Davos-2022
Davos-2022
Davos-2022
Davos-2022
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Stock Market Highlights: Sensex, Nifty end choppy session flat; mid, smallcaps outperform

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Stock Market Highlights: The Indian benchmark indices, Sensex and Nifty ended Thursday's choppy session on a flat note. Nifty breached all-time high level of 14,000 intraday. Gains in metals, pharma, realty and auto stocks were countered by selling pressure in FMCG, PSU Banks and financial stocks. Broader markets outperformed with Nifty Smallcap100 and Nifty Midcap100 ending 0.13 percent and 0.38 percent higher, respectively.

Stock Market Highlights: Sensex, Nifty end choppy session flat; mid, smallcaps outperform
  • Manish Hathiramani, Proprietary Index Trader and Technical Analyst, Deen Dayal Investments

    We were successful in claiming the 14,000 marks but closed below it. There might be a psychological resistance at this level. However, the trend remains bullish and we should be headed higher to 14,100-14,150 sooner than later. The current support is at 13,500-13,600 and since the risk-reward is skewed at this juncture, a buy on dips strategy is advised with strict trailing stops.

  • Market In 2020

    Sensex Up 16% & Nifty 15% In 2020; Give +ve Returns For 5th Straight Year

    Financials Underperform; Nifty Bank Gives –Ve Returns For 1st Time In 5 Yrs

    Midcap Index Regains Losses Of 2018 & 2019, Gives Returns Of 22%

    2020 Has Been The Best Year Ever For Pharma Index, Gives 61% Returns

    IT Index Surges Over 55% In 2020, Biggest Yearly Gain Since 2013

    Divi’s Lab, Dr Reddy’s, Infosys, Cipla, HCL Tech & Wipro Top Nifty Gainers In 2020

    IndusInd, Coal India, ONGC, IOC, BPCL & UPL Top Nifty Losers In 2020

  • Market At Close

    Sensex & Nifty Close Flat After Hitting Intra-day Record Highs

    Nifty Closes Flat At 13,982 After Crossing 14,000 Intra-day For The 1st Time Ever

    Sensex Ends 5 Points Higher At A Record Closing High Of 47,751

    Financials Underperform While Midcaps Outperform Benchmarks

    Market Breadth Favours Advances; Advance-Decline Ratio At 3:2

    Nifty Bank Slips 39 Points To 31,264 While Midcap Index Rises 101 Pts To 20,843

    Cement Stocks Fall After Rising In Prev Day’s Session; Shree Cement Top Nifty Loser

    Sun Pharma, Hindalco, HDFC & ICICI Support While Kotak, TCS, Bharti Airtel Drag Nifty

    RIL Closes At Day’s Low After Announcement Of Free Off-net Voice Calls From Jan 1

    Bharti Slips While VIL Gains On RIL’s Announcement Of Free Off-net Voice Calls

  • Closing Bell | Indian benchmark equity indices, Sensex and Nifty ended Thursday choppy session on a flat note after hitting intraday record highs. Nifty closed flat at 13,981.75 after crossing 14,000 intra-day for the first time ever. Sensex ended 5 points higher at a record closing high of 47,751.33. Financials underperformed while Midcaps outperformed the benchmarks.

  • Yash Gupta Equity Research Associate, Angel Broking

    We have a "BUY" rating on Mahanagar Gas Ltd. Gas utilities company has given good returns to CY2020 and even recovered very fast after the fall in the market due to Covid-19. We expect gas utilities companies to do even much better in 2021, Our top pick in the sector is Mahanagar Gas Ltd. In Q2FY21 Volume stood at 1.90 MMSCMD, which is better than expected volumes and in Q3FY21 we expected volumes to reach at pre Covid levels. Customer addition in FY20 was too strong, company added 20 gas stations and reached to 256 gas stations, Company added 1.23 Lk PNG home connection. This will lead to volume growth in near future.

    MGL has reported the highest ever gross margins at Rs. 15.3 per SCM in Q2FY21. Margins have increased due to low imported LNG prices and decrease in other expenses. We expect margins to  come off from Q2FY21 levels though they are expected to remain well above FY20 levels. MGL has incurred 420 crore of capex in FY20 and is expected to incur similar capex in FY21 for laying of pipeline network in its region. MGL will also add new geographical areas which will help in volume growth.

  • Jaideep Hansraj, MD & CEO, Kotak Securities

    We can expect Nifty to go anywhere between 14,000 & 15,000 range sometime in the first quarter of CY21. Post budget and Q4 result season we expect markets to go into some kind of consolidation phase and witness time correction. We expect moderation in monetary policies and rising yields scenario in 2HCY21, which will lead to mean reversion of valuations towards 10/15 year averages. Based on this thesis we have used the previous 15 years peak of 19x Fw PE multiple to value the Nifty-50 to derive at our CY21 end target. We expect Nifty-50 to end CY21 somewhere around 13,500 and BSE Sensex to end at around 46,000.

