Share Market Highlights: Sensex ends 740 points lower, Nifty ends at 14,324; Maruti, Bharti Airtel top drags

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Updated: March 25, 2021 4:24:18 pm

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic benchmark indices plunged for the second day running, ending in the firm grip of bears. India VIX ended at 22.75.

Share Market Today, Share Market LiveIndia VIX closed at 22.75 (Image: REUTERS)

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic equity markets ended deep in red for the second day straight on Thursday. S&P BSE Sensex closed 740 points lower at 48,440 points while the 50-stock NSE Nifty was at 14,324 — each falling 1.5% today. Only Dr Reddy’s, ICICI Bank, HDFC, and Larsen & Toubro ended in the green among Sensex constituents. Maruti Suzuki, Hindustan Unilever, and Bharti Airtel were the worst performing Sensex stocks. Broader markets fared worse than the benchmark indices during the day. India Vix jumped marginally to close at 22.75 levels.

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Highlights

    16:23 (IST)25 Mar 2021
    Sensex, Nifty end in red for second day running, how long with stock markets continue to tank?

    Equity markets traded in the negative territory for the second day straight. Although Sensex and Nifty attempted to pull back from the lows but could not move out of the red and closed 1.5% lower each. Only Dr Reddy's, ICICI Bank, HDFC, and Larsen & Toubro ended in the green among Sensex constituents. Maruti Suzuki, Hindustan Unilever, and Bharti Airtel were the worst performing Sensex stocks. Among sectoral indices, the Nifty Media index was down 3%, making it the worst Sensex performer. The Nifty Metal index ended flat with a positive bias.

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    16:23 (IST)25 Mar 2021
    Sensex, Nifty end in red for second day running, how long with stock markets continue to tank?

    Equity markets traded in the negative territory for the second day straight. Although Sensex and Nifty attempted to pull back from the lows but could not move out of the red and closed 1.5% lower each. Only Dr Reddy's, ICICI Bank, HDFC, and Larsen & Toubro ended in the green among Sensex constituents. Maruti Suzuki, Hindustan Unilever, and Bharti Airtel were the worst performing Sensex stocks. Among sectoral indices, the Nifty Media index was down 3%, making it the worst Sensex performer. The Nifty Metal index ended flat with a positive bias.

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    14:34 (IST)25 Mar 2021
    Shriram Transport declares second dividend of Rs 6 per share for FY21

    Shriram Transport Finance Company on Thursday said its board has declared a second interim dividend of Rs 6 per share for 2020-21. This is in addition to the first dividend of Rs 6 per share declared by the board on October 29, 2020 and paid to the eligible shareholders on November 26, Shriram Transport said in a regulatory filing.

    14:25 (IST)25 Mar 2021
    VC firm Sequoia Capital closes second seed fund at $195 million to back startups in India, Southeast Asia

    Venture capital firm Sequoia Capital India has closed its second seed fund at $195 million under its 16-week accelerator-cum-seed funding programme Surge. The new fund has been raised two years after Sequoia launched Surge and subsequently closed its first fund of $200 million to support pre-Series A founders from India and Southeast Asia. 

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    13:55 (IST)25 Mar 2021
    Rakesh Jhunjhunwala sees massive commodity bull run ahead; bullish on steel and PSU Banks

    Billionaire investor Rakesh Jhunjhunwala today said that he believes a massive commodity bull run is waiting ahead for domestic markets that could last for several years. Speaking at the India Economic Conclave along with Madhusudan Kela, the ace investors said that helped by the commodity cycle he is now bullish on steel stocks. “There is a buffet waiting for Indian markets,” Jhunjhunwala said. “We are going for a good commodity bull run now lasting 5-7 year,” he added. Rakesh Jhunjhunwala, often called the Big Bull of Dalal Street, has been known for his long-term multi-bagger bets in the stock market. Along with Jhunjhunwala his fellow market veteran, Madhusudan Kela said that it is time for investors to take bold calls on cyclicals in India.

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    13:42 (IST)25 Mar 2021
    Bouncing back rally?

