Indian equity benchmarks finished at a near two-month high on Monday, extending gains for the second consecutive day, amid widespread buying, with Capital Goods and Realty sectors in high demand.

The broader indices ended in green with the BSE Midcap index rising 0.69%, while the Small cap index was up by 1.19%. The top gaining sectoral indices on the BSE were Capital Goods up by 2.27%, Realty up by 1.90%, Industrials up by 1.87%, Bankex up by 1.75% and Auto up by 1.70%, while there were no losing sectoral indices on the BSE.

Also Read| Trending Stocks: TCS, PB Fintech, 5paisa, Paytm, RSTL and others in news today

The Nifty50 has formed a long bull candle on the daily chart, with a lower degree of higher highs and higher lows, according to Nagaraj Shetti, Technical Research Analyst at HDFC Securities. 

The index has gained momentum after taking out the resistance level of 17,950, he said.

According to pivot charts, the key support levels for the Nifty are placed at 17,915.87, followed by 17,828.43. If the index moves up, the key resistance levels to watch out for are 18,054.07 and 18,104.84.

Also Read| Bitcoin news daily: Data and price analysis for January 11, 2022

Indian Indices

Sensex rose 650.98 points or 1.09% to 60,395.63 and Nifty was up by 190.60 points or 1.07% to 18,003.30 in the previous session. Sensex touched high and low of 60,427.36 and 59,987.18, respectively and there were 20 stocks advancing against 10 stocks declining on the index while Nifty traded in a range of 18,017.45 and 17,879.15 and there were 35 stocks advancing against 15 stocks declining on the index.

SGX Nifty

The trends on SGX Nifty indicate a positive opening for the index in India with a 24-points gain. The Nifty futures were trading at 17,982.00 on the Singaporean Exchange around 07:15 hours IST.

Asian Markets

Asia-Pacific markets traded mixed on Monday.  Kospi index fell 0.95% to 2,926.72 while the Kosdaq declined 1.49% to 980.38. Shanghai Composite was up 0.39% at 3,593.52 and the Shenzhen component added 0.44% to 14,406.97. ASX 200 fell 0.08% to 7,447.1. Hang Seng Index rose 1.08% to 23,746.54 while Taiwan’s Taiex added 0.38% to close at 18,239.38.

Also Read| Stocks that should be on your watchlist on Tuesday, January 11, 2022

US Markets

The S&P 500 fell 6.74 points, or 0.1%, to 4,670.29. The Dow Jones Industrial Average fell 162.79 points, or 0.4%, to 36,068.87. The Nasdaq rose 6.93 points, or less than 0.1%, to 14,942.83. The Russell 2000 index of smaller companies fell 8.66 points, or 0.4%, to 2,171.15.

European Markets

European markets finished broadly lower yesterday with shares in France leading the region. The CAC 40 was down 1.44% while Germany’s DAX was off 1.13% and London’s FTSE 100 was lower by 0.53%.

Also Read| Stock market midday report: Sensex up 170 points, Nifty around 18,000

PB Fintech reports 67% Year-on-Year increase in insurance premium in December 2021 quarter

PB Fintech, the parent firm of Policybazaar and Paisabazaar, on January 10 posted a 67% year-on-year growth in terms of insurance premium collected in the October-December 2021 quarter. “The insurance premium originated by PB Fintech group increased from an aggregate of Rs 1,067 crore to Rs 1,786 crore, marking a growth of 67% for the quarter ended December 31, 2021, over the quarter ended December 31, 2020,” the company said in a regulatory filing. The growth as of December 31 for the first three quarters of the fiscal year 2021-2022 over the first three quarters of the fiscal year 2020-2021 was at 38%, it noted.

The company recorded an aggregate premium, including both new and renewal business, of Rs 4,803 crore for the period between April 1 and December 31, 2021.

Also Read| Associated Press to launch NFT marketplace for its Photographs

NSE has received approval from SEBI to launch derivatives on the Nifty Midcap Select Index

National Stock Exchange on Monday said it got approval from the Securities Exchange Board of India(SEBI) to launch derivatives on the Nifty MidCap Select Index and will start from January 24. “Nifty Midcap Select index aims to track the performance of a focused portfolio of 25 stocks within the Nifty Midcap 150 index. All the index constituent stocks are individually available in derivatives. The weight of the stocks is based on free-float market capitalization methodology”, NSE said in a statement. The exchange will offer futures and options with a trading cycle of 7 weekly expiration contracts (excluding the monthly expiration contract) and 3 serial monthly expiration contracts. Index options will be European style with strike interval of 50 and strike scheme of 30–1–30 (OTM-ATM-ITM), the exchange added.

