Sensex, Nifty Post Longest Winning Streak In Over A Month

Indian equities ended higher for the sixth day in a row as sentiment continued to remain risk-on, post the Union Budget presentation last week.

The S&P BSE Sensex ended 1.2% higher at 51,348 while the NSE Nifty 50 ended above the mark of 15,000 for the first time ever, gaining 1.3% to close at 15,115. Both benchmark indices lodged new record highs in today's session.

The Sensex has risen close to 5,000 points in the last six trading sessions, while the Nifty has gained close to 1,500 points.

Among the sectoral indices, the Nifty Bank index failed to hold the mark of 36,000 for the second day in a row, but ended higher for the eighth straight day, with gains of 0.9%.

The outperformers in today's session were Autos and Metal stocks, with both the respective indices ending with gains of over 3% each.

The PSU Bank index and the FMCG index were the only laggards in today's session. The index of state-run banks ended 1% lower while the FMCG index declined 0.5%.

Broader markets outperformed the benchmarks in today's session. Both Nifty Midcap and Nifty Small cap ended with gains of 1.5% each.

The India Volatility Index rose 2.3% to end at 23.96.

1,164 stocks on the NSE ended with gains while 746 stocks ended lower.

• Gains as much as 6.4% to Rs 216.7
• Trading at the highest since May 2019
• Biggest single-day gain in over two months
• Today's volumes are quadruple its 20-day average
• Stock in overbought territory with Relative Strength Index (RSI) at 71
• 20 out of the 26 analysts tracking the stock have a 'buy' recommendation; 2 sell calls
• Return potential of the stock as per Bloomberg data is 3.6%

• Benchmark indices poised for longest winning streak in a month
• Nifty up 1.5% at 15,143
• Sensex up 1.5% at 51,474
• Nifty Bank up 1.4% at 36,152
• Nifty Midcap index up 1.7%
• Nifty Small cap index up 1.7%
• India Volatility Index up 2.5% to 24
• Nifty Auto index remains the top sectoral gainer; up 2.5%
• Nifty Metal and Nifty I.T. indices gain over 2% each
• Nifty Realty gains 1.9% while Nifty Media index gains over 1%
• Mahindra & Mahindra remains the top Nifty gainer; up 6.7%
• Britannia remains the top Nifty laggard; down 1.8%
• 1,220 stocks on the NSE trade with gains while 665 decline

• Nifty up 1.3% at 15,117
• Sensex up 1.3% at 51,390
• Nifty Bank up 1.6% at 36,232
• Nifty Midcap index up 1.5%
• Nifty Small cap index up 1.7%
• India Volatility Index up 3% to 24.1
• Nifty Auto and Nifty Realty are the top sectoral gainers; up 2.4% each
• Nifty Metal index gains 2% while I.T. and Media indices gain 1% each
• PSU Bank index is the only sectoral laggard; down 0.3%
• Mahindra & Mahindra remains the top Nifty gainer; up 6.5%
• 43 out of the 50 index constituents trade with gains
• Britannia is the top Nifty laggard; down 1.3%
• 1,246 stocks on the NSE trade with gains while 581 are declining

• Sixth day of gains for Sensex, Nifty
• Nifty up 1.2% at 15,095
• Sensex up 1.2% at 51,327
• Nifty Bank up 1.7% at 36,267
• Nifty Midcap index up 1.3%
• Nifty Smallcap index up 1.2%
• India Volatility Index up 2.5% to 24
• Nifty Auto index is the top sectoral gainer; up 2.6%
• Nifty Realty index gains 1.4% while Metal index is up 1.1%
• Mahindra & Mahindra is the top Nifty gainer; up 7.5%
• 43 out of the 50 index constituents are advancing
• UPL is the top Nifty laggard; down 1%
• 1,266 stocks on the NSE trade with gains while 481 are declining

Indian equities opened higher for the sixth straight day, extendng gains from their best weekly advance in 10 months.

The S&P BSE Sensex opened 0.8% higher at 51,146 while the NSE Nifty 50 index opened above the mark of 15,000 at 15,064, up 1%.

Among the sectoral indices, the Nifty Bank index opened with gains of over 400 points or 1.2% above the mark of 36,000 while the PSU Bank index also gained 1.3% at the start of trade.

Nifty I.T. and Nifty Media indices were up 1% each while Metals and Pharma indices gained 0.7% each.

Broader markets have opened in-line with the benchmark indices. The Nifty Midcap index opened 0.9% higher while the Smallcap index gained 0.9% at the start of trade.

Good Morning!

Indian equities reported their best week in 10 months on Friday, led by banking stocks. Sentiment remained risk-on post the Union Budget as the NSE Nifty 50 index not only crossed the 14,000 mark, but also hit 15,000 intraday in the same week.

State Bank of India was the top index gainer last week, gaining more than 40% -- the most since March 1992.

Futures are indicating another positive start to today's session. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, rose 0.6% to 15,028 as of 7:55 a.m. on Monday.

Divi's Laboratories, Britannia Industries, Affle India, JK Cement, among others, may react to their quarterly results.

BPCL is the only Nifty 50 company to report earnings today, along with non-Nifty 50 stocks like Aditya Birla Fashion, Balkrishna Industries, Balaji Amines, Torrent Pharma, among others.

In the Asia-Pacific, the Topix index was on course for its highest close since 1991. Futures on the Dow Jones are trading with gains of over 120 points.

West Texas Intermediate crude rose 1.1% to $57.45 per barrel, while gold was flat at $1,814.39/Oz.