Domestic indices opened higher on Tuesday amid positive sentiment in global markets. The NSE Nifty 50 rose 32.65 pts or 0.19% to 17,021.05 and BSE Sensex advanced 129.03 pts or 0.22% to 57,757.98. Bank Nifty rose 79.70 pts or 0.20% to 39,441.65. The top gainers on Nifty 50 were Bajaj Finance, HDFC Life, Reliance, Titan and Bharti Airtel while the top losers were Tech Mahindra, Power Grid, ITC, HCL Tech and TCS.
The sectoral indices were trading mostly in green. Bank Nifty
HDFC AMC, PVR stocks in focus today
PVR Ltd shares rose 2.12% to Rs 1579.35 after ICICI Prudential MF bought 6.41 lakh shares of the multiplex chain while SBI Mutual Fund bought 14.7 lakh shares and Societe Generale-ODI acquired 3.28 lakh shares. The seller was Berry Creek Investment who offloaded 24.39 lakh shares (2.49%) at Rs 1,559.35 per equity share.
Asian and US stock markets
Asian markets were trading in green with China’s Shanghai Composite index rising 13.90 pts or 0.43% at 3,248.78, Hong Kong’s Hang Seng climbed 198.55 or 1.04% to 19,199.26 and South Korea’s KOSPI advanced 17.43 pts or 0.73% to 2,396.73. In Japan, the stock market remained closed on Tuesday.
The US market ended Monday’s session in positive territory with Dow Jones Industrial Average rising 382.60 pts or 1.20% to 32,244.58, S&P 500 climbing 34.93 pts or 0.89% to 3,951.57 and the tech-heavy Nasdaq advancing 45.02 pts or 0.39% to 11,675.54.
FII and DII data
Foreign institutional investors (FII) sold shares worth a net Rs 2,545.87 crore, while domestic institutional investors (DII) acquired equities worth a net Rs 2,876.64 crore on 20 March, according to the provisional data available on the NSE.
NSE F&O Ban
The National Stock Exchange has Biocon