Sensex Ends Higher For The 10th Day Led By Banks, I.T.

Indian equity markets continued their record run, notching yet another record high after recovering from the session's lows.

The S&P BSE Sensex ended 0.54% higher at 48,437. The index has now gained for 10 straight days, matching its longest winning streak seen in October 2020.

The NSE Nifty 50 too ended with gains of 0.5% at 14,199, recovering over 150 points from the day's low of 14,048.

Private Banks, which underperformed in Monday's trading session, gained momentum in today's session. The Nifty Bank index ended 1.6% higher, led by Axis Bank, which was the top gainer on the Nifty 50 index. In fact, four out of the top five gainers in today's trading session were BFSI stocks.

The Nifty I.T. index gained another 2.6% in today's session, registering another record high.

Most other indices recovered from the lowest point of the day. The Nifty Metal index was the only sectoral laggard, giving up 1.4% of Monday's gains of over 5%.

Broader markets moved in tandem with the benchmark indices. The midcap index ended with gains of 0.7% while the smallcap index rose 0.6%.

The India Volatility Index ended 2.1% higher at 20.46.

1,084 stocks on the NSE ended with gains while 842 were laggards in today's session.

• Third best gainer on the Nifty Smallcap index
• Gains as much as 9.2% to Rs 732.6
• Trading at the highest since September 2019
• Gains for the third straight day
• Today's volumes are more than triple its 20-day average
• One-month implied volatility at 87%
• Stock in overbought territory with Relative Strength Index (RSI) at 73.4
• 9 out of the 16 analysts tracking the stock have a buy recommendation; 4 sell calls
• The stock crossed its 12-month Bloomberg consensus price target of Rs 690 in today's session

• Benchmark indices recover from the day's low to trade with gains
• Nifty up 0.2% at 14,165
• Sensex up 0.3% at 48,333
• Nifty Bank up 1.1% at 31,545
• Nifty Midcap index up 0.4%
• Nifty Smallcap index up 0.4%
• India Volatility Index up 1.2% to 20.3
• Nifty I.T. remains the top sectoral gainer; up 2.4%
• Nifty Metal index remains the top sectoral laggard; down 1.5%
• Axis Bank remains the top Nifty gainer; up 5.4%
• Bajaj Finance & Hindalco are the top Nifty laggards down 2.4% each
• 1,006 stocks on the NSE trade with gains while 878 are declining

• Reliance Industries' 2,000 Call: Premium down 25% to Rs 54.75. The contract has added 7.5 lakh shares in Open Interest.
• Axis Bank's 650 Call: Premium up 61% to Rs 27.3. The contract has added 2.44 lakh shares in Open Interest.
• TCS' 3,100 Call: Premium up 21% to Rs 90.55. The contract has added 1.95 lakh shares in Open Interest.

• Benchmark indices fluctuate between gains and losses
• Nifty down 16 points at 14,116
• Sensex down 20 points at 41,156
• Nifty Bank up 0.3% at 31,297
• Nifty Midcap index up 0.2%
• Nifty Smallcap index up 0.4%
• India Volatility Index up 1.7% to 20.37
• Nifty I.T. index is the top sectoral gainer; up 1%
• Nifty Pharma is the other major gainer; up 0.6%
• Nifty Metal is the top sectoral laggard; down 1.6%
• Nifty Auto down 0.7% while PSU Bank index declines 0.5%
• Axis Bank is the top Nifty gainer; up 3.6%
• Hindalco is the top Nifty laggard; down 2.6%
• 967 stocks on the NSE trade with gains while 871 decline

Growth momentum continues in overall performance, says Talbros Automotive Components.

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— BloombergQuint (@BloombergQuint) January 5, 2021

IndusInd Bank sees advances rise to Rs 2.07 lakh crore in October-December.

Read other market updates: https://t.co/7fffXCkVi7 pic.twitter.com/DkOajxKdcV

— BloombergQuint (@BloombergQuint) January 5, 2021

Asia’s outperformance is seen continuing in 2021, with cyclicals expected to catch up to technology stocks as optimism over vaccine rollouts grows. Analysts on average predict that the MSCI Asia Pacific Index will rise about 8% over the next 12 months, versus an estimated 7% gain for the S&P 500 Index, Bloomberg surveys show.

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Shares of the company rose 12% with trading volume 15 times its daily average for this time of day. The stock was the best performer among its peers.

Indian equity benchmarks opened lower on Monday in line with most of their in Asian peers amid concern that a surge in global coronavirus cases could crimp the economic recovery.

The S&P BSE Sensex slipped nearly 0.2% to 48,100 as some investors took advantage of record-high index levels to book profits. The NSE Nifty 50 Index too fell 0.3%. Both indexes closed at new peaks yesterday.

“This is a buy-on-dips market. We are retaining value in our portfolio and also booking profits where there is excessive exuberance,” said Kranthi Bathini, a strategist at Mumbai-based WealthMills Securities Ltd told Bloomberg. “We are starting the year with a lot of optimism over the vaccine.”

• All but four of 19 sector indexes compiled by BSE Ltd. fell, led by a gauge of metal companies
• ONGC Ltd. and Tata Motors Ltd. contributed the most to the Sensex fall, sliding over 2%, while TCS Ltd. had the largest gain, rising 1.5%
• 35 of 50 shares on Nifty fell, while 15 rose.

Good Morning!

Indian equities scaled new highs again on Monday as foreign inflows continued unabated. The S&P BSE Sensex gained for the ninth straight session to end above 48,000, while the NSE Nifty 50 closed above 14,100.

But futures are pointing to a gap-down start for India's benchmark indices. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, fell 0.74% to 14,072 as of 8:05 a.m. on Tuesday.

No stocks are in the F&O ban for today's session. The street will keep an eye on HDFC and Bajaj Finance as they release their quarterly business updates, and on National Fertilisers.

Asian markets are declining this morning as investors chose to book profits amid a rise in coronavirus cases globally. Benchmark indices across the Asia-Pacific are declining, with Hong Kong and Australia leading the underperformance.

Futures on the Dow Jones are trading with gains of 50 points. The index fell 1.2% on Tuesday.

West Texas Intermediate crude recovered from the day's low to rise 0.2% to $47.71 per barrel, while gold fell 0.3% to $1,937.6/Oz.

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