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Economic Times | 21 Jan, 2021 | 06.33PM IST

Traders' Guide: Major support for Nifty exists at 14,350 and 14,200 levels

Watch this space as we bring you LIVE updates of the day's proceedings from Dalal Street.

!1 New UpdateClick here for latest updates
09:44 PM

$40 billion fund manager says India will add trillion dollar GDP every few years

As part of the ongoing multi-decadal growth super-cycle, India is expected to add a trillion dollar to nominal GDP every few years, Ritu Arora, CEO and chief investment officer (CIO) Asia at Allianz Investment Managers, said.
$40 billion fund manager says India will add trillion dollar GDP every few years
09:28 PM

Ahead of Market: 12 things that will decide stock action on Wednesday

Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments said, “If we manage to get past this level, we should be headed to 14,800-14,900. The index has made a strong base at the 14,200 levels, which acted as good support."
Ahead of Market: 12 things that will decide stock action on Wednesday
08:20 PM

Dow Jones opens higher ahead of Yellen speech; spotlight on earnings

The Dow Jones Industrial Average rose 170.2 points, or 0.55%, at the open to 30,985.11. The S&P 500 rose 24.6 points, or 0.66%, at the open to 3,792.96, while the Nasdaq Composite rose 134.2 points, or 1.03%, to 13,132.72 at the opening bell.
Dow Jones opens higher ahead of Yellen speech; spotlight on earnings
07:53 PM

Top funds make a beeline to set up AIF at Gujarat GIFT City

Technology, life sciences, healthcare, pharma, fintech and consumption businesses remain some of the popular investment themes for deployment.
Top funds make a beeline to set up AIF at Gujarat GIFT City
07:27 PM

Will higher car prices help Maruti preserve margins?

Maruti has finally decided to raise vehicle prices by up to Rs 34,000 effective from January 18 after lagging behind the curve to pass on the higher costs to customers due to the implementation of new emission norms in April 2020.
Will higher car prices help Maruti preserve margins?
06:56 PM

IRFC IPO subscribed 1.22 times on Day 2

By 5:00 pm on Tuesday, the issue received bids for 152.64 crore shares, which was 122.35 per cent of the issue size of 124.75 crore shares. The issue was subscribed 65 per cent on the first day.
IRFC IPO subscribed 1.22 times on Day 2
06:11 PM

Tech View: Nifty bulls come roaring, eyes 14,560 level

Aditya Agarwala of YES Securities said a sustained trade above the 14,560 mark would extend the gains to 14,650 and 14,800 levels.
Tech View: Nifty bulls come roaring, eyes 14,560 level
05:19 PM

F&O: Nifty negates lower tops & bottoms to give bullish vibes

Nifty has to hold above 14,450 level to extend its move towards a lifetime high of 14,653 and then 14,750 levels, while on the downside major support exists at 14,350 and 14,200 levels.
F&O: Nifty negates lower tops & bottoms to give bullish vibes
05:11 PM

ETMGS 2021 to see best of global, D-Street brains ideate on Budget & markets

ETMarkets Global Summit, Dalal Street's most awaited event, goes virtual this year in view of the Covid-19 pandemic. The event kicks off on January 20, Wednesday.
ETMGS 2021 to see best of global, D-Street brains ideate on Budget & markets
04:09 PM

Lower grade papers contribute over half of recovery for Franklin Templeton schemes

Even though A and AA papers fall in the investment grade, they are considered relatively less secure than top grade AAA. In March-April 2020, when pandemic started, some credit rating agencies had said such papers were more likely to default.
03:49 PM

Markets at Close

  • Nifty posts best say since 5 Nov, Bajaj Finserv gains most
  • Nifty Bank posts best day since 4 Dec; all stocks rise led by IDFC First Bank
  • Nifty Midcap gains most since 23 Dec; L&T Tech gains over 7%
  • Nifty Smallcap gains most since 28 Dec, Indiabulls Real Estate rises over 10%
  • All sector indices gain at least 1% except Nifty IT and FMCG
  • Nifty Realty gains over 4% to end as best sector performer, rises most since 16 Dec
  • Nifty Metal gains 3%, most in over 10 days; Hind Zinc rises the most
  • Nifty Media gains 2.5%, most in 10 days
  • Nifty Infra gains most since 5 Nov led by InterGlobe
  • Nifty Pharma gains most in 10 days led by Torrent Pharma
  • India VIX falls most since 1 Jan
03:40 PM

