Sensex Crash Today: Maharashtra lockdown sinks Sensex by 871 points, Nifty ends below 14,650; Bajaj Finance, IndusInd Bank tumble 6% each

This is how the 30-pack Sensex moved in today’s session. It touched a high of 50,028.67 and a low of 48,580.80 to finally settle at 49,159.32

CLOSING BELL: Maharashtra lockdown sinks Sensex by 871 points, Nifty ends below 14,650; Bajaj Finance, IndusInd Bank tumble 6% each

Here are the top losers in the power sector

Price as on 05 Apr, 2021 03:16 PM, Click on company names for their live prices.

Strong product pipeline make analysts bullish on this largecap pharma stock

This pharma company continues to generate free cash flows (FCFs) due to strongholds in some legacy drugs. Its lower valuation compared to its peers and strong balance sheet, are the other factors that have made the company a favourite of analysts.

Forex Center: This is how the major currencies are faring against each other

Here are all the losers in the tourism and hospitality space

Price as on 05 Apr, 2021 02:49 PM, Click on company names for their live prices.

Macrotech Developers IPO opens on April 7: All you need to know

2021 has seen a rise in yields across the globe, in line with vaccination-led optimism. However, the case for India is a little different this time, with a rapid rise in new Covid cases over the last few weeks. In the upcoming policy, MPC may continue to emphasise the importance of ‘orderly evolution of yield curve’ given the benign inflation trajectory and second wave headwinds to nascent growth recovery. While we don’t expect any action on the policy rate front, the existing accommodation and the ongoing support to bond markets are expected to continue for a bit longer.

– G Murlidhar, Kotak Mahindra Life Insurance Company

How the cyclical bounce-back is playing out

After severe underperformance seen in the previous two years (January 2018 to March 2020), cyclicals have bounced back this year (April 2020 to March 2021). But despite the near-term performance, on a three-year basis (January 2018 to March 2021), stable sectors have outperformed significantly. Only four sectors have outperformed the BSE 500 index in the past three years. And despite last year’s outperformance, cyclical sectors like PSU bank, infra, metals and oil & gas stocks continue to underperform on a three-year basis, IDFC Mutual Fund research shows.

Mega deal wins? Margin squeeze? What to expect in Q4 IT earnings

Buy Thyrocare, Ceat: Yes Securities

Khaitan, BCL Industries, Kohinoor Foods, 15 other stocks hit 52-week lows

Price as on 05 Apr, 2021 01:09 PM, Click on company names for their live prices.

The market opened could not maintain higher levels and the Nifty tumbled below the 14,500 mark. The increase in Covid-19 cases has led to negative sentiments in the domestic market… We can expect a recovery in the Indian market in the range of 14,350-14,900 in the coming week. Although the increase in coronavirus cases can give an opportunity to bears to make a strong grip on the market.

– Gaurav Garg, CapitalVia Global Research

Parag Milk Foods to raise Rs 316 crore from IFC, Sixth Sense Venture Advisors, promoters

Over the next few days, the market would monitor as to how the situation pans out in Maharashtra and other states, especially 8-10 other states where the Covid-19 cases are rising rampantly. Apart from this, Q4 numbers would start pouring in from mid-April. We are expecting strong Q4 FY21 numbers for the IT sector and a expect robust FY22 outlook from the management despite cost pressures. Overall, we believe IT and metals fare better compared with other sectors given the cost pressures faced during Q4. April is likely to be highly volatile, with Q4 earnings, rising Covid cases and higher bond yields likely to determine the trend.

– Hemang Jani, Motilal Oswal

PSU Banks lead the losing pack; Nifty PSU Bank index sheds over 4%

Price as on 05 Apr, 2021 12:34 PM, Click on company names for their live prices.

Manufacturing activity in India eases in March: Survey

Bigger companies with monopolies to benefit no matter which way the economy goes: Ajay Srivastava

Mahindra’s new CEO seeks to revive growth at $19 billion group

Manufacturing PMI Takes A Breather

India’s manufacturing PMI (seasonally adjusted) print for March came in at 55.4, down from the 57.5 registered in February.

