Share Market News Today | Sensex, Nifty, Share Prices Highlights: Benchmark indices snapped their three-day losing run and settled 0.8 per cent higher as investors heaved a sigh of relief after the Reserve Bank of India decided to keep the benchmark lending rates unchanged and maintain ‘accommodative’ stance despite liquidity unwinding by global central banks. The S&P BSE Sensex ended at 59,447, up 412 points, while the NSE Nifty50 settled at 17,784 in a broad-based rally. In broader markets, the BSE MidCap and SmallCap indices rose in tandem with the frontline indices and closed 0.9 per cent higher each. All the sectoral indices ended in the green with FMCG, metal, power, oil & gas indices up 1-2 per cent.

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Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market News Highlights

15:40 (IST) 8 Apr 2022
Sensex, Nifty snap 3-day losing streak

Benchmark indices snapped three day losing streak and ended higher with Nifty above 17,700 after RBI's monetary policy committee has kept the key rates unchanged. At close, the Sensex was up 412.23 points or 0.70% at 59,447.18, and the Nifty was up 144.80 points or 0.82% at 17,784.30. Grasim Industries, ITC, SBI Life Insurance, JSW Steel and M&M were among the top Nifty gainers. However, Cipla, NTPC, Tech Mahindra, Maruti Suzuki and Sun Pharma were the top gainers.

15:06 (IST) 8 Apr 2022
ITC share jump 4%, hit 52-week high

ITC share price climbed 4% to hit a fresh 52-week high of Rs 265.90 on the BSE in intra-day trade, on expectation of healthy earnings. The shares surpassed their previous high of Rs 265.30, touched on October 18, 2021

15:05 (IST) 8 Apr 2022
Vodafone Idea up 4%

Vodafone Idea shares jumped 4% after the telecom company got bank guarantee worth Rs 15,000 from the Department of Telecommunications. DoT has filed an affidavit in the Supreme Court (SC) confirming that it has returned the bank guarantees (BGs) to Vodafone Idea (Vi) and Bharti Airtel. DoT had to return approximately Rs 15,000 crore to Vi and Rs 7,000-Rs 8,000 crores to Airtel in BGs.

14:32 (IST) 8 Apr 2022
For Nifty to show a sustainable up move, moving past 18000 will be crucial

After remaining highly volatile and swinging between green and red post RBI policy meet outcome, both Sensex and Nifty jumped to new intraday highs suddenly. "Nifty has now reached a strong resistance zone of 17800-18000. The spurt was due to the Nifty getting oversold on the continuous charts. The rise has been on the back of short covering and for the Nifty show a sustainable up move, moving past 18000 will be crucial. Until this happens, the index will remain prone to profit taking bouts again," said Milan Vaishnav, CMT, MSTA, Consulting Technical Analyst and founder, Gemstone Equity Research & Advisory Services

14:21 (IST) 8 Apr 2022
Infosys, TCS, Wipro Q4 results preview: Wage hikes may impact IT firms’ margins; check top stock picks

Indian IT firms including TCS, Infosys, Wipro and others are expected to take a hit on margins in the upcoming quarterly results cycle, mainly owing to higher employee costs, analysts said. “Continued supply-side challenges around high attrition, higher-than-usual hikes for offshore employees and some resumption of discretionary spends like travel would weigh on margins in 4QFY22F,” said global brokerage firm Nomura in a report. Domestic brokerage ICICI Direct also shared similar views in its quarterly forecast for IT sector stocks. However, analysts remain confident in the demand front for IT sector firms. The Nifty IT index is down 9.1% so far this year, underperforming the benchmark Nifty 50.

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14:10 (IST) 8 Apr 2022
All sectoral indices in green

Benchmark indices continued to trade near the day's highs with Nifty above 17,775. All sectoral indices are in green. While 287 stocks were in upper circuit, 96 stocks hit their lower limits.

14:03 (IST) 8 Apr 2022
Sensex, Nifty firmly in green

Benchmark indices were holding modest gains after RBI Governor said that the central bank has now prioritised inflation over growth. The BSE Sensex rose 500 points to 59,544 and the NSE Nifty 50 was up 170 points near 17,810.

13:34 (IST) 8 Apr 2022
Bharat Dynamics zooms 19%

Bharat Dynamics (BDL) shares rallied 19 per cent to hit a new high of Rs 737.35 on the BSE. The stock has zoomed 29 per cent in past two trading days amid back of heavy volumes. The stock of state-owned aerospace and defence company was up 18 per cent at Rs 734, as compared to 0.44 per cent rise in the S&P BSE Sensex.

