Share Market HIGHLIGHTS: Sensex ends 526 pts higher, Nifty leaps to 22,124 led by oil & gas, financial stocks
Share Market Today LIVE: Domestic equity benchmarks Nifty 50 and Sensex rebounded in early trade on Wednesday supported by buying in financial, oil & gas stocks. Catch minute-by-minute updates of all the action in the Indian share market today, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stocks to buy and trade recommendations only on Zeebiz.coms blog.
Share Market Today LIVE: Domestic equity benchmarks Nifty 50 and Sensex rebounded in early trade on Wednesday supported by buying in financial, oil & gas stocks.
Catch minute-by-minute updates of all the action in the Indian share market today, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stocks to buy and trade recommendations only on Zeebiz.com's blog:
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Share Market Today LIVE: Sensex ends 526 pts higher but 4 pts shy of 73,000, Nifty50 leaps to 22,124 led by oil & gas, financial stocks
NSE indices semi-annual adjustment due today; analysts peg Shriram Finance inflows at Rs 1,570 crore
A semi-annual rejig of key NSE indices is due at the end of the day’s trade on Wednesday, March 27, which will see non-banking financial company Shriram Finance replace agrochemicals producer UPL in the headline Nifty 50 index. Stock exchange NSE announced the changes, spanning a host of indices including Nifty50, Nifty Next50, Nifty 100, Nifty Midcap 100, Nifty Nifty Smallcap 100, and Nifty 500, on February 28.
HPCL, BPCL, IOCL gain as Citi remains bullish on OMCs; Mahanagar Gas also rises
Shares of oil marketing companies (OMCs) such as BPCL, IOCL, and HPCL rose in the morning deals on March 27 after Citi remained bullish on the companies, despite 70 per cent to 80 per cent up moves in these counters in the past six months.
The brokerage believes that OMCs will benefit from a discernible shift in the government's stance towards public sector undertakings (PSUs).
Share Market Today LIVE: Buy PIX Transmissions shares, says Vikas Sethi
Vikas Sethi of Sethi Finmart suggests buying PIX Transmissions shares for a target price of Rs 1,400 with a stop loss at Rs 1,295.
Share Market Today LIVE: Buy Arvind Fashions stock, says Sumeet Bagadia
Sumeet Bagadia of Choice Broking recommends buying Arvind Fashions shares for targets of Rs 460 and Rs 470 with a stop loss at Rs 430.
Share Market Today LIVE: Buy HUDCO shares, says Vikas Sethi
Vikas Sethi of Sethi Finmart suggests buying HUDCO shares for a target price of Rs 205 with a stop loss at Rs 180.
Japan’s yen hits 34-year low: Check out the three Indian stocks that stand to benefit
The weakness in Japan’s domestic currency, the yen, which hit its 34-year low in Wednesday’s session (March 27), is said to bode well for three Indian auto and auto ancillary companies, including Maruti Suzuki, Lumax Industries, and JTEKT India.
During the session, the yen traded at 151.97 per dollar, down about 0.2 per cent as per a Reuters report, tumbling to its lowest level since 1990.
Wockhardt shares locked in 5% upper circuit after its Rs 480 crore QIP issue
Shares of the small-cap pharma major Wockhardt were locked in the 5 per cent upper circuit at Rs 555.8 apiece on the BSE in Wednesday's session (March 27, 2024) as the company amassed Rs 480 crore via the QIP (qualified institutional placement) issue.
On the previous day, the stock closed at Rs 529.35 apiece on the BSE.
Precious metals trade flat; yellow metal above Rs 66,150; white metal above Rs 74,400
Domestic precious metal futures on Wednesday traded flat as investor focus shifted to US data later this week that could influence the nation’s monetary easing trajectory.
Last seen, MCX gold futures (Apr 5) were flat with a positive bias at Rs 66,153 per 10 grams at the last count, having traded between Rs 66,077 and Rs 66,204 earlier in the day. MCX Silver futures (May 5) were flat with a negative bias Rs 74,469 per kg.
Prataap Snacks zooms over 16% after production begins at its Jammu and Kashmir unit
Prataap Snacks skyrocketed by over 16 per cent on BSE on Wednesday (March 27,2024) a day after production started at its Jammu and Kashmir unit.
After closing at Rs 951.60 on Tuesday (March 26, 2024), the stock opened at Rs 1106.70, which was a 16.29 per cent upside.
Angel One soars over 6% after stockbroking firm launches QIP
Angel One shares dipped in the morning session but made a fast recovery to go higher by over six per cent on BSE on Wednesday (March 27, 2024) after it launched its Qualified Institutions Placement (QIP) offer.
The stock, which opened at Rs 2748.95 on Wednesday after the previous close of Rs 2727.60, dipped by 2.69 per cent minutes after the trading session started.
