Sunday, January 05, 2025 | 11:24 AM ISTEN Hindi

MARKETS: Sensex gains 484 pts as IT, financials rally; Nifty ends at 9,314

All that happened in the markets today

SI Reporter New Delhi

Options trading gathers steam in Q2; share of cash in average volumes falls

In the broader market, the S&P BSE MidCap index rose nearly a per cent to 11,671 levels

Extending its gains, the domestic equity market settled in the positive territory on Thursday amid solid buying in IT and financial stocks.

The S&P BSE Sensex climbed 484 points or 1.54 per cent to end at 31,863. Infosys (up around 5.7 per cent) contributed the most to the index's gains. Other major contributors to the gains were HDFC Bank, TCS, ICICI Bank, and Reliance Industries (RIL).

On the NSE, the benchmark index Nifty settled at 9,314 levels, up 127 points or 1.38 per cent. India VIX declined around 9 per cent to 39.01 levels.

Among buzzing stocks, Vodafone Idea surged as much as 14.89 per cent to Rs 4.55 on the BSE after its parent company, Vodafone Plc, announced that it was making an advance payment of $200 million to its India arm. The stock ended at Rs 4.33, up 9.34 per cent. READ MORE

Shares of Zee Entertainment Enterprises (ZEE) surged 14 per cent to Rs 173 on the National Stock Exchange (NSE) after foreign portfolio investors (FPIs) bought less than 1 per cent stake in the broadcasting & cable TV operators via open market on Wednesday. The stock ended around 4 per cent higher at Rs 157.55 apiece. READ MORE

Alembic Pharmaceuticals surged 10 per cent to Rs 699 on the BSE after the company's consolidated profit before tax (PBT) more than doubled at Rs 298 crore in the January-March quarter (Q4FY20), on the back of healthy revenue. The drug maker had a PBT of Rs 139 crore during the same quarter in previous fiscal. READ MORE

In the broader market, the S&P BSE MidCap index rose nearly a per cent to 11,671 while the S&P BSE SmallCap index gained over 1 per cent to 10,785 levels.

Global Markets

Caution gripped markets on Thursday, with stocks falling before a key Eurogroup meeting to discuss joint stimulus measures, offsetting optimism from a fresh round of US coronavirus aid and a recovery in oil prices. European stocks slipped 0.4 per cent and US stock futures were down 0.3 per cent after a strong show on Wednesday.

In Asia, MSCI’s broadest index of Asia Pacific shares outside of Japan bounced from two-week lows to be up 0.6 per cent at 460.43 points. Chinese shares gave up gains with the blue-chip index down 0.1 per cent. Japan’s Nikkei climbed 1.5 per cent.

South Korea’s KOSPI index rose 1.09 per cent while Hong Kong’s Hang Seng index added o.5 per cent.

In commodity markets, oil surged amid signs that producers are cutting production to weather a collapse in demand as the coronavirus outbreak ravages world economies, while the US state of Oklahoma also moved to help oil firms pump less. Brent crude was up 99 cents, or 15 per cent, at $21.36 a barrel at the time of writing of this report.

US West Texas Intermediate (WTI) futures were up 98 cents, or more than 7 per cent, at $14.76 a barrel.

(With inputs from Reuters)

4:07 PM

MARKET COMMENT | Vinod Nair, Head of Research at Geojit Financial Services

"Indian benchmark indices traded positive, boosted by financials and IT. Hopes of another stimulus package are giving some support to the markets. The rising cases of infections are a worry and markets are hoping that it will peak soon. The sustainability of this rally will depend on government measures to boost the economy and support the industries, once we emerge out of the lockdown."

3:52 PM

Sectoral gainers and losers on the NSE

3:45 PM

MARKET AT CLOSE | Top gainers and losers on the S&P BSE Sensex

3:38 PM

CLOSING BELL

The S&P BSE Sensex gained 484 points or 1.54 per cent to end at 31,863 while NSE's Nifty settled at 9,314, up 127 points or 1.38 per cent.

3:30 PM

NEWS ALERT | Sebi relaxes buyback norms, cos can raise capital after six months vs 1 year earlier: CNBC-TV18

3:24 PM

BUZZING STOCK | TCS surges over 6%

3:18 PM

Unilever withdraws guidance as virus knocks China, ice cream sales slide, Reuters reports

Consumer goods giant Unilever Plc withdrew its full-year forecast on Thursday, saying the hit from lockdowns in China and India, as well as lower ice cream sales, offset strong US and European sales of cleaning items, sending its shares down 5 per cent. Underlying sales across Asia, the Middle East and Russia, fell 3.7 per cent, as lockdowns in the quarter restricted restaurant visits and shopping in China and led to factory shutdowns that halted production in India.

3:15 PM

MARKET UPDATE | Top 5 gainers on the BSE at this hour

3:09 PM

MARKET UPDATE:: Only 2 stocks, Alkyl Almines and GMM Pfaudler, hit their respective 52-week highs on the BSE today

3:06 PM

MARKET UPDATE | Britannia erases morning gains, trades flat

3:03 PM

Earnings Alert | Network18 Media and Investment Q4 nos

>> Consolidated Operating EBITDA at Rs 225 cr vs Rs 12 cr YoY

>> Cons Operating revenue at Rs 1,464 cr vs Rs 1,231 cr YoY

3:03 PM

MARKET CHECK

2:54 PM

Alembic Pharma surges 10% on strong Q4 results; stock zooms 56% in a month

Total revenue of the company during the quarter under review grew 30 per cent year-on-year (YoY) at Rs 1,207 crore against Rs 927 crore in the corresponding quarter of previous year.

The company’s international formulations business grew 80 per cent YoY to Rs 710 crore in the quarter, while US Generics grew 84 per cent YoY to Rs 577 crore for the quarter. READ MORE