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Nifty opened positive gap up today at 14768.55 on 23rd March 2021, Index was the very volatile the whole day, and after made a day low of 14707.00 nifty gave a sharp recovery and made a day high of 14878.60 in the second half session, Index closed at the very important level at 14814.75. Resistance for nifty is 15000 (closing basis). And support is 14600. Nifty may volatile for few days.
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MARKET OUTLOOK REPORT
Figure. Nifty50 Intraday chart
Index Previous close Open High Low Close Change %
Nifty 50 14736.40 14768.55 14878.60 14707.00 14814.75 0.53%
Sensex 49771.29 49876.21 50264.65 49661.92 50051.44 0.56%
Nifty opened positive gap up today at 14768.55 on 23rd March 2021, Index was very volatile whole day, and after made a day low of 14707.00 nifty gave a sharp recovery and made a day high of 14878.60 in second half session, Index closed at very important level at 14814.75. Resistance for nifty is 15000 (closing basis). And support is 14600. Nifty may volatile for few days.
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23rd March 2021
Sectorial Performance
0.39%
0.27%
0.48%
0.90%
1.73%
0.47%
0.29%
1.05%
0.66%
0.00% 0.20% 0.40% 0.60% 0.80% 1.00% 1.20% 1.40% 1.60% 1.80% 2.00%
NIFTYFMCG
NIFTYIT
NIFTYPHARMA
NIFTYFINSERVICE
NIFTYBANK
NIFTYAUTO
NIFTYMEDIA
NIFTYREALTY
NIFTYMETAL
SECTORS CHANGE %
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23rd March 2021
Top Trending News
GAMESTOP CORP - TRANSITION AGREEMENT PROVIDES FOR HAMLIN'S RESIGNATION FROM EMPLOYMENT WITH CO FOLLOWING TRANSITION PERIOD ENDING MARCH 31, 2021
IRANIAN OIL EXPORTS IN MARCH REMAIN AT 'ELEVATED' LEVELS COMPARED TO 2020 – PETRO-LOGISTICS
CORONAVIRUS UPDATE: INDIA - PARBHANI DISTRICT IN MAHARASHTRA WILL REMAIN UNDER LOCKDOWN FROM MARCH 24-31 DUE TO SURGING CORONAVIRUS CASES: OFFICIAL
MAX INDIA: CO SAYS MOST EMPLOYEES OF MAX SKILL FIRST TO BE TRANSFERRED TO RESPECTIVE CLIENTELE CO'S
FRENCH PRESIDENT MACRON: IN COMING DAYS AND WEEKS, WE WILL AIM TO STEP UP ASTRAZENECA COVID VACCINATIONS, AND JOHNSON & JOHNSON VACCINE SHOULD ARRIVE BY MID APRIL
MOIL: CO SAYS CLOSING OF JV CO RINMOIL FERRO ALLOYS IS UNDER CONSIDERATION
INDIA CABINET MINISTER: ENOUGH COVID-19 VACCINE DOSES ARE AVAILABLE || SECOND DOSE OF ASTRAZENECA VACCINE CAN BE TAKEN BETWEEN 4-8 WEEKS OF FIRST DOSE
ALKEM LABORATORIES LIMITED: CO PARTNERS WITH TATA MEMORIAL HOSPITAL TO ESTABLISH STATE OF ART CANCER CARE FACILITY AT MUZAFFARPUR, BIHAR
TRIDENT LIMITED: CO PARTNERS WITH “KATHY IRELAND ® WORLDWIDE INC A CALIFORNIA CORPORATION”
GRANULES INDIA: BILK DRUG PRICES OF THE PAINKILLER DRUG IN INDIA RISES BY 75-85% IN PAST 2-3 MONTHS
23rd March 2021
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Stocks in Action
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6.99%
5.04% 4.91%
3.48% 3.42%
0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
6.00%
7.00%
8.00%
ADANITRANS SHREECEM ADANIGREEN INDIGO BANDHANBANK
TOP GAINERS
2.80%2.42% 2.37% 2.24%
2.04%
0.00%
0.50%
1.00%
1.50%
2.00%
2.50%
3.00%
HINDZINC IOC HINDALCO ONGC POWERGRID
TOP LOSERS
23rd March 2021
Corporate Actions
Indian oil Corporation Limited (Interim Dividend Rs 3 Per Share 23rd March)
Bharat Electronics Limited (Interim Dividend Rs 1.4 Per Share 23rd March)
FII/DII/FPI ACTION IN CAPITAL MARKET
Category Date Buy Value Sell Value Net Value DII 23 Mar 2021 4659.69 cr 4116.99 cr 542.7 cr
FII/FPI 23 Mar 2021 6436.46 cr 7223.44 cr -786.98 cr
The following is combined Domestic Institutional Investors trading data across NSE, BSE and MSEI collated on the basis of trades executed by Banks, DFIs, Insurance, MFs and New Pension System.
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23rd March 2021
Top Picks for Tomorrow
BANDHANBANK. Sector: Banking.
Important Parameters:
MARKET CAP BOOK VALUE EPS PE PROFIT GROWTH ROE ROCE 58698.29 CR. 103.49 CR 16.27 22.41 27.78 % 22.91% 24.62 %
FUNDAMENTALS
The bank has been maintaining a healthy ROA of 3.86% since last 3 years.
Company has a good Return on Equity (ROE) track record: 3 Years ROE 20.44%.
The company has been consistently maintaining a NIM of 7.35% since last 3 years.
The Bank is prominently managing its Non-Performing Assets, Average NET NPA of last 3 years is 0.58%.
Stock Entry price Positional
target
BANDHANBANK
360
420
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23rd March 2021
AMBUJACEM. Sector: Cement.
Important Parameter
MARKET CAP PE EPS SALES GROWTH PROFIT GROWTH ROE ROCE 60433.11 CR 33.76 9.02 -0.54 % 14.07 % 8.42 CR 11.72 CR
FUNDAMENTALS.
Company is virtually debt free.
Company has a healthy Interest coverage ratio of 30.07.
The company has an efficient Cash Conversion Cycle of -4.61 days.
The company has a good cash flow management; CFO/PAT stands at 1.29.
The company has a high promoter holding of 63.27%.
Stock Entry price Positional target
AMBUJACEM 296 350
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23rd March 2021
Disclaimer
This document has been prepared for IMPERIAL MONEY PVT. LTD. by Mr. Praveen Dubey NISM (201800048686) is a Research Consultant for Imperial Money Pvt. Ltd. This Market Outlook is intended for use only by the person or entity to which it is addressed to. This Document may contain confidential and/or privileged material and is not for any type of circulation and any review, retransmission, or any other use is strictly prohibited. This Document is subject to changes without prior notice. This document does not constitute an offer to sell or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Though disseminated to all customers who are due to receive the same, not all customers may receive this report at the same time. Imperial Money Pvt. Ltd. Does not carry any responsibility in case to whomsoever using the information of this newsletter content and data
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23rd March 2021
