Share Market HIGHLIGHTS: Sensex ends 454 pts lower, Nifty slides to 22,023 dragged by auto, energy, IT shares
Share Market Today LIVE: The stock market commenced trading on Friday, March 15 with a flat sentiment, but soon slipped into the red zone, tracking weak global cues. Catch minute-by-minute updates of all the action in the Indian share market today, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stocks to buy and trade recommendations only on Zeebiz.coms blog.
Share Market Today LIVE: The stock market commenced trading on Friday, March 15 with a flat sentiment, but soon slipped into the red zone, tracking weak global cues. The benchmark indices, Sensex and Nifty, witnessed a downward trend at the opening bell, influenced by international market trends. Moreover, mutual funds are supposed to share Stress Test reports on the ability of small- and mid-cap fund schemes to meet any sudden redemptions owing to adverse market conditions today.
Catch minute-by-minute updates of all the action in the Indian share market today, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stocks to buy and trade recommendations only on Zeebiz.com's blog:
Latest Updates
Share Market Today: Among broader indices, Nifty Midcap 100 down half a per cent
Index Mar 15 close Change (%) NIFTY 500 19,825.20 -0.46 NIFTY MIDCAP 100 46,685.60 -0.46 NIFTY SMALLCAP 100 14,846.70 0.39 The Nifty 500, the broadest index on NSE, also ends 0.5 per cent lower.
Share Market Today: Nifty Oil & Gas, Nifty Auto worst hit among NSE sectoral indices
Index Mar 15 close Change (%) NIFTY OIL & GAS 11,058.80 -1.98 NIFTY AUTO 20,192.30 -1.57 NIFTY PHARMA 18,718.45 -0.95 NIFTY HEALTHCARE INDEX 11,705.80 -0.95 NIFTY IT 37,500.70 -0.47 NIFTY BANK 46,594.10 -0.42 NIFTY FINANCIAL SERVICES 20,644.30 -0.39 NIFTY PSU BANK 6,761.00 -0.35 NIFTY CONSUMER DURABLES 31,567.25 -0.24 NIFTY REALTY 830.15 -0.17 NIFTY MEDIA 1,822.50 -0.04 NIFTY PRIVATE BANK 23,323.00 -0.04 NIFTY FMCG 54,155.45 0.02 NIFTY METAL 7,802.65 0.03 Share Market Today: Mahindra & MAhindra, BPCL, CIL, Tata Motors, Hero MotoCorp worst hit among 39 Nifty50 losers; UPL, Bharti Airtel, HDFC Life top gainers
Top Nifty gainers
Stock Mar 15 close Change (%) UPL 476.8 3.18 BHARTIARTL 1,213.95 1.62 HDFCLIFE 631.8 1.53 BAJFINANCE 6,485.05 1.37 ADANIPORTS 1,283.95 1.27 ADANIENT 3,125.00 1.22 HINDALCO 531.35 1.16 TATACONSUM 1,210.00 0.97 BRITANNIA 4,955.00 0.33 TCS 4,220.00 0.29 Top Nifty losers
Stock Mar 15 close Change (%) 1,796.30 -4.99 583.5 -4.15 415.5 -2.85 943.95 -2.46 4,571.00 -2.23 315.65 -1.93 3,541.55 -1.85 1,648.60 -1.83 259.25 -1.52 5,186.95 -1.47 Share Market Today: Sensex ends 454 pts lower, Nifty slides to 22,023; auto, IT, energy shares lead losses
The Sensex ends 453.9 points, or 0.6 per cent, lower at 72,643.4 while the Nifty50 settles at 22,023.4, down 123.3 points, or 0.6 per cent, from its previous close.
Nifty50
Sensex
Images: NSEIndia.com, BSEIndia.com
Krystal Integrated Services IPO subscribed 50% so far on Day 2; here are 10 key things to know
The initial public offering (IPO) of Krystal Integrated Services, a facilities management services provider opened on Thursday, March 14. The issue is a book-built issue, which comprises a fresh issue of Rs 175 crore and an offer for sale (OFS) of 0.18 crore shares.
According to provisional exchange data, the IPO's share sale received bids for 14,98,160 shares against 29,99,448 shares on offer, translating into a subscription of 50 per cent on Friday, the second day of the bidding process.
Mutual funds' stress tests: Here is everything you need to know
Capital markets regulator Securities and Exchange Board of India (Sebi) has been vocal and constantly warning market participants of the froth or "irrational exuberance" in the broader market.
Last month, it asked the mutual fund regulatory body, the Association of Mutual Funds in India (AMFI), to ask fund managers to moderate flows into mid- and small-cap schemes. This was done as the mid-and small-cap indices have jumped sharply in a short period, outperforming the benchmark peers, even as their fundamentals do not justify the valuations they are currently commanding.
