Share Market HIGHLIGHTS: Nifty 50 comes within 14 pts of 17,000, Sensex ends 127 pts higher as bulls take charge of Street from bears after two days
Share Market HIGHLIGHTS: Indian equity benchmarks Nifty 50 and Sensex managed to halt a two-day losing streak with a mild gain on Monday, March 27, as Dalal Street entered a four-trading session week owing to the Ram Navami holiday on Thursday. The rise in the Indian share market comes amid mixed moves across global peers, as optimism about resilience of the banking sector following the Silicon Valley Bank (SVB) and Credit Suisse crisis is countered by the prospect of higher-for-longer interest rates. Catch HIGHLIGHTS of all the action in the Indian share market on March 27, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stocks to buy and trade recommendations only on Zeebiz.coms blog:
Share Market HIGHLIGHTS: Indian equity benchmarks Nifty 50 and Sensex managed to halt a two-day losing streak with a mild gain on Monday, March 27, as Dalal Street entered a four-trading session week owing to the Ram Navami holiday on Thursday. The rise in the Indian share market comes amid mixed moves across global peers, as optimism about resilience of the banking sector following the Silicon Valley Bank (SVB) and Credit Suisse crisis is countered by the prospect of higher-for-longer interest rates.
Here are some of the headlines in focus on Dalal Street:
- FM moves amendment to Finance Bill to correct STT rate
- ITC share price: Cigarette maker's stock Rs 10 shy of record high as Centre caps maximum GST cess on tobacco
- Lupin surges on USFDA nod for valbenazine capsules — What's aiding the pharma scrip
- TRAI holds meeting with telecom firms over unsolicited calls; shares mixed
- TVS Motor Company launches new products in African market; shares rise
- What Anil Singhvi makes of the Indian share market now and what he recommends
- Which stocks to buy this week? Paytm, Tata Communications, SRF, Dr Reddy’s, other top shares analysts recommend
Meanwhile, US-based Hindenberg targeted Twitter co-founder Jack Dorsey's Block Inc — a second major report since its accusations of stock manipulation and misuse of offshore tax havens by the Adani conglomerate rocked the Indian share market, even as Adani group denied any wrongdoing. The Adani group dismissed the Hindenburg report as baseless, and called the allegations "unsubstantiated speculations".
Catch HIGHLIGHTS of all the action in the Indian share market on March 27, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stocks to buy and trade recommendations only on Zeebiz.com's blog:
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Share Market Update | Nifty 50 ends volatile day within 14 pts of 17,000, Sensex up 127 pts as market halts 2-day losing streak
Both headline indices finish the volatile day with gains to the tune of 0.2 per cent. The Nifty rises 40.7 points or 0.2 per cent for the day to end at 16,985.7, having broadly moved within the 16,900-17,100 band through the session. The Sensex closes with a gain of 126.8 points at 57,653.9 after gyrating in a range of more than 600 points around the flatline in intraday trade.
Here's how the main indices moved through the day:Nifty 50
Image: NSESensex
Image: BSEThe 30-scrip index was in the green for much of the session.Share Market LIVE Today | Biocon shares surge, hold on to day's gains as stock comes out of F&O ban
Biocon shares jump by Rs 9.2 or 4.6 per cent to touch Rs 208 apiece at the strongest level of the day, as the stock of the biotech company comes out of a derivatives ban.
Image: BSE
Global Market LIVE | Dow Jones futures indicate a positive start ahead in US stock market today
The futures contracts of the three main US share market — the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite — indicated a mildly positive start ahead on Wall Street at 7:00 pm India time today:
- Dow Jones: up 102 points or 0.3 per cent at 32,536
- S&P 500: up 12.8 points or 0.3 per cent at 4,014
- Nasdaq Composite: up 14.8 points or 0.1 per cent at 12,905
Global Market LIVE | European shares rebound on easing banking sector woes; Stoxx 600 up nearly 1%
European markets begin the day well in the green, as investors overlooked fears about contagion in the global banking system, after the collapse of Credit Suisse and two US mid-sized lenders, Silicon Valley Bank (SVB) and Signature Bank. The pan-European Stoxx 600 index is up by 4.3 points or one per cent at 444.4 at this hour.
