MARKETS: Sensex vaults 1,100 pts, Nifty firmly above 17,200; banks lead

Markets at 12:30 PM LIVE market updates: It is a sea of green as market bulls rule over Dalal Street. The BSE Sensex was marginally below the day’s high level (57,771) at 12:33 PM and was at 57,674-mark, up 927 points.

The Nifty50, too, was near the 17,200-mark at 17,193 level. Both the frontline indices are up 1.6 per cent.

In the broader market, the BSE MidCap and SmallCap indices were underperforming and were up less than 1 per cent each.

Key risks to equities in 2022

After a stellar run in 2021 that saw the S&P BSE Sensex and the Nifty50 clock gains of 20 per cent and 22 per cent respectively, global equity markets, including India, are gearing up to welcome 2022 on a cautious note. READ MORE

====================================================================== Markets at 11 AM LIVE market updates: Private banks powered a stellar rally on the bourses on Tuesday with Kotak Bank, Axis Bank, and ICICI Bank soaring 3 per cent each on the Sensex. That apart, gains in other heavyweights like Tata Steel, Bajaj Finance, SBI, Maruti Suzuki, and HDFC also supported gains. The S&P BSE Sensex was at 57,538 levels, up 791 points or 1.4 per cent. The Nifty50, meanwhile, was at 17,147. In the broader markets, the BSE MidCap and SmallCap indices added 0.7 per cent and 0.9 per cent, respectively. Among individual stocks, shares of IFCI continued their northward movement for the second straight day on back of heavy volumes. The stock has rallied 9 per cent to Rs 16.29 on the BSE in Tuesday’s intra-day trade, and was trading closer to its 52-week high of Rs 16.40 touched on June 24, 2021. READ MORE Primary market update: The initial share sale of RateGain Travel Technologies has been subscribed 16 per cent so far with the retail portion nearly fully subscribed. According to analysts at Arihant Capital, at the upper end of the IPO, the company is valued at a P/BV multiple of 16x based off it’s FY21 NAV per share of Rs 26. The brokerage recommends a ‘SUBSCRIBE’ rating for aggressive investors looking for listing gains. READ MORE ===================================================================== Markets at 10 AM LIVE market updates: Benchmark indices have recouped more-than-half of yesterday’s losses amid gains in banking and metal counters. The S&P BSE Sensex was near the day’s high at 57,340, up 592 points. The Nifty50 was inching towards 17,100-mark. Sectorally, the Nifty Bank and Metal indices were up 2 per cent each, followed by the Nifty Financial Services and Realty indices, up 1.4 per cent each. Currency market: The Indian rupee opened at 75.21 per US dollar compared with Monday’s close of 75.17/$. ====================================================================== Opening Bell

LIVE market updates: Indian equities tried to recover from Monday’s sell-off in early deals on Tuesday, taking support from firm global cues. The S&P BSE Sensex added 338 points, or 0.6 per cent, to quote at 57,085.5 level.

The Nifty50, on the other hand, was back above the 17,000-mark, up 121 points. Twenty nine of the 30 Sensex constituents were in the green, led by Tata Steel (up 2 per cent), Kotak Bank, Axis Bank, Maruti Suzuki, IndusInd Bank, and SBI. The only losers on the index was Dr Reddy’s Labs (down 1 per cent).

In the broader markets, the MidCap and SmallCap indices advanced 0.6 per cent and 0.9 per cent, respectively.

Among individual stocks, shares of IndiGo zoomed 4.7 per cent after the promoters called an extraordinary general meeting (EGM) on December 30 to scrap a clause in the company’s articles of association (AoA), which gives them the right of first refusal (RoFR) over acquisition of each other’s shares. Besides, Reliance Infrastructure also hit 5 per cent upper circuit after DMRC suggested taking over the Reliance Infrastructure subsidiary’s debt to the extent of the award money. Sectorally, all the indices were trading over 1 per cent higher, barring the Nifty Financial Services index (up 0.8 per cent) and the Nifty FMCG index (up 0.5 per cent).

======================================================================= Pre-open session LIVE market updates: The S&P BSE Sensex gained 356 points, or 0.6 per cent, to trade at 57,103 in pre-open trade. The Nifty50 index, meanwhile, was at 17,027, up 115 points. ======================================================================== LIVE market updates: Indian equities may stage some recovery from Monday’s sell-off and open higher on Tuesday. At 8:07 AM, SGX Nifty was at 17,053 compared with Nifty’s spot close of 16,912 yesterday. Supportive global cues and stock-specific action will guide the markets today.

Stocks across Asia-Pacific jumped on Tuesday, bouncing back from Monday losses as Wall Street rallied on optimism that the omicron variant risk might not be as bad as feared.

Hong Kong’s Hang Seng was up 1.29 per cent, Shanghai composite added 0.38 per cent, and Australia’s ASX200 rose 0.6 per cent. Further, Japan’s Nikkei 225 jumped 1.39 per cent, while the Topix was up 1.21 per cent. South Korea’s Kospi edged up 0.11 per cent. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.64 per cent. Overnight, the Dow Jones Industrial Average soared 1.87 per cent. The Nasdaq Composite climbed out of negative territory and ended 0.9 per cent higher. The S&P 500 rose 1.1 per cent. Primary market

RateGain Travel Technologies Ltd is open its three-day initial public offer today. The company has fixed a price band of Rs 405-425 per share and hopes to garner close to Rs 1,336 crore at the upper price band of the offer.