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Economic Times | 07 Dec, 2020 | 07.23AM IST

Traders' Diary: Major support for Nifty exists at 13,000 level

Financials and HUL lead the market rally as 25 of 30 Sensex stocks end the day in the green

!1 New UpdateClick here for latest updates
10:12 PM

RBI wants to ensure current growth pickup sustains

HDFC CEO Keki Mistry says NBFCs will take a call on converting into banks only after they see in what shape do the final guidelines come.
RBI wants to ensure current growth pickup sustains
09:34 PM

Why Q2 GDP print should not make govt & RBI complacent

A strong revival of consumption demand is important for the Indian economy as it has ripple effect on other sectors. Consumption is often viewed as the driving force of India’s growth story.
Why Q2 GDP print should not make govt & RBI complacent
09:14 PM

Midcaps and smallcaps will be in a sweet spot for next 3-4 years: Nilesh Shah

Some of the sectors which represent the broader economy and which have underperformed will start to pick up, says Nilesh Shah, MD & CEO, Envision Capital.
Midcaps and smallcaps will be in a sweet spot for next 3-4 years: Nilesh Shah
08:20 PM

Dow Jones opens near record highs as grim jobs data fuels stimulus hopes

The Dow Jones Industrial Average rose 20.0 points, or 0.07%, at the open to 29989.56. The S&P 500 rose 4.2 points, or 0.12%, at the open to 3670.94, while the Nasdaq Composite rose 22.1 points, or 0.18%, to 12399.322 at the opening bell.
Dow Jones opens near record highs as grim jobs data fuels stimulus hopes
07:54 PM

What is driving the momentum in IPO market?

“The current momentum in the IPO market is being driven by ample liquidity from multiple sources. In addition to FII flows, domestic investors are flush with liquidity from gains in frontline stocks”, said Nalin Kumar, head investment banking, IDBI Capital.
What is driving the momentum in IPO market?
07:16 PM

Market Watch: How the RBI policy outcome can impact real estate & auto stocks

Tune in as we discuss takeaways from RBI policy, its impact on different sectors, and more!
Market Watch: How the RBI policy outcome can impact real estate & auto stocks
06:36 PM

Space for RBI rate cut vanishes; but ample liquidity in the system

MPC’s concern that price pressures are spreading, and the stated need for monitoring threats to price stability to anchor macroeconomic and financial stability, suggest that an extended pause is likely, despite its desire to nurture the nascent economic revival.
Space for RBI rate cut vanishes; but ample liquidity in the system
06:03 PM

Tech View: Nifty eyes further gains as bulls stage a roaring comeback

Nagaraj Shetti, Technical Research Analyst at HDFC Securities, said Nifty50 saw sharp gains on a weekly basis after a sluggish market movement in the past couple of weeks.
Tech View: Nifty eyes further gains as bulls stage a roaring comeback
05:14 PM

F&O: Bulls in total control, Options peg trading range at 12,700-13,500

Nifty has to hold above 13,100 level to witness a bounce towards 13,400 level, while on the downside, major support exists at 13,000 level.
F&O: Bulls in total control, Options peg trading range at 12,700-13,500
05:04 PM

Not participating in this market biggest risk for investors: Kela

Madhusudan Kela says the market is on a trajectory where it can attract more money.
Not participating in this market biggest risk for investors: Kela
04:48 PM

D-St investors richer by Rs 1.25 lakh crore as Sensex zooms past 45k

Talks of stimulus measures in the US also added to the momentum on Dalal Street
D-St investors richer by Rs 1.25 lakh crore as Sensex zooms past 45k
03:49 PM

Markets This Week

  • All sector indices post weekly gain
  • Nifty, Nifty Bank gain 5th week in a row
  • Nifty Small and Midcap gain for 5th week in a row
  • Nifty PSU Bank posts best week since June 7
  • Nifty Realty posts best week since Oct 25
  • Nifty Metal, Auto posts best week since June 7
03:44 PM

India VIX snaps 2-week winning streak; Nifty and Nifty Bank gain for 5th week in a row

03:43 PM

Nifty Auto, Metal post best week since June 7

03:42 PM

This is how the 30-pack Sensex moved in today's session. It touched an all-time high of 45,148.28 and a low of 44,665.91 to finally settle at 45,079.55

This is how the 30-pack Sensex moved in today's session. It touched an all-time high of 45,148.28 and a low of 44,665.91 to finally settle at 45,079.55
03:41 PM

CLOSING BELL: Sensex hits 45K for first time, ends 494 pts higher; Nifty at 13,259; ICICI Bank, UltraTech Cement advance 4% each

