01:57:22 PM IST, 12 March 2024
Stock Market View | Kresha Gupta, Founder, Chanakya Opportunities Fund on SME IPOs
In regulating this market, it’s necessary for regulatory bodies like NSE and BSE to strike a balance. The aim should be to foster investor participation while limiting manipulative practices. While acknowledging that the SME market isn’t immune to manipulation, it’s feasible to manage such risks effectively through thoughtful regulation and oversight. This approach ensures that the market remains attractive and accessible while safeguarding investors against undue influence.
01:57:20 PM IST, 12 March 2024
Sensex Today | Stock Market LIVE Updates | PM inaugurates India’s first automobile in-plant railway siding project of Maruti Suzuki in Gujarat
01:32:19 PM IST, 12 March 2024
Stock Market View | JG Chemicals listing view by Prashanth Tapse, Senior VP (Research), Mehta Equities
Being the largest zinc oxide manufacturer enjoying monopoly in the business received decent subscription demand in these subdued market conditions from all sets of investors on the last of the IPO process, we expect a flat to muted listing to its issue price of 221/- apiece. Considering down casting market mood and selling pressure in the Mid & small cap sector a flat to muted listing can be justified. Given the company’s strong market position, diversified client base and strategic growth initiatives, we believe JG Chemicals Ltd continues to solidify its pivotal position in the zinc oxide market. Hence, considering all the parameters we recommend conservative investors to “Book Profit” on the listing day and while those investors who wish to add can wait and watch the space post listing performance before taking any action.
01:22:19 PM IST, 12 March 2024
“Very good step by NSE by reducing burden on brokers,” says Vijay Mehta of ANMI
01:17:55 PM IST, 12 March 2024
Sensex Today | Stock Market LIVE Updates | Azad Engineering signs another strategic supply agreement with Baker Hughes
01:10:02 PM IST, 12 March 2024
Sensex Today | Stock Market LIVE Updates | Droneacharya Aerial Innovations secures service order from Adani Group
01:08:10 PM IST, 12 March 2024
Sensex Today | Stock Market LIVE Updates | Kilburn Engineering wins orders worth Rs 2517 lakh
Indian market is displaying bubble like characteristics in many ways and the downside potential over the next couple of years could be as high as 30-40%. We would advise investors to take money off the table while they can and wait for a deep correction to buy stocks again. The sectors to invest would depend on which sectors correct how much once the correction has completely unfolded.
– Amit Goel, Co-Founder and Chief Global Strategist at Pace 360
01:05:40 PM IST, 12 March 2024
Sensex Today | Stock Market LIVE Updates | BSE SME IPO tanks 5%
As the Securities and Exchange Board of India (SEBI) rang alarm bells over the unprecedented rally in the SME segment, the S&P BSE SME IPO index extended Monday’s losses and slumped more than 5% in trade today.
12:39:16 PM IST, 12 March 2024
Japan’s Nikkei slips as traders weigh US CPI, expected BOJ pivot
The Nikkei closed 0.1% lower at 38,797.51, rebounding from broad losses in the morning session as dip-buying took hold, but was unable to finish in positive territory.
12:34:34 PM IST, 12 March 2024
Stock Market LIVE Updates | NSE to cut cash, derivative transaction charges by 1%
12:32:43 PM IST, 12 March 2024
Sensex Today | Stock Market LIVE Updates | Tata Power Solar commissions India’s largest solar andbattery energy storage project in Chhattisgarh
12:31:28 PM IST, 12 March 2024
Sensex Today | Stock Market LIVE Updates: V-Marc India gets purchase order worth Rs 2.86 crore
12:19:43 PM IST, 12 March 2024
Bitcoin trades near $72,000; Toncoin, Avalanche jump up to 34%
In the last 24 hours, Bitcoin jumped to an intraday peak of $72,850. It was last 5% higher at $71,986 at 11:26 am IST.
Today’s spurt extended last week’s record-breaking run when the currency bulldozed its way past the previous November 2021 pinnacle of $68,999.
12:14:51 PM IST, 12 March 2024
Sensex Today | Stock Market LIVE Updates | Top gainers & losers at this hour
12:05:29 PM IST, 12 March 2024
Sensex Today | Stock Market LIVE Updates: Landmark Cars has received an Expression of Interest from MercedesBenz India for opening a workshop in the Eastern part of Mumbai, Maharashtra.
