Markets at 12pm

LIVE market updates: Frontline indices were firm in noon deals amid strong market sentiments. Continued buying support was present across IT, Auto, Realty, Financial stocks. The BSE Sensex was up 584 points at 58,838, while the NSE Nifty was at 17,519, higher by 165 points.

Nifty Pharma and healthcare indices, down 0.2 per cent each were the only underperformers. Alll the other indices were trading in the green zone.

Shares of textile companies continued their northward movement on improved outlook. Vardhman Textiles and Sangam India hit their respective record highs, while Cantabil Retail touched a 52-week high on the BSE. READ MORE.

Among stocks, the shares of Greaves Cotton were up over 11 per cent on BSE after the company’s e-mobility arm Greaves Electric Mobility said it has sold over 10,000 units in December 2021 clocking a 101 per cent growth in sales from a year ago, reports said.

That apart, shares of Future Retail were down 0.8 per cent. As per a report, the company has asked a Delhi court to declare ongoing arbitration proceedings with illegal, saying the antitrust agency had suspended a 2019 deal which Amazon used to assert its rights over Future. READ MORE.


Markets at 11am

LIVE market updates: The benchmark indices steadily held onto morning gains, supported by buying in financials and IT stocks. The BSE Sensex was up 549 points at 58,803 while the NSE Nifty had topped the 17,500-mark and was 161 points higher at 17,515.

On the Sensex, heavyweights Reliance Ind, HDFC Bank, Infosys, TCS were trading 0.8 per cent, 0.9 per cent, 1 per cent and 2 per cent higher, respectively. On the Nifty, Eicher Motors, Coal India and Tata Motors were the additonal gainers.

Apart from IT, Auto and Bank indices, Realty index too was trading over 1 per cent higher on the NSE. Oberoi Realty, Lodha, Prestige and IndiaBulls Real Estate and DLF were up between 1.6-4 per cent higher.

Asian markets

Shares in Asia were mixed on Monday with some major markets in the region closed. Hong Kong’s Hang Seng index shed earlier gains and fell into negative territory, declining 0.62% per cent by the afternoon.

Trading in the shares of Chinese developer China Evergrande Group was halted in Hong Kong on Monday, according to reports. No immediate reason was given for the halt. Elsewhere, South Korea’s Kospi gained 0.21 per cent, while the Taiex in Taiwan advanced 0.13 per cent.

Over in Southeast Asia, the Straits Times index climbed 0.27 per cent. Markets in Australia, mainland China and Japan are closed on Monday for new years’ holiday.


Markets at 10 am

LIVE market updates: The benchmark indices firmly extended opening gains and were rallying up to 0.8 per cent. The BSE Sensex was up 489 points at 58,743, while the NSE Nifty was heading towards the 17,500-mark and was at 17,493, higher by 139 points.

The broader indices were also exhibiting a strong momentum. The BSE MidCap and SmallCap indices were trading nearly 0.7 per cent and 1 per cent higher, respectively. Meanwhile, the Nifty IT index hit a record high at 39,068.

Auto stocks witnessed buying on healthy sales data for December. Shares of Eicher Motors rallied 5 per cent to Rs 2,714.15 on the BSE after the company’s Royal Enfield brand reported 43 per cent rise in month-on-month sales of 73,739 units in the month of December 2021. READ MORE.

On the Sensex, TCS, HDFC Bank, Bajaj Finserv, L&T, Maruti, NTPC, ICICI Bank, Asian Paints were the top gainers. M&M, Titan, Dr Reddy’s, and IndusInd Bank, meanwhile, remained in the negative zone.


Opening Bell

LIVE market updates: The benchmark indices started on a positive note on the first trading day of the new calendar year and were up by 0.6 per cent. The BSE Sensex was at 58, 587, up 334 points, while the Nifty50 was at 17,464, higher by 110 points.

In the broader market, the BSE MidCap and SmallCap indices were also in the green and were up 0.5 and 0.8 per cent, respectively.

Among the Sensex-30 constituents, Tech Mahindra, TCS, Wipro, Asian Paints, HCL tech, PowerGrid, Infosys, NTPC, and RIL were the top gainers, up between 0.5-1 per cent. Dr Reddy’s Labs, Titan, M&M, Kotak Bank and SBI, meanwhile, were the losers.

All sectoral indices were also positive except pharma and healthcare, which were marginally lower. On the Nifty, IT and Auto indices were leading gains and were up 0.9 and 1.5 per cent higher, respectively.

Notably, Tata Motors, which logged its highest-ever monthly sales in December, was trading over 3 per cent higher on the BSE. Maruti, another auto major that has clocked robust sales, was trading 1.8 per cent up.

IT majors Infosys, Wipro, TCS, HCL Technology were also up over 1 per cent each.


Pre-open session

LIVE market updates: The benchmark indices indicated a likely muted start on Monday as the BSE Sensex was down 74 points at 58,179, while the NSE Nifty was 64 points lower at 17,289.


LIVE market updates:

The key benchmark indices are likely to start the new year on a tepid note, as per the indications from the SGX Nifty futures. As of 08:20 AM, the SGX Nifty January futures were quoted at 17,408, indicating a likely flat start for trade.

Among stocks, auto shares will be in focus after the companies announced robust sales data on Saturday.

RBL Bank may also be looked out for as rating agency ICRA has placed the bank’s long-term and medium-term ratings on watch with developing implications. Further, heavyweight Reliance may also be eyed as brokerage Morgan Stanley has reportedly given an overweight call on the company saying its new energy stack continues to fall in place as India progresses to decarbonisation target.

Besides, Future Retail has said that it has missed payments of Rs 39.49 bln to lenders following the one time debt restructuring plan and was therefore downgraded to default grade by Care Ratings.

Meanwhile, India’s growth in eight infrastructure sectors dipped to a nine-month low at 3.1 per cent in November on fears of an impending third wave of the pandemic.

That apart, given the fresh spike in Covid-19 cases, several states across the country have announced fresh curbs and travel related restrictions. On Sunday, the West Bengal government limited flights from Mumbai and Delhi to twice per week.

Global cues

The US markets on Friday ended trade on a tepid note. The Dow Jones and the S&P 500 were down 0.2 per cent and 0.3 per cent, respectively. Nasdaq was down 0.6 per cent.

In Asia, Hang Seng and Straits Times were up 0.4 per cent each, while Taiwan gained 0.7 per cent. Japan’s Nikkei and China’s Shanghai Composite were shut for New Year holidays.

Despite a decline on the last trading day of the year 2021, Crude Oil prices registered their best yearly gains for the year since 2015. On Friday, Brent Crude slipped 2.2 per cent to $77.78 a barrel, and WTI Crude dropped 2.3 per cent at $75.21 a barrel.