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Market wrap on March 26, 2024: The NSE Nifty 50 shed 92 points, but managed to end above 22,000-mark. The BSE MidCap index, outperformed and finished with a gain of 0.7 per cent.

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	<strong>Stock market highlights: </strong>Equity benchmark indices languished in the negative zone on Tuesday weighed by persistent selling in key index heavyweights such as - Reliance, HDFC Bank, Infosys and Bharti Airtel.&nbsp;</div>
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	The S&P BSE Sensex hit a low of 72,363, and finally settled 362 points lower at 72,470. In the process, the BSE benchmark snapped its 3-day winning streak, wherein the BSE benchmark had gained 821 points.<br />
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		The NSE Nifty 50 fell to a low of 21,948, but eventually managed to hold the 22,000-mark as it closed with a loss of 92 points at 22,005.</div>
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		Power Grid and Bharti Airtel were the biggest per centage losers among the Sensex 30, down 2 per cent each. Whereas, HDFC Bank, Reliance and Bharti Airtel cumulatively accounted for a loss of 250 points on the BSE benchmark.</div>
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		On the other hand, Bajaj Finance, Larsen & Toubro, NTPC and Axis Bank were among the few notable largecap movers.</div>
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		In the broader market, the BSE MidCap index outperformed and finished with a gain of 0.7 per cent. The SmallCap index ended marginally in red, down 0.1 per cent.<br />
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Sensex snaps 3-day winning run, ends 362 pts down; Airtel, HDFC Bank drag

Business Standard

Sensex snaps 3-day winning run, ends 362 pts down; Airtel, HDFC Bank drag | News on Markets - Business Standard

Asian markets :: Kospi bucks weak trend, hits 2-year high

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Wall Street :: Indices lose ground overnight

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IPO Update :: SRM Contractors issue subscribed 2.7x till 3:30 PM on Day 1

&gt;&gt; Bidding is led by NIIs<br />
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&gt;&gt; Bidding closes at 5:00 PM<br />
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Broader markets :: Indices end mixed after choppy day; MidCap index rises 0.7%

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Sectoral trends :: Media index falls the most, Realty outshines

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Sensex Heatmap :: Airtel, Wipro, HDFC Bank keep benchmarks in check

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CLOSING BELL :: Nifty barely holds 22,000

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Mid-, Small-Caps: Correction coming to an end; Time to buy, says Nuvama

Equity markets, the mid- and small-cap stocks, in particular have witnessed a correction in month of March, while the frontline stocks outperformed. The NSE MidCap 100 index so far this month has declined 2.1 per cent, and the Nifty SmallCap 100 has shed 5.8 per cent. In comparison, the Nifty 50 has gained 0.3 per cent. <a href="https://www.business-standard.com/markets/news/mid-small-caps-correction-coming-to-an-end-time-to-buy-says-nuvama-124032600332_1.html?1711441072" target="_blank"><strong>Read</strong><br />
<img alt="Buy, Sell, markets, stocks, shares, investments, mutual funds, investors" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-04/13/full/1618336139-1053.jpg?im=FeatureCrop,size=(826,465)" style="height: 338px; width: 600px;" /></a>

Sanghvi Movers up 9%, hits 52 week high on incorporation of subsidiary

Shares of Sanghvi Movers, a major player in the crane rental industry moved up 9 per cent at Rs 1,256 a piece in Tuesday&rsquo;s intra day deals on BSE. In comparison, the BSE Sensex was down 0.33 per cent at 72,564 levels. <a href="https://www.business-standard.com/markets/news/sanghvi-movers-up-9-hits-52-week-high-on-incorporation-of-subsidiary-124032600365_1.html?1711439537" target="_blank"><strong>Read</strong><br />
<img alt="shares" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-12/06/full/1638731864-6186.jpg?im=FeatureCrop,size=(826,465)" style="height: 338px; width: 600px;" /></a>

RVNL zooms 6% on signing MoU with Airport Authority of India worth 294 cr

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	Shares of Railway Vikas Nigam Limited, the construction arm of Indian Railways zoomed 6 per cent at Rs 265 a piece in Tuesday&rsquo;s intraday trade against a 0.36 per cent dip in BSE Sensex.&nbsp;</div>
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	The rally in the stock was seen after the company on March 22 notified the exchanges on entering into a Memorandum of Understanding (MoU) with the Airports Authority of India (AAI) to build an underpass linking the operational area to the AAI residential colony in Kolkata. The project is estimated to cost Rs 229.43 crore. <a href="https://www.business-standard.com/markets/news/rvnl-zooms-6-on-signing-mou-with-airport-authority-of-india-worth-294-cr-124032600265_1.html" target="_blank"><strong>Read more</strong></a></div>
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		<img align="" alt="Indian Railways, trains for lower income groups" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-07/20/full/1689842774-8416.jpeg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 338px;" title="Indian Railways, trains for lower income groups" /></div>
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Life insurance shares in focus; Max Financial, HDFC Life rally up to 6%