  • Financials and HUL lead the market rally
  • 25 of 30 Sensex stocks end the day in the green
  • Index contributors: ICICI Bank, HUL, HDFC Bank, Kotak Bank, Axis Bank
  • Top Index gainers: ICICI Bank (4.38%), UltraTech Cement (4.10%), Sun Pharma (3.64%)
  • Top Index losers: RIL (0.75%), Bajaj Finserv (0.74%), HCL Tech (0.37%)
  • All BSE sectoral indices except energy end the day in the green
  • S&P BSE BANKEX biggest sectoral gainer, up 2.14%
  • S&P BSE Energy biggest sectoral loser, down 0.60%
  • Volume toppers: HDFC, IndusInd Bank, SBI, ICICI Bank, Bajaj Finance
CLOSING BELL: Sensex hits 45K for first time, ends 494 pts higher; Nifty at 13,259; ICICI Bank, UltraTech Cement advance 4% each
03:08 PM

Sensex surges over 400 points. Here are the top index gainers

Price as on 04 Dec, 2020 03:08 PM, Click on company names for their live prices.
02:52 PM

Forex Center: This is how the major currencies are faring against each other

Forex Center: This is how the major currencies are faring against each other
02:50 PM

Technicals point to a pause in India’s rally

The last time India posted such an extreme reading was in July 2014, which was followed by a correction in September that lasted longer than a month.
Technicals point to a pause in India’s rally
02:40 PM

S&P BSE Telecom biggest sectoral gainer, up 1.7%. This is how the index stocks are faring

S&P BSE Telecom biggest sectoral gainer, up 1.7%. This is how the index stocks are faring
02:34 PM

Moody's downgrades Vedanta Resources' rating

Moody's Investors Service has downgraded the corporate family rating of Vedanta Resources Limited to B2 from B1 citing persistent weak liquidity and high refinancing needs.
Moody's downgrades Vedanta Resources' rating
02:01 PM

RBI Monetary Policy: 10 key takeaways from Shaktikanta Das's speech

RBI believes rural demand, which is already a silver lining in times of crisis, is expected to strengthen further, while urban demand is also gaining momentum.
RBI Monetary Policy: 10 key takeaways from Shaktikanta Das's speech
01:44 PM

Here are the top gainers in the real estate sector

Price as on 04 Dec, 2020 01:44 PM, Click on company names for their live prices.
01:26 PM

Airline stocks on a roll as Govt revises cap on capacity

Price as on 04 Dec, 2020 01:26 PM, Click on company names for their live prices.
12:23 PM

Keeping demand stimulated to maintain the current momentum would be critical for continuous acceleration of the economic recovery. Recently reviving market performance indicators, despite all odds and supported by government and central bank interventions, have enthused a great sense of relief across real estate markets in the country. Home loan interest rates, which are at the lowest, have played a key role in rekindling the latent demand in housing market by nudging home buyers to make purchase decisions even during the pandemic. RBI’s decision to keep the rates unchanged will keep the momentum of demand intact to provide the much needed stability , as even while there is recovery in the economy, it is still fragile and highly volatile.

- Shishir Baijal, Chairman & Managing Director, Knight Frank India

11:53 AM

Yields are down marginally post policy, as the bond markets welcomed the status quo rate action and unchanged liquidity conditions for now. However, lack of incremental monetary room, sticky inflation, higher borrowing needs and an economic rebound lowers the odds for outperformance at the long end. The short (1-3 years) and mid categories (3-5 years) remain the favoured segments for now.

- Kumaresh Ramakrishnan, CIO-Fixed Income, PGIM India Mutual Fund

11:46 AM

Select realty names surge post RBI policy meet

Price as on 04 Dec, 2020 11:46 AM, Click on company names for their live prices.
11:14 AM

The extension of the accommodative stance to the next financial year has cheered the market. However, the fear of a rising inflation rate is evident in the RBI governor's address. The supply-side issues, demand recovery, and inflow of foreign funds could fuel retail inflation.

- Deepthi Mathew, Geojit Financial Services

11:11 AM

The critical thing to notice is that RBI has indicated that dividends would not be distributed by commercial banks, which would act as a substitute for recapitalisation and provide additional security to depositors. The communication from RBI that it would take necessary steps to easy liquidity as and when required is reassuring. The other important steps of increasing contactless card transaction to Rs 5,000 and of making RTGS 24 x 7 would increase the ease and relevance of digital transactions.

- Divakar Vijayasarathy, Founder & Managing Partner, DVS Advisors LLP

10:56 AM

Financial stocks lead Sensex rally after RBI monetary policy. Here are top stocks leading the market rally

Financial stocks lead Sensex rally after RBI monetary policy. Here are top stocks leading the market rally
10:52 AM

RBI’s projection of GDP growth in line with market’s optimism: VK Vijayakumar, Geojit Financial Services

Status quo in policy rates and policy stance are on expected lines. The revision of FY21 GDP growth rate to -7.5 percent is positive. RBI’s projection of GDP growth to be positive for H2 is in line with market’s optimism. Emphasizing the multi-speed upturn in economy, the central bank has announced the extension of on tap TLTRO to stressed sectors. There is no market moving announcement in the policy, but the overall tone is positive, says VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
10:45 AM

Accommodative stance to ensure that ongoing recovery continues: Ashish Shanker, Motilal Oswal Pvt Wealth Management

