Nifty, Sensex May Bounce Back Next Week - Weekly Closing Report
Moneylife Digital Team 17 March 2023
The trends of the major indices in the course of the week’s trading are given in the table below:
 
 
On Monday, 695 stocks advanced, 2915 declined and 147 remained unchanged on the Bombay Stock Exchange (BSE), with advance decline ratio of 0.24, indicating a negative closing of stocks in broader markets
 
On NSE, 28 securities advanced and closed at new 52 week high whereas 158 securities sank to close at their new 52-week lows.  
 
In sectoral indices, all sectors ended in red with Nifty Media, Nifty PSU Bank and Nifty Auto among the biggest losers. 
 
Indian rupee closed at 82.12/$ against previous close of 82.04/$.
 
Surya Roshni received orders amounted to Rs96.39 crores for supply of 3LPE coated Line pipes from HPCL for city gas Distribution projects.
 
GMDC emerged as highest bidder for 2 coal mines in Odisha under commercial coal block auction.
 
Maharashtra Seamless received NCLT nod for scheme of amalgamation of United Seamless Tubular.
 
Capacite Infraprojects received sanction for non-fund based limits worth Rs150 crore from SBI.
 
Elgi Equipments gained after US arm inked deal to buy into CS Industrial Services.
 
USFDA completed inspection of Lupin's Vizag facility with no observations.
 
Lumax Auto Technologies arm completed acquisition of 75% stake in IAC International Automotive India.
 
USFDA issued 2 observations for Shilpa Medicare's Hyderabad unit.
 
Bajaj Finserv promoters bought net 100,000 shares through open market. Shree Ram Proteins promoters sold net 260,000 shares through open market. Gokaldas Exports promoters sold net 6,000,000 shares through open market. Godha Cabcon and Insulation promoters sold net 6,847,331 shares through open market. Indo Amines promoters sold net 19,263 shares through open market. Pudumjee Paper Products promoters bought net 34,511 shares through open market. Texmaco Infrastructure and Holdings promoters bought net 8,749 shares through open market. Sona Hi Sona Jewellers (Gujarat) promoters bought net 820,000 shares through open market. Campus Activewear KMP sold net 12,811 shares through open market. Praxis Home Retail director sold net 45,150 shares through open market.
 
On Tuesday, on the Bombay Stock Exchange (BSE), 1179 stocks advanced, 2349 declined and 102 remained unchanged with advance decline ratio of 0.51, indicating a negative closing of stocks in broader markets. 
 
On NSE, 17 securities advanced and closed at new 52 week high whereas 238 securities sank to close at their new 52-week lows.  
 
In sectoral indices, Nifty PSU Bank, Nifty IT and Nifty Metal were among the biggest losers. Nifty Media and Nifty Pharma were among the biggest gainers.
 
Indian rupee closed at 82.49/$ against previous close of 82.12/$.
 
Bandhan Group will enter general insurance business followed by life insurance. The group had a meet with IRDAI officials to express their intentions.
 
Apollo Pipes board approved fund raising of up to Rs259.60 crore via preferential issue.
 
HCC JV bagged contract worth Rs3,681 crore from NHSRCL.
 
Axita Cotton shares gained on orders from Bangladesh.
 
BL Kashyap Sons bagged orders worth Rs158 crore.
 
National Aluminium Company announced Rs2.50 interim dividend.
 
Sun TV declared dividend at Rs2.50 per share.
 
GST Department conducted search at Exxaro Tiles' Padra, Gujarat plant.
 
Glenmark Pharma received ANDA approval for Clindamycin Hydrochloride Capsules.
 
TCS launched 5G-enabled cognitive plant operations adviser to transform plant operations.
 
Tube Investments signed pact with N Govindarajan, former CEO of Aurobindo Pharma for pursuing contract manufacturing business.
 
Surya Roshni received orders worth Rs96 crore. 
 
GMR Airports Infrastructure issued NCDs worth Rs 8.40 billion.
 
Aurobindo Pharma received USFDA nod for Lurasidone Hydrochloride.
 
