Stock Market Today LIVE Updates: Sensex trades 200 points lower, Nifty holds 18,000; ITC, TCS rise 2%; br… – Economic Times

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JUST IN: KEC International bags orders worth Rs 945 crore

Price as on 05 Apr, 2022 02:56 PM, Click on company names for their live prices.

JUST IN: Mindtree to acquire 6.64% stake in Cope Healthcare Consulting

Price as on 05 Apr, 2022 02:40 PM, Click on company names for their live prices.

BLOCK DEAL: 32 lakh shares of Adani Power change hands; stock hits 10% upper circuit

Price as on 05 Apr, 2022 02:23 PM, Click on company names for their live prices.

DB Realty has entered into Memorandum of Understanding(s) (MOU) with Shiva Group Companies to acquire entire equity shares of Shiva Group Companies from its existing shareholders.

Price as on 05 Apr, 2022 02:16 PM, Click on company names for their live prices.

Technically, the Nifty has reached closer to the trendline resistance and a decisive close above 18,150 would pave for a further surge towards the 18,350-18,600 zone. In case of a decline, 17,600 & 17,200 zone would act as crucial supports. Considering the trend, we advise continuing with a positive bias and focusing on a stock-specific trading approach.

– Religare Broking

Why is Nifty at 18000 despite all the headwinds?

What has probably happened is that markets have started to treat this whole thing as a little more temporary or transient at least as far as some of the geopolitical premiums on commodity prices are concerned. We have seen some bit of clawback of commodity prices in the recent past and that is providing some relief.

India has taken some of the fuel price hikes etc. and maybe there will be some see through of inflation as we go into the next few weeks. But broadly, the market probably wants to still believe that peak inflation this time around would be relatively lesser compared to what it has been in the past weeks.

If inflation is largely a function of money supply, then it stands to reason that we may not necessarily have as much of inflation over a cycle compared to what many developed markets are probably countering or likely to counter at this stage. That is where the recovery has been pretty swift and fast, much better than most of our expectations.

— Taher Badshah, CIO, Invesco Mutual Fund

Oil rally limits losses for European shares

European shares were trading flat on Tuesday, as a rally in oil prices on the prospect of more sanctions against crude exporter Russia lifted energy stocks and helped offset losses in banks and industrial stocks. The pan-European STOXX 600 index was up 0.1% at 0710 GMT, after two days of gains.

Board of Directors of Suven Pharmaceuticals Limited (SPL) in its meeting held today has approved the investments by way of purchase of entire share capital from the existing shareholders of Casper Pharma a Hyderabad based SEZ company engaged in formulations business. Post purchase of shares, the target entity would become a wholly owned subsidiary of SPL.

Price as on 05 Apr, 2022 01:33 PM, Click on company names for their live prices.

Larsen & Toubro (L&T) on Tuesday said its transportation infrastructure business has secured various orders from prestigious clients. The company did not provide the value of the contracts, but said the orders fall under the “significant” category, which ranges between Rs 1,000 crore and Rs 2,500 crore according to the classification of contracts.

Price as on 05 Apr, 2022 01:27 PM, Click on company names for their live prices.

Sensex today live: Index off day’s low

Sensex today live: Index off day's low

Passenger vehicle retail sales dip 5 pc in March to 2,71,358 units: FADA

Domestic passenger vehicle retail sales in March declined by 4.87 per cent to 2,71,358 units, as compared to the same month last year, automobile dealers’ body FADA said on Tuesday. According to the Federation of Automobile Dealers Associations (FADA), PV sales stood at 2,85,240 units in March 2021. “Passenger vehicles continue to see high demand and long waiting periods as semiconductor availability still remains a challenge, even though supplies slightly improved from previous month,” FADA President Vinkesh Gulati noted.

Lupin: US FDA concludes inspection at Tarapur with 4 observations

  • The US FDA has concluded an inspection at the Company’s Tarapur manufacturing facility. The inspection was carried out between March 22, 2022 and April 4, 2022. The inspection closed with four observations.