11:53:49 AM IST, 12 March 2024
Sensex Today | Stock Market LIVE Updates | HC issues notice to RBI to probe Paisalo Digital’s unfair lending practices
11:51:03 AM IST, 12 March 2024
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11:33:31 AM IST, 12 March 2024
Sensex Today | Stock Market LIVE Updates | State Bank of India selects iCashpro+ –Aurionpro’s next-gen cash management & transaction banking platform
11:20:38 AM IST, 12 March 2024
Rupee inches up; importers take advantage of unexpected up move
The rupee was at 82.7425 to the U.S. dollar at 10:55 a.m. IST, up from 82.7575 in the previous session.
The rupee has been in a narrow 3 paisa range, having reached a more than six-month high on Monday.
10:56:54 AM IST, 12 March 2024
Sensex Today | Stock Market LIVE Updates: Top losers from FMCG pack
10:53:46 AM IST, 12 March 2024
Sensex Today | Stock Market LIVE Updates: SpiceJet says Chief commercial officer left co with immediate effect, stock down 7%
10:52:45 AM IST, 12 March 2024
Sensex Today | Stock Market LIVE Updates | Sensex erases 500 pts gain, trades in red!
10:43:53 AM IST, 12 March 2024
Sensex Today | Stock Market LIVE Updates | DreamFolks partners with Healthians to offer comprehensive health check-up services
10:36:48 AM IST, 12 March 2024
Stock Market LIVE Updates | Brokerage Take: JM Financial maintains BUY on Aditya Birla Capital
The Board of Directors of Aditya Birla Finance Ltd (ABFL), wholly owned subsidiary of Aditya Birla Capital Ltd (ABCL) approved the scheme of amalgamation with ABCL through NCLT approved scheme. We believe that the scheme would offer key positives which include: a) simplified operations, b) elimination of Holdco discount since ABFL was mandated to be listed by Sep’25 as per NBFC-UL guidelines, and c) absence of separate listing costs of ABFL. This also increases CRAR by ~150bps as such postpones the potential need to raise growth capital versus earlier scenario. Our SOTP-based calculations now suggest a TP of INR 240 valuing: i) ABFL at 2.0x FY25E P/B, ii) housing sub at 2.0x FY25E P/B, iii) life insurance at 1.8x FY25E P/EV, iv) ABSL AMC at 25x FY25E P/E, and v) AB Money at CMP. Maintain BUY.
10:32:48 AM IST, 12 March 2024
Heavy debt sale, profit booking break India bond yields’ declining trend
The benchmark 10-year yield was at 7.0169% as of 10:00 a.m. IST, following its previous close of 7.0147%. The yield had eased 7 basis points in the last six sessions.
10:15:19 AM IST, 12 March 2024
IPO ALERT | Popular Vehicles IPO opens for subscription. Should you bid for Rs 602-crore offer?
The IPO, which closes on March 14, is a combination of fresh equity issue of 84 lakh shares and an offer for sale (OFS) of 1.19 crore shares, which will be offloaded by Banyan Tree Growth Capital.
10:14:34 AM IST, 12 March 2024
Sensex Today | Stock Market LIVE Updates: HSBC maintained a buy rating on Zomato but raised the target price to Rs 200 from Rs 163 earlier. Advertising revenues will remain the cornerstone of Blinkit’s business in the long term. HSBC expects digital spend share to increase in India and, within that, platforms to gain share thereby helping Blinkit.
