Closing Bell
Indian equities ended lower for the third straight day as heavyweight Reliance Industries and technology stocks underperformed.
The S&P BSE Sensex ended 1.1% lower at 48,347 while the NSE Nifty 50 index fell 0.9% to end at 14,238.
Reliance Industries was the biggest contributor to the decline in the benchmark indices, ending 5.6% lower. This was the biggest single-day fall seen in the stock in nearly three months.
Among sectoral indices, technology shares were the biggest laggards in today's session. The Nifty I.T. index ended 1.8% lower while the PSU Bank index, Auto index and the Realty index fell 0.8% each.
Nifty Pharma outperformed in today's session, ending 1.7% higher, mainly led by gains in Aurobindo Pharma, which closed at a record high.
Broader markets moved in-line with the benchmark indices. The Midcap index fell 0.9% while the Smallcap index declined 1.2% in today's session.
The India Volatility Index rose 3.7% to end at 23.25.
1,404 stocks on the NSE ended with losses while 519 stocks bucked the trend to end higher.
How Did The Sectoral Indices Fare
Buzzing Stock: Shriram Transport Finance
- Top gainer on the Nifty Midcap index
- Gains as much as 9.9% to Rs 1,264.8
- At day's high, it was the biggest single-day gain since April
- Today's volumes are 82% higher than its 20-day average
- Relative Strength Index (RSI) of the stock at 56
- 31 out of the 40 analysts tracking this stock have a 'buy' recommendation; 2 'sell' ratings
- The stock trades 6.3% higher than its 12-month Bloomberg consensus price target of Rs 1,135.3
In Focus: APL Apollo Tubes
In Focus: Aurobindo Pharma
Markets At 2:10 P.M.
- Benchmark indices fluctuate between gains and losses
- Nifty down 0.1% at 14,350
- Sensex down 0.3% at 48,734
- Nifty Bank up 0.6% at 31,351
- Nifty Midcap index down 0.2%
- Nifty Smallcap index down 0.5%
- India Volatility Index up 3.8% at 23.3
- Nifty Pharma is the top sectoral gainer; up 2.4%
- Nifty Metal is the other sectoral gainer; up 0.9%
- Nifty I.T. is the top sectoral laggard; down 0.6%
- Grasim remains the top Nifty gainer; up 8%
- Reliance Industries is the top Nifty laggard; down 4.8%
- 1,256 stocks on the NSE decline while 628 are trading with gains
Kotak Mahindra Bank Q3
In Focus: Larsen & Toubro
In Focus: Stove Kraft IPO
Also Read: Stove Kraft IPO: Here’s All You Need To Know
In Focus: Lupin
Pharma Index Bucking The Trend
In Focus: UltraTech
Markets At Noon
- Benchmark indices continue to fluctuate between gains and losses
- Nifty down 0.2% at 14,336
- Sensex down 0.3% at 48,740
- Nifty Bank up 0.7% at 31,380
- Nifty Midcap index down 0.6%
- Nifty Smallcap index down 1.1%
- India Volatility Index up 4.8% at 23.5
- Nifty Media index remains top sectoral laggard; down 0.9%
- Nifty I.T. index falls 0.8% while PSU Bank and Auto index down 0.7%
- Grasim remains the top Nifty gainer; up 7.2%
- Reliance Industries is the top Nifty laggard; down 4.5%
- 1,325 stocks on the NSE trade with losses while 512 stocks advance
In Focus: Grasim
Nifty Bank Outperforms
In Focus: NBFCs
In Focus: NCC
Markets At 10:10 A.M.
- Benchmark indices fluctuate between gains and losses
- Nifty up 0.2% at 14,397
- Sensex up 0.2% at 48,967
- Nifty Bank up 1.1% at 31,504
- Nifty Midcap index down 0.1%
- Nifty Smallcap index down 0.5%
- India Volatility Index up 3% to 23.1
- Nifty Media index is the top sectoral laggard; down 0.6%
- Nifty Auto, FMCG and I.T. indices decline 0.4% each
- Grasim is the top Nifty gainer; up 4.3%
- Reliance Industries is the top Nifty laggard; down 3.8%
- 1,228 stocks on the NSE decline while 545 are advancing
Reaching A Peak?
In Focus: Reliance Industries
Opening Bell
Indian equities have begun the truncated F&O series expiry week on a positive note, as earnings will remain in focus ahead of the Union Budget on February 1.
The S&P BSE Sensex opened 0.8% higher at 49,253 while the NSE Nifty 50 index gained 0.7% at the start of trade to open at 14,477.
The Sensex snapped its longest run of weekly gains since 2009 on Friday after the biggest single-day drop in a month.
All sectoral indices have opened higher in today's session. The Nifty Bank index is up 350 points or 1.1%, as is the Nifty Media index.
The Nifty Auto and Nifty Metal indices have gained 1.4% each while the PSU Bank index has gained 1% in the early minutes of trade.
Broader markets too have opened higher in today's session. The Nifty Midcap index is up 1.1% while the Smallcap index has gained 0.9%.
Current Market Update
January F&O Series Expiry Week
Good Morning!
Indian equities head into the January futures and options series expiry week after snapping a series of gains. The Sensex's longest weekly run of gains since 2009 ended on Friday after the benchmark fell the most in a month.
Futures are indicating a gap-up opening for the markets on the first day of this week, truncated by the Republic Day holiday on Tuesday. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, rose 0.9% to 14,482 as of 8:05 a.m.
Reliance Industries, HDFC Life, UltraTech Cement, JSW Steel, Crompton Consumer and Polycab may react to their quarterly earnings reported after market hours on Friday and over the weekend.
Two Nifty 50 companies—Kotak Mahindra Bank and Larsen & Toubro—will report the numbers today, along with non-Nifty stocks APL Apollo Tubes, Aarti Drugs, ICICI Securities.
Most Asian stocks pushed higher this morning as investors look forward to the Federal Reserve policy meeting later this week. Benchmarks in South Korea and Hong Kong outperformed, while gains were modest in Japan and Australia.
Futures on the Dow Jones are trading with gains of 90 points. The index fell 0.6% on Friday.
West Texas Intermediate crude was flat at $52.25 per barrel, while gold was little changed at $1,856/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