Sensex, Nifty See Modest Gains; PSU Bank Index Jumps 7%

Indian equity markets posted yet another day of gains, although modest, amidst subdued global cues.

The S&P BSE Sensex ended 0.4% higher at 45,608 while the NSE Nifty 50 index ended 0.3% higher at 13,392. The Sensex gained for the fourth straight day while the Nifty advanced for the sixth straight session.

The outperformers of today's trading session were the PSU Banks. The PSU Bank index ended with gains of over 7% - which was its biggest single-day gain in six months. The index gained for the fourth straight day and rose to its highest level in nine months. Stocks like Canara Bank, Indian Bank gained nearly 20%, which was their biggest single-day advance since October 2017.

Other indices like the Nifty I.T. and Nifty Realty indices gained 0.8%. Among the laggards today were Nifty Metal and Nifty Pharma, both of which ended lower by 1.2% each.

Broader markets were little changed. Both Nifty Midcap and Nifty Smallcap indices ended little changed from Monday's levels.

India Volatility Index ended 3.3% higher at 18.61.

918 stocks on the NSE ended with gains while 980 posted losses.

• Benchmark indices set to post yet another day of gains
• Nifty up 0.4% at 13,403
• Sensex up 0.5% at 45,642
• Nifty Bank up 0.3% at 30,289
• Nifty Midcap index unchanged
• Nifty Smallcap index up 0.2%
• India Volatility Index up 3.5% to 18.66
• Nifty PSU Bank index remains the top sectoral gainer; up 4.8%
• Nifty Metal index remains the top sectoral laggard; down 1.5%
• Nifty Realty index up 0.9% while I.T. index gains 0.6%
• UltraTech Cement remains the top Nifty gainer; up 2.9%
• Adani Ports remains the top Nifty laggard; down 2.5%
• 888 stocks on the NSE trade with gains while 983 are declining

• Reliance Industries' 2,000 Call: Premium up 38% to Rs 78.4. The contract has shed 5.8 lakh shares in Open Interest.
• Maruti's 8,000 Call: Premium up 4.5% to Rs 168.4. The contract has added 60,300 shares in Open Interest.
• Infosys' 1,160 Call: Premium up 15.2% to Rs 36. The contract has added 14,400 shares in Open Interest.

• Benchmark indices pare gains; trade near the day's low
• Nifty up 11 points at 11,366
• Sensex up 0.2% at 45,511
• Nifty Bank down 0.2% at 30,155
• Nifty Midcap index down 0.3%
• Nifty Smallcap index down 0.7%
• India Volatility Index up 2.8% to 18.5
• Nifty PSU Bank index is off the day's high but remains the top sectoral gainer; up 1%
• Nift Metal is the top sectoral laggard; down 1.7%
• Nifty Media index falls 1.5% while Nifty Pharma index declines 1.2%
• UltraTech is the top Nifty gainer; up 2.1%
• Adani Ports is the top Nifty laggard; down 2.3%
• 36 out of the 50 index constituents decline
• 1,131 stocks on the NSE decline while 693 stocks gain

• Mutual Funds see net equity outflow of Rs 12,917.36 crore
• Mutual Funds see total inflow of Rs 27,194.1 crore
• November equity AUM up 6.3% month-on-month to Rs 8.3 lakh crore
• November MF Industry AUM up 5.3% month-on-month to Rs 29.83 lakh crore

• Benchmark indices trading near the day's high
• Nifty up for the sixth day; up 0.5% at 13,428
• Sensex up for the fourth day; up 0.6% at 45,706
• Nifty Bank up 0.2% at 30,264
• Nifty Midcap index up 0.75%
• Nfity Smallcap index up 0.6%
• India Volatility Index up 2.4% to 18.46
• Nifty PSU Bank index is the top sectoral gainer; up 2.5%
• Nifty Realty index is the other sectoral gainer; up 1%
• Nifty Auto index up 0.8% while I.T. index gains 0.5%
• Nifty Metal and Nifty Pharma are the only two sectoral laggards; down 0.6% and 0.4% respectively
• Reliance Industries is the top Nifty gainer; up 2.5%
• Sun Pharma is the top Nifty laggard; down 1.7%
• 1,167 stocks on the NSE trade with gains while 572 stocks decline

Indian equity markets have opened with modest gains in today's trading session, amidst subdued global cues.

The S&P BSE Sensex opened 0.3% higher at 45,568. The index opened higher for the fourth straight day. The NSE Nifty 50 index opened with gains for the sixth straight session, opening near the mark of 13,400 at 13,393 - up 0.3%.

Among sectoral indices, the Nifty Media index has opened 0.7% higher while the PSU Bank index is up 0.6%. The Nifty Metal index is up 0.4% while the Nifty Bank, Nifty Realty and Nifty FMCG index are up 0.3% each at the start of trade.

Broader markets are outperforming at the start of trade. The Nifty Midcap index is up for the eighth straight day, trading with gains of 0.9% while the Smallcap index is trading 0.8% higher at the start of trade.

1,331 stocks on the NSE are trading with gains while 296 stocks decline.

Good Morning!

The rally in Indian equities continued on Monday as well, with the NSE Nifty 50 ending higher for the fifth straight session. Both the Sensex and Nifty 50 touched another record high on the first trading day of the new week.

The broader markets, too, advanced. The Nifty Midcap and Nifty Smallcap indices rose to their highest in more than two years.

Futures, however, are indicating a flat start to today's trading session. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, was little changed at 13,408 as of 8:00 a.m. on Tuesday.

Canara Bank is the only stock that is in the F&O Ban for today's session. It will also be in focus for the launch of its QIP. In terms of options positions, the 13,500 call for this Thursday's expiry continues to command the highest open interest with over 30 lakh shares. The put base, however, has moved higher to the 13,200 strike, which now has 36 lakh shares in open interest.

Asian markets are drifting lower this morning with benchmarks in South Korea and Hong Kong declining. Japanese shares are fluctuating.

Futures on the Dow Jones are trading 80 points lower. The index fell 0.5% on Monday.

West Texas Intermediate crude fell 0.5% to $45.54 per barrel, while gold traded at $1,864.67/Oz.

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