Ultimate guide on 24 march - Today's Share Market Details

24 March- Today's Share Market Details 

01:35 PM

Traffic has come to a standstill due to a large cargo ship stranded on Egypt's Suez Canal. Canal has traffic jams on both sides. After the news, there has been a great recovery from the lower level in crude oil.

01:20 PM

Increased cases of Corona in the country are having their impact on the D-Street set. On March 24, today, the Sensex-Nifty has fallen by 1% intraday. 

Today, the Sensex has lost nearly 800 points in intraday. At the same time, the Nifty has slipped below 14600. 

Currently, Sensex is down 660 points at around 49,391.77. At the same time, the Nifty has fallen 190 points to around 14600.

01:05 PM

Electricity distribution companies can now come out of long-term contracts to purchase power with companies such as NTPC. The Ministry of Power has changed the rules related to the Power Payments Agreement. 

With this, DISCOM can withdraw from PPA i.e. Power Purchase Agreement. There will be an option to exit on completion of 25 years.

12:50 PM

The market continues to be weak. The backing has created the most pressure. Indian markets have slipped due to weakness in global markets. The Nifty slipped to 14600 in intraday. RIL, ICICI BANK, INFOSYS, and HDFC are under pressure.

Nifty Bank has the highest weakness of 550 points. There is also fatigue in the midcap index after a three-day fast.

12:38 PM

Important meeting on PSU banks has been postponed. A meeting was to be held under the leadership of the NITI Commission VC. The meeting on PSU bank privatization is postponed.

12:20 PM

In an important statement in the industry webinar, Nitin Gadkari has said that the Delhi-Meerut highway will be inaugurated by the end of May.

Electric trucks will come on the market in a year. Lithium-ion battery manufacturing will start in 6 months. Lithium-ion battery manufacturing will start in 6 months. 

The emphasis is on domestic manufacturing of lithium batteries. The annual toll income in 4 years is 1.34 Lk Cr possible.

12:00 PM

Improve sleep

Gold is seen near the 44,800 level on MCX. The dollar has slipped from the 2-week high. Concerns about global recovery have strengthened. There is support from the possibility of delay in global reopening. 

Increased cases of corona in Europe have led to the rise. U Jer Jerome Powell has said that a substantial increase in inflation will not be possible.

11:55 AM

Silver recovery

After yesterday's sharp decline, silver is showing improvement. Silver is trading above Rs 65,000 on MCX. Silver has been supported by the pressure on the dollar.

11:50 AM

Lethargy in crude

Crude is trading in a small range after yesterday's sharp decline. Brent slipped below the $ 61 level. The growing inventory in the US is showing weakness. Funds have reduced long positions.

Concerns about Corona's third wave have increased in Europe. There is a concern about demand recovery in Europe. Nigeria has slashed prices for April. 

Iran has sold crude to China at a discount. The OPEC + meeting will be monitored next week.

11:42 AM

Mixed attitude in metals

Copper is witnessing weakness due to increasing inventory in LME. China will sell 5 lakh tonnes of aluminum from the reserve. 

Concerns have increased with increasing cases of corona in Europe. Metals may come under pressure due to increased tension in the US and China.

11:38 AM

After the rise in sugar prices in the international market, the government is preparing to increase the export of sugar.

For this, the government has once again started negotiating with countries like Malaysia, Indonesia. Till now, contracts for the export of 4.3 million metric tons of sugar have been done.

11:25 AM

TCS has launched new solutions for media and communication service providers. On the other hand, ZYDUS has settled the patent case of Generic Revlimid in the US. Revlimid is a cancer drug.

11:09 AM

Grasim. The fundraising scheme has received board approval. BORROWING limit has been approved to increase to 10,000 crores.

11:02 AM

DALMIA BHARAT. Commercial production has started in the Bengal unit. Commercial production has commenced at the Bengal Cement Works Unit with a capacity of 22.5 lakh tonnes.

10:55 AM

BANK OF MAHARASHTRA and IOB has jumped to 9% before the meeting on the privatization of state-run banks today. 

BANK INDIA and CENTRAL BANK also have great momentum. In the first phase, the name of the banks to be privatized may be selected.

10:50 AM

Paint stocks have brightened as crude oil prices fall. ASIAN, BERGER and INDIGO PAINTS have seen strong gains of up to 2%.

10:40 AM

Pharma stocks are showing strength in a weak market. The Nifty Pharma Index has gained for the fourth consecutive day. AUROBINDO, BIOCON, and DR REDDY'S ran 2 to 4 percent in a week

10:35 AM

The shares of ADANI GROUP are getting a good look. ADANI ENT, ADANI TRANS, ADANI GAS, and ADANI POWER have reached new heights. In a week, the shares of the group have given returns of 15 to 25 percent.

10:27 AM

Anupam Rasayan listing: Today another stock has been listed in the stock market. Anupam Rasayan has been listed on the NSE at a discount of around 4 percent. The stock is listed at Rs 520 on the NSE. While its issue price was Rs 555 per share.

