Today the market continued to lead and both the Sensex-Nifty closed in the green mark. Sensex closed at the level of 51,039.31 with a strength of 257 points or 0.51 per cent. At the same time, the Nifty has closed at 15097.35 with a gain of 115.35 points, or 0.77 per cent.
In today’s trade, 33 out of 50 stocks of the Nifty saw an increase while 19 out of 30 stocks of the Sensex rose. At the same time, 9 out of 12 stocks of Nifty Bank dominated.
RBI has issued Special OMO. RBI has bought bonds worth 10,000 crores in OMO.
The current trend is felt in the POWER stocks. NTPC has jumped more than 4 percent. POWER GRID, TATA POWER and TORRENT POWER also rose 2 to 3 percent.
M&M। M&M Holdings has sold its entire stake in Mahindra First Choice.
HDFC. The subsidiary has sold a 50% stake in MAGNUM FOUNDATION for 13 crores.
The Nifty is witnessing a strong bounce for the third consecutive day. HDFC BANK, RIL, AXIS BANK have crossed the Nifty 15100. In the February series, the Nifty has given around 10, and the Nifty Bank has given 22 per cent. The midcap index is also seen to be near record highs.
BEL। Is considering another interim dividend on March 16 for FY21.
AMBUJA CEM। The record date of the dividend has been fixed on 22 March.
JUBILANT IND। The company plans to merge Agri, the consumer products business. The company says restructuring options continue to be evaluated. The merger and restructuring are under consideration.
CADILA HEALTH। Subsidiary ZYDUS has received approval from the US FDA for the drug Depression. Final approval from US FDA for Nortriptyline Hydrochloride.
GUJ ALKALIES। SBI will raise $ 70 million through External Commercial Borrowing.
The Nifty is witnessing a strong bounce for the third consecutive day. HDFC BANK, RIL, AXIS BANK have energized the market. In the February series, the Nifty has given around 10, and the Nifty Bank has given 22 per cent. The midcap index is also trading near record highs.
PM Modi has strongly advocated the privatisation of. Government companies are energized by PM Modi’s mantra of Monetise & Modernize. BHEL has jumped 8 percent. There is also good buying in SAIL, BPCL, ONGC.
Metal stocks are seeing a great shine. The Nifty Metal Index has reached a peak of 34 months. Hindi COPPER is witnessing tremendous boom for the fourth consecutive day. HINDALCO ran 150 percent in the February series and NALCO also ran 4 percent.
MAX FINANCIAL has gained momentum with IRDAI’s approval of the Axis deal. These shares have run up to 8 per cent. The stock ran 38 percent in the February series.
NURECA LIMITED has excellent listings at around 58% premium. The stock is listed at Rs 615 on the NSE against an issue price of Rs 400.
The market has started with a spectacular growth. Cessanx is trading at 51,314.09 with a gain of 532 points, or 1.05 per cent. At the same time, the Nifty seems to be successful again in crossing the 15000 level with an increase of 150 points i.e. 1%.
Today will be the listing of the IPO of NURECA. The circuit limit of the share will be 5%. The issue was over 40 times full. On the other hand, today is the last day of the IPO of Herb Industries. So far, about one-third of the IPO has been filled.
Today the shares of private hospitals will remain in focus. The government has also announced vaccination of Kovid in private hospitals. Now people between 45 and 60 years will get vaccinated. In the US, the FDA has declared Johnson & Johnson’s Corona vaccine safe.
PM Modi strongly advocated for privatisation. He said that the government’s job is not to run the business. He also gave a new mantra of Monetise & Modernise.
The expiry of February series will be watched by the market. According to 70% experts in Awaaz Traders Poll, the expiry of Nifty can be between 15000 to 15200.
Crude oil has risen to a 13-month high in the US due to reduced production. Brent price has crossed $ 67. Keep a special eye on companies like ONGC, OIL, HOEC.
Great signs are seen from the global market. SGX NIFTY has seen a spurt of 200 and a quarter. Nifty can cross 15000 as soon as it opens. There is a strong start for Asia. The DOW closed at record levels in the US yesterday.