Market Highlights: Nifty ends at 16,529, Sensex closes at 55,437; indices end at their highest closing levels

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Updated: August 13, 2021 4:25:44 pm

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic equity market benchmarks closed with gains on Friday. Broader markets closed mixed.

Share Market Today, Share Market LiveNifty Bank index closed at 36,169 or up 0.65% (Image: Reuters)

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic equity market benchmarks BSE Sensex and Nifty 50 ended the final trading session of the week with gains. S&P BSE Sensex zoomed 593 points or 1.08% to close at 55,437 while the NSE Nifty 50 jumped 164 points of 1.01% to close at 16,529 — their highest closing levels ever. Bank Nifty managed to not only breach 36,000 mark but extend its gains to end at 36,169, jumping 0.65%. Broader markets closed mixed as midcap and smallcap indices closed with losses. TCS jumped 3.22% to end as the top Sensex gainer, followed by Larsen & Toubro, Bharti Airtel, and HCL Technologies. Power Grid was the worst Sensex performer on Friday, ending 1.28% lower. This was followed by Dr Reddy’s. IndusInd Bank, and Bajaj Finance.

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Highlights

    16:20 (IST)13 Aug 2021
    Sensex, Nifty claim fresh all-time highs on Friday; here's what experts make of today's trade

    Bulls were in firm control on Dalal Street today pulling the benchmark indices to fresh all-time highs. S&P BSE Sensex zoomed 593 points or 1.08% to close at 55,437 while the NSE Nifty 50 galloped 164 points of 1.01% to close at 16,529 -- their highest closing levels ever. TCS jumped 3.22% to end as the top Sensex gainer, followed by Larsen & Toubro, Bharti Airtel, and HCL Technologies. Power Grid was the worst Sensex performer on Friday, ending 1.28% lower. This was followed by Dr Reddy's. IndusInd Bank, and Bajaj Finance. Bank Nifty managed to not only breach the 36,000 mark but extend its gains to end at 36,169, jumping 0.65%. Broader markets closed mixed as midcap and smallcap indices closed with losses. 

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    15:37 (IST)13 Aug 2021
    CLOSING BELL

    Domestic equity market benchmarks closed at their highest ever closing levels on Friday. Broader markets closed mixed.

    15:32 (IST)13 Aug 2021
    Investors accepting lower risk premium as economy recovers; growth upgrades needed to sustain valuations

    Key domestic stock market indicators are now signaling that investors are willing to accept lower equity risk premium, domestic brokerage and research firm ICICI Direct said. The brokerage firm highlighted that with uncertainty over economic recovery reducing, investors are willing to accept lower returns. Meanwhile, for any upside from current levels listed companies need to continue on the earnings growth trajectory. meeting or beating growth estimates to sustain current levels of valuations. Domestic equity markets have scaled fresh high today with the Nifty 50 breaching 16,500 while BSE Sensex crossed 55,400.

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    15:19 (IST)13 Aug 2021
    Go Colors files draft IPO papers with SEBI, plans to raise Rs 125 crore from fresh issue of shares

    Go Fashion (India)-owned Go Colors has filed a draft red herring prospectus with capital market regulator SEBI to launch an IPO. The issue comprises fresh issue of shares worth Rs 125 crore and an offer for sale (OFS) of up to 1.28 crore shares by its existing shareholders and promoters. The OFS will see selling of up to 7.46 lakh shares each held by PKS Family Trust and VKS Family Trust, 75 lakh shares by Sequoia Capital India Investment, up to 33 lakh shares by India Advantage Fund S4 I and up to 5.77 lakh shares by Dynamic India Fund S4 US I.

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    15:14 (IST)13 Aug 2021
    India VIX still below 13

    India VIX, the volatility gauge, was sitting just below 13 levels ahead of the closing bell. The index has soared nearly 5% today.

    15:01 (IST)13 Aug 2021
    Warren Buffett beats S&P 500 so far this year; how you can buy all the stocks that Buffett buys

    Warren Buffett’s Berkshire Hathaway Class A and Class B shares have beaten benchmark index S&P 500 so far this year. Berkshire Hathaway Inc Class A and Class B share prices have risen over 27 per cent on a year-to-date (YTD) basis, outperforming the S&P 500 index, which soared 20.19 per cent. Berkshire Hathaway — which holds multibillion-dollar stakes in giants such as Apple, Coca-Cola, Bank of America, others — slowed down share buybacks in April-June quarter of 2021.

