Share Market Highlights: Sensex closes 641 points higher, Nifty ends at 14,744; HUL, NTPC top index gainers

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Updated: March 19, 2021 4:32:43 pm

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic equity markets benchmarks saw a volatile trading session on Friday but managed to end the day with gains.

Share Market Today, Share Market LiveIndia VIX closed below 20 levels.

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic equity market benchmarks BSE Sensex and Nifty 50 traded volatile on Friday but managed to close with gains. BSE Sensex closed 641 points higher at 49,858 points and the NSE Nifty 50 ended at 14,744. NTPC, HUL and Reliance Industries were the top index gainers. Tech Mahindra and Larsen & Toubro were the top drags. The volatility index slipped further and closed below 20 levels on Friday. Among sectoral indices, Nifty Realty was the only one to end in the red. Nifty FMCG and Nifty Metal were the top gainers.

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Highlights

    16:30 (IST)19 Mar 2021
    Sensex ends 1,270 pts higher from day's low, Nifty closes above 14,700 as indices rebound strongly

    Stock markets rebounded strongly on Friday after falling earlier in the day. Sensex closed 641 points higher while Nifty 50 was at 14,744. Index heavyweight Reliance Industries was among the top gainers, accompanied by NTPC, HUL, and Powergrid Corporation. India VIX, the volatility gauge ended in the negative territory after having gained earlier in the day.  Among sectoral indices, Nifty Realty was the only one to end in the red. Nifty FMCG and Nifty Metal were the top gainers.

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    15:33 (IST)19 Mar 2021
    Closing bell

    Sensex and Nifty ended in the green for the first time this week. Sensex touched 50,000 ahead of the closing bell but failed to hold on to gains. Nifty ended above 14,700.

    15:18 (IST)19 Mar 2021
    Nifty Realty still in red

    The Nifty Realty index was still trading in the red while all other sectoral indices were up in the green. The realty index was down 0.51%, hit by the weakness in Brigade Enterprises, Phoenix Mills, and Godrej Properties.

    15:12 (IST)19 Mar 2021
    Down from highs

    Profit booking has taken Sensex marginally lower after the benchmark index hit 50,000 earlier. Nifty was still above 14,750. 

    15:09 (IST)19 Mar 2021
    Sensex scaled mount 50K

    Sensex, charting a smart recovery from the lows has managed to zoom over 700 points regaining the 50,000 mark just ahead of the closing bell on Friday. 

    15:06 (IST)19 Mar 2021
    Almost all Sensex stocks in green

    Almost all Sensex stocks turned the tables on bears and moved into the positive territory with minutes left ahead of the closing. L&T, Tech Mahindra were the only two stocks down in the red, Bajaj Auto was trading flat. 

    15:03 (IST)19 Mar 2021
    Sensex nears 50,000

    Sensex has crossed 49,900 and was marching towards 50,000 mark as bulls seemed to be back on Dalal Street. NTPC, Powergrid, HUL, and ITC were the top gainers. 

    14:58 (IST)19 Mar 2021
    Fear gauge moves into negative

    India VIX or the fear gauge of domestic stock markets soared nearly 4% on Friday morning but in the dying hours of trade the volatility index fell into the negative. 

    14:57 (IST)19 Mar 2021
    Aarti Drugs share price skyrockets

    Share price of Aarti Drugs shot up 12.5% to trade at Rs 768.5 per share on BSE after the company approved a biyback of equity shares at Rs 1,000 apiece. 

    14:46 (IST)19 Mar 2021
    Nifty jumps, but where could it face resistance?

    Nifty is above 14,700 levels after having slipped to as low as 14,350 earlier in the day. Now, investors need to keep an eye on resistance levels. "The zone of 14,735-14,750 may act as initial resistance on a closing basis," said Milan Vaishnav, CMT, MSTA, Consulting Technical Analyst and founder of Gemstone Equity Research & Advisory Services.

    14:39 (IST)19 Mar 2021
    Private consumption and non-residential investment to pick up

    'We expect private consumption and non-residential investment to materially pick up over the next few quarters and strengthen the domestic demand revival in 2021,” Moody’s said. “This forecast is equivalent to real GDP, in level terms, growing by 4.4 per cent above pre-COVID-19 levels (as of March 2020) by the end of 2021, or equivalently, by 5.7 per cent above the GDP level in December 2020 by the end of 2021,” the global rating agency added.

