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Indian equities managed to eke out modest gains on the first trading session of 2021. No major reaction was seen in either of the indices, despite GST collections touching an all-time high.
The S&P BSE Sensex ended 0.25% higher at 47,868. The index reversed just 20-points away from the 48,000 mark. This is also the ninth straight week for the Sensex, a feat last achieved in April 2010.
The NSE Nifty 50 index too gained 0.26% to end above the mark of 14,000 at 14,018.
Among the sectoral indices, the PSU Bank index outperformed the other indices by a distance, ending with gains of 3.2%. Other major gainers included the Nifty I.T. and the Nifty Auto index, which gained 0.8% each while the Nifty Pharma, Media and FMCG indices ended 0.6% higher.
Broader markets outperformed the benchmarks in today's session. Both Nifty Midcap and Nifty Smallcap indices ended with gains of 1.2% each.
India Volatility Inex fell 7.3% to close below the mark of 20 at 19.56.
1,294 stocks on the NSE ended with gains while 576 posted losses in today's session.
Apollo Pipes anticipates improvement in sales aided by better demand and uptick in utilisation levels.
— BloombergQuint (@BloombergQuint) January 1, 2021
Read other market updates: https://t.co/5wJ7z0tQQH pic.twitter.com/4eXvSthZv7
L&T Constructions wins 'significant' orders for Metallurgical and Material Handling business.
— BloombergQuint (@BloombergQuint) January 1, 2021
Read other market updates: https://t.co/5wJ7z0tQQH pic.twitter.com/4M93jCTIfx
APL Apollo tubes reports 1% year-on-year growth in sales volume for the October-December period.
— BloombergQuint (@BloombergQuint) January 1, 2021
Read other market updates: https://t.co/5wJ7z0tQQH pic.twitter.com/owvUjy935Z
Shares of Praj Industries surge as much as 6% after it wins an order from Indian Oil.
— BloombergQuint (@BloombergQuint) January 1, 2021
Read other market updates: https://t.co/5wJ7z0tQQH pic.twitter.com/HWK4sDsrQa
Wholesale volumes remain strong fueled by restoration of channel inventory post-festive season, says Mahindra & Mahindra.
— BloombergQuint (@BloombergQuint) January 1, 2021
Read other auto sales updates: https://t.co/02DV8J17wW pic.twitter.com/RqjhWZEZt6
Maruti Suzuki's December sales surge 20% led by sale of compact vehicles, LCVs and Vans.
— BloombergQuint (@BloombergQuint) January 1, 2021
Read other auto sales updates: https://t.co/02DV8J17wW pic.twitter.com/jfOz5WS0eX
Do not expect any significant demand-supply gaps going forward, says Escorts, after December sales rise 88%.
— BloombergQuint (@BloombergQuint) January 1, 2021
Read other market updates: https://t.co/5wJ7z0tQQH pic.twitter.com/Bb0cvUcq2z
Indian equities have begun the new year on a subdued note, opening little changed as compared to Thursday.
The S&P BSE Sensex opened 34 points higher at 47,785 while the NSE Nifty 50 index is up 14 points at the start of trade at 13,996.
As of closing on Thursday, the Sensex was on course to gain for nine straight weeks. The last time it had done so, was back in April 2010.
Most of the sectoral indices have opened flat as well. The Nifty PSU Bank index, which had its worst year since 2015, has opened 0.3% higher while Nifty I.T., Media and Auto indices have opened with gains of 0.2% each.
Broader markets have also opened with a positive bias. The midcap index is up a quarter of a percent while the Smallcap index is up 0.3%.
1,202 stocks on the NSE are trading with gains while 416 are declining.
Good Morning!
Here's wishing you all a very happy and joyous new year!
Indian equities crossed the 14,000-mark for the first time ever on the final trading session of 2020 but closed the day a tad lower.
The NSE Nifty 50 gained 15% during the volatile year, its best run since 2017. The broader markets outperformed the benchmarks in 2020, gaining more than 20%. Banks, however, were the laggards, with the PSU Bank index posting its worst run since 2015.
The street will watch out for auto sales data to be released on the first day of the new year 2021.
The Sensex and the Nifty have gained so far this week. A positive close today would mean ninth straight weekly gain for the Sensex—the first time since April 2010.
Most Asian equities are shut today on account of the New Year holiday. The U.S. equities rallied overnight to end at a record high.
Short on time? Well, then listen to this podcast for a quick summary of All You Need To Know before the opening bell.
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