Sensex Today: Stock market Live Updates: Sensex, Nifty erase all gains, slip into the red as caution prevails; financials only sectoral gainer
12:10 PM
JG Chemicals gets Sebi’s nod to raise funds for IPO
Kolkata-based Zinc Oxide manufacturer, J.G. Chemicals Ltd has received final observation from the capital markets regulator, Securities and Exchange Board of India (SEBI), to raise funds through an initial public offering (IPO). The company had filed preliminary IPO papers with Sebi on January 4, 2023. The IPO consists of a fresh issue of Rs 202.50 crore and an offer-for-sale of up to 5.7 million equity shares by its existing shareholders and promoters.
11:51 AM
Forex Watch | Safe-haven dollar slips as bank fears ease; yen, Aussie soar
The yen, despite traditionally also being a safe haven, rebounded strongly from overnight losses, with analysts pointing to flows related to the end of the country’s fiscal year on Friday.
The risk-sensitive Australian and New Zealand dollars also jumped, with the Aussie getting an additional boost from better-than-expected retail sales data.
11:40 AM
Tokyo shares close higher as banking crisis fears ease
Tokyo shares closed higher Tuesday, with the market supported by gains of bank equities as fears of a crisis in the sector eased. The benchmark Nikkei 225 index added 0.15 percent, or 41.38 points, to end at 27,518.25, while the broader Topix index rose 0.25 percent, or 4.83 points, to 1,966.67.
11:22 AM
Shares of Paytm rose nearly 3% to Rs 638 in Tuesday’s intraday trade on BSE after the company said that from now on its KYC wallet customers can make payments on every UPI QR code and online merchant where UPI payments are accepted.
10:59 AM
Market Live Updates: Sensex falls over 400 pts from day’s high
10:28 AM
Muthoot Finance approved pre-payment of external commercial borrowings of $550 million
10:19 AM
JUST IN | EPFO declares 8.15% as the rate of interest for 2022-23, as per sources
10:12 AM
Sector Watch: Financials, IT & realty trade with marginal gains
10:10 AM
Market LIVE Updates: Check out the top gainers & losers from realty pack
10:09 AM
SEBI extends deadline for filing mandatory nominations till 30 September
On 23 July, 2021 SEBI mandated providing choice of nomination details (either furnishing of nomination or declaration for opting out of nomination) for investors opening new trading and or demat accounts on or after 01 October, 2021 and for all existing eligible trading and demat account holders latest by 31 March, 2022. Failure do so would invite freezing the trading accounts for debits, the then circular said.
09:47 AM
Mold-Tek Packaging says commercial production/ operations at its unit at Hyderabad commenced with effect from March 27
09:38 AM
Transformers And Rectifiers (India) received orders worth Rs 184 crore. The company’s order book as on date stands at Rs 1555 crore.
Bulls did regroup yesterday though stumbled at 17070, a critical frontier that we had marked down yesterday as the one to be toppled before recovery moves are played with more conviction. Hence, while yesterday’s close did not inspire, it still encourages us to open today with upside hopes, and persist with it through the day, as long as above 17020, but may have to wait for a close today above 17140 to put the trend firmly in the 17470 trajectory. Alternatively, a repeat attack on 16918 would assure a new low for the year. This though is not the favoured view as is but deserves attention given the approach of expiry.
– Anand James – Chief Market Strategist at Geojit Financial Services
09:28 AM
Kalyan Jewellers’ 2.7% equity shares changes hands in 3 block deals.
09:21 AM
Market outlook by Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
The current market signals indicate that the worst of the banking crisis is behind us. S&P 500 is now trading above the March 10 level when SVB collapsed. The stock prices of European banks also are improving indicating that there are no fears of contagion now. Doomsayers who predicted that the SVB collapse is a Lehman moment for the banking sector have been proved wrong. But investors have to be cautious since there is some element of uncertainty even after this apparent return to stability. There is a level of certainty regarding growth prospects. The global economy is slowing down; but Asia, particularly India, will outperform. India’s banking system is well regulated, strong and resilient. This period of uncertainty and volatility is the right time to build a good portfolio. High quality stocks with reasonable valuations and good earnings visibility can be accumulated now. Banking, capital goods and telecom are sectors that will post good results in the Q4 results season starting on April 13th. Valuations of IT stocks have become reasonable even though the segment will face headwinds from the US slowdown.
