4 years ago
Domestic stock markets took breather on Wednesday after scaling record highs in the previous session, as losses in banking and financial services stocks outweighed gains in automobile and metal shares. The S&P BSE Sensex index slumped 485.47 points - or 1.09 per cent - to 44,169.97 at the weakest level recorded during the session, and the broader NSE Nifty 50 benchmark dropped to as low as 12,983.55, down 125.5 points - or 0.96 per cent - from its previous close. However, the markets recovered most of those losses by the end of the session. Analysts awaited the RBI Governor-led Monetary Policy Committee's review statement due later this week for near-term cues.
Both indices had gained more than 1 per cent on Tuesday, after a sharp rally in November on hopes for a coronavirus vaccine. (Stocks To Watch)
Here are highlights of Wednesday's trading session:
Market LIVE Updates: Sensex Ends 37 Points Lower, Nifty Edges Higher to 13,114
The S&P BSE Sensex index closes 37.40 points - or 0.08 per cent - lower at 44,618.04 and the broader NSE Nifty 50 benchmark settled at 13,113.75, up 4.70 points - or 0.04 per cent - from its previous close.
The S&P BSE Sensex index closes 37.40 points - or 0.08 per cent - lower at 44,618.04 and the broader NSE Nifty 50 benchmark settled at 13,113.75, up 4.70 points - or 0.04 per cent - from its previous close.
Nifty Components
Top Gainers
GAIL: +4.88%
ONGC: +3.80%
Asian Paints: +3.76%
Coal India: +3.48%
Titan: +3.37%
Adani Ports: +3.23%
SBI Life: +3.06%
Top Losers
Bajaj Finance: -0.96%
Nestle: -1%
ICICI Bank: -1.16%
Shree Cement: -1.24%
HDFC: -1.43%
HDFC Bank: -1.95%
Kotak Mahindra Bank: -3.35%
Market LIVE: Technical Factors Aligned To Support Range-Bound Movement Ahead, Says Investment Advisor Ashis Biswas
"The market manages to hold above the Nifty 50 index support zone of 13,050. Our research suggests that the technical factors are aligned to support a range-bound market movement going forward. Therefore, it is advised that the short-term traders should use the rally to exit while attempting to buy on dip approach to adopt," said Ashis Biswas, head of technical research at CapitalVia Global Research.
"(Expect) market breadth to deteriorate, indicating the likelihood of higher volatility in the market. Any corrective wave down should find buying interest around 12,910-12,920," he added.
Market LIVE Updates: HDFC Bank, HDFC, Kotak Mahindra Bank Top Drags On Sensex
HDFC Bank, Kotak Mahindra Bank and HDFC were the biggest drags on Sensex, whereas Asian Paints, Tata Consultancy Services and Titan were the largest supports.
Sensex Contribution (In Points)
HDFC Bank: -103.24
Kotak Mahindra Bank: -73.81
HDFC: -49.97
ICICI Bank: -37.96
Bajaj Finance: -10.98
Nestle: -5.63
SBI: -4.58
L&T: -2.43
IndusInd Bank: -0.03
M&M: 14.92
Infosys: 16.1
Titan: 16.23
TCS: 18.37
Asian Paints: 34.46
Stock Market LIVE: Broader Markets Outperform Sensex
Shares in the mid-cap and small-cap segments outperformed the benchmark indices, with the S&P BSE MidCap and SmallCap indices up 0.58 per cent and 0.28 per cent respectively.
Segment-Wise Movement
S&P BSE Bharat 22 Index: +1.31%
S&P BSE SmallCap: +0.71%
S&P BSE MidCap: +0.58%
S&P BSE AllCap: +0.28%
S&P BSE 500: +0.27%
S&P BSE LargeCap: +0.16%
S&P BSE 100: +0.16%
S&P BSE SENSEX: -0.09%
Market Live Updates: Bajaj Auto, M&M, Tata Motors, Maruti Lead Gains In Auto Space
The Nifty Auto index - which tracks 15 auto sector stocks - traded 1.16 per cent higher, having risen as much as 1.30 per cent earlier.
The Nifty Auto index - which tracks 15 auto sector stocks - traded 1.16 per cent higher, having risen as much as 1.30 per cent earlier.
