Home / Markets / Live Blog /  Sensex soars 708 pts, Nifty ends near 17,700; Realty, power, banks rally

Sensex soars 708 pts, Nifty ends near 17,700; Realty, power, banks rally

Market Closing: Indian indices surged over 1.2% on Friday, tracking mixed global cues. (MINT)Premium
Market Closing: Indian indices surged over 1.2% on Friday, tracking mixed global cues. (MINT)

  • Market Closing: Indian indices made a strong start to the new financial year on Friday amid mixed global cues as Sensex added over 708.18 points to close at 59,276.69, while Nifty ended at 17,688, up 223.25 points. The session witnessed some hiccups in early trade before surging in the noon trade.

Indian indices on Friday returned to winning ways, supported by strong buying in power and banking stocks. The indices opened in the red in a volatile early trade before the late surge. The indices were boosted by a sharp fall in crude oil prices. The global peers ended mixed, hit by fears of recession, inflation and the continuing Russia-Ukraine war. In Asia, shares in Hong Kong and Shanghai advanced, while that in Japan, Australia, and South Korea declined at close on Friday.

01 Apr 2022, 03:48:25 PM IST

Sensex zooms 708 pts, Nifty ends near 17,700; Realty, power, banks lead

Indian indices began the new financial year with solid gains on Friday amid mixed global cues. The indices were led by power, realty, and financial stocks. The indices opened in the red in volatile early trade, before starting the recovery. The global investor sentiments were mixed as fears of recession, inflation and Russia-Ukraine war remained.

The Sensex added 708.18 points, or 1.21%, to close at 59,276.69, while Nifty50 surged 223.25 points to end at 17,688.00. All the sectors ended in the green with big gains seen in power, oil & gas, telecom, banks, realty among others.

On the 30-stock index, the most gains were made by NTPC, PowerGrid, and IndusInd Bank among others, while TechM, DRL, and Sun Pharma were among the top losers.

On Nifty50, NTPC, BPCL, and PowerGrid made the most gains, while Hero Moto, Divi's Lab, and TechM were among the top laggards.

Sensex at close
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Sensex at close
01 Apr 2022, 03:21:41 PM IST

Sensex surges 760 points; NTPC leads with gains of over 6%

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01 Apr 2022, 03:04:51 PM IST

Nifty50 surges in afternoon trade, adds over 127 points

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01 Apr 2022, 03:01:48 PM IST

Bank Nifty surges 2%, Nifty rises close to 17,600

Indian stock markets were firm today in afternoon trade with financial stocks powering the gains. A dip in oil prices also supported Indian markets. The Sensex was up over 400 points to 58,975 while Nifty was near 17,600. Global markets were mixed today on worries about the Russia-Ukraine war and recession risks. European buyers of Russian gas faced a deadline to start paying in roubles on Friday, while negotiations aimed at ending the five-week war were set to resume even as Ukraine braced for further attacks in the south and east.

01 Apr 2022, 02:48:31 PM IST

Maruti Suzuki posted 13.4% growth during FY21-22, sold above 1.70 lakh units in March

Maruti Suzuki India Limited sold a total of 170,395 units in March 2022. Total sales in the month include domestic sales of 137,658 units, sales to other OEM of 6,241 units and its highest ever monthly exports of 26,496 units.

01 Apr 2022, 02:36:58 PM IST

Top picks: ICICI Securities recommends these bank, auto, metals stocks to buy

Domestic brokerage and research firm ICICI Securities believes, that the Nifty index has formed a strong base above 52 week’s EMA that has set the stage to retest the upper band of falling channel at the 18,100 mark.

01 Apr 2022, 02:26:23 PM IST

Banks help European shares rise amid gas supply worries

European shares rose slightly after early sluggishness on Friday, as a rally in bank stocks helped outweigh worries about economic growth and inflation, with Europe facing a deadline to start paying for Russian gas in roubles.

Russian President Vladimir Putin threatened to cut off gas supplies unless paid in local currency from April 1 — a move that could exacerbate an energy crunch in the continent as Russian gas imports account for about 40% of Europe's consumption.

The move comes as a response to Russia's increasing economic isolation following its invasion on Ukraine. Worries about the fallout from the war, compounded by likely central bank tightening to control surging inflation, saw the pan-European STOXX 600 index mark its first quarterly loss in two years last month.

The index on Friday rose 0.3%. Banks 1.1% with Spanish lender Santander firming 3.1% after reiterating its 2022 profitability target.