09:21 AM
Rupee rises 15 paise to 82.16 against US dollar in early trade.
09:20 AM
Check out the top gainers & losers in morning trade
09:17 AM
Opening Bell: Sensex gains 150 points, Nifty above 17,000; Paytm up 2%, Adani Green drops 4%
09:06 AM
Pre-open session: Sensex rises 30 points; Nifty above 17,000
08:40 AM
BROKERAGE RADAR | JEFFERIES ON AMBUJA
- Maintain BUY
- TARGET PRICE: Rs 490
- Target 28% EBITDA CAGR over FY23-FY28
- The company is doubling the capacity to 140MTPA
08:39 AM
BROKERAGE RADAR | UBS ON INDIAN HOTELS
- Maintain BUY
- TARGET PRICE: Rs 400
- Hosted Indian Hotel management for our unplugged conversation
- Management sees no signs of momentum slowing down
- Traditionally Q3 is seasonally better for India
- India’s hospitality story remains strong, even in Q4
08:34 AM
BROKERAGE RADAR | MORGAN STANLEY ON PAYTM
- Maintain: EQUAL-WEIGHT
- TARGET PRICE: Rs 695
- For Paytm Payments Bank, new guidelines could lead to additional revenues
- OCL should benefit as interchanged fees paid to Paytm Payments Bank move lower
- Await clarity from management on net positive impact
08:11 AM
Asian stocks gain, US treasury yields rise as banking fear eases
Global stocks and U.S. bond yields rose on Tuesday, as a U.S. regulator-backed deal by First Citizens BancShares to buy failed Silicon Valley Bank soothed wider worries about problems in the sector. MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.3% by early morning Hong Kong time. U.S. stock futures, the S&P 500 e-minis, were up 0.21%.
07:38 AM
SGX Nifty signals a positive start
Nifty futures on the Singapore Exchange traded 53 points, or 0.31 per cent, higher at 17,066, signaling that Dalal Street was headed for positive start on Tuesday.
07:38 AM
Tech View: Nifty charts hint at indecisiveness
On the Monthly Option front, Maximum Call OI is at 18,000, then 17,000 strike, while Maximum Put OI is at 17,000, then 16500 strike. Call writing is seen at 17000, then 17250 strikes, while Put writing is seen at 17,000, then 16,800 strikes. Options data suggests an immediate trading range in between 16,800 to 17,200 zones.
07:37 AM
Tokyo stocks open higher
Tokyo shares opened higher Tuesday after the Dow index was lifted by US bank share gains as fears of a crisis in the sector eased.The benchmark Nikkei 225 index rose 0.39 percent, or 108.12 points, to 27,584.99 at the open, while the broader Topix index added 0.33 climbed 0.59 percent, or 11.67 points, to 1,973.51.
07:37 AM
S&P 500 ends up slightly; SVB deal lifts bank shares
The S&P 500 ended slightly higher on Monday as a deal for Silicon Valley Bank’s assets helped to boost bank shares, while a decline in technology-related stocks limited the day’s gains.
07:37 AM
Rupee gains 9 paise against US dollar
The rupee appreciated by 9 paise to close at 82.31 against the US dollar on Monday, as a positive trend in domestic equities and a weak dollar supported investor sentiments.
07:37 AM
Oil prices little changed; supply concerns, banking crisis in focus
Crude prices moved in a narrow range in early Asian trade on Tuesday after rallying in the previous session, with oil markets focused on developments in the banking crisis as well as on supply concerns and indications of strengthening demand.Brent crude futures fell 2 cents to $78.10 a barrel at 0018 GMT. West Texas Intermediate U.S. crude gained 8 cents, or 0.1%, to $72.89.
07:36 AM
Sensex, Nifty on Monday
The 30-share BSE benchmark Sensex rose 127 points or 0.22% to settle at 57,653. The broader NSE Nifty surged 41 points or 0.24% to end at 16,986.
07:36 AM
