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March 17, 2023 / 04:24 PM IST

Closing Bell: Nifty around 17,100, Sensex up 355 pts backed by IT, metal, realty

Barring auto and FMCG, all other sectoral indices ended in the green.

  • Closing Bell: Nifty around 17,100, Sensex up 355 pts backed by IT, metal, realty
    Stock Market Today:
    • 03:30 PM IST

      Nomura says 'buy' on Info Edge, target at Rs 4,940

    • 03:21 PM IST

      Morgan Stanley keeps 'overweight' rating on DLF, target at Rs 417

    • 03:18 PM IST

      NCLT approves merger of HDFC & HDFC Bank

    • 03:17 PM IST

      Jefferies maintains buy rating on NTPC, target Rs 195

    • 03:01 PM IST

      G R Infraprojects emerges as lowest bidder for a project worth Rs 587.59 crore

    • 03:00 PM IST

      Maruti Suzuki introduces All New Brezza S-CNG

    • 02:54 PM IST

      TeamLease Services board sets April 3 as the record date for share buyback

    • 02:53 PM IST

      Morgan Stanley maintains overweight rating on Bharat Forge, target Rs 1,068

    • 02:45 PM IST

      Himatsingka Seide to consider opening USD 12.5 million FCCBs, Rs 460 crore NCDs issues on March 21

    • 02:36 PM IST

      Delhi High Court directs DMRC to pay Rs 4,800 crore as per Arbitral Award to Reliance Infra, stock price jumps

    • 02:30 PM IST

      GAIL India signs MoU with Shell Energy India for hydrocarbon imports

    • 02:13 PM IST

      Sandwell Council collaborates with Infosys to provide free digital learning platforms for residents, colleges, and schools

    • 02:03 PM IST

      Market at 2 PM:

      Sensex was up 213.31 points or 0.37 percent at 57,848.15, and Nifty 50 was up 73.90 points or 0.44 percent at 17,059.50.

    • 01:56 PM IST

      USDINR spot price is expected to trade in a range of 82-83: Anuj Choudhary

    • 01:50 PM IST

      Gold gains, set for best week since mid-Nov on banking crisis woes

    • 01:44 PM IST

      Oil rises on demand hopes as banking crisis fears subside

    • 01:32 PM IST

      Glenmark Pharma arm gets USFDA nod for IND application of solid tumours & lymphomas drug Phase 1/2

    • 01:26 PM IST

      Atul Jain resigns as Chief Financial Officer of Jain Irrigation

    • 01:20 PM IST

      Punjab Chemicals appoints Ashish Nayak as Chief Financial Officer

    • 01:17 PM IST

      Lloyds Metals appoints Subbarao Venkata Munnang as independent director

    • 12:53 PM IST

      Bharat Electronics board approves second interim dividend for FY23

    • 12:49 PM IST

      Lemon Tree Hotels announces 6th new property in a month, stock gains

    • 12:46 PM IST

      Lupin Digital Health unveils results of digital therapeutics study with ACS patients

    • 12:38 PM IST

      HDFC Mutual Fund picks additional 2.04% stake in Transport Corporation of India

    • 12:30 PM IST

      Jubilant Ingrevia buys 37.98% stake in associate company Mister Veg Foods

    • 12:21 PM IST

      Luke Fernandez resigns as independent director of Bajaj Healthcare

    • 12:11 PM IST

      IDBI Bank shares gain rises after DIPAM secretary clarifies IDBI divestment process

    • 12:01 PM IST

      Indices trade higher amid volatility; HCL Tech, Infosys top gainers

    • 11:54 AM IST

      HDFC to consider issue of NCDS worth Rs 57,000 crore on March 27

    • 11:52 AM IST

      Bharti Airtel launches ‘Unlimited Data’ offer to its 5G customers

    • 11:48 AM IST

      Unichem Laboratories gets USFDA nod for Ranolazine tablets

    • 11:42 AM IST

      BSE Smallcap index up 0.5 percent led by Jubilant Pharmova, HLE Glascoat, Laxmi Organic Industries

    • 11:38 AM IST

      Restaurant Brands Asia up 1% as General Atlantic eyes Everstone Capital's stake in Burger King

    • 11:33 AM IST

      Glenmark Life Sciences declares dividend of Rs 21 per share for FY23

    • 10:51 AM IST

      Procter & Gamble Health's executive director, CFO Amit Gupta resigns

    • 10:42 AM IST

      Ipca Labs' shareholding in Lyka Labs increases to 32.46% after allotment of 20 lakh equity shares

