Closing Bell
Indian equities managed to eke out gains for the week despite shedding over 1% on the final trading session.
The S&P BSE Sensex ended 1.1% lower but managed to close above the mark of 49,000 at 49,034. The NSE Nifty 50 index too fell 1.1% to end at 14,433. 42 out of the 50 Nifty constituents ended with losses.
Both the benchmarks ended with weekly gains of over 0.5%.
All sectoral indices ended with losses in today's session. The Nifty I.T. index was the top laggard, ending over 2.2% lower. The PSU Bank index too fell over 2% in today's session.
The Pharma index declined 1.6% while the Nifty Bank, Nifty Media and Nifty Metal declined between 0.8% and 1.2% respectively.
Broader markets too fell in tandem with the benchmark indices in today's session. The midcap index fell 1.1% while the Smallcap index declined by a similar quantum.
1,345 stocks on the NSE ended with losses while 547 managed to buck the trend and post gains.
How Did The Markets Fare This Week
In Focus: CLSA's Top Consumption Themes
In Focus: GAIL
Earnings Fineprint: PVR Q3FY21 (Consolidated, YoY)
- Revenue down 95% to Rs 45.4 crore Vs Rs 915.74 crore (BBG Estimate: Rs 101.9 Crore)
- Net loss of Rs 49.2 crore from net profit of Rs 36.3 crore (BBG Estimated net loss of Rs 213.1 crore)
- Ebitda loss of Rs 78.2 crore from Ebitda gain of Rs 307.1 crore (BBG Estimate: Ebitda Loss of Rs 92.65 crore)
Markets At 2:10 P.M.
- Benchmark indices fall to the day's low; nearly pare weekly gains
- Nifty down 1.1% at 14,430
- Sensex down 1.1% at 49,021
- Nifty Bank down 1.1% at 32,171
- Nifty Midcap index down 1.3%
- Nifty Smallcap index down 1.1%
- India Volatility Index up 5.5% to 24.3
- PSU Bank index is the top sectoral laggard; down 2.5%
- Nifty I.T. index declines 1.8% while the Media index falls 1.7%
- Nifty Pharma and Nifty Realty index falls 1.5% each
- Tata Motors is the top Nifty gainer; up 5.5%
- Tech Mahindra is the top Nifty laggard; down 3.8%
- 44 out of the 50 index constituents decline
- 1,387 stocks on the NSE decline while 486 stocks buck the trend
Active Stock Options
- Bharti Airtel's 620 Call: Premium up 57% to Rs 14.25. The contract has shed 3,702 shares in Open Interest.
- HCL Tech's 1,100 Call: Premium down 31% to Rs 12. The contract has added 10.8 lakh shares in Open Interest.
- UPL's 530 Call: Premium up 24.3% to Rs 18.4. The contract has added 3.7 lakh shares in Open Interest.
PSU Bank Index Drags
BQ Exclusive
In Focus: Steel Strips Wheels
- Wins export orders for over 26,000 wheels
- Order to be executed in March 2201 from Chennai plant
- Size of the order remains undisclosed
- Shares fell as much as 2.8%; currently down 1.5% at Rs 648.6
I.T. Index Down For Second Day
Wealth Creating Sectors
Markets At Noon
- Benchmark indices attempt a recovery from the day's low
- Nifty down 0.6% at 14,504
- Sensex down 0.6% at 49,285
- Nifty Bank down 0.8% at 32,247
- Nifty Midcap index down 0.5%
- Nifty Smallcap index down 0.5%
- India Volatility Index up 3.7% to 23.88
- All sectoral indices trade with losses
- Nifty Media and PSU Bank index decline 1.1% each
- Nifty FMCG and Nifty I.T. fall 0.9% each
- Nifty Auto and Nifty Realty decline 0.6% each
- Bharti Airtel remains the top Nifty gainer; up 3.6%
- Hindalco is the top Nifty laggard; down 2.4%
- 39 out of the 50 Nifty constituents decline
- 572 stocks on the NSE trade with gains while 1,263 stocks decline
Key RBI Auction Today
In Focus: The Four I.T. Majors
Nifty Bank Down Over 250 Points
Markets At 10:10 A.M.
- Benchmark indices trade with losses on the final trading day of the week
- Nifty down 0.4% at 14,533
- Sensex down 0.4% at 49,371
- Nifty Bank down 0.8% at 32,251
- Nifty Midcap index down 0.1%
- Nifty Smallcap index unchanged
- India Volatility Index up 2.9% to 23.7
- Nifty Pharma index is the top sectoral laggard; down 1%
- Nifty I.T. index is the other sectoral laggard; down 0.8%
- Nifty FMCG index down 0.5% while Auto index declines 0.3%
- Bharti Airtel is the top Nifty gainer; up 3.3%
- Hero MotoCorp is the top Nifty laggard; down 2.4%
- 628 stocks on the NSE trade with gains while 1,103 stocks decline
Earnings Fineprint: HCL Technologies
In Focus: Tata Steel
Opening Bell
Indian equities have opened little changed on the final trading day of the week, as sentiment across the globe remains subdued.
The S&P BSE Sensex opened 72 points higher at 49,656 while the NSE Nifty 50 index was unchanged at the start of trade at 14,594.
As of closing on Thursday, the Sensex was poised for its 11th straight weekly advance, maintaining its longest run since 2009.
Almost all sectoral indices have had a subdued start to the trading day. The Metal index, which was the top laggard on Thursday has opened 0.4% higher while the remainder of the indices are little changed.
Broader markets have opened with gains in today's session. The midcap index is up 0.2% while the Smallcap index has gained 0.4% in the early minutes of trade.
Current Market Update
Final Trading Day Of The Week
Good Morning!
Indian equities ended flat for the second straight day. The S&P BSE Sensex remained around 400 points adrift of the 50,000 mark. The NSE Nifty 50 also remained range-bound over the last two sessions.
And as the benchmarks are stepping into the final trading day of the week, futures are indicating a weak start. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, fell 0.5% to 14,555 as of 7:40 a.m. on Friday.
The Sensex is set for its 11th straight weekly gain — the longest since June 2009 when the rally continued for 14 weeks in a row.
HCL Technologies Ltd. will report its quarterly results pre-market open. Non-Nifty 50 stocks like PVR, Shoppers Stop, Hathway Cable will also announce results today. SAIL's retail OFS opens for subscription today.
Asian equities are declining this morning after Joe Biden's Covid-19 relief plan. Stocks in Japan, Australia and South Korea are declining.
Futures on the Dow Jones are trading 70 points lower. The index posted modest losses on Thursday.
West Texas Intermediate crude climbed 0.3% to $53.72 per barrel, while gold rose by a similar quantum to $1,852.7/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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