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Market LIVE: Sensex, Nifty trade volatile on first day of FY22, mid-, smallcap stocks outperform; RIL gains – The Financial Express

Barring Nifty Realty index, all the sectoral indices were trading with gains, led by Nifty IT, Nifty PSU Bank and Nifty Auto. Image: ReutersShare Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmarks BSE Sensex and Nifty 50 were trading volatile on the first day of the new financial year (FY 2021-22). BSE Sensex was hovering around 49,650 while the broader Nifty 50 was ruling above 14,750. Top BSE Sensex gainers were HCL Tech, Maruti Suzuki, NTPC, Bajaj-Auto, Titan Company, IndusInd Bank, Infosys and Reliance Industries Ltd (RIL) among others. On the flip side, the stocks of Nestle India and HDFC Bank were trading in the negative territory. Barring Nifty Realty index, all the sectoral indices were trading with gains, led by Nifty IT, Nifty PSU Bank and Nifty Auto.Meanwhile, all monthly expiry contracts starting from the July expiry contract will have a lot size of 50. July contracts will start trading from April 30, 2021. However, according to a SEBI circular, the April, May, and June contracts will continue to have a lot size of 75. The circular also stated that the lot size of all existing Nifty long term options contracts (having expiry greater than 3 months) shall be revised from 75 to 50 after the expiry of June 2021 contracts (i.e. June 25, 2021).

In the month of March 21, Maruti Suzuki India reported overall auto number sales growth of ~99% yoy to 1,67,014 units (Include Passenger Vehicle and Light Commercial Vehicle). On the domestic front, Maruti reported growth of ~97% yoy to 155,417 units and exports front reported ~146% yoy growth to 11,597 units. Considering overall growth and prospects we are positive stock.: Amarjeet Maurya – AVP – Mid Caps, Angel Broking Ltd

Domestic equity market benchmarks BSE Sensex and NSE Nifty rallied over 70 per cent in the financial year 2020-21, despite uncertainties due to COVID-19-led disruptions. The 30-share Sensex zoomed 68 per cent while the Nifty 50 index soared 71 per cent on strong foreign portfolio investment inflows. In absolute terms, Sensex gained over 20,000 points and Nifty 6,100 points. 

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After Suryoday Small Finance Bank, another SFB has filed IPO papers with capital market regulator SEBI. Jana Small Finance Bank is planning to launch initial public offer. 

The National Stock Exchange (NSE) has slashed the market lot size for derivative contracts on Nifty 50, a move that will reduce the burden of excessive upfront margins for retail traders. The lot size has been reduced to 50 from the existing 75, NSE said in a circular on Wednesday. The reduction in the lot size for NIFTY will reduce the margin requirements for futures trading by one-third, stockbroking firm FYERS CEO Tejas Khoday said. Currently, traders need approximately Rs 1.73 lakh to trade one lot, he said.

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Mumbai-based Macrotech Developers Ltd, erstwhile Lodha Developers, will open its IPO on April 7, in the price band of Rs 483-486 per share of the face value of Rs 10, each. The Rs 2,500-crore issue will close for subscription on April 9, 2021. This is the third time when the developer has come up with its IPO. 

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In the first reduction in rate in two months, jet fuel or ATF price on Thursday was cut by 3 per cent in line with softening international crude oil prices. Aviation turbine fuel (ATF) price was reduced by Rs 1,887 per kilolitre, or 3 per cent, to Rs 58,374.16 per kl in the national capital, according to a price notification of state-owned fuel retailers. This is the first reduction in rates after four rounds of increase since February.

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The Index is struggling to keep above 14800 which was yesterday’s high. We need to get past 14950 for an upward directional move to commence. If we can do that, we should achieve 15300 as the next target. If we break 14500, the markets will drift southwards and retest the recent lows of 14200. Until either levels are not taken out, the Nifty will be sideways. Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments

The currency market will remain closed on April 1, 2021, on account of annual bank closing.

