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Thursday, January 27, 2022

Market Highlights: Sensex gains 143 points, Nifty ends above 17,800-mark led by banks, FMCG stocks

Share Market, Stock Market Highlights: The S&P BSE Sensex ended at 59,744.65, up 142.81 points (0.24 per cent), while the Nifty 50 settled at 17,812.70, up 66.80 points (0.38 per cent).

By: Express Web Desk | New Delhi |
Updated: January 7, 2022 4:58:27 pm
Bombay Stock Exchange building. (Express archive photo)

Share/Stock Highlights: The topline equity indices on the BSE and National Stock Exchange (NSE) ended with slight gains after a largely rangebound session on Friday led by gains in banking and fast-moving consumer goods companies, although gains were capped due to a surge in coronavirus cases and related restrictions.

The S&P BSE Sensex rose 142.81 points (0.24 per cent) to end at 59,744.65 while the Nifty 50 climbed 66.80 points (0.38 per cent) to settle at 17,812.70.

On the Sensex pack, Asian Paints, Tata Consultancy Services (TCS), Nestle India, Ultratech Cement, ICICI Bank and Hindustan Unilever were the top gainers. On the other hand, Bajaj Finserv, Mahindra & Mahindra (M&M), Larsen & Toubro, Bajaj Finance, Housing Development Finance Corporation (HDFC) and Titan Company were the top laggards of the day.

Among sectoral indices, the Nifty Bank index rose 0.67 per cent led by AU Small Finance Bank and Bandhan Bank. Likewise, the Nifty FMCG too climbed 0.64 per cent aided by Tata Consumer Products and Britannia Industries.

(with inputs from agencies)

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16:02 (IST)07 Jan 2022
MARKET QUOTE | Deepak Jasani, Head of Retail Research at HDFC Securities

"On a day when the volumes on the NSE were higher than recent averages, Oil & gas, Metals and FMCG indices rose the most while Capital Goods, Telecom and Healthcare lost the most. BSE Midcap index rose 0.54% while Smallcap index rose 0.43%.

Asian shares mostly rose on Friday, snapping two days of losses as investors waited to see if U.S. payroll numbers alters the pace of interest rate hikes expected from the Federal Reserve this year. European bourses open mostly flat to higher on the day but quickly edged into negative territory, with investor focusing on inflation data for the euro zone and U.S. jobs data due later in the day for clues on the pace of policy tightening.

Nifty logged the best week in 4 months rising 2.6%. Nifty on daily charts however has formed a long legged doji with slightly upward bias. Volume pickup and positive advance decline ratio portend well for the near term. 17944-17655 could be the range for the Nifty in the near term."

15:34 (IST)07 Jan 2022
Equity markets at close

The S&P BSE Sensex ended at 59,744.65, up 142.81 points or 0.24 per cent, while the Nifty 50 settled at 17,812.70, up 66.80 points or 0.38 per cent.

11:51 (IST)07 Jan 2022
HCL Tech completes acquisition of 51% stake in Gesellschaft für Banksysteme GmbH

HCL Technologies on Thursday said it has completed the acquisition of a 51 per cent stake in German IT consulting company Gesellschaft für Banksysteme GmbH (GBS).

In December, HCL Technologies had announced that it will acquire 51 per cent stake in GBS. Click here to read

10:48 (IST)07 Jan 2022
Rupee gains 11 paise to 74.31 against US dollar in early trade

The rupee appreciated by 11 paise to 74.31 against the US dollar in opening trade on Friday, tracking gains in domestic equity markets.

At the interbank foreign exchange, the rupee opened up at 74.41 against the American dollar, then inched higher to 74.31, registering a rise of 11 paise from the last close. In the previous session, the rupee settled at 74.42 against the US dollar.


10:28 (IST)07 Jan 2022
Omicron hit on GDP to be not over 5-10 bps: DPIIT Secy

The government expects that the Covid wave brought on by the spread of the Omicron variant of coronavirus will not have a negative impact on economic growth of more than 5-10 basis points, Anurag Jain, Secretary, Department of Promotion of Industry and Internal Trade (DPIIT) said on Thursday.

“We are reasonably confident that in the most probable case, a small blip which may give a 5-10 basis point difference in growth but otherwise we do not expect a lot of problems due to Omicron on the economic front,” he said. Click here to read

10:00 (IST)07 Jan 2022
Global market update

Asian shares snapped two days of losses on Friday, climbing as investors waited to see whether U.S. jobs data due later in the day would reinforce the need for faster U.S. interest rate hikes.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3%, boosted by a 1.2% gain in the Australian benchmark where bank stocks were to the fore, though Japan's Nikkei gave up early gains to slip 0.66%.

Nasdaq futures rose as much as 0.5% in earlier Asian trading before giving up some gains to trade 0.25% higher, and S&P 500 e-mini stock futures advanced 0.17%.


09:57 (IST)07 Jan 2022
Equity market at open

Sensex rises 335.30 points to 59,937.14 in early trade; Nifty gains 101.80 points to 17,847.70.


The frontline indices on the BSE and National Stock Exchange (NSE) snapped out of a four-day winning streak and ended around 1 per cent lower on Thursday amid weak global cues following a hawkish stance by the US Federal Reserve and sharp spike in daily Covid cases in the country.

The S&P BSE Sensex crashed 621.31 points (1.03 per cent) to end below the 60,000-mark at 59,601.84 while the Nifty 50 fell 179.35 points (1.00 per cent) to settle at 17,745.90.

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