Stock Market Highlights: Sensex, Nifty 50 end in the red dragged by financials

Stock Market Highlights: Sensex, Nifty 50 end in the red dragged by financials
1 Min(s) Read

Share Market Highlights: Indian equity benchmarks BSE Sensex and NSE Nifty 50 ended lower on Friday, ending in the red for second session in a row. Nifty 50 ended the range bound session off lows. Market erased last week's gains, with the Sensex and Nifty down more than one percent each, while Nifty Bank ended nearly two percent lower. Financial, oil gas led the headline indices lower. Power and FMCG shares ended in the green.

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Mar 10, 2023 3:56 PM

Rupee Close | Rupee ends lower at 82.04 vs USD

Mar 10, 2023 3:41 PM

Stock Market Update | Geojit's Vinod Nair on market  

"The global market's cautious attitude towards the probability of a sharper rate hike was exacerbated by further negative signs from the US market. Selling intensified as the market awaited the release of US unemployment and non-farm payroll data, which will have a significant impact on the upcoming Fed meeting. However, higher-than-expected jobless claims in the US that came in yesterday helped alleviate some concerns about the Fed becoming stricter," says Vinod Nair, Head of Research at Geojit Financial Services.

Mar 10, 2023 3:37 PM

Market at Close | Sensex and Nifty 50 close in the red dragged by financials 

Banks see major cuts as investors turn cautious after SB's 60 percent fall

Sensex falls 671 points to 59,135 and Nifty 50 177 points to 17,413

Nifty Bank slides 771 points to 40,485 and Midcap index 231 points to 30,717

BSE companies erase market cap of nearly Rs 2 lakh crore for second straight day

HDFCs, ICICI Bank and Reliance drag Nifty the most

Tata Motors is top Nifty gainer in a weak session as Tata Tech filed for IPO

Power stocks continue their gaining streak, NTPC and powergrid amongst top gainers

HUL rises from lows to close higher on new MD and CEO appointment

Adani stocks see a mixed close, five stocks are in the red and five in the green

Delta Corp and Nazara slip as Tamil Nadu government re-introduces online gambling bill

Shree Cement, Dixon, Gail, Balkrishna, NBCC are top Midcap gainers

Polycab, Indiamart, Canara Bank, Intellect are top midcap losers

Market breadth favours declines, advance-decline ratio at 1:2

Mar 10, 2023 3:35 PM

Adani Group Update | Most group stocks headed for a positive close

The shares of the group's flagship Adani Enterprises are down three percent.  

Here's how the other Adani group stocks are faring: 

Stock  Change
Adani Ports  0.2%
Adani Green  5%
Adani Power  4.98%
Adani Total Gas  5%
Adani Transmission  5%
Adani Wilmar -4.41%
ACC -0.58%
Ambuja -1.56%
NDTV -5.0%
Mar 10, 2023 3:20 PM

Eicher Motors did not participate in EV tenders it found conditions 'draconian'

In an interview with TV18, Vinod Aggarwal, MD and CEO-VECV at Eicher Motors, said that VECV intends to focus on growing in the private sector EV market, rather than participating in tenders that have unfavourable conditions. (Read more)

Mar 10, 2023 3:06 PM

Nifty Update | Nifty Bank falls 900 points

The Nifty Bank index is trading 900 points or 2.2 percent lower at 40,355.1. Bank of Baroda, HDFC Bank and IndusInd Bank, down 2.6 to 3.1 percent, are the top index losers. All the 12 constituent stocks are trading with losses. 

Mar 10, 2023 2:58 PM

Share Market Update | Top Stocks To Buy/Sell

Here are two recommendations by Dharmesh Shah of ICICI Direct:
Buy Hindustan Aeronautics Ltd (HAL) for a target of Rs 3,240 with a stop loss at Rs 2,580 
Buy Tata Power for a target of Rs 224 with a stop loss at Rs 198 

Mar 10, 2023 2:44 PM

Nifty 50 Update | Adani Enterprises is the top index loser

The shares of the Adani group flagship company are down almost three percent. The stock is down for second session in a row.

Mar 10, 2023 2:40 PM

Nifty 50 Update | Top Contributors To Downside At 2:30 PM

- Index trading lower by over 200 points
- HDFC Bank contributing 45.4 points to the downside
- Reliance Industries contributing 31.4 points to the downside
- HDFC contributing 27.1 points to the downside
- ICICI Bank contributing 21.3 points to the downside
- State Bank of India contributing 11.9 points to the downside

Mar 10, 2023 2:25 PM

BSE Sensex Update | Sensex falls for second straight session

The index extended losses from the previous session on Friday. At this hour, the 30-share index is trading 732 points or 1.2 percent lower. On Thursday, the index ended 542 points lower at 59,806. 

Mar 10, 2023 1:35 PM

BSE Sensex Today | Index recovers 200 points from lows
Sensex is trading 699 points or 1.2 percent lower at this hour, extending losses from the previous session. The two-day drop follows three-days of gains. 25 out of the 30 Sensex are trading with losses. Powergrid, NTPC, Tata Motors, ITC and HUL, that are up 0.1 to 0.8 percent, are the only index gainers.

Mar 10, 2023 1:23 PM

Share Market Update | Top Stocks To Sell/Buy 

Here are two recommendations by Prakash Gaba, Technical Analyst:
Sell Canara Bank for a target of Rs 290 with a stop loss at Rs 300 
Sell State Bank of India (SBI) for a target of Rs 540 with a stop loss at Rs 552 

Mar 10, 2023 1:05 PM

Asian markets, including India, don't need to worry about rising rates as much: Dan Fineman

Dan Fineman's comments provide valuable insights into the current economic climate and the impact of interest rates. While Asia may be less vulnerable to higher rates, the global economy will still feel the effects. Investors should remain cautious and consider diversifying their portfolios to include emerging markets, which may offer better opportunities in the current climate. (Read more)

Mar 10, 2023 1:01 PM

India's largest life insurance company has lost 4% market share in the last three months

From losing market share to LIC in the first half of the year, private life insurance companies have made a comeback. (Read more)

Mar 10, 2023 12:44 PM