Share Market HIGHLIGHTS: Nifty reclaims 17,050, Sensex ends F&O expiry day up 346 pts; market to remain shut on Thursday for Ram Navami holiday

F&O Series Update | Nifty 50 sheds 431 pts in March series, Nifty Bank loses 91 pts 

The Nifty finishes the monthly derivatives series with a loss of 430.6 points — or 2.5 per cent of its value. 

The banking index sheds 91.4 points (0.2 per cent) during this period. 

Here's how the gauges moved through the series: 

Nifty 50

Nifty Bank

Read more on how the Indian share market fared in the March F&O series

Share Market Update | Nifty 50 gains 129 pts to end at 17,081, Sensex up 346 pts 

The Nifty50 finishes the day with a gain of 129 points or 0.8 per cent at 17,080.7. The Sensex rises 346.4 points or 0.6 per cent to settle at 57,960.1.

Here's how the indices moved through the day: 

Nifty 50 

Sensex

Global Market Update | Dow Jones, S&P 500, Nasdaq futures point to a higher start ahead in US stock market today

The futures of the three main Wall Street indices — the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite — stand firmly in the green at this hour, suggesting a positive start ahead in the US at 7 pm India time today.

Here's a look at the futures contracts of the three gauges: 

• Dow Jones: up 249 points or 0.8 per cent at 32,837
• S&P 500: up 36.5 points or 0.9 per cent at 4,038
• Nasdaq Composite: up 120 points or 0.9 per cent at 12,852.5  

Anil Singhvi explains how to find the best stop loss for your target 

Zee Business Managing Editor Anil Singhvi suggests that the stop loss that an investor or trader chooses should always be customised.

Discussing the way to ensure a perfect stop loss for a position in the market, Singhvi says: "There is very less time when you don't put a stop loss as per your position because everyone’s position is at a different level; they have different levels of risk, and different levels of profit."

Read more on what Anil Singhvi says

Share Market Tips LIVE | Buy ABB shares, says Himanshu Gupta

Himanshu Gupta of Globe Capital Markets recommends buying ABB India shares. He believes a rally in the market can take the stock to an all-time high, which is possible as soon as Friday.

He has set targets of Rs 3,470 and Rs 3,520 for the stock with a stop loss below Rs 3,380.

ABB shares have grown 67 per cent in value over the past one year, a period in which the Nifty50 index has declined about two per cent.

No charges for bank account-to-bank account-based UPI payments: NPCI clarifies on PPI fees    

The National Payments Corporation of India (NPCI) says the interchange charges introduced recently are only applicable to Prepaid Payment Instrument (PPI) merchant transactions, and there are no charges applicable to customers as well as bank account-to-bank account-based UPI payments.

"Traditionally, the most preferred method of UPI transactions is linking the Bank account in any UPI-enabled app for making payments which contributes over 99.9% of total UPI transactions. These Bank account-to-account transactions continue to remain free for Customers and Merchants," the NPCI says.

Nifty LIVE | Headline index turns flat as Reliance, Bharti Airtel, Infosys, Tata Steel weigh on market

Stocks such as Reliance, Bharti Airtel, Infosys, Tata Steel, Asian Paints and Larsen & Toubro are posing maximum pressure on the Nifty 50 index.

Here's a look at the heatmap, by weight:

Image: Niftyindices.com

How To Trade Gold Now | Buy gold at Rs 58,800 for target of Rs 59,150, says Navneet Damani

Navneet Damani of Motilal Oswal Commodities tells Zee Business viewers that the retracement in gold after the recent rally may well be used. He recommends buying gold around Rs 58,800 for a target of Rs 59,150 with a stop loss at Rs 58,600.

Gold Rate Forecast | Buy gold on dips to Rs 58,500-58,600 per 10 grams, says Kunal Shah 

Kunal Shah of Nirmal Bang tells Zee Business that some profit taking has happened in gold owing to easing of concerns about the US banking system but the fundamentals of the yellow metal remain intact. One should use this opportunity to buy gold on declines to Rs 58,500-58,600 per 10 grams, he says. 

The gold rate might pick up in a week or so, he says. "First buy (on declines), then sell," he suggests. 

