Sensex Today Live: Snapping their three-day winning streak, the domestic benchmark indices settled in the red on the last trading day of March – a tumultuous month marked by geopolitical and economic uncertainty after Russia invaded Ukraine. In line with global peers, the 30-share pack Sensex fell 115.48 points or 0.20% to a close at 58,568.51. Its broader peer NSE Nifty declined 33.50 points or 0.19% to 17,464.75.
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Investors’ wealth surges over Rs 59.75 lakh cr in FY22
Investors’ wealth jumped over Rs 59.75 lakh crore in the 2021-22 fiscal, helped by a largely buoyant trend in domestic stocks with benchmark index Sensex surging over 18 per cent during the period. Braving many headwinds in the latter part of the current fiscal, Sensex closed the 2021-22 financial year with a gain of 9,059.36 points or 18.29 per cent.
What to expect from Street going ahead?
— Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services
OPEC+ JMMC AGREES TO RAISE OIL OUTPUT BY 432,000 BPD FROM MAY – REUTERS
ONGC share sale fully subscribed, govt to get Rs 3,000 cr next fiscal
The government’s 1.5 per cent stake sale in ONGC got fully subscribed, ensuring Rs 3,000 crore to the exchequer that is to be accounted for in the next fiscal. The government is selling up to 1.5 per cent of its stake in the country’s top oil and gas producer ONGC at a floor price of Rs 159 per share. The Offer-For-Sale (OFS), which opened for retail investors on Thursday, received bids for over 1.33 crore shares. This represents 71 per cent of the total issue size of over 1.88 crore shares.
Veranda Learning IPO subscribed over 3.53x on final day
Nifty tech view by Rupak De, LKP Sec
Markets remained rangebound throughout the day as the benchmark Nifty hovered within 100 points range. However, the bais may continue to remain positive over the near to short term. On the higher end, the index may move towards 17650, whereas support is visible at 17300.
Fiscal Deficit for April-February 2022 at Rs 13.17 lk cr vs Rs 14.1 lk cr, YoY
Just In | Fiscal Deficit for April-February 2022 at Rs 13.17 lk cr vs Rs 14.1 lk cr, YoY @FinMinIndia… https://t.co/oaPdxnuVU4
— ET NOW (@ETNOWlive) 1648724394000
Domestic market opened on a positive note taking cues from global market & FIIs buying. However, the mood turned negative in line with global peers following inconclusive Russia-Ukraine talks. Plunge in Oil prices on reports that the US will release substantial petroleum reserves & cheaper oil offered to India by Russia will be positive for India in the future.
– Vinod Nair, Head of Research at Geojit Financial Services
What moved market today?
We reiterate our positive yet cautious stance citing lingering geopolitical tension between Russia-Ukraine and its impact on the global markets. Meanwhile, markets are offering opportunities across sectors so the focus should be on identifying the sectors/themes which are gaining traction and plan the positions accordingly.
— Ajit Mishra, VP – Research, Religare Broking
#MarketsWithETNOW | #Nifty snaps 2 month losing streak to post best month since Aug 2021, up ~4% Here's a complet… https://t.co/dBNT7g7T2M
— ET NOW (@ETNOWlive) 1648722496000
Sector Watch: FMCG, media index lead sectoral gainers
Top gainers & losers from Nifty pack
Sensex Heatmap: M&M top performer, RIL worst loser
CLOSING BELL: Sensex snaps 3-day winning run, drops 115 pts; Nifty50 ends March F&O series at 17,465; Adani Power surges 9%
STOCK FOCUS: Dhanlaxmi Bank jumps on RBI nod for opening new branches
Price as on 31 Mar, 2022 03:12 PM, Click on company names for their live prices.
L&T appoints ex-Citi India head Pramit Jhaveri as director
Price as on 31 Mar, 2022 03:00 PM, Click on company names for their live prices.