Davos-2022
Davos-2022
Davos-2022
Davos-2022
This article is more than 1 year old.

Stock Market Highlights: Indices close at record levels; Sensex ends 133 points higher; Nifty above 13,950; auto, metal stocks shine

Mini

Stock Market Highlights: Indian benchmark equity indices, Sensex and Nifty ended at record levels on Wednesday led by gains in metal and auto stocks. Broader indices, Nifty Smallcap100 and Nifty Midcap100 supported gains. Among sectors, Nifty Auto, Nifty Metal and Nifty Realty ended over 1 percent each. Banking and pharma stocks remained under pressure.

Stock Market Highlights: Indices close at record levels; Sensex ends 133 points higher; Nifty above 13,950; auto, metal stocks shine
  • Manish Hathiramani, Proprietary Index Trader and Technical Analyst, Deen Dayal Investments

    Once again the Nifty attempted to hit the 14,000 levels but was unable to. From a technical perspective, it is all set to achieve 14,100 as the next level of resistance. It is a matter of time that we see that magical level on our screens! We have good support at 13,600 and any dip should be utilized to enter fresh long positions for higher targets

  • Market At Close

    Last-hour Recovery Helps Sensex & Nifty Close The Session At Record Highs

    Financials Drag Market With 80% Of Nifty Bank Constituents Closing In The Red

    Nifty Closes 49 Points Higher At 13,982 & Sensex 133 Points Higher At 47,746

    Nifty Bank Slips 19 Points To 31,303 While Midcap Index Rises 46 Points To 20,742

    Cement & Metal Names Shine; UltraTech, Shree Cement, Grasim Top Nifty Gainers

    IndusInd Bank, Sun Pharma, Axis Bank, SBI, Bharti Airtel Top Nifty Losers

    Ramco Cement, Sanghi, Heidelberg, India Cements Top Midcap Gainers From cement Pack

    Wockhardt Surges 8% After UK regulator Approves Oxford-AstraZeneca’s COVID Vaccine

    ZF Steering, An Airbag Manufacturer Rises 20% On New Proposal Of Dual Front Airbags

    Balkrishna Gains 4% On Nomura’s Rpt Of Co Being Beneficiary Of Agri Tyre Export Recovery

    Market Breadth Slightly In Favour Of Advances; Advance-decline Ratio At 4:3

  • Closing Bell | Indian benchmark equity indices, Sensex and Nifty ended at record levels on Wednesday led by gains in metal and auto stocks. Broader indices, Nifty Smallcap100 and Nifty Midcap100 supported the rally by ending 0.70 and 0.22 percent higher, respectively. Among sectors, Nifty Auto, Nifty Metal and Nifty Realty ended over 1 percent each. Ending in the red was Nifty PSU Bank and Nifty pharma. 

  • Welspun Corp | The company has received additional orders of approximately 129 KMT valued at Rs 1,200 crore. Out of these orders, approximately 69 KMT would be executed from our Saudi facility, including a single order of 45 KMT from Saudi Aramco, the company said.

  • India’s inflation may fall below 5%; GDP likely to contract by 5.7% in FY21, says Morgan Stanley’s Chetan Ahya
    Retail inflation in India may fall below 5 percent level while the GDP is likely to contract by at 5.7 percent in FY21, said Chetan Ahya, Chief Economist and Global Head of Economics at Morgan…
    Stock Market Highlights: Indices close at record levels; Sensex ends 133 points higher; Nifty above 13,950; auto, metal stocks shine
  • Amarjeet Maurya - AVP - Mid Caps, Angel Broking

    BHEL has won a prestigious order for the supply of 32 Reactor Header Assemblies from the Nuclear Power Corporation of India Limited (NPCIL). As on March 20, the company has order book Is around Rs 1,08,400 crore which provides revenue visibility ~5.3x of FY20 consolidated revenue. Last few years, BHEL is not able to report better numbers on top-line and bottom-line front back of lower order inflow from the power sector (BHEL draws ~75% of its revenue from the Power segment) and Slow-moving receivable.

  • Market Watch: Aditya Agarwala, Yes Securities

    The cement space has been buzzing sicne morning and UltraTech Cement stands out within the cement space. It has broken out from a consolidation pattern. One can go ahead and buy at current levels for a target of Rs 5,450 on the upside keeping a stop loss at Rs 5,080 on the downside.

    MCX, after good up move couple of days back, has gone into consolidation again and I believe it is a matter of time before it resumes its uptrend again. So, during this consolidation, it is a good time to start accumulating the stock. So at current levels, one can look to start buying MCX for a target of Rs 1,870 on the upside keeping a stop loss at Rs 1,690 on the downside.

