Thank you, readers! That's all from CNBCTV18.com's live market coverage on March 3, 2023. Stay tuned for other updates on our website: CNBCTV18.com.

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Mar 3, 2023 4:03 PM

Stock Market Update | Raunak Onkar PPFAS Mutual Fund on stocks and sectors

"What we have been adding in the portfolio are private sector banks and some of the IT names where we already have our positions. We have been adding incrementally to them. But to create a new position in stock like that in those sectors, it's very hard because the valuations have been stretched for a while. So it remains to be seen the way the valuation normalised, but at the same time, we are finding the existing ideas very compelling. The new ideas in FMCG, for example, we only like ITC which we still hold in the portfolio. But then ideas like HUL, other good quality FMCG names have been out of reach because of valuations. So we track a lot of companies, but we are very selective when it comes to paying the right price," says Raunak Onkar, Co-Eq Fund Manager & Hd-Research, PPFAS Mutual Fund.

Mar 3, 2023 4:03 PM

Share Market Update | Motilal Oswal's Siddhartha Khemka on market

"Indian equities cheered the dovish commentary from one of the US Fed officials along with robust domestic services PMI data. Service PMI improved to 59.4 - its 12 years high, in February on the back of strong demand as price pressures eased further. Nifty opened gap up and witnessed consistent strength throughout the day to close with gains of 272 points (+1.6 percent) at 17594 levels. All sectors ended in green with continued momentum seen in Banking, Metals and Realty. Nifty is finding some support after declining almost nine percent from its peak. While Domestic macro data continues to remain strong, global uncertainty regarding the next US Fed action have kept the markets volatile," says Siddhartha Khemka of Motilal Oswal.

Mar 3, 2023 4:01 PM

Market at Close | Sensex and Nifty post biggest single-day gain of 2023 supported by Adani Group stocks, PSU Banks

Sensex and Nifty 50 rise more than 1.5 percent each, biggest single-day gain since Nov 11, 2022

BSE companies gain market cap after 10 sessions, adds more than Rs 3 lakh crore today

GQG stake buy lifts Adani group stocks, rises in the range of 5-16 percent

Adani group stocks add market cap of Rs 68,430 crore, biggest single-day gain in seven months

Financials too see a relief rally on Adani boost, SBI, BoB, PNB top gainers

Shree Cement is top midcap loser on a brokerage downgrade, slips four percent

Tech Mahindra falls over two percent following management commentary in analyst meet

Cipla continues downward move after Indore observations, down nine percent this week

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

Rupee mirrors stock market move, ends at a one-month high of 81.97 vs dollar

Mar 3, 2023 3:41 PM

Rupee Check | Rupee ends below 82-mark vs the dollar

Mar 3, 2023 3:38 PM

Supreme Court puts on hold order quashing write-off of bonds: Yes Bank AT-1 Bond Case

Mar 3, 2023 3:29 PM

Adani Group Update | Adani Group stocks extend gains

Market cap rises by Rs 71,000 crore, biggest gain since July 11, 2022

Mar 3, 2023 3:05 PM

Adani Group Update | Adani Group's stock market concerns may have ebbed, but its bonds suggest otherwise

The Adani Group will hold fixed-income road shows this month in London, Dubai, and several cities in the United States, according to a document seen by Reuters. (Read More)

Mar 3, 2023 2:59 PM

Share Market Update | MOIL shares rise after production grows 10% in February

MOIL Ltd. has set a target of doubling its production to three million tonnes by 2030. (Read more)

Mar 3, 2023 2:14 PM

Stock Market Update | Sensex up over 900 points, Nifty nears 17,600; Rupee at one-month high vs USD

Gains in the financial shares are leading the headline indices higher. The rupee is up at 82.03, one-month high vs the USD (Read more on Rupee vs Dollar)

Mar 3, 2023 2:02 PM

Share Market Update | Nifty PSU Bank index is up 5.2%

The PSU Bank index is up 5.2 percent at this hour with all 12 constituent stocks trading in the green. Union Bank, UCO Bank and PSB are the top gainers, up 6.4 to 7.6 percent. Large market global fund GQG has put in over Rs.15,000 crores in four Adani group companies. This has lifted sentiment not just for the adani group but also for banks especially PSU banks.

Metals and real estate indices remain the other big gaining sectors.

Mar 3, 2023 1:33 PM

Stock Market Update | A good Friday!

It's a good day for markets with strong gains on the benchmark Nifty. US markets of course gave us a good handover both the S&P-500 and the NASDAQ ending higher even though yields and the dollar remained strong. The Nifty has made a high of 17,579 – just under the first resistance level of 17,591 (38% retracement of the recent fall).

Mar 3, 2023 1:17 PM

Share Market Update | Brigade Enterprises will continue raising property prices, targets a 20-25% increase in pre-sales

The real estate market in India has seen a surge in demand in recent times, with developers experiencing a rise in pre-sales. According to Atul Goyal, the CFO of Brigade Enterprises, property prices will continue to rise as long as demand sustains despite the current high-interest rate cycle. (Read more)

Mar 3, 2023 1:08 PM

Stock Market News | WPIL bags orders worth Rs 1,225 crore

The company has bagged four orders worth Rs 1,225 crore from the Madhya Pradesh government for two years.

Mar 3, 2023 12:55 PM

Federal Bank looks to open more branches in Gujarat, Maharashtra, Tamil Nadu and Karnataka as break-even costs reduces sharply

While speaking to CNBC-TV18, Ashutosh Khajuria, the Executive Director of Federal Bank, said that the bank is planning to grow its branch network in several focus areas, including Gujarat, Maharashtra, Tamil Nadu, and Karnataka. (Read more)

Mar 3, 2023 12:34 PM

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