Sensex, Nifty End Little Changed; Small Caps Outperform
Catch all live updates on share prices, index moves, corporate announcements and more from Indian stock markets today.
Current Market Update
How Did The Sectoral Indices Fare
Buzzing Stock: Indian Bank
- Among top gainers on the Nifty Smallcap index
- Gains as much as 9.8% to Rs 98.8
- At the day's high, it traded at the highest level in 11 months
- Today's volumes are more than six times its 20-day average
- One-month implied volatility at 69%
- Stock heading towards overbought territory with Relative Strength Index (RSI) at 67
- 7 out of the 11 analysts tracking the stock have a buy recommendation; 0 sell calls
- The stock trades 11% higher than its 12-month Bloomberg consensus price target
Pharma Stocks Gain
Markets At 2:10 P.M.
- Benchmark indices recover from the day's low; trade with modest gains
- Nifty up 25 points at 14,590
- Sensex up 80 points at 49,580
- Nifty Bank down 20 points at 32,553
- Nifty Midcap index down 0.2%
- Nifty Smallcap index up 0.4%
- India Volatility Index down 1.4% to 23
- Nifty Metal is the top sectoral laggard; down 1%
- Nifty I.T. recovers from the day's low; now up 0.2%
- PSU Bank index and FMCG index gain 0.6% each
- UPL is the top Nifty gainer; up 4%
- HCL Technologies remains the top Nifty laggard; down 2.1%
- 901 stocks on the NSE trade with gains while 938 stocks decline
SIAM Data
Active Stock Options
- Infosys' 1,460 Call: Premium down 51.7% to Rs 11.9. The contract has added 15.2 lakh shares in Open Interest.
- Tata Steel's 750 Call: Premium down 13% to Rs 12.3. The contract has added 1.44 lakh shares in Open Interest.
- Reliance Industries' 1,800 Call: Premium up 11.6% to Rs 178. The contract has shed 5,750 shares in Open Interest.
Vinayak Chatterjee's Budget Expectations
In Focus: SREI Group
Valuation Concerns?
PSU Bank Index Up For Third Day
In Focus: GTPL Hathway
Markets At Noon
- Benchmark indices fluctuate between gains and losses
- Nifty up 7 points at 14,572
- Sensex up 20 points at 49,511
- Nifty Bank up 30 points at 32,606
- Nifty Midcap index trades little changed
- Nifty Smallcap index up 0.3%
- India Volatility Index down 0.4% to 23.2
- Nifty I.T. off the day's low but is the top sectoral laggard; down 0.8%
- Nifty Metal also off the day's low but down 0.7%
- Nifty FMCG is the top sectoral gainer; up 0.7%
- PSU Bank index gains 0.6% while Media and Auto index up 0.3% each
- UPL is the top Nifty gainer; up 4.4%
- HCL Technologies is the top Nifty laggard; down 3.1%
- Four out of the top five Nifty laggards are I.T. stocks
- 899 stocks on the NSE trade with gains while 898 stocks decline
In Focus: IndusInd Bank
- Promoters say that they are fully committed to making the payment to the bank of the balance amount due on the warrants, on or before February 18, 2021.
- Shares gained as much as 4% to Rs 980.7 - the highest level since March 2020.
I.T. Index Off The Day's Low
In Focus: HAL
In Focus: SAIL
Markets At 10:10 A.M.
- Benchmark indices trade with modest losses
- Nifty down 0.3% at 14,517
- Sensex down 0.3% at 49,341
- Nifty Bank little changed at 32,609
- Nifty Midcap index trades little changed
- Nifty Smallcap index trades little changed as well
- India Volatility Index up 0.2% to 23.34
- Nifty I.T. index is the top sectoral laggard; down 1.7%
- Nifty Metal is the other major laggard; down 1%
- Nifty Pharma index down 0.4% while PSU Bank index up 0.3%
- IndusInd Bank is the top Nifty gainer; up 3.9%
- Wipro is the top Nifty laggard; down 3.1%
- 736 stocks on the NSE trade with gains while 1,007 stocks decline
In Focus: Infosys
Opening Bell
Indian equities have begun the weekly options expiry session on a subdued note, opening with a negative bias on the benchmark indices.
The S&P BSE Sensex opened 60 points lower at 49,432 while the NSE Nifty 50 index fell 15 points at the start of trade to 14,550.
Most sectoral indices too have opened flat, other than the Nifty I.T. index, which has declined 0.7% in the early minutes of trading. The Media index is up 0.5% while the Auto index has gained 0.3%.
Broader markets have opened with modest gains this morning. The Midcap index is up 0.2% while the Smallcap index has gained 0.4% at the start of trade.
Weekly Options Expiry Session
Good Morning!
The Sensex remains 500 points shy of scaling 50,000 as Indian equities ended flat on Wednesday.
The Nifty Bank ended at a record high despite selling pressure in Reliance Industries Ltd., HDFC Ltd., and Bajaj Finance Ltd.
Futures are indicating a subdued start to the weekly options expiry session today. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, rose 0.2% to 14,600 as of 7:40 a.m. on Thursday.
Stocks like Infosys, Wipro, 5Paisa Capital and GTPL Hathway may react to their quarterly results reported after market hours on Wednesday. Non-Nifty 50 firms like RIIL, Den Networks and Tata Steel Long Products will report their results today.
Japanese markets are outperforming this morning, while other equities across the Asia-Pacific are mixed. The treasury yields are showing signs of stabilising after the recent retreat.
Futures on the Dow Jones are currently trading with gains of 80 points. The index ended flat on Wednesday, while the Nasdaq outperformed, courtesy gains in IT stocks.
West Texas Intermediate crude was off the day's low, down 0.1% at $52.86 per barrel, while gold rose 0.3% to $1,849/Oz.
Short on time? Well, then listen to this podcast for a quick summary of All You Need To Know before the opening bell.