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March 29, 2022 / 04:04 PM IST

Closing Bell: Nifty ends above 17,300, Sensex gains 350 pts led by pharma, realty; PSU banks drag

On the sectoral front, except oil & gas, all other indices ended in the green, with pharma and realty indices up 1 percent each and capital goods index added 0.65 percent. BSE midcap and smallcap indices added 0.6 percent each.

  • Closing Bell: Nifty ends above 17,300, Sensex gains 350 pts led by pharma, realty; PSU banks drag
    Stock Market Today:
    Moneycontrol.com
    HIGHLIGHTS
    • 03:35 PM IST

      Market ends near the day's high level with Nifty above 17,300

    • 03:23 PM IST

      Oil prices rise on tight supplies, stable demand

    • 03:17 PM IST

      G R Infraprojects emerges as L-1 bidder for two projects

    • 03:09 PM IST

      I-T department alleges Hero MotoCorp made bogus expenses of over Rs 1,000 crore

    • 03:08 PM IST

      IDBI Bank board approves Rupee Bond Borrowing limit of Rs 8000 crore

    • 03:01 PM IST

      Benchmark indices holding in the green amid volatility

    • 02:59 PM IST

      Uma Exports IPO subscribed 3.58 times, retail quota booked 4.82 times

    • 02:54 PM IST

      Bitcoin holds ground after touching highest this year

    • 02:46 PM IST

      Nifty PSU Bank index falls 1 percent dragged by the Bank of Maharashtra, UCO Bank, Punjab National Bank

    • 02:39 PM IST

      Hemani Industries files draft papers, to raise Rs 2,000 crore via IPO

    • 02:34 PM IST

      Ashoka Buildcon emerges lowest bidder for a project of Rs 1,079 crore

    • 02:27 PM IST

      Choice Broking assigns avoid rating for Veranda Learning Solutions IPO

    • 02:17 PM IST

      Nifty Pharma index rises 1 percent supported by the Ipca Laboratories, Divis Laboratories, Cipla

    • 02:03 PM IST

      Sensex, Nifty trade in the green; midcaps and smallcaps up 0.5 % each

    • 01:49 PM IST

      Hemani Industries files draft papers with Sebi, to raise Rs 2,000 crore via IPO

    • 01:23 PM IST

      Filatex India board approves share buyback up to Rs 59.50 crore at Rs 140 per share

    • 01:19 PM IST

      Goldiam International gets additional export orders worth of Rs 60 crore

    • 01:12 PM IST

      Embassy REIT board approves debt financing arrangement with Golflinks Software

    • 01:06 PM IST

      PNC Infratech emerges lowest bidder for a project worth Rs 1,575 crore

    • 12:52 PM IST

      Alembic Pharma to acquire 40% stake of Orbicular Pharma in JV company

    • 12:42 PM IST

      Engineers India bags order from BORL for consultancy services for green hydrogen plant at Bina refinery

    • 12:36 PM IST

      Asian shares gain as BOJ defends ultra-easy stance, oil eases on Shanghai lockdown

    • 12:28 PM IST

      RITES, NRZ sign MoU on technical cooperation

    • 12:13 PM IST

      Veranda Learning Solutions IPO covered 32% on first day as retail portion booked 2.16 times

    • 11:33 AM IST

      BSE Oil & Gas index slips 0.6 percent dragged by the ONGC, Adani Total Gas, Gail India

    • 11:16 AM IST

      Credit Suisse keeps neutral rating on Voltas with a target at Rs 1,225

    • 11:09 AM IST

      Ruchi Soya FPO’s total subscription falls to 2.58x from 3.6x as investors withdraw applications

    • 10:52 AM IST

      Veranda Learning Solutions IPO covered 25% on first day as retail portion booked 1.84 times

    • 10:47 AM IST

      Nifty metal down half a percent dragged by Coal India, NMDC, NALCO, SAIL

    • 10:31 AM IST

      Veranda Learning Solutions IPO covered 17% on first day as retail portion fully booked

