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Stock Market Highlights: Nifty up 24% in 2021, Sensex 22%; Tata Motors, Wipro among top gainers

CNBCTV18 logo CNBCTV18 31-12-2021 Sandeep Singh
17:42:14 IST

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17:23:31 IST

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2021 | Nifty50 rallies 24% as IT stays in high demand, metals shine

As Dalal Street heads into the New Year, 2021 emerged the best year for Indian shares in four years. Benchmark indices Sensex and Nifty50 rallied 22 percent and 24 percent respectively in the Calendar Year 2021 -- their best annual returns since 2017. All sectors finished the year in the green -- the first such instance in at least the past five years.

In 2021, the 30-scrip index added 10,642.8 points and the broader Nifty50 gauge gained 3,414.6 points. Broader markets also rewarded investors with significant gains. The Nifty Midcap 100 index galloped 46.1 percent and its smallcap counterpart 59.3 percent. (Read more on what 2021 meant for Dalal Street investors)

16:34:16 IST

2022 to be more volatile but still very good for investors: Axis Securities' Naveen Kulkarni

Naveen Kulkarni, Chief Investment Officer at Axis Securities, said 2021 was a year of recovery, rehabilitation and establishment of a base for future growth. "2022 will be a little more volatile but will still be very good for equity investors in India. 2022 is very likely to be another year of good double-digit returns and continued wealth creation," he said.

"Autos, banks and capital goods, literally the 'ABC' of equity markets, will be the most interesting sectors for 2022,” he added.

16:15:44 IST

Don't think Vodafone Idea stock can move beyond Rs 18-20 levels for now: Ambareesh Baliga 

Independent market expert Ambareesh Baliga believes the Vi stock cannot move beyond Rs 18-20 levels for the time being. "At Rs 15, I would say it's a bit risky. I was one of the very few guys who were betting on survivor of Vodafone Idea, because like I said at that time also, the government cannot afford to have the shutdown and you can't have two players in the market. I think all that is already there in the price now. The telecom sector overall is betting on higher ARPUs in 2022. I'm quite sure that is going to be there. But as far as Vodafone Idea is concerned, possibly for next three-four years, it is there for sure. Growth beyond that will clearly depend on how well it is able to position itself as far as the ARPUs are concerned. Even as of now, there's a huge difference between Jio and Vodafone Idea ARPUs. That has to catch up."

"We will have to see whether they are able to add more customers because they have been losing subscribers in the whole of the last 18 months. If all these things fall in place, yes, there could be a very decent upside," he added.

15:58:04 IST

Investors should focus on capital preservation in 2022: Ambareesh Baliga

Independent market expert Ambareesh Baliga's New Year message to investors: "2022 should be a year where you should focus on capital preservation than trying to get that alpha."

15:56:04 IST

Market in 2021 | How, Sensex, Nifty, other indices fared 

Index Return in 2021 (%)
Sensex 22
Nifty50 24.1
Nifty Midcap 100 46.1
Nifty Smallcap 100 59.3
Nifty Bank 13.5
Nifty Auto 19
Nifty Financial Services 14
Nifty FMCG 10
Nifty IT 59.6
Nifty Media 34.6
Nifty Metal 69.7
Nifty Pharma 10.1
Nifty PSU Bank 44.4
Nifty Private Bank 4.6
Nifty Realty 54.3
Nifty Healthcare 18.3
Nifty Consumer Durables 46.1
Nifty Oil & Gas 33
15:55:11 IST

Market in 2021 | Best year for Sensex, Nifty since 2017

Here are some highlights: 

--Sensex rises 22%, Nifty 24%; best year for both since 2017

--Nifty Bank gains 13.5%; midcap index rises 46%

--Tata Motors top Nifty gainer, up 162%; Hero MotoCorp top loser, down 21% 

--F&O gainers: Adani Enterprises, IEX, Persistent rise over 200% 

--RBL Bank sheds 45% 

--All sectoral indices in the green; Nifty Metal biggest sectoral gainer

15:48:02 IST

Market At Close | Broader indices outperform Sensex, Nifty on last day of 2021

Here are some highlights of the last trading session of 2021:

--Nifty Bank, midcap index up 1%

--All NSE sectoral indices in the green; Nifty Metal, Nifty Auto top gainers

--Only 6 Nifty stocks in the red; NTPCCipla top losers

--Financial stocks contribute most to Friday’s Nifty gain; HDFC Bank, Kotak Mahindra Bank top index movers

--Market breadth in favour of bulls; advance-decline ratio at 3:1

15:42:28 IST
Nifty50 rises 24% in 2021, Sensex 22%
 
The Nifty50 gained 3,372.3 points in 2021, a return of 24.1 percent. The 30-scrip index gained 10,502.5 points, a return of 22 percent. 
 
That marked the best year for both benchmarks since 2017. 
  15:37:53 IST

Closing Bell | Sensex up 460 points at 58,254, Nifty50 above 17,350

The 30-scrip index ended 459.5 points or 0.8 percent higher at 58,253.8 and the broader Nifty50 benchmark settled at 17,354.1, up 150.1 points or 0.9 percent from its previous close. 

15:30:39 IST

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.

15:20:09 IST

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Technical Stock Picks | Intellect Design, NIIT, Birlasoft and other stocks analysts recommend now

Equity benchmark Nifty50 is finishing the year 2021 with a return of 24 percent. It is about seven percent from an all-time peak, reached in October. Has the recent sell-off created any short-term opportunities for traders on Dalal Street?

