Sensex, Nifty End At Fresh Record Closing In Special Trading Sessions As Tata Steel, L&T Lead

The benchmark indices extended their rally to end at fresh closing levels on the special training session on Saturday. Both Nifty and Sensex hit new highs in the first of the two sessions held during the day.

The S&P BSE Sensex closed 60.8 points or 0.08%, higher at 73,806.15, while the NSE Nifty 50 advanced 39.65 points or 0.18%, to end at 22,378.

During the day, the Sensex rose as much as 0.34% to 73,994.7, while the Nifty declined 0.36% to 22,419.55.

On daily and intraday charts, the index has formed double bottom reversal formation and on weekly charts, it has formed bullish candle, which supports further uptrend from the current levels, according to Shrikant Chouhan, Head Equity Research, Kotak Securities.

"For the trend-following traders now, 22,200 (Nifty 50) would act as a key support zone. Above the same, the market could rally till 22,500-22,575 (Nifty 50)," Chouhan said.

Stock markets all around the world will remain shut on Saturday, while the Indian market opened as the national bourses conducted a special trading session for an easy switch over to a disaster recovery site.

Amid a renewed rally in technology companies, the U.S. stocks ended the week on a high note with the S&P 500 topping 5,100 — hitting its 15th record this year. On Friday, The S&P 500 index and Nasdaq 100 rose by 0.80% and 1.14%, respectively.

Shares of Tata Steel Ltd., ITC Ltd., Larsen and Toubro Ltd., Tata Motors Ltd., and State Bank of India advanced the most on the Nifty 50.

Meanwhile, ICICI Bank Ltd., Reliance Industries Ltd., Mahindra & Mahindra Ltd., Axis Bank., and Maruti Suzuki India Ltd. weighed on the index.

On NSE, all the sectors advanced with Nifty Media and Nifty Metal contributing the most. Nifty Bank ended marginally higher by 0.02%.

The broader markets outperformed the benchmark indices, as the BSE MidCap was 0.67% higher and the SmallCap ended 0.70% higher.

On the BSE, 19 out of the 20 sectors ended higher, with PSU Metal and Consumer Durables gaining the most by 1.44% and 0.95%, respectively. S&P BSE Bankex fell by 0.04% on Saturday.

The market breadth was skewed in favour of the buyers as 2,466 stocks rose, 965 fell and 126 remained unchanged on the BSE.

• H.G. Infra Engineering Ltd. received LoA from South Central Railway for a construction project worth Rs 447.1 crore.

Source: Exchange filing

Shares of Torrent Power Ltd. hit a 5% upper circuit after the company bagged an order worth Rs 2,700 crore from Railway Energy Management Co. to set up a renewable energy power plant.

The energy and power company received a letter of award from REMC for setting up a grid-connected renewable energy power plant project, with or without storage, according to an exchange filing on Friday. The power plant will supply 100 MW of round-the-clock power in Maharashtra.

The Rs 2,700 crore project will be commissioned within 24 months after the signing of the power purchase agreement. It will have a contract period of 25 years after the agreement is signed. The tariff is at Rs 4.25 per Kwh, the company said.

Torrent Power stock rose as much as 5% during the day to hit an upper circuit of Rs 1,172.05 apiece on the NSE. It was trading 3.92% higher at Rs 1160 apiece, compared to a 0.25% advance in the benchmark Nifty 50 as of 10:00 a.m.

It has risen 124.98% in the last 12 months. The total traded volume so far in the day stood at 0.4times its 30-day average. The relative strength index was at 57.6.

Three out of the 11 analysts tracking Torrent Power have a 'buy' rating on the stock, as many as two recommend a 'hold' and six suggest a 'sell', according to Bloomberg data. The average of 12-month analyst price targets implies a potential decline of 16.3%.

The broader markets outperformed larger peers; the S&P BSE MidCap Index was up 0.64%, and S&P BSE SmallCap Index was 0.65% higher.

Only one out of 20 sectors compiled by BSE advanced, with S&P Consumer Durables and S&P BSE Capital Goods advancing the most.

On NSE, all sectors were trading higher with Nifty Media and Nifty Metal advancing the most.

The market breadth was skewed in the favour of the buyers. About 2363 stocks advacned, 948 fell, while 131 remained unchanged on the BSE.

