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Indian equity benchmarks Sensex and Nifty50 closed on a high note on Friday, the last trading session of 2021, though concerns about the Omicron variant of COVID-19 kept investors on the back foot globally. At close, the Sensex was up 459.50 points or 0.80% at 58,253.82, and the Nifty was up 150 points or 0.87% at 17,354. About 2335 shares have advanced, 947 shares declined, and 90 shares are unchanged.
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Wall Street opens little changed on final trading day of 2021
Wall Street’s main indexes were subdued at open on Friday, looking to clock a third straight annual gain in a year fueled by massive stimulus, COVID-19 vaccine rollouts, and a strong retail participation.The Dow Jones Industrial Average fell 12.23 points, or 0.03%, at the open to 36,385.85. The S&P 500 opened lower by 3.52 points, or 0.07%, at 4,775.21, while the Nasdaq Composite dropped 18.66 points, or 0.12%, to 15,722.91 at the opening bell.
In 2021, the S&P 500 almost partied like it was 1995
- Back in 1995, the S&P 500 rose 34.1%. The next year, it only recorded 39 record-high closes, and its gain slowed. Nevertheless, it turned out to be a very respectable 20.3% rise.
- Not including this year, the SPX has averaged about 14 record-high closes per year.
- Prior to 2021, the S&P 500 has registered more than 40 record-high closes in any single year 13 times.
- Additionally, from 1929 to 2020, the S&P 500 has posted an average yearly change of +7.4%. The average yearly change in the years following more than 40 record-high closes is +4.4%
PNB approves divestment of entire stake in India SME Asset Reconstruction Company
Aurobindo Pharma approves transfer of vaccine business undertaking comprised in unit-18 to Auro Vaccines
NCLT clears demerger of non-airport business of GMR Infrastructure
CCI orders investigation into Apple’s business practices in India
2021 witnessed a strong recovery amid continuing challenges from subsequent variants and ended positive today. India outperformed most global peers supported by robust retail participation, economic recovery, vaccine coverage and a rising appetite for Indian goods & services. Despite lingering fears surrounding surging Omicron cases, the domestic market is expected to maintain its resilience supported by a healthy long-term growth forecast & reforms undertaken.
– Vinod Nair, Head of Research at Geojit Financial Services
The best Nifty performer
#MarketsWithETNOW | Did you know? Tata Motors is the only #Nifty stock to more than double this year #TataGroup… https://t.co/lDHnttmHSw
— ET NOW (@ETNOWlive) 1640945509000
Nikhil Kamath’s advice for retail investors – adjust your expectations for 2022
“I am a bit worried about what will happen to retail investors who made money so quickly when the same is not repeated next year. So many people have gotten used to an unbelievable pace of rally and they will have to readjust the goal post and look for things which are far more reasonable,” says Nikhil Kamath, Co-Founder & CIO, Zerodha.
Markets traded firm on the last trading day of 2021 and gained nearly a per cent. The tone was upbeat from the beginning. However, profit-taking in the latter half marginally trimmed the gains. Healthy buying in heavyweights from metal, auto and banking space supported the rally. Though we’re seeing steady recovery so far, rising Covid cases and precautionary restrictions imposed by a few key states could dent the sentiment ahead. On the other hand, the participation of the banking index is certainly encouraging, which may help Nifty to test the 17,500. We reiterate our view to focus on themes/sectors trading in sync with the benchmark and align the positions accordingly.
– Ajit Mishra, VP-Research, Religare Broking
Gold gains Rs 144; Silver jumps Rs 664
Gold price in the national capital on Friday gained Rs 144 to Rs 46,874 per 10 gram in line with strong international precious metal prices, according to HDFC Securities. In the previous trade, the yellow metal settled at Rs 46,730 per 10 gram. Silver also jumped Rs 664 to Rs 61,015 per kg from Rs 60,351 per kg in the previous trade.
Rupee rises 6 paise to close at 74.36 (provisional) against US dollar
No hike in GST on textiles from 5% to 12%. Decision deferred
Market Statistics: Market breadth in favour of advances
Nifty Metal gains 70%to post best year in over a decade
BSE midcap and smallcap indices rose over 1% each
Nifty IT posts double digit gain to end as best sector index in Dec
Nifty Bank gains over 10%, underperforms 2nd year in a row
Nifty gains over 1% in Dec after falling 5% in Nov
Sensex Heatmap: Top gainers and losers of today’s session
CLOSING BELL: Sensex ends 460 points higher on last day of 2021; Nifty tops 17,350; Indigo Paints, Voda Idea surge 10% each
Year in review
#MarketsWithETNOW | #Nifty gains over 20% to post best year since 2017, rallies 6th year in a row Here's the yea… https://t.co/leTk9iTNSL
— ET NOW (@ETNOWlive) 1640944800000
Zydus Cadila receives USFDA nod for Pimavanserin capsules
Price as on 31 Dec, 2021 03:29 PM, Click on company names for their live prices.
