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India Stocks Review:Nifty 50 ends above 17900, small-caps outshine

Informist, Monday, Sep 12, 2022

 

By Vidya Sreedhar

 

MUMBAI – Domestic equities ended higher today and the benchmark Nifty 50 closed above 17900 points on the back of gains in information technology companies, some banks and metal producers. 

 

The 50-stock index, however, struggled to take the momentum further and inch towards the psychologically-crucial 18000-point mark as investors were apprehensive of the prevailing global uncertainties and therefore, reluctant to take aggressive risky bets.

 

The Nifty 50 had last tested 18000 points in early April. 

The Nifty 50 and Sensex touched a high of 17980.55 points and 60284.55 points, respectively, intraday driven by technology stocks that rose tracking global peers. 

 

But bouts of profit booking pulled them off highs. The Nifty 50 ended 0.6% higher at 17936.35 points and Sensex closed 0.5% up at 60115.13 points. 

 

Investors took calculative bets as they awaited India’s retail inflation data, due later today, and US inflation data that will be released on Tuesday.  

 

While India’s retail inflation is likely to have inched higher last month, in the US, prices have likely cooled off month-on-month.   

  

Though headline indices struggled to gain, the momentum in the broader market was stronger. The

small-cap indices on the NSE hit an over four-month high today. 

 

Prominent gainers in the mid- and small-cap segments included those in real estate, defence, media, fertilisers, and new-age technology companies. 

 

Shares of Hindustan Aeronautics rose for the 12th straight session today, marking their longest-ever gaining streak, and touched a lifetime high of 2,638.35 rupees due to strong outlook for earnings growth. 

 

The stock has been reportedly added to the Asia Pacific ex-Japan focus list by Morgan Stanley. 

 

Expectation of strong housing demand propelled shares of real estate companies higher. Some cement stocks

succumbed to profit booking after the recent gains, and Shree Cement was among them.    

 

* Among Nifty 50 stocks, 34 rose, 15 fell, and one was unchanged

* Among Sensex stocks, 18 rose, and 12 fell

* On the BSE, 2,189 stocks rose, 1,394 fell, and 176 were unchanged

* Nifty Realty: Up 2.2%; Nifty Media: Up 1.9%; Nifty Smallcap 100: Up 1.3%

BSE                                                 National Stock Exchange
Sensex: 60115.13, up 321.99 pts (0.5%)              Nifty 50: 17936.35, up 103 pts (0.6%) 

S&P BSE Sensitive Index                             Nifty 50
Lifetime High: 62245.43 (Oct 19, 2021)           :  Lifetime High: 18604.45 (Oct 19, 2021)
Record Close High: 61765.59 (Oct 18, 2021)       :  Record Close High: 18477.05 (Oct 18, 2021)

2022 1st day close: 59183.22 (Jan 3)             :  2022 1st day close: 17625.70 (Jan 3)
2022 Closing High: 61308.91 (Jan 17)             :  2022 Closing High: 18308.10 (Jan 17) 
2022 Closing Low: 51360.42 (Jun 17)              :  2022 Closing Low: 15293.50 (Jun 17)
2022 High (intraday): 61385.48 (Jan 17)          :  2022 High (intraday): 18321.55 (Jan 17)

2022 Low (intraday): 50921.22 (Jun 17)           :  2022 Low (intraday): 15183.40 (Jun 17)
2021 Closing High: 61305.95 (Oct 14)             :  2021 Closing High: 18338.55 (Oct 14) 
2021 Closing Low: 46285.77 (Jan 29)              :  2021 Closing Low: 13634.60 (Jan 29)
2021 High (intraday): 61353.25 (Oct 14)          :  2021 High (intraday): 18350.75 (Oct 14)
2021 Low (intraday): 46160.46 (Jan 29)           :  2021 Low (intraday): 13596.75 (Jan 29)-

2020 Closing High: 47751.33 (Dec 31)             :  2020 Closing High: 13981.95 (Dec 30)
2020 Closing Low: 25981.24 (Mar 23)              :  2020 Closing Low: 7610.25 (Mar 23)
2020 High (intraday): 47896.97 (Dec 31)          :  2020 High (intraday): 14024.85 (Dec 31)
2020 Low (intraday): 25638.90 (Mar 24)           :  2020 Low (intraday): 7511.10 (Mar 24)
2019 High (intraday): 41809.96 (Dec 20)          :  2019 High (intraday): 12293.90 (Dec 20)
2019 Low (intraday): 35287.16 (Feb 19)           :  2019 Low (intraday): 10583.65 (Jan 29)
2018 High (intraday): 38938.91(Aug 28))          :  2018 High(intraday): 11760.20 (Aug 28)
2018 Low (intraday): 32483.8 (Mar 23)            :  2018 Low (intraday): 9951.9 (Mar 23)
2017 High (intraday): 34005.37 (Dec 26)          :  2017 High(intraday): 10515.10 (Dec 26)

End

 

Edited by Vandana Hingorani

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

 

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Source: Cogencis

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