CLOSING BELL: The market breadth was firmly in the favour of buyers as the broader markets, too, rose in tandem with the benchmark indices

stock market, markets, brokers, trading, nse, bse, sensex, nifty, rally, coronavirus, covid, lockdown

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	<strong>CLOSING BELL</strong></div>
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	<strong>Stock market highlights:</strong> Amid improved global sentiment, and a relief rally after days of bear hammering, equity markets logged strong gains on Tuesday. Besides, healthy buying in index heavyweights Reliance Industries (up 3.2 per cent, and top large-cap gainer), Bajaj twins, Titan, ICICI Bank, Axis Bank, HDFC twins, Ultratech Cement, and IndusInd Bank added to the gains.</div>
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	The S&P BSE Sensex surged 446 points, or 0.77 per cent, to settle at 58,075 levels today, while the Nifty50 moved past the 17,100-mark to end at 17,107, higher by 119 points or 0.7 per cent.</div>
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	The market breadth was firmly in the favour of buyers as the broader markets, too, rose in tandem with the benchmarks. The S&P BSE Midcap and SmallCap indices closed with gains of up to 0.6 per cent.</div>
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	Among sectors, financial stocks were seen holding the fort with the Nifty Bank, PSU Bank, Pvt Bank, and Financial Services indices gaining up to 2 per cent. The defensive plays, meanwhile, were on the backfoot with the Nifty IT, and FMCG indices down up to 0.8 per cent.&nbsp;</div>

Sensex leaps 446 pts, Nifty tops 17,100 as RIL, Bajaj Fin gain 3%; IT slips

Business Standard

Sensex leaps 446 pts, Nifty tops 17,100 as RIL, Bajaj Fin gain 3%; IT slips | News on Markets - Business Standard

US index futures seen holding gains ahead of FOMC meeting; S&P500 up 0.17%

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Overnight trade :: Wall Street gains on Credit Suisse buyout

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Good morning readers! Catch all live market updates here with Business Standard

Catch all live market updates here with Business Standard

HDFC AMC gains 5% after SBI MF bought over 2% stake via open market

GQG Partners Emerging Markets Equity Fund sold 2.48 million shares in HDFC AMC worth Rs 396.83 crore. <a href="https://www.business-standard.com/article/markets/hdfc-amc-gains-5-after-sbi-mf-buys-over-2-stake-via-open-market-123032100372_1.html?1679382456" target="_blank"><strong>READ MORE</strong></a><br />
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UTI AMC surges 5% after PPFAS MF buys 1.1 million shares via block deal

PPFAS Mutual Fund purchased 1.12 million equity shares representing 0.88 per cent stake in UTI AMC for Rs 71.40 crore. <a href="https://www.business-standard.com/article/markets/uti-amc-surges-8-after-ppfas-mf-buys-1-1-million-shares-via-block-deal-123032100193_1.html?1679372300" target="_blank"><strong>READ MORE</strong></a><br />
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Zee Entertainment zooms 14% in four days on hopes of settlement with lenders

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	Zee had said that the company had been exploring several strategies, including settlement, in relation to the ongoing dispute with IndusInd Bank. <a href="https://www.business-standard.com/article/markets/zee-extends-gain-on-hopes-of-  settlement-with-lenders-up-14-in-4-days-123032100589_1.html?1679389554" target="_blank"><strong>READ MORE</strong></a><br />
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Sensex 30 Heatmap:: 18 Gainers v/s 12 Losers

CLOSING BELL:: S&P BSE Sensex ends 446 points higher at 58,075

This private sector lender saw sharpest intra-day surge in 10 months

The sustenance of gold business as a proportion of book coupled with gradual improvement in non-gold segment to bring diversification and steady RoA are key triggers for future price performance. <a href="https://www.business-standard.com/article/markets/csb-bank-soars-13-sharpest-intra-day-surge-in-10-months-on-heavy-volumes-123032100634_1.html?1679391288" target="_blank"><strong>READ MORE</strong></a><br />
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Zee Entertainment zooms 14% in 4 days on hopes of settlement with lenders

Zee had said that the company had been exploring several strategies, including settlement, in relation to the ongoing dispute with IndusInd Bank. <a href="https://www.business-standard.com/article/markets/zee-extends-gain-on-hopes-of-settlement-with-lenders-up-14-in-4-days-123032100589_1.html?1679389554" target="_blank"><strong>READ MORE</strong></a><br />
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Manappuram Finance extends gain; stock rallies 14% thus far in March

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	Shares of Manappuram Finance gained 3 per cent to quote Rs 116.85 on the BSE in Tuesday&#39;s intra-day trade, extending its past four days&#39; upward movement. Moreover, in the past one week, the stock has rallied 6 per cent as compared to 0.11 per cent decline in the S&amp;P BSE Sensex. <a href="https://www.business-standard.com/article/markets/manappuram-finance-extends-gain-stock-rallies-14-thus-far-in-march-123032100474_1.html?1679384191" target="_blank"><strong>READ MORE</strong></a><br />
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NMDC hikes iron ore lump rate by Rs 100/tonne; fines Rs 200 per tonne

