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March 28, 2022 / 04:12 PM IST

Closing Bell: Nifty ends above 17,200 Sensex gains 231 pts led by auto, bank, oil & gas, metal

Among sectors, bank and oil & gas indices gained a percent each, and auto and metal indices added 0.5 percent each. However, selling was seen in the capital goods, IT and pharma names.

  • Closing Bell: Nifty ends above 17,200 Sensex gains 231 pts led by auto, bank, oil & gas, metal
    Stock Market Today:
    Moneycontrol.com
    HIGHLIGHTS
    • 03:35 PM IST

      Indices end at day's high levels amid volatility

    • 03:29 PM IST

      Uma Exports IPO subscribed 1.85 times on first day

    • 03:29 PM IST

      Ruchi Soya FPO issue subscribed 3.15 times, QIB portion booked 1.6 times

    • 03:22 PM IST

      CLSA maintains buy rating on Embassy Office Parks REIT with a target at Rs 413

    • 03:15 PM IST

      Gold prices may fall if the Russia-Ukraine war situation normalises: Emkay Wealth Management

    • 03:08 PM IST

      Nifty Auto index rises 0.5 percent supported by the Tube Investments Of India, Eicher Motors, Bajaj Auto

    • 03:01 PM IST

      Indices trade with marginal gains amid volatility

    • 02:55 PM IST

      HCL Technologies expands global partnership with Novo Nordisk

    • 02:50 PM IST

      Maheshwari Logistics receives subsidy of Rs 25 crore

    • 02:43 PM IST

      Ruchi Soya FPO issue subscribed 2.47 times, QIB portion fully booked on Final Day

    • 02:15 PM IST

      Major European indices are trading in the green; CAC, DAX up 1% each

    • 02:09 PM IST

      Reserve Bank to maintain status quo at April meet: Axis Bank Chief Economist

    • 02:04 PM IST

      Shree Cement begins commercial production at Clinkerisation unit, Raipur

    • 01:43 PM IST

      Shares of Vivimed Labs falls 5% after State Bank of India initiated a forensic audit

    • 01:17 PM IST

      Shares of Aster DM Healthcare Ltd surged 8% to hit a six week high

    • 01:09 PM IST

      GR Infraprojects emerges lowest bidder for a project worth Rs 1,368 crore

    • 12:53 PM IST

      BSE Midcap index falls 0.5 percent dragged by the Ruchi Soya Industries, Container Corporation Of India, IDFC First Bank

    • 12:47 PM IST

      Reliance Industries telecom arm launches calendar month validity prepaid plan

    • 12:42 PM IST

      Nifty Metal index up 1 percent led by the Coal India, APL Apollo, NMDC

    • 12:30 PM IST

      Adani Wins coal block tenders in Madhya Pradesh

    • 12:27 PM IST

      Joyalukkas India files DRHP with SEBI to raise Rs 2,300 crore via IPO

    • 12:12 PM IST

      I-T search continues at Hero MotoCorp

    • 12:05 PM IST

      Indices trade lower with Nifty around 17000

    • 11:58 AM IST

      Nasdaq-listed Yatra Online’s Indian subsidiary files papers for an IPO

    • 11:37 AM IST

      Escorts share price fall over 8% in the last two trading sessions

    • 11:33 AM IST

      India reports 1,270 new COVID-19 cases, 31 deaths in a day

    • 11:29 AM IST

      Jefferies maintains buy rating on Bharti Airtel with a target at Rs 860

    • 11:23 AM IST

      Gold prices drop as dollar strengthens; Ukraine peace talks in focus

    • 11:19 AM IST

      Over 50 suitors submit EoIs for Reliance Capital & its group businesses: Sources

    • 11:14 AM IST

      Suven Pharma approves conversion of Rs 1.81 crore warrants and allots to promoter group at Rs 81.57 per share

    • 11:09 AM IST

      Balanced product mix of HDFC Life to cushion against business cyclicality; upgrade to buy: UBS

    • 11:04 AM IST

      Motherson Sumi Wiring India gets listed on BSE

    • 10:54 AM IST

      Ruchi Soya FPO issue subscribed 1.29 times on Final day

    • 10:48 AM IST

      Sagar Cements approves allotment of 13 million shares to PI Opportunities Fund

    • 10:44 AM IST

      Rupee to trade between 75.70 to 76.70 in the near term: Amit Pabari

    • 10:38 AM IST

      BSE Capital Goods index falls 1 percent dragged by the Praj Industries, BHEL, Grindwell Norton

