Share Market Highlights: Sensex, Nifty end flat after volatile trading session; M&M jumps 5.7%, SBI up 5%

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Updated: January 13, 2021 4:32:39 pm

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Among sectoral indices, only Nifty Realty, Nifty Pharma, and Nifty Financial Services closed in the red.

stocks in focus, yes bank, maruti suzukiAccording the market watchers, Indian stock markets are in overbought zone as Nifty 50 index closed the previous session with a P/E multiple of 38.92. Image: Reuters

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Sensex and Nifty closed the day’s trading session on flat note. S&P BSE Sensex ended 24 points lower to close at 49,492 while Nifty 50 ended above 14,550 as the broader index closed in the green. Dalal Street saw a volatile trading session on Wednesday with Sensex and Nifty setting fresh highs and then erasing them entirely, only to close flat. Mahindra & Mahindra gained 5.7% while State Bank of India surged 5% to end as top Sensex gainers. Bajaj Finance and HDFC were the top laggards. Broader markets mirrored the fall, except Nifty Smallcap 50, which ended 0.12% higher. 

India’s leading telecom giant Bharti Airtel on Tuesday informed the bourses that it has received the relevant approvals for its relevant downstream investments. With this, Bharti Airtel has initiated the process to revise its foreign investment limit to 100% with immediate effect. NSDL updated its website while changing Bharti Airtel’s FPI limit to 100%. This is likely to elicit a response from MSCI, increasing the firm’s weightage in the global indices.

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Highlights

    16:32 (IST)13 Jan 2021
    Volatile session sees Sensex, Nifty end flat; here’s what experts make of today’s trade

    In a volatile trading session, Sensex ended 303 points down from day’s high while Nifty 50 managed to hold above 14,550 as both the benchmark indices closed the trading session flat. Broader markets too closed in the red, except Nifty Smallcap 50, up 0.12%. Among Nifty sectoral indices, only Nifty RealtyNifty Pharma, and Nifty Financial Services closed the day with losses. Nifty PSU Bank index zoomed 3.27%. Mahindra & Mahindra shares gained 6% while State Bank of India jumped 4.8%. India VIX, the volatility index gained 1.94% to end the day above 23 levels. 

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    15:37 (IST)13 Jan 2021
    Closing Bell

    Sensex closed 24 points lower to end its gaining streak while Nifty managed to close 1 points higher on Wednesday. 

    15:17 (IST)13 Jan 2021
    Sensex, Nifty turn green

    Sensex is dancing between gains and losses just ahead of the closing bell. Nifty 50 was sitting above 14,550.

    15:11 (IST)13 Jan 2021
    Top gainers

    Mahindra & Mahindra along with State Bank of India jumped 6% and 5%, respectively on Wednesday to become the top gainers on Sensex just ahead of the closing bell. 

    15:02 (IST)13 Jan 2021
    Sensex, Nifty recover losses

    Sensex was trading flat just ahead of the closing bell recovering almost all losses. Nifty regained 14,550.

    15:01 (IST)13 Jan 2021
    Motilal Oswal Real Estate launches India Realty Excellence Fund V

    Motilal Oswal Real Estate (MORE), the real estate private equity arm of Motilal Oswal Financial Services Limited is looking to raise up to Rs 800 crore through its recently launched fifth real estate fund “India Realty Excellence Fund V (IREF V).”

    While the earlier three funds (IREF II, IREF III and IREF IV) focused on early stage investments, IREF V would focus on construction finance in post-approval projects. The Fund plans to deploy the capital in mid-income/ affordable residential projects across the top 7 cities in India (Mumbai, Delhi-NCR, Pune, Bengaluru, Chennai, Hyderabad and Ahmedabad) while selectively investing in commercial projects. IREF V would focus on structured debt investments with established developers and undertake 12-15 transactions of Rs. 60 – 80 Cr each.

    14:45 (IST)13 Jan 2021
    Airbnb stock jumps 136% in one month since Wall Street IPO; is there room for more upside?

    Airbnb’s share price has more than doubled from its issue price of $68 per share in just a month since its listing on the bourses. Now trading at $160.8 per share, the vacation rental marketplace might have no room left for improvement now, according to brokerage and research firm Credit Suisse. Initiating the coverage of the newly listed NASDAQ constituent, Credit Suisse gave ‘Neutral’ rating to the scrip with a target price of $156, while cautioning of volatility. Airbnb has already crossed the target price, gaining 10% in the last 5 trading sessions.

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    13:51 (IST)13 Jan 2021
    Sensex, Nifty deep in red

    Sensex and Nifty were down in the red as they gave up all their gains. Sensex was down more than 200 points while Nifty gave up 14,500. 

