Stock Market HIGHLIGHTS: Sensex, Nifty break two-day losing streak; auto, FMCG stocks unleash bulls
Stock Market HIGHLIGHTS: Bulls stamped their authority on Dalal Street as markets ended their two-day losing streak on Monday. Indian frontline indices S&P BSE Sensex and NSE Nifty extended gains after starting on a cautious note. Buying in bank & financial services, FMCG and auto stocks lifted the mood of the markets. The 30-stock Sensex ended at 61,806.19, up 468 points or 0.76 points while the broader market Nifty50 finished at 18,420.45, up 151.45 points or 0.57 per cent. Banking gauge Nifty Bank settled 194.25 points or 0.45 per cent higher at 43,413.75.
Here are key takeaways from day's trading action:
1) In the 50-stock Nifty50, 42 stocks advanced with Adani Ports, Adani Enterprises, Eicher Motors, Mahindra & Mahindra and Power Grid as top five gainers while TCS, ONGC, Tata Motors, Infosys and Sun Pharmaceuticals as top losers.
2) Barring Nifty IT, remaining 14 Nifty sectoral indices ended in the green. The spotlight was on Nifty Auto and Nifty FMCG which were up 1.51 and 1.41 per cent respectively. The next major gainer was 0.98 per cent.
3) INDIA VIX, a measure of volatility in Nifty was down over 3 per cent and settled at 13.60.
4) Strong action was seen in sugar and paper stocks as well. In the broader markets, PB Fintech (Policy Bazaar) and Indiamart were among the top gainers in the Nifty Mid Cap 100 while top losers were Delhivery and Tata Teleservices (Maharashtra). The 100-share index closed at 32,166.75, up 0.49 per cent.
5) Nifty Small Cap 100 closed at 10,062.40, up 0.45 per cent. In the 100-stock index, advances were 49, declines 50 while one stock remained unchanged. The top gainers were UTI AMC, Suzlon and Shree Renuka Sugars while top losers were Chemplast Sanmar, Welspun India and Deepak Fertilizers.
6) KFin Technologies IPO opened today. The issue was subscribed 0.08 times around 4 pm. Retail investors subscribed this issue 0.12 times.
7) On BSE, out of 3,781 that traded today, 2,116 stocks advanced, 1,499 declined while 166 remained unchanged.
8) Singapore-based SGX Nifty futures were trading at 18,487, up 169 points or 0.92 per cent while Dow 30 futures were trading at 33,030.50, up 110 points or 0.33 per cent.
9) Major Asian benchmark indices ended mix. Nikkei 225 closed at 27,237.60, down 289 points or 1.05 per cent, China's Shanghai Composite was trading at 3,107.11, down 60.74 points 1.92 per cent. Meanwhile, Hang Seng traded at 19,352.81, lower by 97 points or 0.50 per cent. Kospi was down 7.85 points or 0.33 per cent 2,352.17.
10) The rupee gained 6 paise to settle at 82.69 (provisional) against the US dollar on Monday as robust buying in the domestic equities and a weak American currency against key crosses overseas boosted investor sentiments. However, fresh foreign capital outflows and rising crude prices restricted the rupee's rise, forex dealers said. At the interbank forex market, the local unit opened weak at 82.80 against the greenback and witnessed an intra-day high of 82.57 and a low of 82.80. It finally ended at 82.69 against the American currency, registering a rise of 6 paise over its previous close of 82.75. The dollar index, which gauges the greenback's strength against a basket of six currencies, declined 0.44 per cent to 104.24. PTI
11) Gold and Silver futures were trading with gains on MCX. Gold February futures were trading at Rs 54451 per 10 gram, up by Rs 151 or 0.28 per cent while March Silver futures were trading at Rs 68137 per kg, up by Rs 487 or 0.72 per cent.
Catch all the LIVE action from the stock markets today here. For all other news related to business, politics, sports, tech, auto and others, visit Zeebiz.com.
Stock Market HIGHLIGHTS: Bulls stamped their authority on Dalal Street as markets ended their two-day losing streak on Monday. Indian frontline indices S&P BSE Sensex and NSE Nifty extended gains after starting on a cautious note. Buying in bank & financial services, FMCG and auto stocks lifted the mood of the markets. The 30-stock Sensex ended at 61,806.19, up 468 points or 0.76 points while the broader market Nifty50 finished at 18,420.45, up 151.45 points or 0.57 per cent. Banking gauge Nifty Bank settled 194.25 points or 0.45 per cent higher at 43,413.75.
Here are key takeaways from day's trading action:
1) In the 50-stock Nifty50, 42 stocks advanced with Adani Ports, Adani Enterprises, Eicher Motors, Mahindra & Mahindra and Power Grid as top five gainers while TCS, ONGC, Tata Motors, Infosys and Sun Pharmaceuticals as top losers.
2) Barring Nifty IT, remaining 14 Nifty sectoral indices ended in the green. The spotlight was on Nifty Auto and Nifty FMCG which were up 1.51 and 1.41 per cent respectively. The next major gainer was 0.98 per cent.
3) INDIA VIX, a measure of volatility in Nifty was down over 3 per cent and settled at 13.60.
4) Strong action was seen in sugar and paper stocks as well. In the broader markets, PB Fintech (Policy Bazaar) and Indiamart were among the top gainers in the Nifty Mid Cap 100 while top losers were Delhivery and Tata Teleservices (Maharashtra). The 100-share index closed at 32,166.75, up 0.49 per cent.
5) Nifty Small Cap 100 closed at 10,062.40, up 0.45 per cent. In the 100-stock index, advances were 49, declines 50 while one stock remained unchanged. The top gainers were UTI AMC, Suzlon and Shree Renuka Sugars while top losers were Chemplast Sanmar, Welspun India and Deepak Fertilizers.
