Bulls reign on 1st day of 2021; Sensex ends 118 pts up at 47,869; PSBs gain

In the broader market, the S&P BSE MidCap and SmallCap zoomed 1 per cent and 0.9 per cent, respectively

3:50 PM

MARKET CLOSING COMMENT :: S Ranganathan, Head of Research at LKP Securities

Markets ended in the Green on the First Day of the New Year buoyed by record GST collections and we saw a host of stocks buzzing around in the broader market weeks ahead of the Earnings Season. TCS led the rally with the Auto numbers providing the momentum as a number of companies announced  price hikes today

3:50 PM

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

With a hope that 2021 will be a year of economic recovery, market is touching all-time highs on a daily basis. Stocks across sectors cheered with mid & small caps at the forefront. The combined effect of foreign inflows and real earnings growth can keep the market rallying going forward

3:50 PM

Market stats :: 349 stocks hit their respective 52-week highs on BSE today

3:49 PM

Rupee Closing

Rupee ends weaker at 73.12 per US dollar vs Thursday's close of 73.07/$

3:47 PM

Investors pick midcap stocks on day 1 of 2021; index up over 1%

3:46 PM

Nifty PSB index outruns benchmarks

3:44 PM

Sectoral trends on NSE at Close

3:43 PM

Sensex Heatmap at Close :: Indices witness broad-based buying

3:35 PM

CLOSING BELL

>> The Sensex index ended the day at 47,869 levels, up 118 points or 0.25 per cent. 

 

>> The broader Nifty50 closed the day at fresh closing high, above the 14,000-mark, at 14,018.5 levels, up 37 points or 0.26 per cent.

3:27 PM

BUZZING STOCK :: MSTC advances 8.5%

3:20 PM

Chemcon Speciality gains 29% in 3 days after Plutus Wealth hikes stake

On Wednesday, December 30, 2020, Plutus Wealth Management LLP purchased 1 million equity shares, representing 2.7 per cent stake of Chemcon Speciality Chemicals, for Rs 43 crore on the NSE via bulk deal, the data shows. Plutus Wealth Management bought shares at price of Rs 428.52 per share. The names of the sellers were not ascertained immediately. READ MORE

3:09 PM

CEOs expect Budget 2021 to kick-start next wave of investment cycle

Backed by several steps taken by the government and the Reserve Bank of India (RBI) including the debt moratorium scheme, the CEOs are expecting the economy to show growth next fiscal year if India succeeds in its vaccination drive.

 

A survey of 33 CEOs across India in December shows that almost 73 per cent of the respondents plan to invest more in the new year even because they expect their employees to return to work as the country rolls out vaccination in January. READ MORE
 

3:03 PM

Public sector banks rally

3:01 PM

Silver, gold futures gain

Silver

New Delhi, Jan 1 (PTI) Silver prices rose by Rs 92 to Rs 68,197 per kg in futures trade on Friday as participants widened their bets on firm spot demand. On the Multi Commodity Exchange, silver contracts for March delivery gained Rs 92, or 0.14 per cent, to Rs 68,197 per kg in 14,044 lots.

 

Gold

Gold prices rose by Rs 46 to Rs 50,197 per 10 gram in futures trade on Friday as speculators created fresh positions on a firm spot demand. On the Multi Commodity Exchange, gold contracts for February delivery traded higher by Rs 46, or 0.09 per cent, at Rs 50,197 per 10 gram in a business turnover of 10,070 lots. (Text Source: PTI)

 

2:52 PM

GST mop up rose to highest ever level at over Rs 1.15 trillion in December

Goods and services tax (GST) collections have hit a record of over Rs 1.15 trillion in December against Rs 1.04 trillion the previous month, raising hopes of economic revival. Before this, the highest GST collection was Rs 1.14 trillion in April 2019. The collections were 10.57 per cent higher month-on-month and 11.65 per cent higher on a year-on-year basis despite the fact that the base was elevated on both the yardsticks. The government had collected Rs 1.03 trillion in December 2019. READ MORE