    13:51 (IST)13 Jan 2021
    Sensex, Nifty deep in red

    Sensex and Nifty were down in the red as they gave up all their gains. Sensex was down more than 200 points while Nifty gave up 14,500. 

    13:10 (IST)13 Jan 2021
    Paytm Money launches discounted derivative trading; now trade F&O at only this much brokerage fee

    India’s leading digital payments platform, Paytm today launched derivates trading on its trading platform -- Paytm Money. Launching the facility, Vijay Shekhar Sharma, founder Paytm and Varun Sridhar, CEO, Money said that their intention behind the launch is to increase financial inclusion in India. Trading in Futures & Options will begin on the Paytm Money application today at a flat rate of Rs 10 per trade, which is at a discount to what several other brokerage firms charge. Paytm Money has been improving its market share since its launch two years ago and already offers its customers direct mutual fund investment options, equity trading and IPO investments.

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    11:43 (IST)13 Jan 2021
    Sensex, Nifty down in red

    Sensex and Nifty gave up all gains and began trading flat to negative. Broader markets followed the benchmarks. 

    11:31 (IST)13 Jan 2021
    IRFC IPO: First IPO of new year 2021 opens Jan 18; check price band, grey market premium, details

    The Rs 4,634-crore Indian Railway Finance Corporation (IRFC) initial public offer (IPO) is scheduled to open on January 18, becoming the first public issue of the new calendar year 2021. The issue will close for subscription on January 20, 2021. According to the red herring prospectus (RHP), the issue is of up to 178.20 crore shares, comprising a fresh issue of 59.43 crore equity shares and offer-for-sale of up to 118.80 crore shares.

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    11:13 (IST)13 Jan 2021
    Tesla’s India chapter to start soon: Registers new R&D office in Bengaluru

    Tesla Incorporated, the electric vehicle automaker from the US, has reportedly stepped its first foot in India. The automaker with a global cult following is said to have registered a company — Tesla Motors India and Energy Private Limited. Reuters reports that a regulatory filing showed on Tuesday that the company had been incorporated on January 8. With an office registered in Bengaluru, Karnataka, the filing revealed three directors of the company have been named. One of which is David Feinstein, currently a Senior Director at Tesla. Over the years, Tesla’s founder Elon Musk, tweeted his interest to enter the Indian market. But retracted every time claiming high import tax rates, and lack of EV charging infrastructure making Tesla’s arrival unviable.

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    10:54 (IST)13 Jan 2021
    Sell gold

    Today Gold price corrected by 0.54% and trading at 49075 levels on the back of strength of Dollar and increase in US Bond yields. Traders are expecting stability in US economy as Biden won the US election and over optimism on US economy. As of now traders can go for sell in Gold at 49200 levels with the stop loss of 49550 for the target of 48700 levels. 

    ~ Anuj Gupta- DVP- Commodities and Currencies Research, Angel Broking

    10:27 (IST)13 Jan 2021
    Indigo Paints IPO opens next week as Sequoia Capital, promoter look to trim stake; check details

    Indigo Paints initial public offering (IPO) will open for subscription next week, paving the way for its much-awaited debut on Dalal Street. Sequoia Capital-backed Indigo Paints IPO, which received a go-ahead from Securities and Exchange Board of India (SEBI) earlier this month, will open for subscription on January 20 and close on January 22. The paints manufacturer is looking to raise Rs 1,000 crore from the capital markets with a combination of fresh issuance and an offer for sale (OFS) by existing shareholders of the company. This will be among the first few IPOs of 2021. In the previous year 2020, as many as 15 companies made stock market debuts.

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    10:00 (IST)13 Jan 2021
    How far is 15,000 for Nifty

    "We have achieved the 14600 levels. The key resistance patch is now between 14650-14750. It needs to be seen how markets react here. Is it going to resist or fly out of those levels like all other resistance levels have been treated over the past couple of months? If we can get past the 14750 levels on a closing basis, we should be headed towards 15000. The current support range for the Nifty is 14200-14250," said Manish Hathiramani, Proprietary Index Trader and Technical Analyst, Deen Dayal Investments.

    09:25 (IST)13 Jan 2021
    50,000 in sight for Sensex

    "The decline in CPI inflation to 4.59% is a big positive for markets. But the steady rise in crude is an area of concern. Looks like Sensex is headed for 50000. But there are bumps ahead. The market is likely to turn highly volatile during the budget. Since valuations are high and investors are sitting on good profits, partial profit booking can be considered at every rise. It is impossible to time the market," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

    09:18 (IST)13 Jan 2021
    Opening Bell

    Sensex surged to begin the day's trade at fresh all-time highs of 49,776. Nifty crossed 14,600 for the first time in history. Bharti Airtel stocks jumped 5.5%.