Gold Rate LIVE | MCX futures decline, near Rs 58,850 per 10 grams

The near-month futures contract of the yellow metal on MCX is quoting at Rs 58,854 per 10 grams at this hour, down by Rs 188 or 0.3 per cent from its previous close. Earlier in the day, MCX gold futures (April 5) declined by as much as 0.5 per cent to Rs 58,771 per 10 grams. 

Image: MCX

Global Market Update | Brent crude hits two-week high, near $79 a barrel

Brent crude futures settled at $78.65 a barrel on Tuesday, up by 53 cents or 0.7 per cent on the day. West Texas Intermediate (WTI) US crude settled at $73.2 a barrel, up by 39 cents or 0.5 per cent. That was a day after the rates rallied by more than $3 each after Iraq was forced to halt exports of about 4,50,000 barrels per day (bpd) from its northern Kurdistan region through Turkey after an arbitration decision confirmed Baghdad's consent was needed to ship the oil.

Share Market Today LIVE | Vedanta shares hold on firmly to the green after Anil Agarwal-led mining major announces 2,050% dividend  

Mining giant Vedanta's shares rise, trading in high volumes, after the company announces a mega dividend for its shareholders.

On Tuesday, post-market hours, Vedanta announced a dividend of Rs 20.5 per share of face value Re 1 per share — translating to a dividend payout of 2,050 per cent. 

Vedanta shares gain by Rs 5.3 or 1.9 per cent to Rs 279.5 at the strongest level of the day. 

Image: BSE

As many as 5.7 lakh Vedanta shares have changed hands so far today as against a daily average of 6.9 lakh in the past two weeks, according to provisional exchange data. 

Share Market LIVE: BSE Sensex holds on to green

Sensex is up 284.2 points or 0.5 per cent to 57,887.9 at 10:43 AM backed by broad-based buying in HDFC twins, ICICI Bank, Larsen & Toubro, Bajaj Finance, Bajaj Finance and others. 

Share Market Today LIVE: NBCC, ITI, IRB Infra rise most among 395 gainers in BSE 500 basket

On the contrary, CSB Bank, Emami Ltd. and EPL Ltd. are among the top laggards. 

Source: BSE

Share Market Tips LIVE | Buy Radico Khaitan, says Chandan Taparia 

In conversation with Zee Business Managing Editor Anil Singhvi,Chandan Taparia of Motilal Oswal Financial Services suggests Radico Khaitan as his stock pick from the midcap space from a perspective of 9-12 months. 

He has a target of Rs 1,300 and recommends a stop loss at 1,150.

Share Market Tips LIVE | "Buy Polycab India": Sandeep Jain's long-term midcap recommendation

In an interaction with Zee Business Managing Editor Anil Singhvi, Sandeep Jain of Tradeswift Broking suggests buying Polycab India shares with a perspective of 9-12 months.

Jain has placed his targets at Rs 3,150-3,200 for the stock. 

Share Market Today LIVE | Nifty surpasses 17,000, Sensex gains over 200 pts led by HDFC twins, ICICI Bank, Infosys

Both headline indices rise as much as 0.4 per cent within the first 15-odd minutes of trade. The Nifty rises 71.5 points to touch 17,023.2 at the strongest level of the day so far, crossing the psychologically-important 17,000 mark, and the Sensex climbs to as high as 57,832.4, up 218.7 points from its previous close.  

Here's how their intraday charts are building up:

Nifty LIVE

Sensex LIVE

Share Market Today LIVE | Sensex, Nifty a mixed bag in pre-opening session  

In the pre-open market, the Sensex finishes down 47.6 points or 0.1 per cent at 57,566.1 and the Nifty settles at 16,977.3, up 25.6 points or 0.2 per cent from its previous close.  

Rupee vs dollar rate update | Rupee inches lower vs US dollar at the open

The rupee begins the day at 82.25 against the US dollar, weaker by six paise or 0.1 per cent compared with its previous close. 

Share Market Today LIVE | SGX Nifty futures inch higher, indicate a positive start ahead in Indian share market

Singapore Exchange (SGX) Nifty futures — an early indicator of the Nifty index — are up 11.5 points or 0.1 per cent at 17,002 at this hour, having risen as much as 26.5 points to 17,017 earlier in the day.

Good morning! Welcome to Zeebiz.com's blog on the stock market today

Follow this space to catch minute-by-minute market action, the views of Zee Business Managing Editor Anil Singhvi and other experts, investment ideas, stock picks, brokerage calls and much more through the day. 

Happy trading, and happy investing!