Indian Stock Market Tips; Today Sensex, Nifty volatile

The Indian stock market continued to be range bound. The Sensex rose 29.02 points to 28290.10 and the Nifty advanced 5.25 points to 8576.15. However, the broader markets underperformed, falling marginally. Declining shares outnumbered advancing ones by a ratio of 1449 to 866 on the Bombay Stock Exchange.

Tata Motors gained 1 percent. The company has a board meeting on March 25 to consider details terms of proposed rights issue which is of up to Rs 7,500 crore. The company will also consider a buyback of secured NCDs with face value of Rs 1,250 crore. Globally markets remained firm with the Nikkei and Shanghai Composite sitting at fresh highs. Brent crude hovered around USD 55 per barrel.
The share market remained volatile with the Nifty moving in a range of 8550-8600. Telecom, oil, FMCG, Pharma and select private banks gained. The Sensex rose 54.85 points to 28315.93 and the Nifty advanced 7.75 points to 8578.65. However, the broader markets underperformed benchmarks with the BSE Midcap and Small cap indices falling 0.4 percent each. About 745 shares have advanced, 1124 shares declined, and 134 shares are unchanged on the BSE.
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