All sectoral indices except Nifty Bank and Nifty private bank closed with gains. Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic equity markets ended the first trading session of 2021 with gains. S&P BSE Sensex ended 117 points higher at 47,868 while the 50-stock NSE Nifty closed above 14,000 for the first time ever. ITC and TCS gained over 2% each making them the top Sensex performers today. These were followed by Mahindra & Mahindra, State Bank of India, and Bharti Airtel, all gaining over 1% each. Midcap and Smallcap index outperformed the benchmarks. Volatility index was down 7%. Among sectoral indices, only Nifty Bank, Financial services and Private Bank index closed with losses.
Looking to begin the new year on the right foot, shares of Antony Waste Handling Cell made their stock market debut at a 36% premium to the IPO price of Rs 315 per share. Soon after listing the shares of the firm zoomed over 50%, hitting a high of Rs 489 per share. At the end of the day’s trade the debutant stock slipped from its opening price to close at Rs 405 per share.
Highlights
The first trading session of 2021 was not much different from the last few trading sessions of the previous year as Sensex and Nifty continued to climb higher in a similar fashion. S&P BSE Sensex now sits at 117 points higher at 47,868 points while Nifty was above 14,000 for the first time ever on closing. Midcap and Smallcap index outperformed the benchmarks. Volatility index was down 7%. Among sectoral indices, only Nifty Bank, Financial services and Private Bank index closed with losses.
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Sensex and Nifty closed the day's trading session with gains on Friday. Sensex gained 117 points while the 50-stock Nifty ended above 14,000 for the first time ever. Broader markets outperform.
Shares of the newest stock market participant, Antony Waste Handling Cell were trading in the red just ahead of the closing bell as the stock slipped below the opening price of Rs 430 to trade at Rs 405 apiece.
Sensex was trading with gains but was down from its intra-day highs. Nifty was just above 14,000.
With effect from Dec 2020, SEBI mandated collection of upfront margin from clients equal to the higher of peak margin or EOD margin in intraday as well as delivery. From the said date, brokers moved away from the EOD position to intraday peak margin for calculating the margin requirement. In Dec 2020, NSE retail / overall cash ADTV declined 2.5% / 10% MoM while NSE retail / overall derivative turnover changed -6.5% / +3% MoM. MCX ADTV came in at Rs300bn in December (down 9% MoM).
~ ICICI Securities
Sensex moved over 200 points higher on Friday while Nifty 50 reached a fresh high of 14,046.
India’s power consumption grew by 6.1 per cent to 107.3 billion units (BU) in December, showing spurt in economic activities, according to official data. Power consumption in December 2019 was 101.08 BU.
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Union Budget 2021-22 Expectations for Growth: Finance Minister Nirmala Sitharaman had said that she wants to see such a budget that is never seen in a 100 years, adding that the country is set to be an engine of global growth. However, the question is how would the government transfuse growth in the Indian economy, which has been contracting for the last two quarters?
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GST collections in the month of December touched a record high of Rs 1.15 lakh crore, said the Finance Ministry on Friday.
ICICI Bank was down 1.11%, followed by HUL, Titan and Power Grid, making them the top Sensex laggards at this hour.
Q2FY21 sales were down 33.4% YoY to Rs. 6,236cr. The company registered adjusted PAT decline of 20.8% YoY, reaching Rs. 919cr. EBITDA margin improved by 950bps YoY to 21.9%, primarily due to reduction in operating cost and effective commercial planning. Petronet LNG’s volume demand reaching pre-COVID levels, improvement in operational efficiency, and commissioning of the Kochi-Mangalore pipeline will boost performance in upcoming quarters. Hence, we reiterate our BUY rating on the stock with a revised target price of Rs. 327 based on 15.0x FY22E adj. EPS.
~ Geojit Financial Services
On Friday, BSE Midcap index and the BSE Smallcap index were outperforming the benchmark Sensex.
We would like to make this disclosure that some of our servers were subject to a hacking incident earlier this month. We were able to restore our systems in a very short span of time with minimal impact. There were some segments of data servers that were breached - so, there is a possibility that some internal documents may get uploaded by the hackers on public websites and platforms. We realise the seriousness of the issue, and are continuing to engage with all relevant experts and law enforcement to ensure that the incident is investigated in detail.
~ InterGlobe Aviation
Largest private domestic carrier, IndiGo on Thursday informed the bourses that several of its servers were hacked in the month of December last year.