    14:38 (IST)19 Mar 2021
    Moddy's upgrades India GDP projections

    Moody's has upgraded India's GDP growth projection to12% in 2021. With this India could become the fastest-growing major economy in 2021. 

    14:30 (IST)19 Mar 2021
    Smallcaps underperform

    The BSE Smallcap index was trading in the negative while the benchmark Sensex was up and running on Friday afternoon. On NSE, the Nifty Smallcap 100 was down 0.14% and the Nifty Smallcap 250 was down 0.23%. Meanwhile, the Nifty 50 was up 0.77%.

    14:14 (IST)19 Mar 2021
    Bulls coming back?

    Sensex jumped 400 points while Nifty was charting its way toward 14,700 with little over an hour left to trade on Friday. 

    14:09 (IST)19 Mar 2021
    Top Sensex gainers

    Powergrid Corporation, NTPC, and ITC were the top gainers on Sensex at this hour. Powergrid and NTPC jumped over 4% each.

    14:04 (IST)19 Mar 2021
    Oil sentiment worsens

    Oil sentiment towards Europe seems to be rock-bottom at the moment, weighed on by news earlier this week of the AstraZeneca vaccine. Still, this could lead to a price u-turn soon after Germany, France, Spain and Italy, saying they will recommend using the AstraZeneca vaccine after the European Medicines Agency deemed it "safe and effective." Not to mention inventories drew down this week, these should be good results, and when combined, it could be the reason for the soft recovery bid in oil in Asia this morning.

    ~ Stephen Innes, Chief Global Market Strategist at Axi.

    13:41 (IST)19 Mar 2021
    Sector watch

    Nifty auto, Nifty media, and Nifty realty were the only three stocks that were down in the red at 1:40 PM on Friday. Nifty FMCG, and Nifty Pharma were the best performing sectoral indices, surging 2% and 1% each.

    13:10 (IST)19 Mar 2021
    Nifty remains volatile

    50-stock NSE Nifty remains volatile today, dancing between gains and losses. The volatility gauge, India VIX, was up 3.32% at 20.75 levels on Friday. 

    12:57 (IST)19 Mar 2021
    What sectors to watch out for?

    "Markets are more likely to be stock specific than sector-specific. However, we expect names from IT, FMCG/Consumption, very few and select MIDCAPS along with ENERGY pack putting up a resilient show," said Milan Vaishnav, CMT, MSTA, Consulting Technical Analyst and founder of Gemstone Equity Research & Advisory Services.

    12:56 (IST)19 Mar 2021
    Top drags

    On Sensex, Bajaj Finance and Larsen & Toubro were the top drags falling more than 2% each. These were followed by Mahindra and Mahindra, Maruti Suzuki India, and Bajaj Finserv.

    12:47 (IST)19 Mar 2021
    US stimulus may fuel another GameStop saga; penny stocks, crypto in focus

    Wall Street could be in for a repeat of the Gamestop-like playbook in the coming weeks, with young investors pouring their fresh US stimulus cheques again into heavily shorted stocks. The theme that investors could focus on remains similar to what fuelled the previous rally in the meme stocks. “We can expect more crowd-powered runs at stocks that are heavily shorted,” Eric Shiffer, CEO of private equity firm The Patriarch, told Financial Express Online. “Study the heavily shorted funds and keep an eye on AMC and GameStop because they still will capture attention and the potential for short-term investor riches and danger,” Eric Shiffer added.

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    12:40 (IST)19 Mar 2021
    Fiscal status check: Deficit may soar to 9.5% this FY, hits two-thirds of revised full-year forecast

    India's fiscal deficit stood at 66.8 per cent of the revised Budget estimates for the current fiscal, as of end of January 2021, according to the data by Controller General of Accounts (CGA). In absolute terms, the difference between government's revenue and expenditure stood at Rs 12.34 lakh crore. To factor in the impact of COVID-19 pandemic, the government more than doubled the entire year's target to Rs 18.48 lakh crore, or 9.5 per cent of estimated GDP, from Rs 7.96 lakh crore earlier. In the corresponding period of the previous year, India's fiscal deficit stood at 128.5 per cent of Budget estimates.

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    12:26 (IST)19 Mar 2021
    Nifty pullback can not be ruled out

    "A pullback can certainly be expected. The MAR25 option figures show 14,500 continuing to hold maximum CALL OI; NIFTY is not expected to settle below this point unless some grave and serious negative developments that may happen. Also, with the NIFTY PCR across all expiries near to 0.80, a sharp technical pullback cannot be ruled out even if it turns out to be short-lived," said Milan Vaishnav, CMT, MSTA, Consulting Technical Analyst and founder of Gemstone Equity Research & Advisory Services.

