Overview on 23 March - Today's Share Market Details

Today's Share Market Details: 

12:45 PM

According to information received from the sources, the Petroleum Ministry has written a letter to Fin Min and demanded that the natural gas be brought to the GST. 

The Ministry of Petroleum has said that capacity expansion of the gas business and market is necessary. For free gas marketing, it is necessary to come to GST.

12:40 PM

CNBC-TV18 EXCLUSIVE: Banks' stake in insurance companies to be decided. For this, there has been a discussion between RBI and IRDAI. The maximum limit will be set by banks in the stake. 

IRDAI is in favor of giving a 30 percent stake to banks. Banks will be able to take a 30 percent stake in the insurance company. Banks will get 2 years to reduce the stake. IRDAI has suggested giving 2 years' time. 

RBI and IRDAI will meet soon for a final decision. Banks will be able to reduce the portion on a case-to-case basis.

12:33 PM

TATA MOTORS: Jaguar has launched I-PACE. This is Jaguar's first electric car. The I-PACE Performance EV SUV costs Rs 1.06 crore.

12:30 PM

There is a weakness in crude oil today. There is a concern about demand recovery from rising cases of corona in Europe. In addition, Nigeria has cut prices for April, indicating a surge in supplies.

12:28 PM

There is an all-around weakness in base metals today. Corona's third wave in Europe has raised concerns.

Copper has weakened due to increasing inventory. Funds have reduced their position in the copper boom. 

The metal is under pressure from the recovery in the dollar. The zinc treatment charge is at a two-and-a-half-year low.

12:20 PM

There is still pressure on the prices of gold and silver. Gold is trading below 45000 on MCX. The dollar is strongly under pressure on gold. But rising cases of corona in Europe support prices. 

However, the recent fall in gold turned silver for jewelry buyers. After the price drop, not only in India but other Asian countries like China, Malaysia, there has been a lot of demand.

12:10 PM

Oil-oilseeds continue to be on the uptrend. Soyabean, CPO, and Soya oil are at record levels due to the boom in overseas markets and supply constraints.

Malaysian palm oil is seeing a jump of about 4 percent. Soya oil is up 2 percent on CBOT. Strong demand and tight supply have led to a spurt in prices. The focus on green energy in the US is accelerating.

11:47 AM

Maharashtra Environment Department has sent a notice to BAJAJ HEALTHCARE. The company has received a notice to close the factory at Tarapur. The Tarapur unit is expected to be restarted in 1 month.

11:35 AM

TCS has received a digital transformation order from SKANSKA. The agreement is based on the MULTI-YEAR partnership with SKANSKA.

On the other hand, Insecticides India will have a board meeting on buyback on 30 March. The buyback will be decided in this meeting.

11:15 AM

While giving its verdict on the banks' loan moratorium, the SC Bench has said that the court is careful in reviewing the economic policy. The court will only review the legal aspects of the policy. 

The government deficit in the epidemic has increased, the GST has decreased. The court cannot pressurize the government and the RBI. It is not possible to forgive the entire interest. Entire interest will not be waived during the Moratorium.

The SC has also refused to extend the moratorium period. Banks have received great relief on the Moratorium. The moratorium period will not extend after 31 August. 

The Supreme Court has also said that in the event of a disaster, the government should take the appropriate decision. There will be no interest on interest during the moratorium.

11:05 AM

There is a strong rally in fertilizer stocks. RCF and NFL 4 have gone up to percent. In a week both stocks have run 15%. The same FACT and DEEPAK FERTILISER have given returns of up to 30 percent in a month.

10:55 AM

Sugar and paper stocks are seeing strong buying. BALRAMPUR CHINI, DHAMPUR, and DWARIKESH SUGAR are showing 2 to 3 percent uptake. At the same time, paper stocks like STAR, RUCHIRA, JK are shining brightly.

10:45 AM

SC's decision on lone MORATORIUM will come today. The market is waiting for the Supreme Court's decision on the Moratorium. The court can lift the ban on banks declaring NPAs. Before the verdict, banking stocks are strong.

10:42 AM

Shares of ADANI GROUP have reached a new peak with a stormy pace. ADANI GAS is the highest run of 9%.

ADANI TRANS and ADANI GREEN have also jumped from 5 to 6 percent. ADANI PORT also ran 4% due to news of part purchase in Gangavaram Port.

10:36 AM

After a good start, the market has lightened from the upper levels. The Nifty has slipped below 14800. Support is coming from HDFC Bank, Adani Ports, and Maruti. 

