Activity in the F&O market for the weekly expiry on 31-Mar-2022, shows 16000 to act as support now.

In the broader market, media displayed a strong rally with Nifty Media surging 5.9 per cent with metal being a distant second at 1.5% gain. Both Midcap and Smallcap indices closed on a positive note while Banking, Financials and Consumer Durables were the losing sectors for the day. 

BSE Smallcap index managed to close in the green territory at 27,892.67, up by 0.16 per cent.

We prefer calling our customers as part of an ‘emerging Bharat’ as opposed to a digital India, expresses Ketan Merchant, CFO, Fino Payments Bank Ltd. 

Nifty lost about 22 points and closed marginally lower while Sensex lost over 88 points.

The Indian real estate sector is witnessing a healthy increase in demand due to lower interest rates.

With Sensex trading flat today, ZEEL has been flying as its prime investor Invesco relaxed its opposition to the company’s corporate action of merger with Sony India’s unit.

At 1.30 pm on Thursday, the core equity indices i.e, Sensex and Nifty 50 were trading on the lower side, as the US markets fell on Wednesday by more than 1 per cent. The gold prices rose by 3 per cent, whereas crude oil was trading at USD 121.9 per barrel, up by 0.25 per cent. 

However, as the saying goes, ‘every bad day has an end’, the same is turning true for this stock since it jumped more than 10 per cent on a day when the markets are trading in red!

Shares of Zee Entertainment, Ahluwalia Contracts and Future Supply Chain Solutions have rallied in today’s trading session. 

While markets opened above the previous close, as of noon, BSE Sensex was trading lower by 0.46 per cent.  

Zee Entertainment hits the roof, gains over 18 per cent 

Zee Entertainment Enterprises is mainly in the following businesses: Broadcasting of Satellite Television Channels, Space Selling agent for other satellite television channels, and Sale of Media Content. The share has rallied more than 18 per cent in the first half of today's trading session after Invesco drops EGM demand. Invesco, which along with OFI Global China Fund holds a 17.88 per cent stake in Zee Entertainment, however, said if the merger with Sony Pictures Networks India Pvt is not completed as currently proposed, it retains the right to requisition a fresh EGM.