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Share Market Closing Note

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Benchmark indices ended lower for the second day in row with Nifty below 14,350 dragged by the PSU Bank, FMCG, auto and energy stocks.

At close, the Sensex was down 740.19 points or 1.51% at 48,440.12, and the Nifty was down 224.50 points or 1.54% at 14,324.90. About 748 shares have advanced, 2147 shares declined, and 170 shares are unchanged.

IOC, Maruti Suzuki, HUL, Bharti Airtel and Coal India were among the major losers on Nifty, while gainers were Tata Steel, Dr Reddys Laboratories, ICICI Bank, HDFC and JSW Steel.

Nifty PSU Bank, FMCG, auto, infra, IT and energy indices slipped 2-3 percent. BSE Midcap and Smallcap indices fell 1.8-2.2 percent.

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Topic :- Time:3.20 PM

Nifty spot if manages to close above 14320 level then expect some pull back in coming session and if it closes below above mentioned level then some sluggish movement is likely to continue. Avoid open positions for tomorrow.

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Topic :- Time:2.40 PM

CRUDEOIL Trading View:

CRUDEOIL is trading at 4380.If it breaks and trade below 4365 level then expect some decline in it and if it manages to trade and sustain above 4405 level then some upmove can follow in the market.

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Topic :- Time:2.00 PM

Nifty is highly volatile now. Nifty spot if manages to trade and sustain above 14460 level then expect some upmove and if it breaks and trade below 14400 level then some decline can be seen in the market.

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Topic :- Time:1.45 PM

Just In:

Tata Group is quietly testing a payment gamechanger for India.

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Topic :- Time:1.30 PM

NATURALGAS Trading View:

NG is trading at 187.50.If it holds below 188.50 level then it is likely to decline towards 185-184.50 levels and if it manages to trade and sustain above 188.50 level then some upmove can be seen in it.

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Topic :- Time:1.10 PM

All round selling is going on in the market. Nifty future if breaks and trade below 14260 level then expect some further decline in the market and above 14320 level some upmove can be seen. Currently Nifty future is at 14287.

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Topic :- Time:12.45 PM

Just In:

RBI flags concerns on cryptocurrencies to government, work in progress for CBDC, says governor Shaktikanta Das.

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Topic :- Time:12.30 PM

Copper Trading View:

COPPER is trading at 657. If it breaks and trade below 656 level then expect it to decline till 653-652 level quite soon and if it manages to trade and sustain above 658 level then some upmove can follow in the Copper.

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Topic :- Time:12.00 PM

Nifty is witnessing all round selling in the market. Nifty spot if breaks and trade below 14320 level then expect some further decline in the market and if it manages to trade and sustain above 14360 level then some upmove can follow in the Nifty.

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Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex at days low, down 600 points; Nifty below 14,400

2. Laxmi Organic makes decent debut, lists at 20% premium over issue price

3. Adani looks beyond coal: Biggest wealth surge heralds rise of next Ambani

4. Coronavirus LIVE: India cases at 1.17 cr; 2nd wave may last up to 100 days

5. Wabco India slips 10% as promoter begins to offload stake via OFS

6. Pokarna surges 16% in a weak market; hits over 3-year high

7. Sebi orders attachment of former Yes Bank MD & CEO Rana Kapoors assets

8. Bank of India to issue Basel III compliant bonds to raise up to Rs 750 cr

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Topic :- Stocks under F&O ban on NSE


1. Vodafone Idea

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Topic :- Stocks in the news

Jubilant FoodWorks: Jubilant Foodworks has entered into an exclusive master franchise and development agreement with PLK APAC Pte Ltd, a subsidiary of Restaurant Brands International Inc. The agreement will help the company to develop, establish, own and operate, and to license franchisees to develop, establish, own and operate, Popeyes Restaurants in India, Bangladesh, Nepal and Bhutan.

Time Technoplast: Time Technoplast has received information from the promoter group of the company for substantial reduction in their pledge of equity shares of the company held by them. The pledge of shares has reduced from 9.55% of paid up capital to only 4.22%. It may be recalled, at some point in time the total pledged shares used to be around 18%, the company said in its BSE filing.

