Closing Bell: Third Straight Weekly Gains
Indian equity markets managed to end higher and posted gains for the third straight week.
The S&P BSE Sensex ended 0.65% higher at 43,882 while the NSE Nifty 50 index ended 0.7% higher at 12,859. 33 out of the 50 index constituents ended with gains.
The top gainer on the Nifty today was Bajaj Finserv - which ended with gains of 9.2% - its biggest single-day advance in two years. The stock gained for the ninth day in a row and has advanced over 50% in the last 15 trading sessions.
Gains were kept in check by the decline in Reliance Industries, which ended as the top laggard on the Nifty, down 3.7%.
In terms of sectoral performers, the Nifty I.T. index was the top gainer, ending with gains of 1.4%. The Nifty FMCG and the Nifty PSU Bank index ended with gains of 1% each.
The Nifty Media index was the top laggard in today's session, ending 0.9% lower. The Nifty Pharma was the other sectoral laggard, ending lower by 0.3%.
Broader markets outperformed for today's trading session. The Nifty Midcap index ended with gains of 0.8% while the Smallcap index ended 1.2% higher.
India Volatility Index ended little changed at 19.52.
1,089 stocks on the NSE ended with gains while 738 posted losses.
How Did The Markets Fare For The Week
Nifty I.T.: Top Sectoral Gainer
Buzzing Stocks: HEG & Graphite India
Nifty Bank Begins To Gain Momentum
Markets At 2:10 P.M.
- Benchmark indices gain momentum; likely to post weekly gains
- Nifty up 0.7% at 12,863
- Sensex up 0.7% at 43,916
- Nifty Bank up 1% at 29,209
- Nifty Midcap index up 0.9%
- Nifty Smallcap index up 1.4%
- India Volatility Index up 0.6% to 19.69
- Nifty I.T. remains the top sectoral gainer; up 1.5%
- Nifty PSU Bank up 1.3% while FMCG index is up 0.8%
- Nifty Pharma is the top sectoral laggard; down 0.6%
- Bajaj Finserv remains the top Nifty gainer; up 8.7%
- Reliance Industries remains the top Nifty laggard; down 2.6%
- 1,104 stocks on the NSE are trading with gains while 698 decline
Active Stock Options
- Reliance Industries' 2,000 Call: Premium down 55.7% to Rs 15.75. The contract has added 7 lakh shares in Open Interest.
- TCS' 2,700 Call: Premium up 2.9% to Rs 23.45. The contract has added 1.1 lakh shares in Open Interest.
- Bajaj Finance' 4,700 Call: Premium up 14.5% to Rs 68. The contract has added 29,750 shares in Open Interest.
Buzzing Stock: Wockhardt
- Top gainer on the Nifty Smallcap index
- Locked in an upper circuit of 20% at Rs 393.3
- Biggest single-day gain since September 2019
- Trading at the highest level since February this year
- Up for the fifth straight day
- Longest winning streak in over a month
- Has gained 35% in the last five trading sessions
- Today's volumes are nearly 13 times its 20-day average
- One-month implied volatility at 75%
- Stock in overbought territory with Relative Strength Index (RSI) at 88
- Trading near its 52-week high of Rs 411.6 on February 11, 2020
The Lakshmi Vilas Bank Saga
Buzzing Stock: Bharat Electronics
Markets At Noon
- Benchmark indices continue to fluctuate between gains and losses
- Nifty down 9 points at 12,762
- Sensex down 30 points at 43,578
- Nifty Bank down 0.7% at 28,711
- Nifty Midcap index up 0.3%
- Nifty Smallcap index up 0.5%
- India Volatility Index down 0.8% to 19.41
- Nifty I.T. is the top sectoral gainer; up 1.2%
- Nifty FMCG is the other sectoral gainer; up 0.7%
- Nifty Media is the top sectoral laggard; down 1.1%
- Nifty Pharma index declines 0.8%
- Bajaj Finserv remains the top Nifty gainer; up 4.2%
- Reliance Industries is the top Nifty laggard; down 2.5%
- 910 stocks on the NSE are trading with gains while 851 decline
Betting On Sector Leaders
Gland Pharma Lists At A Premium
Buzzing Stock: Bharti Infratel
Markets At 10:10 A.M.
- Benchmark indices trade with modest gains
- Nifty up 0.3% at 12,809
- Sensex up 0.3% at 43,738
- Nifty Bank unchanged at 28,911
- Nifty Midcap index up 0.8%
- Nifty Smallcap index up 0.7%
- India Volatility Index down 1.43% to 19.29
- Nifty I.T. is the top sectoral gainer; up 0.8%, followed by the Nifty Realty index which is trading with gains of 0.6%
- Nifty Metal and Nifty FMCG index trade with gains of 0.5% each
- Nifty PSU Bank is the only sectoral laggard; down 0.4%
- Titan is the top Nifty gainer; up 3.6%
- 35 out of the 50 Nifty constituents advance
- Reliance Industries is the top Nifty laggard; down 2%
- 1,105 stocks on the NSE are trading with gains while 582 are declining
Best Performing Aviation Stock In The World
Opening Bell: A Sedate Start
Indian equity markets have opened higher on the final trading day of this truncated week. This after benchmark indices fell the most in three weeks on Thursday.
The S&P BSE Sensex opened 0.3% higher at 43,732 while the NSE Nifty 50 index gained 0.3% to open above the 12,800 mark at 12,813.
The Nifty Realty index has opened with gains of 1% and is among the top sectoral performers, while the Nifty I.T. gained 0.8% at the start of trade.
Nifty Metal, FMCG and PSU Bank index opened with gains of 0.5% each.
The broader markets have opened with gains as well. The Nifty Midcap index is up 0.6% while the Smallcap index is trading with gains of 0.5% at the start of trade.
Current Market Update
Final Day Of Truncated Week
Good Morning!
The wait for the Nifty 50 to hit 13,000 became slightly longer after the benchmark fell the most in three weeks, dragged down by financials, on Thursday.
With that, the Sensex and Nifty snapped their four-day gaining streak.
Futures are indicating a flat start to the final trading day of this truncated week. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, rose 0.15% to 12,793 as of 8:05 a.m. on Friday.
So far this week, the Sensex and Nifty have gained 0.4%.
There have been some changes in the F&O ban stocks. L&T Finance Holdings and DLF have entered the ban, while Tata Steel and Jindal Steel & Power have exited.
Asian markets are mixed in early trading this morning. Benchmark indices in Japan are declining, while they are advancing in Australia. Stocks in China are fluctuating.
Futures on the Dow Jones are trading 230 points lower. The index ended 0.2% higher on Thursday.
West Texas Intermediate crude has recovered from the day's low, trading flat at $41.76 per barrel, while gold traded at $1,866/Oz.
Short on time? Well, then listen to this podcast for a quick summary of All You Need To Know before the opening bell.
RECOMMENDED FOR YOU
POPULAR