Sensex, Nifty End Higher With Autos, Cement Stocks Outperforming

Indian equity markets staged a rebound, starting the new week and new month on a positive note. Auto, Cement and PSU stocks were among the top performers in today's session.

The S&P BSE Sensex ended 1.53% higher at 49,849 while the NSE Nifty 50 gained 1.6% to end at 14,761. All constituents on the Nifty 50 index, barring Bharti Airtel closed higher.

All sectoral indices barring the PSU Bank index ended with gains in today's session. The Nifty Media index was the top sectoral gainer, ending 4.3% higher, courtesy gains seen in Zee Entertainment.

The Nifty Auto index was the other major sectoral gainer, ending 2.4% higher, while Nifty Metal index ended with gains of close to 2%.

Nifty Pharma and the Nifty Bank index gained 1.4% each while the FMCG and I.T. indices saw gains of 1% each. The PSU Bank index was the only sectoral laggard, ending 0.4% lower.

Broader markets outperformed the benchmarks in today's session. The Nifty Midcap index ended 1.8% higher while the Smallcap index gained 2.1% at the close of trading.

India Volatility Index, after a 25% surge on Friday, declined 9% to end at 25.63.

1,285 stocks on the NSE ended with gains while 672 posted losses.

• Overall passenger vehicle sales up 41% at 15,391 units Vs 10,938 units
• Utility vehicle sales up 44% at 15,380 units Vs 10,675 units
• Three-Wheeler sales down 39% at 2,357 units Vs 3,843 units
• Exports down 1% at 1,827 units Vs 1,839 units
• Overall tractor sales up 25% at 28,546 units Vs 22,561 units
• Domestic tractor sales up 24% at 27,170 units Vs 21,877 units
• Tractor exports up 43% at 976 units Vs 684 units

Management Commentary:

• Demand remains buoyant for our range of SUVs and pick-ups
• Have a robust order pipeline
• Shortage of semi-conductors may continue for another 3-4 months.
• Tractor demand continues to remain robust and outlook for the industry remains positive

• Nifty up 1.2% at 14,696
• Sensex up 1.1% at 49,640
• Nifty Bank up 1.1% at 35,184
• Nifty Midcap index up 1.1%
• Nifty Smallcap index up 1.5%
• India Volatility Index down 5.7% to 26.5
• Nifty Media index is the top sectoral gainer; up 3.1%
• Nifty Auto index is the other major sectoral gainer; up 2.4%
• Nifty Metal index gains 1.6% while I.T. index is up 1.2%
• Nifty Realty and Nifty Pharma indices up 0.9% each
• Mahindra & Mahindra is the top Nifty gainer; up 5%
• 44 out of the 50 index constituents advance
• Bharti Airtel is the top Nifty laggard; down 4.2%
• 1,319 stocks on the NSE trade with gains while 543 decline

• Overall sales up 19% at 13,703 units Vs 11,475 units
• M&HCV truck sales up 50% at 7,336 units Vs 4,894 units
• M&HCV bus sales down 81% at 466 units Vs 2,474 units
• LCV sales up 44% at 5,901 units Vs 4,107 units

• Purchasing Managers Index for February at 57.5 from 57.7 in January and 54.5 in February 2020.
• Seventh straight month of expansion
• Reading above 50 signals expansion while less than 50 indicates contraction
• Output falls to 62.1 from 62.7 in January but expands for seventh straight month
• New orders fall as compared to the prior month.

• Overall sales up 11.8% at 1,64,469 units Vs 1,47,110 units
• Total domestic sales up 11.8% at 1,52,983 units Vs 1,36,849 units
• Exports up 11.9% at 11,486 units Vs 10,261 units
• Total PV + LCV sales up 9.9% at 1,47,483 units Vs 1,34,150 units
• Total domestic PV sales up 8.3% at 1,44,761 units Vs 1,33,702 units
• Mini + Compact segment sales up 7.3% at 1,04,476 units Vs 97,327 units

• Nifty up 1.45% at 14,739
• Sensex up 1.45% at 49,820
• Nifty Bank up 1.44% at 35,299
• Nifty Midcap index up 1.2%
• Nifty Smallcap index up 1.6%
• India Volatility Index down 6% to 26.45
• Nifty Auto is the top sectoral gainer; up 2.3%
• Nifty I.T. is the other major sectoral gainer; up 1.7%
• Nifty Media, Nifty Metal, Nifty Pharma and Nifty Realty trade with gains of over 1% each
• Mahindra & Mahindra is the top Nifty gainer; up 4.7%
• 48 out of the 50 Nifty constituents trade with gains
• Bharti Airtel is the top Nifty laggard; down 2.2%
• 1,385 stocks on the NSE trade with gains while 391 are declining

• Considering various options for raising funds through borrowings.
• Issuance of various debt securities in onshore / offshore securities market by public issue, on private placement basis or through issuing commercial papers are some of the options under consideration.
• Board may consider and approve issuance of debt securities in March.

• Overall sales up 6% at 3,75,017 units Vs 3,54,913 units
• Domestic sales down 2% at 1,64,811 units Vs 1,68,747 units
• Exports up 13% at 2,10,206 units Vs 1,86,166 units
• Overall two-wheeler sales up 7% at 3,32,563 units Vs 3,10,222 units
• Overall CV sales down 5% at 42,454 units Vs 44,691 units

• Overall sales up 30.6% at 11,230 units Vs 8,601 units
• Domestic sales up 32.8% at 10,690 units Vs 8,049 units
• Exports down 2.2% at 540 units Vs 552 units
• Tractor demand expected to continue to be strong on the back of positive macros and strong rural cash flows.
• Supply side situation is normal but rising inflation remains a worry.

Indian equities opened with strong gains, in-line with the rebound seen in global equities after a sharp fall on Friday.

The S&P BSE Sensex opened 1.3% higher at 49,747 while the NSE Nifty 50 opened 1.2% higher at 14,702. Both Sensex and Nifty are rebounding after their biggest single-day drop in nine months on Friday.

All sectoral indices have opened higher. The Nifty Bank index opened 600 points or 1.6% higher while the PSU Bank index was up 1.3%.

Other indices like Nifty Auto, Nifty Media and Nifty Metal opened with gains of over 1% each. The I.T. index was up 0.8% while the Pharma index gained 0.7% at the start of trading.

Broader markets opened in-line with the benchmark indices. The Nifty Midcap index opened 0.9% higher while the Smallcap index was up 1.2%.

Indian equities are likely to rebound from their worst drop in nine months. The decline on Feb. 26 also pushed the benchmarks to their second straight weekly loss.

Yet, the S&P BSE Sensex and the NSE Nifty 50 posted their best February in at least two decades. Most sectoral indices, too, reported their best February on record.

Futures are indicating a gap-up opening to Monday's trade. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, rose 1.5% to 14,746 as of 7:50 a.m.

Auto stocks will be in focus as companies begin to report sales for February. Brokerages are estimating a subdued performance, courtesy higher input costs and waning pent-up demand.

India will also report its manufacturing PMI data for February.

Equities in Japan, Hong Kong and Australia jumped this morning after sovereign bonds extended a rebound after last week's slide, which sparked a sell-off in global markets.

Futures on the Dow Jones are trading 250 points higher. The index fell 1.5% on Friday.

West Texas Intermediate crude is up 2.2% at $62.83 per barrel after Friday's 3.2% fall. Both Brent and WTI crude had their best first two months of the year on record.

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