Market LIVE: Sensex 400 pts up, Nifty above 17.3k; auto, financials, metal shine

Indian shares were set on Friday for their best year since 2017, driven by an economic recovery from the pandemic-fuelled slump and massive liquidity, even as a raging new COVID-19 variant and valuation concerns kept investors cautious towards the year-end. Global equities are closing out a strong year, driven by a U.S. surge while Asia lagged partly because of weakness in China on regulatory curbs and a slowing economy. Bond investors are nursing losses as many central banks move toward tighter monetary settings to fight inflation. How the coronavirus and those policy shifts shape economic reopening are key for the outlook.

31 Dec 2021, 12:08:52 PM IST

PB Fintech approves investing up to ₹799 cr in Policybazaar Insurance Brokers

PB Fintech board has approved further investment of an amount not exceeding 700 crore in one or more tranches in Policybazaar Insurance Brokers Ltd, a wholly owned subsidiary of the company during the financial years 2021-22 and 2022-23, the company said today. 

Source: BSE

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Source: BSE
31 Dec 2021, 11:57:21 AM IST

Banks bring up Sensex

BSE Index Contribution

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BSE Index Contribution
31 Dec 2021, 11:53:02 AM IST

New ATM cash withdrawal rules from tomorrow

Starting 1 January 2022, bank customers will have to pay more for their ATM transactions once the free monthly limit gets exhausted. The Reserve Bank of India (RBI) had announced that the cash withdrawal charges on ATMs will be hiked from 1 January 2022. Lenders like ICICI Bank, HDFC Bank and Axis Bank have updated their website regarding the increased charges for cash and non-cash ATM transactions beyond the free monthly permissible limit for the users.

31 Dec 2021, 11:38:17 AM IST

Nifty Metal gains over 2%

NSE Metal Index

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NSE Metal Index
31 Dec 2021, 11:28:40 AM IST

Rakesh Jhunjhunwala portfolio: Experts give buy tag to this ₹150 realty stock

Indiabulls Real Estate shares are one of the three new companies in which Rakesh Jhunjhunwala bought fresh stake in July to September 2021 quarter. However, the real estate stock has been sideways for the last 3 months as it has risen from 149.95 (close price on NSE on 30th September 2021) to 158 per share levels today (at 9:24 AM). However, after the fresh breakout in Nifty Realty Index, stock market experts are highly bullish on this low priced real estate Rakesh Jhunjhunwala stock. 



31 Dec 2021, 11:17:04 AM IST

Shriram General Insurance launches new vertical to focus on rural insurance biz

Shriram General Insurance, the non-life private insurance unit of Shriram Group, has launched a separate vertical to focus on rural insurance. The company will recruit 1,500 employees and the insurance products will be available through 25,000 points-of-sale (PoS) as part of a three-year plan for rural expansion till FY25.

31 Dec 2021, 11:07:22 AM IST

Why HDFC Securities sees this multibagger IT stock to rise further in 3 months

Zensar Technologies shares are in strong uptrend on Major time frame. After making a life high in September 2021, it started correcting and halted near 380 levels which also coincide with strong demand zone on weekly chart, highlighted HDFC Securities.

Sharing the IT stock as its top e-margin positional pick based on technical trends, the brokerage and research firm said that Zensar Tech shares have also taken support of 61.8% Fibonacci level drawn by connecting low(254) and high (587).

31 Dec 2021, 10:57:09 AM IST

Rupee gains 12 paise to 74.30 against US dollar in early trade

The rupee appreciated by 12 paise to 74.30 against the US dollar in opening trade on Friday, tracking gains in domestic equity markets.

At the interbank foreign exchange, the rupee opened strong at 74.35 against the American dollar, then inched higher to 74.30, registering a rise of 12 paise from the last close.

In the previous session, the rupee surged 29 paise to close at a more than one-month high of 74.42 against the US dollar.

31 Dec 2021, 10:47:20 AM IST

Rollover Analysis – December 21: Yes Securities

Calm end to turbulent series, large whipsaws seen

Post heavy selloff in first half of the series sharp comeback from lows seen on Nifty from 16400 to back above 17,200 levels, Nifty/BankNifty finished series with losses of 1.9/6.2% each. Highlights for the Dec series were a) FII’s continue to dump heavy in cash markets b) BankNifty down ~20% from 3months highs while Nifty IT at life high levels c) India VIX ended near 16 mark as traders awaits earnings for next directional cues d) BankNifty down more than 5% on back to back series to remain volatile.

Rollovers for Nifty/Bank‐Nifty stood at 78% (1.04cr shrs)/84% (24lakh shrs) vs 83% (1.09cr shrs)/84% (23.7lakh shrs) previous month, roll cost stood near 50 points for Nifty, Market wide rolls stood at 91%vs 94% previous month. 

FII’s derivative stats indicates long short index futures ratio at 1.94x for Jan series vs 3 months avg. of 1.58x levels, while Index futures long roll stood at 99% vs 3 months avg. of 96%. On options front, Max. call/put OI on Nifty for Jan monthly series at 17.5k calls (OI 1.77mn) and 17k put (OI ~2.9mn) shares. Outlook, options vol’s hinting for comparatively lower trading band +‐600 points from 17200 ATM mark, we expect 17600 to 16700 as trading range for Nifty, sector churning is key in range setup as IT stocks showing relative strength and Banking continue to drag.


Source: NSE, YES Securities

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Source: NSE, YES Securities
31 Dec 2021, 10:36:00 AM IST

BSE SmalllCaps gain

BSE SmallCap Index

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BSE SmallCap Index
31 Dec 2021, 10:25:37 AM IST

Tech Mahindra to acquire 100% stake in US-based Allyis Group

IT major Tech Mahindra on Friday announced that the company approved the proposal to acquire 100% equity shares in Allyis India Private Limited and the company’s wholly owned subsidiary viz., Tech Mahindra (Americas) Inc approved the proposal to acquire 100% equity shares in Green Investments LLC.




31 Dec 2021, 10:14:35 AM IST

CMS Info Systems shares make a tepid market debut

Shares of CMS Info Systems made their stock market debut on the last day of the year that witnessed record number of companies raising funds through public issues. CMS Info Systems shares got listed at 220 per share on the NSE, nearly 2% premium as compared to its IPO issue price of 216 apiece. On the BSE, the stock started trading at 218.5 per share in Friday’s session. 

CMS Info Systems

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CMS Info Systems
31 Dec 2021, 10:04:05 AM IST

Markets opening view: Manish Hathiramani, proprietary…

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