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
Impressed by HDFC Bank’s stellar Q3 numbers, analysts hike target price
January 18, 2021
Stock hits all-time record of ₹1,503
The stock of HDFC Bank recorded its all-time high on Monday as analysts remained bullish on the stock and hiked the price target after the bank unveiled strong third-quarter results.
After recording the peak of ₹1,503 intra-day, shares on the BSE closed the day at ₹1,483.20, up ₹16.85, or 1.15 per cent. HDFC Bank’s shares opened at ₹1,472.80 against its previous close of ₹1,466.35. On the NSE, the private bank hit the peak of ₹1,502.85.
Steady performance
While brokerages remained bullish on the stock, today’s rally was mainly on account of short covering in F&O as some had expected the stock to cool off, analysts said.
Positive global cues and a fall in inflation helped the sentiment. After strong results from TCS, Wipro and Infosys, all eyes will be on HCL Technologies which will come out with its December quarter numbers on Friday.
After The Bell: Profit-booking hits D-St, here’s what investors should do on Friday
The Nifty has to continue to hold above 14,000-14,050 to witness a fresh move towards 14,250 then 14,400-14,500 zones, while on the downside, major support exists at 14,000 and 13,900. January 07, 2021 / 04:47 PM IST
Profit-booking hits D-Street on January 7, pushing the Nifty in the red after hitting a record high of 14,256 in the intraday trade. The S&P BSE Sensex, too, failed to hold on to gains and closed 80 points down at 48,093. The Nifty ended 8.9 points lower at 14,137.
Sectorally, action was seen in metals, telecom, capital goods as well as realty, while profit-taking was seen in FMCG, IT, power and healthcare stocks.
Read more about Macro data, vaccination, quarterly earnings to drive markets this week on Business Standard. On a weekly basis, the Sensex advanced 895.44 points or 1.90 per cent, while the Nifty climbed 269.25 points or 1.95 per cent