Sensex, Nifty End Volatile Trading Day With Gains

• Nifty ends 2.5 percent higher at 7,801
• Nifty April futures add 40 percent in Open Interest
• Sensex ends 2.67 percent higher at 26,674
• Nifty Bank ends 1.1 percent higher at 17,107
• Nifty Bank April futures add 36.2 percent in open interest
• Nifty Midcap ends with gains of 1 percent while Nifty Smallcap ends with cuts of 1 percent
• India Volatility Index ends 13.8 percent higher at 81.94, highest since November 2008
• All sectoral indices barring Nifty Realty (down 2 percent) end with gains
• 799 stocks end with gains while 987 stocks end with declines
• Infosys: Top Nifty Gainer with 14 percent gains - the most since January 2013
• M&M: Top Nifty loser down 8 percent - ends at 10-year low

Indian equity markets ended the trading session with gains, though off the highest point of the day, tracking positive cues from European Markets and the Dow Futures which are currently trading at the day’s high.

The S&P BSE Sensex ended 2.67 percent higher at 26,674, with gains of almost 700 points. 19 out of the 30 stocks ended the session with gains while 13 ended at a 52-week low.

The NSE Nifty 50 index ended with gains of 2.51 percent at 7,801. 35 out of the 50 constituents ended with gains while 17 of them ended at a 52-week low.

All sectoral indices barring the Nifty Realty index (down 2 percent), ended the session with gains. The Nifty Bank too recovered 1,000 points from the day's low to end with gains of 1.1 percent.

Market breadth remained almost equal with 799 stocks ending the day with gains while 987 stocks ended with declines.

Shares of the automobile and farm equipment manufacturer are down for the eight in the last ten trading session. Prices have corrected 42 percent in the last ten trading sessions.

The stock had made a 52-week high of Rs 695.5 on April 16, 2019. Since then, it has corrected over 60 percent to Rs 268, which is the lowest level since May 2010.

The stock is the worst performing stock on the Nifty 50 today.

Nifty: March 26 Expiry

• 8,000 Call: Premium up 51.2 percent to Rs 262.15. The contract has added 57,300 shares in open interest.
• 8,500 Call: Premium up 4.9 percent to Rs 79. The contract has added 69,000 shares in open interest.
• 7,500 Put: Premium falls 38 percent to Rs 204.70. The contact has added 5.8 lakh shares in open interest.

Nifty Bank: March 26 Expiry

• 20,000 Call: Premium falls 11 percent to Rs 174.95. The contract has added 19,720 shares in open interest.
• 18,000 Call: Premium rises 6.3 percent to Rs 589.35. The contract has added 20,520 shares in open interest.
• 19,000 Call: Premium falls 6.2 percent to Rs 294.80. The contract has added 6,260 shares in open interest.

• Buy Nifty above 8,035 for target of 8,170 - 8,320 and stop loss of 7,850
• Buy Marico for target of Rs 275 and stop loss of Rs 230
• Buy Tata Steel for target of Rs 320 and stop loss of Rs 250

• Nifty up 3.82 percent at 7,901
• Nifty April futures add 32 percent in open interest
• Sensex up 4.15 percent at 27,059
• Nifty Bank up 3.6 percent at 17,524; up 1,400 points from day's low
• Nifty Bank April futures add 32 percent in open interest
• All sectoral indices barring the Nifty Realty index (down 1 percent) trading with gains
• Nifty Midcap index trades 3 percent higher
• Nifty Smallcap index off the day's low; down 0.4 percent
• Nity I.T., Nifty Pharma trade with gains of over 5 percent
• India Volatility Index up 12.9 percent at 81.3
• Market breadth nearly 1:1 with 887 stocks advancing while 855 stocks are declining

IndusInd International Holdings, a promoter of IndusInd Bank has repaid 80 percent of a loan that is been backed by shares of the bank. The balance 20 percent of the facility will be settled in the next few days, a spokesperson told Bloomberg.

Shares recovered almost 30 percent from the lowest point of the day to trade 1.1 percent higher at Rs 339 on the National Stock Exchange.

• Nifty up 2.4 percent at 7,792
• Nifty April futures add 20.5 percent in open interest
• Sensex up 2.36 percent at 26,593
• Nifty Bank recovers over 1,000 points from Day's low; up 0.4 percent at 16,983
• Nifty Bank April futures add 12.5 percent in open interest
• Nifty Midcap index trades with gains of 1.2 percent while Smallcap index is down 2.1 percent
• India Volatility Index up 11.3 percent at 80.15
• Nifty Auto Index recovers from day's low; trades with gains of 2 percent
• Nifty I.T., Nifty Pharma index trade with gains of nearly 5 percent
• 214 stocks on the Nifty 500 index trade at a 52-week low

The Board of Directors of the company at a meeting today approved a share buyback worth Rs 145 crore. The company will buyback equity shares of Rs 2 each at a price of Rs 150 per share. The buyback price is at a premium of 136 percent to Monday's closing price of Rs 63.55.

The buyback size represents 9.95 percent of the total paid-up equity capital.

Shares surged as much as 19 percent to Rs 75.60 on the National Stock Exchange, post the announcement, snapping a two-day losing streak.

