Sensex Today: Live Stock Market Updates: Banks, Infosys and RIL Push Sensex up 850; Nifty approaches 16,900; all sectors in the green; India’s VIX drops 6%

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Unichem Laboratories Obtains USFDA Approval for Generic Nebivolol Tablets
Price as of March 16, 2022 1:00 p.m.Click on company names for their live prices.
BUZZING STOCK: PAYTM INCREASES BY 7%
SGX selects TCS to facilitate trade at NSE IFSC-SGX Connect in Gift City
Tata Consultancy Services has been selected by the Singapore Stock Exchange to manage the NSE IFSC-SGX Connect in the Gujarat International Finance Tec-City Special Economic Zone. The NSE IFSC-SGX Connect will use TCS’ flagship TCS Bancs solution to facilitate Nifty exchanges between India and Singapore, TCS, India’s largest IT company, said in a statement.
NBCC (India) Limited got total revenue of Rs 104.39 crore in the month of February
Price as of March 16, 2022 12:40 p.m.Click on company names for their live prices.
GLOBAL MARKET UPDATE: HANG SENG TECH INDEX UP AROUND 20%

BSE registered investor accounts hit 10 crore milestone
@bseindia hit a record high of 10 crore (100 million) registered investor accounts. Congratulations India! … https://t.co/1j8s7Wqsni
— Ashish Chauhan (@ashishchauhan) 1647406194000
Formula 1 and Tata Communications announce multi-year strategic collaboration
Price as of March 16, 2022 12:14 p.m.Click on company names for their live prices.
Top Retail Space Winners and Losers
Price as of March 16, 2022 12:05Click on company names for their live prices.
The price of ATF rose 18% to a record high; airline stocks still in the green
Price as of March 16, 2022 11:32 amClick on company names for their live prices.
INDIA VIX drops over 6% below 25 levels

Global market update: Hong Kong shares rise more than 5% as tech sector soars
Hong Kong shares rose more than 5% in Wednesday’s afternoon session, led by a massive rise in tech titans including Alibaba and JD.com after a painful rout in recent days . The Hang Seng Index climbed 5.24%, or 965.50 points, to 19,380.58.
Rane Holdings is additionally acquiring 1,80,000 shares of its subsidiary Rane Brake Lining Limited by purchase on the open market. RHL’s aggregate stake in RBL after this acquisition increased from 47.70% to 50.03%
Price as of March 16, 2022 10:54Click on company names for their live prices.
India’s fuel sales surge in first half of March: Reuters
India’s state fuel retailers recorded robust growth in gasoline and diesel sales in the first half of March, preliminary fuel sales data showed on Wednesday, as consumers and dealers exceeded tanks due to the likelihood of higher fuel prices after March 10.
Top 5 auto pack winners
Price as of March 16, 2022 10:16 a.m.Click on company names for their live prices.
Eureka Forbes hits 5% lower circuit in post-split listing

BUZZING: Zomato slips below Rs 76 IPO price

The most active stocks on NSE in opening trades
Price as of March 16, 2022 09:24Click on company names for their live prices.
Sector watch: all indices are trading on a positive note in the morning session

Except Sun Pharma, all constituents of Sensex in the green

OPENING BELL: Sensex climbs 800 points, Nifty nears 16,900; HDFC and Axis Bank gain 3% each

Pre-open session: Sensex gains 950 points, Nifty above 16,850
SGX Nifty Signals Early Spread
Nifty futures on the Singapore Stock Exchange traded 255.5 points, or 1.53%, at 16,908, signaling Dalal Street was heading for an early gap on Wednesday.
Tech View: Nifty50 support at 16,400
Nifty50 saw strong selling pressure near its 200-day moving average on Tuesday, with the index eventually forming a large bearish candle on the daily chart. Analysts believe that the index is enjoying strong support around the 16,400 level while they see resistance for the index at the 17,000 level.
Hong Kong stocks open sharply higher
Hong Kong stocks surged in early trading on Wednesday morning as bargain buyers moved in after losing more than 10% in the previous three days, fueled by a rout in tech companies. The Hang Seng Index jumped 2.79%, or 513.12 points, to 18,928.20. The Shanghai Composite Index added 1.43%, or 43.70 points, to 3,107.67, while the Shenzhen Composite Index on China’s second-largest stock exchange climbed 1.80%, or 36.24 points, at 2,049.61.
Tokyo stocks open higher after US gains
Shares in Tokyo opened higher on Wednesday, extending U.S. gains as investors took a breather after another sharp drop in crude prices. The benchmark Nikkei 225 rose 0.75% or 190.12 points to 25,536.60 in early trading, while the broader Topix index rose 0.77% or 14.14 points to 1,840.77. Japanese stock prices are being supported by “strong rallies in the US market due to receding concerns about inflation, following the fall in crude oil prices”, said Toshiyuki Kanayama, senior analyst at the market at Monex.
Fed Policy Outcome Today
At the end of the Federal Reserve’s two-day policy meeting, the central bank is expected to raise interest rates by a quarter of a percentage point. The focus will also be on projections showing how much policymakers think rates will need to rise this year and in 2023 and 2024 to get inflation under control, Reuters reported. Fed Chairman Jerome Powell is due to hold a press conference shortly after the policy decision.
Biden signs $1.5 billion omnibus spending bill
US President Joe Biden has signed into law a $1.5 trillion omnibus spending bill for fiscal year 2022 to fund the federal government through the end of September. The bill, which was approved by the US Congress last week, includes $730 billion in non-defence funding and $782 billion in defense funding.
Wall Street jumps after 3 days of crisis, a meeting of the Fed is considered
U.S. stocks rallied on Tuesday, with the S&P 500 poised to post a 3-day streak of declines as a further drop in oil prices and a weaker-than-expected reading in producer prices helped ease inflation fears among investors who are now focused on the federal government. Next reserve policy announcement. The Dow Jones Industrial Average rose 377.81 points, or 1.15%, to 33,323.05, the S&P 500 gained 54.4 points, or 1.30%, to 4,227.51 and the Nasdaq Composite added 220.51 points, or 1.75%, to 12,801.73.
REITs sell shares worth Rs 1,250 crore
Net-net, Foreign Portfolio Investors (REITs) were sellers of domestic stocks at Rs 1,249.74 crore, according to data available with NSE. DIIs were net buyers to the tune of Rs 98 crore, according to the data.
Rupee drops 8 paise to 76.62 ahead of Fed policy
The rupee pared early gains to close 8 paise at 76.62 against the US dollar on Tuesday, marking its third consecutive day of losses on sustained currency outflows, inflation concerns and rate hike expectations. by the US Federal Reserve. In addition, strong selling in domestic equities also weighed on domestic unity, traders said.
Sensex, Nifty on Tuesday
Market benchmarks halted their five-day rally to close with deep cuts on Tuesday ahead of a key U.S. Federal Reserve policy meeting amid continued uncertainty over the Ukraine crisis. After opening with gains of over 200 points, the 30-stock Sensex fell in afternoon trading, before finally ending 709.17 points or 1.26% lower at 55,776.85. . Nifty plunged 208.30 points or 1.23% to 16,663.
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