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Nifty50 on Friday fell for the third straight day and closed below its 50-day moving average. The index formed a bearish candle on the daily chart, with a lower wick, reflecting the support that the NSE barometer took intraday near its 200-day moving average.

On the weekly scale also, the NSE benchmark formed a bearish candle. Analysts said the consolidation in the index may continue and that the 17,000-17,450 range may stay intact.

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Nifty stuck in a range, forms small bearish candle on weekly scale

Nifty50 on Friday fell for the third straight day and closed below its 50-day moving average. The index formed a bearish candle on the daily chart, with a lower wick, reflecting the support that the NSE barometer took intraday near its 200-day moving average. On the weekly scale also, the NSE benchmark formed a bearish candle. Analysts said the consolidation in the index may continue and that the 17,000-17,450 range may stay intact.

JUST IN: IndiaMART InterMESH announced an investment of approximately Rs 45.98 cr in Finlite Tech and acquire 51.09% stake in the company

Market breadth favours declines, advance-decline ratio at 1:2

Market breadth favours declines, advance-decline ratio at 1:2

“After the recent 10% rally, the market has turned sideways with a negative bias due to increase in commodity prices, tightening monetary policy and inflationary pressure. The domestic market is showing strong resilience but to sustain the trend a lot will depend on the outcome of the war & commodity prices. Ease in Covid restrictions in India is a boost for sectors like hospitality, multiplex, transportation etc, leading to the outperformance”

– Vinod Nair, Head of Research at Geojit Financial Services

JUST IN: Rupee rises 11 paise to end at 76.22 (provisional) against US dollar

Nifty Bank rises 200 pts from lows; top gainers from the pack

Price as on 25 Mar, 2022 03:47 PM, Click on company names for their live prices.

Top 5 losers from auto space

Price as on 25 Mar, 2022 03:45 PM, Click on company names for their live prices.

MARKETS THIS WEEK

Top Nifty50 performers & laggards of today’s session

Top Nifty50 performers & laggards of today's session

Heatmap: Only 8 of 30 Sensex stocks end in the green

Heatmap: Only 8 of 30 Sensex stocks end in the green

CLOSING BELL: Nifty ends below 17,200

CLOSING BELL: Nifty ends below 17,200

CLOSING BELL: Sensex slips for 3rd day, sheds 233 points

CLOSING BELL: Sensex slips for 3rd day, sheds 233 points

The Indian equity markets continue to be in a grind, influenced by and reacting to incremental news flow on the global front, especially related to the geopolitical situation and Fed rhetoric. The two key challenges and monitorables for the markets in the near term are the persistent inflationary pressures and the rising bond yields. A prolonged geopolitical situation and elevated prices will gradually start weighing on demand and profitability and can lead to a cut in growth and earnings estimates. Also, the recent rise in bond yields can have implications for flows and equity valuations. With the markets having pulled back sharply in the past couple of weeks, one can look at creating small liquidity, as the uncertainty and volatility are likely to continue for some more time with too many moving parts, providing intermittent opportunities”.

– Milind Muchhala, Executive Director, Julius Baer

Nifty IT under pressure; here are top losers from the pack

Price as on 25 Mar, 2022 03:18 PM, Click on company names for their live prices.

European shares slip as crisis in Ukraine deepens

  • European shares fell for a third straight session on Friday and was set to end the week lower, as the escalating Russia-Ukraine conflict kept investors cautious heading into the weekend.

  • Declines in financial and technology stocks countered gains in basic and defensive sectors, leaving the pan-European STOXX 600 index 0.2% lower.

  • On the week, STOXX 600 was set close about 0.4% lower, as lofty energy prices from sanctions on Russia fanned inflation fears and stoked worries about slowing economic growth.

These stocks defy market mood, surge up to 12%

Price as on 25 Mar, 2022 02:08 PM, Click on company names for their live prices.

Sensex extends fall, down over 450 points

Sensex extends fall, down over 450 points

Torrent Power on Friday announced the completion of the acquisition of 50 MW solar power plant from Lightsource bp and UKCI for an enterprise value of Rs 300 crore.

Price as on 25 Mar, 2022 01:37 PM, Click on company names for their live prices.

TCS falls 2%; Retail acceptance ratio of TCS buyback at 26%

TCS falls 2%; Retail acceptance ratio of TCS buyback at 26%

GR Infraprojects has emerged as L-1 bidder for Construction of Four Laning of NH-71 from Madanapalle to Pileru in the State of Andhra Pradesh under Bharatmala Pariyojna on Hybrid Annuity Mode. The bid value is Rs 1577 crore.