13:27 (IST) 8 Apr 2022
Expect demand side buoyancy to remain

“We welcome RBI maintaining its status quote on the repo rate. This is an assertive move despite domestic inflationary pressures and an uncertain global geopolitical environment. With an objective to manage liquidity, RBI has kept the reverse repo rate unchanged by 3.35%. Real Estate being one of the rate sensitive sectors, welcomes the status quo. We expect demand side buoyancy to remain on the back of continuing lower housing loan rate," said Dhaval Ajmera, Director, Ajmera Realty & Infra India Ltd on RBI MPC policy.

13:24 (IST) 8 Apr 2022
Stocks to buy: Glenmark Pharma, NTPC shares may rally as much as 17% in next three months

Filtering stocks from the futures & options universe based on their three-factor model, analysts at ICICI Direct see potential upside in Glenmark Pharmaceuticals and state-run NTPC stocks. The domestic brokerage and research firm has picked the two stocks based on their delivery pick up in the last two weeks, historic volatility, and Frequency distribution pattern. Domestic markets, after having soared sharply earlier in the week, have been in a downward trend for the previous few sessions. On Friday, however, BSE Sensex and NSE Nifty 50 were trading with gains after RBI’s MPC kept rates unchanged.

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13:22 (IST) 8 Apr 2022
BSE FMCG index up 1%

BSE Fast Moving Consumer Goods index rose 1 per cent supported by the Ruchi Soya, Godrej Consumer Products, AVT Natural Products.

13:14 (IST) 8 Apr 2022
Yes Bank surges sharply, strong support at Rs 13

"YES Bank is surging sharply for the last few days as there are rumors of its acquisition by any big player. We are seeing multiple mergers and acquisitions in the BFSI industry, therefore, such kind of buzz for Yes bank can't be ruled out. Actually, the banking sector is looking in a very good stage for multiyear growth after a long period of pain where we can expect a decent performance by small banks like Yes Bank in future or we can say that worst is behind us of this company, therefore, some investors are looking it as a bargain buying. Technically, it has broken out a key hurdle of 15 that may lead to further bullish momentum in this counter towards 17/20 levels. On the downside, 15 should act as an immediate and strong support level while 13 will be a key support level."

~Santosh Meena, Head of Research, Swastika Investmart

13:10 (IST) 8 Apr 2022
Sensex, Nifty near day's high

Benchmark indices were trading near the day's high levels with Nifty above 17700 helped by FMCG, metal, power, oil & gas stocks. The Sensex was up 157.75 points or 0.27% at 59192.70, and the Nifty was up 67.10 points or 0.38% at 17706.60. 

12:40 (IST) 8 Apr 2022
Adani Green surges 9% to hit new high

Shares of Adani Green Energy hit a new all-time high at Rs 2,350, on rallying 9 per cent on the BSE in an otherwise subdued market ahead of the board meeting today for considering fund raising proposal.

12:37 (IST) 8 Apr 2022
F&O expiry on Wednesday; BSE, NSE holidays on 14-15 April

The new F&O expiry week that opened today, is a holiday-shortened week, as markets would remain closed on 14 April on account of Ambedkar Jayanti and Mahavir Jayanti. Hence, weekly futures and options will expire on Wednesday, 13th April 2022, instead of Thursday. Weekly futures and options contracts expire every week on Thursday, as a fixed standard expiry day for the stock markets. However, if any Thursday is a trading holiday, where the stock market remains closed, then the previous day or the Wednesday is considered the expiry day. Stock markets usually witness high volatility as the expiry day marks the closure of F&O contracts.

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12:36 (IST) 8 Apr 2022
How to trade Nifty, Bank Nifty

NSE Nifty 50 may trade within 17250-18000 range in this week’s futures and options contracts expiry, on the back of mixed global sentiment and other domestic events, such as Q4 earnings, macroeconomic data release (CPI and IIP numbers), Ajit Mishra, VP – Research, Religare Broking, said. In the previous weekly expiry, Nifty was unable to sustain above the 18000 mark, and settled at 17,639, reversing the gains made in Monday’s session. As suggested by the weekly options data, Bank Nifty may stay in a broad range of 36000-38000 levels this week.

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12:35 (IST) 8 Apr 2022
Stocks at 52-week high, low on BSE

A total of 124 stocks hit 52-week high on the Bombay Stock Exchange till 12:00 pm. Meanwhile, five scrips touched 52-week lows on BSE. Adani Green Energy, Angel One, Avantel, Balrampur Chini Mills, Bharat Agri Fert and Realty, Bharat Dynamics, Easy Trip Planners, Gensol Engineering, Gujarat Craft Industries, Hilton Metal Forging, Indian Hotels Company, Indian Link Chain Manufacturers, KM Sugar Mills, Motherson Sumi Wiring India, Palco Metals, Raymond, Sheetal Cool Products, SEL Manufacturing, Polyplex Corporation, Siyaram Silk Mills, Swastika Investmart, Zee India were among the 124 stocks that hit 52-week high on BSE.