Nifty Auto Components
Bajaj Auto: 3.05%
M&M: 2.53%
Tata Motors: 2.11%
Maruti Suzuki: 1.46%
Bharat Forge: 1.38%
Ashok Leyland: 0.81%
Balkrishna Industries: 0.76%
Hero MotoCorp: 0.52%
Bosch: 0.50%
MRF: 0.25%
Eicher Motors: -0.04%
Exide: -0.19%
Amara Raja Batteries: -0.83%
Motherson Sumi: -2.23%
TVS Motor: -2.55%
Market LIVE: RBI Expected To Continue With Low Rates, Says CapitalVia Global Research
The Reserve Bank of India might decide to continue with the status quo on benchmark rates, said Gaurav Garg, head of research at CapitalVia Global Research. "However, in my opinion, inflation figures might be at a higher level, but still the RBI would not consider this as a time to start reversing the policy of low interest rates as the GDP has been contracting for past two and as of now, growth is going to take priority over inflation," he added.
"Markets are also expecting the RBI to maintain the status quo and have discounted the fact that if RBI keeps the benchmark rates the same, it is going to be a non-event from the market perspective.... In order to bring the economy back on a positive growth trajectory, the RBI is expected to continue with the low rate regime for some more time before it decides to reverse its stance."
Stock Market LIVE: Traders Remain Cautious After Sharp Rise In Benchmarks, Says Equity99 Advisors' Rahul Sharma
"A selloff in banking, financial services and IT shares dragged the market down and offset the gains in metal and auto stocks. Traders continue to remain cautious after the sharp rise in benchmark indices recently, and the RBI monetary policy ahead," said Rahul Sharma, market strategist and research head at Equity99 Advisors.
"Moreover, institutional investors continue to remain on the sidelines on market regulators' new guidelines on upfront margins. Elsewhere, the action continued in mid-cap stocks on value-based buying by high-net worth-investors," he added.
Market LIVE Updates: Bankex Index Down Nearly 2%
The S&P BSE Bankex index - which tracks stocks of 10 major lenders - traded 1.73 per cent lower, and was the worst hit among the sectoral gauges on the bourse. The Bankex index was followed by the S&P BSE Finance and S&P BSE IT indices, down 1.39 per cent and 0.26 per cent respectively.
BSE Sector Watch
S&P BSE Bankex: -1.73%
S&P BSE Finance: -1.39%
S&P BSE Information Technology: -0.26%
S&P BSE Energy: -0.03%
S&P BSE Teck: -0.03%
S&P BSE Healthcare: 0%
S&P BSE Fast Moving Consumer Goods: +0.05%
S&P BSE Capital Goods: +0.06%
S&P BSE Power: +0.49%
S&P BSE Industrials: +0.68%
S&P BSE Basic Materials: +0.94%
S&P BSE Utilities: +0.97%
S&P BSE Auto: +1.07%
S&P BSE Consumer Discretionary Goods & Services: +1.19%
S&P BSE Oil & Gas: +1.28%
S&P BSE Telecom: +1.67%
S&P BSE Consumer Durables: +1.88%
S&P BSE Metal: +1.96%
S&P BSE Realty: +2.24%
Market LIVE: Nifty Bank, Nifty Private Bank Down Nearly 2%; Nifty Realty Up Nearly 2%
Banking and financial services stocks, especially private sector lenders, continued to put pressure on the markets. On the other hand, automobile, metal and realty shares provided some support.
NSE Sector Watch
Nifty Bank: -1.87%
Nifty Private Bank: -1.85%
Nifty Financial Services: -1.73%
Nifty PSU Bank: -1.12%
Nifty IT: -0.34%
Nifty FMCG: -0.09%
Nifty Media: +0.03%
Nifty Pharma: +0.06%
Nifty Auto: +0.69%
Nifty Metal: +1.59%
Nifty Realty: +1.83%
Stock Market LIVE: Market Weakness Reflects Vulnerability At High Levels, Says Geojit
"Weakness in the market reflects its vulnerability at high levels with high valuations. At these levels of valuations, corrections are desirable and make the market healthy," VK Vijayakumar, chief investment strategist, Geojit Financial Services, told NDTV.
"Steeper sustained corrections are unlikely since foreign institutional investor (FII) inflows continue to be robust. With the dollar index at around 91.23, more inflows into emerging markets are likely," he added.
