Ajit Mishra, VP - Research, Religare Broking

Markets started the new financial year on a robust note led by optimism in the global markets. The announcement by US President Joe Biden to invest USD 2.3 trillion in infrastructure boosted sentiments. Initially, the benchmark opened gap up but gains fizzled out gradually as the day progressed. However in the second half healthy buying amongst the sectors such as metals, banks, auto supported markets to steadily inch higher.

Markets are likely to take cues from global peers as stimulus package announcement in the US last night led to renewed buying interest in the global markets. In the near term, positive bias is expected to continue however, rising COVID cases in India would remain a key concern. As Q4 earnings season is approaching, Investors focus will shift to earnings announcements and management commentary.

Apr 1, 2021 4:08 PM

Manish Hathiramani, Proprietary Index Trader and Technical Analyst, Deen Dayal Investments

Once again the Index has nudged closer to the important level of 14,950. Due to a trading holiday tomorrow, we would need to evaluate this next week: If we can cross 14,950, we should be able to resume the uptrend and head towards 15,300. If we resist and take a U-turn again, we will be sideways and if we break 14,500, we will revisit the recent lows of 14,200-14,250. Hence, we are at a crucial juncture from where a trading opportunity on the upside or downside may emerge.

Apr 1, 2021 4:06 PM

Apr 1, 2021 4:05 PM

Apr 1, 2021 3:58 PM

Apr 1, 2021 3:56 PM

Here are key stocks that moved the most on April 1

The Sensex ended 520 points higher at 50,030 while the Nifty rose 176 points to settle at 14,867.Get latest Market online at cnbctv18.com

Apr 1, 2021 3:45 PM

Highlights of Market Performance This Week

- Market Snaps 2-week Losing Streak; Sensex & Nifty Up Over 2% Each

- All Sectoral Indices Give Positive Returns; Metal, PSU Bank Gain The Most

- Nifty Bank Rises 1.6% & Midcap Index Nearly 4% For The Week

- Both Nifty Bank & Midcap Index Post Biggest Gains Since Budget Week

- 46 Nifty Stocks Record Gains; JSW, Tata Steel, UPL Up Over 10% Each

Apr 1, 2021 3:43 PM

Market At Close

- Market Closes At 2-week Highs, Led By Financials

- Benchmark Indices Gain 1%, Nifty Bank & Midcap Index Up 2% Each

- Sensex Rises 512 Points To 50,030 & Nifty 177 Points To 14,867

- Nifty Bank Gains 554 Points To 33,858 & Midcap Index 425 Points To 24,118

- Market Breath Firmly In Favour Of Advances; Advance-Decline ratio At 5:1

- 42 Nifty Stocks Close In The Green; JSW Steel, Hindalco, Tata Steel Top Gainers

- Steel Cos Hit Multi-Yr Highs On Strong Outlook; JSW Up 8%, Tata Steel Up 6%

- Cement Cos Rise On Reports On Price Rise; UltraTech Up Over 2%

- Most Auto Companies move Higher On Higher March Sales; Nifty Auto Up 2%

- Dish TV Surges 11% After Getting Nod From I&B Min For DTH Licence

- Voda Idea, GMR, Info Edge, Dr Lal, Bandhan Bank Top Midcap Gainers

Apr 1, 2021 3:42 PM

Closing Bell | The Indian benchmark equity indices ended with strong gains Thursday led by a rally in metals, banks and auto stocks amid positive global cues. The Sensex surged 520.68 points, or 1.05 percent to end at 50,029.83, while the Nifty closed 176.65 points, or 1.20 percent higher at 14,867.35. Broader markets outperformed the benchmarks as Nifty Midcap100 jumped 1.79 percent, while Nifty Smallcap100 ended 2.09 percent higher.

Among sectors, the Nifty metal index jumped 5 percent while the auto, banking and fin services indices were up between 1 percent and 2 percent for the day. Meanwhile, Nifty Pharma and Nifty IT rose 0.7 percent and 0.5 percent, respectively. FMCG index ended in the red.

