ITC Jumps, Vodafone, Small-caps Zoom: What Moved Markets Today

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ITC Jumps, Vodafone, Small-caps Zoom: What Moved Markets Today

By Aditya Raghunath

Investing.com -- Nifty 50  and the BSE Sensex 30 closed at new record highs today. Nifty closed up 110 points or 0.63% up at 17,629 while the Sensex closed up 417 points or 0.71% at 59,141.

Long-undervalued tobacco and FMCG giant ITC Ltd (NS: ITC ) was a surprise gainer on the markets today, closing up 6.62%. It wasn’t the top gainer though. That spot was taken by IndusInd Bank Ltd. (NS: INBK ) which closed up 7.31%. Apart from these two State Bank Of India (NS: SBI ) gained 4.77% and Reliance Industries Ltd (NS: RELI ) gained 1.92%.

Nifty Bank also put in a strong show closing up 2.22%. ICICI Direct said that it estimates markets at 18,600 by the end of 2021.

Vodafone Idea Ltd (NS: VODA ) gained over 27% today after the telecom sector got a 4-year moratorium from the government to pay its AGR (annual gross revenue) dues.

Grasim Industries Ltd (NS: GRAS ) lost 1.76% while Bharti Airtel Ltd. (NS: BRTI ), Tata Consultancy Services Ltd. (NS: TCS ), Shree Cements Ltd. (NS: SHCM ) and Tata Steel Ltd (NS: TISC ) lost over 1.25% each.

Major Asian markets closed in the red today with Nikkei 225 closing down 0.62%, KOSPI 50 down 0.74% and the Shanghai Composite down 1.34%.

US stock markets are expected to edge lower later, pending the day’s most important economic data. As of this report, Dow Jones 30 Futures were down 0.1%. S&P 500 Futures were down 0.15% and Nasdaq 100 Futures were down 0.19%.

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  • Rakesh Prasad @Rakesh Prasad
    ITC a sleeping giant. Kumbhkaran.
    Like 3
  • vishwa singh @vishwa singh
    Book profit
    Like 0
  • Tejas Patel @Tejas Patel
    Market can crash anytime be caution before going long
    Like 3
    • satyabrata nayak @satyabrata nayak
      from 7500 nifty people are telling for crash but mkt is.......
      Like 1
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      100
  • satyabrata nayak @satyabrata nayak
    mkt is ultra bullish
    Like 0

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