Price as on 25 Mar, 2022 01:08 PM, Click on company names for their live prices.

Global market update: Japan’s Nikkei posts longest winning streak in 2.5 years

  • Japan’s Nikkei share average rose for a ninth straight session on Friday, its longest winning streak since September 2019, as investors bought back cheap stocks even as a recent rally partially prompted traders to lock in profits.

  • The Nikkei share average reversed course to inch 0.14% higher to 28,149.84, with the index gaining 4.93% this week. The broader Topix ended flat at 1,981.47, but posted a weekly gain of 3.78%.

Jefferies initiates coverage on Anupam Rasayan with BUY, sets target at Rs 1,040

“Anupam Rasayan is well-positioned to benefit from ‘China + 1’ with its diversified chemistry expertise, wide customer base and presence across multiple verticals. Strong LT contract pipeline offers medium-term growth visibility. We forecast Rev/EBITDA/PAT CAGR of 33%/29%/31% over FY22-24E. Valuation is favorable after a 16% correction. We initiate at Buy with a Rs1,040 PT at 38x P/E on accelerating earnings growth and upside potential from new contract wins,” the brokerage said.

Jefferies initiates coverage on Anupam Rasayan with BUY, sets target at Rs 1,040

HDFC sells 2.2% stake in Hindustan Oil Exploration

Price as on 25 Mar, 2022 12:29 PM, Click on company names for their live prices.

Vikram Thermo surges 8% as board to consider bonus issue

Vikram Thermo India Ltd has informed BSE that the Meeting of Board of Directors of the Company is scheduled to be held on April 01, 2022 to consider regarding increase in the authorized share capital of the Company as well as to issue Bonus Shares to the shareholders of the Company.

Vikram Thermo surges 8% as board to consider bonus issue

Atul Ltd board approves buyback worth Rs 70 crore

Price as on 25 Mar, 2022 12:13 PM, Click on company names for their live prices.

Sensex extends fall, down 250 points

Sensex extends fall, down 250 points

JP Morgan upgrades IndiGo to Neutral from Underweight; Target upped to Rs 1825 from Rs 1400

Price as on 25 Mar, 2022 12:03 PM, Click on company names for their live prices.

Ruchi Soya FPO subscribed 16% so far on Day 2

Ruchi Soya FPO subscribed 16% so far on Day 2

Sugar stocks slip on likely restriction on sugar exports

Price as on 25 Mar, 2022 11:37 AM, Click on company names for their live prices.

India could cap sugar exports to augment local stocks: Reuters

  • India is considering restrictions on sugar exports for the first time in six years and may cap exports at around 8 million tonnes in an effort to prevent domestic prices surging, government and industry sources told Reuters.

  • Any curbs on exports by the world’s second biggest sugar exporter could lift global sugar prices that have been supported by lower output in top producer Brazil and firm crude oil prices, which encourages mills to produce more sugarcane-based ethanol.
India could cap sugar exports to augment local stocks: Reuters

Zen Technologies secures a Project Sanction Order (PSO) from Indian Army; stock hits 5% upper circuit

Price as on 25 Mar, 2022 11:19 AM, Click on company names for their live prices.

Top 5 losers on NSE in morning session

Price as on 25 Mar, 2022 10:46 AM, Click on company names for their live prices.

I believe that many of the new tech companies do not even have a robust business model. We would stay away from that. It is not that we are blind to the disruption but we also do not want to get caught into overplaying of this disruption theme. Sometimes I feel markets have overplayed disruption. As an investor our job is to make money from a risk reward point of view and not to be part of every party and just hang around there. So we have stayed away and I still think that there is froth and I still do not think they have got a clear big time. We will watch out.

– Vikas Khemani, Founder, Carnelian Capital Advisors

RUPEE UPDATE

NIFTY MEDIA top performing sector on NSE

NIFTY MEDIA top performing sector on NSE

Airtel prepays Rs 8,815 cr towards deferred liabilities for 2015 spectrum

  • Telecom operator Bharti Airtel on Friday said it has paid Rs 8,815 crore to the government towards part prepayment of deferred liabilities pertaining to spectrum acquired in the 2015 auction.

  • The prepayment is for instalments due in FY2027 and FY2028, the Sunil Mittal-led telco said in a statement.

