Indian equity indices began the year 2022 on a strong note, gaining more than 1% on Monday. Following a robust advance, the benchmarks continued to rise on the back of healthy purchasing in the banking and finance sectors, even as investors remained wary of the recent surge of Omicron cases.
Also Read| FII & DII data: FII purchased shares worth 902 crore on NSE
The broader indices ended in green with the BSE Midcap index rising 1.10%, while the Small cap index was up by 1.19%. The top gaining sectoral indices on the BSE were Bankex up by 2.55%, Finance up by 2.38%, Metal up by 2.12%, Basic Materials up by 1.72% and Energy up by 1.53%, while Healthcare down by 0.21% was the lone losing index on BSE.
Also Read| Apple surpasses Microsoft to become first company with $3 trillion market value
The Nifty50 has formed a long bull candle on the daily chart in a sign of a strong comeback of the bulls, according to Nagaraj Shetti, Technical Research Analyst at HDFC Securities. He believes one can expect further upside in the short term. “The negative sequence of lower tops and bottoms on the daily chart is now placed at the edge, which could mean that the bearish setup is likely to be negated… Any dips from here could unfold a bullish setup like higher highs and lows,” Shetti added.
According to pivot charts, the key support levels for the Nifty are placed at 17,457.1, followed by 17,288.5. If the index moves up, the key resistance levels to watch out for are 17,720.5 and 17,815.3.
Also Read| Link PAN with Aadhaar before 31st March or pay fine up to Rs 10,000
Indian Indices
Sensex rose 929.40 points or 1.60% to 59,183.22 and Nifty was up by 271.65 points or 1.57% to 17,625.70 in the previous session. Sensex touched high and low of 59,266.39 and 58,306.45, respectively and there were 25 stocks advancing against 5 stocks declining on the index while Nifty traded in a range of 17,646.65 and 17,383.30 and there were 44 stocks advancing against 6 stocks declining on the index.
Also Read| Stock market midday report: Sensex up 395 points, Nifty around 17,700
SGX Nifty
The trends on SGX Nifty indicate a positive opening for the index in India with a 262-points gain. The Nifty futures were trading at 17,682.50 on the Singaporean Exchange around 06:10 hours IST.
Asian Markets
Asian markets finished mixed. The Shanghai Composite gained 0.57%, while the Hang Seng led the Nikkei 225 lower. They fell 0.53% and 0.40% respectively.
Also Read| NSE F&O Ban: No security has been put under ban today
US Markets
The S&P 500 rose 30.38 points or 0.6% to 4,796.56. The Dow gained 246.76 points or 0.7% to 36,585.06. The Nasdaq rose 187.83 points or 1.2% to 15,832.80. The Russell 2000 gained 27.24 points, or 1.2%, to 2,272.56.
European Markets
European markets finished mixed. The CAC 40 gained 0.90% and the DAX rose 0.86%. The FTSE 100 lost 0.25%.
Also Read| Bitcoin news daily: Data and price analysis for January 4, 2022
The Reserve Bank of India allows offline digital payments
To push digital transactions in rural and semi-urban areas, the Reserve Bank of India (RBI) on Monday issued a framework allowing offline payments up to Rs 200 per transaction, subject to an overall limit of Rs 2,000. An offline digital payment means a transaction that does not require internet or telecom connectivity. Under the offline mode, payments can be carried out face-to-face (proximity mode) using any channel or instrument like cards, wallets, and mobile devices. These transactions will not require an additional factor of authentication (AFA), the Reserve Bank of India said, adding that since the transactions are offline, alerts (by way of SMS and/or e-mail) will be received by the customer after a time lag.
Also Read| Triveni, Balrampur hit new highs as Sugar stocks rally on strong outlook
GPT Healthcare receives Sebi clearance to proceed with its IPO
GPT Healthcare, which runs the chain of ILS Hospitals, has received capital markets regulator Sebi’s go-ahead to raise up to Rs 500 crore through an initial share sale. The initial public offering (IPO) comprises fresh issuance of equity shares worth Rs 17.5 crore and an offer for sale (OFS) of up to 2.98 crore equity shares by a promoter entity and an investor, according to the Draft Red Herring Prospectus (DRHP). The OFS consists of the sale of up to 38.05 lakh equity shares by GPT Sons and up to 2.61 crore equity shares by private equity firm BanyanTree Growth Capital II LLC. The private equity firm will be fully exiting the company through the IPO. GPT Healthcare, which filed the DRHP in August, obtained its observations on December 29, 2021, an update with the Securities and Exchange Board of India (Sebi) showed on Monday. According to market sources, the IPO is expected to fetch between Rs 450 crore to Rs 500 crore.
