NEW DELHI: Nifty formed a fresh lifetime high in the intraday trade and formed a bullish candle on the daily chart.
Manish Hathiramani, proprietary index trader and technical analyst at Deen Dayal Investments said, “We should now be headed to 14,800-14,900. Good support has been created at 14,200. Keeping that as a stop level, traders can time their long positions in the Nifty. A buy on dips strategy would be a prudent approach.
“An optimistic western market aided the Indian market to touch lifetime highs with new buying in segments like auto, IT and PSU bank. So far, the Q3 results are better than forecasted and this has led to continued buying across sectors. Ahead of Joe Biden’s inauguration as President, the US market is in an upbeat mood with high expectations of a big US stimulus, said Vinod Nair, Head of Research, Geojit Financial Services.
Share Market Highlights: Sensex ends 834 points higher, Nifty at 14,521; Bajaj twins, HDFC, L&T top gainers January 19,2021 17:28 IST
Sensex, Nifty Highlights on January 19: Reversing from yesterday s lows, market benchmarks rose sharply on Tuesday and closed near record highs, tracking cues from positive global equities. Sensex added 834 points today to 49,398 and Nifty gained by 239 points to 14,521. Sensex and Nifty today touched intraday high of 49,499 and 14,546. Earlier on January 13, Sensex and Nifty hit fresh lifetime highs of 49,795 and 14,653, respectively. Bajaj Finance, followed by SBI, ONGC, IndusInd Bank, Reliance Industries, HDFC and Axis Bank were among the top gainers. On the other hand, ITC and HDFC Bank were the laggards. Meanwhile, September quarterly earnings announcements by ICICI Lombard General Insurance Company, Alembic Pharma, Ceat, CSB Bank, DCM Shriram, L&T Infotech, Skipper, Tata Communications will also set the tone for the stock market today. Yesterd
Stocks to watch today on January 19: Mindtree, Indiabulls Real Estate, Maruti, YES Bank, RBL Bank, L&T Finance among others are the top stocks to watch out for in Tuesday s trading session
Read more about Gateway Distriparks consolidated net profit rises 98.36% in the December 2020 quarter on Business Standard. Sales rise 4.97% to Rs 313.80 crore
SGX Nifty points to a 70-point gap up opening for Nifty
January 19, 2021
NSE has been directed to extend the agreement of Nifty-licensed products to SGX until the arbitration concludes - Bloomberg
NSE has been directed to extend the agreement of Nifty-licensed products to SGX until the arbitration concludes - Bloomberg×
Most Asian markets are trading with one per cent gain
Bears are likely to take a pause at least in early trade on Tuesday, as the signal from SGX Nifty and Asian markets points a gap up opening of 80 points even as the US markets closed in the red overnight.