Sensex ends at fresh closing peak, gains 154 pts; Burger King zooms 131%
All that happened in the markets today
 "BSE, Markets")
In the broader market, the S&P BSE MidCap index rallied 0.79 per cent to 17,659 while NSE's Nifty added 0.74 per cent to 17,683 points. (Photo: Kamlesh Pednekar)
The domestic equity market started the week on a strong note as the benchmark indices scaled fresh lifetime highs amid broad-based buying.
The highlight of the day, however, was Burger King India, whose shares zoomed 131 per cent to Rs 138.40 on the BSE on the listing day against the issue price of Rs 60. On the NSE, the stock zoomed 125 per cent to Rs 135. READ MORE
Among headline indices, the S&P BSE Sensex ended at a fresh closing peak of 46,253, up 154 points, or 0.34 per cent while NSE's Nifty ended 44 points, or 0.33 per cent higher at 13,558 levels.
Global markets
Volatility index, India VIX, gained over 3 per cent to 19 levels.
ICICI Bank, L&T, ONGC, and TCS were among the top contributors to the Sensex's gain while HDFC Bank and Reliance Industries (RIL) were the biggest drags.
In the broader market, the S&P BSE MidCap index rallied 0.79 per cent to 17,659 while BSE SmallCap index added 0.74 per cent to 17,683 points.
Among sectoral indices on the NSE, barring Nifty Auto and Nifty Realty, all other indices settled in the green. Nifty PSU Bank index surged 1.77 per cent to 1,860.75 levels while Nifty Metal added 1.38 per cent to 3,189.50 points.
Global markets
Stocks began a busy week with guarded gains as investors gauged the chance of added US fiscal and monetary stimulus, while the British pound rose in relief as a last-gasp extension to Brexit talks dodged a hard divorce.
In Europe, shares rose as a decision to extend trade talks between Britain and the European Union kept hopes of an eventual deal alive, but London’s blue-chips lagged on a higher pound as well as a 6.3 per cent drop in AstraZeneca.
In commodities, oil prices rose, pushing Brent back above $50 a barrel, buoyed by hopes that a rollout of coronavirus vaccines will lift global fuel demand while a tanker explosion in Saudi Arabia jangled nerves in the market.
(With inputs from Reuters)
4:09 PM
Tech View | Nifty forms Doji Candle for 3rd day: Rohit Singre, LKP Securities
The index formed a Doji candle for the third consecutive session, hinting indeciciveness in the markets. Nifty has formed a good base near 13,500-13,440 zone. If it holds above the said levels, we may see the bullish momentum continue towards immediate hurdle zone of 13,600-13,650. Below 13,400 zone, we may see some immediate trend reversal. Support for Nifty Bank is near 30,500-30,200 zone and resistance is near 31,000-31,200 zone.
4:05 PM
MARKET COMMENT | Vinod Nair, Head of Research at Geojit Financial Services
Market is continuing its bull run with a sustained interest in PSU banks and small and mid-cap stocks. Industrial output data, shows a growth in consumer durables production surpassing the pre-covid level and a strong pickup in electricity and manufacturing sectors. The domestic market is expected to gain its momentum from the global market, due to an eventful week ahead with Britain and EU moving for a no-deal Brexit and the US markets awaiting the outcome of the Fed meeting.
3:52 PM
Stellar Debut: Burger King India shares rally 131% from issue price
After opening at a premium of 92 per cent, shares of Burger King India extended gains to end at Rs 138.40, up 19.98 per cent on BSE from the listing price and a premium of 130.67 per cent from issue price. READ MORE
3:46 PM
Nifty Media top sectoral gainer on NSE
- Nifty Media index top sectoral gainer on NSE, up 2 per cent
- Seven of 10 index constituents ended in the green
- Dish TV biggest sectoral gainer, Hathaway worst loser
3:39 PM
Sectoral Trend: Barring Nifty Auto, Realty all sectors end in the green
3:36 PM
Top Sensex contributors: ICICI Bank, L&T, ONGC
3:35 PM
Sensex Heatmap | Top index gainers & losers
3:33 PM
CLOSING BELL
BSE Sensex ends at fresh record high of 46,253.46, up 154.45 points or 0.34 per cent. NSE Nifty gains 44.30 points or 0.33 per cent to settle at 13,558.15
3:26 PM
MARKET CHECK
3:21 PM
HDFC Bank appoints new Chief Risk Officer
HDFC Bank board approved appointment of Sanmoy Chakrabarti, Head- Risk Management, Chief Risk Officer (CRO) of the Bank, for a period of three years, with effect from December 14, in place of Jimmy Tata, as part of internal re-organization.
3:14 PM
PSU stocks in focus; Hindustan Copper, MMTC rally up to 20%
Hindustan Copper (HCL) soared 20 per cent to Rs 53.20 in intra-day today, on the back of heavy volumes. The trading volumes on the counter jumped over 10-fold with a combined 20.3 million equity shares changing hands on the NSE and BSE till 02:54 pm. READ MORE
3:05 PM
Sensex contributors at this hour
2:54 PM
BNP Paribas sees Sensex at 50,500 in 2021; remains overweight on India
BNP Paribas has maintained an overweight rating on Indian equities for calendar year 2021 (CY21) and expects the S&P BSE Sensex to hit 50,500 levels going ahead – up nearly 9.5 per cent from the current levels. Besides India, BNP Paribas remains overweight on China, Indonesia and Korea. Among Indian stocks, it has included ONGC and Marico in its model portfolio and has dropped Britannia. After an expected contraction of 11.4 per cent in 2020, it expects India’s gross domestic product (GDP) to grow at 11.6 per cent in 2021 and at 5 per cent in 2022. READ MORE
2:44 PM
Burger King India extends gains, freezes at 20% upper circuit
2:37 PM
BUZZING STOCKS:: Larsen & Toubro extends gain, zooms 5%
Topics : Markets Sensex Nifty50 MARKET WRAP
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First Published: Dec 14 2020 | 7:41 AM IST