Market News
3 min read | Updated on December 11, 2024, 09:48 IST
SUMMARY
At 09:25 AM, the S&P BSE SENSEX was trading at 81,558.43 levels, up 48 points, or 0.06%, while the NSE's NIFTY50 index was trading at 24,617.05, up 7 points, or 0.03%.
Stock list
The top five gainers on the NIFTY50 index were UltraTech Cement, Grasim Industries, Tata Consumer Products, Coal India, and Hero MotoCorp.
At 09:25 AM, the S&P BSE SENSEX was trading at 81,558.43 levels, up 48 points, or 0.06%, while the NSE's NIFTY50 index was trading at 24,617.05, up 7 points, or 0.03%.
Around 34 stocks of the 50-share index were trading in the green, 15 in the red, while 1 scrip remained unchanged.
PNC Infratech shares surged as much as 9.63% to ₹340.70 apiece on the BSE as the company has received ₹37 crore (bonus) from UPEIDA for early completion of the Purvanchal Expressway (Package VI).
The project was completed 97 days ahead of the scheduled completion date.
Shares of NTPC Green Energy were trading nearly 2% higher on the BSE as its wholly owned subsidiary NTPC Renewable Energy Limited (NTPC REL) won a significant order. In its filing to exchanges on Tuesday, NTPC Green Energy said, "NTPC Renewable Energy Limited (NTPC REL), a wholly owned subsidiary of NTPC Green Energy Limited, has emerged as a successful bidder in the e-reverse auction conducted by the Solar Energy Corporation of India (SECI) for the development of 2000 MW ISTS-connected solar PV power projects."
The BSE MidCap index was trading at 48,047.75 levels, up 80.60 points, or 0.17%, while the BSE SmallCap index was trading at 57,719.83, up 216.71 points,or 0.38%.
Commodity stocks were the sectoral biggest gainers on the BSE, followed by auto and energy counters.
The BSE Commodities index was trading at 7,753.89 levels, up 47.92 points, or 0.62%.
The BSE Commodities is designed to provide investors with a benchmark reflecting companies included in the BSE AllCap that are classified as members of the basic materials sector. It was launched on April 15, 2015.
The BSE AllCap is a rules-based index that measures the performance of the Indian stock market. It's made up of the BSE LargeCap, BSE MidCap, and the BSE SmallCap. The BSE AllCap is a benchmark for the Indian equity market.
On the other hand, banking shares were a little under pressure.
Asian stock markets and the dollar took a breather on Wednesday ahead of an anticipated rate cut in Canada and a US inflation reading expected to leave the Fed on course to cut rates again.
Investors were a touch cautious because, with an 85% chance of a US rate cut next week priced in and with Wall Street indexes around record highs, there is room for disappointment.
The S&P 500 had dipped 0.3% overnight, though it was just 65 points, or a little short of 1%, shy of its all-time high.
MSCI's broadest index of Asia-Pacific shares outside Japan was flat, and Japan's Nikkei fell 0.4%.
Hong Kong and China shares were steady, having handed back gains as traders dialled down excitement about a readout that showed the Politburo had shifted its monetary policy stance and sought to boost consumption.
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