Indices snap 2-day losing run, Sensex ends 359 pts up; Bajaj twins lead
All that happened in the markets today
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Stock market updates: After two straight days of decline, the Bulls made a comeback on the D-Street, on Thursday, led by broad-based buying, amid weekly options expiry. Among benchmarks, the S&P BSE Sensex ended at 52,300, up 359 points, or 0.69 per cent, while the Nifty50 closed the session at 15,738-mark, up 102 points, or 0.65 per cent.
Bajaj Finance, Bajaj Finserv, State Bank of India, IndusInd Bank, and ITC were the top Sensex gainers. On the other hand, Bajaj Auto, Maruti Suzuki, and PowerGrid were the top laggards.
Meanwhile, the broader market's extended their outperformance, and the S&P BSE MidCap and SmallCap indices ended the session 1.26 per cent and 1.73 per cent higher, respectively.
Among other individual stocks, shares of Bata India surged 6 per cent to Rs 1,657.50 on the BSE in intra-day trade on Thursday and almost hit the 52-week high of Rs 1,705. The stock ended the session marginally lower at Rs 1,635, up 5 per cent on the day.
Besides, shares of the recently listed Easy Trip Planners hit a new high of Rs 430.35 after surging 10 per cent today. The stock ended the session at the day's high.
Besides, shares of the recently listed Easy Trip Planners hit a new high of Rs 430.35 after surging 10 per cent today. The stock ended the session at the day's high.
All the Nifty sectoral indices, except Nifty Auto index, closed in the green, with Nifty Realty index and Nifty PSU Bank index ending 3 per cent and 2 per cent higher, respectively.
Global markets
Global shares hovered near a record high and the dollar also held steady on Thursday, eyeing US inflation data for any sign the Federal Reserve could start tapering its massive stimulus.
In early European trades, the pan-regional STOXX Europe 600 index rose 0.1 per cent following gains overnight in Asia, where MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.5 per cent. Tokyo's Nikkei rose 0.3 per cent, and the Kospi in South Korea picked up 0.3 per cent as well. In Hong Kong, the Hang Seng added 0.2 per cent.
US stock futures pointed to a flat open on Wall Street.
Elsewhere, oil prices fell as inventory data in the United States, the world’s top oil consumer, showed a surge in gasoline stocks that indicates weaker-than-expected fuel demand at the start of summer, the country’s peak season for motoring. Brent crude futures were last down 37 cents at $71.85 a barrel.
(with inputs from Reuters)
(with inputs from Reuters)
4:29 PM
Market Analysis | Ajit Mishra, VP - Research, Religare Broking
Markets made a smart comeback after yesterday's slide and gained over half a percent. After the initial uptick, the benchmark gradually inched higher as the day progressed and settled around the day’s high. Among the benchmark indices, Nifty ended at 15,738 levels, up by 0.7%. On the sector front, all the other indices, barring auto, ended in positive wherein healthcare, metals and realty were among the top gainers. The broader indices also witnessed sharp recovery and edged higher in the range of 1.3-1.7%.
Markets are keenly eyeing the domestic developments viz. unlocking by states and progress of vaccination programs for cues. Going ahead, we feel the update on the monsoon will also be closely watched by the participants. Major global indices are currently seeing consolidation which may continue to trigger volatility in our markets too. Amid all this, we reiterate our bullish view and suggest using dips or further consolidation to accumulate quality stocks.
4:05 PM
TECH VIEW | Ashis Biswas, Head of Technical Research at CapitalVia Global Research
The market witnessed some lackluster movement in the market and an attempt to hold the support level around the Nifty 50 index level of 15650. Trading above 15650 is positive from a short-term perspective. Sustaining above 15650 levels, we expect the market to gain momentum, leading to an upside projection of 15900 levels. The momentum indicators like RSI, MACD start showing signs of recovery after the sharp fall the Nifty 50 Index had witnessed yesterday. There is no divergence signal, alerting any potential deep correction.
4:03 PM
MARKET QUOTE :: S Ranganathan, Head of Research at LKP Securities
Bulls looked charged up today on weekly expiry and it was indeed heartening to see confidence personified as the broader markets saw selective buying across sectors in stocks which looked optically reasonable compared to its expensive larger peers. While the Bajaj Twins provided the fire power to the Index, the Small & Midcaps put up a stellar show yet again despite apprehensions on higher valuations in select segments.
4:02 PM
MARKET VIEW | Vinod Nair, head of Research at Geojit Financial Services
Ahead of US inflation data and European Central Bank policy meeting outcome, Indian equities reflected its Asian counterparts to trade on a positive note. With faster vaccine coverage and off-loading of fiscal measures, the economic impact of covid second wave will most likely be restricted to Q1FY22, as per the monthly report of the Department of Economic Affairs. Gains in the market were broad-based with all major sectors except auto.
3:58 PM
Nifty Media index climbs 5%, all constituents end in the green
3:55 PM
Easy Trip planners soars 10%, hits new high
3:54 PM
BSE Smallcap index jumps 1.73%
>> Here are the top gainers & losers from the BSE Smallcap pack
3:53 PM
BSE Midcap index adds 1.26%, ends near record high
3:48 PM
Sector Roundup :: Barring Auto, all indices on NSE end in the green
3:47 PM
TCS AGM :: N CHANDRASEKARAN SAYS
> Co has navigated pandemic successfully, earned tremendous goodwill of customers
> Co well positioned to benefit from multi-year tech cycle
> TCS continuously reinvented in new services & offerings required for future
3:42 PM
Top gainers & losers in the Nifty50 pack
3:41 PM
Bajaj Finance, SBI, Infosys lead Sensex contributors
3:35 PM
Sensex heatmap at close
>> Bajaj twins top gainers
>> Bajaj Auto, Maruti end in the red
>> Bajaj Auto, Maruti end in the red
3:34 PM
CLOSING BELL | Sensex snaps 2-day losing run, adds 359 points; Nifty tops 15,700
The domestic benchmark indices snapped their two-session losing run to end nearly 1 per cent higher on Thursday, led by gains in financials, Infosys and index heavyweight RIL. The BSE Sensex settled 359 points up at 52,300 while the NSE Nifty shut shop at 15,738, up 102 points.
3:23 PM
Crypto outlook: JPMorgan sees signal of coming bear market in Bitcoin
Bitcoin’s recent bounce has yet to dispel doubts about its vulnerability. The cryptocurrency has jumped 10% over two days and was trading at $36,993 as of 9 a.m. in London on Thursday. While the momentum may cheer bulls, a JPMorgan Chase & Co. team said backwardation in the futures market -- where the spot price is above futures prices -- is a reason for caution. READ MORE
Topics : MARKET LIVE Markets Sensex Nifty50 MARKET WRAP
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First Published: Jun 10 2021 | 8:03 AM IST