This is how the 30-pack Sensex moved in today's session. It touched a high of 49,499.86 and a low of 48,805.54 to finally settle at 49,398.29

This is how the 30-pack Sensex moved in today's session. It touched a high of 49,499.86 and a low of 48,805.54 to finally settle at 49,398.29
03:39 PM

CLOSING BELL: Sensex surges 834 pts to log best gains in four months, Nifty reclaims 14,500; Bajaj Finserv rises 7%, Bajaj Finance 5%

  • RIL and financials lead the market rally
  • 27 of 30 Sensex stocks end the day in the green
  • Index contributors: HDFC, ICICI Bank, RIL, HDFC Bank, Bajaj Finance
  • Top Index gainers: Bajaj Finserv (6.77%), Bajaj Finance (5.36%), Sun Pharma (3.54%)
  • Top Index losers: TechM (0.30%), ITC (0.18%), M&M (0.02%)
  • All BSE sectoral indices end the day in the green
  • S&P BSE REALTY biggest sectoral gainer, up 4.04%
  • S&P BSE Fast Moving Consumer Goods biggest sectoral loser, up 0.63%
  • Volume toppers: UltraTech Cement, RIL, HDFC Bank, Bajaj Finance, SBI
CLOSING BELL: Sensex surges 834 pts to log best gains in four months, Nifty reclaims 14,500; Bajaj Finserv rises 7%, Bajaj Finance 5%
03:24 PM

All BSE sectors in the green; realty, metal spaces lead gains

The S&P BSE Realty, Metal and Industrials indices were the biggest sectoral gainers on BSE, up 4.03%, 3.17% and 2.69% respectively.
All BSE sectors in the green; realty, metal spaces lead gains
03:17 PM

BSE 500 within 1.2% of all-time high

Price as on 19 Jan, 2021 03:17 PM, Click on company names for their live prices.
03:12 PM

IRFC IPO gets fully subscribed on Day 2

By 2.30 pm on Tuesday, the issue received bids for 1,24,79,32,850 shares, which was 100.03 per cent of the issue size of 1,24,75,05,993 shares. The issue was subscribed 65 per cent on the first day.
IRFC IPO gets fully subscribed on Day 2
02:33 PM

S&P BSE REALTY biggest sectoral gainer, up nearly 4%. This is how the index components stocks are faring:

S&P BSE REALTY biggest sectoral gainer, up nearly 4%. This is how the index components stocks are faring:
02:31 PM

Tata Metaliks Q3 results: Revenue from ops at Rs 526 cr vs Rs 519 cr YoY. PAT at Rs 75 cr vs Rs 46 cr YoY

Price as on 19 Jan, 2021 02:31 PM, Click on company names for their live prices.
02:25 PM

JBM Auto bags order from Delhi Transport Corporation for supply of 700 BS-VI compliant AC low-floor CNG buses

Price as on 19 Jan, 2021 02:25 PM, Click on company names for their live prices.
02:21 PM

Here are the top scrips contributing to Sensex's gains

Here are the top scrips contributing to Sensex's gains
02:17 PM

The ‘landmines’ you may have bought in this market in hunt for a quick buck

While market veterans are looking at the stupendous gains in some of the midcap and smallcap stocks to raise alarm bells, what should really set the cat among the pigeons is what is happening in the darkest stretches of India’s stock market.
The ‘landmines’ you may have bought in this market in hunt for a quick buck
02:03 PM

Here are the top gainers in the tourism and hospitality sector

Price as on 19 Jan, 2021 02:03 PM, Click on company names for their live prices.
01:52 PM

A new US president is taking over and a lot of positive announcements are coming in, which could keep the markets alive.

- Rusmik Oza, head of fundamental research, Kotak Securities

01:50 PM

Mindtree shares jump 6% after strong Q3 earnings

Mindtree shares jumped nearly 6% to Rs 1,759.7 apiece on the BSE, a day after the IT services provider reported strong December quarter results. The stock had opened stronger at Rs 1,703 on the bourse on Tuesday compared with its previous close of Rs 1,660.6.
01:44 PM

Indigo Paints IPO: Analyst views, peer comparisons, management commentaries

The IPO of Indigo Paints is ready to hit the market on Wednesday amid a frenzy over its unlisted shares in the grey market. According to analysts, while the asking valuation looks demanding, one can subscribe to the issue on the paint maker’s improving performance and scope for market share expansion.
01:28 PM

The weakness in the market in the last two days had emboldened the bears to go short. Today's sharp rebound is partly due to short- covering. Janet Yellen's statement that the US needs a big fiscal push has lifted markets globally. Better-than-expected Q2 results and the encouraging early Q3 results along with sustained FII inflows have emboldened the bulls.

