Sensex swings 728 pts intraday, ends 90 pts up ahead of US Fed outcome

Stock market highlights on March 20: In the broader markets, the BSE MidCap and SmallCap indices ended mixed. The former added 0.05 per cent, but the latter shed 0.14 per cent

Closing Bell on March 20: Equity markets were extremely volatile on Wednesday as investors adjusted their positions ahead of the US Federeal Reserve policy decision, scheduled to be released tonight.

The S&P BSE Sensex swung 728 points intraday before closing 90 points (0.12 per cent) higher at 72,102 levels. The Nifty50, too, traded between 21,710 and 21,931 levels today before ending at 21,839, up 22 points (0.1 per cent). 

Maruti Suzuki, Nestle India, Power Grid, ITC, Tech M, Reliance Industries, Bajaj Finance, and SBI were the top Sensex gainers today, while Tata Steel, Tata Motors, Axis Bank, HDFC Bank, HUL, JSW Steel, and HCL Tech were the top laggards.

In the broader markets, the BSE MidCap and SmallCap indices ended mixed. The former added 0.05 per cent, but the latter shed 0.14 per cent.

Further, among sectors, the Nifty Metal index fell 0.88 per cent, and the Nifty FMCG rose 0.5 per cent. 

4:07 PM

COMMENT:: Robust FII, DII flows helped market recover

"Lifted by favourable global sentiment and solid direct tax collection, Indian markets rebounded, closing with modest gains. Robust FII & DII inflows sustained the market. As per latest market consensus, the odds of rate cut in June have reduced. The US Fed is likely to delay the cut rate to the latter part of the year due to a resilient economy. Domestic mid & small caps are likely to lag large caps driven by premium valuations, in the short-term."

 

- Vinod Nair, Head of Research at Geojit Financial Services

 

4:01 PM

VIEW:: Bank Nifty to resume uptrend only after conquering hurdle at 47,000

"The Bank Nifty encountered another round of volatility, with the ongoing struggle between bulls and bears persisting, particularly ahead of the US Fed meeting. Key support lies within the 46,000-45,800 zone, and maintaining these levels on a closing basis suggests a continued bullish stance. Immediate resistance is positioned at 47,000, coinciding with the 20-DMA, and a decisive close above this level could reignite the upward trend, targeting levels around 48,000-48,500."

 

- Kunal Shah, Senior Technical Analyst at LKP Securities

3:45 PM

Market breadth was fairly negative; Nearly 2,200 stocks declined, while 1,600 shares advanced on the BSE

3:43 PM

BSE Smallcap Heatmap:: Metro Brands zooms 19%; Rama Steel, Tata Chem slump up to 12%

3:41 PM

BSE Midcap Heatmap:: CG Power soars 6%, Oil India 4%; Gland Pharma slips 4%

3:39 PM

Broader Market Check:: Broader indices too end on a flat note; VIX dips 4.5%

3:37 PM

Sensex 30 Heatmap:: 20 Gainers v/s 10 Gainers

3:35 PM

CLOSING BELL:: NSE Nifty50 settles 22 points higher at 21,839

3:33 PM

CLOSING BELL:: S&P BSE Sensex ends with a gain of 90 points at 72,102 amid volatility

3:27 PM

Tata Chemicals stock slides over 7%; Here's why

Apart from Tata Chemicals, shares of other Tata Group companies were also trading in red. Tata Motors dipped for a third consecutive trading session on Wednesday. READ MORE

3:23 PM

Global check: US, UK stock futures flat to marginally negative ahead of Fed meet outcome

Source: Investing.com

3:15 PM

TCS sets up Pace Port in London to promote business, tech collaboration

Tata Consultancy Services (TCS) has opened a dedicated innovation hub in London that will help businesses in the United Kingdom “harness cutting-edge technology” and collaborate, said the Indian company on Wednesday. READ MORE

3:03 PM

Market check: Sensex exhibits volatility; turns flat again

2:52 PM

Sector ALERT:: BSE Power index up over 1%; CG Power, Power Grid lead

2:39 PM

ALERT:: Capri Global reports Gold loand AUM of Rs 3,000 cr; stock down 2%

Capri Global Capital in an exchange filing today the company's Gold loan business commands an AUM of Rs 3,000 crore with more than 4 lakh customers within 18 months.

 

The company processes 5,000 loans on a daily basis, from over 750 branches across 9 states, the release added.