Business Today
Loading...

Share Market Highlights: Sensex ends at record high, Nifty at 14,018; ITC, TCS, M&M, SBI, L&T top gainers

January 01,2021 17:04 IST

Sensex, Nifty Highlights on January 1: Market indices closed on a bullish note on Friday, the first session of the year amid positive global equities. Extending gains for the eighth consecutive session, Sensex ended 117 points higher at 47,868 and Nifty closed 36 points higher at 14,018. During today's session, Sensex hit a lifetime high of 47,980 and Nifty rose to a new high of 14,049. Here's a look at the updates of the market action on BSE and NSE today

 

 

 

Check Latest Updates

  • India Stock Market Highlights Today: M&M, ONGC, NTPC, ITC, SBI, L&T, Bajaj Finance, Infosys and HDFC were among the top gainers today
  • Jan 01, 2021 16:02 (IST)

    Nifty technical outlook

    S Ranganathan, Head of Research at LKP Securities said," 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."


     

  • 16:02 IST: S Ranganathan, Head of Research at LKP Securities said," 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."


     

  • Jan 01, 2021 15:59 (IST)

    Closing

    Market indices closed on a bullish note on Friday, the first session of the year amid positive global equities. Extending gains for the eighth consecutive session, Sensex ended 117 points higher at 47,868 and Nifty closed 36 points higher at 14,018. During today's session, Sensex hit a lifetime high of 47,980 and Nifty rose to a new high of 14,049.

  • 15:59 IST: Market indices closed on a bullish note on Friday, the first session of the year amid positive global equities. Extending gains for the eighth consecutive session, Sensex ended 117 points higher at 47,868 and Nifty closed 36 points higher at 14,018. During today's session, Sensex hit a lifetime high of 47,980 and Nifty rose to a new high of 14,049.

  • Jan 01, 2021 15:49 (IST)

    Market outlook

    Vinod Nair, Head of Research at Geojit Financial services said,"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"

  • 15:49 IST: Vinod Nair, Head of Research at Geojit Financial services said,"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"

  • Jan 01, 2021 15:47 (IST)

    Bandhan Bank outlook



    As per HDFC Securities, the lender, being India's largest MFI company with 20% plus market share in India and 50% plus market share in the East and North-east, has consistently demonstrated a strong track record in growing its balance sheet/earnings (AUM grew by CAGR 44% FY10-20).

    "In the next five years, it aims to transform itself into a one-stop solution for all banking requirements of mid and low- income group customers," HDFC Securities added in its report.

    Angel Broking also has given a buy rating to the stock, with a TP at Rs 525 and said," Strong deposit base & low cost of funds coupled with diversification away from West Bangal and MFI along with stable NIM's and RoE will lead to a retaing for the bank."

  • 15:47 IST:

    As per HDFC Securities, the lender, being India's largest MFI company with 20% plus market share in India and 50% plus market share in the East and North-east, has consistently demonstrated a strong track record in growing its balance sheet/earnings (AUM grew by CAGR 44% FY10-20).

    "In the next five years, it aims to transform itself into a one-stop solution for all banking requirements of mid and low- income group customers," HDFC Securities added in its report.

    Angel Broking also has given a buy rating to the stock, with a TP at Rs 525 and said," Strong deposit base & low cost of funds coupled with diversification away from West Bangal and MFI along with stable NIM's and RoE will lead to a retaing for the bank."

  • Jan 01, 2021 15:24 (IST)

    Reliance Infra share price jumps 4.8%

    Reliance Infra share price rose 4.8% on Friday after the company announced completion of sale of its Delhi-Agra (DA) toll road to Cube Highways and Infrastructure for Rs 3,600 crore.

    Stock of the Reliance Infra share opened at its previous close of Rs 26.85 today, also hit an intraday low. The stock gained over 4.8% to hit the day's high of Rs 28.15 on BSE.


    In a regulatory filing, Reliance Infrastructure Ltd said it has completed the sale of its 100 per cent stake in DA Toll Road to Cube Highways and Infrastructure III Pte Ltd for an enterprise value over Rs 3,600 crore.

  • 15:24 IST: Reliance Infra share price rose 4.8% on Friday after the company announced completion of sale of its Delhi-Agra (DA) toll road to Cube Highways and Infrastructure for Rs 3,600 crore.

    Stock of the Reliance Infra share opened at its previous close of Rs 26.85 today, also hit an intraday low. The stock gained over 4.8% to hit the day's high of Rs 28.15 on BSE.


