MARKETS: Benchmarks exhibit lacklustre moves; over 500 stocks at 52-wk high

Markets at 02:30 PM

LIVE market updates: The key benchmark indices continued to display sideways movement, with IT and select index heavyweights support the up move, while financial shares witnessing some selling pressure.

The BSE Sensex so far in the day had moved in a narrow band of less than 300-points, from a low of 61,108, the index touched a high of 61,385, and was up 95 points at 61,318, and the NSE Nifty had gained 54 points at 18,310.

In the broader markets, shares of Adani Enterprises, Adani Green Energy, Tata Communications, SBI Life Insurance, Astral and Prestige Estates Projects were among the 28 stocks from the S&P BSE 500 index, to hit an all-time high on the BSE in Monday’s intra-day trade so far. READ MORE

That apart, 501 stocks were trading at fresh 52-week highs, while 7 stocks registered a new 52-week low in trades so far on the BSE on Monday. Also, 704 stocks were locked at the respective upper limits, while 295 stocks had hit the lower circuiit.

Among sectoral indices, the BSE Auto index had surged 2 per cent. The Power index had vaulted 1.5 per cent, and the Realty index was up a per cent. Wheresas, the Healthcare index was down over 0.5 per cent.

Elsewhere in Asia the major markets were mixed. Nikkei and Taiwan gained 0.7 per cent each. Shanghai too was up 0.6 per cent. Straits Times was up 0.1 per cent. On the flip side, Kospi had slipped 1.1 per cent, and Hang Seng was down 0.7 per cent.

The major markets in Europe had opened on a positive note, the FTSE 100 had jumped 0.7 per cent. The DAX 30 and CAC 40 were up 0.3 per cent and 0.4 per cent, respectively. Meanwhile, the Dow futures were up 0.1 per cent, while Nasdaq futures were down 0.1 per cent.
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Markets at Lunch (01:30 PM)

LIVE market updates: The key benchmark indices continue to hold marginal gains, supported by steady gains in Bharti Airtel, SBI and IT stocks.

The BSE Sensex was up 57 points at 61,280, and the NSE Nifty had added 41 points to 18,297.

Maruti was the biggest per centage gainer among the Sensex 30 shares so far, up 2.4 per cent at Rs 8,275. Bharti Airtel, SBI, ITC, Mahindra & Mahindra, TCS, Wipro, NTPC and Tata Steel were the other prominent gaienrs, up 1-2 per cent each.

Whereas, HCL Technologies continued to languish at lower levels, down 5.7 per cent at Rs 1,261. Axis Bank, HDFC Bank and Asian Paints were the other notable loser.



The broader markets continue to outperform - the BSE Midcap and Smallcap indices were up 0.3 per cent and 0.8 per cent, respectively. The overall breadth too was fairly positive with 2,281 shares advancing versus 1,239 stocks declining on the BSE so far.

In the broader markets, Alok Textiles has zoomed nearly 18 per cent. HSIL, OnMobile Global, Rajesh Exports, Dalmia Bharat Sugar, MMTC, HFCL, Gulf Oil Lubricants, Adani Green, Jindal Saw, Astra Microwave, Praj Industries, Raymond, Navneet Education, Greaves Cotton, Metro Brands, Salona Cotspin, Khaitan Chemicals, Precision Wires, Nectar Lifesciences, North Eastern Carrying Corporation, Ruby Mills, Ginni Filaments, Synergy Green, Nxt Digital, Murudeshwar Ceramics, Alpha Laboratories and JSW Ispat Special Products were the other major gainers.

On the other hand, Bhansali Engineering, Granules India, Hikal, Lal Path Labs, Tanla Platforms, Tejas Networks, India Cements, Jai Balaji Industries, NDR Auto Components, Future Enterprises, Anand Rayons, DCM Nouvelle, Rama Steel Tubes, Digjam, ANG Lifesciences, Sintex Plastics, Hilton Metal, Hexa Tradex, Shivam AutoTech, MEP Infrastructure and Cinevista were the other major losers.
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Markets at 12 noon

LIVE market updates: The benchmark indices were steady in mid-day deals holding mild gains. The BSE Sensex was 100 points higher at 61,323 and the NSE Nifty was at 18,303, higher by 47 points.

Select IT counters--Infosys, TCS, heavyweight RIL, followed by Maruti, SBI, HUL and Airtel continued to support the indices in holding their gains. On the Nifty, Here MotoCorp, ONGC and Bajaj Auto were the additional top gainers.

The broader markets, meanwhile, were outprforming the benchmarks. The BSE MidCap index was up 0.3 per cent, while the SmallCap index was up 0.7 per cent.

ALSO READ: Post Q3 results: Trading strategies for HCL Tech, HDFC Bank, Metro Brands

Among midcaps, Rajesh Exports, Amara Raja, Exide Ind, Supreme Ind, HAL, Oil India, Chola Finance and Aditya Birla Fashion were trading up between 2-10 per cent.