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    13:47 (IST)13 Aug 2021
    GMR Infrastructure gets Rs 1,692 cr in first tranche from stake sale in Kakinada SEZ

    GMR Infrastructure on Friday said it has received Rs 1,692 crore in the first tranche from the sale of its stake in Kakinada SEZ and Port Holdings Limited to Aurobindo Realty. The company’s wholly-owned subsidiary GMR SEZ and Port Holdings (GSPHL) had divested its entire 51 per cent stake in Kakinada SEZ to Aurobindo Realty and Infrastructure Private Limited (ARIPL).

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    13:44 (IST)13 Aug 2021
    Indian share markets remain in positive territory

    Indian benchmark continues their positive run after being able to sustain above the level of 16350-16370, taking the positive global cues from wall street and other Asian market peers. Domestic sentiment remains positive as the industrial output data has shown signs of recovery in the manufacturing sector adding to more buying in the market. Manufacturing data is still at the pre covid levels but if India is able to avoid the third wave, we have seen the markets recover at a fast pace, soon we will see these data surpassing pre covid levels. Retail inflation has also started to decrease which is another positive sign for the market. Gaurav Garg, Head of  Research, CapitalVia Global Research

    13:23 (IST)13 Aug 2021
    Aurobindo Pharma stock down by 7

    "Aurobindo pharma stock down by 7% on the back of company announcement of capital infusion of Rs 420 Crores in Cronus Pharma and weak set of numbers for Q1FY2022.  Aurobindo Pharma Limited announced that the company will subscribe to fresh equity shares in Cronus Pharma Specialities India Private Limited, amounting to Rs 420 Crores for 51 % of the equity share capital. Cronus is a Hyderabad-based generic veterinary pharmaceutical products company engaged in the development, manufacturing, and sale of veterinary pharmaceutical products.  Cronus Pharma has reported revenue of Rs 11.4 Crores in FY2021 and the company awaits regulatory inspection from USFDA. Aurobindo pharma will be doing capital infusion at valuations of 72 times of FY2021 sales, which we believe valuations are on the higher side," said Yash Gupta Equity Research Associate, Angel Broking.

    13:06 (IST)13 Aug 2021
    Sequoia Capital-backed ixigo files IPO papers with SEBI; looks to raise Rs 1,600 crore

    Sequoia Capital-backed ixigo has filed a draft red herring prospectus with market regulator SEBI to launch Rs 1,600-crore IPO. The issue comprises a fresh issue of equity shares worth Rs 750 crore and an offer for sale (OFS) of up to Rs 850 crore. The OFS consist of sales of up to Rs 50 crore each by Aloke Bajpai and Rajnish Kumar, Rs 550 crore by Saif Partners India IV and Rs 200 crore by Micromax Informatics.

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    12:46 (IST)13 Aug 2021
    Paper stocks rally

    All commodity stocks are in Bull Run where paper stocks are also part of this rally where they are gaining momentum today on news that single use of plastic will be banned from July 1, 2022. We have seen a decent rally in some of the paper stocks in the last few months because of reopening and surge in lumber prices globally whereas most of the companies posted a good set of results where JK paper did exceptionally well. The outlook for paper stocks is still bullish but investors should be cautious while choosing companies in this bulls run. JK paper will remain our top pick from this space because of its strong presence and strong growth momentum in financials where we can expect the target of 320 on an immediate basis while 370 is a medium-term target but traders should keep a stop loss of 238. Technically, Padamji paper is also looking strong where 47.5 is an immediate hurdle; above this, we can expect a rally towards 60 level while 39 should be a stop loss for the traders. Santosh Meena, Head of Research, Swastika Investmart 

    12:34 (IST)13 Aug 2021
    F&O 18 August outlook: Nifty eyes 16,700, Bank Nifty 36,600 this expiry week; check support, resistance levels

    NSE Nifty 50 index is eyeing 16,700 points target in the current week to 18 August options expiry. This week’s expiry day is on Wednesday, 18 August 2021, as markets will remain closed on Thursday on the occasion of Muharram. The options data suggested the highest call OI at 16,500 strike. Analysts expect Nifty to expire between 16300-16600 this week. While Bank Nifty is likely to trade in the 35800-36600 range. So far this week, Nifty has gained over 1 per cent to a fresh record high of 16,449.95. While the Bank Nifty index has added nearly one per cent to today’s high of 36,178.35.

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    12:28 (IST)13 Aug 2021
    IRCTC stock to be split as firm looks to attract small investors; should you buy, or sell?

