Sensex, Nifty End Little Changed; Metals, State-Run Lenders Shine

Indian equities gave up gains from the early part of the trading day to end little changed as private banking stocks underperformed.

The S&P BSE Sensex ended 50 points lower at 52,104 while the NSE Nifty 50 index ended unchanged from Monday's closing at 15,313.

After a 1,300 point surge on Monday, the Nifty Bank index saw some consolidation to end 200 points or 0.6% lower at 37,098.

Metal stocks were the biggest outperformers in today's session with the Metal index ending with gains of 2.9%. State-run banks were the other outperformers with the PSU Bank index ending 1.6% higher.

I.T. stocks were the biggest laggards in today's session, with the Nifty I.T. index ending with cuts of 1.5%.

Most other indices were little changed.

Broader Markets outperformed in today's session. The Nifty Midcap index gained 0.4% while the Small cap index ended 0.1% higher.

The India Volatility Index ended 1.4% higher at 21.78.

1,056 stocks on the NSE ended lower while 829 stocks posted gains.

HEG:

• Top gainer on the Nifty Small cap index
• Gains as much as 18.3% - biggest single-day gain since September 2019
• Trades at the highest level since July 2019
• Today's volumes are triple its 20-day average
• Stock in overbought territory with Relative Strength Index (RSI) at 79

Graphite India:

• Second best performer on the Nifty Small cap index
• Gains as much as 13.6% to Rs 495.9
• Trades at the highest level in two years
• Today's volumes are 63% its 20-day average
• Stock in overbought territory with Relative Strength Index (RSI) at 80

• Nifty down 0.3% at 15,274
• Sensex down 0.4% at 51,963
• Nifty Bank down 1.2% at 36,846
• Nifty Midcap index little changed
• Nifty Small cap index down 0.2%
• India Volatility Index up 2% to 21.9
• Nifty Metal index remains the top sectoral gainer; up 2.8%
• Nifty PSU Bank index is the other major gainer; up 1%
• Nifty I.T. is the top sectoral laggard; down 1.6%
• Nifty FMCG index down 0.8% while Media index declines down 0.7%
• Power Grid is the top Nifty gainer; up 7.3%
• ICICI Bank is the top Nifty laggard; down 3.5%
• 733 stocks on the NSE trade with gains while 1,134 stocks are declining

• Gains as much as 18% to Rs 504
• Biggest single-day gain in three months
• Up for the third straight day
• Has gained 30% over the last three trading sessions
• Trading volumes are more than seven times its 20-day average
• Stock in overbought territory with Relative Strength Index (RSI) at 86
• Both analysts tracking the stock have a buy recommendation, as per Bloomberg

• Net sales up 9% at Rs 1,330.9 crore Vs Rs 1,220.2 crore
• Net loss narrows to Rs 19.7 crore from Rs 59.3 crore
• Ebitda up 49% at Rs 172.2 crore Vs Rs 115.6 crore
• Ebitda margin at 12.9% from 9.5%

• Nifty up 21 points at 15,335
• Sensex up 35 points at 52,195
• Nifty Bank down 0.5% at 37,103
• Nifty Midcap index up 0.1%
• Nifty Small cap index down 0.1%
• India Volatility Index up 0.9% to 21.7
• Nifty Metal index remains the top Nifty gainer; up 3.2%
• PSU Bank index off the day's high but remains 1.4% higher
• Nifty I.T. index is the top sectoral laggard; down 0.7%
• ONGC is the top Nifty gainer; up 5.2%
• Axis Bank remains the top Nifty laggard; down 2.4%
• 872 stocks on the NSE trade with gains while 972 trade with losses

• Nifty up 0.4% at 15,380
• Sensex up 0.3% at 52,318
• Nifty Bank gives up gains; down 30 points at 37,284
• Nifty Midcap index up 0.3%
• Nifty Small cap index up 0.1%
• India Volatility Index up 1.1% to 21.7
• Nifty Metal index is the top sectoral gainer; up 3%
• PSU Bank index is the other major gainer; up 1.7%
• Most other sectoral indices are trading little changed
• Tata Steel is the top Nifty gainer; up 4%
• Axis Bank is the top Nifty laggard; down 1.4%
• 1,006 stocks on the NSE trade with gains while 737 are declining

Indian equities have opened with a positive bias on Tuesday, echoing the sentiment across the Asia-Pacific, where markets are trading with strong gains.

The S&P BSE Sense has opened 0.5% higher at 52,400 while the NSE Nifty 50 index is up 0.4% at the start of trade at 15,371.

After a 1,300 point surge on Monday, the Nifty Bank has opened 0.5% higher at 37,492 while the PSU Bank index is up 2% on news reports of privatisation of various state-run lenders.

Among other sectoral indices, the Nifty I.T. index is up 0.5% while the Auto index has gained 0.4%.

Broader markets have opened in-line with the benchmark indices. The Nifty Midcap index is up 0.4% while the Small cap index is up 0.5% in the early minutes of trading.

1,199 stocks on the NSE have opened with gains while 406 are declining.

Good Morning!

Indian equities scaled new peaks on Monday, led by the financials. The Sensex, Nifty 50 and the Nifty Bank hit record highs. Eight of the top 10 Nifty gainers on Monday were financial stocks.

While the Sensex and Nifty have gained 12% so far this month, the Nifty Bank has outperformed the benchmarks, rallying 22% since the Union budget.

Futures, however, are indicating a flat start to Tuesday’s trading session. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, was little changed at 15,342 as of 8:05 a.m.

Nestle India is the last Nifty 50 company to report results on Tuesday, along with Varun Beverages and Schaeffler India.

Asian indices continued to extend their gains this morning. Japanese stocks outperformed, while those in Australia and South Korea saw more modest gains. The U.S. markets were shut overnight but futures on the Dow Jones are trading higher by 250 points.

Yield on the 10-year treasuries jumped to their highest in nearly a year, while oil prices traded around a 13-month high. West Texas Intermediate crude rose 1% to $60.08 per barrel, owing to supply disruptions in Texas.

Short on time? Well, then listen to this podcast for a quick summary of All You Need To Know before the opening bell.