MARKET WRAP: Sensex up 321 pts, Nifty ends near record high; metals gain
All that happened in the markets today
 "Photo: Shutterstock.com")
Photo: Shutterstock.com
Global gains, improved December auto sales figures, and expansion in manufacturing activity last month pushed Indian equities higher on Thursday. Reliance Industries, L&T, HDFC twins, and IndusInd Bank were the major contributors towards today's gains.
The S&P BSE Sensex ended 320.62 points, or 0.78 per cent, higher at 41,626.64 level, with UltraTech cement, Tata Steel, IndusInd Bank and L&T being the top gainers on the index. On the downside, TCS, Bajaj Auto, Infosys, and Nestle ended the day as top laggards.
On the NSE, the broader Nifty50 settled at record closing high of 12,283, surpassing its previous closing high of 12,271.80 (touched on December 20, 2019). At close, the Nifty index was up 100.45 points, or 0.82 per cent.
Besides, all major sectoral indices, barring Nifty IT index, ended the day in the positive territory. Nifty Metal and PSU bank indices were up over 2 per cent at close, while IT index declined 0.06 per cent. Nifty Bank index advanced over a per cent to end at record closing high of 32,438.25.
Besides, all major sectoral indices, barring Nifty IT index, ended the day in the positive territory. Nifty Metal and PSU bank indices were up over 2 per cent at close, while IT index declined 0.06 per cent. Nifty Bank index advanced over a per cent to end at record closing high of 32,438.25.
Meanwhile, broader markets settled with over a per cent gain each. The S&P BSE Mid-cap and Small-cap indices closed 1.18 and 1.44 per cent higher at 15,185.88 and 13,984.76 levels, respectively.
GLOBAL CUES
Asian shares kicked off 2020 on a strong note on Thursday, spurred by Chinese markets after Beijing eased monetary policy to support the slowing economy.
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.43%, Hong Kong’s Hang Seng added 1.05%.
European equities were set to follow Asia higher in their first trading session of the new decade. Pan-region Euro Stoxx 50 futures rose 0.62% and FTSE futures were up 0.31%, though German DAX futures fell 0.18%.
(With inputs from Reuters)
4:03 PM
Market Closing Comment :: Ranganathan, Head of Research at LKP Securities
NIFTY started 2020 on a positive note by rising 100 points today led by key pivotals like RIL & L&T. What was also encouraging was the buoyancy witnessed in the broader market with several midcaps and smallcaps participating in the rally
3:44 PM
Nifty snapshot at close
3:43 PM
Top gainers and losers on S&P BSE Sensex at close
3:42 PM
Closing Bell
>> The S&P BSE Sensex ended 320.62 points, or 0.78 per cent, higher at 41,626.64 level, with UltraTech cement, Tata Steel, IndusInd Bank and L&T being the top gainers on the index.
>> On the NSE, the broader Nifty50 settled at record closing high of 12,283, surpassing its previous closing high of 12,271.80 (touched on December 20, 2019). At close, the Nifty index was up 100.45 points, or 0.82 per cent.
>> On the NSE, the broader Nifty50 settled at record closing high of 12,283, surpassing its previous closing high of 12,271.80 (touched on December 20, 2019). At close, the Nifty index was up 100.45 points, or 0.82 per cent.
