HDFC twins, RIL drive Sensex 834 pts up; Nifty tops 14,500; midcaps outrun

Stock market LIVE updates: India VIX cools off 6%

4:25 PM

MARKET CLOSING COMMENT :: Keshav Lahoti, associate equity analyst at Angel Broking

Tracking positive global cues, Nifty opened positively & gradually rallied during the day to close up by 1.7%. Rally was all across the sectors, all the sectoral indices closed in green. Nifty Realty closed up by 4.2% due to strong demand & favourable announcement in budget for the sector.  Mindtree closed up by 1.1% after it posted a 66% year-on-year rise in Q3 net profit.  Cholamandalam Investment and Finance Company surged 7% after its MD Arun Alagappan resigned.  Indiabulls Real Estate soared 11.5% after its quarterly consolidated net profit rose by 64%.  We are cautiously bullish on the market and expect it to hit new highs again.

4:17 PM

MARKET CLOSING COMMENT :: Deepak Jasani, Head of Research, HDFC Securities

Indian equity benchmark indices bounced back strongly on Jan 19 after two days of losses. At close, the Nifty was up 239.90 points or 1.68% at 14,521.20.

 

Volumes on the NSE were the lowest since Jan 01. Among sectors, Realty, Metals, PSU Banks, Media, Bank, Auto and Pharma rose the most.

 

Nifty has bounced back smartly on Jan 19, however with lower volumes. This has raised hopes of continuation in the upmove. Sharply positive advance decline ratio also reinforces this feeling. However it would be interesting to watch as to whether Nifty will cross 14653 and make a new high.

 

 

4:09 PM

MARKET CLOSING COMMENT :: Shrikant Chouhan, Executive VP, Equity Technical Research at Kotak Securities

The market has formed complete reversal formation by closing above the highest of the previous day, which was at 14459/49122. Today, all the sectors closed in positive territory. The market breadth was extremely encouraging. Unusual surge in the Hang Seng helped other Asian markets to trade higher. Along with Asian markets, today’s performance of US markets would decide the next course of action for our markets. The market is heading for 14580/49600 levels, which is a crucial hurdle point for the market. On the decisive break of 14580/49600 levels, it would result in retesting of 14650/49800 levels, which is an all-time highest level. On the downside, 14450/49100 and 14350/48800 would be major supports. The focus should be on Commodities and Pharmaceutical stocks

4:04 PM

MARKET CLOSING COMMENT :: Ajit Mishra, VP - Research, Religare Broking

The bulls were back in action as the markets gained nearly two percent and settled around the day’s high as well. After two days of slide, the benchmark opened higher, in response to an optimistic statement from US Secretary of Treasury, Janet Yellen, about a big fiscal push in the US. The momentum further gained strength as the session progressed, with healthy buying across sectors. Consequently, the Nifty ended at 14,521 levels; up by  1.7%. The broader markets too posted decent gains in the range of 1.6-2.3%. Amongst the sectors, all the indices ended in positive with realty, metals and capital goods were the top gainers.

 

Going ahead, earnings and global cues would remain on the participants’ radar. Besides, we’re also seeing noticeable buzz across the sectors in run up to Budget. We feel it would be prudent for the markets to spend some time around the current levels. Meanwhile, there’ll be no shortage of trading and investment opportunities, thanks to prevailing earnings season and upcoming budget. Amid all, we suggest not to go overboard and stick to the quality names and accumulate them on dips.

 

4:01 PM

MARKET CLOSING COMMENT :: Vinod Nair, Head of Research at Geojit Financial Services

Bulls took control after two days of massive sell-off, tracking positive cues from Asian markets and in expectation that the bigger US stimulus may keep the liquidity alive. Buying was seen across sectors with realty and PSU Banks outshining. The current market will get further boost by foreign inflow if additional US stimulus kicks in. However, recent volatility in the market has increased due to concerns over high valuations and bond yields, investors should be watchful

4:00 PM

TECH VIEW :: Ashis Biswas, Head of Technical Research, CapitalVia Global Research

The market witnessed a strong pullback rally after a few sessions of continuous correction while sustaining and closing above 14400 would be a key factor in the market for the rally to continue. The market is aligned to be in a range-bound movement between the levels of 14180-14680. A decisive breakout above the zone of 14680-14700 could lead to an improvement in market breadth, and a rally till the levels of 14850-14870.