  • We are confident of addressing the observations to the US FDA’s satisfaction. We are committed to adherence and full compliance with CGMP regulations and uphold the highest quality standar;ds across our manufacturing sites.
  • The stock was trading nearly 1% lower following the news

Lupin: US FDA concludes inspection at Tarapur with 4 observations

Buzzing stocks: Cement stocks rally up to 6%

Price as on 05 Apr, 2022 12:51 PM, Click on company names for their live prices.

Ashish Kacholia picks stake in this smallcap chemical player in Q4

Marquee investor Ashish Kacholia picked stake in smallcap stock Fineotex Chemical during the quarter ended March 31, 2022, suggests the latest regulatory filing. According to the latest shareholding pattern filed by Fineotex Chemical, Kacholia held 20,42,534 equity shares or a 1.84 per cent stake in the company. His name was missing from the key shareholders’ list at the end of the December 2021 quarter. Shares of the company have risen 30 per cent in the recently concluded quarter from Rs 138.45 at the end of Q3 to Rs 180.10 at the end of Q4.

Top 5 gainers from the retail sector

Price as on 05 Apr, 2022 12:22 PM, Click on company names for their live prices.

Though the test of 18100 sparked a brief long liquidation spree, bargain hunting from 17900 vicinity has kept the uptrend intact, keeping the 18300 objective in play for today. The oscillators that appeared reluctant yesterday, are in a position to allow for more upsides encouraging us to look much beyond 18300, before exhaustion signals may be considered.

– Anand James – Chief Market Strategist at Geojit Financial Services

Market live updates: Nifty in the red but holds 18,000 level

Market live updates: Nifty in the red but holds 18,000 level

The RBI MPC meets at a time when outbreak of war has seen a spike in most commodities pack. Oil is on a boil, gold continues to sizzle, inflation is way too nimble. The growth – inflation debate is likely to hog center stage yet again in the upcoming policy meet. While inflation guidance could see upward revision, we may not see any abrupt rise in benchmark rate. The way to normalization which started off with liquidity, could next move on to narrowing of repo/ reverse repo corridor and/or change in stance from accommodative to neutral. Repo rate hikes could wait for now.

– Lakshmi Iyer, CIO (Debt) & Head Products, Kotak Mutual Fund

Sensex today live: Index trades 200 points lower in late morning session

Sensex today live: Index trades 200 points lower in late morning session

Tweet Buster!

Stock Market LIVE: Rupee trades in narrow range against US dollar in early trade

The rupee started on a flat note on Tuesday tracking the strength of the dollar in the overseas market and elevated crude oil prices. At the interbank foreign exchange, the rupee opened at 75.54 against the American dollar and moved in a narrow range. It touched an early high of 75.47 in initial deals. On Monday, the rupee started the financial year 2022-23 on a bullish note. It spurted 21 paise to close at a one month-high of 75.53 against the US dollar.

IPO CHECK: Hariom Pipe issue subscribed over 3 times on last day

IPO CHECK: Hariom Pipe issue subscribed over 3 times on last day

Stock Market LIVE: Shares of Zomato tumbled in early trade Tuesday as the Competition Commission of India ordered an investigation against the online food delivery platform following a complaint filed by National Restaurant Association of India that alleged contravention of rules.

Price as on 05 Apr, 2022 10:24 AM, Click on company names for their live prices.

Expert Take: Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

Propelled by the proposed HDFC-HDFC Bank merger Nifty is now just 3% short of all-time highs. It is important to appreciate the fact that this surge in the market is not supported by fundamental positive developments in the economy. The underperformance of banking stocks, particularly HDFC twins, is getting corrected by the proposed merger which is a win-win for all stakeholders. Market valuations are getting stretched and, therefore, investors have to exercise caution.

Crude has again risen to $109 and inflation for FY23 is sure to cross RBI’s target putting pressure on the central bank to raise rates and move away from accommodative to a neutral policy stance. The rate hike may not come in the April 8th policy announcement but in the June meet. The market will be looking forward to the RBI Governor’s comments on the evolving economic and inflation scenario.