10:20 AM

Bulls have come to dominate the bulls in the market. The Nifty has slipped below 14700. RIL, ICICI BANK, INFOSYS, and SBI are pressurizing. Nifty Bank has the biggest weakness of 500. The midcap index is also tired after three days of fast.

10:10 AM

Gold price today fell to Rs 8000 per 100 grams. In India, the price of gold again decreased by Rs 800 per 10 grams on Wednesday. 

This means, the price of 22-carat gold (22-Carat Gold) today is Rs 43,000 per 10 grams and Rs 4,30,000 per 100 grams. On Wednesday, the price of 24-carat gold (24-carat gold) is Rs 44,000 per 10 grams and Rs 4,44,000 per 100 grams.

According to the Guderiturn website report, the fall in the gold price has been seen since March 19.

10:02 AM

Today, the rupee has weakened 9 paise against the dollar and opened at 72.51 against 72.42.

10:00 am

Know the price of oil in your city

The price of petrol and diesel has been cut on 24 March in Delhi today. Petrol prices have been reduced by 18 paise to Rs 90.99 per liter and diesel has been reduced by 17 paise to Rs 81.30 per liter.

Prices of petrol and diesel have also come down in Mumbai. Petrol is down by 17 paise to Rs 97.40 per liter and diesel prices are down by 18 paise to Rs 88.42 per liter.

In Kolkata also, the price of petrol and diesel has come down today. Petrol prices are reduced by 17 paise to Rs 91.18 per liter and diesel prices are reduced by 17 paise to Rs 84.18 per liter.

Petrol-diesel prices have also come down in Chennai. Petrol prices are down by 16 paise to Rs 92.95 per liter and diesel prices are down by 16 paise to Rs 86.29 per liter.

09:55 AM

Adani Green The company will buy 2 solar assets for 450 crores. Sterling & Wilson will buy 2 solar assets. The enterprise value of 2 solar assets is 450 crores. Will buy 2 solar assets of 75 MW.

09:45 AM

CLSA's opinion on RIL

CLSA has given an outperform rating on RIL and has fixed the target at Rs 2250. He says that strong growth in profits is expected to continue.

It lacks trigger in the short term but has a strong growth story for the long term. The company's Jio, Reliance Retail continues to grow better.

09:34 AM

Opinion on CITI BANK on ADANI PORT

CITI BANK has a buy rating on ADANI PORT and has fixed the target at Rs 935. He says that APSEZ's market share continues to improve in the fourth quarter as well. 

According to him, the impact of recent acquisitions will be seen in the medium term. It is estimated to generate better cash flow. In addition, better acquisitions are expected to continue.

09:20 AM

Opinions on HDFC BANK of JEFFERIES

JEFFERIES has given RATING of purchase on HDFC BANK and has set a target of 1860 rupees for the stock. He says that credit growth has increased due to the increase in market share in corporate loans. 

At the same time, 20 percent annual growth in profits is also expected from FY 2020-23 and RoE is possible at 18 percent in FY 2022.

09:17 AM

The market started with weakness. Sensex is seen at 49,717.43 level with a decrease of 334.01 points i.e. 0.67 percent. The Nifty is down 102.30 points, or 0.69 percent, at the level of 14,712.45.

09:05 AM

The market started with weakness in the pre-opening session. Cessanx is seen at 49,926.77 with a decline of 124.67 points, or 0.25 percent. At the same time, the Nifty is down 74.70 points, or 0.50 percent, at 14,740.05.

08:53 AM

DEEPAK NITRITE. ICRA has long-term rating AA- to AA of the bank facility. Long term outlook is also stable from positive.

08:45 AM

VODAFONE IDEA. The company raised the tariff of the Family Post Paid Plan by 7-9 percent. CLSA says a 1% increase in margins is possible due to the increase in tariffs.

08:36 AM

ROSSARI BIOTECH. The company has raised Rs 300 crore by issuing preferential shares. The preferential shares have been issued at the rate of Rs 996 per share.

08:25 AM

VASCON ENGINEERS. Order of Rs 516.44 crore has been received for setting up 2 medical colleges in UP. Medical colleges will have to be built in Bijnor and Kaushambi.

08:18 AM

Strategy on nifty

Virendra Kumar of CNBC-Awaaz says that its registration zone is 14868-14905, Bada registration zone 14940-14962, base zone 14705-14680, and Bada base zone 14634-14605. 

Dollar index up but getting big support from US Yield. Both the expiry zones touched 14600-14900 in two days. 

The first base for the day is very important, stay on top of it. Keep an eye on 14905, if it turns out, a lot of speed is possible. Will take option trade after opening.

08:03 AM

Strategy on nifty bank

Virendra Kumar says that its registration zone is 34368-34485, Bada registration zone 34661-34749, base zone 33800-33640, and Bada base zone 33500-33390. Bank Nifty has a strong base at 33500-800. 

Long live above 33500-800, large targets above 34368 are possible. HDFC Bank, ICICI Bank, Bandhan Bank are showing new strength.