Wipro today announced that it has signed an agreement to acquire Ampion, an Australia-based provider of cyber security, DevOps and quality engineering services. Ampion was formed through the merger of IT services providers ‘Revolution IT’ and ‘Shelde’. Revolution IT was an IT services company in Australia founded in 2004 and Shelde was a digital IT security company founded in 2010 in Australia. The merged entity, Ampion is headquartered in Melbourne, with offices in Sydney, Brisbane, and a zone 3 facility in Canberra.

Barring the Nifty Realty index, all the sectoral indices were trading with gains, led by Nifty IT, Nifty PSU Bank and Nifty Auto.

COMEX gold trades marginally lower near $1711/oz after a 1.8% gain in the previous session. Weighing on the gold price is US economic optimism, vaccine progress, higher yields and lack of ETF buying. Supporting gold is a retreat in the US dollar index from recent highs, mixed US economic data, rising virus cases and dovish central bank stance. Gold has bounced back after managing to hold above $1670/oz however a sharp rise is unlikely until US dollar corrects sharply.: Ravindra Rao, VP- Head Commodity Research at Kotak Securities

The stocks of Nestle India and HDFC Bank were trading in the negative territory on the first day of the new financial year (FY22).

Top BSE Sensex gainers were HCL Tech, Maruti Suzuki, NTPC, Bajaj-Auto, Titan Company, IndusInd Bank, Infosys and Reliance Industries Ltd (RIL) among others.

Markets have bounced back smartly in the last few sessions after the correction seen in the Nifty from Mid February. On the daily chart, the Nifty has bounced back from an upward sloping trend line, thereby indicating that the intermediate uptrend is intact.

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BSE Sensex was trading 400 points or 0.80 per cent higher at 49,910, while the broader Nifty 50 index was ruling at 14,801, up 117 points or 0.77 per cent on Thursday.

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BSE Sensex was trading 650 points or 1.31 per cent higher at 50,158, while the broader Nifty 50 index was ruling at 14,747, up 56 points or 0.38 per cent in the pre-opening session on Thursday.

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The government on Wednesday left the price of natural gas produced by companies such as ONGC unchanged at a decade-low rate of USD 1.79 while the same for difficult fields like the one operated by Reliance-BP was cut by 11 per cent. The Oil Ministry’s Petroleum Planning and Analysis Cell (PPAC) announced the bi-annual revision in the price of gas, which is used to generate electricity, make fertiliser and convert into CNG for automobiles and cooking gas for households. 

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Rating agency Moody’s Investors Services on Wednesday revised the outlook on Tata Steel from negative to stable and also affirmed the company’s Ba2 corporate family rating (CFR). The stable outlook reflects Moody’s view that a benign operating environment will help to sustain its improving performance such that debt/Ebitda leverage trends below 4x over the next 12 months, indicating levels supportive of a Ba2 CFR.

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Indian Overseas Bank in its BSE filing said it has received a capital infusion of Rs 4,100 crore from the government.The bank in a BSE filling informed that Government of India has infused capital of Rs 3,000 crore in Bank of India.Axis Bank has entered into a share purchase agreement on 31st March 2021 for sale of 100% stake in its subsidiary.

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Investors’ wealth grew massively by Rs 90,82,057.95 crore in 2020-21 driven by an extraordinary rally in the equity market, where the benchmark Sensex jumped 68 per cent. In an unprecedented rally, the 30-share BSE Sensex jumped 20,040.66 points or 68 per cent this fiscal year, braving many uncertainties due to COVID-19-led disruptions.

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The Finance Ministry on Wednesday notified that government will infuse Rs 14,500 crore through recapitalisation bonds in four public sector banks. The notification issued by the finance ministry said that government would infuse capital by issuing non-interest-bearing bonds to banks.

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All monthly expiry contracts starting from the July expiry contract will have a lot size of 50. July contracts will start trading from April 30, 2021. However, according to a SEBI circular, the April, May, and June contracts will continue to have a lot size of 75. The circular also stated that the lot size of all existing Nifty long term options contracts (having expiry greater than 3 months) shall be revised from 75 to 50 after the expiry of June 2021 contracts (i.e. June 25, 2021).

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