5 min read . Updated: 29 Dec 2020, 11:47 AM IST
- Benchmark indices Sensex and Nifty continued their record-setting spree on Tuesday morning as investor sentiment remained upbeat amid positive domestic as well as global cues.
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29 Dec 2020, 11:47:51 AM IST
Reliance Capital falls 3%
Debt-ridden firm Reliance Capital on Monday objected to the proposed 33.12% stake sale of Prime Focus Ltd (PFL) by Credit Suisse to PFL’s promoter group at ₹44.15 per share.
Anil Ambani’s Reliance Group company Reliance Capital in a statement termed the proposed transaction as a blatant abuse of the purported rights by Credit Suisse under certain lending agreements with the RCAP Group.
29 Dec 2020, 11:30:13 AM IST
Coal India drops 0.6%
State-owned Coal India Ltd (CIL) is constructing 21 railway sidings at an estimated investment of ₹3,370 crore in four of its subsidiaries, an effort towards strengthening its rail infrastructure. These railway sidings would be commissioned by FY’24.
29 Dec 2020, 11:18:06 AM IST
SpiceJet drops 0.4%
Air freight forwarder Skyways Air Services has joined hands with budget carrier SpiceJet for transporting covid-19 vaccine across India. Under the collaboration, Skyways will provide cold chain transportation and storage along with dedicated last-mile connectivity, while SpiceJet will provide connectivity across its pan-India network with full temperature mapping controls, a release said.
29 Dec 2020, 11:06:43 AM IST
Sensex pares opening gains
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29 Dec 2020, 10:59:43 AM IST
3i Infotech up 5%
IT firm 3i Infotech Ltd has entered into definitive agreements to sell its software products business to the funds advised by Apax Partners for ₹1,000 crore. The software products business will be acquired by a newly formed company named Azentio Software, wholly-owned by the Apax Funds, a statement said.
29 Dec 2020, 10:43:06 AM IST
Biocon falls 0.6%
Biotechnology major Biocon on Monday said it has launched Tacrolimus capsules, an immunosuppressant, in the US market. Tacrolimus is used in the treatment of organ transplant patients. The drug reduces the body’s ability to reject a transplanted organ.
29 Dec 2020, 10:31:15 AM IST
Rupee update
Rupee rises 8 paise to 73.41 against US dollar in early trade.
29 Dec 2020, 10:23:03 AM IST
Bajaj Auto hits ₹1 trillion in market capitalisation
Amid a surge in domestic equity markets, Bajaj Auto Ltd on Tuesday joined the elite club of companies with over ₹1 trillion in market capitalisation.
This is the third automobile company to have achieved the milestone, others being Maruti Suzuki India Ltd, the most valued auto company in India, and Mahindra & Mahindra Ltd.
29 Dec 2020, 10:13:26 AM IST
ICICI Bank up nearly 1%
Country’s largest insurer Life Insurance Corporation (LIC) has sold 2% stake in private sector lender ICICI Bank through open market transactions. The insurer sold 13.8 crore shares, representing 2.002% stake of ICICI Bank, over a period of November 27 to December 24, 2020, the bank said in a regulatory filing.
29 Dec 2020, 09:53:07 AM IST
Market outlook
“We have hit 13900 this morning and the 14000 mark should now be a mere formality to achieve. There is always a possibility for the markets to shy away from that level since its a psychological whole number! If we sustain 14000, we should look out for 14200. During the recent correction, the Nifty has made a good base at the 13100-13200 level. Until that does not break, we are in bullish territory,” Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments.
29 Dec 2020, 09:42:18 AM IST
HDFC twins, ICICI Bank lift Sensex by over 270 points
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29 Dec 2020, 09:28:38 AM IST
All sectoral indices on NSE in the green
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29 Dec 2020, 09:19:18 AM IST
Market opening
Indian benchmark share indices opened at record highs on Tuesday tracking firm cues from global peers. Sensex opened at 47,466.62, up 112.87 or 0.24%, while Nifty advanced 37.15 points or 0.27% at 13,910.35.
IndusInd Bank, up about 2%, was the top Sensex gainer followed by Axis Bank, Bajaj Auto and SBI. Asian Paints and TechM were the only laggards on the 30-share barometer.
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29 Dec 2020, 09:08:27 AM IST
Market pre-opening
Indian stocks traded higher in the pre-opening session on Tuesday. At 9:05am, Sensex was at 47,494.29, up 140.54 points or 0.30%, while Nifty advanced 30.90 points or 0.22% at 13,904.10.
29 Dec 2020, 08:58:49 AM IST
Investor wealth rise ₹8.22 lakh cr in four trading sessions
In four trading sessions, investor wealth jumped ₹8.22 lakh crore as markets continued their rally with the benchmark indices recording life time peaks on Monday. The BSE benchmark index Sensex settled 380.21 points higher at its all-time closing high of 47,353.75 on Monday. The index also scaled its fresh record intra-day peak of 47,406.72. In the previous trade on Thursday, the 30-share index had surged 529.36 points or 1.14% to close at 46,973.54. Equity markets were closed on Friday for Christmas. In four consecutive trading days of gains, the benchmark index has jumped 1,799.79 points or 3.95%. Following the upbeat sentiment, the market capitalisation of BSE-listed companies have gained ₹8,22,841.6 crore to ₹1,87,02,164.65 crore in the four trading sessions.
29 Dec 2020, 08:55:13 AM IST
Stocks to Watch
ICICI Bank, Biocon, PNB, 3i Infotech, SpiceJet and Coal India are among top ten stocks that may be in focus today. (Full report)
29 Dec 2020, 08:53:32 AM IST
Markets at close on Monday
Extending gains for the fourth straight session, key stock indices Sensex and Nifty raced to new peaks on Monday in line with broad-based rally in global equities as investors cheered a $2.3 trillion US stimulus package and last-minute Brexit deal.
The benchmark index Sensex settled up by 380.21 points or 0.81% at its all-time closing high of 47,353.75. The index also scaled its fresh record intra-day peak of 47,406.72 on the back of gains in banking and energy stocks. The NSE Nifty ended 123.95 points or 0.90% up at new closing high of 13,873.20. It also touched its all-time intra-day high of 13,885.30.
29 Dec 2020, 08:44:26 AM IST
Most Asia markets advance
Asian markets mostly rose Tuesday following a record-breaking lead from Wall Street as investors cheered the passage of a huge US stimulus bill, which has helped temper fears about surging coronavirus infections and a new, fast-spreading strain of the disease.
Japan’s Nikkei 225 added 1.6%
Hong Kong’s Hang Seng advanced 0.8%, while China’s Shanghai Composite was little changed.
Singapore’s SGX Nifty was up nearly 1%.
29 Dec 2020, 08:44:26 AM IST
Wall Street climbs to record as fiscal aid bill signed
US stocks rallied on Monday, with each of Wall Street’s main indexes closing at record levels as President Donald Trump’s signing of a long-awaited $2.3 trillion pandemic aid bill increased optimism for an economic recovery.
The Dow Jones Industrial Average rose 204.1 points, or 0.68%, to 30,403.97, the S&P 500 gained 32.3 points, or 0.87%, to 3,735.36 and the Nasdaq Composite added 94.69 points, or 0.74%, to 12,899.42.
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