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Markets live: Sensex soars 353 points; bank, PSU stocks steal the show

  • 1.20 pmIndian equity markets were rallying nearly 1.4 per cent in the mid-session on Friday as markets gave a thumbs-up to the steep fall in crude oil prices.
  • The Sensex was trading higher by 352.66 points or 1.24 per cent at 28,791.57 and the Nifty was trading up by 118.60 points or 1.4 per cent at 8,612.20.
  • Sectoral indices Banking index gained the most by 2.96 per cent, followed by PSU 2.06 per cent, auto 1.82 per cent realty 1.75 per cent.
  • BSE gainers, losers SBIN (+4.41%), Axis Bank (+2.82%), ICICI Bank (+2.67%), Tata Motors (+2.4%) and M&M (+2.09%) were the major Sensex gainers, while the major losers were SSLT (-1.95%), Bharti Airtel (-1.11%) and Bajaj Auto (-0.45%).
  • European stocks were seen steady on Friday after a five-session winning streak, while a further drop in crude oil prices was set to keep the pressure on energy shares.
  • At 0714 GMT, futures for Euro STOXX 50, for Germany's DAX and for France's CAC were down 0.1 per cent to up 0.1 per cent.
  • 12.35 pmIndian equity markets were witnessing a rally as Brent crude fell to a four-year low of $72.50 per barrel.
  • The BSE benchmark Sensex surged 317.56 points or 1.12 per cent to 28,756.47 and the NSE index Nifty rose 107.25 points or 1.26 per cent to 8,601.25.
  • Sectoral indices Banking index gained the most by 2.97 per cent, followed by PSU 2.04 per cent, consumer durables 1.62 per cent and auto 1.55 per cent.
  • BSE gainers, losers SBIN (+4.69%), Axis Bank (+3.09%), ICICI Bank (+2.67%), Tata Motors (+2.18%) and L&T (+1.87%) were the major Sensex gainers, while the major losers were SSLT (-1.45%), Bajaj Auto (-0.51%), TCS (-0.42%), Bharti Airtel (-0.32%) and HUL (-0.01%).
  • Nifty callGo long with a stop-loss at 8,620
  • Bank stocksMarket sizzles, bank stocks zoom
  • 11.35amIndian equity markets were rallying as investors gave a thumbs-up to the drop in crude oil prices.
  • The Sensex surged 321.11 points or 1.13 per cent to 28,760.02 and the Nifty jumped 107.20 and the Nifty jumped 107.20 points or 1.26 per cent to 8,601.40.
  • Sectoral indices Banking index gained the most by 3.14 per cent, followed by PSU 1.88 per cent, auto 1.82 per cent and realty 1.27 per cent.
  • BSE gainers, losers SBIN (+4.3%), Axis Bank (+3.28%), Tata Motors (+2.85%), ICICI Bank (+2.65%) and HDFC Bank (+1.73%) were the major Sensex gainers, while the major losers were SSLT (-1.41%), Bajaj Auto (-0.45%), Coal India (-0.43%), Bharti Airtel (-0.31%) and BHEL (-0.18%).
  • Just Dial stockJust Dial shares surged nearly 4 per cent after RBI allowed the company to raise FII limit.
  • Jet Airways zoomsShares of Jet Airways surged nearly 14 per cent on ICRA rating.
  • 10.37amThe BSE benchmark Sensex was trading higher by 279.26 points or 0.98 per cent at 28,718.17 ahead of GDP data due later in the day and RBI monetary policy review on Tuesday.
  • Similarly, the NSE index Nifty was trading up 89.15 points or 1.05 per cent at 8,583.35.
  • Sectoral indices Banking index gained the most by 2.64 per cent, followed by PSU 1.48 per cent, auto 1.23 per cent and consumer durables 1.18 per cent, while only metal index was down 0.06 per cent.
  • BSE gainers, losers SBIN (+4.01%), Axis Bank (+3.04%), ICICI Bank (+2.54%) and HDFC (+2.04%) and HDFC Bank (+1.58%) were the major Sensex gainers, while the major losers were SSLT (-0.9%), Bharti Airtel (-0.48%), BHEL (-0.39%), Bajaj Auto (-0.21%) and NTPC (-0.18%).
  • Rupee down 7 paise The rupee was trading weak by 7 paise at 61.94
  • 9.48 amThe Sensex soared to a record high ahead of economic data due later in the day and the RBI monetary policy on Tuesday.
  • The 30-share BSE index Sensex surged 308.36 points or 1.08 per cent to 28,747.27 and the 50-share NSE index Nifty rose 91.9 points or 1.08 per cent at 8,586.10.
  • Sectoral indices Banking, PSU, auto and consumer durables indices led the Sensex rally and were up 2.4 per cent, 1.83 per cent, 1.27 per cent and 1.15 per cent, respectively.
  • BSE gainers, losers SBIN (+3.71%), Axis Bank (+2.99%), ICICI Bank (+2.28%) and HDFC (+1.82%) were the major Sensex gainers, while the major losers were Bharti Airtel (-0.91%), Reliance (-0.16%), SSLT (-0.15%) and BHEL (-0.12%).
  • Brokers comment: Domestic sentiment was buoyed as December series in the derivative segment commenced on a strong footing on sustained fund inflows amid falling global crude prices.
  • Besides, positions enlarged by retail investors ahead of the September quarter GDP data to be released later in the day and RBI monetary policy review next week also the influenced trading sentiment.
  • Rupee weak The rupee opened marginally weak at 61.90 against the previous close of 61.87 on sustained month-end dollar demand from importers.
  • Stocks to watch out for:Six more enters F&O segment
  • Today's Pick:Investors with a short-term perspective can consider buying Exide Industries stock
  • 9.15 amThe Sensex soared 326.61 points to hit a new peak of 28,765.52 and the Nifty jumped 97.20 points to an all-time high of 8,591.40 in opening trade.
  • Asian markets
  • Most Asian stocks rose as Japanese equities advanced as investors weighed economic data, including inflation. Energy shares led losses after oil prices plunged.
  • Crude oil
  • Oil prices, oil-related shares and oil-linked currencies all tumbled in Asia on Friday, in the wake of OPEC's decision to refrain from cutting output despite a huge oversupply.
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