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Sensex at new closing high, Nifty ends Oct expiry at 8169

14:00

The News International Team

03:30 pm Market closing

The market ended with hefty returns. The Nifty ended at 8169.20 up 78.75 points or 0.9 percent, after breaking the all-time high of 8180. The Sensex was at record closing high, up 248.16 points or 0.9 percent at 27346.33. About 1569 shares advanced, 1354 shares declined and 120 shares were unchanged.

Reliance gained 3 percent while TCS, Hindalco, Infosys and GAIL were top gainers. On the losing side were Sesa Sterlite, M&M, Cipla, Tata Power and Hero.

03:16 pm Market data

Nifty Put Call ratio is at 1.25 versus 1, highest in this series. Total market turnover above is Rs 10 lakh crore for first time ever. All IT stocks on Nifty trading in the green in range of 1-4 percent. NSE F&O turnover above Rs 5 lakh crore. ICICI Bank, Axis Bank are biggest contributors to Bank Nifty gain.

03:07 Market breaks record

The Nifty has hit record high on October F&O expiry day. The Nifty broke its all-time high of 8180. The 50-share index is up around 90 points. The Sensex is up 290.22 points or 1 percent at 27388.39. The Sensex is up 290.22 points or 1 percent at 27388.39. The market turnover is at record high.

02:30pm Interview

In an interview to CNBC-TV18 Gurunatha Reddy, CFO, said that Astra Microwave’s strong order book led to business growth and it executed a huge order in the quarter which had higher margins.

The company has won fresh orders worth Rs 50 crore in this quarter, he said.

The company’s net profit surged to Rs 23.4 crore in Q2 FY15 versus Rs 11.6 crore seen in the same quarter a year ago. Its net sales also rose to Rs 190.1 crore versus Rs 115.3 crore, on a year-on-year basis. The company maintains 12 percent PAT guidance for FY15.

02:00pm Market Check

Equity benchmarks continued to see strong buying interest in afternoon trade supported by oil & gas, FMCG, technology and HDFC group stocks. The Sensex rose 241.27 points to 27339.44 while the Nifty climbed 74.65 points to 8165.10.

About 1493 shares have advanced, 1318 shares declined, and 118 shares are unchanged.

In key earnings today, Maruti Suzuki hit a new high of Rs 3,297 after reporting a solid 28 percent growth in profit while ICICI Bank reported a 15 percent growth in profit to Rs 2,709 crore with weak asset quality. The stock declined marginally.

From the midcaps, YES Bank reported a strong quarter with 30 percent profit growth and Jubilant Foodworks disappointed with a 13 percent fall in profit.
 
Mark Mobius of Templeton EM says India has seen a revival in spirits, with GDP growth expanding at a robust 5.7 percent in the quarter ended June 30. He says, optimism surrounding Narendra Modi has been reflected in the equity market.

Global markets are cheerful today post the FOMC outcome. Asian markets like Japan’s Nikkei and China’s Shanghai rallied more than 0.5 percent while Europe climbed 1 percent.

However, the currency saw weakness with the rupee falling to 61.50 as the Federal Reserve ended its monetary stimulus.

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