  • Over the last four months, Airtel has cleared Rs 24,334 crore of its deferred spectrum liabilities ahead of schedule.

The 17000-17500 range for Nifty is likely to hold for the near term with a possible breakout above the upper band coming early in April triggered by positive news from the earnings season. The bullish undertone of the market is evident from the fact that inspite of lots of unfavorable developments Nifty is up by 2.5% in March so far and India is outperforming most of the markets. A hawkish Fed, spiking crude and uncertainties associated with the war haven’t diminished the enthusiasm of the bulls. The trend of preference for value over growth is evident in the strong performance of stocks like RIL and ITC and the weak performance of stocks like Britannia and HUL. This trend is likely to continue.

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

Sensex trades lower after kicking off session on positive note

Sensex trades lower after kicking off session on positive note

Check out the most active stocks on NSE

Price as on 25 Mar, 2022 09:22 AM, Click on company names for their live prices.

Sensex Heatmap: Top gainers and losers from index in opening deals

Sensex Heatmap: Top gainers and losers from index in opening deals

OPENING BELL: Sensex sheds 30 points, Nifty flat; Tata Consumer, Escorts drop up to 3%

SGX Nifty signals a positive start

Nifty futures on the Singapore Exchange traded 58.5 points, or 0.34 per cent, higher at 17,280.50, signaling that Dalal Street was headed for a positive start on Friday.

Tech View: Nifty consolidation continues

Nifty50 on Thursday consolidated in a 200-point range and gave a close above its 50-day moving average. The NSE barometer formed a small bullish candle on the daily scale, with an upper wick, suggesting selling at higher levels. Analysts said the index may continue to consolidate for some time before regaining strength.

Oil drops as supply crunch fears ease

Oil prices fell about a $1 on Friday as the United States and allies considered releasing more oil from storage to cool markets and as traders faced higher costs for trading benchmark Brent futures. Brent crude futures fell $1.07, or 0.9%, to $117.96 a barrel, after sliding 2.1% in the previous session. US West Texas Intermediate (WTI) crude futures fell $1.20, or 1.1%, to $111.14 a barrel, having dropped 2.3% in the previous session.

Hong Kong stocks start lower

Hong Kong stocks extended the previous day’s losses at Friday’s open as profit-takers moved in following the market’s recent rally. The Hang Seng Index fell 0.96 percent, or 210.34 points, to 21,735.61. The Shanghai Composite Index dipped 0.10 percent, or 3.11 points, to 3,247.16, while the Shenzhen Composite Index on China’s second exchange added 0.08 percent, or 1.76 points, to 2,146.10.

Japan shares open higher on US chip rallies

Tokyo stocks opened higher on Friday on overnight rallies of US shares, led by semiconductor stocks. The benchmark Nikkei 225 index added 0.62 percent, or 174.65 points, at 28,285.04 in early trade, while the broader Topix index rose 0.48 percent, or 9.53 points, to 1,991.09. The dollar stood at 122.10 yen, slightly off from 122.38 yen seen on Thursday in New York.

Wall St resumes rally as chipmakers soar

Major US stock indices rallied more than 1% on Thursday, extending the market’s recent rebound, as investors snapped up beaten-down shares of chipmakers and big growth names and as oil prices dropped. The Dow Jones Industrial Average rose 349.44 points, or 1.02%, to 34,707.94, the S&P 500 gained 63.92 points, or 1.43%, to 4,520.16 and the Nasdaq Composite added 269.24 points, or 1.93%, to 14,191.84.

Rupee rises 6 paise to 76.33 against dollar

The rupee appreciated 6 paise to close at 76.33 against the US dollar in a restricted trade on Thursday, as investors assess the global economic impact of the Russia-Ukraine conflict amid elevated global crude oil prices to find a decisive direction. A weak trend in domestic equities and strengthening US dollar in the overseas market capped the gains in the domestic unit, forex traders said.

Sensex, Nifty on Thursday

The Indian equities markets benchmark Sensex closed 89 points down in volatile trading on Thursday due to selling pressure in banking and financial stocks. The 30 stock S&P BSE Sensex closed 89.14 points or 0.15 per cent down at 57,595.68 points against its previous day’s close at 57,684.82 points. The Nifty closed 22.90 points or 0.13 per at 17,222.75 points. The Nifty had lost 69.85 points or 0.4 per cent on Wednesday.

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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