Market update 11th May 2020. IRCTC 5% Up

Overall performance:

Indian stock market closed lower on 11th May. At close, SENSEX was down by 81.48 points or 0.26% at 31,561.22 and NIFTY was down by 12.30 points or 0.13% at 9,239.20. However, the S&P BSE Small cap index fell by 10.56 points or 0.10% closing at 10,628.14 and S&P BSE mid cap index was up by 0.65% or 74.20 points closing at 11,498.01.

Global indices and commodities:

When Indian market closed, DAX was trading at 10,818.48, down by 86.00 points or 0.79%, NASDAQ was trading at 9,121.32 up by 1.58% or 141.66 points and CAC was trading at 4,485.11, down by 1.42% or 64.53 points. While, SGX Nifty was down by 41 points or 0.44% and trading at 9,215.00
Currently, Gold is trading at 45,656 down by 156 points and 0.34%, Silver is trading at 42,972 down by 321 points and 0.74% and Crude oil is trading at 1,844 which is up by 7 points and 0.38%.

Currency:

At the time of closing of Indian indices, USD was trading at 75.74, up by 0.19%. EURO was trading at 81.96, up by 0.07% and GBP was trading at 93.37, down by 0.35%. Indian Rupee ended higher by 0.26% at 75.74 per Dollar.

Sector:

Sector wise, the S&P BSE Finance index declined by 77.21 points and S&P BSE Auto rose by 522.72 points or 4.23%. At closing, NIFTY BANK fell by 402.40 points but NIFTY Auto increased by 231.95 points or 4.26%.

Top 5 gainers:

Today, most of the top gainers were auto stock. Hero MotoCorp gained 6.42% closing at 2,0885.65. Tata Motors increased by 6.23% closing at 86.10, Maruti Suzuki and Bajaj auto gained 6.09% closing at 4,937.80 and 2,566.30 respectively. Bharti infratel increased by 5.37% closing at 183.60.

Top 5 losers:

ICICI bank declined by 5.20% and closing at Rs 320.15, both BPCL and Dr Reddys Labs fell by 3.06% closing at Rs 314.80 and 3,862 respectively. Kotak Mahindra decreased by 2.38% closing at Rs 1,188.45 and HUL fell by 1.98% closing at Rs 2,048.

Stock in news:

Most active stock by volume were reliance, ICICI bank, HUL and Maruti Suzuki. After online bookings for passenger train started today, shares of IRCTC locked in 5 percent upper circuit closing at Rs 1,303.55 and up by 62.05 points. Other stock in news was Vodafone idea as their share price jumped today by 9.52 percent, closing at Rs 4.40 and around 77,55,07,976 shares were traded today.

BSE, NSE to launch rupee derivative contracts

How the stock market performed on 8th May?

Overall performance:

Indian indices ended higher on 8th May witnessing profit booking during the last hour of trade which pulled the NIFTY below 9,300. SENSEX closed at 31,642.70 up by 0.63% or 199.32 points. NIFTY closed at 9,251.50 up by 0.57% or 52.45 points. However, the S&P BSE Small cap index fell by 48.05 points or 0.45% and S&P BSE mid cap index was up by 0.04% or 4.13 points closing at 11,423.81.

Global indices and commodity:

When the Indian market closed, DAX was trading at 10,887.52, up by 128.25 points or 1.04%, NASDAQ was trading at 9,041.42, up by 1.41% or 125.27 points and CAC was trading at 4,537.86, up by 0.95% or 36.45 points.

Currently, Gold is trading at 46,050, down by 111 points and 0.24%, Silver is trading at 43,281, up by 158 points and 0.37% and Crude oil is trading at 1,841 which is up by 7 points and 0.38%.

Currency:

At the time of closing of Indian markets, USD was trading at Rs 75.54, down by 0.28%. EURO was trading at Rs 81.89, down by 0.25% and GBP was trading at Rs 93.84, up by 0.17%. Indian Rupee ended higher, 21 paise at Rs 75.55 per Dollar.

Sector:

Sector wise, the S&P BSE Finance index declined by 0.37% and S&P BSE Auto down by 1.29%.

At closing, NIFTY BANK fell by 138.90 points and NIFTY IT increased by 0.83%.

Top 5 gainers:

HUL increased by 4.89%, closing at Rs 2,089.45, Nestle was up by 3.85% and closed at Rs 17,802.95, Tech Mahindra gained 3.84% and closed Rs 536.20. Dr Reddys Labs closed at Rs 3,984, up by 3.81% and Sun Pharma increased by 3.72%, closing at Rs 469.

Top 5 losers:

Cyient fell by 10%, closing at Rs 208.50, RBL bank declined by 7.37% and closed at Rs 119.35, Axis bank declined by 3.85%, closing at Rs 382.05 while, NTPC fell by 3.81% , closing at Rs 87 and M&M decreased by 3.48%, closing at Rs 386.70.

Stocks in news:

Most active stocks were SBI, RBL Bank, Yes bank and RIL in terms of volume. Cyient was in news as their stock hit lower circuit today at 10%, closing at 208.50 due to weak revenue growth management guidance for Q1FY21. After US based private equity fund firm, Vista Equity announced to buy stake in RIL’s digital unit Jio, share price of RIL gained 3.64% or 54.85 points and closed at 1,561.80

India’s borrowing target now raised to Rs 12 lakh crores