Market LIVE Updates of March 31, 2022

March 31st 2022 @ 3:38 PM
Market Closed : Sensex dragged the index to a low of 58,486 and Nifty down 33 points
Benchmark indices see-sawed in trade on Thursday as investors adjusted their positions ahead of the monthly F&O expiry. Besides, largely tepid global mood amid geopolitical and economic uncertainty after Russia's invasion of Ukraine kept gains in check. The S&P BSE Sensex started gap-up with gains of around 100-odd points, and extended rally to hit a high of 58,891. However, selling in the second half of the session dragged the index to a low of 58,486. The index, eventually, closed at 58,568, down 115 points or 0.2 per cent. On the NSE, the Nifty50 gyrated between 17,560 and 17,435 before settling at 17,465, down 33 points or 0.2 per cent. The BSE MidCap and SmallCap indices, meanwhile, outperformed the frontline indices and closed 0.3 per cent higher each. From a sectoral view point, the NSE Pharma index slipped 1.3 per cent, followed by the Nifty PSU Bank index (down 0.8 per cent) and IT index (down 0.4 per cent). Among gainers, the Nifty FMCG index advanced 1.2 per cent, while the Nifty Private Bank and Realty indices added 0.3 per cent each. M&M, JSW Steel, Britannia, HUL, Axis Bank, Tata Consumer Products, ONGC, Hero MotoCorp, and IndusInd Bank were the leaders on the Nifty today, rallying upwards of a per cent each. On the flipside, Hindalco tumbled 5 per cent, followed by Divis Labs, Apollo Hospitals, RIL, Wipro, Eicher Motors, Dr Reddy's Labs, and Cipla.

March 31st 2022 @ 3:28 PM
Dhanlaxmi Bank jumps on RBI nod for opening new branches
Dhanlaxmi Bank jumps on RBI nod for opening new branches

March 31st 2022 @ 3:18 PM
Yatharth Hospital files draft papers with SEBI to raise funds via IPO
Yatharth Hospital and Trauma Care Services Ltd has filed draft papers with the Securities Exchange Board of India (SEBI) to raise funds via an initial public offering (IPO). The IPO comprises a fresh issue of Rs 610 crore and an offer for sale (OFS) of up to 6.55 million shares by current shareholders and promoters. The OFS consists of up to 3.74 million shares by Vimla Tyagi, up to 2.02 million shares by Prem Narayan Tyagi and up to 787,000 shares by Neena Tyagi. The proceeds from the issue will be used to repay debt of the company and its arm AKS Medical and Research Centre and Ramraja worth Rs 250 crore, as on February 28, 2022, total borrowings of the Yatharth Hospital and its arm stood at Rs 103.35 crore and Rs 152.51 crore, respectively.

March 31st 2022 @ 3:10 PM
L&T appoints ex-Citi India head Pramit Jhaveri as director
L&T appoints ex-Citi India head Pramit Jhaveri as director

March 31st 2022 @ 3:07 PM
Veranda IPO subscribed 2.63 times on the final day of bidding.
The maiden public offer of Veranda Learning Solutions, which offers online and offline coaching services, has seen good response from investors with the issue being subscribed 2.63 times till the afternoon of the final day of bidding on March 31. Investors have put in bids for 3.1 crore equity shares against an offer size of 1.17 crore units. Retail investors remained ahead with subscribing 9.45 times the portion set aside for them. Non-institutional investors have bid 1.44 times their allotted quota, while qualified institutional buyers have subscribed shares 1.67 times the total reserved portion.

March 31st 2022 @ 3:04 PM
Prakash Industries Ltd rise by 11.56 percent, quoting at Rs 75.75 up Rs 7.85 or 11.56 percent on the BSE.
Prakash Industries Ltd rise by 11.56 percent, quoting at Rs 75.75 up Rs 7.85 or 11.56 percent on the BSE.