    Indian Railway Catering and Tourism Corporation (IRCTC) has announced a stock split that will divide its shares into five equity shares. The company announced the decision along with its quarterly results yesterday. The stock split will see the face value of IRCTC’s share drop from Rs 10 each to Rs 2 each. The move, however, is subject to approval from the Ministry of Railways and other shareholders. Since listing on the stock exchanges, IRCTC has soared a massive 734% from its IPO price of Rs 320 per share to now trade at Rs 2,668 per share.

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    11:49 (IST)13 Aug 2021
    Buy Escorts ~ Angel Broking

    Escorts is a prominent tractor player domestically with market share of 11.3% as on FY21. Considering record food-grain procurement by government agencies as well expectations of good Kharif crop in 2021, we expect the tractor industry will continue to outperform the larger automobile space in FY22 with Escorts being a key beneficiary.

    Target price - Rs 1,573 per share

    Upside - 24%

    11:42 (IST)13 Aug 2021
    Sensex at 55000

    "Within eight trading sessions, Sensex travelled the last 1000 points to climb 55k mark for the first time, fueled by optimistic outlook on India's growth story, plentiful liquidity in cash markets, improving covid situation in India, healthy Q1 earnings and recovery in macro economic data. CPI for July stands at 5.59%, lowest in the last 3 months and well within RBI's target range of 4±2%. Also on the technical front, post a strong consolidation  of Nifty50 between 15600 and 15950, a healthy breakout led to a comfortable upswing towards 16400. Sectorally, banking, IT and metals were leading contributors in shaping the very spirit of this rally. USD/INR has also corrected after June's uptrend, which will likely help in foreign money flow into emerging markets like India. Overall, markets signal structural strength which shall likely sustain over medium to long term," said Mohit Nigam, Head - PMS, Hem Securities.

    10:37 (IST)13 Aug 2021
    Sensex, Nifty at new highs

    BSE Sensex surged to 55,136, Nifty rises to 16,449.95, a new record high on Friday

    10:36 (IST)13 Aug 2021
    Inflation may have little or no impact on the trajectory of market yields

    The CPI-based inflation moderated to 5.59 % in July ’21 as against 6.26% for the month of Jun’21, indicating some amount of moderation in the retail inflation. The level is well within the RBI target range with the ceiling at 6%. Food price inflation has come down  to 3.96 % in July,  from 5.19% in June, and vegetable prices too have fallen quite a bit. Core inflation in July is reported at 6.00 % as against 6.20% in June. So, there is, overall some moderation, but it is too early to say that the inflationary pressures are transient, and that it may remain subdued hereafter. However, it is a fact that it takes some pressure away from policy making at least for the time being. This number may have little or no impact on the trajectory of market yields. Joseph Thomas, Head of Research - Emkay Wealth Management

    10:31 (IST)13 Aug 2021
    Gautam Adani, Kumar Mangalam in new list of corporate leaders to make mark through philanthropic activities

    Indian business tycoons Gautam Adani, Nita Ambani and Kumar Mangalam are among 100 Indians in the list of corporate leaders who have made a mark through their philanthropic activities across the world. The list, which is first of its kind, was released on Thursday by Indiaspora, a US-based diaspora body, with guidance from nine jurors and drawing from multiple sources, including reputed studies, earlier verified lists and publicly shared documents.

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    10:30 (IST)13 Aug 2021
    Gold Price Today, 13 August 2021: Gold set for 2nd straight weekly fall, MCX silver tops Rs 62,000

    Gold prices were firm in India on Friday, even as global rates remained flat. Moreover, MCX gold prices look set for the second straight weekly fall. On Multi Commodity Exchange, gold October futures were trading Rs 69 or 0.15 per cent up at Rs 46,432 per 10 gram, as against the last close of Rs 46,363. Silver September futures were ruling at Rs 62,004 per kg, up Rs 149 or 0.24 per cent.

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    10:17 (IST)13 Aug 2021
    Nifty's next target is 16,650 now

    Yesterday the markets successfully closed above the 16300 level which is a positive sign. With this happening, we can expect the next level of the Nifty to be 16600-16650. Since the undercurrent is bullish and the momentum is fierce, a buy on dips approach can be implemented for higher targets. Manish Hathiramani, Proprietary Index Trader and Technical Analyst, Deen Dayal Investments

    10:04 (IST)13 Aug 2021
    Zomato share price to surge higher? Bernstein sees another 27% rally post quarterly results

    Zomato share price has so far soared 77% from the higher end of IPO price, but the rally could extend further according to analysts at global brokerage and research firm Bernstein. Analysing Zomato’s quarterly earnings, where it reported a widening of net losses, Bernstein believes the stock could surge another 27% from current levels. “Food delivery business reported the strongest ever performance across all metrics - Gross Order Value (GOV), number of orders, active restaurant partners and active delivery partners. The company passed a cumulative Billion orders with 10% of these orders delivered in the last 3 months,” Bernstein said. 

