Closing Bell
Indian equities ended at the day's low, beginning the new trading week on a negative note.
The S&P BSE Sensex ended 1% lower at 48,564 while the NSE Nifty 50 index fell 1.1% to end at 14,281. However, both the indices ended 160 and 60 points higher than their respective day's low.
This is also the first instance when the Nifty has declined over 1% on consecutive days since April 1 and April 3, 2020.
Among the sectoral indices, while all of them ended with losses, the Metals index was the top laggard, ending 4.1% lower.
Among other indices, The Nifty Pharma, Nifty PSU Bank, Nifty Realty, Nifty Media and Nifty Auto, all saw losses in excess of 2%. The I.T. index fell 1.7% while the Nifty Bank index ended 1.3% lower.
Broader markets too ended the day on a negative note, underperforming the benchmarks. The Midcap index ended 2.1% lower while the Smallcap index fell 1.8% in today's session.
The India Volatility Index ended 1.6% higher at 24.4.
1,512 stocks on the NSE ended with losses in today's session while 420 stocks bucked the trend to end higher.
How Did The Sectoral Indices Fare
In Focus: Motherson Sumi
All But One Stock On The Auto Index Decline
Vetri Subramaniam's Market Outlook
Markets At 2:10 P.M.
- Benchmark indices recover from the day's low
- Nifty up 100 points from day's low; down 0.5% at 14,362
- Sensex up 330 points from day's low; down 0.3% at 48,867
- Nifty Bank down 0.6% at 32,054
- Nifty Midcap index down 1.7%
- Nifty Smallcap index down 1.2%
- India Volatility Index up 1.5% at 24.3
- Nifty Metal index remains the top sectoral laggard; down 3.4%
- Nifty Realty index declines 1.8% while Pharma index down 1.7%
- PSU Bank and Auto index down 1.5% each
- UPL remains the top Nifty gainer; up 4.4%
- Tata Steel remains the top Nifty laggard; down 4.4%
- 1,472 stocks on the NSE trade with losses while 420 are bucking the trend
Active Stock Options
- HDFC Bank's 1,500 Call: Premium up 8.1% at Rs 31.2. The contract has shed 503 shares in Open Interest.
- ITC's 220 Call: Premium up 21.6% to Rs 7.6. The contract has added 623 shares in Open Interest.
- Infosys' 1,400 Call: Premium down 45% to Rs 10.3. The contract has shed 574 shares in Open Interest.
Edelweiss' Market Outlook
PSU Bank Index Among Top Laggards
IRFC IPO Opens Today
Also Read: IRFC IPO: Here’s All You Need To Know
Bucking The Trend: KEI Industries
- Top gainer on the Nifty Smallcap index
- Gains as much as 6.5% to Rs 510.95
- Trading at the highest level in 10 months
- Up for the second straight day
- Today's volumes are eight times its 20-day average
- Stock enters overbought territory with Relative Strength Index (RSI) at 71
- All 13 analysts tracking the stock have a buy recommendation
- Return potential as per Bloomberg consensus data is 3%
In Focus: Adani Green Energy
Markets At Noon
- Benchmark indices trade near the day's low
- Nifty down 1% at 14,288
- Sensex down 0.9% at 48,605
- Nifty Bank down 1% at 31,941
- Nifty Midcap index down 2%
- Nifty Smallcap index down 1.5%
- India Volatility Index up 3.9% to 24.95
- Nifty Metal remains the top sectoral laggard; down 3.6%
- Nifty Media and Nifty Realty index down over 2.5% each
- Nifty Auto, Nifty Pharma and PSU Bank index decline 1.8% each
- Nifty FMCG bucks the trend; trades with gains of 0.3%
- UPL remains the top Nifty gainer; up 3.2%
- Tata Motors is the top Nifty laggard; down 5.7%
- 41 out of the 50 index constituents trade with losses
- 1,542 stocks on the NSE decline while 325 trade with gains
All Stocks In The Media Index Decline
In Focus: Bond Markets
Metal Index Is The Top Sectoral Laggard
In Focus: Metropolis Healthcare
Also Read: Metropolis Healthcare Stock Gains On New Buy
In Focus: L&T Finance
Also Read: L&T Finance’ Shares Fall After Q3 Results
Markets At 10:10 A.M.
- Benchmark indices decline for the second straight day
- Nifty down 0.6% at 14,338
- Sensex down 0.5% at 48,795
- Nifty Bank little changed at 32,272
- Nifty Midcap index down 2%
- Nifty Smallcap index down 1.1%
- India Volatility Index up 5.1% to 25.2
- Nifty Metal index is the top sectoral laggard; down 3.5%
- Nifty Realty, Nifty Pharma, Nifty Media and Nifty Auto index down over 2% each
- UPL is the top Nifty gainer; up 3%
- Hindalco is the top Nifty laggard; down 4.2%
- Top three laggards on the Nifty are metal stocks
- 40 out of the 50 index constituents are declining
- 416 stocks on the NSE are trading with gains while 1,370 are declining
In Focus: HCL Technologies
In Focus: HDFC Bank
Opening Bell
Indian equities have begun the new trading week on a subdued note, despite futures pointing to a gap down opening.
The S&P BSE Sensex opened 26 points higher at 49,061 while the NSE Nifty 50 index opened 20 points higher at 14,453.
All sectoral indices too have opened little changed in today's session. The FMCG index is up 0.3%, as is the PSU Bank index. The Auto and Pharma indices have opened marginally lower while others are flat.
Broader markets too have opened on a tepid note. The Nifty Midcap index is up 0.1% while the Smallcap index is up 0.2% at the start of trade.
Current Market Update
A Subdued Start Likely
Good Morning!
Indian equities managed to eke out a weekly gain despite falling the most in a month on Friday. That was the 11th straight weekly gain for the S&P BSE Sensex.
Futures, however, are indicating a weak start to the new trading week. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, fell 0.3% to 14,421 as on 8:05 a.m. on Monday.
HDFC Bank, L&T Finance, Shoppers Stop and Apollo Pipes, among others, may react to their quarterly earnings reported after market hours on Friday and over the weekend.
Non-Nifty 50 companies that will announce results today are IndiaMart InterMesh, IRB Infra, Mindtree, Rallis India, Snowman Logistics and Indiabulls Real Estate.
Asian equities are trading lower this morning after a weak closing on Friday's Wall Street session. South Korean benchmarks are seeing the bulk of the losses.
Futures on the Dow Jones are trading 50 points lower. The index fell 0.6% on Friday.
West Texas Intermediate crude fell 0.5% to $52.08 per barrel, while gold fell 1% to $1,812.8/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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