Sensex, Nifty End Higher; Banks, Midcaps Outperform

• To consider proposal for approval for rupee bond borrowing limit.
• Lender plans to set rupee bond borrowing limit of Rs 8,000 crore for FY22.
• Shares gained as much as 4.3% to Rs 39 post the announcement.

• Nifty up 0.4% at 14,800
• Sensex up 0.4% at 49,989
• Nifty Bank up 1% at 33,946
• Nifty Midcap index up 0.9%
• Nifty Smallcap index up 0.5%
• India Volatility Index up 3.3% to 21.2
• PSU Bank index remains the top sectoral gainer; up 3%
• Auto index up 0.9% while Realty index gains 0.8%
• Nifty I.T. and Nifty Pharma indices gain over 0.5% each
• Titan is the top Nifty gainer; up 3.5%
• ONGC is the top Nifty laggard; down 2%
• 1,195 stocks on the NSE trade with gains while 671 are declining

• An order published on the Supreme Court website said that lenders can resume marking non-performing assets or NPAs.
• "Interim relief granted earlier not to declare the accounts of respective borrowers as NPA stands vacated," a three-judge panel headed by Justice Ashok Bhushan said in the verdict.
• The Nifty Bank index is currently trading 0.8% higher at 33,882.

• To consider the proposal at its board meeting on March 30
• Shares gained as much as 14.3% to Rs 506.4 - the highest in nearly two months
• Stock up for the third straight day on volumes that are 18 times higher than its 20-day average

• Top gainer on the Nifty Smallcap index
• Gains as much as 5.5% to Rs 117.75
• Up for the third straight day
• Today's volumes are 15% below its 20-day average
• Stock nearing overbought territory with Relative Strength Index (RSI) at 68
• All seven analysts tracking the stock have a buy recommendation
• Return potential of the stock as per 12-month Bloomberg consensus data at 19%

• Nifty down 3 points at 14,731
• Sensex down 16 points at 49,755
• Nifty Bank up 0.5% at 33,767
• Nifty Midcap index up 0.5%
• Nifty Smallcap index up 0.1%
• India Volatility Index up 4.3% to 21.4
• PSU Bank index remains the top sectoral gainer; up 1.7%
• Nifty Metal index is the top sectoral laggard; down 0.7%
• Nifty Auto index up 0.5% while the Media index declines by a similar quantum
• Shree Cement is the top Nifty gainer; up 2.1%
• Hindalco is the top Nifty laggard; down 1.8%
• 1,092 stocks on the NSE trade with gains while 743 are declining

• Rejects plea seeking complete waiver of interest during the period of moratorium.
• Denies request seeking extension of the moratorium period.
• Waives interest on interest for moratorium period on all loans
• Rejects plea for sector-wise relief to borrowers on loans

• Nifty up 0.5% at 14,810
• Sensex up 0.4% at 50,000
• Nifty Bank up 0.8% at 33,868
• Nifty Midcap index up 1%
• Nifty Smallcap index up 0.8%
• India Volatility Index up 3.2% at 21.1
• Nifty PSU Bank index is the top sectoral gainer; up 1.6%
• Auto index up 0.9% while Realty index gains 0.8%
• Adani Ports is the top Nifty gainer; up 4.2%
• 38 out of the 50 index constituents trade with gains
• Tech Mahindra & Britannia are the top Nifty laggards; down 0.5% each
• 1,353 stocks on the NSE trade with gains while 413 are trading lower

Indian equities have opened little changed this morning after a volatile session on Monday. Sentiment across the Asia-Pacific is mixed.

The S&P BSE Sensex opened 0.2% higher at 49,876 while the NSE Nifty 50 index opened 30 points higher at 14,768. Both benchmarks have declined in five out of the last six trading sessions.

Among the sectoral indices, the PSU Bank index has opened 0.6% higher while the Nifty Bank index is up 150 points or 0.4% at the start of trade.

The Nify Auto index has opened with gains of 0.4% while Nifty I.T. and the Media index have opened with gains of 0.3% each.

Broader markets have opened largely in-line with the benchmark indices. Both Nifty Midcap and Nifty Smallcap have opened with gains of 0.4% each.

1,228 stocks on the NSE have opened with gains while 385 are trading lower.

Good Morning!

Indian equities began the March F&O series expiry week on a volatile note, ending with a negative bias after recovering from the day's low.

Both S&P BSE Sensex and the NSE Nifty 50 indices have now declined in five out of the last six trading sessions.

Futures are indicating another volatile start to Tuesday's session. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, rose 0.2% to 14,749, as of 7:45 a.m.

Asian equities are fluctuating this morning after peers on Wall Street rose overnight and bond yields cooled off ahead of the treasury auctions.

Benchmark indices in China and Hong Kong edged lower, while markets in Japan and Australia edged higher. Yields on the 10-year treasuries are off their highest level in at least 14 months at 1.69%.

Futures on the Dow Jones are trading 20 points higher. The index rose 0.3% overnight.

West Texas Intermediate crude fell 1.1% to $60.91 per barrel.

Short on time? Well, then listen to this podcast for a quick summary of All You Need To Know before the opening bell.