Taking Stock | Nifty Ends 1st Session Of 2021 Above 14k
The Nifty PSU Bank index rose over 3 percent, while Auto and IT indices rose 0.8 percent each.... Read More
| Index | Prices | Change | Change% |
|---|---|---|---|
| Sensex | 83,216.28 | -94.73 | -0.11% |
| Nifty 50 | 25,492.30 | -17.40 | -0.07% |
| Nifty Bank | 57,876.80 | 322.55 | +0.56% |
| Biggest Gainer | Prices | Change | Change% |
|---|---|---|---|
| Shriram Finance | 816.35 | 23.85 | +3.01% |
| Biggest Loser | Prices | Change | Change% |
|---|---|---|---|
| Bharti Airtel | 2,001.20 | -93.70 | -4.47% |
| Best Sector | Prices | Change | Change% |
|---|---|---|---|
| Nifty Metal | 10426.80 | 144.90 | +1.41% |
| Worst Sector | Prices | Change | Change% |
|---|---|---|---|
| Nifty Infra | 9393.60 | -95.20 | -1.00% |
Indian markets are relentlessly scaling new highs with Nifty-50 breaching the 14,000 level and BSE Sensex close to the 48,000 mark. Global cues have remained positive for most Asian markets with MSCI Emerging Markets reporting 2.9% gains this week. India’s benchmark indices Nifty-50 and BSE Sensex have gained ~1.7% each this week.
Big Nifty-50 gainers this week which were up more than 5% are JSW Steel, Tata Motors & IndusInd Bank. In spite of lesser participation from FIIs, the Nifty-50 gave a strong closing on the monthly expiry day. The robust FII flows of ~USD 7.3 bn in December and strong closing on expiry indicates bullish rollovers for January expiry. The macro numbers like GST collection and current account surplus are also supportive from an economy perspective. Expect the Nifty-50 to go somewhere mid way of the 14,000 to 15,000 range in January.
With a hope that 2021 will be a year of economic recovery, market is touching all-time highs on a daily basis. Stocks across sectors cheered with mid & small caps at the forefront. The combined effect of foreign inflows and real earnings growth can keep the market rallying going forward.
Indian rupee erased intraday gains and ended at day's low at 73.12 per dollar, amid buying seen in the domestic equity market.It opened flat at 73.09 per dollar against Thursday's close of 73.07 and traded in the range of 73.02-73.13.
Markets ended in the Green on the First Day of the New Year buoyed by record GST collections and we saw a host of stocks buzzing around in the broader market weeks ahead of the Earnings Season. TCS led the rally with the Auto numbers providing the momentum as a number of companies announced price hikes today.
Benchmark indices ended the first day of 2021 on the positive note with Nifty comfortably settle above 14,000 level.
At close, the Sensex was up 117.65 points or 0.25% at 47,868.98, and the Nifty was up 36.70 points or 0.26% at 14,018.50. About 1998 shares have advanced, 940 shares declined, and 163 shares are unchanged.
Adani Ports, ITC, TCS, M&M and SBI were among major gainers on the Nifty, while losers were ICICI Bank, SBI Life Insurance, Hindalco, HDFC Bank and Titan Company.
Except Nifty Bank, other sectoral indices ended in the green led by the PSU Bank and Auto. BSE Midcap and Smallcap indices rose 0.9 to 1.2 percent.
Rupee traded in a very tight range of 73.15-73.01 as the holiday season kept muted participation in Forex. With the new year kicking in the range will start to broaden towards 72.45-73.55 in coming sessions.
NTPC has executed agreement for a composite resolution plan with lenders of Ratnagiri Gas & Power (RGPPL), a Joint Venture Company of NTPC engaged in generation of Power, and RGPPL, wherein outstanding debt liabilities of RGPPL have been settled through one time settlement (OTS) by NTPC.
As a part of the resolution plan, 35.47% of equity held by lenders (IDBI, ICICI, SBI, IFCI and Canara Bank) in RGPPL have been transferred to NTPC. Consequent upon the resolution plan of RGPPL, NTPC equity shareholding in RGPPL has increased from 25.51% to 60.98% on 31.12.2020.
Company's total sales fell 57.85 percent at 1,728 units against 4,100 units, YoY.
Company's total sales declined 7 percent at 509 units versus 549 units, YoY.
The Metallurgical and Material Handling (MMH) business of L&T Construction has secured EPC orders of Coal Processing plants in the domestic market and a prestigious Engineering & Procurement Project for a Metallurgical plant overseas. The business has also secured new orders from its various customers for products and an add on order from its existing customer.
Infosys will announce results for the third quarter ended December 31, 2020 on January 13, 2021 around 3:45 p.m. Indian Standard Time (IST).
