Sensex, Nifty Rebound From Two-Month Low; I.T., Pharma Underperform

Indian equities saw a rebound from two-month lows after a bout of short covering took the indices higher from lower levels.

The S&P BSE Sensex ended 1.4% higher at 48,544 while the NSE Nifty 50 index gained 1.4% to end at 14,504. The indices rebounded from the day's low in the second half of trade.

Most sectoral indices ended the session with gains. The PSU Bank index, which was the top laggard on Monday, ended as the top sectoral gainer, ending 4.5% higher. The Nifty Bank index too gained nearly 1,000 points to end 3.2% higher at 31,771.

The Nifty Auto index was the other major sectoral gainer, ending 4.3% higher, led by gains seen in Mahindra & Mahindra. The Metal index too saw gains of 3.4% in today's session.

The underperformers in today's trade were I.T. and Pharma stocks. The Nifty I.T. index ended 3.3% lower led by losses seen in Tata Consultancy Services Ltd. while the Nifty Pharma index fell 1.2%.

Broader markets also ended largely in-line with the benchmark indices. The Nifty Midcap index rose 1.7% while the Smallcap index ended 1.3% higher.

The India Volatility Index fell 11% to end at 20.46.

1,386 stocks on the NSE ended with gains while 507 stocks reported losses.

• Top gainer on the Nifty Midcap index
• Gains as much as 5.9% to Rs 215.45
• Snaps three-day losing streak
• Today's volumes are 78% higher than its 20-day average
• One-month implied volatility is 41%
• Relative Strength Index (RSI) rebounds from 35; now at 44
• 17 out of the 25 analysts tracking the stock have a buy recommendation; 4 sell calls
• Return potential of the stock as per Bloomberg data is 26.6%

• Nifty up 20 points at 14,330
• Sensex up 0.2% at 47,960
• Nifty Bank up 1% at 31,108
• Nifty Midcap index up 0.5%
• Nifty Smallcap index up 0.55%
• India Volatility Index down 7.1% to 21.35
• Most sectoral indices are off the day's high
• Nifty Auto index is the top sectoral gainer; up 1.7%
• Realty index gains 1.3% while PSU Bank and Metal indices are up 1% each
• Nifty I.T. is the top sectoral laggard; down 3.5% along with Nifty Pharma, which is down 1.3%
• Mahindra & Mahindra is the top Nifty gainer; up 4.7%
• TCS remains the top Nifty laggard; down 4.4%
• 1,153 stocks on the NSE trade with gains while 655 decline

• Total operational capacity now stands at 3,470 MW with addition of 925 MW capacity in FY21
• Sale of Energy up 19% year-on-year to 4,886 million units
• Out of the 925 MW, 575 MW was green field commissioning and 350 MW was through acquisitions
• Commissioned solar & wind plants up to 160 days ahead of scheduled date of commissioning
• Sale of energy backed by capacity addition and improved plant availability
• Sale of Energy up 24% year-on-year in Q4FY21

• Nifty up 0.8% at 14,429
• Sensex up 0.7% at 48,241
• Nifty Bank up 1.4% at 31,235
• Nifty Midcap index up 1.8%
• Nifty Smallcap index up 2%
• India Volatility Index down 6.3% to 21.55
• PSU Bank index is the top sectoral gainer; up 3%
• Nifty Metal and Nifty Realty indices gain 2.7% each
• Nifty Auto up 2.2% while Media index gains 1.7%
• Nifty I.T. index falls 1.2% while Pharma index is down 0.7%
• UPL is the top Nifty gainer; up 4.3%
• TCS is the top Nifty laggard; down 2.9%
• 1,396 stocks on the NSE trade with gains while 352 are declining

Indian equities opened with a positive bias on Tuesday after witnessing its biggest single-day fall in over a month on Monday.

The S&P BSE Sensex opened 0.23% higher at 47,991 while the NSE Nifty 50 index rose 0.4% at the start of trade to 14,364. Both the benchmark indices fell for the second straight day on Monday.

Among the sectoral indices, the Nifty Pharma index continues to outperform with the index opening with gains of 1.5%. The PSU Bank index, which was the worst performer among sectoral indices on Monday, has opened with gains of 1.2%.

The Nifty Bank index has opened with gains of 110 points or 0.4%. The FMCG index too has opened with a similar quantum. The Media and Metal indices are up 0.5% each at the start of trade.

Broader markets have opened in-line with the benchmarks this morning. The Nifty Midcap index has opened 0.4% higher while the Smallcap index is up 0.3%.

Good Morning!

Indian equities fell the most in over a month on Monday amid a surge in coronavirus cases across the country, wiping off Rs 8 lakh crore worth of investor wealth.

The fall in broader markets was steeper than the benchmarks. The Nifty Midcap index fell 5.7%, while the Smallcap index declined 5.6%, the most in more than a year.

All sectoral indices ended the day with losses; most saw the biggest single-day drop since May last year. The PSU Bank index was the top sectoral laggard, ending 9.3% lower, followed by Nifty Media (down 8.1%), Nifty Realty (down 7.5%), Nifty Metal (down 6.1%), and Nifty Auto (over 5%).

Futures are again indicating a subdued start to Tuesday's trading session. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, were little changed at 14,373 as of 8:00 a.m.

Markets will also watch out for Tata Consultancy Services Ltd. after it reported fourth-quarter results post market hours on Monday.

Most Asian equities have edged higher this morning with peers on Wall Street trading near record highs. Benchmark indices rose in Hong Kong and Japan, while those in China fluctuated.

• Futures on the Dow Jones are trading 20 points higher. The index declined 0.2% on Monday.
• Yields on the 10-year treasuries stood at 1.67%, while West Texas Intermediate crude traded at $59.71 per barrel.