Share Market HIGHLIGHTS: Nifty50 halts 5-day losing streak but ends 14 pts shy of 17,000, Sensex up 79 pts; Credit Suisse shares zoom

Sensex Today | HCL Tech, UltraTech, Nestle top gainers in 30-scrip pack; ITC, Maruti, NTPC top losers

Global Market LIVE | Dow Jones, S&P 500 futures slide into the red, US megacap tech stocks-heavy Nasdaq Composite in the green 

The futures contracts of the three main US stock market indices − the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite − indicate a mixed start ahead in the US share market today. 

Here's where the three contracts stand at this hour:

• Dow Jones: down 87 points or 0.3 per cent at 31,785 
• S&P 500: down 5.5 points or 0.1 per cent at 3,887.3
• Nasdaq Composite: up 36.3 points or 0.3 per cent at 12,284

Nifty Today | BPCL, HUL, Asian Paints, Nestle rise most among 38 gainers in 50-scrip basket; Hindalco, Tata Steel, IndusInd Bank top losers   

Here's a look at the 10 stocks that moved the most in the Nifty50 universe:

Nifty top gainers 

Nifty top laggards 

Share Market Update | Nifty halts 5-day losing streak but 14 pts shy of 17,000; Sensex ends 476 pts above day's low

Both main indices of the Indian stock market close higher after five back-to-back sessions of losses. The Nifty50 ends with a gain of 13.5 points or 0.1 per cent at 16,985.6, after broadly moving within the 16,850-17,050 band in intraday trade.

The Sensex settles 78.9 points or 0.1 per cent stronger for the day at 57,634.8, having gyrated in a range of more than 700 points around the flatline amid volatile trade during the session.

Here's how both Sensex and Nifty50 moved through the day: 

Sensex

Nifty

Dividend News | Aditya Birla Sun Life AMC declares dividend, shares rise

Aditya Birla Sun Life AMC shares rise 0.6 per cent to touch Rs 357.8 on the upside, after the company announces a dividend of Rs 5 per share.

The record date for the latest dividend is March 24. A record date is the date that determines the shareholders eligible to benefit from corporate action such as a dividend payout. 

The dividend will be paid on or before April 10, 2023, according to a regulatory filing.

Share Market Today LIVE | SAIL shares under pressure as board considers dividend payout

Steel Authority of India shares are about to close lower for the day, having struggled well below the flatline throughout the session. The SAIL stock declined by as much as Rs 3.7 or 4.2 per cent to Rs 84 apiece on BSE.

Global Market LIVE | Credit Suisse shares skyrocket as investors cheer lifeline from Swiss central bank; analysts keep fingers crossed

Credit Suisse shares begin the day with a big leap into the green, rising 27.6 per cent at the strongest level of the day so far. The jump in the Credit Suisse stock comes on the back of the company securing a lifeline from the Swiss central bank to shore up investor confidence, recouping some of the losses that stripped off a quarter of its market value on Wednesday.

The Swiss bank says it will make use of a $54-billion loan from the Swiss National Bank, sending positive signals to the equity markets across Asia and Europe.

Analysts say sustained gains in the Credit Suisse stock through the day may support the sentiment across global financial stocks. 

Read more on Credit Suisse shares

Lenskart gets $500 million from Abu Dhabi Investment Authority  

The Abu Dhabi Investment Authority (ADIA), a sovereign wealth fund owned by the Emirate of Abu Dhabi, is investing $500 million in Indian eyewear retailer Lenskart, according to a company statement.

The deal includes both primary and secondary shares. Once the deal completes, it will make ADIA one of the largest shareholders in Lenskart. 

Read more on Lenskart

Avendus Capital upgrades OMC stocks IOC, BPCL, HPCL to 'buy' from 'add', says cheaper crude oil likely to improve margins

According to the brokerage, cheaper crude oil will aid the marketing margins of the oil marketing companies, and likely improve their gross refining margins (GRMs) in the long term. 

Read more on Indian Oil, BPCL, HINDPETRO shares, crude oil price

Global Market LIVE | European markets begin the day in the green; Credit Suisse shares skyrocket 

The pan-European Stoxx 600 index is up 3.4 points or 0.8 per cent at 439.8 shortly after the opening bell, having risen as much as 1.4 per cent within the first few minutes of trade.

Here's what some of the key indices in the region look like: 

• UK's FTSE 100 index: up 75.1 points or one per cent at 7,419.6
• France's CAC 40: up 64.3 points or 0.9 per cent at 6,950
• Germany's DAX 30: up 136.6 points or 0.9 per cent at 14,871.9

Share Market Today LIVE | Patanjali Foods fall after bourses freeze promotors' holding; CEO Sanjeev Asthana clarifies

Patanjali Foods shares are down by Rs 20.9 or 2.2 per cent at Rs 940 apiece on BSE, having been locked in the five per cent lower circuit at Rs 912.9 apiece earlier in the day. Weakness in the stock comes after bourses froze promoter holding of the company over failure to comply with public ownership norms within the stipulated time. 

The promoter stake in Patanjali Foods stands at 80.82 per cent.

As per Sebi rules, a listed company has to ensure minimum public shareholding of 25 per cent. 

Read more on Patanjali shares

Stock Market Tips LIVE | Buy Gland Pharma, IEX shares, says Vikas Salunkhe

Vikas Salunkhe of Nirmal Bang Securities has two stock picks for Zee Business viewers: 

• Buy Gland Pharma shares for a target of Rs 1,340 with a stop loss at Rs 1,170
• Buy IEX for a target of Rs 164 with a stop loss at Rs 145

Share Market Today LIVE | OMC stocks Indian Oil, Bharat Petroleum, Hindustan Unilever surge as crude oil hits over one-year low

At the strongest level of the day so far, Indian Oil (IOC) shares gain 1.9 per cent to Rs 80.2 apiece. The stock of Bharat Petroleum (BPCL) jumps as much as 5.3 per cent to Rs 347.8 apiece and that of Hindustan Petroleum (HINDPETRO) as much as 6.5 per cent to Rs 245.5 apiece. 

On Wednesday, international crude oil benchmarks plunged to their lowest levels in more than a year amid concerns that a crisis of confidence in the banking sector could trigger a recession and affect demand.

Falling crude oil prices are positive for India, which meets the lion's share of its oil requirement through imports.

• Brent: down by $3.8 or 4.9 per cent at $73.7 per barrel
• US WTI: down by $3.7 or 5.2 per cent at $67.6 per barrel

Here's how the stocks have moved today so far: 

IOC

BPCL

HINDPETRO

Share Market Tips LIVE | Buy Petronet LNG shares, sell Hindalco shares, says Arpit Beriwal

Motilal Oswal Financial Services' Arpit Beriwal also has two stock recommendations: 

• Buy Petronet LNG shares for a target price of Rs 252 with a stop loss at Rs 230  
• Sell Hindalco shares for a target of Rs 365 with a stop loss at Rs 405 

Here's how the two scrips have moved in the past five sessions:

Petronet LNG 

Petronet shares have risen about four per cent during this period.   

Hindalco

Hindalco has fallen five per cent. 

Share Market Tips LIVE | Sell Nifty50 futures for target of 16,900, says Arpit Beriwal 

Arpit Beriwal of Motilal Oswal Financial Services shares two index derivative calls with Zee Business viewers: 

• Sell Nifty futures at 17,100 for a target of 16,900 with a stop loss at 17,200 
• Sell Nifty Bank futures at 39,300 for a target of 38,500 with a stop loss at 39,650