Markets at 10 AM
LIVE market updates: The benchmark indices extended opening gains and were rallying 0.5 per cent higher. The BSE Sensex was 332 points up at 59,515 and the NSE Nifty was at 17,714, higher by 90 points.
Energy majors NTPC and PowerGrid were the top gainers on the Sensex, up over 3 per cent each, followed by banking stocks such as Axis Bank, SBI Bank, ICICI Bank, and heavyweight Reliance Industries.
On the flip side, IT stocks Infosys, Wipro and HCL Technology were down between 0.6-0.8 per cent. Pharma stocks Sun Pharma and Dr Reddy's were also in the red zone.
Meanwhile, the broader market was also positive. The BSE MidCap and SmallCap indices were up 0.1 and 0.3 per cent, respectively.
Sectorally, Nifty PSU Bank, Auto, Oil & Gas were leading gainers, up between 0.3-1 per cent. On the flip side, IT, pharma, healthcare and FMCG were the losers, down between 0.2-0.6 per cent.
That apart, the shares of Hinduja Global Solutions (HGS) surged 19 per cent to hit a new high of Rs 3,948 on the BSE in Tuesday’s intra-day trade after the company announced that its board will meet on Thursday January 06, 2022 to consider a proposal for bonus issue of equity shares. READ MORE.
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Opening Bell
LIVE market updates: The benchmark indices started higher on Tuesday extending the previous day's strong rally and deriving support from robust global cues. The BSE Sensex was at 59,375, up nearly 200 points, while the Nifty50 was up 60 points at 17,689.
In the broader market, the BSE MidCap and SmallCap indices were also in green and were up 0.4 and 0.6 per cent, respectively.
Among the Sensex-30 constituents, NTPC, PowerGrid, M&M, Axis Bank, Maruti, Bajaj twins, ITC, Reliance, and SBI Bank were the top gainers, up between 0.6-2.4 per cent. On the Nifty, ONGC, IOC and BPCL were the additonal gainers. HCL Technology, Tech Mahindra, Wipro, Asian Paints, Ultratech Cement, meanwhile, were the top losers on the Sensex.
All sectoral indices were in the green on the Nifty except IT, which was 0.1 per cent lower. The Oil &Gas, and Bank indices were leading the gains.
On the other hand, Wockhardt was up nearly 3 per cent. The company’s board is scheduled to meet on January 06 to consider various fund raising options for the company. ________________________________________________________________________
Pre-open session
LIVE market updates: The benchmark indices indicated a positive start on Tuesday as the BSE Sensex was up nearly 200 points at 59,382, while the NSE Nifty was at 17,694, higher by 69 points, in the pre-open session.
__________________________________________________________________________LIVE market updates: The benchmark indices may open on a muted note on Tuesday, as per indications from the SGX Nifty January futures. The index was quoting at 17,678, up marginally by 14 points from Nifty's spot close yesterday.
The markets, however, may take support from strong global cues and robust, domestic commercial export data for December.
Among stocks, Reliance may be eyed as the company's telecom arm Reliance Jio has received approval enabling it to use equipment from various vendors, including Ericsson, Nokia Networks, Cisco, and Dell, which have been endorsed as a ‘trusted source’ by the National Security Council Secretariat.
Global cues
The US markets clocked record highs in trade on Monday with Apple becoming the first company to hit the $ 3 trillion market capitalization mark. Despite curbs and restrictions in the face of rising Omicron cases, market analysts were optimistic that economic activity might not be hampered significantly. The Dow Jones and the S&P 500 gained 0.7 per cent and 0.6 per cent, respectively, while the Nasdaq soared 1.2 per cent at close.
Oil prices also surged higher a day ahead of the OPEC+ meeting on hopes of demand recovery. On Monday, Brent Crude jumped 1.5 per cent to $ 78.98 a barrel, and WTI Crude added 1.2 per cent to $ 76.08 a barrel.
This morning in Asia, the major markets were mostly up. Nikkei and Taiwan Weighted index were up 1.5 per cent and 1 per cent, respectively. Straits Times had advanced 0.7 per cent, and Hang Seng had added 0.3 per cent. However, Shanghai Composite and Kospi were down 0.1 per cent each.
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