Home Markets Indian Indices end higher; Nifty gains 0.5%, Sensex up by over 200 points

Indian Indices end higher; Nifty gains 0.5%, Sensex up by over 200 points

by Aamar Deo Singh (Head Advisory, Angel Broking Ltd)
Jan 12, 2021
Indian Indices end higher; Nifty gains 0.5%, Sensex up by over 200 points, Market, KonexioNetwork.com

Benchmark indices ended higher with gains led by PSU Banks and auto stocks amid mixed global trends.

Nifty went up by 0.54% or 78.70 points and closed above the 14,500-mark at 14,563.45, while S&P BSE Sensex rose by 0.50% or 247.79 points and closed at 49,517.11. Around 1,647 shares advanced, 1,387 shares declined, and 158 shares remained unchanged.

Tata Motors (7.52%), GAIL (4.68%), Eicher Motors (2.99%), SBI (3.79%), and Coal India (3.60%) were among the top Nifty gainers. In contrast, Asian Paints (3.24%), Titan Company (2.17%), Nestle (2.13%), HUL (1.99%), and Sun Pharma (1.78%) were among the top Nifty losers.

On the sectoral end, PSU Banks gained over 6% with Nifty Bank, auto, infra, and energy adding up to 1% each. BSE Midcap and BSE Smallcap rose by 0.44% and 0.25% respectively.

Mahindra Lifespace Developers Ltd.

Stocks of Mahindra Lifespace rose by 2.30% and traded at Rs. 396.00 after the company signed an MoU with State Bank of India to enable an improved and seamless experience for homebuyers.

Larsen & Toubro Infotech Ltd.

L&T Infotech is expanding its multi-year, global alliance with IBM to help businesses transform their operations via hybrid cloud adoption. The stocks of the company traded higher by 1.48% at Rs. 4,308.00.


The company bagged an order worth Rs. 67.8 crores for the establishment and maintenance of continuously operating reference stations. However, the stocks of the company declined by 0.35% and traded lower at Rs. 268.00.

RPP Infra Projects Ltd.

The company received a new work order worth Rs. 231.77 crore from the Highways Department for Chennai-Kanyakumari Industrial Corridor Projects. Following the order, the stocks of the company went up by 2.08% and traded at Rs. 68.80.

Ashok Leyland Ltd.

The company gained 22.5% in January and became the best-performing stock in the auto sector. The scrip surged by 4.10% and traded at Rs. 121.75.

Karnataka Bank Ltd.

Karnataka Bank’s stocks surged by 5.14% and traded at Rs. 67.45 after the company announced its quarter three results. The bank’s Q3 net profit rose by 10% while the net interest income rose by 20.8%.

Steel Strip Wheels Ltd.

Steel Strip Wheels’ net profit for Q3 stood at Rs. 28.7 crores against Rs. 6.3 crores in the year-ago period. The company’s revenue was also up by 52.7% YoY and stood at Rs. 524.5 crores. The stocks of the company rose by 1.85% and traded at Rs. 659.25.

Indian Rupee

Indian rupee recovered from lows and ended higher at Rs. 73.25 against the U.S. Dollar with buying seen in the domestic equity markets.

Mixed Global Market Cues

The political turmoil in Washington and the rapidly increasing COVID-19 cases weighed on the market sentiments. Global markets projected a mixed trend. FTSE 100 went down by 0.60% while FTSE MIB went down by 0.17%. In contrast, Nikkei 225 and Hang Seng rose by 0.09% and 1.32%, respectively.