Stock Market Today: Buying interest in IT, pharma and metal shares supported the markets.
Domestic stock markets rose nearly 1 per cent on Tuesday, resuming trade after a day's holiday, after official macroeconomic data showed the country's GDP contracted a better-than-expected 7.5 per cent in the July-September period. The S&P BSE Sensex index rose 416.22 points - or 0.94 per cent - to touch 44,565.94 at the strongest level recorded during the session, and the broader NSE Nifty 50 benchmark climbed to as high as 13,081.10, up 112.15 points - or 0.86 per cent - from its previous close. Gains across sectors - led by IT, pharmaceutical and metal shares - supported the markets. (Stocks To Watch Today)
Here are latest updates on the stock markets today (December 1):
S&P Retains India Forecast At 9% Contraction For 2020-21
S&P Global Ratings on Monday retained its forecast of 9 per cent contraction in the Indian economy for the current fiscal year, saying even though there are now upside risks to growth but it will wait for more signs that COVID infections have stabilised or fallen. S&P, in its report on Asia Pacific, projected the Indian economy to grow at 10 per cent in the next fiscal. (Read More)
Market LIVE: Mid-, Small-Cap Shares Support Markets
Shares across segments supported the overall gains in domestic markets.
Nifty Midcap 100: +0.56%
Nifty Smallcap 100: +0.77%
S&P BSE MidCap: +0.60%
S&P BSE SmallCap: +0.67%
S&P BSE AllCap: +0.85%
Stock Market LIVE: Maruti Suzuki Shares Edge Higher
Maruti Suzuki India posted total sales of 153,223 vehicles last month, marking an increase of 1.7 per cent compared to the corresponding period last year. Total sales included domestic sales of 1,38,956 vehicles.
The country's largest carmaker exported 9,004 units in November 2020.
Maruti Suzuki said it "remains committed to the health, safety and well-being of all members across its value chain. All manufacturing, sales and service operations continue to take place fully consistent with all safety requirements for employees and customers."
Market LIVE Updates: Infosys, ICICI Bank, RIL Top Boosts For Sensex
Infosys, ICICI Bank, Reliance Industries and HDFC were the biggest contributors to the gain in Sensex. The four accounted for nearly 200 points in the Sensex.
Infosys, ICICI Bank, Reliance Industries and HDFC were the biggest contributors to the gain in Sensex. The four accounted for nearly 200 points in the Sensex.
Market LIVE Updates: Banking, Financial Services Shares Choppy
Banking and financial services shares fluctuated between gains and losses, whereas most other sectors continued to rise.
Banking and financial services shares fluctuated between gains and losses, whereas most other sectors continued to rise.
The NSE's India VIX index - which measures the expectation of volatility in the near term - jumped as much as 5.29 per cent.
Market LIVE: Broad-Based Gains Push Markets Higher
All sectoral indices on the NSE were up at the end of the first hour of trade.
Nifty Bank: +0.23%
Nifty Auto: +0.10%
Nifty Financial Services: 0.12%
Nifty FMCG: 0.06%
Nifty IT: 0.79%
Nifty Media: 0.60%
Nifty Metal: 0.97%
Nifty Pharma: 0.63%
Nifty PSU Bank: 1.38%
Nifty Private Bank: 0.32%
Nifty Realty: +2.43%
BSE Sectors
S&P BSE Basic Materials: +1.51%
S&P BSE Consumer Discretionary Goods & Services: v0.55%
S&P BSE Energy: +0.50%
S&P BSE Fast Moving Consumer Goods: +0.29%
S&P BSE Finance: +0.29%
S&P BSE Healthcare: +0.58%
S&P BSE Industrials: +0.74%
S&P BSE Information Technology: +1.12%
S&P BSE Telecom: +0.63%
S&P BSE Utilities: +1.58%
S&P BSE Auto: +0.33%
S&P BSE Bankex: +0.18%
S&P BSE Capital Goods: +0.82%
S&P BSE Consumer Durables: -0.25%
S&P BSE Metal: +0.91%
S&P BSE Oil & Gas: +1.16%
S&P BSE Power: +1.28%
S&P BSE Realty: +2.54%
S&P BSE Tech: +1.04%
Stock Market LIVE: Market Breadth Favours Gains
Overall market breadth favoured gains, with an advance-decline ratio of 2:1, as 1,448 shares on the Bombay Stock Exchange (BSE) traded higher against 687 that moved lower. On the National Stock Exchange, 1,144 shares rose while 579 declined.