Also Read| Hinduja Global Solutions surges 5% on share buyback plan

Paytm’s loan business grows 401% year on year in Q3 FY22, while GMV increases by 123%

Paytm recorded a massive 401% year-on-year growth in its lending business in the third quarter of the financial year 2021-22, the payments operator’s parent firm One97 Communications said in a regulatory filing on January 10. The gross merchandise value (GMV) – a key metric to assess the business performance – jumped by 123% YoY during Q3 FY2022, it said. The total user engagement witnessed a 37% YoY growth with 64.4 million average monthly transacting users (MTU) in the third quarter. While the number of loans disbursed through the platform increased to 4.4 million, marking a 401% surge, the value of loans disbursed during the quarter was Rs 21.8 billion (run-rate of $1 .2 billion), “an increase of 365% YoY”, the company noted. “Growth of GMV continues in Q3 FY 2022 even after the festive season. GMV processed through our platform during the quarter aggregated to approximately Rs 2,501 billion ($33.6 billion), growth of 123% compared to Q3 FY2021,” it added.

Also Read| Vodafone Idea share tanks over 18% on conversion of AGR dues into equity

Spandana Sphoorty Financial receives clearance from the board to raise up to Rs 300 crore

Spandana Sphoorty Financial Limited said on January 10 that its board has approved the proposal of raising funds of up to Rs 300 crore. “We wish to inform you that the Board of Directors at their meeting held today, i.e. on January 10, 2022, discussed and approved the proposal of raising of funds by way of further issue of securities through private offerings and/or qualified institutions placement or other permissible modes under the applicable laws and/ or any combination thereof, in one or more tranches, for an aggregate amount not exceeding Rs 300 crores, subject to applicable laws, and necessary Members of the Company/Regulatory approvals, as applicable,” the micro-finance company said in a regulatory filing. The board also approved the issuance of a postal ballot notice — pursuant to Section 110 of the Companies Act, 2013, for the issue of equity shares for the proposed fundraise. According to the filing, one of their promoters via Kanchenjunga Limited, indicated its in-principle interest to infuse up to Rs 300 crores as capital in the company.

Also Read| Gold, silver and other metal prices on Tuesday, January 11, 2022

Tech Mahindra collaborates with Pyze to offer enterprise modernisation solutions

Tech Mahindra on January 10 said it has partnered with digital transformation analytics platform Pyze to provide cutting-edge enterprise modernization solutions. The partnership is aimed at accelerating digital transformation and application modernization using low code and legacy process optimization. Through this partnership, low-code developers, IT teams, and business teams will be able to reduce process inefficiencies faster. “It will further enable organizations to improve user productivity and adoption, and maximize ROI of process transformation and application modernization projects,” it said in a statement. It also aims to work towards implementing a data-driven improvement approach that will analyze process workflows based on origin and termination points. “It will map and segment case workflows to identify bottlenecks & flag automation opportunities, workflow design improvements, UX and employee training needs,” it said.

Also Read| Fuel prices today: Petrol priced at Rs 95.41, diesel Rs 86.67 in Delhi on January 11, 2022

Bulk Deal data

Platinum Illumination A 2018 Trust bought 5,43,75,000 units in Mindspace Business Parks REIT at Rs 320 per unit, however, BREP Asia SG Pearl Holding NQ Pte Ltd sold 5,42,91,425 units at Rs 320 per unit on the BSE, the bulk deals data showed.

Barclays Securities India Private Limited picked up 6,13,441 shares in Cerebra Int Tech Ltd at Rs 92.5 per share on the NSE, the bulk deals data showed. 

Anuradha Rajesh Mehra bought 25,200 shares and Mark Corporate Advisors Pvt Ltd sold 63,600 shares in Foce India Limited at Rs 225.6 and Rs 225.58 per share on the NSE, as per the bulk deals data. 

Also Read| Crypto Fear and Greed Index on January 11, 2022

Aryaman Capital Markets Limited sold 28,800 equity shares in Giriraj Civil Developers Ltd to individual investor Dilawar Rehman Khan in the company at Rs 100 per share on the NSE, the bulk deals data showed. 

Ziyan Developers LLP sold 5,00,000 equity shares in Rupa & Company Ltd at Rs 469 apiece.

Lodha Ashok Kumar sold 1,24,762 equity shares in Salzar Electronics at Rs 240.87 per share.

KBC Eco Fund sold 32,55,983 shares in NCC Limited at Rs 73.52 apiece on the NSE. 

Also Read| Sensex reclaims 60,500 mark while Nifty tops 18,000 in early trade

DII and FII data

Foreign institutional investors (FIIs) sold shares worth a net Rs 124.23 crore, while domestic institutional investors (DIIs) bought shares worth a net Rs 481.55 crore in the Indian equity market on January 10, as per provisional data available on the NSE.


Indiabulls Housing Finance, Delta Corp and RBL Bank are under the F&O ban for January 11. 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.