    Sensex and Nifty seem to be recouping some losses. Sensex was now down 500 points sitting at 48,650 while Nifty 30 neared 14,400.

    12:59 (IST)25 Mar 2021
    Laxmi Organic Industries trading at high valuations

    "Given the strong growth prospects and reasonable valuations we had given a subscribe rating to the IPO (Laxmi Organic Industries). However, at current levels the stock is trading at a P/E multiple of 51.3xFY20 EPS which is on the higher side as compared to peers. Hence we would recommend book profits at current levels," said Jyoti Roy - DVP- Equity Strategist, Angel Broking.

    12:42 (IST)25 Mar 2021
    Nifty may fall to 14,000-14,100 soon

    We have been maintaining a cautious stance since a couple of weeks. However, market has not been correcting the way we expected. But at higher levels, we have seen decent distribution in individual stocks and looking at the last two day's price action 14100-14000 is very much on cards for Nifty. 13500 - 13700 - 13900 has become strong hurdles now.: Sameet Chavan, Chief Technical analyst, Angel Broking

    12:22 (IST)25 Mar 2021
    Larsen & Toubro shines

    Larsen & Toubro is up 0.63%, making it the only stock on the BSE Sensex index that was up in the green.

    12:21 (IST)25 Mar 2021
    India VIX nears 23

    India VIX, the fear gauge of domestic stock markets, is up and nearing 23 levels today. The volatility index has been surging ahead.

    12:14 (IST)25 Mar 2021
    Bank stocks dive

    There is a bloodbath in bank stocks on Dalal Street. Bank Nifty was below 32,500 while Nifty PSU Bank was down 5%.

    12:03 (IST)25 Mar 2021
    Sensex nose-dives further

    Sensex plunged over 700 points while Nifty neared 14,300 on Thursday as weakness in stock markets continued and bears asserted control.

    11:44 (IST)25 Mar 2021
    RBI will remain in the field

    Governor Shaktikanta Das has said that the central bank will remain in the field, while talking about bond yields. He added that RBI has done OMOs this fiscal and will continue to do so to maintain liquidity. 

    11:40 (IST)25 Mar 2021
    Kalyan Jewellers IPO listing day strategy: Grey market premium missing; sell on listing or hold shares?

    Kalyan Jewellers India IPO will be listed on stock exchanges on Friday, March 26, 2021. The Rs 1,175-crore public issue received a muted response and was subscribed 2.61 times. The issue was sold in the price band of Rs 86-87 per share. In the grey market today, Kalyan Jewellers India shares were trading with Rs 4 discount over the IPO price. The shares were seen ruling at Rs 83 apiece, down nearly 5 per cent from the issue price.

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    11:39 (IST)25 Mar 2021
    Orderly evolution of yield curve important

    RBI Governor Das said that it is important that there is an orderly evolution of the yield curve. He added that a disorderly rise in yields would act as an impediment for the growth of not only India but the world.

    11:34 (IST)25 Mar 2021
    Revival of economic activity should continue

    Shaktikanta Das said that he believes the revival of economic activity should continue unabated despite the rise in coronavirus cases.

    11:33 (IST)25 Mar 2021
    No severe lockdown is foreseen: Shaktikanta Das

    RBI Governor Shaktikanta Das today said that the revival of the pandemic is a matter of concern but added that he does not foresee another lockdown as last year. 

    11:27 (IST)25 Mar 2021
    Nifty Bank still below 33,000

    The Nifty Bank index was still below 33,000 mark but marginally up from its intra-day low of 32,738.

    11:21 (IST)25 Mar 2021
    UPI has changed dynamics of retail payment

    UPI has changed the dynamics of retail payments in the country, said Shaktikanta Das. The RBI Governor said that while countries were writing cheques amid the pandemic to process the stimulus, India processed 274 crore digital transactions to provide DBT to people. 

    11:11 (IST)25 Mar 2021
    Banks and NBFCs need to enhance skills to identify risks

    RBI Governor Shaktikanta Das today said that banks and NBFCs need to enhance their skill set to identify risks early. He added that it is important for banks to augment their internal stress testing frameworks.