    09:12 (IST)13 Jan 2021
    Gap-up opening

    Indian markets are likely to see a gap up opening on the back of additional fiscal stimulus in the US and optimism over the earnings season despite mixed global cues.

    ~ ICICI Securities

    09:09 (IST)13 Jan 2021
    Sensex, Nifty surge

    Sensex closed pre-open session above 49,700 while Nifty was above 14,600. 

    09:02 (IST)13 Jan 2021
    Sensex, Nifty gain in pre-open session

    Sensex breached 49,800 during the pre-open session on Wednesday while Nifty 50 crossed 14,700.

    08:52 (IST)13 Jan 2021
    Stocks in focus: Infosys, TCS, Wipro, Bharti Airtel, Tech Mahindra, SBI, Tata Elxsi, Bharat Rasayan

    Infosys, Wipro: A total of 10 BSE listed companies such as Infosys, Wipro,5paisa Capital, Amtek Auto, Asian Tea & Exports, CESC, Capital Trade Links, GTPL Hathway, Mideast (India) and Rajoo Engineers are set to announce their October-December quarter earnings later in the day today.

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    08:50 (IST)13 Jan 2021
    Sensex, Nifty may make fresh highs on Wednesday; 5 things to know before market opens

    Nifty futures were trading 28.50 points or 0.20 per cent up at 14,629 on Singaporean Exchange, indicating a gap-up start for BSE Sensex and Nifty 50 on Wednesday. On the back of bullish sentiment, the market capitalisation of all BSE-listed companies soared to a fresh all-time high of Rs 197.46 lakh crore on Tuesday. 

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    08:35 (IST)13 Jan 2021
    Market in overbought space

    'In F&O space, we saw addition of fresh long positions in both the indices. We observed meaningful writing in 14500 and 14600 put options. Whereas, build-up was scattered between 14600-15000 strikes of call options. There are few derivatives data that hints market is now overbought. Firstly, the PCR-OI which is on the higher side at 1.75 and the stronger hands ‘Long Short Ratio’ around 80%, this certainly doesn’t give the comfort of holding longs now especially in case of index. Considering the above data points, we expect some profit booking any time soon and hence, it would be advisable to keep booking profits from hereon," said Sneha Seth, Derivatives Analyst, Angel Broking.

    08:31 (IST)13 Jan 2021
    Call, Put OI

    Maximum Call Open Interest (OI) for the January series is placed at 15000 strike with 20.84 lakh contracts. This is followed by 16.34 lakh contracts at 14000 strike. 

    Put OI is the most at 14000 strike with 29.90 lakh contracts, followed by 22.35 lakh contracts at 13,500 strike.

    08:13 (IST)13 Jan 2021
    Rakesh Jhunjhunwala’s Q3 trades: Here’s what big bull bought and sold in the last three months

    While Sensex gained a whopping 28% and Nifty 50 zoomed 29%, the big bull of domestic stocks markets was seen increasing his stake in some firms, while booking profits somewhere, and adding fresh investments to his portfolio.

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    08:07 (IST)13 Jan 2021
    Crude oil prices jump

    "Crude oil rallied to pre-pandemic levels. Brent traded as high as US$56.75 after bouncing on a larger crude draw than expected. A weaker US dollar helped and complimented numerous price revisions by several analysts for still higher 2021 estimates on the tailwind from the surprise 1mb/d cut announced by Saudi Arabia," said Stephen Innes, Chief Global Market Strategist at Axi.

    08:05 (IST)13 Jan 2021
    M-cap of BSE-listed companies at all-time high of Rs 197.46 lakh crore

    The market capitalisation of all BSE-listed companies jumped to a fresh all-time high of Rs 197.46 lakh crore on Tuesday, driven by bullish market sentiment. At close of trade, the market capitalisation of BSE-listed companies stood at Rs 1,97,46,939.57 crore (USD 2.6 trillion).

    08:02 (IST)13 Jan 2021
    Bharti Airtel FPI limit increased

    NSDL has increased Bharti Airtel's FPI limit to 100% saying that the company sent a communication to the depositary on January 12, 2021, stating that it has received the regulatory approval for 100% FDI. The move is likely to rope in foreign fund buying of Bharti Airtel. 

    08:01 (IST)13 Jan 2021
    Bharti Airtel: Reiterate ‘buy’ and raise target price by 14% to Rs 650

    Arpu to improve as company gains high-value subs, migrates subs from 2G to 4G and potential tariff hikes in FY22e. Spectrum supply is abundant in the upcoming auction; we expect Bharti to invest Rs98 billion and industry to skip 700MHz. Reiterate ‘buy’ and raise target price by 14% to Rs650 (from Rs570). Key catalyst would be rise in mobile Arpu.

    Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market News Live Updates
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