Nifty last close: 22907.60 (+0.32%)
Nifty and Sensex gained momentum in afternoon trade on March 19
Driven by strong buying in banking, oil & gas, and metal stocks
However, weakness in FMCG and IT stocks tempered the rally, keeping the bulls from a full-blown charge
Sensex was up 147.79 points or 0.20 percent at 75,449.05
Nifty was up 73.30 points or 0.32 percent at 22,907.60
Midcap 100 and Smallcap 100 indices surged 2.6 percent and 2.43 percent
Except IT, FMCG, all other sectoral indices ended in the green
Consumer Durables, Capital Goods, Realty, Oil & Gas, Media, Metal, Power, PSU Bank up 1-2.8 percent.
Hyundai Motor India to hike prices of its vehicles up to 3% effective April 2025
NBCC has sold 1,046 residential units at Aspire Centurian Park, Noida for approx ?2,353 cr
TataMotors approves fund raise of up to ?2,000 cr via NCDs on pvt placement basis
InterglobeAviation (#IndiGo) hits record high on positive commentary at the analyst meet
FIIs sold equities worth Rs 1096 crore on March 19
DIIs purchased equities of Rs 2140 crore, on the same day.
US stocks rallied on Wednesday after the Federal Reserve kept rates unchanged as widely expected
The central bank kept its benchmark overnight interest rate unchanged in the 4.25%-4.50% range
Indicated that two quarter-point interest-rate cuts were likely later this year
The Fed also forecast slower economic growth and higher inflation
Dow Jones Industrial Average rose 383.32 points, or 0.92%
Nasdaq Composite gained 246.67 points, or 1.41%
S&P 500 gained 60.63 points, or 1.08%
The yield on 10-year Treasuries were down 94 bps at 4.24 percent
The US dollar remained unchanged against the major currencies in the early trade on Wednesday
Dollar index sustains around 103.40
Gold hit another record high after the Federal Reserve projected slower US growth and higher inflation
Asian stocks rose following a rally on Wall Street
GiftNifty indicates a positive note for the index
Nifty is facing a intraday resistance 22950 and 23010
If stays above 23010 will try to mov 23100
On flip side, Nifty can be considered as supports as 22860 and 22810
Below 22810 finding a next support around 22740
Updated: 09.01 am / 20th March 2025