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Indian indices end higher; Nifty ends above 14,700, Sensex gains over 640 points

DS

Indian equity markets ended in the green after a volatile trading session with gains led by FMCG, metal, and pharma indices.

Nifty was up 1.28% or 186.15 points and closed above the 14,700 mark at 14,744.00, while S&P BSE Sensex rallied 1.30% or 641.72 points and closed at 49,858.24. Around 1461 shares advanced, 1418 shares declined, while 200 shares remained unchanged.

HUL (4.51%), NTPC (4.24%), JSW Steel (3.96%), UPL (3.94%), and Tata Steel (3.79%) were among the top Nifty gainers. In contrast, Tech Mahindra (1.25%), L&T (1.01%), Bajaj Auto (0.51%), Coal India (0.47%), and Titan Company (0.35%) were among the top Nifty losers.

On the sectoral front, all the indices ended in the green where Nifty Energy rose 3%. BSE Midcap and BSE Smallcap rose 1.35% and 0.41%, respectively.

ICRA Ltd.
ICRA shares surged 20% and traded at Rs. 3,344.25 after PPFAS Asset Management bought over 2% stake in the rating agency through block deals.

Bharat Dynamics Ltd.
Bharat Dynamics recently signed a contract with the Defence Ministry for 4,960 anti-tank missiles worth Rs.1,188 crore, which is signed on a repeat order. The firm’s stocks rose 1.13% and traded at Rs.345.85.

Bajaj Auto Ltd.
Bajaj Auto’s shares dipped 0.51% and traded at Rs.3,645.80 after the firm said that it would endeavor to arrive at a dividend payout as a percentage of PAT based on the company’s standalone financials.

Adani Enterprises Ltd.
The firm is looking forward to raising as much as Rs. 5,000 crore through an IPO, which will make it the seventh listed entity under the Adani Group. The firm’s stocks rose 1.66% and it traded at Rs.885.50.

Aarti Drugs Ltd.
Aarti Drugs’ stocks surged 9.03% and it traded at Rs.745.00 after the company approved the buyback of up to 6,00,000 fully paid-up equity shares, having a face value of Rs.10 each for the company. This represented 0.64% of the total number of the company’s equity shares.

Indian Rupee
The Indian rupee opened marginally lower at Rs.72.58 and ended flat at Rs.72.51 against the U.S. Dollar amid buying seen in the domestic equity markets.

Weaker Global Market Cues
Global market indices ended in the red amid fresh worries over the rising coronavirus cases across the globe. Nasdaq tumbled 3.02% last evening, while FTSE 100 was down 0.63%, FTSE MIB slipped 0.26%, Nikkei 225 tripped 1.41%, and Hang Seng went down 1.41%.



Mr. Aamar Deo Singh
Head Advisory, Angel Broking Ltd
19th March 2021