Bull run continues; Sensex ends at record peak of 46,666, Nifty tops 13,650

All that happened in today's market

Image SI Reporter New Delhi
Brokers trade at their computer terminals at a stock brokerage firm in Mumbai (

HDFC, HDFC Bank, TCS, Infosys, and Bharti Airtel were the top contributors to the Sensex's gain today.

The domestic equity market witnessed yet another strong session on Wednesday amid broad-based buying. 

Both the benchmark indices, S&P BSE Sensex and NSE's Nifty, ended at record closing highs. The 30-share index Sensex rallied 403 points, or 0.87 per cent to end at 46,666.46 levels. During the day, the index hit a lifetime high of 46,704.97 levels.

HDFC, HDFC Bank, TCS, Infosys, and Bharti Airtel were the top contributors to the Sensex's gain today. 

On the NSE, the broader Nifty50 index closed the day at a record level of 13,682.70, up 115 points, or 0.85 per cent. In the intra-day trade, the index scaled an all-time peak of 13,692.35.  

The broader market, too, participated in the rally. The S&P BSE MidCap index ended 0.87 per cent higher at 17,888 levels and the S&P BSE SmallCap index settled at 17,852, up 0.88 per cent. 

Among sectoral indices on the NSE, barring Nifty PSU Bank, all other indices advanced. Nifty Realty gained the most - up over 5 per cent to 303.85 levels. Nifty PSU Bank, on the other hand, slipped over 1.6 per cent to 1,803.75 points.

Among individual stocks, the newly-listed Burger King India shares continued to rally. The stock hit the 20 per cent upper circuit limit for the third day in a row. It ended at Rs 199.25 on the BSE. 
 
Global markets

In Europe, shares extended gains to a third straight session on Wednesday on rising hopes of a Brexit trade deal and the possible roll-out of a Covid-19 vaccine in the continent before the new year. 

In commodities, oil prices fell on a surprise gain in crude oil inventories in the United States and on persistent investor worries about demand for fuel being squeezed amid tighter lockdowns in Europe to counter the coronavirus pandemic.

(With inputs from Reuters)
4:08 PM

MARKET VIEW | Vinod Nair, head of Research at Geojit Financial Services

Indian market is effortlessly rallying to record highs on a daily basis tracking firm global markets. Increasing prospects of US stimulus measures, hopes of an effective vaccine and a conclusive Fed meeting to announce a positive policy are lifting market sentiments across the globe. In the domestic market, all sectors witnessed good momentum with realty leading the rally in hopes of a revival in demand.
4:05 PM

NEWS FLASH :: Sebi board meet outcome

  • Sebi approves new norms for shareholding under CIRP
  • Min 5% public shareholding on relisting mandated by Sebi 
  • Cos under insolvency process to have min 5% free float
  • Sebi clears relaxation to promoters on FPO requirement of 20% MPC (minimum promoter contribution)
 
 
3:59 PM

MARKET VIEW | S Ranganathan, head of Research at LKP Securities

Bulls wrested complete control during the day with consumer-facing companies witnessing good appetite from Investors post the thumping success of the QSR IPO recently. Markets are absorbing profit booking too which is a very healthy sign as the mood seems buoyant with good appetite seen at lower levels. Defence stocks too were in the limelight today as investors sought value in many stocks across the sector.
3:58 PM

Burger King shares end at 20% upper circuit limit for 3rd day in a row

3:56 PM

PNB ends 7% down, manages to close above QIP floor price of Rs 37.35

3:49 PM

MARKET STATS

  • Advance-decline ratio on BSE at nearly 3:2
  • Stocks at 52-week high: 325
  • Stocks at 52-week low: 46
  • 474 scrips touched upper circuits while 204 scled lower limits
3:47 PM

HDFC twins, IT stocks among top Sensex contributors

3:46 PM

Broader markets outperform benchmark

Nifty Midcap 100 and Nifty Smallcap 100 indices rose 1.15 per cent and 1.01 per cent, respectively as against a 0.85 per cent increase in Nifty50, thus outperforming benchmark. The broadest index on NSE Nifty 500 gained in tandem with Nifty, up 0.86 per cent.
3:42 PM

Sectoral Trend: Barring Nifty PSU Bank, all indices on NSE end in the green

3:37 PM

Sensex Heatmap | Top index gainers & losers

  • 21 Sensex stocks end in the green
  • Bharti Airtel best Sensex performer
  • ICICI Bank worst laggard
3:35 PM

CLOSING BELL

Sensex scales fresh record high, rises 403 points or 0.87 per cent to end at 46,666.46; Nifty too logs new closing high of 13,682.70, up 115 points or 0.85 per cent
3:29 PM

Bharti Airtel gains nearly 3%

3:27 PM

MARKET CHECK

3:19 PM

NEWS ALERT | Cabinet approves next round of spectrum auction

>> Notice inviting applications w.r.t spectrum auction this month
 
3:14 PM

CABINET BRIEFING | Govt to subsidise 6 mn tn sugar exports

3:12 PM

NEWS ALERT | Cabinet approves Rs 3,500 crore subsidy for sugar farmers

3:08 PM

NEWS ALERT :: Infosys, RBL Bank tie-up for Digital Banking Solution Suite on Cloud

2:57 PM

As green shoots emerge all across, confidence returns to IndusInd stock

If management commentaries from banks were rated in terms of their confidence, IndusInd Bank would have easily climbed the top spot after its September quarter (Q2) results. For the first time since taking charge as MD & CEO of the bank in March, Sumant Kathpalia spoke about strong green shoots emerging across segments, even for the vehicle finance business. READ MORE

2:52 PM

Hindustan Copper rallies 16%, hits 52-week high of Rs 60.30

2:50 PM

Textile, apparel stocks in focus; Page Ind, TCNS Clothing surge up to 14%

Shares of textiles, readymade garments and apparel companies were trading actively on Wednesday on expectation of higher demand going forward. Individually, Page Industries, TCNS Clothing Company, Himatsingka Seide, Gokaldas Exports, Dollar Industries, Bombay Dyeing and Manufacturing, Arvind Fashions, Siyaram Silk Mills, and Monte Carlo Fashions from these segments were up between 5 per cent and 14 per cent on the BSE. In comparison, the S&P BSE Sensex was up 0.78 per cent at 46,623 points at 01:49 pm. READ MORE
textile, clothes, industry

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First Published: Dec 16 2020 | 7:45 AM IST

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