The Indian markets traded higher on the last day of 2021 at the close, as the Sensex jumped over 450 points, while the Nifty50 settled above the 17350-mark, led by the metal and auto stocks. The benchmark indices registered a growth of around 22 per cent in the calendar year 2021.

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The broader markets outperformed the benchmarks, as both mid and small cap gained almost 1.5 per cent at the market close on Friday. Similarly, the 12-share banking index jumped over 447 points or 1.28 per cent at the 35,511-mark, led by Kotak Mahindra Bank up over 2 per cent at the close.

Of 50 stocks on Nifty50, 45 advanced, while 5 declined at the close. Hindalco continued to be the top gainer, closed almost 6 per cent higher, followed by Titan surged nearly 3.5 per cent. On the contrary, NTPC declined most by around 2 per cent, followed by Cipla in otherwise positive market.

CMS Infosystems made a flat debut on exchanges on Friday, listing with marginal growth of 1.16 per cent to Rs 218.50 per share on the BSE, against issue price of Rs 216 per share. While the shares of the company opened at Rs 220.20, a gain of 1.94 per cent from issue price on the NSE.

“On the technical front, the index has been trading in falling channel formation and facing resistance from the upper band of formation crossing above the same can show upside rally in the counter. On the Four-Hourly Chart, the index has confirmed the bullish marubozu candle which suggests strength for an upcoming session,” Palak Kothari Research Associate Choice Broking said in a comment.

Kothari added, “The index has been trading above 21&50-HMA which suggests strength in the counter. However, A momentum indicator STOCHASTIC & MACD trading with a positive crossover on the daily time-frame.”

“At present, the Index has support at 17150 levels while resistance comes at 17450 levels, crossing above the same can show 17550-17700 levels. On the other hand, Bank nifty has support at 34800 levels while resistance at 35800 levels,” the analyst also said.

Vinod Nair, Head of Research at Geojit Financial Services said, “2021 witnessed strong recovery amid continuing challenges from subsequent variants and ended positive today. India outperformed most global peers supported by robust retail participation, economic recovery, vaccine coverage and rising appetite for Indian goods & services.”

He added, “Despite lingering fears surrounding surging Omicron cases, the domestic market is expected to maintain its resilience supported by healthy long-term growth forecast & reforms undertaken.”