Sanofi India, Cipla shares rise on exclusive distribution tie-up
Shares of pharmaceutical companies Sanofi India and Cipla gained on Wednesday, March 27, after the firms announced an exclusive distribution tie-up for expanding the reach of Sanofi’s Central Nervous System (CNS) portfolio, including its six brands.
Sanofi India shares surged as much as 3.77 per cent to the day's high of Rs 7,999 in early morning deals on the NSE. At 9:41 AM, the counter traded 2.35 per cent higher at Rs 7,889.25 on the NSE.
What brokerages make of Crompton Greaves, ABB India, Indian Oil, BPCL, other stocks today
As Dalal Street enters the March 27 session, brokerages have a dozen stocks on their radar. Here's what Jefferies, UBS, JPMorgan, Citi, CLSA, HSBC, Nomura and Bernstein make of stocks such as Crompton Greaves, ABB India, oil marketing companies (OMCs), Banking and pharmaceuticals.
Share Market Today LIVE | Sensex reclaims 73,000 mark led by buying in financial and oil & gas stocks
Stocks to Buy | HDFC Life, Polycab, Colgate-Palmolive among analysts' top picks
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Rakesh Bansal, Kunal Saraogi, Ambareesh Baliga and Vishvesh Chauhan share their top stock recommendations in this special segment, Pick of the Day.
On the top analysts' 'buy' list are stocks such as HDFC Life, Polycab, Colgate-Palmolive and IndiaMart-InterMesh. Read more
Share Market Today LIVE | Nifty Bank over 150 pts off day's high
Source: NSE
Share Market Today LIVE: AAVAS Financiers, HLE Glascoat, TCI Express, Vinati Organics hit 52-week lows
Stock LTP 52-week low Previous 52-week low AAVAS 1,322.00 1,315.00 1,318.30 (26 Mar 2024) HLEGLAS 423 421.45 430.00 (26 Mar 2024) TCIEXP 1,004.40 997.5 998.45 (14 Mar 2024) VINATIORGA 1,550.00 1,550.00 1,551.00 (26 Mar 2024) Share Market Today LIVE: Zomato, Bajaj Auto, Bosch, Cummins, DMart, Dixon, Manking Pharma, Siemens hit 52-week highs
As many as 22 stocks in the BSE 500 universe have reached the milestone:
Stock LTP 52-week high Previous 52-week high ABB 6,285.55 6,341.00 6,020.95 (22 Mar 2024) BAJAJ-AUTO 9,091.25 9,144.25 9,050.50 (22 Mar 2024) BOSCHLTD 30,689.50 30,830.00 30,770.90 (26 Mar 2024) CGPOWER 538.9 549.85 549.65 (21 Mar 2024) CUMMINSIND 3,010.70 3,013.10 2,985.00 (26 Mar 2024) DIXON 7,362.40 7,385.85 7,284.85 (26 Mar 2024) DMART 4,468.10 4,531.50 4,522.85 (26 Mar 2024) GPPL 217.2 224 219.00 (26 Mar 2024) INDIGO 3,526.70 3,535.95 3,509.40 (26 Mar 2024) KEI 3,523.95 3,590.00 3,500.60 (26 Mar 2024) LAXMIMACH 15,414.10 15,900.00 15,501.00 (01 Sep 2023) MANKIND 2,312.45 2,341.50 2,297.00 (08 Feb 2024) MARUTI 12,512.00 12,560.20 12,423.45 (22 Mar 2024) OFSS 8,812.75 8,872.50 8,810.00 (26 Mar 2024) PIDILITIND 3,024.05 3,034.30 3,010.00 (26 Mar 2024) SIEMENS 5,329.35 5,346.60 5,113.00 (26 Mar 2024) STARCEMENT 234.5 241.85 235.35 (22 Mar 2024) THERMAX 4,128.25 4,156.00 4,143.30 (26 Mar 2024) TORNTPOWER 1,487.90 1,497.00 1,444.65 (26 Mar 2024) TRITURBINE 551.85 558.95 549.00 (26 Mar 2024) ZOMATO 184.55 188.95 183.50 (26 Mar 2024) ZYDUSLIFE 1,014.25 1,030.15 1,028.45 (26 Mar 2024) Aster DM Healthcare Block Deal | Stock plunges 6% as 9.8% equity changes hands
Aster DM Healthcare shares plunge 5.94 per cent lower at Rs 410.7 on BSE as 4.9 crore shares, representing around 9.8 per cent equity, in the company changed hands in the healthcare major in a block deal. Private equity player Olympus Capital Asia is the likely seller.