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12:04 (IST) 8 Apr 2022
Adani Transmission to raise Rs 3,850 cr via preferential issue; shares up 3%

The board of Adani Transmission approved issuance of 15,682,600 equity shares of face value of Rs 10 each of the Company to IHC Capital Holding LLC incorporated under the laws of Abu Dhabi, UAE or to a subsidiary or an affiliated special purpose vehicle of IHC Capital Holding LLC on a preferential basis. The shares will be issued at a price of Rs 2,454.95 per Equity Share aggregating to Rs 3,850 crore, subject to the approval of regulatory/ statutory authorities.

11:33 (IST) 8 Apr 2022
Rate sensitive shares trade mixed after RBI keeps repo rate unchanged at 4%

Shares of rate sensitive sectors such as financials including banks, non-banking finance companies (NBFCs), housing finance companies (HFCs) and micro-finance institutions (MFIs), real estate and automobiles traded on a mixed note after the six-member Monetary Policy Committee (MPC) kept the repo rate unchanged at 4 per cent.

11:26 (IST) 8 Apr 2022
Demand boost with low interest rates

“Despite the disruptions from geo-political challenges as well as inflationary pressures, the RBI recognises the need to maintain economic growth momentum. We welcome the RBI’s continued accommodative stance and status quo on REPO rate. For the real estate sector, low interest rates for a long period of time has served as a key catalyst for the resurgence of demand. The status quo on REPO rates will help maintain the current demand levels as interest rate for both homebuyers and developers are likely to be maintained by financial institutions," said Shishir Baijal, Chairman & Managing Director at Knight Frank India.

11:07 (IST) 8 Apr 2022
RBI ready to trim liquidity

"The RBI will engage in a gradual and calibrated withdrawal of this liquidity over a multi-year time frame in a non-disruptive manner beginning this year," RBI Governor Shaktikanta Das said. The liquidity measures undertaken in the wake of the pandemic, combined with the liquidity injected through various other operations of the RBI have left a liquidity overhang of the order of Rs 8.5 lakh crore in the system.

10:59 (IST) 8 Apr 2022
GDP projections cut

"Retaining the Repo rate at 4 percent & Reverse repo to 3.35 percent, continuing with the accommodative stance on expected lines. Recognising the new reality of higher crude triggered by the war the RBI, as expected, reduced the FY23 GDP growth rate projection to 7.2 percent from 7.8 percent earlier and raised the CPI inflation projection for Fy 23 to 5.7 percent from 4.5 percent earlier. This is based on the assumption of crude at $100. This implies that growth and inflation can be better if crude declines sharply if the war hopefully ends early. The reverse can be true if the war aggravates and crude spikes much above $100." said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

10:58 (IST) 8 Apr 2022
Bank Nifty in green

Bank Nifty was trading flat with a positive bias on Friday morning after RBI's Monetary Policy Committee decided to keep repo rates unchanged.

10:44 (IST) 8 Apr 2022
Sensex in red

Benchmark indices are trading flat. Sensex was sitting in red, 18 out of 30 index constituents moved higher.

10:42 (IST) 8 Apr 2022
Government 10-year bond yield hit 7%

The government 10 year bond yield hit 7%, first time since June 2019, after the Reserve Bank of India raised its annual inflation forecast. The bond yield hit a high of 7.007% -- a level last seen on 13 June 2019 -- up 9 basis points from its previous close of 6.913%. Bond yields and prices move in opposite directions. RBI has increased its annual inflation forecast to 5.7% from 4.5% earlier. The central bank also reduced interest rate corridor to 50 basis points.

10:33 (IST) 8 Apr 2022
RBI restores opening of money market to 9 am from 18 April

Reserve Bank of India is going to restore opening of money market to 9 am from April 18. "From 18th April, bond, FX money market trade to start from 9 am again," said Shaktikanta Das, RBI Governor.

10:32 (IST) 8 Apr 2022
Sensex, Nifty in red

After RBI announced decision to keep benchmark lending rates unchanged, markets turned choppy. After rising around 50 points initially, both BSE Sensex and NSE Nifty 50 slipped in negative territory. Broader markets outperforming benchmarks, and India Vix cooled off.

10:27 (IST) 8 Apr 2022
Rupee rises 21 paise

Rupee surged 21 paise to 75.82 against the US dollar amid RBI maintaining status quo on benchmark lending rate.

10:24 (IST) 8 Apr 2022
Markets to remain volatile

RBI Policy: Inflation forecast revised to 5.7% for FY23 from 4.5% Financial markets are expected to remain volatile due to war, rate tightening by developed countries. RBI will use all tools to enhance resilience of our economy, said RBI governor Shaktikanta Das.

10:14 (IST) 8 Apr 2022
Nifty Bank in green

Nifty Bank turned positive after the Reserve Bank announced its decision to keep repo rate unchanged at 4%.