What happened at the Indian Stock Market today?

NIFTY shrugged off losses from earlier in the session, thanks to financial stocks. The 50-share NSE index NIFTY fell 0.15% to finish at 10410.90 on Wednesday. The Indian benchmark index NIFTY recovered from day’s low in the afternoon trade and ended marginally lower in red but settled above its crucial psychological level of 10,400. Despite Financial stocks erased losses from earlier in the session to show some gains, oil marketing companies fell to offset those gains following a rally on global crude prices.

Looking overseas, European markets trading higher while Asian markets finished broadly lower on Wednesday. The Global investor’s sentiment took a hit following the U.S. Secretary of State’s termination and also by the possibility of additional U.S. imports tariffs.

Among sector gauges compiled by the NSE, NIFTY METAL, NIFTY REALTY and NIFTY FMCG are top losers while NIFTY MEDIA, NIFTY BANK and NIFTY IT are top gainers.

From the NIFTY 50 basket of shares, IOC, INFRATEL, HINDPETRO, HEROMOTOCO, and ONGC underperformed as top losers while TECHM, AMBUJACEM, BAJFINANCE, YESBANK, and ULTRACEMCO are top gainers.

Top stocks to watch on Thursday 15 March

UNIONBANK: This stock surged by 4.62% and finished at Rs.102 with 69% increased trading volume on Wednesday. Derivative traders were aggressive in adding long positions and the open interest gained by 7.16%. This stock is currently trading inside the trading range and the support is seen around Rs.91 and resistance is seen around Rs.124.

TV18BRDCST: This stock surged by 6.11% and closed at Rs.67.7 with 2 times the increased trading volume on Wednesday. Derivative traders were aggressive in adding long positions and the open interest gained by 9.88%. This stock is currently settled above the recent resistance zone and the short term support around Rs.54.

PFC: This stock dipped by 3.51% and to close at Rs.86.7 on Wednesday. This stock trading volume hiked by 108% times with 58% of the trades is deliverable volume. This stock is currently trading below its recent support zone as it registered a considerable fall in recent sessions and the near term resistance is seen around Rs.112.

KPIT: This stock surged by 4.23% and finished at Rs.229.20 with 56% increased trading volume on Wednesday. Derivative traders were aggressive in adding long positions and the open interest gained by 14.18%. This stock is currently settled above the recent resistance zone and the short term support is around Rs.197.

JPASSOCIAT: This stock surged by 9.36% and ended at Rs.16.35 with 75% increased trading volume on Wednesday. Derivative traders were aggressive in exiting short positions and the open interest reduced by 3.48%. This stock is currently trading inside the trading range and the support is seen around Rs.13 and resistance is seen around Rs.20.

IOC: This stock slipped by 3.14% and to close at Rs.395.05 on Wednesday. This stock trading volume hiked 2 times with 69% of the trades is deliverable. This stock is currently is oscillating nearer to its resistance zone of Rs.397.

IDBI: This stock surged by 9.59% and settled at Rs.73.7 with 80% the increased trading volume on Wednesday. This stock did rise in the last trading session but fell by a significant margin on a weekly basis. This stock is currently trading inside the trading range and the Support is seen around Rs.61 and resistance is seen around Rs.87.

ANDHRABANK: This stock surged by 4.56% and closed at Rs.41.3 with 2 times the increased trading volume on Wednesday. This stock did rise in the last trading session but fell by a significant margin on a weekly basis. This stock is currently trading inside the trading range and the Support is seen around Rs.36 and resistance is seen around Rs.49.

ADANIENT: This stock surged by 3.19% and ended at Rs.164.85 on Wednesday. This stock is listed in top traded counters with a majority of intraday trades. This stock is trading around the lower range of its price band and the crucial support zone is around Rs.158.