Sensex, Nifty Gain For Second Day; Nifty Bank Up Another 800 Points

Indian equity markets ended higher for the second straight day with banking stocks leading the charge yet again.

The S&P BSE Sensex ended 1.27% higher at 40,261 while the NSE Nifty 50 regained the mark of 11,800, ending 1.2% higher at 11,813.

After a 990 point surge on Monday, the Nifty Bank contributed another 3% or close to 800 points in today's session, taking the two-day tally to nearly 1,800 points.

Auto, Pharma and PSU Banks were the other outperformers in today's session, with the respective sectoral indices ending with gains of over 1.5% each.

The Nifty Realty index was the top laggard in today's session, ending 2.3% lower. Also ending lower was the Nifty Media index, with cuts of 0.4%.

Broader markets gave up most of the day's gains to end mixed. The Nifty Midcap index ended 0.6% higher while the Smallcap index ended little changed.

995 stocks on the NSE ended with gains while 831 posted losses.

• Revenue up 14% to Rs 2,516 crore Vs Rs 2,212 crore
• Net profit up 20% to Rs 482.8 crore Vs Rs 403.6 crore
• Ebitda up 16% to Rs 569.4 crore Vs Rs 489.6 crore
• Ebitda margin at 22.6% from 22.1%
• Advertising and Promotion expenses up 40% to Rs 202 crore from Rs 144.2 crore
• Consumer Care Business revenue up 18% to Rs 2,217.1 crore from Rs 1,884.7 crore
• Food business revenue down 4% to Rs 256.8 crore from Rs 267.1 crore
• Retail business revenue down 62% to Rs 11 crore from Rs 29.2 crore

• 70.8% growth in health supplements backed by ~2x sales of Dabur Chyawanprash and double-digit growth in Dabur Honey.
• Market share in Chyawanprash category up 190 basis points
• Pudin Hara Portfolio saw double-digit growth
• Hajmola portolio impacted due to restricted outdoor activity
• OTC business up 56.1% led by strong growth in Lal Tail and Shilajit
• Oral care business up 24.2%; Red toothpaste continues to see good momentum
• Toothpaste market share improved 90 basis points
• Hair oil business down 6.3% due to low CSD sales
• Market share in shampoo category up 80 bps; segment growth of 17.8%

• Benchmark indices continue to hold gains of over 1%
• Nifty up 1.1% at 11,803
• Sensex up 1.2% at 40,230
• Nifty Bank up 2.9% at 25,620
• Nifty Midcap index up 0.8%
• Nifty Smallcap index up 0.4%
• India Volatility Index down 4.7% to 24
• Nifty Realty remains the only sectoral laggard; down 2.5%
• Nifty Metal is the other major sectoral gainer; up 2.3%
• Nifty Auto up 1.7% while the PSU Bank index is up 1.3%
• ICICI Bank remains the top Nifty gainer; up 5.7%
• UPL remains the top Nifty laggard; down 5.7%
• 1,078 stocks on the NSE trade with gains while 698 are declining

• Benchmark indices hold on to gains of over 1%
• Nifty up 1.2% at 11,805
• Sensex up 1.2% to 40,233
• Nifty Bank up 2.3% to 25,472
• Nifty Midcap index up 0.7%
• Nifty Smallcap index up 0.5%
• India Volatility Index down 2.4% to 24.6
• Nifty Metal index extends gains; up 2%
• Nifty Auto is the other major sectoral gainer; up 1.6%
• Nifty Realty is the top sectoral laggard; down 1.2%
• ICICI Bank remains the top Nifty gainer; up 4%
• UPL is the top Nifty laggard; down 5.7%
• 1,142 stocks on the NSE are trading with gains while 631 decline.

• Benchmark indices trading with gains
• Nifty up 0.8% at 11,766
• Sensex up 0.8% at 40,086
• Nifty Bank up 1.6% at 25,286
• Nifty Midcap index up 0.8%
• Nifty Smallcap index up 0.7%
• India Volatility Index down 1.1% to 24.94
• Nifty Pharma is the top sectoral gainer; up 1.9%
• Nifty Metal, Nifty Auto gain over 1% each
• Nifty Realty is the only sectoral laggard; down 0.5%
• ICICI Bank is the top Nifty gainer; up 2.8%
• NTPC is the top Nifty laggard; down 2.6%
• 1,151 stocks on the NSE are trading with gains while 532 are declining

Indian equity markets have opened higher, after a volatile session on Monday, ahead of the U.S. Presidential elections.

The S&P BSE Sensex opened 0.6% higher at 39,990 while the NSE Nifty 50 index opened above the mark of 11,700 at 11,734 - up 0.56%.

The Nifty Bank is extending Monday's 990 point surge, opening with gains of 0.9%, while the PSU Bank index too has opened with gains of 0.7%.

The Nifty Media, Metal and Auto indices are also trading with gains of 0.7% at the start of trade. The realty index is the only laggard, opening 0.25% lower.

Broader markets have opened in-line with the benchmark indices. The Nifty Midcap is up 0.5% while the Smallcap index is up 0.6% after Monday's underperformance.

1,103 stocks on the NSE are trading with gains while 414 have opened with losses.

Good Morning!

India’s equities ended with gains on Monday, led by the bank stocks despite an 8.7% decline in heavyweight Reliance Industries Ltd.

Volatility will persist as the U.S. Presidential polls take place later today. Still, futures are pointing to a strong start to the trading day. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, rose 0.8% to 11,768 as of 7:00 a.m. on Tuesday.

NTPC, Zee Entertainment, Cadila Healthcare, Ramco Cements may react to their results that were reported after market hours on Monday. NTPC’s share buyback announcement will also be in focus.

Adani Ports & SEZ and Sun Pharma are the two Nifty 50 companies set to announce their financials today. Broader market firms that will come out results are Adani Gas, Ajanta Pharma, Dabur, Godrej Properties, JSW Energy, Kansai Nerolac, Muthoot Finance and PVR, among others.

Benchmark indices in Australia, South Korea and Hong Kong rose over 1% in early trade, while markets in Japan are shut on account of a holiday.

Futures on the Dow Jones are trading higher by 200 points. The index ended 1.6% higher on Monday.

West Texas Intermediate crude gave up gains to fall 0.4% to $36.65 per barrel, after a 3% rise overnight.

Short on time? Well, then listen to this podcast for a quick summary of All You Need To Know before the opening bell.