homemarket NewsStock Market Highlights: Sensex, Nifty 50 end higher led by HDFC Twins, IT stocks, but post weekly loss

Stock Market Highlights: Sensex, Nifty 50 end higher led by HDFC Twins, IT stocks, but post weekly loss

Stock Market Highlights: Sensex, Nifty 50 end higher led by HDFC Twins, IT stocks, but post weekly loss
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Summary

Share Market Highlights: The Indian stock market showed resilience today, rising for the second consecutive day despite a volatile session. The Sensex gained 355 points to close at 57,990, while the Nifty rose by 114 points to close at 17,100 led by the HDFC Twins.

Live Updates

Thank you, readers! That's all from CNBCTV18.com's live market coverage on March 17, 2022. Stay tuned for other updates on our website: CNBCTV18.com.

Mar 17, 2023 4:56 PM

Market At Close | Sensex, Nifty 50 End Higher

Market Rises For 2nd Straight Day Amid Volatility, Financials Top Gainers

Sensex Rises 355 Points To 57,990 & Nifty 114 Points To 17,100

Nifty Bank Gains 466 Points To 39,598 & Midcap Index 95 Points To 30,092

HDFC & HDFC Bank Surge On NCLT Nod For The Merger, Stocks Up 2% Each

8 Of 9 Adani Grp Stocks Close Higher, Group Cos Gain Mkt Cap Of `17,000 Cr

China Cutting RRR By 25 bps Lifts Metal Pack, Nifty Metal Gains 2%

TCS Closes With Minor Cuts As Rajesh Gopinathan Resigns As MD & CEO

Cyient & LTIMIndtree Gain 2% Each Following An Upgrade From Morgan Stanley

Biocon Closes With Sharp Cuts Floowing Block Deals Worth `600 Cr

Autos Remain Under Pressure On Subdued Demand, Eicher & Maruti Top Losers

Realty Stocks Move Higher On Rising Demand For Luxurious Projs, DLF Up 4%

M&M Fin, Petronet LNG, India Cements, Dr Lal Are Top Midcap Losers

Defence Names Like HAL & Bharat Forge Rise On Govt Nod For `70,000 Cr Proposals

Market Breadth Turns In Favour Of Advances, Advance-Decline Ratio At 3:2

BSE Cos Gain Market Cap For 2nd Straight Day, Up `1.70 Lakh Cr Today

Mar 17, 2023 4:55 PM

Nifty 50 Update | NCLT Approves Merger Of HDFC & HDFC Bank

- HDFC Twins get approval from National Company Law Tribunal for merger
- In November last year, HDFC Bank had mentioned that the merger process will take another 8-10 months to complete
- Shares of HDFC are off the day's low, trading 1.5 percent higher
- HDFC Bank shares are also off the day's low, trading 1.5 percent higher

Mar 17, 2023 3:19 PM

Share Market Update | Declines Resume For Avenue Supermarts

- Shares trading 1.6 percent lower at Rs 3,326.90
- Stock has declined in five out of the last six trading sessions
- The stock has declined 18.3 percent so far this year
- Shares are 4 percent away from a 52-week low

Mar 17, 2023 3:01 PM

Share Market Update | Natco Pharma Gains After Six-Day Drop

- Shares of the drugmaker are trading 2.7 percent higher at Rs 538
- The stock has gained for the first time after a six-day drop
- Declined 8 percent over the last six trading sessions
- Shares have declined 35 percent over the last 12 months

Mar 17, 2023 2:50 PM

Nifty 50 Update | GAIL signs MoU With Shell Energy India

- MoU to explore opportunities for infrastructure development for ethane sourcing
- For GAIL, this is a step towards achieving improved sustenance in business operations
- GAIL looking to import ethane to diversify feedstock for petrochemical plant
- MoU envisages to explore prospects in import and handling of different hydrocarbons which are important chemical and perochemical precursors, LNG for road transport etc.
- Shares of GAIL are trading 1.5 percent higher at Rs 111.15