The pandemic has made humans more dependent on technology, be it for working, shopping and now even for investing. Upside AI -- a SEBI registered Portfolio Management Service (PMS) is among the first funds in India to use machine learning to make fundamental investment decisions. The technology-focused fund believes that the next Warren Buffett would be Artificial Intelligence. Kanika Agarrwal, Co-founder and Chief Investment Officer, Upside AI in interaction with Kshitij Bhargava of Financial Express Online, discussed how their algorithm works and what it believes is in store for stock markets next. Here are the edited excerpts.
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"The 14.9 % returns from Nifty & 15.75 % returns from Sensex during 2020 conceals a lot of info like: Nifty recovered 84 % from the lows of March; Pharma index and IT index returned 61% & 55% respectively while the banking index delivered - 4 % returns with the PSU banking index delivering -30 % returns. As we start the 2021 journey two facts are important: One, abundant liquidity, low-interest rates & continuing capital flows are likely to support markets. Two, since valuations are at record highs, markets are vulnerable to corrections. Managing this contradiction would be the major challenge, going forward," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
Indian share market benchmarks BSE Sensex and Nifty 50 delivered a stellar performance in the calendar year 2020, mirroring the global equity markets. Following a fall of nearly 40 per cent during February-March 2020, the headline indices recouped all losses and are now ruling at record high levels. From the March low of 25,639, the 30-share Sensex climbed to an all-time high of 47,897 points. While Nifty 50 scaled a record high of 14,024.85, rallying nearly double from the COVID low of 7,511 in March. Nifty took 26 trading sessions to climb to 14,000 from 13,000 points; earlier, it took 32 sessions to reach 13,000 from 12,000 points.
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Antony Waste Handling Cell made its stock market debut today at Rs 430 per share, up 36.5% from its issue price of Rs 315. Minutes after listing, shares of Antony Waste added to gains and were trading at Rs 489 apiece. Antony Waste’s IPO was the last of the 15 issues that we witnessed in 2020. This was the second attempt made by the firm to get listed on the bourses. The earlier attempt at the beginning of 2020 had to be foiled owing to the sharp sell-off equity markets were witnessing in March. The market capitalization of Antony Waste Handling Cell on listing was over Rs 1,200 crore
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"We don't expect Antony Waste Handling Cell to do bumper listings like the last few IPOs like Mrs Bectors Food, Burger King India. We believe at good listing gain investors can book profit," said Keshav Lahoti, Associate Equity Analyst, Angel Broking Ltd.
Sensex, Nifty began trading for the first time in 2021 at their highest ever opening levels. Nifty breached 14,000 levels on opening.
Sensex gained 33 points during the pre-open session on Friday while the Nifty was just shy of 14,000.
Sensex recovered losses and was seen trading with gains during Friday's pre-open session. Nifty was hovering near 14,000.
Nifty zoomed past 14,000 in pre-open session while Sensex was trading flat with negative bias during Friday's pre-open session.
On Thursday Foreign Institutional Investors (FII) bought Rs 1,135 crore worth domestic securities while Domestic Institutional Investors (DII) sold securities wroth Rs 257 crore.
The first trading session of 2021 could start on a flat note with a positive bias as Nifty futures on the Singapore Exchange were trading flat on Friday morning. Dalal Street enters the new year on the back of a record-breaking gaining streak with Nifty 50 just having achieved 14,000 levels in the previous trading session. “The short term trend remains up, but is looking tired. Markets could therefore consolidate in a range for the next few sessions. Short term supports to watch for a trend reversal are at 13864,” said Subash Gangadharan, Technical and Derivative Analyst, HDFC Securities.
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Antony Waste Handling Cell share listing will happen on January 1, 2021 on BSE and NSE. The Rs 300-crore issue of the municipal solid waste management company was the last IPO of the calendar year 2020. Those who had placed bids for Antony Waste issue can now check their subscription status on the Link Intime India and BSE website.
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Equity investors grew richer by Rs 32.49 lakh crore in 2020 on the back of smart returns in the stock market which had a roller-coaster ride during the year hit by the coronavirus pandemic. The COVID-19 outbreak ravaged lives and livelihoods on a global scale, shuttering businesses and jolting world equities. But amid all the gloom, Indian stock indices gave hope of returning to winning ways towards the latter part of the year.
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