Market LIVE Updates: Tata Group Shares Jump On Report Conglomerate In Advanced Talks To Acquire BigBasket
Most Tata Group stocks jumped after news agency Bloomberg reported, citing a person familiar with the matter, that the conglomerate is in advanced talks to buy as much as 80 per cent of BigBasket in a deal that is likely to value the local online grocer backed by Alibaba Group Holding at about $1.6 billion.
Tata Chemicals: +31.79%
Tata Power Company: +16.83%
Rallis India: +16.20%
Tata Steel BSL: +15.20%
Tata Elxsi: +6.14%
The Indian Hotels Company: +5.99%
Tata Investment Corporation: +5.94%
Tata Communications: +4.99%
Tata Consumer Products: +3.29%
Tata Coffee: +3.90%
Voltas: +3.02%
Tinplate Company Of India: +2.07%
Trent: -6.70%
Market LIVE: Sensex Falls Over 350 Points, Nifty Slides Below 13,050
At 1:59 pm, the Sensex traded 366.78 points - or 0.82 per cent - lower at 44,288.66 while the Nifty was down 96.05 points - or 0.73 per cent - at 13,013.00. Selling pressure in banking, financial services and IT shares pulled the markets lower. However, buying interest in automobile and metal stocks arrested the fall.
At 1:59 pm, the Sensex traded 366.78 points - or 0.82 per cent - lower at 44,288.66 while the Nifty was down 96.05 points - or 0.73 per cent - at 13,013.00. Selling pressure in banking, financial services and IT shares pulled the markets lower. However, buying interest in automobile and metal stocks arrested the fall.
Stock Market LIVE: Reasonable Compared To Peers Says Motilal Oswal On Burger King IPO
Brokerage Motilal Oswal recommends investors to subscribe to the Burger King India IPO for listing gains. At the higher end of the price band, the Burger King India IPO is valued at 2.7 times its 2019-20 price/sales ratio and 8.3 times its price/book value ratio, which looks reasonable compared to its peers, Motilal Oswal said in a note.
Considering Burger King India's strong brand positioning, robust store expansion plans and bright growth prospects of the quick-service restaurant industry in the country, Motilal Oswal said it expects the company's financials to improve going ahead.
NALCO Rises Over 2% On Heavy Volumes
Shares of National Aluminium Company rose 2 per cent to Rs 41 on the back of heavy volumes.
As many as 55 lakh shares changed hands on the BSE compared with an average of 13 lakh shares traded daily in the past two weeks.
Market LIVE: Sensex, Nifty Extend Losses
The Sensex and Nifty extended declines in afternoon trading led by losses in HDFC, HDFC Bank, ICICI Bank, Kotak Mahindra Bank and Infosys. The Sensex fell 396 points to 44,259 and Nifty was down 103 points at 13,005.
Top Nifty losers:
- Kotak Mahindra Bank down 2.52%
- Shree Cements down 2.08%
- HDFC Bank down 2.04%
- HDFC down 1.78%
- ICICI Bank down 1.76%
Market LIVE: Auto Sales Miss Expectations In November, Says Nirmal Bang
Automobile sales continued growth momentum in November amid a rise in preference for personal mobility on the back of good festive demand, the upcoming wedding season and a soft base, Nirmal Bang said in a note.
As highlighted earlier, PV dealers faced stock shortages due to lower dispatches even as retail enquiries and bookings remained strong, the brokerage added.
Coal India Gains Over 1% On Rise In Production
Coal India shares gained more than 1 per cent on the BSE after the state-owned company reported a 3.4 per cent rise in production at 51.7 million tonnes (MT) in November. The company had posted an output of 50 MT in the corresponding month of the previous fiscal, Coal India said in a regulatory filing to BSE. The shares of Coal India touched an intra-day high of Rs 128.30, up 1.5 per cent in early trading on the back of the news development. At 10:15 am, the shares of Coal India were trading at Rs 127.30, up 0.75 per cent on the BSE.
Market LIVE: Metal Shares Witness Buying Interest; Hindustan Copper Jumps Over 5%
Metal stocks were witnessing buying interest in an otherwise subdued session. The Nifty Metal index rose over 2 per cent.
