Share Market News Today | Sensex, Nifty, Share Prices LIVE: Bulls overcame bears on Monday morning as Dalal Street snapped its losing streak and closed with gains. S&P BSE Sensex added 231 points or 0.40% to close at 57,5923 while the NSE Nifty 50 index gained 69 points or 0.40% to settle at 17,222. Broader markets ended mixed with smallcap and midcap indices in the red. India VIX was in the red. While Bharti Airtel was the top index gainer on Sensex, Nestle India was the top laggard
Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market News Live Updates
Sensex added 231 points to close at 57,593 on Monday, snapping its losing streak. NSE Nifty 50 was up 69 points at 17,222.
India VIX, the volatility gauge, was down 3.3% on Monday afternoon just ahead of the closing bell. The index was still above 22 levels.
Ideally, the brokerage industry should move to T-Day settlement rather than T+1 or T+2. With the advancement in technology and new-age digital platforms, it is possible to achieve this milestone. Retail investors looking to carry forward their margin positions for a longer duration already have the multilateral trading facility (MTF) option. Hence, why wait for T+2 or T+1 for funds settlement as brokerage houses can execute it seamlessly on the same day. Anshul Arzare, Chief Business Officer – Wealth Broking, YES SECURITIES
As per a report by Emkay Wealth Management titled ‘Navigator’, the gold prices have been rallying but may fall if the Russia-Ukraine war situation normalises. Except for the UK, the interest rates in the rest of Europe has not been hiked so far, and it is felt that it may be delayed. The aggressive stance by the US Fed is likely to cause some problem as US Dollar yields rise and the currency strengthens. The prices of commodities quoted in US Dollars is likely to gradually ease. This trend could accelerate with the war clouds subsiding in Eastern Europe if negotiations meet with some success
Robust Q3FY22 earnings & a positive outlook on FY23 margins along with strong fundamentals have led to an unprecedented rally in Tata Elxsi despite promoter group offloading some shares last week. Technically, Tata Elxsi looks overbought & investors are advised to book profits at current levels and wait for a dip near 7900 to re-enter this stock for better returns. AR Ramachandran, Co-founder & Trainer, Tips2Trades
Domestic benchmark indices were trading in the green on Monday afternoon, after having started the week’s first trade in the red. S&P BSE Sensex was up more than 100 points hovering above 57,450 while the NSE Nifty 50 was just shy of below 17,200. Bank Nifty index was, up nearly 0.50%. Amid this, a total of 130 stocks listed on the BSE hit their respective 52-week highs while 69 stocks hit their 52-week low values. On the NSE, 50 stocks were at their highs and 59 at their lows, taking the total to 109 stocks.
The merger between Inox and PVR is a win-win situation for both companies however this merger needs to get final approval from CCI because it will be like a monopoly situation in multiplex industries. PVR is a bigger player and it has diversified geographies that will help Inox to grow further. PVR has a debt issue while Inox leisure is a cash-rich company therefore the combined entity will have a better balance sheet. Stock prices of both companies have already rallied therefore there is a risk of profit booking on news but the long term outlook is bullish. Santosh Meena, Head of Research, Swastika Investmart
Emami share price fell to a fresh 52-week low of Rs 442 apiece on BSE on Monday, after the company announced the acquisition of Dermicool from Reckitt for Rs 432 crore. “Weak global sentiment, margin pressure on FMCG sector due to higher oil prices have led to Emami stock price at a 1-year low despite a good acquisition,” Pavitraa Shetty, Co-founder & Trainer, Tips2Trades, told FinancialExpress.com.
