Sensex, Nifty Live on December 7: Sensex and Nifty ended the session at record highs today supported by optimism over Covid vaccine in global markets.
Sensex closed at a record of 45,426, rising 347 points and Nifty ended 97 points higher at 13,355.
Intra day, both indices touched all time highs today. While Sensex gained 339 points to 45,418, Nifty rose 96 points to 13,354. Both indexes had registered five straight weeks of gains amid news of progress in coronavirus vaccines. On Friday, Sensex ended 446 points higher at 45,079 and Nifty gained 124 points higher at 13,258.
Here's a look at the updates of the market action on BSE and NSE today.
3: 45 pm: Expert quote
Vinod Nair, Head of Research at Geojit Financial Services said, "Market started the week continuing its winning streak. Much of the momentum was from pharma and small caps stocks, the broader market is outperforming the main indices. European stocks have turned focus to the on-going post Brexit trade deal between the UK and EU, trading a bit cautiously. We expect the domestic market to remain strong backed by vaccine progress, economic recovery and strong FII inflows. However, it is advisable for investors to consider partial profit booking in pockets trading very expensive like highly valued large caps and trade vigilantly on small and micro caps though the momentum is expected to remain positive in the short to medium-term."
3: 40 pm: Rupee settles 10 paise lower at 73.90 (provisional) against US dollar.
3: 30 pm: Sensex ends at a record of 45,426, rising 347 points and Nifty closes 97 points higher at 13,355.
2: 45 pm: Global markets mixed
Shares fell in Europe after a mixed day of trading in Asia following a report that the US is preparing to slap sanctions on a dozen more Chinese officials, ratcheting up tensions with Beijing.
Germany's DAX slipped 0.3% to 13,253.44 and the CAC 40 in Paris lost 0.6% to 5,573.51. In Britain, the FTSE 100 lost 0.2% to 6,535.75. Wall Street looked set for a tepid start, with the future for the S&P 500 down 0.4%. The future for the Dow industrials also lost 0.4%.
In Asian trading, Hong Kong's Hang Seng dropped 1.2% to 26,506.85 and the Nikkei 225 in Tokyo lost 0.8% to 26,547.44. The Shanghai Composite index sank 0.8% to 3,416.60. South Korea's Kospi gained 0.5% to 2,745.44. In Australia, the S&P/ASX 200 added 0.6% to 6,675.00.2: 30 pm: Tata Chemicals share rises 7%
Shares of Tata Chemicals rallied over 7 per cent to hit fresh 52-week high of Rs 526.80 in intraday trade on Monday after its parent company Tata Sons further hiked stake in the company. Tata Sons, promoter of Tata Chemicals, on Friday acquired 25.72 shares of the company worth over Rs 121 crore through bulk deal.
2: 00 pm:Indices off record highs
Sensex trading at 45,217 and Nifty at 13,297 on profit booking. Earlier Sensex and Nifty all time highs on progress over Coronavirus vaccine. While Sensex gained 339 points to 45,418, Nifty rose 96 points to 13,354.
12:30 pm: IRCTC share on a roll
IRCTC share rose up to 9.3% in trade today amid progress on Covid-19 vaccines at home and abroad. The travel stock rose to Rs 1,720 against previous close of Rs 1,573 on BSE.
12:00 pm: Sensex scales fresh high of 45,348. Nifty rises 78 points to 13,336, a record high.
11: 45 am: HDFC Bank share fell 2% today after global ratings agency Moody's said multiple digital outages reported by the private sector lender were credit negative. Last week, the RBI asked the lender to temporarily halt all new digital launches following multiple instances of digital outages. The bank has assured that it is working with the regulator on the issue and the customers will not face any problems.
11:15 am: Rupee trading higher
The Indian rupee was trading higher at 73.71 per dollar amid buying seen in the domestic equity market.
Earlier, rupee opened flat at 73.79 per dollar against Friday's close of 73.78.
10: 25 am: Expert quote
Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said, "RBI's assurance on ensuring sufficient liquidity in the system and projection of positive GDP growth rates in H2 FY 21 pushed markets to record closings on benchmark indices on Friday. FII inflows continue to be strong in the initial days of December too. This, along with better than expected Q3 results provide strong support to markets. But since market levels and valuations are high, profit bookings can happen any time. Investors may increase cash levels in portfolios."
10: 20 am : ONGC share rises over 4%
ONGC share climbed 4.6% to its highest since early March after it said on Friday its overseas arm made a "significant strike of oil" in its block in Colombia.
10: 00 am : Pfizer Ltd stock rises
Pfizer Ltd share rises 2.70% to Rs 5398 against previous close of Rs 5256 after US-based Pfizer became the first company to seek emergency use approval of its vaccine candidate in India after getting clearance in the UK and Bahrain.
9: 40 am : On Nifty, top gainers were Adani Ports, UPL, GAIL and ICICI Bank rising up to 4.36%.
9: 20 AM: Opening session
Sensex and Nifty opened marginally higher from closing levels on Friday. While Sensex gained 20 points to 45,099, Nifty rose 6 points to 13,264. Later, both indices scaled record highs on optimism over Covid vaccine.
9: 30 am:US markets
On Wall Street, stock indices reached fresh all-time highs on Friday with the Dow rising 0.8%, the S&P500 gaining 0.9% and the Nasdaq 0.7%.
8. 45 AM: Rupee Closing
On the currency front, the Indian rupee closed 12 paise lower at 73.93 per US dollar on Friday after a range-bound trade as investors remained cautious ahead of the RBI policy meet outcome.
8. 40 AM: Last closing
Market indices closed at record highs on Friday, in line with global peers, after apex lender RBI in its Monetary Policy Committee meet kept the policy stance 'accommodative' and the key lending repo rate unchanged. Sensex ended 446 points higher at 45,079 and Nifty gained 124 points higher at 13,258. During the session, Sensex touched a lifetime high of 45,148 and Nifty hit an all-time high of 13,280.