Investors are drawing comfort from news that First Citizens BancShares Inc will acquire SVB's deposits and loans.
- US's FTSE 100: up 41.1 points or 0.6 per cent at 7,446.6
- France's CAC: up 61.6 points or 0.9 per cent at 7,076.7
- Germany's DAX: up 154.9 points or one per cent at 15,112.2
Share Market LIVE: Lupin, Glenmark Pharma, RVNL rise most among 180 gainers in BSE 500 basket
On the contrary, IEX, PNB Housing and Trident are among the top laggards.
EXPLAINED | What a dividend yield really is and how to calculate it
Do you know what a dividend yield — often talked about and chased aggressively in Dalal Street — really means?
Capital appreciation and dividends are two main sources of returns for a shareholder. Not only do dividend-paying stocks interest investors, but they also act as a barometer of a company's health and profitability.
Typically, a high dividend-paying company draws market attention, as investors want to be rewarded for their holdings regularly and generously.
Share Market LIVE Today | Healthcare stocks top gainers in midcap, smallcap segments
Overall market breadth is extremely positive at this hour, with an advance-decline ratio of 2:5 as 1,030 stocks are holding on to the green and 2,479 struggling below the flatline on BSE.
Here's a look at some of the top gainers and losers from the midcap and smallcap segments:
GAINERS
Diagnostic shares:
- Vijaya Diagnostic: up 7.6 per cent
- Metropolis: up 2.4 per cent
- Fortis Health: up 1.4 per cent
- Thyrocare: up 1.4 per cent
Pharma shares:
- Lupin: up 4.3 per cent
- Biocon: up 3.7 per cent
- Glenmark Pharma: up 3.5 per cent
- Strides Pharma: up 3.2 per cent
Hospital shares:
- KIMS: up two per cent
- Apollo Hospitals: up 1.6 per cent
- Fortis Healthcare: up 1.3 per cent
TOP LOSERS
Auto ancillary stocks:
- PPAP Auto: down five per cent
- Bharat Gears: down 3.5 per cent
- Mahindra CIE: down three per cent
- JTEKT India: down 2.7 per cent
Cement shares:
- Mangalam Cement: down four per cent
- JK Lakshmi Cement: down 3.5 per cent
- Deccan Cements: down 2.9 per cent
- HeidelbergCement: down 2.5 per cent
Sugar stocks:
Triveni Engineering: down five per cent
Andhra Sugar: down 3.4 per cent
Renuka Sugars: down 2.7 per cent
Avadh Sugar: down 2.8 per centChemical stocks:
- Rossari Biotrch: down 5.3 per cent
- Valiant Organics: down 4.8 per cent
- Camlin Fine Sciences: down three per cent
- India Glycol: down three per cent
Fertiliser shares:
- NFL: down five per cent
- FACT: down 3.6 per cent
- Madras Fert: down 3.4 per cent
- Zuari Agro: down 2.6 per cent
Liquor stocks:
- SULA Vineyards: down 3.5 per cent
- GM Breweries: down 2.1 per cent
- Tilaknagar Industries: down 1.8 per cent
Sensex LIVE | Reliance, Infosys, ITC, HDFC Bank, Sun Pharma top boosts for 30-scrip index
Here's a glance at the heatmap in the Sensex basket at noon:
RBI MPC meets from April 3 to April 6: MPC may decide to announce another rate hike of 25 bps, say economists
The RBI Governor Shaktikanta Das-led Monetary Policy Committee (MPC) is widely expected to go for a repo rate hike of 25 basis points in its bi-monthly review due next week. Economists point out that consumer inflation remaining beyond the RBI's comfort zone is the primary reason behind such a move amid a steadily hawkish stance in the US most global peers.