    • 10:18 AM IST

      Indian rupee opened 19 paise higher at 75.97 per dollar

    • 10:14 AM IST

      India logs 1,259 COVID-19 cases and 35 deaths in a day

    • 10:12 AM IST

      Bharti Airtel acquires 12.71 crore shares of Indus Towers from Vodafone Plc

    • 09:55 AM IST

      Ruchi Soya Industries shares jump 20% after FPO subscribed 3.6 times

    • 09:49 AM IST

      Zen Technologies secures domestic order worth Rs 5.28 crore from J&K Police

    • 09:41 AM IST

      BSE Realty Index up 1 percent led by the Brigade Enterprises, Indiabulls Real Estate, Godrej Properties

    • 09:27 AM IST

      SBI Life Insurance Company top gainer post block deal

    • 09:17 AM IST

      Indices open on positive note with Nifty around 17300

    • 09:12 AM IST

      Benchmark Indices are expected to open on a positive note: Mohit Nigam

    • 09:10 AM IST

      Aurobindo Pharma acquires business and certain assets of Veritaz Healthcare

    • 09:07 AM IST

      Indian markets are likely to open gap up on the back of strong global cues: ICICI Direct

    • 08:55 AM IST

      Nifty has support at 17,000 and below the same, expect to touch 16,691 mark: Prashanth Tapse

    • 08:52 AM IST

      BSE invites application for post of MD, CEO

    • 08:47 AM IST

      Dollar hits 6-year high versus yen as BOJ moves against rising bond yields

    • 08:42 AM IST

      Ruchi Soya files FIR against circulation of unsolicited messages advertising company's FPO

    • 08:34 AM IST

      Ruchi Soya FPO issue subscribed 3.6 times on Final Day

    • 08:30 AM IST

      Uma Exports IPO subscribed 2.14 times on first day

    • 08:24 AM IST

      Here are the stocks that are in news today

    • 08:19 AM IST

      PVR among three stocks under F&O ban for Tuesday

    • 08:14 AM IST

      Veranda Learning Solutions raises Rs 46.75 crore from anchor investors

    • 08:06 AM IST

      Veranda Learning Solutions IPO opens today for subscription

    • 08:01 AM IST

      SEBI gives option to investors to withdraw from Ruchi Soya FPO

    • 07:57 AM IST

      BlackRock, Mubadala to invest in Tata’s green energy initiative

    • 07:55 AM IST

      Asian Markets are trading higher with Hang Seng, Nikkei up 0.5 percent each

    • 07:48 AM IST

      SBI Life insurance launches block deal, Canada Pension Fund to sell 0.56% stake

    • 07:44 AM IST

      Oil drops on China demand worries, Ukraine peace talk hopes

    • 07:37 AM IST

      S&P 500 climbs for third straight day as Tesla leads

    • 07:33 AM IST

      SGX Nifty indicates a positive start for the Indian indices

    • 07:26 AM IST

      Petrol crosses Rs 100 in Delhi after 80 paise hike, diesel up 70 paise

  • IndexPricesChangeChange%
    Sensex59,549.9049.49 +0.08%
    Nifty 5017,662.1513.20 +0.07%
    Nifty Bank40,655.05267.60 +0.66%
    Nifty 50 17,662.15 13.20 (0.07%)
    Tue, Jan 31, 2023
    Biggest GainerPricesChangeChange%
    M&M1,378.7547.15 +3.54%
    Biggest LoserPricesChangeChange%
    Bajaj Finance5,886.40-135.40 -2.25%
    Best SectorPricesChangeChange%
    Nifty PSU Bank4006.55164.45 +4.28%
    Worst SectorPricesChangeChange%
    Nifty IT29740.30-354.50 -1.18%


  • ADVERTISEMENT
  • March 29, 2022 / 04:46 PM IST

    Prashanth Tapse, Vice President (Research), Mehta Equities:

    The market mood remained relatively upbeat amidst falling crude-oil prices on backdrop of media reports that Russia was no longer going to demand Ukraine be "denazified" in the upcoming negotiations.

