Sensex Posts Longest Stretch Of Weekly Gains Since 2009

Indian equities came out of their two-day slumber to post a record close, rounding off a week of gains.

The S&P BSE Sensex ended 1.4% or 700 points higher at 48,782. The index registered a weekly advance for the 10th straight week. This is the longest stretch of weekly gains for the 30-stock index dating back to June 2009.

The NSE Nifty 50 too closed 210 points higher, gaining 1.5% to 14,347. 41 out of the 50 index constituents ended with gains.

Gains in today's session were led by Autos and Technology names. Maruti ended as the top Nifty gainer, rising close to 6% while three among the top five gainers on the index were I.T. majors. The Nifty Auto index ended with gains of 3.3% while the I.T. index jumped 3.6% to end at another record high.

The Media index too gained 3.3% in today's session, courtesy the surge in Zee Entertainment and Inox Leisure. The Nifty Pharma index rose 1.6%.

Underperformers today were Metals and PSU Banks. The Metal index fell 0.6% while the PSU Bank index declined 0.45%.

Broader markets underperformed the benchmarks, even as they ended higher. The Midcap index rose 1% while the Smallcap index ended 0.6% higher.

The India Volatility Index rose 1% to end at 20.82.

1,058 stocks on the NSE ended with gains while 846 stocks declined.

• Top gainer on the Nifty Midcap index
• Gains as much as 15% to Rs 33.4
• Trading at a record high
• Biggest single-day gain since April 2019
• Up for the fifth straight day
• Gains 38% in the last five trading sessions
• Today's volumes are more than six times its 20-day average
• Stock in overbought territory with Relative Strength Index (RSI) at 86
• Both analysts tracking the stock have a buy recommendation
• The stock crossed its 12-month consensus price target of Rs 32.5 in today's session

• Benchmark indices trade at the day's high; set for weekly gains
• Nifty up 1% at 14,284
• Sensex up 1% at 48,557
• Nifty Bank up 0.4% at 32,094
• Nifty Midcap index up 1%
• Nifty Smallcap index up 0.7%
• India Volatility Index down 0.7% to 20.47
• Nifty Media Index remains the top sectoral gainers; up 3.7%
• Nifty Auto and Nifty I.T. index gain 3% each
• Nifty Pharma and Nifty Realty up 1.5% each
• Nifty Metal is the only sectoral laggard; down 0.5%
• Tech Mahindra is the top Nifty gainer; up 5.8%
• Hindalco remains the top Nifty laggard; down 2%
• 1,174 stocks on the NSE trade with gains while 700 decline

AMFI Data | December Equity AUM up 6.8% (MoM) at Rs 8,87,231.59 crore. pic.twitter.com/AbBTeXYugS

— BloombergQuint (@BloombergQuint) January 8, 2021

Shares of Himatsingka Seide gain as much as 9% after it announces licensing agreement with Walt Disney.

Read all market updates: https://t.co/JlceyXS3kE pic.twitter.com/G5ibt7G07k

— BloombergQuint (@BloombergQuint) January 8, 2021

• Top gainer on the Nifty Media index
• Gains as much as 7.7% to Rs 235.9
• Trading at the highest in 10 months
• Today's volumes are triple its 20-day average
• One-month implied volatility at 64%
• Relative Strength Index (RSI) of the stock at 67
• 17 out of the 29 analysts tracking the stock have a buy recommendation; 2 sell calls
• The stock crossed its 12-month Bloomberg consensus price target of Rs 230 in today's session

• Benchmark indices trade at the day's high; set for weekly gains
• Nifty up 1.1% at 14,290
• Sensex up 1% at 48,570
• Nifty Bank up 0.7% at 32,195
• Nifty Midcap index up 1.2%
• Nifty Smallcap index up 1.2%
• India Volatility Index down 2% to 20.22
• Nifty Media index remains the top sectoral gainer; up 4.2%
• Nifty Realty and Nifty I.T. index gain 2.2% each
• Nifty Auto index up 2% while Pharma index up 1.5%
• UPL remains the top Nifty gainer; up 4%
• Hindalco is the top Nifty laggard; down 1.8%
• 1,283 stocks on the NSE trade with gains while 525 stocks decline

Sustained recovery in consumption at malls since reopening, says Phoenix Mills. pic.twitter.com/MnjH1Z8Ob8

— BloombergQuint (@BloombergQuint) January 8, 2021

• Benchmark indices trade with gains
• Nifty up 0.7% at 14,239
• Sensex up 0.65% at 48,406
• Nifty Bank up 0.55% at 32,134
• Nifty Midcap index up 1%
• Nifty Smallcap index up 1%
• India Volatility Index down 1.7% to 20.3
• Nifty Realty is the top sectoral gainer; up 2.8%
• Nifty Media is the other major sectoral gainer; up 2.4%
• Nifty I.T., Nifty Pharma and Nifty Auto gain over 1.3% each
• UPL is the top gainer on the Nifty 50 index; up 4%
• Hindalco is the top laggard on the Nifty 50 index; down 2%
• 1,310 stocks on the NSE trade with gains while 453 decline

Indian equity markets have begun the final trading session of the week on a positive note, opening at another record high after a two-day drop.

The S&P BSE Sensex opened 0.8% higher at 48,464 while the NSE Nifty 50 index has opened 0.9% higher at 14,258.

As of closing on Thursday, the Sensex was poised for its 10th straight weekly advance, its longest weekly run of gains since June 2009.

Among sectoral indices, the Nifty Bank index opened 1.1% higher close to its all-time high while the Nifty I.T. index opened with gains of 1.2%.

The Media index was the top gainer at the start of trade, opening 1.4% higher. Other indices like the Metal and PSU Bank index opened with gains of 0.8%.

Broader markets too have opened higher today. The midcap index opened at another record high with gains of 0.9% while the Smallcap index is up 1%.

1,344 stocks on the NSE trade with gains while 362 are declining.

Good Morning!

Indian equities witnessed weekly options expiry day volatility in the final minutes of trade on Thursday as they ended with losses.

This was the first time since Oct. 30 when both the Sensex and Nifty 50 declined for two straight sessions. Yet, the Sensex is up 0.5% so far this week. A positive close today would mean 10 successive weekly gains for the index, its longest such run since June 2009.

Futures are indicating a positive start to today’s trading session. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, rose 0.5% to 14,278 as of 8:00 a.m. on Friday.

Asian equities have followed their U.S. counterparts higher this morning on the prospects of more stimulus once Joe Biden takes over as the next U.S. President.

Benchmark indices in Japan, Australia and South Korea traded with gains, with the latter outperforming. Futures on the Dow Jones are trading 112 points higher after ending at a record high on Thursday with gains of 0.7%.

West Texas Intermediate crude rose 0.4% to $51.1 per barrel, while Bitcoin pared some gains after hitting the $40,000-mark.

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