MARKET WRAP: Indices off record highs, Nifty above 12,350; small-caps rally
All that happened in the markets today
 "markets, share market")
Thursday's volatile trading session ended with decent gains at the bourses today as investors looked to adjust their positions on the day of weekly expiry. The benchmark indices scaled fresh life-time highs today supported by gains in heavyweights such as Reliance Industries, HDFC Bank, Hindustan Unilever, and Bharti Airtel. Ending over a year-long trade war, the signing of the US-China trade deal, too, fueled investment appetite.
The S&P BSE Sensex mounted the crucial 42,000-mark in the intra-day trade today, and continued its run to hit a high of 42,059.45. The index, however, closed at 41,932.56 level, up 59.83 points or 0.14 per cent. At close, Nestle (up 3.36 per cent), Bharti Airtel (1.5 per cent), and HUL (1.5 per cent) were the top gainers at the 30-share index, while NTPC (down nearly 2 per cent), Tech M (1.6 per cent), and Tata Steel (1.5 per cent) were the top laggards.
On the NSE, the broader Nifty50 index hit a fresh high of 12,389.05-mark. The index, eventually, settled at 12,355.50-mark, up 12.20 points or 0.099 per cent. All the key sectoral indices closed the day with gains, except Nifty Metal index (down 1.32 per cent) that slipped on profit booking. Nifty Media index was the top gainer, up 1.42 per cent, on the NSE, followed by Nifty Realty index (up 0.67 per cent).
For the broader markets, Thursday turned out to be another day for outperformance. The S&P BSE small-cap index surged nearly 1 per cent in the intra-day trade today before settling 0.78 per cent higher at 14,647.54. The S&P BSE mid-cap index, on the other hand, ended at 15,625.23 level, up 0.77 per cent. It had gained 0.9 per cent in the intra-day trade.
GLOBAL MARKETS
World stocks inched ahead to a record high on Thursday after the United States and China signed an initial deal to defuse their 18-month trade war.
MSCI’s broadest index of world stocks firmed 0.03 per cent in Asia, while its index of Asia-Pacific shares outside Japan rose 0.13 per cent.
Japan’s Nikkei rose 0.14 per cent while mainland China’s Shanghai composite index was almost flat. The pan-European STOXX 600 index was up 0.1 per cent and German DAX futures ticked up 0.1 per cent in early trade.
(With inputs from Reuters)
3:43 PM
Sectoral trends at NSE at close
3:42 PM
Sensex heatmap at close
3:41 PM
Closing Bell
>> The S&P BSE Sensex mounted the crucial 42,000-mark in the intra-day trade today, and continued its run to hit a high of 42,059.45. The index, however, closed at 41,932.56 level, up 59.83 points or 0.14 per cent.
>> On the NSE, the broader Nifty50 index hit a fresh high of 12,389.05-mark. The index, eventually, settled at 12,355.50-mark, up 12.20 points or 0.099 per cent.
>> On the NSE, the broader Nifty50 index hit a fresh high of 12,389.05-mark. The index, eventually, settled at 12,355.50-mark, up 12.20 points or 0.099 per cent.
3:21 PM
STOCK ALERT :: 0.36% equity of BEML
3:19 PM
Wockhardt becomes first Indian company to get nod for novel antibiotics
Wockhardt now plans to take this new drug to emerging markets and is eyeing the Chinese market too through partnerships. China is the largest market for antibiotics globally in terms of volumes.
The firm has a pipeline of three more antibiotic candidates for which, it is planning to start clinical trials soon. It said the new drugs were a result of 20 years of research. READ MORE
3:10 PM
Index Contributors at this hour
2:57 PM
Small, midcaps see best start in 3 yrs; will 2020 see meaningful recovery?
So far in January, the S&P BSE SmallCap index has climbed over 6 per cent thus outperforming the benchmark S&P BSE Sensex, which has gained 1.5 per cent. The S&P BSE MidCap index has added 3.6 per cent during the period. In fact, this is their best start to a new year in the past three calendar years. Earlier, in 2017, small-cap (up 5.34 per cent) and midcap indices (up 5.05 per cent) had rallied more than 5 per cent during the same period. In the past two calendar years; however, they posted negative returns. READ MORE
2:45 PM
Why BNP Paribas expects markets to soar despite poor economic indicators
Brokerage firm BNP Paribas believes that Indian stock market indices are likely to head higher despite recent new highs, coming on the back of lower growth and other poor economic indicators. It believes that the source of a resilient market may lie in factors outside the domestic issues that may be dominating the headlines. READ MORE
2:28 PM
Global Markets check
World stocks inched ahead to a record high on Thursday after the United States and China signed an initial deal to defuse their 18-month trade war.
MSCI’s broadest index of world stocks firmed 0.03 per cent in Asia after closing at record level on Wednesday while its index on Asia-Pacific shares outside Japan rose 0.13 per cent, with India and Australia hitting record highs.
Japan’s Nikkei rose 0.14 per cent while mainland China’s Shanghai composite index was almost flat. The pan-European STOXX 600 index was up 0.1 per cent and German DAX futures ticked up 0.1 per cent in early trade.
2:22 PM
» More
Telecom stocks trade higher ahead of AGR judgement
| COMPANY | LATEST(rs) | CHG(rs) | CHG(%) | VOLUME |
|---|---|---|---|---|
| VODAFONE IDEA | 6.02 | 0.02 | 0.33 | 22537828 |
| BHARTI AIRTEL | 473.65 | 5.90 | 1.26 | 315392 |
| TEJAS NETWORKS | 93.95 | 1.35 | 1.46 | 4271 |
2:21 PM
BUZZING STOCK:: PNB Housing surges 6%
2:08 PM
Bharti Airtel up 2%, nears 52-week high on successful QIP offering
Shares of Bharti Airtel gained 2 per cent to Rs 477 on the BSE on Thursday after a successful fund raising exercise through completion of qualified institutional placement (QIP) and pricing of foreign currency convertible bonds (FCCBs). The stock of the country’s largest integrated telecommunications company was trading close to its 52-week high of Rs 486, touched on December 2, 2019. READ MORE
2:01 PM
MARKET UPDATE:: Sensex inches higher
1:46 PM
Rupee check
1:42 PM
» More on 52 Week High
BSE500 stocks that hit 52-week high today
| COMPANY | PRICE(rs) | 52 WK HIGH | CHG(rs) | CHG(%) |
|---|---|---|---|---|
| ADANI ENTERP. | 221.30 | 222.50 | 4.75 | 2.19 |
| APL APOLLO | 1941.00 | 1968.95 | 5.95 | 0.31 |
| APOLLO HOSPITALS | 1582.00 | 1606.00 | 69.30 | 4.58 |
| AU SMALL FINANCE | 874.95 | 885.00 | 16.45 | 1.92 |
| AVANTI FEEDS | 744.75 | 747.50 | 47.50 | 6.81 |
Topics : MARKET WRAP
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Jan 16 2020 | 7:30 AM IST