The Indian equity market ended in the green for the second consecutive session. Equity benchmark Sensex rose 350 points to end at 57,943 and Nifty gained 103 points to 17,325.
On Monday, Sensex rose 231 points to 57,593 and Nifty closed 69 points higher at 17,222. Bharti Airtel, Axis Bank, ICICI Bank, ITC, State Bank of India, Indusind Bank, Power Grid, Bajaj Finserv, Hindustan Unilever and Reliance Industries were the top Sensex gainers, rising up to 3.40%. Nestle India, HDFC, HCL Technologies, Dr Reddy's, Asian Paints, Wipro, Larsen & Toubro, Tech Mahindra were the top Sensex losers, falling up to 1.83%.
What's next? Here are the latest updates!
3:32 pm: Market ends in green for second session
Equity benchmark Sensex rose 350 points to end at 57,943 and Nifty gained 103 points to 17,325.
3:13 pm: Market check
Equity benchmark Sensex rose 330 points to 57,924 and Nifty gained 98 points to 17,320.
2:23 pm: Adani Group shares on a roll
Shares of Adani Group zoomed on Tuesday, with four of them hitting their all-time highs amid a broader market rally. While shares of Adani Enterprises zoomed 1.12% to an all-time high of Rs 1,930, stock of Adani Power ralled 11.6% to a record high of Rs 169.8 on BSE. Similarly, shares of Adani Transmission touched an all-time high of Rs 2,478 against the previous close of Rs 2,439.95 and Adani Wilmar logged a fresh high of Rs 506.80 in noon session today.
2:10 pm: India, Sri Lanka to intensify energy and maritime cooperation: EAM S Jaishankar
Minister of External Affairs, Subrahmanyam Jaishankar, while attending the 18th BIMSTEC Ministerial Meeting in Colombo today emphasised that both India and Sri Lanka are going to work towards intensifying and expanding areas of cooperation, especially connectivity, energy and maritime cooperation.
The Minister in a series of tweets mentioned, "Will encourage active business collaboration and common projects to this end." To achieve business collaboration, he stated that cooperation on port facilities, ferry services, coastal shipping, grid connectivity and motor vehicles movement are key.
1:30 pm: L&T, Vi to set up private LTE network on pilot basis
Larsen & Toubro Smart World & Communication (L&T SWC) and Vodafone Idea Limited (Vi) announced on Tuesday that they will together establish a private LTE enterprise network in India. A Proof of Concept will be carried out at L&T Heavy Engineering's 'A M Naik Heavy Engineering Complex' in Surat's Hazira.
The companies have partnered to use 5G use cases in areas of public safety, smart and connected health as part of the government's 5G trials. Both the companies have collaborated to test and validate 5G use cases built on IoT, video AI technologies.
1:08 pm : Market check
Equity benchmark Sensex rose 248 points to 57,842 and Nifty gained 74 points to 17,296.
12:49 pm: Market cap of BSE-listed firms rises to Rs 261.04 lakh crore. Market breadth is negative with 1,494 shares rising against 1,789 stocks falling in the afternoon session.
12:43 pm: Allow more time to link PAN with Aadhaar: Brokers to SEBI
The Association of National Exchanges Members of India (ANMI) has requested the capital markets regulator Securities and Exchange Board of India (SEBI) to allow more time to investors to link their PAN with Aadhaar.
In a letter written to SEBI whole time member Ananta Barua, ANMI has highlighted the fact that many investors are yet to link their PAN with Aadhaar and with the deadline - March 31 - announced by Central Board of Direct Taxes (CBDT) fast approaching, many investors will not be able trade in the markets. READ MORE
12:00 pm: Sensex gainers
Top Sensex gainers in afternoon trade are Bharti Airtel, Ultratech Cement, HDFC, M&M and Sun Pharma, rising up to 3.46%.
11:30 am: Veranda Learning Solutions IPO opens
The initial public offer of Veranda Learning Solutions (IPO) opened on Tuesday. The education services player plans to raise Rs 200 crore via its initial public offering (IPO), which is entirely a fresh issue.
The company offers online and offline coaching services for courses such as UPSC, CA, banking, and government exams to students, graduates, professionals, and corporate employees.
10:50 am: Market update
Sensex rises 149 points to 57,742 and Nifty gains 52 points to 17,274.
10:39 am: Tata Power stock gains over 2% on tie-up for EV charging solutions
Shares of Tata Power rose over 2% today after the Tata Group firm said it has collaborated with real estate developer Rustomjee Group, to provide end-to-end electric vehicle charging solutions across all its residential and commercial projects in Mumbai Metropolitan Region (MMR).