10:14:24 AM IST, 12 March 2024
Sensex Today | Stock Market LIVE Updates | Bharat Highways Invit lists at 1% premium over IPO price
NSE – Rs 101.1 (Up Rs 1.1 or 1.1%)
10:13:45 AM IST, 12 March 2024
Sensex Today | Stock Market LIVE Updates | V R Infraspace lists at 6% premium at SME platform
NSE – Rs 90 (Up Rs 5 or 6%)
10:02:19 AM IST, 12 March 2024
Sensex Today | Stock Market LIVE Updates | R K Swamy lists at 13% discount
BSE – Rs 252 (Down Rs 36 or (-)12.5%)
NSE – Rs 250 (Down Rs 38 or (-)13.2%)
The USD-INR 26 March futures contract has rebounded from its recent lows. According to the daily technical chart analysis, the pair is currently trading below its moving average trend-line support level of 82.82, with the RSI indicating levels below 40. The MACD is displaying negative divergence, signaling a bearish trend, and the pair has breached its support levels. Based on the daily technical chart, support for the pair is identified at 82.55-82.35, while resistance is noted at 82.94-83.05. Given the current technical setup, it is anticipated that the pair will continue trading below its support level of 82.82, with a projected trading range of 82.35-83.05 for the week ahead.
– Rahul Kalantri, VP Commodities, Mehta Equities
09:55:12 AM IST, 12 March 2024
Sensex LIVE Updates | Sensex rises 400 pts!
09:54:26 AM IST, 12 March 2024
Sensex Today | Stock Market View: Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
The dominant near-term trend in the market now is the correction in the broader market, particularly the small caps. The small cap index is 7.8% down from the peak and this correction is likely to continue since the valuations are even now excessive. The regulator SEBI has sent a clear message about the frothy valuations in the small cap segment and, therefore, regulatory actions are likely, going forward. There can be redemptions from small cap funds adding to the downside.Quality large caps will bounce back after a correction, but small caps are unlikely to bounce back in the near-term.PSE stocks that have run up too much too fast also are likely to face selling pressure.
09:40:58 AM IST, 12 March 2024
Sensex Today | Stock Market LIVE Updates | Smallcap firm HIL rose 4% after the company acquired 100% equity of Crestia Polytech and 4 other entities for around Rs 265 crore on a cash-free and debt-free basis.
09:37:09 AM IST, 12 March 2024
Sensex Today | Stock Market LIVE Updates | Aditya Birla Capital shares rose over 6% higher after the company said it will merge with its unit Aditya Birla Finance and turn into an operating non-banking financial company from a holding company.
09:31:01 AM IST, 12 March 2024
Sensex Today | Stock Market LIVE Updates: British American Tobacco (BAT) is planning to sell up to $2-3 billion of ITC in block trades this week, Bloomberg reported.
09:21:47 AM IST, 12 March 2024
Sensex Today | Stock Market LIVE Updates | 0.4% equity block deal in Macrotech
09:21:30 AM IST, 12 March 2024
Sensex Today | Stock Market LIVE Updates | 2% equity block deal in KFin Tech
09:20:09 AM IST, 12 March 2024
Rupee falls 1 paisa to 82.76 against US dollar in early trade.
09:19:34 AM IST, 12 March 2024
Sensex Today | Stock Market LIVE Updates | YES Bank, ITC among most active stocks in morning trade
09:18:46 AM IST, 12 March 2024
Opening Bell: Sensex trades flat, Nifty tests 22,350; AB Capital jumps 5%, Tata Chem drops 3%
09:10:48 AM IST, 12 March 2024
Sensex Today | Stock Market LIVE Updates: Sterling and Wilson Renewable Energy in focus today
Shapoorji Pallonji & Company (SPCPL), the holding firm of the billionaire Pallonji family, is likely considering selling its stake in Sterling and Wilson Renewable Energy (SWRE), Reuters reported citing a report in Business Standard newspaper. SPCPL may sell its 14 per cent stake for approximately Rs 1,800 crore in a bid to meet its financial obligations by the end of this month.
09:09:37 AM IST, 12 March 2024
Sensex Today | Stock Market LIVE Updates: Pre-open session: Sensex up 10 points; Nifty above 22,330
08:46:44 AM IST, 12 March 2024
Stock market view: Prashanth Tapse, Senior VP (Research), Mehta Equities
In recent market action, the Nifty saw a modest uptick, gaining 27 points to close at 22440, after a previous session marked by broad-based selling. Investors are treading cautiously, particularly as the last bear of Dalal Street signals caution amid excessive optimism. With key inflation reports from the US and India poised to influence market sentiment, all eyes are on the CPI and PPI data for directional cues. Technical analysis suggests Nifty finding immediate support at 22224 with resistance at 22530, indicating a potential trading range between 21500 and 23000. Amidst this, the primary IPO market is vibrant with several listings expected, and trading strategies for Nifty and Bank Nifty focus on capturing gains within defined zones. Highlighted investment opportunities include INDIGO, APOLLO HOSPITALS, and COLPAL, with APOLLO HOSPITALS standing out as a momentum play, recommended for buying at the current market price with specific targets in mind, reflecting a cautiously optimistic outlook in the face of inflation uncertainties.
