Selling pressure intensified in late noon deals on Friday after reports emerged of fresh Russian onslaught on Ukrainian soil. According to media reports, at least three cities in Ukraine faced major missile attack on energy facilities and infrastructure. Meanwhile, recession fears in the US and Euro region, coupled with growth slowdown concerns back home, weighed on the sentiment.
Against this backdrop, the S&P BSE Sensex dropped 461 points, or 0.75 per cent, to settle at 61,338. The Nifty50, too, slumped 146 points or 0.79 per cent to end at 18,269.
Dr Reddy’s Labs, M&M, Asian Paints, SBI, TCS, Titan, Power Grid, and Ultratech Cement fell the most among the 27 losers within the Sensex pack. Adani Ports, BPCL, Bajaj Auto, and Hero MotoCorp were the additional laggards on the Nifty.
Tata Motors, HDFC Bank, HUL, and Tata Steel were the only large-cap gainers on the benchmark indices.
Meanwhile, in the broader markets, the BSE MidCap index declined 1.4 per cent, while the BSE SmallCap index dipped 0.9 per cent.
Among sectors, the Nifty PSU Bank index sunk the most, down nearly 3 per cent. This was followd by losses in the Nifty Realty, Pharma, and Media indices, down over 1 per cent each.
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Benchmark indices moved sharply higher at the fag-end of the session, closing in the positive zone for the first time this week. The S&P BSE Sensex zoomed 345 points, or 0.65 per cent, to end at 53,761. The Nifty50, on the other hand, closed at 16,049, up 111 points or 0.7 per cent.
Tata Consumer Products, Titan, Eicher Motors, HUL, Tata Motors, Maruti, M&M, Nestle India, HDFC, L&T, and BPCL topped the charts, rising over 2 per cent each. Metal and IT stocks, including Tata Steel, HCL Tech, Wipro, and JSW Steel continued to lag, down up to 2.6 per cent.
In the broader market, the BSE MidCap index added 0.85 per cent, driven by IDBI Bank, TVS Motors, BEL, Cummins India, and Cholamandalam Finance. The BSE SmallCap index, too, gained 0.5 per cent.
Sectorally, the Nifty Auto index was the biggest gainer, up 2 per cent. The Nifty Metal, on the contrary, eased 0.8 per cent.
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Domestic indices ended marginally higher on Friday amid consolidatory mood and mixed global cues.
After starting gap-up, the BSE Sensex index marched ahead to hit a high of 60,130-mark intra-day. However, selling in select heavyweights like Bajaj twins, M&M, HDFC, Bharti Airtel, and L&T in the second half of the session erased gains. The index eventually ended at 59,745 level, up 143 points or 0.24 per cent.
Its NSE counterpart, Nifty50, meanwhile, closed at 17,813, up 67 points or 0.38 percent.
Grasim, ONGC, Hindalco, HDFC Life, Shree Cement, Tata Consumer Products, and Asian Paints were the top Nifty gainers today.
Among large-caps, shares of Titan Company ended 1 per cent lower today after hitting a record high of Rs 2,687 apiece on the BSE earlier today. “The company has witnessed a buoyancy in jewellery demand, driven by festive purchases in October and November which helped the division achieve a 37 per cent growth for the quarter, it said in an update for Q3FY22.
The broader markets, however, outperformed the benchmarks for a second straight day with the BSE MidCap and SmallCap indices ending around 0.5 per cent higher each.
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The domestic benchmark indices ended Friday’s volatile session in the negative territory amid weak global cues.
Among headline indices, the S&P BSE Sensex ended 136 points or 0.34 percent lower at 39,614 levels and the broader Nifty50 index ended at 11,642, down 28 points, or 0.24 percent. Bharti Airtel (down 4 percent), Maruti (down over 2 percent), and HUL (down 2 percent) were the top Sensex drags. On the other hand, Tata Steel (up over 2 percent), and NTPC (up 2 percent) were the biggest gainers on the index.
Volatility index, India VIX, rose 3 percent to 24.7 levels.
Shares of Cholamandalam Investment rallied 15% in two days on strong Q2 results. The company’s profit after tax (PAT) increased 41 percent at Rs 432 crore on improvement in net income margin and lower operational expenses. It had posted a profit of Rs 307 crore in the corresponding quarter of the previous fiscal.
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Benchmark indices climbed off the day’s top but still ended around 0.5 per cent higher on Friday amid buying in IT, auto, and FMCG counters.
The S&P BSE Sensex ended at 36,021, up 178 points or 0.5 per cent, having risen to as high as 36,110 earlier in the day. The Nifty50 index settled above the 10,600 level at 10,607, up 56 points or 0.53 per cent. India VIX slipped 3 per cent to 25.69 levels.
On a weekly basis, Sensex gained 2.41 per cent while Nifty added 2.16 per cent.
Bharti Airtel (up 4 per cent) and Bajaj Auto (up 2.5 per cent) were the top Sensex gainers. Reliance Industries gained 1.5 per cent after the company announced that Intel has invested Rs 1,894.5 crore in Jio Platforms for a 0.39 per cent stake.
Further, shares of defence companies rallied in the trade and climbed up to 12 per cent on the BSE after the Ministry of Defence (MoD) approved the purchase of weapons and equipment worth Rs 38,900 crore. Bharat Dynamics ended 12.55 per cent higher at Rs 375.80 on the BSE while Bharat Electronics gained 9 per cent to Rs 97.25
Moreover, JB Chemicals rose 3 per cent during the day after it said global investment firm KKR will pick up a controlling stake of 54 per cent in the company. The stock, however, ended flat. Meanwhile, HDFC Life gained around 4.5 per cent as the company will replace Vedanta on Nifty with effect from July 31.