In Large trades, Persistent systems 0.26% equity changed hands at Rs4,516.51 per share. 
 
Godha Cabcon and Insulation promoters sold net 1,000,000 shares through open market. ADF Foods promoters sold net 20,000 shares through open market. Orient Electric director sold net 11,994 shares through open market. Pudumjee Paper Products promoters bought net 68,000 shares through open market. Som Distilleries and Breweries promoters bought net 5,000 shares through open market. 
 
On Wednesday, 1518 stocks advanced, 2011 declined and 114 remained unchanged on the Bombay Stock Exchange (BSE), with advance decline ratio of 0.75, indicating a negative closing of stocks in broader markets. 
 
Indian markets followed global markets lower on fresh worries about the health of global banking, as the Saudi National Bank said they will no longer provide support for Credit Suisse.
On NSE, 21 securities advanced and closed at new 52 week high whereas 91 securities sank to close at their new 52-week lows.  
 
In sectoral indices, Nifty Media, Nifty PSU Bank and Nifty FMCG were among the biggest losers. Nifty Metal and Nifty Pharma were among the biggest gainers.
Indian rupee closed at 82.60/$ against previous close of 82.49/$.
 
IOC board approved incorporation of arm to undertake low carbon, new, clean & green energy businesses.
 
KEC international won new orders worth Rs1,028 crores.
 
Cipla sold 51.8% stake in its Ugandan subsidiary Cipla Quality Chemical Industries to Africa Capitalworks SSA 3 for $25-30 million.
 
RailTel Corp received an order worth ₹287 crore from the Ministry of Electronics and IT. The contract includes installation and commissioning of IT infrastructure at data centres in New Delhi and Bengaluru.
 
NBCC (India) bagged an order of ₹500 crore to build a medical college and hospital from the Puducherry government.
 
Dreamfolks entered in to an agreement with Visa Worldwide Pte to launch global duty-free services program.
 
KPI Green received commissioning certificates from Gujarat Energy Development Agency. 
 
Sonata Software was chosen as TOP SI partner for Bayer’s new agri-food cloud solution.
 
TCS bagged order from Envestnet Data & Analytics for digital transformation.
 
EKI Energy bagged tender from Kochi Metro Rail for consulting services on carbon credits project.
 
Paras Defence signed MoU with CONTROP Precision, Israel to form a JV in India for manufacturing electro-optic systems for various applications.
 
Ramkrishna Forgings & Titagarh Wagons emerged as the Lowest Bidder for Manufacturing and Supply of Forged Wheels under Aatma-Nirbhar Bharat by Ministry of Railways.
 
Zydus Wellness promoters bought around 30,000 shares through open market. Geojit Financial Services promoters sold net 44,017 shares through open market. Indo Amines promoters sold net 26,510 shares through open market. Mahindra Holidays and Resorts India director sold net 9,485 shares through open market. R Systems International immediate relative sold net 43,282 shares through open market. Stel Holdings promoters bought net 16,500 shares through open market. Vineet Laboratories director bought net 1,50,620 shares through open market.
 
Mukand promoters bought net 57,856 shares through open market. Pudumjee Paper Products promoters bought net 35,726 shares through open market. Mahindra & Mahindra sold net 22,980,000 shares through open market. Choice International promoters bought net 390,000 shares through open market.
 
On Thursday, on the Bombay Stock Exchange (BSE), 1084 stocks advanced, 2105 declined and 130 remained unchanged with advance decline ratio of 0.51, indicating a negative closing of stocks in broader markets. 
 
On NSE, 13 securities advanced and closed at new 52 week high whereas 276 securities sank to close at their new 52-week lows. 
 
In sectoral indices, Nifty Metal and Nifty IT were among the biggest losers. Nifty Media, Nifty FMCG, Nifty Energy and Nifty Pharma were among the biggest gainers.
Indian rupee closed at 82.73/$ against previous close of 82.60/$.
 
