Sensex, Nifty End At New Highs; Gain For Third Straight Day

Indian equities ended higher for the third straight day but witnessed some pressure at higher levels. Benchmarks continued their best rally in 10 months.The S&P BSE Sensex ended 0.9% higher at 50,255 while the NSE Nifty 50 index ended 1% higher at 14,789. The Sensex closed 270 points while the Nifty fell 80 points from their respective day's high.Among the sectoral indices, the Nifty Pharma index was the top performer in today's session, ending 2.8% higher, after gaining as much as 4% in early trade. The PSU Bank index was also on-par with the Pharma index, ending with gains of 2.6%. The Nifty Metal index gained 1.7% while the I.T. and Auto indices gained 1% each.The FMCG index was the underperformer in today's session, ending with a negative bias.Broader markets outperformed the benchmarks in today's session. The Nifty Midcap index ended 1.4% higher while the Smallcap index gained 1.2% in today's session.The India Volatility Index ended 1.7% higher at 23.7.1,165 stocks on the NSE ended with gains while 703 stocks posted losses..Revenue up 32% at Rs 827.4 crore Vs Rs 626.6 crore (BBG Estimate: Rs 692.2 crore)Net profit up 79% at Rs 77 crore Vs Rs 42.9 crore (BBG Estimate: Rs 53 crore)Ebitda up 91% at Rs 113.5 crore Vs Rs 59.4 crore (BBG Estimate: Rs 74.3 crore)Ebitda margin at 13.7% Vs 9.5%Electronics business revenue up 35% at Rs 207.4 crore Vs Rs 153.8 croreElectricals business revenue up 32% at Rs 363.4 crore Vs Rs 276.1 croreConsumer Durables business revenue up 31% at Rs 264.1 crore Vs Rs 202 crore.Revenue flat at Rs 1,057.2 crore Vs Rs 1,059.6 croreNet profit up 21% at Rs 125.1 crore Vs Rs 103.7 croreEbitda up 10% at Rs 278.6 crore Vs Rs 253.6 croreEbitda margin at 26.4% Vs 23.9%Same store sales growth of -1.7% Vs 5.9%Delivery channel growth up 18.5% while takeaway channel growth up 64.3%Opened 57 new stores - highest ever in a quarter, including 50 new Domino's storesOn track to open 110+ new Domino's stores in FY21.Will The Tyre Juggernaut Tire Down Or Keep Rolling?.Nifty up 1.4% at 14,858Sensex up 1.3% at 50,473Nifty Bank up 1.4% at 34,765Nifty Midcap index up 1.7%Nifty Small cap index up 1.5%India Volatility Index up 3.2% to 24.1Nifty Pharma remains the top sectoral gainer; up 3.8%Nifty Metal is the other major sectoral gainer; up 2.6%Nifty Auto index gains 1.8% while Nifty I.T. is up 1.5%PSU Bank and Media indices also trade with gains of over 1% eachIndusInd Bank is the top Nifty gainer; up 9.5%Shree Cement is the top Nifty laggard; down 1.5%1,256 stocks on the NSE are trading with gains while 587 decline.Top gainer on the Nifty Smallcap indexGains as much as 8.2% to Rs 346Snaps four-day losing streakToday's volumes are more than double its 20-day averageOne-month implied volatility at 123%Relative Strength Index (RSI) rebounds from oversold levels, now at 4610 out of the 12 analysts tracking the stock have a buy recommendation; 1 sell callReturn potential as per Bloomberg consensus data is 30.2%.Tata Consumer Stock Gains On Bullish Analyst Ratings.Revenue up 17% at Rs 247.3 crore Vs Rs 211.5 crore (BBG Estimate: Rs 227.9 crore)Net profit up 16% at Rs 58.2 crore Vs Rs 50 crore (BBG Estimate: Rs 54.9 crore)Ebitda up 16% at Rs 63.2 crore Vs Rs 54.3 crore (BBG Estimate: Rs 61 crore)Ebitda margin at 25.6% Vs 25.7%Dividend of Rs 6 per share.Large Private Banks Set For Next Leg Of Rerating, Says Morgan Stanley.Budget 2021: India’s Ambitious Budget Can Power Stocks Another 10% Higher.Nifty up 1% at 14,790Sensex up 0.9% at 50,238Nifty Bank up 0.8% at 34,540Nifty Midcap index up 1.4%Nifty Small cap index up 1.3%India Volatility Index up 2.5% to 24Nifty Pharma index remains the