01 Apr 2022, 02:18:42 PM IST

Copper futures slip amid muted demand

Copper futures on Friday fell by 2.85 to 818.60 per kg as participants cut their positions amid muted demand in domestic market.

On the Multi Commodity Exchange, copper contracts for April delivery eased by 2.85 or 0.35 per cent to 818.60 per kg in a business turnover of 3,784 lots.

Analysts said trimming of positions by speculators due to muted demand in spot market mainly dragged down copper prices in futures trade.

01 Apr 2022, 02:17:14 PM IST

Gold futures slip ₹181 to ₹51,404 per 10 gm

Gold futures on Friday fell by 181 to 51,404 per 10 grams as participants cut down their bets amid a weak global trend.

On the Multi Commodity Exchange, gold contracts for April delivery declined by 181 or 0.35 per cent to 51,404 per 10 grams in a business turnover of 228 lots.

Analysts attributed the fall in prices to trimming of positions by investors, tracking a weak trend in international markets.

Globally, gold was trading 0.89 per cent lower at USD 1,936.60 per ounce in New York.

01 Apr 2022, 02:16:32 PM IST

Zinc futures rise on spot demand

Zinc prices on Friday rose by 7.30 to 351.80 per kg in futures trade tracking a firm trend in physical markets on the back of a pick-up in spot demand.

On the Multi Commodity Exchange, zinc contracts for April delivery traded higher by 7.30 or 2.12 per cent to 351.80 per kg with a business turnover of 1,217 lots.

Marketmen said widening of positions by participants following a pick-up in demand from consuming industries, kept zinc prices higher in futures trade.

01 Apr 2022, 02:12:52 PM IST

KFin Technologies files draft papers with Sebi for ₹2,400 cr IPO

Financial services platform KFin Technologies has filed preliminary papers with market regulator Sebi to raise 2,400 crore through an Initial Public Offering (IPO).

01 Apr 2022, 01:58:06 PM IST

Zerodha founder on odds of making money in options trading

The stock market can be the toughest place in the world to make easy money, especially in trading options strategies. On whether option writing has odds of making higher profit, Zerodha founder and CEO Nithin Kamath in a tweet said that it is possible, but only when risk is compared to option buying.

01 Apr 2022, 01:56:58 PM IST

Top Sensex losers

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01 Apr 2022, 01:42:56 PM IST

Top Sensex gainers

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01 Apr 2022, 01:34:57 PM IST

After initial hiccups, BSE Sensex makes steady gains

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01 Apr 2022, 01:25:52 PM IST

Nifty financials post solid gains; HDFC AMC leads the chart

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01 Apr 2022, 01:13:20 PM IST

ATF price hiked by 2% to all-time high

Jet fuel prices on Friday were hiked by 2 per cent - the seventh straight increase this year - to an all-time high, reflecting a surge in global energy prices.

Aviation turbine fuel (ATF) - the fuel that helps aeroplanes fly - was hiked by 2,258.54 per kilolitre, or 2 per cent, to 1,12,924.83 per kl in the national capital, according to a price notification by state-owned fuel retailers.

01 Apr 2022, 01:04:58 PM IST

US encourages India to participate in its petroleum reserve after Russia's offer

The United States has been in touch with several countries including India on the release of strategic reserves. US President Joe Biden announced the release of one million barrels of oil per day from the nation's strategic petroleum reserves for the next six months in order to keep the lid on oil prices which have been spiralling in the aftermath of the Russian invasion of Ukraine.

01 Apr 2022, 12:51:52 PM IST

IndiGo’s take off is not without hurdles

The resumption of international travel after a gap of two years means financial year 2023 has begun on a good note for InterGlobe Aviation Ltd, which operates IndiGo airline, India’s largest. The aviation company has announced restarting its scheduled international flights on over 150 routes starting April, which were earlier operated under air bubble arrangements.

01 Apr 2022, 12:40:43 PM IST

Multibagger stock to announce dividend on preference shares

Indsil Hydro Power and Manganese Ltd is one of the dividend paying stocks in April 2022. The company management informed Indian bourses that the Board of Directors of the Company is going to meet today for declaration of Second Interim Dividend on 10 per cent Cumulative Redeemable Preference Shares for the financial year 2021-22.

01 Apr 2022, 12:32:00 PM IST

Marico expands Saffola brand, marks entry into spreads

Packaged consumer goods company Marico Ltd., has expanded its Saffola brand to mayonnaise and peanut butter, marking its foray into the condiments and spreads category.

