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Share Market Highlights: Sensex ends at record high, Nifty at 14,199; HDFC, TCS, HUL, HCL Tech top gainers

January 05,2021 17:19 IST

Sensex, Nifty Highlights on January 5: In a volatile trading session, market indices turned positive by the afternoon session and closed at record highs for the tenth straight session on Tuesday, amid mixed global equities. Sensex ended 260 points higher at 48,437 and Nifty gained by 66 points to 14,199. During today's session, Sensex hit a lifetime high of 48,486 and Nifty rose to a new high of 14,215. Axis Bank, Titan, Asian Paints, HCL Tech, Infosys, IndusInd Bank, HDFC, TCS and HUL were among the gainers. On the other hand, L&T, Maruti, ONGC, M&M, Airtel, Bajaj twins, NTPC, Bajaj Auto, Kotak Bank, ICICI Bank and Reliance Industries were among the top losers on Sensex pack

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KEY UPDATES

  • Share Market Highlights: Here's a look at the updates of the market action on BSE and NSE today
  • Jan 05, 2021 15:53 (IST)

    Closing

    In a volatile trading session, market indices turned positive by the afternoon session and closed at record highs for the tenth straight session on Tuesday, amid mixed global equities. Sensex ended 260 points higher at 48,437 and Nifty gained by 66 points to 14,199. During today's session, Sensex hit a lifetime high of 48,486 and Nifty rose to a new high of 14,215. Axis Bank, Titan, Asian Paints, HCL Tech, Infosys, IndusInd Bank, HDFC, TCS and HUL were among the gainers. On the other hand, L&T, Maruti, ONGC, M&M, Airtel, Bajaj twins, NTPC, Bajaj Auto, Kotak Bank, ICICI Bank and Reliance Industries were among the top losers on Sensex pack

  • 15:53 IST: In a volatile trading session, market indices turned positive by the afternoon session and closed at record highs for the tenth straight session on Tuesday, amid mixed global equities. Sensex ended 260 points higher at 48,437 and Nifty gained by 66 points to 14,199. During today's session, Sensex hit a lifetime high of 48,486 and Nifty rose to a new high of 14,215. Axis Bank, Titan, Asian Paints, HCL Tech, Infosys, IndusInd Bank, HDFC, TCS and HUL were among the gainers. On the other hand, L&T, Maruti, ONGC, M&M, Airtel, Bajaj twins, NTPC, Bajaj Auto, Kotak Bank, ICICI Bank and Reliance Industries were among the top losers on Sensex pack

  • Jan 05, 2021 15:51 (IST)

    Wonderla Holidays share rises 8%




    Shares of India's largest amusement park chain, Wonderla Holidays rose 8% on Wednesday morning after the company announced that its theme park and resort in Hyderabad will reopen for the public from 9 January 2021 onwards.

    Wonderla Holidays stock opened at Rs 209.30, also its intraday low and later gained 2.58% to hit the day's high of Rs 214.90 against the last close of Rs 209.50. The Wonderla Holidays stock has risen 3.42% in the last 2 days.

    Wonderla Holidays share has risen 2.5% in the last one week and 2% year to date. Wonderla Holidays stock is trading higher than 5, 20, 50, 100 and 200 day moving averages. Wonderla Holidays share price has hit a 52 week high of Rs 260.15 and 52 week low of Rs 104.95.

  • 15:51 IST:


    Shares of India's largest amusement park chain, Wonderla Holidays rose 8% on Wednesday morning after the company announced that its theme park and resort in Hyderabad will reopen for the public from 9 January 2021 onwards.

    Wonderla Holidays stock opened at Rs 209.30, also its intraday low and later gained 2.58% to hit the day's high of Rs 214.90 against the last close of Rs 209.50. The Wonderla Holidays stock has risen 3.42% in the last 2 days.

    Wonderla Holidays share has risen 2.5% in the last one week and 2% year to date. Wonderla Holidays stock is trading higher than 5, 20, 50, 100 and 200 day moving averages. Wonderla Holidays share price has hit a 52 week high of Rs 260.15 and 52 week low of Rs 104.95.

  • Jan 05, 2021 15:27 (IST)

    Nifty technical outlook

    Ashis Biswas, Head of Technical Research at CapitalVia Global Research Ltd- Investment Advisor said,"The market continues to witness resilience and recovered after an opening with a gap down to stay above the immediate support level of the Nifty 50 Index level of 13950. While sustaining above 13950 is the key factor from a short-term perspective. We suggest maintaining above this level market to gain momentum and open the possibility for a movement until 14250-14270. The momentum indicators like RSI, MACD to recover, and market breadth to improve, further strengthening a short-term bullish outlook."

  • 15:27 IST: Ashis Biswas, Head of Technical Research at CapitalVia Global Research Ltd- Investment Advisor said,"The market continues to witness resilience and recovered after an opening with a gap down to stay above the immediate support level of the Nifty 50 Index level of 13950. While sustaining above 13950 is the key factor from a short-term perspective. We suggest maintaining above this level market to gain momentum and open the possibility for a movement until 14250-14270. The momentum indicators like RSI, MACD to recover, and market breadth to improve, further strengthening a short-term bullish outlook."

  • Jan 05, 2021 15:26 (IST)

    FM Sitharaman promises 'never before' like Union Budget

    Finance Minister Nirmala Sitharaman has promised a "never before" like Union Budget as the government looks to steer the pandemic-battered economy and push growth. While investment in health, medical Research & Development (R&D) and developing greater skills to handle telemedicine is going to be critical, livelihood challenges would have to be seen in a newer canvas with newer perspective on vocational training and skill development.

    "Send me your inputs so that we can see a Budget which is a Budget like never before, in a way. 100 years of India wouldn't have seen a Budget being made post-pandemic like this. "And that is not going to be possible unless I get your inputs and wish list, clear observation of what has put you through the challenge... Without that, it is impossible for me to draft something which is going to be that Budget like never before, a Budget which is being made after a pandemic," Sitharaman said while addressing the CII Partnership Summit 2020.

    FM Sitharaman promises 'never before' like Union Budget

  • 15:26 IST: Finance Minister Nirmala Sitharaman has promised a "never before" like Union Budget as the government looks to steer the pandemic-battered economy and push growth. While investment in health, medical Research & Development (R&D) and developing greater skills to handle telemedicine is going to be critical, livelihood challenges would have to be seen in a newer canvas with newer perspective on vocational training and skill development.

    "Send me your inputs so that we can see a Budget which is a Budget like never before, in a way. 100 years of India wouldn't have seen a Budget being made post-pandemic like this. "And that is not going to be possible unless I get your inputs and wish list, clear observation of what has put you through the challenge... Without that, it is impossible for me to draft something which is going to be that Budget like never before, a Budget which is being made after a pandemic," Sitharaman said while addressing the CII Partnership Summit 2020.