March 31st 2022 @ 2:58 PM
Hariom IPO subscribed 1.25 times on the second day of bidding
Total subscription at 1.25 times, retail portion booked 3.13 times on Day 2 of bidding. The initial public offering (IPO) of Hariom Pipe Industries had been subscribed 1.25 times by the afternoon of March 31, the second day of bidding, receiving bids for 1.06 crore equity shares against an offer size of 85 lakh shares. Retail investors remain at the forefront, subscribing 3.13 times their allotted quota, while non-institutional investors had put in bids for 6 percent of the shares reserved for them and qualified institutional investors, so far, bought 44 percent shares of allotted quota.

March 31st 2022 @ 2:51 PM
Top tourism & hospitality losers
Top tourism & hospitality losers

March 31st 2022 @ 2:32 PM
NIFTY FCMG rallies over 1%; top gainers & losers from pack
NIFTY FCMG rallies over 1%; top gainers & losers from pack

March 31st 2022 @ 2:18 PM
Stocks that have hit 52-week high in trade today
Stocks that have hit 52-week high in trade today

March 31st 2022 @ 2:15 PM
Sensex falls over 130 points
Sensex falls over 130 points

March 31st 2022 @ 2:14 PM
Hindalco Industries share price shed over 4 percent
Share price of Hindalco Industries shed over 4 percent after CLSA downgraded the stock to outperform and has cut target to Rs 695 from Rs 710 per share. "Unveiled a $8 billion capex plan over the next five years. With at least a mid-teen IRR expected, execution will be the key. It highlighted headwinds for Novelis which could impact Q4 earnings. Hindalco was trading at Rs 571.40, down Rs 28.40, or 4.73 percent. It has touched an intraday high of Rs 599.65 and an intraday low of Rs 570.20.

March 31st 2022 @ 12:45 PM
Veranda IPO subscribed 1.54 times on the final day of bidding
The maiden public offer of Veranda Learning Solutions, which offers online and offline coaching services, has seen good response from retail investors with the issue being subscribed 1.54 times till the morning of the final day of bidding on March 31. Investors have put in bids for 1.81 crore equity shares against an offer size of 1.17 crore units. Retail investors remained ahead with subscribing 8.27 times the portion set aside for them. Non-institutional investors have bid 1.14 times their allotted quota, while qualified institutional buyers have subscribed to 35 percent for the total shares allocated to them.

March 31st 2022 @ 12:36 PM
India may see above normal temperature in April: Met department
India may see above normal temperature in April

March 31st 2022 @ 12:34 PM
Edelweiss Financial Services Ltd rise by 14.33 percent, quoting at Rs 58.25 up Rs 7.30 or 14.33 percent on the BSE.
Edelweiss Financial Services Ltd rise by 14.33 percent, quoting at Rs 58.25 up Rs 7.30 or 14.33 percent on the BSE.

March 31st 2022 @ 12:20 PM
Market update : Sensex is down 74.1 points and the Nifty lost 12.9 points
Sensex is down 74.1 points or 0.13% at 58609.89, and the Nifty lost 12.9 points or 0.07% at 17485. Sensex is down 74.1 points and the Nifty lost 12.9 points

March 31st 2022 @ 11:51 AM
Most IT stocks trade marginally in the red
Most IT stocks trade marginally in the red

March 31st 2022 @ 11:47 AM
GAIL India Board approves buyback of shares of up to 5.7 cr shares at Rs 190 per share
The Board of Directors of the Company in their meeting held today has approved buyback of the fully paid up equity shares of the company of face value of Rs 10 each not exceeding five crore sixty nine lakh eighty five thousand four hundred and sixty three fully paid up equity shares of face value of Rs 10 each (representing 1.28% of the total number of fully paid-up equity shares in the paid-up share capital of the Company) at a price of Rs 190 per equity share payable in cash for an aggregate consideration not exceeding Rs 1,082 crore representing 2.50% and 2.22% of the aggregate of the fully paid-up equity share capital and free reserves

March 31st 2022 @ 11:24 AM
The Power index added half a percent led by Adani Power, NHPC, Adani Green, Torrent Power
The Power index added half a percent led by Adani Power, NHPC, Adani Green, Torrent Power

March 31st 2022 @ 11:07 AM
Tata Sons sells 0.7% stake in TCS in the recent share buyback
Tata Sons, promoter of Tata Consultancy Services, sold 24.8 million shares of the company through the recently concluded share buyback plan of the information technology major, a disclosure by the company showed. TCS’ share buyback saw record participation from investors with the company receiving more than seven times the shares it had proposed to buyback from its shareholders. The company had offered to buy 40 million shares from shareholders at Rs 4,500 apiece, a significant premium to the stock’s market prices. Tata Sons netted close to Rs 11,164 crore from tendering its shares. The inflow of funds is time for Tata Sons given its recent investment in Air India and its other digital ventures.