01 Apr 2022, 12:25:17 PM IST

BSE SmallCap index surges over 1.4%; Centrum, IOLCP lead with around 15% gains

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01 Apr 2022, 12:12:41 PM IST

US futures edge up, stocks mixed as crude drops

U.S. equity futures rose Friday and Asian stocks were mixed as investors evaluated the economic outlook amid moderating oil prices, tightening Federal Reserve monetary policy and Russia’s war in Ukraine.

A turnaround in China helped an Asia-Pacific share index pull away from session lows but wasn’t enough to drag the gauge out of the red. S&P 500 and Nasdaq 100 contracts made modest gains, while Europe’s fluctuated. Stocks are coming off their worst quarter since the pandemic bear market.

Oil retreated below $100 a barrel on a move by the U.S. to release 1 million barrels a day for six months from reserves to tackle rising energy costs. Russia’s invasion has disrupted commodity flows, stoking fuel and food prices.

01 Apr 2022, 12:04:46 PM IST

Ruchi Soya fixes FPO issue price at ₹650 per share; to raise ₹4,300cr

Patanjali Ayurved-owned Ruchi Soya on Thursday fixed the issue price of its follow-on public offer at the upper limit of its price band at 650 per equity share to raise 4,300 crore.

Ruchi Soya hit the capital market with its FPO on March 24 to raise 4,300 crore as it aims to become a debt-free company.

01 Apr 2022, 11:57:28 AM IST

Technical & derivatives report Sameet Chavan, chief analyst-technical and derivatives, Angel One

The Indian Equity market witnessed a lackluster expiry session, wherein the initial marginal gains got pared down gradually. The benchmark index showed a subdued movement amid some profit booking at higher levels on the last expiry for FY22. The index concluded the day with a mere loss of 0.19 percent, to settle a tad above the 17450 level.

As we alluded to in our previous commentary, post the stellar run in the week the market could take some breather, which was quite evident in yesterday’s session. However, the sustainability of the current zone could be perceived as a constructive setup from a short to medium-term perspective, wherein the undertone is likely to remain in favor of the bulls. The technical setup construes the formation of higher highs and higher bottoms, with the immediate support of the recent unfilled gap coinciding with 61.80 percent of the retracement of the fall placed at the 17327 level, which is expected to act as a firm demand zone. On the contrary, 17650 is the immediate hurdle, followed by the previous swing of 17800 odd levels.

Going ahead, more action is likely to be seen in the thematic stocks, and hence a pragmatic approach would be required in the current scenario. Looking at the recent development, any minor dip towards the mentioned support could be utilized by bulls, while better opportunities would be seen in a stock-centric approach.

01 Apr 2022, 11:46:41 AM IST

Top Sensex losers: Titan, Infosys, ICICI Bank, Sun Pharma, TechM

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01 Apr 2022, 11:32:49 AM IST

Day trading guide for Friday

8 stocks to buy or sell today — 1st April

01 Apr 2022, 11:20:07 AM IST

Indian shares edge higher as financials, power companies climb

Indian shares inched higher on Friday for a fourth session in five, bucking a downtrend in broader Asia as heavyweight financials and power company stocks advanced.

The NSE Nifty 50 index was up 0.43% at 17,540.45, as of 0505 GMT, while the S&P BSE Sensex rose 0.42% to 58,812.09. Both indexes were set to post weekly gains of about 2% each.

Asian peers were trading lower with investors worried about the impact of the Russian-Ukrainian war and rising risks of recession.

01 Apr 2022, 11:19:46 AM IST

India central bank focussed on growth, seen lagging on inflation fight

Inflation is picking up in India, but the country's central bank is likely to maintain its loose policy even as its global peers raise rates, potentially forcing it to play catch-up aggressively later, economists and analysts say.

This view represents a shift in expectations, as market participants say the Reserve Bank of India is concerned that Russia's invasion of Ukraine is damaging the global economy and India's recovery prospects, not just boosting prices.

A Reuters poll in early February found just over half of forecasters expecting the RBI to raise rates at its April meeting, but the war launched three weeks later has upended those predictions.

RBI watchers now expect the bank to stand pat on April 8, even though inflation has broken above the 6% upper end of the bank's target band for two months.

01 Apr 2022, 11:18:24 AM IST

Crude prices fall as US to release supplies from reserves

Crude oil fell in Asian deals on Friday after US President Joe Biden announced the release of 1 million barrels of oil per day for six months starting in May to check soaring prices in the aftermath of the Russia-Ukraine crisis.

01 Apr 2022, 11:12:38 AM IST

India will frame cryptocurrency law after global consensus: Report

India will frame a legislation for cryptocurrencies only after a global consensus emerges on regulating such assets, a report by Bloomberg suggested. The government isn’t planning a law soon to either regulate or tighten provisions, a source told the news agency.

