Stock Market Highlights: Sensex ends 445 points higher, Reliance contributes nearly half of Nifty 50 gains

Stock Market Highlights: Sensex ends 445 points higher, Reliance contributes nearly half of Nifty 50 gains
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Share Market Highlights: Benchmark indices ended near the day's high on Tuesday as index heavyweights finally delivered. The Sensex ended with gains of nearly 450 points, while the Nifty 50 closed above the mark of 17,100.

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Mar 21, 2023 3:46 PM

Stock Market Highlights | Top Contributors To Nifty 50's Gains

- Reliance Industries snapped an eight-day losing streak to end among top Nifty 50 gainers
- The stock contributed 52 points to the Nifty 50 upside
- ICICI Bank was the second-highest contributor with 26 points
- Contribution of nearly 30 points came from the HDFC Twins, with HDFC Bank contributing 18.5 points, and HDFC contributing 11.2 points
- Axis Bank and Bajaj Finance also contributed 11 and 10 points respectively to the upside

Mar 21, 2023 3:43 PM

Stock Market Update | Sensex, Nifty End Higher As Heavyweights Finally Deliver

- Market Sees Relief Rally Led By Financials, Most Nifty Bank Constituents Higher

- Sensex Rises 446 Points To 58,075 & Nifty 50 119 Points To 17,108

- Nifty Bank Gains 533 Points To 39,895 & Midcap Index 176 Points To 29,958

- Reliance Ind Snaps 8-day Losing Streak, Is Top Nifty Contributor With 52 Points

- Major Private Banks (ICICI, Axis, HDFC Bank) See Healthy Gains, Up 1-2 percent

- 8 Of 10 Adani Group Stocks End Higher With 3 Stocks Closing At Upper Circuit

- Insurance Stocks See Buying With Max Fin, HDFC Life & ICICI Pru Gaining 2-3 percent

- IT Stocks Slip On Growth outlook Concerns, Nifty IT Is Top Losing Index, Down 1 percent

- HDFC AMC Surges 5 percent Following A Clean-out Trade Of GQG Via Block Deals

- Crompton Cons, IndiaMART, ABB, Zee Ent, Alembic Pharma Top Midcap Gainers

- GMR, L&T Tech, Metropolis, Torrent Power & Mphasis Are Top Midcap Losers

- Market Breadth Favours Advances With Advance-Decline Ratio At 3:2

- BSE Companies Gain Market Cap Of Nearly `1.50 Lakh Crore Today

Mar 21, 2023 3:40 PM

Share Market Live Update | PSU Bank Index top sectoral gainer

- Trading with gains of 1.7 percent
- Index has gained in three out of the last four trading sessions
- All 12 index constituents are trading with gains
- Bank of Baroda, Indian Bank, UCO Bank are up 2.7 percent each
- Union Bank, Punjab and Sind Bank and Canara Bank are also trading with gains of over 2 percent
- SBI is underperforming the index and peers, trading with gains of 0.5 percent

Mar 21, 2023 3:19 PM

Nifty 50 Update | Hindustan Unilever Top Index Loser

- Hindustan Unilever trading with losses of nearly 2 percent at Rs 2,464
- Has oscillated between gains and losses over the last five sessions
- Contributing 10.2 points to the index downside
- Has declined nearly 4 percent this year
- Stock has risen 20 percent over the last 12 months

Mar 21, 2023 3:06 PM

Nifty 50 Update | Bajaj Auto Leading The Recovery On Auto Index

- Among top gainers on the Nifty 50 index
- Trading with gains of 2.8 percent at Rs 3,911
- Top gainer on the Nifty Auto index
- Gained in three out of the last four trading sessions
- Shares have gained 9.5 percent so far this year
- The stock is 5.5 percent away from its 52-week high of Rs 4,131

