Sensex gains 460 points to end record-breaking year with a bang; up 22% in 2021

Key benchmark indices ended the record-breaking year 2021 on a high note. The Sensex and the Nifty displayed a firm trend throughout the day on the back of steady gains auto, financials, FMCG and index heavyweight Reliance Industries.

The Sensex touched a high of 58,409, and ended with a gain of 460 points at 58,254. In the process, the BSE benchmark was up 1,130 points for the week.

The 30-share index finished the calendar year with a solid gain of 22 per cent (10,503 points), after having touched a new life-time high of 62,245 on October 19, 2021.

The NSE Nifty settled 150 points higher at 17,354, and was up a whopping 24.1 per cent for 2021.

Among sectoral indices, BSE Metal and Consumer Durables indices were up over 2 per cent each. The Auto and Telecom indices gained 1.7 per cent each. The Bankex, FMCG, Oil & Gas and Realty indices also finished with gains in excess of a per cent each.

The overall breadth too was extremely positive, with 2,438 stocks advancing versus 944 declining stocks on the BSE on Friday.

Titan was the top gainer among the Sensex 30 stocks, it ended 3.5 per cent higher at Rs 2,522. UltraTech Cement and Kotak Bank were up around 2.5 per cent each. Maruti, Axis Bank, SBI, Bajaj Finserv, Hindustan Unilever, Bajaj Finance, HDFC Bank, Nestle and Sun Pharma were the other major gainers.

On the flip side, IT stocks kind-off under-performed in trades on Friday owing to selective profit-taking. Among others, NTPC slipped 2 per cent.

The broader markets outperformed the benchmark indices. The BSE Midcap and Smallcap indices were up 1.4 per cent and 1.2 per cent, respectively.

Textile stocks ended with solid gains after the GST Council decided to defer implementation of the hike GST rates for the time being. The matter will be taken for discussion in the next GST meet in February 2022. Among the lot, TT Ginni Filaments and Super Spinning were the major gainers, up 10-11 per cent each. Salona Cotspin, SPL Industries, GTN Textiles, Cantabil Retail, Donear Industries, Digjam, Bombay Dyeing, VIP Clothing, SEL Manufacturing, Bhandari Hosiery, STL Global and Mittal Life Style were the other major gainers, up over 5 per cent each.

Debutant, CMS Info Systems after buyers after starting trade on a tepid note. The stock listed at a marginal 1.2 per cent premium at Rs 218.50 on the BSE as against the issue price of Rs 216. However, the stock later rally to a high of Rs 260, and finally ended with a gain of 11.3 per cent at Rs 240.35.

Among stocks, Indigo Paints zoomed 16 per cent to a high of Rs 2,247 in intraday trades on the BSE on the back of renewed buying interest at the counter. Brokerage firm Motilal Oswal has initiated a coverage on the stock with ‘Buy’ rating and price target of Rs 2,270.

That apart, Responsive Industries has witnessed a phenomenal rally in the last three trading sessions after the company announced its quarterly and half-yearly numbers for the period ended September 2021 on December 28, 2021.

IDFC Ltd was trading nearly 8 per cent higher on the BSE after IDFC First Bank approved a proposal to merge itself with the former and IDFC Financial Holding Company(promoter group).

Here are some picks from the week gone by.

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