Sensex, Nifty ended with a new milestone of a 1-month record closing high, however, the market has been volatile throughout the trading hours and moved marginally up or down.
Nifty closed with a gained 15 points and closed at 8,261, while BSE Sensex ended with a gain of 53 points at 26747.18.
On the global front, most Asian indices closed in green, however, Hang Seng and Strait Times ended in red and marginally down. In Europe, the FTSE 100 was up 0.12%. CAC 40 was up 0.21% and DAX was down 0.11% while, the US Nasdaq was also up 0.44%.
BI, Bank of Baroda, Tata Power, ACC, ICICI Bank were the key gainers on NSE while Infratel, Bajaj Auto, Grasim, Eicher Motors were the key losers on Nifty. Nifty Auto closed in red and down 0.50% while Nifty Bank was trading in green and up at 0.97%. Nifty Media, Nifty PSU Bank and Nifty Realty were witnessing an uptrend and had gained over 1.5-2.5%.
Also, the traders were in cautious mode ahead of the US Federal Reserve’s Monetary Policy meeting. The industry is hoping that there will be a rate hike by the US Fed in the coming week.
The highlight of the day was the performance of Sheela Foam. Sheela Foam made a stupendous debut on the exchange today, listing at Rs 860, a premium of 17% over its issue price of Rs 730. It had an IPO size on Rs 510 crore, to be subscribed between November 29 – December 1. The IPO had seen a subscription of 5.10 times.
Polaris Consulting up 10% as OFS for retail investors opens; OFS for non-retail portion gets 3.1 times demand yesterday.
Strides Shasun up 3% as it plans to acquire Perrigo’s US FDA approved API facility in India.
Rolta India gains 8% ahead of its quarter earnings declaration.
Claris Lifesciences shares were up 4% as the company’s consolidated net profit in Q2 increased to 32.38 crore as compared to 11.99 crore in the same period year ago.
Mahindra & Mahindra Ltd said that the Company will be undertaking scheduled maintenance shutdown at some of its Automotive and Tractor plants in December, 2016.
NHPC Ltd said that Power Purchase Agreement (PPA) in respect of up-coming projects Tawang-I and Tawang-II HE Project has been signed on December 06, 2016 with “Assam Power Distribution Company Limited”.
AXISCADES Engineering Technologies Limited (ACETL) has completed the acquisition of AXISCADES Aerospace and Technologies Private Limited (ACATL), a Technology Company focusing on Aerospace & Defense and Homeland Security areas.
Rolta India gains 8% ahead of its quarter earnings declaration.
Hinduja Global Solutions stocks up 5%, the company is witnessing growth in its service business in the US.
J Kumar Infraprojects shares up 3% ahead of it quarter earnings declaration.
IL&FS Engineering emerges lowest bidder for rural electrification works worth Rs 225 cr in Jharkhand.
Gold was trading at Rs 27,753 per 10 gms and silver was trading at Rs 41,597 per kg.
The Indian rupee was trading at 67.44 per US dollar.
Out of 1530 stocks traded on the NSE, 702 declined and 760 advanced today.
Top 5 Nifty Gainers: ONGC (1.74%), Reliance Ind. (0.94%), Sun Pharma (0.51%), Coal India (0.49%) and SBI (0.34%).
Top 5 Nifty Losers: Tata Motors (-1.99%), Infosys Ltd. (-1.85%), Asian Paints (-1.78%), Bajaj Auto (-1.67%) and Adani Ports & Sez (-1.52%)
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