Sensex, Nifty End Higher For The Fifth Day; Banks Outperform

Indian equities ended with gains for the fifth straight day, despite cooling off from the day's high.

The S&P BSE Sensex ended 0.55% higher at 47,613. The index ended 100 points lower from the day's high of 47,714. The NSE Nifty 50 index ended 68 points shy of the 14,000 mark, gaining 0.43% to close at 13,932. The 50-stock benchmark fell 35 points from the day's high of 13,967.

Among the sectoral indices, banks and private financials outperformed in today's session. The Nifty Bank index gained nearly 450 points or 1.5% and emerged as the top sectoral gainer. The PSU Bank index too ended with gains of 0.9%. Six out of the top 10 gainers on the Nifty 50 index were financials.

Other sectoral gainers included the Nifty I.T. index, which ended with gains of 0.7%.

Media and Metal stocks were the top laggards in today's session. The Media index fell 1.4% while the Metal index shed 1.1% in today's session. Nifty Realty, Nifty Auto and Nifty Pharma index fell 0.2% each.

Broader markets too cooled off from the day's high. Both ended with a negative bias after outperforming the benchmarks in the early hours of trade.

The India Volatility Index gained 1.8% to end at 20.79.

942 stocks on the NSE ended with gains while 951 stocks declined.

• Second best performer on the Nifty 500 index
• Gains as much as 11.2% to Rs 553
• Biggest single-day gain in over a month
• Trading at the highest level in 10 months
• Today's volumes are triple its 20-day average
• Stock heading towards overbought territory with Relative Strength Index (RSI) at 69.5
• All 13 analysts tracking the stock have a buy recommendation
• The stock has crossed its 12-month consensus price target of Rs 532.1 in today's session

• Benchmark indices fluctuate from the day's low
• Nifty up 0.4% at 13,928
• Sensex up 0.5% at 47,583
• Nifty Bank up 1.3% at 31,300
• Nifty Midcap index unchanged
• Nifty Smallcap index up 0.2%
• India Volatility Index up 1.6% to 20.75
• PSU Bank index among top sectoral gainers; up 1.2%
• Nifty Media is the top sectoral laggard; down 1.2%
• Nifty Metal index down 1%
• Nifty Pharma, Nifty Auto, Nifty Realty down 0.2% each
• IndusInd Bank remains the top Nifty gainer; up 4.6%
• Nestle, Coal India, NTPC are the top Nifty laggards; down 1.7% each
• 881 stocks on the NSE trade with gains while 987 are declining

• Reliance Industries' 2,000 Call: Premium down 30.2% to Rs 20.3. The contract has added 1.1 lakh shares in Open Interest.
• IndusInd Bank's 900 Call: Premium up 183% to Rs 21.85. The contract has added 2.76 lakh shares in Open Interest.
• State Bank of India's 280 Call: Premium up 32% to Rs 3.1. The contract has added 3 lakh shares in Open Interest.

Glenmark launches Fixed-Dose Combination for Type 2 Diabetes in India.

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— BloombergQuint (@BloombergQuint) December 29, 2020

• Benchmark indices are off the day's high but holding on to gains
• Nifty up 0.2% at 13,904
• Sensex up 0.3% at 47,493
• Nifty Bank up 0.8% at 31,134
• Nifty Midcap index down 0.1%
• Nifty Smallcap index unchanged
• India Volatility Index up 2.5% to 20.94
• Nifty PSU Bank index remains the top sectoral gainer; up 0.9%
• Nifty I.T. index is the other major gainer; up 0.8%
• Nifty Media and Metal are the top sectoral laggards; down 0.9% each
• IndusInd Bank remains the top Nifty gainer; up 3.3%
• NTPC and Hindalco are the top Nifty laggards; down 1.4% each
• 770 stocks on the NSE trade with gains while 1,059 are declining

ICICI Bank to invest Rs 4.5 crore to acquire stake in an online school management platform.

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— BloombergQuint (@BloombergQuint) December 29, 2020

• Benchmark indices trade at the highest point of the day; gain for the fifth straight day
• Nifty up 0.7% at 13,965
• Sensex up 0.74% at 47,703
• Nifty Bank up 1.4% at 31,301
• Nifty Midcap index up 0.4%
• Nifty Smallcap index up 0.7%
• India Volatility Index little changed at 20.5
• Nifty PSU Bank index is the top sectoral gainer; up 2.1%
• Nifty I.T. is the other major sectoral gainer; up 1.3%
• Nifty Metal trades with a negative bias
• IndusInd Bank is the top Nifty gainer; up 3.9%
• JSW Steel is the top Nifty laggard; down 0.9%
• 1,203 stocks on the NSE traded with gains while 554 are declining

• Top gainer on the Nifty Smallcap index
• Gains as much as 9.4% to Rs 183.9
• Biggest single-day gain since three months
• Trading at the highest level since June 2019
• Today's volumes are nearly 10 times its 20-day average
• Stock in overbought territory with Relative Strength Index (RSI) at 74
• Six out of the nine analysts tracking the stock have a buy recommendation; 2 sell calls
• The stock has crossed its 12-month consensus price target of Rs 177.22

Indian equity markets have opened with a positive bias, extending their gains for the fifth straight day. Sentiment across the Asia Pacific is largely positive after U.S. equities surged to a record high overnight.

The S&P BSE Sensex opened 0.24% higher at 47,466 while the NSE Nifty 50 index opened above the mark of 13,900, up 0.27% at 13,910.

Among the sectoral indices, the Metal index has opened with gains of 0.9% while the PSU Bank index is up 0.7%. Other indices like the Nifty Bank and Nifty Media gained 0.5% each while the Auto and FMCG indices are up 0.4% at the start of trade.

Broader markets are outperforming in the early minutes of the trading session. The Midcap index is up 0.5% while the Smallcap index gained 0.6%.

1,281 stocks on the NSE have opened with gains while 281 are declining.

Good Morning!

Indian equity markets continued their record-breaking run with the benchmark indices notching their fourth straight session of gains, aided by sustained foreign inflows.

The S&P BSE Sensex ended above 47,000, while the NSE Nifty 50 is close to the 13,900-mark. The Nifty Bank index, too, closed near 31,000 on Monday.

Futures are again indicating a positive start for Indian equities on Tuesday. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, rose 0.35% to 13,936 as of 8:05 a.m.

Globally, most Asian markets are trading with gains this morning after benchmarks on Wall Street rallied to a record high overnight.

Shares gained in Japan, Australia and Hong Kong, while those in South Korea and China were fluctuating. Futures on the Dow Jones are trading 120 points higher. The index gained 0.7% on Monday.

West Texas Intermediate crude rose 0.7% to $47.97 per barrel, while gold was little changed at $1,875.6/Oz.

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