- Unkindest cut since 2020: mid, small-cap cut-off drops to its lowest
- Small-cap indices witness sharp correction from the highs of October 2021
- US dollar weakens against euro, sterling in quiet trading session
- Sebi asks bourses, depositories to launch online complaint redressal system
- Global stocks rise in holiday mood on resilient oil; Nikkei up 0.84%
- IndiaMART InterMESH hits 52-week low; stock slips 43% in six months
- TVS Motor may soon cross Rs 1,000-mark; chart strongly in favour of bulls
- ITC hits highest level since May 2019; stock soars 10% in 6 days
- Fight for cabin crew, firm ATF prices to aggravate airlines' pain: Analysts
- Ahead of Q1 results: Sell-off in IT stocks not over yet; TCS can fall 14%
Sensex ends at fresh closing peak of 48,782, up 689 pts; Nifty at 14,347
Tata Consultancy Services (TCS) hit a record high of Rs 3,127.55 apiece in the intra-day trade and closed 3 per cent higher ahead of the announcement of Q3FY21 results
Topics
MARKET WRAP | Markets | Gross domestic product
SI Reporter |
Last Updated at January 8, 2021 16:18 IST
EVENT HIGHLIGHTS
Stock market updates: Earnings optimism and positive global cues fuelled a broad-based rally in the markets with benchmark indices settling over a per cent higher on Friday. IT stocks led from the front and contributed nearly half of Sensex's 600-point gains today. Reliance Industries, Maruti Suzuki, HDFC Bank, and L&T provided the remaining fillip to the BSE barometer.
Auto Refresh
The S&P BSE Sensex notched 689 points, or 1.43 per cent, to end at fresh closing peak of 48,782.5. The index hit a new lifetime high of 48,854.34 levels earlier in the day. The Sensex index gained 2 per cent during the week and clocked the longest stretch of weekly gains since 2009.
Maruti Suzuki jumped 6 per cent and remained the top Sensex gainer, followed by Tech Mahindra, up 5 per cent. The IT company today entered the elite Rs 1-trillion market capitalisation club, becoming the fifth IT firm to achieve the feat. At close, its m-cap was Rs 1.01 trillion.
Maruti Suzuki jumped 6 per cent and remained the top Sensex gainer, followed by Tech Mahindra, up 5 per cent. The IT company today entered the elite Rs 1-trillion market capitalisation club, becoming the fifth IT firm to achieve the feat. At close, its m-cap was Rs 1.01 trillion.
That apart, Tata Consultancy Services (TCS) hit a record high of Rs 3,127.55 apiece in the intra-day trade and closed 3 per cent higher ahead of the announcement of Q3FY21 results. The IT firm's revenue in constant currency (CC) terms is expected to rise in the range of 2.4-4 per cent on quarter-on-quarter (QoQ) basis while it may grow between 3-4.5 per cent in dollar revenue.
The broader Nifty50 too, ended at fresh closing peak of 14,347, closing 210 points or 1.48 per cent higher on the NSE. 41 of the 50 constituents ended the day in the green. The index touched lifetime high of 14,367 in noon deals today. For the week, the index was up 2.3 per cent.
In the mid-cap space, S&P BSE MidCap index, though underperformed the frontline index, settled 1 per cent higher at 19,138.7 level after hitting a record peak of 19,161 earlier in the day, and clocked a 5-per cent weekly gain. The S&P BSE SmallCap index, on the other hand, ended at 18,908.59 levels, up 0.72 per cent.
Global markets
European stocks rose on Friday, with Germany’s DAX hitting a record high on the back of better-than-expected economic data and encouraging earnings updates from chipmakers.
The pan-European STOXX 600 index rose 0.7% and was on track for a more than 3% weekly gain, with hopes of more US stimulus boosting economically sensitive sectors such as miners, oil & gas and banks. Germany’s DAX index jumped 0.8% after data showed both industrial output and exports rose more than expected in November.
In Asia, Japan's Nikkei added 2.36 per cent while South Korea's Kospi jumped 4 per cent.
In Asia, Japan's Nikkei added 2.36 per cent while South Korea's Kospi jumped 4 per cent.
(With inputs from Reuters)
CATCH ALL THE LIVE UPDATES

Load More