Analysts have handpicked a few stocks to make the most of the current juncture in the market. On their playbook now are ICICI Bank, Mahindra & Mahindra, Intellect Design, NIIT and Phillips Carbon, and other stocks. (Check out the complete list of stocks to buy for the short term now)

15:20:03 IST

Nifty Metal rises 2%, emerges best sectoral performer on NSE

15:17:22 IST

I-T dept widens probe against Chinese mobile manufacturing companies in India

Search operations at Xiaomi, Oneplus, Realme, Vivo facilities have concluded while search operation at Oppo’s premises is still underway. All 5 companies were selling products to distributors via one parent.

15:10:12 IST

Zydus Cadila receives tentative US FDA nod for Pimavanserin capsules

The FDA has tentatively approved Zydus Cadila's US subsidiary Zydus Pharmaceuticals (USA) Inc. to market Pimavanserin Capsules in the strength of 34 mg, the pharma company announced on Friday. Pimavanserin is an atypical antipsychotic used to treat hallucinations and delusions associated with psychosis caused by Parkinson's disease.

15:03:30 IST

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.

14:56:01 IST

Sri Lanka, Indian Oil Corp unit to sign oil tank restoration deal

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. The island nation is facing dwindling foreign exchange reserves and has nearly $4.5 billion worth of debt repayments in 2022, prompting it to look at innovative ways to bring in foreign exchange.

14:41:07 IST

Aditya Birla Health Insurance gross written premium jumps 39 pc to Rs 764 cr in H1 FY22

Aditya Birla Health Insurance has clocked a 39 per cent jump in its gross written premium during the first half of the current fiscal at Rs 764 crore. The health insurer has also completed five years of its existence recently and covered as many as 16 million (1.6 crores) lives to date.

14:30:19 IST

PAT up 32% in 3 years, orderbook at Rs 1,550 crore: CMS Info Systems' Rajiv Kaul

CMS Info Systems Ltd on Friday listed with nearly 2 percent premium against its issue price of Rs 216. The stock listed at Rs 218.50, a gain of 1.15 percent on the BSE. It further jumped 12.84 percent to Rs 243.75. Speaking to CNBC-TV18, Rajiv Kaul, Executive Vice Chairman, Whole Time Director & CEO of CMS Info Systems said, “In the last two years, our PAT has grown at a cumulative rate of almost 32 percent, including a year in which there was massive COVID impact to the country and to the business.”

14:21:22 IST

Market update |  Sensex is up 453.69 points or 0.79 percent at 58,248.01, and the Nifty added 173.80 points or 1.01 percent at 17,377.80.

  14:12:33 IST

Market Watch: Jay Thakkar, Marwadi Shares and Finance

- Buy Britannia Industries with a stop loss of Rs 3,534 and a target of Rs 3,702-3,788.

- Buy JSW Steel with a stop loss of Rs 640 and a target of Rs 703.

14:01:05 IST

Market Watch | Hemen Kapadia, KRChoksey Securities

- Buy Info Edge with a stop loss of Rs 100 and a target of Rs 200.

- Buy Britannia Industries with a stop loss of Rs 3,550 and a target of Rs 3,700.

13:53:15 IST

MRC Exim signs an engagement letter to form a JV company

MRC Exim has signed an engagement letter to form a joint venture entity and to enter into a joint venture agreement with Quanto Agroworld for the purpose of entering into the agricultural field for the cultivation of lemongrass across India.

13:41:07 IST

Rupee gains 12 paise to 74.30 against US dollar    

The rupee appreciated by 12 paise to 74.30 against the US dollar 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.              

13:32:23 IST

Centre approves 19th tranche of electoral bonds; sale opens on Jan 1

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.

13:23:47 IST

PB Fintech shares jump 5%

Shares of PB Fintech rose 5 percent on the BSE on Friday as the internet-based insurance company approved an investment of up to Rs 700 crore in one or more tranches in its 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.

13:11:27 IST

B&K Securities initiates coverage on Nazara Tech with 'buy' rating

The brokerage has assigned a target price of Rs 3,287 to Nazara Technologies. The company's market leadership position across verticals is expected to enable robust revenue growth over the next decade as the gaming ecosystem continues to evolve, B&K Securities said. 

Nazara Technologies shares were flat at Rs 2,301.1 apiece on BSE in afternoon deals. 

13:04:57 IST

CNBC-TV18 Exclusive | GST Council unanimously decides to defer hike rate on textiles from 5% to 12%, say sources        

The matter will be discussed again in the next meeting of GST Council for the future roadmap, they said. 

The proposed hike in GST on textiles was to come into effect from January 1.

12:54:21 IST

Motilal Oswal initiates coverage on Indigo Paints with 'buy' rating

Motilal Oswal Financial Services has initiated coverage on Indigo Paints with a 'buy' rating and a target price of Rs 2,270. (Read more)

Indigo Paints shares were up 10.7 percent at Rs 2,150.2 apiece on BSE, having surged as much as 15.7 percent earlier on Friday. 

12:50:47 IST

Worst over for Bank Nifty, positive on pharma, IT indices: Goldilocks Premium Research's Gautam Shah

Gautam Shah, Founder and Chief Strategist at Goldilocks Premium Research, believes the worst might be over for the Bank Nifty. "In two years, the Bank Nifty hasn't done anything substantial. But now, there are concrete indications on the charts that possibly the worst could be over. All we need is a confirmation past 35,500. Once we get that, you could see a large move on the Bank Nifty all the way back to 37,500-38,000 levels and even beyond," he said. (Read more)

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