top Nifty gainer; up 3.6%Nifty Auto index gains 1.5% while Nifty Metal and I.T. index gain 1.4%IndusInd Bank remains the top Nifty gainer; up 8.6%42 out of the 50 index constituents advanceMaruti remains the top Nifty laggard; down 1.6%1,239 stocks on the NSE trade with gains while 553 stocks advance.Morgan Stanley Says Emerging Stocks May Have Peaked for the Year.Neuland Laboratories Shares Jump To Highest In Nearly Four Years.Ajanta Pharma Stock Jumps To Highest In Four Years Post Q3 Results.Nifty up 0.6% at 14,740Sensex up 0.6% at 50,101Nifty Bank up 0.4% at 34,420Nifty Midcap index up 1%Nifty Small cap index up 1.1%India Volatility Index up 1.4% to 23.67Nifty Pharma is the top sectoral gainer; up 2.6%Nifty I.T. is the other major gainer; up 1.3%Nifty Media, Metal and Realty trade with a negative bias, down 0.3% eachIndusInd Bank is the top Nifty gainer; up 8.7%Maruti is the top Nifty laggard; down 1.6%1,210 stocks on the NSE trade with gains while 515 are declining.Delhi High Court Orders Status Quo On Future Group-Reliance Retail Deal.Indian equities opened higher for the third straight day, even as sentiment across the Asia-Pacific is mixed. Investors are taking cues from the risk-on sentiment witnessed overnight on Wall Street.The S&P BSE Sensex surpassed its previous record high of 50,184 to open 0.9% higher at 50,231. The NSE Nifty 50 index has opened exactly at its previous record high of 14,754, with gains of 0.7%. Both benchmarks lodged their best two-day rally in 10 months on Tuesday.Among sectoral indices, the Nifty Auto index opened 1.1% higher and was the best performing sectoral index at the start of trade.The Nifty Bank and Nifty Pharma index gained 0.8% each while FMCG and PSU Bank indices gained 0.6% each in early trade.The Nifty Metal index was the underperformer as trading begun, little changed from Tuesday's levels.Broader markets have opened in-line with the benchmark indices. The Nifty Midcap and Small cap indices have both opened with gains of 0.7% each..Good Morning!Indian equities extended gains made on budget-day, ending close to their all-time intra-day highs.Both S&P BSE Sensex and the NSE Nifty 50 index saw their best two-day surge since April last year when markets had begun to rebound from the Covid-19 selloff.Futures are indicating a steady start to the mid-week trading session. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, rose 0.4% to 14,780 as of 7:55 a.m. on Wednesday.Stocks like Reliance Industries will be in focus on the back of news flow, while companies like Ajanta Pharma, Neuland Laboratories, PI Industries, Vinati Organics, among others, may react to their quarterly results reported after market hours on Tuesday.Bharti Airtel is the only Nifty 50 company to announce earnings today, along with non-Nifty names such as Apollo Tyres, Astral Poly, Bajaj Consumer, Jubilant Foodworks, Inox Leisure, Ramco Cement, Indian Hotels, V-Guard, VIP Industries, among others.Also in focus will be the Brookfield India REIT IPO, which opens for subscription on Wednesday.Most Asian equities are advancing, extending a global rally. Shares in Australia and Japan are outperforming, while those in China and Hong Kong trade with losses.Futures on the Dow Jones are currently trading 30 points higher. The index gained 1.6% on Tuesday.West Texas Intermediate crude rose 0.2% to $54.86 per barrel, the highest in over a year..Short on time? Well, then listen to this podcast for a quick summary of All You Need To Know before the opening bell.

Sensex, Nifty End At New Highs; Gain For Third Straight Day

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Some Pressure At Higher Levels

How Did The Sectoral Indices Fare