In a relief for life insurance company investors, regulator Irdai has retained most existing surrender charges in the revised product regulations. However, policyholders who cancel their policies will not get as much as what was proposed under the draft exposure norms, which were aimed at curbing mis-selling in December 2023, reports suggedted. <a href="https://www.business-standard.com/markets/news/life-insurance-shares-in-focus-max-financial-hdfc-life-rally-up-to-6-124032600248_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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With mercury rising, analysts foresee summer surge for consumer durables

&ldquo;Cooling products like coolers, ACs, and fans, thus, may see peak sales from March through May. As a result, the fourth quarter (Q4)/Q1 may see strong quarters for consumer durables companies. Early signs indicate that this year&rsquo;s summer season could be exceptionally strong due to the early arrival of hot weather. Thus, we anticipate strong performance across the cooling product range,&rdquo; said Anil R, a research analyst at Geojit Financial Services. <a href="https://www.business-standard.com/industry/news/with-mercury-rising-analysts-foresee-summer-surge-for-consumer-durables-124032500447_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Breakout stocks: SRF, Shoppers Stop can rally up to 10%, hint tech charts

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	Alok Industries, Chambal Fertilisers, Shoppers Stop and SRF are among the select Nifty 500 stocks that seemed to have turned favourable, and hold promise of a potential trend reversal, based on the recent price action.</div>
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	These four stocks have managed to scale back above the 30-day EMA (Exponential moving&nbsp;Average) and further the Parabolic SAR (Stop and Reversal) indicator signaled a favourable trend going ahead. <a href="https://www.business-standard.com/markets/news/breakout-stocks-srf-shoppers-stop-can-rally-up-to-10-hint-tech-charts-124032600202_1.html" target="_blank"><strong>Read more</strong></a><br />
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Trust Fintech SME IPO opens today: Check GMP, anchor issue & other details

The initial public offering (IPO) of small and medium enterprise (SME) Trust Fintech will open for public subscription on Tuesday, March 26 and close on Thursday, March 28. The price band for the offer is Rs 95-101 and the company is aiming to raise Rs 63.45 crore via a fresh issue of nearly 6.3 million shares. <a href="https://www.business-standard.com/markets/news/trust-fintech-sme-ipo-opens-today-check-gmp-anchor-issue-other-details-124032600112_1.html" target="_blank"><strong>Read more</strong></a><br />
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Heatmap: Tata Motors, Bajaj Fin up in opening deals

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Pre-Open Session :: Sensex declines over 400 points

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Rupee expected to regain its lost ground against Dollar in April: BS Poll

While domestic fundamentals remain robust, external factors continue to exert pressure on the Indian currency. In the current financial year, the rupee has depreciated by 1.5 per cent, and by 0.3 per cent in the current calendar year. It fell 7.8 per cent in the previous financial year (FY23). In CY23, the Indian currency experienced a marginal depreciation of 0.6 per cent against the greenback, marking the least volatility seen in nearly three decades.&nbsp; <a href="https://www.business-standard.com/economy/news/rupee-expected-to-regain-its-ground-against-dollar-in-april-bs-poll-124032500431_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Fundraising through SME IPOs hit a new high in FY24, Rs 5,579 crore raised

The BSE SME IPO index, which tracks the stock price of companies listed on BSE&rsquo;s SME platform, has more than doubled so far this financial year. During the same period, the BSE IPO Index, which tracks the performance of newly-listed firms on the mainboard, has risen 67 per cent. <a href="https://www.business-standard.com/markets/news/fundraising-through-sme-ipos-hit-a-new-high-in-fy24-rs-5-579-crore-raised-124032500218_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Stocks to watch: UltraTech, Mankind Pharma, RIL, RVNL, Lupin

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	<strong>UltraTech Cement: </strong>The company has added 1 million metric tonnes per annum (MTPA) of brownfield cement capacity at its Uttarakhand unit, bringing the total unit capacity to 2.1 MTPA.<br />
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	<strong>Mankind Pharma:</strong> Beige is planning to sell up to a 2.90 percent stake in Mankind Pharma through block deals, reported CNBC TV 18. The offer price is expected to be in the range of Rs 2,103-2,214 per share, representing a discount of 0-5 percent to Friday&#39;s closing price. Presently, Beige holds a 2.99 percent stake in Mankind. <a href="https://www.business-standard.com/markets/news/stocks-to-watch-on-march-26-ultratech-mankind-pharma-ril-rvnl-lupin-124032600073_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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ALERT :: Gift Nifty futures hint at tepid start

&gt;&gt; At 8:25 AM, the index was at 22,112 levels, down 53 points

Sensex snaps 3-day winning run, ends 362 pts down; Airtel, HDFC Bank drag

Market wrap on March 26, 2024: The NSE Nifty 50 shed 92 points, but managed to end above 22,000-mark. The BSE MidCap index, outperformed and finished with a gain of 0.7 per cent.

Asian markets :: Kospi bucks weak trend, hits 2-year high

Wall Street :: Indices lose ground overnight

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