08:17:12 AM IST, 12 March 2024
Sensex Today | Stock Market LIVE Updates: Asian stocks rise ahead of US CPI; yen perks up on BOJ chatter
Asian stocks nudged higher on Tuesday ahead of the influential U.S. inflation report, while Japanese shares fell and the yen firmed on rising expectations that the Bank of Japan may be ready to exit ultra easy-monetary policy as early as next week.
08:06:44 AM IST, 12 March 2024
Sensex Today | Stock Market LIVE Updates: Oil rises slightly ahead of demand estimates
Oil prices rose in early Asian trading, but price moves were limited as the market waited for monthly reports from oil agencies. Brent futures for May delivery rose 23 cents to $82.44 a barrel by 0221 GMT. The U.S. crude April contract rose 17 cents to end at $78.10 a barrel.
08:00:54 AM IST, 12 March 2024
Sensex Today | Stock Market LIVE Updates: Gold’s record run stalls ahead of US inflation print
Gold prices were steady on Tuesday, as traders refrained from taking new positions after bullion’s record run ahead of U.S. consumer prices data that could offer clues on the Federal Reserve’s monetary policy trajectory.
07:21:42 AM IST, 12 March 2024
Sensex Today | Stock Market LIVE Updates: Dollar on guard; BOJ speculation keeps yen supported
The dollar held broadly steady on Tuesday ahead of key U.S. inflation data due later in the day, while the yen firmed near a one-month high on mounting expectations the Bank of Japan could exit negative interest rates as early as next week.
07:21:48 AM IST, 12 March 2024
Sensex Today | Stock Market LIVE Updates: Tokyo stocks fall at open
Tokyo stocks opened lower on Tuesday after a mixed finish on Wall Street, where traders were cautious ahead of fresh consumer inflation data.The benchmark Nikkei 225 index fell 1.20 percent, or 466.90 points, to 38,353.59 in early trade, while the broader Topix index was down 1.45 percent, or 38.62 points, to 2,628.21.
07:21:54 AM IST, 12 March 2024
Sensex Today | Stock Market LIVE Updates: GIFT Nifty (Earlier SGX Nifty) signals a positive start
GIFT Nifty on the NSE IX traded higher by 28 points, or 0.13 per cent, at 22,441, signaling that Dalal Street was headed for positive start on Tuesday.
07:22:01 AM IST, 12 March 2024
Sensex Today | Stock Market LIVE Updates: Tech View: No panic till Nifty holding above 22,000
Nifty today fell 161 points to form a bearish engulfing pattern on the daily charts to hint at short-term top reversal for the market.The short-term trend of Nifty seems to have turned down and the next lower levels to be watched are around 22100-22050 levels. Intraday resistance is at 22525, Nagaraj Shetti of HDFC Securities said.
07:22:07 AM IST, 12 March 2024
Sensex Today | Stock Market LIVE Updates: Rupee falls 8 paise to settle at 82.75 against US dollar
The rupee declined by 8 paise to settle at 82.75 against the US dollar on Monday, tracking bearish equity markets. Forex analysts said weakness in the US dollar and a decline in crude oil prices cushioned the downside.
07:22:13 AM IST, 12 March 2024
Sensex Today | Stock Market LIVE Updates: S&P 500, Nasdaq end down as investors wait for CPI, PPI data
The S&P 500 and Nasdaq ended down slightly on Monday with investors preparing for this week’s consumer and producer price data, which they hope will provide a better idea of whether the Federal Reserve can begin cutting interest rates in the coming months.
07:22:20 AM IST, 12 March 2024
Sensex Today | Stock Market LIVE Updates: Sensex, Nifty on Monday
The BSE benchmark Sensex declined 617 points or 0.83% to settle at 73,502, while the broader NSE Nifty dropped 161 points or 0.72% to end at 22,332.