Pokarna: Pokarna Engineered Stone, wholly owned subsidiary of Pokarna, has started commercial production at its second state-of-the-art quartz surface manufacturing facility, with effect from March 24. The plant is located at Mekaguda village in Telangana.

Vakrangee: Vakrangee has entered into a partnership agreement with TransUnion CIBIL (TUCIBIL), one of the Indias largest credit information company regulated by Reserve Bank of India. The agreement will help the company drive financial inclusion by providing easy access to CIBIL score and report to consumers through Nextgen Vakrangee Kendra network.

Wabco India: ZF International UK will sell 17,17,388 equity shares or 9.05% stake in Wabco India through the offer for sale on March 25 and March 26. The company will also sell additional 17,17,387 equity shares or 9.05% stake in the company through offer for sale on same days. The floor price for the sale is fixed at Rs 5,450 per share.

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Topic :- Nifty Opening Note

Indian Stock Market Trading View For 25 March,2021:

F&O expiry today. Nifty is likely to remain highly volatile. Trade as per market trend.

Nifty spot if manages to trade and sustain above 14620 level then expect some further upmove and if it breaks and trade below 14520 level then some decline can be witnessed 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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Banks to ask Centre’s help to fund interest waivers: Report

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The government, in October 2020, had announced a waiver of compound interest only on loans of up to Rs 2 crore.

The Reserve Bank of India, on March 27, 2020  announced a moratorium on loan instalments due between March 1 and May 31.

The Reserve Bank of India, on March 27, 2020 reported a ban on credit portions due between March 1 and May 31. Banks are intending to look for the public authority's assistance to take care of the check on an expected measure of Rs 7,500 crores of accumulated dividends waiver, said Mint in a report. This comes after the Supreme Court request on advance ban. 

The report additionally said that paying from their pockets could imprint the benefit of banks, refering to an individual mindful of the turn of events. "While we will demand the public authority to pay for this round too, I don't figure the bill will be excessively high. Loan specialists will take it up with the Indian Banks' Association (IBA) at the following overseeing board of trustees meeting soon enough," said the individual referenced previously. 

Sharetipsinfo couldn't freely check the report. 

The zenith court, on March 23, articulated its judgment on a cluster of supplications identified with the half year credit ban period, expressing that it can't permit waiver of complete interest and augmentation of the ban. 

It further decided that there will be no interest on interest or pay interest during the ban time frame for all borrowers, regardless of the credit sum. On the off chance that any such sum has been gathered it will be discounted. 

The public authority, in October 2020, had declared a waiver of accumulated dividends just on advances of up to Rs 2 crore. The waiver was for the months from March to August as the pandemic incited lockdown had influenced income and prompted work misfortunes. 

The Reserve Bank of India, on March 27, 2020 declared a ban on advance portions due between March 1 and May 31. The ban period was subsequently stretched out by a quarter of a year till August 31, 2020. 

The public authority had additionally educated the top court in October that it is unimaginable for banks to bear the weight coming about because of waiver of accumulating funds without giving the monetary effect on contributors or influencing their total assets antagonistically.

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Adani Ports shares continue to gain after acquiring controlling stake in Gangavaram Port

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It is the second largest non-major port in Andhra Pradesh with a 64 MT capacity established under concession from Government of Andhra Pradesh (GoAP) that extends till 2059.Representative image of a bulk carrier at the Ningbo Zhoushan port in China's Zhejiang province. (Image: Reuters/Stringer)

Representative image of a bulk carrier at the Ningbo Zhoushan port in China's Zhejiang province. (Image: Reuters/Stringer)Adani Ports share price continued its upward move for the fourth consecutive day on March 24. The stock price has risen over 8 percent within the last 3 days. Today morning, it had been trading at Rs 747.55, up Rs 9.35, or 1.27 percent.

The country's largest private multi-port operator said last week that it'll acquire interest in Gangavaram Port (GPL) from DVS Raju and family for Rs 3,604 crore taking its stake in GPL to 89.6 percent.

GPL is found within the northern a part of Andhra Pradesh next to Vizag Port.

“Adani Ports and Special Economic Zone (APSEZ), India's largest private ports and logistics company, is acquiring the 58.1 percent stake held by DVS Raju and family in Gangavaram Port Limited (GPL),” the corporate said during a statement.

