Sensex, Nifty End Higher For Sixth Day Led By Autos, Metals
Catch all live updates on share prices, index moves, corporate announcements and more from Indian stock markets today.
Closing Bell
Indian equity markets ended higher for the sixth straight session, not before registering another record high.
The S&P BSE Sensex ended 0.3% higher at 47,746 while the NSE Nifty 50 index, came within 3 points of scaling the 14,000 mark before a slight cool-off in the final minutes of trade. The index eventually ended 0.35% higher at 13,981.
The outperformers in today's session were auto and metal stocks. Both the indices ended with gains of 1.3% each.
The other outperformers today were cement stocks. UltraTech, Grasim and Shree Cement were the top three gainers on the Nifty, ending with gains of 4.4% and 3% each respectively.
The Nifty Bank had a very volatile session. The index traded in a 500 point range and ended little changed at 31,303. Most of the other sectoral indices reversed from their respective intraday lows. The PSU Bank index, down 1.1% at one point ended 0.2% lower, as did the Nifty Pharma index, which declined by a similar quantum.
Broader markets were mixed today. The midcap index gained 0.2% while the Smallcap index ended with gains of 0.7%.
The India Volatility Index ended 1.5% higher at 21.11.
1,002 stocks on the NSE ended with gains while 859 stocks declined.
How Did The Sectoral Indices Fare
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CK Narayan On The Markets
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Markets At 2:10 P.M.
- Benchmark indices fluctuate between gains and losses
- Nifty up 23 points at 13,955
- Sensex up 75 points at 47,689
- Nifty Bank down 20 points at 31,300
- Nifty Midcap index down 0.2%
- Nifty Smallcap index up 0.3%
- India Volatility Index up 1.7% to 21.14
- Nifty Auto remains the top sectoral gainer; up 0.8%
- Nifty FMCG index up 0.4% while the Metal index gains 0.3%
- Nifty PSU Bank index remains the top sectoral laggard; down 0.6%
- UPL remains the top Nifty gainer; up 3.1%
- IndusInd Bank remains the top Nifty laggard; down 1.3%
- 918 stocks on the NSE trade with gains while 916 decline
Active Stock Options
- Reliance Industries' 2,000 Call: Premium down 27.7% to Rs 11.5. The contract has shed 6.6 lakh shares in Open Interest.
- Bajaj Finance's 5,300 Call: Premium up 17.2% to Rs 32. The contract has shed 1.3 lakh shares in Open Interest.
- ICICI Bank's 530 Call: Premium down 58.1% to Rs 2.2. The contract has shed 8.7 lakh shares in Open Interest.
In Focus: BHEL
Nifty Bank Falls Over 250 Points
Spending Boost
In Focus: RITES
Buzzing Stock: Praj Industries
- Among top performing stocks on the Nifty Smallcap index
- Gains as much as 8% to Rs 121
- Trading at the highest level since January this year
- Up for the sixth straight day
- Gains 20% in the last six trading sessions
- Stock in overbought territory with Relative Strength Index (RSI) at 72
- Five out of the six analysts tracking the stock have a buy recommendation
- The stock crossed its 12-month consensus price target of Rs 113.3 in today's session
Markets At Noon
- Benchmark indices continue to fluctuate between gains and losses
- Nifty unchanged at 13,932
- Sensex down 20 points at 47,594
- Nifty Bank down 0.5% at 31,163
- Nifty Midcap index down 0.2%
- Nifty Smallcap index up 0.4%
- India Volatility Index up 1.8% to 21.2
- PSU Bank index remains the top sectoral laggard; down 0.8%
- Nifty Realty and Nifty Pharma down 0.5% each
- Nifty Auto bucks the trend; up 0.7%
- Nifty Metal up 0.5% while I.T. and FMCG indices gain 0.2% each
- UPL remains the top Nifty gainer; up 3.3%
- Axis Bank and Sun Pharma are the top Nifty laggards; down 1.2% each
- 928 stocks on the NSE trade with gains while 876 are declining
In Focus: Banks
Bucking The Trend: Nifty Auto
Buzzing Stock: India Cements
- Top gainer on the Nifty Smallcap index
- Gains as much as 8.8% to Rs 157.8
- Biggest single-day gain since over a month
- Up in five out of the last six trading sessions
- Today's volumes are seven times its 20-day average
- One month implied volatility was 58%
- Two out of the 12 analysts tracking the stock have a buy recommendation; eight sell calls
- The stock trades 28.5% higher than its 12-month consensus price target of Rs 112.1
In Focus: UPL
In Focus: Coromandel International
Markets At 10:10 A.M.
- Benchmark indices fluctuate between gains and losses
- Nifty down 18 points at 13,913
- Sensex down 75 points at 47,539
- Nifty Bank down 0.4% at 31,205
- Nifty Midcap index down 0.2%
- Nifty Smallcap index down 0.1%
- India Volatility Index up 2.7% to 21.36
- PSU Bank index is the top sectoral laggard; down 1.1%
- Nifty Pharma index down 0.6% while Nifty Metal, Nifty Media and Nifty FMCG index decline 0.2% each
- Nifty Auto and Nifty I.T. trade with a positive bias
- UPL is the top Nifty gainer; up 3.3%
- State Bank of India is the top Nifty laggard; down 1.1%
- 806 stocks on the NSE trade with gains while 931 are declining
In Focus: Jyothy Laboratories
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Opening Bell
Indian equity markets opened higher for the sixth straight day, registering new record highs in the process.
The S&P BSE Sensex opened 0.4% higher at 47,789 while the NSE Nifty 50 index gained 0.35% at the start of trade to open at 13,980. The index has gained in 11 out of the last 12 trading sessions.
Among the sectoral indices, the Nifty Bank index opened with gains of 0.5% while the PSU Bank index was up 0.6% at the start of trade. FMCG, Media and Metal indices opened with gains between 0.4% and 0.5%.
Broader markets too have opened higher in today's session. The Midcap index is up 0.3% while the Smallcap index gained 0.4% at the start of trade.
1,183 stocks on the NSE have opened with gains while 416 stocks are declining.
Current Market Update
Sixth Day Of Gains?
Good Morning!
The penultimate day of the year may see the Nifty 50 scale the 14,000-mark, nearly doubling from its March low of 7,511. The 50-stock gauge ended 68 points shy of the level on Tuesday.
The futures and options data indicates that the 14,000 call strike for this Thursday’s expiry has close to 58 lakh shares in open interest. The index ended higher for the fifth straight day on Tuesday, despite reversing from its intra-day high of 13,967.
Futures are indicating a positive start to today’s trading session. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, rose 0.35% to 13,981 as of 6:55 a.m. on Wednesday.
For today’s session, Canara Bank is out of the F&O ban, while Punjab National Bank and Steel Authority of India Ltd. continue to stay in the ban.
Globally, Asian markets are mixed this morning after the U.S. equities pulled back from a record high overnight. Markets in Japan and Australia are declining, while those in Hong Kong and South Korea trade with gains.
Futures on the Dow Jones are trading with gains of 35 points. The index ended 0.2% lower on Tuesday.
West Texas Intermediate crude rose 0.5% to $48.23 per barrel, while gold rose 0.2% to $1,881.25/Oz.
Short on time? Well, then listen to this podcast for a quick summary of All You Need To Know before the opening bell.