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The benchmark indices traded near the day's high in afternoon trade. The Nifty traded above the 19,650 mark. All the sectoral indices on the NSE were in the green with pharma, healthcare and metal stocks gaining the most. At 13:30 IST, the barometer index, the S&P BSE Sensex, was up 466.76 points or 0.71% to 65,975.08. The Nifty 50 index added 159.20 points or 0.82% to 19,682.75. In the broader market, the S&P BSE Mid-Cap index rose 1.45% while the S&P BSE Small-Cap index gained 0.75%. The market breadth was positive. On the BSE, 2,328 shares rose, and 1,197 shares fell. A total of 181 shares were unchanged. Gainers & Losers: Hindalco Industries (up 4.94%), NTPC (up 3.99%), Dr. Reddy's Laboratories (up 3.42%), Apollo Hospitals Enterprises (up 2.93%), Divi's Laboratories (up 2.78%) were major Nifty gainers. Adani Enterprises (down 2.25%), LTIMindtree (down 1.28%), Tech Mahindra (down 0.30%), Power Grid Corporation of India (down 0.15%) and Asian Paints (down 0.12%) were major Nifty losers. Stocks in Spotlight: Larsen & Toubro (L&T) rose 0.62%. The EPC major announced that its construction arm has secured 'mega' order for its Heavy Civil Infrastructure business. As per L&T's classification, the value of the 'mega' project is more than Rs 7,000 crore. The said order has been received from Mumbai Metropolitan Region Development Authority (MMRDA), for the design and construction of an underground road tunnel project between Orange gate, Eastern Free Way to Marine Drive Coastal Road at Mumbai. Emami rallied 4.30%. The company announced its foray into juice category with 'AloFrut' through strategic investment in Axiom Ayurveda (Axiom) and its subsidiaries/associates by acquiring 26% equity stake for an undisclosed amount. Axiom markets beverage products under the brand ?AloFrut?. SBI Life Insurance Company gained 1.52%. The life insurer announced the appointment of Amit Jhingran as new managing director and CEO, following the transfer of the existing MD and CEO, Mahesh Kumar Sharma, to a post at State Bank of India. Multi Commodity Exchange of India declined 1.07% after the company informed that market regulator SEBI has advised the Exchange to keep the proposed Go-Live of Commodity Derivatives Platform (CDP) in abeyance. Ashok Leyland rose 1.58%. The company announced that it has secured an order for 1,282 fully built buses from Gujarat State Road Transport Corporation (GSRTC). Global Markets: Markets in Europe and Asia advanced on Friday. Investors will be looking for euro zone inflation numbers on Friday, after preliminary German inflation figures showed inflation slowing more than expected on Thursday. The Chinese markets were closed for a holiday and are on a break next week. US stocks rallied on Thursday, with investors closely monitoring developments in Washington regarding a potential government shutdown. Lawmaker negotiations on a U.S. spending bill continue before a October 1 shutdown deadline for the government. Investors will now switch their attention to U.S. personal consumption expenditures price index later on Friday for the latest view on inflation. The real gross domestic product (GDP) of the United States expanded at an annual rate of 2.1% in the second quarter, the US Bureau of Economic Analysis' (BEA) final estimate showed on Thursday, 28 September 2023. The update primarily reflected a downward revision to consumer spending that was partly offset by upward revisions to nonresidential fixed investment, exports, and inventory investment, the BEA said. Powered by Capital Market - Live News
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