    In a regulatory filing, Reliance Infrastructure Ltd said it has completed the sale of its 100 per cent stake in DA Toll Road to Cube Highways and Infrastructure III Pte Ltd for an enterprise value over Rs 3,600 crore.

  • Jan 01, 2021 15:24 (IST)

    Infosys outlook



    Shares of the IT major is among HDFC Securities' top 10 stock picks for 2021 and recommended Buy rating at  Rs 1,240.30 apiece.

    Analysts at HDFC Securities think Infosys' financial profile is robust, led by a debt-free balance sheet and healthy cash-generating ability in the past. Financial flexibility is strong, supported by robust liquidity in the form of cash and cash equivalent of Rs 26,011 crore as of 30th Sep-20.


    Listing the IT major as one of the top stock picks for 2021, the brokerage said," Infosys announced large deal wins with a total contract value of $ 3.15b, which is the highest ever recorded in Q2FY21 (includes mega-deal with Vanguard); 16 large deal wins were reported in Q2FY21. The IT deal pipeline has been continuously improving despite cost-cutting and cash conservation measures by clients. "

    Axis Securities suggested Buy rating for the stock at a target price of Rs 1,404 and said," Infosys is witnessing business traction led by accelerated enterprise investments in digital. Management believes that the pandemic has accelerated the already strong trend for digital transformation. Infosys' large deal momentum has been robust and pipeline continues to be strong led by digital transformation and vendor consolidation."

  • 15:24 IST:

    Shares of the IT major is among HDFC Securities' top 10 stock picks for 2021 and recommended Buy rating at  Rs 1,240.30 apiece.

    Analysts at HDFC Securities think Infosys' financial profile is robust, led by a debt-free balance sheet and healthy cash-generating ability in the past. Financial flexibility is strong, supported by robust liquidity in the form of cash and cash equivalent of Rs 26,011 crore as of 30th Sep-20.


    Listing the IT major as one of the top stock picks for 2021, the brokerage said," Infosys announced large deal wins with a total contract value of $ 3.15b, which is the highest ever recorded in Q2FY21 (includes mega-deal with Vanguard); 16 large deal wins were reported in Q2FY21. The IT deal pipeline has been continuously improving despite cost-cutting and cash conservation measures by clients. "

    Axis Securities suggested Buy rating for the stock at a target price of Rs 1,404 and said," Infosys is witnessing business traction led by accelerated enterprise investments in digital. Management believes that the pandemic has accelerated the already strong trend for digital transformation. Infosys' large deal momentum has been robust and pipeline continues to be strong led by digital transformation and vendor consolidation."

  • Jan 01, 2021 15:03 (IST)

    JSPL share price jumps 2.5%




    Jindal Steel and Power share price rose more than 2.35% on Friday after Ministry of Coal declared the company as the successful bidder for Gare Palma IV/1 Mine


    Jindal Power (JPL) a subsidiary of Jindal Steel & Power Limited (JSPL) has been declared the successful bidder for Gare Palma IV/1 coal mine by the Ministry of Coal.

    "Jindal Power Ltd. won an auction for Gare Palma IV/1 coal mine at 25% bid premium of the representative price. We are thankful to the Ministry of Coal for declaring us as the successful bidder", said V R Sharma, MD, JSPL in a regulatory statement.

  • 15:03 IST:


    Jindal Steel and Power share price rose more than 2.35% on Friday after Ministry of Coal declared the company as the successful bidder for Gare Palma IV/1 Mine


    Jindal Power (JPL) a subsidiary of Jindal Steel & Power Limited (JSPL) has been declared the successful bidder for Gare Palma IV/1 coal mine by the Ministry of Coal.

    "Jindal Power Ltd. won an auction for Gare Palma IV/1 coal mine at 25% bid premium of the representative price. We are thankful to the Ministry of Coal for declaring us as the successful bidder", said V R Sharma, MD, JSPL in a regulatory statement.

  • Jan 01, 2021 14:47 (IST)

    Brent Crude today

    Brent crude futures, the global oil benchmark, advanced 0.33 per cent to USD 51.80 per barrel. Oil price gained even as coronavirus depressed economic activity and pull down demand.

  • 14:47 IST: Brent crude futures, the global oil benchmark, advanced 0.33 per cent to USD 51.80 per barrel. Oil price gained even as coronavirus depressed economic activity and pull down demand.

  • Jan 01, 2021 14:41 (IST)

    Rupee slips 4 paise to 73.11 amid weak US dollar

    Indian rupee depreciated by 4 paise to 73.11 against the US dollar on the first session of the New Year as market participants remained on the sidelines due to lack of fresh cues. Forex traders said the momentum for the currency is likely to stay low as no major economic data is expected to release on the domestic as well as on the global front.