Mar 21, 2023 2:47 PM

Stock Market Update | Jai Bala's Market Outlook

- Nifty 50 Supports: 16,430, 16,200, 15,900
- Nifty 50 Resistance: 17,305 and 17,422
- Weakness creeping in to both public and private banks
- Expect banks to be a key contributor to the downside
- Nifty Auto possibly headed towards 10,680, has broken a seven-month range to the downside
- Outperformance of Midcap IT names is likely to have ended
- Nifty IT below 27,900 opens possibilities of breaking the July low and a possible downside towards 21,000 in the medium-term
- Bearish on banks, financials, and auto on rise

Mar 21, 2023 2:36 PM

Stock Market Update | GAIL Among Top Midcap Losers

- Stock trading with losses of over 4 percent
- Biggest single-day drop for the stock in two months
- Down for the second straight day on Tuesday
- Shares are up 9 percent so far this year
- Recent 52-week high of Rs 115 and 52-week low of Rs 83

Mar 21, 2023 2:21 PM

Stock Market Update | Granules Consumer Health Concludes USFDA Audit

- Granules Consumer Health Inc., a step down subsidiary of Granules India and a wholly-owned subsidiary of Granules USA Inc., has completed an audit by the USFDA with zero observations.
- Inspection conducted between March 15-20, 2023
- GCH is a leading private-label OTC provider and its packaging facility will enable it to service leading retailers
- Packaging facility in Manassas is spread over 79,000 square feet
- Shares of Granules India are trading 2 percent higher at Rs 287.40

Mar 21, 2023 2:14 PM

Stock Market Update | Top Technical Picks From Shrikant Chouhan of Kotak Securities

- Buy SRF with a stop loss of Rs 2,300 and price target of Rs 2,440 - Rs 2,450
- Buy Petronet LNG with a stop loss of Rs 225 and price target of Rs 250

Mar 21, 2023 2:08 PM

Final 90 Minutes of Trade | Prashant Nair's Take On The Market

- Very volatile day so far as the Nifty does several 40-60 point round trips within a 100 point intraday range. 
- Oil & gas stocks do best, with heavyweight Reliance Industries up nearly 3%
- In terms of big cues ahead – it will be the Fed decision tomorrow evening. Fed officials face one of their toughest calls: whether to raise interest rates again to fight high inflation or take a timeout amid the most intense banking crisis since 2008
- Wall Street is mixed in its views while fed fund futures point to the most likely outcome a 25-bps hike.

Mar 21, 2023 2:03 PM

Nifty 50 Update | Infosys Continues To Grind Lower

- Among top losers on the Nifty 50 index
- Trading 0.7 percent lower at Rs 1,393.25
- Has declined in nine out of the last 10 trading sessions, in-line with the Nifty IT index
- Shares have declined 7.5 percent over the last 10 sessions
- The stock is 2.7 percent away from its 52-week low of Rs 1,355

Mar 21, 2023 1:33 PM

Stock Market Update | Dwarikesh Sugar Shares Gain

- Stock trading with gains of 1.2 percent at Rs 85.10
- Shares are gaining after a two-day drop
- Stock is off the day's high but holding on to gains
- Shares have declined nearly 20 percent so far this year

Mar 21, 2023 1:25 PM

Stock Market Update | NMDC Hikes Prices

- Increases prices of Lump Ore to Rs 4,500 per tonne from Rs 4,400 per tonne in February
- Prices of fines have been hiked by Rs 200 per tonne to Rs 4,110
- Prices exclude royalty, district mineral fund, national mineral exploration trust (DMET), cess, forest permit fee and other taxes
- NMDC's February sales had declined 4.8 percent to 3.78 MT Vs 3.97 MT, during the same time previous year.
- Shares of NMDC are trading 1.2 percent lower at Rs 111.35

Read More Here.

Mar 21, 2023 1:07 PM

Stock Market Update | Two Sell Recommendations From Sacchitanand Uttekar of Tradebulls

- Sell JSW Steel with a stop loss of Rs 672 and price target of Rs 640 - Rs 650
- Sell Voltas with a stop loss of Rs 858 and a price target of Rs 820

Mar 21, 2023 12:54 PM