Taking Stock: Nifty, Sensex End Higher Amid High Volatility; Metal, Bank Stocks Lead
At close, the Sensex was up 259.62 points or 0.53% at 48803.68, and the Nifty was up 76.70 points or 0.53% at 14581.50.... Read More
| Index | Prices | Change | Change% |
|---|---|---|---|
| Sensex | 81,207.17 | 223.86 | +0.28% |
| Nifty 50 | 24,894.25 | 57.95 | +0.23% |
| Nifty Bank | 55,589.25 | 241.30 | +0.44% |
| Biggest Gainer | Prices | Change | Change% |
|---|---|---|---|
| Tata Steel | 173.21 | 5.70 | +3.40% |
| Biggest Loser | Prices | Change | Change% |
|---|---|---|---|
| Max Healthcare | 1,069.20 | -44.00 | -3.95% |
| Best Sector | Prices | Change | Change% |
|---|---|---|---|
| Nifty Metal | 10277.10 | 184.15 | +1.82% |
| Worst Sector | Prices | Change | Change% |
|---|---|---|---|
| Nifty Auto | 26753.10 | -15.55 | -0.06% |
IT services company Wipro on April 15 reported a 0.1 percent sequential growth in consolidated profit to Rs 2,972.3 crore for the quarter ended March 2020.
IT Services business clocked revenue at Rs 16,334 crore for the quarter.
The revenue growth in constant currency came in at 3 percent for the March quarter and the topline growth in dollar terms reported at 3.9 percent.
Market is becoming more cautious as states are increasing restrictions due to the havoc created by the virus. Growth-oriented sectors & stocks are losing momentum while defensives like Pharma, FMCG & IT are gaining. However, states will not opt for a complete lockdown like last year, but high valuation will lead to a phase of short-term consolidation.
Indian rupeehas erased early losses and ended at day's high at 74.92 per dollar, amid buying saw in the domestic equity market.It opened 14 paise lower at 75.19 per dollar against Monday's close of 75.05 and traded in the range of 74.92-75.33.
Rupee saw volatile session as the financial equity markets too, were in first half bears had the upper hand inequities, and the rupee was weak in tandem, but later half rupee strengthens due to buying interests in banking and equities, helping rupee scale towards 75.00 after touching 75.35 in the morning session. Going ahead rupee can be seen in a range of 74.70-75.30.
One more positive session witnessed today as the index closed a day at 14581 with gains of more than half percent and formed a bullish candle for the second consecutive day. The index has formed a good base near 14460-14350 zone if managed to sustain the above-said levels we may see northward move towards 14700-14800 zone which is an immediate and strong hurdle on the higher side. The overall range for Nifty is coming in between 14250 on the downside and 15k on the higher side.
Benchmark indices witnessed volatile session but manages to endnear the day's high level on April 15 despite rising covid cases and wholesale inflation data.
At clsoe, the Sensex was up 259.62 points or 0.53% at 48803.68, and the Nifty was up 76.70 points or 0.53% at 14581.50. About 1226 shares have advanced, 1611 shares declined, and 162 shares are unchanged.
TCS, Cipla, ONGC, Wipro and Adani Ports were among the major gainers on the Nifty, while losers were Eicher Motors, Grasim Industries, Infosys, Maruti Suzuki and IndusInd Bank.
On the sectoral front, auto and PSU bank indices shed 1 percent each, while metal and pharma indices rose over 1 percent each. BSE midcap and smllcap indices ended flat.
Ashish Kacholia bought 25,02,495 shares, or 1.45 percent stake, in Phillips Carbon Black in the March quarter of FY21, data available with BSE showed.
Phillips Carbon Black was quoting at Rs 199.25, up Rs 9.35, or 4.92 percent on the BSE.
Silver prices are currently trading near $25.63, sharply higher from the recent low of $23.74 registered on March 31. Weakness in the US dollar index is supporting a bullish move in silver prices.
Silver and gold prices also found support from weakness in bond yield. United States 10-Year Bond Yield is currently trading near 1.617 which is sharply lower from the recent high of 1.776 registered on March 30.
Silver prices are likely to trade firm while above the key support level of $25.297 and $24.775 while it may find stiff resistance near $26.020-$26.795.
The market continued to witness resilience and stayed above the Nifty 50 Index level of 14300. The short-term technical condition of the market shows that the expected range of the market is likely to range between 14300 and 14800. The market breadth to improve slightly and manage to stay above the 14500 levels. Sustaining above 14500, market to gain momentum, leading to an upside projection till 14800 levels.
Coinbase Global Inc shares jumped 11% in early trades on Thursday, a day after the cryptocurrency exchange went public in a high-profile debut on the Nasdaq that briefly valued it at more than $100 billion.
Well-known investor Rakesh Jhunjhunwala pared by 22.7 lakh shares his stake in one of his favourite picks Titan Company in the March quarter of the financial year 2021 (FY21).
As per data available with BSE, Jhunjhunwala and wife Rekha Jhunjhunwala together held 4,49,00,970 shares, or 5.06 percent stake, of Titan at the end of the March quarter. Jhunjhunwala held 3,52,60,395 shares, while Rekha has 96,40,575.
At the end of the December quarter, they collectively held 4,71,70,970 shares, or 5.32 percent stake, in Titan—Jhunjhunwala 3,75,10,395 shares and Rekha 96,60,575.
Titan Company was quoting at Rs 1,529, down Rs 1.65, or 0.11 percent on the BSE.