    The domestic unit was trading in a narrow range on Friday. It opened at 73.09 against the US dollar at the interbank forex market, and fell to 73.11 against the greenback,  down 4 paise over its previous close.

  • 14:41 IST: Indian rupee depreciated by 4 paise to 73.11 against the US dollar on the first session of the New Year as market participants remained on the sidelines due to lack of fresh cues. Forex traders said the momentum for the currency is likely to stay low as no major economic data is expected to release on the domestic as well as on the global front.

    The domestic unit was trading in a narrow range on Friday. It opened at 73.09 against the US dollar at the interbank forex market, and fell to 73.11 against the greenback,  down 4 paise over its previous close.

  • Jan 01, 2021 13:56 (IST)

    NCC share hits 52-week high

    NCC share rose nearly 7% in early trade today after the firm said it received 15 new orders worth Rs 8,980 crore in December from government agencies. NCC share hit a fresh 52-week high of Rs 61.65 rising 6.94% against previous close of  Rs 57.65  on BSE.

    The small cap stock has gained after 2 days of consecutive fall.  

    NCC share is trading higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages. The share has gained 11.18% in one year and risen 6% since the beginning of this year.

    In a month, the share has gained 36.8%. Market cap of the firm rose to Rs 3,735 crore.

    NCC share hits 52-week high after firm wins Rs 8,980-crore orders in December

  • 13:56 IST: NCC share rose nearly 7% in early trade today after the firm said it received 15 new orders worth Rs 8,980 crore in December from government agencies. NCC share hit a fresh 52-week high of Rs 61.65 rising 6.94% against previous close of  Rs 57.65  on BSE.

    The small cap stock has gained after 2 days of consecutive fall.  

    NCC share is trading higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages. The share has gained 11.18% in one year and risen 6% since the beginning of this year.

    In a month, the share has gained 36.8%. Market cap of the firm rose to Rs 3,735 crore.

    NCC share hits 52-week high after firm wins Rs 8,980-crore orders in December

  • Jan 01, 2021 13:49 (IST)

    Global market trade mixed today

    Most of the Asian markets are closed on account of New Year, index futures show positivity tracking overnight gains in US.

    US markets closed positively on the last day of 2020 backed by cautious optimism that US economy and corporate earnings would make a come back in 2021.

    European markets closed lower on Thursday as UK Banks, retailers and home builders moved lower affected by Brexit uncertainty and lockdown restrictions.

  • 13:49 IST: Most of the Asian markets are closed on account of New Year, index futures show positivity tracking overnight gains in US.

    US markets closed positively on the last day of 2020 backed by cautious optimism that US economy and corporate earnings would make a come back in 2021.

    European markets closed lower on Thursday as UK Banks, retailers and home builders moved lower affected by Brexit uncertainty and lockdown restrictions.

  • Jan 01, 2021 13:49 (IST)

    Nifty Outlook

    Geojit Financial said,"Patterns still favour upsides, with interim objectives placed at 14091-145-200. Upside momentum, though, will be intermittent early in the day, but will remain lively as long as 13960 holds. Downside marker is placed a bit lower at 13870."

  • 13:49 IST: Geojit Financial said,"Patterns still favour upsides, with interim objectives placed at 14091-145-200. Upside momentum, though, will be intermittent early in the day, but will remain lively as long as 13960 holds. Downside marker is placed a bit lower at 13870."

  • Jan 01, 2021 13:42 (IST)

    Antony Waste Handling Cell share lists at 38% premium to issue price

    Antony Waste Handling Cell share made its market debut at 38% premium over its IPO issue price today. The share listed at Rs 436.10 against its issue price of Rs 315 on NSE.  The share further rose to Rs 489.90, 55.52% higher than its issue price. Market cap of Antony Waste Handling Cell climbed to Rs 1,186 crore. Total 91 lakh shares changed hands on NSE in early trade.

    Antony Waste Handling Cell launched its initial public offer (IPO) on December 21.  Price band for the IPO was fixed at Rs 313-315 per share. The IPO  received a decent response on the last day as the issue was subscribed 14.87 times.

    Antony Waste Handling Cell share lists at 38% premium to issue price

  • 13:42 IST: Antony Waste Handling Cell share made its market debut at 38% premium over its IPO issue price today. The share listed at Rs 436.10 against its issue price of Rs 315 on NSE.  The share further rose to Rs 489.90, 55.52% higher than its issue price. Market cap of Antony Waste Handling Cell climbed to Rs 1,186 crore. Total 91 lakh shares changed hands on NSE in early trade.