Oil heads for biggest annual gains since 2009
Oil prices edged down on Friday but were set to post their biggest annual gains in 12 years, spurred by the global economic recovery from the COVID-19 slump and producer restraint, even as infections surged to record highs around the world. Brent crude futures fell 3 cents to $79.50 a barrel at 0718 GMT, while U.S. West Texas Intermediate (WTI) crude futures dropped 10 cents, or 0.1%, to $76.89 a barrel.Brent is on track to end the year up 53%, while WTI is heading for a 58% gain, the strongest performance for the two benchmark contracts since 2009, when prices soared more than 70%. Both contracts touched their 2021 peak in October with Brent at $86.70 a barrel, the highest since 2018, and WTI at $85.41 a barrel, the loftiest since 2014. Global oil prices are expected to rise further next year as jet fuel demand catches up.
Most active stocks in afternoon session
Price as on 31 Dec, 2021 03:10 PM, Click on company names for their live prices.
India VIX eases over 1%
I am assuming it is harder for someone to walk into the market and suddenly make 40-50% returns and then continue to have the resolve to make returns which is one-tenth of that, maybe 5% and continue to remain rational when that happens. I do not know if it will work out in that way. I am a bit worried about what will happen to retail investors who made money so quickly when the same is not repeated next year.
– Nikhil Kamath, Zerodha
NIFTY METAL rises 2%, emerges best sectoral performer on NSE
Sri Lanka will sign a deal with Lanka Indian Oil Corporation (LIOC) to restore 75 oil tanks as the country moves to secure a $500 million fuel credit line from India, its energy minister said on Friday.
Price as on 31 Dec, 2021 02:02 PM, Click on company names for their live prices.
EaseMyTrip looking for more acquisitions next year
BSE-listed Easy Trip Planners, popularly known as EaseMyTrip, will look at more acquisitions next year, besides growing organically, co-founder Prashant Pitti said. EaseMyTrip announced plans to acquire brands such as Spree Hospitality and YoloBus this year and it wants to expand its non-air business, Pitti said.
Tech Mahindra to acquire 100% stake in Allyis India, Green Investments
Price as on 31 Dec, 2021 01:43 PM, Click on company names for their live prices.
Bitcoin faces uncertain 2022 after record year
The price of bitcoin hit record highs in 2021 thanks to support from traditional finance, but cryptocurrency specialists are struggling to predict next year’s outcome for the volatile sector. Having more than trebled in value to $60,000 between December 2020 and April, bitcoin has lost some shine to trade at under $50,000 heading into the new year.
Markets can be more discerning in 2022 and hence sticking to high quality companies and maintaining your planned asset allocation remains key for a better outcome from 2022.
– Dhiraj Relli, MD & CEO, HDFC Securities
GST hike on textile has been deferred, sources say
Price as on 31 Dec, 2021 01:09 PM, Click on company names for their live prices.
Top 10 gainers on NSE
Price as on 31 Dec, 2021 01:01 PM, Click on company names for their live prices.
Top Sensex contributors
New Year party on D-Street; Sensex surges 575 points
BSE SMALLCAP index rises over 1%; these are top gainers & losers from pack
Nifty fair value pegged at 20,000: ICICIDirect
Midcaps, small caps gave stellar returns in CY21. This is expected to continue in CY22E driven by inherent business moats as the earnings CAGR for midcap, small cap in FY21-23E is expected at ~39%, 28%, respectively. Going forward, innovative themes present in the midcap & small cap space (like speciality steel chemicals, home textiles, CRAMS, etc), superior earning potential and reasonable valuations (trades at <20x PE on FY23E, ~0.5x PEG) make us believe that more upsides are in store for investors.
IT sector weak in today’s trade
Price as on 31 Dec, 2021 11:26 AM, Click on company names for their live prices.
