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Monday, January 17, 2022

Market Highlights: Sensex climbs 477 points higher, Nifty ends above 17,200-mark aided by autos, IT, pharma stocks

Share Market, Stock Market Highlights: The S&P BSE Sensex ended at 57,897.48, up 477.24 points (0.83 per cent), while the Nifty 50 settled at 17,233.25, up 147.00 points (0.86 per cent).

By: Express Web Desk | New Delhi |
Updated: December 28, 2021 4:12:46 pm
stock market, sensex live, sensex share pricePeople stand outside the Bombay Stock Exchange (BSE), after Sensex surpassed the 60,000 level for the first time, in Mumbai, India, September 24, 2021. (REUTERS/File Photo)

Share/Stock Highlights: The frontline equity indices on the BSE and National Stock Exchange (NSE) ended higher for the second consecutive day, rising nearly 1 per cent on Tuesday led by the automobile, information technology (IT), pharmaceutical and metal stocks amid a positive trend in global markets.

The S&P BSE Sensex surged 477.24 points (0.83 per cent) to end at 57,897.48 while the Nifty 50 rose 147.00 points (0.86 per cent) to settle at 17,233.25.

On the Sensex pack, Asian Paints was the top gainer of the day rising 2.85 per cent, followed by Sun Pharmaceutical Industries, Mahindra & Mahindra (M&M), Ultratech Cement, Titan Company and NTPC. IndusInd Bank and Power Grid Corporation of India were the only two losers on Tuesday.

Among sectoral indices, Nifty Auto index climbed 1.34 per cent driven by gains in Exide Industries and Balkrishna Industries. The Nifty IT index rose 0.97 per cent led by MphasiS and Larsen & Toubro Infotech. Apart from this, Nifty Pharma index inched up 0.92 per cent due to a rise in Strides Pharma Science and Sun Pharma. The Nifty Metal index too grew 0.90 per cent aided by Hindustan Copper and Coal India.

(with inputs from agencies)

Live Blog

Stocks, BSE Sensex, NSE Nifty, Crude oil prices, gold, silver prices, commodity market and money markets LIVE updates:

15:40 (IST)28 Dec 2021
MARKET QUOTE | S Ranganathan, Head of Research at LKP Securities on Tuesday's market performance

"Indices remained positive and closed in the green today with most of the sectoral indices ending higher. Advance- Decline ratio was very favorable as investors sought to accumulate high quality Midcap names across sectors as well as Textile Exporters in Afternoon Trade. CY 2021 saw the Bank Nifty under-perform the Nifty-500 by over 15% despite earnings upgrades as the street worried on the likely disruption by Fintechs on digital lending & payments"

15:33 (IST)28 Dec 2021
Equity markets at close

The S&P BSE Sensex ended at 57,897.48, up 477.24 points or 0.83 per cent, while the Nifty 50 settled at 17,233.25, up 147.00 points or 0.86 per cent.

12:03 (IST)28 Dec 2021
CMS Info Systems IPO share allotment: Here’s how to check online

The initial public offering (IPO) of cash management company CMS Info Systems was subscribed 1.95 times over the 3.75 crore shares that were on offer during the subscription period from December 21-23, 2021. The price band was fixed at Rs 205-216 per share.

Investors are now looking forward to the share allotment date of the CMS Info Systems IPO. The company is supposed to finalise the allotment by Tuesday, December 28, 2021, as per the timeline provided in the red herring prospectus (RHP). In case you have applied for the CMS Info Systems IPO, then here is how you can check the status of your allotment when it gets declared

10:50 (IST)28 Dec 2021
Rupee gains 12 paise to 74.88 against US dollar in early trade

The rupee appreciated 12 paise to 74.88 against the US dollar in opening trade on Tuesday, tracking gains in domestic equity markets.

At the interbank foreign exchange, the rupee opened strong at 74.95 against the American dollar, then inched higher to 74.88, registering a rise of 12 paise from the last close. The rupee on Monday appreciated 3 paise to nearly four-week high of 75 against the US dollar.

(PTI)

10:45 (IST)28 Dec 2021
Supriya Lifescience shares list at 55% premium over issue price

Shares of API manufacturer Supriya Lifescience debuted on a strong note and got listed at a premium of 55 per cent from their issue price in the stock exchanges today.

The scrip got listed at Rs 425.00 apiece on the BSE, thereby registering a gain of 55.11 per cent from its offer price of Rs 274.00, while on the National Stock Exchange (NSE), it opened at Rs 421.00, up 53.65 per cent from the issue price. Click here to read

10:01 (IST)28 Dec 2021
Global market update

Asian shares gained on Tuesday, cruising in the slipstream of another record-setting day on Wall Street amid strong retail figures, while the safe-haven yen lost ground as traders stayed in riskier currencies and asset classes like equities.

A variety of asset classes from oil to Japan's Nikkei Stock Average are now trading at around one-month highs, having walked back losses from late November when the Omicron variant of COVID-19 first emerged and sent investors scurrying for safe havens.

As the worst fears of the impact of the new variant have subsided, investors have been returning to risk assets.

On Tuesday, Japan's Nikkei gained 1.1%, and touched its highest since Nov. 26, while MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.23%. Recent losses by index heavyweights like Alibaba and Tencent mean the broad benchmark is still well off its late November levels.

(Reuters)

09:54 (IST)28 Dec 2021
Equity market at open

Sensex jumps 320.31 pts to 57,740.55 in opening session, Nifty surges 94.70 pts to 17,180.95.

(PTI)

The benchmark equity indices on the BSE and National Stock Exchange (NSE) ended around 0.5 per cent higher on Monday aided by gains in pharmaceutical, financial and information technology (IT) stocks amid a largely positive trend in global markets.

The S&P BSE Sensex surged 295.93 points (0.52 per cent) to end at 57,420.24 while the Nifty 50 rose 82.50 points (0.49 per cent) to settle at 17,086.25.

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