New Highs For Sensex, Nifty As Banks, Financials Outperform

Indian equities began the new trading week on a strong note, courtesy outperformance from private financials as well as PSU Banks.

The S&P BSE Sensex ended 1.2% higher, closing above the mark of 52,000 for the first time ever at 52,154. The NSE Nifty 50 index also gained 1% to close at 15,314. Both Sensex and the Nifty ended at a record high.

Among the sectoral indices, it was banks and financials that led the gains. The Nifty Bank index ended 1,200 points or 3.3% higher to close above the 37,000 mark at 37,306. Eight out of the top 10 and the top seven gainers on the Nifty 50 index were financial names.

The PSU Bank index also gained 2.3% in today's session, led by a late surge in State Bank of India. The Nifty Realty index was the other major sectoral gainer, ending with gains of 1.5%.

Most other sectoral indices were little changed in today's session. The Media, Metal and Pharma indices ended with a negative bias, declining 0.3%-0.4%.

Broader markets were mixed in today's session. The Nifty Midcap index ended 1.3% higher while the Small cap index underperformed, ending 0.4% higher.

The India Volatility Index fell 2.6% to end at 21.5.

1,074 stocks on the NSE ended with losses while 845 managed to eke out gains.

• Nifty up 0.9% at 15,303
• Sensex up 1.1% at 52,093
• Nifty Bank up 2.5% at 37,012
• Nifty Midcap index up 1.4%
• Nifty Small cap index up 0.7%
• India Volatility Index down 0.5% to 21.9
• Nifty Realty is among the top sectoral gainers; up 2.5%
• PSU Bank index gains 1.7% while other indices are trading little changed
• Axis Bank is the top Nifty gainer; up 3.9%
• SBI Life remains the top Nifty laggard; down 2.1%
• 914 stocks on the NSE trade with gains while 982 stocks decline

• Gains as much as 7.5% to Rs 1,020
• Biggest single-day gain in nearly five months
• Up for the seventh straight day
• Longest winning streak in three months
• Has gained 21% in the last seven trading sessions
• Today's volumes are quadruple its 20-day average
• Stock in overbought territory with Relative Strength Index (RSI) at 78
• Four out of the five analysts tracking the stock have a buy recommendation, as per Bloomberg
• The stock crossed its 12-month Bloomberg consensus price target of Rs 1,002.7 in today's session

• Nifty up 0.9% at 15,300
• Sensex up 1% at 52,080
• Nifty Bank up 1.9% at 36,782
• Nifty Midcap index up 1.2%
• Nifty Smallcap index up 0.8%
• India Volatility Index down 1.1% to 21.8
• Nifty Realty index is the top sectoral gainer; up 2.2%
• PSU Bank index gains 1.1% while Auto index gains 0.5%
• Bajaj Finance is the top Nifty gainer; up 3.1%
• Grasim is the top Nifty laggard; down 1.7%
• 993 stocks on the NSE trade with gains while 851 stocks decline

• Nifty up 0.8% at 15,280
• Sensex up 0.9% at 51,993
• Nifty Bank up 1.5% at 36,662
• Nifty Midcap index up 0.9%
• Nifty Smallcap index up 0.7%
• India Volatility Index down 0.9% to 21.8
• Nifty Realty index gains 0.9% while PSU Bank index rose 0.8%
• Nifty FMCG and I.T. indices gain 0.5% each
• Axis Bank is the top Nifty gainer; up 2.7%
• SBI Life is the top Nifty laggard; down 1.1%
• 1,064 stocks on the NSE trade with gains while 730 decline

Indian equities scaled new highs at the start of the new trading week, echoing sentiment across the Asia-Pacific.

The S&P BSE Sensex opened 0.7% higher at 51,907 while the NSE Nifty 50 index gained a similar quantum to open at 15,270.

For the month, both Sensex and Nifty are up over 11% as of closing on Friday.

Among the sectoral indices, the Nifty Bank index gained another 400 points or 1.1% to open above the 36,500 mark. The PSU Bank index along with the Nifty Media index also gained a percent each at the start of trade.

Other indices like the Nifty Auto, Nifty I.T. and Nifty Metal gained 0.6% each.

Broader markets too have opened higher today. The Nifty Midcap and Nifty Smallcap indices have opened with gains of 0.6% each.

Good Morning!

Indian equities posted gains last week after consolidating in a range for four out of the five trading sessions.

The S&P BSE Sensex and NSE Nifty 50 have gained more than 11% so far this month -- their best in February since 1996. FPIs have poured in excess of Rs 22,000 crore into India's markets following the positive sentiment surrounding the Union Budget.

Futures are pointing to a positive start to the new week. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, rose 0.6% to 15,253 as of 7:50 a.m. on Monday.

With the earnings season for the quarter ended December in its final leg, stocks like ONGC, Vodafone Idea, Info Edge, Phoenix Mills, among others, may react to their results reported after market hours on Friday and over the weekend.

Asian equities are trading higher with South Korean shares outperforming this morning. The Nikkei 225 index touched the 30,000 mark for the first time since 1990.

Futures on the Dow Jones are trading with gains of 130 points. The index eked out modest gains on Friday.

Markets in China, Hong Kong and Taiwan remain shut, while those in the U.S. will be closed today on account of Presidents' Day.

The U.S. dollar was little changed, while Bitcoin approached the $50,000 mark.

West Texas Intermediate rose 1.9% to $60.58 per barrel as an arctic freeze gripped parts of the U.S.

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