Stock Market Highlights: Sensex, Nifty 50 end at day's low, Nifty Bank slides below 200-DMA

Stock Market Highlights: Sensex, Nifty 50 end at day's low, Nifty Bank slides below 200-DMA
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Share Market Highlights: Indian equity benchmarks BSE Sensex and NSE Nifty 50 ended lower on Thursday following a choppy session. Financial, oil and gas shares led the headline indices lower. The US Fed on Wednesday hiked policy rate by 25 basis points amid bank turmoil.

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Mar 23, 2023 4:05 PM

Share Market Update | Master Capital Services' Arvinder Singh Nanda's  view on market  

"The Indian equity market was expecting (Fed's) quarter of a percentage point interest rate hike. The Indian market had already discounted the rate hike itself in a recent sell-off. Rising interest rates make it expensive for people to borrow and spend. The US dollar is expected to find selling pressure as foreign institutional investors (FIIs) have started pulling out of Indian equity markets. IT, Banking and export-oriented Auto stocks are expected to become highly volatile. One should opt to buy on a dips strategy. Nifty is edging close to 17,200, and we believe there will be some volatility in the near term. Near-term trends will likely be soft owing to higher interest rates, tight liquidity, weakening rupee, pent-up demand in FY23-24, and slowing global growth," says Arvinder Singh Nanda, Senior Vice President, Master Capital Services Ltd.

Mar 23, 2023 4:03 PM

Market at Close | Sensex and Nifty closes at day’s low

Financials See A Sharp Fall In The Last Hour, Nifty Bank Down Below 200-DMA

Sensex Falls 289 Points To 57,925 & Nifty 75 Points To 17,077

Nifty Bank Slips 382 Points To 39,617 & Midcap Index 124 Points To 29,917

Reliance, HDFC Bank, Infosys & ICICI Drag Nifty While ITC & Maruti Support

All Nifty Bank Constituents Close Lower With HDFC Bank & ICICI Being Top Losers

Vedanta Falls Over 5% On Stake Sale Reports, Company Though Denies It

HAL Slip 5% On OFS For 3.5% Stake, Non-retail Portion Fully Subscribed

Asian Paints & Berger Slip 1-3% As A Brokerage Raises Competition Concern

IT Stocks Under Pressure As Fed Raise Rates By 25 bps, Nifty IT Falls 1%

Autos Move Higher On Price Hike Announcements, Maruti, TaMo Up 1% Each

Metals Stocks Largely Close With Gains As Dollar Index Slips To A 2-mth Low

Market Breadth Favours Declines, Advance-Decline Ratio At 1:2

BSE Companies Erase Market Cap Of `90,000 Cr Today

Mar 23, 2023 3:36 PM

Rupee Close | Rupee ends higher at 82.26 vs the US dollar

Mar 23, 2023 3:33 PM
Share Market News| HAL non-retail portion of OFS fully subscribed

Indicative price at RS 2,456.39/share

Mar 23, 2023 3:19 PM

Stock Market News | Tata Group said to mull injecting $2 billion into Tata Digital: Bloomberg

Mar 23, 2023 2:59 PM

Share Market News | RPP Infra bags new orders worth Rs 171 crore

Mar 23, 2023 2:50 PM

Market Update | Sensex down 150 points and Nifty near 17,100

At this hour, the Sensex is down 154.6 points or 0.3 percent at 58,060 and the Nifty at 17,109.05, down 42.9 points or 0.25 percent from its previous close.

Mar 23, 2023 2:31 PM

Stock Market News | Tilaknagar Industries makes part-payment of debt to EARC, outstanding loans down to Rs 201 crore

The owner of popular Mansion House Brandy, in February 2020 had entered into a long-term agreement with EARC with respect to the restructuring of the total loans of Rs 523.32 crore owed to some of the lender banks. (Read more)

Mar 23, 2023 2:21 PM

Share Market News | IGL Board declares second interim dividend of Rs 10/share for FY23

Mar 23, 2023 2:04 PM

Share Market Update | Top Stocks To Buy/Sell

Here are two recommendations by Dharmesh Shah of ICICI Direct:
Buy Thermax for a target of Rs 2,490 with a stop loss at Rs 2,080 
Buy United Spirits Ltd for a target of Rs 848 with a stop loss at Rs 712 

Mar 23, 2023 1:57 PM

Global Market Cues | US Fed likely to hike lending rate by 25 bps again before pressing the pause button

The Fed's actions have far-reaching effects, not just in the United States, but globally. As one of the world's most influential central banks, the Fed's decisions can impact the global economy. Therefore, it is crucial that they make the right decisions and maintain a balance between fighting inflation and ensuring stability. (Read more)

Mar 23, 2023 1:55 PM

Market Update | Sensex up nearly 30 points and Nifty above 17,150

At this hour, the Sensex is up 32.7 points or 0.1 percent at 58,247.3 and the Nifty at 17,162.3, up 10.4 points or 0.1 percent from its previous close.

Mar 23, 2023 1:53 PM

Stock Market News | Metro Brands to demerge FILA business from Cravatex Brands and merge into company

Cravatex Brands is a wholly owned subsidiary of Metro Brands. 

Mar 23, 2023 1:33 PM

Fiscal wrap | Banking sector saw an exceptional loan growth

Incremental loan growth on the non-food credit side for FY23 till now has been Rs 14.6 lakh crore. In FY23 monthly credit demand up to January 23 has been at Rs 1.46 lakh crore which is much higher than the previous best, which was recorded in FY20 of about Rs 1.4 lakh crore and it is one of the best in many years. (Read more)

Mar 23, 2023 1:27 PM