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Domestic equity benchmarks ended marginally higher on Thursday, with the Nifty settling at a fresh record, amid mixed cues from global markets.
After scaling an all-time intra-day peak of 44,953.01, the 30-share BSE Sensex pared some gains to end 14.61 points or 0.03 per cent higher at 44,632.65.
Similarly, the broader NSE Nifty touched a fresh intra-day high of 13,216.60, before settling 20.15 points or 0.15 per cent up at 13,133.90 -- its lifetime closing high.
Maruti was the top gainer in the Sensex pack, rallying around 7 per cent, followed by ONGC, Asian Paints, NTPC, SBI, Bajaj Finserv and Tata Steel.
On the other hand, HDFC Bank, TCS, Bajaj Auto, Infosys and M&M were among the laggards.
“Indian market opened mixed following mixed global market cues in Asian markets. Trades in the global markets also remained lacklustre...,” said Narendra Solanki, Head- Equity Research (Fundamental), Anand Rathi.
During the afternoon session, markets briefly traded in the negative territory but later scaled back to trade in the positive zone.
On sectoral front, the gains were led by metals, financials and bank stocks while auto sector traded marginally negative.
Elsewhere in Asia, bourses in Hong Kong, Tokyo and Seoul ended with gains, while Shanghai was in the red.
Stock exchanges in Europe were trading on a negative note in early deals.
Nifty call:
Strategy: The contract is range-bound with a negative bias. Go short only on a fall below 13,165 levels
Supports: 13,165 and 13,140
Resistances: 13,210 and 13,225
Rupee call:
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Daily Rupee call: INR likely to bounce off 73.85
Traders can buy the rupee for intraday trades with tight stop-lossThe rupee currently hovers at 73.80 and trades above the support of 73.85. Even as it weakened in the last session, the rupee can bounce off the support and appreciate today. Hence, traders can buy the rupee for intraday trades with tight stop-loss.
Supports: 73.85 and 74.00
Resistances: 73.70 and 73.50
Update:
The benchmark indices rose to a record high on Thursday, led by finance stocks and market heavyweight Reliance Industries, as upbeat coronavirus vaccine developments fuelled risk appetite globally.
The NSE Nifty 50 index climbed 0.45 per cent to 13,173.15 and was on course for a third straight session of gains, while the benchmark S&P BSE Sensex was up 0.39 per cent at 44,792.01.
Boosting sentiment was news that Britain became the first Western country to approve a Covid-19 vaccine, with doses of the Pfizer-BioNTech vaccine available for those at high risk starting next week.
The Nifty Bank Index climbed nearly 1 per cent after sliding 1.2 per cent in the previous session. Top private-sector lender HDFC Bank was the biggest boost to the indexes, rising as much as 1.6 per cent.
Reliance Industries rose nearly 1 per cent to its highest in more than a week.
Data released late Wednesday showed India's trade deficit in November narrowed 21.93 per cent from a year earlier, as imports fell sharply compared to the drop in exports.
Opening bell:
Sensex jumped 176.87 points to 44,794.91 in opening session. Meanwhile, Nifty rose 59.05 points to 13,172.80.
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