Sensex jumps 346pts, Nifty nears 17,100; Adani Enterprises soars 9%, ZEE 3%

CLOSING BELL: Adani Enterprises, Adani Ports, JSW Steel, Eicher Motors, HCL Tech, Bajaj Auto, Ultratech Cement, Tata Motors, and Hero MotorCorp were the large-cap winners

Stock market highlights: Equity markets gyrated between gains and losses on the day of the monthly F&O expiry for March derivatives' series as investors adjusted their positions. However, fag-end buying helped frontline indices settle near day's high level amid robust buying in metal, auto, and financial (especially PSU banks) stocks.

The S&P BSE Sensex ended at 57,960, up 346 points or 0.6 per cent, after trading between 57,524 and 58,122 during the day. The Nifty50, on the other hand, closed at 17,081, up 129 points or 0.76 per cent. It see-sawed over 150 points during the day.

The broader markets, meanwhile, outshone benchmarks with 1.67 per cent gains each.   

Adani Enterprises, Adani Ports, JSW Steel, Eicher Motors, HCL Tech, Bajaj Auto, Ultratech Cement, Tata Motors, and Hero MotorCorp were the large-cap winners, surging up to 9 per cent. Losses in Airtel, Reliance Industries, Asian Paints, ICICI Bank, and Cipal, however, weighed.

4:11 PM

Comment :: 'Market volatility to continue until the global banking system fully recovers'

The home market is being impelled to stay non-sticky in both directions by the continuous instability in the international market. The domestic market's favourable ending was supported by a significant upswing in both the US and European markets. This volatility is expected to continue until the global banking system gets fully recovered from the turmoil, along with a confirmation of the Fed's decision to pause rate hikes.

Views by: Vinod Nair, Head of Research at Geojit Financial Services.

4:09 PM

BSE Stats :: Advance-Decline breadth favours buyers in 2:1 ratio

4:02 PM

Currency check :: Rupee ends at 82.34/$ against Tuesday’s close of 82.19/$

3:58 PM

Zee Entertainment advances over 3% as it settles dispute with IndusInd Bank

3:56 PM

Symphony tumbles nearly 6% as stock turned ex-date for buyback

3:54 PM

South Indian Bank crashes 13% as CEO announces exit

The bank’s board on Tuesday considered Ramakrishnan’s request for not intending to continue on his post and appointed a search committee for his replacement.

“Due to personal reasons I do not want to see a reappointment. My family requires my presence. I have six more months. All initiatives taken and those we are taking will be in good share. The search committee will go through a rigorous process to appoint the successor,” said Ramakrishnan on Wednesday. READ MORE

3:51 PM

Sector check :: Nifty Metal index gains 2% amid 9% surge in Adani Ent stock

3:49 PM

Sector check :: All 12 constituents of PSU bank index up; UCO Bank, Union Bank gain up to 8%

3:47 PM

Broader markets outperform large-caps; Mid, SmallCap indices rise 1.7% each

3:45 PM

Sectoral trends :: PSU Banks, Metals lead broad-based buying

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3:43 PM

Sensex Heatmap :: 26 stocks settle higher in a choppy session; RIL, Airtel cap gains

3:39 PM

CLOSING BELL :: Nifty ends near 17,100

3:37 PM

CLOSING BELL :: Sensex jumps over 300 pts

3:29 PM

ALERT :: Gujarat Gas cuts industrial segment prices by Rs 3.59/scm effective April 1, 2023, say reports

3:19 PM

Bharti Airtel falls 3% in two days; stock nears 6-month low

According to analysts at JP Morgan, the launch of cheaper postpaid plans with unlimited 5G by Reliance's Jio has put rival Bharti Airtel on the back foot in the Indian marke,t and may delay recovery in its key profit metric. READ MORE