    11:59 (IST)19 Mar 2021
    Nifty's immediate resistance is at 15,000

    Markets continue to witness selling pressure over the last week, with the benchmark indices down by over 5%. Negative global cues, fears of a revival in COVID cases, along with investors looking at profit booking at current levels, seems to have impacted the markets. However, the overall long-term uptrend remains intact, and technical Nifty has strong support around 14200-14300 zone, whereas immediate resistance is seen around the 15,000 psychological mark. Trading with caution is advised as volatility is expected in coming weeks as well.: Aamar Deo Singh, Head, Advisory at Angel Broking

    11:57 (IST)19 Mar 2021
    Bank Nifty continues to remain in uptrend in medium and long term

    On the daily chart the Nifty Bank index has formed a Bearish candle with a lower shadow indicating buying at lower levels. The index continues to move in a Lower Top and Lower Bottom formation on the hourly chart indicating negative bias. It has halted at the lower end of the declining price channel indicating signs of short term bounce back into the index. The chart pattern suggests that if Banknifty crosses and sustains above 34000 level it would witness buying which would lead the index towards 34400-35000 levels. However if index breaks below 33500 level it would witness selling which would take the index towards 33300-33000. Banknifty is trading below 20 day SMA indicating negative bias in the short to medium term. Banknifty continues to remain in an uptrend in the medium and long term, so buying on dips continues to be our preferred strategy.: Rajesh Palviya, Head –Technical & Derivatives Research, Axis Securities Ltd

    11:54 (IST)19 Mar 2021
    If Nifty Bank index moves past 34,270, it may touch 35,000

    Bank Nifty in the previous session, the NIFTY bank had slipped below the 50-DMA mark that stands at 34270. It has seen a considerable recovery from today's low; however, any pullback will find resistance at 50-DMA level of 34270. It would be crucial to see if the NIFTY bank is able to move past this level. If it does, then it may extend the technical pullback up to 35000 levels.: Milan Vaishnav, CMT, MSTA, Consulting Technical Analyst and founder of Gemstone Equity Research & Advisory Services

    11:51 (IST)19 Mar 2021
    Anupam Rasayan IPO: Check share allotment via BSE, KFin Tech website; grey market premium, listing date

    Anupam Rasayan India is likely to finalise the basis of allotment of the IPO on Friday, March 19, 2021. The Rs 760-crore initial public offering was subscribed 44 times. The issue was sold in the price band of Rs Rs 553-555 per share. According to the Anupam Rasayan India’s prospectus, initiation of refunds or unblocking of funds from ASBA accounts will take place on March 22, and the credit of equity shares to the depository accounts of allottees will happen on March 23.

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    11:16 (IST)19 Mar 2021
    Bank Nifty support seen at 32,500-33,000

    I believe broader markets are in the consolidation phase within the medium-term uptrend. For Bank Nifty, 32500-33000 is a critical support zone and a reversal attempt is highly probable. This is in-line with the Nifty50 support placed at 14300. On the higher side resistance is seen at 36000/38000 for Bank-Nifty.: Sahaj Agrawal, Head of Research- Derivatives at Kotak Securities

    10:54 (IST)19 Mar 2021
    If Nifty holds above today's low, it may witness minor bounce going forward

    Indian markets started the session on a sour note, with Nifty extending its losses for a sixth straight session and falling to a near 7-week low, weighted by negative global cues. However, there has been a minor pullback in the markets in the last few minutes. Technically, Nifty has today bounced from a confluence of support levels. Firstly, the decline from the recent high of 15336 to today's low is nearly equal in magnitude to the decline from 15431 to 14467. Secondly, the index has bounced after filling the gap that was formed post the Budget day i.e. between 1st Feb and 2nd Feb. Thirdly, the index has bounced off the trend line connecting the lows of 24th September and 30th October 2020. All this suggests that if Nifty holds above today's low, we may see a minor bounce in the index going forward. On the upside, resistances lie at 14600 followed by 14740.: Abhishek Chinchalkar, CMT Charterholder and Head of Education, FYERS

    10:53 (IST)19 Mar 2021
    Investors become poorer by Rs 11.85 lakh crore in last six days as bears assert control on Dalal Street

    With bears taking control of Dalal Street, investors have been left poorer by Rs 11.85 lakh crore in the last six trading sessions. The market capitalization of all BSE listed companies stood at Rs 209.26 on March 10, since then the benchmark index has been in a free-fall and hence the market capitalization has plummeted to Rs 197.40 lakh crore on Friday morning. Global markets have been in a tizzy over the last few days with bond yields rising to their highest since the pandemic began.

