24 Mar , 2022 By : monika singh
Share Market News Today | Sensex, Nifty, Share Prices LIVE: Indian markets opened on a negative note tracking weak global cues. While BSE Sensex was down 399.34 points or 0.69% at 57285.48, MSE Nifty 50 was down 117.00 points or 0.68% at 17128.70. Bank Nifty declined 1.53% or 552 points to 35,595. ONGC, Coal India, Hindalco Industries, JSW Steel and Tata Steel were among major gainers on the Nifty, while losers were Kotak Mahindra Bank, ICICI Bank, Hero MotoCorp, Bajaj Finance and Asian Paints. Sectorally, Nifty Banks, Financials and Auto indices suffered sharp losses, trading up to 1 per cent lower. On the flipside, Metal, and Energy pack were the top outperformers
Rakesh Jhunjhunwala-owned Tata Motors' share price has fallen 13% so far this year with the most recent fall coming as foreign investors book profits. Analysts at ICICI Direct believe that after the recent correction, auto sector stocks may now witness renewed momentum amid a sustained broader market recovery where Tata Motors is set to benefit. Analysing the derivative data for Tata Motors, ICICI Direct said there has been fresh long accumulation at lower levels in the stock. The brokerage firm has a target of Rs 515 per share, translating to around 20% upside from today’s opening at Rs 430 apiece.
Indraprastha Gas Ltd (IGL) has hiked the price of domestic piped natural gas in Delhi by Re 1 per standard cubic metre (SCM) to Rs 36.61 per unit. In Noida, Greater Noida, and Ghaziabad domestic PNG will now cost Rs 35.86 per SCM. In Gurugram, it will be Rs 34.42 per SCM, as per the new rates. IGL shares were trading at Rs 376, up 0.84% on BSE.
Patanjali-backed Ruchi Soya Industries has raised Rs 1,290 crore from anchor investors ahead of its further public offering (FPO), which opens for public subscription today, 24 March 2022. The FPO consists of fresh issuance of equity shares for an amount aggregating to Rs 4,300 crore. The firm has allocated 1.98 crore equity shares at the upper price band at Rs 650 per equity share to anchor investors such as Societe Generale, BNP Paribas, The Sultanate of Oman – Ministry of Defence Pension Fund, among others.
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