Nifty falls after 3-day rally; November WPI eases to 4.64%

Rupee Update: Indian rupee is trading marginally lower at 71.72 per dollar against Thursday's close 71.68 per dollar.

Asian Markets Under Pressure

Asian markets fell, putting the region on course to end a broadly positive week on a sour note, as traders took a step back and their profits off the table.

There was also some unease after the head of the European Central Bank raised concerns about the growth outlook for the eurozone owing to issues within and outside the bloc.

Japan's Nikkei, Hong Kong's Hang Seng and South Korea's Kospi were down over a percent while China's Shanghai Composite slipped half a percent.

Market Update

Benchmark indices continued to consolidate in morning, which was on expected lines said technical analysts.

The 30-share BSE Sensex rose 14.52 points to 35,944.16 and the 50-share NSE Nifty gained 1.50 points at 10,793.

The market breadth was in favour of bulls as about 780 shares advanced against 661 declining shares on the BSE.

Source:https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-bse-nse-nifty-falls-after-3-day-rally-november-wpi-eases-to-4-64-3289111.html

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Closing Bell: Sensex ends 150 pts higher, Nifty below 10,800; auto, bank stocks top gainers

Market at close: Benchmark indices ended the volatile session on positive note on Thursday with Nifty ended below 10,800 level.

The Sensex was up 150.57 points or 0.42% at 35929.64, while Nifty was up 53.90 points or 0.50% at 10791.50. About 1470 shares have advanced, 1055 shares declined, and 135 shares are unchanged. 

Wipro, Kotak Mahindra Bank, Infosys, Maruti Suzuki and Tata Motors are the top gainers on the Sensex, while Yes Bank, Sun Pharma, TCS, Tata Steel and Coal India are among major losers.

Source:https://www.moneycontrol.com/news/business/markets/closing-bell-sensex-ends-150-pts-higher-nifty-below-10800-auto-bank-stocks-top-gainers-3285011.html

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Nifty above 10,800, Sensex gains over 200 pts; rate cut hope lifts banks, NBFCs

  

Nifty Reclaims 10,800 Levels:

Benchmark indices rallied sharply in opening on Thursday, continuing uptrend for third straight session after retail inflation and IIP data.

The Sensex rose 233.07 points to 36,012.14 and the Nifty gained 68.30 points at 10,805.90. 

SBI, Vedanta, JSW Steel, Indiabulls Housing Finance, Yes Bank, HUL, Maruti Suzuki, HPCL and Bajaj Finserv were early gainers.

UPl, Kotak Mahindra Bank, Tech Mahindra, Lupin, Sun Pharma and Cipla were under pressure.

Nifty Midcap gained 116 points and Nifty Bank rallied 176 points.

Bandhan Bank, Indian Bank, Bank of India, Edelweiss Financial, Corporation Bank, ICICI Prudential Life, AU Small Finance Bank, Jet Airways and InterGlobe Aviation, MTNL, SpiceJet and Titagarh Wagons were early gainers among broader space.

Rupee Extends Gains

The rupee appreciated by 45 paise to 71.56 in morning after the new RBI governor Shaktikanta Das took charge and stressed on the need of a consultative approach to tackle pressing economic issues.

Forex traders said a higher opening of domestic equity markets and weakening of the US dollar against some currencies overseas boosted the local unit.

"The new RBI governor's first speech confirms our initial impression that he is likely to be more communicative and consultative in his approach, which is a positive," Japanese financial services major Nomura said in a research note. Source: PTI

Source:https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-bse-nse-nifty-above-10800-sensex-gains-over-200-pts-rate-cut-hope-lifts-banks-nbfcs-3285011.html

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Closing Bell: Bulls take charge on D-Street as Sensex ends 629 pts higher; Nifty above 10,700

Market at Close: Bulls took charge right from the word go and consistently traded in the green. But intense buying in the last hour helped the market end on an even stronger note. The Nifty, not only managed to clock 10,700, but also closed above this mark. 

Buying was visible across all sectors, with maximum gains seen among automobiles, metals, banks, infrastructure and consumption names. In the broader market, the Nifty Midcap index ended 3 percent higher. 

At the close of market hours, the Sensex closed up 629.06 points or 1.79% at 35779.07, while the Nifty rose 188.40 points or 1.79% at 10737.60. The market breadth was positive as 1,882 shares advanced, against a decline of 645 shares, while 139 shares were unchanged.

Hero MotoCorp, Bharti Airtel, and Indiabulls Housing gained the most, while Dr Reddy’s Laboratories, and Bharti Infratel lost the most.

Source:https://www.moneycontrol.com/news/business/markets/share-market-updates-bse-nse-closing-bell-bulls-take-charge-on-d-street-as-sensex-ends-629-pts-higher-nifty-above-10700-3280341.html

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