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Sensex, Nifty End Little Changed; Midcaps Outperform

Sensex, Nifty End Little Changed; Midcaps Outperform
An electronic chart shows the performance of the Ibex 35 index during the last twelve months. (Photographer: Antonio Heredia/Bloomberg)
5 years ago
Catch all live updates on share prices, index moves, corporate announcements and more from Indian stock markets today.  

Indian equities began the March F&O series expiry week on a volatile note, ending little changed but with a negative bias.

The S&P BSE Sensex ended 90 points lower at 49,771 while the NSE Nifty 50 index ended 8 points lower at 14,736. Both benchmark indices fell for the fifth out of the last six trading sessions.

Sectoral indices had a mixed day in today's trade. The Nifty Bank was the top sectoral laggard, ending with losses of 1.6%. Other sectoral laggards in today's session were the PSU Bank index which fell 1.1%, the Media index, which fell 1% and the auto index, which saw a drop of 0.4%.

The outperformers were the defensive plays. The FMCG index ended 1.7% higher while the I.T. gained 1.8%. The Nifty Pharma index too was up 1.6% in today's session. The Nifty Realty index was the top sectoral gainer, ending 2.7% higher.

Broader markets saw the midcap stocks outperform in today's session. The Nifty Midcap index ended 0.8% higher while the Smallcap index was little changed.

The India Volatility Index rose 2.5% today to end at 20.5.

1,065 stocks on the NSE traded with gains while 893 stocks declined.

  • Wilmar International responded to media reports on proposed listing of Adani Wilmar.
  • Wilmar said it regularly evaluates all opportunities across its various businesses with the objective of enhancing shareholder value.
  • No assurance that any transaction will materialise or that any definitive or binding agreement will be reached or that any proposed listing will proceed.
  • From Bloomberg

  • Third best performer on the Nifty Midcap index
  • Gains as much as 6.6% to Rs 1,405
  • Snaps six-day losing streak
  • Today's volumes are more than double its 20-day average
  • One-month implied volatility is 49%
  • Relative Strength Index (RSI) of the stock at 44 after rebounding from oversold levels
  • Eight out of the 19 analysts tracking the stock have a buy recommendation; six sell calls
  • The stock trades 7% higher than its 12-month Bloomberg consensus price target of Rs 1,301.5

Cipla Shares Rise Driven By U.S. Market Share Gains For Key Drug

  • Looks to raise Rs 453 crore through its IPO
  • IPO Opens: March 24
  • IPO Closes: March 26
  • Anchor allotment to be decided on March 23
  • Plans to use IPO proceeds to repay some debt and expand by opening new restaurants
  • IIFL Securities, Axis Capital, Ambit Capital and SBI Capital Markets are managing the IPO

  • Nifty down 0.4% at 14,682
  • Sensex down 0.7% at 49,492
  • Nifty Bank down 2% at 33,478
  • Nifty Midcap index up 0.4%
  • Nifty Smallcap index down 0.2%
  • India Volatility Index up 4% at 20.8
  • PSU Bank index down 1.5% while Auto index down 0.9%
  • Nifty Pharma remains the top sectoral gainer; up 1.7%
  • Nifty FMCG and Nifty I.T. indices up 1.2% each
  • Adani Ports remains the top Nifty gainer; up 4.2%
  • IndusInd Bank remains the top Nifty laggard; down 4.3%
  • 988 stocks on the NSE trade higher while 916 are declining

  • Looks to raise between $200 million and $250 million
  • Aims to fiel draft IPO prospectus by May
  • Intends to hold pre-IPO funding round that can get it a valuation of $700 million.
  • From Bloomberg

India’s Fuel Consumption Falls At Worst Pace In Six Months

NMDC Resumes Iron Ore Price Hikes After A Month

  • Gets LoA for four-laning of Bangalore-Mangalore section including 6-lane flyover at Kalladka town on NH-75.
  • Order won on an EPC basis is worth Rs 1,100 crore inclusive of GST.
  • The project is to be completed within a period of 24 months.
  • Shares gained as much 4.3% to Rs 214.35 post the announcement.

Adani Green Energy Gets Award Letter For 300-MW Wind Power Project; Stock Gains

  • Nifty down 0.3% at 14,695
  • Sensex down 0.5% at 49,625
  • Nifty Bank down 0.8% at 33,892
  • Nifty Midcap index up 0.7%
  • Nifty Smallcap index up 0.1%
  • India Volatility Index up 3.4% to 20.67
  • Nifty Pharma and Nifty Realty remain the top sectoral gainers; up 1.4% and 1.3% respectively
  • Nifty FMCG index gains 0.7% while I.T. and Metal index up 0.6% each
  • Adani Ports is the top Nifty gainer; up 4.1%
  • IndusInd Bank is the top Nifty laggard; down 2.4%
  • 1,095 stocks on the NSE trade with gains while 774 are declining

Aurum Platz Acquires Majesco Promoter Stake, Makes Open Offer

  • Received work order amounting to Rs 153.1 crore from Central Coalfields Ltd.
  • Order to establish MPLS-VPN Network of higher bandwidth on rental basis
  • Order for a period of five years.
  • Shares gained as much as 8.3% to Rs 141.4, post the announcement

Aurum Platz Acquires Majesco Promoter Stake, Makes Open Offer

  • Know how transfer and license agreement for Waste to Energy Technology
  • Thermax Babcock and Wilcox Energy Solutions will design, engineer, manufacture and sell Municipal Solid Waste (MSW) fired waste to energy solutions incorporating SBE's well established grate and boiler technology.

  • Nifty down 25 points at 14,718
  • Sensex down 0.4% at 49,695
  • Nifty Bank down 0.6% at 33,970
  • Nifty Midcap index up 0.4%
  • Nifty Smallcap index up 0.3%
  • India Volatility Index up 2.7% at 20.5
  • Nifty Pharma index is the biggest sectoral gainer; up 1.2%
  • Realty index is the other sectoral gainer; up 1%
  • Nifty FMCG and Metal Indices gain 0.5% each
  • Nifty Media is the top sectoral laggard; down 0.8%
  • Cipla is the top Nifty gainer; up 2%
  • Reliance Industries is the top sectoral laggard; down 1.7%
  • 1,171 stocks on the NSE trade with gains while 623 decline

  • Approves allotment of 3.64 crore equity shares on a preferential basis to Lion Meadow Investments Ltd.
  • Share allotment done at an issue price of Rs 600 per share.
  • Share allotment done as partial consideration other than cash for acquisition of 20% equity of Bharti Telemedia Ltd. from Lion Meadow.
  • Lion Meadow is an affiliate of Warburg Pincus LLC.

Envision Capital’s Nilesh Shah On What Will Propel Small, Mid Caps In Next Few Years

Indian equities began the new trading week little changed as global bond yields remain higher and sentiment across the Asia-Pacific remains mixed.

The S&P BSE Sensex opened 20 points higher at 49,878 while the NSE Nifty 50 index opened seven points lower at 14,736. Both Benchmark indicies posted losses of over 2% last week.

Most sectoral indices have opened flat as well this morning. The Nifty Media index is down 1% while the I.T. index is up 0.3% at the start of trade. The Nifty Bank has opened over 70 points lower while the PSU Bank index is up 0.2%.

Broader markets have opened mixed with the Smallcaps outperforming. The Nifty Midcap index has opened 0.2% higher while the Smallcap index has begun trade with gains of 0.5%.

989 stocks on the NSE have opened with gains while 568 stocks have opened lower.

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