Joyalukkas India has filed a draft red herring prospectus (DRHP) with capital markets regulator SEBI to launch Rs 2,300-crore IPO. The net proceeds of the issue will be utilised for repayment or prepayment, in full or part, of certain borrowings availed by the company of worth Rs 1,400 crore. Kerala-based jewellery retail chain will use Rs 463.9 crore for financing the opening of eight new showrooms. Upon successful listing the bourses, Joyalukkas India will join the likes of Titan Company, and Kalyan Jewellers India. Read full story
Bharti Airtel (Airtel) hosted an analyst meet underscoring three key things a) multiple growth engines, b) premiumization and digital shift, moving away from a dumb pipe and c) its network capabilities and 5G preparedness – biting the bullet. Motilal Oswal Financial Services
NASDAQ-listed online travel service provider Yatra Online is now moving closer to a domestic IPO (initial public offering). The Indian unit of Yatra Online filed its draft red herring prospectus (DRHP) with the capital markets regulator SEBI last week. The DRHP shows that the company is planning to issue fresh equity shares along with an Offer For Sale (OFS) by existing shareholders of the company, including the promoter -- THCL Travel Holding Cyprus. Yatra is a Gurugram based online travel agency and travel search engine that was founded in 2006. The company was listed on the NASDAQ in December 2016.
Technically, on the domestic front, USD/INR March has formed “Double top” candlestick chart pattern which suggest a bearish outlook. Neckline of this pattern is resting at 76.20 mark, closing below this level on Daily charts may result in continued bearish momentum and we may witness prices testing support in 75.83-75.80 zone which is the next immediate zone. While on the upside 76.50-76.55 zone may be seen acting as a relevant resistance area. Kshitij Purohit, Lead International & Commodities at CapitalVia Global Research
We were looking for a close above 17260 on Friday to see if the bulls will force us to have a rethink on the anticipated down move towards 16700. Our learning from the tug of war of Friday and how oscillators have ended up is that the Nifty may have to bide more time to get directional. The 200 day SMA has also pushed up to 17000, standing in the way of a free fall. Expect the day to be welcome by a 17150-270 band with an upward bias, but with limited upsides. Directional moves could set in once the 17000-17350 band is breached, at which point, 16700 or 17760 would emerge as the objectives.
~ Anand James - Chief Market Strategist at Geojit Financial Services
After the announcement of merger between PVR and Inox, the stock price of PVR soared to hit a fresh 52-week high. Shares of the multiplex company jumped 10% to hit the upper circuit and trade at Rs 2,010 per share.
Commodity prices traded mixed with most of the commodities in the non-agro segment ended higher for the week. Crude oil prices rallied more than 8% on lower supplies while base metals traded mixed on firm demand and China virus worries. Bullion prices continued to soar on geopolitical risk and inflation worries capping gains on stronger dollar and rise in bond yields.
Gold as a safe haven are attractive due to soaring inflation and uncertainty in the Russian-Ukraine war. As long as the two factors continue to dominate markets for sentiment - a scenario for a further uptrend in gold price remain intact. It is a good opportunity to go long on every dips.
Buy Zone Above - 52000 for the target of 52300
Sell Zone Below - 51600 for the target of 51400 Ravi Singh-Vice President and Head of Research, Share India Securities
Bank Nifty was down more than half a per cent on Monday
Stocks to HDFC Bank, Kotak Mahindra Bank, Housing Development Finance Company (HDFC), Dr Reddy's, Tata Consultancy Services were among top index laggards
Maruti Suzuki, UltraTech Cement, Titan Company, Bharti Airtel, Wipro, Sun Pharma, Reliance Industries were trading in the green
Joyalukkas India Ltd has filed draft papers with Securities Exchange Board of India (SEBI) to raise around Rs 2300 crore via initial public offerings.
BSE Sensex fell 34 points to 57,328, Nifty 50 started below 17150 on Monday
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Lucknow: Petrol and diesel prices were increased for the sixth time in seven days by oil marketing companies (OMC). Fuel rates have now increased by as much as Rs 4-4.10 per litre after OMC hiked prices for the first time last Tuesday. Petrol in the National Capital of Delhi currently retails at Rs 99.41 per litre, an increase of 30 paise from yesterday while diesel in the city is priced at Rs 90.77 up 35 paise from yesterday. In Mumbai, a litre of petrol and diesel cost Rs 114.19 and Rs 98.50, respectively. Pieces were hiked last week for the first time in 4 months. Public sector OMCs including Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) revise the fuel prices daily in line with benchmark international price and foreign exchange rates.