    • 10:40 AM IST

      Dr Reddy's Laboratories shares gain on selling nine brands in the dermatology segment to Eris Lifesciences

    • 10:32 AM IST

      BSE Realty index jumps 1 percent supported by DLF, Phoenix Mills, Godrej Properties

    • 10:25 AM IST

      Samvardhana Motherson board approves to acquire balance stake in Fritzmeier Motherson Cabin

    • 09:56 AM IST

      BSE Capital Goods index up 1 percent led by Hindustan Aeronautics, Bharat Electronics, Bharat Forge

    • 09:50 AM IST

      Gold poised for best week since mid-Nov on banking sector tension

    • 09:45 AM IST

      Lemon Tree Hotels signs License Agreement for a 60 rooms property in Rajasthan

    • 09:31 AM IST

      Hindustan Aeronautics shares gain order win worth Rs 32,000 crore from defence ministry

    • 09:28 AM IST

      Va Tech Wabag share price up 5% on winning order worth Rs 800 crore

    • 09:20 AM IST

      Rail Vikas Nigam emerges as L1 bidder for projects worth Rs 112 crore

    • 09:16 AM IST

      Morgan Stanley stays 'Equal-weight' on TCS, target at Rs 3,350

    • 08:59 AM IST

      US weekly jobless claims fall

    • 08:48 AM IST

      Dollar slips as banks rescue makes room for relief rally

    • 08:45 AM IST

      Defence Ministry clears proposals to buy weapons worth Rs 70,000 crore, HAL bags almost 50% of orders

    • 08:31 AM IST

      CLSA keeps outperform rating on TCS with a target of Rs 3,550

    • 08:23 AM IST

      Expect a range of 82.50 and 83 on USDINR spotAnindya Banerjee

    • 08:17 AM IST

      TCS MD & CEO Rajesh Gopinathan resigns, K Krithivasan to take over

    • 08:12 AM IST

      Bernstein maintains 'overweight' on TCS, target at Rs 3,840

    • 08:08 AM IST

      Expect Nifty to move towards 17,250-17,440: Santosh Meena

    • 08:02 AM IST

      ECB raises key interest rate by 50 bps

    • 07:49 AM IST

      Oil steadies as investors take stock of banking crisis

    • 07:41 AM IST

      Asian markets are trading firm with Taiwan Weighted up 1%, Nikkei, Hang Seng, Straits Times up 0.5% each

    • 07:37 AM IST

      Wall Street closes higher as First Republic helps lift banks

    • 07:30 AM IST

      SGX Nifty indicates a positive start for the Indian indices

  • IndexPricesChangeChange%
    Sensex57,613.72-40.14 -0.07%
    Nifty 5016,951.70-34.00 -0.20%
    Nifty Bank39,567.90136.60 +0.35%
    Nifty 50 16,951.70 -34.00 (-0.20%)
    Tue, Mar 28, 2023
    Biggest GainerPricesChangeChange%
    IndusInd Bank1,036.1523.30 +2.30%
    Biggest LoserPricesChangeChange%
    Adani Enterpris1,600.85-122.20 -7.09%
    Best SectorPricesChangeChange%
    Nifty Bank39567.90136.60 +0.35%
    Worst SectorPricesChangeChange%
    Nifty Auto11918.00-117.10 -0.97%

  • March 17, 2023 / 04:23 PM IST

    Amol Athawale, Technical Analyst (DVP), Kotak Securities

    What we are seeing is a relief rally backed by strong positive global cues as there are expectations that the US Fed may not take aggressive rate hike steps to tame inflation. Some of the concerns over the falling financial health of the US banking industry have also subsided, which further boosted the market sentiment. Falling crude oil prices and recovery in the metal space on hopes of revival in the Chinese economy is also providing some support to the struggling markets.

  • March 17, 2023 / 04:15 PM IST

    Vinod Nair, Head of Research at Geojit Financial Services

    Following the sharp rebound in the global markets, the domestic indices took a breather in hopes of relief from the global banking turmoil. Global equities reversed their selling streak on reports of a rescue package for the beleaguered First Republic Bank, along with an aid provided to Credit Suisse from the Swiss Central Bank, which would soothe concerns over the global financial stability. On the other hand, the ECB further raised its rates by 50 bps, indicating its preparedness to provide liquidity to banks upon necessity.

  • March 17, 2023 / 03:50 PM IST

    Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas

    The Nifty witnessed a volatile day of trade today. It witnessed sharp swings in both directions and ultimately closed in the green for the second consecutive day. On the way up the 40 hour moving average and the hourly upper Bollinger band placed in the range 17,150 – 17,200 acted as a strong resistance and restricted further upside and on the way down the swing low formed at 16,850 shall act as a crucial support from short term perspective.