- VK Vijayakumar, chief investment strategist, Geojit Financial Services

01:26 PM

Nifty Realty spikes over 4%

Price as on 19 Jan, 2021 01:26 PM, Click on company names for their live prices.
01:22 PM

Domestic gold benchmark flat at Rs 48,918

MCX gold futures (February 5) quoted nearly unchanged at Rs 48,918 in afternoon deals amid choppy trade, after moving between Rs 48,813 and Rs 48,965 as against their previous close of Rs 48,894. The spot rate quoted at Rs 49,007 per 10 grams, excluding GST, according to Mumbai-based India Bullion and Jewellers Association (IBJA).
01:00 PM

The undertone in the market remains strong with large as well midcap companies reporting a good set of numbers, and FII flows continue to be positive. On the macro front, subdued inflation has improved sentiment. However, any disappointing numbers going forward will have a negative impact on those specific stocks.

- Anita Gandhi, Director, Arihant Capital Markets

12:53 PM

Bajaj Finserv, Bajaj Finance top Sensex gainers, up 5% each

Bajaj Finserv, Bajaj Finance, Larsen & Toubro, Bajaj Auto, Asian Paints and Reliance Industries were the top gainers in the S&P BSE Sensex index, trading between 2.2% and 4.9%. In terms of volume, top gainers in the 30-scrip benchmark were Reliance Industries, HDFC Bank, Bajaj Finance, SBI, Tata Steel, Asian Paints, Bajaj Finserv and Infosys.
12:49 PM

Home First Finance IPO price band fixed at Rs 517-518

The Rs 1,154-crore IPO -- which will open on Thursday -- comprises of a fresh issue of Rs 265 crore, and an offer for sale of Rs 889 crore by promoters and existing shareholders.
11:32 AM

Maruti Suzuki jumps after carmaker announces price hike

Maruti Suzuki India Ltd shares rose as much as 2.3% to Rs 7,990 apiece on the BSE compared with their previous close of Rs 7,814.4, a day after the country's largest automaker by market value said it would increase the prices of some of its car models to mitigate the impact of rising costs.
11:29 AM

The ‘landmines’ you may have bought in this market in hunt for a quick buck

If anything, the domestic stock market’s rebound from the lows of March has been eye-popping. And new-age retail investors armed with trading apps on their mobile phones were on the forefront leading this revival.
11:28 AM

Cholamandalam Investment, L&T Finance Holdings, Shriram Transport lead midcaps

Price as on 19 Jan, 2021 11:28 AM, Click on company names for their live prices.
11:22 AM

Midcap, smallcap shares surge

The broader markets outperformed the benchmark Sensex and Nifty 50 indices, with the S&P BSE Midcap and Smallcap gauges trading 1.7% and 1.5% higher. The S&P BSE 500 -- the broadest index on BSE -- gained 1.3%, with Indiabulls Real Estate, HFCL, L&T Technology Services, Cholamandalam Investment, Bank of Maharashtra, L&T Finance Holdings and Sobha among its top percentage gainers, quoting between 6.4% and 10.4% higher.
11:16 AM

All sectors in the green, led by metal, PSU bank, realty shares

The Nifty Bank index traded 0.8% higher, while the Nifty Realty and Nifty PSU Bank gauges were up 4.8% and 2.3%, respectively. Top gainers in the banking and financial services space were Bank of Baroda, SBI, PNB, Axis Bank, IndusInd Bank and ICICI Bank, trading between 0.7% and 2% higher.
11:09 AM

RIL's energy unit steady, but doesn't really impact stock movement: SBICAP Securities

Petrochemical consumption in India is well above the pre-pandemic levels with growth ahead, and a something trend is seen across the globe, according to Mahantesh Sabarad, head-retail research at SBICAP Securities.
11:05 AM

Reliance Industries, HDFC, TCS, Infy top movers

Reliance Industries, HDFC, TCS, Infosys and Bajaj Finance were the biggest contributors to the gain in Sensex. The five counters accounted for more than 300 points to the surge in the 30-scrip index.
10:26 AM

All but 5 stocks gain in Nifty pack

Price as on 19 Jan, 2021 10:26 AM, Click on company names for their live prices.
10:23 AM

