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March 30, 2022 / 03:57 PM IST

Closing Bell: Nifty ends near 17,500, Sensex gains 740 pts led by realty, autos; metals drag

Stock Market LIVE Updates: BSE midcap and smallcap indices up 0.8-1.2 percent. On the sectoral front auto, IT, bank, capital goods and realty indices up 1 percent each, while metal index down nearly 3 percent and oil & gas index down 1 percent.

  • IndexPricesChangeChange%
    Sensex54,288.610.00 +0.00%
    Nifty 5016,214.700.00 +0.00%
    Nifty Bank34,247.600.00 +0.00%
    Nifty 50 16,214.70 0.00 (0.00%)
    Tue, May 24, 2022
    Biggest GainerPricesChangeChange%
    M&M941.9038.10 +4.22%
    Biggest LoserPricesChangeChange%
    JSW Steel547.55-83.55 -13.24%
    Best SectorPricesChangeChange%
    Nifty Auto11115.20200.60 +1.84%
    Worst SectorPricesChangeChange%
    Nifty Metal5241.60-464.75 -8.14%


  • March 30, 2022 / 04:22 PM IST

    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.

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  • March 30, 2022 / 04:12 PM IST

    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.

  • March 30, 2022 / 04:08 PM IST

    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. 

  • March 30, 2022 / 03:59 PM IST

    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.

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  • March 30, 2022 / 03:57 PM IST

    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.

  • March 30, 2022 / 03:50 PM IST

    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.

  • March 30, 2022 / 03:40 PM IST

    Rupee Close:

    Indian rupee ended 8 paise higher at 75.91 per dollar against Tuesday’s close of 75.99.

  • March 30, 2022 / 03:36 PM IST

    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.

  • March 30, 2022 / 03:22 PM IST

    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.

     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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  • March 30, 2022 / 03:20 PM IST

    Government to announce revised natural gas price for next 6 months, tomorrow.Reliance Industries set to get a record price of USD 10/mmBtu for the KG gas, quoting Sources to PTI, reported CNBC-TV18.

    Government to announce revised natural gas price for next 6 months, tomorrow.Reliance Industries set to get a record price of USD 10/mmBtu for the KG gas, quoting Sources to PTI, reported CNBC-TV18.
  • March 30, 2022 / 03:19 PM IST

    BSE Oil & Gas index slipped 1 percent dragged by the ONGC, Adani Total Gas, HPCL:

     BSE Oil & Gas index slipped 1 percent dragged by the ONGC, Adani Total Gas, HPCL:
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