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Domestic benchmark index NSE Nifty ended 84.8 points up at 22096.75, while the BSE Sensex closed 190.75 points up at 72831.94.

Benchmark NSE Nifty closed 84.8 points up at 22096.75 amid buying in frontline bluechip counters.

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Bharat Dynamics shares saw a 2 percent rise in early trading on March 22 following the company's board approval of a sub-division of its equity shares and announcement of an interim dividend for FY23-24. Bharat Dynamics share price was trading at ₹1,697.60, marking an increase of ₹36.05, or 2.17 percent, on the BSE, in the morning session.

NEW DELHI : Robust investment activity and strong private consumption demand will drive the Indian economy in FY25 amid sluggish global growth, the finance ministry on Friday said in its economic review for February. However, challenges such as the impact of the ongoing crisis in the Red Sea and rising crude oil prices loom over the outlook. "Sustained increases in shipping costs due to disruption can drive up inflation.

midcap companies, with their share prices tumbling. Interestingly, this downturn has drawn attention from an unexpected quarter: the companies' own promoters, who have seen this as an opportune moment to buy back their shares. This marks a stark departure from the previous month, where the trend was more toward promoter selling.

Russian crude carried on PJSC Sovcomflot tankers due to US sanctions, further complicating the trade that has flourished since the invasion of Ukraine two years ago. Private and state-run processors including the biggest — Indian Oil Corp. — have stopped taking cargoes if they’re on Sovcomflot tankers, said people familiar with the matter. Refiners are scrutinizing the ownership of each ship to make sure they’re not affiliated with the company, or other sanctioned groups, they added, asking not to be named because the information is private. The broader pushback follows a similar move by India’s biggest private refiner, Reliance Industries Ltd., reported earlier this week. The heightened scrutiny on the tanker giant appears to have also swept up other oil ships carrying Russian oil, with two vessels waiting several weeks off the South Asian coast without any indication of when they will unload.

domestic household savings in order to finance private sector's capital formation in the economy, the Finance Ministry said in the February edition of its Monthly Economic Review. «The narrowing merchandise trade deficit and rising net services receipts are expected to result in an improvement in the current account balance in the ongoing financial year,» the report said. However, the current account deficit will bear watching in FY25, it cautioned. The ministry has a positive outlook when it comes to retail inflation in the country.

Info Edge (India) Ltd. traded at Rs 5246.6 on BSE at 02:10PM (IST) on Friday, down 1.09 per cent from previous close. The stock quoted a 52-week low price of Rs 3461.3 and a high of Rs 5536.8.

Crompton Greaves Consumer Electricals Ltd. traded 0.12 per cent up at Rs 269.3 at around 01:50PM (IST) on Friday. The stock had closed at Rs 269.65 in the previous session. Equity benchmark Sensex traded 154.94 points higher at 72796.13 around the same time.

In Friday’s trading session, the following five stocks witnessed a build of fresh long positions. Let us first understand how this conclusion is reached, whether the stock has seen a buildup of a fresh long position or not. When the stock prices move up and open interest on the counter also moves upward, it is taken as a sign of a long buildup. The signal is considered more reliable if the volume on the counter has also seen an increase.

MphasiS Ltd. traded 2.14 per cent up at Rs 2386.45 at around 02:00PM (IST) on Friday. The stock had closed at Rs 2438.65 in the previous session. Equity benchmark Sensex traded 117.08 points higher at 72758.27 around the same time.

LONDON (Reuters) — British retail sales unexpectedly held steady in February despite wet weather hitting in-store sales, according to figures from the Office for National Statistics on Friday that added to signs the economy is recovering from last year's mild recession.

Au Small Finance Bank Ltd. slipped 0.53 per cent to Rs 563.0 in Friday's trade as of 01:04PM (IST). It hit a high of Rs 568.9 and low of Rs 562.2 during the session. The stock quoted a 52-week high price of Rs 813.0 and a low of Rs 548.15. The return on equity for the stock stood at 13.06 per cent. About 44,892 shares have changed hands on the counter so far.

