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Sensex, Nifty Climb As Health Care Stocks Rally On RBI Easing

BQ Desk
Markets
May 05, 2021 16:20 pm IST
- Published On May 05, 2021 16:20 pm IST
- Last Updated On May 05, 2021 16:20 pm IST

Read Time: 1 min

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Sensex, Nifty Climb As Health Care Stocks Rally On RBI Easing

The Bombay Stock Exchange (BSE), right, stands behind the Bombay High Court building in Mumbai, India (Photographer: Adeel Halim/Bloomberg)

5 years ago

India stocks rose after the central bank unveiled measures to further support the economy as coronavirus cases continue to surge.

May 05, 2021 15:35 (IST)

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We feel the timely intervention by the apex bank has relieved the participants to some extent amid the prevailing uncertainty. However, it failed to trigger a decisive move in the benchmark indices and we might see further consolidation. On the flip side, there’s no shortage of trading opportunities on the stock-specific front so participants should align their positions accordingly while keeping a check on leveraged trades.

Ajit Mishra, VP - Research, Religare Broking

May 05, 2021 15:10 (IST)

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Net income Rs 153 crore vs. Rs 51.88 crore y/y, estimate Rs 110 crore
Revenue Rs 2,290 crore, +46% y/y, estimate Rs 2,194 crore
Total costs Rs 2,160 crore, +45% y/y
Dividend per share Rs 18
Clears additional Rs 1,210 crore investment by way of Capex

May 05, 2021 14:58 (IST)

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Second Covid-19 Wave May Derail India’s Budding Recovery: S&P Ratings

May 05, 2021 13:37 (IST)

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SBI Life options volume 2.8x the 20-day average, with 21,297 calls changing hands vs 6,106 puts
- Stock down 0.8%, volume 1.7x the 20-day average for this time of day
ONGC options volume 2.1x the average, with 9,974 calls vs 2,417 puts
- Stock up 1.6%, volume 1.5x the average
Sun Pharma options volume 1.5x the average, with 33,343 calls vs 8,689 puts
- Stock up 4.5%, volume 1.5x the average
Nifty 50 options volume 0.5x the average, with 5.07 million calls vs 3.99 million puts; gauge up 0.7%
- Cost of hedging as measured by the 90/110, one-month skew ranks in the 99th percentile over the past year
Nifty Bank index options volume 0.6x the average, with 8.97 million calls vs 7.58 million puts; gauge up 1.5%
- 90/110, one-month skew in the 48th percentile
India VIX Index down 3%