    Antony Waste Handling Cell launched its initial public offer (IPO) on December 21.  Price band for the IPO was fixed at Rs 313-315 per share. The IPO  received a decent response on the last day as the issue was subscribed 14.87 times.

    Antony Waste Handling Cell share lists at 38% premium to issue price

  • Jan 01, 2021 12:57 (IST)

    YES Bank share rises for third straight session



    YES Bank shares were trading 2% higher on Thursday morning for the third consecutive session. The stock of the private lender opened higher at Rs 17.90 as against its previous closing price of Rs 17.86 today. It gained over 1% to hit the day's high of Rs 18.10 on BSE. The stock also hit an intraday low of Rs 17.80 during early trade.
     
    In its regulatory filing yesterday, the lender announced the closure of the trading window ahead of the announcement of financial results for the quarter ended 31st December 2020.

    The filing said," This is to inform that the Trading Window for dealing in  securities of YES Bank Limited shall be closed for the Designated Persons of the Bank, its subsidiaries and for the Connected Persons in terms of the provisions of SEBI(Prohibition of Insider   Trading) Regulations, 2015 and the Code of Conduct of the Bank for prevention of Insider Trading from January 01, 2021 till the declaration of quarterly financial results of the Bank for the quarter ended December 31, 2020 and two days thereafter."




     

  • 12:57 IST:

    YES Bank shares were trading 2% higher on Thursday morning for the third consecutive session. The stock of the private lender opened higher at Rs 17.90 as against its previous closing price of Rs 17.86 today. It gained over 1% to hit the day's high of Rs 18.10 on BSE. The stock also hit an intraday low of Rs 17.80 during early trade.
     
    In its regulatory filing yesterday, the lender announced the closure of the trading window ahead of the announcement of financial results for the quarter ended 31st December 2020.

    The filing said," This is to inform that the Trading Window for dealing in  securities of YES Bank Limited shall be closed for the Designated Persons of the Bank, its subsidiaries and for the Connected Persons in terms of the provisions of SEBI(Prohibition of Insider   Trading) Regulations, 2015 and the Code of Conduct of the Bank for prevention of Insider Trading from January 01, 2021 till the declaration of quarterly financial results of the Bank for the quarter ended December 31, 2020 and two days thereafter."




     

  • Jan 01, 2021 12:51 (IST)

    Market update

    During today's session, Sensex hit a lifetime high of 47,958 and Nifty rose to a new high of 14,040

  • 12:51 IST: During today's session, Sensex hit a lifetime high of 47,958 and Nifty rose to a new high of 14,040

  • Jan 01, 2021 12:50 (IST)

    Petronet LNG outlook

    Geojit Financial Services said,"Q2FY21 sales were down 33.4% YoY to Rs. 6,236cr. The company registered adjusted PAT decline of 20.8% YoY, reaching Rs. 919cr. EBITDA margin improved by 950bps YoY to 21.9%, primarily due to reduction in operating cost and effective commercial planning. Petronet LNG’s volume demand reaching pre-COVID levels, improvement in operational efficiency, and commissioning of the Kochi-Mangalore pipeline will boost performance in upcoming quarters. Hence, we reiterate our BUY rating on the stock with a revised target price of Rs. 327 based on 15.0x FY22E adj. EPS."


     

  • 12:50 IST: Geojit Financial Services said,"Q2FY21 sales were down 33.4% YoY to Rs. 6,236cr. The company registered adjusted PAT decline of 20.8% YoY, reaching Rs. 919cr. EBITDA margin improved by 950bps YoY to 21.9%, primarily due to reduction in operating cost and effective commercial planning. Petronet LNG’s volume demand reaching pre-COVID levels, improvement in operational efficiency, and commissioning of the Kochi-Mangalore pipeline will boost performance in upcoming quarters. Hence, we reiterate our BUY rating on the stock with a revised target price of Rs. 327 based on 15.0x FY22E adj. EPS."


     

  • Jan 01, 2021 12:46 (IST)

    Cadila gets approval for Saroglitazar Mg



    Yash Gupta Equity Research Associate, Angel Broking said,"Cadila announces the approval of Saroglitazar Mg for the treatment of Non-Alcoholic Fatty Liver Disease in India. Saroglitazar Mg, approved by DCGI, becomes the first medicine for the treatment of NonAlcoholic Fatty Liver Disease (NAFLD). Zydus Cadila announced that the Drug Controller General of India (DCGI) has approved its New Drug Application (NDA) for Saroglitazar Mg for the treatment of Non-alcoholic Fatty Liver Disease (NAFLD) in India. The prevalence of NAFLD in India is estimated to be nearly 25-30% of the general population. This approval for NAFLD along with either of the comorbidities provides the physicians with a viable treatment option. With a once daily, 4mg dose regimen, Saroglitazar Mg will enable better compliance, reduce the pill burden and offer the patient more convenience. This can be a very big approval for cadila as there is no approved drug for the treatment of NAFLD and NASH anywhere in the world. We expect cadila to launch this product in India first and then in international markets. This will help cadila to increase domestic market share."