Share Market Today LIVE: Nifty Oil & Gas, Nifty PSU Bank, Nifty Auto worst hit among NSE's sectoral indices; Nifty Realty up 0.6%
Index Current level Change (%) NIFTY OIL & GAS 10,993.45 -2.56 NIFTY PSU BANK 6,690.30 -1.39 NIFTY AUTO 20,255.70 -1.26 NIFTY PHARMA 18,679.10 -1.15 NIFTY HEALTHCARE INDEX 11,687.95 -1.1 NIFTY BANK 46,448.60 -0.73 NIFTY FINANCIAL SERVICES 20,581.30 -0.7 NIFTY IT 37,457.80 -0.59 NIFTY PRIVATE BANK 23,260.85 -0.31 NIFTY CONSUMER DURABLES 31,546.25 -0.3 NIFTY METAL 7,789.90 -0.13 NIFTY MEDIA 1,823.90 0.03 NIFTY FMCG 54,406.40 0.48 NIFTY REALTY 836.45 0.59 Market Today LIVE: Anuj Gupta suggests wait-and-watch approach on gold
Anuj Gupta of HDFC Securities suggests selling MCX gold futures at Rs 66,100 for a target of Rs 65,700 with a stop loss at Rs 66,300.
Image: Reuters
Share Market Today LIVE: By Federal Bank shares, says Siddharth Rai Mangala
Siddharth Rai Mangala of StockBox Technologies is positive on Federal Bank shares.
He suggests buying the stock for targets of Rs 160 and Rs 165 with a stop loss at Rs 142.
Share Market Today LIVE: Buy Infosys shares, says Osho Krishan
Osho Krishan of Angel One recommends buying Infosys shares for a target of Rs 1,680 with a stop loss at Rs 1,600.
Here's how Infy shares have moved in the past five trading sessions:
Image: BSEIndia.com
Electoral bonds: Supreme Court issues notice to SBI, says bond numbers not disclosed
Cracking the whip on State Bank of India (SBI) for not disclosing the alphanumeric numbers of the electoral bonds received by political parties, the Supreme Court on Friday sought the bank's response while posting the matter for the next hearing on March 18. The unique alphanumeric numbers of the bonds could be used to link each donation to the receiving political party. The top court had earlier ordered SBI to categorically release all the details of electoral bonds issued to political parties, including the purchaser, the amount and the date of purchase.
Electoral Bond Data: As Election Commission makes data public, these are the biggest donors and recipients
Electoral Bonds data: After the State Bank of India (SBI) provided detailed data on electoral bond transactions to the Election Commission of India (ECI), the election body published it on its official website on Thursday, March 14, 2024.
The data revealed that while the Bharatiya Janata Party (BJP) emerged as the leading political party to receive donations through electoral funds at Rs 5,271 crore, a little-known company, Future Gaming and Hotel Services, emerged as the biggest buyer of electoral bonds at Rs 1,350 crore.
Share Market Today LIVE: Gopal Snacks zooms 8% after weak debut; should you buy, sell or hold?
Gopal Snacks shares surged on Friday, March 15, a day after its weak market debut. The upward trend follows after Quant Mutual Fund bought 15.05 lakh equity shares in the Rajkot-based manufacturer of ethnic savouries at an average price of Rs 374.21 per share via open market transactions.
Gopal Snacks rose as much as 8.3 per cent to hit a high of Rs 392.85 on the NSE in morning deals. At 11:37 AM, the counter traded at Rs 375.85, up 3.63 per cent on the NSE.
Share Market Today LIVE: Mid- and small-caps continue to bleed amid release of stress test results; what should one do?
Mid- and small-cap indices slipped over 1 per cent in the morning deals after a number of fund houses that invest in small and midcap stocks, on the instructions of the mutual fund regulatory body, the Association of Mutual Funds in India, released their stress tests.
As of 11:13 a.m., the Nifty Mid Cap 100 traded 1.41 per cent while the Nifty Small Cap 100 was down 1.17 per cent. Meanwhile, S&P BSE MidCap was down over 1.6 per cent and the S&P BSE SmallCap traded 1.19 per cent lower.
Share Market Today LIVE: Buy Bharti Airtel shares, target Rs 1,270, says Siddharth Rai Mangala
Siddharth Rai Mangala of StockBox Technologies has a 'buy' call on Bharti Airtel shares.
Mangala has placed his targets for the private sector telecom stock at Rs 1,250 and Rs 1,270 with a stop loss at Rs 1,198.
