Sensex, Nifty End Off The Day’s Low Led By Rebound In Autos, Pharma

Indian equities had another volatile, rangebound session to end with modest losses for the second straight session.

The S&P BSE Sensex ended 20 points lower at 51,309 while the NSE Nifty 50 ended little changed at 15,106.

Among the sectoral indices, the Realty index was the top performing sectoral index in today's session, ending with gains of 1.6%. The Auto index ended 1% higher while the Nifty Pharma index ended with gains of 0.7%.

The Nifty Bank index was the laggard in today's session, ending 0.7% lower while other sectoral indices ended little changed.

Broader markets outperformed in today's session. The Nifty Midcap index gained 0.8% while the Smallcap index rose 0.7% at the close of trade.

India Volatility Index fell 1.6% to end at 23.88.

919 stocks on the NSE ended with gains while 971 stocks ended with losses.

• Revenue up 19% at Rs 2,828.3 crore Vs Rs 2,371 crore
• Net profit up 7% at Rs 532.6 crore Vs Rs 498.7 crore
• Ebitda up 13% at Rs 672.1 crore Vs Rs 592.3 crore
• Ebitda margin at 23.8% Vs 25%

• Net sales up 13% at Rs 15,454.3 crore Vs Rs 13,642.8 crore
• Net profit up 20% at Rs 1,487.3 crore Vs Rs 1,239.7 crore
• Ebitda up 43% at Rs 1,919.5 crore Vs Rs 1,338.2 crore
• Ebitda margin at 12.4% Vs 9.8%
• Natural Gas revenue up 5% at Rs 1,613.5 crore Vs Rs 1,540 crore
• LPG revenue up 3% at Rs 175.3 crore Vs Rs 169.5 crore
• Natural Gas Marketing revenue up 13% at Rs 11,903.4 crore Vs Rs 10,506.7 crore
• Petchem revenue up 15% at Rs 1,936.6 crore Vs Rs 1,684.7 crore

• Nifty down 0.4% at 15,040
• Sensex down 0.5% at 51,059
• Nifty Bank down 1.2% at 35,607
• Nifty Midcap index up 0.1%
• Nifty Small cap index up 0.4%
• India Volatility Index up 0.7% to 24.45
• Nifty Realty index is the top sectoral gainer; up 1% while auto index gains 0.4%
• PSU Bank index is the other sectoral laggard; down 0.7%
• Other indices trade flat or with a negative bias
• Bajaj Finserv remains the top Nifty gainer; up 3.1%
• Adani Ports remains the top Nifty laggard; down 1.7%
• 775 stocks on the NSE trade with gains while 1,087 stocks decline

• Revenue up 17% at Rs 927.1 crore Vs Rs 793.8 crore (BBG Estimate: Rs 865.5 crore)
• Net profit up 77% at Rs 153.7 crore Vs Rs 87 crore (BBG Estimate: Rs 124 crore)
• Ebitda up 63% at Rs 226.2 crore Vs Rs 138.8 crore (BBG Estimate: Rs 183.7 crore)
• Ebitda margin at 24.4% Vs 17.5%
• Revenue and profit at all-time high

• Net Interest Income down 9% at Rs 3,739.5 crore Vs Rs 4,118 crore
• Net profit of Rs 540.7 crore Vs Rs 105.5 crore
• Gross NPA at 13.25% Vs 13.79% (QoQ)
• Net NPA at 2.46% Vs 2.89% (QoQ)
• Proforma gross and Net NPA at 14.59% and 3.73% respectively
• Provisions at Rs 1,980.1 crore Vs Rs 2,312.3 crore (QoQ) and Rs 4,015.2 crore (YoY)
• Additional provisions worth Rs 510 crore for Covid-19
• Provision divergence worth Rs 394 crore

• Nifty up 100 points from the day's low; trading 10 points lower at 15,100
• Sensex up 300 points from the day's low; trading 50 points lower at 51,281
• Nifty Bank down 0.2% at 35,990
• Nifty Midcap index up 0.4%
• Nifty Small cap index up 0.7%
• India Volatility Index up 1% to 24.5
• Nifty Realty remains the top sectoral gainer; up 1.6%
• Most other sectoral indices are trading flat
• Bajaj Finserv is the top Nifty gainer; up 4%
• Adani Ports remains the top Nifty laggard; down 3.1%
• 891 stocks on the NSE trade with gains while 901 stocks decline

• Nifty down 0.2% at 15,084
• Sensex down 0.2% at 51,230
• Nifty Bank down 0.4% at 35,917
• Nifty Midcap index up 0.1%
• Nifty Small cap index up 0.6%
• India Volatility Index up 1.8% to 24.7
• Most sectoral indices trade flat
• Nifty Realty index trades with gains of 1% while Auto index declines 0.5%
• SBI Life is the top Nifty gainer; up 2.4%
• Adani Ports is the top Nifty laggard; down 2.7%
• 988 stocks on the NSE trade with gains while 756 are declining

Indian equities opened little changed in mid-week trade after snapping a six-day gaining streak in the final minutes of Tuesday's session.

The S&P BSE Sensex opened 27 points higher at 51,355 while the NSE Nifty 50 index was up 10 points at the start of trade at 15,119.

Most sectoral indices have also opened flat in today's session. The Metal index is up 1% while the Media index is up 0.4%. Other indices are little changed.

Broader markets have opened higher as compared to the benchmarks. The Nifty Midcap index is up 0.4% while the Small cap index is up 0.5% in the early minutes of trade.

1,052 stocks on the NSE opened with gains while 466 are trading lower.

Good Morning!

Indian equities snapped a six-session winning streak on Tuesday after a near 10% jump since the start of February.

The S&P BSE Sensex fell more than 500 points from the day's high, while the NSE Nifty 50 dropped 150 points.

Futures, however, are indicating a start with gains to Wednesday’s session. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, rose 0.35% to 15,170 as of 8:15 a.m.

Tata Steel, Akzo Nobel, Mahanagar Gas, among others, may react to their quarterly results reported after market hours on Tuesday.

Four Nifty 50 companies — Eicher Motors, GAIL, Hindalco and Titan — will announce their earnings on Wednesday, along with broader market stocks such as Aurobindo Pharma, Bata, BEML, Happiest Minds Technologies and Indraprastha Gas.

Asian equities have pushed higher after a muted start to the morning trade. Markets in Hong Kong are leading the advance, while China's markets will remain shut for a week due to the Lunar New Year holiday.

Futures on the Dow Jones are trading 100 points higher. The index ended little changed on Tuesday.

West Texas Intermediate crude traded flat at $58.29 per barrel, while bitcoin pulled back from its record high.