Sensex today: Tata Steel, Sun Pharma gain most; index ends 73 points higher

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Sensex, Nifty rose on Tuesday, led by financial and IT stocks, but the gains were capped as material stocks such as Vedanta stumbled on losses in Chinese iron ore prices. Investors are also watching out for the US Federal Reserve policy meet that begins later in the day.

The Sensex ended at 32,996, up 73.64 points, while the broader Nifty50 ended at 10,124, up 30.10 points. In the broader market, the BSE Midcap and the BSE Smallcap indices gained 0.2 per cent each. Market breadth, indicating the overall health of the market, remained negative. On the BSE, 1,584 stocks declined, 1,109 stocks rallied, while 162 stocks remained unchanged.

Overseas, Global equities trod water on Tuesday ahead of a US Federal Reserve policy meeting. The MSCI world equity index, which tracks shares in 47 countries, was flat in percentage terms by 0901 GMT, while the pan-European STOXX 600 equity index slipped 0.1 per cent.

On Monday, the indices began on a flat note; but, it was merely a formality to match the opening cues with the global bourses. Immediately, markets got into their own groove and resumed its Friday’s corrective mode. The selling intensified as the day progressed, resulting into a close below the 10,100 mark for the first time since December 06, 2017.

The Sensex settled at 32,923, down 252.88 points, while the broader Nifty50 was ruling at 10,094, down 100.90 points. In the broader market, the BSE Midcap and the BSE Smallcap indices underperformed to lose 1.6 per cent and 1.9 per cent, respectively.

Latest Updates

Tue, March 20, 2018, 15:28 PM

Sensex heatmap at close

Source: BSE

Tue, March 20, 2018, 15:19 PM

Markets at close: Nifty holds 10,100

The Sensex ended at 32,996, up 73.64 points, while the broader Nifty50 ended at 10,124, up 30.10 points.

Tue, March 20, 2018, 15:19 PM

Sugar stocks rally

Shares of sugar companies rose between 3 per cent and 5 per cent in today’s trade. India, the world’s biggest consumer of sugar, scrapped the 20 per cent sugar export tax to help boost overseas sales in a year of production surplus, according to a government source.

Balrampur Chini Mills rises as much as 7.4 pct, while Dalmia Bharat Sugar and Industries jumps up to 4.8 per cent. Dhampur Sugar Mills Ltd and Triveni Engineering and Industries Ltd were up more than 3 per cent. Bajaj Hindusthan Sugar Ltd and Shree Renuka Sugars were little unchanged

Tue, March 20, 2018, 11:56 AM

Market update: Nifty reclaims 10,150, Sensex up 150 points

At 12:05 pm, the Sensex was trading at 33,085, up 161.98 points, while the broader Nifty was ruling at 10,149, up 55.55 points.

 

Tue, March 20, 2018, 11:55 AM

Canara Bank dips 5%

Canara Bank has dipped 5% to Rs 251 on the BSE in early morning trade after a media report suggested that the Central Bureau of Investigation (CBI) has filed a charge sheet against ex-chairman and managing director (ex-CMD) of the state-owned bank.

Tue, March 20, 2018, 11:04 AM

Buzzing stock

Gujarat State Petronet (GSPL) dipped 6 per cent to Rs 178 on the BSE after the company said that its board approved the acquisition of 28.4% stake of Gujarat Gas (GGL) from Gujarat State Petroleum Corporation (GSPCL) by way of an inter-se transfer. GSPL is a subsidiary company of GSPCL.

Tue, March 20, 2018, 11:03 AM

Nifty outlook by Angel Broking

Recently, the ‘200-day SMA’ level of 10140 acted as a sheet anchor and after seeing a small relief rally, our markets started correcting from the resistance zone of 10400 – 10450. Due to today’s sell off, we can see a breakdown below this key long-term moving average as well, which certainly does not augur well for our markets. Now, it’s just a matter of time that we would see Nifty even sliding below 10033 to enter the sub-10000 territory. We would continue with our recent commentary that in-between we may see some relief rallies and hence, one should avoid taking time targets. So, whether a breach of this support would happen in this move or after a small breather that time will confirm. One should remain with the near term trend and should avoid doing any kind of bottom fishing. For the coming session, 10140-10224 would be seen as immediate hurdles.

Momentum traders are advised to keep a close track of 10033. If index manages to trade below it then expect decent downside in the March series itself. But, in case, if index fails to do so, we may see some breather before violating this important junction. One should avoid taking undue risks and should follow strict stop losses.

Tue, March 20, 2018, 09:26 AM

Market breadth

Market breadth, indicating the overall health of the market, remained sharply negative. On the BSE, 1,035 stocks declined, 640 stocks rallied, while 77 stocks remained unchanged.

Tue, March 20, 2018, 09:25 AM

Stocks in news

  • UltraTech Cement, said that it was willing to pay Rs7,266 crore to acquire Binani Industries’ 98.43% stake in its cement unit.
  • Godrej Agrovet eyes palm oil business, may join race to acquire Ruchi Soya
  • Pharma firms under scanner for selling drugs without safety trials. An inquiry has been initiated by CDSCO against Wockhardt and three others.
  • BGR Energy Systems: Says wins 876.8m rupees order from Tantransco
  • Gujarat State Petronet: Approves buying 39m Gujarat Gas shares
Tue, March 20, 2018, 09:16 AM

Sensex heatmap at open 

Source: BSE

Tue, March 20, 2018, 09:15 AM

Markets at open 

At 9:30 am, the Sensex was trading at 32,840, down 82 points, while the broader Nifty50 was ruling at 10,060, down 34 points.

Tue, March 20, 2018, 09:06 AM

FAST MONEY: Key intraday trading ideas for Tuesday

(BUY) ITI 

Target: Rs 117
Stoploss: Rs 110
CMP: Rs 112.05

  • PSU stocks may see positive momentum
  • Govt may sell stakes in loss making PSUs
Tue

Rupee at open

Rupee opens at 65.22 against dollar against Monday’s close of 65.17 per dollar

Tue, March 20, 2018, 09:03 AM

Markets on Monday

The benchmark indices extended losses for the fourth straight session on Monday with the Nifty50 slipping below its crucial 10,100 mark, tracking negative trend in Asian markets as caution gripped investors in a week in which the Federal Reserve is likely to hike US interest rates and perhaps signal that as many as three more lie in store for the rest of the year. All 104 analysts polled by Reuters expected the Fed would raise rates to between 1.5 per cent and 1.75 per cent on Wednesday.

The Sensex settled at 32,923, down 252.88 points, while the broader Nifty50 was ruling at 10,094, down 100.90 points. In the broader market, the BSE Midcap and the BSE Smallcap indices underperformed to lose 1.6 per cent and 1.9 per cent, respectively. Market breadth, indicating the overall health of the market, turned sharply negative. On the BSE, 2,178 stocks declined, 566 stocks rallied, while 167 stocks remained unchanged.

Source zeebiz.com
Via zeebiz.com

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