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Sensex, Nifty End Higher; Banks, Midcaps Outperform

Sensex, Nifty End Higher; Banks, Midcaps Outperform
Employees walk through the atrium of the National Stock Exchange of India Ltd. (NSE) building in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)
5 years ago
Catch all live updates on share prices, index moves, corporate announcements and more from Indian stock markets today.  

Indian equities ended higher in another session that saw benchmark indices swing between gains and losses. This is the second instance of the benchmark indices ending higher over the last seven trading sessions.

The S&P BSE Sensex ended 0.56% higher at 50,051 while the NSE Nifty 50 index ended 0.53% higher at 14,814.

Banking stocks were the outperformers in today's session. The PSU Bank index rose to emerge as the top sectoral gainer, with gains of 3%. The Nifty Bank index also rose nearly 600 points or 1.7%. Sentiment for banking stocks received a boost after the Supreme Court lifted the stay granted on classification of Non-performing Assets (NPAs) by banks.

Cement stocks were the other outperformers in today's session with Shree Cement and UltraTech ending as the top two gainers on the Nifty 50 index.

Among other sectoral indices, the Metal index was the top sectoral laggard, ending 0.7% lower while the FMCG index fell 0.4%. Nifty Auto and Nifty Pharma indices ended the session with gains of 0.5% each.

Broader markets had a mixed session with the midcaps outperforming. The Nifty Midcap index ended 0.9% higher while the Smallcap index rose 0.4% at the close of trade.

The India Volatility Index cooled off from the day's high to end 0.84% higher at 20.67.

1,115 stocks on the NSE ended the day with gains while 776 stocks posted losses.

  • To consider proposal for approval for rupee bond borrowing limit.
  • Lender plans to set rupee bond borrowing limit of Rs 8,000 crore for FY22.
  • Shares gained as much as 4.3% to Rs 39 post the announcement.

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  • Nifty up 0.4% at 14,800
  • Sensex up 0.4% at 49,989
  • Nifty Bank up 1% at 33,946
  • Nifty Midcap index up 0.9%
  • Nifty Smallcap index up 0.5%
  • India Volatility Index up 3.3% to 21.2
  • PSU Bank index remains the top sectoral gainer; up 3%
  • Auto index up 0.9% while Realty index gains 0.8%
  • Nifty I.T. and Nifty Pharma indices gain over 0.5% each
  • Titan is the top Nifty gainer; up 3.5%
  • ONGC is the top Nifty laggard; down 2%
  • 1,195 stocks on the NSE trade with gains while 671 are declining

  • An order published on the Supreme Court website said that lenders can resume marking non-performing assets or NPAs.
  • "Interim relief granted earlier not to declare the accounts of respective borrowers as NPA stands vacated," a three-judge panel headed by Justice Ashok Bhushan said in the verdict.
  • The Nifty Bank index is currently trading 0.8% higher at 33,882.

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  • To consider the proposal at its board meeting on March 30
  • Shares gained as much as 14.3% to Rs 506.4 - the highest in nearly two months
  • Stock up for the third straight day on volumes that are 18 times higher than its 20-day average

  • Top gainer on the Nifty Smallcap index
  • Gains as much as 5.5% to Rs 117.75
  • Up for the third straight day
  • Today's volumes are 15% below its 20-day average
  • Stock nearing overbought territory with Relative Strength Index (RSI) at 68
  • All seven analysts tracking the stock have a buy recommendation
  • Return potential of the stock as per 12-month Bloomberg consensus data at 19%

  • Nifty down 3 points at 14,731
  • Sensex down 16 points at 49,755
  • Nifty Bank up 0.5% at 33,767
  • Nifty Midcap index up 0.5%
  • Nifty Smallcap index up 0.1%
  • India Volatility Index up 4.3% to 21.4
  • PSU Bank index remains the top sectoral gainer; up 1.7%
  • Nifty Metal index is the top sectoral laggard; down 0.7%
  • Nifty Auto index up 0.5% while the Media index declines by a similar quantum
  • Shree Cement is the top Nifty gainer; up 2.1%
  • Hindalco is the top Nifty laggard; down 1.8%
  • 1,092 stocks on the NSE trade with gains while 743 are declining

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  • Rejects plea seeking complete waiver of interest during the period of moratorium.
  • Denies request seeking extension of the moratorium period.
  • Waives interest on interest for moratorium period on all loans
  • Rejects plea for sector-wise relief to borrowers on loans

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  • Nifty up 0.5% at 14,810
  • Sensex up 0.4% at 50,000
  • Nifty Bank up 0.8% at 33,868
  • Nifty Midcap index up 1%
  • Nifty Smallcap index up 0.8%
  • India Volatility Index up 3.2% at 21.1
  • Nifty PSU Bank index is the top sectoral gainer; up 1.6%
  • Auto index up 0.9% while Realty index gains 0.8%
  • Adani Ports is the top Nifty gainer; up 4.2%
  • 38 out of the 50 index constituents trade with gains
  • Tech Mahindra & Britannia are the top Nifty laggards; down 0.5% each
  • 1,353 stocks on the NSE trade with gains while 413 are trading lower

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Indian equities have opened little changed this morning after a volatile session on Monday. Sentiment across the Asia-Pacific is mixed.

The S&P BSE Sensex opened 0.2% higher at 49,876 while the NSE Nifty 50 index opened 30 points higher at 14,768. Both benchmarks have declined in five out of the last six trading sessions.

Among the sectoral indices, the PSU Bank index has opened 0.6% higher while the Nifty Bank index is up 150 points or 0.4% at the start of trade.

The Nify Auto index has opened with gains of 0.4% while Nifty I.T. and the Media index have opened with gains of 0.3% each.

Broader markets have opened largely in-line with the benchmark indices. Both Nifty Midcap and Nifty Smallcap have opened with gains of 0.4% each.

1,228 stocks on the NSE have opened with gains while 385 are trading lower.

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