Sensex ends volatile trade 12 pts up; RIL jumps 6% this week, ITC down 7%
On the sectoral front, the Nifty Metal index skid 1.7 per cent, followed by the Nifty FMCG index declined 1.5 per cent
 "markets, investor, stocks, bse, nse, trader, trading, sensex, nifty")
Stock market updates: Domestic markets ended a tumultuous week on a flat note amid subdued trade in Asia and bleak UK economic data. The Office for National Statistics said on Friday that the UK's gross domestic product shrank 9.9 per cent in 2020, its biggest decline on record.
Asian shares hovered just below record highs as less than expected fall in the US weekly jobless claims too caused investors to show restraint. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.05 per cent, Australian stocks lost 0.63 per cent, and shares in Tokyo fell 0.2 per cent.
In Europe, the pan-European STOXX 600 index dipped 0.1 per cent, while the blue-chip FTSE 100 index fell 0.2 per cent.
Back home, indices turned sharply lower in the fag-end of the session but recovered marginally to end mildly higher. The benchmark S&P BSE Sensex tumbled 543 points from the day's high to hit an intra-day low of 51,261. At close, the index was at 51,544 levels, up 13 points or 0.02 per cent. The NSE's Nifty50, meanwhile, ended at 15,163 level, down 10 points or 0.07 per cent.
ICICI Bank, Infosys, HDFC, and Axis Bank were the top gainers on the Sensex index while Adani Ports, ICICI Bank, Infosys, and Wipro were the top performing stocks on the Nifty. ITC, Sun Pharma, ONGC, and Bharti Airtel were the top drags on both the indices.
Broader markets, too, ended mixed today. The S&P BSE MidCap index was up 0.06 per cent at close while the S&P BSE SmallCap index settled 0.02 per cent lower.
On the sectoral front, the Nifty Metal index skid 1.7 per cent, followed by the Nifty FMCG index declined 1.5 per cent. At the other end of the spectrum, Nifty Private Bank and the Nifty Bank indices gained 1 per cent each.
Buzzing stocks
Housing financier HDFC on Friday entered the elite club of Rs 5-trillion market-capitalisation mark, after its shares surged to touch a record high of Rs 2,808 apiece on the BSE. The stock settled 1 per cent higher at Rs 2,790 apiece on the BSE with a m-cap of Rs 5.01 trillion. HDFC Ltd is the sixth Indian company to have achieved this milestone, after Reliance Industries, Tata Consultancy Services, HDFC Bank, Hindustan Unilever, and Infosys.
Moreover, Adani Enterprises today entered the list of the top-50 most valuable companies in India after the company's stock price rallied 9 per cent to Rs 719, also its new high, on the BSE in intra-day trade. The stock settled at day's higher. READ MORE
Shares of SBI Cards and Payment Services, on Friday, hit a new high of Rs 1,048.65 after rising 2 per cent intra-day on the BSE, thus surpassing its previous high of Rs 1,040, recorded on January 22, 2021. Thus far in the calendar year 2021, SBI Cards has outperformed the market by surging 23 per cent, as compared to 8.5 per cent rise in the S&P BSE Sensex. A sharp rally in the share price has seen the market capitalisation (market-cap) of SBI Card inches towards Rs 1-trillion mark. READ MORE
4:40 PM
MARKET CLOSING COMMENT :: Deepak Jasani, Head of Research, HDFC Securities
Indian benchmark equity indices ended flat for the third time in the last four trading sessions on Feb 12, but posted 1.01% gains for the week. Nifty fell sharply post 1300 Hrs, but recovered post1400 Hrs. At close, the NSE Nifty 50 index ended 10 points or 0.07% lower at 15,163.
Nifty again closed the week with gains. Moves in the Nifty are becoming choppier in a narrow range. Institutional flows have come back to normal levels after remaining high over the last few weeks. Nifty could take support at 14753 in the coming week, while on rises 15257 could offer resistance. A breach of this level could result in continued bullish moves.
