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Indian stocks sprint as traders await key economic data

By Munikoti Rochan

10:55, 12 November 2021

Digital display of a stock market chart in green
Markets await factory output and inflation figures to be published after trading closes – Photo: Shutterstock

Indian shares gained the most in two weeks to finish higher on Friday, with the benchmarks darting 1.28% each through the day, ahead of the release of key economic data on manufacturing output and retail inflation.

The National Stock Exchange’s (NSE) Nifty50 index closed at 18,102.75 points and the S&P BSE Sensex ended at 60,686.69 points. For the week, the Nifty50 and the Sensex advanced 1.44% and 1.34% respectively.

  • The Nifty IT index, a basket of 10 technology firms including Larsen & Toubro Infotech, rose 2.1%
  • The Nifty Realty index, comprised of 10 builders including IndiaBulls Real Estate, climbed 1.65%

The “Nifty made a bullish bar today,” said ThincRedBlu Securities’ chief executive Gaurav Udani in a note to his clients, which was emailed to

“However volumes on daily charts were lesser than its average. Aggressive traders can consider (buying) on dips with a strict stop loss, while others should wait for a volume confirmation. The Nifty has resistance in 18,150-18,200 points range and support in 17,950-18,050 range,” he added.

The Indian rupee was trading 0.19% lower to the US dollar, to INR74.46 at 16:16 hours local time (UTC:5:30).


37,944.65 Price
+0.370% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 22:00 (UTC)
Spread 106.00

Oil - Crude

78.83 Price
+1.170% 1D Chg, %
Long position overnight fee -0.0163%
Short position overnight fee -0.0056%
Overnight fee time 22:00 (UTC)
Spread 0.030


2,039.37 Price
-0.250% 1D Chg, %
Long position overnight fee -0.0196%
Short position overnight fee 0.0114%
Overnight fee time 22:00 (UTC)
Spread 0.50


0.61 Price
-0.620% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 22:00 (UTC)
Spread 0.01168

On the Nifty50

Shares of software developer Tech Mahindra, Aditya Birla Group firm Hindalco Industries, and software exporter Wipro were the top gainers, adding 4.06%, 3.12% and 2.99% respectively.

But stocks of two- and three-wheeler giant Bajaj Auto, Tata Group firm Tata Steel, and the nation’s leading two-wheeler manufacturer Hero Motocorp were the biggest losers, shedding 2.93%, 0.99% and 0.59% respectively.

On the Sensex

Tech Mahindra, the country’s leading mortgage provider Housing Development Finance Corporation (HDFC), and software major Infosys were the biggest gainers, adding 4.06%, 2.99%, and 2.74% respectively.

Bajaj Auto, Tata Steel, and India’s third-largest private lender Axis Bank, were the biggest losers, shedding 3.04%, 0.93%, and 0.36% respectively.

Read more: Indian Brigade Enterprises (BRIGADE) logs a profit in Q2

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The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
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