The bulls roar! Sensex wins 887 pts, Nifty ends 265 pts higher; Banks in the lead

Closing bell The bulls roared on Dalal Street on Tuesday as global fears of a significant impact on the economic recovery from the Omicron variant faded. Additionally, investors bought bank stocks a day before the outcome of the Monetary Policy Committee (MPC) meeting. After losing more than 1,700 points in the previous two trading sessions, BSE Sensex opened with a positive spread of 378 points and scooped the gains as the day progressed, reaching a high of 57 906. The Sensex reduced some gains at the close, still finished with 887 points higher at 57,634. The Nifty 50, on the other hand, climbed to a high of 17,252 and settled with a gain of 265 points at 17,177. After the reversal formation, the Nifty formed a promising bullish candle. On the intraday charts, the index also formed a higher lower formation, indicating a short-term uptrend. continue in the near future, but due to a momentum the Nifty could consolidate in the 17075-17280 range. On the other hand, below 17075 the uptrend would be vulnerable, ”said Shrikant Chouhan , Head of Equity Research (Retail), Kotak Securities. Market Dashboard: Overview of the Main Drivers and Stirrers of Trade Today The larger markets also ended with strong gains. The BSE Midcap and Smallcap indices rose more than one percent each. The overall scale was also extremely positive, with 2,328 stocks up against 952 stocks down on BSE. Tata Steel jumped nearly 4% and was the first winner among Sensex stocks. Axis Bank and ICICI Bank grew 3.5 percent each. Kotak Bank and SBI climbed 2.5% each. Asian Paints was the lone loser in BSE 30. Also Read: 5 Reasons Analysts Think ICICI Bank Could Be Next Industry Leader Among sectors, the BSE Metal index jumped 3.3%. The Bankex and Realty indices jumped 2.5 percent each. The IT, Automotive, Consumer durables, Capital goods, Electricity, and Oil and gas indices also posted strong gains. Read also: December will be a trying period for these 10 actions including Nykaa, Paytm No less than 434 stocks were locked in their respective upper circuits, while 167 stocks reached the lower trading circuit today. Talbros Automotive Component hit a new 52 week high. The stock has climbed 49% in the past six trading days, after leading investor Vijay Kedia bought nearly 2% of the company’s equity. READ MORE Click on here for more market information In the primary market, the IPO of RateGain Travel Technologies got off to a slow start and was 34% underwritten at 3:30 p.m. on the first day of the offering. The retail quota had received offers 1.9 times. ______________________________________________________________________________________________ Markets at 2:20 p.m. Live Market Update: Major benchmarks continue to hover near daily highs, led by strong gains in computer and financial stocks. BSE Sensex peaked at 57,902 and rose 1,149 points to 57,896. NSE Nifty gained 337 points to 17,249. BSE Midcap and Smallcap indexes rose 1.3% and 1, respectively. 1%. ICICI Bank was the main winner, up 4 percent to Rs 739. Axis Bank, Tata Steel, Kotak Bank, Bajaj Finance and Maruti were the other main winners. IT stocks – TCS, Infosys and Tech Mahindra rose around 1.5% each. In the broader market, CarTrade Tech hit a new all-time low and lost one percent. The title plunged 46% from its issue price. READ MORE Elsewhere in Asia, Hang Seng was up 2.5% and the Nikkei 1.9%.

Kospi and Taiwan gained 0.6% each, while Straits Times added 0.4%. China’s Shanghai Composite rose 0.2 percent. Meanwhile, European markets also started to trade on a positive note. The DAX 30 and CAC 40 jumped 1.5% each, while the FTSE 100 rose 1%. ______________________________________________________________________________________________ Markets at 12:30 p.m. LIVE Market Updates: It’s an ocean of green as market bulls rule Dalal Street. BSE Sensex was slightly below the daily high (57,771) at 12:33 p.m. and stood at 57,674 points, up 927 points.

The Nifty50 was also close to the 17,200 mark at the 17,193 level. Both frontline indices are up 1.6%.

In the broader market, the BSE MidCap and SmallCap indices underperformed and rose by less than 1% each.