L&T Technology Services bags Rs 800 crore project from Maharashtra State Cyber Department; stock rises
LTTS share price: Shares of L&T Technology Services (NSE: LTTS) edged nearly 2 per cent higher on BSE in the early morning deals on Friday (March 15), after the company bagged a Rs 800 crore project from the Maharashtra State Cyber Department.
As of 10:14 a.m., shares of L&T Technology traded 1.24 per cent, or Rs 65.45, higher at Rs 5,330.35 apiece on the BSE. The market capitalisation of the company at around the same time stood at Rs 56,368.79 crore.
Nifty Today LIVE | Infosys, NTPC, L&T, State Bank of India among top drags in 50-scrip basket
On the contrary, ITC, Bajaj Finance, Bharti Airtel, and Britannia are among the top movers.
Here's a look at the heatmap in the 50-scrip universe by weight:
Source: NSE
What brokerages make of Paytm, SBI Life, Axis Bank, Insurance, OMC and other stocks today?
As Dalal Street enters the March 15 session, brokerages have several stocks on their radar. Here's what Morgan Stanley, UBS, Nomura and CLSA make of stocks such as One 97 Communications (Paytm), SBI Life and Axis Bank:
Popular Vehicles & Services IPO | How to check allotment status online via BSE, Link Intime India portals
Those who participated in the Popular Vehicles & Services IPO can check the status of their application online in two ways: through the websites of BSE and the registrar, Link Intime India.
Popular Vehicles allotment status check: How to check IPO allotment status online on BSE
Step 1: Visit the official website of BSE and log in by entering relevant details here. bseindia.com/investors/appli_check.aspx
Step 2: Select 'equity' under 'issue type'
Step 3: Select 'issue name'. Enter either the application number or your PAN details in the designated boxes to proceed. Click 'submit'.
The status of the Popular Vehicles & Services IPO application will appear on the screen after the successful completion of these steps. Read more
Share Market Today LIVE | CLSA cautious on IT stocks, maintains sell on four large-cap IT stocks
Shares of information technology (IT) companies continue to trade lower in Friday's session (March 15), with the Nifty IT pack down nearly 1 per cent at the time of writing this copy. Amid the weakness, eight out of the 10 Nifty IT constituents traded in negative territory. The stocks slip as much as 2 per cent.
Besides, global brokerage CLSA has been cautious on the pack and has suggested a 'sell' on four of the large-cap IT stocks, namely, HCL Technologies, Wipro, TCS, and LTIMindtree. Read more
Share Market Today LIVE | Nifty Bank 350 pts off day's high
Source: NSE
Stocks to Buy | M&M, HDFC AMC, Mphasis, IPCA Labs among analysts' top picks
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Rakesh Bansal, Kunal Saraogi, Siddharth Sedani, Sumeet Bagadia, Rajesh Palviya and Sacchitanand Uttekar share their top stock recommendations in this special segment, Pick of the Day.
On the top analysts' 'buy' list are stocks such as Mahindra & Mahindra (M&M), IPCA Laboratories, HDFC Asset Management Company, Mphasis, Indian Hotels Company Ltd (IHCL). Read more
Currency Update | Rupee falls 12 paise to 82.96 against US dollar in early trade
Share Market Today LIVE | Paytm shares hit 5% upper circuit; Morgan Stanley maintains ‘equal-weight’, target suggests 57% upside
Paytm parent One97 Communications’ shares surge a day after the digital payments firm received a third-party application provider licence by the National Payments Corp of India, the country's payments authority, that would enable it to facilitate payments after Paytm Payments Bank ceases operations. The Paytm stock is locked in the five per cent upper circuit at Rs 370.9 and Rs 370.7 apiece in early deals on BSE and NSE, respectively.
The payments authority’s decision allows Paytm to participate in the country's popular Unified Payment Interface (UPI) as a third-party application provider (TPAP) under the multi-bank model. The move comes about a month after the RBI asked the NPCI to examine a request from Paytm to become a third-party application provider.
Paytm Payments Bank is scheduled to cease operations by the end of the day, following regulatory action due to non-compliance with certain norms.Read more
Paytm share price target: What should investors do with Paytm shares? Here's what brokerages suggest:
Morgan Stanley on Paytm
Morgan Stanley has maintained an ‘equal-weight’ rating on Paytm with a target price of Rs 555. Its target implies an upside of 57.1 per cent in the stock. According to the global brokerage, the move is a positive development and in line with expectations. However, the brokerage continues to await an update on:
a) potential impact on PAYTM’s businesses during February-24,
b) updated commercials for PAYTM as Paytm Payment Bank's business moves to other banks. Read more
Share Market Today LIVE: Should you buy or sell Wipro, NHPC, JSW Energy, RailTel, over a dozen other stocks?
In this edition of Traders' Diary, the Zee Business research team shares exclusive research on 20 stocks that investors and traders can track today.