Rajesh Exports, Amara Raja, Exide Ind have submitted bids under the Rs 18,000 crore-worth PLI scheme of advanced chemistry cell battery storage.

Sectorally, the Auto index was still the biggest gainer, up 2 per cent. IT index, too, had recouped its morning losses and was now in the green zone. Metals, Pharma, and Banks on the NSE, meanwhile, were in the red zone leading losses.

Moreover, among stocks, shares of Tata Consultancy Services hit an all-time high of Rs 4,038.40, up 1.7 per cent on the BSE. In the past three sessions, the stock was up nearly 5 per cent, after TCS beat the Street estimates on growth for the quarter ended December 2021 (Q3FY22).READ MORE.

That apart, shares of ace investor Rakesh Jhunjhunwala-backed Metro Brands surged 20 per cent to Rs 608.20 on the BSE after the footwear company reported strong earnings for the quarter ended December 2021 (Q3FY22). READ MORE.
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Markets at 11 AM

LIVE market updates: The benchmark indices were seen slighlty edging higher in morning deals. The BSE Sensex was 123 points up at 61,346, while the NSE Nifty50 was at 18,302, higher by 46 points. The two indices were now higher by up to 0.3 per cent.

The support was majorly coming from gains in Infosys, TCS, RIL, SBI, Wipro, Maruti, HUL and Airtel, up between 0.7-3 per cent.

Meanwhile, HCL Tech, HDFC Bank, Tata Steel, Dr Reddy's, and HDFC continued to be major losers,.

Among sectors, auto stocks were the outperformers. The Nifty Auto index, up nearly 2 per cent was the top gainer.

HeroMoto Corp, Exide, Amara Raja, Tata motors, Bajaj Auto, Maruti, Ashok Leyland, M&m, Bosch, Eicher were trading up between 1-5 per cent on the NSE.

A number of developments on the sector took place over the weekend supporting the strong momentum for the segment.

As per the new Delhi government mandate, aggregators and delivery services would have to ensure that 10 per cent of all new two-wheelers and five per cent of all new four-wheelers are electric vehicles in the next three months. They would also have to ensure that 50 per cent of all new two-wheelers and 25 per cent of all new four-wheelers are electric by March 2023.

Further, RIL subsidiary Reliance New Energy Solar, Amara Raja Batteries, Exide Industries, M&M and L&T are among the 10 firms that have submitted bids under the Rs 18,100 crore production linked incentive (PLI) scheme for Advanced Chemistry Cell (ACC) battery storage, the government said on Saturday.

Moreover, Maruti Suzuki was up the top gainer on the bourses, up over 2 per cent. The company on Saturday said it has increased prices of its models by up to 4.3 per cent with immediate effect to partially offset the impact of the rise in input costs.

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, Maruti, SBI, Infosys, Bajaj Finserv, ICICI Bank, PowerGrid, HDFC Bank and RIL were the top gainers. On the Nifty, Hero MotoCorp, Tata Motors, ONGC and BPCL were the additional gainers.

On the downside, HCL Tech was the biggest loser, down over 6 per cent on the NSE. The IT major had reported its Q3 results over the weekend. While, it met street expectations on quarterly revenue and profit. On a yearly basis, the company's PAT fell 13 per cent.

Ultratech Cement, too, was down 1.5 per cent ahead of its Q3 results today. Other major losers included Asian Paints, Axis Bank, HUL, Tata Steel, Sun Pharma, Dr Reddy's, Titan and HDFC Bank.

Sectorally, apart from IT, Pharma, Metals, all NSE indices were in the green led by auto and banks. The Nifty Auto index was up 1.5 per cent, leading the gains.

LIVE market updates: The benchmark indices were seen muted in the pre-open trades. The BSE Sensex was down 72 points at 61,150, while the NSE Nifty was lower by 25 points at 18,230.

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Auto stocks may also be eyed as according to a new Delhi government mandate, aggregators and delivery services would have to ensure that 10 per cent of all new two-wheelers and five per cent of all new four-wheelers are electric vehicles in the next three months.

Further, six airbags have been made mandatory in all cars sold from October 1.

Global cues

The US markets ended on a mixed note on Friday. The Dow Jones was down 0.6 per cent, while the S&P 500 and Nasdaq moved up 0.1 per cent and 0.6 per cent higher, respectively. Tonight, the markets will be shut for Martin Luther King, Jr. Day, holiday.

Meanwhile, oil prices surged on Friday amid supply constraints and worries over the on-going Russian-Ukraine conflict. Brent Crude vaulted 1.9 per cent to $86.06 a barrel, and WTI Crude added 2.1 per cent to $83.82 a barrel.

This morning most of the major Asian markets were seen holding gains. Japan’s Nikkei had advanced 0.9 per cent. Straits Times and Taiwan had gained 0.4 per cent each. Kospi, however, had slipped 1.1 per cent.