Sensex Ends Higher For Ninth Day; Metals, Autos Outperform

Indian equities staged a sharp recovery from the day's low to end near the highest point of the day, and lodging yet another record high.The S&P BSE Sensex ended 0.64% higher at 48,176. This was the ninth straight day of gains for the index. The NSE Nifty 50 index too gained 0.8% to close above the mark of 14,100 at 14,132.Among the sectoral indices, Metal stocks outperformed its peers by a long way, with the Metals index ending with gains of 5.1%. The index now trades at the highest since November 2018. What also ended at a two-year high is the Auto index, which gained 1.6% in today's session.The Nifty I.T. index extended its winning run, gaining 2.7% today to end at another record high. Other indices like Nifty Pharma and the PSU Bank index ended with gains of 1% each. The Nifty Bank index underperformed in today's session, ending little changed.Broader markets outperformed in today's session, with the Midcap index ending 1.4% higher while the Smallcap index gained 1.2%.India Volatility Index ended with gains of 2.3% at the mark of 20.1,361 stocks on the NSE ended with gains while 580 stocks posted losses..Gold Roars Out of the Blocks in ‘21 as Dollar, Real Yields Hurt.Faster than expected recovery seen in consumer sentiment in IndiaWitnessed strong performance across its portfolioGeneral trade continues to grow healthily and rural markets are staying ahead of urbanE-commerce continued to do well, Modern trade fared better while CSD continued to declineDouble-digit volume growth in the India businessParachute coconut oil delivered ahead of its medium-term aspirationsFoods portfolio continued to witness exponential growth in-line with near-term aspirationsInternational business saw high single-digit constant currency growth led by double-digit growth in BangladeshSaw price hikes across both parachute and Saffola edible oil portfoliosExpect to deliver healthy profit growth on the back of various cost optimisation initiativesMaintain an optimistic outlook for the rest of the year..Benchmark indices fluctuate between gains and lossesNifty up 0.5% at 14,087Sensex up 0.4% at 48,040Nifty Bank down 0.45% at 31,089Nifty Midcap index up 1%Nifty Smallcap index up 1%India Volatility Index up 3.2% to 20.2Nifty Metal remains the top sectoral gainer; up 3.4%Nifty I.T. is the other major gainer; up 2.2%Nifty Pharma and Nifty Auto index gain 1.2% eachHindalco is the top Nifty gainer; up 5%Hero MotoCorp is the top Nifty laggard; down 1.8%1,348 stocks on the NSE trade with gains while 556 are declining.TCS' 3,000 Call: Premium up 56% to Rs 108.9. The contract has added 8,700 shares in Open Interest.Tata Steel's 700 Call: Premium up 110.8% to Rs 18.4. The contract has added 1.8 lakh shares in Open Interest.Infosys' 1,300 Call: Premium up 20% to Rs 44.4. The contract has added 1.6 lakh shares in Open Interest..India’s PLI Scheme To Boost Bulk Drug Output Faces These Hurdles.Top gainer on the Nifty Midcap indexGains as much as 6.2% to Rs 105.3Trading at the highest level since December 2018Up for the third straight dayToday's volumes are almost quadruple its 20-day averageOne-month implied volatility at 50%33 out of the 46 analysts tracking the stock have a buy recommendation; 3 sell callsThe stock trades 8.1% higher than its 12-month consensus price target of Rs 96.3.PLI Scheme: Minda Industries’ Suggestion To Bring Rs 1 Lakh Crore Business Home.Here’s Why Metal Stocks Are Rallying In Trade.Benchmark indices pare gains; trade little changedNifty up 14 points at 14,031Sensex down 10 points at 47,856Nifty Bank down 0.3% at 31,129Nifty Midcap index up 0.5%Nifty Smallcap index up 0.6%India Volatility Index up 4.1% to 20.4Nifty Metal index is the top sectoral gainer; up 2.7%Nifty Pharma and Nifty I.T. index up 0.8% eachNifty Realty is the top sectoral laggard; down 1%Hindalco remains the top Nifty gainer; up 4%Kotak Mahindra Bank remains the top Nifty laggard; down 1.3%1,223 stocks on the NSE trade with gains while 638 decline.Reliance Says It Has Nothing To Do With Farm Laws.Shares Of Federal Bank, CSB Bank, Karur Vysya Bank Surge After Quarterly Business Updates.Jefferies Expects Nifty 50 To Hit 15,800 By 2021-End; Suggests 10 Stock Picks.Why Vedanta May Desperately Need A BPCL.Benchmark indices trade with gains; Sensex up for the ninth day in a rowNifty up 0.5% at 14,088Sensex up 0.45% at 48,082Nifty Bank up 0.7% at 31,442Nifty Midcap index up 1%Nifty Smallcap index up 0.8%India Volatility Index up 1.1% to 19.8Nifty Metal index is the top sectoral gainer; up 2.4%PSU Bank index is the other major gainer; up 1.3%Nifty I.T. index gains 0.9% while FMCG and Auto index up 0.7% eachHindalco is the top Nifty gainer; up 3.2%44 out of the 50 index constituents advanceKotak Mahindra Bank is the top Nifty laggard; down 0.7%1,443 stocks on the NSE trade with gains while 359 stocks are declining.India Seeks Expressions of Interest for Stake in State-Run BEML.Indian equity markets have opened the first full trading week of 2021 on a positive note, registering new record highs in the process.The S&P BSE Sensex has opened 0.5% higher at 48,109 while the NSE Nifty 50 index has opened above the mark of 14,100, gaining 0.6% to 14,104.Among the sectoral indices, the Nifty Media and the PSU Bank index have opened with gains of over 1% while the Metal index has gained 1%.The Nifty Bank and Nifty Auto index has gained 0.8% at the start of trade while the I.T. index is up 0.6%.Broader markets too have opened higher. The Nifty Midcap index is up 0.8% while the Smallcap index gained a similar quantum at the start of trade.1,429 stocks on the NSE are trading with gains while 301 stocks are declining..Good Morning!The first full trading week of 2021 begins today. The Sensex so far has gained for nine straight weeks—the first time since April 2010. New Year’s day saw domestic investors turning buyers for the second time in as many months.Futures are indicating a gap-up opening for Indian equities in today’s session. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, rose 0.7% to 14,115 as of 7:55 a.m. on Monday.Lots of stocks will be in focus today on the back of auto sales, divestment related newsflow, along with quarterly business updates as fourth-quarter earnings season is just around the corner.Japanese equities are underperforming this morning as Tokyo reported a new daily record of Covid-19 cases. Shares rose in Australia and South Korea and edged lower in Hong Kong.Futures on the Dow Jones have pared losses and are now trading little changed. Most global markets were shut on the first day of the new year.West Texas Intermediate crude rose 0.4% to $48.71 per barrel, while gold rose 1% to $1,917.7/Oz..Short on time? Well, then listen to this podcast for a quick summary of All You Need To Know before the opening bell.

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Sensex Ends Higher For Ninth Day; Metals, Autos Outperform

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