FIRST TRADE: Sensex surges 350 pts; Nifty above 19,200 amid broad-based buying; Tata Motors up over 2%
Stock market today: Last seen, the S&P BSE Sensex opened 0.56 per cent or 355.76 points, higher at 64,436.66, and the NSE Nifty was up 0.57 per cent or 108.45 points, at 19,241.7.
Stock market today: The Indian share market opened in positive territory on Friday, November 3, as risk appetite improved across global markets on optimism that the US Federal Reserve may not hike rates again in this cycle. Broad-based buying was seen in all sectors.
Last seen, the S&P BSE Sensex opened 0.56 per cent or 355.76 points, higher at 64,436.66, and the NSE Nifty was up 0.57 per cent or 108.45 points, at 19,241.7.
The Nifty Mid Cap 100 and Small Cap 100 edged higher.
High-beta Nifty Bank was up 0.61 per cent at 43,278.7.
BUZZING STOCKS
Tata Motors shares were up over 2 per cent a day after posting Q2 results.
JK Lakshmi Cement shares were up over 5 per cent a day after the company announced its September quarter results.
Dr. Lal Pathlab's shares were up over 5 per cent a day after it announced its Q2 results.
Container Corporation of India (CONCOR) shares were up over 4 per cent a day after the company posted its Q2 results along with a dividend.
Tatva Chintan Pharma shares were up over 2 per cent, a day after the company reported good Q2 numbers.
Prataap Snacks shares traded over 2 per cent higher a day after the company reported good Q2 numbers.
Tilaknagar Industries shares were up over 5 per cent a day after the company posted healthy Q2 results.
Conversely, IRFC shares slipped over 1 per cent a day after the company announced a decline in profit in its Q2 results.
KSB Ltd shares traded nearly 2 per cent lower after posting flat margins in Q2.
Nocil Ltd shares were down over 1 per cent after the company posted weak Q2 results.
Sheela Foam shares were down over 2 per cent after posting a weak Q2.
GLOBAL MARKETS
Wall Street's three main stock indexes rallied nearly 2 per cent on Thursday on hopes that the US Federal Reserve has reached the end of its interest rate hiking campaign, and a batch of upbeat quarterly financial updates added to the bullish mood.
The Fed held interest rates steady on Wednesday as expected, and while Chair Jerome Powell left the door open to further tightening, he also acknowledged the impact of a recent surge in bond yields on the economy.
(With agency inputs)
Catch the latest stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.