Sensex Ends Higher For Ninth Day; Metals, Autos Outperform
Catch all live updates on share prices, index moves, corporate announcements and more from Indian stock markets today.
Closing Bell
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.
How Did The Sectoral Indices Fare
December Auto Sales: Bajaj Auto
In Focus: BEML
Opening Bell
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.
Current Market Update
First Trading Week Of 2021
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.