Stock Market Closing Report on 1 April 2021


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  • by Stocktry Expert
  • 01st Apr 2021

Stock Market Closing Report on 1 April 2021

CLOSING REPORT


SENSEX



50029.83



+520.68



+1.05%
NIFTY 14867.35 +176.65 +1.20%
BANKNIFTY 33858.00 +554.10 +1.66%
NIFTYIT 25980.40 +125.40 +0.49%
MIDCAP 20516.40 +335.09 +1.66%
BSE500 19866.86 +264.91 +1.35%
BSEFMC 12867.07 -8.33 -0.06%
BSE IT 26769.77 +226.53 +0.85%

Sectoral Indices
BANKNIFTY 33858.00 +554.10 +1.66%
NIFTYIT 25980.40 +125.40 +0.49%
NIFTYPHARMA 12377.10 +104.50 +0.85%
NIFTYFINANCE 15909.25 +193.65 +1.23%
NIFTYFMCG 34874.55 -57.15 -0.16%
NIFTYMNC 16273.75 +12.35 +0.08%
NIFTYAUTO 10022.60 +160.15 +1.62%
NIFTYMETAL 4189.15 +211.95 +5.33%

SENSEX fell 627.43 points, or 1.25 percent, to 49,509.15 on March 31 while the NIFTY50 declined 154.40 points, or 1.04 percent, to 14,690.70. According to pivot charts, the key support levels for the NIFTY are placed at 14,636, followed by 14,581.3. If the index moves up, the key resistance levels to watch out for are 14,779.6 and 14,868.5.

FII/FPI trading activity on NSE,BSE and MSEI in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
FII/FPI 01-Apr-2021 7279.28 7129.87 149.41
DII trading activity on NSE,BSE and MSEI in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
DII 01-Apr-2021 3621.88 3918.72 -296.84
he markets opened strong, and witnessed weakness mid-day. In the second half, however, the Nifty50 rallied and closed about 1% higher. The strong buying interest led to 41 of its stocks closing in the green.
Among the sectoral indices, Nifty Metal (+5.3%) and Nifty PSU Bank (+2.6%) witnessed the strongest gains, while Nifty FMCG (-0.1%) was the only index to close in the red.
Top gainers (Nifty50)

JSW Steel

 ▲7.9%
Hindalco ▲ 6.5%
Tata Steel ▲ 5.8%
Top losers (Nifty50)
HUL ▼1.3%
Nestle India ▼0.6%
HDFC Life ▼0.5%
Here are the top stories of the day.
Tata Motors posts record sales in March The auto major’s passenger vehicle division sold 29,654 units in March, its highest monthly sales in the past nine years. The company’s overall domestic sales rose 14% month-on-month (MoM) to 66,609 units. Tata Motors’ commercial vehicle (CV) sales rose about 20% MoM, while its competitor Ashok Leyland witnessed a 25% surge in its CV sales during the same period. Shares of Tata Motors and Ashok Leyland rose 2% and nearly 4%, respectively.
Wipro to acquire Australian cybersecurity firm The IT major has signed an agreement to acquire Ampion, an Australian cybersecurity services provider for $117 million. Ampion is headquartered in Melbourne, with a presence in Sydney, Brisbane and Canberra.

The Wipro management believes that the acquisition will help it expand its footprint in the Asia-Pacific region. The acquisition is subject to regulatory approvals and is expected to close by the end of Q1FY22. Shares of Wipro rose by 0.6% in an overall strong market.
Aviation turbine fuel prices slashed State-owned fuel retailers have reduced Aviation Turbine Fuel (ATF) prices by 3% in line with the dip in the international crude oil prices. ATF prices were cut by ₹1,887 per kilolitre, to ₹58,374 per kilolitre.

This is the first reduction in ATF rates in two months. This week, shares of Indigo and Spicejet were up 0.2% and 4.1%, respectively.
Mishra Dhatu soars on record FY21 sales Shares of the state-owned metal manufacturer climbed nearly 10% intraday after the company declared that it achieved record sales in FY21. The company clocked ₹810 crore in provisional sales in FY21, a 14% YoY rise.

Interestingly, in Q4FY21, the company recorded sales of ₹346 crore, a 67% YoY rise. Meanwhile, the stock has been consolidating since the start of 2021.
Closing bell Despite the initial hiccup, the Indian markets staged a rally today in line with the international indices. Metal stocks rose sharply today, and the Nifty Metal index has risen 22% in the Jan-Mar quarter. To an extent, bullish investor sentiment in the metals indicates that the street expects metal companies to deliver strong Q4 results. Further, the pick up in auto sales is also favourable for demand in metals. As we come back next week, manufacturing PMI numbers will be released on Monday, which will give us an indication of the industry’s perception of demand. Further, the RBI is expected to announce its interest rate decision on Wednesday, which can impact the markets.

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