    FM Sitharaman promises 'never before' like Union Budget

  • Jan 05, 2021 15:11 (IST)

    M-cap of BSE-listed firms sprints past Rs 191 lakh crore

    Total market capitalisation of all listed companies on the BSE has zoomed to a record high of over Rs 191 lakh crore. Till Monday's trade, markets recorded their ninth straight session of gain. During this time, the BSE Sensex jumped 2,622.84 points or 5.75 per cent and closed above the 48,000-mark for the first time on Monday.

    In the past nine trading sessions, the market capitalisation of BSE-listed firms have jumped a whopping Rs 12,89,863.39 crore to a record Rs 1,91,69,186.44 crore ($ 2.6 trillon). Approval of two COVID-19 vaccines has brought cheers to the domestic market.

    M-cap of BSE-listed firms sprints past Rs 191 lakh crore; RIL, TCS top gainers

  • 15:11 IST: Total market capitalisation of all listed companies on the BSE has zoomed to a record high of over Rs 191 lakh crore. Till Monday's trade, markets recorded their ninth straight session of gain. During this time, the BSE Sensex jumped 2,622.84 points or 5.75 per cent and closed above the 48,000-mark for the first time on Monday.

    In the past nine trading sessions, the market capitalisation of BSE-listed firms have jumped a whopping Rs 12,89,863.39 crore to a record Rs 1,91,69,186.44 crore ($ 2.6 trillon). Approval of two COVID-19 vaccines has brought cheers to the domestic market.

    M-cap of BSE-listed firms sprints past Rs 191 lakh crore; RIL, TCS top gainers

  • Jan 05, 2021 14:51 (IST)

    HDFC share hits all-time high

    HDFC share rose 2% in early trade today after country's largest mortgage lender said its loan disbursements in the individual loan category grew 26 per cent in Q3. Share of HDFC climbed 2.40% to Rs 2,641 against previous close of Rs 2,579.35 on BSE.

    The stock has gained 4.08% in the last four days.

    HDFC share is trading higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages. In last one year, the share has risen 7.59%. The stock has gained 17.58% in one month.

    HDFC share hits all-time high as disbursements climb 26% in Q3

  • 14:51 IST: HDFC share rose 2% in early trade today after country's largest mortgage lender said its loan disbursements in the individual loan category grew 26 per cent in Q3. Share of HDFC climbed 2.40% to Rs 2,641 against previous close of Rs 2,579.35 on BSE.

    The stock has gained 4.08% in the last four days.

    HDFC share is trading higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages. In last one year, the share has risen 7.59%. The stock has gained 17.58% in one month.

    HDFC share hits all-time high as disbursements climb 26% in Q3

  • Jan 05, 2021 14:47 (IST)

    KNR Constructions share price hits fresh high




    Shares of infrastructure development company KNR Constructions rose over 5% to hit a new 52 week high of Rs 352.9 on Tuesday, after the company announced that it was awarded by Project Director, Highways (FAC), Chennai Kanyakumari Industrial Corridor Project, Chennai an order worth of Rs 604 crore.


    The stock opened with a gain at Rs 337.20, also its intraday low and later touched an intraday as well new 52-week high of Rs 352.90, rising 5.79%% on BSE as against the last closing value of Rs 333.60. KNR stock has risen 5.86% in the last 3 days.


    KNR stock is trading higher than 5, 20, 50, 100 and 200 day moving averages

    KNR shares have risen 4% in one week, 9% in one month, The KNR share price has given 5% returns since the beginning of the year and 31% in one year. Market cap of KNR stock stood at Rs 4,818.25 crore as of today. The stock has touched a 52 week high and low of Rs 352.90 and Rs 171.65, respectively.

  • 14:47 IST:


    Shares of infrastructure development company KNR Constructions rose over 5% to hit a new 52 week high of Rs 352.9 on Tuesday, after the company announced that it was awarded by Project Director, Highways (FAC), Chennai Kanyakumari Industrial Corridor Project, Chennai an order worth of Rs 604 crore.


    The stock opened with a gain at Rs 337.20, also its intraday low and later touched an intraday as well new 52-week high of Rs 352.90, rising 5.79%% on BSE as against the last closing value of Rs 333.60. KNR stock has risen 5.86% in the last 3 days.


    KNR stock is trading higher than 5, 20, 50, 100 and 200 day moving averages

    KNR shares have risen 4% in one week, 9% in one month, The KNR share price has given 5% returns since the beginning of the year and 31% in one year. Market cap of KNR stock stood at Rs 4,818.25 crore as of today. The stock has touched a 52 week high and low of Rs 352.90 and Rs 171.65, respectively.

  • Jan 05, 2021 14:37 (IST)

    Top gainers and losers

    Axis Bank, Titan, Asian Paints, HCL Tech, Infosys, IndusInd Bank, HDFC, TCS and HUL were among the gainers. On the other hand, L&T, Maruti, ONGC, M&M, Airtel, Bajaj twins, NTPC, Bajaj Auto, Kotak Bank, ICICI Bank and Reliance Industries were among the top losers on Sensex pack

  • 14:37 IST: Axis Bank, Titan, Asian Paints, HCL Tech, Infosys, IndusInd Bank, HDFC, TCS and HUL were among the gainers. On the other hand, L&T, Maruti, ONGC, M&M, Airtel, Bajaj twins, NTPC, Bajaj Auto, Kotak Bank, ICICI Bank and Reliance Industries were among the top losers on Sensex pack

  • Jan 05, 2021 14:23 (IST)

    Market technical outlook

    Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments said," We are top-heavy at this point in time. 14150 is the current resistance level and if we can get past that 14200-14250 is a possibility. However, it is recommended that we maintain a cautious stance and trade with lighter quantities on the buy side with strict stops. The risk reward is currently skewed and we should wait for dips or corrections and then evaluate the markets. Accumulation of long positions should ideally happen on corrections"



     

  • 14:23 IST: Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments said," We are top-heavy at this point in time. 14150 is the current resistance level and if we can get past that 14200-14250 is a possibility. However, it is recommended that we maintain a cautious stance and trade with lighter quantities on the buy side with strict stops. The risk reward is currently skewed and we should wait for dips or corrections and then evaluate the markets. Accumulation of long positions should ideally happen on corrections"



     

  • Jan 05, 2021 14:16 (IST)

    Exide Industries outlook



    LKP Securities said in its note," Company's first mover advantage on the Lithium ion battery JV and investments in it shall enable them to ride the EV wave. Reduced capex and restriction of investments in insurance arm will lead to strong FCF over the coming years. In line with these drivers, we estimate revenue CAGR of 13% and bottom-line CAGR of 27% from FY21E-23E. Higher replacement volumes, efforts on margin expansion, limited capex (?3bn in FY 21E) and investments in Lithium ion shall yield rich dividends. We maintain BUY on Exide with SOTP target price of Rs 233 (17x times FY 23E EPS standalone business @Rs 203 + Rs 30 of insurance arm valued at 1x embedded value).

