An employee walks past electronic ticker boards that indicate the latest stock figures inside the atrium at the National Stock Exchange (NSE) in Mumbai, India (Photographer: Dhiraj Singh/Bloomberg)
HDFC Twins Help Sensex, Nifty Gain For Third Straight Day
Markets At Close
- Benchmark indices gain for the third day in a row
- Both Nifty and Sensex now up over 4 percent this week
- Nifty ends 1.8 percent higher at 9,553
- Nifty futures trading at a discount of 27 points
- Sensex ends 1.9 percent higher at 32,720
- Nifty Bank ends 2 percent higher at 21,090
- Nifty Midcap Index ends 1.3 percent higher
- Nifty Smallcap Index ends 0.7 percent higher
- India Volatility Index ends 4.3 percent lower at 33.83
- Nifty FMCG (Down 0.4 percent) is the only sectoral laggard
- Nifty Metal ends as top sectoral gainer; up 3.7 percent
- Hindalco ends as the top Nifty gainer; up 7 percent
- Axis Bank ends as the top Nifty laggard; down 3.6 percent
- 1,121 stocks end the trading day with gains while 668 end with losses
HDFC Twins Lead The Way...By A Distance
Closing Bell: Third Day Of Gains
Indian equity markets gained for the third day in a row, its best winning streak in a month, tracking positive cues from Europe and from futures in the United States.
The S&P BSE Sensex ended 1.9 percent higher at 32,720, taking its weekly advance to 4.5 percent.
The NSE Nifty 50 index ended above the 9,500 mark at 9,553, up by 1.8 percent. The benchmark is up 4.3 percent this week. 38 out of the 50 Nifty stocks ended the day with gains.
Among sectoral indices, the Nifty Metal index ended as the top sectoral gainer with gains of 3.75 percent. Nifty Bank, Nifty Media and Nifty PSU Banking index gained over 2 percent each.
1,121 stocks ended the day with gains while 668 ended with losses.
Stock Update: Adani Ports & SEZ
- Among top gainers on the Nifty 50 index
- Gained as much as 7.4 percent to Rs 293.2
- Biggest one-day gain since March 25, 2020
- Up for the third straight day
- Today's volumes are 62 percent below its 20-day average
- Promoter SB Adani Family Trust revoked pledge of 1.53 crore shares
- Up over 42 percent from 52-week low of Rs 203 on March 23, 2020
- 24 out of the 26 analysts tracking the stock have a buy recommendation; 0 sell calls
- Return potential of the stock as per Bloomberg data is 38 percent
Stock Update: Apollo Tyres
- Snaps four-day losing streak
- Gains as much as 8.2 percent to Rs 96.8
- Biggest one-day gain since August 2017
- Today's volumes are 1.7 times higher than its 30-day average
- 50-day Moving Average lies at Rs 110.47
- Has rebounded over 30 percent from its 52-week low of Rs 72.55
- 15 out of the 24 analysts tracking the stock have a buy recommendation; 1 sell call
- Return potential as per Bloomberg data is 68.4 percent
Trading Ideas From Manav Chopra Of Indiabulls Ventures
- Buy NIIT Tech for target of Rs 1,400 and stop loss of Rs 1,120
- Sell Marico for target of Rs 260 and stop loss of Rs 310