Indices end higher; Hindalco emerges as top gainer
Market update at 3.30 pm: Nifty surged about 0.87 per cent at the end of the day while Sensex gained over 350 points. The broader indices too ended in the green.
It was a broad-based rally as all the sectoral indices ended in the green. Hindalco emerged as the top gainer while NTPC was the top loser.
In the end, 1,358 stocks advanced while the declining stocks were just 524.
With decisive closing above 17,300, Nifty heads into 2022 with a good sentiment.
Market update at 1 PM: The indices are trading near the day’s high. Nifty is currently trading near 17,400 while Sensex has surged nearly 500 points. It is a broad-based rally as Nifty Midcap and Nifty Smallcap are up by over 1 per cent each. Moreover, India VIX has fallen about half a per cent.
All the sectoral indices are trading in green with Nifty Metal emerging as the top gainer, which surged over 2 per cent.
It has been a great start for the January expiry as more shorts have been created at the 17,000 put options.
Stay tuned for more such updates!
Market update at 10.15 AM: Nifty and Sensex are trading higher on the first day of January expiry. Nifty surged about 0.8 per cent while Sensex gained about 350 points.
CMS Info Systems lists at Rs 200, nearly 2 per cent premium over its issue price.
Advancing stocks are 1,464 while the declining stocks stand at 365.
Overall, the first hour of the session looks good as all the sectoral indices are in green apart from Nifty IT, which is trading flat.
Pre-market update: Asian markets have opened mixed on Friday with SGX Nifty indicating flat to positive opening. Hong Kong market is significantly higher today due to good economic data.
Last night, the US markets ended slightly lower while European markets ended mixed due to the absence of global cues.
Last trading session, FIIs sold for about Rs 986 crore of equity while DIIs bought about Rs 577 crore of equity.
CMS Info Systems, the last IPO to debut in 2021, will be in focus today as it debuts on the exchanges.