In the broader market, the S&P BSE MidCap index rose 0.56 per cent while the S&P BSE SmallCap index gained 0.47 per cent
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Supported by buying in FMCG, pharma, and auto counters, the domestic equity market ended in the positive territory on Friday, ahead of the release of GDP data for January-March quarter of 2019-20 (Q4FY20).
The benchmark S&P BSE Sensex recovered a good 600 points from day’s low to settle at 32,424.10, up 223.15 points or 0.7 per cent. ONGC (up 5.5 per cent) was the top gainer on the index while IT major Infosys (down 2 per cent) ended as the biggest loser.
NSE’s Nifty settled at 9,580, up 90 points or 1 per cent, with 36 of 50 constituents advancing and 14 declining.
On a weekly basis, Sensex gained 5.7 per cent and the Nifty added 6 per cent.
The broader market, too, participated in the rally. The Nifty Midcap 100 index gained over 1 per cent to 13,273 and the Nifty SmallCap 100 index rose nearly a per cent to 4,002.80.
Among individual stocks, Vodafone Idea rallied 35 per cent to Rs 7.85 in the intra-day deals on the BSE, after reports said that the global technology giant Google is in talks to buy a 5 per cent stake in the company, owned by Vodafone Plc of the UK and Aditya Birla Group. The stock, however, pared gains and ended around 13 per cent higher at Rs 6.56 after the company clarified on the report, saying there is no proposal as reported by the media that is being considered at the Board.
IT services firm Wipro surged 6.65 per cent to Rs 212.55 after the company named Thierry Delaporte as the new chief executive officer (CEO) and managing director (MD) of the company, replacing Abidali Neemuchwala. Delaporte was most recently the chief operating officer of French consulting and technology firm Capgemini Group.
Shares of pharmaceutical companies were in focus with Nifty Pharma index gaining over 3 per cent on the expectation of strong demand scenario from both the domestic and export market.
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Source: https://stockarchitect.com/sector/Consumer-Electronics
Equity market was highly volatile in the afternoon session on Friday with the benchmark indices oscillating berween the positive and negative territories after Moody’s Investors Services downgraded India’s sovereign outlook from ‘stable’ to ‘negative’, saying concerns mount the economic slowdown will be prolonged and debt will rise.
After hitting a fresh record high of 40741.69 levels during the session, the frontline S&P BSE Sensex was trading around 100 points lower. Private Banks were trading higher, with ICICI Bank, IndusInd Bank and YES Bank up in the range of 3-7 per cent. On the downside, Sun Pharma was trading nearly 3 per cent lower.
On the NSE, the Nifty50 slipped below the crucial 12,000-mark to hover around 11,950 levels. .
Sectorally, Nifty Realty index was the top gainer, up 2.3 per cent, followed by gains in Nifty Private Bank (up 0.74 per cent), and Nifty Auto (up 0.58 per cent) indices. On the flipside, Nifty Pharma and FMCG indices, each, were trading over a per cent lower.
The broader markets, however, were trading in the green. The S&P BSE mid-cap index was up 0.06 per cent, while the S&P BSE small-cap index was up 0.12 per cent.
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Benchmark indices ended marginally lower on Friday led by a fall in ICICI Bank, State Bank of India (SBI), HDFC, RIL and Axis Bank.
The S&P BSE Sensex ended at 36,671, down 54 points while the broader Nifty50 index settled at 11,035, down 23 points.
Among sectoral indices, Nifty Metal index ended 1.5 per cent lower with Jindal Steel & Power and MOIL among the top losers. The Nifty IT index, too, settled 1.1 per cent lower, dragged by Wipro and Infibeam Avenues
In the broader market, the S&P BSE MidCap index ended 12 points, or 0.08 per cent lower at 14,804, while the S&P BSE SmallCap index settled at 14,529, down 11 points, or 0.08 per cent.
Shares of Wipro fell 5 per cent to Rs 256 in intra-day trade on the BSE in after huge block deals were executed on the counter. Till 11:22 am, a combined 57.86 million equity shares, representing 1.3 per cent equity, of Wipro had changed hands on the National Stock Exchange (NSE) and BSE. The stock ended at Rs 256.50, down 4.6 per cent.
Shares of Allahabad Bank hit a 52-week high of Rs 58.20, up 6.5 per cent on the BSE in the intra-day trade, extending its past three weeks’ rally after the government announced capital infusion of Rs 6,896 crore in the bank.The stock settled 4.39 per cent higher at Rs 57.05.
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Benchmark indices ended at new closing high on Friday, tracking global equity markets on the back of robust economic data.
The S&P BSE Sensex ended at new closing high at 34,153, up 184 points while the broader Nifty50 index settled above 10,550 for the first time ever. It ended at 10,558, up 54 points.
Shares of telecommunication companies were in focus with the S&P BSE Telecom index rallying more than 3% on BSE, trading close to its record high.
Idea Cellular, Bharti Airtel, Reliance Communications (RCom), Tejas Networks, GTL, GTL Infrastructure, Aksh Optifibre and Sterlite Technologies from the telecom index have surged up to 12% on BSE in intra-day trade.
Subros hit an all-time high of Rs 347, up 11% on BSE in intra-day deal, after the company announced that it has started supply of blower for trucks to its customers include Tata Motors and Ashok Leyland.
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