The acquisition is valued at Rs 3,604 crore.

“Ports play a serious role in shaping the longer term . Through APSEZ''s 89.6 percent stake in Gangavaram port, the Adani Group will greatly expand its pan-India cargo presence. As India''s largest private sector port developer and operator, we'll accelerate India''s and AP''s industrialisation,” Adani Group Chairman Gautam Adani said during a tweet.

Adani Ports stock movement since last 1 month

It is the second largest non-major port in Andhra Pradesh with a 64 MT capacity established under concession from Government of Andhra Pradesh (GoAP) that extends till 2059.

Domestic brokerage ICICI Securities features a buy turn the stock with target of Rs 790 per share. The stock is in strong uptrend. it's generated a breakout above a falling channel containing last two weeks' breather, it said.

Adand Rathi also features a buy with target of Rs 790 per share on Adani Ports. it's of the view that the stock has been during a secular uptrend for quite while and has managed to measure the market volatility. It witnessed a reversal from the support of its 21-DEMA on the daily chart indicating bullishness within the counter. On the oscillator front, 14-period RSI has also seen a resurgence from the previous swing low and is ready to march northwards within the coming future, the brokerage added.

Global research firm Morgan Stanley has maintained its overweight turn the stock with target at Rs 733 per share. It believes that the Gangavaram Port deal is value accretive adding that the Port features a strong balancesheet, steady income generation, consistent with a CNBC-TV18 report.

Note: The Morgan Stanley report is compiled from information available on public platforms/CNBC-TV18.

Disclaimer: The views and investment tips expressed by investment experts on sharetipsinfo.com are their own, and not that of the web site or its management. sharetipsinfo.com advises users to see with certified experts before taking any investment decisions.

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GST collections top Rs 1 lakh crore for five straight months since Oct 2020: MoS Finance

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Anurag Thakur, during Question Hour, said this could be possible on the back of the measures taken by the government to boost economic activities over the last year to deal with the COVID-19 pandemic.                           

Increased economic activities have resulted in higher GST collection which stood above Rs 1 lakh crore for five months during a row since October 2020, Minister of State for Finance and company Affairs Anurag Thakur said within the Rajya Sabha on Tuesday.

Thakur, during Question Hour, said this might be possible on the rear of the measures taken by the govt to spice up economic activities over the last year to affect the COVID-19 pandemic.

"GST collection has increased. If you see e-way bill data, numbers... activities have increased," the minister said.

"GST collection has witnessed above Rs 1 lakh crore for a stretch of 5 months since October 2020... The GST collection during the amount has been above the gathering within the same period last year," he said.

On the economy, Thakur said V-shaped recovery is being seen because the third quarter GDP numbers are positive and trade is recuperating .

The Indian economy had seen a contraction of 24.4 percent within the June quarter of FY21, impacted by COVID-19.

After two consecutive quarters of contraction, the country's GDP entered into a positive territory with a growth of 0.4 per cent within the October-December quarter of the present fiscal.

"When COVID-19 pandemic erupted... -24.4 rate of growth was recorded in April- June.... Modi government has initiated several good steps with a positive result and 0.4 per cent growth was within the third quarter," Thakur said.

He also listed various steps taken by the govt during the pandemic to spice up the economy, including stimulus packages under Aatmanirbhar Bharat programme, emergency credit line and loan moratorium.

As per a written statement from the Ministry, the GST collection in any particular month depends upon the entire taxable value of products and services supplied therein month.

Moreover, the amount of e-way bills generated within the current fiscal is nearly adequate to the amount of e-way bills generated last year in spite of a dip within the number of e-way bill generated during April and should 2020, the statement said.

The monthly GST collection trend and therefore the generation of e-way bills are clear indicators of increase within the economic activity, it said.

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Nifty Opening Note

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Indian Stock Market Trading View For 22 March,2021:

Rising Covid-19 cases, Partial lockdown possibilities and Oil price will act as major triggers.

Nifty to turn volatile as the day progresses. Nifty spot if manages to trade and sustain above 14780 level then expect some further upmove and if it breaks and trade below 14680 level then some decline can follow in the stok market. Please note this is just opening view and should not be considered as the view for the whole day.