National Company Law Tribunal (NCLT) has approved the state-owned GAIL's (+0.46%) Rs2,079 crore resolution plan for JBF Petrochemicals.
 
Lemon Tree signed licence pact for 60 room hotel in Sri Ganganagar, Rajasthan.
 
Patel Engineering bagged Rs1,265 crore orders in Madhya Pradesh and Karnataka.
 
Man Industries bagged export order of approximately Rs1,300 crore.
 
Canara Bank has disbursed Rs75 crore as term loan for 5 years to Paisalo Digital.
 
Sarda Energy Minerals received grant from Chhattisgarh Environment Conservation Board for expansion in existing rolling mill.
 
Zee Entertainment agreed to repay dues owed to IndusInd Bank.
 
Man Industries bagged export order of Rs1,300 crore
 
Glenmark Pharma unit received acceptance from USFDA on its investigational new drug application to proceed with a phase 1/2, first-in-human clinical study of the molecule for the treatment of patients with advanced solid tumors and lymphomas
 
Dr. Reddy's Lab divested certain non-core brands in dermatology in India to Eris Lifesciences.
 
Marico promoters sold net 650,000 shares through open market. Marshall Machines promoters sold net 300,000 shares through open market. Gateway Distriparks promoters bought net 175,000 shares through open market. Stel Holdings promoters bought net 14,661 shares through open market. Pudumjee Paper Products promoters bought net 19,737 shares through open market. Centrum Capital promoters bought net 125,000 shares through open market. Centrum Capital immediate relative bought net 50,000 shares through open market. NCL Industries director bought net 26,302 shares through open market.
 
On Friday, on the Bombay Stock Exchange (BSE), 2054 stocks advanced, 1449 declined and 131 remained unchanged with advance decline ratio of 1.42, indicating a negative closing of stocks in broader markets. 
 
On NSE, 15 securities advanced and closed at new 52 week high whereas 139 securities sank to close at their new 52-week lows. 
 
In sectoral indices, Nifty Media and Nifty Pharma were among the biggest losers. Nifty Metal, Nifty IT and Nifty Infrastructure were among the biggest gainers.
Indian rupee closed at 82.55/$ against previous close of 82.73/$.
 
GR Infra projects emerged as lowest bidder for a project worth Rs587.59 crore.
 
Anant Raj board approved allotment of Rs200 crore debentures to Apollo Global Management in 1st tranche. 
 
BEL board approved second interim dividend of Rs0.60/share for FY23. 
 
HDFC will raise Rs57,000 crore via unsecured redeemable NCDs on March 27.
 
Unichem Lab recieved US FDA ANDA nod for Ranolazine Tablets which are used for the treatment of chronic angina. 
 
AGI Greenpac has received approval from the CCI for acquisition of Hindusthan National Glass & Industries Limited through the Corporate Insolvency Resolution Process.
 
Sandwell Council collaborated with Infosys to provide free digital learning platforms for residents, colleges, and schools GAIL signed MoU with Shell Energy India Pvt. Ltd To explore opportunities in different facets of energy value chain.
 
Hi-Tech Pipes promoters sold net 60,000 shares through open market. Indo Amines promoters sold net 45,844 shares through open market. Greaves Cotton promoters bought net 60,000 shares through open market. Sarla Performance Fibers promoters bought net 46,823 shares through open market.
 
21st Century Management Services immediate relative bought net 12,715 shares through open market. Centrum Capital immediate relative bought net 50,000 shares through open market. Centrum Capital promoters bought net 125,000 shares through open market. Choice International promoters bought net 390,000 shares through open market. Gateway Distriparks  promoters bought net 175,000 shares through open market. Lincoln Pharmaceuticals promoters bought net 47,500 shares through open market. Maharashtra Seamless promoters bought net 5,189 shares through open market. Texmaco Infrastructure and Holdings promoters bought net 36,000 shares through open market. Greaves Cotton promoters bought net 40,000 shares through open market. Rajratan Global Wire promoters bought net 14,000 shares through open market. Mukand Promoters bought net 33,274 shares through open market.
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