| Index | Prices | Change | Change% |
|---|---|---|---|
| Sensex | 85,102.69 | -609.68 | -0.71% |
| Nifty 50 | 25,960.55 | -225.90 | -0.86% |
| Nifty Bank | 59,238.55 | -538.65 | -0.90% |
| Biggest Gainer | Prices | Change | Change% |
|---|---|---|---|
| Tech Mahindra | 1,591.80 | 21.00 | +1.34% |
| Biggest Loser | Prices | Change | Change% |
|---|---|---|---|
| Interglobe Avi | 4,923.50 | -447.00 | -8.32% |
| Best Sector | Prices | Change | Change% |
|---|---|---|---|
| Nifty IT | 38590.70 | -113.00 | -0.29% |
| Worst Sector | Prices | Change | Change% |
|---|---|---|---|
| Nifty PSU Bank | 8146.10 | -235.65 | -2.81% |
We are witnessing a reversal in the dollar index, while political stability in the US and the probability of a further fiscal stimulus package has pushed the long-term US yields higher.
Moreover, there is a possibility that the Fed may reduce its bond-buying plan towards the end of this year, which could further push US yields higher and consequently hurt the rupee.
Back home, with RBI mopping up dollar inflows, the local currency can test 73.80 to 74 levels in the coming sessions.
We expect the rupee to trade in a broad range of 73 to 74.20 levels for the rest of this month.
Markets will first react to TCS numbers in early trades on Monday. Besides earnings, global cues and updates on vaccine drive will also remain in focus.
At present, the rotational buying across the sectors is helping the index to inch higher and we suggest aligning positions according to the trend.
However, traders should avoid going overboard and keep a check on leveraged positions.
Technically, the Nifty index has been trading in a rising broadening formation and the upper band of the pattern currently lies around 14,500, which may act as an immediate hurdle.
IT and auto stocks pulled their weight today ahead of TCS earnings as bulls went berserk, lifting indices by 1.5 percent buoyed by positive global cues. An array of high-quality mid-caps across sectors registered smart gains as mood remained buoyant through the day.
Equity benchmarks Sensex and Nifty settled at fresh closing highs boosted by gains in sectors led by IT and auto.
Nifty hit its fresh record high of 14,367.30 while the Sensex hit a record high of 48,854.34.
The rally in the market was broad-based as the Midcap and Smallcap indices clocked gains of about a percent.
BSE Midcap hit a fresh record high of 19,161.20 while the Smallcap index hit an intraday high of 18,984.69. The Smallcap index is still about 1,200 points below its all-time high of 20,183.45 that it hit on January 15, 2018.
Sensex closed 689 points, or 1.43 percent, up at 48,782.51 and Nifty settled 210 points, or 1.48 percent, up at 14,347.25.
BSE Midcap and Smallcap indices closed 1.01 percent and 0.72 percent higher, respectively.
Today's rally in the market was not confined to just a few sectors as most sectoral indices logged healthy gains.
Nearly 500 stocks, including Jammu & Kashmir Bank, Borosil Renewables, Majesco, Ujaas Energy and Greenpanel Industries, hit their upper circuits on BSE.
More than 460 stocks, including Asian Paints, HCL Tech, Infosys, Mahindra & Mahindra, Maruti Suzuki, Sun Pharma, TCS, Tech Mahindra and UltraTech Cement, hit their 52-week highs.
Indian equities were trading with strong gains in the afternoon of January 8, with benchmarks the Sensex jumping over 500 points and Nifty surpassing 14,300 mark.
Market benchmarks Sensex and Nifty hit their fresh record highs of 48,629.12 and 14,302.10, respectively.
The rally in the market was broad-based as midcap and smallcap indices rose in sync with the benchmarks, both clocking gains of over a percent each.
The BSE Midcap hit a fresh high of 19,161.20, while the smallcap index hit an intraday high of 18,984.69. The smallcap index is about 1,200 points below its all-time high of 20,183.45, which it hit on January 15, 2018.
More than 450 stocks, including Mahindra & Mahindra, Sun Pharma, Tech Mahindra and UltraTech Cement, hit their 52-week highs on BSE.
At 1435 hours, the Sensex was 532 points, or 1.11 percent, up at 48,625.60 and the Nifty was 159 points, or 1.13 percent, up at 14,296.55.
Gold prices traded down with COMEX spot gold prices fell below USD 1,890 per ounce on Friday losing more than 1 percent. Gold February future contract at MCX were trading down to Rs 50,242 per 10 grams with fall in COMEX prices. We expect gold prices to trade down with COMEX gold resistance at USD 1,910, support at USD 1,860. MCX Gold February support lies at Rs 49,700 with resistance at Rs 50,400.
: Consolidated net profit at Rs 16.8 crore against Rs 8.1 crore (YoY). Consolidated revenue was up 9.1 percent at Rs 131.7 crore against Rs 120.7 crore (YoY). Consolidated EBITDA was up 41.5 percent at Rs 30.7 crore against Rs 21.7 crore (YoY). Consolidated EBITDA margin stood at 23.3 percent against 18 percent (YoY).
: Net equity outflow at Rs 13,121 crore against Rs 13,003 crore outflow (MoM). Liquid fund inflow at Rs 5,102 crore against Rs 8,415.2 crore outflow (MoM).ETF inflow at Rs 6,832 crore against Rs 641 crore inflow (MoM). Credit risk outflow at Rs 190.4 crore against Rs 15.4 crore outflow (MoM). Corp bond fund inflow at Rs 8,610 crore against Rs 11,093 crore inflow (MoM). Total assets under management at Rs 31.02 lakh crore against Rs 30 lakh crore (MoM). Hybrid fund outflow at Rs 5,932 crore against Rs 5,249.2 crore outflow (MoM). Total debt scheme inflow at Rs 13,863 crore against Rs 44,984 lakh crore inflow (MoM).