On the Nifty50 index, JSW Steel, Hindalco, Tata Steel, Adani Ports, and IndusInd Bank were the top gainers while HUL, Nestle, HDFC Life, Divi's Labs and TCS led the losses.

Apr 1, 2021 3:39 PM

Rewind FY21: How RBI came to rescue the economy

Today, as the curtains come down on one of the most unprecedented years and the new financial year begins, CNBC-TV18’s Ritu Singh takes us through how the last year was and how the Reserve Bank of…

Apr 1, 2021 3:23 PM

Hemmo Pharma's acquisition to aid Piramal's capability to make peptides: Piramal Enterprises

Piramal Enterprises’ arm Piramal Pharma acquired 100 percent stake in Hemmo Pharmaceuticals for Rs 775 crore. This acquisition will give the company the capability to manufacture peptide active pharmaceutical ingredient (API). Nandini Piramal, Executive Director of Piramal Enterprises said that the acquisition will the company expertise to make peptides, which are used in oncology as well as diabetes and obesity drugs. "Majority of these peptides are injectables and this will allow us to integrate with our injectable facility in Lexington, Kentucky,” she told CNBC-TV18. Read more.

Apr 1, 2021 3:17 PM

Global Markets: US spending boom offsets Europe's lockdown blues

World stocks ran higher on Thursday following their slowest quarter in a year, as US economic strength offset the return to strict COVID lockdown measures in parts of Europe and elsewhere. US President Joe Biden's sweeping $2.3 trillion plan to rebuild America's crumbling infrastructure lifted MSCI's 50-country world index for a second day running, while oil jumped 1.5 percent before an OPEC meeting. Asian markets had seen a strong finish with a late burst pushing Chinese shares up 1.2 percent, and Europe's STOXX 600 shrugged off France's new lockdown order to push back towards its pre-COVID record highs. The euro edged up, too, and euro zone bond yields held their ground, as the European Central Bank's chief economist reiterated that the ECB had no intention of curbing its support despite rising inflation, a Reuters report said.

Apr 1, 2021 3:12 PM

April 2021 looking better YoY; expect more stability hereon, says Indiabulls Housing’s Gagan Banga

April 2021 is looking much better year-on-year (YoY) and we expect more stability hereon, said Gagan Banga, vice chairman & managing director of Indiabulls Housing Finance, on Thursday. CRISIL has upgraded the rating outlook for Indiabulls Housing to stable and this is the first rating upgrade for the company in two years.

Speaking to CNBC-TV18, Banga said, “There is a lot of work to be done as far as collections etc., is concerned and we have to very careful, but businesses are still seeing an upswing. We are certainly in a better place as compared to April 2020. Therefore, overall I imagine that the stability in the situation should only keep getting better from here.” Read more.

Apr 1, 2021 3:06 PM

Lodha Group's Macrotech Developers to launch IPO on April 7; check issue size, price band, other key details

Mumbai-based Macrotech Developers Ltd (erstwhile Lodha Developers Ltd) is all set to launch its initial public offering (IPO) for subscription on April 7. The Rs 2,500-crore issue will close on April…

Apr 1, 2021 2:53 PM

CLSA gives 'buy' rating for Sunteck Realty after Borivali project deal

CLSA has given a 'buy' rating for Sunteck Realty, stating that the company has acquired an accretive land parcel of seven acres in Borivali West in Mumbai on favorable terms and via an asset-light approach. CLSA has a price target of Rs 460 for the stock. The brokerage firm says that revenue share in the project is likely to be 72 percent. Considering the high selling price of Rs 16,000 per square foot in the Borivali micro-market, it is also more favorable than the Naigaon, Vasai, and Vasind acquisitions, it said. Read more.

Apr 1, 2021 2:46 PM

Load more