Sensex, Nifty End At Record High; Gain For Fourth Straight Day

Indian equity markets closed at yet another record high after sentiment remained firmly risk-on on the first day of the final week of the year.

The S&P BSE Sensex ended 0.8% higher at 47,353 while the NSE Nifty 50 index gained 0.9% to end at 13,873. Both benchmarks ended higher for the fourth straight day and also near their respective day's high.

Among the sectoral indices, it was Metals and PSU Banks that outperformed during the trading day. Both the indices ended with gains of 2.7% each. The Nifty Realty index, after outperforming for most of the session, cooled off from the day's high but ended 2.6% higher. The Nifty Bank index too gained over 450 points or 1.6% in today's session and contributed to the gains on the Nifty. The Auto and Media indices too ended with gains of 1% each.

The Nifty Pharma index was the only sectoral laggard, ending 0.3% lower.

Broader markets outperformed in today's session. The Midcap index ended with gains of 1.2% while the Smallcap index surged 1.7%.

India Volatility Index ended 2.8% higher, above the mark of 20 at 20.52.

1,357 stocks on the NSE ended with gains while 549 posted losses.

• Gains as much as 11.6% to Rs 822.7
• Biggest single-day gain since May this year
• Trading at the highest level since three months
• Today's volumes are 11 times its 20-day average
• Relative Strength Index (RSI) of the stock at 67
• Brokerage firm Emkay and Antique Stock Broking raised their price targets to Rs 890 and Rs 990 respectively
• 12 out of the 16 analysts tracking the stock have a buy recommendation; two sell calls
• Return potential of the stock as per Bloomberg data is 16.6%

• Benchmark indices set to end higher for the fourth straight day
• Nifty up 0.8% at 13,864
• Sensex up 0.8% at 47,332
• Nifty Bank up 1.5% at 30,861
• Nifty Midcap index up 1.1%
• Nifty Smallcap index up 1.8%
• India Volatility Index up 2.2% to 20.4
• Nifty Realty index remains the top sectoral gainer; up 3%
• Nifty PSU Bank index and Nifty Metal index gain over 2% each
• Nifty Media and Nifty I.T. index up 0.8% each
• Tata Motors remains the top Nifty gainer; up 4.9%
• 43 out of the 50 index constituents advance
• Shree Cement is the top Nifty laggard; down 0.8%
• 1,377 stocks on the NSE trade with gains while 508 are declining

• TCS' 2,950 Call: Premium up 64% to Rs 28.2. The contract has added 75,300 shares in Open Interest.
• ICICI Bank's 520 Call: Premium up 43% to Rs 6.9. The contract has added 3.2 lakh shares in Open Interest.
• SBI Life's 900 Call: Premium up 181% to Rs 12.8. The contract has added 2.6 lakh shares in Open Interest.

• Trading at a record high
• Among top performers on the Midcap index
• Gains as much as 6% to Rs 1,446
• Today's volumes are nearly triple its 20-day average
• Stock in overbought territory with Relative Strength Index (RSI) at 72
• Eight out of the 17 analysts tracking the stock have a buy recommendation; five sell calls
• The stock trades 32.3% higher than its 12-month Bloomberg consensus price target

• Benchmark indices hold on to gains
• Nifty up 0.7% at 11,840
• Sensex up 0.6% at 47,242
• Nifty Bank up 1.1% at 30,730
• Nifty Midcap index up 1.3%
• Nifty Smallcap index up 1.6%
• India Volatility Index up 3.2% to 20.6
• Nifty Realty index remains the top sectoral gainer; up 3.3%
• Nifty PSU Bank index gains 2.1% while the Metal index is up 1.7%
• Auto and Media indices gain 1% each
• Tata Motors remains the top Nifty gainer; up 4.4%
• 44 out of the 50 Nifty constituents advance
• Hindustan Unilever remains the top Nifty laggard; down 0.7%
• 1,392 stocks on the NSE trade with gains while 442 are declining

• Shares rise 20% post deal with Facebook
• Biggest single-day gain since November 2019
• Up for the third straight day
• Today's volumes are 30 times its 20-day average
• Stock in overbought territory with Relative Strength Index (RSI) at 82

• Benchmark indices gain for the fourth day
• Nifty up 0.6% at 13,828
• Sensex up 0.5% at 47,217
• Nifty Bank up 1% at 30,714
• Nifty Midcap index up 1.4%
• Nifty Smallcap index up 1.2%
• India Volatility Index up 4.1% to 20.8
• Nifty Realty Index is the top sectoral gainer; up 3%
• Nifty Metal index gains 1.8% while the PSU Bank index is up 1.3%
• Nifty Auto index gains 1%
• Tata Motors is the top Nifty gainer; up 3.5%
• 44 out of the 50 Nifty constituents advance
• Hindustan Unilever is the top Nifty laggard; down 0.6%
• 1,351 stocks on the NSE trade with gains while 411 decline

• Trading at a record high
• Top gainer on the Nifty 500 index
• Gains as much as 15.7% to Rs 106.4
• Biggest single-day gain since July 2013
• Up for the fourth straight day
• Today's volumes are more than 18 times its 20-day average
• Stock in overbought territory with Relative Strength Index (RSI) at 80
• All five analysts tracking the stock have a buy recommendation
• Return potential of the stock as per Bloomberg consensus data is 1.1%

Indian equity markets opened higher for the fourth day in a row, scaling new highs in the process. Sentiment across the Asia Pacific received a boost after U.S. President Donald Trump signed the coronavirus stimulus bill worth $900 billion.

The S&P BSE Sensex opened 0.4% higher at 47,153 while the NSE Nifty 50 index gained 0.5% to open above the mark of 13,800 at 13,815.

Among the sectoral indices, the Metal index has started off on a strong note, opening with gains of 1.2%.

Other indices like Auto and the Pharma index are up 0.6% each while the PSU Bank index has gained 0.8% at the start of trade.

Broader markets are outperforming in the early minutes of trade. The Midcap index is up 0.7% while the Smallcap index is up 0.8%.

Good Morning!

Indian equity markets are looking to kick-start the final trading week of 2020 on a positive note.

The S&P BSE Sensex had gained for the eighth straight week for the period ended Dec. 24 — the first such streak since January 2018. The NSE Nifty 50, however, fell short of that mark by 11 points.

Futures are indicating that today's session may begin with a positive bias. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, rose 0.3% to 13,798 as of 7:55 a.m. on Monday.

Globally, Asian equities are edging higher this morning after U.S. President Donald Trump signed the coronavirus stimulus package. Benchmark indices in Japan, South Korea and Hong Kong are advancing.

Futures on the Dow Jones are currently trading 100 points higher. The index ended Thursday's truncated session with gains of 0.2%. The Bloomberg Dollar Spot Index fell, while treasury yields rose.

West Texas Intermediate crude was steady at $48.24 per barrel, while gold rose 0.6% to $1,895/Oz.

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