  • 12:46 IST:

    Yash Gupta Equity Research Associate, Angel Broking said,"Cadila announces the approval of Saroglitazar Mg for the treatment of Non-Alcoholic Fatty Liver Disease in India. Saroglitazar Mg, approved by DCGI, becomes the first medicine for the treatment of NonAlcoholic Fatty Liver Disease (NAFLD). Zydus Cadila announced that the Drug Controller General of India (DCGI) has approved its New Drug Application (NDA) for Saroglitazar Mg for the treatment of Non-alcoholic Fatty Liver Disease (NAFLD) in India. The prevalence of NAFLD in India is estimated to be nearly 25-30% of the general population. This approval for NAFLD along with either of the comorbidities provides the physicians with a viable treatment option. With a once daily, 4mg dose regimen, Saroglitazar Mg will enable better compliance, reduce the pill burden and offer the patient more convenience. This can be a very big approval for cadila as there is no approved drug for the treatment of NAFLD and NASH anywhere in the world. We expect cadila to launch this product in India first and then in international markets. This will help cadila to increase domestic market share."

  • Jan 01, 2021 11:47 (IST)

    Real estate outlook



    Yash Gupta Equity Research Associate, Angel Broking said,"Mumbai Real-estate shins again in December by recording highest sales registrations.
    Total 18854 homes registered in December 2020 till now as per the report of knight Frank India. The main reason behind this surge in registration is the increase in stamp duty from 1st January 2021. After the central lockdown got over and the state has started giving some relaxations in the lockdown real-estate sector has picked up its run and reported better than expected registration in the last few months. It also helps by the state decision of reduction in stamp duty. We expect this number to come down in January 2021 is just a seasonal bump up in registration along with some effect of pent-up demand in the first half of the year 2020. We remain cautious on the real-estate sector but have a positive outlook for Oberoi realty as the company has done well in the last couple of quarters and the company's revenue has been  diversified in Residential , Commercial and Office space."

  • 11:47 IST:

    Yash Gupta Equity Research Associate, Angel Broking said,"Mumbai Real-estate shins again in December by recording highest sales registrations.
    Total 18854 homes registered in December 2020 till now as per the report of knight Frank India. The main reason behind this surge in registration is the increase in stamp duty from 1st January 2021. After the central lockdown got over and the state has started giving some relaxations in the lockdown real-estate sector has picked up its run and reported better than expected registration in the last few months. It also helps by the state decision of reduction in stamp duty. We expect this number to come down in January 2021 is just a seasonal bump up in registration along with some effect of pent-up demand in the first half of the year 2020. We remain cautious on the real-estate sector but have a positive outlook for Oberoi realty as the company has done well in the last couple of quarters and the company's revenue has been  diversified in Residential , Commercial and Office space."

  • Jan 01, 2021 11:30 (IST)

    Market outlook

    Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said,"The 14.9 % returns from Nifty & 15.75 % returns from Sensex during 2020 conceals a lot of info like: Nifty recovered 84 % from the lows of March; Pharma index and IT index returned 61% & 55% respectively while the banking index delivered - 4 % returns with the PSU banking index delivering -30 % returns. As we start the 2021 journey two facts are important: One, abundant liquidity, low-interest rates & continuing capital flows are likely to support markets. Two, since valuations are at record highs, markets are vulnerable to corrections. Managing this contradiction would be the major challenge, going forward"

     

  • 11:30 IST: Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said,"The 14.9 % returns from Nifty & 15.75 % returns from Sensex during 2020 conceals a lot of info like: Nifty recovered 84 % from the lows of March; Pharma index and IT index returned 61% & 55% respectively while the banking index delivered - 4 % returns with the PSU banking index delivering -30 % returns. As we start the 2021 journey two facts are important: One, abundant liquidity, low-interest rates & continuing capital flows are likely to support markets. Two, since valuations are at record highs, markets are vulnerable to corrections. Managing this contradiction would be the major challenge, going forward"

     

  • Jan 01, 2021 11:29 (IST)

