Tag: stock market

Sensex Zooms 1,148 Points, Nifty Tops 15,200; Financials Steal the Show

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Continuing their winning run for the third session in a row, the BSE Sensex surged nearly 1,148 points to breach the 51,000-level and the NSE Nifty recaptured the 15,200-mark on Wednesday, propped up by intense buying in financial and energy stocks. At the closing bell, the 30-share Sensex was up 1,147.76 points or 2.28 per cent at 51,444.65 – the biggest single-day rise since February 2. Intra-day, the index swung 1,243 points.

Likewise, the NSE Nifty climbed 326.50 points or 2.19 per cent to end at 15,245.60. The Sensex rally was driven by Bajaj FinServ, Reliance Industries, Bajaj Finance, ICICI Bank, HDFC and Axis Bank. Of the 30 Sensex constituents, 27 closed in the green. Foreign investors had bought equities worth Rs 2,223.16 crore on net basis in Indian capital markets on Tuesday, exchange data showed.

Elsewhere in Asia, stock markets extended gains on Wednesday despite an overnight retreat on Wall Street. Meanwhile, Brent Futures rose by 1.84 per cent to trade at $63.77 per barrel. On the forex market front, the rupee rose by 65 paise to end at 72.72 against the US dollar.



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​Reliance Industries, Bank of Baroda, Ruchi Soya Industries: Top Stocks for Investors on March 3

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The stock market on Tuesday, March 2 closed in the green for the second consecutive day, where the BSE Sensex reclaimed the 50,000 mark. The BSE Sensex witnessed a hike of 447.05 points or 0.90 percent to close at 50,296.89, while the NSE Nifty was up by 157.55 points or 1.07 percent to settle the day at 14,919.10. Investors who will be investing in the market today can go through the below-mentioned details to get an idea of which stocks to look for the day.

Top stocks to look for the day are:

Reliance Industries, Bharti Airtel, Vodafone Idea: Reliance Jio got the biggest bid as it acquired 488.35 MHz of spectrum for Rs 57,122.65 crore, followed by Bharti Airtel which picked up 355.45 MHz at Rs 18,698.75 crore and Vodafone Idea with 11.80 MHz for Rs 1,993.40 crore.

Bank of Baroda: The QIP issue and Fixed issue price have been closed by the bank at Rs 81.70 per share.

Ruchi Soya Industries: A pledge has been created by the promoter Patanjali Ayurved Ltd on 48.17 percent stake.

Ircon International: An offer for sale will be opened by the company during March 3-4 and the government will divest 10 percent equity stake in the company with an additional 6 percent as a green shoe option.

Jaiprakash Power Ventures: Disinvestment of 74 percent shareholding in the Jaypee Powergrid has been approved by the company.

Engineers India: The project for execution of consultancy for overall project management and EPCM Services (Phase II) has been awarded to the company by Indian Oil Corporation for capacity expansion of Panipat refinery from 15 MMTPA to 25 MMTPA (P-25 Project). The total project schedule is of 40 months for mechanical completion while the total awarded order value is around Rs 600 crore.

MCX India: Officials of the company will meet Eternity Capital LLP on Mach 3.

Castrol India: The CFO and Wholetime Director of the company on March 28, 2021will join a call with Phillip Capital (India).

Dr Lal PathLabs: Officials of the company on March 3 will meet Alliance Bernstein and on March 4,it will attend Goldman Sachs India Pharma and Healthcare tour 2021 via conference call.

Rail Vikas Nigam: From March 3 to March 5, the management of the company will be participating in a non-deal roadshow through video conferencing.

Mahindra Holidays: On March 3, the officials of the company will meet M&G Investment Management and on March 4 with Nikko Asset Management.



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