  • Just In | Ministry of Road Transport & Highways has extended the deadline for 100 percent cashless toll collection via FASTag until Feb 15, 2021

  • Nifty hits 14,000; here’s a look at the journey and big movers and shakers
    At the start of the decade, the Nifty was close to 6,000 and now it is at 14,000, but somewhere in the middle around March, the Nifty was close to 7,500, similar to the levels that we saw around eight…
    Stock Market Highlights: Sensex, Nifty end choppy session flat; mid, smallcaps outperform
  • Jubilant FoodWorks | The company will acquire 10.76 percent stake of Barbeque-Nation Hospitality Ltd for Rs 92 crore.

  • Market Watch: Ashish Kyal, Waves Strategy Advisors

    Bhansali Engineering has continued to do fabulously well. We continue to look for buying opportunity in Bhansali Engineering. It is forming higher high higher lows and has managed to bounce back from that moving average. Looks like it is going on in the third wave. So keep riding that wave on the upside. The stop loss is Rs 139 for a target of Rs 154 in this stock.

    VIP Industries saw some volatility about a week back, but it managed to bounce back from that Rs 310 low levels. Sharply pulled back on the upside forming a very strong bullish candle in today’s session. So, possibly starting the third wave on the upside. So one can initiate long positions in VIP Industries keeping a stop loss of Rs 354 for a target of Rs 390.

  • Keshav Lahoti, Associate Equity Analyst, Angel Broking

    Cement stocks are making fresh highs due to improving demand scenario and on hopes of an increase in realization. During the day, India Cement closed in the upper circuit by rallying by 20%. Other cement companies such as Star Cement, Mangalam Cement and UltraTech Cement closed up 12.2%, 7.0% and 4.0% respectively.

    There is pick-up in non-trade segment cement demand due to an increase in real estate and infrastructure activity. Even in the few metro cities, real estate demand is better than the pre-COVID situation. Infrastructure ordering as well execution activity has picked up.

    The government continues to emphasize on the development of the infrastructure in the country. Laborers issue is also resolved as laborers have come back to work as the festive season is over and fear of coronavirus have also reduced. Companies are now planning for fresh capex due to better demand visibility. We continue to maintain our positive outlook on the sector.

  • IDBI Bank likely to sell 23% stake in IDBI Federal Life

    IDBI Bank is likely to sell 23 percent stake in IDBI Federal Life to Ageas Insurance. The deal is expected to be inked as early as today, sources told CNBC-TV18. The insurance arm may be re-christened as Ageas Federal Life Insurance, they said.

    The stake sale could fetch IDBI Bank around Rs 400-500 crore at Rs 1,800-1,900 crore valuation. After transaction, Ageas Insurance will hold about 49 percent stake in IBDI Life and IDBI Bank will have about 21 percent stake.

    Federal Bank too has announced acquiring further 4 percent stake in the company taking its total stake to 30 percent. Continue reading.

  • Reliance Industries | Reliance Jio said that all off-net domestic voice calls will be free starting January 1, 2021. On-net domestic voice calls have always been free on the Jio network.

  • Godawari Power and Ispat | The company has signed MoU with Chhattisgarh government for projects worth Rs 2,300 crore. The investment will be spread for 4 to 5 years after obtaining all regulatory approvals. The shares of the company rallied over 4 percent.

  • Market Watch: Jay Thakkar of Marwadi Shares & Financials

    My first buying recommendation is on Maruti Suzuki India, one can buy Maruti at the current levels, the target on the upside comes to around Rs 7,890 to Rs 8,000 levels. One can place a stop loss at Rs 7,425 and go long on Maruti.

    Other buy recommendation is on Voltas. It has provided a very nice breakout from small symmetrical pattern and on the upside we can see the levels of Rs 840-850 these are the two targets for the short-term. One can buy Voltas with a stop loss of Rs 807.

  • IT & FMCG to do better in 2021; autos to see significant pick-up, says Goldilocks’ Gautam Shah

    IT and fast-moving consumer goods (FMCG) sectors are likely to do better in the year 2021, said Gautam Shah, Founder & Chief Strategist of Goldilocks Premium Research on Thursday.

    Speaking in an interview with CNBC-TV18, he said, “IT is a structural bull market; don’t look at returns in absolute terms. In relative terms we are still midway into this bull market which the IT space started in April-May of 2020 and the largecap IT stocks could give midcap type returns in 2021.”

    “Our working target for the FMCG index is about 42,000. I think both IT and FMCG give us a margin of safety and capital appreciation,” he said.

    On the auto sector, Shah said, “This sector can pick up significant momentum from here. It saw a phenomenal run-up in the April-August period. So all the top stocks like Maruti, Bajaj, Tata Motors, Eicher are looking great on charts and it could be one of the surprise winners of 2021. So we are very kicked about this space in the coming year.” Continue reading.