    The index mostly will aim to strengthen higher on backdrop of recent fall in oil prices as investors will continue to monitor developments in the Russia-Ukraine war and consider tighter monetary policy from the Federal Reserve in the year ahead.

    Technically, positive bias as long as Nifty holds above its 200 DMA at 17053 mark. Nifty bears will look to sharpen their claws only below the 17053 mark.

  • March 29, 2022 / 04:05 PM IST

    Ashwin Patil, Senior Research Analyst at LKP Securities.

    Despite the fall, Hero MotoCorp does not look very attractive to us in the long term mainly due to pressure on its volumes and a tepid outlook given the rise in fuel costs, slow recovery in both urban and rural markets and a 25-30% hike in acquisition costs of the two-wheelers since the pandemic started. 

    However, the knee jerk reaction shown today in the stock may see some recovery tomorrow provided the management gives a satisfactory clarification to the street.

  • March 29, 2022 / 04:05 PM IST

    Rahul Sharma, Co-founder Equity 99: 

    Markets ended bullish with the broader indices up by 0.60%. This was on the hope of positive outcome form the peace talks between Russia and Ukraine. The fall in oil price also supported the market. 

    However, the rising inflation, increase in crude oil rates and US FED rate hike need to be considered. This can affect the market for the short term. However, in the long run markets will give good move and we advise to maintain buy on dips strategy at major levels.

    For Nifty50, 17300 will act as very strong support, if this level is breached than 17255 will be next strong support, post which market might take support at 17150 level. On upper side 17440 will be strong resistance, if this level is breached than next hurdle will be 17530 post which 17600 will act as strong resistance level.

  • ADVERTISEMENT
  • March 29, 2022 / 04:02 PM IST

    Palak Kothari, Research Associate at Choice Broking:

    Index has been trading in a range of 17000-17400 level for 8th trading day, as index has opened on green note but made an intraday low at 17235.70 level and closed the session at 17325.30 level with a gain of 103.30 points. Bank Nifty closed the session at 35847.40.

    Technically, the Nifty50 is trading near to the resistance levels & above 50-day Simple Moving Averages indicates further strength. The index has confirmed the hammer candlestick on a daily chart which confirms the strength in the counter. 

    However, the momentum indicator STOCHASTIC in trading with positive crossover on daily charts which indicates upside movement can be seen. Moreover, the index has managed to close above 21-HMA, sustained above the same can show northward direction. 

    The Nifty may find support around 17000 levels while on the upside 17400 may act as an immediate hurdle for the index. On the other hand, Bank Nifty has support at 35300 levels while resistance at 36500 levels.

  • March 29, 2022 / 03:56 PM IST

    Vinod Nair, Head of Research at Geojit Financial Services:

    Reports of peace talks between Russia and Ukraine along with weakening crude prices helped the global markets to trade firm. Gains in the Asian markets were led by Japanese shares as the Bank of Japan maintained its ultra-loose monetary policy in order to control rising yields. 

    Crude prices are settling following the prospects of a peace talk and in expectation of lower demand from the Chinese market due to increased covid restrictions.

  • March 29, 2022 / 03:51 PM IST

    Rupak De, Senior Technical Analyst at LKP Securities:

    Nifty ended the session just below the resistance of 17330. The benchmark index witnessed a recovery following a hammer candle on the daily chart. 

    Going forward, 17330 may continue to act as the point of polarity. 

    A decisive move beyond 17330 may induce a strong rally in the market. On the lower end, support is visible at 17200.

  • March 29, 2022 / 03:35 PM IST

    Market Close: Indian benchmark indices ended near the day's high level with Nifty comfortably closing above 17,300 led by the pharma, realty and capital goods.