    We expect the Nifty to consolidate between these two parameters from the next few trading sessions. we believe that the pullback rally has some more steam left and the Nifty is likely to carry on this positive momentum next week as well.

  • March 17, 2023 / 03:33 PM IST

    Rupee Close:

    Indian rupee ended 18 paise higher at 82.55 per dollar against previous close of 82.73.

  • March 17, 2023 / 03:30 PM IST

    Market Close: Benchmark indices ended higher in the volatile session on March 17 with Nifty at 17,100.

    At close, the Sensex was up 355.06 points or 0.62% at 57,989.90, and the Nifty was up 114.40 points or 0.67% at 17,100. About 2008 shares advanced, 1407 shares declined, and 118 shares unchanged.

    HCL Technologies, Hindalco Industries, UPL, UltraTech Cement and Nestle India were among the biggest gainers on the Nifty, while losers were Eicher Motors, NTPC, Maruti Suzuki, ITC and Asian Paints.

    Barring auto and FMCG, all other sectoral indices ended in the green.

    The BSE midcap was up 0.3 percent and smallcap index added 0.7 percent.

  • March 17, 2023 / 03:30 PM IST

    Nomura View On Info Edge India

    -Buy rating, target at Rs 4,940 per share
    -Hiring slowdown in tech sector continues on Naukri business
    -Focussed on mid-market on 99acres business
    -Happy with early trends of business model change of Jeevansathi
    -Continue to hold Zomato and PolicyBazaar as financial investments

    Info Edge India was quoting at Rs 3,495.65, up Rs 69.80, or 2.04 percent.

  • March 17, 2023 / 03:21 PM IST

    Morgan Stanley View On DLF

    -Overweight rating, target at Rs 417 per share
    -Company achieved USD 1 billion in sales from a single project at launch
    -This indicates strong pent-up demand in system & strength of DLF's land bank

    DLF was quoting at Rs 375, up Rs 15, or 4.17 percent.

  • March 17, 2023 / 03:18 PM IST

    NCLT approves merger of HDFC & HDFC Bank

  • March 17, 2023 / 03:17 PM IST

    Jefferies View On NTPC

    -Buy rating, target at Rs 195 per share
    -Reports suggest Malaysia's Petronas could offer USD 460 million for 20 percentstake in NTPC's RE arm
    -NTPC commissioned approximately 2.9 GW RE capacity & had 4.7 GW under construction in Q3
    -RE capacity is approximately 6 percentof FY24 estimates overall capacity estimates
    -Speculated deal implies Rs 12.5 per share for NTPC shareholders after 20 percentholdco discount

    NTPC was quoting at Rs 177.30, down Rs 2.30, or 1.28 percent.

  • March 17, 2023 / 03:10 PM IST

    Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities

    Global equity markets reacted to the crisis in US and European banks. Indian markets were under pressure from these global developments. Accordingly, key domestic benchmark indices Nifty-50 and Sensex-30 were down during the week. Broader indices including BSE Midcap, BSE Small-cap and majority of the sectoral indices too posted negative returns in this week.

    On the economy front, India’s February 2023 CPI inflation moderated to 6.44% and trade deficit remained in check with marginal increases (over January 2023) in exports and imports. Crude oil prices corrected sharply this week amid the recent banking crisis.

    The yield on the 10-year US Treasury was lower as compared with last week. Meanwhile, the European Central Bank raised interest rates by 50 bps and continued with its policy tightening measures. Market participants will keenly watch-out for next week’s Federal Reserve policy decision.

  • March 17, 2023 / 03:06 PM IST

    BPCL appointed G Krishnakumar as CMD of the company, reported CNBC-TV18.

  • March 17, 2023 / 03:03 PM IST

    Market at 3 PM

    Benchmark indices were trading firm in the final hour of the trading session with Nifty around 17,050.

    The Sensex was up 296.27 points or 0.51% at 57,931.11, and the Nifty was up 97.20 points or 0.57% at 17,082.80. About 1886 shares advanced, 1381 shares declined, and 90 shares unchanged.


 Benchmark indices were trading firm in the final hour of the trading session with Nifty around 17,050. 

 The Sensex was up 296.27 points or 0.51% at 57,931.11, and the Nifty was up 97.20 points or 0.57% at 17,082.80. About 1886 shares advanced, 1381 shares declined, and 90 shares unchanged.