  • 14:16 IST:

    LKP Securities said in its note," Company's first mover advantage on the Lithium ion battery JV and investments in it shall enable them to ride the EV wave. Reduced capex and restriction of investments in insurance arm will lead to strong FCF over the coming years. In line with these drivers, we estimate revenue CAGR of 13% and bottom-line CAGR of 27% from FY21E-23E. Higher replacement volumes, efforts on margin expansion, limited capex (?3bn in FY 21E) and investments in Lithium ion shall yield rich dividends. We maintain BUY on Exide with SOTP target price of Rs 233 (17x times FY 23E EPS standalone business @Rs 203 + Rs 30 of insurance arm valued at 1x embedded value).

  • Jan 05, 2021 13:50 (IST)

    NFL share price rises over 12% on recording best ever urea production in third quarter



    National Fertilizers Limited (NFL) has achieved ever highest production of 9.99 Lakh MT Urea in the third quarter of FY21.

    National Fertilizer stock has risen 7.42% in the last 2 days. The stock opened with a gain of 11.73% today at Rs 42.40 and later touched an intraday high of Rs 42.7, rising 12.52% on BSE as against the last closing value of Rs 37.95. The NFL stock also touched the day's low at Rs 40.10.

    National Fertilizer stock is trading higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages

    NFL shares have risen 4.3% in one week, 9.5% in one month, The NFL share price has given 7% returns since the beginning of the year and 50% in one year. Market cap of the stock stood at Rs 1,984.39 crore as of today. The stock has touched a 52 week high and low of Rs 45 and Rs 15, respectively.

  • 13:50 IST:

    National Fertilizers Limited (NFL) has achieved ever highest production of 9.99 Lakh MT Urea in the third quarter of FY21.

    National Fertilizer stock has risen 7.42% in the last 2 days. The stock opened with a gain of 11.73% today at Rs 42.40 and later touched an intraday high of Rs 42.7, rising 12.52% on BSE as against the last closing value of Rs 37.95. The NFL stock also touched the day's low at Rs 40.10.

    National Fertilizer stock is trading higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages

    NFL shares have risen 4.3% in one week, 9.5% in one month, The NFL share price has given 7% returns since the beginning of the year and 50% in one year. Market cap of the stock stood at Rs 1,984.39 crore as of today. The stock has touched a 52 week high and low of Rs 45 and Rs 15, respectively.

  • Jan 05, 2021 13:37 (IST)

    Outlook 2021 for Real Estate Sector



    Ankit Kansal, Founder & MD, 360 Realtors, “As healthy moderation in the economy sets in, the real estate industry has started to revive. Sales numbers have significantly jumped in most of the major cities in India in the last quarter, painting a positive picture for the coming year. Most of the rating agencies and banks have also estimated that the Indian economy is set to grow in the range of 8-10% in 2021, following a contraction in 2020.

    In 21, organic growth will be the way forward, as the crisis has reinforced the need to own home amongst Indians. Lowered home loan rates, attractive payment plans, and the depreciated value of the rupee will also feed into demand.

    In commercial real estate, markets will continue to recover as leasing activities will gain momentum. Apart from office leasing, Co-working spaces, warehouses, and data centers are expected to register remarkable growth.
    The government is also expected to implement Model Tenancy Act, which will bring a balance between tenant-landlord relationships and boost the rental markets.”

  • 13:37 IST:

    Ankit Kansal, Founder & MD, 360 Realtors, “As healthy moderation in the economy sets in, the real estate industry has started to revive. Sales numbers have significantly jumped in most of the major cities in India in the last quarter, painting a positive picture for the coming year. Most of the rating agencies and banks have also estimated that the Indian economy is set to grow in the range of 8-10% in 2021, following a contraction in 2020.

    In 21, organic growth will be the way forward, as the crisis has reinforced the need to own home amongst Indians. Lowered home loan rates, attractive payment plans, and the depreciated value of the rupee will also feed into demand.

    In commercial real estate, markets will continue to recover as leasing activities will gain momentum. Apart from office leasing, Co-working spaces, warehouses, and data centers are expected to register remarkable growth.
    The government is also expected to implement Model Tenancy Act, which will bring a balance between tenant-landlord relationships and boost the rental markets.”

  • Jan 05, 2021 13:30 (IST)

    Gold outlook

    Angel Broking in its daily metals & energy report said," A weaker U.S. currency made the Dollar-denominated Gold cheaper for other currency holders. The gains were further extended as Gold, the non-yielding metal is considered as a hedge against Inflation and currency debasement. Moreover, worsening of the global economic scenario and mounting worries over the new virus strain which was detected in UK also boosted demand for the safe haven, Gold. The expectation of new restrictions in UK, Japan and South Africa amid uncertainties over the global growth prospects pushed Gold prices higher.


    Revival in the U.S. Dollar might weigh on the yellow metal prices.
    However, mounting worries over the impact of the never-ending
    pandemic is expected to levy some support for the safe haven, Gold. On the MCX, gold prices are expected to trade higher in today’s session."

  • 13:30 IST: Angel Broking in its daily metals & energy report said," A weaker U.S. currency made the Dollar-denominated Gold cheaper for other currency holders. The gains were further extended as Gold, the non-yielding metal is considered as a hedge against Inflation and currency debasement. Moreover, worsening of the global economic scenario and mounting worries over the new virus strain which was detected in UK also boosted demand for the safe haven, Gold. The expectation of new restrictions in UK, Japan and South Africa amid uncertainties over the global growth prospects pushed Gold prices higher.


    Revival in the U.S. Dollar might weigh on the yellow metal prices.
    However, mounting worries over the impact of the never-ending
    pandemic is expected to levy some support for the safe haven, Gold. On the MCX, gold prices are expected to trade higher in today’s session."

  • Jan 05, 2021 13:25 (IST)

    Nifty technical outlook




    Sameet Chavan, Chief Analyst-Technical and Derivatives - Angel Broking said," The bulls are reluctant to give up and the intraday dip again witnessed good buying interest from market participants. Nifty continued to make new milestones and all the sectors, except banking, participated in the up move yesterday. So the trend continues to be positive with no signs of reversal. However, at all-time highs, usually retracement and extensions of the previous moves works well to determine the resistances. When applied certain retracement to the recent correction and an extension to first the price upmove from the March low, the resistance for Nifty comes in the range of 14170-14200 which is not very far from yesterday’s close. Hence, it would be crucial to see how the index behaves around this resistance and thus market participants should be vigilant of the same. It is definitely not advisable to take any contra calls in anticipation of any reversal as we are trading in a strong uptrend, but traders should prefer to book timely profits on existing positions and tighten the risk management part of the trade. The immediate support for the Nifty is placed at 13950 and now becomes a sacrosanct for this leg of upmove."