The MPC is set to meet from April 3 to April 6 to consider various domestic and global factors before deciding on the key interest rate.
Read more on what to expect from RBI next week
Global Market Today | Dow Jones futures rise over 100 pts; S&P 500, Nasdaq futures follow suit
Is US stock market set for a positive start today?
Here's what the futures contracts of the three main US share market indices — the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite — suggest in Asian trade at this hour:
- Dow Jones: up 132 points or 0.4 per cent at 32,566
- S&P 500: up 18.5 points or 0.5 per cent at 4,019.8
- Nasdaq Composite: up 46.8 points or 0.4 per cent at 12,937
Nifty LIVE | Headline index rises 100 pts to 17,045 led by Reliance, HDFC Bank, Infosys
The Nifty adds 99.9 points or 0.6 per cent to touch 17,044.9 at the strongest level of the day so far, with Reliance, HDFC Bank, HDFC, Infosys and Larsen & Toubro (L&T) being the biggest contributors to the gain.
Here's how the intraday chart is building up for the index:
Image: NSE
Nifyt LIVE | ONGC, Hindalco, Apollo Hospitals rise most among 39 gainers in 50-scrip blue-chip basket
Top Nifty 50 gainers
Stock CMP Change (%) ONGC 152.2 1.8 HINDALCO 394.8 1.7 APOLLOHOSP 4,347.4 1.5 RELIANCE 2,232.6 1.3 DRREDDY 4,519 1.2 Top Nifty 50 losers
Stock CMP Change (%) EICHERMOT 2,882.8 -0.9 M&M 1,141.5 -0.8 ADANIENT 1,734.4 -0.4 TATAMOTORS 415.5 -0.2 SBILIFE 1,110.5 -0.2 Share Market Today LIVE | Nifty 50 comes within nine pts of 17,000 mark, Sensex rises 138 pts to touch 57,665
Both headline indices rise about one-third of a per cent in early deals following a not-so-sharp opening as indicated by Singapore Exchange (SGX) Nifty futures. The Nifty gains to as high as 16,991.1, up 46.1 points from its previous close, and the Sensex climbs up to as high as 57,664.7, up 137.6 points from its previous close.
Share Market Today LIVE | Nifty 50, Sensex edge higher in pre-open market
In the pre-opening sesson on Dalal Street,the Nifty 50 finishes with a gain of 39.3 points or 0.2 per cent at 16,984.3, and the Sensex settles at 57,566.9, up 39.8 points or 0.1 per cent from its previous close.
Anil Singhvi Market Strategy | A strong buy zone for Nifty50 benchmark at 16,825-16,925 levels
Read more on how Anil Singhvi views the Indian share market today and what he recommends
Global Market LIVE | Asian markets give up initial gains amid persistent concerns about health of banking system
Equities in major other markets across Asia shares are largely in the red in early hours on Monday. Investors globally are still worried of contagion after the sudden collapse of Silicon Valley Bank and the takeover of the troubled Credit Suisse by UBS with a provision to write down $17 billion of Credit Suisse bonds, as reflected in a sustained fall in Deutsche Bank shares amid focus shifting to the next of vulnerable institutions.The collapse of the institution, which few had on their radar screens, served as a reminder of how quickly confidence can erode in banks.Meanwhile, US-based Hindenburg Research targeted Twitter co-founder Jack Dorsey's Block Inc — a second major report since its accusations of stock manipulation and misuse of offshore tax havens by the Adani conglomerate rocked the Indian share market.MSCI's broadest index of Asia-Pacific shares outside Japan is down 0.7 per cent at this hour.- China's Shanghai Composite: down 0.8 per cent
- Japan's Nikkei 225: up 0.3 per cent
- Singapore's Straits Times: up 0.8 per cent
- Hong Kong's Hang Seng: down two per cent
- South Korea's KOSPI: down 0.2 per cent
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