Sensex Today: Stock Market Live Updates: Sensex, Nifty off day’s low, trade flat; Oil prices extend slide, down 4%; ITC trades firm, gains 2%

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These stocks defy market trend, rally up to 13%

Price as on 28 Mar, 2022 12:44 PM, Click on company names for their live prices.

GR Infraprojects has emerged as L-1 bidder for the tender invited by National Highways Authority of India for Construction of 4-Lane Greenfield Expressway spur from Delhi-Vadodara Greenfield Expressway. The bid project is worth Rs 1368 crore.

Price as on 28 Mar, 2022 12:37 PM, Click on company names for their live prices.

Nifty off day’s low

Live market updates: BSE Midcap index tumbles over 1%, underperforms benchmark

Live market updates: BSE Midcap index tumbles over 1%, underperforms benchmark

Oil prices tumbles over 4%

  • Oil prices tumbled more than $5 on Monday as fears over weaker fuel demand in China grew after financial hub Shanghai launched a two-stage lockdown to contain a surge in COVID-19 infections. The market kicked off another week of uncertainty, buffeted on one side by the war between Ukraine and Russia, the world’s second-largest crude exporter, and expansion of COVID-related lockdowns in China, the largest crude importer globally.

  • Brent crude futures slid as low as $115.32 a barrel and were trading down $5.15, or 4.3%, at $115.50 at 0731 GMT. U.S. West Texas Intermediate (WTI) crude futures hit a low of $108.28 a barrel, and were down $5.30, or 4.7%, at $108.60.

Coal India meets 98% projected coal demand of power plants

Coal India Limited (CILJ allays the supply shortfall apprehension of the power sector and is concentrating its efforts to meet the proJected coal demand of this regulated sector on a priority basis.

The state-owned coal miner, till 24 March of the ongoing fiscal, has supplied an all-time high of 528 million tonnes (MTs) of coal to the count4y’s power utilities. This is 98.5026 of the prorated demand of 535 MTs projected by the Ministry of Power and Central Electricity Authority.

Bitcoin’s stealth rally erases its losses for the year

Bitcoin’s stealth rally over the past two weeks not only pushed it past a key level of $45,000 — it also put the world’s biggest cryptocurrency back in positive territory for the year.

The token rose as high as $47,583 in early Hong Kong trading, well above the $35,000-to-$45,000 range where it’s been stuck since early January. With the fresh gains, Bitcoin is now up about 1.2% for the year, compared with a 4.7% decline for the S&P 500.

If Bitcoin can keep breaking through “in a meaningful way,” it should gain a lot of upside momentum, said Matt Maley, chief market strategist at Miller Tabak + Co.

Bitcoin’s stealth rally erases its losses for the year

Ruchi Soya FPO subscribed nearly 1.5 times on last day

Ruchi Soya FPO subscribed nearly 1.5 times on last day

Sensex Today Live: Index off day’s low

Sensex Today Live: Index off day's low

SC agrees to hear Reliance Infra plea against DMRC: Agencies

Price as on 28 Mar, 2022 11:09 AM, Click on company names for their live prices.

Godrej Properties aims Rs 2,000 cr revenue from 33-acre housing project in Bengaluru

Realty firm Godrej Properties Ltd on Monday said it has entered into an agreement to develop a 33-acre land parcel in Bengaluru and expects around Rs 2,000 crore revenue from this upcoming residential project. The land is located in the residential micro-market of Bannerghatta Road in South Bengaluru, Godrej Properties said in a regulatory filing.

“The new project near Bannerghatta Road will have a developable potential of approximately 3.4 million square feet of saleable area with an estimated revenue of approximately Rs 2,000 crore,” it added.

The stock was trading flat with a negative bias.

Risk-off sentiment envelopes any positivity due to the Russia Ukraine talks scheduled today. China is under lockdown due to Covid-19, ensuring that Chinese demand may come down. Oil is slightly down due to the same reason. Rupee range for the day 76.20 to 76.50.

– Anil Kumar Bhansali, Head of Treasury at Finrex Treasury Advisors

Sensex Today LIVE: Top Sensex drags

Sensex Today LIVE: Top Sensex drags

Top 5 losers from banking space

Price as on 28 Mar, 2022 10:17 AM, Click on company names for their live prices.

NEW LISTING

NEW LISTING

Even though the Ukraine war and the consequent crude spike impacted markets initially, the war is not impacting markets much now. The major headwinds for markets in 2022 will continue to be the high US inflation and Fed tightening. It appears that markets have priced in around 190 bp hike by the Fed in 2022. The fact that markets continue to be resilient in spite of so many headwinds is a reflection of the strength of this bull market. DIIs and retail investors now exert more influence on the market than FPIs. Domestic investors emerging as a major counter force to the fair weather FPIs is a desirable development. However, retail investors have to be more vigilant in their investment by avoiding low-grade stocks and investing in high quality stocks.

