Record Close For Nifty, Sensex; Auto Index Ends Near Two-Year High

Indian equity markets ended the first session of this truncated week on a strong note. Benchmark indices ended at a record high with gains witnessed across the board.

The S&P BSE Sensex ended 1.15% higher at 44,655 while the NSE Nifty 50 index ended 1% higher at 13,099. 37 out of the 50 index components ended with gains in today's session, led by GAIL, which rose over 8% - its biggest single-day gain since March this year.

Among sectoral indices, the realty index was the top performer in today's session, ending with gains of over 3.3% and at the highest level since March this year.

PSU Bank index too outperformed, ending with gains of 2.9%.

The Nifty I.T. and Nifty Pharma indices gained 1.8% and 1.7% respectively while Nifty Media and Nifty Metal index rose over 1.5% each in today's session.

Broader markets rose mostly in-line with the benchmarks. The Nifty Midcap index ended 1% higher, the highest since August 2018 while the Smallcap index gained 0.9% to end at the highest level since May 2019.

India Volatility Index was little changed in today's session, ending at 19.77.

1,254 stocks on the NSE ended with gains while 640 stocks posted losses.

• Benchmark indices trade at the day's high
• Nifty up 0.9% at 13,086
• Sensex up 1% at 44,578
• Nifty Bank up 0.8% at 29,833
• Nifty Midcap index up 0.7%
• Nifty Smallcap index up 1%
• India Volatility Index up 4.9% to 20.78
• Nifty Realty is the top sectoral gainer; up 2.8%
• Nifty PSU Bank is the other major sectoral gainer; up 2.6%
• Nifty Phrma index up 2% while Media and I.T. index gain over 1% each
• GAIL remains the top Nifty gainer; up 6.6%
• Nestle India remains the top Nifty laggard; down 2.1%
• 1,230 stocks on the NSE trade with gains while 585 are declining

• Benchmark indices advance after falling to the day's low
• Nifty up 0.4% at 13,018
• Sensex up 0.4% at 44,336
• Nifty Bank unchanged at 29,634
• Nifty Midcap index up 0.6%
• Nifty Smallcap index up 0.8%
• India Volatility Index up 3.5% to 20.5
• Nifty Realty is the top sectoral gainer; up 2.6%
• Nifty PSU Bank index is the other sectoral gainer; up 1.4%
• Nifty Metal, Nifty I.T. index gain close to 1% each
• GAIL is the top Nifty gainer; up 5%
• 41 out of the 50 Nifty constituents advance
• Nestle India is the top Nifty laggard; down 2%
• 1,186 stocks on the NSE are trading with gains while 546 decline

Indian equity markets have opened the truncated week on a strong note. Global sentiment is positive, despite a negative closing on Wall Street on Monday.

The S&P BSE Sensex opened 0.65% higher at 44,435 while the NSE Nifty 50 index was back above the mark of 13,000, opening 0.7% higher at 13,062.

For the sectoral indices, the Nifty Pharma and Nifty Metals index were the top performers at the start of trade, with gains of 1.5% each. The Nifty Auto and FMCG index gained 1.2% while the Realty index was up 1% on opening.

Broader markets too have opened in-line with the benchmarks. The Nifty Midcap index is up 1% while the Smallcap index gained 0.8%.

1,103 stocks on the NSE are trading with gains while 511 are declining.

Good Morning!

The Nifty 50 posted its best monthly gain since April this year, clocking double-digit gains as it scaled an all-time high. It was also the best November for the index since 2005.

Indian equities will resume trading after a holiday on Monday, and futures are pointing towards a subdued start to the truncated week. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, was little changed at 12,998 as of 7:45 a.m. on Tuesday.

A slew of economic data such as auto sales for November and Manufacturing PMI will be in focus as the new month begins. The market may also react to GDP data released after market hours on Friday. The Indian economy contracted for the second straight quarter, albeit at a slower pace, plunging into a technical recession.

Globally, Asian markets are trading higher this morning, with benchmark indices in Japan, Australia and South Korea advancing. Gains in Hong Kong are more modest.

Futures on the Dow Jones are trading higher by 200 points. The index ended 0.9% lower on Monday.

West Texas Intermediate crude fell 0.6% to $45.06 per barrel, while gold rose 0.2% to $1,780.3/Oz.

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