Stocks in the news

Bharti Airtel: Bharti Airtel on March 19  entered into an agreement for the acquisition of 17,43,560 (representing 7.48 percent of paid up equity) equity shares in Sandhya Hydro Power Project Balargha Private Limited, a special purpose vehicle (SPV).

Adani Green Energy: Adani Green Energy, one of the largest renewables companies in India, signed a share purchase agreement for acquiring a 100 percent stake in an SPV holding 50 MW operating solar project of the Toronto-headquartered SkyPower Global.

JSW Energy: JSW Energy said its subsidiary JSW Future Energy, earlier known as JSW Solar, received orders for a total wind capacity of 450 MW from Solar Energy Corporation of India (SECI).

Bharat Dynamics: State-owned defence company Bharat Dynamics has signed a contract for the production and supply of Milan-2T Anti-Tank Guided Missiles. The contract value is Rs 1,188.12 crore.

Infibeam Avenues: Promoter entity O3 Developers sold 0.39 percent equity stake in Infibeam Avenues via open market transaction on March 17. Non-promoter Varini Patel offloaded 32.50 lakh equity shares in the company on March 17.

PNC Infratech: CARE Ratings has assigned credit rating on the bank facilities of the companys subsidiary, PNC Gomti Highways, as A. The rating agency assigned stable outlook on the bank facilities of Rs 559.30 crore.

Indian Stock Market Trading Tips

Fed's stance supports gold but rising bond yield likely to keep prices in check

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To fight the coronavirus' drag on the economy, the US Federal Reserve System took bold steps a year ago. During two unscheduled meetings on March 3, 2020 and March 15, 2020, the Federal Open Market Committee (FOMC) voted to scale back the firing range for the federal funds rate by one-and-half percentage points, dropping it to close zero. More efforts continued and a year later, the Fed again pledged to stay the rate of interest low through 2023 and continued an asset purchase programme under which the financial institution buys a minimum of $120 billion of bonds a month.

The Fed's projections for GDP and percentage are indicating a speedy economic recovery. The Fed raised its forecast on GDP growth for 2021 to a 6.5 percent annualised rate, from 4.2 percent, which can be the strongest growth in almost 40 years.

The Fed forecasts unemployment to fall to 4.5 percent from 6.2 percent, which is more favourable than a 5 percent FOMC estimate in December. Additionally, Fed forecasts it to be 4.2 percent in 2022, 3.7 percent in 2023 and therefore the longer run rate is projected at 4 percent.


However, Fed chairman Jerome Powell said he expects inflation to rise this year. The Fed sees inflation at 2.4 percent in 2021 but expects it to fall to 2 percent, the target rate, subsequent year. Fed officials made no mention of recent rises in bond yields, or any effort to combat the resurgent bond movements.

Government bond yields have surged to the amount last seen before the COVID-19 pandemic. Inflation is termed to be bad for bonds and rising yields is indicative of selling fettered . The Fed looks comfortable with some increase in yields goodbye because it may be a reflection of economic recovery.


In case inflation spirals out of control, the Fed has other measures to douse the hearth . Four of the 18 FOMC members were trying to find a rate hike in 2022, compared with only one at the December meeting and for 2023, seven members see a hike, compared with five in December.

Gold prices bounced from the recent low of $1,673.30 but still stand at $1,731 an oz , significantly lower from the August 2020 high of $2,107.6. The Fed sounded more dovish within the March 2021 statement, which was supportive of gold prices, however, a falling safe-haven demand after robust economic recovery and rising bond yield is probably going to stay prices in restraint .

Gold, which bounced from the recent low of $1,673.3, is probably going to face stiff resistance near 50-day EMA at $1,778 while it's going to find support around $1,715 and $1,687.

Disclaimer: The views and investment tips expressed by experts on sharetipsinfo.com are their own and not those of the web site or its management. Sharetipsinfo.com advises users to see with certified experts before taking any investment decisions.

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Small & midcaps underperform, 31 BSE-500 stocks that fell 10-30% in a week

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Global cues turned negative following a spike in US bond yields and a surge in COVID-19 cases across the globe, including India, leading to some bit of profit-taking at higher levels.

A volatile week for Indian markets as every rise was being sold into but the bulls managed to gain some control on March 19 after days of selloff. Both the Sensex and the Nifty50 closed below their crucial support levels, raising concerns about a fresh selloff in the coming week.