RBI policy was on expected lines. They have prioritized growth over inflation. An accommodative liquidity stance will ensure access to liquidity will not be a challenge and the ongoing recovery continues to gather steam. This will help push through govt borrowings in a year where the revenues are under pressure. Guidance is better than earlier on growth and flows. This will be positive for markets, says Ashish Shanker, Deputy MD and Head of Investment, Motilal Oswal Private Wealth Management.
10:39 AM

We need to alleviate scars left by the pandemic and revive the economy: RBI Governor Shaktikanta Das

We need to alleviate scars left by the pandemic and revive the economy: RBI Governor Shaktikanta Das
10:37 AM

RBI to issue framework for bank customer grievance redressal

10:35 AM

Fiscal stimulus move to support growth-generating investment: RBI

10:34 AM

RBI to allow regional rural banks to access LAF window, MSF, call market. It has also hiked limit for contactless card transaction to Rs 5,000

10:33 AM

RTGS to be made 24x7 in the next few days

RTGS to be made 24x7 in the next few days
10:32 AM

Expect boost to corporate bonds and money markets on the back of new guidelines announced: RBI Guv

10:31 AM

RBI Guv: Banks to retain FY20 profits, not pay out dividend; to put in place criteria for declaration of dividends by NBFCs

RBI Guv: Banks to retain FY20 profits, not pay out dividend; to put in place criteria for declaration of dividends by NBFCs
10:30 AM

RBI to review guidelines on Credit Default Swaps

10:29 AM

GDP growth seen 0.1% in Oct-Dec, 0.7% in Jan-March; FY21 GDP growth seen at -7.5% vs -9.5% earlier

- Shaktikanta Das, RBI Governor

10:28 AM

RBI Governor at policy meet

  • Outlook for inflation has turned adverse in last 2 months
  • Mindful impact of RBI FX operations on liquidity
  • On-Tap TLTRO to be extended to cover other stressed sectors
RBI Governor at policy meet
10:25 AM

RBI Guv: Real GDP growth for FY21 projected at -7.5%

RBI Guv: Real GDP growth for FY21 projected at -7.5%
10:24 AM

RBI Governor: To use OMOs, operation twist and various other instruments at right time to ensure that ample liquidity available

10:23 AM

Sensex up over 300 points after RBI keeps key rates unchanged. This is how the 30-pack Sensex stocks are faring

Sensex up over 300 points after RBI keeps key rates unchanged. This is how the 30-pack Sensex stocks are faring
10:21 AM

RBI Guv: Inflation to remain elevated with some relief in winter months. Nascent signs of recovery has been visible in second half of FY21

RBI Guv: Inflation to remain elevated with some relief in winter months. Nascent signs of recovery has been visible in second half of FY21
10:18 AM

RBI continue with accommodative stance at least into next financial year, says the RBI Governor

RBI continue with accommodative stance at least into next financial year, says the RBI Governor
10:17 AM

Government borrowings have been smooth so far; seek to quickly recoup employment, output losses: RBI Guv

10:16 AM

Banks and NBFCs should give highest priority to governance: RBI

10:16 AM

RBI Guv: Remain committed to preserve financial stability; MPC voted unanimously to hold rates steady

RBI Guv: Remain committed to preserve financial stability; MPC voted unanimously to hold rates steady
10:13 AM

Inflation a constraint for monetary policy at this point, but near-term financial stability risk has been contained: RBI Guv

10:08 AM

Shaktikanta Das: MPC to monitor all threats to price stability; signs of recovery far from being broad-based

10:07 AM

RBI keeps reverse repo rate unchanged at 3.35%

RBI keeps reverse repo rate unchanged at 3.35%
10:06 AM

RBI to continue with accommodative stance as long as necessary, says Governor Shaktikanta Das

10:05 AM

RBI keeps repo rate unchanged at 4%

10:04 AM

RBI keeps key rates unchanged, maintains accommodative stance

RBI keeps key rates unchanged, maintains accommodative stance
10:00 AM

Ahead of RBI policy, S&P BSE Finance trading in the green, up 0.70%. This is how the index stocks are performing

Ahead of RBI policy, S&P BSE Finance trading in the green, up 0.70%. This is how the index stocks are performing
09:55 AM

Market leadership shifting to financials and cyclicals, says Jim O'Neill

Keeping a close eye on inflationary pressures and reliable surveys of inflation expectations together with the pace of economic recovery are going to be really important as we go into 2021, says Jim O'Neill, Chairman, Chatham House.
Market leadership shifting to financials and cyclicals, says Jim O'Neill
09:48 AM

Here are the top gainers in tourism and hospitality sector

Price as on 04 Dec, 2020 09:48 AM, Click on company names for their live prices.
09:29 AM

OPENING BELL: Sensex gains 150 points ahead of RBI policy review; Nifty tops 13,200

OPENING BELL: Sensex gains 150 points ahead of RBI policy review; Nifty tops 13,200
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