ACC Ltd. traded 0.04 per cent up at Rs 2439.2 at around 01:14PM (IST) on Friday. The stock had closed at Rs 2438.0 in the previous session. Equity benchmark Sensex traded 208.99 points higher at 72850.18 around the same time.

Holi. The holiday-shortened next week will have only three trading sessions as exchanges will again be shut on Friday, March 29 on account of Good Friday. On Monday, the country's largest non-agri commodity market, the Multi Commodity Exchange (MCX) will also be shut for trading in the morning session between 9 am and 5 pm but open for trading in the evening session between 5 pm and 9 pm. As for the agri-commodity index, no trading will take place on this day.

InterGlobe Aviation Ltd. traded 0.15 per cent higher in Friday's session at 01:09PM (IST). The stock opened at Rs 3300.05 and has touched an intraday high and low of Rs 3327.55 and Rs 3266.65, respectively, during the session so far. The stock quoted a 52-week high of Rs 3339.0 and a 52-week low of 1810.45. About 9,792 shares changed hands on the counter so far.

Indian Renewable Energy Development Agency (IREDA) climbed 5% to hit an upper circuit at Rs 138.6 on BSE after the firm declared plans to raise Rs 24,200 crore in FY 2024-25 through borrowing. «Board meeting of Indian Renewable Energy Development Agency Limited will be held on Thursday, March 28, 2024, inter-alia, to consider the matter w.r.t. Borrowing programme up to Rs 24,200 Crore for FY 2024-25 (borrowing includes fundraising through issuance of bonds, term loans, Commercial Paper etc. from domestic & international markets),» the company said in an exchange filing on Thursday after market hours.

Gautam Duggad, Head Of Research — Institutional Equities, Motilal Oswal Financial Services, says that while valuations are expensive for mid and smallcaps, it is not correct to say that the entire mid and smallcap basket is frothy. The midcap index right now is trading at around 30% premium to Nifty. Nifty is trading at close to 19-19.5 times one year forward now and midcap index is trading at somewhere about 27 times which obviously is very expensive. Smallcaps are also trading at expensive valuation at an index level. Versus Nifty, on a 10-year basis, the long-period discount for smallcaps is 24%. Today it is trading at a 10% premium to largecap. Duggad also says the market has respected the underlying earnings growth. When earnings were tepid for 10 years between FY10 and FY20, the market was also tepid. In last four years, earnings have done well, so markets have also done well. You have a very wide universe of stocks which you track among all the brokerages and it is only becoming wider. A lot of midcap and smallcap stocks are represented in your universe. The entire argument that smallcap, midcap rally so far was not broadly justified and there was frothy valuations and earnings. What is the reality of the earnings? What part of the smallcap, midcaps are showing strength in earnings and which part is actually falling back? Gautam Duggad: It is always very simplistic to paint the market or any segment of the market with one brush.

Bharat Electronics Ltd. rose 0.33 per cent to Rs 197.3 in Friday's trade as of 01:19PM (IST) even as the benchmark Nifty ruled at 22110.7, up 98.75 points. The scrip had closed at Rs 196.65 in the previous session. The stock quoted a 52-week low of Rs 89.93 and a high of Rs 216.7. The company quoted a market-cap of Rs 143344.76 crore on the BSE.

stocks witnessed a build of fresh short positions. Lets first understand how this conclusion is reached that whether the stock has seen a buildup of fresh short position or not. To understand it we have to look at what “ short selling” means. When a trader is expecting the stock prices to fall, he may sell the stock without owning that and buy at a lower price, for example, stock XYZ is trading at 100, a trader sells the stocks at Rs 100 and buys it back at Rs 90. He made a profit of Rs 10. Selling the stocks without owing the underlying stock is called short selling.