Benchmark indices climbed on Friday as investors cheered US Fed chair Jerome Powell’s comment that the US may be able to avoid a “deep recession” despite aggressive rate hikes. The S&P BSE Sensex, which had erased all the morning gains during the day, clawed back to end at 59,793, up 105 points or 0.18 per cent.
The Nifty50, on the other hand, settled at 17,833, higher by 35 points or 0.19 per cent. In the broader markets, the Nifty MidCap 100 added 0.35 per cent, while the Nifty SmallCap100 edged 0.06 per cent up.
Among individual stocks, Tech M, IndusInd Bank, Infosys, HCL Tech, Maruti Suzuki, SBI, and TCS were the top large-cap winners, while Astral, Godrej Industries, Bajaj Holdings and Investments, All Cargo Logistics, Nazara Technologies, and Stove Kraft were the top broader market gainers.
Sectorally, the Nifty IT index jumped the most, up 2 per cent, while the Nifty Financial Services and Realty indices dipped 0.5 per cent each.
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It was a range-bound trade on the bourses on Friday as investors awaited US Fed chief Jerome Powell’s address at the Jackson Hole Symposium later tonight. The S&P BSE Sensex traded between 58,723 and 59,321, and ended at 58,834, up 59 points or 0.1 per cent.
The NSE Nfty50, meanwhile, shut shop at 17,559, up 36 points or 0.21 per cent. It touched a high of 17,686 and a low of 17,519 on the NSE. In the broader markets, the Nifty MidCap 100 and the Nifty SmallCap 100 settled up to 0.7 per cent higher.
Among sectors, the Nifty Metal index rose 1.7 per cent, followed by the Nifty PSU Bank index, up 1 per cent. On the flipside, the Nifty Private bank index fell 0.3 per cent.
Shares of Syrma SGS Technologies (Syrma) soared 42.2 per cent to Rs 313 against its issue price of Rs 220 per share on debut on Friday. The stock of the industrial electronics company listed at Rs 262, a 19 per cent premium when compared to its issue price on the BSE. On NSE, the stock started trading at Rs 260.
The Rs 562-crore IPO of DreamFolks received a bumper response from investors on the last day of the issue. The offer was subscribed nearly 53 times till 3:30 PM with retail investors’ quota at 42x subscription, NII at 37.5 times, and QIB at 64 times.
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Benchmark indices exhibited range-bound trade on Friday as lack of fresh triggers kept indices directionless. The S&P BSE Sensex remained within a narrow range of 348 points, while the Nifty50 travelled 118 points during the day.
By close, the 30-pack index settled at 54,482 levels, up 303 points or 0.56 per cent. The Nifty50, meanwhile, shut shop with gains of 88 points, or 0.54 per cent, at 16,221. In the broader market, the BSE MidCap and SmallCap indices added 0.2 per cent each.
L&T, PowerGrid, NTPC, ICICI Bank, DR Reddy’s Labs, Axis Bank, Bharti Airtel, and Nestle India were the top large-cap gainers, while M&M Financial Services, Oil India, SRF, Trent, Uttam Sugar, RateGain, and GR Infra surged in the broader market.
On the flipside, Tata Steel, IndusInd Bank, Maruti Suzuki, TCS, Crisil, Ashok Leyland, MFSL, RBL Bank, Ajmera Realty, PSP Projects, and Vakrangee were the top laggards across segments.
Among sectors, the Nifty Metal index was the sole loser, down 0.8 per cent. The Nifty Bank and FMCG indices, meanhile, were the outperformers, up 0.5 per cent each.
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Benchmark indices traded within a narrow range on Friday seeking support from firm global cues. The S&P BSE Sensex closed 462 points, or 0.88 per cent, higher at 52,728. The Nifty50, meanwhile, ended at 15,699, up 143 points or 0.92 per cent.
Auto, banking, and FMCG stocks took the centre stage today as easing commodity prices eased input cost and credit off-take pressures. M&M, IndusInd Bank, Bajaj Finance, Hero MotoCorp, HUL, ICICI Bank, Britannia Industries, ONGC, Shree Cement, JSW Steel, Eicher Motors, Tata Consumer Products, Hindalco, and HDFC Bank rose between 1.5 per cent and 4.4 per cent to settle as top Nifty gainers.
