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Early Q3 nos lift mkts; Sensex ends 487 pts up at 49,269, Nifty at 14,485

Volatility index, India VIX, surged 8.5 per cent to 22.4 levels

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SI Reporter  | New Delhi 

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EVENT HIGHLIGHTS

Broker, BSE bull
Stock market updates: Indian equities stayed firm at record high levels during Monday's trading session a as strong kick-start to Q3 earnings, decision to roll out Covid-19 vaccine in the country as early as January 16, and hopes of a greater stimulus package in the US pushed the benchmark S&P BSE Sensex above the 49,000-mark for the first time. The Nifty50, too, inched closer to 14,500 in the intra-day session.

Frontline Sensex hit a record peak of 49,304 in the intra-day deals today before settling 486.8 points, or 1 per cent, higher at 49,269.32 levels. On the NSE, the Nifty50 ended at record closing peak of 14,484.75 levels, adding 137.5 points or 0.96 per cent today. Earlier today, the index touched lifetime high of 14,498. 

IT stocks led from the front and remained top gainers on the indices today. HCL Technologies, Infosys, TCS, and Tech Mahindra surged between 2 per cent and 6 per cent on the BSE today, contributing the most towards Sensex's gains. On the sectoral front, Nifty IT index hit fresh record high of 27,096, ending 3.3 per cent higher at 27,027.7 levels today.

Auto sector, too, buzzed at the bourses today. The Nifty Auto index advanced 3 per cent on the NSE to hit an intra-day high of 10,028.75, its highest level since September 27, 2018. Among individual stocks, Tata Motors rallied 13 per cent to Rs 211 on the NSE. Ashok Leyland, TVS Motor Company, Mahindra & Mahindra, Bharat Forge, MRF and Bajaj Auto from the auto index were up 2 per cent to 4 per cent. The index settled 2.6 per cent higher.

Other individual gainers included HDFC, Maruti, M&M, and ONGC, up in the range of 2 per cent to 3 per cent on the Sensex, while losses in L&T, Bajaj Finance, Reliance Industries, and Bajaj Finserv capped gains. 

Further, profit-booking was seen in the broader markets after the previous week's outperformance. The S&P BSE MidCap index closed 0.08 per cent lower at 19,124.3 levels, while the S&P BSE SmallCap index ended at 18,876 levels, down 0.17 per cent.

Global markets

European stocks slipped from over 10-month highs on Monday as investors booked profits after a strong week, while surging coronavirus cases across the continent and mainland China dragged down energy and mining stocks.

The pan-European STOXX 600 index fell 0.1 per cent, with Germany's DAX index shedding 0.4 per cent and France's CAC 40 down 0.2 per cent.

(With inputs from Reuters)




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