3:58 PM

SECTOR OF THE DAY :: Nifty Realty index gains 5% in intra-day

3:56 PM

Bajaj twins surge day ahead of Q3 nos

>> Results are scheduled for tomorrow, Jan 20

3:54 PM

Tata Motors jumps 5%, ends as top gainer on Nifty

3:51 PM

STOCK OF THE DAY :: Indiabulls Real estate ends over 11.5% higher

>> The stock surged over 14% in the intra-day trade today post stellar Q3 results

3:48 PM

S&P BSE SmallCap performs in-line with frontline indices

3:47 PM

Mid-caps in focus :: BSE Midcap index ends 2% higher; IDFC First Bank, L&T Finance Holdings jump up to 8%

3:45 PM

Sectoral trends on NSE :: Realty stocks outperform on hopes of earnings revival

3:44 PM

Sensex Heatmap :: Tech M, ITC, and M&M end as the only losers

3:40 PM

Rupee Closing

Rupee ends at 73.17 per US dollar vs Monday's close of 73.28/$

3:35 PM

CLOSING BELL

The S&P BSE Sensex index pared gains marginally and closed with gains of 834 points, or 1.7 per cent, at 49,398.29 levels. 

 

On the NSE, the Nifty50 reclaimed the 14,500-mark in the intra-day trade to hit a high of 14,546. The 50-share index, however, closed at 14,521 levels, up 239.85 points or 1.68 per cent. 46 of the 50 continuents ended the day in the green.

3:29 PM

Dec Quarter Result :: Ceat's net profit comes in at Rs 132.1 crore

>> Revenue comes in at Rs 2,221.3 crore

>> EBITDA at Rs 327.7 crore

>> EBITDA margin at 14.7%

3:21 PM

Apollo Hospitals hits record high on launch of Rs 1,000-crore QIP

The company said funds would be utilized for purchasing the balance 50 per cent stake in Apollo Gleneagles, any potential inorganic opportunity, reducing debt, technology upgradations, and other general corporate purposes. READ MORE

3:14 PM

NBFC shares in focus; Bajaj twins, Cholamandalam Investment surge up to 9%

Shares of non-banking financial companies (NBFC) were in focus in Tuesday's session as the Bajaj twins – Bajaj Finance and Bajaj Finserv - rallied 9 per cent and 6 per cent, respectively, while Cholamandalam Investment and Finance Company, too, surged 9 per cent on the BSE in intra-day trade on the back of heavy volumes. READ MORE

3:02 PM

Market Update :: Sensex rallies over 900 points

2:59 PM

IRFC IPO sails through on Day 2 of the bidding process

2:55 PM

Home First Finance IPO to open on Jan 21; issue price fixed at Rs 517-518

Investors can bid for 28 equity Shares and in multiples thereof

 

2:44 PM

Stocks that hit 52-week high on BSE today

COMPANY	PRICE(rs)	52 WK HIGH	CHG(%)
A B B	1387.20	1417.70	3.14
APOLLO HOSPITALS	2650.00	2654.05	1.65
BAJAJ AUTO	3657.60	3663.95	2.73
BANK OF MAHA	15.60	16.17	5.76
CAN FIN HOMES	527.55	529.20	5.39

2:37 PM

Nifty reclaims 14,500-mark in intra-day trade

2:31 PM

Tata Metlaliks Q3 reportcard

>> Revenue at Rs 526 cr vs Rs 519 cr YoY

 

>> PAT at Rs 75 cr vs 46 cr YoY

 

>> Total Income at Rs 528 cr vs Rs 522 cr YoY

>> EBIDTA at  Rs 127 cr vs 78 cr YoY

2:26 PM

Chemcrux shuts down production operations at Ankleshwar Plant; stock tanks

The company said it has shutdown production activities at Ankleshwar Plant, as a self compliance to the closure order of Gujarat Pollution Control Board (GPCB). Stock was down over 8%.

2:20 PM

Top gainers on the BSE at this hour

COMPANY	PRICE(rs)	CHG(%)
INDBULL.REALEST.	86.40	10.63
HFCL	33.20	10.48
L&T TECHNOLOGY	2575.95	8.42
SOBHA	484.90	8.32
L&T FIN.HOLDINGS	107.35	7.89

2:14 PM

Heatmap: S&P BSE Sensex gainers and losers

2:00 PM

Automobile Q3 results preview: Strong volume recovery to drive earnings

A sharp recovery in volumes across segments and leaner cost of operations due to cost-cutting measures are set to help auto companies post strong results for the December quarter of FY21 (Q3FY21), analysts believe. Moreover, pent-up demand, increased preference for personal mobility and strong rural sentiments have also helped revive the sector.

 

According to HDFC Securities, the demand for automobiles has been resilient even post the traditional Diwali sales. READ MORE

1:48 PM

MARKET CHECK :: MidCap stocks outperform; NBFC stocks lead