All the sectors ended higher except realty index.
Equity benchmark indices recovered strongly today and settled with decent gains amid volatility. The stock market opened flat but selling pressure in the select index majors pushed the index lower.
However, encouraging macro-economic data viz. uptick in manufacturing activities and GST collection figures, combined with recovery in the NBFC and banking majors eased the pressure.
All the sectors ended higher except realty index.
The Nifty IT index ended up over 2.3% at 16,214. Today’s gain was seen in Infibeam Avenue and KPIT Tech, followed by Infosys, Mindtree, Oracle Financial Services, Tata Consultancy Services, Wipro, HCL Tech and Tech Mahindra. TCS and Infosys hit new high in today’s session.
Infibeam stock zoomed 13% on the NSE. As per media reports, the company has complained to the government and SEBI about a WhatsApp message that wiped off 73% of share price on September 28.
PSU Banks index surged led by IDBI Bank, Indian Bank, Punjab National Bank, Union Bank of India, Bank of Baroda and Oriental Bank of Commerce.
Today, the central bank said it would pump Rs36,000cr into the money markets in October in its latest attempt to stem fears of a cascading credit crunch.
Meanwhile, shares of Yes Bank were the top gainer on both the indices. The stock has recovered after the bank informed exchanges of finalising names of two external experts, who will look for the new MD and CEO, by October 7.
Equity market, currency and commodities market will remain shut on Tuesday on account of Gandhi Jayanti.
However, encouraging macro-economic data viz. uptick in manufacturing activities and GST collection figures, combined with recovery in the NBFC and banking majors eased the pressure.
All the sectors ended higher except realty index.
The Nifty IT index ended up over 2.3% at 16,214. Today’s gain was seen in Infibeam Avenue and KPIT Tech, followed by Infosys, Mindtree, Oracle Financial Services, Tata Consultancy Services, Wipro, HCL Tech and Tech Mahindra. TCS and Infosys hit new high in today’s session.
Infibeam stock zoomed 13% on the NSE. As per media reports, the company has complained to the government and SEBI about a WhatsApp message that wiped off 73% of share price on September 28.
PSU Banks index surged led by IDBI Bank, Indian Bank, Punjab National Bank, Union Bank of India, Bank of Baroda and Oriental Bank of Commerce.
Today, the central bank said it would pump Rs36,000cr into the money markets in October in its latest attempt to stem fears of a cascading credit crunch.
Meanwhile, shares of Yes Bank were the top gainer on both the indices. The stock has recovered after the bank informed exchanges of finalising names of two external experts, who will look for the new MD and CEO, by October 7.
Equity market, currency and commodities market will remain shut on Tuesday on account of Gandhi Jayanti.
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