3 min read . Updated: Dec 08, 2020 10:50 am IST
- Benchmark Sensex equities jumped more than 250 points to hit its new lifetime peak in early trading Tuesday, following gains in major indices Infosys, HDFC Bank and Maruti amid persistent inflow of foreign funds.
Welcome to the Mint Live Blog. Follow this space for the latest updates on the stock market.
December 08, 2020 10:50:10 AM IST
Sensex main collaborators
See full image
December 08, 2020 10:35:46 AM IST
A 565% Stock Rally, A $ 23 Billion Indian Company But No Analyst Coverage
Adani Green Energy Ltd, a unit of one of India’s largest conglomerates, is the best performer this year among the top 100 stocks in the country. He is also the only one in that cohort without a single analyst rating.
Shares in Adani Green are up 565% in 2020 versus a gain of just 10% for the Nifty 100 index on the National Stock Exchange. The rally helped the company recently earn an entry in the MSCI India index. (Full report)
December 08, 2020 10:25:14 am IST
Rupee update
The rupee rose 10 paise to 73.80 against the US dollar in early trading.
December 08, 2020 10:20:52 AM IST
Strides Pharma Science drops 0.2%
Having sold their animal health-focused pharmaceutical company SeQuent Scientific Ltd earlier this year to private equity firm Carlyle, the promoters of Strides Pharma Science Ltd are now back on the bargain street, this time looking to get out of his 30% stake in Strides.
December 08, 2020 10:07:47 AM IST
Metals, pharmaceutical stocks under pressure
See full image
08 Dec 2020 09:56:13 AM IST
Market outlook
“The market is moving from strength to strength. One should be cautiously long in this market as we are in a resistance step. This range is between 13400-13700, so while we are likely to break through these selling pressure zones , traders should consider booking earnings at regular intervals while still staying on the long side, “said Manish Hathiramani, technical analyst and property index trader at Deen Dayal Investments.
December 08, 2020 9:47:38 AM IST
Axis Bank rises 0.5%
The central government has sold almost one crore of Axis Bank shares worth ₹600 million rupees in the last two weeks held through Sutti (Specific Commitment of Unit Trust of India). Suuti sold 61.43 lakh of Axis Bank shares between December 2 and 4, which was to seek the government. ₹Rs 374.21 crore, show the stock exchange filings.
December 08, 2020 9:37:28 AM IST
Jet Airways reaches the upper circuit
The consortium of businessman Murari Lal Jalan based in the United Arab Emirates and Kalrock Capital of London, which won the tender to reactivate Jet Airways, said on Monday that it expects to start operating the airline in the summer of 2021.
December 08, 2020 9:20:37 AM IST
Market opening
India’s benchmark stock indices opened to new highs on Tuesday amid mixed global signals. Sensex opened at 45,568.80, up 141.83 points or 0.31%, while Nifty advanced 38.10 points or 0.29% to open at 13,393.85.
NTPC, with an open greater than 2%, was the main winner of Sensex, followed by Nestlé India, ONGC, HDFC, ITC and HUL. Maruti, TechM, Bajaj Finserv, M&M and HCL Tech were among the laggards. Of the 30 Sensex shares, 25 opened higher.
See full image
December 08, 2020 9:08:52 AM IST
Market pre-opening
Indian stocks were higher in the pre-open session on Tuesday. As of 9:04 am, Sensex was at 45,598.24, up 171.27 points or 0.38%, while Nifty was up 152.85 points or 1.15% at 13,411.40.
December 08, 2020 8:45:37 AM IST
Actions to take into account
Strides Pharma, Axis Bank, Jet Airways, Canara Bank and Titan are among the top ten stocks that may be in focus on Tuesday. (Full report)
December 08, 2020 8:44:38 AM IST
Market at the close of Monday
India’s benchmark stock indices settled at new all-time highs on Monday amid persistent inflow of foreign funds and hopes for a coronavirus vaccine.
Sensex closed at 45,426.97, up 347.42 points or 0.77%, while Nifty rose 97.20 points or 0.73% to close at 13,355.75.
December 08, 2020 8:35:15 AM IST
Asia stocks drift after US withdrawal.
Asian stocks deviated on Tuesday as the surge in coronavirus infections in the United States weighed on risk assets overnight. South Korea underperformed and Hong Kong also declined. Shares rose in Australia.
Japan’s Topix index changed little.
Australia’s S & P / ASX 200 Index rose 0.2%.
The Kospi index lost 1.3%.
Hong Kong’s Hang Seng Index fell 0.6%.
The Shanghai Composite Index was flat.
SGX Nifty fell 0.4%.
December 08, 2020 8:35:15 AM IST
Nasdaq closes on record
The Nasdaq closed at an all-time high on Monday after investors moved toward mega-cap growth stocks even as a new round of covid-19 restrictions underscored the continued economic impact of the pandemic in the United States.
The Dow Jones Industrial Average fell 148.47 points, or 0.49%, to 30,069.79, the S&P 500 lost 7.16 points, or 0.19%, to 3,691.96 and the Nasdaq Composite added 55.71 points , or 0.45%, at 12,519.95.
Close
.
