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Equities settle in green; Nifty IT, realty top gainers
After a continuous sell-off in the past three months, foreign portfolio investors returned into the equity market and have turned net buyers in the first week of January. FPIs returning into the market also kept equity markets buoyed in 2022. The Sensex and Nifty settled at 60,616 points and 18,055 points, up 0.4 per cent and 0.3 per cent from their previous close, respectively.
Equities settle positive on firm earning prospects, return of FPIs in January
"Amid weak global markets and rising Covid cases, the domestic market displayed strong momentum on expectations of a healthy start to the earnings season. PSU Banks led the sectorial rally as reports suggested an increase in FPI limits while the realty sector followed the trend on robust sales numbers and expectations of support measures in the upcoming budget," said Vinod Nair, Head Of Research at Geojit Financial Services.
Market Outlook: Resurgent Covid to counter Q3FY22 results positive effect on equities
However, global cues such as high crude oil prices, combined with the direction of foreign fund flows and the rising surge in domestic Covid cases will impact investors' risk-taking appetite. "A gradual pick up in volumes including from FIIs and DIIs along with stable domestic cues and release of advanced estimates of a rise in FY22 GDP by 9.2 per cent portend well for the near term," said Deepak Jasani, Head of Retail Research, HDFC securities.
Omicron Blow: Rupee expected to weaken on inflation, infection woes
Besides, persistently high energy costs could subdue the rupee bulls. However, re-commencement of FIIs inflows will arrest any major fall in rupee's value vis-a-vis the US dollar. "Rising trade deficit as well as concerns over US Fed's taper measures and rising yields can put pressure on rupee in coming year," said Sajal Gupta, Head, Forex and Rates at Edelweiss Securities.
Equities settle marginally high on Friday; Nifty oil & gas top gainer
The Sensex and Nifty settled at 59,744 points and 17,812 points, up 0.2 per cent and 0.4 per cent from their previous close, respectively. On Friday, the Nifty oil and gas index jumped sharply during the session, NSE data showed. On the stocks front, Grasim Industries, ONGC, Hindalco, HDFC Life, and Shree Cement rose the most, rallying 4.6 per cent, 4.2 per cent, 2.9 per cent, 2.3 per cent, and 1.9 per cent, respectively.
Indian equities settle in red on rising Covid caseload
The Sensex and Nifty settled at 59,601 points and 17,748 points, respectively, down 1.03 per cent and 0.99 per cent from their previous close, respectively. Barring a few sectoral indices such as consumer durables, PSU bank, media and auto, rest tanked during the session, NSE data showed. On the stocks front, JSW Steel, Ultratech Cement, Shree Cement, Tech Mahindra, and Adani Ports stocks declined the most, falling 3.0 per cent, 2.7 per cent, 2.6 per cent, 2.5 per cent, and 2.1 per cent, respectively.
Equities decline in early trade on profit booking
At 9.30 a.m., Sensex traded at 59,818 points, down 0.1 per cent from its previous close of 59,855 points. It opened at 59,921 points. Similarly, Nifty traded at 17,781 points, down 0.1 per cent from the previous close of 17,805 points. It opened at 17,681 points. Among the stocks, Tech Mahindra, HCL Technologies, Avenue Supermarts, Infosys, Interglobe Aviation were some of the top losers during the early trade, exchange data showed.
Equities settle in green; Sensex breaches 60K level
Accordingly, Sensex and Nifty settled at 60,223 points and 17,925 points, up 0.6 per cent and 0.7 per cent, respectively, from their previous close. On Wednesday, banking, financial services, oil and gas, and realty stocks rose the most. Among the stocks, Bajaj Finserv, Bajaj Finance, Kotak Mahindra Bank, JSW Steel, Grasim rallied the most, rising 5.0 per cent, 4.4 per cent, 3.5 per cent, 3.4 per cent, 3.1 per cent, respectively, data showed.
Rising Covid cases likely to dampen equity market in New Year
In the past few days, due to increasing caseload several states have brought in some sort of restrictions, curfews, closure of select activities. "Now onwards the rise could be slower in the new year when all players will return to their trading desks, 17,161 points is a support in the near term while 17,405-17,534 band could provide resistance," said Deepak Jasani, Head of Retail Research at HDFC Securities.
Equities settle positive with all sectoral indices up
The Sensex and Nifty settled at 57,897 points and 17,233 points, respectively, up 0.83 per cent and 0.86 per cent from their previous close, respectively. Accordingly, all sectoral indices rallied during the day's trade, NSE data showed. Nifty auto and Nifty consumer durables rose the most. Among the stocks, Sun Pharma, Asian Paints, Mahindra & Mahindra, Ultra Cement, and NTPC were some of the top gainers, rising 3.1 per cent, 2.8 per cent.
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