Moneycontrol PRO
you are here: HomeNewsBusiness
Live now
auto refresh
August 13, 2021 / 03:35 PM IST

Closing Bell: Sensex, Nifty end at record closing high; IT stocks outperform

Except pharma, all other sectoral indices ended in the green with IT index added 1 percent. BSE Midcap and Smallcap indices ended flat.

  • IndexPricesChangeChange%
    Sensex58,490.93-524.96 -0.89%
    Nifty 5017,396.90-188.25 -1.07%
    Nifty Bank37,145.70-666.25 -1.76%
    Nifty 50 17,396.90 -188.25 (-1.07%)
    Mon, Sep 20, 2021
    Biggest GainerPricesChangeChange%
    HUL2,800.3578.10 +2.87%
    Biggest LoserPricesChangeChange%
    Tata Steel1,253.10-132.80 -9.58%
    Best SectorPricesChangeChange%
    Nifty FMCG41169.70370.80 +0.91%
    Worst SectorPricesChangeChange%
    Nifty Metal5309.00-374.85 -6.60%


  • August 13, 2021 / 04:16 PM IST

    Ajit Mishra, VP - Research, Religare Broking:

    The bulls continued to dominate as the benchmark indices scaled to new highs led by strength in IT majors. The mood was upbeat from the beginning, thanks to favourable global cues and supportive macroeconomic data viz. IIP and CPI inflation. Noticeable buying in the IT majors combined with support from other index majors further boosted the momentum. Finally, the Nifty index ended higher by 1% at 16,529 levels. Amongst the sectors, except Realty and Healthcare, all the other indices ended with gains. The broader indices underperformed as both midcap and smallcap ended in the red.
     
    Markets are taking comfort from the upbeat global markets and supportive domestic cues amid the fear of a third COVID wave. However, we’re now seeing restricted participation and expect the same trend to continue, at least in the near future. We thus advise continuing with the “buy on dips” approach but focus largely on index majors and select midcaps for long trades.

  • ADVERTISEMENT
  • August 13, 2021 / 03:40 PM IST

    Ashis Biswas, Head of Technical Research at CapitalVia Global Research:

    The market witnessed the continuation of the positive trend, after sustaining above the level of 16350. The market has breached an important resistance level of 16500. If the market sustains above the level of 16500, the market expects to gain momentum, leading to an upside projection till 16700-16750 level. The momentum indicators like RSI and MACD to stay positive and market breadth to improve, further strengthening a short-term bullish outlook.

  • August 13, 2021 / 03:34 PM IST

    Market Close: Indian benchmark indices rallied 1 percent hitting fresh record levels led by the IT, metal and FMCG names.

    At close, the Sensex was up 593.31 points or 1.08% at 55,437.29, and the Nifty was up 164.70 points or 1.01% at 16,529.10. About 1412 shares have advanced, 1583 shares declined, and 81 shares are unchanged.

    Tata Consumer Products, TCS, L&T, Bharti Airtel and HCL Technologies were among major gainers on the Nifty, while losers were Eicher Motors, Dr Reddy’s Labs, Cipla, Power Grid Corp and Britannia Industries.

    Except pharma, all other sectoral indices ended in the green with IT index added 1 percent. BSE Midcap and Smallcap indices ended flat. 

  • August 13, 2021 / 03:23 PM IST

    MOIL Q1 earnings:

    The company has reported a net profit at Rs 61.8 crore versus Rs 1.9 crore and revenue was up 92.6% at Rs 293.3 crore versus Rs 152.3 crore, YoY.

    MOIL was quoting at Rs 183.05, up Rs 7.45, or 4.24 percent on the BSE.

  • ADVERTISEMENT
  • August 13, 2021 / 03:16 PM IST

    Grasim Industries Q1 earnings:

    The company's standalone net profit was at Rs 481.6 crore agaisnt loss of Rs 282.9 crore and revenue was at Rs 3,762.7 crore versus Rs 1,335.7 crore, YoY.

    Grasim Industries was quoting at Rs 1,502.65, up Rs 10.30, or 0.69 percent on the BSE.

  • August 13, 2021 / 03:09 PM IST

    European stocks head for record run as summer rally rolls on

    European stocks hit new highs on Friday and were on course for a record-breaking run, capping another strong week as investors seize on a dip in US inflation and more forecast-beating corporate earnings.

  • August 13, 2021 / 03:06 PM IST

    Bharat Dynamics Q1 results:

    The company has posted net loss at Rs 21 crore versus loss of Rs 78 crore and revenue was at Rs 128.6 crore versus Rs 37.1 crore, YoY.

    Bharat Dynamics was quoting at Rs 383.25, down Rs 1.60, or 0.42 percent on the BSE.

  • August 13, 2021 / 03:02 PM IST

    Market at 3 PM

    Benchmark indices extended the gain in the final hour of trading with Nifty above 16500.

    The Sensex was up 611.14 points or 1.11% at 55455.12, and the Nifty was up 168.60 points or 1.03% at 16533. About 1456 shares have advanced, 1504 shares declined, and 100 shares are unchanged.

      Market at 3 PM  

 Benchmark indices extended the gain in the final hour of trading with Nifty above 16500. 

 The Sensex was up 611.14 points or 1.11% at 55455.12, and the Nifty was up 168.60 points or 1.03% at 16533. About 1456 shares have advanced, 1504 shares declined, and 100 shares are unchanged.
  • ADVERTISEMENT
  • August 13, 2021 / 02:53 PM IST

    Gold Updates:

    Gold prices rose on Friday, underpinned by concerns over rising COVID-19 cases, although a resilient dollar kept bullion on course for its second straight weekly decline.

Sections
ISO 27001 - BSI Assurance Mark