Tata Power stock touched an intraday high of Rs 244.85, rising 2.21% on BSE.
Tata Power shares are trading higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages. The stock has risen 134% in one year and gained 9.69% since the beginning of this year.
Total 4.28 lakh shares changed hands amounting to a turnover of Rs 10.40 crore on BSE. Market cap of the firm rose to Rs 77,486 crore.
10:16 am: Expert quote
V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said, "This has been a 'buy on dips' market in the short-term with buying emerging at 17000 Nifty levels and selling pressure emerging around 17400 levels. There is a good possibility of the 17000-17500 Nifty range getting broken on the upside with a surge in Bank Nifty. Q4 financials results can provide the ammunition for this breakout. Stability in global markets, softening crude and chances of a ceasefire in Ukraine can provide the positive backdrop for this breakout. However, high US inflation and an increasingly hawkish Fed are major headwinds for equity markets globally. Expect high volatility."
9:56 am: Ruchi Soya share rises 20%
Ruchi Soya stock zoomed 20% in early trade today after market regulator Securities Exchange Board of India (SEBI) on Monday directed Patanjali Ayurved-owned Ruchi Soya to provide an option to all investors (except anchor investors) in its follow-on public offer (FPO) to withdraw their bids due to "circulation of unsolicited SMSs advertising the issue".
The regulator said that prima-facie, the contents appear to be "misleading/ fraudulent" and not in consonance with SEBI (ICDR) Regulations, 2018.
The window for withdrawal shall be available on March 28, 29 and 30.
9:41 am: HDFC Bank to invest Rs 7.50 cr, pick 15% in IDRCL
HDFC Bank, on Tuesday, said that it will pick 15 per cent equity holding in India Debt Resolution Company Limited (IDRCL) for Rs 7.50 crore. The total consideration will be paid in tranches, the company said.
HDFC Bank said that the equity investment will be done in tranches, the first of which for Rs 3 crore is expected to be complete by March 31. "Subsequent tranches of equity investment will be made as and when determined by the Board of Directors of IDRCL," it said.
9:20 am: Market opening
The benchmark indices opened higher amid mixed global cues. Equity benchmark Sensex opened 286 points higher at 57,879 and Nifty was trading 52.90 points higher at 17,274.
UltraTech Cements, Asian Paints and Maruti were the top gainers on Sensex, followed by HDFC , Maruti and SBI.
Dr Reddy's, ITC, TCS and NestleIndia were the top losers falling up to 0.38%.
9:08 am: Expert quote
Prashanth Tapse, Vice President (Research), Mehta Equities said, "Overnight rally on the Wall Street is expected to give local gauges a major boost in early trades, as peace talks between Russia and Ukraine are set to resume today while oil prices tanked below $105 a barrel amidst fuel demand concerns in China after Shanghai launched a phased lockdown. Nifty's support is seen at psychological 17,000 mark and below the same, expect a waterfall of selling which could take Nifty down to 16,691 mark with inter-week perspective. The technical landscape will improve considerably only if Nifty closes above its biggest hurdles at 17,807 mark. Intraday hurdles at 17489 mark. However, the trading theme revolves around the U.S bond market which is flashing a warning sign for the US economy. Overnight, the 5-year and 30-year U.S Treasury yields inverted for the first time since 2006, fueling recession fears. The 10-year US T-bond yield too climbed above 2.5%."
8:25 am: FII and DII action
Foreign institutional investors (FIIs) sold shares worth Rs 801 crore on March 28, and domestic institutional investors (DIIs) bought shares worth Rs 1161 crore, as per provisional data available on NSE.
8:20 am: SGX Nifty
The Indian equity market is likely to open higher today as SGX Nifty was trading 102 points higher at 17,382. The Singapore Stock Exchange is considered to be the first indication of the opening of the Indian market.
8:10 am: Market on Monday
Sensex rose 231 points to 57,593 and Nifty closed 69 points higher at 17,222. Earlier, Sensex lost 537.11 points to an intraday low of 56,825.09 in morning trade.
Bharti Airtel, Axis Bank, ICICI Bank, ITC, State Bank of India, Indusind Bank, Power Grid, Bajaj Finserv, Hindustan Unilever and Reliance Industries were the top Sensex gainers, rising up to 3.40%. Nestle India, HDFC, HCL Technologies, Dr Reddy's, Asian Paints, Wipro, Larsen & Toubro, Tech Mahindra were the top Sensex losers, falling up to 1.83%.