Main risks for equities in 2022

After a meteoric run in 2021 that saw the S&P BSE Sensex and the Nifty50 gain 20% and 22% respectively, global stock markets, including India, are preparing to welcome 2022 on a cautious note. READ MORE

_____________________________________________________________________________________________ Markets at 11 a.m. LIVE Market Updates: Private banks fueled a stellar stock market rally on Tuesday with Kotak Bank, Axis Bank and ICICI Bank climbing 3% each on the Sensex. That aside, gains from other heavyweights like Tata Steel, Bajaj Finance, SBI, Maruti Suzuki and HDFC also supported the gains. The S&P BSE Sensex was at 57,538 levels, up 791 points or 1.4%. The Nifty50, meanwhile, was at 17,147. In the larger markets, the BSE MidCap and SmallCap indices added 0.7% and 0.9%, respectively. Among the individual actions, the actions of IFCI continued their northward movement for the second day in a row against a backdrop of high volumes. The stock climbed 9% to Rs 16.29 on BSE in intraday trading on Tuesday, and was trading closer to its 52-week high of Rs 16.40 hit on June 24, 2021. READ MORE Primary market update: The initial RateGain Travel Technologies share sale has been 16 percent underwritten so far, with the commercial portion almost fully underwritten. Arihant Capital analysts said at the high end of the IPO the company is valued at a P / BV multiple of 16x based on its net asset value per FY21 share of Rs.26 for the list of earnings. READ MORE ______________________________________________________________________________________________ Markets at 10 a.m. LIVE Market Updates: Benchmarks have recouped more than half of yesterday’s losses thanks to gains by banks and metal counters. The S&P BSE Sensex was close to the day’s high at 57,340, up 592 points. The Nifty50 was approaching 17,100 points. From a sector perspective, the Nifty Bank and Metal indices increased by 2% each, followed by the Nifty Financial Services and Realty indices, which rose by 1.4% each. Currency market: The Indian rupee opened at 75.21 to the US dollar against 75.17 / $ at Monday’s close. _____________________________________________________________________________________________ Opening bell

LIVE Market Updates: Indian stocks tried to recover from Monday’s sell-off in early trades on Tuesday, relying on firm global signals. The S&P BSE Sensex added 338 points, or 0.6%, to quote at the 57,085.5 level. The Nifty50, on the other hand, rose above the 17,000 mark, up 121 points. Twenty-nine of Sensex’s 30 constituents were in the green, led by Tata Steel (up 2%), Kotak Bank, Axis Bank, Maruti Suzuki, IndusInd Bank and SBI. The only losers in the index are Dr Reddy’s Labs (-1 percent).

In larger markets, the MidCap and SmallCap indexes rose 0.6 percent and 0.9 percent, respectively.

Among the individual actions, the actions of Indigo rose 4.7% after developers called an extraordinary general meeting (EGM) on December 30 to remove a clause from the company’s articles of association (AoA), which gives them the right of first refusal (RoFR) on the acquisition of the shares of each. Outraged, Trusted infrastructure also reached 5% of the top channel after DMRC suggested to take over the debt of the subsidiary Reliance Infrastructure up to the reward money. At the sector level, all indices were trading up more than 1 percent except the Nifty Financial Services index (up 0.8 percent) and the Nifty FMCG index (up 0.5 percent).

_______________________________________________________________________________________________ Pre-open session LIVE Market Updates: The S&P BSE Sensex gained 356 points, or 0.6%, to trade at 57,103 pre-open. The Nifty50 index, meanwhile, was at 17,027, up 115 points. ______________________________________________________________________________________________ LIVE Market Updates: Indian stocks could see some recovery from the massive selling on Monday and open higher on Tuesday. At 8:07 am SGX Nifty was 17,053 from Nifty’s spot close at 16,912 yesterday. Global supporting indices and equity specific actions will guide the markets today.

Stocks in the Asia-Pacific region surged on Tuesday, rebounding from Monday’s losses as Wall Street rallied to optimism that the risk of the omicron variant may not be as severe as feared.

The Hong Kong Hang Seng rose 1.29%, the Shanghai composite by 0.38% and Australia’s ASX200 by 0.6%. Additionally, Japan’s Nikkei 225 jumped 1.39%, while the Topix was up 1.21%. South Korean Kospi rose 0.11%. The largest MSCI index of Asia-Pacific stocks excluding Japan rose 0.64 percent. Overnight, the Dow Jones Industrial Average climbed 1.87 percent. The Nasdaq Composite exited negative territory and ended up 0.9%. The S&P 500 rose 1.1%. Primary market

RateGain Travel Technologies Ltd opens its initial three-day public offering today. The company has set a price range of Rs 405-425 per share and hopes to reap nearly Rs 1,336 crore in the upper price range of the offering.

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