Sensex zooms 380 pts, ends at record high on US stimulus cheer, Brexit deal

All that happened in the markets today

3:56 PM

MARKET VIEW | Ajit Mishra, Religare Broking

Markets started the week on a buoyant note and posted decent gains led by positive global cues. The optimism over the news that the US President has signed the stimulus package triggered healthy buying in the equity markets. Besides, participants also took note of the beginning of the vaccine drive in various parts of the world. Consequently, the Nifty index settled around the day’s high at 13,883 levels. We’re mirroring the global markets and indications are in favour of prevailing up move to continue and Nifty can test another milestone of 14,000 mark soon. On the domestic front, Auto sales numbers and PMI data would be actively tracked by participants ahead. Meanwhile, we suggest maintaining a positive yet cautious stance and avoiding contrarian trades.

3:45 PM

HDFC twins, ICICI Bank among top contributors to Sensex today

3:44 PM

Nifty sectoral indices at close | All indices, except, Nifty Pharma end in green

3:42 PM

Sensex Heatmap | Top index gainers & losers

-- 26 Sensex stocks end in the green

-- Titan best Sensex performer

-- HUL top laggard
 

3:40 PM

CLOSING BELL

Sensex scales fresh record high, rises 380 points or 0.81 per cent to end at 47,354; Nifty too logs new closing high of 13,873, up 124 points or 0.9 per cent

3:21 PM

Heatmap: S&P BSE Sensex gainers and losers at this hour

3:11 PM

Dixon soars 7% as arm inks pact with Motorola to manufacture smartphones

Shares of Dixon Technologies (India) rose 7 per cent to Rs 13,622 on the BSE on Monday after the company’s wholly-owned subsidiary Padget Electronics entered into an agreement with Motorola for manufacturing of smartphones. The products will be manufactured at Padget's manufacturing facility situated at Noida, Uttar Pradesh, the company said. READ MORE

3:10 PM

Brexit to benefit select Indian firms, but only in the long-run: Analysts

The United Kingdom (UK) and the European Union (EU) last week struck a historic Brexit deal that cheered global markets, including investors back home. Though most analysts remain bullish on the prospects of companies that do business with the region, but caution that the benefit, if any, will be visible only over the long-term. READ MORE

2:56 PM

Wipro's Rs 9,500 cr buyback opens tomorrow. Should you tender your shares?

IT services major Wipro's share buyback programme will commence on December 29 and close on January 11, 2021. In November, shareholders had approved the buyback plan for purchase of up to 23.75 crore equity shares at Rs 400 per share, aggregating to an amount of up to Rs 9,500 crore. The company has set December 11, 2020 as the record date for determining eligibility for the buyback. Siddharth Khemka, head of retail research at Motilal Oswal Financial Services, said that since the IT stocks, including Wipro, have done well over the past few months, investors looking for a payout can tender their shares. READ MORE

2:50 PM

Sensex hits fresh record high in afternoon deals, tops 47,400

2:41 PM

NEWS FLASH | TCS m-cap crosses Rs 11 lakh crore; stock hits 52-week high of Rs 2,498.20

2:26 PM

Tata Motors, Infosys: How to trade UK-linked Indian stocks post Brexit deal

Tata Consultancy Services Limited (TCS): After hitting a new all-time high above Rs 2,873 recently, the stock is able to generate buying momentum at higher levels. The gradual upside toward this new high is witnessing a steady rise in the Relative Strength Index (RSI), which has successfully crossed the 55 value. Going forward, till the counter trades above Rs 2,800 levels on the closing basis, the upside move may see a rally in the direction of Rs 3,200 levels, as per the daily chart. READ MORE

2:17 PM

Pilani Investments surges 14%, hits 34-month high ahead of 2:5 bonus issue

Shares of Pilani Investments and Industries Corporation soared 14 per cent to hit 34-month high of Rs 2,870 on the BSE in intra-day trade on Monday ahead of 2:5 bonus issue. The stock will turn ex-date for bonus shares on Thursday, December 31. The stock was trading at its highest level since February 2018. READ MORE

2:08 PM

HDFC Bank, ICICI Bank, and RIL top contributors to Sensex's gain today

1:51 PM

Nifty Pharma slips into the red, trades flat

1:37 PM

NIIT hits 52-week high after board approves Rs 237 crore buyback proposal

Shares of NIIT rose 5 per cent to hit a fresh 52-week high of Rs 209.90 on the BSE in intra-day trade on Monday after the company on Thursday said its board has approved an up to Rs 237 crore buyback proposal at Rs 240 per equity share. The buyback price of Rs 240 per share is at a 20 per cent premium to Thursday's closing price. READ MORE

1:25 PM

MARKET CHECK | BSE advance-decline ratio at nearly 2:1

At around 1.25 pm, 1,937 shares were gaining while 973 were in the red. Some 236 stocks hit 52-week highs and 35 were at 52-week lows.

