Sensex, Nifty Snap Three-Day Winning Streak; Broader Markets Outperform

Indian equities snapped a three-day winning streak, ending lower on the weekly options expiry session. Weakness was witnessed across the board, especially in banking and metal stocks.

The S&P BSE Sensex ended 1.1% lower at 50,846 while the NSE Nifty 50 declined 1.1% to end at 15,080. While the Sensex recovered 300 points, the Nifty recovered 100 points from their respective day's low.

Selling pressure was witnessed among all sectoral indices, barring the Nifty Media index, which ended as the only sectoral gainer in today's session. The index ended with gains of 1.6%.

The Nifty metal index was the top sectoral laggard, ending with losses of 2%. Three out of the top four Nifty laggards were Metal stocks.

Banking stocks were the other underperformers in today's session. The Nifty Bank fell over 550 points or 1.5% to end below the 36,000 mark while the PSU Bank index fell 0.7%.

Most of the other sectoral indices ended little changed or with a negative bias.

Broader markets not only outperformed the benchmarks in today's session but also ended higher. The Nifty Midcap index gained 0.5% while the Smallcap index rose 1.2% by the close of trading.

After a three-day drop, the India Volatility Index ended 9.3% higher at 24.15.

1,022 stocks on the NSE ended with gains while 862 stocks ended lower.

• Nifty down 0.6% at 15,147
• Sensex down 0.7% at 51,088
• Nifty Bank down 0.9% at 36,059
• Nifty Midcap index up 0.8%
• Nifty Smallcap index up 1.2%
• India Volatility Index up 6.4% to 23.5
• Metal index remains the top sectoral laggard; down 1.6%
• Media index remains the top sectoral gainer; up 2%
• Most other sectoral indices trade little changed
• Adani Ports remains the top Nifty gainer; up 3%
• JSW Steel remains the top Nifty laggard; down 3.1%
• 1,071 stocks on the NSE are trading with gains while 789 are declining

• Top gainer on the Nifty Smallcap index
• Gains as much as 14.6% to Rs 38.3
• Biggest single-day gain in three months
• Today's volumes are nearly 15 times its 20-day average
• Relative Strength Index (RSI) of the stock at 56
• 11 out of the 15 analysts tracking the stock have a buy recommendation; two sell calls
• Return potential of the stock as per Bloomberg data is 12.3%

• Top gainer on the Nifty Midcap index
• Gains as much as 9.2% to Rs 302
• Biggest single-day gain since June 2012
• Up for the third straight day
• Today's volumes are 42% higher than its 20-day average
• Stock in overbought territory with Relative Strength Index (RSI) at 82
• Out of the 32 analysts tracking the stock, 29 have a buy rating, one sell rating
• Return potential as per 12-month Bloomberg consensus data is 1.8%
• Motilal Oswal raised price target to Rs 400 from Rs 350

• Nifty down 0.7% at 15,142
• Sensex down 0.8% at 51,054
• Nifty Bank down 1% at 35,986
• Nifty Midcap index up 0.8%
• Nifty Smallcap index up 1.2%
• India Volatility Index up 5.8% to 23.4
• Nifty Metal remains the top sectoral laggard; down 1.6%
• Nifty Media index remains the top sectoral gainer; up 2.5%
• Most other sectoral indices are trading little changed after paring losses
• Adani Ports is the top Nifty gainer; up 3.5%
• JSW Steel remains the top Nifty laggard; down 2.7%
• 1,085 stocks on the NSE trade with gains while 716 are declining

• Wins advance purchase order worth Rs 25.46 crore per annum from BSNL
• Advance purchase order issued will be valid for a period of one year and further extendable by two years

• Nifty down 1.3% at 15,044
• Sensex down 1.4% at 50,747
• Nifty Bank down 2% at 35,618
• Nifty Midcap index up 0.1%
• Nifty Smallcap index up 0.5%
• India Volatility Index up 6.4% to 23.5
• Nifty Metal among the top sectoral laggards; down 2.1%
• Nifty Media is the only sectoral gainer; up 0.9%
• Nifty Auto index down 0.9% while Pharma index down 0.7%
• Adani Ports is the top Nifty gainer; up 2.1%
• JSW Steel is the top Nifty laggard; down 3.4%
• 44 out of the 50 index constituents decline
• 811 stocks on the NSE trading with gains while 927 decline

Indian equities have opened lower after three straight days of gains, starting the weekly options expiry session on a weak note.

The S&P BSE Sensex opened 1.2% lower at 50,812 while the NSE Nifty 50 index opened 1.4% or 220 points lower at 15,026.

All sectoral indices too have opened lower. The Nifty Bank index opened 800 points or 2.2% lower at 35,575 while the Metal index was also down 2.3% at the start of trading.

Indices like Nifty Auto, Nifty I.T. and the PSU Bank index opened with losses of over 1% each while the FMCG and Pharma indices saw declines of 0.5% each.

Broader markets too opened lower this morning. The Nifty Midcap index fell 0.9% while the Smallcap index was down 0.6% at the start of trade.

Good Morning!

Indian equities recovered all of Friday's losses to end higher for the third straight day on Wednesday.

The S&P BSE Sensex is now up over 2,300 points, higher than the 1,939-point drop it saw on Friday. The NSE Nifty 50, too, has recovered all of Friday's 568-point drop to end above 15,200.

Futures, however, are pointing to a gap-down opening to Thursday's weekly options expiry session. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, fell 1.5% to 15,064 as of 8:00 a.m.

Asian equities have opened lower this morning after an overnight surge in bond yields dragged stocks lower on Wall Street overnight. Benchmarks in Japan, Korea and Australia declined, as did those in Hong Kong and China.

Futures on the Dow Jones are trading 60 points lower. The index fell 0.4% on Wednesday.

Yield on the 10-year treasuries stood at 1.48% after a rise of nine basis points while West Texas Intermediate crude recovered losses to trade at $61.34 per barrel ahead of a crucial OPEC+ meeting later Thursday.

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