    Stocks to watch today on January 1



    Stocks to watch today on January 1: Antony Waste Handling Cell, Future Enterprises, RIL, M&M, IDBI Bank among others are the top stocks to watch out for in Friday's trading session

    Stocks in news: Antony Waste Handling Cell, Future Enterprises, RIL, M&M, IDBI Bank

  • 11:29 IST:

    Stocks to watch today on January 1: Antony Waste Handling Cell, Future Enterprises, RIL, M&M, IDBI Bank among others are the top stocks to watch out for in Friday's trading session

    Stocks in news: Antony Waste Handling Cell, Future Enterprises, RIL, M&M, IDBI Bank

  • Jan 01, 2021 10:51 (IST)

    Top stocks to buy in 2021

    Indian share markets staged a smart recovery in the calendar year 2020 and ended the year at record highs, on the back of positive global news flow and continued foreign fund inflows.

    On a year-to-date (YTD) basis, broader indices delivered 15% returns, after staging a smart recovery of 84% from the March lows. In terms of YTD, Nifty Pharma topped the rank among other sectors, growing 60%, followed by an almost 55% rise in the Nifty IT index. Nifty metal grew by 16%, while Nifty FMCG was up 15% since the start of the year 2020

    Top stocks to buy in 2021: Here's what brokerages say

  • 10:51 IST: Indian share markets staged a smart recovery in the calendar year 2020 and ended the year at record highs, on the back of positive global news flow and continued foreign fund inflows.

    On a year-to-date (YTD) basis, broader indices delivered 15% returns, after staging a smart recovery of 84% from the March lows. In terms of YTD, Nifty Pharma topped the rank among other sectors, growing 60%, followed by an almost 55% rise in the Nifty IT index. Nifty metal grew by 16%, while Nifty FMCG was up 15% since the start of the year 2020

    Top stocks to buy in 2021: Here's what brokerages say

  • Jan 01, 2021 10:50 (IST)

    Raymond outlook



    LKP Securities said in its note,"Raymond has been able to achieve double digit growth in its revenue in six out of the last ten years with introduction of newer products and business segments. Covid-19 pandemic has significantly affected the companies operations in the first half of FY21, however we expect a recovery in the revenue on back of ongoing wedding season for the second half of FY21. The long term borrowing ratio to total borrowings has also been significantly brought down from 51% in FY18 to 27% in FY20. The land sale by its associate company has further helped the company to repay its long term borrowings."

    The report added,"The company since lockdown has increased its focus on optimizing costs across verticals. In the first half of 2020, the company saved around Rs 500 crores as compared to last year with rationalization in employee cost, A&SP, rentals and other fixed expenses. We value Raymond on SOTP basis considering each individual business vertical as a separate growth driver. The stock has appreciated 26% post our coverage in September and we continue to remain optimistic on the prospects going forward with a price objective of Rs485."

  • 10:50 IST:

    LKP Securities said in its note,"Raymond has been able to achieve double digit growth in its revenue in six out of the last ten years with introduction of newer products and business segments. Covid-19 pandemic has significantly affected the companies operations in the first half of FY21, however we expect a recovery in the revenue on back of ongoing wedding season for the second half of FY21. The long term borrowing ratio to total borrowings has also been significantly brought down from 51% in FY18 to 27% in FY20. The land sale by its associate company has further helped the company to repay its long term borrowings."

    The report added,"The company since lockdown has increased its focus on optimizing costs across verticals. In the first half of 2020, the company saved around Rs 500 crores as compared to last year with rationalization in employee cost, A&SP, rentals and other fixed expenses. We value Raymond on SOTP basis considering each individual business vertical as a separate growth driver. The stock has appreciated 26% post our coverage in September and we continue to remain optimistic on the prospects going forward with a price objective of Rs485."

  • Jan 01, 2021 10:21 (IST)

    FIIs infuse Rs 65,246 crore in 2020

    Foreign institutional investors (FIIs) poured in a record Rs 1.13 lakh crore in last two months of 2020, equalling the highest ever inflows logged by them in 2013 into Indian equity market. In 2019, FIIs infused Rs 1 lakh crore-the second highest ever inflows in the history.

    For the year 2020, FIIs infused Rs 65,246.26 crore into the Indian market. The inflow of funds in the last two months rose after the end of election in the United States and weakness in the dollar index. Strong corporate earnings at home also raised sentiment on Dalal Street.

    Powered by FII inflows, Sensex gained a huge 8,137 points in the last two months compared to a rise of 6,497 points in 2020.

    Nifty too rose 2,339 points in November-December compared to gain of 1,813 points in this year.

