Indian benchmark share indices opened higher on Monday led by gains in HDFC twins, Infosys and ICICI Bank amid firm cues from global markets. Sensex opened at 51,907.75, up 363.45 points or 0.71% and even touched 52K for the first time, while Nifty advanced 107 points or 0.71% at 15,270.30.
IndusInd Bank, opening over 2% higher, was the top Sensex gainer followed by HDFC Bank, Axis Bank and ICICI Bank. M&M, ONGC, TechM and Power Grid were among the laggards. In today’s upbeat trade, ICICI Bank, Housing Development Finance Corporation (HDFC), IRFC stocks touched new 52-week highs. All the Nifty sectoral indices were trading higher. Nifty Bank, Nifty Financial Services, Nifty Private Bank and Nifty Realty indices hit fresh 52-week highs.
The Rs 100-crore Nureca Ltd initial public offering (IPO) is scheduled to open for subscription today in the price band of Rs 396-400 apiece. On Friday, the company raised Rs 44.55 crore from two anchor investors – Nexpact Ltd and Next Orbit Ventures Fund. Nureca IPO will close for subscription on February 17, 2021. The bids for the public issue can be made for a minimum of 35 equity shares and in multiples thereafter.
Today’s highlights of the market:
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Vodafone Idea Q3 net loss narrows to ₹4,532 crore
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Lupin unit recall products in the US market
- Nifty Bank gains the most among sectoral indices with 1.66% rise
- Gold price today rises close to Rs 47,400; silver inches towards Rs 70,000
- Srei Infra tanks after company posts Rs 3,810-crore loss in Q3
- IndusInd Bank, HDFC Bank, Kotak Mahindra Bank top Nifty gainers, up over 2% each
- Asian markets hit all-time highs
- Oil rises on fears of heightened tensions in the Middle East
- DIIs sell Rs 598 crore worth of stocks
- Rupee darts up 12 paise to 72.75 against the dollar
“The Nifty has opened the week with a gap up and is headed to its next target of 15500. We have good support for the index at 15100 and until that does not break on a closing basis, we can buy on dips or intraday corrections. Traders are advised to maintain stops and book profits at regular intervals,” said Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments.