Share Market HIGHLIGHTS: Nifty almost makes it to 17,400, Sensex closes 115 pts higher as financial, IT aid third straight day of rise on D-St
Share Market HIGHLIGHTS: Indian equity benchmarks Nifty 50 and Sensex finished a choppy session higher on Monday — extending gains to a third straight day, as the Indian stock market entered a three-session, holiday-truncated week on account of Mahavir Jayanti and Good Friday holidays. Auto stocks — from the likes of Maruti Suzuki, Tata Motors, Royal Enfield parent Eicher Motors and Hero Motocorp — were in focus as the companies reported their monthly sales reports.
The RBI's Monetary Policy Committee — the central bank's all-powerful panel that decides benchmark interest rates for the country — began a three-day bi-monthly review on Monday. Is another RBI rate hike on the cards? All eyes are on a key rate decision by the RBI, due on Thursday.
Indian financial markets will resume trading next on Wednesday.
Globally, equities continued to secure cautious gains, led by banking shares as investors began to digest the sudden collapse of Silicon Valley Bank (SVB) and Signature Bank that rocked the global markets over the past few weeks.
Catch HIGHLIGHTS of all the action in the Indian stock market on April 3 — the last trading session and the last day of the financial year 2022-23, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stocks to buy and trade recommendations only on Zeebiz.com's blog:
Share Market HIGHLIGHTS: Indian equity benchmarks Nifty 50 and Sensex finished a choppy session higher on Monday — extending gains to a third straight day, as the Indian stock market entered a three-session, holiday-truncated week on account of Mahavir Jayanti and Good Friday holidays. Auto stocks — from the likes of Maruti Suzuki, Tata Motors, Royal Enfield parent Eicher Motors and Hero Motocorp — were in focus as the companies reported their monthly sales reports.
The RBI's Monetary Policy Committee — the central bank's all-powerful panel that decides benchmark interest rates for the country — began a three-day bi-monthly review on Monday. Is another RBI rate hike on the cards? All eyes are on a key rate decision by the RBI, due on Thursday.
Indian financial markets will resume trading next on Wednesday.
Globally, equities continued to secure cautious gains, led by banking shares as investors began to digest the sudden collapse of Silicon Valley Bank (SVB) and Signature Bank that rocked the global markets over the past few weeks.
Catch HIGHLIGHTS of all the action in the Indian stock market on April 3 — the last trading session and the last day of the financial year 2022-23, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stocks to buy and trade recommendations only on Zeebiz.com's blog:
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Share Market LIVE: Financial, auto stocks lead intraday recovery on Dalal Street
Nifty is up 40.80 points or 0.24 percent to 17,399.8 backed by broad-based buying with financial and automobile shares being the top contributors.
On the contrary, the IT and FMCG sectors remain the top draggers.
Share Market Today | Nifty two pts shy of 17,400, Sensex ends with a gain of 115 pts at 59,106
Both headline indices finish the volatile day with a gain of 0.2 per cent. The Nifty rises 38.3 points to settle at 17,398.1, and the Sensex ends at 59,106.4, up 114.9 points from its previous close.
Here's how the gauges moved through the day:
Nifty 50
Sensex
Global Market Update LIVE | European stocks rise as OPEC+ output cuts boost oil majors
European shares were up on Monday after ending a volatile quarter higher, as oil heavyweights rallied after a surprise announcement by OPEC+ to cut production further lifted crude prices.
However, the gains were limited by a rise in U.S. and European bond yields that led to technology shares falling 0.7 per cent, as a jump in oil prices stoked fears of persistent inflation.
The pan-European STOXX 600 index rose 0.1 per cent in the first trading session of the new quarter.
Share Market Today LIVE | Brightcom Group, RVNL, GMR Airports Infra rise most among almost 350 gainers in BSE 500 universe
On the other hand, UNO Minda, BPCL and Hindustan Petroleum were the worst hit among the laggards.
Source: BSE
Gold Rate Today | Check city-wise gold price (22k) in India on April 3
Here's an indicative list of spot gold prices in some of the major Indian cities:
| City | 22K rate (in rupees per 10 grams) |
| Chennai | 55,350 |
| Mumbai | 54,700 |
| Delhi | 54,850 |
| Kolkata | 54,700 |
| Bengaluru | 54,750 |
| Hyderabad | 54,700 |
| Kerala | 54,700 |
| Pune | 54,700 |
| Vadodara | 54,750 |
| Jaipur | 54,850 |
(Disclaimer: These gold rates above are indicative and do not include GST, TCS and other levies.)
Image Reuters
Gold Rate LIVE | Gold futures down by over Rs 250
The futures contract of the yellow metal is down by Rs 252 or 0.42 per cent to trade at Rs 59150 per 10 grams, having moved within a range of Rs 59040-59200 earlier in the day.
Gold futures have a 52-week range from Rs 50490-60455.
Global Market Update | Dow Jones futures gain over 100 pts, Nasdaq Composite futures slide below 13,250, indicate mixed start ahead in US stock market today
Here's what the futures contracts of the three main US share market benchmarks — the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite — suggest on Wall Street today at this hour:
- Dow Jones futures: up 114 points or 0.3 per cent at 33,574
- S&P 500 futures: down 2.5 points or 0.1 per cent at 4,135.3
- Nasdaq Composite futures: down 65.8 points or 0.5 per cent at 13,236
Share market today LIVE: NSE, BSE to remain shut for Mahavir Jayanti, Good Friday this week
Dalal Street has entered a holiday-truncated week with Mahavir Jayanti holiday the next day and Good Friday on April 7. Click here to read more
Maruti Suzuki, Hero MotoCorp lead gains in Nifty Auto basket as monthly sales exceed analysts' expectations; Tata Motors holds on to the green after mixed sales
| Index/stock | Current level/CMP | Change (%) |
| Nifty Auto | 12,414.4 | 1.4 |
| Hero MotoCorp (HEROMOTOCO) | 2,425 | 3.3 |
| Maruti Suzuki (MARUTI) | 8,497.5 | 2.5 |
| Bajaj Auto (BAJAJ-AUTO) | 3,967.5 | 2.1 |
| Eicher Motors (EICHERMOT) | 3,003 | 1.8 |
| TVS Motor Company (TVSMOTOR) | 1,094.3 | 1.6 |
| Sona Comstar (SONACOMS) | 419.8 | 1.5 |
| Ashok Leyland (ASHOKLEY) | 141.1 | 1.4 |
| Mahindra & Mahindra (M&M) | 1,169.9 | 1 |
| Bharat Forge (BHARATFORG) | 776.9 | 0.8 |
| Samvardhana Motherson International (MOTHERSON) | 67.7 | 0.8 |
| Bosch (BOSCHLTD) | 19,448 | 0.4 |
| Tata Motors (TATAMOTORS) | 422.4 | 0.4 |
| MRF | 84,180 | 0.2 |
| Balkrishna Industries (BALKRISIND) | 1,954.5 | 0.2 |
| Tube Investments (TIINDIA) | 2,543 | -0.1 |
Catch latest on auto sales in March 2023
TCS shares under pressure amid volatile market
The Tata group IT giant's stock is down by Rs 24.8 or 0.8 per cent at Rs 3,181 apiece on BSE, having gyrated in a range of Rs 3,175-3,225 apiece earlier in the day.
Image: BSE
TCS all set to kick off corporate earnings season on April 12
Tata Consultancy Services — the country's largest IT services company — will report its financial results for the January-March 2023 period on April 12.
Share Market Tips LIVE | Sumeet Bagadia recommends 'hold' on Ashok Leyland
Sumeet Bagadia of Choice Broking has placed its targets for the stock of the commercial vehicle emaker at Rs 146 and Rs 160, and recommends a stop loss at Rs 130.
Share Market Tips LIVE | Buy Sonata Software shares, says Himanshu Gupta
Himanshu Gupta of Globe Capital Markets shares one stock pick with Zee Business viewers.
He recommends buying Sonata Software shares for a target of Rs 1,000 with a stop loss at Rs 780.
Nifty LIVE | Maruti Suzuki, ONGC, Bharti Airtel, M&M among top movers
Here's a look at the heatmap:
Image: NSE