    FIIs infuse Rs 65,246 crore in 2020, equal 2013 record in November-December

  • 10:21 IST: Foreign institutional investors (FIIs) poured in a record Rs 1.13 lakh crore in last two months of 2020, equalling the highest ever inflows logged by them in 2013 into Indian equity market. In 2019, FIIs infused Rs 1 lakh crore-the second highest ever inflows in the history.

    For the year 2020, FIIs infused Rs 65,246.26 crore into the Indian market. The inflow of funds in the last two months rose after the end of election in the United States and weakness in the dollar index. Strong corporate earnings at home also raised sentiment on Dalal Street.

    Powered by FII inflows, Sensex gained a huge 8,137 points in the last two months compared to a rise of 6,497 points in 2020.

    Nifty too rose 2,339 points in November-December compared to gain of 1,813 points in this year.

    FIIs infuse Rs 65,246 crore in 2020, equal 2013 record in November-December

  • Jan 01, 2021 10:14 (IST)

    Gold price rose 28% in 2020; check out targets for next year

    Gold prices have rallied 28% in rupee terms in 2020, making the less risky asset, one of the most preferred ones by investors this year. Spot gold overseas is positioned to end the year 20% higher year-to-date.

    The coronavirus pandemic and the unprecedented flow of money supply by government stimulus triggered sharp buying in the bullion metal in both domestic and global markets in 2020, taking the gold price to an all-time high.

    Led by risk aversion, safe-haven buying, and uncertainty caused by COVID-19 disruptions, Gold Futures moved to an all-time high of Rs 56,191 per 10 grams at MCX, rising by almost 43% in the year, while silver had edged closer to Rs 80,000 per 10 gram. Spot gold hit $2,075 an ounce in the international market in August.

    Gold price rose 28% in 2020; check out targets for next year
     

  • 10:14 IST: Gold prices have rallied 28% in rupee terms in 2020, making the less risky asset, one of the most preferred ones by investors this year. Spot gold overseas is positioned to end the year 20% higher year-to-date.

    The coronavirus pandemic and the unprecedented flow of money supply by government stimulus triggered sharp buying in the bullion metal in both domestic and global markets in 2020, taking the gold price to an all-time high.

    Led by risk aversion, safe-haven buying, and uncertainty caused by COVID-19 disruptions, Gold Futures moved to an all-time high of Rs 56,191 per 10 grams at MCX, rising by almost 43% in the year, while silver had edged closer to Rs 80,000 per 10 gram. Spot gold hit $2,075 an ounce in the international market in August.

    Gold price rose 28% in 2020; check out targets for next year
     

  • Jan 01, 2021 09:52 (IST)

    Global markets today


    Overseas, Asian stocks are shut today on account of New Year. Markets in Australia, Singapore and Hong Kong are set to close earlier than usual on Thursday, while markets in Japan and South Korea are closed for a holiday.

    In US, Wall Street advanced on Thursday as investors closed the book on a turbulent year of pandemic, recession and recovery. Traders said investors looked towards an improving economic outlook in 2021 on the back of COVID-19 vaccine rollouts and hopes for even more fiscal support. US markets will be closed today for New Year's holiday.

    European markets closed with minor negativity even after UK lawmakers approved Brexit trade deal and investors reacted to fresh covid vaccine news after UK authorized Astra's covid-19 vaccine.

  • 09:52 IST:
    Overseas, Asian stocks are shut today on account of New Year. Markets in Australia, Singapore and Hong Kong are set to close earlier than usual on Thursday, while markets in Japan and South Korea are closed for a holiday.

    In US, Wall Street advanced on Thursday as investors closed the book on a turbulent year of pandemic, recession and recovery. Traders said investors looked towards an improving economic outlook in 2021 on the back of COVID-19 vaccine rollouts and hopes for even more fiscal support. US markets will be closed today for New Year's holiday.

    European markets closed with minor negativity even after UK lawmakers approved Brexit trade deal and investors reacted to fresh covid vaccine news after UK authorized Astra's covid-19 vaccine.

  • Jan 01, 2021 09:47 (IST)

    Expectation on listing of Antony Waste handling

    Keshav Lahoti-Associate Equity Analyst, Angel Broking said,"We don't expect Antony Waste Handling Cell to do bumper listings like the last few IPOs like Mrs Bectors Food, Burger King India. We believe at good listing gain investors can book profit. Business of Antony is dependent on municipal authorities for a substantial proportion of the revenue, which is a major inherent risk in the business model. This business involves receivables risk from municipalities, which can lead to financial instability for the company. So considering the risk-reward ratio, we believe there are better options available in the market from a long investment point of view."

