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Live Stock Market Updates – Nifty gains by 100 points, Nifty Bank rises over 1.5%

Nifty and Sensex open higher for the second straight session, taking cues from positive US Markets. The markets are pushed higher by the banking sector, which gained by 1.7% on back of Moody’s report on upgrade of Indian Government bond rating. PNB gains by 4%, Bank of Baroda, ICICI Bank, SBI Bank gain by 3%.

At 9:43 AM, the S&P BSE Sensex is trading at 33,484 up by 377 points, while NSE Nifty is trading at 10,329 up by 114 points.

The BSE Mid-cap Index is trading up by 1.20% at 16,702 whereas BSE Small-cap Index is trading higher by 1.18% at 17,668.

Gainers % change Losers % change
1 VEDL 3.29 INFY -1.35
2 TATASTEEL 2.84 TECHM -1.16
3 ICICIBANK 2.66 WIPRO -0.59
4 SBIN 2.55 TCS -0.58
5 HINDALCO 2.49 HCLTECH -0.37

Some buying seen in Basic Materials, Finance, Healthcare, Metals, Industrials, and Bank sectors, while IT and Teck sectors show weakness on the BSE.

The India Vix is down by 5.96% at 12.66.

Out of 1,964 stocks traded on the NSE, 1,297 advanced, 263 declined, and 404 remained unchanged today.

A total of 43 stocks registered a fresh 52-week high in trade today, while 8 stocks touched a new 52-week low on the NSE.

Nifty PSU Bank index up 3% as gilts surge post Moody’s upgrade. PNB  (+4%), Union Bank (+3.5%), IDBI Bank, BoB, Canara Bank (+3%).

IT stocks fall 1% tracking rupee strength against US dollar. Insy, Tech Mahindra, TCS, KPIT Tech, HCL Tech (-1%).

RBI said FPI limit in Petronet LNG increased to 40% from 30%. Stock gains 2%.

JSW Energy to be out of F&O from February series. Stock dips 1%.

Bank of Baroda to consider raising up to Rs 6,000 Cr through a QIP, Rights Issue on Nov 21. Stock spurts 3%.

Vascon Engineers to sell Mumbai division of its subsidiary GMP Technical Solutions for Rs 18 Cr in a slump sale. Stock zooms 4%.

Tata Tele (+5%), Airtel (+1%) on anti-trust body nod.

Nifty PSU Bank index up 3% as gilts surge post Moody’s upgrade. PNB  (+4%), Union Bank (+3.5%), IDBI Bank, BoB, Canara Bank (+3%).