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Sensex today: Market CLOSING BELL: Sensex gains for 3rd day, rallies 740 pts; Nifty ends near 17,500; IOB surges 14%, Zomato 10%

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High volatility prevailed in the global market, but peace talks between Russia and Ukraine gave hopes of de-escalation of the war, helping the domestic market to trade with confidence. The ease in crude oil & commodity prices supported the market as it will help corporates to reduce their margin pressure.

– Vinod Nair, Head of Research at Geojit Financial Services

India VIX eases over 3%

Advance-decline ratio favours buyers

Advance-decline ratio favours buyers

Metal and pharma only sectoral losers in trade today

Metal and pharma only sectoral losers in trade today

Sensex Heatmap: 21 of 30 stocks close higher

Sensex Heatmap: 21 of 30 stocks close higher

CLOSING BELL: Sensex gains for 3rd day, rallies 740 pts; Nifty ends near 17,500; IOB surges 14%, Zomato 10%

CLOSING BELL: Sensex gains for 3rd day, rallies 740 pts; Nifty ends near 17,500; IOB surges 14%, Zomato 10%

Can Nifty bounceback to 18,000 level?

We believe, the index has formed a strong base above 52 week’s EMA that has set the stage to retest the upper band of falling channel at the 18,100 mark. The entire correction after hitting life-time highs of 18604 in October 2021 occurred in a well defined falling channel.

During March 2022, benchmarks rebounded from the vicinity of lower band of this channel coinciding with 52 week’s EMA, signifying a pause in downward momentum. Meanwhile, post a sharp bounce from lower band of channel, the short-term support base for the market has shifted upwards to the 16800 mark.

Hence, we believe buying on decline strategy should continue to work in favour of market participants.

Source: ICICIDirect

Can Nifty bounceback to 18,000 level?

Colombo bourse halts trading twice as shares plunge over 7% amid economic woes

  • Sri Lankan shares fell more than 7% on Wednesday, prompting the Colombo Stock Exchange to halt trading twice, as worries over the economic crisis deepened and power cuts rippled across the country.

  • The CSE All-Share index declined for a third straight session, falling 6.8% to 8,900 points by 0713 GMT. The index has fallen 26% so far this year after a more than 80% surge in 2021.

  • Sri Lanka’s economy grew a slower-than-expected 1.8% in the fourth quarter of the 2021 financial year, taking its full-year growth to 3.7%, data from the statistics department showed on Tuesday.

BUZZING: ZOMATO SHARES HIT 10% UPPER CIRCUIT

BUZZING: ZOMATO SHARES HIT 10% UPPER CIRCUIT

Sterling and Wilson Solar on Wednesday said it has appointed Cherag Sarosh Balsara as an additional director and designated him as a non-executive and independent director of the company. His appointment is for a term of 5 years, commencing from March 29, 2022, to March 28, 2027, Sterling and Wilson Solar (SWSL) said in a regulatory filing.

Price as on 30 Mar, 2022 03:02 PM, Click on company names for their live prices.

GR Infra wins 5 new orders worth Rs 5700 cr

Price as on 30 Mar, 2022 02:57 PM, Click on company names for their live prices.

Caution! This stock surge is a bear market trap, warns BofA

The 11% surge in U.S. stocks in the past two weeks has the hallmarks of a bear-market rally that might give way to deeper losses.

That’s the conclusion of analysts at Bank of America, who say warning signs are flashing for a market that has climbed “despite clearly weaker fundamentals,” including a Federal Reserve bent on raising rates sharply this year to battle persistent inflation.

Caution! This stock surge is a bear market trap, warns BofA

IPO CHECK: Veranda Learning issue sails through

IPO CHECK: Veranda Learning issue sails through

Sun Pharmaceutical Industries on Wednesday said it has inked a licensing pact with H Lundbeck to market and distribute Vortioxetine in India under the brand name Vortidif.

Price as on 30 Mar, 2022 01:57 PM, Click on company names for their live prices.

CCI raids on tyre companies Ceat, Apollo, Continental: Sources

Price as on 30 Mar, 2022 01:56 PM, Click on company names for their live prices.

Sensex today live: Index extends rally, surges 700 points

Sensex today live: Index extends rally, surges 700 points

Emkay’s FY23 Nifty target suggests less than 10% upside from current levels

Nifty50 index may not repeat the blockbuster returns of the last two fiscals and will likely deliver an 8-9 per cent return from current levels, according to estimates by Emkay Global. Analysts have set the Nifty target for fiscal 2023-end at 19,000. The set target is barely a couple of per cent above the all-time high the index hit last year.