    • 10:31 AM IST

      Adani Total Gas shares hit a fresh record high

    • 10:28 AM IST

      CLSA maintains buy on Bharti Airtel with a target at Rs 915 per share

    • 10:13 AM IST

      Indian rupee opens 17 paise lower at 76.37 per dollar

    • 10:03 AM IST

      Market extend opening losses, trade at day's low with Nifty around 17000

    • 09:57 AM IST

      Hariom Pipe Industries prices IPO at Rs 144-153 a share

    • 09:53 AM IST

      Joyalukkas India files draft papers to raise Rs 2,300 crore via IPO

    • 09:48 AM IST

      Motilal Oswal maintains buy on Bharti Airtel, target Rs 910

    • 09:45 AM IST

      BSE Oil & Gas index added 1 percent led by the Adani Total Gas, Gail, IOC

    • 09:28 AM IST

      Kalyan Jewellers board approves appointment of Vinod Rai as Chairman

    • 09:08 AM IST

      Nifty50 has support at 17,000: Mohit Nigam

    • 08:58 AM IST

      Indian markets likely to open on a flat note: ICICI Direct

    • 08:51 AM IST

      Yen back under pressure as BOJ steps in, bitcoin takes a leap

    • 08:47 AM IST

      After two years, regular international flights resume services

    • 08:37 AM IST

      Bitcoin rises 4.4 percent to $46,499

    • 08:34 AM IST

      Motilal Oswal maintains neutral rating on PVR, target Rs 1,600

    • 08:30 AM IST

      Godrej Properties enters into an agreement to develop 33-acre land parcel in Bengaluru

    • 08:24 AM IST

      Investors should buy INOX Leisure with an expected upside of Rs 510-530

    • 08:05 AM IST

      Final day of Ruchi Soya FPO; Offer subscribed 37% on Day 2

    • 08:02 AM IST

      Petrol, diesel rates increased on March 28; 6th hike in 7 days

    • 07:56 AM IST

      Oil slumps as Shanghai lockdown raises fears over drop in demand

    • 07:48 AM IST

      Shanghai locks down half the city to nail growing COVID-19 outbreak

    • 07:42 AM IST

      Asia shares dip, oil skids on Shanghai shutdown

    • 07:39 AM IST

      PVR, INOX announce merger, Ajay Bijli will be MD of combined entity

    • 07:35 AM IST

      S&P 500 ends higher with financials as Treasury yields jump

    • 07:30 AM IST

      SGX Nifty indicates a flat start for the Indian indices

  • IndexPricesChangeChange%
    Sensex59,708.08158.18 +0.27%
    Nifty 5017,616.30-45.85 -0.26%
    Nifty Bank40,513.00-142.05 -0.35%
    Nifty 50 17,616.30 -45.85 (-0.26%)
    Wed, Feb 01, 2023
    Biggest GainerPricesChangeChange%
    ITC361.409.05 +2.57%
    Biggest LoserPricesChangeChange%
    Adani Enterpris2,135.35-838.55 -28.20%
    Best SectorPricesChangeChange%
    Nifty FMCG44958.30501.40 +1.13%
    Worst SectorPricesChangeChange%
    Nifty PSU Bank3778.90-227.65 -5.68%


  • March 28, 2022 / 04:10 PM IST

    Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities:

    Markets once again witnessed sideways movement but finally managed to end on a higher note because of sharp gains in banking and oil & gas stocks. 

    Technically, one more time the Nifty took the support near 17000 or 200-day SMA and bounced back sharply to close above the 50-day SMA. But the broader texture of the market is still non directional. 

    In the near future, as long as the index is holding the 17100 level, the market is likely to retest the level of 17325-17400. However, if the index falls below the same, it could trigger further weakness till 17000-16950.

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  • March 28, 2022 / 04:06 PM IST

    Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas:

    The Nifty has entered into a consolidation mode in the last week. The Fibonacci retracement shows that the consolidation is panning out near the 61.8% retracement of Jan – March decline. The sideways action continued on March 28. 

    During the day, the index dipped towards the lower end of the range i.e. 17000 where multiple support parameters induced the bulls into action; resulting in a sharp recovery from 17000. 

    The overall, structure suggests that the consolidation can continue further in the range of 17000-17500 & dips towards 17000 will continue to offer buying opportunities for short term traders. 

  • March 28, 2022 / 04:03 PM IST

    Vinod Nair, Head of Research at Geojit Financial Services: 

    The current volatility is due to elevated commodity prices and resultant downgrade of future earnings growth. The price of products have been increasing constantly and is expected to increase further in the future, affecting demand and margin. 

    Uncertainties due to rising covid cases especially in China also added to the weakness. While Indian equities showed resilience and bounced back in green following a positive European market. 

    We can expect an ease in this volatility based the cessation of the war, commodity prices and supply constraints.

  • March 28, 2022 / 03:57 PM IST

    Sachin Gupta, AVP- Research at Choice Broking:

    The benchmark index wiped out its early morning losses and managed to close on a positive note at 17,222 with 69 point gains, while Bank Nifty inched up by 0.85% to close at 35710.50 levels. 

    Technically, the Nifty index has been forming like the Bullish Hammer Candlestick pattern on the daily chart. Also, closed above 50 days Exponential Moving Average that indicates positive moves in the coming day. 

    An indicator MACD suggested a positive crossover on the daily time frame. At present, the index has support at 17000 levels while resistance comes at 17450 levels. On the other hand, Bank Nifty has support at 35200 levels while resistance at 36300 levels.

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  • March 28, 2022 / 03:40 PM IST

    S Ranganathan, Head of Research at LKP securities:

    Benchmark Indices reversed early morning losses on positive global cues and hopes of RBI opting for status quo at its policy meet scheduled during first week of April. 