01 Apr 2022, 11:01:36 AM IST

Multibagger stock: Tata share turns ₹1 lakh to ₹2.08 crore in 13 years

Tata Elxsi share price recently climbed to its new life-time high of 9420 apiece on NSE. This Tata group share is one of the multibagger stocks in 2021 and it has delivered around 220 per cent return to its shareholders in last one year.

01 Apr 2022, 10:50:56 AM IST

NTPC surges over 4% in morning trade; BSE power index up almost 2%

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01 Apr 2022, 10:43:27 AM IST

GAIL share buyback can provide 10-20% return for short term investors: Analyst

Shares of GAIL surged nearly 2% to 158 apiece on the BSE in Friday's early deals. GAIL (India) Ltd on Thursday said it will buyback about 5.7 crore shares for 1,083 crore as it looks to use its healthy balance sheet to reward shareholders for the second time in as many years.

01 Apr 2022, 10:38:52 AM IST

Sebi halts NFOs in mutual funds as industry scrambles to comply with circulars

The Securities and Exchange Board of India (Sebi) has stopped the mutual fund industry from issuing new fund offers (NFOs) for now, as the regulator provides time to the industry to comply with its new norms.

01 Apr 2022, 10:38:07 AM IST

Adani Wilmar share price climbs to all-time high, rises for 6th straight session

Adani Wilmar Share price has continued it bull run in early morning deals today. This Adani group stock has climbed to its new peak for 6th straight session and hit new high of 542.70 apiece on NSE. Adani Wilmar Share price today opened with an upside gap of around 9 per share on NSE and went on to hit its new life-time high.

01 Apr 2022, 10:24:59 AM IST

Sectoral indices: PSU Banks, private banks, realty, oil & gas lead

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01 Apr 2022, 10:11:20 AM IST

Top Sensex losers: Hindustan Oil Exploration, Hero MotoCorp drag

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01 Apr 2022, 09:56:42 AM IST

Stock market: Settlement holiday today. What investors should know?

April 1, 2022, is a settlement holiday on account of Annual Bank Closing. A settlement holiday is a day when trading is possible, but clearing and settlement are closed for Paying and Payout of stocks and funds.

01 Apr 2022, 09:43:10 AM IST

Top Sensex gainers in early trade: India Glycols, NCC top gainers

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01 Apr 2022, 09:35:47 AM IST

BSE Indices trade muted amid volatility

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01 Apr 2022, 09:33:54 AM IST

Sensex volume toppers: NTPC, Axis Bank, PowerGrid lead

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01 Apr 2022, 09:24:23 AM IST

Broader market indices at open: Nifty50 trades flat

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01 Apr 2022, 09:22:30 AM IST

Sensex at open: NTPC, PowerGrid, M&M top gainers; Infosys, Titan drag

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01 Apr 2022, 09:11:09 AM IST

Nifty50 at pre-open: Muted, falls below 17,450

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01 Apr 2022, 09:09:42 AM IST

Sensex at pre-open: Trades flat, down 38 points

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01 Apr 2022, 08:55:39 AM IST

Bitcoin, ether plunge over 5% whereas Shiba Inu tanks 10%

Check cryptocurrency prices today

01 Apr 2022, 08:44:23 AM IST

March auto volumes preview: Rising fuel prices to weigh on demand

Increase in petrol and diesel prices is likely to have a bearing on automobile demand which would reflect in March auto volumes set to be announced today. The commercial vehicle (CV) segment, which is currently seeing a cyclical recovery, is not immune to that.

01 Apr 2022, 08:33:31 AM IST

Gold eases ahead of US jobs data as dollar ticks higher

Gold prices eased on Friday, widening their weekly losses as a stronger dollar outweighed safe-haven demand fuelled by a lack of progress in Russia-Ukraine peace talks, while investors awaited March U.S. jobs data for policy tightening clues.

01 Apr 2022, 08:21:55 AM IST

Oil seesaws ahead of consumer nations' meeting on stocks release

Oil prices seesawed on Friday ahead of a meeting of consuming nations to discuss a new release of emergency oil reserves alongside a huge planned release by the United States.

U.S. West Texas Intermediate (WTI) crude futures dipped 6 cents to $100.22 a barrel at 0057 GMT after trading as high as $101.75. The contract slumped 7% on Thursday.

Brent crude futures rose 5 cents to $104.76 a barrel, after dropping 5.6% on Thursday. The May contract expired on Thursday at $107.91.