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    09:48 (IST)13 Aug 2021
    Nifty to head towards 16,500 now

    The bull is showing no signs of fatigue as the Nifty raced to another record close at 16364. Global support to the rally is intact with the Dow and S&P setting yet another record high. Retail investors relentlessly chasing stocks and the sheer momentum in the market may take the Nifty to 16500 levels. If the Nifty makes the move to 16500 levels, it is likely to be led by the leading high-quality private banks and leading IT  names. The newbie retail investors are buying stocks without any serious consideration for value. Now, we don't know when and how this rally will end. But we know it will end; and when it does the new retail investors who have flocked to the market recently will be hit hard. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

    09:32 (IST)13 Aug 2021
    USD-INR to form a base near 74.40-50 levels

    Domestically, economic data showed India's retail price inflation rate eased to 5.59 % in July 2021, from 6.26 % in the previous month while Industrial production in India rose 13.6%. This has eased concerns of an immediate shift of policy stance by the central bank. For the rupee, inflows on one side and RBI’s buying regime on the other side have tugged the pair in a narrow range of 74.10-74.50 levels. Thus any dips between 74.10-74.20 levels can be taken for buying and upticks above 74.40-74.50 shall be utilized to sell for near-term exposures. Overall, for the medium-term we expect the USDINR pair to form a base near 74.40-50 levels and rebound sharply above 74.70-74.80 levels. Amit Pabari, MD, CR Forex Advisors

    09:29 (IST)13 Aug 2021
    Bank Nifty tops 36,100

    Nifty Bank index was up over half a per cent at 36,129, and Nifty FMCG index surged to 36,728, up 0.5 per cent

    09:28 (IST)13 Aug 2021
    Tech Mahindra top BSE Sensex loser

    Tech Mahindra, Power Grid Corporation of India, Tata Steel, Dr Reddy's Sun Pharma were among top BSE Sensex losers

    09:23 (IST)13 Aug 2021
    TCS, HDFC, ICICI Bank top Sensex gainers

    M&M, Housing Development Finance Corporation (HDFC), ICICI Bank, L&T, ITC, TCS, Nestle India, HCL Tech, Axis Bank were top Sensex gainers

    09:22 (IST)13 Aug 2021
    Sensex hits 55,000, Nifty tops 16430

    BSE Sensex hit 55,000 level for the first time ever, and Nifty 50 surged to a record high of 16,430 on Friday

    09:09 (IST)13 Aug 2021
    Bank Nifty consolidating near 36,000

    Bank Nifty is consolidating near the 36000 mark but it may see a catch-up move on the back of lower than expected CPI numbers where 36500 is a critical hurdle; above this 37200-37700 will be the next resistance zone. On the downside, 35500 is immediate support while 35200-35000 is a strong demand zone. Santosh Meena, Equity Research Head, Swastika Investmart

    09:09 (IST)13 Aug 2021
    Nifty heads to 16,600 now

    Technically, Nifty manages to close above 16350 resistance level and if it manages to hold this level then we can expect bullish momentum to continue towards 16500/16600 levels. On the downside, 16300 will act as an immediate intraday support while 16200-16170 is the critical support area. Traders are advised to remain with a bullish trend with the 'buy on dip or consolidation' approach.  Santosh Meena, Equity Research Head, Swastika Investmart

    08:57 (IST)13 Aug 2021
    Nifty's support at 16,280 levels

    Technically, on daily charts, the index has formed a range breakout formation which suggests continuation of an uptrend wave in the near future. We are of the view that 16280/16220 would be a key support level for trend following traders. Above the same the range breakout formation is likely to continue up to 16400/16475 levels. Shrikant Chouhan, Executive Vice President, Equity Technical Research, Kotak Securities

    08:49 (IST)13 Aug 2021
    Indian share market looks flat

    Domestic equites look to be flat as of now. While IIP data for June shows double digit growth, it continues to remain low compared to pre-pandemic level and therefore economy still requires policy support. Binod Modi, Head Strategy at Reliance Securities

    08:37 (IST)13 Aug 2021
    Nifty's resistance at 16400-16450

    Nifty is expected to open flat around yesterday's close at 16370. Yesterday it closed above its resistance level of 16350, it may now face resistance at 16400 and 16450. On the downside the support has shifted to 16280 and 16320 levels. Entering trades on correction can be a good strategy for the current market. Gaurav Udani, Founder & CEO, ThincRedBlu Securities

