Market Live:
Sensex, Nifty hit record highs at open: Yes Bank down 10%, USL up 9%
The market started
off November series on a positive note as equity benchmarks hit fresh
record highs but Nifty Bank fell over half a percent due to weak earnings from
Yes Bank.
The 30-share BSE
Sensex was up 83.71 points at 33,230.84 and the 50-share NSE Nifty rose 15.10
points or to 10,358.90.
Yes Bank plunged 10
percent post earnings while ICICI Bank was down 2.5 percent ahead of earnings
later today.
ITC, Maruti and IOC
gained ahead of earnings.Cipla, BPCL, Sun Pharma, Kotak Mahindra Bank, Bajaj
Finance, L&T, Bajaj Auto, Aurobindo, Infosys and Tata Motors gained 1-2
percent.
Nifty Midcap index
was up 0.3 percent and Smallcap gained 0.6 percent as about 897 shares advanced
against 337 declining shares on the NSE.
Union Bank,
Syndicate Bank, Allahabad Bank and DHFL were down a percent each.
Can Fin Homes, LIC
Housing Finance, Mastek, Jubilant Foodworks and Polaris Consulting rallied 1-8
percent.
After earnings,
Biocon fell 5.5 percent while United Spirits was up 8.5 percent and Crompton
Consumer rallied 5 percent.
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