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Sensex, Nifty Post Best Three-Day Rally Since May 2009

Sensex, Nifty Post Best Three-Day Rally Since May 2009
The Bombay Stock Exchange in Mumbai, India (Photographer: Dhiraj Singh/Bloomberg)
6 years ago
Catch all live updates on share prices, index moves, corporate announcements and more from the Sensex Nifty today.

Indian equity markets advanced for the third straight day, registering the best three-day rally since May 2009.

The S&P BSE Sensex ended with gains of 4.9 percent at 29,946, up 1,260 points. 23 out of the 30 stocks ended the day with gains. The index has advanced 15.2 percent in the last three days.

The NSE Nifty 50 index ended 3.89 percent higher at 8,641. 38 out of the 50 stocks ended with gains. Today's move takes Nifty's 3-day advance to 13.7 percent.

Among sectoral indices, all sectors ended with gains with the Nifty Realty index being the top performer with gains of 7 percent.

1,275 stocks ended the trading day with gains, while 503 stocks posted losses.

  • Buy L&T around Rs 820 - 825 for target of Rs 950 and stop loss of Rs 775
  • Buy Bata India around Rs 1,220 for target of Rs 1,320 and stop loss of Rs 1,170

  • Nifty April futures add 50.7 percent in open interest and 37.3 lakh shares
  • Nifty Bank April futures add 49.8 percent in open interest and 2.33 lakh shares

European stocks retreated with U.S. equity futures and most Asian shares on Thursday as investors looked past stimulus packages to the mounting human impact of the coronavirus outbreak.

The Stoxx Europe 600 Index dropped at the open led by energy companies and miners after two days of gains.

European sovereign debt rose after the region’s central bank announced it will scrap limits on bond purchases for its emergency program in a landmark decision that gives it almost unlimited firepower to fight the economic fallout from the pandemic. The euro strengthened.

  • Benchmark indices significantly off day's high
  • Nifty up 1.7 percent at 8,459
  • Sensex up 1.94 percent at 29,090
  • Nifty Bank up 3.4 percent at 19,112
  • Nifty Midcap Index up 2.5 percent
  • Nifty Smallcap index up 3 percent
  • India Volatility index down 6.9 percent at 72.26
  • Most sectoral indices cool off from day's high
  • Nifty Metal index turns negative; down 0.4 percent
  • Nifty Auto, I.T., Media index up 1 percent each
  • Nifty Pharma index up 2.2 percent
  • Nifty Realty index top sectoral gainer; up 6.5 percent
  • 1,298 stocks advance while 444 stocks are declining

  • Shares of the tyre manufacturer are up for the second straight day.
  • Currently trades 10.8 percent higher at Rs 689
  • Sees biggest one-day gain since February 16, 2015
  • Snapped six-day losing streak on Wednesday, ending with gains of 0.1 percent
  • Made a 52-week high of Rs 1,153.4 on April 1, 2019; prices since then have fallen 48 percent
  • Fell to its lowest level since 2015 on March 24, 2020

Other highlights of the press note include:

  • Pre-open session for cancellation of orders with GTC/GTD validity will commence 15 minutes prior to start of trade.
  • No evening session to be available on April 2, 6 and 14.
  • No change in staggered delivery tender period for any commodity

Nirmala Sitharaman Press Conference Live: Government Announces Direct Transfer, Food Measures Under Rs 1.7 Lakh Crore Scheme

  • Stock gains for the second straight day
  • Currently trades 16.8 percent higher at Rs 245.75
  • Gains most since December 3, 2008
  • Up 28 percent in two sessions
  • Biggest two-day move since December 4, 2008
  • Adds Rs 2,728 crore in market cap in last two sessions

  • Stock snaps eight-day losing streak
  • Falls over 50 percent in the last 9 sessions
  • Made a 52-week high of Rs 210.5 on June 4, 2019; prices have fallen 85 percent since then
  • As of Wednesday's close, the prices were at their lowest level since April 2014.
  • Currently locked in a 5 percent upper circuit at Rs 33.25