On the downside, Tech M, Infosys, Apollo Hospitals, TCS, NTPC, HCL Tech, and Coal India ended as top laggards.
Meanwhile, in the broader market, the Nifty MidCap and SmallCap indices advanced 1.4 per cent and 1.76 per cent, respectively.
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It was a one-way rally on Dalal Street on Friday as investors started the first day of the new financial year (FY23) with across-the-board buying. The frontline S&P BSE Sensex zoomed 708 points, or 1.2 per cent, to settle at 59,277. The Nifty50, meanwhile, soared 206 points or 1.2 per cent to end at 17,670.
The broader indices, too, advanced in-line with large-caps with the BSE MidCap and SmallCap indices climbing 1.4 per cent and 1.7 per cent, respectively.
NTPC, PowerGrid, IndusInd Bank, SBI, HDFC, M&M, HDFC Bank, Bajaj Finance, Wipro, Axis Bank, Maruti Suzuki, and ITC were the biggest Sensex gainers, surging in the range of 1.5 per cent to 6 per cent.
On the downside, only Tech M, Dr Reddy’s Labs, Sun Pharma, Titan, and Infosys were the drags, down up to 0.7 per cent.
In the broader market space, Adani Power, BHEL, Bajaj Holdings, RBL Bank, SML Isuzu, Sahyadri Industries, Mrs Bectors Foods, and Spandana Sphoorty leaped between 5 per cent and 10 per cent.
Sectorally, the Nifty PSU Bank index jumped 4 per cent on the bourses with Union Bank, Bank of India, Canara Bank, and Bank of Maharashtra adding over 4 per cent each.
The Nifty Bank, Private Bank, Media, Financial Services, Realty, and FMCG indices, meanwhile, added between 1.5 per cent and 2 per cent.
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Indian equities rose in-line with global markets as they cheered progress on ceasefire negotiations between Russia and Ukraine. That apart, investors also welcomed a 25-bps rate hike by the US Federal Reserve, which was on expected lines.
The benchmark indices ended near the day’s high level at 57,864, up 1,047 points or 1.84 per cent. The Nifty50, meanwhile, zoomed 312 points or 1.84 per cent to settle at 17,287. Both the indices had hit an intra-day high of 58,096 and 17,345, respectively.
HDFC was the top index gainer today, rallying 5.4 per cent on the NSE. JSW Steel, Titan Company, SBI Life, RIL, Kotak Bank, Tata Consumer Products, Tata Steel, Nestle India, and Eicher Motors were the other notable gainers, up between 3 and 5 per cent.
Only four large-cap counters ended in the red, including Infosys, Cipla, Indian Oil, and HCL Tech. All these stocks dipped between 0.4 and 1 per cent.
In the broader market, the BSE MidCap and SmallCap indices added 1 per cent each.
For the week, the benchmark Sensex and Nifty indices climbed over 4 per cent while the BSE MidCap and SmallCap indices zoomed 2 per cent each.
Sectorally, the Nifty Realty index advanced over 3 per cent today, ending as the top sectoral gainer for a second straight day. The Nifty Financial Services, Bank, and Metal indices edged between 2 and 2.5 per cent higher.
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Benchmark equity indices slumped over 1 per cent in Friday’s intra-day session but made a sharp V-shaped recovery to end the day with little change. Financials and metals exerted pressure on the bourses, even as gains in Reliance Industries, FMCG and select private bank stocks tried to limit the losses.
The S&P BSE Sensex fell 722 points intra-day but recovered to close 21 points, or 0.04 per cent, higher at 52,344 levels. The broader Nifty50 index, meanwhile, bounced back from the day’s low of 15,451 to end at 15,683 levels, down 8 points or 0.05 per cent.
The correction was deeper in the broader markets where the BSE MidCap and SmallCap indices closed 0.70 per cent and 0.89 per cent down, respectively.
Overall, the market breadth was heavily skewed towards bears with the Advance to Decline ratio standing at 1:2. ONGC, Coal India, Power Grid, JSW Steel, UPL, NTPC, M&M, SBI, and Nestle India were the top laggards among the large-cap stocks while Mahanagar Gas, Ashok Leyland, SAIL, Canara Bank, Max Financial Services, Graphite India, HEG, Hindustan Copper, Affle India, and Wockhardt Pharma cracked in the mid and small-cap segments.
