All sectoral indices were trading in the green barring FMCG and IT.
The Nifty50 slipped below its crucial short term moving an average of 5-days exponential moving average (EMA) to close below 11400 levels, with a cut of over 100 points.
"A consolidation of 200-300 points is good for D-Street," said Shailendra Kumar of Narnolia Financial Advisors.
Technically, Nifty formed a bearish candle, but at the same time, it has been holding above crucial support levels, said Chandan Taparia of Motilal Oswal Financial Services.
FMCG, telecom and energy indices rose over 1 percent each while capital goods, auto, and metal indices saw a bit of profit-taking
Ritesh Ashar of KIFS Trade Capital is bullish on the market and expect the Nifty to climb 11760 levels.
Chandan Taparia of Motilal Oswal Financial Services said the index is all set to hit fresh life highs of 11760 by 8-10 weeks or by May-end.
Experts said it is now advisable to look at stocks which are displaying signs of a breakout.
Yogesh Mehta of Motilal Oswal Securities said when the market moves from strong disappointment to optimism, retail investors should watch out for the stocks that they pick for their portfolio
The market has been moving in one direction and that is up so far in March. The SP BSE Sensex has already rallied 1668 points while Nifty surged 509 points in the same period.
The SP BSE Sensex closed above 37000 for the first time since September 19, 2018, while Nifty50 reclaimed 11,100 levels for the first time since September 21.
On a weekly basis, Nifty50 closed with gains of 1.5 percent while the Sensex rallied over 600 points or 1.6 percent.
IT stocks succumbed to selling pressure for yet another day as the rupee hit a 2-month high. Wipro was down 3 percent, while Infosys and Tech Mahindra shed a little over 1 percent each.
Vishal Malkan, Founder Malkans View said it might be early to say that the pre-election rally has started but one thing is certain that March expiry will be better than February.
GMR Infrastructure was trading with volumes of 11,616,886 shares compared to its five day average of 1,136,111 shares while United Breweries was trading with volumes of 127,679 shares, compared to its five day average of 18,529 shares.
HCC said it will utilise the amount to prepay debt of Rs 1,250 crore, including its entire term loan of Rs 942 crore which is due in the next 3 years and Rs 308 crore of OCDs
Nifty PSU Bank has added close to 2 percent led by Union Bank of India, Syndicate Bank, Canara Bank, Bank of India, PNB, State Bank of India, IDBI Bank and Indian Bank
Under this Partnership agreement Laurus Labs received and executed the order from Global Fund which would cater to the supplies of the high burden diseases countries in Sub Saharan African (SSA) region.
Consumer goods company ITC sold the brand John Players and related trademarks and intellectual property to Reliance Retail as part of its restructuring plan, Reuters said quoting ITC spokesperson.
Before this stake sale, LIC held 1.85 lakh shares (representing 9.889 percent of total paid-up equity) of ACC.
The order will be completed within a period of 24 months from the appointed date.
The present invention enables Trident to manufacture fabric for bed bath products without the use of chemically harmful fibers.
The HCL ADvantage Experience provides marketers with digital stores and libraries for quick launches, as well as the ability to integrate data from disparate legacy marketing systems, it added
The breadth of the market favoured the advances with 932 stocks advancing and 723 declining while 426 remained unchanged. On the BSE, 1278 stocks advanced, 1026 declined and 132 remained unchanged.
The approval to treat moderate to severe Rheumatoid Arthritis (RA) and Juvenile Idiopathic Arthritis was received on March 26
DoT officials opined that airwaves, for which there has been a default in payment, cannot be shared or traded
The realty major, on March 25, launched its QIP offer to raise over Rs 3,000 crore by selling 17.3 crore equity shares to qualified institutional investors
LT Hydrocarbon Engineering Limited has won a large order from Tawfiq Coke Products-Oman