Closing Bell: A New Milestone
It was a day of records for India's equity markets as benchmark indices scaled new peaks, ending higher for the third straight day.
The S&P BSE Sensex ended 1% higher at 44,523 while the NSE Nifty 50 index, crossed the 13,000 mark to end 1% higher at 13,055. Both Sensex and Nifty ended at a record high. 38 out of the 50 index constituents ended with gains.
Among the sectoral indices, the Nifty Bank ended only 200 points shy of the 30,000 mark, closing with gains of 2.7% at 29,796. It was also the top performing sectoral index in today's trading session.
Among other indices that did well, the Nifty Auto and Nifty Realty index ended with gains of 1.7% each while the Nifty Metal, Nifty Pharma and Nifty PSU Bank index closed with gains of over 1% each.
Broader markets moved largely in tandem with the benchmark indices. The Nifty Midcap index ended 0.7% higher, at the highest level since September 2018. The Smallcap index also closed at a 10-month high, ending with gains of 1.1%.
The India Volatility Index ended off the day's high but 1.2% higher at 21.05.
1,111 stocks on the NSE ended with gains while 756 stocks reported losses.
How Have The Sectoral Indices Fared
Buzzing Stock: Sunteck Realty
- Top gainer on the Nifty 500 index
- Gains as much as 12% to Rs 319.5
- Biggest single-day gain in three months
- Trades at the highest level in eight months
- Gains for the third straight day
- Today's volumes are nine times its 20-day average
- Stock in overbought territory with Relative Strength Index (RSI) at 80
- All 11 analysts tracking the stock have a buy recommendation
- Return potential of the stock as per Bloomberg data is 2%
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Management Commentary From Embassy Office Parks REIT
Buzzing Stock: RBL Bank
- Gains as much as 7.1% to Rs 227.7
- Biggest single-day gain in three months
- Trading at the highest level in eight months
- Up for the second straight day
- Today's volumes are 49% higher than its 20-day average
- One-month implied volatility at 68%
- Stock in overbought territory with Relative Strength Index (RSI) at 73
- 18 out of the 29 analysts tracking the stock have a buy recommendation; 6 sell calls
- The stock trades 9% higher than its 12-month consensus price target of Rs 205.95
Strong Traction In Real Estate Stocks
Markets At 2:10 P.M.
- Benchmark indices extend gains; set to end higher for third straight day
- Nifty up 1% at 13,050
- Sensex up 1% at 44,500
- Nifty Bank up 2% at 29,603
- Nifty Midcap index up 0.7%
- Nifty Smallcap index up 1%
- India Volatility Index up 5.1% to 21.86
- Nifty Auto remains top sectoral gainer; up 2.2%
- Nifty Realty Index also gains 2% in trad
- Nifty FMCG index up 0.8% while Nifty PSU Bank and Nifty Metal index up 0.6% each
- Adani Ports remains the top Nifty gainer; up 5.5%
- 36 out of the 50 Nifty constituents advance
- Shree Cement is the top Nifty laggard; down 1.3%
- 1,068 stocks on the NSE trade with gains while 746 decline
Active Stock Options
- Reliance Industries' 2,000 Call: Premium down 23.3% to Rs 11.7. The contract has shed 1.7 lakh shares in Open Interest.
- Maruti's 7,300 Call: Premium up 194% to Rs 41.6. The contract has added 57,500 shares in OPen Interest.
- Infosys' 1,160 Call: Premium up 5% to Rs 7.3. The contract has added 9.1 lakh shares in Open Interest.
Buzzing Stock: Larsen & Toubro
Festive Season Dampener?
