FMCG, select banks help Sensex, Nifty snap 5-day losing streak; Metals dip

4:13 PM Mar 23

Comment :: 'Investors should restrict positions to stocks showing relatively higher strength'

Global cues are still mixed; however, oversold positions and the existence of support around 16,800 in Nifty may trigger a rebound towards the 17,200 zone. Having said that, participants shouldn't go overboard, and restrict positions to stocks that are showing relatively higher strength. 

Views by: Ajit Mishra, VP - Technical Research, Religare Broking

3:58 PM Mar 23

Tech View :: 'Fag-end recovery suggests relief rally over the next few sessions'

The Nifty witnessed a sharp recovery, and closed in the positive after falling for five consecutive days. It closed with marginal gains of ~13 points, more importantly it has taken support at the lower end  of the downward sloping channel, and bounced back with a long lower shadow indicating buying interest at lower levels.

The positive divergence and positive crossover on the hourly charts suggest that bounce can continue over the next few trading sessions. Considering that the Nifty has corrected ~1,000 points in the last six trading sessions, it is appearing oversold and hence a relief rally appears highly probable over the next few trading sessions.

On the upside, the immediate hurdle stands at 17,170 – 17,200 zone where resistance in the form of the hourly upper Bollinger band and the 40-hour exponential moving average is placed.

Views by: Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas.

3:56 PM Mar 23

Comment :: 'Markets lack confidence despite easing SVB, CS failure concerns'

With the turbulence at Credit Suisse, and ahead of the ECB policy announcement, investors' attention has switched to developments in the European market. Consistently unfavourable signs in global markets are encouraging investors to move to safe havens such as the dollar and gold, while FIIs are withdrawing funds from the domestic market in response to the Indian rupee's depreciation. Though the SVB & Credit Suisse crisis has eased, the market lacks the confidence to hold positions on contagion fears.

Views by: Vinod Nair, Head of Research at Geojit Financial Services

 

3:54 PM Mar 23

Global markets :: US index futures trade mixed

3:53 PM Mar 23

Global markets :: European stocks trade with gains amid Credit Suisse bail out hopes

3:51 PM Mar 23

Rupee closing :: Rupee ends lower at 82.73/$ vs Wednesday's close of 82.60/$

3:50 PM Mar 23

Adani Group stocks end mixed today; Adani Total Gas worst hit

3:48 PM Mar 23

BSE Oil & Gas index rises 1% as HPCL, HPCL soar 6% each

3:45 PM Mar 23

RIL hits new 52-week low intra-day as oil prices fall

>> M-Cap fell below Rs 15 trillion intra-day

3:42 PM Mar 23

Samvardhana Motherson crashes 11% post block deal

As per media reports, Sumitomo Wiring Systems Ltd (SWS) was to sell 230 million shares in the company i.e. around 3.4 per cent stake via block deal mechanism on stock exchanges today. The floor price for the deal was to be around Rs 69.90 per share (i.e. a discount of 9 per cent to last closing price) with total transaction value pegged at Rs 1,600 crore, the report suggested.

3:41 PM Mar 23

IndusInd Bank down over 2% even as ZEEL could repay $10 mn to the lender

3:40 PM Mar 23

Zee Entertainment surges 10% amid reports of debt repayment to IndusInd Bank

Zee Entertainment Enterprises Ltd. has agreed to repay dues owed to IndusInd Bank Ltd. as the company seeks to resolve insolvency proceedings initiated against it and inch closer to completing a merger with a Sony Group unit to create a $10 billion media giant, people familiar with the matter said.

3:38 PM Mar 23

Broader market check :: Mid, SmallCap indices fall despite gains in large-caps

3:36 PM Mar 23

Sectoral trends :: 2 indices end in red; Media index rises the most

3:35 PM Mar 23

Sensex Heatmap :: 17 of 30 index stocks rally in volatile trade; Consumer stocks lead

3:34 PM Mar 23

CLOSING BELL :: Nifty ends above 16,950

3:33 PM Mar 23

CLOSING BELL :: Sensex ends higher for the first time in 5 days

3:19 PM Mar 23

BSE 500:: Samvardhana Motherson, Alkem Lab, ICICI Pru Life among volume shockers

Samvardhana Motherson witnessed unusally high volume of around 26.35 million shares so far on the BSE as against its five-day average volume of around 4.23 lakh shares. Similarly, Alkem Lab, ICICI Pru Life, Aurobindo Pharma and BPCL were among the other BSE 500 volume toppers on Thursday.

3:11 PM Mar 23

DLF sells 1,137 flats in Gurugram for over Rs 8,000 crore within 3 days

Realty major DLF Ltd on Thursday said it has sold 1,137 luxury apartments, priced Rs 7 crore and above, in its housing project in Gurugram for over Rs 8,000 crore within 3 days. READ MORE

3:00 PM Mar 23

Global Check:: US, UK stock futures signal mixed trade

Source: Investing.com