Domestic indices opened in the negative territory on F&O expiry but turned green as the market sentiment improved. The NSE Nifty 50 rose 14.20 pts or 0.08% to 17,166.10 and BSE Sensex rose 53 pts or 0.09% to 58,267.87. Bank Nifty rose 41.65 pts or 0.10% to 40,040.70. The top gainers on Nifty 50 were Netslte India, Hindalco, Tata Motors, Larsen & Toubro and Adani Ports while the top losers were Asian Paints, HCL Tech, Wipro, Infosys and Bajaj Auto.
HAL shares in focus today
Hindustan Aeronautics Ltd (HAL) shares tanked 5.5% to Rs 2480.05 on Thursday after the Central Government announced the disinvestment of up to 3.5% stake in Hindustan Aeronautics (HAL) to raise Rs 2,867 crore. The floor price has been set at Rs 2450, a discount of just over 1% from the current price.
The sectoral indices were trading mostly in green. Bank Nifty
Asian and US stock markets
Asian markets were mostly trading flat with China’s Shanghai Composite index rising 0.09%, Hong Kong’s Hang Seng climbing 0.03%, South Korea’s KOSPI falling 0.27% and Japan’s Nikkei 225 tanking 0.45%.
The US market ended the overnight session in negative territory with Dow Jones Industrial Average tanking 1.63%, S&P 500 plunging 1.65% and the tech-heavy Nasdaq tumbling 1.60%.
FII and DII data
Foreign institutional investors (FII) net bought shares worth Rs 61.72 crore, while domestic institutional investors (DII) net acquired equities worth Rs 383.5 crore on 22 March, according to the provisional data available on the NSE.
NSE F&O Ban
The National Stock Exchange has Biocon