  • 13:25 IST:


    Sameet Chavan, Chief Analyst-Technical and Derivatives - Angel Broking said," The bulls are reluctant to give up and the intraday dip again witnessed good buying interest from market participants. Nifty continued to make new milestones and all the sectors, except banking, participated in the up move yesterday. So the trend continues to be positive with no signs of reversal. However, at all-time highs, usually retracement and extensions of the previous moves works well to determine the resistances. When applied certain retracement to the recent correction and an extension to first the price upmove from the March low, the resistance for Nifty comes in the range of 14170-14200 which is not very far from yesterday’s close. Hence, it would be crucial to see how the index behaves around this resistance and thus market participants should be vigilant of the same. It is definitely not advisable to take any contra calls in anticipation of any reversal as we are trading in a strong uptrend, but traders should prefer to book timely profits on existing positions and tighten the risk management part of the trade. The immediate support for the Nifty is placed at 13950 and now becomes a sacrosanct for this leg of upmove."

  • Jan 05, 2021 13:06 (IST)

    Market outlook

    Anuj Gupta , Deputy Vice President – Research - (Commodities and Currencies), Angel Broking said,"Yesterday gold prices on MCX increased by 2.35% and closed at 51424 levels and silver increased by 2.81% and closed at 70036 levels. This was due to increasing corona virus cases, and cause of  rising hospitalizations and deaths, which impact negatively on US Dollar. The U.S. saw at least 201,476 new COVID-19 cases on Sunday, and at least 1,353 people died.

     

    US Dollar is trading at 89.50 levels which is the lowest level since year 2018. The trend of gold and silver are positive so traders can buy gold and silver for trading perspective.

     

    As for today traders can go for BUY in gold at Rs 51300 levels with the stop loss of Rs 51000 levels for the target   of 51700 levels. They can also go for BUY  in Silver at Rs 70000 levels, with the stop loss of 69000 levels and for the target of 71500 levels. We expect gold may test $1950 levels and silver may test $28 levels soon."

  • 13:06 IST: Anuj Gupta , Deputy Vice President – Research - (Commodities and Currencies), Angel Broking said,"Yesterday gold prices on MCX increased by 2.35% and closed at 51424 levels and silver increased by 2.81% and closed at 70036 levels. This was due to increasing corona virus cases, and cause of  rising hospitalizations and deaths, which impact negatively on US Dollar. The U.S. saw at least 201,476 new COVID-19 cases on Sunday, and at least 1,353 people died.

     

    US Dollar is trading at 89.50 levels which is the lowest level since year 2018. The trend of gold and silver are positive so traders can buy gold and silver for trading perspective.

     

    As for today traders can go for BUY in gold at Rs 51300 levels with the stop loss of Rs 51000 levels for the target   of 51700 levels. They can also go for BUY  in Silver at Rs 70000 levels, with the stop loss of 69000 levels and for the target of 71500 levels. We expect gold may test $1950 levels and silver may test $28 levels soon."

  • Jan 05, 2021 12:55 (IST)

    Market hits new high

    In a volatile trading session, market indices turned positive by the afternoon session, on Tuesday, amid mixed global equities. Extending gains for the tenth straight session,  Sensex was trading 90 points higher at 48,226 and Nifty gained by 18 points higher at 14,151. During today's session, Sensex hit a lifetime high of 48,283 and Nifty rose to a new high of 14,151.

  • 12:55 IST: In a volatile trading session, market indices turned positive by the afternoon session, on Tuesday, amid mixed global equities. Extending gains for the tenth straight session,  Sensex was trading 90 points higher at 48,226 and Nifty gained by 18 points higher at 14,151. During today's session, Sensex hit a lifetime high of 48,283 and Nifty rose to a new high of 14,151.

  • Jan 05, 2021 12:40 (IST)

    Nifty Outlook




    Geojit Financial said in its note," Having come inside our target region of 14091-14200, volatility is favoured to step up, as indicated by standard deviation studies. An outright fall is less favoured, and a dip into 14000-13740 region will be in line with the volatility expectations, while also keeping upside hopes alive."

     

  • 12:40 IST:


    Geojit Financial said in its note," Having come inside our target region of 14091-14200, volatility is favoured to step up, as indicated by standard deviation studies. An outright fall is less favoured, and a dip into 14000-13740 region will be in line with the volatility expectations, while also keeping upside hopes alive."

     

  • Jan 05, 2021 12:32 (IST)

    Global markets turn volatile

    Asian markets are trading mixed with a negative bias tracking overnight fall in US markets as pandemic fear grew with UK PM announcing national lockdown on England. US markets were closed lower on the first trading day of the near year after opening at new highs. Markets retreat pandemic fears and outcome of runoff elections in Georgia added nervousness European markets moved up on the first day of trading in 2021 despite fear over rising COVID-19 cases. UK PM announced a national lockdown on England.

  • 12:32 IST: Asian markets are trading mixed with a negative bias tracking overnight fall in US markets as pandemic fear grew with UK PM announcing national lockdown on England. US markets were closed lower on the first trading day of the near year after opening at new highs. Markets retreat pandemic fears and outcome of runoff elections in Georgia added nervousness European markets moved up on the first day of trading in 2021 despite fear over rising COVID-19 cases. UK PM announced a national lockdown on England.

  • Jan 05, 2021 12:15 (IST)

    Rupee slips 13 paise to 73.15 per dollar

    Indian rupee depreciated by 13 paise to 73.15 per US dollar on Tuesday's opening trade, tracking the muted opening in domestic equities.

    The domestic unit was trading in a narrow range. It opened at 73.02 against the US dollar at the interbank forex market and later fell to 73.15 against the greenback, registering a fall of 13 paise over its previous close.

    Rupee slips 13 paise to 73.15 per dollar amid weak equities, flat Asian currencies

  • 12:15 IST: Indian rupee depreciated by 13 paise to 73.15 per US dollar on Tuesday's opening trade, tracking the muted opening in domestic equities.

    The domestic unit was trading in a narrow range. It opened at 73.02 against the US dollar at the interbank forex market and later fell to 73.15 against the greenback, registering a fall of 13 paise over its previous close.

    Rupee slips 13 paise to 73.15 per dollar amid weak equities, flat Asian currencies

  • Jan 05, 2021 12:02 (IST)

    Market outlook



    Binod Modi Head-Strategy at Reliance Securities said," Domestic equities are not looking inspiring at the moment with Asian bourses trading lower taking cues from US markets. US equities fell sharply mainly led by mounting concerns over potential rise in borrowing costs after the 10-Year Treasury break-even rate rose over 2 per cent yesterday and rise in COVID-19 cases along with resultant lockdowns. Fresh lockdown announced in Britain until at least mid-February weighed on investors' sentiment. All eyes would be on Georgia's run-off elections, in which two Senate seats have the potential to create fresh volatility in the markets".

     

  • 12:02 IST:

    Binod Modi Head-Strategy at Reliance Securities said," Domestic equities are not looking inspiring at the moment with Asian bourses trading lower taking cues from US markets. US equities fell sharply mainly led by mounting concerns over potential rise in borrowing costs after the 10-Year Treasury break-even rate rose over 2 per cent yesterday and rise in COVID-19 cases along with resultant lockdowns. Fresh lockdown announced in Britain until at least mid-February weighed on investors' sentiment. All eyes would be on Georgia's run-off elections, in which two Senate seats have the potential to create fresh volatility in the markets".