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

Nifty slips below 17,100

Nifty slips below 17,100

Sensex Today LIVE: Selloff gathers pace, Sensex down 250 points

Sensex Today LIVE: Selloff gathers pace, Sensex down 250 points

Kalyan Jewellers India says Vinod Rai to be appointed chairman

Price as on 28 Mar, 2022 09:25 AM, Click on company names for their live prices.

Check out the most active stocks on NSE

Price as on 28 Mar, 2022 09:23 AM, Click on company names for their live prices.

PVR Ltd and INOX Leisure announced a merger deal to create the largest multiplex chain in the country with a network of more than 1,500 screens.

Price as on 28 Mar, 2022 09:20 AM, Click on company names for their live prices.

Sector Watch: Media pack rallies the most

Sector Watch: Media pack rallies the most

Sensex Heatmap: Top gainers & losers at opening tick

Sensex Heatmap: Top gainers & losers at opening tick

Sensex Today LIVE: Sensex reverses losses after opening higher, down 100 points

Sensex Today LIVE: Sensex reverses losses after opening higher, down 100 points

OPENING BELL: Sensex gains 100 points, Nifty at 17,180; Inox Leisure soars 15%, PVR 5%

Pre-open session: Sensex gains 200 points, Nifty nears 17,200

Oil slumps as Shanghai lockdown raises fears over drop in demand

Oil prices plunged about $4 on Monday as concerns over slower fuel demand in China grew after authorities in Shanghai said they would shut the country’s financial hub for a COVID-19 testing blitz over nine days. Brent crude futures slid as low as $116.00 a barrel and were trading down $3.88, or 3.2%, at $116.77. US West Texas Intermediate (WTI) crude futures hit a low of $109.30 a barrel, and were down $3.92, or 3.4%, at $109.98.

SGX Nifty signals a flat start

Nifty futures on the Singapore Exchange traded 3 points, or 0.02 per cent, higher at 17,194.50, signaling that Dalal Street was headed for a flat start on Monday.

Tech View: Further consolidation for Nifty50 likely

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.

Hong Kong stocks begin marginally higher

Hong Kong stocks opened Monday morning with small gains following a hefty loss at the end of last week, though Shanghai fell after officials announced a phased Covid lockdown of China’s biggest city. The Hang Seng Index edged up 0.08 percent, or 17.32 points, to 21,422.20. The Shanghai Composite Index shed 0.84 percent, or 27.07 points, to 3,185.17, while the Shenzhen Composite Index on China’s second exchange slipped 0.71 percent, or 14.94 points, to 2,098.80.

Tokyo stocks open lower on profit-taking

Tokyo stocks opened lower on Monday after nine straight sessions of gains, as investors closely watched developments in Ukraine. The benchmark Nikkei 225 index was down 0.39 percent or 110.87 points at 28,038.97 in early trade, while the broader Topix index slipped 0.06 percent or 1.14 points to 1,980.33. “Profit-taking sales are likely” even though rallies on Wall Street should support investor sentiment, senior market analyst Toshiyuki Kanayama of Monex told Reuters.

US stocks settled higher on Friday

The S&P 500 ended higher on Friday as financial shares rose after the benchmark Treasury yield jumped to its highest level in nearly three years. The Dow Jones Industrial Average rose 153.3 points, or 0.44%, to 34,861.24, the S&P500 gained 22.9 points, or 0.51%, to 4,543.06 and the Nasdaq Composite dropped 22.54 points, or 0.16%, to 14,169.30.

Rupee advances 9 paise to 76.24 against dollar

The rupee rose further by 9 paise to close at 76.24 against the US dollar on Friday following a fall in crude oil prices and weakness in the American currency in the overseas markets. At the interbank forex market, the local unit opened at 76.15 against the greenback and witnessed an intra-day high of 76.12 and a low of 76.29. The rupee settled at 76.24, registering a rise of 9 paise over its previous close of 76.33.

Sensex, Nifty on Friday

Benchmark indices Sensex and Nifty declined for a third straight day on Friday due to profit taking in consumer durables, FMCG, banking and IT shares amid lingering worries over commodity prices, interest rate hike and geopolitical tensions. The 30-share BSE benchmark dropped 233.48 points or 0.41 per cent to settle at 57,362.20. During the day, it tanked 495.44 points to 57,100.24. The broader NSE Nifty declined 69.75 points or 0.40 per cent to settle at 17,153.

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



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