The Sensex fell 1.8 percent, while the Nifty was down 1.9 percent for the week ended March 19 but it was the small & midcap space that saw a carnage. The BSE midcap was down 2.59 percent, while the smallcap index closed with losses of 3.4 percent for the week ended March 19.

As many as 31 stocks in the BSE500 index fell 10-30 percent. These include Raymond, Tata Coffee, IDBI Bank, Dish TV, Tanla Platforms, Bank of India, Future Retail, and Bliss GVS Pharma.

Global cues turned negative following a spike in the US bond yields and a surge in COVID-19 cases across the globe, including India, leading to some bit of profit-taking at higher levels.

“Yield on US 10-year notes, which has risen sharply in the past seven weeks on growth expectations, hovered near a 14-month peak at $1.742 percent,” said a Reuters report.

The US 10-year treasury note yield (were) highest in over 14 months. The sharp rise has been driven by a spread of triggers such as inflation and economic recovery, Palka Chopra, Senior Vice President, Master Capital Services told 

"Treasury bonds are considered to be the safest investment and investors generally invest in treasury bonds in times of economic recession. When the economy shows a sign of recovery, investors shift their focus towards risky assets. This triggers a selloff in bonds," Chopra said.

Energy, banks, healthcare, private banks, infra and capital goods sectors declined 3-5 percent, while buying was seen in FMCG, power, and telecom indices

“Markets are currently undergoing a sector rotation and laggards from the previous few months could be new themes to play,” Nirali Shah, Head- Equity Research, Samco Securities, told “Stocks which have undergone a correction in the recent pressure could also see buying. FMCG and pharma can see good momentum going forward,” she said.

FII activity

Foreign institutional investors (FII) continue to remain net buyers in the cash segment of the Indian equity markets. FIIs were net buyers for more than Rs 9000 crore so far in March, while domestic institutional investors were net sellers for more than Rs 4,400 crore in the same period.

“While FIIs were net buyers in the cash segment, DIIs and retailers have been selling in this market after being spooked by the rising 10-year treasury bond yields and rising inflation,” Shah said.

Technical View

The Nifty has broken the range of 14,450-15,350 and if the bears continue to dominate, then the index may retest 14,400.

The Nifty closed at 14744, down 1.9 percent amid elevated volatility during the week. “We expect the Nifty to trade with positive bias in the range of 14,400-15,000 in coming weeks. Hence any decline should not be construed as negative rather an incremental buying opportunity,” Dharmesh Shah, Head–Technical, ICICI direct, told 

“A decisive close above the psychological 15,000-mark would confirm the conclusion of ongoing corrective phase with an extended target of 15,300,” he said.

IT, pharma and FMCG sectors were better placed on relative rankings and risk-reward parameters and were expected to outperform, Shah said.

Disclaimer: The views and investment tips expressed by experts on Sharetipsinfo.com are their own and not those of the website or its management. Sharetipsinfo.com advises users to check with certified experts before taking any investment decisions.

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India needs to return to more liberal trade regime: Arvind Panagariya

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With a low corporate profit tax rate, labour law reforms, GST, and bankruptcy law, a massive privatization programme on the anvil, and measures to de-stress the financial sector under way, the country is poised to take on to global markets in a major way, he said.

Arvind PanagariyaIndia needs to get back to a liberal exchange system as it can drive development into twofold digit range, previous Niti Aayog Vice-Chairman Arvind Panagariya said. 

With a low corporate benefit charge rate, work law changes, GST, and chapter 11 law, a monstrous privatization program on the blacksmith's iron, and measures to de-stress the monetary area under way, the nation is ready to take on to worldwide business sectors in a significant manner, he said. 

"Be that as it may, this requires one extra key fixing: a more liberal exchange system," he said while tending to the 36th Commencement Day Annual Lecture coordinated by Exim Bank of India (Exim Bank). 

He was talking on the theme - India's' Trade Policy-past, present and future. 

Panagariya, who is at present a Professor of Economics at Columbia University, said a more liberal exchange system conveys the guarantee of pushing this development rate into twofold digit range. 

He said one road for changing exchange is by bringing down levies against all exchanging accomplices, which the nation effectively conveyed from 1991-92 to 2007-08. 

