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Equity markets add gains in late afternoon session
Jan-20-2021

Indian equity markets added gains in the late afternoon session on account of buying in front line counters.  Traders remain energized after investment through participatory notes (P-notes) in the domestic capital market rose to a 31-month high of Rs 87,132 crore at December-end, reflecting the bullish stance of FPIs. Support also came in  Union Minister Piyush Goyal has said that Logistics team in the Ministry of Commerce and Industry is trying to integrate various means of transport, documentation & stakeholders through technology platforms, into a much-simplified way of working, which will enhance the Ease of Doing Business. Besides, Goyal said that this will truly give confidence to business community & stakeholders in logistics that Center & States are working as team.

On the global front, Asian markets were trading mostly in green ahead of Joe Biden’s inauguration as U.S. president Wednesday, though worries about surging coronavirus cases sapped the Japanese market’s early gains. European markets were trading mostly in green.

The BSE Sensex is currently trading at 49796.33, up by 398.04 points or 0.81% after trading in a range of 49373.68 and 49797.13. There were 23 stocks advancing against 7 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index gained 0.94%, while Small cap index was up by 0.61%.

The top gaining sectoral indices on the BSE were Auto up by 2.08%, IT up by 1.61%, Industrials up by 1.48%, TECK up by 1.39% and Energy was up by 1.29%, while Utilities down by 0.31% and Realty was down by 0.09% were the only losing indices on BSE.

The top gainers on the Sensex were Tech Mahindra up by 2.36%, Mahindra & Mahindra up by 2.33%, Asian Paints up by 2.03%, Maruti Suzuki up by 1.89% and HCL Tech up by 1.65%. On the flip side, NTPC down by 1.46%, Power Grid down by 1.00%, HDFC Bank down by 0.78%, Kotak Mahindra Bank down by 0.56% and ITC down by 0.34% were the top losers.

Meanwhile, describing Logistics as the lifeline of the nation's economy & industry, Union Minister of Railways; Commerce & Industry; Consumer Affairs and Food & Public Distribution Piyush Goyal has said that National Logistics Policy, which is under consultation, along with the National Logistics Council and State Logistics Coordination Committee, will work as a template for better coordination and integrated development for logistics centre.

The minister further said that Logistics team in the Ministry of Commerce and Industry is trying to integrate various means of transport, documentation & stakeholders through technology platforms, into a much-simplified way of working, which will enhance the Ease of Doing Business. Besides, Goyal said that this will truly give confidence to business community & stakeholders in logistics that Center & States are working as team.

Piyush Goyal also said that logistics is about ensuring customer satisfaction, and the associated infrastructure required to achieve that is what logistics is all about. The Minister said that Logistics is all about 5R's: Getting the Right product - In the Right condition - At the Right place - At the Right time - To the Right customer.

The CNX Nifty is currently trading at 14643.85, up by 122.70 points or 0.84% after trading in a range of 14517.55 and 14646.40. There were 38 stocks advancing against 12 stocks declining on the index.

The top gainers on Nifty were Tata Motors up by 6.48%, Adani Ports up by 4.41%, Wipro up by 3.25%, Tech Mahindra up by 2.44% and Mahindra & Mahindra up by 2.35%. On the flip side, NTPC down by 1.51%, Shree Cement down by 1.29%, Power Grid down by 0.98%, HDFC Bank down by 0.84% and GAIL India down by 0.75% were the top losers.

Asian markets were trading mostly in green, Hang Seng increased 320.19 points or 1.08% to 29,962.47, Jakarta Composite soared 107.90 points or 1.71% to 6,429.76, KOSPI rose 21.89 points or 0.71% to 3,114.55, Shanghai Composite gained 16.71 points or 0.47% to 3,583.09 and Straits Times was up by 0.54 points or 0.02% to 2,996.46. On the flip side, Taiwan Weighted dropped 71.19 points or 0.45% to 15,806.18 and Nikkei 225 was down by 110.20 points or 0.38% to 28,523.26.

European markets were trading mostly in green, France’s CAC increased 17.20 points or 0.31% to 5,615.81 and Germany’s DAX was up by 41.19 points or 0.3% to 13,856.25. On the flip side, UK’s FTSE 100 was down by 7.01 points or 0.1% to 6,705.94.

 
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