    The resumption of international flights energised hospitality stocks while the ongoing consolidation in the Media sector and positive tailwinds in the Telecom space lent ammunition to the Bulls despite an unfavourable Advance-Decline ratio. 

    The broader markets witnessed keen interest in state run enterprises of Gujarat with most of them posting yearly highs.

  • March 28, 2022 / 03:35 PM IST

    Market Close: Indian benchmark indices ended at day's high levels in the highly volatile session on March supported by the auto, bank, oil & gas and metal stocks.

    At close, the Sensex was up 231.29 points or 0.40% at 57,593.49, and the Nifty was up 69 points or 0.40% at 17222. About 1051 shares have advanced, 2268 shares declined, and 123 shares are unchanged.

    Bharti Airtel, Coal India, Axis Bank, Eicher Motors and ICICI Bank were among the top Nifty gainers. 

    On the other hand, UPL, SBI Life Insurance, Nestle India, Dr Reddy’s Laboratories, HDFC were among the big losers.

    Among sectors, bank and oil & gas indices gained a percent each, and auto and metal indices added 0.5 percent each. However, selling was seen in the capital goods, IT and pharma names.

    The broader indices underperformed the benchmarks. BSE midcap and smallcap indices ended in the red.

    Aster DM Healthcare share price rose 10 percent after the company signed a memorandum of understanding (MoU) with Tamil Nadu to set up healthcare facilities.

    Share prices of multiplex players PVR and Inox Leisure touched their 52-week highs, a day after the announcement of their merger deal to create a cinema giant with more than 1,500 screens.

    Share price of Bharti Airtel rose 3 percent as the company is going to acquire 4.7 percent equity in Indus Towers from an affiliate of Vodafone Group Plc at Rs 187.88 per share with the transaction totalling Rs 2,388.06 crore.

    GAIL India share price gained 3 percent as the meeting of the board of directors of the company is scheduled on March 31 to consider and approve buy back of the fully paid-up equity shares of the company.

  • March 28, 2022 / 03:29 PM IST

    Uma Exports IPO subscribed 1.85 times on first day

    The initial public offering of agricultural produce and commodities exporter Uma Exports received good response especially from retail investors on the first day of bidding as the IPO was subscribed 1.85 times garnering bids for 1.7 crore equity shares against offer size of 92.30 lakh equity shares.

    Retail investors bid 2.49 times the portion set aside for them, while the quota of non-institutional investors was subscribed 46 percent.

    Qualified institutional buyers have not started bidding yet. Half of the offer is for QIBs, 35 percent for retail investors and the remaining 15 percent for non-institutional investors.

    Uma Exports is planning to raise Rs 60 crore through its maiden public offer which is a fresh issue of shares.

  • March 28, 2022 / 03:29 PM IST

    Ruchi Soya FPO issue subscribed 3.15 times

    The follow-on public offer of Ruchi Soya Industries has been subscribed 3.15 times so far as the FPO garnered bids for 15.43 crore equity shares against the size of 4.89 crore equity shares on the final day of bidding.

    The retail quota, which is 35 percent of the issue, has seen a 82 percent subscription.

    The company has reserved half of the offer for qualified institutional buyers and 15 percent for non-institutional investors. Their portions were subscribed 1.6 times and 10.65 times respectively.

    Employees have put in bids for 76,986 equity shares against the 10,000 shares reserved for them.

    The Patanjali-backed company had already mopped up Rs 1,290 crore through the anchor book, out of the total fundraising aim of Rs 4,300 crore.

  • March 28, 2022 / 03:22 PM IST

    CLSA view on Embassy REIT 

    Research firm CLSA has maintained buy rating on Embassy Office Parks REIT with a target at Rs 413 per share.

    The leasing demand picking up well in positioned portfolio. The improvement in leasing demand, led by an increase in physical occupancy.

    The company is well positioned due to strategic presence in Bengaluru & its strong occupier base, it added.

     CLSA view on Embassy REIT   

 Research firm CLSA has maintained buy rating on Embassy Office Parks REIT with a target at Rs 413 per share. 

 The leasing demand picking up well in positioned portfolio. The improvement in leasing demand, led by an increase in physical occupancy. 

 The company is well positioned due to strategic presence in Bengaluru & its strong occupier base, it added.
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  • March 28, 2022 / 03:15 PM IST

    Gold prices may fall if the Russia-Ukraine war situation normalises: Emkay Wealth Management

    As per a report by Emkay Wealth Management titled ‘Navigator’, the gold prices have been rallying but may fall if the Russia-Ukraine war situation normalises. 

    Except for the UK, the interest rates in the rest of Europe has not been hiked so far, and it is felt that it may be delayed. 

    The aggressive stance by the US Fed is likely to cause some problem as US Dollar yields rise and the currency strengthens. The prices of commodities quoted in US Dollars is likely to gradually ease.

  • March 28, 2022 / 03:08 PM IST

    Nifty Auto index rose 0.5 percent supported by the Tube Investments Of India, Eicher Motors, Bajaj Auto

     Nifty Auto index rose 0.5 percent supported by the Tube Investments Of India, Eicher Motors, Bajaj Auto