Sensex rises 768 pts from day's low, ends 231 pts up; Inox Leisure adds 12%
CLOSING BELL: Bharti Airtel, up 4 per cent, was the top gainer on the Nifty50 index, followed by Coal India, Axis Bank, Eicher Motors, ITC, SBI, ICICI Bank, HUL,IndusInd Bank, and Power Grid
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Technical View: Rupak De, Senior Technical Analyst at LKP Securities
The benchmark Nifty witnessed a ranged movement as the consolidation continued for the seventh consecutive day. On the daily chart, Nifty has formed a hammer pattern with the low of the lower wick at 17000. Therefore, 17000 may continue to act as crucial support. On the higher end, resistance remains at 17350. A decisive move above 17330 may induce a directional trend in the market.
Market view: Vinod Nair, Head of Research at Geojit Financial Services
The current volatility is due to elevated commodity prices and resultant downgrade of future earnings growth. The price of products have been increasing constantly and is expected to increase further in the future, affecting demand and margin. Uncertainties due to rising covid cases especially in China also added to the weakness. While Indian equities showed resilience and bounced back in green following a positive European market. We can expect an ease in this volatility based the cessation of the war, commodity prices and supply constraints.
European markets trade on a positive note
Tepid trade for US equity futures
Rupee closes 7 paise higher against US dollar
Over 1,400 stocks advanced while 658 declined
Chemical stocks trade mixed; Gujarat Alkalies surge over 10%
Closing bell: UPL, SBI Life, Nestle India top Nifty 50 laggards
Closing bell: Bharti Airtel, Coal India, Axis Bank top Nifty 50 gainers
Closing bell: Nifty PSU Bank best sectoral performer; Bank of Baroda surges above 3%
Closing bell: Broader markets muted; India Vix slips below 3%
Closing bell: IT, pharma stocks under pressure
Closing bell: 18 out of 30 Sensex stocks close in green
Closing bell: Nifty 50 closes above 17,200 levels
Closing bell: Sensex closes in green, up over by 200 points
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First Published: Mar 28 2022 | 8:09 AM IST