Sectorally, the Nifty PSU Bank declined nearly 2 per cent while the Nifty Auto, Metal, and Realty indices slipped up to 1 per cent each. On the upside, the Nifty FMCG index ended 0.29 per cent higher.
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Firm global cues and healthy corporate earnings back home helped domestic equity indices to settle higher for third straight day on Friday. In Europe, stocks hit a record high as strong economic data from Germany and other major economies as well as upbeat earnings underpinned hopes of a swift economic recovery from the pandemic.
The frontline indices gained little over 0.5 per cent as volatility gauge, India VIX, eased 5.5 per cent, propelled largely by metal stocks. The Nifty Metal index advanced 5 per cent on the NSE while all other sectoral indices clocked gains between 0.04 per cent and 1 per cent. The Nifty PSU Bank index was the only loser, down 0.14 per cent.
Against this backdrop, the benchmark Nifty50 shut shop at 14,823 levels, up 98 points. On the BSE, the 30-share Sensex index closed 257 points higher at 49,206 levels.
Individually, Tata Steel, Hindalco, JSW Steel, Adani Ports, SBI Life, M&M, and HDFC were the top Nifty gainers of the day while Tata Consumer Products, Bajaj Auto, Hero MotoCorp, Bajaj Finance, and Eicher Motors declined up to 3.5 per cent.
Trading in the broader markets, however, remained mixed. The S&P BSE MidCap index dipped 0.04 per cent while the SmallCap index ended 0.15 per cent higher.
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Halting its four-day gaining streak, equity market ended in the negative territory on Friday amid worries over economic damage from the coronavirus outbreak and profit-booking in some of the recent outperformers.
The S&P BSE Sensex today slipped 164 points or 0.4 per cent to settle at 41,142, with NTPC (up over 3 per cent) being the top gainer and IndusInd Bank (down nearly 3 per cent) the biggest loser.
Reliance Industries (RIL), HDFC, ICICI Bank and L&T contributed the most to the index’s losses.
The NSE’s Nifty50 index ended at 12,086, down 51.55 points or 0.42 per cent.
On a weekly basis, both Sensex and Nifty gained nearly 4 per cent each.
Sectorally, realty stocks bled the most while media and pharma counters advanced the most. The Nifty Realty index fell around 2 per cent to Rs 320.55. On the other hand, Nifty Media climbed nearly 2 per cent to 1,823 points and the Nifty Pharma settled over 1 per cent higher at 8,335-mark.
In the broader market, the Nifty Midcap 100 index rose 0.57 per cent to 18,350 points while the Nifty SmallCap 100 ended flat at 6,236 levels, down 0.07 per cent.
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Bulls held their reigns for the second consecutive day on Friday, as markets decisively stayed in the positive territory after a mild blip in the early morning trade. Pre-budget rally and decent Q3FY20 results throughout the day were the biggest factors driving the markets today. Banking counters were leading the charge from the front with HDFC twins, ICICI Bank, Kotak Mahindra Bank, and Axis Bank being the top contributors of the gains today.
The benchmark S&P BSE Sensex surged 421 points off day’s low to hit an intra-day high of 41,697.03. At close, the Sensex settled at 41,613.19 level, up 226.79 points or 0.55 per cent. UltraTech Cement, L&T, Tech Mahindra, and Kotak Mahindra Bank were the top gainers on the 30-share index, while Power Grid, IndusInd Bank, TCS, and Reliance Industries were the top laggards.
On the NSE, the Nifty50 reclaimed the 12,250-mark in the intra-day trade today and hit a high of 12,272.15. The 50-share index ended 67.90 points, or 0.56 per cent, higher at 12,248.25 mark. Sectorally, all the key indices settled in the positive territory barring Nifty IT and Pharma indices. Nifty Metal index settled 1.02 per cent higher, followed by Nifty Financial Services index (up 0.9 per cent) and Nifty Bank index (up 0.8 per cent).
Broader markets continued their outperformance on Friday as well, with the S&P BSE mid-cap index hitting its fresh 52-week high in the intra-day trade today. At close, the index was at 15,826.57 level, up 0.8 per cent. The S&P BSE small-cap index, meanwhile, settled 0.5 per cent higher at 14,848.49.
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