Nifty Updates: Hindalco, Titan Business, UltraTech Cement, were among the top gainers.The Indian equity benchmarks ended 2021 on a positive note led by gains in metal and auto shares, although concerns about the Omicron variant of coronavirus kept investors careful worldwide.
The benchmark S&P BSE Sensex surged by 459.50 indicate 58,253.82, while the Nifty 50 increased 159.65 points greater to 17,636.60.
Hindalco, Titan Business, UltraTech Cement, Tata Motors were among the top gainers.
On the flipside, NTPC, Cipla, Tech Mahindra, Power Grid Corporation were amongst the leading laggards on the NSE.
Mid- and small-cap shares ended on a positive note as Nifty Midcap 100 index was up 1.40 per cent and Nifty Smallcap 100 index rose 1.41 per cent.
All NSE sectoral indices need in the green with the Nifty Metal, Nifty Auto indices as the top gainers.The blue-chip Nifty 50 was one of the very best entertainer among emerging markets in Asia in 2021 and exceeded the MSCI World Index which increased 17 percent.
Indian equities scaled a record high in October 2021 with the Sensex striking an all-time high of 62,245 and the Nifty rose to a record 18,604 in intraday trade.Even though equities have retreated almost seven per cent because October on concerns over high valuations and the spread of Omicron, however shares ended 2021 securing their finest gains in four years.
Bring the winning momentum forward, the Sensex has clocked a gain of 140 per cent and the Nifty 145 per cent from March 2020 lows.
Markets recuperated significantly during the week with Awesome gaining 2.24 percent and Sensex acquiring 2.16 percent.
This strong pullback and phase exhibits a stock market surge through the last five trading days of December and the first 2 days of January.In the past 10 years, Nifty has actually borne witness to this strange rise 7 out of 10 times.
FII activity in this duration has been observed to drop substantially, said Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities.Globally, stock markets dipped on Friday in thin trading however were set to see in the New Year with double-digit gains for 2021 while oil rates hovered near $80 a barrel following their greatest annual rise considering that 2009.
With numerous markets in Asia and Europe closed on Friday, trading volumes were really thin and most markets directionless.
Britain's FTSE 100, an underperformer throughout 2021, fell 0.35 percent.
Wall Street futures indicated a flat open after a late pullback on Thursday.The MSCI World Index was marginally greater and remains just 0.5 percent off record highs.
The index has actually surged 17 percent in 2021, its 3rd successive year of double-digit gains.In the currency market, the rupee rose 13 paise to settle at 74.29 (provisional) versus the US dollar on the last trading session of 2021, tracking favorable domestic equities in the middle of year-end dollar selling by banks and exporters.Back home, the items and services tax (GST) Council meeting, chaired by Finance Minister Nirmala Sitharaman, today decided that the rate trek on fabrics from 5 per cent to 12 percent will be deferred, amid objections from states and the industry.On the stock-specific front, shares of leading cash management business CMS Information Systems Limited got listed with almost two percent premium versus its problem price of Rs 216.
The stock listed at Rs 218.50 on the BSE, a premium of 1.2 per cent over the problem price of Rs 216.
Car shares rallied today ahead of the announcement of month-to-month sales figures tomorrow, with Tata Motors settling as a top gainer on the NSE.
Reliance Industries announced today that its sustainable energy arm obtained a 100 per cent stake in UK-based solar battery company Faradion Limited for a business worth of GBP 100 million.