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Mar 14, 2023 3:56 PM
Stock Market Update | Goldilocks Premium Research's Gautam Shah on markets
"I think this is going to be a trending market, it's not going to be a boring market anymore. You will see pullbacks from time to time, no doubt about it, because the market will try to confuse, there are just too many things happening in the world at this point of time. But the trajectory will stay down and I think below 16 800 there are just no numbers till about 16,000. So for now, let's just prepare for that number and then we take it one step at a time," says Gautam Shah, Founder & Chief Strategist, Goldilocks Premium Research.
Mar 14, 2023 3:54 PM
Share Market Update | Not looking at companies which have an export focus: Aman Chowhan
“In the near term we are not looking at companies which have an export focus because we are also uncertain as to how the European and US economies are going to shape up. Clearly there is a slowdown there. So we are more focused on domestic inward looking companies. We are also positive on sectors which will benefit from the lower commodity prices for example the cement sector will benefit from lower coal prices or some of the consumer names which can benefit from lower palm oil prices, lower agri-product prices. So these are some of the sectors that we are focusing on. Banking is something that is clearly inward focused, domestic growth led sector and that is something which we continue to be positive on,” says Aman Chowhan, Abakkus Asset Management.
Mar 14, 2023 3:44 PM
Rupee Close | Rupee ends lower at 82.49 vs the US dollar
Mar 14, 2023 3:37 PM
Market at Close | Sensex and Nifty 50 end lower for fourth session led by financial and IT shares
BSE companies erase market cap of Rs 2.10 lakh crore today and Rs 6.50 lakh crore in two days
Market cap of BSE companies now at lowest level since July 2022
Nifty closes near 17,050 after breaching 17,000 intra-day
Nifty Bank closes in the red but relatively outperforms amid volatility
Sensex falls 338 points to 57,900 and Nifty 111 points to 17,043
TCS, Infosys, Kotak Bank, ITC drag Nifty while ICICI and Bharti support
Five Nifty stocks (RIL, Divi’s, Cipla, HDFC Life, Tata Cons) hit 52-week lows
Adani group stocks see selling pressure, stocks down up to seven percent
Ambuja slips four percent and ACC two percent following ‘ownership’ reports
IT stocks like Coforge, Mphasis and Persistent fall on US banks’ exposure
Bandhan Bank as per reports, plans insurance foray, stock at 52-week low
PVR, Zee, USL, M&M Finance, Petronet, NCC gain in a weak session
Market breadth favours declines, advance-decline ratio at 2:5
Mar 14, 2023 3:33 PM
Nifty 50 Update | HDFC Life at 52-week low
The shares of the insurance company slipped two percent to hit 52-week low of Rs 469.5, falling for the fourth session in a row.
Mar 14, 2023 3:22 PM
Stock Market Update | HCC rise 4% on order win
The shares of Hindustan Construction Company in a joint venture with Megha Engineering & Infrastructures Ltd (MEIL) bags order worth Rs 3,681 crore from National High-Speed Rail Corporation Limited (NHSRCL).
Mar 14, 2023 3:12 PM
Share Market Updates | Kotak Securities' Shrikant Chouhan on PSU banks
"PSU banks already fallen from their highs, PSU bank index was somewhere close to 4,500 levels, from there all the way it has fallen to the levels of 3,600. So I think the correction is there. We may see some more correction, maybe we may see the levels of 3,400 on the downside, which is hardly 4-5 percent from current levels, but there Nifty PSU Bank has very good support levels and from there, we can expect recovery," says Shrikant Chouhan, EVP, Kotak Securities.
Mar 14, 2023 2:53 PM
Adani Group Update | All group stocks trading in the red
The group's flagship company Adani Enterprises is down 9.3 percent.
Here's how the other group stocks are faring:
| Stock | Change |
| Adani Ports | -5% |
| Adani Green | -3.9% |
| Adani Power | -5% |
| Adani Total Gas | -5% |
| Adani Transmission | -5% |
| Adani Wilmar | -4.8% |
| ACC | -2.4% |
| Ambuja | -5.4% |
| NDTV | -5% |
Mar 14, 2023 2:43 PM
Stock Market Update | Mphasis falls to 52-week low
The shares of the midcap company fell over three percent in Tuesday's session to hit a 52-week low of Rs 1,886.35. The shares are down for fourth session in a row.
Mar 14, 2023 2:33 PM
Share Market Update | How does the SVB collapse pose challenges for Midcap IT names like Coforge, Mphasis
Coforge is down for fifth straight day, Mphasis in the red for fourth session in a row. (Read more)
Mar 14, 2023 2:17 PM
Nifty 50 Update | Index briefly breaches 17,000 mark for the first time since October 13
The Nifty 50 index is currently trading 0.8 percent or 143.1 points lower at 17,011.2. Adani Enterprises, Adani Ports and HCL Tech, down 2.7 to 8.3 pecent, are the top losers. 43 of the 50 index constituents are trading with losses. Titan, IndusInd and BPCL, up 0.7 to 0.9 percent, are the top index gainers.
Mar 14, 2023 2:03 PM
Nifty 50 Update | Top Contributors To The Losses
- Majority of the losses coming from IT, Banks
- Infosys contributing 17.2 points to the index downside
- TCS contributing 13.7 points to the downside
- ITC contributing 10.6 points to the downside
- Adani Enterprises contributing 10.2 points to the downside
- Kotak Mahindra Bank contributing 9.2 points to the downside
Mar 14, 2023 1:58 PM
Nifty 50 Update | Index Breaks Below 17,000
- Nifty 50 below 17,000 for the first time since October last year
- Makes new intraday low of 16,998
- Down over 700 points in the last four trading sessions
- 43 out of the 50 constituents trade with losses
Mar 14, 2023 1:57 PM
Stock Market Update | Carnelian Capital Advisors' Vikas Khemani on banks
"Banks remains in a very solid position, credit growth is growing, last four or five quarters earnings growth is very well placed, current interest rate environment only helps them. So I think they are well placed and they would lead the recovery also once the dust settles down when it settles down, they will be the ones which will be leading the recovery in the markets," says Vikas Khemani, Founder, Carnelian Capital Advisors.
Mar 14, 2023 1:24 PM
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