Yatra Online has filed its draft red herring prospectus (DRHP) with market regulator Sebi to raise funds via an initial public offering (IPO). The Offer is being made through the Book Building Process, wherein not less than 75% of the Offer shall be available for allocation to Qualified Institutional Buyers, not more than 15% of the Offer shall be available for allocation to Non-Institutional Bidders and not more than 10% of the Offer shall be available for allocation to Retail Individual Bidders.
BSE Sensex up 50 pts at 57416, Nifty was just 20 pts up at 17168 in the pre-opening session on Monday
We expect crude oil prices to remain volatile this week ahead of the OPEC meetings. Crude oil is having support at $107.00–104.80 and resistance is at $112.80–115.00. In INR terms Crude oil has support at Rs8,450-8,300; while resistance is at Rs 8,748–8,880. Rahul Kalantri, VP Commodities, Mehta Equities
On Friday, Crude oil showed very high volatility as prices cooled off in the early trading session after the U.S. President said for supplying additional gas to the European Countries but prices recovered again in the late evening session after attack on the Saudi Arabia oil facility. Yemen's Houthis said they launched attacks on Saudi energy facilities on Friday and the Saudi-led coalition said Aramco's fuel distribution station in Jeddah had been targeted by an attack, but that a fire in two tanks at the facility had been brought under control. Saudi Arabia also said in a statement that it will not be hold responsible for short supply of oil due to Houthi attacks. Global markets are already facing short supply due to Russia-Ukraine war and any supply disturbance from the Saudi could continue to support oil prices. Rahul Kalantri, VP Commodities, Mehta Equities
Stocks will continue to grapple with rising rates and high oil prices in the near term but there is a bright chance the market may have a positive tone in near term as Window Dressing could be the preferred theme at Dalal Street as financial year 2021-22 comes to an end on Thursday, 31st March 2022. Nifty bulls will aim for a stirring rally, hopefully the bounce is neat and takes the index towards its biggest hurdles at 17500-17807 zone. Also focus will be on Auto Sales numbers that will trickle in on Friday, 1st April 2022. Digging deeper, the BSE Auto index, so far in March 2022 has corrected around 4% which in fact is the biggest underperformer amongst sectorial indices in March. Higher oil prices are also weighing over demand. However, volatility will continue to be the hallmark in this week’s trading as well as Russia-Ukraine war continues to command investors’ attention. Investors will continue to monitor the latest news from the war in Ukraine. Prashanth Tapse, Vice President (Research), Mehta Equities
Nifty Put options OI distribution shows that 17000 has highest OI concentration followed by 17200 & 16900 which may act as support for current expiry. Nifty Call strike 17500 followed by 17200 witnessed significant OI concentration and may act as resistance for current expiry.
Last week Nifty saw a very narrow range where prices traded within the limited range band of 17000 – 17300 and formed a small consolidation hub near the range. Not much progress has been seen compared to its previous week’s close and we ended marginally lower with closing below 17200 levels. We have seen an almost 1700 points rally in just two weeks so we are expecting a cooling down in the volatility and prices may trade within the narrow range until and unless some positive news flow does not get triggered.
Equity benchmarks snapped their two-week winning streak dragged by banking and FMCG stocks. Both Sensex and Nifty fell nearly 1% each as investors evaluated economic risks from the US Federal Reserve monetary-policy tightening, Russia’s war in Ukraine, FIIs selling and rising oil price. FIIs were net sellers over Rs5000cr during the week while Brent Crude spiked over 20% to $120/bbl from the low of $98/bbl. Sensex slipped by 502 points (0.9%) to close at 57362 while Nifty shed 134 points to close at 17153 against the previous week's close.