Summary
Thank you, readers! That's all from CNBCTV18.com's live market coverage on March 21, 2023. Stay tuned for other updates on our website: CNBCTV18.com. You can follow us on Twitter: @CNBCTV18Live @CNBCTV18News
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Stock Market Highlights | Top Contributors To Nifty 50's Gains
- Reliance Industries snapped an eight-day losing streak to end among top Nifty 50 gainers
- The stock contributed 52 points to the Nifty 50 upside
- ICICI Bank was the second-highest contributor with 26 points
- Contribution of nearly 30 points came from the HDFC Twins, with HDFC Bank contributing 18.5 points, and HDFC contributing 11.2 points
- Axis Bank and Bajaj Finance also contributed 11 and 10 points respectively to the upside
Stock Market Update | Sensex, Nifty End Higher As Heavyweights Finally Deliver
- Market Sees Relief Rally Led By Financials, Most Nifty Bank Constituents Higher
- Sensex Rises 446 Points To 58,075 & Nifty 50 119 Points To 17,108
- Nifty Bank Gains 533 Points To 39,895 & Midcap Index 176 Points To 29,958
- Reliance Ind Snaps 8-day Losing Streak, Is Top Nifty Contributor With 52 Points
- Major Private Banks (ICICI, Axis, HDFC Bank) See Healthy Gains, Up 1-2 percent
- 8 Of 10 Adani Group Stocks End Higher With 3 Stocks Closing At Upper Circuit
- Insurance Stocks See Buying With Max Fin, HDFC Life & ICICI Pru Gaining 2-3 percent
- IT Stocks Slip On Growth outlook Concerns, Nifty IT Is Top Losing Index, Down 1 percent
- HDFC AMC Surges 5 percent Following A Clean-out Trade Of GQG Via Block Deals
- Crompton Cons, IndiaMART, ABB, Zee Ent, Alembic Pharma Top Midcap Gainers
- GMR, L&T Tech, Metropolis, Torrent Power & Mphasis Are Top Midcap Losers
- Market Breadth Favours Advances With Advance-Decline Ratio At 3:2
- BSE Companies Gain Market Cap Of Nearly `1.50 Lakh Crore Today
Share Market Live Update | PSU Bank Index top sectoral gainer
- Trading with gains of 1.7 percent
- Index has gained in three out of the last four trading sessions
- All 12 index constituents are trading with gains
- Bank of Baroda, Indian Bank, UCO Bank are up 2.7 percent each
- Union Bank, Punjab and Sind Bank and Canara Bank are also trading with gains of over 2 percent
- SBI is underperforming the index and peers, trading with gains of 0.5 percent
Nifty 50 Update | Hindustan Unilever Top Index Loser
- Hindustan Unilever trading with losses of nearly 2 percent at Rs 2,464
- Has oscillated between gains and losses over the last five sessions
- Contributing 10.2 points to the index downside
- Has declined nearly 4 percent this year
- Stock has risen 20 percent over the last 12 months
Nifty 50 Update | Bajaj Auto Leading The Recovery On Auto Index
- Among top gainers on the Nifty 50 index
- Trading with gains of 2.8 percent at Rs 3,911
- Top gainer on the Nifty Auto index
- Gained in three out of the last four trading sessions
- Shares have gained 9.5 percent so far this year
- The stock is 5.5 percent away from its 52-week high of Rs 4,131
Stock Market Update | Jai Bala's Market Outlook
- Nifty 50 Supports: 16,430, 16,200, 15,900
- Nifty 50 Resistance: 17,305 and 17,422
- Weakness creeping in to both public and private banks
- Expect banks to be a key contributor to the downside
- Nifty Auto possibly headed towards 10,680, has broken a seven-month range to the downside
- Outperformance of Midcap IT names is likely to have ended
- Nifty IT below 27,900 opens possibilities of breaking the July low and a possible downside towards 21,000 in the medium-term
- Bearish on banks, financials, and auto on rise
Stock Market Update | GAIL Among Top Midcap Losers
- Stock trading with losses of over 4 percent
- Biggest single-day drop for the stock in two months
- Down for the second straight day on Tuesday
- Shares are up 9 percent so far this year
- Recent 52-week high of Rs 115 and 52-week low of Rs 83
Stock Market Update | Granules Consumer Health Concludes USFDA Audit
- Granules Consumer Health Inc., a step down subsidiary of Granules India and a wholly-owned subsidiary of Granules USA Inc., has completed an audit by the USFDA with zero observations.
- Inspection conducted between March 15-20, 2023
- GCH is a leading private-label OTC provider and its packaging facility will enable it to service leading retailers
- Packaging facility in Manassas is spread over 79,000 square feet
- Shares of Granules India are trading 2 percent higher at Rs 287.40
Stock Market Update | Top Technical Picks From Shrikant Chouhan of Kotak Securities
- Buy SRF with a stop loss of Rs 2,300 and price target of Rs 2,440 - Rs 2,450
- Buy Petronet LNG with a stop loss of Rs 225 and price target of Rs 250
Final 90 Minutes of Trade | Prashant Nair's Take On The Market
- Very volatile day so far as the Nifty does several 40-60 point round trips within a 100 point intraday range.
- Oil & gas stocks do best, with heavyweight Reliance Industries up nearly 3%
- In terms of big cues ahead – it will be the Fed decision tomorrow evening. Fed officials face one of their toughest calls: whether to raise interest rates again to fight high inflation or take a timeout amid the most intense banking crisis since 2008
- Wall Street is mixed in its views while fed fund futures point to the most likely outcome a 25-bps hike.
Nifty 50 Update | Infosys Continues To Grind Lower
- Among top losers on the Nifty 50 index
- Trading 0.7 percent lower at Rs 1,393.25
- Has declined in nine out of the last 10 trading sessions, in-line with the Nifty IT index
- Shares have declined 7.5 percent over the last 10 sessions
- The stock is 2.7 percent away from its 52-week low of Rs 1,355
Stock Market Update | Dwarikesh Sugar Shares Gain
- Stock trading with gains of 1.2 percent at Rs 85.10
- Shares are gaining after a two-day drop
- Stock is off the day's high but holding on to gains
- Shares have declined nearly 20 percent so far this year
Stock Market Update | NMDC Hikes Prices
- Increases prices of Lump Ore to Rs 4,500 per tonne from Rs 4,400 per tonne in February
- Prices of fines have been hiked by Rs 200 per tonne to Rs 4,110
- Prices exclude royalty, district mineral fund, national mineral exploration trust (DMET), cess, forest permit fee and other taxes
- NMDC's February sales had declined 4.8 percent to 3.78 MT Vs 3.97 MT, during the same time previous year.
- Shares of NMDC are trading 1.2 percent lower at Rs 111.35
Stock Market Update | Two Sell Recommendations From Sacchitanand Uttekar of Tradebulls
- Sell JSW Steel with a stop loss of Rs 672 and price target of Rs 640 - Rs 650
- Sell Voltas with a stop loss of Rs 858 and a price target of Rs 820