“Crude and commodity prices, policy tightening are major challenges for the market in the next 12 months. Moreover, the initial public offer of LIC may impact liquidity in the short term,” they said.

Hero MotoCorp refutes report of false expense claims; terms it speculative

  • Two-wheeler market leader Hero MotoCorp has denied the report of the IT Department finding Rs 1,000 crore false expense claims, saying it is speculative.

  • The company said officials from the Income Tax department visited its offices in the previous week, and it has provided all support and cooperation, necessary documents and data to the authorities and will continue to do so if required.

  • “The allegations made in the press report are not borne out of any documents that have been served on us or our internal documents. Therefore, we categorically deny the speculative press reports,” the company said in a regulatory filing on Tuesday.

Adani Wilmar vs Tata Consumer — what to buy?

I like this overall home consumption space. I prefer Tata Consumer more in the long run because the tea and beverage business continues to grow double digit in volume, their Sampann brand which is into foods is doing very well and then the Starbucks AVM, which is the out of home consumption. Some of the other players will recover as the economy reopens and the stock has taken a 15-20% correction. I prefer that in my space vis-à-vis some of the others right now.

— Gurmeet Chadha, Co-founder, Complete Circle Consultants

TCPL, Tata Coffee rally up to 10% after merger announcement

Price as on 30 Mar, 2022 12:41 PM, Click on company names for their live prices.

Bharat Heavy Electricals (BHEL) has bagged a prestigious order for a Compressor Package from Iraq.

Price as on 30 Mar, 2022 12:10 PM, Click on company names for their live prices.

Hariom Pipe IPO: Retail investor quota sails through within 2 hours

Hariom Pipe IPO: Retail investor quota sails through within 2 hours

Top 5 gainers from media & entertainment sector

Price as on 30 Mar, 2022 11:54 AM, Click on company names for their live prices.

Hariom Pipe IPO opens: Should you subscribe to the issue?

Majority of the analysts are positive on the issue and have recommended subscribing to it. However, a few of them have a word of caution for investors. Market participants are bullish on the company’s sound business profile and strong fundamentals but say that rich pricing and high competition makes it an aggressive bet for conservative investors. The company, which is likely to raise Rs 130.05 crore via its maiden stake sale, is selling 8,500,000 fresh equity shares in the price range of Rs 144-153 apiece.

BSE Smallcap index outperforms Sensex; here are top gainers & losers from pack

BSE Smallcap index outperforms Sensex; here are top gainers & losers from pack

NIFTY SURPASSES 17,500

NIFTY SURPASSES 17,500

Top 5 gainers on NSE at this hour

Price as on 30 Mar, 2022 11:03 AM, Click on company names for their live prices.

NIFTY NEARS 17,500

NIFTY NEARS 17,500

Top Sensex contributors

Top Sensex contributors

Sensex today live: Index extends gains, adds 500 points

Sensex today live: Index extends gains, adds 500 points

JUST IN: Axis Bank likely to announce acquisition of Citibank retail assets today, to hold press briefing at 4.15 pm today (ET NOW Sources)

Price as on 30 Mar, 2022 10:25 AM, Click on company names for their live prices.

These outperforming stocks can continue their winning streak

Equities are considered a risky asset class because of their sharp swings and lumpy returns. But there are some stocks that have been consistent performers amid the volatility. These include Bharti Airtel, Avenue Supermarts, Divi’s Laboratories, SRF, IRCTC, and Trent. These have given over 15% returns in each of the last three financial years.

These outperforming stocks can continue their winning streak

Rupee opens at 75.68 against US dollar vs Tuesday’s close of 75.98

Rupee opens at 75.68 against US dollar vs Tuesday’s close of 75.98

The commerce ministry is studying the work of its three undertakings – MMTC, STC and PEC, and it will take appropriate steps to protect the national interest, Commerce and Industry Minister Piyush Goyal has said.

Price as on 30 Mar, 2022 10:01 AM, Click on company names for their live prices.

