 "Nifty, market, sensex, stocks, investors, growth")
Closing Bell
The key benchmark indices recouped losses and finished with a steady gained led by fresh buying in select pharma and private banking shares. IT stocks also logged notable gains.
The BSE benchmark index, the Sensex, had dropped to a low of 56,543 in early deals. The BSE index, thereafter, recouped losses and rallied to a high of 57,512 - up 969 points from the day's low. The Sensex finally ended 296 points higher at 57,420.
The NSE Nifty rallied 279 points from the day's low of 16,833, to a high of 17,112. The Nifty 50 index eventually settled with a gain of 82 points at 17,086.
"The Nifty has formed a bullish candle on daily chart. On an immediate basis, the index has formed a support zone near 17,000-16,900 levels. If it manages to sustain above these levels, one can then expect a swift pullback towards immediate hurdle of 17,150-17,220 zone. Fresh breakouts will be only above 17,300 levels. Till then, can expect a sideways move," said Rohit Singre, senior technical analyst at LKP Securities.
Buzzing stocks of the day
Debutant, adhesives and sealants company HP Adhesives listed at a 16 per cent premium at Rs 319, and thereafter was locked at the 5 per cent upper circuit at Rs 335. The stock will be trading in the trade-2-trade segment for the first 10 trading sessions. READ MORE
Meanwhile, few the recent debutants like Metro Brands, Medplus Health and Data Patterns were down 4.2 per cent, 4.1 per cent and 6.5 per cent, respectively.
Market Dashboard: Snapshot of key movers and shakers in trade today
Tech Mahindra was the top gainer among the Sensex 30 stocks. It hit a fresh life-time high and was up 3.4 per cent. The stock so far this year has gained more than 84 per cent. READ MORE
Dr.Reddy's moved 2 per cent higher. PowerGrid Corporation, Kotak Bank, ICICI Bank, Sun Pharma, Mahindra & Mahindra, HDFC and HDFC Bank were the other major gainers. On the other hand, Asian Paints and IndusInd Bank ended marginally in red.
Shares of RBL Bank hit a 52-week low at Rs 138, slipping as much as 20 per cent in Monday’s intra-day trade, after the bank said over the weekend that Vishwavir Ahuja, its managing director and chief executive officer, had gone on leave and the Reserve Bank of India (RBI) had appointed Yogesh K Dayal as an additional director of the bank. READ ABOUT IT HERE
Click here for more market news
The broader markets also finished with notable gains. The BSE Midcap and Smallcap were up 0.3 per cent and 0.5 per cent, respectively. The overall breadth too was positive - out of 3,620 stocks traded today on the BSE, 2,125 ended higher, while 1,349 declined.
In the broader markets, GMR Infrastructure surged 12 per cent to Rs 47.95 after the GMR Group signed shareholders agreement with Indonesia's Angkasa Pura II for the development of Medan Airport on December 23. READ MORE
Among sectors, the BSE Healthcare index surged 1.3 per cent. The Bankex was the other notable gainer. Most sectoral indices ended with gains in the range of 0.3-0.5 per cent each.
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Markets in late noon deals (02:50 PM update)
LIVE market updates: The key benchmark indices continue to hover near the high's of the day, having rallied around 900 points from the day's low.
The BSE Sensex was up 293 points at 57,419, after the index had recovered from an early morning low of 56,543. The NSE Nifty 50 index had gained 79 points at 17,083.
Tech Mahindra was the top Sensex 30 gainer, up 2.5 per cent. Dr.Reddy's, PowerGrid Corporation, Sun Pharma, Kotak Bank and ICICI Bank were the other prominent gainers.
On the flip side, IndusInd Bank and Asian Paints had slipped a per cent each. Bajaj Finance, Titan and Wipro were the other notable losers.
The broader indices were also seen holding marginal gains. The BSE Midcap and Smallcap indices were up 0.1 per cent and 0.3 per cent, respectively. The overall breadth was positive, with nearly 2,100 advancing shares versus 1,300 declining stocks on the BSE.
In the broader market, shares of KP Energy (KEPL) hit a new high of Rs 241.05, after rallying 10 per cent on the BSE in Monday’s intra-day trade on the back of heavy volumes. The stock of the electric utilities company was trading higher for the fifth straight day, surging 41 per cent during the same period. READ MORE
Elsewhere in Asia, the markets ended on a tepid note. Taiwan Weighted was up 0.5 per cent, while Kospi and Nikkei were down 0.4 per cent each. Shanghai Composite and Straits Times ended almost unchanged.
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Markets in noon deals
The key benchmark indices recouped losses and finished with a steady gained led by fresh buying in select pharma and private banking shares. IT stocks also logged notable gains.
The BSE benchmark index, the Sensex, had dropped to a low of 56,543 in early deals. The BSE index, thereafter, recouped losses and rallied to a high of 57,512 - up 969 points from the day's low. The Sensex finally ended 296 points higher at 57,420.
The NSE Nifty rallied 279 points from the day's low of 16,833, to a high of 17,112. The Nifty 50 index eventually settled with a gain of 82 points at 17,086.
"The Nifty has formed a bullish candle on daily chart. On an immediate basis, the index has formed a support zone near 17,000-16,900 levels. If it manages to sustain above these levels, one can then expect a swift pullback towards immediate hurdle of 17,150-17,220 zone. Fresh breakouts will be only above 17,300 levels. Till then, can expect a sideways move," said Rohit Singre, senior technical analyst at LKP Securities.