1:12 PM

SECTOR WATCH | BSE Realty best sectoral performer, rises nearly 4%

1:05 PM

Oil trims losses after Trump signs aid bill; demand concerns linger

Oil pared some of its losses from earlier on Monday after U.S. President Donald Trump signed a $2.3 trillion coronavirus aid and spending package but lingering worries about near-term demand weighed on market sentiment. Brent crude futures were down 25 cents, or 0.5%, to $51.04 a barrel at 0700 GMT, having fallen as much as 1.5% to $50.53 a barrel earlier in the session. U.S. West Texas Intermediate (WTI) crude futures slipped 19 cents, or 0.4%, to $48.04 a barrel. (Source: Reuters)

1:01 PM

India VIX rises 2%, hovers above 20 level

12:51 PM

Dixon Technologies arm inks deal with Motorola Mobility

Dixon Technologies, a contract manufacturer in electronic goods, on Monday said its wholly owned subsidiary Padget Electronics Pvt Ltd has entered into an agreement with Motorola Mobility LLC for manufacturing of smartphones. "Dixon's wholly owned subsidiary Padget Electronics has signed an agreement with Motorola for manufacturing of smartphones," Dixon Technologies said in a regulatory filing.

12:36 PM

2020, a 'gloom, doom and boom' year for metals amid Covid-19 pandemic

The year 2020 is one of those in which industrial commodities like metals and oil have seen extremes, both on the upside and downside. While Covid-19-led lockdowns across the globe destroyed demand in the early part of 2020, a supply cut-driven rally and sharp recovery in the auto sector have emerged as big themes. Domestic demand for these commodities, for instance, has seen a spike from September and is likely to increase further. READ MORE

12:21 PM

MARKET UPDATE:: Broader indices outperform benchmarks

12:05 PM

Dish TV slips 10% on demand notice of Rs 4,164 crore from govt

Shares of Dish TV India tumbled 10 per cent to Rs 13.35 on the BSE on Monday, falling 14 per cent in the past two trading days on profit booking after the company said it has received a demand notice from the government for payment of Rs 4,164.05 crore, which includes licence fee and interest. The stock of the broadcasting & cable TV operator hit a 52-week high of Rs 16.30 on Wednesday in intra-day trade. Prior to two days' decline, the stock had outperformed the market by surging 60 per cent in the month of December. READ MORE

11:53 AM

Adani Group stocks in focus

COMPANY NAME	LATEST	HIGH	LOW	CHG(%)
ADANI POWER	50.15	50.15	47.85	4.92
ADANI PORTS	490.85	491.50	480.05	2.62
ADANI ENTERP.	501.30	501.35	473.00	5.94
ADANI TRANSMISSI	448.05	455.00	430.90	4.67
ADANI GREEN	1031.75	1045.90	1025.80	-0.39

11:45 AM

Replacement market helps tyre cos end 2020 with better capacity utilisation

going up on the backdrop of demand recovery, mainly driven by the replacement market. While some players have deferred part of the capex, some have decided to expand ont the hope that demand will be better in the coming fiscal. According to Automotive Tyre Manufacturers' Association (ATMA), tyre production dropped by 30% during the first half of FY21 in view of lockdown and restrictions on mobility in the first quarter which severely hampered the production. Reduced demand from both replacement and OE segments also affected the production. READ MORE

11:34 AM

Hindustan Foods advances 41% in 4 days

Shares of Hindustan Foods hit a fresh record high of Rs 1,459, rallying 12 per cent on the BSE in intra-day trade on Monday, after the company announced capex of Rs 125 crore to set up a manufacturing facility in north India as part of its goal to more than double its revenue to Rs 2,000 crore by fiscal year 2021-22. The company is one of India’s largest fast moving consumer goods (FMCG) contract manufacturer. In the last four trading days, the ctok has surged a massive 41 per cent. READ MORE

11:30 AM

BUZZING STOCK:: Tips Music hits 20 per cent upper circuit after signing global licensing pact with Facebook

11:18 AM

Top gainers on BSE at this hour

COMPANY	PRICE(rs)	CHG(%)
FIRSTSOUR.SOLU.	108.80	18.39
NILKAMAL LTD	1558.00	9.42
GRINDWELL NORTON	754.20	7.42
MAHINDRA LIFE.	358.95	6.97
TATA ELXSI	1869.80	6.33

11:07 AM

Market watch