The subsequent methodology can be by going into international alliances with significant exchanging accomplices, he said. 

"A decent beginning stage for this would be the United Kingdom and European Union. These are enormous business sectors and their horticultural areas represent no danger to the work of India's' ranchers," he said. 

Panagariya said, as of now, 42.5 percent of the country's' labor force is utilized in agribusiness, and for fast change, almost 50% of this labor force should move to industry and administrations in the following ten to fifteen years. 

"This thusly requires the formation of an enormous number of occupations in industry and administrations at the lower-end of the ability range that pay appealing wages," he said. 

As per him, the best way to achieve this is by establishing a climate wherein fruitful fare situated firms can arise and thrive in labor-escalated areas like attire, footwear, furniture, toys, kitchenware and writing material among others. 

Accomplishment in send out business sectors requires above all else an open exchange system, he said adding that instead of raising duties, the nation should bring down them.

Indian Share Market tips

Trade Spotlight: What should investors do with HCL Tech, Infosys and ZEE Entertainment?

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Zee Entertainment rose nearly 2 percent with strong volumes, HCL Tech fell 4 percent while Infosys was down 3.6 percent at the end of the trade on Thursday. Read on to know expert recommendations on how to trade these stocks today.

Bears assumed responsibility for D-Street in the second 50% of the meeting on Thursday pushing benchmark files beneath their significant help levels. The S&P BSE Sensex shut with misfortunes of almost 600 focuses while Nifty shut under 14,600 levels. 

Sectorally, selling pressure was found in IT, energy, medical care, oil and gas, public area, and banks. Auction was more unmistakable in the more extensive market space. The S&P BSE Mid-cap list fell 1.3 percent while the S&P BSE Small-cap list was down 1.58 percent. 

Zee Entertainment rose almost 2% with solid volumes, HCL Tech fell 4%, and Infosys was down 3.6 percent toward the finish of the exchange on Thursday. Peruse on to know master proposals on the best way to exchange these stocks today. 

On the every day graphs, the stock has framed a growing Triangle sort of development. Presently, the stock is floating in the scope of Rs 202 to Rs 225. The medium-term surface of the stock is bullish yet as of now, it is seeing non-directional action as dealers are, maybe, hanging tight for either side breakout. 

For the bulls, Rs 225 would be a significant breakout level to watch. On the off chance that the stock figures out how to close over something similar, we can expect a speedy upswing rally towards Rs 240 - Rs 247 and on the other side, exchanging beneath Rs 200 may increment further shortcoming up to Rs 188. 

So far in March, the stock has mobilized more than 6%. On the day by day outlines, the stock has framed higher base arrangement design which recommends a solid bullish surface is probably going to proceed in the medium term. 

In any case, Thursday's intraday sharp selloff could end up being a minor warning for the bulls. For the positional merchants, Rs 1,300 would be the holy level. 

On the off chance that the stock exchanges above Rs 1,300 levels, the upturn will proceed up to Rs 1,425. Be that as it may, a nearby underneath Rs 1,300 may trigger further shortcoming up to Rs 1,245. 

HCL Technologies

The stock is uniting between Rs 920 to Rs 1,000 value range post a sharp fall. On week after week outlines, the stock has shaped Bar Reversal bearish candle and after quite a while, it figured out how to close under 50-Day SMA which is extensively negative for the scrip. 

The non-directional action plainly shows hesitation among bulls and bears. In fact, Rs 1,000 could be the quick obstacle. On the off chance that the stock supports over something similar, we can expect one more meeting up to Rs 1,050. On the other side, a nearby beneath Rs 920 would increment further shortcoming till Rs 880 - Rs 850. 

Disclaimer: The perspectives and speculation tips communicated by specialists on sharetipsinfo.com are their own and not those of the site or its administration. sharetipsinfo.com encourages clients to check with affirmed specialists prior to taking any speculation choices.

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Nifty Opening Note

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Indian Stock Market Trading View For 19 March,2021:

Nifty is likely to remain volatile and is expected to show few more wild moves. Global cues will be trend setter. 

Nifty spot if manages to trade and sustain above 14600 level then expect some upmove and if it breaks and trade below 14520 level then some decline can be seen 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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