Nifty is all set for a breakout above 17500. There is hope that the ongoing peace talks brokered by Turkey may lead to the end of the war. But these are early days. The breakout above 17500 Nifty is likely to be led by the financials. The prospects for financials – leading banks, leading housing finance companies, the Fintech leader and select NBFCs – appear bright for FY23 and their valuations are fair. Pharma, housing related segments and telecom majors can lend support to the rally. But the upside to the rally is likely to be capped by profit taking and concerns arising from the hawkish Fed

– V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

JUST IN: Bharat Electronics Limited (BEL) signed a contract for Instrumented Electronic Warfare Range (IEWR) for the Indian Air Force on Tuesday. The contract is a significant step towards enhancing the capabilities of IAF to prepare for future warfare. The overall cost of the contract is estimated to be Rs 1,109 Crore.

Price as on 30 Mar, 2022 09:37 AM, Click on company names for their live prices.

ONGC slumps 4% as government to sell 1.5% stake through OFS on Mar 30-31

Price as on 30 Mar, 2022 09:36 AM, Click on company names for their live prices.

Sector Watch: Metal only sectoral loser, falls over 1.5%

Sector Watch: Metal only sectoral loser, falls over 1.5%

Check out the most active stocks on NSE

Price as on 30 Mar, 2022 09:20 AM, Click on company names for their live prices.

Sensex Heatmap: Top gainers & losers at opening tick

Sensex Heatmap: Top gainers & losers at opening tick

OPENING BELL: Sensex gains 400 points, Nifty above 17,400; Ruchi Soya jumps 4%, ONGC drops 4%

Pre-open session: Sensex gains 380 points, Nifty above 17,450

SGX Nifty signals a positive start

Nifty futures on the Singapore Exchange traded 180 points, or 1.03 per cent, higher at 17,619.50, signaling that Dalal Street was headed for a positive start on Wednesday.

Tech View: Analysts worry over Nifty’s narrow range

Nifty50 on Tuesday rose for the second straight day, and in the process, formed a small bullish candle on the daily chart, following a gap-up start. The index stayed in the broader 17,000-17,500 range, a break of which can send directional cues going ahead. Analysts were concerned over the narrow trading range for the day. They do not see signs of the index breaking the 17,000-500 range anytime soon.Read more at:https://economictimes.indiatimes.com/markets/stocks/news/tech-view-nifty50-rangebound-traders-await-directional-cues/articleshow/90519576.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Hong Kong stocks open with gains

Hong Kong stocks began Wednesday on a positive note as investors cautiously welcomed progress in Ukraine peace talks after Russia pledged to de-escalate the war. The Hang Seng Index gained 0.79 percent, or 174.00 points, to 22,101.63. The Shanghai Composite Index added 0.43 percent, or 13.65 points, to 3,217.59, while the Shenzhen Composite Index on China’s second exchange rose 0.46 percent, or 9.57 points, to 2,094.05.

Japan’s Nikkei opens lower despite Ukraine hopes

Tokyo shares opened lower Wednesday, but the market remained buoyant as global shares rallied on news that peace talks over Ukraine are making progress. The benchmark Nikkei 225 index eased 0.16 percent, or 44.20 points, to 28,208.22, while the broader Topix index fell 0.57 percent, or 11.42 points, to 1,980.24.

Wall Street builds on gains as talks on Ukraine progress

US stocks notched more gains on Wall Street Tuesday as investors welcomed encouraging economic data and as talks on ending the war in Ukraine showed signs of progress. The S&P 500 rose 1.2%, its fourth straight gain. The Dow Jones Industrial Average ended 1% higher and the Nasdaq composite climbed 1.8%. The latest gains build on the major indexes’ gains the past two weeks, even in the midst of choppy trading and volatile energy prices.

Rupee soars 43 paise to 4-week high

The rupee spurted by 43 paise — its biggest single-day gain in 2022 — to close at a four-week high of 75.73 against the US currency on dollar selling by exporters amid hopes of a peace agreement between warring Russia and Ukraine and low crude oil prices. At the interbank forex market, the local unit opened higher at 75.97 later touched the day’s low of 76.15.

Sensex, Nifty on Tuesday

Benchmark stock indices Sensex and Nifty rallied for a second straight session on Tuesday after gains in index majors HDFC twins, Bharti Airtel and Infosys as global shares advanced ahead of peace talks between Ukraine and Russia. The 30-share BSE Sensex jumped 350.16 points or 0.61 per cent to settle at 57,943.65. During the day, the index rallied 408.04 points or 0.70 per cent to 58,001.53. The broader NSE Nifty gained 103.30 points or 0.60 per cent to settle at 17,325.30.

Good morning, dear reader! Here’s something to kickstart your trading day

Good morning, dear reader! Here's something to kickstart your trading day

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