Shares of the FMCG major rose as much as 10.17 percent on the National Stock Exchange to Rs 2,059 after it signed an agreement to acquire intimate hygine brand VWash from Glenmark Pharma. Under this agreement, the brand, trademarks, copyrights and know-hows associated with the business will be transferred to HUL.

The stock is the third highest point contributor on the Nifty 50 index, behind Infosys and Reliance Industries, contributing 20 points to the upside.

Shares of Glenmark Pharma Ltd. too are trading with gains of 4.1 percent at Rs 195.80.

Shares of the technology bellweather rose as much as 10.05 percent on the National Stock Exchange to Rs 579.35.

The company in a statement said that the SEC has completed its investigation and that it has co-operated with the investigations with them.

The statement added that the company does not anticipate further action from the SEC and that all inquires from Indian regulators have been responded to.

Nifty: March 26 Expiry

• 7,000 Put: Premium falls 20.5 percent to Rs 136.4. The contract has added 2.65 lakh shares in open interest.
• 7,500 Put: Premium falls 7.2 percent to Rs 304. The contract has added 2.68 lakh shares in open interest.
• 8,000 Call: Premium rises 9.4 percent to Rs 189.65. The contract has added 1.5 lakh shares in open interest.

Nifty Bank: March 26 Expiry

• 18,000 Call: Premium falls 7.3 percent to Rs 514. The contract has added 30,000 shares in open interest.
• 20,000 Call: Premium falls 11.6 percent to Rs 173.75. The contract has added 29,720 shares in open interest.
• 16,000 Put: Premium rises 595 percent to Rs 859.90. The contract has open interest of 99,560 shares.

• Nifty gives up gains of as much as 5 percent to trade 0.8 percent lower at 7,550
• Sensex too gives up gains of as much as 5.7 percent to trade 1 percent lower at 25,735.
• Nifty Bank is the top sectoral laggard, down 4 percent
• Midcap and Smallcap Indices trade 1.2 and 3.7 percent lower
• India Volatility Inde trades 14.78 percent higher at 82.62, the highest since November 2008.
• Nifty I.T. (up 3.1 percent) and Nifty Pharma (Up 3.3 percent) are holding on to gains.
• Market breadth turns adverse with 1,180 stocks trading with cuts while 446 stocks are advancing.

The Nifty Bank index has seen a 1,500 point intra-day swing. It now trades below Monday’s closing level of 16,424, the lowest level since May 2016. 7 out the 12 constituents are trading at a 52-week low

Shares of Spicejet Ltd. were locked in a 5 percent lower circuit after the government suspended all domestic flight operations until March 31, in the wake of the Coronavirus outbreak. This is the second straight day of lower circuit for the stock after it snapped a seven-day losing streak on Friday.

Shares of Interglobe Aviation Ltd. too are locked in a 10 percent lower circuit. This is the 10th straight day of decline for India's largest Airline by market share. The stock trades at the lowest level since October 2018.

The stock is down 36 percent in the last 10 sessions and is now trading near its IPO price of Rs 755.

Indian equity markets opened positive, rebounding after seeing one of their worst selloff in history on Monday. Benchmarks tracked positive cues from Asian Markets and a host of stimulus measures from the U.S. Federal Reserve.

The S&P BSE Sensex opened with gains of 5.7 percent at 27,462, rebounding from its biggest one-day fall ever. All the 30 constituents opened with gains.

The NSE Nifty 50 index too rebounded from its biggest one-day fall, rising as much as 5.61 percent on open to 8,036. All the 50 stocks opened with gains.

Among sectoral indices, all the 11 indices opened with gains, with FMCG and I.T. leading the charge.

Market breadth was in favour of the gainers, with 981 stocks on the NSE opening with gains, while 380 opened with losses.

The Indian Currency staged a rebound after ending at a record low in Monday's trading session. The rupee opened at 76.14 and strengthened to 76.09 against the U.S. dollar as compared to Monday's close of 76.2937 which was an all-time low.

• HUL: To acquire intimate hygine brand VWash from Glenmark.
• Yes Bank: To consider fund raising on March 26.
• NBFCs: RBI to classify loans to NBFCs as 'priority sector lending.'
• IndusInd Bank: Sumant Kathpalia takes over as MD & CEO for three years.
• GNFC: TDI-II plant at Dahej resumes normal production after completion of scheduled maintenance.

• Benchmark indices on Wall Street had a mixed session. The NASDAQ managed to eke out minor gains after a late session surge.
• The S&P 500 continued its losing streak and is now down 35 percent from its record high made in february 2019.
• The Dow Jones too ended with cuts and has now given up almost all of its gains since Donald Trump was elected President in November 2016.
• Trading volumes remained above their daily average.
• Oil prices are stable after their biggest weekly decline since 1991

The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, rose 5.26 percent to 7,962 as of 8:00 a.m.

Markets across Asia are staging a rebound from their lowest levels since 2016 after the U.S. Federal Reserve announced a host of stimulus measures.

Benchmark indices in Japan, Australia and Hong Kong rose over 2 percent while indices in South Korea gained over 5 percent. The dollar snapped a 10-day rally while oil and treasuries were little changed.

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