March 31st 2022 @ 11:04 AM
Market update : Sensex is up 84.27 points and the Nifty added 27.70 points
Sensex is up 84.27 points or 0.14% at 58768.26, and the Nifty added 27.70 points or 0.16% at 17526. Sensex is up 84.27 points and the Nifty added 27.70 points

March 31st 2022 @ 10:45 AM
Apollo Hospitals falls on Nifty inclusion
Apollo Hospitals falls on Nifty inclusion

March 31st 2022 @ 10:42 AM
Foreign investors withdrew most in Ruchi Soya FPO
Foreign investors have withdrawn most of their bids, while high net-worth and retail investors saw only a minor pullback in Ruchi Soya Industries Ltd follow-on public offer, according to data from the BSE. Some 14,583 applications, amounting to 9.74 million shares, were withdrawn as of March 30, the data showed. Qualified institutional bidders withdrew 7.86 million bids, while high net-worth investors recalled 1.31 million. Retail investors withdraw 5.70 lakh shares. With this withdrawal, the overall subscription fell to 3.39 times compared to 3.6 times on March 28.

March 31st 2022 @ 10:29 AM
Veranda IPO subscribed 1.34 times on the final day of bidding.
The maiden public offer of Veranda Learning Solutions, which offers online and offline coaching services, has seen good subscription from retail investors as it has been subscribed 1.34 times so far by the morning March 31, the final day of bidding. Investors have put in bids for 1.57 crore equity shares against offer size of 1.17 crore equity shares. Retail investors remained ahead with subscribing 7.23 times the portion set aside for them. Non-institutional investors have bid 1.06 times their allotted quota, while qualified institutional buyers have subscribed to 28 percent for the total shares allocated to them.

March 31st 2022 @ 10:05 AM
Market update : Sensex is up 161.45 points and the Nifty added 46.50 points
Sensex is up 161.45 points or 0.28% at 58845.44, and the Nifty added 46.50 points or 0.27% at 17544.80.  Sensex is up 161.45 points and the Nifty added 46.50 points

March 31st 2022 @ 9:46 AM
Sector Watch: PSU Bank, Realty worst losers
Sector Watch : PSU Bank, Realty worst losers

March 31st 2022 @ 9:33 AM
Most active stocks on NSE
Most active stocks on NSE

March 31st 2022 @ 9:24 AM
Sensex at pre-open market
Sensex at pre-open market

March 31st 2022 @ 9:22 AM
Nifty at pre open market
Nifty at pre open market

March 31st 2022 @ 9:20 AM
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Intraday Tips
Stock Name Open Price Trend Details
Reliance 1930.10 Buy  Click Here
Asian Paints 2577.00 Buy  Click Here
HDFC 2448.00 Buy  Click Here
HDFCAMC 2790.00 Buy  Click Here
TCS 3120.00 Buy  Click Here

NSE Top Gainers/Losers
COMPANY LTP %CHNG VOLUME
ITC 253.75 1.83 1,26,68,576
M&M 807.10 1.73 48,32,584
JSWSTEEL 728.65 1.55 42,75,780
TATACONSUM 776.30 1.36 21,46,724
HINDUNILVR 2,043.00 1.34 16,38,568
COMPANY LTP %CHNG VOLUME
HINDALCO 569.90 -4.98 1,67,38,310
DIVISLAB 4,431.15 -2.37 3,48,495
APOLLOHOSP 4,525.45 -1.94 8,77,622
RELIANCE 2,634.00 -1.46 33,99,115
CIPLA 1,014.65 -1.39 12,17,592