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Sensex, Nifty Erase Tuesday’s Gains; End 4% Lower

Sensex, Nifty Erase Tuesday’s Gains; End 4% Lower
Graphs depicting pump pressure are illuminated inside of a control room at a Royal Dutch Shell Plc hydraulic fracking site near Mentone, Texas, U.S. (Photographer: Matthew Busch/Bloomberg)
6 years ago
Catch all live updates on share prices, index moves, corporate announcements and more from the Sensex Nifty today.

  • Nifty ends 4 percent lower at 8,253.8
  • Sensex ends 4.1 percent lower at 28,265.3
  • Nifty Bank ends 4.9 percent lower at 18,208.3
  • Nifty Midcap Index ends 2.1 percent lower
  • Nifty Smallcap Index ends 1.6 percent lower
  • India Volatility Index falls 6 percent to 60.52
  • All sectoral indices end with losses
  • Nifty I.T. the top sectoral laggard, down 5.5 percent
  • Nifty FMCG, Nifty PSU Bank index fall over 3 percent
  • Nifty Auto, Nifty Metal and Nifty Pharma fall 2 percent
  • Hero Motocorp ends as the top Nifty gainer, up 2.5 percent
  • Only four out of the 50 Nifty stocks end with gains
  • Tech Mahindra ends as top Nifty loser, down 9.4 percent
  • 937 stocks ended with gains while 822 declined

Indian equity markets fell for the second time in the last three sessions, erasing the gains made on Tuesday.

The S&P BSE Sensex ended 4.1 percent lower at 28,265. The index had gained 3.6 percent on Tuesday. 27 out of the 30 index constituents ended the day with losses.

The NSE Nifty 50 ended 4 percent lower, erasing Tuesday's 3.8 percent surge at 8,253.80. As compared to the Sensex, the Nifty had 4 stocks that ended with gains.

All sectoral indices ended lower, led by the Nifty I.T. index, which fell 5.5 percent. The FMCG and Media index fell over 3 percent while others fell between 1-2 percent.

However, market breadth remained in favour of the advances. 937 stocks ended the day with gains while 822 posted declines.

Shares traded 4.6 percent lower at Rs 281 on the National Stock Exchange.

Shares fell as much as 7.2 percent to Rs 1,844.25 on the National Stock Exchange.

  • Suprajit Engineering: Snaps 3-day losing streak after HDFC MF acquired 2.14 percent stake in the company
  • Biocon: Malaysia facility gets EIR from U.S. FDA
  • Spicejet: Implements pay cut for its top and mid-level employees
  • GM Breweries: Gets license to manufacture hand sanitisers from the Food and Drug Administration of the state of Maharashtra

  • Sell Cholamandalam for target of Rs 130 and stop loss of Rs 146
  • Sell Bandhan Bank for target of Rs 186 and stop loss of Rs 200

Active Stock Options

  • Reliance Industries 1,200 Call: Premium falls 35.4 percent to Rs 37.25. The contract has shed 29,000 shares in open interest.
  • State Bank of India 180 Put: Premium rises 18.9 percent to Rs 17. The contract has added 4.71 lakh shares in open interest.
  • IndusInd Bank 300 Put: Premium falls 10 percent to Rs 59.80. The contract has shed 50,000 shares in open interest.

March Auto Sales Live: Ashok Leyland Drops 90%, Maruti Suzuki Falls 47%

Here is a look at how indices across Europe are faring:

  • Euro Stoxx 50 down 2.9 percent at 2,706
  • DAX down 2.5 percent at 9,686
  • CAC down 3.3 percent at 4,252
  • FTSE 100 down 3.5 percent at 5,475
  • IBEX 35 down 1.7 percent at 6,667

The stock trades 6.9 percent lower at Rs 184.

