Nifty at 15,100 & Sensex hits 51,300; M&M captures market

Domestic equity markets began the day’s trade at fresh all-time highs. Sensex reached 51,326 for the first time ever while Nifty 50 was trading above 15,000. Mahindra & Mahindra was the top Sensex gainer, surging 7%, followed by SBI, Axis Bank, and ICICI Bank. NTPC and Bajaj Auto were the only two Sensex stocks in the red. Volatility was up 2,69% even though stock markets were surging higher. Broader markets followed.

Nifty futures were trading 87 points or 0.58% higher at 15,029.50 on Singaporean Exchange, indicating a positive start for BSE Sensex and Nifty 50 on the first day of the week.

At 09:02 AM, Nifty breached 15,100 in the pre-open session on Monday while Sensex was just below 51,000. However, Sensex began the day’s trade above 51,200 levels for the first time ever as it reached a fresh all-time high. Nifty started trading above 15,100. Mahindra and Mahindra shares surged 5%. Sensex continued to climb higher on Monday morning and was soon at 51,300. All Sensex constituents, except Bajaj Auto and NTPC, were up in the green.

Top Gainers:

  1. Mahindra & Mahindra
  2. GAIL
  3. Axis Bank
  4. Hindalco
  5. ICICI  Bank

Top Losers:

  1. Divis Labs
  2. Britannica
  3. UPL
  4. NTPC
  5. Cipla

Most Active Stocks:

  1. SBI
  2. M&M
  3. Tata Motors
  4. Divis Labs
  5. Reliance

A total of 140 companies including BPCL, Aditya Birla Fashion, AstraZeneca Pharma, Balkrishna Industries, Bombay Dyeing, Godrej Consumer Products, NMDC, Redington India, Sun Pharma Advanced Research Company, Sun TV Network, Torrent Pharmaceuticals, Usha Martin and Vakrangee, among others are slated to announce their quarterly earnings on February 8.

What’s happening in the market on 8 February 2021:

  • Mahindra and Mahindra shares jump 10%

    Shares of Mahindra & Mahindra surged 10% to hit the upper circuit on Monday morning. Stocks jumped from opening at Rs 888 per share to Rs 952 apiece.

  • Maruti Suzuki up 1.3%
    The carmaker’s total production declined to 160,000 units in January down 10% year-on-year. The company produced 179,000 units in January 2020.

  • Gold prices fall in Indian markets
    Gold and silver prices edged lower in Indian markets on Monday after a strong surge in the previous session. On MCX, gold futures fell 0.12% to 47,200 per 10 gram in their fifth fall in six sessions. Silver futures edged 0.2% lower to 68,593 per kg. Gold prices have been very volatile this year after hitting a record high of 56,200 in August last year.

  • Sensex above 51k led by banks
    Sensex was 532 points higher at 51,264, while the Nifty was up 1% at 15,065. Banks were the lead gainers, while Bajaj Auto and NTPC lagged.

  • Indian markets likely to surge further
    Indian markets are likely to continue their uptrend on Monday following a strong performance in Asian equities. Asian shares hovered near record highs on Monday while oil edged closer to $60 a barrel on hopes a $1.9 trillion covid-19 aid package will be passed by US lawmakers as soon as this month just as coronavirus vaccines are being rolled out globally.

  • FIIs buy Rs 1,462 crore worth stocks
    Net-net, foreign portfolio investors (FPIs) were buyers of domestic stocks to the tune of Rs 1,461.71 crore, data available with NSE suggested. DIIs were net sellers to the tune of Rs 1,418.65 crore, data suggests.

  • Rupee rises 3 paise to 72.93 post RBI rate decision
    The rupee gained 3 paise to settle at 72.93 against the US dollar on Friday after the Reserve Bank kept the policy rate unchanged but maintained its accommodative stance to spur growth. At the interbank forex market, the local unit opened at 72.98 against the greenback and witnessed an intra-day high of 72.80 and a low of 72.99.
  • Brent nears $60 a barrel on supply cuts
    Oil prices rose on Monday, with Brent futures nearing $60 a barrel, boosted by supply cuts among key producers and hopes for further US economic stimulus measures to boost demand.
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