Stock Market Highlights: Sensex rallies 437 points, Nifty ends above 13,600; Small, Midcaps outshine

Market At Close

Market Closes Higher, Led By IT Majors Like Infosys & TCS

Midcap Index Outperforms Sensex, Nifty & Nifty Bank

Sensex, Nifty & Nifty Bank Gain 1% Each While Nifty Bank Climbs Over 2%

Nifty Closes 135 Pts Higher At 13,601 & Sensex 437 Pts Higher At 46,444

Nifty Bank Gains 257 Pts To 29,883 & Midcap Index 475 Pts To 20,440

Realty Index Gains The Most Amongst Indices; Godrej & Indiabulls Real Top Gainers

40 Nifty Stocks Close In The Green; Wipro, Cipla, Tata Steel, Infy Top Gainers

Dish TV Surges 11% On Reports Of Changes To DTH Policy

NCC Considering Issuing Warrants To Promoters Helps Stock Gain Over 10%

Aviation Stocks Move Higher On Minister’s Comment Of Reaching Pre-COVID Lvls Soon

Market Breadth Favours Advances With NSE Advance-Decline Ratio At 7:1

Manish Hathiramani, Proprietary Index Trader and Technical Analyst, Deen Dayal Investments

The Nifty has gained over 50 percent of the sharp fall it had earlier this week. What needs to be seen is if we are able to cross the 13,700-13,800 levels on a closing basis as that could prove to be a runway to achieving 14,000. I would still suggest caution until we have not crossed the above levels.

Closing Bell | The Indian market ended 1 percent higher on Wednesday led by strong gains in IT, FMCG and PSU banks. The benchmark Sensex jumped 437.49 points or 0.95 percent to 46,444.18, while the Nifty ended 134.80 points or 1.00 percent higher at 13,601.10. Broader markets, Nifty Midcap100 and Nifty Smallcap100 outperformed the benchmarks with more than 2 percent gains. All the sectoral indices ended in the green.

Market Update | Indian equity market was trading at day's high level with the benchmark Sensex rallying over 400 points. Infosys, Hindustan Unilever, IndusInd Bank, SBI and M&M were the top index gainers.

Dhampur Sugar | The company’s board has approved the expansion of distillery capacity from 1.50 lakh LPD to 2.50 lakh LPD at Asmoli unit in Uttar Pradesh.

Larsen & Toubro | L&T has won orders between Rs 2,500-5,000 crore for the water and waste treatment business. The Water and Effluent Treatment business has secured multiple EPC orders for the execution of rural piped water supply schemes in various districts of Madhya Pradesh. The projects are part of Jal Jeevan Mission and cover the districts of Guna, Ashoknagar, Shivpuri, Agar Malwa Et Singrauli.

Buzzing | Stock price of WPIL surged over 16 percent after the company won two projects. WPIL received letters of intents from Madhya Pradesh Jal Nigam for two projects for an aggregate amount of Rs 851.31 crore to be executed in over 30 months.

Buzzing | Share price of Ramco Systems rallied over 9 percent after the company signed a multi-million dollar deal with a Global Fortune 500 major to unify and transform its Payroll for 18 countries in Asia Pacific region on Ramco’s Managed Payroll Services.

Market Watch: Aditya Agarwala of Yes Securities

Cipla is one stock which I like from the pharmaceutical space. It is on the verge of a breakout from an ascending triangle pattern. At current levels one can go ahead and accumulate Cipla for target of Rs 860 on the upside, keeping a stop loss of Rs 780 on the downside.

Hindustan Unilever (HUL) from the FMCG space is seeing good outperformance and after consolidation, up move is starting in the stock. So one can go ahead and buy HUL at current levels for target of Rs 2,440 on the upside, keeping a stop loss at Rs 2,260 on the downside.

Eicher Motors, whose stock grew Rs 1 lakh to Rs 20 lakh in 10 years, outlines plan for next decade

Eicher Motors is among the top 25 wealth creators over last 25 years according to Motilal Oswal Wealth Creation Study. A market cap of Rs 100 crore in 1995 to Rs 66,000 crore in 2020. Vinod Dasari, CEO of Royal Enfield discussed the future roadmap of the company. “Over the 10 years we have set out a vision very clearly. We need to be a global motorcycling brand and we must be at least a USD 5 billion revenue over the next five-ten years and maintain our margins of north of 20 percent,” he said in an interview with CNBC-TV18. The company has a three-pronged strategy in international market, the developed markets, the emerging markets and the fast growing markets. More here

Infosys fastest wealth creator in 25 years; RIL biggest: MOSL

IT major Infosys has emerged as the fasted wealth creator in the last 25 years. As per Motilal Oswal Financial Services’ annual wealth creation study, Infosys clocked a robust price compound annual growth rate (CAGR) of 30 percent to emerge as the fastest wealth creator between 1995 and 2020. This was backed by a 25-year PAT CAGR of 33 percent, it added. Meanwhile, Reliance Industries was the biggest wealth creator in this period, creating wealth worth Rs 6.3 lakh crore in 25 years, the report noted. However, the study added that most of the gains came in the last five years. Between 2015 and 2020, the firm added Rs 4.4 lakh crore in wealth. It also observed that RIL is significantly ahead of the second-biggest wealth creator HUL, which accounted for Rs 4.9 lakh crore wealth. More here