6) KFin Technologies IPO opened today. The issue was subscribed 0.08 times around 4 pm. Retail investors subscribed this issue 0.12 times.
7) On BSE, out of 3,781 that traded today, 2,116 stocks advanced, 1,499 declined while 166 remained unchanged.
8) Singapore-based SGX Nifty futures were trading at 18,487, up 169 points or 0.92 per cent while Dow 30 futures were trading at 33,030.50, up 110 points or 0.33 per cent.
9) Major Asian benchmark indices ended mix. Nikkei 225 closed at 27,237.60, down 289 points or 1.05 per cent, China's Shanghai Composite was trading at 3,107.11, down 60.74 points 1.92 per cent. Meanwhile, Hang Seng traded at 19,352.81, lower by 97 points or 0.50 per cent. Kospi was down 7.85 points or 0.33 per cent 2,352.17.
10) The rupee gained 6 paise to settle at 82.69 (provisional) against the US dollar on Monday as robust buying in the domestic equities and a weak American currency against key crosses overseas boosted investor sentiments. However, fresh foreign capital outflows and rising crude prices restricted the rupee's rise, forex dealers said. At the interbank forex market, the local unit opened weak at 82.80 against the greenback and witnessed an intra-day high of 82.57 and a low of 82.80. It finally ended at 82.69 against the American currency, registering a rise of 6 paise over its previous close of 82.75. The dollar index, which gauges the greenback's strength against a basket of six currencies, declined 0.44 per cent to 104.24. PTI
11) Gold and Silver futures were trading with gains on MCX. Gold February futures were trading at Rs 54451 per 10 gram, up by Rs 151 or 0.28 per cent while March Silver futures were trading at Rs 68137 per kg, up by Rs 487 or 0.72 per cent.
Catch all the LIVE action from the stock markets today here. For all other news related to business, politics, sports, tech, auto and others, visit Zeebiz.com.
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This is all that we have from the stock markets. I, Shivendra, Kumar, will be back will all the Live action from the stock markets on Tuesday. Till then, be safe and have a good day!
Rupee Vs Dollar - Expert Take
Rupee to remain in a range of 82.20 to 82.90 in the next four days. Positioning is generally on $ long side so a downside could be expected with RBI holding the upside at 82.90, Anil Kumar Bhansali
Head of Treasury at Finrex Treasury Advisors LLP said.
Commodity Market LIVE - Gold, Silver, Crude Oil Futures
BSE LIVE - 52 Week Highs and Lows
Stocks to Buy, Sell of Hold: LIC
Analyst Rakesh Bansal recommends a buy in LIC shares for a price target of Rs 950.
Buzzing Stock - GOCL
The stock was up 20 per cent in the intraday trade and was trading at Rs 410, up by Rs 65.50.
MARKETS LIVE - USDINR Futures: Most active contracts on BSECurre
Currency Markets - Most Active Contracts
Source: BSE
Markets LIVE - Global Markets at a Glance
Major Asian benchmark indices ended mix. Nikkei 225 closed at 27,237.60, down 289 points or 1.05 per cent, China's Shanghai Composite was trading at 3,107.11, down 60.74 points 1.92 per cent. Meanwhile, Hang Seng traded at 19,352.81, lower by 97 points or 0.50 per cent. Kospi was down 7.85 points or 0.33 per cent 2,352.17.
Germany's Dax was trading at 13,959.30, up 66.26 points 0.48 per cent.
Stocks in Focus - Ultratech Cement
Strong demand for cement from infrastructure, rural and urban housing segments coupled with benign fuel and raw material cost bodes well for UltraTech Cement Company. Brokerage firm Sharekhan estimates Rs 1300 per share gains in this counter, banking on four factors while underlining a strong caveat.
Stock to Buy | UltraTech Cement | CMP 7,099 | Target: Rs 8,500 | Upside: 18%
The stock was recommended at a price of Rs 7223. It quoted Rs 7,099 on the NSE on Monday at 11:45 AM, up 1.22 per cent from the Friday closing price.
Markets LIVE - KFin Technologies IPO Subscription Status
Markets LIVE: Sector Spotlight
Stocks Sugar stocks have been in action since the government indicated that it may consider increasing sugar export quota for FY23 (April-June). Momentum continued in the sector during Monday's trading session as many stocks gained on the intraday basis. Several analysts on the Zee Business panel recommended their picks from the pack. This is what they recommended.
Stock to Buy/Hold: Bajaj Hindusthan | CMP: 18.89| Target: Upside
Bajaj Hindustan shares hit 10 per cent upper circuit at Rs 18.89, up by Rs 1.71 or 9.95 per cent on the NSE. The stock has outperformed Nifty50 over a 12-month period by 26 per cent, giving 32 per cent returns against 6 per cent returned by the broader index, according to data sourced from Trendlyne.
Analyst Simi Bhaumik had recommended the stock in the previous week and has asked investors to hold it for price target of Rs 22 and Rs 24.
Bajaj Hindusthan is a small cap company with a market cap of Rs 2400 crore on NSE. According to Bhaumik, the stock looks strong on technical charts and suggested investors to hold the stock in their portfolio.
Markets LIVE - Dr Reddy's Lab
Dr Reddy’s Lab share price: Pharmaceutical Company Dr Reddy’s Laboratories shares climbed around 2 per cent today, December 19 making it the top gainer of Nifty Pharma. On the 30-share benchmark S&P BSE Sensex effective today, automotive company Tata Motors replaced Dr Reddy’s Laboratories.
Markets LIVE - Nifty Sectoral Indices
Source: NSE
Markets LIVE - How frontline index futures were trading?
Source: Comex