The prices are effective from Tuesday and exclude royalty, district mineral fund (DMF), National Mineral Exploration Trust (DMET), cess, forest permit fee and other taxes, the company said. <a href="https://www.business-standard.com/article/companies/nmdc-hikes-iron-ore-lump-rate-by-rs-100-tonne-fines-rs-200-per-tonne-123032100430_1.html?1679383639" target="_blank"><strong>READ MORE</strong></a><br />
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Nifty Media rises 1%, gains led by Zee, PVR

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Amul aiming to become a total foods and beverages company: MD Jayen Mehta

Commenting on high inflation in the dairy sector and three price hikes in the last one year, Mehta said that it was &#39;imperative&#39; as &#39;cost of feed and fodder is a direct cost to the farmer&#39; <a href="https://www.business-standard.com/article/companies/amul-aiming-to-become-a-total-foods-and-beverages-company-md-jayen-mehta-123032100360_1.html?1679381762" target="_blank"><strong>READ MORE</strong></a><br />
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GQG Partners Emerging Markets Equity Fund sold 2.48 million shares in HDFC AMC worth Rs 396.83 crore. <a href="https://www.business-standard.com/article/markets/hdfc-amc-gains-5-after-sbi-mf-buys-over-2-stake-via-open-market-123032100372_1.html?1679379372" target="_blank"><strong>READ MORE</strong></a><br />
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4 reasons why HSBC thinks Zomato is a great buy at the current levels

HSBC said, Zomato has seen an improvement in the market share it lost to Swiggy, thanks to the launch of Zomato Gold <a href="https://www.business-standard.com/article/markets/4-reasons-why-hsbc-thinks-zomato-is-a-great-buy-at-the-current-levels-123032100345_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Sterling & Wilson jumps 9% as it emerges bidder for Rs 2,100 cr project

Sterling &amp; Wilson offers design, detailed engineering, procurement, construction, installation, commissioning and operations &amp; maintenance services under turnkey EPC and BoS (Balance of System) solutions for utility-scale, rooftop and floating solar power projects. The company also offers solar plus storage solutions. <a href="https://www.business-standard.com/article/markets/sterling-wilson-up-9-on-emerges-successful-bidder-for-rs-2100-cr-project-123032100286_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Hariom Pipe hits new high, up 4% on shareholders nod for preferential issue

The stock of iron &amp; steel products maker surpassed its previous high of Rs 468, touched on March 14, 2023. In past three months, it has zoomed nearly 50 per cent, as compared to 5 per cent decline in the S&amp;P BSE Sensex. Further, in past six months, it skyrocketed 80 per cent, as against 3 per cent fall in the benchmark index <a href="https://www.business-standard.com/article/markets/hariom-pipe-hits-new-high-up-4-on-shareholders-nod-for-preferential-issue-123032100256_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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UTI AMC surges 8% after PPFAS MF buys 1.1 million shares via block deal

UTI AMC is promoted by four PSU sponsors, who collectively own 45.16 per cent. Bank of Baroda, State Bank of India and Life Insurance Corporation of India hold 9.98 per cent each, while PNB holds 15.22 per cent stake. US-based T. Rowe Price International holds another 22.97 per cent stake, the shareholding pattern data shows. <a href="https://www.business-standard.com/article/markets/uti-amc-surges-8-after-ppfas-mf-buys-1-1-million-shares-via-block-deal-123032100193_1.html?1679372300" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-10/23/full/1666541420-7956.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="" width="620" /></div>
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Broader markets in green; SmallCap index up 0.5%, MidCap 0.2%

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Sectoral trends :: Defensives on backfoot, IT worst hit

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Sensex Heatmap :: Over 20 stocks swim in green; Power Grid, Tech M, ITC dip

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Opening Bell :: Nifty at 17,050, advances outshine declines

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Opening Bell :: Sensex edges about 250 pts higher amid relief rally globally

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Currency check :: Rupee opens higher vs US dollar

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Adopt 'buy-on-dips' strategy for Nifty Pvt Bank

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	The magnitude and rapidity of the index&#39;s descent imply that any ensuing recovery is likely to be equally sharp, calling for traders to exercise vigilance and adopt a stringent stop-loss approach set at 19,725.</div>
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	Traders seeking to profit from potential buying opportunities at lower levels should set their sights on the index or its constituents, with targets set at 20,500 and 20,800. <a href="https://www.business-standard.com/article/markets/traders-can-adopt-buy-on-dips-strategy-for-nifty-pvt-bank-ravi-nathani-123032100108_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Crude fall impact :: Windfall tax on crude oil slashed to Rs 3,500/tonne

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	The Centre, late on Monday, slashed the windfall tax on locally-produced crude oil to Rs 3,500 per tonne from Rs 4,400 per tonne earlier. However, it hiked the export duty on diesel from Rs 0.50 per litre to Rs 1 per litre.</div>
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	Petrol and Aviation Turbine Fuel (ATF) have been exempted from the export levy. The new rates will be effective March 21. This is the second rate cut in March. <a href="https://www.business-standard.com/article/economy-policy/windfall-tax-on-crude-oil-slashed-to-rs-3-500-tonne-duty-on-diesel-hiked-123032100109_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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