After opening the day on a positive note, Indian share markets continued their momentum throughout the session and ended higher.

Benchmark indices advanced on Monday aided by a rise in IT stocks following strong economic data from the US, while a rally in Adani group stocks boosted risk appetite.

At the closing bell, the BSE Sensex stood higher by 415 points (up 0.7%).

Meanwhile, the NSE Nifty closed up by 117 points (up 0.7%).

Adani Enterprises, Tata Motors, and ONGC were among the top gainers today.

Britannia, Tata Steel, and JSW Steel were among the top losers today.

The SGX Nifty was trading at 17,770, up by 137 points, at the time of writing.

Broader markets ended on a positive note. The BSE Midcap index gained 0.7% and the BSE SmallCap index gained 0.9%.

Sectoral indices ended on a mixed note, with stocks in the power sector, energy sector, and auto sector witnessing buying.

While stocks in the metal sector and realty sector witnessed selling.

Shares of Procter and Gamble Health, and Triveni Turbine hit their 52-week highs today.

Now track the biggest movers of the stock market using the stocks to watch today section. This should keep you updated with the latest developments...

Asian share markets ended on a mixed note. The Hang Seng ended higher by 0.2% while the Shanghai Composite index fell by 0.2%. The Nikkei ended 1.1% higher.

US stock futures are trading on a negative note. Dow futures are trading lower by 0.1% while Nasdaq futures are trading flat.

The rupee is trading at 81.8 against the US$.

Gold prices for the latest contract on MCX are trading higher by 0.3% at Rs 55,900 per 10 grams.

Meanwhile, silver prices for the latest contract on MCX are trading up by 0.4% at Rs 64,627 per kg.

Speaking of stock markets, while growth is important for a company's survival in the long term, it should not be the end-all for investors when picking stocks.

Often, investors get blindsided by high-growth companies, even though they are barely profitable or in some cases, burning massive piles of cash. So, does that mean an investor must choose between growth and profit?

Not necessarily. Investors can use financial ratios such as ROCE to gauge how efficiently the company is using its capital to generate returns for its shareholders.
 

Why Adani Group Stocks Rallied Today

Today, all Adani group stocks ended on a positive note. Shares of Gautam Adani's conglomerate rallied for the fifth consecutive day after NRI investor Rajiv Jain's Rs 150-billion (bn) bet helped bulls forget Hindenburg allegations.

As a result of today's rally, the market cap of Adani stocks rose about Rs 500 bn today to cross the Rs 9 trillion mark.

Since the release of the Hindenburg report in late January 2023, Adani stocks have lost more than half of their combined market value.

To investigate the issue, the Supreme Court has formed a committee to investigate and also asked Sebi to conclude its ongoing investigation within the next two months.

It remains to be seen how the Adani-Hindenburg saga will continue to affect the Indian share markets.
 

Why Mahanagar Gas Share Price Zoomed 8% Today

The share price of Mahanagar Gas rallied today to hit a new 52-week high after the company signed an agreement to acquire a 100% stake in city gas distributor (CGD) Unison Enviro (UEPL) for Rs 5.3 bn.

The company has signed a Share Purchase Agreement (SPA) with Unison Enviro Private Limited (UEPL) and existing shareholders of UEPL (Ashoka Buildcon Ltd. and an investment fund managed by Morgan Stanley India Infrastructure) to acquire a 100% stake in UEPL.

UEPL has been authorized by PNGRB to implement the CGD network in the Geographical Areas (GAs) of Ratnagiri, Latur & Osmanabad in the state of Maharashtra, and Chitradurga & Devengere in the state of Karnataka.

Note that Mahanagar Gas has been supplying Natural Gas by way of Compressed Natural Gas (CNG) to vehicles and Piped Natural Gas (PNG) to domestic, commercial, and industrial consumers in Mumbai, Navi Mumbai, Thane, including adjoining areas and Raigad district.

In the past year, shares of the company have gained 35.4% and in 2023 so far, shares are up 16.8%.

Mutual Fund Inflows on the Rise, Cross Rs 1.5 Trillion

Moving on to news from the mutual funds' space, Indian mutual funds have kept their faith in Indian equity markets despite multiple headwinds all through fiscal 2022-23 with their net flow in equities crossing Rs 1.5-trillion mark for the second consecutive financial year.

So far in FY23, MFs have pumped in a net Rs 1.53 trillion in equities till 1 March 2023, as compared to Rs 1.72 trillion in FY22.

Since FY15, except in FY21 when they sold a net Rs 1.21 trillion, MFs have been net buyers in equities. In the past nine financial years between FY15 and FY23, they have pumped in a massive Rs 6.90 trillion in the Indian equity market, data shows.

Take a look at the table below to see the recent inflows.

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