4:24 PM
MARKET CLOSING COMMENT :: Shrikant Chouhan, Executive VP, Equity Technical Research at Kotak Securities
The market recorded a choppy session during the week. The Sensex failed to move beyond 51850 and refused to close below 51300 levels. However, during the week we saw maximum activity in medium-sized and small-sized companies that could hurt the market if they failed to break the 51850 levels. This is a strong market, but recent levels where the Indian stocks are trading are far from recent lower levels, although if we look at the previous data, whenever the Nifty recorded more than 5500 to 6500 points, it got corrected by 1500 to 2500 points. Based on the chart of large-cap companies, the weakness is increasing in the short term and it would probably lead to a quick correction to the level of 50500 or 50600. If the Sensex crosses 51900 for the 52750 levels, it would be advisable to buy. Below the level of 51300 would lead to further weakness. During the week, FIIS invested over Rs. 6,000 crore in the cash market. The dollar index fell to 90.40 from 91.40 levels and crude prices have started to cool off from highs. In the coming week, the focus should again be on infra, cement, CV and technology companies.
4:12 PM
MARKET CLOSING COMMENT :: Anand James, Chief Market Strategist at Geojit Financial Services
Risk appetite trickled down and equities pared gains with several cities across globe entering fresh lockdowns. Oil’s winning streak was also broken following IEA’s bleaker demand outlook. Indian equities were in the green in the first half with Bank Nifty rising over 1%, but VIX rose in the second half, and traders opted cut down long bets across sectors, going into the weekend
4:11 PM
TECH VIEW :: Ashis Biswas, Head of Technical Research, CapitalVia Global Research
The market's short-term technical conditions favoring a sideways correction is in the process. While it is subject to further price action evolution, we retain our cautious stance and advise the traders to refrain from building a new buying position until we see further improvement and breakout above 15250 (Nifty 50 Index). The momentum indicators like RSI, MACD continue showing divergence, the market is likely to take a pause around this level and stay in a range. We expect the 15230-15250 level to act as short-term resistance.
4:11 PM
TECH VIEW :: Rohit Singre, senior technical analyst at LKP Securities
Index managed to hold the bullish stream throughout the week and closed a week at 1563 with gains 1.60 percent and formed a small bullish candle on weekly chart. The index has formed good support at 15k mark any dip near said levels will be again buying opportunity for the overall targets of 15250 zone which is the strong hurdle on the higher side. The current range is 15000-15250 zone either side breakout will decide the final direction of index
4:10 PM
MARKET CLOSING COMMENT :: Vinod Nair, Head of Research at Geojit Financial Services
Market can undergo some consolidation after the sharp gains made post the reformist union budget. The broad undercurrent of the market may remain constructive especially on the small and midcaps. But the sentiment of global market will play an important role in deciding the short-term trend which is getting mixed due to weakening European market
4:01 PM
SECTOR OF THE DAY :: Metal stocks dip on weak global cues
4:00 PM
SECTOR OF THE DAY :: Nifty Bank ends 1% higher
3:58 PM
STOCK ALERT :: Titan extends losses into second day, ends 2% down
3:56 PM
STOCK ALERT :: SBI Cards and Payment Services ends marginally lower
3:55 PM
STOCK ALERT :: HDFC ends with m-cap of Rs 5.02 trillion
3:51 PM
S&P BSE MidCap index ends 0.06% higher
3:49 PM
Stocks that lifted Sensex today
3:46 PM
Sectoral trends on NSE at Close
3:45 PM
Sensex Heatmap at Close
Topics : MARKET WRAP Markets Sensex BSE NSE Nifty Nifty 50 SGX Nifty stock market Q3 results Grasim Industries Bharat Forge Glenmark Pharmaceuticals Apollo Hospitals Mazagon Dock Wall Street Dalal Street
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Feb 12 2021 | 7:58 AM IST
