Benchmarks Continue Record Run; Sensex 500 Points From 50,000
Catch all live updates on share prices, index moves, corporate announcements and more from Indian stock markets today.
Closing Bell
Indian equities had a volatile trading session but managed to eke out gains as banking stocks staged a rebound in the second half.
The S&P BSE Sensex ended 0.5% higher at 49,517. The index is now only 483 points away from the mark of 50,000. The NSE Nifty 50 index too ended with gains of 0.5% at 14,563. The index managed to reclaim the 14,500 mark after falling to an intraday low of 14,432.
Among the sectoral indices, the PSU Bank index had a sharp spike towards the final minutes of trade. The index ended 6% higher and was the top sectoral gainer in today's session. All constituents of the index ended higher and it ended at the highest level since February last year.
The Nifty Realty index too rose 2.8% in today's session, courtesy gains in DLF and other Mumbai-based realty players.
Indices like Nifty Bank, Nifty Auto and Nifty Media saw gains of over 1% each.
Among the laggards today were Pharma, I.T. and FMCG. The Pharma index was the top sectoral laggard, seeing cuts of 1.2%. The FMCG index fell 0.6% while the I.T. index, though little changed, ended with a negative bias.
Broader markets were mixed in today's session. The Midcap index outperformed, ending 0.7% higher while the Smallcap index ended little changed.
The India Volatility Index ended 2.1% higher at 22.85.
1,017 stocks on the NSE ended with gains while 873 stocks posted losses.
How Did The Sectoral Indices Fare
Realty Index Top Sectoral Gainer
Buzzing Stock: JSW Energy
- Top gainer on the Nifty Midcap index
- Trading at a 52-week high
- Gains as much as 13.3% to Rs 75.8
- Snaps two-day losing streak
- Today's volumes are seven times its 20-day average
- One-month implied volatility at 88%
- Stock enters overbought territory with Relative Strength Index (RSI) at 70
- 11 out of the 15 analysts tracking the stock have a buy recommendation; 0 sell calls
- The stock trades 7.5% higher than its 12-month consensus price target of Rs 66.7
Markets At Noon
- Benchmark indices continue to trade in a narrow range
- Nifty unchanged at 14,487
- Sensex down 80 points at 49,194
- Nifty Bank down 0.2% at 31,943
- Nifty Midcap index up 0.8%
- Nifty Smallcap index up 0.2%
- India Volatility Index up 2.5% to 22.94
- Nifty Realty is the top sectoral gainer; up 2.5%
- Nifty Auto index is the other major sectoral gainer; up 1.9%
- Nifty Metal and PSU Bank index gain over 1% each
- Nifty Pharma index is the top sectoral laggard; down 1%
- Tata Motors is the top Nifty gainer; up 10.4%
- Divi's Laboratories is the top Nifty laggard; down 2%
- 977 stocks on the NSE trade with gains while 863 decline
In Focus: Thyrocare
In Focus: Talbros Automotive
In Focus: Clean Coal Investments
In Focus: Sunteck Realty
Markets At 10:10 A.M.
- Benchmark indices fluctuate between gains and losses
- Nifty unchanged at 14,484
- Sensex down 75 points at 49,191
- Nifty Bank down 0.3% at 31,904
- Nifty Midcap index up 0.7%
- Nifty Smallcap index up 0.1%
- India Volatility Index up 2.7% to 23
- Nifty Metal index is the top sectoral gainer; up 1.8%
- Nifty Auto index gains 1% while PSU Bank index up 0.9%
- Nifty FMCG, I.T. and Pharma indices decline 0.4% each
- Tata Motors is the top Nifty gainer; up 7%
- Asian Paints is the top Nifty laggard down 1.8%
- 935 stocks on the NSE trade with gains while 841 decline
In Focus: HUL
Correction In Store?
Opening Bell
Indian equities have begun today's trading session little changed as sentiment across the Asia Pacific remains mixed.
The S&P BSE Sensex opened 41 points lower at 49,228 while the NSE Nifty 50 opened 11 points lower at 14,473.
Among the sectoral indices, the Nifty Bank has opened with declines of 0.5%, as is the PSU Bank index, while the Media index is up 0.4% at the start of trade.
Other indices have opened little changed.
Broader markets too are mixed at the start today's session. The Midcap index is down 0.1% while the smallcap index gained 0.3%.
803 stocks on the NSE have opened with gains while 744 are declining.
Current Market Update
A Subdued Start Likely
Good Morning!
Indian equities began the new trading week on a strong note, scaling another record high. The S&P BSE Sensex is now only 800 points away from the 50,000-mark. The Nifty Bank, too, is hovering near its all-time high.
Futures are indicating a subdued start to today’s trading session. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, fell 0.1% to 14,485 as of 8:00 a.m. on Tuesday.
Tata Motors will be in focus after commentary overnight from Jaguar Land Rover, courtesy which the stock's American Depository Receipt (ADR) ended 16% higher—the biggest single-day gain since May 2009.
Asian equities are mixed this morning after peers on Wall Street fell for the first time in five sessions. Shares rose in China, fell in South Korea while those in Hong Kong and Japan were steady.
Futures on the Dow Jones are currently trading little changed. The index fell 0.3% on Monday.
Yields on the 10-year treasuries stood at 1.15% — the highest since March. West Texas Intermediate crude was flat at $52.22 per barrel, while gold was steady at $1,844/Oz.
Short on time? Well, then listen to this podcast for a quick summary of All You Need To Know before the opening bell.