Dear Reader,

We are now on Telegram! Get our latest views on stock markets and more, instantly. Join our Telegram channel here & LIKE OUR FACEBOOK PAGE.

Nifty & Sensex closed in Deep RED on the Opening day of the Financial Year, the later plunging more than 1,200 points; Nifty closing below 8,300 as a huge selloff was seen in world markets due to spiralling Covid-19 cases.

It was MSCI’s decision to defer changes to India’s weightage in its global indices, which could have potentially brought in about $10 billion overseas money at a time when foreign portfolio investors have been dumping Indian assets.

India VIX falls another 6% and ends at 60%.

In F&O Segment, PVR , Escorts & Jindal Steel tanks more than 10%

Please See our Dashboard report below

Nifty Trend

BankNifty Trend

VIX Trend

Gold-Rate Trend

Sectorwise Change :

Read more here for detailed report on SECTORS – Indian Stock Market.

New 52Week Lows :  EICHERMOT

New 52Week Highs:  HUL

HH-LL Trade Setup: 

The above levels are arrived based on Simplest Trading Strategy that works.

DAY HIGHLIGHTS :

• Kotak Bank fell near to 10% based on Conf call updates
• PVR, Reliance Retail invoke ‘Act of God’, won’t pay rent
• YES Bank raises Rs 3,500 crore via CDs in second attempt
• ITC looks to add spice maker Sunrise Foods to its menu
• INDIABULLS HOUSING FINANCE: PROMOTER GROUP ACQUIRED 4% STAKE IN CO THROUGH MARKET PURCHASE FROM MARCH 26 TO MARCH 31
• ICICI BANK: CUTS LENDING RATE BY 15 BPS ACROSS TENORS – CNBCTV18
• HDFC: Rs 48.44cr NSE Block Trade; for ~300804 shares, at Rs 1610.45
• PFC: Rs 13.02cr NSE Block Trade; for ~1404159 shares, at Rs 92.7
• Investors lose over Rs 30 lakh cr in March; 43 stocks in BSE 500 fall over 50%
• Biocon share price rises nearly 5% on EIR for Malaysia facility
• Oil & gas stocks fell after bigger-than-expected rise in US inventories and a widening rift within OPEC heightened oversupply fears. BPCL, HCPL, IOC, ONGC and Reliance Industries shed 2-3 percent each.
• Shares of Delta Corp jumped almost 5 percent, a day after Radhakishan Damani bought 15,50,000 shares in the company at Rs 65.25 each from Derive Investments.

Auto stocks slip on weak March sales :

• The country’s top carmaker, Maruti Suzuki India, reported a 47 percent fall in sales for March. The company sold 83,792 vehicles in March against 1,58,076 units in year-ago period. Shares of Maruti ended 1.03 percent lower.
• Ashok Leyland reported a 90 percent decline in vehicle sales at 2,179 units. The company sold 21,535 units in the same month last year, Ashok Leyland said in a regulatory filing. Shares of the company closed 4.53 percent lower.
• Eicher Motors’ total VECV sales plunged nearly 83 percent YoY. The stock closed 0.66 percent down. Sales of Volvo-Eicher Commercial Vehicles, a unit of Eicher Motors Ltd., fell 82.7 percent year-on-year to 1,499 units in March, the company said in an exchange filing. VECV had sold 8,676 units in the year-ago period.
• Escorts’ tractor sales more-than-halved to 5,444 in March 2020 against 11,905 tractors sold in the same month last year. Shares of Escorts plunged 9.64 percent.Escorts’ Sales Fell 54% Year-On-Year In March
• Sales of Tata Motors Ltd. fell 84 percent year-on-year to 11,012 units in March. The automaker had sold 68,727 units in the year-ago period. Domestic Sales down 84% at 11,012 units vs 68,727 units CV Sales down 87% at 7,123 units vs 56,536 units PV Sales down 68% at 5,676 units vs 17,810 units
• MG Motor India has reported total retail sales of 1,518 units in March 2020, including 116 ZS EV and 1,402 Hector SUV.

Please follow us for daily reports.