     

  • 09:47 IST: Keshav Lahoti-Associate Equity Analyst, Angel Broking said,"We don't expect Antony Waste Handling Cell to do bumper listings like the last few IPOs like Mrs Bectors Food, Burger King India. We believe at good listing gain investors can book profit. Business of Antony is dependent on municipal authorities for a substantial proportion of the revenue, which is a major inherent risk in the business model. This business involves receivables risk from municipalities, which can lead to financial instability for the company. So considering the risk-reward ratio, we believe there are better options available in the market from a long investment point of view."

     

  • Jan 01, 2021 09:34 (IST)

    Top gainers

    M&M, ONGC, NTPC, ITC, SBI, L&T, Bajaj Finance, Infosys and HDFC  were among the top gainers today

  • 09:34 IST: M&M, ONGC, NTPC, ITC, SBI, L&T, Bajaj Finance, Infosys and HDFC  were among the top gainers today

  • Jan 01, 2021 09:32 (IST)

    Market rises further, hits new high

    Extending gains for the eighth trading session, Sensex rose 105 points higher to 47,874 and Nifty was trading 42 points higher at 14,012. During today's session, Sensex hit a lifetime high of 47,916 and Nifty rose to a new high of 14,023 today.

  • 09:32 IST: Extending gains for the eighth trading session, Sensex rose 105 points higher to 47,874 and Nifty was trading 42 points higher at 14,012. During today's session, Sensex hit a lifetime high of 47,916 and Nifty rose to a new high of 14,023 today.

  • Jan 01, 2021 09:27 (IST)

    Opening session

    Market indices opened tad bullish on Friday, the first session of the year amid positive global equities. SGX Nifty on the Singapore Exchange was rising by 20 points, indicating positive trend in domestic grounds today. Extending gains for the eighth consecutive session, Sensex was trading higher by 25 points to 47,780 and Nifty traded 0.55 points higher at 13,982.

  • 09:27 IST: Market indices opened tad bullish on Friday, the first session of the year amid positive global equities. SGX Nifty on the Singapore Exchange was rising by 20 points, indicating positive trend in domestic grounds today. Extending gains for the eighth consecutive session, Sensex was trading higher by 25 points to 47,780 and Nifty traded 0.55 points higher at 13,982.

  • Jan 01, 2021 09:21 (IST)

    Currency market

    On the currency front, the rupee rose for the sixth straight session and ended 24 paise higher at 73.07 per dollar supported by positive domestic equities and unabated foreign fund inflows. The domestic unit witnessed an intra-day high of 73.01 and a low of 73.17. It had closed at a two-month high of 73.31 on Wednesday. In the last six trading sessions, the Indian rupee has gained 77 paise.

  • 09:21 IST:

    On the currency front, the rupee rose for the sixth straight session and ended 24 paise higher at 73.07 per dollar supported by positive domestic equities and unabated foreign fund inflows. The domestic unit witnessed an intra-day high of 73.01 and a low of 73.17. It had closed at a two-month high of 73.31 on Wednesday. In the last six trading sessions, the Indian rupee has gained 77 paise.

  • Jan 01, 2021 09:21 (IST)

    FII action

    Foreign portfolio investors (FPIs) bought shares worth Rs 1,135.59 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 257.64 crore in the Indian equity market on 31 December, provisional data showed.

     


     

  • 09:21 IST:

    Foreign portfolio investors (FPIs) bought shares worth Rs 1,135.59 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 257.64 crore in the Indian equity market on 31 December, provisional data showed.

     


     

  • Jan 01, 2021 09:12 (IST)

    Closing on Thursday

    After a volatile trading session, market indices ended a tad higher on Thursday, the expiry day for F&O segment, amid mixed global equities.  The December 2020 F&O contracts expire today.

    Extending gains for the seventh trading session, Sensex ended 5 points higher at 47,780 and Nifty closed 0.20 points higher at 13,981, after hitting 14,000 for the first time during the session. Sensex hit a lifetime high of 47,896 and Nifty rose to a new high of 14,010 today.

  • 09:12 IST: After a volatile trading session, market indices ended a tad higher on Thursday, the expiry day for F&O segment, amid mixed global equities.  The December 2020 F&O contracts expire today.

    Extending gains for the seventh trading session, Sensex ended 5 points higher at 47,780 and Nifty closed 0.20 points higher at 13,981, after hitting 14,000 for the first time during the session. Sensex hit a lifetime high of 47,896 and Nifty rose to a new high of 14,010 today.