Axis Bank to acquire Citibank's India consumer business for $1.6 billion
Reliance Industries set to get a record price for the KG gas
BSE Oil & Gas index slips 1 percent dragged by the ONGC, Adani Total Gas, HPCL
Jindal Stainless reappoints Ratan Jindal as CMD
Benchmark indices trade at day's high with Nifty above 17500
Citibank may announce sale of its India consumer business to Axis Bank
BSE Information Technology index rises 1 percent supported by the Vakrangee, Nucleus Software Exports, Subex
ITC surges 17% in March, the most in 16 months
Cabinet approves amendment in Mega Power Policy 2009 for provisional mega power projects
Hariom Pipe Industries IPO subscribed 51% on first day; Retail investors booked 1.46 times
Veranda Learning Solutions IPO Day 2: Offer fully subscribed, retail portion booked 5.89 times
Uma Exports IPO subscribed 5.79 times, retail portion booked 7.8 times on final day
Hero MotoCorp will increase ex-showroom prices of its motorcycles and scooters
BSE Power index rises 1 percent supported by the Adani Green, BHEL, Adani Transmission
CCI conducts raids at headquarters of CEAT, MRF & Apollo Tyres
S&P revises Bajaj Finance outlook to positive
Credit Suisse maintains outperform rating on Emami, cut target to Rs 640 from Rs 700
Indices trade higher with Nifty around 17500
Exide Industries board approves merger of subsidiary Chloride Power with itself
Morgan Stanley keeps overweight rating on ONGC with a target at Rs 263
Hariom Pipe Industries IPO subscribed 42% on first day; Retail investors booked 1.2 times
BHEL wins order for compressor package from Iraq
Adani Group achieves financial closure of Navi Mumbai International Airport project
Morgan Stanley keeps overweight rating on Tata Consumer Products with a target at Rs 886
BSE Capital Goods index up nearly 1 percent led by the BHEL, Carborundum Universal, Schaeffler India
Dilip Buildcon emerges as lowest bidder for project worth Rs 1,589 crore
Aurionpro Solutions arm wins order from large banks in Singapore
Sun Pharma arm enters into exclusive patent licensing agreement with H. Lundbeck
Nifty Bank index gains 1 percent supported by the Bandhan Bank, Axis Bank, RBL Bank
Ministry of Defence, Bharat Electronics sign contracts worth Rs 3,102 crore
Veranda Learning Solutions IPO subscribed 86% on day 2, retail portion booked 4.95 times
Hariom Pipe Industries IPO subscribed 14% on first day
Indian rupee opens 35 paise higher at 75.64 per dollar
Hero MotoCorp share price in focus today on clarification on bogus expenses, price hike
BSE Realty index rises 1 percent supported by the Macrotech Developers, Indiabulls Real Estate, Brigade Enterprises
Motilal Oswal maintains buy rating on Tata Consumer Products, target price of Rs 900
Government to sell off 1.5% stake in ONGC to raise Rs 3,000 crore
Indices extend opening gains, trade at day's high
Jain Irrigation Systems implements debt resolution effective on March 25
BSE Auto index added 1 percent led by the Hero MotoCorp, Maruti Suzuki, TVS Motor
Nifty Metal index slips 1 percent dragged by the Hindalco, NALCO, Tata Steel
USDINR to trade in a range between 75.80 to 76.20: Heena Naik
Indices open higher with Nifty above 17400
Asia shares join global rally after Ukraine-Russia talks
Here are the list of stocks that are in news today
Indian markets are likely to open gap up: ICICI Direct
Gold gains as dollar, yields weaken; progress in Russia-Ukraine talks weighs
GST Council may hold merging tax slabs till crude oil prices cool
Support for Nifty at 17000 mark: Prashanth Tapse
IDBI Bank to sell 20 crore shares in Ageas Federal Life, 11.10% stake in NSDL
ICRA cuts India's FY23 GDP growth estimate sharply to 7.2% on Ukraine conflict impact
Inversion of key US yield curve slice is a recession alarm
Hariom Pipe Industries IPO opens today for subscription
Tata Consumer to demerge Tata Coffee's plantation operation into arm
Ruchi Soya board meeting to fix FPO issue price postponed to March 31
Government to sell off 1.5% stake in ONGC to raise Rs 3,000 crore
Russia being demilitarized: Ukraine ambassador
Oil rises on supply tightness despite "constructive" Ukraine-Russia talks
Hero MotoCorp to revise prices of its motorcycles & scooters
Russia to scale back military operations near Ukraine’s capital and a northern city
Asian Markets are trading mostly higher with Hang Seng up 1%; Nikkei down 1%
Hero MotoCorp clarifies on media news regarding I-T raid
Wall Street rallies on hopes Russia, Ukraine can resolve conflict
SGX Nifty indicates a positive start for the Indian indices
Petrol, diesel prices hiked by 80 paise; total increase now stands at Rs 5.60
| Index | Prices | Change | Change% |
|---|---|---|---|
| Sensex | 54,288.61 | 0.00 | +0.00% |
| Nifty 50 | 16,214.70 | 0.00 | +0.00% |
| Nifty Bank | 34,247.60 | 0.00 | +0.00% |
| Biggest Gainer | Prices | Change | Change% |
|---|---|---|---|
| M&M | 941.90 | 38.10 | +4.22% |
| Biggest Loser | Prices | Change | Change% |
|---|---|---|---|
| JSW Steel | 547.55 | -83.55 | -13.24% |
| Best Sector | Prices | Change | Change% |
|---|---|---|---|
| Nifty Auto | 11115.20 | 200.60 | +1.84% |
| Worst Sector | Prices | Change | Change% |
|---|---|---|---|
| Nifty Metal | 5241.60 | -464.75 | -8.14% |
Follow our LIVE blog for the latest updates on the Russia-Ukraine and its impact
Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities:
Bulls were back in action ahead of the F&O expiry, which helped Sensex close above the crucial 58000-mark. Investors cheered the reports that both Russia & Ukraine are engaged in peace talks, which is providing some stability to markets globally.