     

  • Jan 05, 2021 11:56 (IST)

    Rupee outlook

    Kshitij Purohit, Lead Currency & Commodities at CapitalVia Global Research Lt.- Investment Advisor said,"The Indian Rupee closed higher against the US Dollar, Due to broad decline in the dollar index. The minutes of the December Fed meeting due this week could reinforce that dovish stance which could continue to weigh on the greenback. FPI bought $168 million in local equity to help domestic pair to be on the higher side. However rising Covid-19 cases push investors towards safe haven, Technically USDINR Spot took the support of 72.80 and is facing the resistance of 73.20 levels. Closing above 73.20 will indicate that bullish trade will continue towards 73.50 – 73.60 level. Support for the pair is 72.80 levels below it can go 72.50 levels."

     

  • 11:56 IST: Kshitij Purohit, Lead Currency & Commodities at CapitalVia Global Research Lt.- Investment Advisor said,"The Indian Rupee closed higher against the US Dollar, Due to broad decline in the dollar index. The minutes of the December Fed meeting due this week could reinforce that dovish stance which could continue to weigh on the greenback. FPI bought $168 million in local equity to help domestic pair to be on the higher side. However rising Covid-19 cases push investors towards safe haven, Technically USDINR Spot took the support of 72.80 and is facing the resistance of 73.20 levels. Closing above 73.20 will indicate that bullish trade will continue towards 73.50 – 73.60 level. Support for the pair is 72.80 levels below it can go 72.50 levels."

     

  • Jan 05, 2021 11:43 (IST)

    YES Bank share falls 2% today



    YES Bank share was trading 2% lower in early trade of Tuesday, in line with other private and public banking indices and major indices Sensex and Nifty.
     
    Extending losses for the second session, the stock price of YES Bank opened lower at Rs 17.95 today and fell to day's low of Rs 17.70, down 1.9%  against the last close of Rs 18.05. Later, the stock to rose to a high of Rs 18.25 on BSE.

    In today's update, YES Bank announced that it has registered 1.3% growth on a sequential basis in loans and advances to Rs 1.69 lakh crore during the December quarter. Lender's deposits grew 7.7% to Rs 1.46 lakh crore in the quarter, compared to Rs 1.36 lakh crore in the September quarter.

    The gross retail disbursements during the December quarter stood at Rs 7,563 crore, up 109% compared with Rs 3,764 crore in the September quarter.

  • 11:43 IST:

    YES Bank share was trading 2% lower in early trade of Tuesday, in line with other private and public banking indices and major indices Sensex and Nifty.
     
    Extending losses for the second session, the stock price of YES Bank opened lower at Rs 17.95 today and fell to day's low of Rs 17.70, down 1.9%  against the last close of Rs 18.05. Later, the stock to rose to a high of Rs 18.25 on BSE.

    In today's update, YES Bank announced that it has registered 1.3% growth on a sequential basis in loans and advances to Rs 1.69 lakh crore during the December quarter. Lender's deposits grew 7.7% to Rs 1.46 lakh crore in the quarter, compared to Rs 1.36 lakh crore in the September quarter.

    The gross retail disbursements during the December quarter stood at Rs 7,563 crore, up 109% compared with Rs 3,764 crore in the September quarter.

  • Jan 05, 2021 11:37 (IST)

    This Tata Group stock gave 180% returns in 9 months

    Shares of Tata Steel rallied nearly 9 per cent in intraday trade to Rs 699.45 on the Bombay Stock Exchange on Monday after the steel major said it transferred its stake in two companies to Tata Steel Downstream Products Ltd (TSDPL), a wholly- owned subsidiary of the firm, as part of reorganising its India footprint. The shares of Tata Group company have soared 180 per cent from its 52-week low of Rs 250.90 as on March 30, 2020, while it gained 14 per cent over the last one month.    

    Earlier today, Tata Steel share price opened marginally higher at Rs 646.55 against the previous closing price of Rs 643.10 on the BSE. During the day's trade, the stock hit 52-week high of Rs 699.45, before settling at Rs 692.75, up 7.72 per cent. The market cap of the large cap stock increased to Rs 79,382.18 crore.  Meanwhile, the BSE benchmark SENSEX ended at 48,176, up 307 points or 0.64 per cent.   

    This Tata Group stock gave 180% returns in 9 months; should you subscribe?

  • 11:37 IST: Shares of Tata Steel rallied nearly 9 per cent in intraday trade to Rs 699.45 on the Bombay Stock Exchange on Monday after the steel major said it transferred its stake in two companies to Tata Steel Downstream Products Ltd (TSDPL), a wholly- owned subsidiary of the firm, as part of reorganising its India footprint. The shares of Tata Group company have soared 180 per cent from its 52-week low of Rs 250.90 as on March 30, 2020, while it gained 14 per cent over the last one month.    

    Earlier today, Tata Steel share price opened marginally higher at Rs 646.55 against the previous closing price of Rs 643.10 on the BSE. During the day's trade, the stock hit 52-week high of Rs 699.45, before settling at Rs 692.75, up 7.72 per cent. The market cap of the large cap stock increased to Rs 79,382.18 crore.  Meanwhile, the BSE benchmark SENSEX ended at 48,176, up 307 points or 0.64 per cent.   

    This Tata Group stock gave 180% returns in 9 months; should you subscribe?

  • Jan 05, 2021 11:25 (IST)

    Top losers and gainers

    ONGC, M&M, NTPC, Bajaj Auto, Kotak Bank, ICICI Bank and Reliance Industries were among the top gainers on Sensex pack. On the other hand, Axis Bank, HDFC, TCS and HUL were among the gainers.

     

  • 11:25 IST: ONGC, M&M, NTPC, Bajaj Auto, Kotak Bank, ICICI Bank and Reliance Industries were among the top gainers on Sensex pack. On the other hand, Axis Bank, HDFC, TCS and HUL were among the gainers.

     

  • Jan 05, 2021 11:23 (IST)

    Multiplex stocks rally on approval of vaccine



    Keshav Lahoti-Associate Equity Analyst, Angel Broking said,"The Drugs Controller General of India (DCGI) last Sunday approved the Oxford coronavirus vaccine and Bharat Biotech's Covaxin, making it India's first vaccines against the pandemic. India is set to begin the world's biggest Covid-19 vaccination programme. Due to optimism around vaccines, revenue visibility of sectors such as multiplex is improving. Due to this, multiplex stocks such as Inox Leisure & PVR closed up by 5.9% and 4.4% respectively. Secondly, due to Covid-19 entire theatre industry has suffered heavy losses, this has led to closure of many single screens. In the long run, Covid-19 will lead to consolidation in the industry benefitting multiplex players like Inox Leisure & PVR. From an investment point of view, we are bullish on PVR and Inox Leisure as due to Covid-19 these stocks have corrected ~40% and long term fundamentals are still intact. We prefer Inox Leisure over PVR as Inox has better financial condition than PVR and it is available at lower valuation than PVR."