3:30 PM
NEWS ALERT | Indian Hotels adds Fateh Prakash Palace in Udaipur to its collection: PTI
3:18 PM
MARKET ALERT | HDFC, Bajaj Finance, Bajaj Finserv from Nifty 50 stocks hit record highs
-- Nifty nears all-time high of 12,294 touched on December 20, 2019
3:08 PM
TVS Motor December total sales down 14.7% at 2.31 lakh units vs 2.71 lakh units (YoY)
2:59 PM
» More on 52 Week High
BSE500 stocks that hit 52-week high today
| COMPANY | PRICE(rs) | 52 WK HIGH | CHG(rs) | CHG(%) |
|---|---|---|---|---|
| AAVAS FINANCIERS | 1993.45 | 2007.90 | 31.15 | 1.59 |
| ADANI GAS | 181.75 | 185.60 | 4.80 | 2.71 |
| ADANI GREEN | 183.50 | 183.50 | 8.70 | 4.98 |
| ADITYA BIR. FAS. | 245.20 | 249.70 | 11.40 | 4.88 |
| AMBER ENTERP. | 1170.00 | 1177.80 | 18.95 | 1.65 |
2:45 PM
Global Markets Check
>> Asian shares kicked off 2020 on a strong note on Thursday, spurred by Chinese markets after Beijing eased monetary policy to support the slowing economy.
>> MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.43%, Hong Kong’s Hang Seng added 1.05%.
>> European equities were set to follow Asia higher in their first trading session of the new decade. Pan-region Euro Stoxx 50 futures rose 0.62% and FTSE futures were up 0.31%, though German DAX futures fell 0.18%.
(Via Reuters)
>> MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.43%, Hong Kong’s Hang Seng added 1.05%.
>> European equities were set to follow Asia higher in their first trading session of the new decade. Pan-region Euro Stoxx 50 futures rose 0.62% and FTSE futures were up 0.31%, though German DAX futures fell 0.18%.
(Via Reuters)
2:37 PM
MARKET ALERT | Eight stocks from BSE Smallcap index locked in 20% upper circuit
| COMPANY | LATEST | PREV CLOSE | GAIN(rs) | GAIN(%) | VOLUME |
|---|---|---|---|---|---|
| ZUARI GLOBAL | 58.50 | 48.75 | 9.75 | 20.00 | 14470 |
| SHARDA CROPCHEM | 280.95 | 234.15 | 46.80 | 19.99 | 10881 |
| SHEMAROO ENTERT. | 172.25 | 143.55 | 28.70 | 19.99 | 14389 |
| ACTION CONST.EQ. | 86.55 | 72.15 | 14.40 | 19.96 | 96424 |
| ZUARI AGRO CHEM. | 110.30 | 91.95 | 18.35 | 19.96 | 72457 |
| PRAKASH INDS. | 61.05 | 50.90 | 10.15 | 19.94 | 481390 |
| HIND.COPPER | 48.45 | 40.40 | 8.05 | 19.93 | 1721695 |
| SUZLON ENERGY | 2.29 | 1.91 | 0.38 | 19.90 | 6731779 |
2:32 PM
Apex Frozen, Avanti Feeds, Jet Airways gain over 100% from 52-week lows
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2:25 PM
Power Grid, NTPC rally post govt's infra push; will BHEL and NHPC follow?
Finance Minister Nirmala Sitharaman on Tuesday launched a National Infrastructure Pipeline (NIP), unveiling projects worth Rs 102 trillion, wherein a major chunk is being alloted to power, renewable energy, atomic energy and petroleum and natural gas sectors. Reacting to the announcement, power stocks jumped in Wednesday's trading session. READ MORE
2:12 PM
Bharat Bond ETF lists at Rs 1,000 on NSE
2:00 PM
Govt likely to miss disinvestment target, expects Rs 67,000-crore gap
The government may miss its disinvestment target of Rs 1.05 trillion for 2019-2020 by a wide margin, as its plans to sell Bharat Petroleum Corporation (BPCL), Container Corporation of India (Concorp) and Air India are unlikely to conclude by March-end. "Government has to respond to what the potential bidders ask for. So, sometimes they ask for time to examine the financial statements. Sometimes, they want to do a physical due diligence," said a ministry official who didn't want to be named. READ MORE
1:53 PM
NEWS ALERT | Longjian-KEC Int JV wins order for subway construction worth Rs 1,080 cr: Reuters
Topics : MARKET WRAP Markets
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First Published: Jan 02 2020 | 7:21 AM IST