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Topic :- Share Market Closing Note
Indian benchmark indices ended at days high levels in the highly volatile session on March supported by the auto, bank, oil & gas and metal stocks.
At close, the Sensex was up 231.29 points or 0.40% at 57,593.49, and the Nifty was up 69 points or 0.40% at 17222. About 1051 shares have advanced, 2268 shares declined, and 123 shares are unchanged.
Bharti Airtel, Coal India, Axis Bank, Eicher Motors and ICICI Bank were among the top Nifty gainers.
On the other hand, UPL, SBI Life Insurance, Nestle India, Dr Reddys Laboratories, HDFC were among the big losers.
Among sectors, bank and oil & gas indices gained a percent each, and auto and metal indices added 0.5 percent each. However, selling was seen in the capital goods, IT and pharma names.
The broader indices underperformed the benchmarks. BSE midcap and smallcap indices ended in the red.
Aster DM Healthcare share price rose 10 percent after the company signed a memorandum of understanding (MoU) with Tamil Nadu to set up healthcare facilities.
Share prices of multiplex players PVR and Inox Leisure touched their 52-week highs, a day after the announcement of their merger deal to create a cinema giant with more than 1,500 screens.
Share price of Bharti Airtel rose 3 percent as the company is going to acquire 4.7 percent equity in Indus Towers from an affiliate of Vodafone Group Plc at Rs 187.88 per share with the transaction totalling Rs 2,388.06 crore.
GAIL India share price gained 3 percent as the meeting of the board of directors of the company is scheduled on March 31 to consider and approve buy back of the fully paid-up equity shares of the company.
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Topic :- Time:3.20 PM
Just In:
Yatra Online files for ₹750 crore IPO:
Yatra also announced the appointments of Rohit Bhasin, Deepa Misra Harris and former bureaucrat Ajay Narayan Jha as non-executive independent directors.
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Topic :- Time:3.00 PM
Nifty spot if holds above 17180 on closing basis then expect some quick upmove in coming sessions and if it closes below above mentioned level then some sluggish movement can follow in the market. Avoid open positions for tomorrow.
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Topic :- Time:2.50 PM
Just In:
Uma Exports IPO fully subscribed on first day as retail investors drive up bids.
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Topic :- Time:2.30 PM
SILVER Trading View:
SILVER is trading at 68080.If it breaks and trade below 68040 level then expect some decline in it and if it manages to trade and sustain above 68140 level then some upmove can follow in it.
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Topic :- Time:2.30 PM
SILVER Trading View:
SILVER is trading at 68080.If it breaks and trade below 68040 level then expect some decline in it and if it manages to trade and sustain above 68140 level then some upmove can follow in it.
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Topic :- Time:2.10 PM
Just In:
SC agrees to hear SEBIs challenge to order quashing Rs 6-crore fine on NSE.
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Topic :- Time:2.00 PM
Nifty spot if manages to trade and sustain above 17180 level then expect some upmove and if it breaks and trade below 17160 level then some decline can follow in the market.
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Topic :- Time:1.10 PM
Just In:
Adani Total forays into electric mobility infrastructure.
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Topic :- Time:1.00 PM
Reliance is firing and is taking nifty up along. Nifty spot if manages to trade and sustain above 17200 level then expect some further upmove in the market and if it breaks and trade below 17160 level then some decline can be seen in the market. Currently nifty is trading at 17186.
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Topic :- Time:12.45 PM
Just In:
Ruchi Soya FPO Final Day | Issue subscribed 1.53 times, QIB portion booked 92%, retail quota lapped up 59%.
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Topic :- Time:12.30 PM
NATURALGAS Trading View:
NG April is trading at 429.60.If it breaks and trade below 428.80 level then expect some decline in it and if it manages to trade and sustain above 430.40 level then some upmove can follow in it.
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Topic :- Time:12.05 PM
Just In:
Russia, Ukraine set for face-to-face talks:
Ukraine latest updates: Russia-Ukraine talks are likely to take place in Turkey and may start today or tomorrow
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Topic :- Time:12.00 PM
After positive opening nifty is trading in red zone and is trading flat. Nifty spot if breaks and trade below 17000 level then expect some decline in it and if it manages to trade and sustain above 17060 level then some upmove can follow in the market.
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Topic :- Time:11.30 AM
News Wrap Up:
1. Sensex, Nifty open flat; Banks slip, Inox Leisure soars 13%
2. Nationwide trade unions strike affects work at state-owned banks
3. Post record Rs 1.1 trn FY22 IPO fundraise, next fiscal may set new record
4. ED wants central bank to block NBFCs on a Chinese string
5. Crypto industry sees exits ahead of Indias new tax regime
6. Petrol price hiked 30 paise, diesel up 35 paise; sixth increase in 7 days
7. PVR-Inox merger: We want to roll out 200 screens a year, says Bijli & Jain
8. Merger boost: Inox Leisure zooms 20%, hits record high; PVR jumps 10%
9. Emami acquires Dermicool brand for Rs 432 crore; stock hits 52-week low
10. Escorts slips 8% in two days ahead of closure of open offer by Kubota
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Topic :- Stocks under F&O ban on NSE
1. Indiabulls Housing Finance
2. Vodafone Idea
3. L&T Finance Holdings
4. SAIL
5. Sun TV Network
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Topic :- Stocks in News
GAIL (India): The state-owned natural gas distribution company on March 31 will consider the proposal of buy back of the fully paid-up equity shares.
Fino Payments Bank: The Reserve Bank of India has granted approval for referring customers of Fino Payments Bank to Finwizard Technology (FISDOM) for mutual fund distribution, and 5paisa Capital for demat & trading services under referral arrangement.
Adani Enterprises: Subsidiaries Mahanadi Mines and Minerals Private Limited, and MP Natural Resources Private Limited are declared as successful bidders for coal blocks - Bijahan and Gondbahera Ujheni East coal block in Odisha and Madhya Pradesh respectively, by Government of India. The revenue sharing with government will be 14 percent for Bijahan coal block and 5 percent for Gondbahera Ujheni East coal block.
Bharti Airtel: The telecom operator will acquire around 4.7 percent stake in Indus Towers from Euro Pacific Securities, an affiliate of Vodafone Group Plc, at a price of Rs 187.88 per share. The total transaction cost stands at Rs 2,388.06 crore.
G R Infraprojects: The company has emerged as L-1 bidder for road project comprising upgradation to four lane with paved shoulder of NH-341 from Bhimasar to Anjar - Bhuj in Gujarat on Hybrid Annuity Mode. The bid cost of the project is Rs 1,085 crore and the said project is going to be completed within 730 days from appointed date.
Emami: The company has acquired Dermicool, one of the leading brands in prickly heat powder and cool talc category, from Reckitt Benckiser Healthcare (India). The acquisition cost stood at Rs 432 crore which is funded through internal accruals.
Sagar Cements: The board has approved the issuance of 1,32,07,548 equity shares to PI Opportunities Fund, an affiliate of Premji Invest, an investment arm of Azim Premjis endowment and philanthropic initiatives, at an issue price of Rs 265 per share. This transaction will fetch the company Rs 350 crore which will be largely utilised towards meeting the organic and inorganic expansion plans of the company along with funding its general corporate purposes.
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Topic :- Nifty Opening Note
Indian Stock Market Trading View For 28 March,2022:
Whole week is likely to remain volatile. Sentiments will be guiding force.
Nifty spot if manages to trade and sustain above 17260 level then expect some upmove in the market and if it breaks and trade below 17140 level then some decline can follow in the market. Please note this is just opening view and should not be considered as the view for the whole day.
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