"Cues from both the global and domestic markets were subdued. The asset management industry was hit hard by tax changes and the elimination of the indexation benefit of debt mutual funds. The volatility was fuelled by weak European markets, which was driven by banking stocks as CDS spread increased. Although all major sectors traded in the red, selling in the IT sector was limited despite warnings of muted growth."

- Vinod Nair, Head of Research at Geojit Financial Services

4:09 PM Mar 23

Nifty: The NSE benchmark could drop to 16,750

"Nifty slipped below the crucial level of 16,950 as the bears gained control of the market. Furthermore, the Nifty fell after a few days of consolidation, indicating an increase in bearish bets. The momentum indicator RSI is in bearish crossover. In the short term, the index may fall, with a potential drop to 16,750. On the higher end, resistance is visible at 17,200."

- Rupak De, Senior Technical Analyst at LKP Securities

4:09 PM Mar 23

Bank Nifty:: Momentum in favour of the bears; sharp slide possible below 39,000

"The Bank Nifty bears took over the control on the last day of the week and the index ended on a negative note. The index as long as does not surpass the level of 40,000 remains in a sell on rise mode. The immediate support on the downside is at 39,000 and a breach below this will lead to a sharp decline. The momentum indicator RSI trading in the bearish zone confirms the weakness in the index."

- Kunal Shah, Senior Technical Analyst at LKP Securities

4:04 PM Mar 23

GQG Partners' investment in Adani Green Energy soars 100% in 15 days

Imvestment made by GQG Partners in Adani Green Energy have fetched the Australia-based asset management company over 100 per cent returns in just 15 trading sessions. GQG Partners have earned over Rs 2,900 crore or 104 per cent during the period. READ MORE

4:02 PM Mar 23

Sundaram-Clayton trades ex-date for scheme of arrangement; stock cracks 20%

The board at its meeting held on February 9, 2022 had approved the Composite Scheme of Arrangement of the company for issue of bonus NCRPS and demerger of manufacturing undertaking. READ MORE

4:00 PM Mar 23

Two smallcap stocks touch new highs; have zoomed up to 49% in past three months

In the past three months, Vardhman Special Steels has zoomed 49% and KPIT Technologies has surged 41% as compared to a 3% decline in the S&P BSE Sensex. READ MORE

3:59 PM Mar 23

Campus Activewear tanks 8% after over 9% equity changes hand on NSE

According to media report private equity firm TPG had plans to sell 7.62 per cent stake worth Rs 800 crore in Campus Activewear via a block deal at Rs 345 per share. READ MORE

3:56 PM Mar 23

LIC plans investment exposure caps post Adani share rout: Reports

After the Adani group lost over $100 billion in valuation post scathing allegations by U.S.-based Hindenburg Research, state-run LIC was criticized for having over $4 billion exposure. READ MORE

3:55 PM Mar 23

Govt deals tax blow to debt mutual funds, AMC stocks tumble

In a move to remove the tax advantage enjoyed by debt mutual funds over bank fixed deposits, the government has proposed to tax gains arising from debt MFs at the investor's slab rate, irrespective of the investment period. READ MORE