Closing Bell
Indian equity markets began the new trading week on a positive note, after a sluggish start, gaining momentum in the second half of trade.
The S&P BSE Sensex ended 0.8% higher at 45,426 while the NSE Nifty 50 index ended above the mark of 13,300 to end at 13,355 - up 0.7%. Both Sensex and Nifty registered another record high in today's session.
Today's session belonged to FMCG, Pharma, Media and PSU Banking stocks. The Nifty Media index was the top sectoral gainer in today's session, ending with gains of 2.8%. The index gained for the seventh straight day to end at the highest level in over three months.
The PSU Bank index ended 2.1% higher at the highest level in nine months.
The Nifty Pharma index continued to edge higher, gaining another 1.6% in today's session to end at the highest level since November 2015. The index also gained for the seventh day in a row.
The Nifty FMCG index too ended 1.6% higher, at the highest level since August 2018. The index ended higher for the fourth straight day.
Broader markets outperformed the benchmarks in today's session. The Nifty Midcap index gained 1.1% to end at the highest level since February 2018. The index gained for the seventh day in a row. The Smallcap index too ended 1.2% higher at the highest level since September 2018.
The India Volatility Index ended unchanged, at the mark of 18.
1,385 stocks on the NSE ended with gains while 528 stocks declined.
How Did The Markets Fare Today
In Focus: Life Insurers
PSU Bank Index Up For The Third Day
Buzzing Stock: Granules India
- Worst performing stock on the Nifty Smallcap index
- Declines as much as 7.2% to Rs 391.5
- Biggest single-day drop since March this year
- Falls to the lowest in over a month
- Has declined in three out of the last four trading sessions
- Heading towards its 50-Day Moving Average on the downside at 388.4
- Relative Strength Index (RSI) of the stock at 48.5
- 10 out of the 12 analysts tracking the stock have a buy recommendation; 1 sell call
- Return potential of the stock as per Bloomberg data is 17.5%
Markets At 2:10 P.M.
- Benchmark indices poised to end the day with gains
- Nifty up 0.4% at 13,313
- Sensex up 0.4% at 45,251
- Nifty Bank up 0.4% at 30,168
- Nifty Midcap index up 0.7%
- Nifty Smallcap index up 1.1%
- India Volatility Index up 0.6% to 18.1
- Nifty Pharma and Nifty PSU Bank are the top sectoral gainers; up over 1.5% each
- Nifty FMCG index gains 1% while Nifty Media index up 1.2%
- Nifty Metal, Nifty Realty and Nifty Auto index down 0.3% each
- Adani Ports & SEZ is the top Nifty gainer; up 3.3%
- Kotak Mahindra Bank is the top Nifty laggard; down 2.2%
- 1,359 stocks on the NSE are trading with gains while 522 decline
In Focus: Vardhman Textiles
In Focus: Hindalco
Highest Passenger Car Sales In Three Years
Pharma Index Highest Since November 2015
In Focus: NMDC
In Focus: Adani Ports
Markets At Noon
- Benchmark indices continue to remain in a range
- Sensex up 0.3% at 45,195
- Nifty up 0.3% at 13,297
- Nifty Bank down 20 points at 30,031
- Nifty Midcap index up 1%
- Nifty Smallcap index up 1.2%
- India Volatility Index up 0.8% to 18.2
- Nifty Pharma index is the top sectoral gainer; up 2.1%
- Nifty Media is the other sectoral gainer; up 1.8%
- Nifty PSU Bank index and Nifty FMCG index gain over 1% each
- Sun Pharma is the top Nifty gainer; up 3.8%
- JSW Steel is the top Nifty laggard; down 1.7%
- 1,391 stocks on the NSE are trading with gains while 461 decline
In Focus: Wipro
35% Nifty Earnings Growth?
Markets At 10:30 A.M.
- Benchmark indices are trading with modest gains
- Nifty up 0.2% at 13,284
- Sensex up 0.2% at 45,165
- Nifty Bank unchanged at 30,050
- Nifty Midcap index up 0.9%
- Nifty Smallcap index up 0.8%
- India Volatility Index up 1.3% to 18.27
- Nifty Media is the top sectoral gainer; up 1.5%
- Nifty Pharma is the other sectoral gainer; up 1.1%
- Nifty PSU Bank index up 0.9% while Nifty FMCG gains 0.7%
- Adani Ports & SEZ is the top Nifty gainer; up 3.9% and at a record high
- Kotak Mahindra Bank is the top Nifty laggard; down 1.7%
- 1,330 stocks on the NSE trade with gains while 457 decline
In Focus: NBFCs
Outperforming The Sensex
In Focus: ICICI Bank
Opening Bell
Indian equity markets have opened little changed in today's session, beginning the new trading week on the Subdued note.
The S&P BSE Sensex has opened 20 points higher at 45,099 while the NSE Nifty 50 index is unchanged at 13,264. Both Sensex and Nifty registered their fifth straight weekly advance on Friday - their longest weekly winning streak since July.
All sectoral indices too have opened flat in today's session. The Nifty Media index is up 0.7% while the PSU Bank index has gained 0.3%. Other indices are little changed.
Broader markets have opened higher and are outperforming the benchmarks at the start of trade. The Nifty Midcap index is up 0.3% while the Smallcap index has gained 0.5% at the start of trade.
1,264 stocks on the NSE are trading with gains while 378 are declining.
Current Market Update
Resistance At Higher Levels?
Good Morning!
Indian equities gained for the fifth straight week, their longest such winning streak since July this year.
The Nifty Bank, too, saw a sharp surge during the final minutes of trade on Friday, helping the index end close to its highest level since March.
Futures, however, are indicating that markets are likely to begin the new trading week with a negative bias. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, fell 0.3% to 13,287 as of 7:35 a.m. on Monday.
In a recent Greed & Fear note, Chris Wood of Jefferies said he will raise India’s weightage in the firm’s Asia Pacific ex-Japan relative-return portfolio by a one percentage point, after several positive indicators made him more bullish on the country’s equity market.
Asian markets are trading mixed this morning with modest moves. Benchmark indices in Japan, China and Hong Kong are declining, while those in Australia is outperforming.
Futures on the Dow Jones are trading little changed. The index ended with gains of 0.8% on Friday.
West Texas Intermediate crude fell 0.4% to $46.08 per barrel, while gold traded at $1,836.5/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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