Block deal Alert: Approx 3.33 crore shares of SBI Card changed hands

SBI Card shares declined over 3% after a block deal wherein over 3 crore shares changed hands.

Block deal Alert: Approx 3.33 crore shares of SBI Card changed hands

BSE SMALLCAP index rallies nearly 1%

Here are the top gainers & losers from the pack

BSE SMALLCAP index rallies nearly 1%

YES Bank, Vodafone Idea, Federal Bank among most active stocks on NSE

Price as on 05 Apr, 2022 09:26 AM, Click on company names for their live prices.

Sensex heatmap at opening tick

16 of 30 index stocks in the green in opening deals, with M&M as best performer and Bajaj Finance as worst

Sensex heatmap at opening tick

OPENING BELL: Sensex drops 120 points, Nifty below 18,050; SBI Card tanks 3%, BEML rises 3%

Pre-open session: Sensex rises 200 points, Nifty above 18,050

Oil rises as uncertainty around supply persists

Oil futures rose in early trading on Tuesday as the potential for more sanctions following alleged war crimes by Russian troops in Ukraine added to concerns about supply disruptions, while Iran nuclear talks stalled. Brent crude futures were up $1.58, or 1.5%, to $109.11 a barrel, while US West Texas Intermediate futures were up $1.61, or 1.6%, to $104.89 a barrel.

SGX Nifty signals a positive start

Nifty futures on the Singapore Exchange traded 90 points, or 0.5 per cent, higher at 18,187, signaling that Dalal Street was headed for a positive start on Tuesday.

Tech View: Nufty50 bulls eye further gains

Nifty50 on Monday took out the 18,000 level with ease and formed a long bullish candle on the daily chart after a gap-up start, suggesting a strong positive momentum. Analysts said that more upside is possible.

Tokyo shares give up gains on profit-taking

Tokyo shares opened higher Tuesday following gains on Wall Street led by tech giants, but soon receded on profit-taking, with investors cautious over uncertainties linked to Ukraine. The benchmark Nikkei 225 index initially climbed at the open, but dipped 0.11 percent, or 31.91 points, to 27,705.28 in early trade. The broader Topix index fell 0.26 percent, or 5.08 points, to 1,948.55.

Asian markets closed for holidays

Financial markets in China, Hong Kong and Taiwan are closed on Tuesday for public holidays.

US stocks settled higher

Wall Street’s three major equity indexes rose about 1% on the average with shares of Twitter, particularly, outperforming on news that flamboyant tech-entrepreneur and influencer Elon Musk had become the largest shareholder in the microblogging site. The Nasdaq Composite closed up 271 points, or 1.9%, at 14,533. The S&P500 finished up 38 points, or 0.8%, at 4,584. The Dow Jones Industrial Average settled up 104 points, or 0.3%, at 34,922.

Rupee surges 21 paise to 75.53 against dollar

Starting the financial year 2022-23 on a bullish note, the rupee spurted 21 paise to close at a one month-high of 75.53 against the US dollar on Monday, supported by a firm trend in domestic equities and foreign fund inflows. At the interbank forex market, the local unit opened at 75.77 against the greenback and witnessed an intra-day high of 75.42 and a low of 75.79. It finally ended at 75.53, registering a rise of 21 paise over its previous close.

Sensex, Nifty on Monday

The Sensex vaulted 1,335 points while the Nifty shot past the 18,000-mark on Monday, fuelled by index heavyweights HDFC twins which soared almost 10 per cent after announcing corporate India’s biggest merger. The 30-share BSE Sensex darted up 1,335.05 points or 2.25 per cent to close at an over two-month high of 60,611.74. Likewise, the broader NSE Nifty jumped 382.95 points or 2.17 per cent to 18,053.40.

Watch this space as we bring you LIVE updates of the day’s proceedings from Dalal Street.

Watch this space as we bring you LIVE updates of the day's proceedings from Dalal Street.

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