  • 11:23 IST:

    Keshav Lahoti-Associate Equity Analyst, Angel Broking said,"The Drugs Controller General of India (DCGI) last Sunday approved the Oxford coronavirus vaccine and Bharat Biotech's Covaxin, making it India's first vaccines against the pandemic. India is set to begin the world's biggest Covid-19 vaccination programme. Due to optimism around vaccines, revenue visibility of sectors such as multiplex is improving. Due to this, multiplex stocks such as Inox Leisure & PVR closed up by 5.9% and 4.4% respectively. Secondly, due to Covid-19 entire theatre industry has suffered heavy losses, this has led to closure of many single screens. In the long run, Covid-19 will lead to consolidation in the industry benefitting multiplex players like Inox Leisure & PVR. From an investment point of view, we are bullish on PVR and Inox Leisure as due to Covid-19 these stocks have corrected ~40% and long term fundamentals are still intact. We prefer Inox Leisure over PVR as Inox has better financial condition than PVR and it is available at lower valuation than PVR."

  • Jan 05, 2021 11:07 (IST)

    PMI manufacturing for Dec

    Jyoti Roy - DVP- Equity Strategist, Angel Broking said,"Indian manufacturing PMI for December came in at 56.4 as compared to 56.3 in November and marks the fifth continuous month of expansion. The expansion for the month of December was driven by improvement in factory orders which led to firms increasing production. The PMI numbers reflect solid expansion in the manufacturing sector which has led the economic recovery since the Covid lows. The services PMI too has now been above 50 for two months in a row since October. Markets will be keenly awaiting the services PMI numbers for December which is also expected to point to another month of solid expansion for December."

  • 11:07 IST: Jyoti Roy - DVP- Equity Strategist, Angel Broking said,"Indian manufacturing PMI for December came in at 56.4 as compared to 56.3 in November and marks the fifth continuous month of expansion. The expansion for the month of December was driven by improvement in factory orders which led to firms increasing production. The PMI numbers reflect solid expansion in the manufacturing sector which has led the economic recovery since the Covid lows. The services PMI too has now been above 50 for two months in a row since October. Markets will be keenly awaiting the services PMI numbers for December which is also expected to point to another month of solid expansion for December."

  • Jan 05, 2021 10:50 (IST)

    Bajaj Auto sales for Dec

    Jyoti Roy - DVP- Equity Strategist, Angel Broking said: "Bajaj Auto total sales for December 2020 were up 11% YoY to 372,532 units. Domestic sales were down by 9.0% YoY to 139,606 units while exports registered strong growth of 27% YoY to 232,926 units. Two wheeler sales were up by 19.0% YoY at 338,584 units with domestic and exports registering growth of 4% and 31% YoY respectively. Commercial vehicles sales continue to remain under pressure, down by 34% YoY at 33,948 units. Domestic commercial vehicles sales were down by 62% YoY to 10,964 units while exports grew by 3.0% YoY to 22,984 units. Bajaj Auto’s numbers reflect the slowdown in the domestic two wheeler industry post the festive season. However exports continue to register strong growth driven by two wheeler exports. Domestic CV segment continues to remain under pressure and is expected to recover only in FY22."

  • 10:50 IST: Jyoti Roy - DVP- Equity Strategist, Angel Broking said: "Bajaj Auto total sales for December 2020 were up 11% YoY to 372,532 units. Domestic sales were down by 9.0% YoY to 139,606 units while exports registered strong growth of 27% YoY to 232,926 units. Two wheeler sales were up by 19.0% YoY at 338,584 units with domestic and exports registering growth of 4% and 31% YoY respectively. Commercial vehicles sales continue to remain under pressure, down by 34% YoY at 33,948 units. Domestic commercial vehicles sales were down by 62% YoY to 10,964 units while exports grew by 3.0% YoY to 22,984 units. Bajaj Auto’s numbers reflect the slowdown in the domestic two wheeler industry post the festive season. However exports continue to register strong growth driven by two wheeler exports. Domestic CV segment continues to remain under pressure and is expected to recover only in FY22."

  • Jan 05, 2021 10:44 (IST)

    Tesla shares open 2021 at record high

    Tesla Inc shares rose to a record high in the first trading session of 2021, extending last year's more than eight-fold surge that helped it become the world's most valuable carmaker.

    The company on Saturday beat Wall Street targets for annual vehicle deliveries, but missed by 450 units Chief Executive Officer Elon Musk's target of half a million cars in 2020.

    The stock's meteoric rise was supported by five straight quarters of profit, which helped the electric-car maker stand out in the global auto industry that has been witnessing a slump in sales, quarterly losses and supply chain disruptions.

    Tesla shares open 2021 at record high

  • 10:44 IST: Tesla Inc shares rose to a record high in the first trading session of 2021, extending last year's more than eight-fold surge that helped it become the world's most valuable carmaker.

    The company on Saturday beat Wall Street targets for annual vehicle deliveries, but missed by 450 units Chief Executive Officer Elon Musk's target of half a million cars in 2020.

    The stock's meteoric rise was supported by five straight quarters of profit, which helped the electric-car maker stand out in the global auto industry that has been witnessing a slump in sales, quarterly losses and supply chain disruptions.

    Tesla shares open 2021 at record high

  • Jan 05, 2021 10:40 (IST)

    Bitcoin rally wavers, falls over 17% from record high of $34,800

    Bitcoin, the world's largest cryptocurrency, plunged sharply on Monday, after soaring to record high of $34,800 (roughly Rs 25.4 lakh) on Sunday, as traders resorted to selling on grounds of volatility in highly leveraged futures markets.

    The digital currency declined as much as 17 per cent in intra-day to slip below $30,000 levels, the biggest slump since March, before recovering to $31,227, down 7 per cent, as of 12:59 PM in London.

    The fall in the cryptocurrency, however, was much smaller as compared to a 50 per cent rally in the month of December alone, when it breached $20,000 for the first time.

    Bitcoin rally wavers, falls over 17% from record high of $34,800

  • 10:40 IST: Bitcoin, the world's largest cryptocurrency, plunged sharply on Monday, after soaring to record high of $34,800 (roughly Rs 25.4 lakh) on Sunday, as traders resorted to selling on grounds of volatility in highly leveraged futures markets.

    The digital currency declined as much as 17 per cent in intra-day to slip below $30,000 levels, the biggest slump since March, before recovering to $31,227, down 7 per cent, as of 12:59 PM in London.

    The fall in the cryptocurrency, however, was much smaller as compared to a 50 per cent rally in the month of December alone, when it breached $20,000 for the first time.

