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Demand is there. Infrastructure spends which have been put in place by governments can’t be turned on and off very quickly, says Jonathan Barratt.
This is how the 30-pack Sensex moved in today’s session. It touched a high of 48,486.24 and a low of 47,903.38 to finally settle at 48,437.78
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CLOSING BELL: Sensex takes winning run to 10th day, rises 261 pts; Nifty near 14,200; Axis Bank rallies 6%, HDFC 3%
- Financial stocks and TCS lead the market rally
- 17 of 30 Sensex stocks end the day in the green
- Index contributors: HDFC, Axis Bank, TCS, HDFC Bank, ICICI Bank
- Top Index gainers: Axis Bank (6.48%), HDFC (2.78%), IndusInd Bank (2.71%)
- Top Index losers: ONGC (1.86%), Bajaj Finance (1.56%), NTPC (1.26%)
- S&P BSE BANKEX biggest sectoral gainer, up 1.48%
- S&P BSE METAL biggest sectoral loser, down 1.36%
- Volume toppers: Axis Bank, Bajaj Finance, RIL, HDFC, TCS
Plutus Wealth & Associates purchase Nazara shares worth Rs 500 crore from WestBridge
WestBridge Ventures II Investment Holdings is a fund managed by WestBridge Capital, and the shares were acquired in a secondary transaction between the parties.
S&P BSE METAL down 1.5%. This is how the index stocks are faring
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Here are the top gainers and losers in the pharma space
Price as on 05 Jan, 2021 02:42 PM, Click on company names for their live prices.
Forex Center: This is how the major currencies are faring against each other
IT sector Q3 preview: Best Q3 in a decade, guidance upgrades & more
IT stocks, which had a solid 2020, saw some underperformance towards the later part of the year.
Here are the top gainers and losers in the real estate space
Price as on 05 Jan, 2021 02:12 PM, Click on company names for their live prices.
Why this New Year feels good on D-Street despite pricey valuations
We expect the valuations to sustain and believe that there is a good chance of index delivering low-teens returns in the New Year.
Here are the top laggards in the tourism and hospitality space
Price as on 05 Jan, 2021 01:54 PM, Click on company names for their live prices.
Dilip Buildcon incorporates SPV for road project worth Rs 882 cr
Dilip Buildcon on Tuesday said it has incorporated a special purpose vehicle (SPV) for road project worth Rs 882 crore in Gujarat. The project is for four laning of Dhrol-Bhadra Patiya section of NH-151A and Bhadra Patiya-Pipaliya Section of NH151A in Gujarat through public private partnership on design, build, operate and transfer (the DBOT annuity or hybrid annuity) basis.
UltraTech Cement raises Rs 1,000 cr via NCDs
UltraTech Cement on Tuesday said it has raised Rs 1,000 crore through allotment of non-convertible debentures (NCDs) on private placement basis. On December 26, the company said it is considering a proposal to raise funds by issuance of 10,000 rated, listed, non-convertible, redeemable, unsecured NCDs of Rs 10,00,000 each aggregating to Rs 1,000 crore on private placement basis on or after December 30, 2020.
MMTC signs MoU with Andhra Pradesh
MSTC Limited has signed a Memorandum of Understanding (MOU) with Department of Mines and Geology, Government of Andhra Pradesh for selection of agency to carry out sand operations in the state of Andhra Pradesh.
IndusInd Bank deposit grows 11% YoY in December quarter, loan growth flat
Price as on 05 Jan, 2021 11:11 AM, Click on company names for their live prices.
Frenzied buying by FIIs is supporting the market even at high levels of valuations. An unhealthy trend in recent days is the rally in low-grade stocks. Many new retail investors are recklessly buying these ‘cats & dogs’ without any consideration for fundamentals. This is a risky game fraught with the potential for huge losses. There is safety in quality large-caps in IT, pharma, private sector banking, consumer goods and select autos. Quality stocks will bounce back even if there is a sharp correction. But low-grade stocks will turn illiquid resulting in huge losses. Retail investors should exercise caution.
– V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
Salsar Techno Engineering subsidiary bags order worth Rs 252 crore
Price as on 05 Jan, 2021 10:34 AM, Click on company names for their live prices.
We are top heavy at this point in time. 14,150 is the current resistance level and if we can get past that 14,200-14,250 is a possibility. However, it is recommended that we maintain a cautious stance and trade with lighter quantities on the buy side with strict stops. The risk reward is currently skewed and we should wait for dips or corrections and then evaluate the markets. Accumulation of long positions should ideally happen on corrections.
– Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments
India Ratings upgrades Eveready Industries
India Ratings and Research has upgraded Eveready industries’ long term Credit Ratings to ‘IND BBB-’ from ‘IND BB+’, the company said in a regulatory filing.
HCL Technologies completes acquisition of Australian firm DWS
Price as on 05 Jan, 2021 09:42 AM, Click on company names for their live prices.
OPENING BELL: Sensex sheds 200 points, Nifty slips below 14,100; ONGC, ICICI Bank drop up to 2%
Pre-open session: Sensex declines 100 points, Nifty tests 14,100
SGX Nifty signals gap-down start
Nifty futures on the Singapore Exchange traded 107.50 points, or 0.76 per cent, lower at 14,069.50, in signs that Dalal Street was headed for a negative start on Tuesday.
Tech View: Nifty forms Hanging Man
Nifty50 on Monday extended the gains, but negated a higher low that it was making for eight sessions. The index formed a ‘Hanging Man’ candle on the daily chart, that usually suggests exhaustion of the ongoing momentum. Analysts said the price chart is looking extremely bullish and one should not expect weakness in Nifty50 unless it breaches the critical short-term support at 13,950 level on a closing basis.
Asian shares edge lower
Asian shares edged lower on Tuesday amid uncertainty about Senate runoffs in Georgia, which could have a big impact on incoming US President Joe Biden’s economic policies. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.12 per cent, pulling back from a record high hit in the previous session. Australian stocks fell 0.16 per cent. Japanese shares lost 0.47 per cent after a media report that the government will curb business hours in Tokyo and surrounding cities from Thursday.
US stocks settled lower
Stocks fell broadly on Wall Street Monday as the market kicked off the first day of trading in 2021 by pulling back from its recent record highs. On Monday, the S&P500 index fell 55.42 points, or 1.5 per cent, to 3,700.65. The Dow Jones Industrial Average gave up 382.59 points, or 1.3 per cent, to 30,223.89. The Nasdaq Composite index lost 189.84 points, or 1.5 per cent, to 12,698.45
Rupee rises 9 paise to 73.02 per US dollar
The rupee appreciated by 9 paise to close at a four-month high of 73.02 against the US dollar on Monday, supported by sustained foreign fund inflows and weakness of the American currency overseas. Traders said approval to two COVID-19 vaccines in the country also improved sentiment.
Sensex, Nifty on Monday
The 30-share BSE Sensex ended 307.82 points or 0.64 per cent higher at 48,176.80. It touched a record intra-day peak of 48,220.47. Similarly, the broader NSE Nifty jumped 114.40 points or 0.82 per cent to its fresh lifetime high of 14,132.90. It scaled an all-time high of 14,147.95 during the session.
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