The Sensex hit a record 40,676.44 but the Nifty was still 81.65 points away from its all-time highDomestic stock markets started Thursday's session on a positive note with the S-P BSE Sensex index hitting a new record high.
The Sensex climbed up as much as 206.66 points to hit an all-time high of 40,676.44 and the broader NSE Nifty benchmark moved to as high as 12,021.40, rising 55.35 points from the previous close, but was still 81.65 points away from its all-time high recorded in June this year.
Strength in banking and financial services sectors supported the markets however weakness in automobile and metal shares limited the gains.The Cabinet on Wednesday approved Rs 10,000 crore for a fund to help clear stalled housing projects.
Finance Minister Nirmala Sitharaman said State Bank of India (SBI) and Life Insurance Corporation (LIC) will contribute an additional Rs 15,000 crore, taking the total size of the fund to Rs 25,000 crore.Sensex, Nifty Update: Auto, Metal, Pharma Sectors Pull Markets LowerLosses in the automobile, metal and pharma sectors weighed on the markets.
The S-P BSE Metal and Auto indices were down 1.28 per cent and 0.82 per cent at the time.IndexChangeNiftyMetal-1.25%Nifty Auto-0.99%Nifty Pharma-0.59%Nifty PSU Bank-0.54%NiftyMedia-0.40%Nifty IT-0.11%Nifty Bank-0.10%Nifty Private Bank-0.01%Nifty Financial Service+0.17%Nifty Fast Moving Consumer Goods+0.20%Nifty Realty+1.11%Sensex Up 23 Points, Nifty Flat As Markets Erase Most Of Day's GainsThe markets gave up most of the day's gains amid selling in automobile and banking stocks.
At 10:20 am, the Sensex traded 22.91 points - or 0.06 per cent - higher at 40,492.69 while the Nifty was up 0.45 point at 11,966.50.Only three out of the 11 sectoral indices on the NSE - the Nifty Realty (up 1.11 per cent), the Nifty FMCG (up 0.20 per cent) and the Nifty Financial Service (up 0.17 per cent) - defended the positive territory.Realty Stocks Jump After Centres Rs 25,000-Crore Boost The Nifty Realty index - which is made of 10 stocks - jumped as much as 3.1 per cent to a near four-month high, with Indiabulls Housing Finance Ltd surging more than 12 per cent.Shares in other real estate firms such as Sobha and Prestige Estates Projects rose over 8 per cent and 4 per cent, respectively.Twenty six stocks on the 50-scrip index moved higher.
Top Nifty Gainers Vs LosersIndexCh (%)IndusInd Bank+0.56%Bharti Infratel+2.06%UltraTech Cement+1.80%HDFC+1.34%ITC+1.15%SBI+1.13%Reliance Industries+0.84%Titan+0.76%Cipla+0.70%Bajaj Finance+0.69%Bharat Petroleum-0.78%Hindalco-0.79%GAIL-0.80%Dr Reddy's -0.88%JSW Steel-0.91%Eicher Motors-1.04%Vedanta-1.08%Tata Motors-1.15%Yes Bank-1.60%Tata Steel+2.32%Top Sensex Gainers Vs LosersIndexCh (%)IndusInd Bank+2.72%HDFC+1.47%ITC+1.21%SBI+1.12%Reliance Industries+1.04%Hero MotoCorp-0.69%Tata Motors-1.18%Vedanta-1.20%Yes Bank-1.96%Tata Steel-2.51%Sensex Up 190 Points, Nifty At 12,015; HDFC, Reliance Industries Top MoversAt 9:42 am, the Sensex traded 189.61 points - or 0.47 per cent - higher at 40,659.39 while the Nifty was up 48.85 points - or 0.41 per cent - at 12,014.90.
Top percentage gainers on the 50-scrip index at the time were IndusInd Bank, Bharti Infratel, UltraTech Cement, SBI and HDFC, up between 1.39 per cent and 2.93 per cent.HDFC, Reliance Industries, ITC and IndusInd Bank were the top contributors to the gain in Sensex, together accounting for a 146.6-point rise in the index.Sensex Rises 207 Points To Record High, Nifty 82 Points Away From RecordThe Sensex rose as much as 206.66 points to touch an all-time high of 40,676.44 in the first few minutes of trade.
The Nifty climbed up as much as 55.35 points to touch 12,021.40 at the strongest level, but was still 81.65 points away from its all-time high registered in June this year.Sensex Opens 156 Points Higher, Nifty Starts Day At 12,021The S-P BSE Sensex index opened 155.86 points higher at 40,625.64, and the broader NSE Nifty benchmark started the session at 12,021.10, up 55.05points from the previous close.On Wednesday, the Sensex had ended 221.55 points (0.55 per cent) higher at 40,469.78 and the Nifty settled 48.85 points - or 0.41 per cent - higher at 11,966.05.Sensex, Nifty Move Higher In Pre-Open MarketThe S-P BSE Sensex index rose as much as 226.79 points to touch 40,696.57 on the upside in the pre-opening session.
At 9:05 am, the Sensex was up 209.96 points - or- 0.52 per cent - at 40,679.74 while the broader NSE Nifty benchmark was up 72.60 points - or 0.61 per cent - at 12,038.65.Cabinet Clears Rs.
25,000-Crore Special Window For Real Estate ProjectsThe government on Wednesday announced a Rs 25,000-crore special window for stalled real estate projects.
The government will set up an Alternative Investment Fund (AIF) under the special window comes at a time the country's real estate sector is struggling against low demand and hundreds of delayed projects."The special window would provide funds to stalled housing projects enabling them to complete unfinished projects and consequently ensure delivery of homes to a large number of home-buyers," Finance Minister Nirmala Sitharaman said.Asian Shares Near Multi-Month PeaksEquities in other Asian markets were nearmulti-month peaks amid lacklustre trade, withMSCI's broadest index of Asia-Pacific shares outside Japan easing a slight 0.1 per cent, just off a six-month high hit earlier in the week.Japan's Nikkei dithered either side of flat in quiet trade, having touched a 13-month top on Wednesday.SGX Nifty Futures Indicate Positive Start For Domestic MarketsDomestic stock markets are likely to start the session on a positive note, a day after the S-P BSE Sensex clocked a record high.
At8:42 am, the Singapore Exchange (SGX) Nifty futures - an early indicator of the National Stock Exchange (NSE) Nifty index in India - traded6.50 points higher at12,014.00, after climbing to as high as12,030.00.