Sensex Rises Over 250 Points, Nifty Hits 11,400: LIVE Market Updates

INSUBCONTINENT EXCLUSIVE:
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
Gains in banking, financial services and automobile shares pushed the markets higher however losses in information technology and metal
counters limited the upside
rise in its standalone net profit in the quarter ended September 30
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
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
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,
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
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
rate cuts this year.Wipro, Kotak Mahindra Bank Earnings In Focus TodayAnalysts awaited quarterly earnings reports from more large caps for
market cues
(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
cent
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