Also Read| Hinduja Global Solutions hits record high on bonus issue plan
Maruti Suzuki’s production volume in December 2021 declines 2% YoY to 1,52,029 units
Maruti Suzuki India, the country’s largest car manufacturer, On January 3 reported a 2% year-on-year (YoY) decline in its production volume for the month of December 2021. The number of vehicles – passenger and commercial combined – produced last month stood at 1,52,029. In comparison, the carmaker had produced 155,127 vehicles in December 2020. “The shortage of electronic components had a minor impact on the production of vehicles during the month,” the company said in a regulatory filing.
Also Read| Sensex jumps over 250 points while Nifty trades around 17,700 in early trade
The government will develop policies to regulate edtech companies
Education Minister Dharmendra Pradhan on January 3 said he respects edtech firms and is not against their business growth. “But there cannot be a monopoly…you cannot exploit students,” the minister noted. He said the government’s role is that of a guardian for youngsters and his ministry has observed that some edtech firms are exploiting students in the name of loan-based courses. “We are in talks with the Ministry of Law and MeitY about how we can have a common policy on edtech platforms,” Pradhan said during an event organised by the All Indian Council for Technical Education (AICTE). The minister said last month he directed all the departments under him – school education, higher education, and skill development and entrepreneurship – to issue advisories. “Do not blindly trust the advertisements of the edtech companies. Do not sign up for any loans of which you are not aware. Do not install any mobile edtech application without verifying the authenticity,” said a recent advisory from the government.
Also Read| Gold, silver and other metal prices on January 4, 2022
AUM at Small Finance Banks is estimated to increase by 20% in FY2022
The assets under management (AUM) of small finance banks (SFBs) are expected to marginally register a growth of 20 per cent in the financial year 2020-21 compared with 18 per cent growth witnessed in the previous financial year, according to a report. However, the AUM growth will be lower compared to the compound annual growth rate (CAGR) of around 30 per cent during FY2016-20, rating agency ICRA Ratings said in a report on Monday. The agency’s Vice-President and Sector Head (Financial Sector Ratings) Sachin Sachdeva said the AUM growth of SFBs declined during H1 FY2022 after the disbursements got impacted in Q1 FY2022 due to the second wave of the pandemic. The industry is estimated to have reported an annualised growth rate of 7-8 per cent in H1 FY2022.
Also Read| US Stock Market: DJIA, S&P500, Nasdaq and Russell concluded on a positive note
Bulk Deal data
Aryaman Capital Markets Limited sold 45,600 shares in Giriraj Civil Devp Ltd to Jitendra Raichand Mehta at Rs 97.5 apiece. Similarly, Chaudhari Deepak Suresh bought 1,88,000 shares from Investino Venture LLP in Spectrum Electric Ind Ltd at Rs 53.1 a share on the NSE, the bulk deals data showed.
Lakshmi Guttikonda Vara sold 3,77,852 equity shares in Megasoft Limited at Rs 73.4 per share.
Also Read| Crypto Fear and Greed Index on January 4, 2022
Aggarwal Ajay Kumar bought 40,000 shares in Vadilal Industries Ltd at Rs 981.24 per share and Cliantha Trust sold 37,112 shares at Rs 981.09 per share on the NSE, the bulk deals data showed.
Indusind Bank Ltd Client A/C sold 20,00,000 equity shares in Zee Learn Limited at Rs 17.08 per share on the NSE, as per the bulk deals data.
Progyan Construction & Engineers Private Limited and Shri Ravindra Media Ventures Private Limited sold 19,66,120 and 9,43,000 equity shares at Rs 26.13 and Rs 25.75 apiece respectively in Vishwaraj Sugar Ind Ltd on the NSE, according to the bulk deals data.
Jatinkumar Amritlal Unadkat sold 27,200 shares in Atal Realtech Limited at Rs 149.56 per share.
Ambe Securities Private Limited bought 3,00,000 equity shares and Padmavati Investment sold 4,75,000 equity shares in Moksh Ornaments Limited at Rs 44.71 and Rs 44.52 per share on the NSE.
Also Read| Trending Stocks: Maruti Suzuki, Vedanta, Federal Bank, Marico and others in news today
DII and FII data
Foreign institutional investors (FIIs) purchased shares worth a net Rs 902.64 crore, while domestic institutional investors (DIIs) bought shares worth a net Rs 803.11 crore in the Indian equity market on January 3, as per provisional data available on the NSE.
Also Read| Stocks that should be on your watchlist on Tuesday, January 4, 2022
NSE F&O Ban
No security has been put under the F&O ban for January 4. Securities in the ban period under the F&O segment include companies in which the security has crossed 95% of the market-wide position limit.
Also Read| Fuel prices today: Petrol priced at Rs 95.41, diesel Rs 86.67 in Delhi on January 4, 2022
