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EQUITY
Post Session: Quick Review
Jan-20-2021

Indian equity benchmarks ended at fresh closing highs on Wednesday’s trading session. The start of the day was on a positive note, 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. According to Securities and Exchange Board of India (Sebi) data, the value of P-note investments in Indian markets - equity, debt, and hybrid securities - increased to Rs 87,132 crore till December-end from Rs 83,114 crore at the November-end.

Markets maintained gaining rally during whole day, as markets regulator Sebi extended relaxations for companies with regards to compliance with procedural norms pertaining to rights issues opening till March 31 amid the ongoing coronavirus pandemic. Earlier, this relaxation was given for rights issues opening till July 31, 2020, which was further extended till December 31, 2020. Besides, the government is considering to tweak norms for e-commerce companies having foreign direct investment (FDI) to prohibit them from selling products of vendors in which these online marketplaces or their parent firms hold stake indirectly.

In the last hours of the trading session, key indices added more gains to end the day on a fabulous note, after 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, European markets were trading mostly in green. Asian markets ended mostly higher on Wednesday, after China's benchmark lending rates were left unchanged as widely expected. The one-year loan prime rate was retained at 3.85 percent and the five-year loan prime rate was maintained at 4.65 percent. The one-year and five-year loan prime rates were last lowered in April 2020. The one-year loan prime rate was cut by 20 basis points and five-year rate by 10 basis points in April.

The BSE Sensex ended at 49792.12, up by 393.83 points or 0.80% after trading in a range of 49373.68 and 49874.42. There were 20 stocks advancing against 10 stocks declining on the index. (Provisional)

The broader indices ended in green; the BSE Mid cap index was up by 1.08%, while Small cap index was up by 0.58%. (Provisional)

The top gaining sectoral indices on the BSE were Auto up by 2.18%, IT up by 1.75%, Energy up by 1.55%, TECK up by 1.48% and Industrials up by 1.46%, while Utilities down by 0.29%, FMCG down by 0.20% and Telecom down by 0.02% were the only losing indices on BSE. (Provisional)

The top gainers on the Sensex were Maruti Suzuki up by 2.75%, Tech Mahindra up by 2.67%, Mahindra & Mahindra up by 1.98%, Asian Paints up by 1.98% and Reliance Industries up by 1.91%. On the flip side, Power Grid down by 1.75%, NTPC down by 1.35%, HDFC Bank down by 0.83%, ITC down by 0.59% and Nestle down by 0.44% were the top losers. (Provisional)

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 ended at 14644.70, up by 123.55 points or 0.85% after trading in a range of 14517.55 and 14666.45. There were 35 stocks advancing against 15 stocks declining on the index. (Provisional)

The top gainers on Nifty were Tata Motors up by 6.28%, Adani Ports & SEZ up by 4.84%, Wipro up by 3.42%, Maruti Suzuki up by 2.81% and Tech Mahindra up by 2.72%. On the flip side, Power Grid down by 1.75%, Shree Cement down by 1.62%, NTPC down by 1.35%, GAIL India down by 1.18% and SBI Life Insurance down by 0.85% were the top losers. (Provisional)

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.

Asian markets ended mostly higher on Wednesday ahead of Joe Biden's inauguration as US President. Also, market sentiments improved following optimism that faster rollout of corona virus vaccines and large-scale fiscal stimulus would eventually lift global economic growth. US Treasury Secretary nominee Janet Yellen called for big action on the Covid-19 pandemic and economic crisis at her Senate confirmation hearing Tuesday. Chinese shares finished higher as the country's central bank left its benchmark lending rates unchanged, as widely expected. The one-year loan prime rate was retained at 3.85 percent and the five-year loan prime rate was maintained at 4.65 percent. However, Japanese shares retreated as the US dollar slipped against the yen, while growing concerns about surging corona virus cases too added pressure on Japanese markets.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

3,583.09
16.71
0.47

Hang Seng

29,962.47
320.19
1.08

Jakarta Composite

6,429.76
107.90
1.71

KLSE Composite

1,601.54

-0.34

-0.02

Nikkei 225

28,523.26
-110.20
-0.38

Straits Times

2,998.77
2.85
0.10

KOSPI Composite

3,114.55
21.89
0.71

Taiwan Weighted

15,806.18
-71.19
-0.45
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