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Share Market Closing Note- Sharetipsinfo

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Share Market Closing Note

After languishing in the red for better part of the day, domestic equity markets zoomed higher in the last hour of trade amid solid buying in Reliance Industries stock, and IT and auto pack.

Indian markets close week on positive note as Sensex gains 174 points,  Nifty 39

The frontline S&P BSE Sensex bounced back 1,059 points from the days low of 56,930 to settle at 57,989, up 697 points or 1.22 per cent. The index had touched an intra-day high of 58,053.

On the NSE, the Nifty50 closed at 17,315.5, up 198 points or 1.16 per cent. The ondex touched an intra-day low of 17,006 and a high of 17,334.

Reliance Industries was among the top gainers today, rising 2.5 per cent on the Sensex. The stock hit an over 2-month high of Rs 2,535 before settling at Rs 2,530. READ MORE

Tech M, Tata Motors, BPCL, ITC, JSW Steel, PowerGrid, Bajaj Auto, Infosys, TCS, Kotak Bank, Bajaj Finserv, Bharti Airtel, Wipro and IndusInd Bank were the other gainers, up in the range of 1 to 4 per cent.

On the downside, HUL, Nestle India, Britannia, and Cipla were the top laggards, slipping between 2 and 3 per cent.

In the broader market, the BSE MidCap and SmallCap indices eked out minor gains of 0.2 per cent each.

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Topic :- Time:12.30 PM

News Wrap Up:

1. Sensex down 250 pts, Nifty nears 17,000; FMCG, realty slide

2. Petrol, diesel price up 80 paise a litre; Rs 50 hike in LPG rates

3. Single-day rise of 1,581 fresh Covid cases, 33 deaths in India

4. Alibaba Group raises buyback to $25 billion to boost slumping stock

5. RIL stock hits over 2-month high in a weak mkt; surges 12% in two weeks

6. Paytm slips 32% in one month, hits new low; tanks 74% from issue price

7. Ratnamani Metals surges 7% on winning Rs 591 crore-line pipe order

8. NDTV zooms 47% in 5 days; stock hits highest level since October 2008

9. Voltas stock to gain from improving demand led by rising temperatures

10. RBI to conduct two VRRR auctions worth Rs 1.5 trillion on Tuesday

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Topic :- Nifty Opening Note

Indian Stock Market Trading View For 22 March,2022:

Global cues to dictate trend. Nifty to turn volatile as the day progresses. Traders are advised to trade in small quantity and should follow market trend.

Nifty spot if manages to trade and sustain above 17150 level then expect some upmove in the market and if it breaks and trade below 17060 level then some decline is expected to follow in the share market. Please note this is just opening view and should not be considered as the view for the whole day.


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