Closing Bell
Indian equity markets managed to recover a third of their worst fall in seven months that took place on Monday.
The S&P BSE Sensex ended 1% higher and above the mark of 46,000 at 46,006. The index recovered 900 points from the lowest point of the day, which stood at 45,112.
The NSE Nifty 50 index also gained 1% to end at 13,466. The index recovered nearly 300 points from the day's low of 13,192.
Both benchmark indices had a very volatile trading day where they oscillated in a broad trading range.
Among the sectoral indices, the I.T. and Pharma stocks outperformed in today's session. The Nifty I.T. index ended 3.4% higher, surging to a record high in the process. Three out of the top five Nifty gainers were I.T. stocks.
Drugmakers were the other major outperformers in today's session with the Nifty Pharma index ending with gains of 2.2%.
The Nifty Metal index gained 1.4% while Nifty Auto and the PSU Bank index ended with gains of close to 1% after recovering from their respective day's low.
Broader markets moved largely in-line with the benchmarks. The Midcap index ended 0.85% higher while the Smallcap index ended with gains of 0.8%.
India Volatility Index fell 5.2% in today's session to close at 22.
1,068 stocks on the NSE ended with gains while 818 reported losses.
How Did The Sectoral Indices Fare
Pharma Index Among Top Gainers
Conservative Growth Plans
Buzzing Stock: Tata Elxsi
- Top gainer on the Nifty Smallcap index
- Gains as much as 6.5% to Rs 1,653
- Recovers all of Monday's losses
- Today's volumes are 90% higher than its 20-day average
- Back above 50-Day Moving Average of 1,569.4
- Relative Strength Index (RSI) at 55
- Two out of the six analysts tracking the stock have a buy recommendation; 1 sell call
- The stock is trading 17.2% higher than its 12-month Bloomberg consensus price target of Rs 1,364
PMC Bank Resolution
Also Read: PMC Bank: Is Resolution Really In Sight?
Benchmark Indices At The Day's High
Markets At 2:10 P.M.
- Benchmark indices recover from the day's low to trade with gains
- Nifty up 0.5% at 13,403 - 210 points off the day's low
- Sensex up 0.5% at 45,801 - 700 points off the day's low
- Nifty Bank up 0.2% at 29,504
- Nifty Midcap index unchanged
- Nifty Smallcap index up 0.2%
- India Volatility Index down 1.2% to 22.91
- Nifty I.T. index is the top sectoral gainer; up 2.1%
- Nifty Pharma index is the other major gainer; up 1.2%
- Most other indices recover from the day's low to trade with gains
- Adani Ports & SEZ is the top Nifty gainer; up 3.3%
- Bajaj Finance is the top Nifty laggard; down 1.1%
- 1,094 stocks on the NSE trade with losses while 773 are advancing
Active Stock Options
- Reliance Industries' 2,000 Call: Premium down 38.5% to Rs 18.65. The contract has added 2.2 lakh shares in Open Interest
- Infosys' 1,200 Call: Premium up 41.4% to Rs 23.2. The contract has added 33,600 shares in Open Interest
- Asian Paints' 2,500 Put: Premium up 13.7% to Rs 31.85. The contract has added 2.7 lakh shares in Open Interest
In Focus: Hindustan Foods
In Focus: Airlines
In Focus: Birlasoft
Only Two Stocks In The PSU Bank Index Gain
In Focus: Borosil Renewables
Markets At Noon
- Benchmark indices continue to remain volatile; fluctuate between gains and losses
- Nifty down 0.55% at 13,256
- Sensex down 0.55% at 45,303
- Nifty Bank down 1.1% at 29,131
- Nifty Midcap index down 1.1%
- Nifty Smallcap index down 1.2%
- India Volatility Index up 3.3% to 24
- Nifty Media index remains the top sectoral laggard; down 2.8%
- Nifty PSU Bank index down 1.1% while Nifty Realty index down 1%
- Nifty I.T. index bucking the trend; up 0.6% while Nifty Pharma index up 0.3%
- Bharti Airtel is the top Nifty gainer; up 2%
- Tata Motors remains the top Nifty laggard; down 2.5%
- 1,462 stocks on the NSE decline while 387 trade with gains
In Focus: Zee Entertainment
Auto Index Declines For Fourth Day
Buzzing Stock: ABB Power Products & Systems
- Among top gainers on Nifty 500 index
- Gains as much as 6.3% to Rs 1,299.7
- Snaps five-day losing streak
- Today's volumes are 15% below its 20-day average
- Relative Strength Index (RSI) of the stock at 60
- The stock is trading 10.1% higher than its 12-month Bloomberg consensus price target of Rs 1,150
In Focus: Delhi, NCR Office Markets
Tech Mahindra, HCL Tech Lead Gains On I.T. Index
5G Rollout In India
Markets At 10:10 A.M.
- Benchmark indices see a volatile day of trade
- Nifty reverses nearly 300 points from the day's high of 13,446 to fall towards the day's low of 13,192. Currently down 11 points at 13,313
- Sensex reversed over 800 points from the day's high of 45,938 to the day's low of 45,140. Currently down 15 points at 45,540
- Nifty Bank down 0.8% at 29,228
- Nifty Midcap index down 1.5%
- Nifty Smallcap index down 2.2%
- India Volatility Index up 2% to 23.66
- Nifty Media index is the top sectoral laggard; down 2.7%
- Nifty PSU Bank index declines 2.5%
- Nifty Auto index down 1.2% while FMCG index declines 0.9%
- Nifty I.T. is the only sectoral gainer; up 0.5%
- HCL Technologies is the top Nifty gainer; up 1.7%
- Tata Motors is the top Nifty laggard; down 3.7%
- 39 out of the 50 Nifty constituents trade with losses
- 1,555 stocks on the NSE trade with losses while 237 are gaining
India Volatility Index Near 24
In Focus: Shipping Corporation Of India
Media Index Down For Fourth Day
In Focus: JSW Energy
Opening Bell
Indian equity markets have had a mixed start to today's trading session after having witnessed their biggest single-day drop in seven months.
The S&P BSE Sensex opened 24 points lower at 45,529 while the NSE Nifty 50 index opened 0.3% higher at 13,373.
Most sectoral indices have had a subdued start to the trading day. The Nifty Bank index is up 0.5% while Nifty I.T. and Nifty Pharma are up 0.3% and 0.4% respectively. Other indices are flat.
Broader markets have opened lower in today's session as well. The Nifty Midcap index is down 0.3% while the Smallcap index fell 0.6% at the start of trade.
680 stocks on the NSE trade with gains while 860 decline.
Current Market Update
A Rebound Ahead?
Good Morning!
Indian equity markets may rebound after posting their biggest single-day drop since May on Monday. Investor wealth worth more than Rs 6.5 lakh crore was eroded on Monday as the benchmarks ended nearly 3% down amid a new Covid-19 strain in the U.K.
The fall even offset all the gains made by the benchmarks during the last six trading sessions.
But futures are pointing towards a gap-up opening for India's markets on Tuesday. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, rose 1.1% to 13,403 as of 8:00 a.m.
Sentiment across the Asia Pacific is subdued as most Asian equities are trading lower. Japanese markets are underperforming their peers.
Futures on the Dow Jones are currently trading 40 points lower. The index ended little changed on Monday.
West Texas Intermediate crude fell 0.3% to $47.81 per barrel, while gold rose 0.3% to $1,881.58/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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