Shares of Tata Steel Ltd., Larsen and Toubro Ltd., ITC Ltd., Reliance Industries Ltd, and Tata Motors Ltd. advanced the most on the NSE.

Meanwhile, ICICI Bank Ltd., Mahindra & Mahindra Ltd., NTPC Ltd., Kotak Mahindra Bank Ltd., and HDFC Bank Ltd., declined the most.

The benchmark indices opened higher on the second of the two special trading sessions on Saturday, after hitting at a fresh record high on the previous session.

At pre-open of session 2, the S&P BSE Sensex Index was up 244.70 points, or 0.33%, at 73,990.05 while the NSE Nifty 50 was 69.65 points or 0.31% higher at 22,408.4.

Stock markets all around the world will remain shut on Saturday, while the Indian market will remain open as the national bourses will conduct a special trading session for an easy switch over to a disaster recovery site.

Amid a renewed rally in technology companies, the U.S. stocks ended the week on a high note with the S&P 500 topping 5,100 — hitting its 15th record this year.

On Friday, The S&P 500 index and Nasdaq 100 rose by 0.80% and 1.14%, respectively.

At the pre-open of session 2, the S&P BSE Sensex Index was up 244.70 points, or 0.33%, at 73,990.05 while the NSE Nifty 50 was 69.65 points or 0.31% higher at 22,408.4.

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The benchmark indices closed session 1 higher after hitting new fresh highs on the special trading day

As of 10:00 a.m., the S&P BSE Sensex Index was up 114.91 points, or 0.16%, at 73,860.19 while the NSE Nifty 50 was 56.25 points or 0.25% higher at 22,395.

Shares of Zee Entertainment Enterprises Ltd. rose nearly 3% on Saturday after a Delhi court has ordered Bloomberg to take down an article that alleged corporate governance issues at the company.

The court directed the media company to take down the article dated Feb 21 from its online platform within one week of receiving the order. "The defendants are further restrained from posting, circulating or publishing the aforesaid article in respect of the plaintiff on any online or offline platform till the next date of hearing."

The company argued that it wasn't given a chance to respond during these SEBI proceedings. It alleged that the article made "unverified claims" and linked Zee Entertainment to the SEBI orders.

The court also noted that the information in the article is said to come from anonymous sources and that SEBI has not officially disclosed any large financial irregularities.

Zee argued that the article was "false and factually incorrect, with a pre-meditated and malafide intention to defame the company".

Zee's stock rose as much as 2.83% during the day to Rs 159.7 apiece on the NSE. It was trading 2.06% higher at Rs 158.5 apiece, compared to a 0.25% advance in the benchmark Nifty 50 as of 10:00 a.m.

It has declined 19.71% in the last 12 months. The total traded volume so far in the day stood at 0.3times its 30-day average. The relative strength index was at 37.

Two out of the 22 analysts tracking Zee have a 'buy' rating on the stock, as many as four recommend a 'hold' and 16 suggest a 'sell', according to Bloomberg data. The average of 12-month analyst price targets implies a potential upside of 14%.

The broader markets outperformed larger peers; the S&P BSE MidCap Index was up 0.61%, and S&P BSE SmallCap Index was 0.64% higher.

Only one out of 20 sectors compiled by BSE advanced, with S&P Consumer Durables and S&P BSE Healthcare advancing the most.

On NSE, all sectors were trading higher with Nifty Media and Nifty Metal advancing the most.

Shares of One 97 Communications Ltd. fall over 1.5% on Saturday after financial Intelligence Unit-India imposed a penalty of Rs 5.49 crore on Paytm Payments Bank Ltd.

The penalty has been imposed for violations of the bank's obligations under the Prevention of Money Laundering Act, 2002, according to a press release.

The FIU-IND observed that the bank engaged in a number of illegal acts, including organising and facilitating online gambling. Money generated from such illegal operations was routed and channelled through bank accounts that were maintained by entities with Paytm Payments Bank.

Paytm's stock fell as much as 1.76% during the day to Rs 416 apiece on the NSE. It was trading 1.11% lower at Rs 418.75 apiece, compared to a 0.25% advance in the benchmark Nifty 50 as of 10:04 a.m.

