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livemint.com / 2 months ago
Stock recommendations for 19 March from MarketSmith India
Stock market recap: India’s benchmark indices Sensex and Nifty 50 rose 0.8% each on Wednesday, 18 March, tracking global gains as oil prices eased, even as investors turned cautious ahead of the US Federal Reserve’s interest rate decision later in the day. Concerns over the ongoing US-Iran war in the Middle East capped gains.The Sensex climbed 633 points, or 0.83%, to close at 76,704, while the Nifty 50 advanced 196 points, or 0.83%, to settle at 23,778.
Intraday, the Sensex rose as much as 858 points, or 1.1%, to 76,929.30, and the Nifty gained 255 points to hit 23,836.The rally added about ₹5 trillion to the market capitalisation of BSE-listed companies, taking the total to over ₹438 trillion.Broader markets outperformed, with the Nifty Midcap 100 and Nifty Smallcap 100 indices rising 1.5-2% each. Among sectors, IT led the gains, followed by auto and realty, while metal stocks ended in the red.Buy: Glenmark Pharmaceuticals Ltd(current price: ₹2,183)Buy: Power Finance Corp. Ltd (current price: ₹432)Nifty 50 performance on 18 MarchIndian equities ended on a firm note on 18 March, with Nifty 50 gaining 0.83% (+196.65 points) to close at 23,777.80, reflecting sustained buying interest through the session despite some late volatility.
The broader market outperformed, as evidenced by a strong advance-decline ratio of 2,538 stocks advancing and 707 stocks declining, indicating broad-based participation. On the sectoral front, IT (+2.78%), Realty (+2.75%), Media (+3.35%), and Auto (+1.92%) led the gains, supported by momentum buying and improved risk appetite, while FMCG and Metals remained marginal laggards.
Read on livemint.comThe same topic in other media
Stock recommendations for 23 March from MarketSmith India livemint.com / 2 months ago
Stocks to buy: Raja Venkatraman recommends three stocks for 20 March livemint.com / 2 months ago
Stocks to buy: Raja Venkatraman recommends three stocks for 19 March livemint.com / 2 months ago
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21.05 / 10:17
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Even at $5 trillion, Nvidia is underappreciated
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21.05 / 10:17
markets
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21.05 / 09:47
markets
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