Another key aspect has been the fall in crude oil prices, which would help keep a lid on rising inflation levels.
Currently, the market is trading near its important resistance level and has also formed a small Hammer candlestick formation.
We are of the view that as long as the Nifty is trading above 17400, the breakout structure is likely to persist till 17600-17645. On the flip side, below 17400, the index could retest the level of 17350-17265.
Rahul Sharma, Co-owner - Equity 99:
Indian markets rose for 3rd day today on back of positive signals on peace talks between Russia and Ukraine. Markets are expected to remain volatile in coming time considering the lockdown in China.
We expect some movement from coming week in IT stocks as companies will start declaring Q4 results, with IT leading the pack.
For Nifty50, 17400 will act as very strong support on breaking which we might see 17360 levels and if this level is also breached than next stop will be around 17290 levels.
On upper side 17525 will act as very strong resistance, and if Nifty goes beyond these levels than next stop will be around 17600, which if broken will take market to 17725 levels.
Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas:
In the case of Nifty, the leap that started from the 17000 mark continued further on the upside on March 30. As a result, the Nifty has tested the crucial 17500 mark. It crossed that level on an intraday basis however couldn’t sustain in the higher territory on a closing basis.
Unless 17500 gets taken out on the upside on a closing basis the index is expected to stay in a consolidation range of 17000-17500.
On the other hand, if the bulls manage to achieve a daily close above 17500 then the table will turn in favor of the bulls. In that case, the Nifty can extend towards 18000. So the index is currently hovering around a make or break level from short term perspective.
Axis Bank to acquire Citibank's India consumer business:
Private lender Axis Bank will acquire Citibank's India consumer business for $1.6 billion in all cash deal, the Citigroup announced on March 30.
The transaction comprises the sale of the consumer banking businesses of Citibank India, which includes credit cards, retail banking, wealth management and consumer loans, Citigroup said.
Sachin Gupta, AVP-Research at Choice Broking:
Technically, Nifty has been rising continuously from the last three trading sessions and moved above the prior swing highs. Moreover, the index has sustained above 100-EMA on the daily chart that suggests a bullish strength for the coming day.
A momentum indicator RSI (14) is moving above 60 level & MACD is indicating positive crossover, supporting the bullish trend.
At present, the index has support at 17340 levels while resistance comes at 17650 levels. On the other hand, Bank Nifty has support at 35700 levels while resistance at 36900 levels.
Vinod Nair, Head of Research at Geojit Financial Services:
High volatility prevailed in the global market, but peace talks between Russia and Ukraine gave hopes of de-escalation of the war, helping the domestic market to trade with confidence.
The ease in crude oil & commodity prices supported the market as it will help corporates to reduce their margin pressure.
Rupee Close:
Indian rupee ended 8 paise higher at 75.91 per dollar against Tuesday’s close of 75.99.
Market Close: Benchmark indices ended higher for the third consecutive session on March 30 amid positive global cues.
At close, the Sensex was up 740.34 points or 1.28% at 58,683.99, and the Nifty was up 173 points or 1% at 17,498.30. About 2001 shares have advanced, 1213 shares declined, and 93 shares are unchanged.
Bajaj Finserv, HDFC Life, Tata Consumer Products, Bajaj Finance and Hero MotoCorp were among the top Nifty gainers.
However, top losers included ONGC, Hindalco, JSW Steel, ITC and Tata Steel.
On the sectoral front auto, IT, bank, capital goods and realty indices rose 1 percent each, while metal index shed nearly 3 percent, oil & gas index slipped 0.8 and power index fell 0.4 percent.
BSE midcap and smallcap indices were up 0.8-1 percent.
Government to announce revised natural gas price for next 6 months, tomorrow. ONGC may fetch more than double the rate for its Mumbai high & other fields, quoting Sources to PTI, reported CNBC-TV18.
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