Top gainers in metal space:
- Hindustan Copper up 5.85%
- NALCO up 5.41%
- Jindal Steel up 4.58%
- SAIL up 4.52%
- NMDC up 4.33%
- Tata Steel up 2.91%
Market LIVE: Sensex, Nifty Off Day's Lows On Buying In Metal Stocks
The S&P BSE Sensex and NSE Nifty 50 indexes came off intraday low levels in noon deals paced by gains in metal, PSU banking and realty shares.
The Sensex was down 114 points at 44,542 and Nifty 50 index was down 13 points at 13,096.
Market LIVE: Burger King India IPO Over Subscribed Within Hours Of Opening
Burger King India IPO was oversubscribed within hours of opening. The issue was subscribed 1.09 times as of 12:00 pm, as per data on the National Stock Exchange.
The quick service restaurant chain is selling the shares in price band of Rs 59-60 per share. The shares are likely to be listed on the bourses on December 14.
Market LIVE - F&O Check: Bank Nifty 30,000 Call Most Active Contract On NSE
Bank Nifty 30,000 call option contract expiring tomorrow was the most active option contract on the National Stock Exchange.
Premium on the contract slumped 57 per cent to Rs 117, over 4.24 lakh shares were added to the open interest which stood at over 15.93 lakh shares.
Stock Market LIVE: FII Inflows At Rs 3,242 Crore On Tuesday, Shows Exchange Data
Net inflows by foreign institutional investors (FIIs) into Indian capital markets stood at Rs 3,242 crore on Tuesday, according to provisional data from the NSE. However, domestic institutional investors (DIIs) pulled out a net Rs 1,043.21 crore from the markets.
In November, net foreign inflows had stood at Rs 62,782 crore, according to NSDL data.
Market LIVE: Overall Trend In Rupee Positive, Says CR Forex Advisors
"Overall, inflows are likely to continue in the domestic market as there have been prospects of the Tata group to buy around 80 per cent in BigBasket for around $1.3 billion. Here on, if the RBI lets a steady appreciation, the (USD-INR) pair is likely move near 73.00 levels," said Amit Pabari, managing director at forex advisory firm CR Forex Advisors.
"Overall, inflows are likely to continue in the domestic market as there have been prospects of the Tata group to buy around 80 per cent in BigBasket for around $1.3 billion. Here on, if the RBI lets a steady appreciation, the (USD-INR) pair is likely move near 73.00 levels," said Amit Pabari, managing director at forex advisory firm CR Forex Advisors.
"However, there are chances that levels close to 73.80 can be seen before the pair resumes the appreciation journey. As the overall trend is on the appreciation side, it is advisable to sell on every uptick seen and for buying one can hedge via at the money call option," he added.
Market LIVE: Sensex Hovers Near 44,550, Nifty Approaches 13,100 Amid Sluggish Trade
At 11:08 am, the Sensex traded 113.48 points - or 0.25 per cent - lower at 44,541.96 while the Nifty was down 18.40 points - or 0.14 per cent - at 13,090.65.
While the Nifty Bank index was down 0.61 per cent, and the Nifty Financial Services down 0.72 per cent, the Nifty Auto traded 0.88 per cent higher and the Nifty Metal was up 1.92 per cent.
Market LIVE Updates: Banking Shares Under Pressure Ahead Of Supreme Court Hearing In Moratorium Case
The Supreme Court is set to hear a case on waiving interest on loans under moratorium on Wednesday, with banks hoping that the apex court will not offer any more reprieve to borrowers.
The Supreme Court is set to hear a case on waiving interest on loans under moratorium on Wednesday, with banks hoping that the apex court will not offer any more reprieve to borrowers.
The S&P BSE Bankex index traded 126.48 points - or 0.37 per cent - lower at 33,971.22, having slid as much as 0.69 per cent earlier. The Bankex index tracks 10 stocks in the sector.
Oil Price Extends Fall On Build-Up In US Inventories
Oil prices extended losses on Wednesday, hit by a surprise build in oil inventories in the United States and as OPEC and its allies left markets in limbo by delaying a formal meeting to decide whether to increase output in January.
Brent crude futures were last seen trading 0.76 per cent lower at $47.06 per barrel, while WTI futures were down 0.90 per cent at $44.15 per barrel.
Market LIVE: Asian Currencies Mixed Against US Dollar
The dollar index - which gauges the American currency against six peers - traded 0.17 per cent lower at 91.1540. Asian currencies moved in a mixed trend. While the Japanese yen was down 0.03 per cent, and the Hong Kong dollar down 0.01 per cent, the Singapore dollar traded 0.06 per cent higher, whereas the Taiwan dollar and the South Korean won were up 0.10 per cent and 0.42 per cent respectively.
