Sensex, Nifty End Higher For Second Day; Broader Markets Outperform
Catch all live updates on share prices, index moves, corporate announcements and more from Indian stock markets today.
Closing Bell
Indian equity markets continued their rebound from Monday's losses, ending higher for the second straight day with buying seen across the board.
The S&P BSE Sensex ended nearly 1% higher at 46,444 while the NSE Nifty 50 index ended above the mark of 13,600, up 1% at 13,601. Both the benchmarks have now recovered nearly 2% of Monday's 3% decline.
Among the sectoral indices, Media and Realty were the outperformers in today's session. The Nifty Realty index gained nearly 4% while the Media index rose 3.3%.
The Nifty I.T. index continued its winning run, gaining 2.4% to end at another record high. The PSU Bank index gained 2.1% while the FMCG index rose 1.9%.
Broader markets outperformed in today's trading session. The Nifty Midcap index ended 2.4% higher while the Smallcap index rose 2.7% ahead of the weekly options expiry session tomorrow.
The India Volatility Index fell 6.8% to 20.5.
1,603 stocks on the NSE ended with gains while 303 reported losses.
How Did The Sectoral Indices Fare
Markets At 2:10 P.M.
- Benchmark indices trade at the day's high
- Nifty up 0.65% at 13,554
- Sensex up 0.63% at 46,928
- Nifty Bank up 0.7% at 29,823
- Nifty Midcap index up 1.9%
- Nifty Smallcap index up 2.3%
- India Volatility Index down 2.6% at 21.4
- Nifty Realty remains the top sectoral gainer; up 3.7%
- Nifty I.T. trading at a record high; up 2.3%
- Nifty Media up 2.1% while Nifty PSU Bank index up 1.7%
- Wipro remains the top Nifty gainer; up 5.3%
- Divi's Laboratories remains the top Nifty laggard; down 1.4%
- 1,560 stocks on the NSE trade with gains while 303 decline
Active Stock Options
- Infosys' 1,240 Call: Premium up 70% to Rs 26.3. The contract has added 1.68 lakh shares in Open Interest.
- Wipro's 400 Call: Premium up 275% to Rs 2.25. The contract has shed 4.5 lakh shares in Open Interest.
- Reliance Industries' 2,000 Call: Premium down 9.2% to Rs 19.25. The contract has added 1.9 lakh shares in Open Interest.
In Focus: Larsen & Toubro
Potential Wealth Creators For Next 25 Years
In Focus: Cardiac Therapy
Buzzing Stock: City Union Bank
- Second best performer on the Nifty Midcap index
- Gains as much as 8.4% to Rs 185.8
- Biggest single day gain since November
- Snaps four-day losing streak
- Today's volumes are double its 20-day average
- Relative Strength Index (RSI) of the stock at 55
- Rebounds from 50-DMA support at 170.8
- 17 out of the 27 analysts tracking the stock have a buy recommendation; 2 sell calls
- The stock crossed its 12-month consensus price target of Rs 177.67 in today's session
Media Stocks Among Top Gainers
Markets At Noon
- Benchmark indices trade near the day's high
- Nifty up 0.5% at 13,534
- Sensex up 0.5% at 46,244
- Nifty Bank up 0.5% at 29,775
- Nifty Midcap index up 1.6%
- Nifty Smallcap index up 2.1%
- India Volatility Index down 1.1% to 21.75
- Nifty Realty remains the top sectoral gainer; up 3.7%
- Nifty Media index gains 2.1%
- Nifty PSU Bank index up 1.3% while Auto index gains 1.1%
- Wipro remains the top Nifty gainer; up 4.3%
- Divi's Laboratories is the top Nifty laggard; down 1.1%
- 1,487 stocks on the NSE are trading with gains while 319 are declining
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Realty Index Top Gainer
In Focus: Bajaj Auto
Markets At 10:10 A.M.
- Benchmark indices trade with modest gains
- Nifty up 0.3% at 13,510
- Sensex up 0.3% at 46,142
- Nifty Bank up 0.1% at 29,654
- Nifty Midcap index up 1.3%
- Nifty Smallcap index up 2.1%
- India Volatility Index down 0.5% to 21.88
- Nifty Realty is the top sectoral gainer; up 3.2%
- Nifty Auto index up 1.3% while Nifty I.T. up 1%
- Nifty Media up 0.9% while Pharma and PSU Bank indices up 0.8% each
- Wipro is the top Nifty gainer; up 2.4%
- Divis Laboratories is the top Nifty laggard; down 0.8%
- 1,441 stocks on the NSE trade with gains while 292 decline
Most & Least Favoured Among FPIs
In Focus: Wipro
Opening Bell
Indian equity markets have opened on a subdued note as sentiment across the globe remains cautious ahead of a potential Covid-19 vaccine.
The S&P BSE Sensex has opened 0.1% higher at 46,072 while the NSE Nifty 50 index opened with gains of 7 points at 13,473. Both benchmarks recovered at least one-third of Monday's losses in Tuesday's trading session.
Among sectoral indices, the Nifty I.T. index continues to extend its gains. The index has opened at another record high, with gains of 0.75%.
Other indices like the Nifty Bank has opened 0.2% lower while the PSU Bank index is down 0.4%. Indices like media and metal are little changed.
Broader markets are outperforming at the start of trade today. The midcap index is up 0.8% while the Smallcap index is up 0.4%.
Current Market Update
A Subdued Start Likely
Good Morning!
Indian equities managed to recover a third of the losses it posted on Monday as foreign investors resumed their buying ahead of the holiday season.
IT stocks were the biggest contributors to the gains on Tuesday. The Nifty IT index ended at a record high. HCL Technologies Ltd., Tech Mahindra Ltd. and Infosys Ltd. were among the top five gainers on the Nifty 50. Infosys and Wipro will also remain in focus today on the back of deals signed.
Futures, however, are indicating that today’s session may open with a negative bias. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, fell 0.4% to 13,432 as of 7:55 a.m. on Wednesday.
Globally, Asian equities have pared gains as the U.S. stock futures declined this morning after outgoing U.S. President Donald Trump said he is asking the Congress to amend the pandemic aid legislation.
Futures on the Dow Jones are currently trading 130 points lower. The index fell 0.7% on Tuesday.
West Texas Intermediate crude fell 1% to $46.55 per barrel, while gold rose 0.3% to $1,866.22/Oz.
Short on time? Well, then listen to this podcast for a quick summary of All You Need To Know before the opening bell.