Closing Bell
Indian equities ended little changed in a day where benchmark indices fluctuated between gains and losses throughout the session.
The S&P BSE Sensex ended 25 points lower at 49,492 while the NSE Nifty 50 index ended unchanged at 14,564.
Among the sectoral indices today, the PSU Bank index ended as the top performer in today's session, gaining 3.3%. The Nifty Bank index ended 0.7% higher and at a record high of 32,574.
The Nifty Auto index ended 0.8% higher while most other indices ended flat.
The Pharma index was the top sectoral laggard in today's session, ending 0.9% lower.
Broader markets underperformed in today's session. The Midcap index ended 0.6% lower while the Smallcap index fell 0.2%.
The India Volatility Index rose 1.9% to close at 23.29.
643 stocks on the NSE ended with gains while 1,260 stocks reported losses.
How Did The Sectoral Indices Fare
In Focus: Amazon's New Mobile Plan
Soaring Fuel Prices
Earnings Fineprint: CESC Q3FY21
- Revenue up 1% at Rs 1,659 crore Vs Rs 1,648 crore (BBG Estimate: Rs 1,591.6 crore)
- Net profit up 3% at Rs 182 crore Vs Rs 176 crore (BBG Estimate: Rs 171.5 crore)
- Ebitda up 8% at Rs 299 crore Vs Rs 277 crore (BBG Estimate: Rs 410 crore)
- Ebitda margin at 18% Vs 16.8%
- Dividend of Rs 45 per share
Shares gained as much as 3.2% to Rs 682.9, before cooling off.
Markets At 2:10 P.M.
- Benchmark indices fall to the day's low
- Nifty down 0.7% at 14,465
- Sensex down 0.7% at 49,170
- Nifty Bank down 0.3% at 32,235
- Nifty Midcap index down 1.8%
- Nifty Smallcap index down 1.1%
- India Volatility Index up 5% to 24
- Nifty Pharma is the top sectoral laggard; down 1.7%
- Nifty Media down 1.4% while Nifty Realty and Metal decline 1% each
- PSU Bank index gives up gains to decline 0.9%
- Mahindra & Mahindra remains the top Nifty gainer; up 6%
- Bajaj Finance is the top Nifty laggard; down 3.6%
- 463 stocks on the NSE trade with gains while 1,426 decline
Active Stock Options
- State Bank of India's 300 Call: Premium up 37.3% to Rs 12.15. The contract has shed 1.7 lakh shares in Open Interest.
- Bharti Airtel's 580 Put: Premium down 23% to Rs 19.4. The contract has added 12.1 lakh shares in Open Interest.
- Tata Steel's 730 Call: Premium up 15.5% to Rs 19.4. The contract has shed 54,400 shares in Open Interest.
Buzzing Stock: HUDCO
- Top gainer on the Nifty Midcap index
- Gains as much as 20% to Rs 51.2
- Biggest single-day gain since May 2017
- Trading at the highest level since September 2018
- Today's volumes are 15 times its 20-day average
- Stock above overbought territory with Relative Strength Index (RSI) at 76
- Both analysts tracking the stock have a buy recommendation
- Return potential as per Bloomberg consensus data is 4.7%
In Focus: Pharma Stocks
In Focus: Bharti Airtel
Fifth Day Of Gains For Auto Index
In Focus: Granules India
Markets At Noon
- Benchmark indices pare gains, trade with a negative bias
- Nifty down 6 points at 14,556
- Sensex down 56 points at 49,457
- Nifty Bank up 50 points at 32,386
- Nifty Midcapindex down 0.1%
- Nifty Smallcap index unchanged
- India Volatility Index up 3.6% to 23.66
- Nifty PSU Bank index remains the top sectoral gainer; up 1.4%
- Nifty Auto index gains 1% while FMCG index gains 0.8%
- Nifty Pharma and Nifty I.T. index down 0.5% each
- Mahindra & Mahidra is the top Nifty gainer; up 4.3%
- HDFC is the top Nifty laggard; down 2%
- 755 stocks on the NSE are trading with gains while 1,072 are declining
In Focus: SAIL
Also Read: Why SAIL Has Surpassed Analysts Forecasts
In Focus: LIC Housing Finance
PSU Bank Index Top Gainer
In Focus: Howard Marks
In Focus: Tata Elxsi
Markets At 10:15 A.M.
- Benchmark indices hold on to gains; face some pressure at higher levels
- Nifty up 0.4% at 14,623
- Sensex up 0.35% at 49,691
- Nifty Bank up 0.8% at 32,601
- Nifty Midcap index up 0.6%
- Nifty Smallcap index up 0.6%
- India Volatility Index up 1.9% to 23.3
- Nifty PSU Bank index is the top sectoral gainer; up 2.2%
- Nifty Media index gains 1.2%
- Nifty Auto, Nifty Metal index up 0.7% each while Nifty Realty up 0.6%
- Bharti Airtel is the top Nifty gainer; up 4.5%
- Shree Cement is the top Nifty laggard; down 1.1%
- 1,085 stocks on the NSE trade with gains while 689 stocks decline
In Focus: Divi's Laboratories
Opening Bell
Indian equities opened higher for the fourth straight day, notching up another round of record highs in the process.
The S&P BSE Sensex opened 0.5% higher at 49,763. The index is now just 250 points away from scaling the mark of 50,000. The NSE Nifty 50 index too has opened 0.5% higher at 14,639.
All sectoral indices have opened higher in today's session. The Media index has opened with gains of 1% while the PSU Bank index is up 1.1%. The Nifty Bank index has opened at a record high of 32,547, gaining 0.6% or over 200 points.
Other indices like Nifty FMCG and I.T. gained 0.4% each while the Metal index rose 0.8% at the start of trade.
Broader markets have opened in-line with benchmark indices. The Midcap index is up 0.6% while the Smallcap index has risen 0.5% in the early minutes of trade.
1,241 stocks on the NSE have opened with gains while 348 are declining.
Current Market Update
Another Day Of Records?
Good Morning!
Indian equities scaled another record high on Tuesday, aided by financial and realty stocks.
The S&P BSE Sensex is now only 483 points away from hitting 50,000. The index will not only have doubled from its March 2020 lows, but also from when it first hit the mark of 25,000 in June 2014.
Futures are indicating a positive start to today's trading session. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, rose 0.3% to 14,638 as of 7:55 a.m. on Wednesday.
Nifty 50 companies Infosys and Wipro will report earnings for the quarter ended December after market hours. Tata Elxsi may react to its financials reported after closing on Tuesday. Non-Nifty 50 stocks such as CESC, 5Paisa Capital and GTPL Hathway will also report results today.
Asian markets are mixed in mid-week trade, even as the U.S. dollar continues to weaken. Benchmarks in Japan and Australia fell, while those in South Korea, China and Hong Kong saw gains.
Futures on the Dow Jones are trading 40 points higher. The index ended little changed on Tuesday.
Oil prices trade near an 11-month high. West Texas Intermediate crude rose 0.8% to $53.63 per barrel, while gold rose 0.3% to $1,860/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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