MARKET UPDATE: Sensex up 311 points at 60,340, and Nifty gained 92 points at 17,981
Published On: Wednesday, November 3, 2021 | By: Team KnowMyStock
The key benchmark indices managed to hover near the highs of the day(3rd Nov.2021) due to buying support in select index heavyweights like - HDFC, Larsen & Toubro, and Infosys. The BSE Sensex was up 311 points at 60,340, and the NSE Nifty had gained 92 points at 17,981. The broader markets were also seen holding gains towards the end of the first hour of trades. The BSE Midcap and Smallcap indices were up 0.5 percent and 0.4 percent, respectively. The breadth too was fairly positive early on, with two advancing shares for every single declining stock on the BSE. Larsen & Toubro was up 3.3 percent at Rs 1,876 and was the top gainer among the Sensex 30 stocks. Tech Mahindra, UltraTech Cement, and Kotak Bank were the other prominent gainers. On the other hand, Sun Pharma has slipped 1.5 percent.
In the broader markets, Trent rallied 9 per cent to Rs 1,133 after the company reported a strong set of September quarter (Q2FY22) earnings, with standalone profit after tax (PAT) of Rs 126 crore on back of healthy revenue.
Bharti Airtel was the top gainer in the Sensex pack, up 2.5 per cent, after the telecom major beat market estimates, aided by improved operational performance and exceptional income to report a consolidated net of Rs 1,134 crore for the September quarter.
Besides, Tech M, UltraTech Cement, L&T, NTPC, Tata Steel, and SBI were the other top gainers on the index. On the downside, Titan, Sun Pharma, HDFC Bank, and HUL were the top laggards.
The broader markets, meanwhile, performed in-line with the benchmark indices. The BSE MidCap index added 0.43 per cent and the BSE SmallCap index climbed 0.33 per cent.
Sectorally, only media and pharma indices were in the red, down up to 0.14 per cent. On the upside, the Nifty Realty, PSU Bank, and IT indices were up 0.6 per cent each.
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