  • Yearender 2020: Top 10 Indian companies by m-cap
    The Indian markets have not only recovered from the COVID-19 slump witnessed in March this year but also scaled new highs in the months of November and December. For the year 2020, both the…
    Stock Market Highlights: Indices close at record levels; Sensex ends 133 points higher; Nifty above 13,950; auto, metal stocks shine
  • Munjal Showa | The company’s promoter Showa Corporation, Japan will sell 1.10 percent stake. After the said disposal, Showa Corporation will hold 99,60,027 (24.90 percent) shares.

  • Commodity Update: Gold rises as dollar weakens despite delayed U.S. stimulus vote

    Gold prices gained on Wednesday as the dollar weakened, with investors looking past a top U.S. Republican leader’s decision to postpone a Senate vote on increased pandemic relief payments. Spot gold rose 0.2 percent to $1,881.62 per ounce by 0548 GMT. U.S. gold futures were up 0.2 percent at $1,886.20. “A weaker dollar is enough to create a small upward momentum for confidence to be maintained in gold,” said Michael Langford, director at corporate advisory AirGuide. The dollar index hovered close to a more than two-year low, as traders shrugged off Republican Senate Majority Leader Mitch McConnell’s decision to put off a vote on increasing COVID-19 relief checks to $2,000.

  • Sarda Energy says Govt declares co successful bidder for Gare-Palma-IV/7 & Sahapur West coal mines

  • RITES Ltd | The board of directors of the company have declared an interim dividend at the rate of 50 percent of paid up share capital (Rs 5 per share). Further, the board also fixed January 11, 2021 as the record date for the purpose of payment of dividend. Also, company received a reaffirmed rating of IVR A1+ (IVR Single A One Plus) for Short Term Non-Fund Based Bank Facilities upto an amount of Rs 850 crore from lnfomerics Valuation and Rating Pvt. Ltd.

  • Yes Bank | The bank has appointed Niranjan Banodkar as Group CFO from January 1. Current CFO Anurag Adlakha is appointed Chief Human Resources Officer.

  • Sarda Energy | The shares of the company surged over 5 percent after it has been declared as a successful bidder for Gare-Palma-IV/7 & Sahapur West coal mines by the government.

  • UK approves Oxford-AstraZeneca COVID-19 vaccine
    Britain has become the first country in the world to approve the COVID-19 vaccine developed by Oxford University and AstraZeneca. Get latest Healthcare online at cnbctv18.com
    Stock Market Highlights: Indices close at record levels; Sensex ends 133 points higher; Nifty above 13,950; auto, metal stocks shine
  • Zydus Cadila gets DCGI approval for Saroglitazar Mg

    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 (Obesity, Type 2 Diabetes Mellitus, Dyslipidemia or Metabolic Syndrome) provides the physicians with a viable treatment option.

    With a once daily, 4mg dose regimen, Saroglitazar Mg will enable better compliance, reduces the pill burden and offers the patient more convenience.

  • Just In | Reliance Jio Infocomm has written to Punjab CM and Punjab DGP seeking their intervention into "incidents of sabotage and vandalism at Jio Network sites" in Punjab by unknown persons.

  • RIL completes acquisition of IMG Worldwide LLC's stake in sports management JV

    Reliance Industries Ltd has completed the acquisition of IMG Worldwide LLC’s stake in its sports management joint venture IMG Reliance Ltd (IMG-R). Accordingly, IMG-R has become a wholly-owned subsidiary of the company.

    Consequent to the aforesaid acquisition, the holding of the company along with IMG-R in Football Sports Development Limited (FSDL) is 65 percent and FSDL has become a subsidiary of the company. Read more here.

  • Outlook 2021: Here's how various sectors are likely to perform in 2021

    Indian markets saw a sharp fall in March 2020 and a gradual recovery which has brought us to all-time highs. The pandemic has created massive opportunities for some businesses like pharma, chemical…
    Stock Market Highlights: Indices close at record levels; Sensex ends 133 points higher; Nifty above 13,950; auto, metal stocks shine
  • 2021 will be good for pharma like Divis, Sun Pharma, Ajanta, says MOFSL’s Gautam Duggad


    2021 will be a good year for the pharma sector, said Gautam Duggad, Head of Research-Institutional Equities at Motilal Oswal Financial Services on Wednesday. Speaking with CNBC-TV18, he said, “We are projecting 35-40 percent earnings growth in Q3 of FY21 itself for pharma universe. We like Divis in this space, we continue to have Sun and Lupin in our model portfolio and we also like Ajanta Pharma, Granules. Therefore, I am excited about pharma as far as earnings are concerned for the next 2 years. Things seem to have turned around well in FY21 and they are expected to do well even in FY22.” More here

  • Kalpataru Power Transmission bags orders worth Rs 900 crore


    Kalpataru Power Transmission Ltd (KPTL) on Wednesday said it has secured new orders worth Rs 900 crore in the domestic and overseas markets. The company said it has won orders in the T&D (transmission and distribution) business from the overseas market. In a regulatory filing, Kalpataru Power Transmission Ltd said it has secured new orders/notification of award of about Rs 900 crore. KPTL said it has also bagged engineering, procurement and construction orders for pipeline laying and associated works in India. KPTL Managing Director and CEO Manish Mohnot said: ”Our current year order inflow is in excess of Rs 5,400 crore and we are favourably placed in projects of over Rs 2,000 crore. More here

