Nifty, Sensex May Nearing Resistance - Monday Closing Report
Moneylife Digital Team 01 April 2024
On Monday, 3235 stocks advanced, 665 declined and 158 remained unchanged, with an advance decline ratio of 1.04 on the Bombay Stock Exchange (BSE), indicating positive closing of stocks in broader markets. The trend of the major indices on Monday’s trading is given in the table below. 
 
 
On NSE, 104 securities advanced and closed at a new 52-week high whereas 20 securities sank to close at their new 52-week lows.  In sectoral indices, Nifty Auto and Nifty FMCG were among the biggest losers. Nifty Metal, Nifty Media and Nifty PSU Bank were among the biggest gainers. 
 
NCC (+4.58%) has received new orders worth Rs3,086 crore in the month of March 2024. 
 
Jubilant Ingrevia (+3.05%) has commissioned a new facility at its manufacturing site for Diketene derivatives at Gajraula, Uttar Pradesh.
 
Prestige Group has entered into strategic deal with the Abu Dhabi Investment Authority (ADIA) and Kotak AIF. The Rs 2,001 crore ($240 million) deal is dedicated towards the development of residential projects in prominent locations across 4 cities in India.
 
Astra Microwave Products (+5.21%) has bagged orders worth Rs 56 crore (inclusive of taxes and duties) for Supply, Installation, testing and commissioning of Precision Approach Radar (PAR) system from Hindustan Aeronautics, Bangalore.
 
Great Eastern Shipping Company (GE Shipping) (-0.19%) has contracted to sell its 2004 Medium Range Product Tanker, Jag Pahel of about 46,319 dwt.
 
Genesys International Corporation (+2.97%)has secured order worth Rs35 crore to adopt digital twin in Pune City.
 
Prestige Estates Projects (+7.09%) has acquired 50% partnership interest in Prestige Realty Ventures. With this acquisition, the company will hold 99.90% partnership interest in Prestige Realty Ventures. Consideration of around Rs165 crore to be settled within the forthcoming 90 days.
 
GE Power India (+8.44%) has received a purchase orders worth Rs32.75 crore.
 
KPI Green Energy (+5.00%) has obtained approval from the Chief Electrical Inspector (CEIG) for its 10 MW solar power projects within the Independent Power Producer (IPP) sector.
 
Arvind (+1.53%) insiders sold net 92,400 shares through open market. Cosmo First (+5.84%) insiders bought net 15,000 shares through open market. Nahar Spinning Mills (+9.38%) promoter bought net 20,000 shares through open market. 
 
The top gainers and top losers of the major indices are given in the table below:
 
 
The closing values of the major Asian indices are given in the table below:
 
Comments
IPO Review: Bharti Hexacom Ltd
Moneylife Digital Team 31 March 2024
Bharti Hexacom Ltd (BHL) is a communications solutions-provider offering consumer mobile services, fixed-line telephone and broadband services to customers in the telecommunication circles of Rajasthan and the North-East in India...
Shareholders Approve Delisting, ICICI Securities Accepts Reaching Public Shareholders Using ICICI Bank, Third-party Agency
Moneylife Digital Team 29 March 2024
Nearly 94% of shareholders of ICICI Securities Ltd have approved the scheme of arrangement with ICICI Bank Ltd. This will make ICICI Securities a wholly-owned subsidiary of ICICI Bank. The meeting was convened following an order by...
Weekly Moneylife Indices & Sector Trends
Moneylife Digital Team 29 March 2024
INDIAN MARKET TRENDS
From 22nd March to 28 March 2024, the Sensex, the NIFTY, ML Mega-cap Index and ML Large-cap Index rose 1% each. ML Mid-cap Index ended flat. ML Small-cap Index fell 2%. ML Micro-cap Index fell 4%.
     ...
Moneylife Stockgraders
Moneylife Digital Team 29 March 2024
Guidelines 
                                     
1. The Grader captures the three factors that determine investments: valuation, returns and price strength. Our grader captures these three parameters.
 
2. In this...
Array
Free Helpline
Legal Credit
Feedback