Govt approves 19th tranche of electoral bonds; sale opens on Jan 1
Ahead of assembly elections in five states, the government on Thursday approved the issuance of the 19th tranche of electoral bonds, which will be open for sale from January 1 to 10. Electoral bonds have been pitched as an alternative to cash donations made to political parties as part of efforts to bring transparency in political funding. However, Opposition parties have been raising concerns about alleged opaqueness in funding through such bonds.
Reliance buys British battery firm for GBP 100 mn
Price as on 31 Dec, 2021 10:46 AM, Click on company names for their live prices.
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.
Top 10 losers in today’s morning trade
Price as on 31 Dec, 2021 10:39 AM, Click on company names for their live prices.
PB Fintech jumps 5% as firm to invest up to Rs 1,000 cr in two subsidiaries
Shares of PB Fintech soared 5 per cent in Friday’s session as the insurance company approved an investment of up to Rs 700 crore in one or more tranches in subsidiary Policybazaar Insurance Brokers Private Limited during FY22 and FY23, and up to Rs 299.99 crore in subsidiary Paisabazaar Marketing and Consulting Private Limited.
MOSL initiates coverage on Indigo, with a target price of Rs 2270
Price as on 31 Dec, 2021 10:09 AM, Click on company names for their live prices.
ITC will launch a host of plant-based meat products, in anticipation of the burgeoning demand for meat substitutes and vegan meals in India.
Price as on 31 Dec, 2021 09:53 AM, Click on company names for their live prices.
2022 is likely to witness better performance from financials. Higher GDP growth, improving capex, rising credit demand, declining NPAs and rising profitability augur well for the banking segment. However, an important factor would be FII activity. If FIIs continue to press sales in early 2022 also, banking stocks will remain subdued. But, with India’s GDP expected to grow at 8% in FY 23, FIIs are likely to stage a comeback. Since exports are doing well, segments like pharmaceuticals, speciality chemicals and textiles can be outperformers in 2022. In IT, large-caps are safer than the highly valued mid-caps.
– Dr. VK Vijayakumar, Cheif investment Strategist at geojit financial services
NEW LISTING: CMS Info Systems set for flat start
Gold rises but set for worst show in 6 years
Gold prices traded higher in the final session of 2021, but are set for the worst performance in the last six years. Gold futures on MCX gained 0.11 per cent or Rs 55 at Rs 47,940 per 10 grams. Silver futures were up 0.15 per cent or Rs 96 at Rs 62,256 per kg. The yellow metal got its mojo back on weak jobless claims data and mixed global cues. US Treasury yields dipped, increasing the bullion’s appeal by reducing its opportunity cost.
Most active stocks on NSE
Price as on 31 Dec, 2021 09:24 AM, Click on company names for their live prices.
Nifty tops 17,300 level
All sectors trade in the green
OPENING BELL: Sensex rises 230 points, Nifty50 nears 17,300; IDFC surges 10%, Suzlon 5%
Pre-open session: Sensex rises 10 points, Nifty50 at 17,220
Oil heads for biggest yearly gains since 2009
Oil prices fell 1% on Friday but were set to post their biggest annual gains in 12 years, spurred by the global economic recovery from the COVID-19 slump and producer restraint. Brent crude futures were on track to end the year up 53%, while US crude futures were headed for a 57% gain, the strongest performance for the two benchmark contracts since 2009, when prices soared more than 70%.
SGX Nifty signals a flat start
Nifty futures on the Singapore Exchange traded 1.5 points, or 0.01 per cent, higher at 17,296.50, signalling that Dalal Street was headed for a flat start on Friday.
Tech View: Nifty50 preparing for decisive move
Nifty50 on Thursday settled the December futures and options series above the 17,200 level. The index formed an indecisive Doji candle on the daily chart for the second straight session as traders were unsure of the market direction ahead of the New Year. The indecisive formations at the upper boundary of a downsloping channel are an indication that Nifty50 is preparing itself for a decisive move in either of the directions.
Hong Kong stocks up at open
Hong Kong stocks opened with gains on Friday, shaking off a weak lead from Wall Street on the final trading day of the year. The Hang Seng Index jumped by 405.42 points, or 1.75 percent, to 23,517.43. The Shanghai Composite Index was up 6.16 points, or 0.17 percent, to 3,625.35, while the Shenzhen Composite Index on China’s second exchange rose 3.62 points, or 0.14 percent, to 2,520.78.
Japan, Korea markets closed for holidays
Financial markets in Indonesia, Japan, South Korea, Taiwan and Thailand are closed on Friday for public holidays.
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