    08:31 (IST)13 Aug 2021
    Burger King, IRFC, ONGC, HAL, Eicher Motors, Ashok Leyland, ITC, Tata Steel, PFC stocks in focus

    BSE-listed companies such as Godrej Industries, Grasim Industries, NBCC (India), NHPC, Oil and Natural Gas Corporation, Hindustan Aeronautics Ltd, Indraprastha Gas, Inox Wind, Burger King India, Sun TV Network, Allcargo Logistics, Archies, D B Corp, Gayatri Projects, Glenmark Pharmaceuticals, Gujarat Mineral Development Corporation, GMR Infrastructure, Godfrey Phillips India, Indian Railway Finance Corporation, IL&FS Investment Managers, Inox Wind Energy, Jammu & Kashmir Bank, Jagran Prakashan, Mawana Sugars, Petronet LNG, SEAMEC, Sintex Industries, Suven Pharmaceuticals, and Suzlon Energy, will announce Apr-Jun quater earnings on August 13.

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    08:26 (IST)13 Aug 2021
    Petrol and diesel price today 13 August 2021: Rates constant for 27th day; check price in Delhi, Mumbai here

    Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Oil marketing companies have left the price of petrol and diesel untouched today for the 27th consecutive day. Today, petrol in the national capital costs Rs 101.84 per litre, while Diesel in the capital city is retailing at Rs 89.87 per litre. Fuel prices have increased 41 times since May 4, now sitting at all-time highs. The price of petrol in Delhi has increased by Rs 11.15, while diesel price has surged Rs 10.80 per litre since rates were first hiked more than 3 months back. Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) revise the fuel prices daily in line with benchmark international price and foreign exchange rates.

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    08:13 (IST)13 Aug 2021
    SGX Nifty sits in red ahead of opening bell; 5 things to know before today's trade

    Domestic equity markets scaled fresh highs on the weekly expiry session and closed the day in the gains. S&P BSE Sensex currently sits at 54,844 while the NSE Nifty 50 is just above 16,350. Bank Nifty surged higher yesterday but failed to regain 36,000 levels while broader markets mirrored the up-move. Entering the final trading session of the week, SGX Nifty was down 10 points in the red while global cues were mixed even after Wall Street equity indices closed with gains. “The short term uptrend status of Nifty remains intact with range bound action. The overall chart pattern of Nifty and the positive reversal in broad market indices could hint at a possibility of an upside breakout of the small range in Nifty in coming sessions,” said Nagaraj Shetti, Technical Research Analyst, HDFC Securities.

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    08:06 (IST)13 Aug 2021
    F&O expiry outlook 21 August: Nifty heads to 16,500 target, Bank Nifty may trade in 35500-36300 range

    The August month started with a bang last week as we not only managed to reach the much-awaited milestone of 16000 but also moved beyond it convincingly. This was followed by a quiet start this week. In fact, during the first three trading sessions, our markets consolidated with some hint of profit booking at lower levels. Fortunately, the mighty bears provided cushion at the lower range of 16200 – 16170 for the Nifty.

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    07:49 (IST)13 Aug 2021
    Govt to sell up to 25% stake in NSC via IPO; invites bids from merchant bankers for listing process

    The government has kickstarted the process of selling up to 25 per cent stake in National Seeds Corporation (NSC) through an initial public offering (IPO). The Department of Investment and Public Asset Management (DIPAM) has invited bids from merchant bankers and legal advisors for working on the proposed IPO and subsequent stock exchange listing of the PSU under the Ministry of Agriculture and Farmers Welfare.

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    07:47 (IST)13 Aug 2021
    Chemplast Sanmar IPO subscribed 2.17 times on closing day

    The initial share sale of specialty chemicals maker Chemplast Sanmar received 2.17 times subscription by the close of the offer on Thursday. The company’s initial public offer (IPO) received bids for 8,66,38,140 shares against 3,99,52,829 shares on offer, as per data available with the exchanges.

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    07:46 (IST)13 Aug 2021
    Industry output grows 13.6% in Jun on low-base effect; manufacturing, mining recover

    Industrial production surged by 13.6 per cent in June mainly due to a low-base effect and good performance by manufacturing, mining and power sectors but the output remained below the pre-pandemic level.

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    07:45 (IST)13 Aug 2021
    Retail inflation eases to 5.59 pc in July

    Retail inflation eased to 5.59 per cent in July mainly due to softening food prices, according to official data released on Thursday. The Consumer Price Index (CPI) based inflation was 6.26 per cent in June and 6.73 per cent in July 2020.

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