It has declined 30.72% in the last 12 months. The relative strength index was at s40.7.

six out of the 14 analysts tracking Paytm have a 'buy' rating on the stock, as many as three recommend a 'hold' and five suggest a 'sell', according to Bloomberg data. The average of 12-month analyst price targets implies a potential upside of 60.8%.

Shares of Jio Financial Servies Lts. rose over 3% after the Bombay Stock Exchange announced its periodic reconstitution of S&P BSE Indices on Thursday, with Jio Financial Services Ltd. being the only addition to the S&P BSE Large Cap.

The changes in the index will be effective on March 18, according to a BSE statement.

Jio Financial Services, Tata Technologies Ltd., JSW Infrastructure Ltd. and Indian Renewable Energy Development Agency Ltd. were included in S&P BSE Large-Mid-Cap.

JFS stock rose as much as 3.7% during the day to Rs 329.65 apiece on the NSE. It was trading 3.43% higher at Rs 328.8 apiece, compared to a 0.26% advance in the benchmark Nifty 50 as of 09:57 a.m.

It has risen 32.1% in the last 12 months. The total traded volume so far in the day stood at 0.6times its 30-day average. The relative strength index was at 70.

One analyst tracking JFS has a 'buy' rating on the stock, according to Bloomberg data. The average of 12-month analyst price targets implies a potential decline of 11.5%.

All Nifty sectors opened and were trading higher with Nifty Media and Nifty Realty advancing the most.

Shares of Larsen and Toubro Ltd., Reliance Industries Ltd, Stata Bank of India, Infosys Ltd., and Mahindra and Mahindra Ltd. advanced the most.

Meanwhile, ICICI Bank Ltd., Axis Bank Ltd., Bharti Airtel Ltd., Axis Bank and ICICI Bank Ltd., declined the most.

The benchmark indices opened higher on the first of the two special trading sessions on Saturday, after ending at a fresh record closing on the previous session.

At pre-open of session 1, the S&P BSE Sensex Index was up 102.84 points, or 0,14%, at 73,848.19 while the NSE Nifty 50 was 68.2 points or 0.31% higher at 22,406.95.

Stock markets all around the world will remain shut on Saturday, while the Indian market will remain open as the national bourses will conduct a special trading session for an easy switch over to a disaster recovery site.

Amid a renewed rally in technology companies, the U.S. stocks ended the week on a high note with the S&P 500 topping 5,100 — hitting its 15th record this year.

On Friday, The S&P 500 index and Nasdaq 100 rose by 0.80% and 1.14%, respectively.

At pre-open of session 1, the S&P BSE Sensex Index was up 102.84 points, or 0,14%, at 73,848.19 while the NSE Nifty 50 was 68.2 points or 0.31% higher at 22,406.95.

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• U.S. Dollar Index at 103.86

• U.S. 10-year bond yield at 4.18%

• Brent crude up 2% at $83.55 per barrel

• Nymex crude up 2.18% at $79.97 per barrel

• Bitcoin was down 0.84% at $62,065.25

• Nifty March futures up by 1.31% to 22,451.25 at a premium of 112.5 points.

• Nifty March futures open interest down by 1.28%.

• Nifty Bank March futures up by 2.26% to 47,578 at a premium of 291.1 points.

• Nifty Bank March futures open interest up by 0.

• Nifty Options March 7 Expiry: Maximum Call open interest at 23,000 and Maximum Put open interest at 22,000.

• Bank Nifty Options March 6 Expiry: Maximum Call Open Interest at 49,000 and Maximum Put open interest at 46,500.

• Securities in ban period: Zeel.

• All securities will have a maximum price band of 5%.

• Moved out short-term ASM framework: Azad Engineering, EIH Associated Hotels, Force Motors, IFB Industries, Jana Small Finance Bank, Solara Active Pharma Sciences.

• Indian Hotels: To meet analysts and investors on March 11, 13.

• Whirlpool of India: To meet analysts and investors on March 6.

• PNB Bank: To meet analysts and investors on March. 4.

• Tarc: To meet analysts and investors on March. 4.

• Mahindra Logistics: To meet analysts and investors on March 6,7 and 8.

• Ajmera Realty: To meet analysts and investors on March. 6.

• Vedanta Fashion: To meet analysts and investors on March. 6.

• Apollo Micro Systems: Promoter Karunakar Reddy Baddam revoked the pledge of 11 lakh shares on Feb. 28.