India’s economic recovery continues to gather steam despite the recent surge in Covid-19 cases. March GST collections were the highest on record. Electricity consumption remains high, and auto sales continue to improve. After the expansion of eligibility criteria, India’s vaccination drive is also picking up… The run rate is close to 3.5mn/day in April so far. Still, with cases rising, several state governments have started implementing circuit breakers on mobility, though the hit to the economy will likely be minimal for now, in our view. We continue to forecast Q4 FY20-21 GDP growth at 2.7% y/y, and FY21-22 at 11.0% y/y, with balanced risks.

– Rahul Bajoria, Barclays India

How IT stocks are faring today

Price as on 05 Apr, 2021 11:41 AM, Click on company names for their live prices.

IT pack holds up on earnings hope

IT stock held up impressively till the forenoon hours as domestic stock bled on Monday amid rising fears of fresh restrictions in the country to control the second wave of Covid infections. HCL Tech led from the front, with a nearly 1% gain as of 11:30 am, while TCS was up 0.76% and Infosys 0.66%. However, TechM saw some weakness, having shed nearly 1%. Analysts on Dalal Street are hoping for a good set of numbers from the IT biggies for the March quarter. TCS is scheduled to announce its numbers on April 12, Infosys on April 14, and Wipro and Mindtree on April 15.

Q4 Earnings of top Nifty Stocks: Batch 1

Volatility gauge India Vix surges over 15% to hit 23.01

Bank Pack bleeds profusely

Why you won’t like to ignore RBI review as ‘I know what’s coming’

Rupee slumps by 31 paise to 73.43 against dollar

Behind the Stock: Adani’s entry into copper mining goes against group’s recent strategy

BREAKING | Sensex plunges over 1,100 points, Nifty sinks below 14,500

Infosys, TCS, HCL Tech buck market trend

Buy SAIL, Piramal Enterprises, JSW Steel: Motilal Oswal

Gold steady near Rs 45,400, silver flat

Macro numbers like record GST collections and auto sales numbers for March indicate a strong economic rebound. Q4 results will be very good and this can impart resilience to markets. How the Covid cases pan out, going forward, is a crucial factor.

– VK Vijayakumar, Geojit Financial Services

Oil prices dip after OPEC+ agrees to ease output cuts

HDFC twins, ICICI Bank, Axis Bank, Bajaj Finance top drags on Sensex

Financial services, oil & gas, construction stocks top drags on Nifty50

On the other hand, gains in IT and metal stocks offered some support to the 50-scrip benchmark index.

IndusInd Bank, Bajaj Finance, SBI, Bajaj Auto, Axis Bank top Sensex laggards

On the other hand, Infosys, HCL Tech and TCS were among the six gainers in the 30-scrip gauge.

Buy Exide, M&M Financial Services: Reliance Securities

OPENING BELL | Sensex falls 300 points, Nifty below 14,800

NIIT leaps 14%

Rupee appreciates by 26 paise against dollar

The rupee on Wednesday closed higher by 26 paise at 73.12 against the US dollar, and ended the fiscal year on a strong note with a gain of over 3 per cent despite coronavirus-induced disruptions on the economic front. The forex markets remained shut on the next day for the annual closing of banks, and on Friday on account of Good Friday.

US stocks settled higher on Thursday

The S&P 500 rose 46.98 to 4,019.87. The index’s latest all-time high was its second in seven days. The Dow Jones Industrial Average gained 171.66 points, or 0.5 per cent, to 33,153.21. The technology stocks-heavy Nasdaq Composite climbed 233.23 points, or 1.8 per cent, to 13,480.11.

Tech View: Nifty eyes 14,900 level

At the close, the index stood above its 20- and 50-day simple moving averages, and nullified the Bearish Belt Hold pattern formed in the previous session. Analysts advised traders not to read too much into the moving averages in a sideways market, but believe a breach of the 14,900 level could bring the bulls back into the game.

DIIs sell stocks worth Rs 297 crore

Net-net, foreign portfolio investors (FPIs) were buyers of domestic stocks to the tune of Rs 149.41 crore, data available with NSE suggested. DIIs were net sellers to the tune of Rs 297 crore, data showed.

Sensex, Nifty on Thursday

Benchmark indices were closed on April 2 on account of Good Friday. The BSE S&P Sensex closed 521 points or 1.05 per cent higher at 50,030 on Thursday, while the Nifty 50 rose 177 points or 1.2 per cent to 14,867. Market experts said trading started the new financial year on a robust note led by optimism in global markets.

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