Bank Nifty is almost 200 points below the day's high. But Midcap's Josh is high. The index is up for the third consecutive day.

10:16 AM

The market continues to grow. At present, the Sensex is seen at 49,890.89 with an increase of 121.65 points i.e. 0.24 percent. 

At the same time, the Nifty is seen at 14,779.55 with a gain of 0.29 percent 43.15. On the other hand, the rupee is open today at 72.37 level without any change.

09:55 AM

GLENMARK PHAR The new drug has been approved by the US FDA. This drug is a generic version of Cardizem Capsules.

09:35 AM

Opinions on HUL from JEFFERIES

JEFFERIES has a Buy rating on HUL and has set a target of Rs 2650.

Opinions on JP MORGAN's HUL

JP MORGAN has given an overweight rating on HUL and has fixed the target at Rs 2550.

09:25 AM

Opinions on CLSA's TATA MOTORS

CLSA gave a buy rating on TATA MOTORS

09:25 AM

Opinions on CLSA's TATA MOTORS

CLSA has a buy rating on TATA MOTORS and set a share target of Rs 425. He says that JLR has seen a 9 percent decrease in total sales in February.

However, there has been a spectacular recovery in the Chinese markets. The US, UK, and EU markets have shown weakness. While Land Rover has outperformed Jaguar. They forecast the company's strong cash flow to continue.

09:20 AM

The opinion of INVESTEC on HUL

INVESTEC has a buy rating on HUL and has fixed a target of Rs 2675. He says that income growth is going on but at the same time a decision on price hike is possible. 

At the same time, due to the increase in cost, it is possible to increase prices. They forecast EPS growth to grow 17 percent in FY21–23 and continue to recover in volume growth.

09:18 AM

The market has started at a rapid pace today. At present, the Sensex is looking at 49,925, up 155 points or 0.31 per cent. At the same time, the Nifty is looking around 14,780 with a gain of 41 points i.e. 0.28 per cent.

09:06 AM

The market has made a grand start in pre-opening today. At present, the Sensex is seen at 50,170 level with an increase of about 400 points i.e. 0.80 percent. At the same time, the Nifty is seen around 14,800 with a gain of 63 points.

08:50 AM

RAILTEL Q3 (YoY) - Conso's profit of the company increased from Rs 43 crores to Rs 69 crores in the third quarter. The company's profit has increased 60 percent year-on-year. 

Conso income of the company has increased from Rs 270 crore to Rs 410 crore during this period. The company has recorded a 52 percent increase in its revenue on an annual basis. 

Other income has come down from Rs 7.8 crore to Rs 7.1 crore. The company has also announced an interim dividend of Re 1 per share.

08:40 AM

Mixed business is being seen in Asian markets. SGX NIFTY is doing flat business. At the same time, Nikkei is seen around 29,245 with an increase of about 0.25 percent. 

Straight Times is also seeing a gain of 0.35 percent. At the same time, the Taiwan market is trading at a level of 16,206 with an increase of 0.10 percent. While Hangseng is seen at 28,612.79 with a weakness of 0.94 percent. 

Kospi is also seeing a weakness of 0.39 percent. While the Shanghai Composite is down 0.66 percent to around 3,420.

08:20 AM

Strategy on nifty

Virendra Kumar of CNBC-Awaaz says that its registration zone is 14790-14819, Bada registration zone 14864-14900, base zone 14625-14580, and Bada base zone 14558-14510. 

Nifty Bank is weak but IT, Pharma, FMCG, and Cement companies are strong. Yesterday was the first base purchase, it will still be important today. 

Buy and buy even in the fall, things will improve above 14790-819. Prior to expiry, the zone of 14510 to 14922 is important.

Hold tomorrow's 14700 calls now.

08:10 AM

Strategy on nifty bank

Virendra Kumar says that its registration zone is 33940-34050, big registration zone 34290-34410, base zone 33372-33210, and big base zone 33050-32910.

There is a risk in this index but still, the base of 33300-33000 is important. Stability closer to 33800-300 is necessary. If found close to the base, longitudinal is possible 34400-500.

08:05 AM

Mahindra Defense has received an order of 1056 Cr from the Ministry of Defense. Order of 1300 Light Specialist Vehicle for Army.

The target is to complete the order in the next 4 years.

Conclusion: 

These were all about today's share market details. Let's see what happens tomorrow. Will it be Bull or Bearish?