By Aamar Deo Singh
Mumbai- 16th December 2020:Indian indices end at fresh record high; Nifty above 13,600, Sensex gains over 400 points – Benchmark indices ended higher as Nifty and Sensex closed at a new record high with gains led by metals, pharma, auto, and realty stocks.
Nifty went up by 0.85% or 114.85 points and closed above the 13,600-mark at 13,682.70, while S&P BSE Sensex surged by 0.87% or 403.29 points and closed at 46,666.46. Around 1,801 shares advanced, 1,129 shares declined, while 164 shares remained unchanged.
HDFC (2.75%), Hindalco (2.84%), Titan (2.06%), Divis Laboratories (2.59%) and ONGC (2.59%) were among top Nifty gainers while ICICI Bank (1.07%), UltraTech Cement (0.83%), NTPC (0.66%), GAIL (0.68%) and Tech Mahindra (0.60%) were among top Nifty losers.
All of the sectoral indices except PSU Bank ended in the green with majority gains led by the metal and auto sector. BSE Midcap and BSE Smallcap went up by 0.87% and 0.88%, respectively.
Ratnamani Metals and Tubes Ltd.
Stocks of Ratnamani Metals went down by 0.92% and traded at Rs. 1,596.95 despite the company winning a domestic order worth Rs. 105 crores. The order received is for coated carbon steel pipes from the Oil and Gas sector.
Lupin Ltd.
Lupin limited stocks surged by 1.86% and traded at Rs. 962.00 after the company announced that its dispute with the seller in the Gavis/Novel transaction was resolved.
H.G. Infra Engineering bagged an order after which the company’s shares surged by 5.37% and traded at Rs. 234.45. The company today was declared as an L-1 bidder by Ircon International Ltd.
The enterprise posted a consolidated net loss of Rs. 283.6 crores against a profit of Rs. Seventeen crores and a revenue of Rs. Two hundred thirty-eight crores against the revenue of Rs. 1700 crores. Despite the loss, the stocks of the company traded higher by 1.32% at Rs. 11.55.
Stocks of Punjab National Bank tripped down by 6.03% and traded at Rs. 38.15 after the bank’s QIP opened with the floor price at Rs. 37.35 per share. The bank aims to raise Rs—7,000 crores through its QIP.
Stocks of M&M Limited traded higher by 1.88% at Rs. 731.45 after the company raised the price of its passenger and commercial vehicles across models.
Indian Rupee
Indian rupee ended marginally higher at Rs. 73.85 against the U.S. Dollar amid buying seen in the domestic equity markets.
Global Market Trade Positive
Optimism about a potential government stimulus to protect the economy from the coronavirus pandemic resulted in NASDAQ closing at a record high by 1.25%. FTSE MIB and FTSE 100 rose by 0.85% and 1.12%, respectively. On the other hand, Nikkei 225 and Hang Seng went up by 0.26% and 0.97%, respectively.
Aamar Deo Singh, Head Advisory, Angel Broking Ltd in conversation with Prittle Prattle News through Press Release