Mar 17, 2023 2:43 PM

Share Market Update | Block Deal In Nykaa

- 65.7 lakh shares or 0.23 percent of the total equity exchanged hands in a block deal
- Transaction said to be valued at Rs 93.2 crore
- Shares exchanged hands at a price of Rs 141.90 per share
- Buyers and sellers in the deal are unclear so far
- Shares trading 2.6 percent higher at Rs 141.65
- Stock is up for the second straight day

Mar 17, 2023 2:14 PM

Share Market Update | Hemen Kapadia Recommends These Stocks To Traders

- Buy ICICI Lombard for target of Rs 1,100 with a stop loss of Rs 1,055
- Buy Aarti Industries for target of Rs 548 and stop loss of Rs 518

Mar 17, 2023 2:01 PM

Share Market News | Sheela Foam at 52-week Low

- Makes 52-week low of Rs 1,092.15
- Stock trading lower for the sixth day in a row
- Stock is down 5 percent over the last six sessions
- Shares are down 15 percent year-to-date
- Stock has nearly halved from 52-week high of Rs 2,027

Mar 17, 2023 1:24 PM

Stock Market News | Prakash Gaba Recommends These Two IT Stocks

- Buy HCLTech with a stop loss of Rs 1,100 and price target of Rs 1,140
- Buy Coforge with a stop loss of Rs 3,880 and price target of Rs 4,000

Mar 17, 2023 1:14 PM

Nifty 50 Update | How Are Adani Group Stocks Faring Today

- Adani Enterprises is off the day's high, currently trading 0.3 percent higher at Rs 1,849.55
- Adani Ports is trading with losses of 1.1 percent, also off the day's high
- Adani Power has given up all of its gains to trade little changed at Rs 199
- Adani Green Energy is locked in an upper circuit of 5 percent
- Adani Transmission is trading with gains of 4.3 percent
- Adani Wilmar has given up gains and is trading 1 percent higher
- ACC is trading with losses of 0.75 percent
- Ambuja Cements is trading 1.1 percent lower in today's session

Mar 17, 2023 1:00 PM

Nifty 50 Update | JPMorgan Estimates Indian IT Exposure To US Regional Banks

- JPMorgan estimates that among Indian IT companies, US regional bank exposure is highest in TCS and Infosys
- JPMorgan estimates that US regional Bank exposure at TCS & Infosys is likely to be less than 2-3 percent of revenue

Source: Reuters

- Shares of Infosys trade 2 percent higher at Rs 1,431.40
- Shares of TCS are off the day's low, currently trading 0.2 percent lower at Rs 3,179.30

Mar 17, 2023 12:44 PM

Nifty 50 Update | How Are Adani Group Stocks Faring Today

- Adani Enterprises is off the day's high, currently trading 0.3 percent higher at Rs 1,849.55
- Adani Ports is trading with losses of 1.1 percent, also off the day's high
- Adani Power has given up all of its gains to trade little changed at Rs 199
- Adani Green Energy is locked in an upper circuit of 5 percent
- Adani Transmission is trading with gains of 4.3 percent
- Adani Wilmar has given up gains and is trading 1 percent higher
- ACC is trading with losses of 0.75 percent
- Ambuja Cements is trading 1.1 percent lower in today's session

Mar 17, 2023 12:32 PM

Share Market Live | Jubilant Pharmova Gains Most In Two Years

- Stock trading with gains of 10 percent
- Shares are trading with volumes that are 12.7x higher than their daily average
- Stock is gaining after declining for six straight sessions
- Shares had corrected 12 percent over the last six sessions
- Canadian subsidiary gets approval for CAD 23.8 million loan

Read More Here

Mar 17, 2023 12:23 PM

Nifty 50 Update | Bharti Airtel's New Launch

- Launches introductory unlimited data offer for its 5G customers
- Removes all the capping on data usage across all existing 5G plans
- Shares are off the day's low, currently down 0.2 percent at Rs 744.80

Mar 17, 2023 12:14 PM
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