The Four Nifty Stocks Where All Analysts Say 'Buy'
Markets At Noon
- Benchmark indices hold on to early gains
- Nifty remains above the mark of 13,000; up 0.8% at 13,026
- Sensex up 0.8% at 44,424
- Nifty Bank up 2.1% at 29,629
- Nifty Midcap index up 0.7%
- Nifty Smallcap index up 0.9%
- India Volatility Index up 2.1% to 21.23
- Nifty Auto among top sectoral gainers; up 1.6%
- Nfity FMCG, Nifty Realty index up 0.8% each
- Nifty Pharma is the only sectoral laggard; down 0.2%
- Adani Ports remains the top Nifty gainer; up 6.6%
- Bharti Airtel is the top Nifty laggard; down 1.1%
- 1,032 stocks on the NSE are trading with gains while 757 decline
Buzzing Stock: Sundaram Finance
- Trading at the highest level in over two years
- Gains as much as 2.1% to Rs 1,805
- Up for the sixth straight day
- Longest winning streak in over three months
- Up 13% in the last six trading sessions
- Has nearly doubled from 52-week low of Rs 982 on March 25, 2020
- Four out of the six analysts tracking the stock have a buy recommendation; 1 sell call
- The stock trades 9% higher than its 12-month consensus price target of Rs 1,633, implying a negative return potential
Midcap Index Trades At The Highest Level In Two Years
Surge In Oil Prices
Auto Index Among Top Sectoral Gainers
Buzzing Stock: Tanla Platforms
Nifty's Valuation Picture
Markets At 10 A.M.
- Benchmark indices gain for the third straight day
- Nifty scales the 13,000 mark; up 0.9% at 13,037
- Sensex up 0.9% at 44,462
- Nifty Bank up 1.7% at 29,509
- Nifty Midcap index up 0.7%
- Nifty Smallcap index up 0.9%
- India Volatility Index down 1% to 20.58
- Nifty Auto index is the top sectoral gainer; up 1.9%
- Nifty I.T. index is up 1%
- Nifty PSU Bank and Nifty Realty up 0.6% each
- Adani Ports is the top Nifty gainer; up 6%
- GAIL is the top Nifty laggard; down 1%
- 1,155 stocks on the NSE are trading with gains while 571 are declining
What Next For The Nifty?
Also Read: Nifty At 13,000... Now What?
Nifty's Journey To 13,000
Also Read: In Charts: Nifty 50’s Journey To 13,000
Opening Bell: Nifty Hits 13,000!
Indian equity markets opened higher for the third straight day, with the NSE Nifty 50 index scaling the mark of 13,000 in the initial seconds of trade.
The 50-stock gauge opened 0.6% higher at 13,002, gaining 1,000 points in the last 14 trading sessions.
The S&P BSE Sensex has opened 0.6% higher at 44,341.
The Nifty Bank and PSU Bank index have opened with gains of 0.8% each. Nifty Metal and Nifty Realty gained 0.7% each while Nifty Pharma was up 0.6% at the start of trade.
Broader markets are in-line with the benchmarks. The Midcap index has opened 0.6% higher while the Smallcap index is up 1%.
1,228 stocks on the NSE are trading with gains while 390 stocks decline.
Current Market Update
Another Day, Another Attempt
Good Morning!
Indian equity markets began the new trading week on a positive note by ending with gains. However, the 13,000 mark continued to remain distant for the NSE Nifty 50 index. The gauge fell 30 points short, reversing from an intraday high of 12,969.
Futures today are indicating a subdued start to the trading day. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, was little changed at 12,957 as of 8:05 a.m.
F&O updates - five stocks have exited the F&O Ban namely BHEL, Canara Bank, DLF, L&T Finance and Vodafone Idea. On the other hand, SAIL is back in the Ban after a one-day gap. The highest open interest on the Call side has now shifted higher to 13,500 from 13,000. The 13,500 call now has 41 lakh shares in Open Interest for this Thursday's expiry, while the 13,000 call has close to 37 lakh shares.
Most Asian markets have opened higher after a positive overnight session on Wall Street. Benchmarks in Japan, Australia and South Korea rose while those in Hong Kong and China were little changed.
Futures on the Dow Jones are trading 200 points higher. The index ended 1.1% higher on Monday.
West Texas Intermediate crude was little changed at $43.05 per barrel while Gold fell to a four-month low of $1,827.2/Oz.
Short on time? Well, then listen to this podcast for a quick summary of All You Need To Know before the opening bell.
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