Closing Bell
Indian equities staged a sharp recovery from the day's low to end near the highest point of the day, and lodging yet another record high.
The S&P BSE Sensex ended 0.64% higher at 48,176. This was the ninth straight day of gains for the index. The NSE Nifty 50 index too gained 0.8% to close above the mark of 14,100 at 14,132.
Among the sectoral indices, Metal stocks outperformed its peers by a long way, with the Metals index ending with gains of 5.1%. The index now trades at the highest since November 2018.
What also ended at a two-year high is the Auto index, which gained 1.6% in today's session.
The Nifty I.T. index extended its winning run, gaining 2.7% today to end at another record high.
Other indices like Nifty Pharma and the PSU Bank index ended with gains of 1% each. The Nifty Bank index underperformed in today's session, ending little changed.
Broader markets outperformed in today's session, with the Midcap index ending 1.4% higher while the Smallcap index gained 1.2%.
India Volatility Index ended with gains of 2.3% at the mark of 20.
1,361 stocks on the NSE ended with gains while 580 stocks posted losses.
How Did The Sectoral Indices Fare
Auto Index At Two-Year High
In Focus: Gold
Marico's Quarterly Business Update
- Faster than expected recovery seen in consumer sentiment in India
- Witnessed strong performance across its portfolio
- General trade continues to grow healthily and rural markets are staying ahead of urban
- E-commerce continued to do well, Modern trade fared better while CSD continued to decline
- Double-digit volume growth in the India business
- Parachute coconut oil delivered ahead of its medium-term aspirations
- Foods portfolio continued to witness exponential growth in-line with near-term aspirations
- International business saw high single-digit constant currency growth led by double-digit growth in Bangladesh
- Saw price hikes across both parachute and Saffola edible oil portfolios
- Expect to deliver healthy profit growth on the back of various cost optimisation initiatives
- Maintain an optimistic outlook for the rest of the year.
Markets At 2:10 P.M.
- Benchmark indices fluctuate between gains and losses
- Nifty up 0.5% at 14,087
- Sensex up 0.4% at 48,040
- Nifty Bank down 0.45% at 31,089
- Nifty Midcap index up 1%
- Nifty Smallcap index up 1%
- India Volatility Index up 3.2% to 20.2
- Nifty Metal remains the top sectoral gainer; up 3.4%
- Nifty I.T. is the other major gainer; up 2.2%
- Nifty Pharma and Nifty Auto index gain 1.2% each
- Hindalco is the top Nifty gainer; up 5%
- Hero MotoCorp is the top Nifty laggard; down 1.8%
- 1,348 stocks on the NSE trade with gains while 556 are declining
Active Stock Options
- TCS' 3,000 Call: Premium up 56% to Rs 108.9. The contract has added 8,700 shares in Open Interest.
- Tata Steel's 700 Call: Premium up 110.8% to Rs 18.4. The contract has added 1.8 lakh shares in Open Interest.
- Infosys' 1,300 Call: Premium up 20% to Rs 44.4. The contract has added 1.6 lakh shares in Open Interest.
In Focus: Bulk Drug Production
Buzzing Stock: Ashok Leyland
- Top gainer on the Nifty Midcap index
- Gains as much as 6.2% to Rs 105.3
- Trading at the highest level since December 2018
- Up for the third straight day
- Today's volumes are almost quadruple its 20-day average
- One-month implied volatility at 50%
- 33 out of the 46 analysts tracking the stock have a buy recommendation; 3 sell calls
- The stock trades 8.1% higher than its 12-month consensus price target of Rs 96.3
In Focus: Minda Industries
I.T. Index At Record High
In Focus: Metals
Markets At Noon
- Benchmark indices pare gains; trade little changed
- Nifty up 14 points at 14,031
- Sensex down 10 points at 47,856
- Nifty Bank down 0.3% at 31,129
- Nifty Midcap index up 0.5%
- Nifty Smallcap index up 0.6%
- India Volatility Index up 4.1% to 20.4
- Nifty Metal index is the top sectoral gainer; up 2.7%
- Nifty Pharma and Nifty I.T. index up 0.8% each
- Nifty Realty is the top sectoral laggard; down 1%
- Hindalco remains the top Nifty gainer; up 4%
- Kotak Mahindra Bank remains the top Nifty laggard; down 1.3%
- 1,223 stocks on the NSE trade with gains while 638 decline
In Focus: Reliance Industries
In Focus: Mid-sized Private Banks
Metal Index Is The Top Sectoral Gainer
Jefferies' 2021 Nifty Target
In Focus: Vedanta
Also Read: Why Vedanta May Desperately Need A BPCL
Markets At 10:10 A.M.
- Benchmark indices trade with gains; Sensex up for the ninth day in a row
- Nifty up 0.5% at 14,088
- Sensex up 0.45% at 48,082
- Nifty Bank up 0.7% at 31,442
- Nifty Midcap index up 1%
- Nifty Smallcap index up 0.8%
- India Volatility Index up 1.1% to 19.8
- Nifty Metal index is the top sectoral gainer; up 2.4%
- PSU Bank index is the other major gainer; up 1.3%
- Nifty I.T. index gains 0.9% while FMCG and Auto index up 0.7% each
- Hindalco is the top Nifty gainer; up 3.2%
- 44 out of the 50 index constituents advance
- Kotak Mahindra Bank is the top Nifty laggard; down 0.7%
- 1,443 stocks on the NSE trade with gains while 359 stocks are declining
In Focus: Larsen & Toubro
December Auto Sales: Bajaj Auto
In Focus: BEML
Opening Bell
Indian equity markets have opened the first full trading week of 2021 on a positive note, registering new record highs in the process.
The S&P BSE Sensex has opened 0.5% higher at 48,109 while the NSE Nifty 50 index has opened above the mark of 14,100, gaining 0.6% to 14,104.
Among the sectoral indices, the Nifty Media and the PSU Bank index have opened with gains of over 1% while the Metal index has gained 1%.
The Nifty Bank and Nifty Auto index has gained 0.8% at the start of trade while the I.T. index is up 0.6%.
Broader markets too have opened higher. The Nifty Midcap index is up 0.8% while the Smallcap index gained a similar quantum at the start of trade.
1,429 stocks on the NSE are trading with gains while 301 stocks are declining.
Current Market Update
First Trading Week Of 2021
Good Morning!
The first full trading week of 2021 begins today. The Sensex so far has gained for nine straight weeks—the first time since April 2010. New Year’s day saw domestic investors turning buyers for the second time in as many months.
Futures are indicating a gap-up opening for Indian equities in today’s session. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, rose 0.7% to 14,115 as of 7:55 a.m. on Monday.
Lots of stocks will be in focus today on the back of auto sales, divestment related newsflow, along with quarterly business updates as fourth-quarter earnings season is just around the corner.
Japanese equities are underperforming this morning as Tokyo reported a new daily record of Covid-19 cases. Shares rose in Australia and South Korea and edged lower in Hong Kong.
Futures on the Dow Jones have pared losses and are now trading little changed. Most global markets were shut on the first day of the new year.
West Texas Intermediate crude rose 0.4% to $48.71 per barrel, while gold rose 1% to $1,917.7/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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