Sensex, Nifty End Near Day’s High; Realty Stocks Outperform

Indian equity markets shrugged off three days of sideways movement to end near the highest point of the day. This, despite the absence of banking stocks contributing to the surge.

The S&P BSE Sensex ended 0.87% higher at 46,666 while the NSE Nifty 50 index rose 0.85% to end at 13,682. Both benchmark indices registered new record highs.

It was the real estate stocks that outperformed in today's session. The Nifty Realty index ended with gains of 5.1% - its biggest single-day gain since August 27, this year. The index ended at a 10-month high.

The other index that outperformed in today's session was the Nifty Metal index, which ended with gains of 1.8% and at the highest level since November 2018. This was the fifth straight day of gains for the Metal index.

The Nifty Auto and Nifty Pharma index gained 1% each while the Nifty I.T. index rose 0.8%.

Broader markets outperformed in today's session. The Nifty Midcap index gained 1.1% while the Smallcap index ended 1% higher.

The India Volatility Index ended below the mark of 20 for the 11th straight session, ending 0.47% lower at 19.25.

1,144 stocks on the NSE ended with gains while 746 declined.

• Top gainer on the Nifty Auto index
• Gains as much as 5.8% to Rs 100.4
• Trading at the highest level since January 2019
• Today's volumes are more than double its 20-day average
• One-month implied volatility at 54%
• Stock in overbought territory with Relative Strength Index (RSI) at 72
• 32 out of the 45 analysts tracking the stock have a buy recommendation; 3 sell calls
• The stock trades 6.1% higher than its 12-month consensus price target of Rs 93.7

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• Benchmark indices surge to the day's high
• Nifty up 0.8% at 13,673
• Sensex up 0.8% at 46,635
• Nifty Bank up 0.3% at 30,781
• Nifty Midcap index up 1.1%
• Nifty Smallcap index up 1.3%
• India Volatility Index down 0.6% to 19.22
• Nifty Realty index remains the top sectoral gainer; up 5.6%
• Nifty Metal index is the other major sectoral gainer; up 1.4%
• Nifty Auto index up 1% while Nifty Pharma up 0.8%
• Nifty PSU Bank remains the only sectoral laggard; down 0.8%
• HDFC is the top Nifty gainer; up 3.4%
• NTPC is the top Nifty laggard; down 0.9%
• 1,244 stocks on the NSE trade with gains while 599 are declining

• HDFC's 2,400 Call: Premium up 94% to Rs 75.5. The contract has shed 88,800 shares in Open Interest.
• Bajaj Finance's 5,000 Put: Premium down 11.8% to Rs 104.5. The contract has added 2.02 lakh shares in Open Interest.
• Maruti's 8,000 Call: Premium up 7.2% to Rs 137.5. The contract has added 4,400 shares in Open Interest.

• Benchmark indices hold on to gains
• Nifty up 0.6% at 13,643
• Sensex up 0.6% at 46,523
• Nifty Bank up 0.3% at 30,770
• Nifty Midcap index up 1%
• Nifty Smallcap index up 1.2%
• India Volatility Index down 0.8% to 19.19
• Nifty Realty index remains the top sectoral gainer; up 3.8%
• Nifty Metal, Nifty Auto indices up 1.2% each
• Nfity PSU Bank index remains the only sectoral laggard; down 0.4%
• Mahindra & Mahindra remains the top Nifty gainer; up 2.6%
• 39 out of the 50 Nifty constituents advance
• Eicher Motors is the top Nifty laggard; down 0.9%
• 1,304 stocks on the NSE trade with gains while 524 decline

• Top gainer on the Nifty Realty, Nifty 500 index
• Gains as much as 16.5% to Rs 80
• Biggest single-day gain since April 2017
• Trading at the highest level since February this year
• Today's volumes are more than five times its 20-day average
• One-month implied volatility at 128%
• Stock in overbought territory with Relative Strength Index (RSI) at 77

• Benchmark indices hold on to gains
• Nifty up 0.44% at 13,627
• Sensex up 0.5% at 46,489
• Nifty Bank up 0.2% at 30,763
• Nifty Midcap index up 0.7%
• Nifty Smallcap index up 1%
• India Volatility Index down 0.5% to 19.24
• Nifty Realty index is the top sectoral gainer; up 2.3%
• Nifty Metal index up 1.2% while the Nifty Auto index is up 1.1%
• Nifty PSU Bank index is the only sectoral laggard; down 0.5%
• Mahindra & Mahindra is the top Nifty gainer; up 2.8%
• Eicher Motors is the top Nifty laggard; down 1%
• 1,300 stocks on the NSE trade with gains while 456 decline

Indian equity markets have opened higher after three days of sideways movement, scaling new highs in the process as well.

The S&P BSE Sensex opened 0.7% higher at 46,573 while the NSE Nifty 50 index opened above the mark of 13,600 - up 0.7% at 13,663.

Among sectoral indices, the metal index is extending gains, opening 1.1% higher as is the Nifty Auto index, which has opened with gains of 1%.

The Nifty Bank is up 0.75% while the FMCG and Pharma indices have opened with gains of 0.5% each.

Broader markets too have opened higher in today's session. The Nifty midcap index is up 0.6% while the Smallcap index is up 0.7% at the start of trade.

1,280 stocks on the NSE have opened with gains while 286 stocks are declining.

Good Morning!

Indian equity markets have had three days of sideways movement. The benchmarks ended little changed on Tuesday after recovering from the day's lowest.

The S&P BSE Sensex recovered more than 400 points, while the NSE Nifty 50 rebounded over 120 points from their respective day's low.

Futures are indicating a positive start to the trading day. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, rose 0.4% to 13,635 as of 8:10 a.m. on Wednesday.

Punjab National Bank is out of the F&O ban, while Canara Bank remains.

Asian markets are gaining this morning after their peers in the U.S. halted a four-day losing streak overnight. Besides, benchmarks in Australia are outperforming, while those in Japan and South Korea are trading with gains.

Futures on the Dow Jones are trading 20 points lower. The index ended with gains of 1.1% on Tuesday.

West Texas Intermediate crude fell 0.2% to $47.53 per barrel, while gold was flat at $1,852.2/Oz.

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