  • Antony Waste Handling Cell Allotment status: Here's a step-by-step guide to check
    Investors can check their status in a few easy steps on its registrar's website as well as on the BSE.Get latest Market online at cnbctv18.com
    Stock Market Highlights: Indices close at record levels; Sensex ends 133 points higher; Nifty above 13,950; auto, metal stocks shine
  • Gold rate today: Yellow metal trades flat near Rs 50,000 per 10 grams level


    Gold prices in India traded flat on the Multi Commodity Exchange (MCX) Wednesday following a positive trend in the international spot prices on a weak dollar. Silver prices also rose by 1 percent. At 11:20 am, gold futures for February delivery eased 0.03 percent to Rs 50,025 per 10 grams as against the previous close of Rs 50,039 and opening price of Rs 50,179 on the MCX. Silver futures traded 0.65 percent higher at Rs 68,537 per kg. The prices opened at Rs 68,500 as compared to the previous close of Rs 68,097 per kg. “Gold prices are in a consolidation phase with a higher bias. It has been trading in a range of $1,870-1,900 in the international market. The trend for gold prices remains positive amid a weaker US dollar,” said Amit Sajeja, VP Research - Commodities & Currencies at Motilal Oswal. More here

  • EID Parry jumps over 9% after it sells 2.2% shares of Coromandel International


    Shares of EID Parry jumped 9 percent to its 52-week high after the firm sold 2.26 percent equity in Coromandel International through block deals. Meanwhile, shares of Coromandel lost over 6 percent post this. Around 66.9 lakh equity shares, had changed hands via block deal on the BSE, the exchange data shows. EID Parry shares rose as much as 9.6 percent to its 52-week high of Rs 365.75 per share on BSE while that of Coromandel fell as much as 6.6 percent to its day's low of Rs 794.70 per share.

  • Salary cuts, anxieties about future affect two-wheeler customers more, says Rajiv Bajaj


    After months of a lockdown in the wake of COVID-19, it was demand from the rural and the semi-urban regions of the country which propped up sales for the auto sector. Now, as the year ends, this demand is on the wane, and no fresh triggers for demand seem to be in sight. While sales for passenger vehicles has seen sustained momentum into December, usually a month where deal-seekers lead to good demand, two-wheeler demand has seen a major slump. The reasons can largely be attributed to depressed household incomes which are impacting sales in the commuter segment. "The vast majority of those who were laid off (as a result of downsizing during the pandemic), were junior staff or workmen, and salary cuts and anxiety about future uncertainties also affects them more," Rajiv Bajaj, managing director told CNBC-TV18. "These are all two-wheeler customers, not car customers," he added. More here

  • Buzzing | JMC Projects shares jump 4% on winning orders worth Rs 698 crore

    Shares of JMC Projects (India) jumped 4 percent in early trade on Wednesday after the infra company said it has received orders worth Rs 698 crore for building works in South India.

    “We are pleased with the new order wins in our B&F (Buildings & Factories) business. Our recent orders have further strengthen JMC's position in the Southern India B&F market,” said S K Tripathi, CEO and Deputy Managing Director, JMC Projects.

    The company's order inflows for the current year has crossed Rs 6,700 crores, he informed.

    "We remain confident to achieve our targeted numbers for the financial year 2020-21," Tripathi added. Read more here.

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

    The markets seem a little nervous to hit the 14,000 marks. We have gone around that level yesterday and today. It is really a mere formality to achieve that as the Nifty seems poised to conquer 14,100 as a potential target. Good support lies at 13,600 so traders can consider buying into this trend during any intraday correction.

  • Why Escorts has underperformed Nifty

    Escorts has been an underperformer in a strong market. It has fallen 9.5 percent in the last one month as compared to Nifty's gains of 7.5 percent. At the technical levels, the stock is trading between 50 and 100-day moving average (DMA). So, why has the stock underperformed Nifty?

    FY21 is expected to be the peak of the volume of sales for tractors and FY22 is expected to be flat. So investors are shifting from tractor manufacturers to car, two-wheeler and commercial vehicle (CV) manufacturers given the fact that two-wheeler, car and CV sales have been down in the last two years and FY22 is expected to be strong. More Here

Stock Market Highlights: Indian benchmark equity indices, Sensex and Nifty ended at record levels on Wednesday led by gains in metal and auto stocks. Broader indices, Nifty Smallcap100 and Nifty Midcap100 supported gains. Among sectors, Nifty Auto, Nifty Metal and Nifty Realty ended over 1 percent each. Banking and pharma stocks remained under pressure.

Market Movers

Currency

CompanyPriceChng%Chng