Sensex gains for 5th day in a row, settles at 46,104; Nifty tops 13,500

All that happened in the markets today

4:14 PM

MARKET COMMENT | Ajit Mishra, VP - Research, Religare Broking

Markets traded upbeat for yet another session and gained over a per cent, driven by positive global cues and more announcements on the stimulus package. The bulls were in control from the beginning and mostly sectoral indices participated in the move.  As a result, Nifty comfortably settled above 13,500 levels. The broader indices, too, showed decent traction and gained in the range of 0.4-0.5 per cent. Among the sectoral indices, banking and energy were among the top contributors.

 

Markets are largely mirroring global cues but the benchmark looks slightly overbought so the possibility of consolidation in the near term cannot be ruled out and it would be healthy for markets. We thus recommend booking partial profit in the existing trades and keep trailing stop losses on every rise. For fresh buying, investors should maintain extra caution on the selection of stocks and maintain a “buy on dips” approach. 

3:43 PM

Nifty Private Bank index surges 1.66%

3:42 PM

MARKET AT CLOSE | Gainers and losers on the S&P BSE Sensex

3:36 PM

CLOSING BELL

The S&P BSE Sensex gained 495 points, or 1.09 per cent to settle at 46,103.50 levels while NSE's Nifty ended at 13,529, up 136 points, or 1.02 per cent. 

3:27 PM

MARKET CHECK

3:22 PM

Asian Paints up 3.5%

3:12 PM

Wockhardt gains nearly 3%

3:03 PM

COMMENT | Naveen Kulkarni, CIO, Axis Securities on market scaling record high

"The market has touched an all-time high. Multiple factors are playing a part. Vaccination news, decreasing cases in India and continuous liquidity have been the key factors. Economic revival has also been strong and this will continue to aid the markets. Important factors from here will be the revival of growth in the BFSI sector and traction in discretionary consumption. Real estate seems to be reviving and that will key to sustainability."

2:59 PM

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

2:48 PM

Nifty IT index hits record high; Infosys, HCL Tech, Coforge gain 2%

Shares of information technology (IT) companies were back in action at the bourses on Wednesday, with the Nifty IT index hitting a record high of 22,896, up 1 per cent on the National Stock Exchange (NSE). The index surpassed its previous high of 22,619, touched on October 13, 2020. Infosys, HCL Technologies and Coforge were up 2 per cent, while Tata Consultancy Services (TCS), Mindtree and Larsen & Toubro Infotech were up 1 per cent on the NSE. READ MORE

2:44 PM

NEWS ALERT :: Mukand sells leasehold land in Thane, Maharashtra for a lumpsum consideration of Rs 679 cr

2:39 PM

2021 could be the year of mid-and small-caps, say analysts

Calendar year 2021 (CY21) would well turn out to be the year of mid-and small-caps, say, analysts, who expect these two indices on the BSE to hit a fresh high after a gap of nearly two years. Though they caution against the intermittent market correction, the broad trend, they believe, remains up. READ MORE 

2:36 PM

Warning signs :: Rally going too far, warns Shyam Sekhar

2:30 PM

Aviation stocks, barring Jet Airways, trade in the red in a record-high market

2:25 PM

Centre considers easing RBI's inflation target to help growth: Report

India’s government is considering recommending a looser inflation target for the central bank, allowing it to focus more on economic growth despite price pressures, according to people familiar with the matter. A consumer-price inflation band tracked by the Reserve Bank of India may be relaxed further from the current 2%-6% range, said the people, who asked not to be identified citing rules. The government still needs to hold consultations with the central bank before finalizing a new framework sometime next year. READ MORE