    At Close, the Sensex was up 350.16 points or 0.61% at 57,943.65, and the Nifty was up 103.30 points or 0.60% at 17,325.30. About 1307 shares have advanced, 1917 shares declined, and 89 shares are unchanged. 

    Eicher Motors, Divis Labs, JSW Steel, HDFC and Adani Ports were among the top Nifty gainers.

    On the other hand, Hero MotoCorp, ONGC, Coal India, IOC and ITC were among the big losers.

    On the sectoral front, except oil & gas, all other indices ended in the green, with pharma and realty indices up 1 percent each and capital goods index added 0.65 percent.

    BSE midcap and smallcap indices added 0.6 percent each.

    Hero MotoCorp share price slipped nearly 7 percent after Income Tax department alleged that the company made bogus expenses of over Rs 1,000 crore.

    Bharti Airtel share price jumped 3 percent after the company along with unit Nettle Infrastructure Investments, had bought 12.71 crore shares of Indus Towers from an affiliate of UK’s Vodafone Group Plc for Rs 2,388.05 crore.

    SBI Life Insurance Company share price rose over 2 percent on a block deal worth Rs 596.5 crore today morning and yesterday's sale of 0.56 percent stake in the firm by Canada pension fund at a price band of Rs 1,039-Rs 1,077 apiece as per CNBC-TV18.

    G R Infraprojects shares rose 4 percent after company has emerged as L-1 bidder for two projects - four laning of existing 2-lane stretch from Govindpur to Rajura in Maharashtra, and another four laning of existing 2-lane stretch from Bamni to MH/TG Border in Maharashta on Hybrid Annuity Mode under Commercial Operation NH(O).

    Shares of Ruchi Soya Industries added 15 percent after investors in Ruchi Soya's Follow-on Public Offer (FPO) have allowed to withdraw their bids, all because of an advertisement that was termed as misleading by the market regulator SEBI. However, the extension of FPO, only for withdrawal of bids briefly caused confusion among investors.

  • March 29, 2022 / 03:23 PM IST

    Oil prices rise on tight supplies, stable demand:

    Oil prices rose on Tuesday, recovering some of the previous session's losses as Kazakhstan's supplies continued to be disrupted and major producers showed no sign of being in a hurry to boost output significantly.

    Brent crude rose $1.41, or 1.3%, to $113.89 a barrel at 0848 GMT, and U.S. West Texas Intermediate (WTI) crude was up 95 cents, or 0.9%, at $106.91. Both benchmarks had lost about 7% on Monday.

  • ADVERTISEMENT
  • March 29, 2022 / 03:17 PM IST

    G R Infraprojects emerges as L-1 bidder for two projects:

    G R Infraprojects has emerged as L-1 bidder for two projects - four laning of existing 2-lane stretch from Govindpur to Rajura in Maharashtra, and another four laning of existing 2-lane stretch from Bamni to MH/TG Border in Maharashta on Hybrid Annuity Mode under Commercial Operation NH(O).

    G R Infraprojects was quoting at Rs 1,507.65, up Rs 58.45, or 4.03 percent on the BSE.

  • March 29, 2022 / 03:09 PM IST

    I-T department alleges Hero MotoCorp made bogus expenses of over Rs 1,000 crore

    Income Tax department alleged that Hero MotoCorp made bogus expenses of over Rs 1,000 crore. The Income Tax investigation work is in progress, quoting Source, reported CNBC-TV18.

    I-T Department has conducted search ops at Hero MotoCorp from March 23-26 and has covered over 40 locations including Chairman Pawan Munjal’s residence.

     I-T department alleges Hero MotoCorp made bogus expenses of over Rs 1,000 crore  

 Income Tax department alleged that Hero MotoCorp made bogus expenses of over Rs 1,000 crore. The Income Tax investigation work is in progress, quoting Source, reported CNBC-TV18. 

 I-T Department has conducted search ops at Hero MotoCorp from March 23-26 and has covered over 40 locations including Chairman Pawan Munjal’s residence.