As per a Reuters report, Olympus Capital, which owns about 19 per cent of the hospital chain, was considering a share sale at Rs 400–Rs 437.20 per share. The low end of the range symbolizes an 8.5 per cent discount to the stock's last close and no discount at the upper range. Read moreCDSL Block Deal | Shares fall over 5% as over 7% equity changes hands via block deals
Shares of CDSL trade nearly 5 per cent lower at Rs 1,706. on NSE after 7.4 per cent equity shares, or 77.2 lakh shares, changed hands via multiple block deals. As per reports, Standard Chartered Bank was expected to sell its entire 7.18 per cent stake in the company through a block deal. As per Zee Business research, the floor price for the deal was fixed at Rs 1,672 apiece, which implies a discount of 6.5 per cent from Tuesday's closing. Read more
Share Market Today LIVE | ICICI Securities rises, ICICI Bank falls amid reports of lender influencing shareholders to favour delisting
ICICI Securities rises while ICICI Bank falls on BSE after reports that the lender was calling minority shareholders and asking them to back the plan of the delisting of the former. ICICI Securities will discuss the resolution of the delisting of the company at a virtual meeting today (March 27).
Capital Mind's Deepak Shenoy wrote on X that ICICI Bank's alleged actions if influencing shareholders could result in Sebi scrutiny.
ICICI Bank shares edge higher to trade 0.41 per cent higher at Rs 1,088.5 while ICICI Securities shares trade flat at Rs 739.8, up 0.09 per cent on BSE. Read more
Traders' Diary | Buy, sell or hold strategy on Axis Bank, Infosys, Cipla, Pidilite, Polycab, over a dozen other stocks today
In this edition of Traders' Diary, the Zee Business research team shares exclusive research on 20 stocks that investors and traders can track on Wednesday, March 27, 2024. Check out the complete list of stocks on analysts Kushal Gupta and Varun Dubey's radar.
Here's the complete list of investment and trading ideas for the day:
Kushal Gupta
Buy KEI Industries shares in the cash segment for a target price of Rs 3,575 with a stop loss at Rs 3,430
Sell Wipro futures (April) for a target of Rs 470 with a stop loss at Rs 492
Buy the Rs 1,040 call option (April) of Axis Bank at Rs 37 for a target of Rs 50 with a stop loss at Rs 30
Technical pick: Buy Polycab futures (April) for a target of Rs 5,175 with a stop loss at Rs 5,020
Fundamental pick: Buy ICICI Prudential shares for a target of Rs 720 with a perspective of 12 months. Read more
Share Market Today LIVE | ABB India hits all-time high after UBS ups target price; here is why the brokerage is bullish on the counter
ABB India shares zoom after the tech company got a lift in target price from UBS. The global brokerage has maintained a buy call on the counter with a raised target of Rs 7,550 from Rs 5,380. The revised target implies an upside potential of 27.2 per cent from the previous close. ABB India shares rise as much as nearly six per cent to hit their all-time high of Rs 6,282.45 on the BSE.
Currency Update | Rupee falls 5 paise to 83.34 against US dollar in early trade
Share Market Today LIVE | Nifty traded above 22,050, Sensex up over 150 pts in opening deals
Nifty 50
Source: NSESensex
Source: BSE
Market Outlook | Domestic market could open flat to mildly lower, says Deepak Jasani
Deepak Jasani, Head of Retail Research, HDFC Securities says, "Indian markets could open flat to mildly lower, in line with mixed Asian markets today and despite negative US markets on March 26."
"Nifty could stay in the 21,793-22,180 band in the near-term," he adds.
Stocks to Watch | Indian Hotels, Sanofi India and Religare Enterprises, other stocks
Here are the stocks to watch on Wednesday:
Indian Hotels: The Tata Group company infused S$6.5 million as equity in its wholly-owned subsidiary in the Netherlands.
Sanofi India: The company and Cipla announced exclusive distribution tie-up for expanding the reach of Sanofi’s Central Nervous System (CNS) portfolio including its six brands.
IRFC: The company in an exchange filing informed that Uma Ranade has been entrusted with additional charge as Chairman and MD, IRFC.
Apollo Pipes: The company agreed to acquire at least 53.57 per cent share capital ad voting rights in Kisan Mouldings.
Religare Enterprises: The Enforcement Directorate (ED) seized assets worth Rs 124 crore in Religare Finvest money laundering probe.
CDSL: In the depository, Standard Chartered will pare its entire 7.18 per cent stake at a floor price of Rs 1672 per share, a discount of 6.5 per cent to the current market price. Read more
Share Market Today LIVE | GIFT Nifty futures indicate a lower start ahead on Dalal Street
GIFT Nifty futures — an early indicator of the Nifty 50 index — are down 45.05 points or 0.2 per cent at 22,043.5 ahead of the opening bell on Dalal Street.
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