Sensex, Nifty Post Modest Gains; ONGC, L&T Top Performers

Indian equity markets remained sideways for the third straight day, ending with modest gains but registering another record high.

The S&P BSE Sensex ended with gains of 0.34% at 46,253 while the NSE Nifty index ended 0.33% higher at 13,558. Both the benchmark indices ended higher for the second straight day.

Among sectoral indices, it was the PSU Banks and Media stocks that outperformed in today's session. Both the respective indices ended with gains of 1.8% each.

The Nifty Metal index was the other sectoral gainer in today's session, ending 1.4% higher. The index ended at the highest level in two years.

Auto and Real Estate stocks were the laggards in today's session. Both the respective indices fell over 1% in today's session.

Broader markets outperformed to start the week on a strong note. The Midcap index gained 0.6% while the Smallcap index ended 0.8% higher.

India Volatility Index rose 3.4% to end at 19.43.

1,204 stocks on the NSE ended with gains while 697 stocks declined.

Larsen & Toubro wins orders for multiple business divisions.

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— BloombergQuint (@BloombergQuint) December 14, 2020

• Benchmark indices trade with modest gains
• Nifty up 0.3% at 13,550
• Sensex up 0.3% at 46,230
• Nifty Bank up 0.6% at 30,777
• Nifty Midcap index up 0.7%
• Nifty Smallcap index up 0.6%
• India Volatility Index up 3.5% to 19.45
• Nifty Media is the top sectoral gainer; up 1.9%
• Nifty PSU Bank, Nifty Metal index up 1.4% each
• Nifty Auto is the top sectoral laggard; down 1%
• Larsen & Toubro is the top Nifty gainer; up 4.5%
• Eicher Motors is the top Nifty laggard; down 2.5%
• 1,225 stocks on the NSE are trading with gains while 632 decline

Shares of Ramco Systems rise to the highest in four years after the company signs multi-million dollar agreements in Europe, Asia and Americas.

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— BloombergQuint (@BloombergQuint) December 14, 2020

• Benchmark indices give up gains to trade little changed
• Nifty down 1 point at 13,512
• Sensex down 6 points at 46,092
• Nifty Bank up 0.3% at 30,694
• Nifty Midcap index up 0.4%
• Nifty Smallcap index up 0.5%
• India Volatility Index up 4.4% to 19.6
• Nifty Media, Metal and PSU Bank index up 1.2% each
• Nifty Auto is the top sectoral laggard; down 1%
• Nifty I.T. and Nifty Realty down 0.3% each
• Cipla remains the top Nifty gainer; up 3.6%
• Hero MotoCorp is the top Nifty laggard; down 2%
• 1,111 stocks on the NSE trade with gains while 722 decline

• Among top gainers on the Nifty 500 index
• Gains as much as 14.7% to Rs 1,182
• Trading at the highest level since September 2018
• Up for the sixth straight day
• Longest winning streak since April this year
• Up 50% in the last 10 trading sessions
• Today's volumes are nine times its 20-day average
• Stock in Overbought territory with Relative Strength Index (RSI) at 93
• Two out of the three analysts tracking the stock have a buy recommendation
• The stock trades 69% higher than its 12-month consensus price target of Rs 365

• Benchmark indices off opening highs
• Nifty up 0.2% at 13,544
• Sensex up 0.24% at 46,205
• Nifty Bank up 0.5% at 30,766
• Nifty Midcap index up 0.3%
• Nifty Smallcap index up 0.7%
• India Volatility Index up 4% to 19.54
• Nifty Metal is the top sectoral gainer; up 1.7%
• Nifty PSU Bank and Nifty Media index up 1.4% each
• Nifty Auto is the top sectoral laggard; down 0.7%
• ONGC is the top Nifty gainer; up 3.8%
• Eicher Motors is the top Nifty laggard; down 1.7%
• 1,180 stocks on the NSE are trading with gains while 604 are declining

Burger King lists at 92% premium. #BQStocks

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— BloombergQuint (@BloombergQuint) December 14, 2020

Indian equity markets began the new trading week on a steady note, opening at record high levels.

The S&P BSE Sensex opened 0.4% higher at 46,284 while the NSE Nifty 50 index opened 0.43% higher at 13,571. Both benchmarks registered their sixth straight weekly advance last week.

Among the sectoral indices, both Nifty Media and Nifty Metal index opened with gains of 1% each while the PSU Bank index rose 1.2%.

Nifty FMCG, Nifty Bank gained 0.4% while the I.T. index gained 0.5% at the start of trade.

Broader markets too have opened with gains today. The Midcap index is up 0.6% while the Smallcap index is outperforming with gains of 0.8%.

1,117 stocks on the NSE have opened with gains while 817 have declined.

Good Morning!

Indian equity markets posted their sixth straight weekly gains on Friday — the longest such winning streak since July this year. The S&P BSE Sensex and the NSE Nifty 50 had gained close to 2% each last week.

The prompted analysts to say that the 50-stock gauge needs to cross 13,600 for the next leg of upmove towards 13,750.

Futures are pointing towards a positive start to the new trading week. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, rose 0.4% to 13,585 as of 7:40 a.m. on Monday.

Burger King India will debut on the bourses today after investors piled into its shares, making it the second-most successful IPO of the year. It was the third such issue of 2020 that saw an overall subscription of over 150 times.

Globally, Asian markets have begun on a positive note this morning as investors take comfort from further negotiations on the stimulus front and the impending arrival of a Covid-19 vaccine in the U.S.

Futures on the Dow Jones are trading with gains of 180 points. The index ended little changed on Friday.

West Texas Intermediate crude was little changed at $46.58 per barrel, while gold fell 0.2% to $1,836.6/Oz.

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