Overnight Digest: Stocks likely to be in focus on March 17
Overnight Digest: Stocks likely to be in focus on March 17

Overnight Digest: Stocks likely to be in focus on March 17

On Wednesday, Ultratech Cement was the top Nifty gainer followed by Axis Bank, Shree Cement, IndusInd Bank, Bajaj Auto, Hindalco, Infosys, Britannia Industries, IOC, Grasim Ind, and Tata Motors

DSIJ Intelligence Article rating: 5.0

On Wednesday, the benchmark indices ended higher with Nifty closing above the 16900 mark led by buying seen across the sectors. The equity markets are eyeing the outcome of the FED meeting as the current geopolitical developments are creating further inflationary pressure in the global market and it is crucial to take into account the view of central banks.

Nifty closed above 16,900; all sectors ended in green
Nifty closed above 16,900; all sectors ended in green

Nifty closed above 16,900; all sectors ended in green

Nifty extended its gains towards the end and closed higher at 16,975, up by 1.87 per cent.

DSIJ Intelligence Article rating: 4.0

All the sectoral indices closed in green with Nifty Metal, Nifty Bank, Nifty realty, and Nifty Auto closing significantly higher.

Mid-day movers: JK Cement, Rane Brake Lining and HG Infra are BSE top gainers!
Mid-day movers: JK Cement, Rane Brake Lining and HG Infra are BSE top gainers!

Mid-day movers: JK Cement, Rane Brake Lining and HG Infra are BSE top gainers!

Shares of JK Cement, Rane Brake Lining and HG Infra Engineering Ltd have rallied in today’s trading session.

DSIJ Intelligence Article rating: 5.0

Shares of JK Cement, Rane Brake Lining and HG Infra Engineering Ltd have rallied in today’s trading session.  

While markets opened high, as of noon, BSE Sensex was up by 1.59 per cent. 

HG Infra Engineering Ltd gained more than 10 per cent 

HG Infra Engineering Limited (HGIEL) is an Indian Road Infrastructure company engaged in the business of engineering, procurement and construction (EPC) services, maintenance of roads, bridges, flyovers and other infrastructure contract works. The share has rallied more than 10 per cent in the first half of today's trading session. The company has given investors stellar returns of 108.77 per cent over the last year. The share price of the company stood at Rs 283.2 on March 16, 2021, and since then, it has increased investor wealth by more than 2 times.

Watch out for these penny stocks locked in the upper circuit on March 16
Watch out for these penny stocks locked in the upper circuit on March 16

Watch out for these penny stocks locked in the upper circuit on March 16

Nifty Realty and Metal index gained 2.2 and 2.1 per cent, respectively, with Nifty index trading near the 17,000 mark.

DSIJ Intelligence Article rating: 4.7

The Foreign Investor (FII) saw a net outflow of Rs 1249.74 crore and the Domestic Investors (DII) inflow of Rs 98.25 crore was recorded. Crude prices have also come under pressure amid a spike in COVID-19 cases in Wuhan. The price of crude oil has come down under the USD 100 mark at USD 97.46. The Indian rupee has also appreciated against dollar and is trading at 76.30. The gold bullion rate for April 2022 contract is Rs 51,346. 

Five stocks witnessing short covering
Five stocks witnessing short covering

Five stocks witnessing short covering

Short covering refers to buying back borrowed securities in order to close out an open short position at a profit or loss.

Avalokita Pandey Article rating: 2.5

List of the stocks where sell positions are being covered in the F&O segment.

Three stocks witnessing long unwinding
Three stocks witnessing long unwinding

Three stocks witnessing long unwinding

Long unwinding refers to selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness.

Avalokita Pandey Article rating: 5.0

Following are the stocks where profit booking is seen taking place in the F&O segment.

Stocks below Rs 100: Only buyers seen in these scrips on March 16
Stocks below Rs 100: Only buyers seen in these scrips on March 16

Stocks below Rs 100: Only buyers seen in these scrips on March 16

At 11.15 am on Wednesday, the core equity indices i.e., Sensex and Nifty 50 were trading higher amidst the mixed global cues, as the Nasdaq was up by almost 3 per cent in the last trading session

DSIJ Intelligence Article rating: 4.2

At 11.15 am on Wednesday, the core equity indices Sensex and Nifty 50 were trading higher amidst the mixed global cues, as the Nasdaq was up by almost 3 per cent in the last trading session. 

Also, the global markets are keenly following gold and crude oil prices, as the Federal Open Market Committee finally meet today, (March 16, 2022) to announce the rate hike, which the whole world is anticipating for the past few months. 

 

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