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    10:41 (IST)19 Mar 2021
    Nifty Bank index support lies at 32,800

    The market has shown worries over surging COVID-19 cases and bond yields globally. Due to this, we may see a profit booking in the market. Nifty Bank index has a major support level of 32800. On the higher side, 34800 will work as resistance.: Vishal Wagh, Head of Research, Bonanza Portfolio Ltd

    10:35 (IST)19 Mar 2021
    Bank Nifty to remain on downside if 34,500-34,800 is not surpassed

    Bank Nifty has precisely filled the gap area created post the budget day. Currently index looks weak but since stocks were a bit oversold, we are seeing some recovery today. As long as 34,500-34,800 is not surpassed, the short term trend in Bank Nifty remains on the downside.: Sameet Chavan, Chief Tech analyst, Angel Broking

    10:04 (IST)19 Mar 2021
    If Nifty slips below 14,400, it may tumble to 14,000

    The breaking of 14700 has proved fatal. As expected, the Nifty has dropped to 14400 levels which is a good support. What needs to be seen is if we respect this level and bounce back. If we crack these levels, we should drop to 14000. On the upside, the resistance level is at 15100 and until we do not get past that, the markets will remain bearish and any up move is an opportunity to go short.: Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments

    10:02 (IST)19 Mar 2021
    Gold prices down 20% from record highs on firm bond yields; here’s how rising yields impact yellow metal

    Gold prices were trading weak in the domestic market on Friday as international spot prices fell, pressured by a surge in US Treasury yields and a rebound in the dollar. On MCX, gold April futures were trading Rs 41 or 0.09 per cent down at Rs 44,910 per 10 grams as against the previous close of Rs 44,951. Silver May futures were ruling at Rs 67,148 per kg, down Rs 599 or 0.88 per cent, as compared to a previous close of Rs 67,747 on the Multi Commodity Exchange. 

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    09:57 (IST)19 Mar 2021
    Easy Trip Planners listing marred by bears; shares begin trading at just 10% premium over IPO price

    Easy Trip Planners shares made a lukewarm listing on the stock exchanges, gaining only 10% over the IPO price as benchmark indices tumbled. The debutant stock began trading at Rs 206 per share, up Rs 19 from the upper band of the IPO price of Rs 187 per share. Domestic benchmark indices were trading with losses on Friday morning, extending their downfall as bond yields continue to climb higher. Sensex and Nifty are down more than 6% from their all-time highs that were achieved earlier in February.

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    09:39 (IST)19 Mar 2021
    Investor wealth plummets

    Investors have been left poorer by Rs 11.85 lakh crore in the last six trading sessions. The market capitalization of all BSE listed firms is down to Rs 197.4 lakh crore today morning, down from Rs 209.2 lakh crore on March 10. 

    09:36 (IST)19 Mar 2021
    Rise in COVID cases, US bond yields, selling by DIIs drag Indian share market

    Market dynamics have become highly complex with an uncertain cocktail of positive and negative factors. The smart rebound in economic activity, sharp decline in crude by 7% overnight, reaffirmation of accommodative monetary stance by the Fed & resumption of FII buying are clear positives. But the second wave of Covid, particularly in the economically crucial state of Maharashtra,  the rise in US bond yield above 1.7% and sustained DII selling are negatives. The market direction in the short-term will be decided by either the positive or negative factors gaining traction, going forward. Investors will have to wait & watch.: V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

    09:34 (IST)19 Mar 2021
    Nifty Bank index falls below 33,500, level last seen shortly after Budget day

    Nifty Bank index fell below 33,500 in today's session, the level last seen February 2, 2021. Nifty Bank index was trading at 33,442.70, down 1.22 per cent.

    09:27 (IST)19 Mar 2021
    Nifty Bank index down 0.75%

    All Nifty sectoral indices were trading in the deep sea of red. Nifty Auto and Nifty Realty indices fell over 2 per cent. While Nifty Bank index was down 0.75 per cent.

    09:25 (IST)19 Mar 2021
    Bharti Airtel share price jumps 1%; top Sensex gainer

    Bharti Airtel, ITC, Kotak Mahindra Bank, HCL Tech and UltraTech Cement were the index gainers, which rose up to 1 per cent.

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