• Choice International: Promoter Patodia Properties bought 1.5 lakh shares on Feb 28.

• Ultramarine and Pigments: Swayam Rajiv Doshi bought 1.47 lakh shares (0.5%) at Rs 399.96 apiece.

• Suven Pharmaceuticals: Abu Dhabi Investment Authority Stable bought 15.74 lakh shares (0.61%) at Rs 698.15, while Amansa Holdings sold 31.26 lakh shares (1.22%) at Rs 689.19 apiece.

• Star Health and Allied Insurance Co.: APIS Growth 6 sold 99.6 lakh shares (1.7%) at Rs 553.01 apiece, while ICICI Prudential Mutual Fund bought 69.6 lakh shares (1.19%) at Rs 553 apiece, and ICICI Prudential Life Insurance bought 30 lakh shares (0.51%).

• Zee Entertainment Enterprise: A Delhi court has ordered Bloomberg to take down an article that alleged corporate governance issues at the company and reported that the market regulator has found a $241 million accounting issue at the company.

• One 97 Communications: The Financial Intelligence Unit of India has imposed a penalty of Rs 5.49 crore on Paytm Payments Bank for violations of the bank's obligations under the Prevention of Money Laundering Act, 2002.

• Jio Financial Services: The Bombay Stock Exchange announced its periodic reconstitution of S&P BSE Indices on Thursday, with Jio Financial Services being the only addition to the S&P BSE Large Cap.

• Axis Bank: The company approved the raising of Rs 4,000 crore via long-term bonds, non-convertible debentures, and other debt instruments. The fundraise will have a base issue size of Rs 1,000 crore and a green shoe option of Rs 3,000 crore.

• Asian Paints: The company will set up a new water-based paint manufacturing facility in Madhya Pradesh with a capacity of 4 lakhs KL per annum. The approximate investment for the facility is Rs 2,000 crore.

• Torrent Power: The company received a Rs 2,700 crore order from Railway Energy Management for installing about 325 MW of renewable capacity. The company received a letter of award from NTPC Vidyut Vyapar Nigam to supply power from a a gas-based power project.

• Info Edge: Google removes Info Edge's job search app Naukri and property search app 99acres from Play Store enforcement action.

• Tanla Platforms, Vodafone Idea: Tanla Platforms has signed a definitive Memorandum of Understanding with Vodafone Idea Business Services Ltd. to deploy 'Messaging as a platform' in India.

• Cipla: The U.S. FDA conducted a pre-approval inspection at the manufacturing facility in China from Feb. 26 to March 1 and concluded with zero Form 483 observations.

• PVR Inox: The company opened a 4-screen multiplex in Patna and a 14-screen multiplex in Pune.

• Larsen and Turbo: The company’s arm has transferred the remaining 25% stake in step-down unit IIML to Allianz Infrastructure Luxembourg on Feb. 29.

• Maruti Suzuki India: The company reported total production volume at 1.78 lakh units vs. 1.59 lakh units year-on-year for the month of February.

• Hero MotoCorp: The company reported total sales at 4.68 lakh units vs. 3.94 lakh units year-on-year and total exports at 23,153 units vs. 12,143 units.

• Welspun Corp.: The company’s unit proposed to set up a manufacturing facility for plastic pipes and water storage tanks in Madhya Pradesh for an investment of Rs 400 crore.

• Rainbow Children Hospital: The company has inaugurated a new 80-bed hospital in Tamil Nadu. After this, the total bed capacity of the company will increase to 1,885 beds. The total project cost is Rs 60 crore.

• Lemon Tree: The company signed a franchise agreement for an upcoming hotel in Udaipur, Rajasthan, under its brand, ‘Keys Lite’.

• PFC: The company incorporated Bhuj II Transmission for the development of 'Augmentation of Transformation Capacity at Bhuj-11 PS' and Angul Sundargarh Transmission for the development of 'Eastern Region Transmission Limited Generation Scheme-I'.

• FSN E-Commerce Ventures: The company expands its global footprint with the launch of Nysaa, the first ever beauty retail store in Dubai, in collaboration with Apparel Group.

• S H Kelkar and Company: The company incorporated a wholly owned subsidiary in New Jersey, USA.

• Angel One: The company collaborated with a group of seasoned wealth managers to lead its tech-led omnichannel wealth management business.

