Sensex, Nifty Close At Another Record High Led By Tata Motors, IT Stocks
A bronze bull statue stands at the entrance to the BSE building in Mumbai, India. (Photographer Dhiraj Singh/Bloomberg)

Sensex, Nifty Close At Another Record High Led By Tata Motors, IT Stocks

Latest First
  • Oldest First

Closing Bell: Another Record Closing For India Stocks

India stocks climbed to new peaks as sentiment was boosted by a positive start to the quarterly earnings season and the commencement of vaccinations in the nation this week.

The S&P BSE Sensex rose 1% to 49,269.32, while the NSE Nifty 50 Index advanced 0.96%. Both gauges, which closed at record highs, were boosted by technology companies after Tata Consultancy Services Ltd. posted earnings that beat expectations.

  • Seven of 12 sector sub-indexes compiled by BSE Ltd. advanced, led by a gauge of IT companies
  • Infosys Ltd. contributed the most to the index gain, increasing 4.9%. Tata Motors Ltd. had the largest increase, rising 11.4%.; Tata Steel Ltd. was the biggest drag and slipped 2.5%
  • Today, 31 of 50 shares rose, while 17 fell.
  • The benchmark 10-year bond fell and the yield rose 4.6 basis points to 5.922 percent
Sensex, Nifty Close At Another Record High Led By Tata Motors, IT Stocks

India's stocks have benefited from foreign investors piling in amid signs of recovery in the economy, even as it heads for its worst annual contraction since the 1950s.

Watch the highlights from today's trading action.

Kaveri Seed Up 5.2%, Most In 10 Weeks

Kaveri Seed Co. rose 5.2%, more than any full-day gain since Nov. 3. Trading volume was quadruple the average for this time of day.

  • Trading volume was 1.34 million shares, quadruple the 20-day average of 351,471 shares for this time of day.
  • One-month implied volatility was 133%.
  • The relative strength index on the stock was above 70, indicating it may be overbought.
  • Analysts have nine buy, two hold, and no sell recommendations on the stock.
  • The price target of Rs 748 represents a 33% increase from the last price.

Tata Motors Jumps The Most Since April

Tata Motors Ltd. rose 10%, more than any full-day gain since April of last year. Trading in the company's call options was double the average. Trading volume was double the average for this time of day.

  • Trading volume was 109.2 million shares, double the 20-day average of 51.5 million shares for this time of day.
  • Trading in the company's call options totalled 35,156 contracts, compared with the average of 15,989 over the past 20 days. Trading in the company's put options totalled 12,514 contracts, compared with the average of 8,214 over the same period.
  • One-month implied volatility was 60%.
  • The relative strength index on the stock was above 70, indicating it may be overbought.
  • Analysts have 18 buy, six hold, and nine sell recommendations on the stock.
  • The price target of Rs 162 represents a 24% decrease from the last price

Tata Motors Leads Nifty Auto Index Higher

Vehicle registration climbed 11% on-year last month; passenger vehicle up 24% y/y, Federation of Automobile Dealers Associations says in an emailed statement

Sensex, Nifty Close At Another Record High Led By Tata Motors, IT Stocks
“We are positive on Maruti, Tata Motors, Bajaj Auto and Subros in the auto and auto ancillary sector. These companies will benefit from improving demand trends as well as improving prospects in overseas markets,” HDFC Securities Ltd. says in an earnings preview   

S&P BSE Realty Index Gains Six Times In Seven Trading Sessions This Year

Sensex, Nifty Close At Another Record High Led By Tata Motors, IT Stocks

Venky's Shares Under Selling Pressure

Shares of the poultry company fell as much as 5% on the rising number of states reporting bird flu outbreaks. The stock is down for a fifth time in six sessions.

Sensex, Nifty Close At Another Record High Led By Tata Motors, IT Stocks

The number of Indian states reporting bird flu outbreaks has increased to seven after Haryana and Gujarat confirmed positive cases among poultry and wild birds, according to a government statement.

The disease has also been found in Kerala, Rajasthan, Madhya Pradesh, Himachal Pradesh and Uttar Pradesh, the Ministry of Fisheries, Animal Husbandry & Dairying said in a statement late on Sunday.

Meanwhile, the Press Trust of India reported on Monday that bird flu cases were confirmed in Maharashtra and Delhi.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.