    11:09 (IST)25 Mar 2021
    Capital buffers important at banks

    The pandemic underlines the importance of strong capital buffers at banks, Governor Das said. He added that the strong capital buffers proved crucial for banks across the globe.

    11:06 (IST)25 Mar 2021
    Central bank across the world protected banks well

    The measures taken by central bank across the world played a crucial role in preventing sell-offs and protecting balance sheets of banks, said RBI Governor Shaktikanta Das at the Indian Economic Conclave

    11:00 (IST)25 Mar 2021
    Dragging the index down

    On Sensex, Reliance Industries, HDFC, and Infosys were the major contributors towards Sensex more than 500 points fall on Thursday morning. 

    10:56 (IST)25 Mar 2021
    Broader markets fare worse than benchmarks

    Broader markets were performing worse than the benchmark indices on Thursday. Nifty Smallcap 50 was down 2% while the Midcap 50 index was down 1.87%. Nifty Junior was down 1.58% while the benchmark Nifty 50 slipped 1.1%.

    10:51 (IST)25 Mar 2021
    TVS Motor sees strong demand from West Asia, recovery in other key global markets

    Despite the pandemic showing no signs of ending, TVS Motor Company has reported that it has been witnessing an increase in export demands for West Asia with customers leaning towards premium products more and more.

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    10:43 (IST)25 Mar 2021
    Sensex gainers

    Only Larsen & Toubro and ONGC were trading with gains on Thursday morning among the 30 Sensex constituents. 

    10:32 (IST)25 Mar 2021
    Volatility is here to stay for some time

    "The uncertainty in the market continues with increasing risk arising from the second wave of Covid attack in India in the context of a third wave in parts of Europe. But the relief is that the second wave is less intense than the first. This and the fact that vaccination is accelerating is likely to support markets. In this race between Covid spread and vaccination, the latter will eventually succeed. The market knows that. So, volatility is here to stay for some time before stability emerges. A major trend in the market now is the comeback of pharma stocks in recent days and the weakness in banking stocks. Pharma may continue to find favour, but high quality banking stocks are unlikely to languish. Q4 results of IT, banking majors and top-rung  FMCG would be good. Market response will happen before the results are announced," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

    10:17 (IST)25 Mar 2021
    Craftsman Automation shares make weak stock market debut; list with 9% discount over IPO price

    Craftsman Automation shares made a weak listing on the stock exchanges today. Craftsman Automation stocks opened at Rs 1,350 per share, down Rs 140 apiece from the IPO price of Rs 1,490 per share. On listing, Craftsman Automation had a market capitalization of Rs 2,927 crore. The Rs 824-crore IPO of Craftsman Automation was subscribed nearly 4 times by investors

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    10:14 (IST)25 Mar 2021
    Nifty headed to 14,300

    "The break of 14750 yesterday has proved fatal. The market has been on a single slope fall and should be headed to 14300-14350. The resistance on the upside is around 14900 and hence any intraday up move can be used to short this market," said Manish Hathiramani, Proprietary Index Trader and Technical Analyst, Deen Dayal Investments.

    09:48 (IST)25 Mar 2021
    Gold prices trade flat, still below Rs 45,000; analysts say MCX gold may fall below Rs 44,000 per 10 gm

    Gold prices were flat in India on Thursday amid mixed global cues. Gold was trying to make some sort of comeback as precious metal was able to overcome market forces creating strong headwinds (rising US Dollar and bond yields) and closed at high yesterday after conclusion of two-day testimony of both Chairman of the Federal Reserve Jerome Powell and the secretary of the United States Treasury Department Janet Yellen.

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    09:27 (IST)25 Mar 2021
    Bank Nifty slips below 33,000

    Bank Nifty tanked again and this time slipped below 33,000, erasing all gains made since the Union Budget. 

    09:19 (IST)25 Mar 2021
    Opening Bell

    Sensex and Nifty began trading in the negative on Thursday. Sensex gave up 49,000 mark and fell over 200 points. Nifty was below 14,500.