Market LIVE Updates: Rupee Rises To 73.53 Against Dollar
The rupee was last seen trading higher by 12 paise - or 0.17 per cent - at 73.54 against the US dollar. It moved within a range of 73.43-73.55 against the greenback, having begun the day stronger at 73.44 from its previous close of 73.66.
Market LIVE: Indian Oil, Tata Motors, Asian Paints Top Gainers; HDFC Bank, Tech Mahindra, Infosys Top Losers
Top Nifty Gainers
Indian Oil: +3.38%
Tata Motors: +3.03%
Asian Paints: +2.69%
Bharat Petroleum: +2.49%
JSW Steel: +2.47%
Top Nifty Losers
HDFC Bank: -0.94%
ICICI Bank: -1.03%
HDFC: -1.03%
Infosys: -1.19%
Tech Mahindra: -1.58%
Top Sensex Gainers
Asian Paints: +2.57%
Tata Steel: +2.13%
Titan: +1.90%
Bajaj Auto: +1.38%
Maruti Suzuki: +1.22%
Top Sensex Losers
Tech Mahindra: -1.68%
Infosys: -1.17%
ICICI Bank: -1.15%
HDFC: -1.08%
HDFC Bank: -0.97%
Stock Market LIVE: HDFC Bank, Infosys, Reliance Industries Top Drags On Sensex
HDFC Bank, Infosys, Reliance Industries were the biggest drags on Sensex.
Here's how the following stocks contributed to the movement in Sensex at this hour:
HDFC Bank: -50.97 points
Infosys: -48.63 points
HDFC Bank: -44.24 points
Reliance Industries: -42.38 points
ICICI Bank: -31 points
HDFC: -29.42 points
TCS: -17.59 points
Kotak Mahindra Bank: -12.40 points
Tech Mahindra: -9.45 points
Bajaj Finance: -9.22 points
Bharti Airtel: -7.49 points
L&T: 8.07 points
Titan: 8.88 points
Maruti Suzuki: 9.45 points
Axis Bank: 10.50 points
Asian Paints: 23.41
Market LIVE Updates: Mid-Cap, Small-Cap Shares Rise
Shares in the mid- as well as small-cap segments provided some support to the markets:
Here's how mid-cap and small-cap gauges fared on stock exchanges BSE and NSE:
Nifty Midcap 100: +0.35%
Nifty Smallcap 100: +0.17%
S&P BSE MidCap: +0.27%
S&P BSE SmallCap: +0.45%
S&P BSE AllCap: +0.08%
Market LIVE: Auto, Metal, Realty Shares Offer Some Support
IT and financial services shares, especially private sector banks, dragged the markets lower. On the other hand, gains in real estate, automobile and metal stocks provided some support.
IT and financial services shares, especially private sector banks, dragged the markets lower. On the other hand, gains in real estate, automobile and metal stocks provided some support.
Here's how some sectors tracked by the NSE fared:
Nifty IT: -0.67%
Nifty Financial Services: -0.21%
Nifty Private Bank: -0.09%
Nifty Bank: -0.07%
Nifty FMCG: +0.32%
Nifty Pharma: +0.40%
Nifty PSU Bank: +0.50%
Nifty Media: +0.90%
Nifty Auto: +0.97%
Nifty Metal: +1.54%
Nifty Realty: +1.67%
Stock Market LIVE: Sensex Down Over 100 Points
At 9:32 am, the Sensex traded 102.63 points lower at 44,552.81 while the Nifty was down 19.05 points - or 0.15 per cent - at 13,090.
At 9:32 am, the Sensex traded 102.63 points lower at 44,552.81 while the Nifty was down 19.05 points - or 0.15 per cent - at 13,090.
Tech Mahindra, Infosys, Kotak Mahindra Bank, HDFC and ICICI Bank, trading between 0.66 per cent and 1.49 per cent lower, were the worst hit among 16 lagagrds in the Nifty basket of 50 shares. On the other hand, Tata Motors, Indian Oil, UPL, Hindalco and Bharat Petroleum, up 2.24-3.09 per cent each, were the top gainers in the index.