    Bitcoin rally wavers, falls over 17% from record high of $34,800

  • Jan 05, 2021 10:39 (IST)

    Bharat Electronics outlook

    Reliance Research gave a Buy rating to Bharat Electronics (BEL) and said," The company is well-placed to leverage its expertise in growing defence capex led by strong execution track record with large manufacturing base, preferred vendor of the GoI (being a PSU), innovative products, collaboration with foreign partners and R&D focus. BEL is amongst few defence PSUs having a debt-free balance sheet, efficient working capital management, adequate R&D spend, technology absorption, track record of executing large projects, strong cash flow and prudent capital allocation. We initiate coverage on BEL with BUY and a 2-Year Target Price of Rs170, valuing the stock at 15x of FY23E earnings (discount to its long-term average of 16x).

     

  • 10:39 IST: Reliance Research gave a Buy rating to Bharat Electronics (BEL) and said," The company is well-placed to leverage its expertise in growing defence capex led by strong execution track record with large manufacturing base, preferred vendor of the GoI (being a PSU), innovative products, collaboration with foreign partners and R&D focus. BEL is amongst few defence PSUs having a debt-free balance sheet, efficient working capital management, adequate R&D spend, technology absorption, track record of executing large projects, strong cash flow and prudent capital allocation. We initiate coverage on BEL with BUY and a 2-Year Target Price of Rs170, valuing the stock at 15x of FY23E earnings (discount to its long-term average of 16x).

     

  • Jan 05, 2021 10:33 (IST)

    BEML outlook



    Reliance Research gave a Buy rating to BEML and said,"We believe BEML is well-placed to capitalize on the imminent opportunities in mining, defence and Railway & Metro space. The mining sector, which is now open for private sector participation, is likely to boost domestic production and reduce imports. Further, initiatives i.e. “Atmanirbhar Bharat”, “Make in India”, import ban on 101 items and hike in FDI limit in defence to 74% along with strong ordering activities in railways and metro rail augur well for BEML. As BEML is a potential divestment candidate, we believe higher multiple is likely to sustain given improving earnings profile. We initiate coverage on BEML with BUY and a 2-Year Target Price of Rs1,335, valuing the stock at 40x of FY23E EPS (discount to its long-term average of ~60x)."

  • 10:33 IST:

    Reliance Research gave a Buy rating to BEML and said,"We believe BEML is well-placed to capitalize on the imminent opportunities in mining, defence and Railway & Metro space. The mining sector, which is now open for private sector participation, is likely to boost domestic production and reduce imports. Further, initiatives i.e. “Atmanirbhar Bharat”, “Make in India”, import ban on 101 items and hike in FDI limit in defence to 74% along with strong ordering activities in railways and metro rail augur well for BEML. As BEML is a potential divestment candidate, we believe higher multiple is likely to sustain given improving earnings profile. We initiate coverage on BEML with BUY and a 2-Year Target Price of Rs1,335, valuing the stock at 40x of FY23E EPS (discount to its long-term average of ~60x)."

  • Jan 05, 2021 10:01 (IST)

    Gold market overview



    Kshitij Purohit, Lead Commodity & Currency at CapitalVia Global Research Ltd. - Investment Advisor said: Gold futures closed around 25 percent higher last year, with most of the gains between March 16 and August 7 arising as aggressive monetary and fiscal stimulus plans were still being announced and enforced by central banks and governments. The Fed gave dollars to anyone that wanted them, and gold prices rose according since at that time, investors were still operating under “weak dollar, strong gold” cruise control. So, starting out 2021, trader reaction to 50% to 61.8% of last year’s range at $1780.50 to $1705.20 will set the tone for the year, at least technically.

    Strategy For the upcoming week, traders should go for buy-on-dips strategy for Comex Gold. The ideal range for buy position is lies around the previous week’s support level around $1870 by maintaining strict stoploss level at $1855 - $1850.

    In MCX gold, traders should go for buying at a level of 49900, by keeping a target level of 51260 and parallelly set a stop loss level of 49675.

  • 10:01 IST:

    Kshitij Purohit, Lead Commodity & Currency at CapitalVia Global Research Ltd. - Investment Advisor said: Gold futures closed around 25 percent higher last year, with most of the gains between March 16 and August 7 arising as aggressive monetary and fiscal stimulus plans were still being announced and enforced by central banks and governments. The Fed gave dollars to anyone that wanted them, and gold prices rose according since at that time, investors were still operating under “weak dollar, strong gold” cruise control. So, starting out 2021, trader reaction to 50% to 61.8% of last year’s range at $1780.50 to $1705.20 will set the tone for the year, at least technically.

    Strategy For the upcoming week, traders should go for buy-on-dips strategy for Comex Gold. The ideal range for buy position is lies around the previous week’s support level around $1870 by maintaining strict stoploss level at $1855 - $1850.

    In MCX gold, traders should go for buying at a level of 49900, by keeping a target level of 51260 and parallelly set a stop loss level of 49675.

  • Jan 05, 2021 09:51 (IST)

    Disinvestment in BEML

    Yash Gupta Equity Research Associate, Angel Broking said," BEML promoter of the company has decided to disinvest 26% of total equity share capital. BEML Limited is a Mini Ratna company of the Government of India, government of India holds a controlling stake of 54.03% of total equity share capital of the company. Government of India has decided to disinvest 26% of paid up share capital of the company through strategic disinvestment along with transfer of management control of the company. The Company operates under 3 major business verticals - viz. Mining & Construction, Defence, and Rail & Metro. Gol has appointed SBI Capital Markets Limited (SBICAP) as its Transaction Advisor to advise and manage the strategic disinvestment process. The disinvestment process will be implemented through an open competitive bidding route and any global or domestic company can place their bid for the control stake in the company. BEML has fixed 1st of march 2021 as the last date for submitting EOI. We expect this process to take a long time to implement and as the government of India has not chosen the route of Offer for Sales so the price will not be offered by the promoter. We expect BEML will get some good investors or Company as GOI of India has decided to transfer management control also."

  • 09:51 IST: Yash Gupta Equity Research Associate, Angel Broking said," BEML promoter of the company has decided to disinvest 26% of total equity share capital. BEML Limited is a Mini Ratna company of the Government of India, government of India holds a controlling stake of 54.03% of total equity share capital of the company. Government of India has decided to disinvest 26% of paid up share capital of the company through strategic disinvestment along with transfer of management control of the company. The Company operates under 3 major business verticals - viz. Mining & Construction, Defence, and Rail & Metro. Gol has appointed SBI Capital Markets Limited (SBICAP) as its Transaction Advisor to advise and manage the strategic disinvestment process. The disinvestment process will be implemented through an open competitive bidding route and any global or domestic company can place their bid for the control stake in the company. BEML has fixed 1st of march 2021 as the last date for submitting EOI. We expect this process to take a long time to implement and as the government of India has not chosen the route of Offer for Sales so the price will not be offered by the promoter. We expect BEML will get some good investors or Company as GOI of India has decided to transfer management control also."

  • Jan 05, 2021 09:37 (IST)

    Opening session

    Market indices reversed trend today and turned bearish after nine sessions of straight gains on Tuesday, in line with weak global equities. Sensex traded 100 points lower at 48,037 and Nifty fell by 57 points to 14,032.