  • Sixth straight day of losses
  • Down 20 percent in last six sessions
  • Down 51 percent from 52-week high of Rs 2,125 on February 25, 2020
  • Trades at lowest level since December 2016
  • Volumes at 1.1x its 30-day average
  • Relative Strength Index (RSI) at 27; indicating stock may be oversold
  • 23 out of the 26 analysts tracked by Bloomberg have a 'buy' recommendation
  • Return potential of the stock as per Bloomberg data now at 72 percent

  • Gains for sixth day in a row
  • Up 28 percent in last six sessions
  • Longest losing streak since July 2019
  • Locked in an upper circuit of 5 percent
  • Fifth upper circuit in last six sessions
  • Snapped a nine-day losing streak on Wednesday, March 25
  • Fell 52 percent during the nine-day losing streak
  • 12 out of the 13 analysts tracked by Bloomberg have a 'buy' recommendation
  • Return potential of the stock as per Bloomberg data is at 111 percent

Coronavirus India Updates: Total Covid-19 Cases Rise To 1,397, Death Toll At 35

  • Benchmark indices remain near day's low
  • Nifty down 3.6 percent at 8,288
  • Sensex down 3.6 percent at 28,402
  • Nifty Bank down 4.8 percent at 18,238
  • Nifty Midcap Index down 1.9 percent
  • Nifty Smallcap Index down 1.1 percent
  • India Volatility Index down 5.3 percent to 60.94
  • All sectoral indices trade with losses
  • Nifty I.T. and PSU Banking index down 3 percent each
  • Nifty Auto, Media, Metal and Pharma Index down 2 percent
  • Kotak Mahindra Bank remains top Nifty loser, down 9.2 percent
  • 829 stocks are advancing while 845 trade with losses

Shares are trading 1.2 percent higher at Rs 1,616, up for the second day in a row.

Shares are trading 2.3 percent lower at Rs 42 on the National Stock Exchange.

Shares are up for the second straight day, but off the day's high at Rs 257.55, up 3.4 percent.

Shares of City Gas Distributors - IGL, MGL and Gujarat Gas too were trading with losses of over 1 percent.

Shares are off the day's high but trade 5.6 percent higher at Rs 326.35 on the National Stock Exchange.

Nifty Bank: April 1 Expiry

  • 19,000 Call: Premium falls 93.1 percent to Rs 30.2. The contract has added 6.66 lakh shares in open interest.
  • 18,000 Put: Premuium falls 33.4 percent to Rs 58.65. The contract has added 3.92 lakh shares in open interest.
  • 19,500 Call: Premium falls 98.3 percent to Rs 3.85. The contract has added 5.1 lakh shares in open interest.

Shares trade 2.3 percent higher at Rs 4,375 on the National Stock Exchange, snapping a four-day losing streak.

  • Benchmark indices extend their losses
  • Nifty down 2.3 percent at 8,400
  • Only two Nifty constituents - IndusInd Bank and Britania trade with gains
  • Sensex down 2.3 percent at 28,793
  • Nifty Bank down 3.2 percent at 18,535
  • Nifty Midcap Index down 0.8 percent
  • Nifty Smallcap Index down 0.6 percent
  • India Volatility Index down 4.8 percent to 61.29
  • All sectoral indices trade with losses
  • Nifty Auto, I.T., Metal and PSU Banking Index fall over 2 percent each
  • Nifty FMCG gives up early gains, trades 0.8 percent lower
  • IndusInd Bank, top Nifty gainer but off the day's high, up 2 percent
  • Kotak Mahindra Bank top Nifty laggard, down 8 percent
  • 842 stocks are trading with gains while 707 are declining

Shares however have cooled off from their opening highs and trade 2.53 percent higher at Rs 533.45.

The closing of the U.S. FDA inspection of our Malaysia facility is an important milestone in our journey of developing Insulin Glargine for patients in the U.S. Our application for Insulin Glargine, filed by our partner Mylan is currently under review.
Biocon Statement

IndusInd Ltd., Mauritius is now a debt free entity, the bank's notice to the exchanges said.

The bank also expressed concerns about the retail unsecured business. “Generally, the recovery infrastructure is set up to handle up to 5-7 percent of default rate, but in times like these, it may rise to 15 percent,” the bank said.

762 stocks have begun the trading day with gains while 613 stocks are declining.

Jim Rogers Expects ‘Worst Bear Market in My Lifetime’ in Coming Years

  • Buy Hindustan Unilever for target of Rs 2,430 and stop loss of Rs 2,220
  • Sell PNB for target of Rs 28 and stop loss of Rs 34

  • Sell Nifty futures on rise to 8,700 - 8,750 for target of 8,300 and stop loss of 8,900
  • Sell Infosys futures at Rs 645 for target of Rs 610 and stop loss of Rs 662
  • Sell Max Financial futures at Rs 388 for target of Rs 365 and stop loss of Rs 400

Find out all that you need to know going into today’s trading session here.

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