Buzzing stocks of the day
Debutant, adhesives and sealants company HP Adhesives listed at a 16 per cent premium at Rs 319, and thereafter was locked at the 5 per cent upper circuit at Rs 335. The stock will be trading in the trade-2-trade segment for the first 10 trading sessions. READ MORE
Meanwhile, few the recent debutants like Metro Brands, Medplus Health and Data Patterns were down 4.2 per cent, 4.1 per cent and 6.5 per cent, respectively.
Market Dashboard: Snapshot of key movers and shakers in trade today
Tech Mahindra was the top gainer among the Sensex 30 stocks. It hit a fresh life-time high and was up 3.4 per cent. The stock so far this year has gained more than 84 per cent. READ MORE
Dr.Reddy's moved 2 per cent higher. PowerGrid Corporation, Kotak Bank, ICICI Bank, Sun Pharma, Mahindra & Mahindra, HDFC and HDFC Bank were the other major gainers. On the other hand, Asian Paints and IndusInd Bank ended marginally in red.
Shares of RBL Bank hit a 52-week low at Rs 138, slipping as much as 20 per cent in Monday’s intra-day trade, after the bank said over the weekend that Vishwavir Ahuja, its managing director and chief executive officer, had gone on leave and the Reserve Bank of India (RBI) had appointed Yogesh K Dayal as an additional director of the bank. READ ABOUT IT HERE
Click here for more market news
The broader markets also finished with notable gains. The BSE Midcap and Smallcap were up 0.3 per cent and 0.5 per cent, respectively. The overall breadth too was positive - out of 3,620 stocks traded today on the BSE, 2,125 ended higher, while 1,349 declined.
In the broader markets, GMR Infrastructure surged 12 per cent to Rs 47.95 after the GMR Group signed shareholders agreement with Indonesia's Angkasa Pura II for the development of Medan Airport on December 23. READ MORE
Among sectors, the BSE Healthcare index surged 1.3 per cent. The Bankex was the other notable gainer. Most sectoral indices ended with gains in the range of 0.3-0.5 per cent each.
___________________________________________________________________________________________
Markets in late noon deals (02:50 PM update)
LIVE market updates: The key benchmark indices continue to hover near the high's of the day, having rallied around 900 points from the day's low.
The BSE Sensex was up 293 points at 57,419, after the index had recovered from an early morning low of 56,543. The NSE Nifty 50 index had gained 79 points at 17,083.
Tech Mahindra was the top Sensex 30 gainer, up 2.5 per cent. Dr.Reddy's, PowerGrid Corporation, Sun Pharma, Kotak Bank and ICICI Bank were the other prominent gainers.
On the flip side, IndusInd Bank and Asian Paints had slipped a per cent each. Bajaj Finance, Titan and Wipro were the other notable losers.
The broader indices were also seen holding marginal gains. The BSE Midcap and Smallcap indices were up 0.1 per cent and 0.3 per cent, respectively. The overall breadth was positive, with nearly 2,100 advancing shares versus 1,300 declining stocks on the BSE.
In the broader market, shares of KP Energy (KEPL) hit a new high of Rs 241.05, after rallying 10 per cent on the BSE in Monday’s intra-day trade on the back of heavy volumes. The stock of the electric utilities company was trading higher for the fifth straight day, surging 41 per cent during the same period. READ MORE
Elsewhere in Asia, the markets ended on a tepid note. Taiwan Weighted was up 0.5 per cent, while Kospi and Nikkei were down 0.4 per cent each. Shanghai Composite and Straits Times ended almost unchanged.
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Markets in noon deals
The benchmark indices continue to be listless in noon deals on Monday with the S&P BSE Sensex trading nearly 100 points higher at around 57,200 levels. The Nifty50 index, on the other hand, tested the 17,000 mark. Both the frontline indices, however, recovered sharply from their morning losses.
The Nifty Private Bank index was the biggest loser, down 1.1 per cent. Bandhan Bank, IndusInd, IDFC First, RBL Bank led the losses.
"We feel major hurdles for the Bank Nifty are at 36,000 levels. Any meaningful recovery is expected only above 36,000. There would be stock-specific activity in the expiry week due to pick-up in rollover activity," said Nandish Patel of ICICI Securities in a late morning note.
Adding: "Major support for the index is at 34,000 levels, below which a fresh round of selling is expected. Looking at the overall data points, we feel the Bank Nifty will trade in a broader range of 2,000 points with 34,000 levels being very crucial on downside."
Shares of RBL Bank hit a 52-week low at Rs 138, slipping as much as 20 per cent in Monday’s intra-day trade, after the bank said over the weekend that Vishwavir Ahuja, its managing director and chief executive officer, had gone on leave and the Reserve Bank of India (RBI) had appointed Yogesh K Dayal as an additional director of the bank. READ MORE HERE
The Nifty Private Bank index was the biggest loser, down 1.1 per cent. Bandhan Bank, IndusInd, IDFC First, RBL Bank led the losses.
"We feel major hurdles for the Bank Nifty are at 36,000 levels. Any meaningful recovery is expected only above 36,000. There would be stock-specific activity in the expiry week due to pick-up in rollover activity," said Nandish Patel of ICICI Securities in a late morning note.
Adding: "Major support for the index is at 34,000 levels, below which a fresh round of selling is expected. Looking at the overall data points, we feel the Bank Nifty will trade in a broader range of 2,000 points with 34,000 levels being very crucial on downside."
Shares of RBL Bank hit a 52-week low at Rs 138, slipping as much as 20 per cent in Monday’s intra-day trade, after the bank said over the weekend that Vishwavir Ahuja, its managing director and chief executive officer, had gone on leave and the Reserve Bank of India (RBI) had appointed Yogesh K Dayal as an additional director of the bank. READ MORE HERE