• Ganesha Ecosphere: The company announced the start of commercial operations at its subsidiary's production lines for recycled polyester staple fibre and rPET chips in Telangana.

• Harsha Engineers: The company has terminated HASPL Americas Corp., a wholly owned subsidiary of the company, in accordance with applicable laws as per a certificate issued by the state corporation commission.

The national bourses will remain open for trading on Saturday as part of their plans to conduct a special live trading session in a bid to switch over to a disaster recovery site.

Earlier, both the National Stock Exchange and the Bombay Stock Exchange scheduled this special session for Jan. 20. This was then converted into a normal trading session as a market holiday was announced on Jan. 22 on account of the consecration of the Ram Mandir in Ayodhya, Uttar Pradesh.

The session will test the preparedness of the exchanges in case of any unexpected event during a normal trading session.

In case of any emergency, like a security breach, market operations can be temporarily relocated to a disaster recovery site to ensure continuity of normal operations.

Trading Session 1 From Primary Site

• Block deal window open time: 08:45 a.m.

• Block deal window close time: 09:00 a.m.

• Pre-open open time: 09:00 a.m.

• Pre-open close time: 09:08 a.m.

• Normal market open time: 09:15 a.m.

• Normal market close time: 10:00 a.m.

Trading Session 2 Disaster Recovery Site

• Pre-open open time: 11:15 a.m.

• Pre-open close time: 11:23 a.m.

• Normal market open time: 11:30 a.m.

• Normal market close time: 12:30 p.m.

• Closing session open time: 12:40 p.m.

• Closing session close time: 12:50 p.m.

• Trade modification end time: 13:00 p.m

Trading Session 1 From Primary Site

• Normal market open time: 09:15 a.m.

• Normal market close time: 10:00 a.m.

Trading Session 2 Disaster Recovery Site

• Normal market open time: 11:30 a.m.

• Normal market close time: 12:30 p.m.

• Trade modification end time: 12:40 p.m.

• All securities will have a maximum price band of 5%.

• Securities already in the 2% or lower price band shall continue to be available in the respective bands.

• Price bands of 5% will be applicable to all close-ended mutual funds.

• All futures contracts shall have a daily operating range of 5%.

• No flexing of securities or futures contracts shall be applicable on that day.

• The price band for equity segments and futures contracts, which will be applicable at the start of the day at DC, shall be applicable at DR.

• Any changes in price bands of option contracts due to market factors up to the close time at the primary site would be carried forward to the disaster recovery site.

Stock markets all around the world will remain shut on Saturday, while the Indian market will remain open as the national bourses will conduct a special trading session for an easy switch over to a disaster recovery site.

Markets in the U.S. ended higher on Friday flowing a positive closing of their European and Asian peers. The Nikki 225 ended 1.9% higher at 39,910.82, while the S&P ASX 200 ended 0.61% higher at 7,745.61.

Amid a renewed rally in technology companies, the U.S. stocks ended the week on a high note with the S&P 500 topping 5,100 — hitting its 15th record this year.

On Friday, The S&P 500 index and Nasdaq 100 rose by 0.80% and 1.14%, respectively. The Dow Jones Industrial Average advanced by 0.23%. The yield on the 10-year U.S. bond closed at 4.18%, and Bitcoin was above $62,000.

Brent crude was above $83 a barrel, whereas WTI crude was below $80 a barrel.

The GIFT Nifty, an early indicator of the Nifty 50 Index’s performance in India, was up 60.5 or 0.27% at 22,511 as of 02:47 a.m.

The benchmark equity indices ended at new all-time closing highs on Friday after the country's third-quarter gross domestic product beat economists' estimates.

The NSE Nifty 50 was 355.95 points or 1.62%, up at 22,338.75, and the S&P BSE Sensex closed 1,245.05 points or 1.72%, higher at 73,745.35. Intraday, the Nifty hit a new life high of 22,353.30 points and the Sensex hit a new high of 73,819.21 points.

Overseas investors remained net buyers of Indian equities for the second consecutive session on Friday. Foreign portfolio investors mopped up stocks worth Rs 128.9 crore, while domestic institutional investors purchased equities worth Rs 3,814.5 crore, according to provisional data from the National Stock Exchange.

The Indian rupee closed flat at Rs 82.91 against the greenback, according to Bloomberg data.