  • Buzzing | Shares of Chemcon Speciality Chemicals gained over 5 percent after Plutus Wealth Management LLP bought 10,00,000 shares of the company. According to data available on NSE, Plutus Wealth Management LLP bought 10,00,000 shares of the company at an average price of Rs 428.52 in a bulk deal on NSE.

  • BHEL | The state-run power generation equipment manufacturer has received orders worth Rs 3,200 crore for hydro projects. The company has won order for the supply of 32 Reactor Header Assemblies from the Nuclear Power Corporation of India Limited. The order has been won under NPCIL’s Fleet mode procurement for India’s highest-rated indigenously-developed 700 MWe Pressurized Heavy Water Reactors (PHWR) to be set up at four different locations in the country.

  • Update | CCI approves acquisition of 51 percent in Mukand Sumi Special Steel by Jamnalal Sons.

  • Market Watch: Ashish Chaturmohta, Head-Technical & Derivatives, Sanctum Wealth Management

    Pidilite Industries is the top pick with Rs 1,725 as stop loss. Expect the stock to create a fresh all-time high and target close to Rs 1,820-1,830 zone.

    Buy Tata Steel with Rs 634 as trading stop loss and on the upside Rs 662 is an immediate short-term target.

    Buy ICICI Bank with a stop around Rs 520 and a fresh all-time high of Rs 555 can be looked as the target for the stock.

    Buy Info Edge with a stop around Rs 4,670 and on the upside a fresh all-time high of Rs 5,000 can be witnessed in the stock.

  • Sarda Energy wins 2 coal mine auctions; expects cost savings of around 15%

    Sarda Energy has bagged two coal mines, Gare Palma 6 and 7 Coal Mine in Chhattisgarh and Sahapur West Coal Mine in Madhya Pradesh. The win will provide security with cost savings of approximately 15 percent, said Manish Sarda, Director of the company on Thursday.

    “It is a long term raw material security for the company – that is a major advantage where you are not subject to fluctuations and volatility of the coal market. Secondly, we will be saving significantly in terms of costings. Not to put an exact number right now, but definitely in the range of 15-20 percent cost saving will be there. We will be using the coal captively and there is a benefit of cess,” Sarda said in an interview with CNBC-TV18.

    He said that they can ramp up production up to 1.8 million tonne and expecting to kick start the mines in 12-15 months. Continue Reading.

  • Gold rate today: Yellow metal trades flat; may face resistance at Rs 50,300 per 10 grams level

    Gold prices in India traded lower on the Multi Commodity Exchange (MCX) Thursday tracking a muted trend in the international spot prices amid improved investor risk appetite.

    At 11:05 am, gold futures for February delivery eased 0.09 percent to Rs 50,090 per 10 grams as against the previous close of Rs 50,135 and opening price of Rs 50,059 on the MCX. Silver futures traded 0.14 percent lower at Rs 68,520 per kg. The prices opened at Rs 68,452 as compared to the previous close of Rs 68,614 per kg.

    “The precious metal prices fell due to the year-end profit-booking by investors. Gold and silver are expected to be thinly traded going ahead. Weaker than expected Chinese PMI data also triggered selling in silver,” said Jigar Trivedi, Fundamental Research Analyst - Commodities, Anand Rathi. Read more here.

  • From Adani Group to Tata Group, here’s a look at the top performing conglomerates in 2020
    CNBC-TV18’s Nimesh Shah gets a list of the top performing conglomerates in 2020.Get latest Market online at cnbctv18.com
    Stock Market Highlights: Sensex, Nifty end choppy session flat; mid, smallcaps outperform
  • Buzzing | Shares of Centum Electronics rallied more than 4 percent after HDFC Mutual Fund A/C HDFC Dividend Yield Fund bought 4,00,000 shares of the company. Centum Electronics was awarded the Defence Technology Absorption Award 2018 by the Defence Research and Development Organization (DRDO), for military and defence technology.

  • Larsen & Toubro | L&T's Power Transmission won two transmission line packages in the Kingdom of Saudi Arabia involving Design, Procurement and Construction of 380 KV double circuit overhead transmission line corridors for a length of more than 650 KM. The Water and Effluent Treatment business has secured an EPC order in the state of Gujarat to execute a package in the SAUNI Yojna Link 3.

Stock Market Highlights: The Indian benchmark indices, Sensex and Nifty ended Thursday's choppy session on a flat note. Nifty breached all-time high level of 14,000 intraday. Gains in metals, pharma, realty and auto stocks were countered by selling pressure in FMCG, PSU Banks and financial stocks. Broader markets outperformed with Nifty Smallcap100 and Nifty Midcap100 ending 0.13 percent and 0.38 percent higher, respectively.

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