INSUBCONTINENT EXCLUSIVE:
Stock Market on Tuesday: Thirty seven out of 50 Nifty stocks traded with gains.The stock markets started Tuesday's trading session on a
firm note after the trade deficit for September hit a five-month low
The SP BSE Sensex opened at 35,004.33, and the Nifty50 index of the National Stock Exchange (NSE) at 10,550.15
At 9:36 am, the 30-share Sensex traded at 35,121.57, up 256.47 points or 0.74 per cent and the broader Nifty50 was at 10,577.45, with a gain
of 64.95 points or 0.74 per cent
Thirty seven out of 50 Nifty stocks traded with gains.At the time of writing this report, the Sensex had registered an intraday high of
35,132.57 and the Nifty of 10,583.75.IndusInd Bank (up 2.46 per cent) was the top Nifty gainer after it reported 4.6 per cent rise in
second-quarter profit at Rs 920 crore
Mahindra and Mahindra, Asian Paints, Bajaj Finance and UltraTech Cement gained between 1.80 and 2.20 per cent.Ahead of its second quarter
earnings, Infosys (up 0.69 per cent) traded flat.All sectoral indices on the NSE, barring the Nifty IT - the index of IT stocks - traded
with gains, led by auto and banking stocks.Meanwhile, Asian stocks rose modestly on Tuesday, gaining a firmer footing after a week of heavy
losses, although increasing tensions between Saudi Arabia and the West have fanned geopolitical concerns and capped gains
MSCI's broadest index of Asia-Pacific shares outside Japan nudged up 0.25 per cent, crawling away from a 19-month trough touched on
Thursday, according to a report by news agency Reuters.On Monday, the Sensex had ended 131.52 points or 0.38 per cent higher at 34,865.10
institutional investors were net buyers as they purchased equities worth Rs 67.86 crore and Rs 294.78 crore respectively, according to
provisional NSE data.Trade deficit narrowed to $13.98 billion in September from $17.4 billion in August, according to official data released
This was the lowest figure in five months
Solid growth in manufacturing exports, which rose 12.54 per cent in the first six months in dollar terms year-on-year, cancelled out a
September imports were up 10.45 per cent year-on-year
