Manish Hathiramani, Proprietary Index Trader and Technical Analyst, Deen Dayal Investment

14,100 posed a resistance and the markets turned red in a few minutes but the bullish undercurrent is so strong that the Nifty bounced smartly and has closed above 14,150. The next level we can aim for would be 14,200-14,250. But I would still advise caution on the long side with strict stops.

Jan 4, 2021 4:12 PM

Paras Bothra, President of Equity Research, Ashika Stock Broking.

Domestic markets scaled higher after the country's drug regulator granted approval to two coronavirus vaccines for restricted emergency use. Strong GST collection numbers together with encouraging auto sales figures also boosted hopes of a swifter economic recovery from the coronavirus pandemic. Besides, the government's key decisions of stake sale of BEML and RCF also provided measures of higher revenue in FY21.

Jan 4, 2021 4:09 PM

Market At Close

Sensex & Nifty Close At Record Highs; Nifty At 14,133 & Sensex At 48,177

Midcap Index Outperforms With A Gain Of Over 1%; Nifty Bank Ends Near Flatline

Market Breadth Firmly In Favour Of Advances; Advance-Decline Ratio At 5:2

Nifty Gains 114 Points To 14,133 & Sensex 308 Points To 48,177

Nifty Bank Falls 13 Points To 31,212 While Midcap Index Rises 298 Points To 21,389

37 Nifty Stocks Close Higher With Metals As Top Gainers; Hindalco & Tata Steel Up 7-8%

Eicher Motors Surges Over 4% On Better-than-expected Royal Enfield Sales In December

ONGC & Oil India Move Higher On Surge In Crude; Brent Above $52 & Nymex At $49/bbl

IT Stocks Rise Ahead Of Q3 Numbers; TCS & HCL Tech Top Gainers Amongst Large Caps

Hero Moto Falls 2% After December Sales Come In Lower Than Expectations

Alkyl Amines Moves 17% Higher On Co’s Plans Of Setting Up New Plants & Stock Split

Strong Q3 Updates Lead to A Gain Of 3% & 7% For Marico & JSPL Respectively

Jan 4, 2021 3:41 PM

Closing Bell | The Indian benchmark indices, Sensex and Nifty ended at record levels on Monday led by robust buying in metal and IT stocks. The Sensex ended 307.82 points or 0.64 percent higher at 48,176.80, while the Nifty gained 114.40 points or 0.82 percent to close at 14,132.90. Broader markets outperformed the benchmarks with Nifty Smallcap100 and Nifty Midcap100 ending over 1 percent higher each. Barring Nifty Private Bank, all the sectoral indices ended in the green with the Nifty Metal index rallying the most over 5 percent.

Jan 4, 2021 3:36 PM

NHPC | NHPC has signed a Supplementary Memorandum of Understanding (MoU) with Jammu and Kashmir State Power Development Corporation Limited (JKSPDCL) and Power Development Department, Govt. of UT of Jammu & Kashmir on 03.01.2021 for implementation of Ratle HE Project (850 MW) in Union Territory of Jammu & Kashmir through a Joint Venture Company (JVC).

Jan 4, 2021 3:24 PM

Market Watch: Deepak Shenoy, Capitalmind.in

On PVR

It may be an interesting play for a year. I am not getting PVR at a level of price for me to be excited enough to buy it. I will wait for movie releases or dates to come about and then figure out what to do with PVR.

On Marico

Marico is more an international play than most of the other FMCG companies here. We are going to see some kind of revival in some of the other countries. I still think that is priced to perfection. From a valuation perspective, I would rather look at a business that can grow through more quantum leaps, the growth is more than 15-20 percent. Marico is probably limited to 15-20 percent on growth. It will be a good long-term story, I am just focusing on slightly more different growth-oriented businesses.

Jan 4, 2021 3:17 PM

Jan 4, 2021 3:10 PM

Biocon | Intas Pharma gets exclusive licence to commercialize Trastuzumab injection in the US and Canada.

Jan 4, 2021 3:07 PM

Gold hits eight-week high as tighter virus lockdowns loom

Gold prices started the new year on a high by notching an eight-week peak on Monday, as spiking COVID-19 cases and prospects of tougher restrictions boosted the safe-haven metal's appeal.

Spot gold rose 1.4 percent to $1,923.70 per ounce by 0750 GMT, having hit its highest since Nov. 9 at $1,925.29, while U.S. gold futures climbed 1.8 percent to $1,928.50.

Doubts about a swift global economic rebound rose after a business survey showed the pace of expansion in China's industrial sector slowed in December. Read more here.

Jan 4, 2021 3:00 PM

GST wing, I-T department conduct survey action against Zee Group

The GST Intelligence Wing and Income Tax Department are conducting a survey action against the Zee Group. The stock has fallen in trade today on reports of inspection at several offices of the company.

The exercise is being carried out at the company's offices to probe the alleged fake tax credit claimed by the firm.

Zee Group in a statement said that the officials of the tax department visited the offices of the company with certain queries and the concerned officers are providing all the information and are extending complete co-operation.

Jan 4, 2021 2:47 PM

Motilal Oswal on Automobile

Current demand momentum and low inventory in PV/Tractor suggest stronger wholesales in the coming months. 2W OEMs, on the other hand, are expected to maintain a cautious stance, with no major inventory push. CV is expected to see sustained growth hereafter. With pent-up demand largely fulfilled, it would be critical for demand to sustain in 4QFY21 and beyond, considering the expected price hikes as well as the opening up of public transport in many parts of the globe.

Current valuations suggest the recovery is likely to sustain (our base case), leaving a limited safety margin for any negative surprises. Hence, we prefer companies with: a) higher visibility in terms of demand recovery, b) a strong competitive positioning, c) margin drivers, and d) balance sheet strength. Mahindra & Mahindra and Hero MotoCorp are our top OEM picks. Among the auto component stocks, we prefer Endurance Technologies and Motherson Sumi Systems.

Jan 4, 2021 2:40 PM

Alkyl Amines | The company will consider stock split on February 2 and will consider setting up new project including amines.

Jan 4, 2021 2:31 PM

Axis Securities’ Naveen Kulkarni lists top stock picks for 2021

Speaking with CNBC-TV18, Naveen Kulkarni, CIO of Axis Securities talked at length about NOCIL, Amber Enterprises, Solara Active Pharma and Bharti Airtel.Get latest Market online at cnbctv18.com

Jan 4, 2021 2:21 PM

Larsen & Toubro | L&T Hydrocarbon Engineering, a wholly-owned subsidiary of Larsen & Toubro, has won an order in the range of Rs 2,500-5,000 crore from HPCL Rajasthan Refinery Ltd (HRRL), a joint venture between Hindustan Petroleum Corporation (HPCL) and Government of Rajasthan.

Jan 4, 2021 2:10 PM

Jan 4, 2021 1:59 PM

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