  • Nifty up 3.73 percent at 8,628
  • Sensex up 4.22 percent at 29,741
  • Nifty Bank up 7.9 percent at 19,943
  • Nifty Midcap index up 3.25 percent
  • Nifty Smallcap index up 2.9 percnt
  • India Volatility index down 5.5 percent to 73.31
  • All sectoral indices trade with gains
  • Nifty Realty index up 7.1 percent, the most since April 2017
  • Nifty Pharma, Nifty I.T. and Nifty PSU Bank up over 2 percent each
  • IndusInd Bank remains top Nifty gainer - up 40 percent, the most since listing
  • NTPC and GAIL remain top Nifty losers, down 3 percent each
  • 1,310 stocks trade with gains while 389 stocks are declining

L&T Faces Risk Of Missing Full-Year Order Guidance Amid Virus Turmoil

‘Lockdown Blues’ Spur Citi to Cut India Stock Index Target

Nifty Bank: March 26 Expiry

  • 20,000 Call: Premium up 213.4 percent to Rs 319.35. The contract has added 93,600 shares in open interest.
  • 21,000 Call: Premium up 47.2 percent to Rs 48.65. The contract has added 1.8 lakh shares in open interest.
  • 20,500 Call: Premium up 125.72 percent to Rs 132.95. The contract has added 2.2 lakh shares in open interest.

  • Nifty up 3.98 percent at 8,645
  • Sensex up 4.18 percent at 29,729
  • Nifty Bank up 6.8 percent at 19,721
  • Nifty Midcap and Smallcap index gain 3.7 percent each
  • All sectoral indices trade with gains
  • Nifty Auto, I.T., Metal and Pharma gain over 2 percent each
  • India Volatility index down 5.7 percent to 73.20
  • IndusInd Bank the top Nifty gainer; up 25 percent - the biggest single-day gain since listing.
  • GAIL and Indian Oil are the top Nifty laggards; down 1 percent each
  • 1,271 stocks are trading with gains while 346 stocks are declining

How IndusInd Bank Was Caught In A Perfect Storm

Why Damani Family Is Betting On India Cements When Analysts Aren’t

Indian equity markets opened higher for the third straight day, despite mixed cues emerging from the Asia Pacific.

The S&P BSE Sensex opened 1.92 percent higher at 29,083, while the NSE Nifty 50 too opened with 1.72 percent gains at 8,460.

India Volatility Index fell another 3 percent to 75.27.

Among sectoral indices, most of them are subdued at open, barring Nifty I.T. which is up over 2 percent and Nifty Pharma which is gaining 1.2 percent.

Market breadth is in favour of advances. 803 stocks have opened with gains while 592 stocks are declining in opening trades.

  • Buy Nifty above 8,360 for target of 8,550-8,600 and stop loss of 8,200
  • Buy Titan for target of Rs 935 and stop loss of Rs 840
  • Sell CESC futures for target of Rs 355 and stop loss of Rs 390

  • Buy Nifty futures on dips to 8,100 for target of 8,500 and stop loss of 7,900
  • Sell Infosys April futures on rise to Rs 625 for target of Rs 575 and stop loss of Rs 650

Find out all that you need to know going into today’s trade and about the companies impacted due to the Covid-19 outbreak HERE!

India’s Three-Week Lockdown Ripples Through Metal Sector

  • Benchmark indices post their first two-day gain since February 12
  • S&P 500 saw its biggest two-day gain since November 2008 while the Dow Jones' two-day advance was the most since 1987.
  • The Dow Jones still remains 25 percent lower from its record high in February.
  • Markets ended off the highest point of the day after Vermont senator Bernie Sanders threatened to hold up the stimulus bill unless the objections raised to it were dropped.
  • Yield on the 10-year treasury was little changed at 0.84 percent

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