Kushal Gupta suggests buying Godrej Consumer Products shares for a one-year target of Rs 1,500.
Ashish Chaturvedi recommends selling HPCL futures for a target of Rs 480 with a stop loss at Rs 510.
Check out the complete list of stocks on today's Traders' Diary
Share Market Today LIVE | OMC stocks slip up to 6% after Centre slashes diesel, petrol prices by Rs 2/litre each
Shares of oil-marketing companies (OMCs), Hindustan Petroleum Corporation (HPCL), Indian Oil Corporation (IOC) and Bharat Petroleum Corporation Limited (BPCL) decline in trade in Friday's session (March 15), after the government ahead of the Lok Sabha elections slashed petrol and diesel rates by Rs 2 per litre across the country. The prices have been revised after nearly two years. Earlier, the OMCs revised fuel prices on April 6, 2022.
In Delhi, petrol prices are now reduced to Rs 94.72 per litre, while in Mumbai, Kolkata, and Chennai, prices are slashed to Rs 104.21, Rs 103.94, and Rs 100.75 per litre, respectively. Similarly, diesel prices are now quoted at Rs 87.62 in Delhi, whereas prices in Mumbai, Kolkata, and Chennai are at Rs 92.15, 90.76, and Rs 92.34 per litre.
Stocks of these companies in the recent past have been climbing sharply amid benign crude rates, which have led to improved auto fuel marketing margins for these entities. Read more
Share Market Today LIVE | Nifty above 22,050, Sensex drops over 200 pts in early deals
Nifty 50
Source: NSESensex
Source: BSE
Share Market Today LIVE | AMC stocks in focus as MFs start releasing stress test results
Asset management companies (AMCs) such as HDFC AMC, Nippon AMC, UTI AMC, and ABSL AMC, among others, will be in the spotlight on Friday, March 15, as fund houses, on the instructions of mutual fund regulatory body Association of Mutual Funds in India, have started releasing their stress tests for mid- and small-cap schemes.
A few days back, Sebi flagged froth in the mid-and small-cap segments and asked AMFI to take immediate steps to protect investors, at large, from the potential damage from the "bubble."
In response to this, AMFI asked funds to disclose to investors the results of internal stress tests and details such as the time needed to liquidate 25 per cent or 50 per cent of the portfolio. These results are mandated to be disclosed by the 15th of each month, according to a Reuters report. Read more
Morning Outlook | Deepak Jasani, Head of Retail Research, HDFC Securities
"After the knee-jerk reaction to the previous session’s brutal selloff, Nifty could now return to normalcy. It could stay in the 21,918-22,325 band for the near term," says Deepak Jasani, Head of Retail Research, HDFC Securities.
"Asian markets opened lower following declines on Wall Street as new data weakened the case for imminent Federal Reserve interest rate cuts," he adds.
Stocks to watch | Wipro, Navin Fluorine, Mukka Proteins, OMCs, other stocks
Here are some stocks that will be in focus on Friday, March 15:
Oil marketing companies (OMCs): The stocks of state-run Indian Oil, Hindustan Petroleum and Bharat Petroleum will be in focus after the central government announced a reduction of Rs 2 per litre each in the retail prices of petrol and diesel across the country.
One97 Communications: Paytm parent One97 Communications has received approval from the National Payments Corporation of India (NPCI) to participate in the country's popular Unified Payment Interface (UPI) as a third-party application provider (TPAP) under the multi-bank model.
IIFL Finance: The NBFC has been placed in the 'Rating Watch Negative' category by Fitch Ratings.
Wipro: The IT major has been selected by Desjardins to transform its credit solutions for members and clients.
Navin Fluorine International: The board has approved an additional investment of Rs 250 crore in the company's subsidiary, Navin Fluorine Advanced Sciences.
Mukka Proteins: The company has received purchase orders worth Rs 15.3 crore from Avanti Feeds Ltd for the supply of fish oil. Read more
Anil Singhvi Market Strategy | Important levels to track in Nifty50, Nifty Bank today
Zee Business Managing Editor Anil Singhvi sees support emerging at 21,925-22,025 and a strong buy zone at 21,800-21,900 levels for the headline Nifty50 index on Friday, March 15. For the Nifty Bank, he expects support to come in at 46,375-46,575 and a stronger support zone at 46,050-46,175 levels.
Read more on how Anil Singhvi views the Indian share market today and what he recommends
Share Market Today LIVE | GIFT Nifty futures indicate a lower start ahead on Dalal Street
GIFT Nifty futures — an early indicator of the Nifty 50 index — are down 120.55 points or 0.54 per cent at 22,144 ahead of the opening bell on Dalal Street.
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