Rupee edges higher to 76.16 vs dollar

The rupee traded 76.13 against the US dollar in mid-morning deals. It moved in a range of 73.15-73.18 against the greenback, having begun the day mildly stronger at 73.17 compared with its previous close of 73.28. At the current level, the rupee is down 0.12% so far in 2021.
10:19 AM

PSU bank stocks lead gains across financials

The Nifty Bank and PSU Bank indices traded 0.5% and 1.3% higher at the last count, respectively. SBI, Canara Bank, Bank of Baroda and Punjab National Bank -- trading between 0.5% and 3.2% higher - were the top gainers in the state-run banking pack.
10:15 AM

Intraday picks from Reliance Securities

Brokerage Reliance Securities shared its top intraday calls: Buy Apollo Tyres in the range of Rs 179-177 for a target of Rs 190 with a strict stop loss at Rs 172Buy Kotak Mahindra Bank in the range of Rs 1,847-1,830 for a target of Rs 1935 with a strict stop loss at Rs 1,800 Buy Asian Paints in the range of Rs 2,588-2,570 for a target of Rs 2,660 with a strict stop loss at Rs 2540
10:13 AM

To achieve the mission of building a $5 trillion economy by 2024, the government should consider doing away with the tax on dividend pay outs. The other important element will be to streamline taxation on stock market gains. There are multiple classifications such as speculative income, business income, short-term capital gain, and long-term capital gain. This should be reduced to only three categories: 1) business income 2) long-term capital gain, and 3) short-term capital gain. India is among the rare jurisdictions to impose both STT/CTT and capital gains. It would be helpful to provide a rebate on STT under Section 88E. Reintroduction of Section 88E will help to increase volumes, thereby generating more revenues from STT/CTT.

- Puneet Maheshwari, Director, Upstox

09:35 AM

Man Industries wins orders worth Rs 250 crore

Price as on 19 Jan, 2021 09:35 AM, Click on company names for their live prices.
09:19 AM

OPENING BELL: Sensex gains 300 pts, Nifty above 14,380; ONGC, SBI rise 2% each

OPENING BELL: Sensex gains 300 pts, Nifty above 14,380;  ONGC, SBI rise 2% each
09:07 AM

Pre-open session: Sensex rises 300 pts, Nifty above 14,350

07:30 AM

SGX Nifty signals gap-up start

Nifty futures on the Singapore Exchange traded 92 points, or 0.64 per cent, higher at 14,368, in signs that Dalal Street was headed for a gap-up start on Tuesday.
07:29 AM

Tech view: Nifty forms bearish candle

Nifty50 on Monday extended losses to the second consecutive day and formed another big bearish candle on the daily chart. In the process, the index violated its multiple day support level of 14,350, indicating a negative bias. Analysts said bears appears to be slowly tightening their grip on the market as intraday recovery towards 14,400 had huge selling pressure in the afternoon session.
07:15 AM

Asian shares edge higher

Asian share markets edged ahead on Tuesday as investors wagered China's economic strength would help underpin growth in the region, even as pandemic lockdowns threatened to lengthen the road to recovery in the West. MSCI's broadest index of Asia-Pacific shares outside Japan firmed 0.2 per cent, to be a whisker from record highs. Japan's Nikkei bounced 1 per cent, recovering all the losses suffered on Monday.
07:13 AM

US markets to resume trade today

US markets were shut on Monday on account of Martin Luther King Jr. Day. On Friday, the Dow Jones Industrial Average fell 177.26 points, or 0.57 per cent, to 30,814.26, the S&P500 index lost 27.29 points, or 0.72 per cent, to 3,768.25 and the Nasdaq Composite dropped 114.14 points, or 0.87 per cent, to 12,998.50. The trading would resume on Tuesday.
07:11 AM

Rupee drops by 21 p to 1-week low on dollar demand

The rupee plunged by 21 paise to settle at a week's low of 73.28 against the US dollar on Monday, tracking weak domestic equities and a rebound in the American currency. At the interbank forex market, the domestic unit opened at 73.21 against the greenback and swung between a low of 73.30 and a high of 73.18 during the session.
07:10 AM

Sensex, Nifty on Monday

Equity benchmarks wilted under selling pressure for the second consecutive session on Monday as investors stayed on the back foot amid lacklustre global cues. After a choppy session, the 30-share BSE Sensex ended 470.40 points or 0.96 per cent lower at 48,564.27. Similarly, the broader NSE Nifty tumbled 152.40 points or 1.06 per cent to 14,281.30.
07:09 AM

Good morning, dear reader! Here's something to kickstart your trading day

Good morning, dear reader! Here's something to kickstart your trading day
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