  • 09:37 IST: Market indices reversed trend today and turned bearish after nine sessions of straight gains on Tuesday, in line with weak global equities. Sensex traded 100 points lower at 48,037 and Nifty fell by 57 points to 14,032.

  • Jan 05, 2021 09:36 (IST)

    Nifty F&O outlook

    Sneha Seth (Derivatives Analyst, Angel Broking) said: In F&O space, we saw addition of fresh long positions in Nifty and mixed positions were formed in case of banking index. Long positions formed in last series have been rolled over to January series and are still intact. Stronger hand too preferred rolling over longs and now their index futures ‘Long Short Ratio’ stands at 75%. Today, despite sharp profit booking in the early morning trade put writers of 14000 and 14100 strikes preferred holding their positions strongly and this resulting V-shaped recovery. On the flip side, decent open interest addition was visible in 14100, 14200 and 14400 call options and we believe these are longs. Maximum open interest concentration remains intact in 14000 put and 14200 call options. Considering the above data points, we expect further upside towards 14200-14250 in the coming session. On the downside, 13900-14000 is a very strong demand zone.”

     

  • 09:36 IST: Sneha Seth (Derivatives Analyst, Angel Broking) said: In F&O space, we saw addition of fresh long positions in Nifty and mixed positions were formed in case of banking index. Long positions formed in last series have been rolled over to January series and are still intact. Stronger hand too preferred rolling over longs and now their index futures ‘Long Short Ratio’ stands at 75%. Today, despite sharp profit booking in the early morning trade put writers of 14000 and 14100 strikes preferred holding their positions strongly and this resulting V-shaped recovery. On the flip side, decent open interest addition was visible in 14100, 14200 and 14400 call options and we believe these are longs. Maximum open interest concentration remains intact in 14000 put and 14200 call options. Considering the above data points, we expect further upside towards 14200-14250 in the coming session. On the downside, 13900-14000 is a very strong demand zone.”

     

  • Jan 05, 2021 09:34 (IST)

    Stocks in news: HDFC, Bajaj Finance, Edelweiss Financial, Sun Pharma, NBCC, L&T



    Stocks to watch today on January 5: HDFC, Bajaj Finance, Edelweiss Financial, Sun Pharma, NBCC, L&T among others are the top stocks to watch out for in Tuesday's trading session

    Stocks in news: HDFC, Bajaj Finance, Edelweiss Financial, Sun Pharma, NBCC, L&T

  • 09:34 IST:

    Stocks to watch today on January 5: HDFC, Bajaj Finance, Edelweiss Financial, Sun Pharma, NBCC, L&T among others are the top stocks to watch out for in Tuesday's trading session

    Stocks in news: HDFC, Bajaj Finance, Edelweiss Financial, Sun Pharma, NBCC, L&T

  • Jan 05, 2021 09:19 (IST)

    FII action

    Foreign portfolio investors (FPIs) bought shares worth Rs 1,843.22 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 715.21 crore in the Indian equity market on 4 January, provisional data showed.

     


     

  • 09:19 IST:

    Foreign portfolio investors (FPIs) bought shares worth Rs 1,843.22 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 715.21 crore in the Indian equity market on 4 January, provisional data showed.

     


     

  • Jan 05, 2021 09:18 (IST)

    Weak global equities


    Overseas, Asian stocks are trading mixed in Tuesday trade following an overnight drop on Wall Street amid concerns about global coronavirus cases and the Georgia runoff elections.

    In the U.K., Prime Minister Boris Johnson imposed a national lockdown on England to curb the spread of the new coronavirus variant.

  • 09:18 IST:
    Overseas, Asian stocks are trading mixed in Tuesday trade following an overnight drop on Wall Street amid concerns about global coronavirus cases and the Georgia runoff elections.

    In the U.K., Prime Minister Boris Johnson imposed a national lockdown on England to curb the spread of the new coronavirus variant.

  • Jan 05, 2021 09:17 (IST)

    Rupee closing

    On the currency front, the Indian rupee opened 21 paise higher at 72.90 and later closed 9 paise higher at 73.02 against the US dollar on Monday, supported by sustained foreign fund inflows and weakness of the American currency in the overseas market. Positive domestic equities and news on COVID-19 vaccine also improved sentiments. On Friday, the rupee had settled at 73.11 against the American currency.

  • 09:17 IST:

    On the currency front, the Indian rupee opened 21 paise higher at 72.90 and later closed 9 paise higher at 73.02 against the US dollar on Monday, supported by sustained foreign fund inflows and weakness of the American currency in the overseas market. Positive domestic equities and news on COVID-19 vaccine also improved sentiments. On Friday, the rupee had settled at 73.11 against the American currency.

  • Jan 05, 2021 09:12 (IST)

    Market outlook



    Reliance Research in its report said," NSE-NIFTY begun week on a strong note, wherein the index witnessed V-shape recovery after a sharp decline and closed on a record high. Yesterday, buying across the board, especially IT, Metal and frontline majors supported the up-move. Overall market remained positive and FII continued their buying trend. This could lead the index towards 14,300-14,500 level. In case of decline, the index will find support at 13,950 level initially and 13,800 mark subsequently.

    As for the day, support is placed at around 13,937 and then at 13,893 levels, while resistance is observed at 14,026 and then at 14,069 levels."

  • 09:12 IST:

    Reliance Research in its report said," NSE-NIFTY begun week on a strong note, wherein the index witnessed V-shape recovery after a sharp decline and closed on a record high. Yesterday, buying across the board, especially IT, Metal and frontline majors supported the up-move. Overall market remained positive and FII continued their buying trend. This could lead the index towards 14,300-14,500 level. In case of decline, the index will find support at 13,950 level initially and 13,800 mark subsequently.

    As for the day, support is placed at around 13,937 and then at 13,893 levels, while resistance is observed at 14,026 and then at 14,069 levels."

  • Jan 05, 2021 09:11 (IST)

    Closing on Monday

    On Monday, market indices continued to surge to new record highs on Monday for the ninth straight session, after Drugs Controller General of India (DCGI) granted restricted emergency use authorisation for the Serum Institute of India (SII)'s 'Covishield' and Bharat Biotech's 'Covaxin' vaccines against COVID-19 in India.

    Sensex ended 307 points higher at 48,176 and Nifty gained by 114 points higher at 14,132. During yesterday's session, Sensex hit a lifetime high of 48,220 and Nifty rose to a new high of 14,147

     

  • 09:11 IST: On Monday, market indices continued to surge to new record highs on Monday for the ninth straight session, after Drugs Controller General of India (DCGI) granted restricted emergency use authorisation for the Serum Institute of India (SII)'s 'Covishield' and Bharat Biotech's 'Covaxin' vaccines against COVID-19 in India.

    Sensex ended 307 points higher at 48,176 and Nifty gained by 114 points higher at 14,132. During yesterday's session, Sensex hit a lifetime high of 48,220 and Nifty rose to a new high of 14,147