The planned U.S. release caused Thursday's falls. On Friday the two benchmark contracts were each headed for a weekly loss of around 13%, their biggest in two years.

International Energy Agency (IEA) member countries are set to meet at 1200 GMT on Friday to discuss a further emergency oil release that would follow their March 1 agreement to release around 60 million barrels.

U.S. President Joe Biden on Thursday announced a release of 1 million barrels per day for six months starting in May. That will be the largest release ever from the U.S. Strategic Petroleum Reserve (SPR).

01 Apr 2022, 08:09:47 AM IST

Asian shares slip on gloomy outlook as Ukraine, recession risks weigh

Asian shares fell on Friday following the biggest quarterly drop in global equities in two years, as investors worried about the impact of the Russian-Ukrainian war and rising risks of recession.

On Thursday, Russian President Vladimir Putin struck back at Western sanctions on Moscow, threatening to halt contracts supplying Europe with a third of its gas unless they are paid in roubles. The move prompted Germany, the most reliant on Russian gas, to accuse him of "blackmail" as it activated an emergency plan that could lead to rationing.

Reflecting the gloomy mood as a result of supply disruptions and surging raw material costs, Japanese business confidence hit a nine-month low in the first quarter according to a Bank of Japan survey, with companies indicating they expect conditions to worsen further.

In Tokyo, the Nikkei was down 0.75% in morning trade, while MSCI's broadest index of Asia-Pacific shares outside Japan was 0.70% lower.

Hong Kong's Hang Seng dipped 1.1%, while Seoul's Kospi lost about 0.6%. Chinese blue-chips turned around from a lower open to rise 0.7%.

01 Apr 2022, 08:00:22 AM IST

US, European stocks suffer worst quarter since pandemic

Global stocks dropped on Thursday with U.S. shares sinking over 1.5%, as concerns about a recession and the Russian-Ukranian war spurred selling, while oil prices plunged over $6 as Washington launched a record release from its emergency oil reserves.

The declines pushed U.S. and European stocks into their biggest quarterly loss since the start of 2020, when the outbreak of the COVID-19 pandemic sent the global economy into a tailspin.

Quarter-end portfolio rebalancing boosted demand for bonds and held down yields, though a closely watched part of the U.S. Treasury yield curve hovered near inversion, after inverting briefly on Tuesday. Many view an inverted yield curve, in which short-term Treasuries yield more than longer-term debt, as a harbinger of a recession.

A spurt of selling late in the day drove the S&P 500 down 1.6%. The Dow Jones Industrial Average also skidded 1.6%, and the Nasdaq Composite dropped 1.5%. Europe's STOXX 600 had closed down 0.94%.

Thursday's stock market gloom was emblematic of how tough March has been for equities. Even after a rally in the past week when investors celebrated signs of progress in peace talks between Russia and Ukraine, the S&P 500 is still down 5% in the first three months, its worst quarterly performance in 2 years.

Europe's STOXX 600 fared worse, losing 6.5% in the first quarter, also its biggest quarterly drop since the start of 2020.

The MSCI World Equity index, which dropped 1.3% on Thursday, also had its worst quarter in two years, tumbling 5.7%.

01 Apr 2022, 07:44:33 AM IST

Oil prices sink as US taps reserves; equities fall

Oil prices tumbled on Thursday after the United States announced it would release a record amount of oil from its stockpiles to fight soaring gas prices sparked by Russia's invasion of Ukraine.

President Joe Biden described the giant release that will see a million barrels of US government oil hit the market every day for six months as a "wartime" measure that will defuse Russia's leverage as an energy power.

West Texas Intermediate dropped seven percent and almost dipped below $100 a barrel after the move, while Brent lost nearly five percent, though analysts did not expect the supply release to stabilize the oil market.

01 Apr 2022, 07:34:08 AM IST

Tokyo stocks open lower after US falls

Tokyo stocks opened lower on Thursday, tracking falls on Wall Street as concerns grow over inflation and oil prices surge.

The benchmark Nikkei 225 index was down 1.27 percent or 355.28 points at 27,684.88 in early trade, while the broader Topix index dropped 1.01 percent or 20.01 points to 1,958.69.

The dollar fetched 121.17 yen in early Asian trade, against 121.12 yen in New York late Wednesday.

The Nikkei is likely to start with a selling spree "on fears of accelerating inflation, taking cues from Wall Street falls last night," Okasan Online Securities said.

Reports that the United States is looking to further ramp up sanctions against Russia also weighed on market sentiment.

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