New Highs For Sensex, Nifty, Nifty Bank As State-Run Lenders Outperform

Indian equities reversed losses on the weekly options expiry session to end higher for the fourth straight day, scaling new highs in the process.

The S&P BSE Sensex ended 0.7% higher at 50,614 while the NSE Nifty 50 index gained a similar quantum to end at 14,895. Both benchmarks made an intraday record of 50,687 and 14,913 respectively during the session. The Sensex and Nifty are now up over 9% for the week, set for their best weekly advance in 10 months.

The Nifty Bank traded in a 1,200 point range in today's session, finally closing the session with gains of close to 600 points at 35,344. The index advanced for the sixth straight day - its biggest winning streak in three months.

The outperformers of the session were PSU Banks with the index ending nearly 6% higher and close to a 52-week high. The 12-stock index has now gained over 23% during the last five trading sessions.

Other gainers in the session today were FMCG, Media and Metal stocks. The FMCG index ended 2.4% higher while the Media and Metal indices gained 2% each.

I.T. stocks were the only laggards in today's session, the index ending 0.4% lower.

Broader markets outperformed the benchmarks for the second day in a row. The Midcap index gained 1% while the Smallcap index rose 1.5% in today's session.

The India Volatility Index ended 2.6% lower at 23.1.

1,195 stocks on the NSE ended with gains while 690 declined.

• Net sales up 33% at Rs 68,659 crore Vs Rs 51,773 crore (BBG Estimate: Rs 55,122.7 crore)
• Net profit down 5% at Rs 2,354.6 crore Vs Rs 2,477.5 crore (BBG Estimate: Rs 1,867.2 crore)
• Ebitda down 8% at Rs 3,301.5 crore Vs Rs 3,603.9 crore (BBG Estimate: Rs 3,199.5 crore)
• Ebitda margin at 4.3% Vs 5.9%
• Average GRMs for nine months ended December $2.35 per barrel

• Revenue up 17% at Rs 1,496.7 crore Vs Rs 1,281.5 crore
• Net profit at Rs 100.8 crore Vs Rs 15.4 crore
• Ebitda doubles to Rs 147.5 crore Vs Rs 68.4 crore
• Ebitda margin at 9.9% Vs 5.3%
• Positive cash flow from operations at Rs 609 crore for 9MFY21
• Debt has reduced to Rs 441 crore from Rs 962 crore in March
• Order book as of January 1, 2021 at Rs 1,220 crore

• Nifty up 0.2% at 14,815
• Sensex up 0.1% at 50,294
• Nifty Bank down 30 points at 34,730
• Nifty Midcap index up 1%
• Nifty Smallcap index up 1.4%
• India Volatility Index down 3.7% to 22.9
• PSU Bank index is the top sectoral gainer; up 2.9%
• Nifty Metal index gains 2% while realty index is up 2.2%
• Nifty Media, FMCG and Auto indices gain between 1-1.4% each
• ONGC is the top Nifty gainer; up 4.8%
• IndusInd Bank is the top Nifty laggard; down 2%
• 1,279 stocks on the NSE trade with gains while 517 decline

• Revenue down 55% at Rs 170.5 crore Vs Rs 382.8 crore
• Net profit down 69% at Rs 14.3 crore Vs Rs 46.7 crore
• Ebitda loss of Rs 54.3 crore from Ebitda gain of Rs 42.3 crore

• Nifty down 0.4% at 14,736
• Sensex down 0.4% at 50,035
• Nifty Bank down 1.4% at 34,274
• Nifty Midcap index up 0.6%
• Nifty Smallcap index up 0.9%
• India Volatility Index down 1.7% to 23.34
• Nifty Auto is the top sectoral gainer; up 1.7%
• Nifty Metal index gains 1% while Metal and PSU Bank index gains 0.7% each
• Nifty Media index gains 0.75% while FMCG index gains 0.6%
• Mahindra & Mahindra is the top Nifty gainer; up 5.8%
• IndusInd Bank is the top Nifty laggard; down 3%
• 1,144 stocks on the NSE are trading with gains while 594 stocks decline

Indian equities begun the weekly options expiry session on a flat note, with little movement from Wednesday's closing levels.

The S&P BSE Sensex opened 43 points lower at 50,212 while the NSE Nifty 50 index was unchanged at 14,789.

Benchmarks are treading water as the three-day rally in global equities faded across the Asia Pacific this morning.

Among the sectoral indices, the Nifty Bank index has opened 0.6% lower while the Nifty Pharma index is up 0.5%.

Other indices are presenting a mixed picture, The Nifty FMCG and Metal indices are up 0.3% each while the Media index trades with a negative bias.

Broader markets have opened with modest gains. The Nifty Midcap index has opened 0.3% higher while the Smallcap index has gained 0.2% at the start of trade.

Good Morning!

Indian equities faced pressure at higher levels on Wednesday but managed to end with gains for the third straight day.

Both S&P BSE Sensex and NSE Nifty 50 have gained 8.5% so far this week, poised for their best weekly advance since April last year.

But futures are pointing to a subdued start to today's weekly options expiry session. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, was little changed at 14,837 as of 8:45 a.m. on Thursday.

Stocks like Bharti Airtel, Astral Poly, Prince Pipes, City Union Bank, Apollo Tyres, Indian Hotels, among others, may react to their quarterly results reported after market hours on Wednesday.

Three Nifty companies — Hero MotoCorp, NTPC and India's largest lender State Bank of India — will be report their results today, along with broader market firms like Avanti Feeds, Bajaj Electricals, Container Corporation, Dalmia Bharat, Prataap Snacks, Godrej Properties, HPCL, Praj Industries.

Asian shares have retreated this morning as a three-day global stock rally has faded. South Korean benchmarks accounted for bulk of the losses. Futures on the Dow Jones traded 30 points higher. The index ended with gains of 0.1% overnight.

West Texas Intermediate crude rose 0.9% to $56.2 per barrel, while gold fell 0.6% to $1,823/Oz.

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