India VIX was above 21 levels on Tuesday morning.
(Image: REUTERS)Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic benchmark indices started the day’s trade with gains. S&P BSE Sensex was above 49,900 and nearing the next milestone of 50,000. Nifty was hovering around 14,800. HCL Technologies, IndusInd Bank, and Axis Bank were the top drags while Powergrid, Kotak Mahindra Bank, and Asian Paints were the worst-performing stocks on the benchmark index. Broader markets were outperforming with midcap and smallcap indices jumping nearly 1% each. India VIX or the volatility gauge was up above 21 levels. Bank Nifty was up 0.89%.
The focus will again be on banking stocks today as the Supreme Court of India gears up to pronounce the verdict on various pleas that seek an extension of the loan moratorium that was announced almost a year ago. The pleas before the apex court are from various trader associations. Earlier the government had informed the court that if the interest on all loans and advances was to be waived the amount lost would be close to Rs 6 lakh crore.
Highlights
"Market trend remains uncertain since there are both positive & negative factors impacting stock prices. For now, it appears that the crucial US 10-year bond yield has stabilised. This will remove the fear of large scale bond selling threatening the equity bulls. At the same time, we are witnessing FII selling (Rs 787 crores yesterday )in many bluechip large-caps, impacting sentiments. This has also led to mid-cap outperformance. Fears of the second wave of the pandemic impacting GDP growth in FY 22 also might be leading to selling in the economy- facing stocks like banks. Investors may consider buying into such large-caps on declines. A major macro positive is a sharp rise in tax collections which will put government finances in better shape," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Prices of Petrol and Diesel remained unchanged on March 23. The price of petrol and diesel across major cities has now remained the same for three consecutive weeks. Nation Capital Delhi was quoting a petrol price of Rs 91.17 per litre while Diesel in the city was priced at Rs 81.47 per litre. Fuel prices were highest in Mumbai a Rs 97.57 per litre for Petrol. Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) revise the fuel prices on a daily basis in line with benchmark international price and foreign exchange rates.
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HCL Technologies, IndusInd Bank, and Axis Bank were the top gainers on Sensex. Shares of HCL Tech zoomed 1.5% on the opening bell.
Sensex, Nifty opened with gains on Tuesday. Nifty was nearing 14,800 while Sensex was inching closer to 50,000 mark.
Benchmark indices gained during the pre-open session on Tuesday. Sensex closed the pre-open at 49,873 points while Nifty was just below 14,800.
Sensex was above 50,000 mark during the pre-open session while Nifty jumped beyond 14,800 as benchmark indices gained.
With the Indian two-wheeler industry gradually finding its groove back, digital seems to be playing a greater role than ever in providing the much needed boost. Royal Enfield – a unit of Eicher Motors Ltd, claims that digital currently accounts for nearly 50% of the inquiries, when compared with 10-15% pre-Covid, and the conversion from digital inquiries have also doubled, Shubhranshu Singh, global head – marketing, Royal Enfield, told BrandWagon Online. “Accessibility has been a mantra for us for the last many years. We have initiated things like service on wheels for doorstep service. From a brand experience point of view, we have launched the Royal Enfield app, which has already got close to seven lakh members,” he added. The company claims that for its recently launched motorcycle, Meteor, over 90% of the bookings have come in through the ‘Make-It-Yours’ (MIY) platform — a tool which allows users to customise, configure and set up a new Royal Enfield bike online, and even complete the booking directly over the Internet.
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Headline indices BSE Sensex and Nifty 50 were eyeing a muted opening on Tuesday, as suggested by trends on SGX Nifty. Market participants will closely watch stock-specific developments, oil prices, ongoing vaccination drive, rising Coronavirus cases, movement in rupee against US dollar and other global cues.
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Nifty futures on Singapore Exchanges slipped into the negative territory on Tuesday morning. SGX Nifty was up 65 points earlier in the day but was now down 14 points.
Domestic equity market benchmarks BSE Sensex and Nifty were set to open in the positive territory on Tuesday, after ending flat in the previous session. The Sensex ended at 49,771.29, down 86.95 points, or 0.17 per cent. While the Nifty declined by 7.6 points (0.05 per cent) to close at 14,736.4.
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"The Nifty bouncing back from a gap support 2nd Feb and a false downside violation of trend line support as per daily timeframe chart and a false downside breakout of weekly 10 period EMA at 14400-14600 levels of last week could signal a possibility of an upside bounce in the market. A sustainable move above the immediate resistance of 14800 levels is expected to pull Nifty towards the next hurdle of around 15050-15200 levels in the near term. Immediate support is placed at 14600," said Nagaraj Shetti, Technical Research Analyst, HDFC Securities.
Kishore Biyani and his company Future Retail on Monday got relief from the division bench of the Delhi High Court which stayed the last week’s order of its single-judge bench holding them guilty for going ahead with the Rs 24,713-crore deal with Reliance Retail. This is the second time that the division bench has stayed the order of its single judge with regard to the Future-Amazon dispute.
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The Supreme Court will on Tuesday pronounce verdict on a batch of pleas by various trade associations, including from real estate and power sectors, seeking an extension of loan moratorium and other reliefs in view of the COVID-19 pandemic.
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