Sensex ends 92 pts higher, Nifty near 14,600; SAIL tanks 10%, HAL up 9%
Stock market LIVE updates: The Nifty sectoral indices were mixed, with gains in Nifty Pharma and Nifty FMCG indexes, up 0.8% and 0.7%, respectively being offset by losses in Nifty Metal, down 1%
 "MARKET LIVE: Sensex up 400 points from day's low; PSBs gain, metals slip")
Stock market updates: The Indian markets ended Thursday's volatile session with marginal gains amid weekly options expiry as Tata Consultancy Services (TCS) and Reliance Industries helped the benchmark indices erase early losses.
The S&P BSE Sensex closed at 49,584, up 92 points, or 0.19 per cent. The index hit an intra-day high and low of 49,664 and 49,182, respectively. The broader Nifty50 index, meanwhile, ended the session at 14,596, up 0.21 per cent. IndusInd Bank (up 3 per cent) and TCS (up 2.7 per cent) were the top Sensex gainers, while Reliance Industries also rose 1 per cent. On the other hand, HCL Tech (down 2 per cent) led the list of losers. Out of the 30 Sensex constituents, 16 ended the day in the green.
Among other individual stocks, Infosys plunged as much as 5 per cent while Wipro fell 6 per cent in the intra-day deals as investors booked profits in both the stocks after the companies posted better-than-expected numbers for the December quarter (Q3FY21). Both the stocks partially erased their losses and ended with marginal losses.
On the other hand, Hindustan Aeronautics ended the day 9.5 per cent higher after the government approved procurement of 83 indigenously-developed light combat aircraft 'Tejas' for the Indian Air Force at a cost of Rs 48,000 crore. READ MORE
The Nifty sectoral indices were mixed, with gains in Nifty Pharma and Nifty FMCG indexes, up 0.8 per cent and 0.7 per cent, respectively being offset by losses in Nifty Metal index, down 1 per cent.
In the broader markets, the S&P BSE MidCap and SmallCap indices ended 0.29 per cent and 0.17 per cent higher, respectively.
Global markets
US Treasuries slipped on Thursday on a report that President-elect Joe Biden will announce a stimulus package as big as $2 trillion, while Japanese stocks surged to a new three-decade peak as investors extended bets on a global growth rebound.
Japan's Nikkei closed up 0.9 per cent at its highest level since August 1990. It has gained 25 per cent since the end of October.
MSCI's index of Asia shares outside Japan was steady a whisker short of Monday's all-time high. S&P 500 futures, FTSE futures and EuroSTOXX 50 futures all rose about 0.2 per cent.
(With inputs from Reuters)
3:59 PM
TECH VIEW :: Ashis Biswas, Head of Technical Research, CapitalVia Global Research
The market witnessed some swift recovery after the initial fall at the start. Market continues to show resilience to stay above 14600. A significant breakout above the levels of 14680 could result in improvement of market breadth and the market can rally till the levels of 14870. We retain our cautious stance and advise the traders to refrain from building a fresh buying position, until we see further improvement and breakout above 14680.
3:58 PM
MARKET CLOSING COMMENT :: Vinod Nair, Head of Research at Geojit Financial Services
Despite better than expected results of Infosys and Wipro, IT sector witnessed selling in its opening trade. However, the sector bounced back soon which led to a recovery in the market post it's weak opening. The positive opening seen in European markets also helped in raising market optimism. The wholesale price inflation for the month of December declined to 1.22% due to a decrease in WPI food index from 4.27% in November to 0.92%. Positive economic data along with improving quarterly outlook is helping the Indian market to attract more foreign funds which will keep the market liquidity high even in these high valuations
3:53 PM
SECTOR OF THE DAY :: Nifty Pharma index ends as top gainer on NSE
3:51 PM
Market stats :: Market breadth remains around 1:1
3:50 PM
STOCK OF THE DAY :: SAIL sinks over 10% as govt offloads stake via OFS
3:49 PM
STOCK OF THE DAY :: HAL ends 9.5% higher
3:48 PM
Sensex contributors :: ITC, RIL, L&T help erase lossees
3:47 PM
S&P BSE MidCap index ends flat; HAL, Indian Bank, MRF settle as top gainers
3:45 PM
Sectoral trends on NSE at Close
3:44 PM
Sensex Heatmap :: 16 out of the 30 index constituents end the day in the green
3:34 PM
CLOSING BELL
The S&P BSE Sensex closed at 49,584, up 92 points, or 0.19 per cent. The index hit an intra-day high and low of 49,664 and 49,182, respectively.
The broader Nifty50 index, meanwhile, ended the session at 14,596, up 0.21 per cent.
The broader Nifty50 index, meanwhile, ended the session at 14,596, up 0.21 per cent.
3:28 PM
Dixon Technologies rebounds 8% from day's low on stock split plan
Dixon Technologies on Thursday said its board is scheduled to meet on February 2, to consider sub-division of equity shares of the company from Rs 10 paid-up to in such manner as may be determined by the board of directors. The board will also to consider and approve unaudited financial results of the Company for the quarter ended December 31, 2020, it said. READ MORE
3:18 PM
ALERT :: India VIX down 1%
Alert: India VIX is the volatility gauge of the markets
3:09 PM
BUZZING :: Dixon Tech up 4%
3:01 PM
Heatmap: S&P BSE Sensex gainers and losers
Topics : MARKET WRAP Markets Infosys Wipro Q3 results SAIL OFS norms BSE Sensex Markets Sensex Nifty NSE Nifty 50 SGX Nifty MCX
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First Published: Jan 14 2021 | 7:58 AM IST
