per cent and 1.93 per cent higher.HDFC Bank, HUL and TCS were the top contributors to the upmove in Sensex.Sensex Opens 102 Points Higher At 38,316, Nifty Starts Day At 11,361The S-P BSE Sensex index opened 102.02 points - or 0.27 per cent - higher at 38,316.49, and the broader NSE Nifty benchmark started the session at 11,360.85, up 19.7points - or 0.17 per cent - from its previous close.On Monday, the Sensex index had ended 87.39 points - or 0.23 per cent - higher at 38,214.47 and the broader Nifty benchmark settled at 11,341.15, up 36.10 points - or 0.32 per cent - from its previous close.Sensex, Nifty Rise In Pre-Open MarketThe S-P BSE Sensex index rose as much as 156.03 points to 38,370.50 in the pre-opening session.
At 9:03 am, the Sensex was up 113.96 points - or 0.30 per cent - at 38,328.43 while the broader NSE Nifty benchmark was at 11,393.50, up 52.35 points - or 0.46 per cent - from its previous close.Consumer Inflation Close To RBI's Medium-Term Target, Analysts Say Still Room For Rate CutConsumer inflation quickened to 3.99 per cent in September driven by higher food prices, government data showed on Monday.
The inflation reading was close to the Reserve Bank of India's medium-term goal of 4 per cent, and much higher compared with 3.28 per cent in the previous month and analysts' estimates.Analysts say the inflation reading still leaves room for thecentral bankto deliver further rate cuts this year.Wipro, Kotak Mahindra Bank Earnings In Focus TodayAnalysts awaited quarterly earnings reports from more large caps for market cues.
Wipro, Kotak Mahindra Bank and ACC will be reporting their results for the quarter ended September 30 on Tuesday.Fast moving consumer goods (FMCG) major Hindustan Unilever on Monday reported a standalone net profit of Rs.
1,848 crore for quarter ended September 30, up 21.18 per cent compared with the corresponding period a year ago.Asian Shares, Wall Street Futures RiseAsian stocks and Wall Street futures inched higher.MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.01 per cent.
Australian shares were up 0.12 per cent, while Japan's Nikkei stock index rose 1.38 per cent.Capping the broader gains, however, was a perceived lack of progress coming out of US-China trade negotiations.Officials from Britain and the European Union will meet at a make-or-break summit on Thursday and Friday that will determine whether or not Britain is headed for a so-called no-deal Brexit.SGX Nifty Futures Indicate Higher Opening For Domestic MarketsDomestic stock markets are likely to start Tuesday's session on a higher note as indicated by the Singapore Exchange (SGX) Nifty futures.
At 8:30 am, the SGX Nifty futures - an early indicator of the National Stock Exchange (NSE) Nifty index in India - were up39.00 points or 0.34 per cent at 11,374.00.