Market LIVE Updates: Sensex Drops Over 50 Points, Nifty Slips Below 13,100 Dragged By Financial, IT Shares
The S&P BSE Sensex index fell 94.93 points - or 0.21 per cent - to hit 44,560.51 at the weakest level recorded in early trade, and the broader NSE Nifty 50 benchmark slid to as low as 13,087.80, down 21.25 points - or 0.16 per cent - from its previous close. Selling pressure in financial and IT stocks pulled the markets lower, however gains in automobile and metal shares limited the downside.
The S&P BSE Sensex index fell 94.93 points - or 0.21 per cent - to hit 44,560.51 at the weakest level recorded in early trade, and the broader NSE Nifty 50 benchmark slid to as low as 13,087.80, down 21.25 points - or 0.16 per cent - from its previous close. Selling pressure in financial and IT stocks pulled the markets lower, however gains in automobile and metal shares limited the downside.
Market LIVE: Sensex Opens 74 Points Higher At 44,730, Nifty At 13,121
The S&P BSE Sensex index opened 74.08 points - or 0.17 per cent - higher at 44,729.52, and the broader NSE Nifty 50 benchmark started the day at 13,121.40, up 12.35 points - or 0.09 per cent - from its previous close. Mild gains across most sectors supported the markets.
The S&P BSE Sensex index opened 74.08 points - or 0.17 per cent - higher at 44,729.52, and the broader NSE Nifty 50 benchmark started the day at 13,121.40, up 12.35 points - or 0.09 per cent - from its previous close. Mild gains across most sectors supported the markets.
All Eyes On RBI Monetary Policy Review Meeting
Analysts await the outcome of the Monetary Policy Committee's scheduled, bi-monthly meeting due on Friday. The MPC is expected to leave interest rates unchanged when it meets on Friday, after data showing the economy contracting less than expected and persistently high inflation.
Analysts await the outcome of the Monetary Policy Committee's scheduled, bi-monthly meeting due on Friday. The MPC is expected to leave interest rates unchanged when it meets on Friday, after data showing the economy contracting less than expected and persistently high inflation.
All 53 analysts and economists in poll conducted by news agency Reuters ahead of the GDP data released last week said they don't expect any change in rates on Friday.
Stock Market LIVE: Burger King IPO Set To Open Today, Issue Price Rs 59-60
US-based restaurant chain Burger King's Indian unit, Burger King India, will launch an initial public offer (IPO) today, to raise Rs 810 crore. Burger King India shares will be available for bidding at an issue price of Rs 59-60 in lots of 250 units under the IPO.
That means one lot will cost an investor Rs 14,750-15,000. (Read More On Burger King IPO)
Market LIVE Updates: Sensex, Nifty Inches From All-Time Highs
On Tuesday, before benchmark indices Sensex and Nifty settled at record closing highs, each came close to its all-time high registered late last month. The Sensex index came within 94.58 points - or 0.21 per cent - of its record high, and the broader Nifty benchmark within 17.45 points - or 0.13 per cent.
On November 25, the Sensex and Nifty indices had registered all-time highs of 44,825.37 and
13,145.85 respectively.
LIVE Market: Asian Stocks Give Up Early Gains On Profit-Booking
Equity markets elsewhere in Asia gave up early gains, following strong Wall Street gains overnight, as some investors booked profits on a stellar run to record highs. However, but hope for additional US economic stimulus and a coronavirus vaccine kept market sentiment well supported.
MSCI's broadest index of Asia-Pacific shares outside Japan was last seen trading 0.06 per cent lower, pulling back from last week's all-time high.
Shares in China fell 0.22 per cent. Tokyo stocks fell 0.17 per cent after setting a new 29-year high. South Korean shares bucked the trend and rose 1.11 per cent due to signs of an increase in semiconductor demand.
Stock Market LIVE: SGX Nifty Futures Indicate Positive Opening For Domestic Markets
Domestic stock markets are likely to start Wednesday's session on a positive note, a day after benchmark indices hit record closing highs amid optimism of economic recovery following months of coronavirus pandemic-led slowdown.
The Singapore Exchange (SGX) Nifty futures - an early indicator of the National Stock Exchange's Nifty 50 benchmark index - rose 36.8 points - or 0.28 per cent - to touch 13,172.80 at the strongest level recorded ahead of the opening of Indian markets.
