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March 25, 2022 / 03:36 PM IST

Closing Bell: Indices end in the red, Nifty closes below 17,200; auto, FMCG, pharma, IT top losers

Stock Market Live Updates: Among the sectors, auto, FMCG, capital goods, pharma and IT shed over half a percent each while realty ended in the green.

  • IndexPricesChangeChange%
    Sensex62,681.84177.04 +0.28%
    Nifty 5018,618.0555.30 +0.30%
    Nifty Bank43,053.4533.00 +0.08%
    Nifty 50 18,618.05 55.30 (0.30%)
    Tue, Nov 29, 2022
    Biggest GainerPricesChangeChange%
    HUL2,634.20109.00 +4.32%
    Biggest LoserPricesChangeChange%
    IndusInd Bank1,180.60-17.25 -1.44%
    Best SectorPricesChangeChange%
    Nifty FMCG45078.55827.45 +1.87%
    Worst SectorPricesChangeChange%
    Nifty Midcap 10031677.30-141.60 -0.45%

  • March 25, 2022 / 03:55 PM IST

    Vinod Nair, Head of Research at Geojit Financial Services:

    After the recent 10% rally, the market has turned sideways with a negative bias due to increase in commodity prices, tightening monetary policy and inflationary pressure. Domestic market is showing strong resilience but to sustain the trend a lot will depend on the outcome of the war & commodity prices.  Ease in COVID restrictions in India is a boost for sectors like hospitality, multiplex, transportation etc, leading to the outperformance.

  • March 25, 2022 / 03:39 PM IST

    Maruti Suzuki corrects after CLSA assigns sell call, cuts FY23 earnings estimates sharply

    Automobile company Maruti Suzuki India share price corrected 2 percent on March 25 after global brokerage house CLSA has assigned 'sell' call on the stock, citing major challenges like spike in commodity costs and loss in market share. CLSA has set a price target at Rs 6,430 per share, implying 15 percent potential downside from Thursday's closing levels.

  • March 25, 2022 / 03:38 PM IST

    Rupee at close: Rupee ends at 76.20 per US dollar against March 24 close of 76.37 per US dollar

  • March 25, 2022 / 03:35 PM IST

    Market at close: Benchmark indices amid a volatile trading session on March 25 ended in the red with Sensex down 233.48 points or 0.41% at 57362.20, and the Nifty falling 69.80 points or 0.41% at 17153. About 1256 shares have advanced, 1958 shares declined, and 91 shares are unchanged.

    Among the sectors, auto, FMCG, capital goods, pharma and IT shed over half a percent each while realty ended in the green.

  • March 25, 2022 / 03:22 PM IST

    Milind Muchhala, Executive Director, Julius Baer
    The Indian equity markets continue to be in a grind, influenced by and reacting to incremental news flow on the global front, especially related to the geopolitical situation and Fed rhetoric. The two key challenges and monitorables for the markets in the near term are the persistent inflationary pressures and the rising bond yields. While the inflationary pressures have been building up over the past few months, the geopolitical situation has worsened the situation, as Ukraine and Russia are large players in energy and several commodities, and the prices of several of these have spiked up since the beginning of the crisis. A prolonged geopolitical situation and elevated prices will gradually start weighing on demand and profitability, and can lead to a cut in growth and earnings estimates. Also, the recent rise in bond yields can have implications for flows and equity valuations. With the markets having pulled back sharply in the past couple of weeks, one can look at creating a small liquidity, as the uncertainty and volatility is likely to continue for some more time with too many moving parts, providing intermittent opportunities.

  • March 25, 2022 / 03:18 PM IST

    There are 7 advances and 23 declines on the BSE Sensex at 3:15 pm

    Source: BSE

  • March 25, 2022 / 03:11 PM IST

    Shibani Kurian, Senior EVP & Head- Equity Research, Kotak Mahindra Asset Management Company-
    “Domestic equity markets remained volatile on account of the heightened geo-political tensions and inflation concerns. India’s 10-year bond yield inched higher and the Indian Rupee  depreciated tracking high global crude oil prices. 
    While Foreign Institutional Investors (FIIs) have been net sellers in the domestic equity markets CYTD, Domestic Institutional Investors (DIIs) remained net buyers as retail investors continue to allocate more savings to equity markets. With the recent correction in equity markets, absolute valuations have turned back closer to the 5 year average levels as compared to premium levels earlier while on a relative basis, India’s valuation premium to emerging markets remains above long term averages.  Going forward, market participants would likely keep an eye on the development surrounding the Russia-Ukraine war. On other hand, any truce between Russia and Ukraine could possibly lead to a cooling off of global crude and commodity prices. Global central bank policy moves and the policy response of the central bank in India would be the other key events to watch out for.

  • March 25, 2022 / 03:05 PM IST

    Markets Live at 3.00 pm
    Sensex is down 336.9 points or 0.59% at 57258.73, and the Nifty lost 82.25 points or 0.48% at 17140.5. Bajaj Auto, Dr Reddy's and Reliance Industries are the top gainers while Reliance Industries, JSW Steel and HDFC Bank are the most active stocks.

    Among the sectors, Nifty IT was the biggest loser shedding more than 1 percent while Pharma, FMCG, Auto and Nifty bank each lost more than 0.5 percent

  • March 25, 2022 / 02:49 PM IST

    Buzzing Stock

    SPML Infra share price was locked in 5 percent upper circuit at Rs 60.75 on March 25 after securing a big order for Isarda dam project in Rajasthan.

    "...has received a new bulk water supply project order from Public Health Engineering Department, Tonk, Rajasthan under the flagship scheme of Jal Jeevan Mission," says India’s leading water infrastructure development company in its BSE filing.

  • March 25, 2022 / 02:38 PM IST

    Ruchi Soya FPO Update: The follow-on public offer (FPO) of Patanjali Ayurve-backed Ruchi Soya Industries had received bids for 1.39 crore equity shares against an offer size of 4.89 crore shares, a 29 percent subscription by the afternoon of March 25, the second day of bidding.

    Retail investors have put in bids for 33 percent shares of their reserved portion, while the allotted quota of employees was subscribed 2.92 times. Qualified institutional buyers and non-institutional investors also started submitting their bids, as the portions set aside for them were subscribed 22 percent and 27 percent respectively.

  • March 25, 2022 / 02:33 PM IST

    AU Small Finance Bank’s rating upgraded by CARE from ‘AA-’ to ‘AA’

    AU Small Finance Bank has been assigned a rating of CARE AA/Stable for its long-term debt instruments (Tier-II Bonds) by CARE Ratings, an upgrade from the Bank’s earlier rating, which was CARE AA-/Stable. In addition, the agency has also reaffirmed the rating of the bank’s short-term instruments (Certificate of Deposits) at A1+. AU Small Finance Bank was trading at Rs 1,207.50, down Rs 34.20, or 2.75 percent. It has touched an intraday high of Rs 1,250 and an intraday low of Rs 1,202.

  • March 25, 2022 / 02:26 PM IST

    Sources on IndiGo Airlines: IndiGo may induct its first A321 freight aircraft around May 2022. IndiGo initiated conversion of 4 A321ceo aircraft into cargo planes last year. Conversion of A321ceo to freight aircraft taking place in Singapore. IndiGo’s domestic demand above pre-COVID levels. IndiGo aims to resume all pre-COVID international destinations, except China for now. Oil prices continue to be a worry for airlines, to lead to high air fares. Interglobe Aviation stock was trading at Rs 1,945.75, up Rs 87.25, or 4.69 percent. It has touched an intraday high of Rs 1,952.85 and an intraday low of Rs 1,877.60.