    09:05 (IST)25 Mar 2021
    Petrol and diesel price today 25 March 2021: Fuel prices fall again in Mumbai, Delhi, other metro cities

    Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Prices of Petrol and Diesel fell for the second consecutive day on March 25. The price of petrol and diesel fell for the first time yesterday, across major cities, after having remained the same for three consecutive weeks. Nation Capital Delhi was quoting a petrol price of Rs 90.78 per litre while Diesel in the city was priced at Rs 81.10 per litre, down 21 paise and 20 paise, respectfully from yesterday. Fuel prices remain the highest in Mumbai at Rs 97.19 per litre for Petrol.  Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) revise the fuel prices on a daily basis in line with benchmark international price and foreign exchange rates.

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    09:02 (IST)25 Mar 2021
    Nifty, Sensex trade flat

    Nifty and Sensex were trading flat with a positive bias during the pre-open session on Thursday morning. 

    08:54 (IST)25 Mar 2021
    SGX Nifty up with gains

    Ahead of the pre-open session, SGX Nifty was trading 20 points higher. Nifty futures were down in the negative earlier in the day.

    08:24 (IST)25 Mar 2021
    Stocks in focus: Laxmi Organic, Craftsman, Jubilant FoodWorks, Rail Vikas Nigam, Canara Bank, GAIL

    Headline indices BSE Sensex and Nifty 50 were eyeing a negative opening yet again on Thursday, after investors lost Rs 3.27 lakh crore in the previous session. On the back of rising coronavirus cases in the country, Sensex plunged 871.13 points, while NSE Nifty closed at 14,549. Markets may witness volatility as March F&O contracts will expire on Thursday. Besides, market participants will closely watch the RBI Governor Shaktikanta Das address in the 7th edition of the India Economic Conclave late in the day.

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    08:18 (IST)25 Mar 2021
    Buy these two stocks for near term gains while Nifty reverses upside trend

    After showing an upside bounce in the last three sessions, Nifty reversed down sharply on Wednesday and closed the day with a hefty loss of around 265 points. After opening on a negative note, Nifty slipped into weakness in the early part of the session. It later shifted into a range move with an attempt of upside recovery. The sharp intraday weakness triggered in the later part and the Nifty closed near the lows.

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    08:01 (IST)25 Mar 2021
    Immediate support at 14,300 for Nifty

    “Markets are in consolidative phase after having achieved a medium term target of 15000. Immediate support is seen at 14300 below which short term selling pressure can increase. We believe the current consolidation can continue for an extended phase with range seen at 14000-15600. IT and FMCG stocks trade with positive bias while Metal and Banking remain under pressure," said Sahaj Agrawal, Head of Research- Derivatives at Kotak Securities.

    07:59 (IST)25 Mar 2021
    Craftsman Automation IPO listing day strategy: Vehicle scrappage policy may benefit; book profit or hold?

    The Rs 824-crore Craftsman Automation IPO will list on BSE and NSE on March 25, 2021. The issue was sold in the price range of Rs 1,488-1,490 per share between March 15-17, 2021. The initial public offering received a tepid response from investors with a 3.82 times subscription. In the grey market on Wednesday, shares of this auto component maker were trading at Rs 1,520 apiece, with a premium of Rs 30 or 2 per cent over the issue price, according to UnlistedArena.com, which tracks the grey market.

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    07:58 (IST)25 Mar 2021
    Laxmi Organic IPO listing day strategy: Grey market premium falls; wait for dips to buy more or book profit?

    Laxmi Organic Industries shares will make the stock market debut on Thursday, March 25, 2021. Earlier this week, a specialty chemicals manufacturer finalised the basis of share allotment. The Rs 660 crore IPO was subscribed 107 times and was sold in a price band of Rs 129-130 per share. The grey market premium has further fallen to Rs 50-52 on Wednesday, from Rs 65-70 on the previous day. The shares of speciality chemicals manufacturer were trading at Rs 182, up 21 per cent from the IPO price, according to data provided by UnlistedArena.com, which tracks the grey market.

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