Sensex gains for 2nd day, ends 437 pts up at 46,444; HUL, Infy top gainers

India VIX cooled off over 6 per cent to end at 20.5 levels

SI Reporter New Delhi

Sensex gains for 2nd day, ends 437 pts up at 46,444; HUL, Infy top gainers

9:19 AM

NSE sectoral trends :: IT, realty indices outperforming in opening deals

9:18 AM

Sensex Heatmap :: IT stocks extend rally

9:17 AM

Opening Bell :: Nifty tests 13,450 at open

9:16 AM

Opening Bell :: Sensex opens with a red tick

9:09 AM

Commodity Heatmap :: Gold. silver open marginally lower

9:08 AM

Top gainers and losers on S&P BSE Sensex at Pre-open

9:07 AM

Markets at Pre-open

9:05 AM

Markets at Pre-open

9:00 AM

Currency Outlook :: Reliance Securities

>> The Indian Rupee could start this Wednesday on a flat to weaker note against as the US Dollar continued to find safe haven demand as the new coronavirus variant in the UK could disrupt the economic recovery.

>> The Rupee could likely open around 73.85-73.90 per dollar compared with 73.84 at close on Tuesday.

>> The Rupee's trend for the day is marginally weak. RBI is expected to purchase up to Rs 100 billion of state government bonds under open market operation.

>> Meanwhile, NDF is at 73.82 this Wednesday morning vs a close of 73.94 on Tuesday.

>> Technically, the USDINR Spot pair traded on a flat note but was unable to sustain above 74.00 levels. 73.70 holds an immediate support. Resistance is at 73.98-74.12 levels.

>> The USDINR Spot pair is expected to trade in a range of 73.70-74.12 levels.

8:55 AM

NEWS ALERT :: Dilip Buildcon gets letter of acceptance for Rs 1,000 crore project

>> Dilip Buildcon Limited has received letter of acceptance (LOA) for a new EPC Project: Construction of Eight Lane access controlled Expressway starting near Junction with NH-12 near village Ummedpura to Major bridge over Takli river near Nayagaon Jageer village (Ch. 419.000-427.300) section of Delhi - Vadodara Green field Alignment (NH-148N) in the State of Rajasthan on EPC Mode (Pkg-15)

(Source: BSE filing)

8:52 AM

Top stocks to watch today

Bajaj Auto: Bajaj Auto has entered into an initial pact with the Maharashtra government for setting up a production plant at Chakan at an estimated investment of Rs 650 crore.

Wipro: Wipro on Tuesday said its up to Rs 9,500-crore share buyback programme will commence on December 29 and close on January 11, 2021. In another update, the company has inked $700 million takeover deal with Metro AG and over 1,300 staff from German company would move to the Indian firm. READ MORE

8:47 AM

Pullback rally may not last; stay cautious at higher levels: HDFC Sec

Nifty managed to hold above the low of 13,131, which was registered on December 21, 2020, and ended up forming a "Harami" candlestick on the daily charts on Tuesday. In case of such formations, movement of the following day depends on which direction market opens. Probability of trend remaining in the direction where markets open remains high after "Harami" candle formation. The recent recovery seems more like a dead cat bounce which could last for some more time but it would be advisable to remain cautious at higher levels. Nifty has got strong resistance at 13,600, while Bank Nifty has got strong resistance at 30,200-odd levels. However, sectors like IT and Pharma could outperform in the existing pullback. READ MORE

8:45 AM