Overall market breadth favoured gains, with an advance-decline ratio of 2:1, as 1,448 shares on the Bombay Stock Exchange (BSE) traded higher against 687 that moved lower. On the National Stock Exchange, 1,144 shares rose while 579 declined.
Market LIVE Updates: GAIL, UltraTech, Shree Cement Top Nifty Gainers
Top percentage gainers in the Nifty basket of 50 shares at the time were GAIL, UltraTech Cement and Shree Cement, trading between 2.43 per cent and 3.46 per cent higher.
Top percentage gainers in the Nifty basket of 50 shares at the time were GAIL, UltraTech Cement and Shree Cement, trading between 2.43 per cent and 3.46 per cent higher.
Top Nifty Gainers
GAIL: 3.46%
UltraTech Cement: 2.54%
Shree Cement: 2.43%
Infosys: 2.13%
Grasim: 2.04%
IndusInd Bank: 1.98%
JSW Steel: 1.66%
Top Nifty Laggards
HDFC Bank: -0.39%
Wipro: -0.39%
ONGC: -0.45%
HCL Tech: -0.58%
M&M: -0.71%
Kotak Mahindra Bank: -1.50%
Nestle: -2.46%
Market LIVE: Sensex Up Over 150 Points, Nifty Holds 13,000
At 9:40 am, the Sensex traded 170.40 points - or 0.39 per cent - higher at 44,320.12, and the Nifty traded at 13,002.30, up 33.35 points - or 0.26 per cent - from its previous close.
At 9:40 am, the Sensex traded 170.40 points - or 0.39 per cent - higher at 44,320.12, and the Nifty traded at 13,002.30, up 33.35 points - or 0.26 per cent - from its previous close.
Stock Market LIVE: Sensex Rises Over 300 Points, Nifty Touches 13,050 Amid Choppy Trade
The S&P BSE Sensex index rose 320.54 points - or 0.73 per cent - to touch 44,470.26 at the strongest level recorded in early deals, and the broader NSE Nifty 50 benchmark climbed to as high as 13,064.20, up 95.25 points - or 0.73 per cent - from its previous close. Buying interest in IT, pharmaceutical and metal shares supported the markets, however selling pressure in select financial stocks capped the upside.
Markets Cheer Better-Than-Expected September Quarter GDP Data
Data released after market hours on Friday showed the country's GDP shrank 7.5 per cent in the second quarter of current financial year. That was better than economists' average forecast of 8.8 per cent, after the GDP contracted a record 23.9 per cent in the April-June period.
The contraction became less severe amid signs of a pickup in manufacturing, and economists expect a steady recovery next year if progress on coronavirus vaccines feeds consumer demand.
Sensex Opens Over 250 Points Higher
The S&P BSE Sensex index opened 286.11 points - or 0.65 per cent - higher at 44,435.83, and the broader NSE Nifty 50 benchmark began the day at 13,062.20, up 93.25 points - or 0.72 per cent - from its previous close.
The S&P BSE Sensex index opened 286.11 points - or 0.65 per cent - higher at 44,435.83, and the broader NSE Nifty 50 benchmark began the day at 13,062.20, up 93.25 points - or 0.72 per cent - from its previous close.
Market LIVE: SGX Nifty Above 13,000 Mark
At 8:43 am, the SGX Nifty futures traded 12.00 points - or 0.09 per cent - higher at 13,009.00.
Official data released after market hours on Friday showed the country's gross domestic product (GDP) contracted a better-than-expected 7.5 per cent in the July-September period.
Market LIVE Updates: Sensex, Nifty Likely To Open Higher
Domestic stock markets are likely to start Tuesday's session on a positive note, resuming trade after a day's holiday on account of Guru Nanak Jayanti.
The Singapore Exchange's Nifty futures - an early indicator of the National Stock Exchange's Nifty 50 benchmark index - rose 28.8 points, or 0.22 per cent, to touch 13,025.80 at the strongest level recorded ahead of the opening of Indian markets.
Watch Live News:
