Share Market HIGHLIGHTS: Sensex ends 445 pts below day high, Nifty gives up 17,500; most Adani stocks bleed
Stock Market HIGHLIGHTS: Indian equity benchmarks Sensex and Nifty50 see-sawed between gains and losses before finishing lower on Friday, as the market entered a new monthly derivatives series. Both headline indices extended losses to the sixth session in a row. Investors awaited a key India GDP data due next week for domestic cues.
Meanwhile, the Ukraine crisis was in focus, with Russia's invasion of Ukraine entering a second year. Catch more on one year of Russia-Ukraine war
Catch all the market action, market commentary and analysis only on Zeebiz.com's blog here, besides the views of Zee Business Managing Editor Anil Singhvi and other experts, financial results, investment ideas and stock picks:
Stock Market HIGHLIGHTS: Indian equity benchmarks Sensex and Nifty50 see-sawed between gains and losses before finishing lower on Friday, as the market entered a new monthly derivatives series. Both headline indices extended losses to the sixth session in a row. Investors awaited a key India GDP data due next week for domestic cues.
Meanwhile, the Ukraine crisis was in focus, with Russia's invasion of Ukraine entering a second year. Catch more on one year of Russia-Ukraine war
Catch all the market action, market commentary and analysis only on Zeebiz.com's blog here, besides the views of Zee Business Managing Editor Anil Singhvi and other experts, financial results, investment ideas and stock picks:
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Share Market Update | Sensex ends 142 pts lower, Nifty50 gives up 17,500; most Adani stocks fall
The Sensex ends the see-saw session with a cut of 141.9 points or 0.2 per cent at 59,463.9, having gyrated in a range of almost 600 points around the flatline during the session. The Nifty50 settles at 17,465.8, down 45.5 points or 0.3 per cent from its previous close after broadly moving in the 17,400-17,600 band in intraday trade.
Here's how the headline indices moved through the day:
Sensex
Nifty50
India GDP Due Next Week | Economy estimated to expand 7% in 2022-23, says Finance Ministry January 2023 review
Despite the global economy operating under an extremely challenging macroeconomic environment, such as geopolitical tensions in Europe, spiralling energy, food as well as fertiliser prices, monetary tightening and inflationary trends, the Indian economy is estimated to grow seven per cent on a year-on-year basis for the current financial year, according to a monthly review by the finance ministry. (Read more on Indian economy)
SpiceJet Q3 Results: Net profit soars over 2.5 times to Rs 110.5 crore, shares fly higher
SpiceJet shares surge by as much as Rs 5.4 or 15.3 per cent to Rs 40.8 apiece on BSE.
Share Market Update | IRFC shares correct 31% from peak. Good time to buy now?
Indian Railway Finance Corporation (IRFC) shares touched their latest 52-week high in November 2022. Market expert Ambareesh Baliga has a 'buy' call on the railways-related stock with a target price of Rs 32.
Nifty LIVE | HDFC twins, L&T, Hindalco, ITC, Adani Enterprises, M&M top drags
Here's a look at the heatmap in the 50-scrip universe:
Share Market Tips LIVE | Sameet Chavan shares HDFC AMC, Indus Towers call option recommendations
Sameet Chavan of Angel One has three call option recommendations for Zee Business viewers:
- Buy the 40,300 call option of Nifty Bank for a target of Rs 395 with a stop loss at Rs 62
- Buy the Rs 1,900 call option of HDFC AMC for targets to the tune of Rs 60-80 with a stop loss at Rs 21
- Buy the Rs 170 call option of Indus Towers for a target of Rs 8-10 with a stop loss at Rs 1.9
Sensex LIVE | Asian Paints, Bajaj Finserv, NTPC, Axis Bank rise most among 10 gainers; M&M, Tata Steel, Tata Motors among top losers
Sensex LIVE | HDFC Bank, HDFC, Larsen & Toubro, ITC, TCS among stocks posing maximum pressure on 30-scrip index
Multibagger | Smallcap stock zooms on strong results, dividend announcement; should you pick?
The stock has more than doubled in the past one year.
Do you have it in your stock portfolio? Find out here
Stocks to buy in March F&O series | A list of shares analysts recommend as D-Street enters a new month
As Dalal Street enters the March F&O series, in conversation with Zee Business Managing Editor Anil Singhvi, top analysts share a list of stocks you can buy or sell in the new month.
Check out the complete list of stocks you can buy in March F&O series
NSE subsidiary launches municipal bond index
NSE’s index services subsidiary, NSE Indices, has launched the country’s first ever municipal bond index, according to a company statement.
The debt securities index will track the performance of municipal bonds issued by Indian municipal corporations across maturities, it adds.
Read more on NSE municipal bond index
Stock Market Tips LIVE | Sneha Seth recommends buying IEX shares
Sneha Seth of Angel One has a 'buy' call on IEX for a target of Rs 150 with a stop loss at Rs 141.
Share Market LIVE Today | Sensex, Nifty50 turn flat amid volatile trade
Sensex
Nifty50
Nifty LIVE | Nifty50 cracks below 17,500; Divi's, Asian Paints, ONGC, Bajaj Finserv, Axis Bank, Nestle top laggards
Top Nifty50 losers
| Stock | CMP | Change (%) |
| ADANIENT | 1,277.8 | -7.6 |
| HINDALCO | 416.6 | -4.6 |
| JSWSTEEL | 685.3 | -2.3 |
| EICHERMOT | 3,195.0 | -1.5 |
| TATASTEEL | 110.5 | -1.4 |
Top Nifty50 gainers
| Stock | CMP | Change (%) |
| DIVISLAB | 2,926.0 | 1.8 |
| ASIANPAINT | 2,750.3 | 1.6 |
| ONGC | 152.7 | 1.3 |
| BAJAJFINSV | 1,361.6 | 1.1 |
| NESTLEIND | 18,793.9 | 0.8 |